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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.

Who’s on First? Bwin Bidding War Ratchets Up as 888 and GVC Come Nose to Nose with Proposals

Who’s on First? Bwin Bidding War Ratchets Up as 888 and GVC Come Nose to Nose with Proposals

Philip Conneller - September 1st, 2015

In the latest twist to the ongoing bwin.party acquisition saga, the UK’s Independent newspaper reported this weekend that bwin is due to recommend GVC’s takeover bid of $1.5 billion to its shareholders. Bwin.party seems to be sitting pretty right now. The company today posted an after-tax profit of €2.9 million ($3.2 million), a stark improvement […]

Playtech Celebrates Revenue Boosts in Everything But Online Poker, Says Global Regulatory Climate is Challenging

Playtech Celebrates Revenue Boosts in Everything But Online Poker, Says Global Regulatory Climate is Challenging

Ed Scimia - August 31st, 2015

Playtech, the world’s largest online gaming and sports betting software supplier (according to its own website) has reported a 33 percent gain in the company’s revenues for the first half of 2015. That’s compared to the previous year, a rise that included an improvement in the company’s performance in regulated markets. But the firm has […]

PKR CEO Neil Alexander Splits, Leaving Questions About Company’s Internal Politics with Third Turnover in a Year

PKR CEO Neil Alexander Splits, Leaving Questions About Company’s Internal Politics with Third Turnover in a Year

Daniel Smyth - August 30th, 2015

PKR, a major 3D online poker site, is bringing its third head honcho of the year on board, leading to speculation about what’s happening internally in the gaming operator’s politics. Former Sportingbet executive Neil Alexander is leaving his post as chief executive for unknown reasons to make way for incoming ex-bwin.party poker director Chris Welch […]

GVC Holdings Asked “What’s It Worth to You?” by Bwin.party in Last (Maybe) Stretch of Acquisition Battle

GVC Holdings Asked “What’s It Worth to You?” by Bwin.party in Last (Maybe) Stretch of Acquisition Battle

Daniel Smyth - August 27th, 2015

GVC Holdings is nothing if not determined when it comes to what’s become a tennis match of a business buyout. The back-and-forth battle for control of bwin.party took what could be its final twist this week after the gaming operator asked GVC Holdings to put its best bid on the table. Earlier this week, GVC […]

In Spain, Man Fakes His Own Kidnapping to Pay Off Poker Debts at Local Club

In Spain, Man Fakes His Own Kidnapping to Pay Off Poker Debts at Local Club

Ed Scimia - August 26th, 2015

Ever felt that sense of panic when you can’t make your payments? Why not fake your own kidnapping? That’s what one man in Spain thought would be a great idea, but like so many light bulb moments, this one quickly went dim. Everyone handles their gambling debts in different ways. Some people pay them off […]

Online Gambling Research Estimates 1 in 10 Adults Will Participate by 2019

Online Gambling Research Estimates 1 in 10 Adults Will Participate by 2019

Devin O'Connor - August 26th, 2015

Online gambling research is currently a rather active field as it’s the fastest growing form of gambling in the world according to the National Center for Responsible Gaming, and while its legalization is moving at a tortoise pace in the United States, a new study suggests its expansion on the global scale will mimic more […]

Paddy Power Betfair Deal Brings Together Two Internet Gambling Giants in Monster Merger

Paddy Power Betfair Deal Brings Together Two Internet Gambling Giants in Monster Merger

Ed Scimia - August 26th, 2015

Paddy Power Betfair may soon be an unstoppable force in the online gambling universe after a merger joining the two megapowers is finalized. Betfair and Paddy Power are already two of the better-known names in the world of gambling, especially in the United Kingdom. Now, the firms are set to join together to become one […]

Winamax Slashes Main Event Entry Fees in France After Record Low Day 1A

Winamax Slashes Main Event Entry Fees in France After Record Low Day 1A

Devin O'Connor - August 25th, 2015

Winamax made the drastic decision to cut fees for its showpiece weekly online Main Event after getting a poor turnout for its most recent Day 1A. Only 277 runners turned out for the €150 ($172) buyin tournament that carries a guaranteed prizepool of €100,000 ($114.7K). In reaction, the French-regulated site slashed 50 percent off the […]

Bwin.Party Could Get Higher Offer from GVC Holdings as Bidding War Escalates Yet Again

Bwin.Party Could Get Higher Offer from GVC Holdings as Bidding War Escalates Yet Again

Daniel Smyth - August 20th, 2015

Bwin.party continues to be at the epicenter of a major bidding war, as the fighting took another turn this week. Sources close to GVC Holdings say the gaming operator may make a final three-bet for bwin’s online poker, casino, and sports betting site. Having already made two previous offers for bwin, GVC could now be […]

PokerStars Spin & Go Tournaments Go Micro-Stakes in France and Spain

PokerStars Spin & Go Tournaments Go Micro-Stakes in France and Spain

Devin O'Connor - August 19th, 2015

PokerStars Spin & Gos are catering to the less-endowed financial crowd, though likely a much larger crop of players, announcing this week that it’s offering micro stakes for its popular lottery format in both France and Spain that will cost just €0.25 ($0.28) to enter. The decision to bring smaller bankrolls to Spin & Go […]

Delaware Reports Third Consecutive Month of Falling Online Poker Revenues

Delaware Reports Third Consecutive Month of Falling Online Poker Revenues

Ed Scimia - August 19th, 2015

Delaware’s online gambling network is now nearly two years old, and while it remains the smallest of the three markets for state-level Internet gaming in the United States, it is still generating revenue for the state’s casinos. But things haven’t gone so well on the online poker side of things, where rather than gaining a […]