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.

Employee Play Ban Casts Cloud on DraftKings Ambassador Million Dollar DFS Score

Employee Play Ban Casts Cloud on DraftKings Ambassador Million Dollar DFS Score

Philip Conneller - September 21st, 2016

DraftKings is under fire from sports news website Deadspin this week, after the site brought to light that DraftKings contractor (and somewhat successful poker player) Al Zeidenfeld had won $1 […]

Delaware Online Gaming Continues Evolving With Increased Revenues

Delaware Online Gaming Continues Evolving With Increased Revenues

Philip Conneller - September 19th, 2016

Delaware’s online gaming sector, which has been on life support at times during its three-year history, is beginning to bloom. The sector recorded a 54 percent year-on-year increase in net […]

European Gaming Regulators Meet to Discuss Shared EU Liquidity

European Gaming Regulators Meet to Discuss Shared EU Liquidity

Philip Conneller - September 19th, 2016

Gaming regulators from across Europe met in Paris last week to discuss shared interests, with online poker liquidity high on the agenda. The meeting raises hopes that segregated European markets […]

$2.7 Million Texas Holdem Poker Jackpot Hits for One Lucky Man in Australia

$2.7 Million Texas Holdem Poker Jackpot Hits for One Lucky Man in Australia

Jon Sofen - September 10th, 2016

An Australian man won a $2.7 million jackpot on a hand of Texas Holdem Poker. But it wasn’t in a high stakes game against Phil Ivey or Daniel Negreanu. Instead, […]

David Baazov, Former Amaya CEO, Took Kickbacks for Insider Trading, Alleges AMF

David Baazov, Former Amaya CEO, Took Kickbacks for Insider Trading, Alleges AMF

Philip Conneller - September 9th, 2016

Former Amaya CEO David Baazov’s alleged insider trading dealings were more than just casual stock tips whispered to close friends and family, they were an organized pyramid of information-sharing with […]

Record Highs for Delaware Online Poker, But There’s Still Room for Improvement

Record Highs for Delaware Online Poker, But There’s Still Room for Improvement

Daniel Smyth - September 7th, 2016

The Delaware online poker economy enjoyed a record-breaking July, according to the state’s latest revenue report. Despite the summer months typically being less lucrative for online operators, the Diamond State’s three […]

Fedor Holz Calls Out GPL CEO Alex Dreyfus for Late Currency Transfer Repayment

Fedor Holz Calls Out GPL CEO Alex Dreyfus for Late Currency Transfer Repayment

Daniel Smyth - September 5th, 2016

The Global Poker League’s Alex Dreyfus has come under fire, after Fedor Holz and two of his unidentified peers have questioned the entrepreneur’s accounting practices. According to two forum posts, […]

DraftKings Raises $150 Million, Strong Show for DFS Investability

DraftKings Raises $150 Million, Strong Show for DFS Investability

Philip Conneller - September 5th, 2016

DraftKings has raised over $150 million in a new round of venture capital funding, according to a report by Fortune. Among the investors is Revolution Growth, the firm co-founded by […]

Antigua, Barbuda Angle for US Dollars, Challenge Online Poker Stance

Antigua, Barbuda Angle for US Dollars, Challenge Online Poker Stance

Jon Sofen - August 29th, 2016

The twin island country of Antigua and Barbuda has been fighting American online poker issues for 13 years now. The US government has made attempts that date that far back […]

Playtech Gaming Revenues Rise, Shareholders to Reap Rewards

Playtech Gaming Revenues Rise, Shareholders to Reap Rewards

Jon Sofen - August 26th, 2016

Playtech, the world’s largest online gambling software company, continues to become more profitable. During the first half of 2016, the business raked in nearly $379 million. That’s an increase of […]

Tony G Poker and Casino Site Adds Bitcoin Transaction Option, Jurisdictions Becoming More Accepting of Currency

Tony G Poker and Casino Site Adds Bitcoin Transaction Option, Jurisdictions Becoming More Accepting of Currency

Daniel Smyth - August 25th, 2016

Lithuanian-Australian businessman and ever-quirky poker pro Tony G, whose real name is Antanas Guoga, has added a Bitcoin transaction option to his poker, sports book, and casino site, TonyBet.com. The site […]