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.

Nevada / Delaware Player Pool Sharing is “Four to Six Weeks Away”

Nevada / Delaware Player Pool Sharing is “Four to Six Weeks Away”

Philip Conneller - February 24th, 2015

An online poker compact between Nevada and Delaware that will allow the two states to pool player liquidity is to go live in “four to six weeks,” according to Nevada Governor Brian Sandoval. Sandoval told Steve Tetreault at the Las Vegas Review Journal that “technical glitches” had prevented the scheme from being rolled out last […]

Lock Poker Balances Probably Have Vanished, Says Former Employee

Lock Poker Balances Probably Have Vanished, Says Former Employee

Philip Conneller - February 24th, 2015

Shane Bridges, a former spokesperson for disgraced online poker site Lock, has opened up about a culture of mismanagement and excess within the company. In an interview with Pokerfuse this week, Bridges also said that he feels it’s now unlikely that Lock’s players will be reunited with their funds. It’s estimated that the offshore, unregulated […]

New Jersey Online Poker Figures Threaten Legalization Everywhere In US

New Jersey Online Poker Figures Threaten Legalization Everywhere In US

Philip Conneller - February 23rd, 2015

Online casino revenues are leaving online poker in the dust in New Jersey, as highlighted by a new report from gaming research group GamblingCompliance this week. The report, entitled US Internet Gambling In Focus: 2014 and 2015, starkly illustrates the growth disparity between casino, which has seen monthly revenue rise by 93 percent since launch of […]

Aviation Club De France Goes Into Judicial Liquidation

Aviation Club De France Goes Into Judicial Liquidation

Daniel Smyth - February 23rd, 2015

The Aviation Club de France (AFC), one of Europe’s most iconic poker venues, has dealt its last hand after the local authorities decided not to renew the 107 year old club’s gambling license. Despite displaced workers holding out hope that the club would reopen following its closure in September 2014, the Grand Instance Court confirmed […]

RAWA to Receive March 5 Hearing in Congress, Reports Say

RAWA to Receive March 5 Hearing in Congress, Reports Say

Ed Scimia - February 21st, 2015

A federal online poker ban still seems unlikely this year, as there’s plenty of opposition (and even more indifference) lined up against the Restoration of America’s Wire Act (RAWA). However, it does appear that some in Congress will at least be talking about the bill, as reports are circulating that RAWA will get a hearing […]

Resorts Casino Enters New Jersey Online Poker Market

Resorts Casino Enters New Jersey Online Poker Market

Ed Scimia - February 20th, 2015

Update Feb. 20, 2015: With the impending countdown to opening of the Resorts site deleted, as well as removal from the New Jersey Division of Gaming (NJDGE) official list of sanctioned Garden State entities, it appears that the Resorts online casino site is now on hold. No word on what has caused the delays as […]

PokerStars and Caesars Partnering to Push for Online Poker in America

PokerStars and Caesars Partnering to Push for Online Poker in America

Ed Scimia - February 19th, 2015

Caesars Entertainment and PokerStars have announced that they will be working together to help promote online poker throughout the United States, a move that puts two of the largest companies in gaming on the same page in the online poker debate. The announcement came just after Caesars noted that they were willing to let go […]

PokerStars Pulls The Plug On EPT Deauville

PokerStars Pulls The Plug On EPT Deauville

Daniel Smyth - February 18th, 2015

The French poker community was dealt another bad hand this month after PokerStars and the European Poker Tour (EPT) announced that the annual Deauville stop is no more. Although the company’s Senior Manager of Public Relations, Rebecca McAdam, stated that the contract to hold EPT events in Deauville had come to a “natural conclusion”; however, […]

Floyd Mayweather Tweet Gives Ivey League Shot in the Arm

Floyd Mayweather Tweet Gives Ivey League Shot in the Arm

Devin O'Connor - February 18th, 2015

Floyd Mayweather is in talks to fight Manny Pacquiao, but before he does he’s fighting to help out his buddy Phil Ivey. The boxing legend tweeted this week to his 5.58 million followers, “Learn how to play poker like @philivey #TMT” along with a link to the Ivey League website. Mayweather’s promo couldn’t have come […]

William Hill or Amaya Bwin.party Takeover Still Rumored to Be Possibilities

William Hill or Amaya Bwin.party Takeover Still Rumored to Be Possibilities

Ed Scimia - February 17th, 2015

Consider bwin.party to be like that girl in high school who everybody talks about: lots of speculation, and who knows how much validity. Among the possible suitors rumored to be bedding bwin are gambling conglomerates William Hill and Amaya Gaming, and the gossip keeps on coming. In the latest round of speculation, it seems that […]

PokerStars Flexes Some Financial Muscle With $9 Million Guarantee

PokerStars Flexes Some Financial Muscle With $9 Million Guarantee

Daniel Smyth - February 17th, 2015

PokerStars’ Sunday Millions will turn nine-years-old on March 8 and to mark that occasion, the online operator will be taking the number nine and multiplying it by a million. For a relatively meager $215, plucky poker players can ante-up and compete for a guaranteed prizepool of at least $9 million when the action gets underway […]