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.

WPT Pulls the Plug on WPTPoker.com

WPT Pulls the Plug on WPTPoker.com

Daniel Smyth - May 22nd, 2015

WPTPoker.com, the online poker platform of the World Poker Tour, recently announced that it will be closing its virtual doors on June 6. Announced in a letter sent out to affiliates this week, the closure will contain a three-month grace period during which players will be able to log into their accounts and withdraw any […]

Bwin.party Bidding War Now Includes Amaya with GVC Versus 888

Bwin.party Bidding War Now Includes Amaya with GVC Versus 888

Philip Conneller - May 18th, 2015

Bwin.party is now the object of desire for Amaya Inc., GVC Holdings, and 888 Holdings, all of which have joined the bidding war to buy the online gaming operator. Negotiations around the possible sale of all or part of bwin’s assets have been rolling around since last summer, but escalated on Friday with the news […]

Is Carbon Poker Closing Shop? Smoke Says Maybe

Is Carbon Poker Closing Shop? Smoke Says Maybe

Hannah Elisabeth - May 15th, 2015

Is Carbon Poker on the verge of an imminent shutdown? Many factors appear to point in that direction. Both players complaining about slow or no cashouts on forum threads, and business directions being handed down from the site itself, are making it look like Carbon may soon join Lock and other now-defunct online sites, following […]

Amaya Posts Huge Q1 Revenues Thanks To PokerStars Acquisition

Amaya Posts Huge Q1 Revenues Thanks To PokerStars Acquisition

Ed Scimia - May 15th, 2015

When Amaya purchased the Rational Group last year, it was a no-brainer that the addition of PokerStars and Full Tilt to the company would send their revenues through the roof. That prediction has now become a reality, as a comparison of Amaya’s take in the first quarter of 2015 to the year before shows exactly […]

GVC Holdings Moving In for bwin.party Buyout in Reverse Takeover Bid

GVC Holdings Moving In for bwin.party Buyout in Reverse Takeover Bid

Daniel Smyth - May 15th, 2015

Bwin.party could be set for a change of ownership if the green light is given by the company’s senior executives. GVC Holdings PLC, a sports betting and gaming company that controls Sportingbet, Casino Club and Betboo, has submitted a takeover bid for bwin.party Digital Entertainment PLC. Despite being a smaller company than bwin.party, GVC has […]

Phua Case Prosecutors Press for Conviction with Added Conspiracy Charge

Phua Case Prosecutors Press for Conviction with Added Conspiracy Charge

Philip Conneller - May 14th, 2015

Paul Phua is in the poker match of his life, and against what is possibly his most formidable opponent: the United States federal government. As the ongoing saga of the Malaysian whale poker pro’s alleged illegal sports betting operation continues to unfold, his poker skills, or rather those of his attorneys, will certainly be put […]

Full Tilt Obtains License To Operate In Denmark

Full Tilt Obtains License To Operate In Denmark

Ed Scimia - May 14th, 2015

Full Tilt Poker is coming back to the Danish market. Amaya has successfully been approved to offer both poker and casino games in Denmark, and has already launched a site that does so under the Fulltilt.dk domain name. The new site is not a segregated one, as it allows players in Denmark and Greenland to […]

WSOP 2015 Tax Edict Says Players on Their Own for Backer Deals

WSOP 2015 Tax Edict Says Players on Their Own for Backer Deals

Ed Scimia - May 11th, 2015

WSOP 2015 is nigh upon us, and tax day is just recently passed, but the two major annual events are about to cross paths nonetheless. And players who have traditionally relied on backers may soon discover that their lives are going to be much more complicated this year than in years past when it comes time […]

Betclic Everest Players Fined for Unlicensed Site Play by Belgian Gaming Commission

Betclic Everest Players Fined for Unlicensed Site Play by Belgian Gaming Commission

Daniel Smyth - May 11th, 2015

Betclic Everest poker players, beware: if you’re in Belgium, you could be in trouble for logging in to the site that’s unlicensed there. And other online poker players in Europe who thought they could evade the legal crosshairs of their national gaming commissions could be in for a shock if more countries decide to follow […]

Online Poker Continues Decline in France

Online Poker Continues Decline in France

Philip Conneller - May 8th, 2015

French online gambling regulator ARJEL released its Q1 gross gaming revenue figures this week, and the picture remains bleak for poker. While online poker continues to attract the most players and generate a higher level of turnover than other forms of online gambling, it also yields the lowest level of gross gaming revenue. France’s cash […]

Following Trend, Caesars Palace Las Vegas Just Says No to C Notes

Following Trend, Caesars Palace Las Vegas Just Says No to C Notes

Daniel Smyth - May 5th, 2015

If you’re headed to Caesars Palace in Las Vegas this summer, thinking you may impress your poker table mates with wads of real live $100 bills, think again. The Caesars flagship property is following suit with other major Sin City casinos’ poker rooms, and forbidding the use of real money in poker cash games. The […]


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