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.

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 […]

Gibraltar Group GBGA Challenges UK Gambling Laws in Court

Gibraltar Group GBGA Challenges UK Gambling Laws in Court

Jennifer Newell - August 22nd, 2014

The GBGA, as promised, filed a legal challenge with regard to the UK Gambling (Licensing and Advertising) Act of 2014. The Gibraltar Betting and Gaming Association has expressed sincere concerns with regard to the new laws since the proposals were made public. Earlier this year, the organization vowed to take their concerns to a high […]

Gear Poker Room Splits from Equity Poker Network

Gear Poker Room Splits from Equity Poker Network

Sean Gibson - August 20th, 2014

The Equity Poker Network’s small family of poker rooms is now a bit smaller as Gear Poker room has parted ways with the network. Large rooms often attract players based on branding and recognition alone. Gear Poker, like others, is just one name housed under a larger network of sites. Though Equity Poker Network’s scale […]

Revenues Dip More Than 50% for Ladbrokes Poker

Revenues Dip More Than 50% for Ladbrokes Poker

Sean Gibson - August 18th, 2014

Ladbrokes showed a major decline in revenue from their digital poker business, according to the company’s half-year financial report, as compared to the previous year. While the UK bookmaker has seen profits increase, fueled by the action brought by the World Cup, the online casino, poker, and bingo properties are all showing double-digit declines according […]

Mystery of Amaya Canadian Poker Network 43 Percent Upsurge

Mystery of Amaya Canadian Poker Network 43 Percent Upsurge

Philip Conneller - August 15th, 2014

Amaya Gaming’s two Canadian-facing poker rooms, PlayNow and Espace Des Jeux, saw their traffic rocket by 43 percent in recent months, at one point last week almost reaching the level of their seasonal January peak. But no one quite knows why the normally sleepy Canadian Poker Network, comprising just these two poker rooms, has suddenly […]

Zynga Financial Troubles Delay New Games Release

Zynga Financial Troubles Delay New Games Release

Jennifer Newell - August 14th, 2014

Financial figures from Zynga revealed weak results for the second quarter of 2014. The final numbers prompted the social gaming company to cut full-year forecasts and put the release of several games on hold indefinitely. Zynga Poker is one of the most popular games from the company, along with others like Words with Friends. They […]

WSOP Donates Over $5 Million to ONE DROP Charity

WSOP Donates Over $5 Million to ONE DROP Charity

Jennifer Newell - August 12th, 2014

The World Series of Poker (WSOP) and its players donated more than $5 million to charity during this summer’s tournament series. WSOP worked with ONE DROP to raise funds for the organization that is dedicated to providing access to water to people around the world. The partnership is not a new one. Executives at the […]

Former Full Tilt Poker Pros Will Get Paid

Former Full Tilt Poker Pros Will Get Paid

Philip Conneller - August 7th, 2014

The former “Red Pros” of the Full Tilt Poker old guard are finally out of the red. The Garden City Group (GCG), the claims administrator in charge of reimbursing Full Tilt victims, announced that it’s received approval to start administering the claims of the second tier of Full Tilt Pros: those players who were sponsored […]