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.

Tiny Delaware Struggles Most Among States with Legal Online Poker

Tiny Delaware Struggles Most Among States with Legal Online Poker

Jon Sofen - January 20th, 2018

Online gambling activity in Delaware has dwindled so much so that few would even notice if it suddenly ceased to exist. After finishing the year with a lousy December performance, […]

Annual Revenue for Partypoker Parent GVC Holdings Tops €1 Billion with Ladbrokes Coral Tie-Up in Sight

Annual Revenue for Partypoker Parent GVC Holdings Tops €1 Billion with Ladbrokes Coral Tie-Up in Sight

Daniel Smyth - January 12th, 2018

GVC Holdings has shown its financial might ahead of a proposed takeover of Ladbrokes Coral thanks to recent annual sales figures surpassing €1 billion ($1.2 billion). With an offer of […]

Daniel Negreanu Loses Money in 2017 Despite $2.7M in Tourney Wins, Shares Goals for 2018

Daniel Negreanu Loses Money in 2017 Despite $2.7M in Tourney Wins, Shares Goals for 2018

Chad Holloway - January 3rd, 2018

Daniel Negreanu published two blog posts over the New Year, revealing both his year-end results for 2017, and his poker goals for 2018. Many were surprised to learn that 2017 […]

Poker Operator Changes in 2017: Switchups, Mergers, Bankruptcies, and Scandal

Poker Operator Changes in 2017: Switchups, Mergers, Bankruptcies, and Scandal

Philip Conneller - December 31st, 2017

PokerStars parent Amaya changed its name to The Stars Group in 2017, and upped sticks to Toronto from its traditional base in Montreal. It was more than a symbolic move […]

Going Crazy: 2017 Poker Moments We Thought We’d Never See

Going Crazy: 2017 Poker Moments We Thought We’d Never See

John Reger - December 29th, 2017

The world of poker seems to attract eccentric people and wild situations, 2017 saw plenty of both. The year saw card players receive money they never thought would ever come […]

Bitcoin Plunges, Putting Some Poker Players on Crypto-Tilt

Bitcoin Plunges, Putting Some Poker Players on Crypto-Tilt

Jon Sofen - December 22nd, 2017

All year long, Bitcoin has been the gift that keeps on giving. But days before the largest gift-giving holiday in the world, the only thing the cryptocurrency is giving its […]

Boyd Gaming to Acquire Valley Forge Casino in Pennsylvania, Just in Time for Online Gambling Push

Boyd Gaming to Acquire Valley Forge Casino in Pennsylvania, Just in Time for Online Gambling Push

Chad Holloway - December 21st, 2017

Boyd Gaming announced on Wednesday that it would purchase Pennsylvania’s Valley Forge Casino Resort in King of Prussia for $280.5 million. The acquisition, which isn’t expected to close until Q3 of […]

Web Domain Poker.com Is for Sale: Buy It Now for $20 Million?

Web Domain Poker.com Is for Sale: Buy It Now for $20 Million?

Jon Sofen - December 20th, 2017

Are you seeking a poker domain for Christmas? Maybe you have a friend or family member who loves poker and building search-engine-optimized websites? Then you’re in luck, because Poker.com is […]

Station Casinos Refuses to Pay $120K Bad Beat Jackpot, Nevada Gaming Control Board to Make Ruling

Station Casinos Refuses to Pay $120K Bad Beat Jackpot, Nevada Gaming Control Board to Make Ruling

Jon Sofen - December 14th, 2017

Station Casinos is refusing to pay out on a $120,000 bad beat poker jackpot hit on July 7 at Red Rock Resort in Las Vegas, citing a technicality. But the […]

Feds Recover Money Laundered by Former Full Tilt Poker CEO Ray Bitar

Feds Recover Money Laundered by Former Full Tilt Poker CEO Ray Bitar

Jon Sofen - December 12th, 2017

During his time as the Full Tilt Poker CEO, Ray Bitar laundered money through the Channel Island of Guernsey, and $12.6 million of those funds have now been turned over […]

Partypoker Owners GVC Holdings Back in Talks with Ladbrokes Coral Over Potential $5.2 Billion Merger

Partypoker Owners GVC Holdings Back in Talks with Ladbrokes Coral Over Potential $5.2 Billion Merger

Chad Holloway - December 7th, 2017

GVC Holdings entered talks to takeover British bookmaker Ladbrokes Coral last December, but they quickly broke down. Fast forward a year, and those talks have started again. If a takeover is […]