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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.

Partypoker Eliminates Withdrawal Fees for Any Method, Starts Immediately

Partypoker Eliminates Withdrawal Fees for Any Method, Starts Immediately

Philip Conneller - February 11th, 2016

Partypoker will no longer charge any vig on withdrawal fees. The online site announced the change this week, saying it takes effect immediately. The company said that from now on, no fees will be charged on transactions via e-wallets such as Neteller, Skrill, and Webmoney. Party scrapped the fees charged on MasterCard, Visa and bank […]

Amaya Executives Join CEO David Baazov in Private Company Bid, Barclays to Review

Amaya Executives Join CEO David Baazov in Private Company Bid, Barclays to Review

Philip Conneller - February 10th, 2016

Several top Amaya executives could be jumping on a bid by their CEO and chairman David Baazov to acquire the company and take it private. Amaya said this week that its executive vice-president for corporate development, Marlon Goldstein, along with three other unnamed senior management figures, may be joining the potential takeover. In a move […]

GVC’s Newly Purchased Partypoker to Return to Gray Markets After Merger

GVC’s Newly Purchased Partypoker to Return to Gray Markets After Merger

Philip Conneller - February 6th, 2016

Partypoker, under its new owners GVC Holdings, is set to reenter 21 markets across Europe and the Americas, many of which it had abandoned in 2013, because they were legally “gray,” meaning the legality of online gaming in those jurisdictions is neither clearly illegal nor clearly legal. GVC, which only officially completed its takeover of […]

Nevada Poker Revenues for Land and Online Took Small Dip in 2015

Nevada Poker Revenues for Land and Online Took Small Dip in 2015

Jon Sofen - February 3rd, 2016

Nevada poker rooms, the combined collection of brick-and-mortar and (more recently) Internet sites, have experienced a decline in revenue for the better part of the past eight years. It appears that 2015 was no different. The state’s land-based poker rooms and online poker site operators raked in slightly over $118 million last year combined. That’s […]

Stock Exchange Listing Completes Paddy Power Betfair Merger

Stock Exchange Listing Completes Paddy Power Betfair Merger

Daniel Smyth - February 2nd, 2016

The much anticipated Paddy Power Betfair merger has finally been completed, after shares in the new company went live on the London Stock Exchange this week. The deal, which was first agreed to back in September 2015, is worth £5 billion ($7.2 billion) and will go down as one of the largest iGaming deals to […]

Crown Melbourne Slammed by Media for Flying in Paul Phua for Aussie Millions

Crown Melbourne Slammed by Media for Flying in Paul Phua for Aussie Millions

Philip Conneller - February 2nd, 2016

Paul Phua may be off the hook legally for his alleged involvement in a World Cup sports betting scandal at Caesars Palace in Las Vegas in 2014, but the Malaysian poker pro is still under scrutiny by many. The latest bout involves the Australian media, who have come out guns blazing regarding the Crown Casino […]

Amaya and PokerStars Moving Towards Privatization as CEO David Baazov Makes $3.8 Billion Company Bid

Amaya and PokerStars Moving Towards Privatization as CEO David Baazov Makes $3.8 Billion Company Bid

Daniel Smyth - February 1st, 2016

Amaya CEO David Baazov has reportedly made a bid for his own iGaming company, in an effort to take it off the public stock exchange and make it a private entity. According to a statement issued by Amaya on Monday morning, Baazov and a group of investors have offered to buy the company and its […]

Shane Warne Foundation Ceases Operations and Takes Charity Poker Event with It

Shane Warne Foundation Ceases Operations and Takes Charity Poker Event with It

Daniel Smyth - January 31st, 2016

The Shane Warne Foundation (TSWF) in Australia, responsible for hosting a number of charity poker tournaments, has ceased operations amid accusations of financial misconduct. Following claims that the organization had deliberately hidden or misrepresented the distribution of its funds, former cricketer Shane Warne recently announced that he was closing down the charity, but insisted there […]

Malta Online Poker Now Just One Percent of Overall Internet Revenues, Country Reports

Malta Online Poker Now Just One Percent of Overall Internet Revenues, Country Reports

Philip Conneller - January 28th, 2016

Malta online poker has become the red-headed stepchild of the small country’s Internet gaming revenues. The Maltese regulator announced this week that just one percent of its entire online gaming revenue is now derived from poker operations. That’s an unsettling figure, because Malta is the largest online gambling jurisdiction in the world. With the highest […]

PokerStars Italy Worth 2.58 Percent of Country’s iGaming Market Share in 2015

PokerStars Italy Worth 2.58 Percent of Country’s iGaming Market Share in 2015

Philip Conneller - January 27th, 2016

PokerStars Italy has a firm hold on 70 percent of the online poker market in that country. Now, it is becoming one of the top online casinos overall in Italy as well. Previously nothing but a poker site, PokerStars now operates a full-fledged Internet casino, minus the sports betting aspect. Italy’s gaming regulator, Agenzia delle […]

Delaware Online Poker Revenues Up (for December) and Down (for the Year)

Delaware Online Poker Revenues Up (for December) and Down (for the Year)

Jon Sofen - January 23rd, 2016

Delaware online poker has some good news, but more bad news, when it comes to the 2015 end-of-year tally big picture. Starting with the positive side, the Diamond State finished up 2015 with a 7.4 percent increase in revenue generated from Internet poker in the month of December. The state brought in approximately $31,000 from […]