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.

Nevada Poker Rooms Match 2015 Revenues in October

Nevada Poker Rooms Match 2015 Revenues in October

Jon Sofen - December 4th, 2016

Nevada poker rooms raked in $8.7 million in revenue during the month of October, matching last year’s mark for the same month. The Silver State has more card rooms (65) […]

Phil Ivey and Kelly Sun Push Back Against Borgata $15.5 Million Claim

Phil Ivey and Kelly Sun Push Back Against Borgata $15.5 Million Claim

Philip Conneller - December 2nd, 2016

Phil Ivey and “Kelly” Cheng Yin Sun have fired back a salvo in their ongoing $9.6 million legal battle with the Borgata Casino in Atlantic City. The pair won the […]

Caesars Las Vegas Joins the “Pay to Park” Bandwagon, But Will WSOP Entrants Have to Shell Out Next Summer?

Caesars Las Vegas Joins the “Pay to Park” Bandwagon, But Will WSOP Entrants Have to Shell Out Next Summer?

Jon Sofen - November 30th, 2016

Caesars Entertainment owns nine properties on or near the Las Vegas Strip. Parking at each of these casino resort hotels has always been free. But that’s about to change. Will […]

David Baazov Pushes Forward with Amaya Buyout Bid, Despite Being Down Two “Investors”

David Baazov Pushes Forward with Amaya Buyout Bid, Despite Being Down Two “Investors”

Philip Conneller - November 28th, 2016

You have to give David Baazov props for never giving up. Despite having been outed by a Dubai firm he’d included on his original Amaya buyout bid as having incorrectly […]

PokerStars Pro Neymar Facing Two Years in Spanish Prison for Alleged Role in Corruption Case

PokerStars Pro Neymar Facing Two Years in Spanish Prison for Alleged Role in Corruption Case

Jon Sofen - November 23rd, 2016

A Spanish prosecutor wants to put soccer superstar and PokerStars TeamSports Pro Neymar behind bars for his alleged role in a 2013 corruption case involving his transfer from Santos to […]

David Baazov’s Supposed Backer on Private Bid “Never Heard of Amaya”

David Baazov’s Supposed Backer on Private Bid “Never Heard of Amaya”

Philip Conneller - November 22nd, 2016

UPDATE – Wednesday, November 23 – Former Amaya CEO David Baazov today admitted that KBC Aldini Capital Ltd, the Dubai firm he had claimed was part of his capital funding […]

NETELLER and Skrill Backing Out of 100 Countries, Could Impact Online Poker Sites

NETELLER and Skrill Backing Out of 100 Countries, Could Impact Online Poker Sites

Jon Sofen - November 21st, 2016

NETELLER and Skrill, two commonly used payment options at many popular online poker sites, will no longer be providing prepaid MasterCard services to customers in 100 countries, their parent company […]

New Jersey Online Gambling Economy Enjoys Impressive Year-On-Year Growth

New Jersey Online Gambling Economy Enjoys Impressive Year-On-Year Growth

Daniel Smyth - November 18th, 2016

Online gambling in New Jersey enjoyed an impressive upswing in October despite live gaming revenue slipping by almost three percent. According to the latest financial report from the New Jersey […]

Ex-Amaya CEO David Baazov Makes $2.56 Billion Private Bid for Gaming Company

Ex-Amaya CEO David Baazov Makes $2.56 Billion Private Bid for Gaming Company

Philip Conneller - November 14th, 2016

David Baazov, who once led the very company he is now trying to buy out, has made a formal offer to buy the PokerStars parent for CAD$3.48 billion (US$2.56 billion). […]

YouStake Seeks Crowdfunding License to Become GoFundMe of Poker World

YouStake Seeks Crowdfunding License to Become GoFundMe of Poker World

Chad Holloway - November 13th, 2016

YouStake is a great resource for poker players looking to either buy or sell action. The site has established itself as one of industry’s premiere backing marketplaces, but still, concerns […]

Phil Ivey Gets $15.5 Million Pay Up Directive from Borgata Over Edge-Sorting Case

Phil Ivey Gets $15.5 Million Pay Up Directive from Borgata Over Edge-Sorting Case

Philip Conneller - November 11th, 2016

Phil Ivey could be facing a $15.5 million bill from the Borgata in Atlantic City, if the courts swallow the argument that the casino should be paid “expectation” damages. The […]