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.

Looking Ahead in the New Jersey Online Poker Market: Exclusive Skrill USA Interview, Part Two

Looking Ahead in the New Jersey Online Poker Market: Exclusive Skrill USA Interview, Part Two

Hannah Elisabeth - December 19th, 2014

Today, we bring you Part Two of our exclusive interview with Skrill USA Vice President Joseph Hall (JH). CardsChat News Editor-in-Chief Hannah Elisabeth (HE) spoke with Hall by phone in his Manhattan offices earlier this week. Skrill was recently approved as a digital wallet provider for the New Jersey online poker and gambling market, so […]

New Jersey Online Poker Revenues Keep Dipping in November

New Jersey Online Poker Revenues Keep Dipping in November

Elbert Pruitt - December 19th, 2014

New Jersey online poker revenue numbers are in for November, and they unfortunately leave little to cheer about in hindsight as we enter “the season of good cheer”. A report released by the NJ Division of Gaming Enforcement (DGE) showed that for the second consecutive month, the Garden State’s online poker revenue came in below […]

Cyber Attack Hits Sweden, Sending Poker Offline

Cyber Attack Hits Sweden, Sending Poker Offline

Philip Conneller - December 12th, 2014

A cyber Internet attack that sent online poker, and everything else, offline this week affected all of Sweden, from whence comes this year’s World Series of Poker Main Event champion Martin Jacobson and many other aficionados of the game. Telia, the largest Internet service provider in Sweden, released details of its outage that occurred Tuesday […]

Trump Entertainment Resorts to Settle with Betfair and Ultimate Poker

Trump Entertainment Resorts to Settle with Betfair and Ultimate Poker

Sean Gibson - December 9th, 2014

Trump Entertainment Resorts (TER) will settle with former New Jersey business partners Betfair and Ultimate Gaming. The now bankrupt casino operator had a hearing delayed to this week to find out the fate of the ill-fated Trump Taj Mahal, its last remaining Atlantic City property. The agreements with Trump’s online business associates determined which party […]

Amaya Completes Sale of Ongame Network to NYX Gaming

Amaya Completes Sale of Ongame Network to NYX Gaming

Philip Conneller - November 26th, 2014

Amaya Gaming’s $4.9 billion takeover of PokerStars rendered its existing poker network somewhat superfluous, and thus it duly completed the sale of the Ongame Network to Swedish gaming solutions provider NYX Gaming Group this week. The buying price will be the equivalent of eight times Ongame’s 2015 earnings before interest, tax, depreciation and amortization, minus […]

Neteller to Return to New Jersey to Solve Payment Woes

Neteller to Return to New Jersey to Solve Payment Woes

Sean Gibson - November 24th, 2014

Neteller, who was once synonymous with online poker in the United States, is set to return to New Jersey thanks to a new partnership deal. Pala Interactive announced a deal with Optimal Payments which provides Neteller branded payment processing to online poker and gambling customers in the regulated New Jersey market. It is the hope […]

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 […]