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.

Stars Group to Expand Its Non-Poker Reach by Acquiring Sky Bet for $4.7 Billion

Stars Group to Expand Its Non-Poker Reach by Acquiring Sky Bet for $4.7 Billion

Daniel Smyth - April 23rd, 2018

PokerStars’ parent company The Stars Group is set to buy British betting operator Sky Bet and its sister sites for a reported $4.7 billion. Insiders speaking to the UK’s leading […]

Leon Tsoukernik Files Amended Countersuit Against Matt Kirk Alleging Conspiracy with Aria to Suck Whales Dry

Leon Tsoukernik Files Amended Countersuit Against Matt Kirk Alleging Conspiracy with Aria to Suck Whales Dry

Jon Sofen - April 17th, 2018

Instead of paying Aussie Matt Kirk back the $3 million he borrowed during a 2017 late-night poker session at Aria in Las Vegas, King’s Casino owner Leon Tsoukernik has filed […]

Amaya Inc Founder David Baazov Again Attempts to Have Insider Trading Case Dismissed

Amaya Inc Founder David Baazov Again Attempts to Have Insider Trading Case Dismissed

Jon Sofen - April 17th, 2018

A Canadian court has again temporarily delayed the trial of David Baazov, the former CEO of Amaya Inc., now The Stars Group, while the judge considers defense arguments that procedural […]

Playtech Makes Billion Dollar Bid for Italy’s Largest Gaming Company

Playtech Makes Billion Dollar Bid for Italy’s Largest Gaming Company

Daniel Smyth - April 15th, 2018

British firm Playtech has agreed to a deal with Italy’s largest gaming company in a bid to offset recent losses and increase its presence in regulated markets. Under the terms […]

Las Vegas Poker Revenue Up, with February Cash Games Raking $8.1 Million

Las Vegas Poker Revenue Up, with February Cash Games Raking $8.1 Million

Jon Sofen - April 2nd, 2018

The poker boom may be behind us, but Las Vegas remains a popular place to play cards. During the month of February, Sin City’s poker rooms raked in $8.11 million […]

Richard Branson Buys Las Vegas Hard Rock, Bringing Virgin Hotels to Sin City

Richard Branson Buys Las Vegas Hard Rock, Bringing Virgin Hotels to Sin City

Daniel Smyth - April 2nd, 2018

Richard Branson and his Virgin brand are set to take up residence in Las Vegas after the British billionaire announced his takeover of the Hard Rock Hotel and Casino. Partnering […]

UKGC Calls for Faster Payouts to Online Gambling Winners

UKGC Calls for Faster Payouts to Online Gambling Winners

Daniel Smyth - March 19th, 2018

The UK Gambling Commission’s long-awaited report on fixed odds betting terminals (FOBTs) has revealed some changes for the country’s online poker players that will TK. The government-backed triennial report was designed […]

California Poker Pro Indicted on Charges of Running $6.2 Million Super Bowl Ticket Scam

California Poker Pro Indicted on Charges of Running $6.2 Million Super Bowl Ticket Scam

Jon Sofen - March 16th, 2018

A California poker pro faces two felony counts of wire fraud for allegedly scamming investors out of $6.2 million, using the money intended to buy and sell Super Bowl tickets […]

Stars Group Buys Majority Interest in CrownBet Online Sportsbook for $118M

Stars Group Buys Majority Interest in CrownBet Online Sportsbook for $118M

Jon Sofen - February 27th, 2018

The online poker industry isn’t booming like it was when the Scheinberg family ran PokerStars. So now the online poker site’s parent company, The Stars Group, isn’t putting all its […]

Phil Hellmuth to Promote Relaunched YouStake, Starts by Selling 60 Percent of His WPT LAPC Action

Phil Hellmuth to Promote Relaunched YouStake, Starts by Selling 60 Percent of His WPT LAPC Action

Chad Holloway - February 16th, 2018

Phil Hellmuth has never been one to shy away from representing a brand. He’s chomped down on a Carl’s Jr. burger on television, has had his mug plastered across Milwaukee’s […]

Steve Wynn Resigns as CEO of His Own Company Amid Allegations of Coercive Sex with Employees

Steve Wynn Resigns as CEO of His Own Company Amid Allegations of Coercive Sex with Employees

Jon Sofen - February 7th, 2018

It took Steve Wynn more than three decades to build a casino empire that forever changed the face of Las Vegas, and less than two weeks to see his stature […]