Mark Scheinberg

Mark Scheinberg
Born	1973 Israel
Occupation(s)	Businessman, investor
Known for	Co-founder and former co-owner of PokerStars; founder and leader of Mohari Hospitality

(Igal) Mark Scheinberg (; born 1973) is a businessman and investor of Israeli-Canadian descent, primarily engaged in the luxury hospitality and real estate sectors. He is the co-founder and former co-owner of the online gambling enterprise PokerStars, which was sold in 2014 to Amaya Gaming for $4.9 billion. Additionally, Scheinberg established and leads Mohari Hospitality, an investment company focused on developing upscale hotels worldwide, holding a controlling interest in Tao Group Hospitality.

Life

Scheinberg was born in Israel in 1973 and relocated with his family to Toronto, Canada at the age of 13, eventually settling in Richmond Hill, Ontario during the 1980s.

PokerStars

In 2001, together with his father Isai Scheinberg, a software developer, he launched PokerStars. Under his tenure as CEO, the platform expanded to become the largest online poker site globally, organizing the most prominent online tournament series and acquiring the Full Tilt Poker brand in 2012. In August 2014, Oldford Group Ltd, the parent company of PokerStars, was purchased by the Canadian publicly traded firm Amaya Gaming Group for $4.9 billion. After this transaction, Scheinberg departed from the company. By May 2017, he was recognized as the wealthiest individual residing on the Isle of Man.

Mohari Hospitality

Mohari Hospitality, founded by Scheinberg, operates as an investment entity concentrating on luxury hospitality ventures. Its holdings feature properties such as the Peninsula Resort in Papagayo, Costa Rica; the Ritz-Carlton Yacht Collection; the Waldorf Astoria Miami; and Four Seasons Private Residences located in Washington, DC. The company appointed J. Allen Smith, former CEO of Four Seasons, as its Managing Partner.

In early 2017, Mohari acquired a 50% share in Centro Canalejas Madrid for €225 million from Grupo OHL and Villa Mir. This development entails renovating seven historic buildings for mixed residential, hotel, and commercial purposes, including Spain’s inaugural Four Seasons hotel scheduled to open in 2019 and anticipated to generate 4,800 jobs.

In September 2017, Mohari’s Canadian branch purchased the Thompson Toronto hotel, a boutique establishment with 105 rooms accompanied by event spaces and dining options.

In April 2023, Mohari secured a 66.9% ownership stake in Tao Group Hospitality from Madison Square Garden Entertainment for $550 million, with plans to incorporate Tao’s brands into its existing portfolio.

As of 2024, Forbes estimates Scheinberg’s net worth at $5.6 billion.

Personal life

Scheinberg remains unmarried and resides on the Isle of Man. In March 2020, he and his family launched The Scheinberg Relief Fund with an initial commitment of $50 million to mitigate the effects of COVID-19 by supporting organizations operating in regions connected to their business or personal interests.

He also actively supports wildlife conservation and animal welfare causes. In September 2020, The Scheinberg Relief Fund committed to matching contributions made to the Wildlife Ranger Challenge, a fundraising initiative partnering with groups such as the Save the Rhino Trust.