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.

Rhode Island To Launch Its First Live Poker Room At Twin Rivers Casino

Rhode Island To Launch Its First Live Poker Room At Twin Rivers Casino

Philip Conneller - July 4th, 2015

Rhode Island is set to open its first-ever licensed poker room. John Taylor, chairman of the Twin River Casino in Lincoln, announced Tuesday that the property would be adding 28 new table games, including 16 poker tables, which would comprise its new poker room. It’s currently scheduled to open in August in the casino’s no […]

UK Cracks Down On Bitcoin Gaming Operators

UK Cracks Down On Bitcoin Gaming Operators

Philip Conneller - July 2nd, 2015

The UK Gambling Commission (UKGC) has warned bitcoin gaming operators that they are not outside the law and that all companies offering gambling to UK citizens require a license, regardless of the currency in which transactions are conducted. UKGC has written to a number of operators clarifying that while bitcoin itself is an unregulated currency, […]

Successful APT Vietnam Could Spark Asian Poker Boom

Successful APT Vietnam Could Spark Asian Poker Boom

Daniel Smyth - June 30th, 2015

Poker industry insiders have long lamented over where the next poker boom will occur and for the past few years the frontrunners in the debate have been India and Asia. Offering huge potential in terms of their overall populations, both markets have tentatively embraced the game, yet neither has fully latched onto it in a […]

Eli Elezra Mansion Up For Grabs, If You Have $2 Million To Spare

Eli Elezra Mansion Up For Grabs, If You Have $2 Million To Spare

Devin O'Connor - June 28th, 2015

Eli Elezra, the former Full Tilt poker pro who was a regular on High Stakes Poker, is reportedly putting his Las Vegas home up for sale. Priced at just under $2 million, the 8,842-square-foot luxury house is situated in The Fountains community in Green Valley, Henderson in Nevada. Real estate giants, Vegas One Realty, have […]

Bryan Micon Plea Deal Could Mean Probation and $25K Fine Only for Former Seals with Clubs Chairman

Bryan Micon Plea Deal Could Mean Probation and $25K Fine Only for Former Seals with Clubs Chairman

Philip Conneller - June 26th, 2015

Many might have wondered why Bryan Micon, whose Bitcoin-only poker site Seals with Clubs (SwC) had been under legal scrutiny along with the man himself, would voluntarily return to the US this week to face the court on his sole legal charge. The answer came yesterday, as an extremely lenient sentence now hovers over the […]

Ladbrokes and Gala Coral Merger Talks Could Mean Big Business for Online Poker Branches

Ladbrokes and Gala Coral Merger Talks Could Mean Big Business for Online Poker Branches

Daniel Smyth - June 23rd, 2015

Ladbrokes and Gala Coral, two of the UK’s leading bookmakers, are considering a possible merger and it could have an impact on the online poker scene if it goes according t plan. Talks of a deal first hit the headlines courtesy of the UK’s Racing Post after it received a quote from Ladbrokes’ CEO Jim […]

David Baazov Wins Vote Of Confidence From Amaya Shareholders

David Baazov Wins Vote Of Confidence From Amaya Shareholders

Ed Scimia - June 23rd, 2015

If Amaya’s shareholders are concerned about the direction that the company is headed in, they certainly didn’t show it at the company’s annual meeting. On Monday, those shareholders overwhelmingly voted to keep David Baazov as the company’s CEO, saying that he had been the architect of a “great year” for the firm. Baazov Easily Retains […]

Bwin.party Sells WPT For $35 Million

Bwin.party Sells WPT For $35 Million

Philip Conneller - June 22nd, 2015

Bwin.party has sold the World Poker Tour to Hong Kong-listed Ourgame International Holdings Ltd for $35 million in cash. Ourgame, which specializes in multi-platform card-based social gaming primarily for the Chinese market, said that the acquisition was a first step towards building a global social gaming brand. Rumors of the sale of the tournament series […]

Italy Looks To International Pool Sharing To Save Strangled Market

Italy Looks To International Pool Sharing To Save Strangled Market

Philip Conneller - June 20th, 2015

Italy may open up its online poker operations to international player pooling as part of new online gambling reforms. The Delega Fiscale (delegation tax) law is looking at ways to revive the country’s stunted online poker market, such as fixing taxes for operators at 20 percent on gross gaming revenue for tournaments, rather than the […]

Amaya Gets Infusion with $280M from PointState Capital Hedge Fund

Amaya Gets Infusion with $280M from PointState Capital Hedge Fund

Daniel Smyth - June 17th, 2015

Amaya is still the “it” girl of business investments, it appears. At least if a major buy in from a multibillion hedge fund is any indication, that is. PointState Capital, a US hedge fund that manages a portfolio of investments worth $14.2 billion, has just bought a stake in Amaya, the owner of Rational Group, […]

Global Online Poker Liquidity Down 16 Percent, Year On Year

Global Online Poker Liquidity Down 16 Percent, Year On Year

Philip Conneller - June 16th, 2015

Online poker traffic across all online poker networks is collectively down 16 percent, year on year, according to industry number crunchers PokerScout.com. Global poker liquidity fell by 3 percent over the preceding week, the site said, representing the ninth consecutive week of decline. While week-on-week the pinch has been felt by eight of the top […]


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