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.

iGaming Will Be Worth $96 Billion by 2024, Market Research Asserts

iGaming Will Be Worth $96 Billion by 2024, Market Research Asserts

Daniel Smyth - January 17th, 2017

The iGaming industry is predicted to grow by more than 10 percent and become an industry worth almost $100 billion by 2024. That’s the word from Transparency Market Research (TMR), a company […]

Brazilian Gambler Scores $1.2 Million on $35K Roulette Bet in Uruguay Casino

Brazilian Gambler Scores $1.2 Million on $35K Roulette Bet in Uruguay Casino

Jon Sofen - January 16th, 2017

An already very wealthy gambler from Brazil won $1,225,000 on one spin of the roulette wheel at a casino in Uruguay just after New Year’s. Pedro Grendene Bartelle, a billionaire […]

Pittsburgh Steelers Owner Says Oakland Raiders Don’t Need Sheldon Adelson’s Help to Move to Las Vegas

Pittsburgh Steelers Owner Says Oakland Raiders Don’t Need Sheldon Adelson’s Help to Move to Las Vegas

Jon Sofen - January 12th, 2017

Pittsburgh Steelers owner Art Rooney says an Oakland Raiders’ move to Las Vegas is still on the table with or without Sheldon Adelson’s investment. But Raiders owner Mark Davis refused […]

DFS Market Growth Seriously Slowed in 2016

DFS Market Growth Seriously Slowed in 2016

Philip Conneller - January 9th, 2017

The daily fantasy sports market slowed dramatically last year, according to a new report from gaming consultants, Eilers & Krejcik. In 2016 players spent $3.26 billion in buy-ins for DFS […]

Macau Gambling Revenue Takes Another Tumble

Macau Gambling Revenue Takes Another Tumble

Daniel Smyth - January 4th, 2017

Macau’s gambling revenue continued to slide in 2016, but a few successful months at the end of the year showed that the market may be starting to stabilize. With the […]

Bitcoin Catapults Over $1,000 Mark at Start of 2017 for First Time in Three Years

Bitcoin Catapults Over $1,000 Mark at Start of 2017 for First Time in Three Years

John Reger - January 3rd, 2017

The future could be very shiny for Bitcoin. The web-based currency traded on Monday at more than $1,000 for the first time in three years, increasing more than 100 percent […]

PPC Poker Tour Hit with Player Suit Following Failure to Pay Out Full Prize Pool

PPC Poker Tour Hit with Player Suit Following Failure to Pay Out Full Prize Pool

Chad Holloway - January 3rd, 2017

A new court filing obtained today by CardsChat reveals four players are going after the Players Poker Championship (PPC Poker Tour). The complaint, which was filed by noted poker attorney […]

Bitcoin Gets (More) Respect in 2016: What’s Changed?

Bitcoin Gets (More) Respect in 2016: What’s Changed?

Philip Conneller - December 28th, 2016

Cryptocurrency bitcoin moved a few paces forward towards mainstream respectability in 2016, but its use as a payment method for online poker in the regulated markets remains fraught with complexity. […]

How US Online Poker Picked Itself Up and Got Back on Its Feet in 2016

How US Online Poker Picked Itself Up and Got Back on Its Feet in 2016

Chad Holloway - December 27th, 2016

It was a mixed bag for US online poker in 2016, but there were some bright spots among the dark shadows. Despite California, New York, Michigan, and Pennsylvania all considering […]

Investment Firm Cuts Amaya Target Price, Reflecting Slowdown in Online Poker Activity

Investment Firm Cuts Amaya Target Price, Reflecting Slowdown in Online Poker Activity

Daniel Smyth - December 22nd, 2016

Once considered an unstoppable force, it’s been a rough year for gaming operator Amaya, Inc. The Quebec-based company has seen its CEO face legal issues while stepping down, but now […]

David Baazov Gives Up Private Amaya Bid After Shareholders Demand Premium

David Baazov Gives Up Private Amaya Bid After Shareholders Demand Premium

Daniel Smyth - December 20th, 2016

Former CEO David Baazov and his beleaguered bid to purchase Amaya appears to have come to an end. The Canadian, who has been under massive legal fire this year in […]