Financial

Whether it is quarterly financial reports, big losses or big gains, you’ll find out the latest financial news for gambling related industries right here. If we think a poker site is going bust, you’ll know about it. And if they are floating stock options, you’ll know it too.

PokerStars Ups Rake, Adds Currency Exchange Fees, Drops Promo

PokerStars Ups Rake, Adds Currency Exchange Fees, Drops Promo

Ed Scimia - October 30th, 2014

PokerStars, once considered the most-beloved poker site in the world, isn’t doing much to make friends and influence people these days. A flurry of changes at the poker site this week have drawn sharp criticisms from players. Most recently, PokerStars announced the end of the Battle of the Planets promotion, while simultaneously raising the rake […]

Full Tilt Remissions Could Go Unclaimed Before November Deadline

Full Tilt Remissions Could Go Unclaimed Before November Deadline

Philip Conneller - October 28th, 2014

The final phases of the Full Tilt remissions process due US players who have applied for remuneration could see hundreds of thousands of dollars potentially ending up unclaimed. That’s because some players who are still owed money may have supplied incorrect banking or personal information, and with the deadline looming less than a month away […]

Amaya Financials Show Strong Cash Position Since PokerStars Buyout

Amaya Financials Show Strong Cash Position Since PokerStars Buyout

Sean Gibson - October 25th, 2014

An unaudited analysis of Amaya’s financials demonstrates a strong cash and overall fiscal position. Back in 2012, it was noted by many industry sources that when Amaya purchased Ongame (from bwin.party), that the financial outlook of Ongame’s cash position was only 31 percent of player deposit liabilities. Now, with Amaya having successfully acquired Rational Group […]

Italian Poker Pros Not Taxed in EU Justice Court Decision

Italian Poker Pros Not Taxed in EU Justice Court Decision

Ed Scimia - October 24th, 2014

Two Italian poker pros will have a less taxing year ahead, following a key EU ruling in their favor. The European Union Court of Justice (CJEU) ruled against the Italian government in a case that concerned whether the nation could seek to collect income tax on winnings from poker tournaments in other EU countries. The […]

EuroPoker Files for Bankruptcy in French Court

EuroPoker Files for Bankruptcy in French Court

Elbert Pruitt - October 19th, 2014

EuroPoker parent company EPMEDIA has filed for bankruptcy, and was scheduled to meet in the Bobigny court to discuss the matter earlier this week. The news was reported by ARJEL, the regulating authority for online gambling in France, on its website. EuroPoker recently attempted a migration from the Ongame France network to iPoker France, in […]

Sweden Poker Tax Evaders Getting Online Scrutiny

Sweden Poker Tax Evaders Getting Online Scrutiny

Sean Gibson - October 10th, 2014

Sweden poker tax evaders are under the microscope, as the Scandinavian country is cracking down to enforce laws surrounding online gaming by punishing those who refuse to pay up. According to multiple industry reports, Swedish tax authority Skatteverket has begun looking as far back as November 2012 and recently improved its effectiveness for finding players […]

Delaware and Nevada Online Gaming: An Up and Down August

Delaware and Nevada Online Gaming: An Up and Down August

Elbert Pruitt - October 6th, 2014

Delaware and Nevada online gaming revenue for August had a seesaw-like quality, with the former going slightly up while the Silver State took a dip. Now that Delaware and Nevada have released their respective  iGaming revenue reports for the month of August, it appears that Delaware took a slight increase over July, while Nevada posted […]

Belgium Poker Player Tax to Hit 75 Percent

Belgium Poker Player Tax to Hit 75 Percent

Philip Conneller - October 5th, 2014

Belgium poker players may want to console themselves with some of their fine chocolate when they hear this gut-kicking news, because Belgium wants to hit poker players where it hurts, in the fiscal regions. In the same week that Belgian player Davidi Kitai finished second at the Winamax Open in Dublin, authorities announced their intention to […]

European Union Rules in Favor of  Online Gambling Tax Breaks

European Union Rules in Favor of Online Gambling Tax Breaks

Philip Conneller - September 29th, 2014

The Court of Justice of the European Union (CJEU) has ruled in favor of differentiated tax rates for online gambling. While this news may not sound earth-shattering, its far-reaching implications for the online gambling industry are actually quite substantial. The CJEU was asked to examine a challenge by various land-based licensees who were unsatisfied with […]

Real Gaming Adds 7-Eleven, Family Dollar Deposit Options

Real Gaming Adds 7-Eleven, Family Dollar Deposit Options

Sean Gibson - September 28th, 2014

Real Gaming, the South Point Casino-run Nevada online poker site, is set to expand its services by providing new deposit options in the Silver State. For any online poker room or operator, the market in the US hasn’t exactly been the easiest one in which to establish a base of operations. The hope of expanding […]

PokerStars Reveals Site Migration Plans for UK Players

PokerStars Reveals Site Migration Plans for UK Players

Sean Gibson - September 23rd, 2014

PokerStars has revealed its migrations plans for UK players. The largest poker site in the world provided details about what players based in the UK can expect when new regulations come into effect. As with any country, laws and regulations evolve over time. The UK isn’t immune from change that could benefit or strengthen its […]