CardsChat.com Financial News For Poker & Gambling Industries

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 Sports Betting Revenues Outstrip Online Poker in July

New Jersey Sports Betting Revenues Outstrip Online Poker in July

CardsChat News - August 15th, 2018

New Jersey casinos and racetracks earned more than $3.8 million in revenue from sports betting in July, a figure that is more than double the amount made from online poker […]

More Rake is Better: PokerStars Scoops $217M in Online Poker Revenue for 2018 Q2

More Rake is Better: PokerStars Scoops $217M in Online Poker Revenue for 2018 Q2

Jon Sofen - August 14th, 2018

Maybe Daniel Negreanu is onto something when he suggests that “more rake is better.” PokerStars reported $217 million in rake during 2018 Q2, a nearly 7 percent increase compared to last year. […]

Poker Boom 2.0? Nevada Revenues for June Come Close to 2007 Record

Poker Boom 2.0? Nevada Revenues for June Come Close to 2007 Record

CardsChat News - August 2nd, 2018

Poker tables may be steadily disappearing all across Nevada, but the game appears to be as popular as ever, at least according to the latest figures from Nevada gaming regulators. […]

GVC Holdings to Partner with MGM Resorts in $200 Million US  Sports Betting Venture

GVC Holdings to Partner with MGM Resorts in $200 Million US Sports Betting Venture

Daniel Smyth - July 30th, 2018

Partypoker parent company GVC Holdings and the world’s largest casino operator, MGM Resorts, are in the final stages of completing a sports betting partnership worth a reported $200 million. According […]

Bets Pour in to New Jersey Sportsbooks during Opening Month of Wagers

Bets Pour in to New Jersey Sportsbooks during Opening Month of Wagers

CardsChat News - July 25th, 2018

The Meadowlands Racetrack in New Jersey accepted $3.5 million in sports bets in the first nine days of operation for the FanDuel Sportsbook — impressive considering that the launch period […]

PokerStars-SkyBet Merger on Hold Over Market Monopolization Concerns from UK Watchdog

PokerStars-SkyBet Merger on Hold Over Market Monopolization Concerns from UK Watchdog

CardsChat News - July 18th, 2018

A PokerStars Skybet alliance is on hold, and online poker players hoping to place their bets through one of the UK’s biggest sports book will have to wait at least […]

New Jersey Online Poker Revenues Show Mixed Results from Interstate Play

New Jersey Online Poker Revenues Show Mixed Results from Interstate Play

Daniel Smyth - July 15th, 2018

Online poker sites in New Jersey experienced mixed fortunes in June with interstate liquidity sharing entering its second month. According to the latest revenue report from the New Jersey Division […]

Nevada Poker Revenues Up Three Percent in May Ahead of Annual WSOP Bump

Nevada Poker Revenues Up Three Percent in May Ahead of Annual WSOP Bump

CardsChat News - July 3rd, 2018

According to data from the Nevada Gaming Control Board, year-over-year poker revenues were up 2.85 percent in May, even as the number of tables in the state continued its downward […]

New Jersey Online Poker Revenues Flat After First Month of Shared Liquidity

New Jersey Online Poker Revenues Flat After First Month of Shared Liquidity

CardsChat News - June 22nd, 2018

Online poker revenues in New Jersey have seen some ups and downs in 2018, and the minor fluctuations continued in May, even though many expected the first month with shared […]

New Partypoker.eu Platform Goes Live in France and Spain

New Partypoker.eu Platform Goes Live in France and Spain

Daniel Smyth - June 4th, 2018

Partypoker has launched its new Franco-Spanish site along with a selection of special reduced rake bounty tournaments. After receiving the go ahead to offer shared games between its dot.es and […]

Spain Online Poker Revenues Spike Under New Shared EU Liquidity Agreement

Spain Online Poker Revenues Spike Under New Shared EU Liquidity Agreement

CardsChat News - June 3rd, 2018

The Spanish online poker market is red hot in the early months of 2018, and a big reason why is the new and growing player pool it shares with other […]