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.

Brandon Cantu Says Top Poker Pros Owe Him Money, Defends Debt to Jason Mercier

Brandon Cantu Says Top Poker Pros Owe Him Money, Defends Debt to Jason Mercier

Jon Sofen - February 20th, 2017

Brandon Cantu claims he’s owed upwards of $1 million from some fellow poker players. But, unlike his rival Jason Mercier, he won’t release their names publicly. The poker pro also […]

Pennsylvania Poker Rooms Raking in Profits, Hungry for More

Pennsylvania Poker Rooms Raking in Profits, Hungry for More

John Reger - February 19th, 2017

Profits for Pennsylvania poker rooms continue to increase and the state is anticipating even more growth with passage of a gaming bill that is making its way through the Legislature. […]

New IRS Directive Could Affect International Poker Players’ Take Home Cash

New IRS Directive Could Affect International Poker Players’ Take Home Cash

Daniel Smyth - February 17th, 2017

International poker players who win money in the US may have to hand over 30 percent of their prize money to the feds, if casinos can’t figure out a solution […]

Zynga Poker’s 2016 Performance Jump Signals Robust Casual Market

Zynga Poker’s 2016 Performance Jump Signals Robust Casual Market

Daniel Smyth - February 13th, 2017

One signal that the casual poker market is doing well was recently reported in Zynga Poker’s financial report. The company was able to perform beyond analyst’s expectations, given market shifts. […]

Poker Networking Event Benefits Singapore Start-Ups

Poker Networking Event Benefits Singapore Start-Ups

Daniel Smyth - February 13th, 2017

It’s the new golf: poker networking for entrepreneurs who want to make the all-important business connections for venture capital and more. Start-ups in Singapore are starting to use poker as […]

Monte Carlo Folds Poker Room

Monte Carlo Folds Poker Room

John Reger - February 10th, 2017

The city with the most poker rooms just lost one as Monte Carlo Resort and Casino announced it was closing its facility, April 25. The MGM Resorts owned property is […]

iGaming Giants PokerStars, Microgaming Join Forces in New Deal

iGaming Giants PokerStars, Microgaming Join Forces in New Deal

Daniel Smyth - February 7th, 2017

PokerStars continued efforts to become a complete iGaming platform and moved another step forward towards that goal thanks to a new partnership with Microgaming at the beginning of February. Microgaming has […]

Nevada Poker Room 2016 Revenue Totals Backtrack by a Smidge

Nevada Poker Room 2016 Revenue Totals Backtrack by a Smidge

Jon Sofen - February 3rd, 2017

Nevada poker rooms raked in $117 million in revenue in 2016. The state brought in less than it did in 2015, but only by the slimmest margin: approximately two-tenths of […]

Nevada Online Poker Revenues Taking Backseat to Brick-and-Mortar

Nevada Online Poker Revenues Taking Backseat to Brick-and-Mortar

Daniel Smyth - February 1st, 2017

Online poker in Nevada isn’t making much of a financial impact and that could be the reason state officials aren’t speaking out against the possibility of a federal iGaming review. […]

Sheldon Adelson Backs Out of Deal to Help Move Oakland Raiders to Las Vegas

Sheldon Adelson Backs Out of Deal to Help Move Oakland Raiders to Las Vegas

Jon Sofen - January 31st, 2017

Sheldon Adelson, the man who has fought long and hard to get online poker banned in America, was all set to be a hero in Las Vegas. He was supposed […]

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 […]