Financial

Partypoker Introduces Staking Contracts for Live Events

A downloadable staking agreement from Partypoker could bring an end to disputes between backers and tournament players. Available for Partypoker Live events, the contract means players no longer have to rely on trust and a...

Flutter Entertainment and The Stars Group in Gaming Changing Merger

The Stars Group (TSG) and Flutter Entertainment are set to merge in a deal worth upwards of $10 billion. Announced on October 2, the transaction will see Dublin-based Flutter Entertainment acquire TSG through an “all-share...

$5.4 Million Bluffs Lands Goldman Sachs’ VP in Jail on Fraud Charges

Goldman Sachs’ vice-president Ashwani Jhunjhunwala has been accused of stealing $5.4 million to pay off alleged poker debts. Breaking on September 10, the news will come as a blow to poker’s image in Jhunjhunwala’s native...

European Online Poker Thriving Thanks to Liquidity Sharing

European liquidity sharing has proved successful, safe and popular with online poker players in France, Spain and Portugal according to a joint regulatory statement. Written in unison by all three regulators, the January 21 press...

New Jersey Online Poker Falters Despite Sports Betting Boom

New Jersey online poker revenue took a dip in November, despite an overall upturn in earnings for the state’s operators. Published last week, the latest set of financials show a 24.7 percent increase in year-on-year takings for...

Macau Casino Revenue Hits Four-Year High Despite Government Gambling Crackdown

Casino revenue in Macau hit a four-year high in October, despite continued efforts by the Chinese government to crackdown on gambling. According to the latest figures released by the Gaming Inspection and Coordination Bureau,...

Indian Online Poker Startup Achieves Industry First with Series A Funding

The evolution of India’s online poker industry continues as fledgling site 9stacks becomes the first operator to raise money through a Series A funding model. Announced on October 1, the initiative will see 9Stacks receive 28...

BetStars Makes Its US Debut in New Jersey

BetStars, the sports betting arm of PokerStars is now live in New Jersey making it the eighth operator to do so since the Professional and Amateur Sports Protection Act (PASPA) was overturned. Announced on September 13, the move...

New Jersey Sportsbooks Booming After PASPA Legislation Win

New Jersey sportsbooks were busy during July – the first full month of legal sports betting in the state following a United States Supreme Court decision in May that opened the door for states to regulate their own markets. It...

Pennsylvania Seeks Online Gaming With Help From Stars Group and Pokerstars

Pennsylvania poker players soon won’t have to leave the couch to play a hand thanks to a partnership between Mount Airy Casino Resort and The Stars Group. The Stars Group, which owns PokerStars, will team up with the...