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.

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 […]

New Jersey Online Poker Revenue Up 5 Percent in August

New Jersey Online Poker Revenue Up 5 Percent in August

Elbert Pruitt - September 21st, 2014

New Jersey online poker revenue rose by almost 5 percent in August over the same period in July, according to numbers released by the NJ Division of Gaming Enforcement (NJDGE). Garden State poker players generated $2.25 million for the cash-strapped state during summer’s dog days, and the amount brought total online poker revenue to $21 […]

French Regulator ARJEL Admits to Online Poker Disaster

French Regulator ARJEL Admits to Online Poker Disaster

Sean Gibson - September 18th, 2014

French online gaming regulator ARJEL has issued a report stating that poker is a fad and that it’s “over,” based on numbers indicating that active accounts continue to decline. In a public report issued by ARJEL President Charles Coppolani, who recently stepped into the position, poker was deemed to be “too complicated” for younger players. […]

partypoker Hits New Two-Year Traffic Low

partypoker Hits New Two-Year Traffic Low

Sean Gibson - September 18th, 2014

partypoker has hit a new two-year low for cash-game traffic, according to multiple industry sources. The site, owned by bwin.party and traded on the London Exchange, has not recovered its traffic now that the summer is over, despite many competitors already showing a recovery. The downturn continues amidst senior-level turmoil and changes in software that […]

California Online Poker Closed Door Policy Problematic

California Online Poker Closed Door Policy Problematic

Sean Gibson - September 15th, 2014

California online poker has certainly had its ups and downs in the battle to make it legal over the course of the past five years. California has been slowly inching towards establishing an online gaming market. Yet across the world, online poker and many other forms of gambling have turned into a valuable market for […]