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.

‘Aussie Matt’ Suing King’s Casino Owner Over Unpaid $2 Million Table Loan

‘Aussie Matt’ Suing King’s Casino Owner Over Unpaid $2 Million Table Loan

Jon Sofen - June 27th, 2017

Matt Kirk, known in the high-stakes poker community as “Aussie Matt,” has filed a lawsuit against King’s Casino owner Leon Tsoukernik for $2 million over an unpaid loan. The poker […]

FTC Moves to Squash DraftKings and FanDuel Merger

FTC Moves to Squash DraftKings and FanDuel Merger

Jon Sofen - June 20th, 2017

The US Federal Trade Commission wants to stop a pending merger between daily fantasy sports giants DraftKings and FanDuel. Should the two companies merge, the two sites would control more […]

Cloud Hangs Over PokerTribe.com Following Federal Investigation

Cloud Hangs Over PokerTribe.com Following Federal Investigation

Daniel Smyth - May 29th, 2017

PokerTribe.com, the US Tribal poker site that’s seen its launch date pushed back numerous times, is now linked to a federal investigation. According to a recent report by the Oklahoman.com, […]

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 […]