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.

UKGC to Enforce Player Protection Tiers for Member Sites

UKGC to Enforce Player Protection Tiers for Member Sites

Elbert Pruitt - November 20th, 2014

The UKGC (UK Gambling Commission) has created a three-tiered standard by which operators must inform consumers on the safety of their funds, if the gaming company were to go bankrupt. A consultation on player fund protection was opened by the UKGC in September of 2013 and, unlike the French gaming regulator ARJEL, the UK commission […]

Felix Stephensen WSOP Runner-Up Faces Norway $2,594,547 Tax Bill

Felix Stephensen WSOP Runner-Up Faces Norway $2,594,547 Tax Bill

Philip Conneller - November 19th, 2014

Felix Stephensen, who took second in this year’s World Series of Poker (WSOP) Main Event earlier this month, may soon discover that his Viking heritage still stands strong. Famous for their marauding ways, it appears that Norway’s government has now integrated this Viking ethos into its modern government, and now takes others’ money the easy […]

Delaware Online Poker First Anniversary Reveals a Rocky Year One

Delaware Online Poker First Anniversary Reveals a Rocky Year One

Ed Scimia - November 15th, 2014

Delaware’s online poker market is now one year old, and all three of the racinos in the state that launched Internet gambling sites a year ago are still in business. But while the state’s poker sites are operating, there has been little to celebrate in the way of growth or participation when it comes to […]

Amaya bwin.party Acquisition Rumors Abound

Amaya bwin.party Acquisition Rumors Abound

Philip Conneller - November 12th, 2014

“Market chatter” suggests that Amaya Gaming is preparing a $1.2 billion takeover of party.bwin, as reported in the Markets Live section of the Financial Times website. According to FT Alphaville Editor Paul Murphy and Bryce Elder from the FT’s London markets team, the information is being regarded as a “Raw Alert,” ie, information that, in […]

Second Everleaf Gaming Exec Jean Pavili Arrested in Malta, as Players Hope for Payment

Second Everleaf Gaming Exec Jean Pavili Arrested in Malta, as Players Hope for Payment

Philip Conneller - November 10th, 2014

A second director of Everleaf Gaming, Jean Pavili, has been arrested and charged in connection with the rogue poker network that closed in 2012 , taking with it hundreds of thousands of dollars in US players’ funds. Austrian national Pavili was seized by police in Malta at the end of last week. Pavili was charged […]

Silk Road 2.0 Suspect Confesses Following Arrest

Silk Road 2.0 Suspect Confesses Following Arrest

Sean Gibson - November 10th, 2014

Blake Benthall, the man accused of operating the self-proclaimed Silk Road 2.0 website, was arrested by the FBI and has allegedly confessed to all wrongdoing. Those who have followed the Bitcoin currency might remember that the original Silk Road website was billed as one of the first Bitcoin gambling sites. The truth was, the site […]

Adjarabet Takes Third in Global Online Poker Market

Adjarabet Takes Third in Global Online Poker Market

Elbert Pruitt - November 6th, 2014

Adjarabet, the online poker and gambling operator based out of Tbilisi, the capital of the Republic of Georgia, has taken third place in the global cash game traffic rankings, according to PokerScout.com. With an average of 1,800 virtual seats filled, the relatively young online poker purveyor has rushed ahead of Full Tilt, iPoker, and partypoker, […]

September Nevada Gaming Revenues Continue to Fall

September Nevada Gaming Revenues Continue to Fall

Sean Gibson - November 2nd, 2014

September Nevada gaming revenues continued the Silver State’s financial decline for the second month in a row. The gambling state represents a large portion of the small online gaming market in the United States right now. For players who get their fix at land-based casinos, Las Vegas is seen as one of the world’s gambling […]

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 […]