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.

New Jersey Sets Record for Annual Online Gambling Revenue with Two Months to Spare

New Jersey Sets Record for Annual Online Gambling Revenue with Two Months to Spare

Chad Holloway - November 16th, 2017

For the eighth month in a row, New Jersey’s online gambling industry generated more than $20 million in revenue. As the state celebrates the fourth anniversary of legal internet play, […]

Stars Group Sets Sights on Pennsylvania After Strong Third Quarter

Stars Group Sets Sights on Pennsylvania After Strong Third Quarter

Chad Holloway - November 10th, 2017

The Stars Group, formerly known as Amaya and the parent company of PokerStars, saw net revenue surge in the third quarter of 2017 by 21.7 percent, to $329.4 million. They’re […]

Online Bookmaker Bet365 Experiences Record Revenue Year, Hitting $2.83 Billion

Online Bookmaker Bet365 Experiences Record Revenue Year, Hitting $2.83 Billion

Chad Holloway - November 8th, 2017

The latest fiscal year proved to be a good one for Bet365, as the online bookmaker saw revenue grow 30 percent from $2.17 billion to $2.83 billion. It marked the […]

Paradise Papers Reveal Offshore Interests of Betting Industry Power Players, Tony G among Them

Paradise Papers Reveal Offshore Interests of Betting Industry Power Players, Tony G among Them

Daniel Smyth - November 6th, 2017

The Paradise Papers detailing the offshore activities of the world’s richest companies and individuals features former poker-pro-turned-politician Antanas Guoga, known to us as Tony G. As the world starts to […]

Israel Tax Authority Targets Poker Pros Using Sites that Track Player Winnings

Israel Tax Authority Targets Poker Pros Using Sites that Track Player Winnings

Daniel Smyth - November 3rd, 2017

The Israel Tax Authority is in pursuit of poker players and their earnings, as the nation wrestles with how poker winnings (and expenses) should be taxed. In a bid to […]

Billionaires Sheldon Adelson, Andy Beal Climb Forbes List of Wealthiest Americans

Billionaires Sheldon Adelson, Andy Beal Climb Forbes List of Wealthiest Americans

Jon Sofen - October 24th, 2017

Forbes magazine recently released its newest rankings of the 400 wealthiest people in America, and two on the list have notable connections to the poker world. Sheldon Adelson and Andy […]

Doug Polk Bets on Cryptocurrency’s Future, Launches News Site CoinCentral.com

Doug Polk Bets on Cryptocurrency’s Future, Launches News Site CoinCentral.com

Jon Sofen - October 14th, 2017

Doug Polk is getting in on the cryptocurrency game. Earlier this week, he announced the launch of Coin Central, his new cryptocurrency news website. The project will keep the already […]

World Poker Tour Owner Ourgame Raising Capital to Step Into Japanese Market

World Poker Tour Owner Ourgame Raising Capital to Step Into Japanese Market

Daniel Smyth - October 13th, 2017

World Poker Tour owner Ourgame is looking to raise almost $55 million in a bid to expand its presence in countries such as Japan and Brazil, while also looking to […]

First Lawsuit Over Las Vegas Mass Shooting Blames MGM Resorts, Concert Promoter, Bump-Stock Maker

First Lawsuit Over Las Vegas Mass Shooting Blames MGM Resorts, Concert Promoter, Bump-Stock Maker

Jon Sofen - October 12th, 2017

A survivor of the Oct. 1 mass shooting in Las Vegas has filed a lawsuit against MGM Resorts, owner of Mandalay Bay, claiming the resort’s “negligence or gross negligence” played […]

Absolute Poker Founder Scott Tom Earnestly Goes to Jail, Serves 7-Day Sentence

Absolute Poker Founder Scott Tom Earnestly Goes to Jail, Serves 7-Day Sentence

John Reger - October 11th, 2017

The long-running case stemming from the infamous April 15, 2011, Black Friday indictment against Absolute Poker founder Scott Tom was resolved on Sept. 28, with the former fugitive sent to […]

Former NFL Star Clinton Portis Faces December Court Date in Borgata Suit to Recoup $170,000 Gambling Debt

Former NFL Star Clinton Portis Faces December Court Date in Borgata Suit to Recoup $170,000 Gambling Debt

Jon Sofen - October 8th, 2017

Phil Ivey isn’t the only one battling the Borgata in civil court. According to New Jersey court filings on Monday, former Washington Redskins running back Clinton Portis will be forced […]