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.

Amaya Restructuring Post-PokerStars Debts to Boost Liquidity

Amaya Restructuring Post-PokerStars Debts to Boost Liquidity

Philip Conneller - July 30th, 2015

Amaya Inc has announced plans to refinance some of the long-term debt it incurred as a result of its $4.9 billion leveraged takeover of PokerStars and Full Tilt last year. The move is expected to reduce debt service costs and interest payments which will help bolster liquidity and cash flow, as well as its leverage […]

PokerStars MicroMillions Main Event Swept by Canadian Player

PokerStars MicroMillions Main Event Swept by Canadian Player

Ed Scimia - July 29th, 2015

PokerStars MicroMillions has never been the highest-profile online tournament series. After all, as the “Micro” in its name would suggest, the stakes aren’t nearly as high as in the World Championship of Online Poker or SCOOP. But for players who aren’t comfortable putting up hundreds, or even thousands, of dollars for a tournament buy-in, there’s […]

Casino Gran Madrid Closes Online Poker Operations as Spanish Market Begins to Crumble

Casino Gran Madrid Closes Online Poker Operations as Spanish Market Begins to Crumble

Philip Conneller - July 29th, 2015

Casino Gran Madrid will shut down its poker portal, the third largest in the Spanish market, on July 31, citing an inability to “provide an attractive product in a hostile environment.” While the site, a skin of the iPoker network, lingers some way behind PokerStars.es and 888.es in the liquidity rankings, it still attracts a […]

New Jersey Online Poker Traffic Trending Upward

New Jersey Online Poker Traffic Trending Upward

Ed Scimia - July 28th, 2015

New Jersey has seen gradual improvements in its online gambling numbers in recent months, but that success hasn’t been enjoyed equally across all games. Online poker has failed to capitalize on that growth, and in fact slumped heading into the summer months, leading many to wonder whether the state would need something to reinvigorate the […]

Playboy Poker Closes Down for Second Time

Playboy Poker Closes Down for Second Time

Ed Scimia - July 27th, 2015

The Playboy Mansion is still hosting wild parties, and the Playboy magazine is still being bought (for the articles!) by millions worldwide. But Playboy Poker is shutting down for the second time in its history, announcing that Monday would be the final day of operation for the latest incarnation of the poker site. The original […]

GVC Upstages 888 Holdings With New Bwin.party Takeover Bid, Sans Amaya

GVC Upstages 888 Holdings With New Bwin.party Takeover Bid, Sans Amaya

Philip Conneller - July 27th, 2015

GVC Holdings will make a bid of just under £1 billion ($1.5 billion) for bwin.party, as it attempts to drive rival 888 Holdings out of the pot with the mother of all 4-bets. The company has secured debt financing for the bid from Cerberus Capital Management, a US private equity group. Cerberus is part of […]

Ladbrokes and Gala Coral Announce Merger

Ladbrokes and Gala Coral Announce Merger

Ed Scimia - July 24th, 2015

The world of sports betting is getting a new giant, one that will now be the biggest bookmaker in the United Kingdom. Betting companies Ladbrokes and Gala Coral have officially announced a merger, one that will create a company worth about £2.3 billion ($3.6 billion). The new company will have tremendous reach in the UK, […]

GVC Could Be Plotting Solo Bwin.Party Takeover, Insiders Say 

GVC Could Be Plotting Solo Bwin.Party Takeover, Insiders Say 

Philip Conneller - July 21st, 2015

GVC Holdings is considering one last throw of the dice in its battle to acquire bwin.party, this time without the financial assistance of Amaya Inc. Insiders report that rumors have been circulating in London’s financial district that GVC has been talking to institutions about the possibility of a large fund raise for an enormous leveraged […]

Delaware iGaming Sinks To New Lows

Delaware iGaming Sinks To New Lows

Daniel Smyth - July 19th, 2015

Summer is never a particularly bountiful time for online casinos, but Delaware’s collection of licensed operators felt the squeeze more than ever in June with the lowest reported revenues on record. According to the latest stats reported  by the Delaware Lottery, the state’s collection of online poker and casino sites banked 19 percent less in […]

PokerStars Gears Up for Daily Fantasy Sports Launch

PokerStars Gears Up for Daily Fantasy Sports Launch

Philip Conneller - July 18th, 2015

PokerStars looks like it is preparing to launch daily fantasy sports (DFS) in the US in time for the start of the NFL season in September. This week the company contacted many of its former customers in the US via email to gauge opinions on a PokerStars DFS product. These were players who had accounts […]

Poker Players Can Sue Iowa Cops for Bankroll Confiscation at Traffic Stop

Poker Players Can Sue Iowa Cops for Bankroll Confiscation at Traffic Stop

Philip Conneller - July 17th, 2015

Some Iowa cops may be in hot water after a judge’s ruling. Two poker players are free to sue the Iowa police officers after the players’ bankrolls were confiscated during a warrantless search, per US District Judge James Gritzner. Gritzner refused to dismiss the lawsuit against state troopers Justin Simmons and Eric VanderWiel, who, claims the […]


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