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.

Las Vegas Drives Another Month of Gaming Revenue Gains for Nevada

Las Vegas Drives Another Month of Gaming Revenue Gains for Nevada

Daniel Smyth - September 2nd, 2019
Nevada enjoyed its second straight month of gaming revenue gains thanks to slot spinners and poker players in Las Vegas. Although the summer is traditionally a busy time for Las […]
New Jersey Online Poker Enjoys Much-Needed Growth in July

New Jersey Online Poker Enjoys Much-Needed Growth in July

CardsChat News - August 19th, 2019
New Jersey online poker sites brought in $1.89 million in July, marking both a monthly and annual increase for the sector. That was part of another record month for New […]
World Series of Poker Events Fail to Provide Bump for New Jersey Online Poker

World Series of Poker Events Fail to Provide Bump for New Jersey Online Poker

CardsChat News - July 16th, 2019
New Jersey poker players may have had the opportunity to play for a World Series of Poker bracelet from the comfort of their own homes, but that didn’t do much […]
New Jersey Online Poker Profits Up but Annual Total Still Shows Worrying Trend

New Jersey Online Poker Profits Up but Annual Total Still Shows Worrying Trend

Daniel Smyth - June 17th, 2019
New Jersey’s online poker sector enjoyed a monthly upswing in May but annual results are still on a downward trajectory. According to the latest results released by the New Jersey […]
Poker Profits Continue to Slide for 888 amid Challenging Conditions

Poker Profits Continue to Slide for 888 amid Challenging Conditions

Daniel Smyth - June 4th, 2019
Challenging conditions have contributed to a 28 percent decline in poker revenue for 888 during the first five months of 2019. Publishing a trading update on June 4, the gaming […]
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 […]