Financial

GVC Holdings Ups Bwin.party Bid to $1.55 Billion, Dwarfing 888 Current Offer

GVC Holdings has dropped Amaya and found new creditors to increase its bid to $1.55 billion for rival bwin.party, even though the latter gambling company had already agreed to a $1.4 billion offer from 888 Holdings. GVC’s...

Vladimir Putin Considering Overturning Online Poker Ban

Vladimir Putin isn’t the most popular world leader, especially in the United States where a recent Gallup poll found that Americans have a 60 percent unfavorable view on the Russian president. Putin has inserted his...

Caesars Entertainment Faces Bankruptcy Following Judge’s Decision

Caesars Entertainment spun off Caesars Entertainment Operation Co. (CEOC) in mid-January in order to file for Chapter 11 bankruptcy, and since then the parent company to Caesars Palace, Planet Hollywood, Harrah’s, and a...

Reports Suggest Ladbrokes in the Final Stages of Coral Takeover 

The recently rumored merger between Ladbrokes and the Gala Coral Group could be completed this week according to a British newspaper. A potential deal between the two gaming companies hit the headlines back in June when shares in...

PokerStars Super High Roller to Set Highest Online Tournament Buy-In

PokerStars is inching closer to taking the live high roller events that have quickly grown in popularity over the last several years to the online market, announcing its Super High Roller on September 20th will feature an...

New Jersey Online Poker Continues Slide As iGambling Rises

New Jersey online poker has been struggling for much of its nearly two-year existence, and the latest figures from the state’s Division of Gaming Enforcement (DGE) show it’s now not only the short stack but also...

888 Holdings Scoops Bwin.party in Unexpected Acquisition Move

888 Holdings made a surprise play for bwin.party, the iGaming operator behind partypoker, which will now become part of the 888 corporate family by the start of 2016. Although 888 had previously expressed interest in bwin, it was...

RAWA Employs Trent Lott, Former Senate Majority Leader Turned Lobbyist

The Restoration of America’s Wire Act (RAWA) has been on the floors of Congress for more than a year, which is why its primary backer and political persuader Sheldon Adelson has decided to change course in Washington, DC,...

Alex Dreyfus Raises $4.9 Million To “Sportify” Poker

Alex Dreyfus, the serial entrepreneur who co-founded Winamax and now owns the Global Poker Index (GPI) and The Hendon Mob, is on a crusade to “sportfiy” poker and give the game the look and feel, and perhaps respect,...

Amaya Stock Price Unhindered by Insider Trading Allegations, Baazov Gets Vote of Confidence

Amaya stock performance on both the Toronto and Nasdaq exchanges has shown investors aren’t concerned with an ongoing probe. Despite the company being investigated by Quebec securities officials into allegations of illegal...