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.

New Jersey Online Gambling Continues Rapid Growth in March, But Poker Isn’t Benefitting

New Jersey Online Gambling Continues Rapid Growth in March, But Poker Isn’t Benefitting

CardsChat News - April 15th, 2019
New Jersey online casinos raked in more revenue than ever in March, setting new records that far surpassed the previous highs for the state market. But unfortunately for fans of […]
Rhode Island Sportsbooks Lose $900K in February to Fall Further Behind Optimistic Projections

Rhode Island Sportsbooks Lose $900K in February to Fall Further Behind Optimistic Projections

CardsChat News - April 2nd, 2019
States have shown much more interest in authorizing sports betting than online poker since the Supreme Court overturned the Professional and Amateur Sports Protection Act last year, with many citing […]
David Baazov Fires Back at Quebec Securities Regulator with $2 Million Lawsuit

David Baazov Fires Back at Quebec Securities Regulator with $2 Million Lawsuit

CardsChat News - March 27th, 2019
Former Amaya CEO David Baazov has opened a $2 million lawsuit against Quebec’s securities regulator in response to the insider trading lawsuit those authorities pursued unsuccessfully against him beginning in […]
Dropped Poker Pots Fail to Dampen Record Year for 888 Holdings

Dropped Poker Pots Fail to Dampen Record Year for 888 Holdings

Daniel Smyth - March 12th, 2019
888 Holdings enjoyed a record year in 2018 despite online poker revenue taking a dive along with the group’s overall revenue. Although overall revenue took a 2 percent hit last […]
Poker Player Rich Alati Talks About Spending 20 Days in Solitary Confinement for Prop Bet

Poker Player Rich Alati Talks About Spending 20 Days in Solitary Confinement for Prop Bet

CardsChat News - December 19th, 2018
The solitary confinement prop bet between poker players Rich Alati and Rory Young gained lots of attention even beyond the poker community, as Alati managed to survive for 20 of […]
DFS Pro Tom Crowley Donates $1.1M in Winnings to Dan Smith Charity Drive

DFS Pro Tom Crowley Donates $1.1M in Winnings to Dan Smith Charity Drive

CardsChat News - December 18th, 2018
Dan Smith’s Double Up Drive, a campaign that benefits 10 different charities, received a major boost this weekend when daily fantasy sports pro Tom Crowley donated half of his winnings […]
New Jersey Online Gambling Soars in November, But Online Poker Still Floundering

New Jersey Online Gambling Soars in November, But Online Poker Still Floundering

CardsChat News - December 17th, 2018
New Jersey continued to set new records for online gambling revenues in November, but poker sites aren’t sharing in the good times. Overall, online gambling sites in New Jersey earned […]
Poker Twitter Noticeably Silent as Bitcoin Plunge Continues

Poker Twitter Noticeably Silent as Bitcoin Plunge Continues

Jon Sofen - December 11th, 2018
If you’ve paid attention to Poker Twitter recently, you may have noticed the banter has changed a bit because of the recent Bitcoin plunge. Many poker players are invested in […]
Las Vegas Game-Changer in the Works? Caesars and MGM Reportedly Considering Merger

Las Vegas Game-Changer in the Works? Caesars and MGM Reportedly Considering Merger

Jon Sofen - November 6th, 2018
There’s a rumor going around that, if true, would change the face of gambling in Las Vegas and Atlantic City. Caesars Entertainment and MGM Resorts International are reportedly discussing a […]
Litecoin Founder Charlie Lee: Cryptocurrency and Poker Are Perfect Partners

Litecoin Founder Charlie Lee: Cryptocurrency and Poker Are Perfect Partners

Daniel Smyth - November 5th, 2018
Litecoin founder Charlie Lee has given his take on cryptocurrency in the poker world as well as his thoughts on the game as a whole during a recent interview. Talking […]
Zynga Poker Problems Lead to Disappointing Third Quarter Financial Figures for Social Gaming Giant

Zynga Poker Problems Lead to Disappointing Third Quarter Financial Figures for Social Gaming Giant

CardsChat News - November 1st, 2018
Zynga Inc fell short of financial forecasts for the third-quarter, reporting reduced earnings in part because of problems with its long-running Zynga Poker product. The San Francisco-based software developer hit […]