Financial

Another Blow for Poker in China As Macau Venues Close

Poker in China was dealt another blow recently after two leading venues closed their doors and a live tour was forced to postpone its launch. First reported by local gaming media outlet Somuchpoker, the latest from Macau is that...

PokerStars Celebrates SCOOP Anniversary with Bumper Prizepool

SCOOP 2018 is going to give away at least $65 million in prize money as well as five Platinum Passes worth $30,000 each. Since launching in 2009, the annual Spring Championship of Online Poker has continued to grow in size, but...

Winamax Receives Liquidity Sharing License from ARJEL

Winamax has become the latest online operator to receive a cross-border iGaming license as part of the liquidity sharing deal between France, Spain, Italy and Portugal. The online poker site is only active in France, but...

Portugal and Italy Inching Towards Poker Liquidity Sharing Reality

Poker liquidity sharing in Europe will move another step forward very soon according to politicians and industry insiders. Speaking to local media outlet GiocoNews, Italy’s Under Secretary of State at the Finance Ministry, Pier...

Liquidity Sharing Imperative as Online Poker in Delaware Declines in 2017

Online poker in Delaware has taken a tumble in 2017 according to the latest figures from the state’s regulator, the Delaware Lottery. Looking back on the last 12 months of activity, the market as a whole contracted by 18...

GVC Holdings Ups the Ante with Third Play for Ladbrokes Coral  

GVC Holdings has signaled its intention to takeover Ladbrokes Coral in a deal that could be worth as much as £3.9 billion/$5.2 billion. Announced on December 7, the statement regarding a possible acquisition was published by GVC...

US Judge Rules Leon Tsoukernik’s Alleged $2 Million Debt Isn’t Enforceable

Kings Casino owner Leon Tsoukernik has won part of his recent legal battle against Australian poker pro Matthew Kirk, but he may still have to payout $2 million. Following a lawsuit brought against him by Kirk back in June 2017,...

PokerStars WCOOP Pays Out Record $90 Million, Tournaments Unaffected by Corporate Turmoil

More than 100,000 players from 130 countries competed in PokerStars’ 2017 World Championship of Online Poker (WCOOP), which wrapped up last week. The large turnout resulted in a record $90.6 million in prize money, far...

UKGC Charges 888 $10 Million for a Breach of Its Licensing Conditions

888 Holdings Plc, the company in charge of 888poker, has been fined a record $10 million for failing to comply with the UK Gambling Commission’s (UKGC) player protection guidelines. Following reports that 888poker and its...

Q2 Report Shows Poker is Losing Influence at PokerStars

PokerStars’ parent company, The Stars Group Inc., has seen its Q2 revenue increase by 6.8 percent to $305.3 million despite a drop in poker revenue. The latest set of Q2 financials from The Stars Group show that online...