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.

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 (ETC) 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 […]

PokerStars Acquisition in 2014 May Have Involved Insider Trading

PokerStars Acquisition in 2014 May Have Involved Insider Trading

Jon Sofen - April 13th, 2017

PokerStars doesn’t need more bad publicity. But the online poker giant just got some. The Ontario Securities Commission (OSC) has alleged investors from two financial firms were illegally tipped off […]

Absolute Poker Finally Paying Players Money Owed for Past Six Years

Absolute Poker Finally Paying Players Money Owed for Past Six Years

Jon Sofen - April 11th, 2017

Former Absolute Poker players: we have some good news to share. Customers of the defunct online poker site may soon receive money owed them since April 15, 2011, aka “Black […]

Gambling in China On the Slide According to Hong Kong Survey

Gambling in China On the Slide According to Hong Kong Survey

Daniel Smyth - April 10th, 2017

Gambling in China is on the decline according to a recent study carried out by the Ping Wo Fund. As outlined by an official press release published on April 5, […]

PokerStars No Longer Relying Exclusively on Poker, Embraces Sports Betting and Casino Gambling

PokerStars No Longer Relying Exclusively on Poker, Embraces Sports Betting and Casino Gambling

Jon Sofen - April 7th, 2017

There was a time when PokerStars was unique in that it was a rare poker-only internet gambling site. Rational Enterprises, the site’s original owners, relied solely on poker revenue. Amaya […]

Las Vegas Poker Scene Experiencing a Decline in Available Poker Tables but Sky Isn’t Falling

Las Vegas Poker Scene Experiencing a Decline in Available Poker Tables but Sky Isn’t Falling

Jon Sofen - March 28th, 2017

The Las Vegas poker scene has drawn some national attention in recent days. Many major media outlets such as the Chicago Tribune and Las Vegas Review-Journal have tackled the issue […]

Sheldon Adelson Listed at 20th on Forbes’ Wealthiest List

Sheldon Adelson Listed at 20th on Forbes’ Wealthiest List

Jon Sofen - March 27th, 2017

Saying that Sheldon Adelson is wealthy is as big of an understatement as accusing Charles Manson of being mean. But how rich is he? According to Forbes’ updated list of […]

Pennsylvania Poker Rooms Scoop $4.9 Million in Revenue During February

Pennsylvania Poker Rooms Scoop $4.9 Million in Revenue During February

Jon Sofen - March 26th, 2017

Pennsylvania poker rooms raked in approximately $4.9 million in revenue during the month of February. There was virtually no change from the same time period as last year. That means […]

Libratus Poker Win Paves Way for Microsoft Minecraft Challenge

Libratus Poker Win Paves Way for Microsoft Minecraft Challenge

Daniel Smyth - March 20th, 2017

When Libratus beat four established poker pros, it not only shocked the community but paved the way for a new generation of artificial intelligence (AI) challenges. Although the pursuit of […]

Sheldon Adelson Rumor: Casino Mogul Wants Wynn Resort, Steve Wynn’s Stocks Get a Boost

Sheldon Adelson Rumor: Casino Mogul Wants Wynn Resort, Steve Wynn’s Stocks Get a Boost

Jon Sofen - March 19th, 2017

Sheldon Adelson is reportedly interested in obtaining ownership of Wynn-Encore Casino Resort in Las Vegas. After the rumors began swirling of the casino mogul’s interest in the property, Steve Wynn’s […]