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.

Nevada Gambling Bill SB 40 Wouldn’t Affect Poker Tournament Staking, Control Board Says

Nevada Gambling Bill SB 40 Wouldn’t Affect Poker Tournament Staking, Control Board Says

Philip Conneller - January 29th, 2015

SB 40, the latest Nevada gambling bill that poker players feared could be used to attack tournament staking culture and do untold damage to the World Series of Poker (WSOP), relates only to sports betting, the Nevada Gaming Control Board has clarified. At first glance, the bill, which is essentially about reducing the possibility of […]

AGA Wants AG Nominee Questioned on Illegal Betting Views

AGA Wants AG Nominee Questioned on Illegal Betting Views

Elbert Pruitt - January 28th, 2015

US Attorney General Nominee Loretta Lynch, President Obama’s choice to replace outgoing AG Eric Holder, is scheduled to appear before the Senate Judiciary Committee (SJC) for confirmation hearings starting today, and the American Gaming Association wants to know her views on illegal betting. In a letter sent on Tuesday to SJC Chairman Charles Grassley, and […]

Delaware Online Poker Plunges 77 Percent Year-on-Year

Delaware Online Poker Plunges 77 Percent Year-on-Year

Philip Conneller - January 27th, 2015

Delaware has reported a 77 percent year-on-year decrease in its online poker revenues for December 2014, a yield of just $28,589. That makes last month the lowest in 13 underwhelming months since the state began its online poker operations. Interstate liquidity sharing cannot come soon enough, it seems. Operations began brightly enough in November 2013, […]

Todd Brunson Whips Texas Banker Andy Beal for $5M in Bellagio Cash Game

Todd Brunson Whips Texas Banker Andy Beal for $5M in Bellagio Cash Game

Philip Conneller - January 26th, 2015

Andy Beal is back. The billionaire Texas banker, who was last seen scuttling from the Wynn in 2006 vowing that he was “done” with poker having taken a $16.6 million bruising at the hands of Phil Ivey, has returned to Las Vegas. Beal was spotted at Bobby’s Room, the legendary high-stakes poker room at the […]

Nevada Proposes Felony Charges for Unauthorized Gambling Affiliates

Nevada Proposes Felony Charges for Unauthorized Gambling Affiliates

Sean Gibson - January 26th, 2015

Nevada, which is one of three states to allow online gambling activities, has proposed an amendment to its gambling legislation that would make it a felony to profit as an affiliate to unauthorized online sites. Anyone affiliated with a gambling site not holding a vetted Nevada license, if the amendment is added, could be prosecuted […]

UK Challenging EU Anti-Money Laundering Directive

UK Challenging EU Anti-Money Laundering Directive

Sean Gibson - January 25th, 2015

The United Kingdom (UK) is raising concerns over the new European Union (EU) Anti-Money Laundering Directive and may be considering a legal challenge against it. Last month the Council of Ministers and European Parliament came to a consensus on anti-money laundering issues and with it the new Directive is in the final stages of being […]

State Senator Tyson Larson Pushes to Legalize Poker in Nebraska

State Senator Tyson Larson Pushes to Legalize Poker in Nebraska

Philip Conneller - January 20th, 2015

A Nebraska poker bill that seeks to legalize the game by declaring it a game of skill will be introduced to the state legislature this week by State Senator Tyson Larson. Nebraska’s Constitution currently prohibits games of chance in the Cornhusker state, but Senator Larson proposes to sidestep this issue by having certain poker variants […]

Gus Hansen Invests Millions into Bridge Shuffler Over Troubled Water

Gus Hansen Invests Millions into Bridge Shuffler Over Troubled Water

Sean Gibson - January 20th, 2015

Poker pro Gus Hansen is investing millions of dollars into a bridge-shuffling device, as the player who was recently dropped by Full Tilt continues to diversify his career. The new firm Hansen is investing in is called Bridge Company, and it’s coincidentally developing a new device that shuffles cards for the game. The news first […]

Darren Woods Jailed and Fined as Poker Cheat in UK

Darren Woods Jailed and Fined as Poker Cheat in UK

Philip Conneller - January 19th, 2015

Darren Woods, a former World Series of Poker bracelet winner, has been jailed by a UK court for 15 months for fraud for cheating online poker players out of hundreds of thousands of dollars and claiming bogus commissions from his former sponsors, 888.com. Woods, AKA  “Dooshcom” online, has been ordered to pay back £1 million […]

Online Poker Bill Back Again in Mississippi

Online Poker Bill Back Again in Mississippi

Ed Scimia - January 15th, 2015

Online poker may not have found much traction in the Mississippi legislature over the past few years, but at least you can’t say that proponents of the game aren’t trying. State Representative Bobby Moak (D-53rd District) has once again introduced a bill that would legalize online poker and other Internet gambling games in the state. […]

Amaya Stock Buyback Could Mean Good Things for PokerStars and Players

Amaya Stock Buyback Could Mean Good Things for PokerStars and Players

Devin O'Connor - January 14th, 2015

Amaya’s volatile stock price has seen more than its share of ups and downs since the Canadian-based gaming company acquired PokerStars and Full Tilt for $4.9 billion in June of 2014. Shareholders and market analysts have debated the value and whether the stock was a buy or sell over the last six months, but one […]