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.

PokerStars Partners with SafeCharge in UK

PokerStars Partners with SafeCharge in UK

Ed Scimia - April 24th, 2015

PokerStars has partnered with payment processing company SafeCharge to create a prepaid MasterCard that is branded with the PokerStars logo, known as the StarsCard. For the moment, the card will only be available in the UK, but could become available in other markets as well in the future. The card will allow players to move […]

Guy Laliberte Sells Cirque Du Soleil

Guy Laliberte Sells Cirque Du Soleil

Ed Scimia - April 22nd, 2015

Guy Laliberte has sold a majority stake in Cirque du Soleil, one of the most famous entertainment groups in the world, to TPG Capital, a private equity firm with global operations. Chinese investment group Fosun will also pick up a minority stake in Cirque, and plans to work with TPG in order to bring the […]

New Banking Merchant Category Codes No Miracle Solution to Online Gambling SNAFUs, Says Expert

New Banking Merchant Category Codes No Miracle Solution to Online Gambling SNAFUs, Says Expert

Philip Conneller - April 22nd, 2015

Last week’s launch of new Merchant Category Codes (MCC) for online poker card transactions brought with them hopes of a new boost for US regulated markets. But they are not a miracle solution to the credit card hiccups that have so stymied the industry, according to Matthew Katz, CEO of player verification software company CAMS, who has warned […]

Lock Poker Throws Away the Key on Millions Owed with Apparent Site Shutdown

Lock Poker Throws Away the Key on Millions Owed with Apparent Site Shutdown

Philip Conneller - April 20th, 2015

Lock Poker has been offline for three days, leading to speculation that the pariah poker site has shut down permanently. Lock has been suspected of insolvency for some time. Earlier this month, it reached the dubious milestone of a whole year since its last processed cashout, and it’s believed that the site owes its former […]

Pennsylvania Passes Anti-RAWA Resolution  

Pennsylvania Passes Anti-RAWA Resolution  

Philip Conneller - April 15th, 2015

As Pennsylvania prepares to hold its own hearing tomorrow (Thursday) to explore the potential of regulating online poker and casino games within its borders, its House Gaming Oversight Committee has passed a resolution (HR 140) that urges its federal delegation to fight RAWA. The resolution, primarily sponsored by State Representative John Payne who introduced one […]

Undercover Staten Island Cop Loses $50K in NYC Taxpayer Money Infiltrating Illegal Poker Games

Undercover Staten Island Cop Loses $50K in NYC Taxpayer Money Infiltrating Illegal Poker Games

Philip Conneller - April 14th, 2015

How do you fund a Staten Island illegal poker game infiltration? Apparently, with hard-earned tax payer revenues. And we’re not talking about a small 1-2 NL game either, because the total bankroll squandered by one undercover cop posing as a player at these games reportedly was close to $50,000. Where It All Began Our story […]

PokerStars’ Server Issues Sparks Criticism from Players

PokerStars’ Server Issues Sparks Criticism from Players

Daniel Smyth - April 13th, 2015

The tech wizards at PokerStars have been forced to work some serious magic this weekend after a series of server issues forced the site to suspend many of its games and issue refunds to thousands of players. Despite possessing an exemplary record when it comes to server reliability, PokerStars has been hit by a constant […]

Phil Ivey Stars in New Chrysler Ad

Phil Ivey Stars in New Chrysler Ad

Daniel Smyth - April 12th, 2015

If anyone was in doubt as to whether or not Phil Ivey is a celebrity in the true sense of the word then they need look no further than the new TV ad for the Chrysler 300. Unlike many “poker celebrities” that have made a name for themselves within the industry, Ivey is among a […]

Amaya Employees Under Investigation by Quebec Regulators for Alleged Improper Conduct in PokerStars Buyout

Amaya Employees Under Investigation by Quebec Regulators for Alleged Improper Conduct in PokerStars Buyout

Philip Conneller - April 9th, 2015

Three Amaya gaming employees are being investigated by the Quebec financial regulator Autorité des Marchés Financiers (AMF) for alleged improper conduct in the lead up to the company’s $43.9 billion takeover of PokerStars last year. The AMF was granted approval to confiscate computers and electronic security devices from the three staff members whose names have […]

New Online Gambling Bill In Pennsylvania Ahead of Hearings

New Online Gambling Bill In Pennsylvania Ahead of Hearings

Ed Scimia - April 8th, 2015

The Pennsylvania online poker field has just become a little more crowded, as a third bill to regulate iGaming in the state has been introduced. HB920, proposed by state Representative Tina Davis (D-Bucks County), would allow Pennsylvania to begin licensing and regulating online poker and casino games, but would come with some rules and restrictions […]

Borgata Chip Counterfeiter Christian Lusardi Sentenced to Five Years in Prison

Borgata Chip Counterfeiter Christian Lusardi Sentenced to Five Years in Prison

Daniel Smyth - April 8th, 2015

Christian Lusardi, the man caught trying to stuff counterfeit casino chips down the toilet at a New Jersey casino, will now be flushing commodes somewhere slightly less glamorous: Lusardi  has been sentenced to five years in prison for his crimes, and hit with a $1.1 million fine. The 43-year-old, who came to the attention of […]