Financial

5Dimes Allegedly Using Amazon Gift Certificates to Launder US iGaming Funds
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5Dimes Allegedly Using Amazon Gift Certificates to Launder US iGaming Funds

March 18th, 2016 | by Jason Reynolds
5Dimes, a Costa Rican online gambling site and poker room, has been accused of offering unlicensed real money betting options to US residents through an elaborate scheme involving Amazon gift certificates. Although many members...
Amaya CEO David Baazov Reconfirms Buyback Plans, Quarterly Profits Strong
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Amaya CEO David Baazov Reconfirms Buyback Plans, Quarterly Profits Strong

March 15th, 2016 | by Kaycee James
Amaya CEO David Baazov reported stronger-than-expected company profits for the three months ending December 31 during a conference call with investors on Monday. He also reported to investors that his planned buyback of the...
Samantha Abernathy Shows Dan Bilzerian How It’s Done and Wins Her Cycling Prop Bet for $10K
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Samantha Abernathy Shows Dan Bilzerian How It’s Done and Wins Her Cycling Prop Bet for $10K

March 14th, 2016 | by Greg Shaun
Dan Bilzerian could be onto a winner in his $1.2 million prop cycling bet with Bill Perkins, if the exploits of Samantha Abernathy are anything to go by. Back in February, Bilzerian and Perkins each committed $600K towards a prop...
888poker Revolutionizes Rewards Program
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888poker Revolutionizes Rewards Program

March 6th, 2016 | by Brian Corlisse
888poker will introduce a completely remodeled rewards program, effective from March 28. The new scheme, designed to tip the balance in favor of the recreational player, is to be branded “888 Poker Club,” and will eschew the...
Record Tribal Gaming Revenue Could Hinder California iGaming
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Record Tribal Gaming Revenue Could Hinder California iGaming

March 5th, 2016 | by Kaycee James
Tribal gaming revenue hit record levels in 2014 which may help to explain why California’s online poker bills are having a hard time getting passed. According to the annual report published by Casino City, US Indian casinos...
Amaya Seeks Independent Valuation Ahead of Baazov’s $3 Billion Bid
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Amaya Seeks Independent Valuation Ahead of Baazov’s $3 Billion Bid

March 4th, 2016 | by Jason Reynolds
Amaya may not have received a formal takeover offer from its CEO David Baazov yet, but that hasn’t stopped the board from employing global independent investment bank Moelis & Company to value the company. News of a...
California Stakeholders Reach Shock Online Poker Compromise
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California Stakeholders Reach Shock Online Poker Compromise

February 12th, 2016 | by Kaycee James
California’s chances of legalizing online poker this year are spotty at best, according to experts, thanks to the inability of its various stakeholders to remotely agree on how a future market might take shape. Two coalitions,...
PokerStars.EU Client Applauds Withdrawal of Dutch Tax Appeal on Players’ Online Poker Winnings
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PokerStars.EU Client Applauds Withdrawal of Dutch Tax Appeal on Players’ Online Poker Winnings

February 10th, 2016 | by Kaycee James
PokerStars players on the EU client in the Netherlands are breathing a sigh of relief this week after the leading tax agency in Holland withdrew its appeal with the high court in Amsterdam, challenging the notion that winnings on...
Barclays Appointed to Evaluate Amaya Takeover Bid
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Barclays Appointed to Evaluate Amaya Takeover Bid

February 9th, 2016 | by Kaycee James
The proposed Amaya takeover bid by current CEO David Baazov and his group of investors will be formally assessed and evaluated by Barclays Capital Canada Inc. In a note sent out to the media on Monday, Amaya announced that...
GVC Deal Prompts Partypoker to Revisit 21 Shuttered Markets
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GVC Deal Prompts Partypoker to Revisit 21 Shuttered Markets

February 5th, 2016 | by Brian Corlisse
PartyPoker will now be addressing quantity, after almost three years of focusing specifically on quality, as part of its new business strategy. Back in September 2015, the bwin.party board accepted a $1.6 billion takeover bid...