Barry Greenstein explains why he left Team PokerStars
The poker savant left this past January under a veil of silence
Most poker fans saw it coming. This past January, Barry Greenstein left Team PokerStars, but he first indicated there were possible issues in March of last year. At that time, he stated that the site had “gotten worse” and talking poorly about the source of your paycheck is never a good idea. Greenstein has now, after four months, explained why he left the site, and the reasons are in line with what many in the industry have theorized. PokerStars may be running into money problems.
Greenstein has earned well over $7 million in live poker action and has always been one of the most affable – but serious – players at the tables. He returned to Joe Ingram’s Poker Life Podcast – the same podcast where he made his previous comments about PokerStars – this past Monday for a follow-up interview and spilled the beans for the first time.
Put simply, the poker great was losing money by being with Team PokerStars. He was being paid less despite having been a team regular for years and said he was “giving up more money” being with PokerStars than if he had been looking for other opportunities. In other words, being a PokerStars crew member no longer has much value.
PokerStars has made changes to its platform over the past couple of years that have called into question how strong the company’s finances are. There have been a number of high-profile departures, as well, from poker greats like Jason Mercier, Jeff Gross, Vanessa Selbst and others, all of which have also begun to create doubt about the stability of the organization. The Stars Group will say that everything is fine, but some industry insiders are beginning to wonder how certain those comments really are.