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.

Pennsylvania Poker Rooms Scoop $4.9 Million in Revenue During February

Pennsylvania Poker Rooms Scoop $4.9 Million in Revenue During February

Jon Sofen - March 26th, 2017

Pennsylvania poker rooms raked in approximately $4.9 million in revenue during the month of February. There was virtually no change from the same time period as last year. That means […]

Libratus Poker Win Paves Way for Microsoft Minecraft Challenge

Libratus Poker Win Paves Way for Microsoft Minecraft Challenge

Daniel Smyth - March 20th, 2017

When Libratus beat four established poker pros, it not only shocked the community but paved the way for a new generation of artificial intelligence (AI) challenges. Although the pursuit of […]

Sheldon Adelson Rumor: Casino Mogul Wants Wynn Resort, Steve Wynn’s Stocks Get a Boost

Sheldon Adelson Rumor: Casino Mogul Wants Wynn Resort, Steve Wynn’s Stocks Get a Boost

Jon Sofen - March 19th, 2017

Sheldon Adelson is reportedly interested in obtaining ownership of Wynn-Encore Casino Resort in Las Vegas. After the rumors began swirling of the casino mogul’s interest in the property, Steve Wynn’s […]

Full Flush Poker Domain Purchase, But It’s Not What You Think

Full Flush Poker Domain Purchase, But It’s Not What You Think

Jon Sofen - March 13th, 2017

The Full Flush Poker domain has been purchased by an unknown “affiliate,” but there won’t be any games to play. The defunct online poker site mysteriously disappeared last October, leaving […]

Amaya Ex-CEO David Baazov Sells Off Multimillions in Company Stock, Causing Some to Wonder “Why Now?”

Amaya Ex-CEO David Baazov Sells Off Multimillions in Company Stock, Causing Some to Wonder “Why Now?”

Jon Sofen - March 9th, 2017

David Baazov’s stake in PokerStars’ parent company has been substantially cut down. The former Amaya Inc. CEO has sold off CAD$133 million (US$98.43 million) worth of stocks in the business […]

No Love for Amaya Co-Founder David Baazov, as Lenders Restructure Debt with Keeping Him Away in Mind

No Love for Amaya Co-Founder David Baazov, as Lenders Restructure Debt with Keeping Him Away in Mind

Jon Sofen - March 7th, 2017

Amaya, Inc.’s lenders are restructuring its debt, and they don’t want its former leader David Baazov to take advantage of that fact. PokerStars’ parent company’s backers want to keep its […]

UK Gambling Now Reaches Almost 50 Percent of the Population

UK Gambling Now Reaches Almost 50 Percent of the Population

Daniel Smyth - March 5th, 2017

Gambling in the UK is now enjoyed by almost half of the population according to a study published on February 28 by the UK Gambling Commission (UKGC). Continuing its mission […]

November Court Date Set in Quebec for Amaya Founder David Baazov, Regulator Has Charged Ex-CEO with Insider Trading Violations

November Court Date Set in Quebec for Amaya Founder David Baazov, Regulator Has Charged Ex-CEO with Insider Trading Violations

Jon Sofen - March 1st, 2017

Former Amaya Inc. CEO David Baazov will likely no longer be able to avoid stepping into a courtroom. The founder of the company that owns PokerStars, the world’s largest online […]

Pechanga Poker Room Helps Local Pantry Feed the Homeless

Pechanga Poker Room Helps Local Pantry Feed the Homeless

Jon Sofen - February 28th, 2017

There are millions of homeless people around the country starving. The Pechanga poker room in Temecula, California has played a small, yet significant, role in helping fix this problem. Poker […]

Brandon Cantu Says Top Poker Pros Owe Him Money, Defends Debt to Jason Mercier

Brandon Cantu Says Top Poker Pros Owe Him Money, Defends Debt to Jason Mercier

Jon Sofen - February 20th, 2017

Brandon Cantu claims he’s owed upwards of $1 million from some fellow poker players. But, unlike his rival Jason Mercier, he won’t release their names publicly. The poker pro also […]

Pennsylvania Poker Rooms Raking in Profits, Hungry for More

Pennsylvania Poker Rooms Raking in Profits, Hungry for More

John Reger - February 19th, 2017

Profits for Pennsylvania poker rooms continue to increase and the state is anticipating even more growth with passage of a gaming bill that is making its way through the Legislature. […]