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.

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 […]
Nevada Sportsbooks Set Revenue Record Despite New Out-of-State Competition

Nevada Sportsbooks Set Revenue Record Despite New Out-of-State Competition

Jon Sofen - October 31st, 2018
September was a record-setting month for Nevada sportsbooks. Despite new sports betting competition out-of-state, the Silver State raked in a one-month best $56.3 million in profits and $571 million in […]
Some Players Still Struggling to Recover Account Balances from Absolute Poker, Ultimate Bet

Some Players Still Struggling to Recover Account Balances from Absolute Poker, Ultimate Bet

CardsChat News - October 24th, 2018
Early last year, the Garden City Group (GCG) began reimbursing players who had lost their account balances when Absolute Poker and Ultimate Bet went under following the events of Black […]
Partypoker Upgrades Player Fund Protection in the UK After Facing Criticism

Partypoker Upgrades Player Fund Protection in the UK After Facing Criticism

CardsChat News - October 23rd, 2018
Partypoker upgraded its declaration of the steps it takes to protect customer deposits, allowing the company to qualify for a “medium” designation of protection under UK Gambling Commission (UKGC) rules. […]