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.

Crimea Gaming Congress Set for August

Crimea Gaming Congress Set for August

Sean Gibson - July 30th, 2014

Russia may have turned capitalist some 23 years ago, but gambling is still a newer entity to the formerly Communist country. But now that Putin has appointed the latest of several official gambling zones in the controversial Crimea region, a new Crimea Gaming Congress couldn’t have been far behind. With Russia widening its doors to […]

Global Online Poker Market Plunges by 13 Percent

Global Online Poker Market Plunges by 13 Percent

Philip Conneller - July 26th, 2014

The global online poker market is down 13 percent from this time last year, according to the latest traffic report from industry observers PokerScout.com. In an assessment that will make for uneasy reading for the industry, PokerScout noted that online poker’s expected bounce back following the World Cup has failed to materialize, and actually fell […]

PokerStars Parent Amaya Gaming Considers Stocking Up

PokerStars Parent Amaya Gaming Considers Stocking Up

Philip Conneller - July 9th, 2014

Following his company’s $4.9 billion takeover of PokerStars last month, Amaya Gaming CEO David Baazov now finds himself at the helm of the world’s largest online gambling company. With that in mind, Baazov has announced a possible second listing for Amaya on either the London or New York stock exchanges. The Canadian-based company is already […]

Delaware iPoker Revenues Continue to Spiral Downward

Delaware iPoker Revenues Continue to Spiral Downward

Sean Gibson - July 3rd, 2014

The gaming industry has been looking with an interested eye to the American states that have legalized Internet gaming and poker to see how well received those games would be. Early indicators were positive, as plenty of players in New Jersey, Nevada, and Delaware signed up and jumped into games. Since then, however, reality has […]

PokerStars Parent Snapped Up by Amaya for $4.9 Billion

PokerStars Parent Snapped Up by Amaya for $4.9 Billion

Philip Conneller - June 13th, 2014

In a move that has created the largest publicly traded online gambling company in the world, the Amaya Gaming Group has agreed to the purchase of the Rational Group, the parent company of PokerStars and Full Tilt Poker. The purchase price came to $4.9 billion, for which Amaya acquired 100 percent of all outstanding shares […]

PokerStars Buyout by Amaya Gaming; Stock Trades Stop

PokerStars Buyout by Amaya Gaming; Stock Trades Stop

Sean Gibson - June 12th, 2014

Amaya Gaming’s stock trading came to a halt today, following a 28.7 percent two-day jump that followed the rumored news of a major buyout of Rational Group’s PokerStars. That move looks set to move forward, based on insider industry information, after Amaya landed some $1 billion in funding, according to sources. Rumors are circulating that […]

Delaware Dips in April Online Poker Revenues, But Totals Peak

Delaware Dips in April Online Poker Revenues, But Totals Peak

Sean Gibson - June 7th, 2014

While online poker might have more mainstream support across the nation – as poker has proven time and again to be a game of skill – online revenues dipped in Delaware 12.2% in April, according to a report released by the state. The good news for “The First State” is that single month revenues hit […]

Social Gaming Market to Reach $17.4 Billion in 2019

Social Gaming Market to Reach $17.4 Billion in 2019

Philip Conneller - May 17th, 2014

Zynga Poker surprised a lot of people when it pulled out of the real-money poker market in the US. Here was Facebook’s biggest social gaming developer, with literally millions of customers, poised to enter and quite possibly dominate the newly regulated American online poker market. Convert just a tiny percentage of those hordes of Zynga […]

Credit Card Issues Still Plague New Jersey Online Gaming Sites

Credit Card Issues Still Plague New Jersey Online Gaming Sites

Sean Gibson - May 9th, 2014

For a little under six months, New Jersey has been involved in a grueling process with online gaming. November 2013′s launch was supposed to signify a turning point for the market in North America. It was also supposed to be a good source of tax revenue for the state. Unfortunately, gaming sites were riddled with […]

PPA Demands Answers from Lock Poker on Slow Payouts

PPA Demands Answers from Lock Poker on Slow Payouts

Philip Conneller - May 4th, 2014

The Poker Players Alliance (PPA)  has begun knocking on the door of Lock Poker, demanding answers about the beleaguered poker site’s solvency and ability to pay its players, although many players feel it’s too little, too late. The PPA, a grassroots organization that looks after the interests poker players throughout the US, sent an open […]

Caesars Brings Neteller to New Jersey and Nevada Sites

Caesars Brings Neteller to New Jersey and Nevada Sites

Sean Gibson - April 24th, 2014

The online gaming market’s expansion in the United States has seen its fair share of issues. Many of them stem from the legal and political waters states have had to constantly navigate. However, even after solid launches, one of the biggest hurdles to jump over has been funding an account. Despite online gambling and poker […]