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.

ESports Betting Site Herosphere Launching Herocoin, New Digital Currency Hitting Market as Bitcoin Soars

ESports Betting Site Herosphere Launching Herocoin, New Digital Currency Hitting Market as Bitcoin Soars

Daniel Smyth - September 4th, 2017

Herosphere, an Austrian-based eSports wagering site, is preparing to give Bitcoin and Ethereum a run for their money with a competitive gambling currency called HEROcoin. For those who missed out […]

In Wake of Typhoon Hato, Macau Casino Owners Collectively Donate $27 Million for Cleanup and Recovery Efforts

In Wake of Typhoon Hato, Macau Casino Owners Collectively Donate $27 Million for Cleanup and Recovery Efforts

John Reger - September 4th, 2017

Typhoon Hato couldn’t keep most of Macau’s casinos down for long, as they largely rebounded quickly from the worst such storm to hit the area in 53 years. But the […]

Hot Summer for Poker in Nevada as July Table Revenues Rise

Hot Summer for Poker in Nevada as July Table Revenues Rise

Jon Sofen - September 2nd, 2017

Nevada poker rooms made more money in July than Scott Blumstein did. But the 2017 WSOP champ may have had something to do with poker in the Silver State’s growing […]

Mayweather-McGregor Megafight: Who Were Real Winners and Losers?

Mayweather-McGregor Megafight: Who Were Real Winners and Losers?

John Reger - August 28th, 2017

The heavily hyped battle between Floyd Mayweather and Conor McGregor was billed as one of the biggest fights of the century, and for the most part it lived up to […]

Tony G Wants to Build a Bridge Between Bitcoin and Banking

Tony G Wants to Build a Bridge Between Bitcoin and Banking

Daniel Smyth - August 27th, 2017

Tony G’s life outside of poker has taken another interesting turn. This time he’s trying to help mainstream cryptocurrencies, such as Bitcoin and Ethereum, by advising a startup that seeks […]

Another Pro Accuses King’s Casino Owner Leon Tsoukernik of Not Paying Millions in Poker Debts

Another Pro Accuses King’s Casino Owner Leon Tsoukernik of Not Paying Millions in Poker Debts

John Reger - August 23rd, 2017

The winner of October’s Monte-Carlo One Drop Extravaganza is now the second player to publicly accuse the owner of King’s Casino in the Czech Republic of not being good for […]

Lackluster July Numbers for New Jersey Poker, Live and Online

Lackluster July Numbers for New Jersey Poker, Live and Online

Jon Sofen - August 21st, 2017

July was another ho-hum month for poker in New Jersey, in the face of continued upticks from both live and online casino play in the state. The latest figures from […]

PokerStars Makes Big Splash in Online Slots with Million-Dollar Jackpot Hits on Consecutive Days

PokerStars Makes Big Splash in Online Slots with Million-Dollar Jackpot Hits on Consecutive Days

John Reger - August 18th, 2017

Two gamblers playing Millionaires Island, an online slot game offered by PokerStars Casino, hit million dollar jackpots on consecutive days, PokerStars announced on Thursday. They were the third and fourth […]

PokerStars Explains Its Turn Away from Serious Players as Revenues Shift

PokerStars Explains Its Turn Away from Serious Players as Revenues Shift

Daniel Smyth - August 11th, 2017

PokerStars needed to become more entertaining to the masses, Stars Group CEO Rafi Ashkenazi said, which is why his company has shifted its focus away from efforts that appeal to […]

PokerStars Finding More Profit in Non-Poker Endeavors

PokerStars Finding More Profit in Non-Poker Endeavors

Daniel Smyth - August 10th, 2017

Poker revenue at PokerStars has taken a dive in 2017, and it’s a sign of shifting attentions at the world’s leading online poker site, which soon will be offering its […]

Casinos, Weeding Through Federal Versus State Laws, Struggle with Issues Surrounding Pot Money Bankrolls

Casinos, Weeding Through Federal Versus State Laws, Struggle with Issues Surrounding Pot Money Bankrolls

John Reger - August 6th, 2017

Las Vegas casino executives are struggling with some big pot issues, and they’re not only at the high-limit poker tables. The rub is that money earned at Nevada’s marijuana dispensaries, […]