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.

Maryland Poker Expansion Pays Dividends with Revenue Growth

Maryland Poker Expansion Pays Dividends with Revenue Growth

John Reger - May 15th, 2017

Maryland casinos have four poker rooms and 124 tables. Collectively they raked more than $3.7 million for the month of April. That’s nearly a 24 percent increase compared to April […]

UK Regulators Investigating 888 for Responsible Gaming Violations

UK Regulators Investigating 888 for Responsible Gaming Violations

Daniel Smyth - May 15th, 2017

The stock price for 888 Holdings (LON: 888) took its biggest hit in almost a year on Monday, after an announcement that the UK Gambling Commission (UKGC) was investigating one […]

Amaya Aims for the Stars, Toronto, and New Leadership

Amaya Aims for the Stars, Toronto, and New Leadership

Daniel Smyth - May 12th, 2017

Amaya has just announced its first quarter profits for 2017, and things are going better than expected, thanks to PokerStars. Perhaps that’s what’s spurred the announcement of an impending corporate […]

Financial Difficulties Force 3D Poker Innovator PKR to Fold

Financial Difficulties Force 3D Poker Innovator PKR to Fold

Daniel Smyth - May 5th, 2017

PKR has been forced to shut down its online poker operation after running into financial difficulties, according to a message on the site’s homepage. The extent of PKR’s money troubles […]

Feds Seize Property Worth $6 Million from Texas Family Pegged for Running Illegal Sports Betting Biz

Feds Seize Property Worth $6 Million from Texas Family Pegged for Running Illegal Sports Betting Biz

John Reger - May 3rd, 2017

Federal authorities have accused the owner of a used car dealership in Beaumont, Texas, of running a multimillion-dollar illegal sports betting enterprise. Attorneys for the IRS and Department of Homeland […]

Nevada Gaming Revenues Jump on March Madness Betting Gains

Nevada Gaming Revenues Jump on March Madness Betting Gains

Daniel Smyth - April 29th, 2017

The Nevada Gaming Control Board (GCB) released its latest monthly revenue report last week. Casinos across the state won more than $991 million from bettors in March, reflecting gains of […]

Android Ethereum Cryptocurrency Poker App Offers New Options for Online Players

Android Ethereum Cryptocurrency Poker App Offers New Options for Online Players

Daniel Smyth - April 23rd, 2017

Ethereum (ETH) is getting ready to shake up mobile poker players’ worlds. It’s the latest in the world of cryptocurrency, now dominated by Bitcoin, of course. Cryptocurrency poker has been […]

Players Poker Championship Co-Founder Bryan Oulton Files for Chapter 7 Bankruptcy with Almost $900K in Debts

Players Poker Championship Co-Founder Bryan Oulton Files for Chapter 7 Bankruptcy with Almost $900K in Debts

Daniel Smyth - April 17th, 2017

Bryan Patrick Oulton, co-founder of the Players Poker Championship (PPC) Poker Tour, has filed for Chapter 7 bankruptcy, declaring debts totaling $891,701. Problems for Oulton and the PPC began last […]

PokerStars Acquisition in 2014 May Have Involved Insider Trading

PokerStars Acquisition in 2014 May Have Involved Insider Trading

Jon Sofen - April 13th, 2017

PokerStars doesn’t need more bad publicity. But the online poker giant just got some. The Ontario Securities Commission (OSC) has alleged investors from two financial firms were illegally tipped off […]

Absolute Poker Finally Paying Players Money Owed for Past Six Years

Absolute Poker Finally Paying Players Money Owed for Past Six Years

Jon Sofen - April 11th, 2017

Former Absolute Poker players: we have some good news to share. Customers of the defunct online poker site may soon receive money owed them since April 15, 2011, aka “Black […]

Gambling in China On the Slide According to Hong Kong Survey

Gambling in China On the Slide According to Hong Kong Survey

Daniel Smyth - April 10th, 2017

Gambling in China is on the decline according to a recent study carried out by the Ping Wo Fund. As outlined by an official press release published on April 5, […]