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.

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 […]

Poker Player Cary Katz Beats Adelson, Wynn as Political Donor

Poker Player Cary Katz Beats Adelson, Wynn as Political Donor

Philip Conneller - September 9th, 2014

Poker pro Cary Katz is beating out billionaires like Sheldon Adelson and Steve Wynn as 2014 political donor of the year in Nevada. Catz, the high-rolling poker player with a propensity to inflict sick bad beats,  is the Silver State’s biggest contributor to political campaigns during the 2014 election cycle . He may have come to […]

Full Tilt Poker Wraps up US Refunds Claims Process

Full Tilt Poker Wraps up US Refunds Claims Process

Sean Gibson - September 7th, 2014

Full Tilt Poker players’ long journey towards reimbursement has finally come to its last stop. Online poker rooms are meant to be havens where players can engage in their favorite card games for fun or hopefully for a bit of cash. In a worst-case scenario, sites will shut down, disappear without a trace and leave […]

Nevada Online Poker Numbers Fall for July

Nevada Online Poker Numbers Fall for July

Sean Gibson - September 2nd, 2014

Nevada online poker revenues fell 7.62 percent in July compared to the previous month, according to a report issued by the Nevada Gaming Control Board. While gambling results for July showed a 0.65 percent increase in revenues to approximately $932 million, online poker revenues fell. In June of 2014, the Silver State brought in just […]

bwin.party Restructuring to Offset Losses

bwin.party Restructuring to Offset Losses

Sean Gibson - September 1st, 2014

bwin.party is looking to make some big moves after posting its newest, disappointing financial results. Like any other company, bwin is not immune to a market that has a tendency to constantly shift focus. For any online gaming operator, capturing the attention and continued business of players is crucial to success. One risky acquisition might […]

Delaware Sees Summer Upswing for Online Poker

Delaware Sees Summer Upswing for Online Poker

Jennifer Newell - August 28th, 2014

Delaware online poker revenue has been on a massive decline since March of 2014, but found some reprieve in the July intake numbers. The Delaware Lottery revealed its unaudited net proceeds from Internet gaming for the month of July, and despite an overall drop in online gaming, poker increased for the first time in months. […]

Newsweek Looks at Bitcoin Online Poker

Newsweek Looks at Bitcoin Online Poker

Jennifer Newell - August 27th, 2014

Newsweek has published an article on Bitcoin online poker and gambling less than one week after a scathing cover story about online gambling in general. Poker players and gamblers were up in arms over the last story penned by Leah McGrath Goodman, due to the one-sided presentation of the issue without reaching out to pro-US […]

PayPal in Talks with New Jersey Online Regulators

PayPal in Talks with New Jersey Online Regulators

Sean Gibson - August 26th, 2014

PayPal and New Jersey regulators are currently in talks to bring the popular payment processor to the Garden State. The news comes on the heels of a report published just weeks ago that PayPal was looking to secure agreements in New Jersey and Nevada. Both states have legalized forms of online gaming, but have been […]