Financial

San Diego Casino Raids: Money Laundering, Prostitution, and Mafia Links

Two San Diego card rooms and 25 players are under investigation by the FBI following a surprise raid earlier this week. The Seven Mile Casino on Bay Boulevard in Chula Vista and the Black Jack Palomar Casino, both in San Diego...

Travell Thomas Alleged $31 Million Fraudulent Debt Collection Agency Wire Charges Could Land Poker Player 20 Years

Travell Thomas, a New York poker player who holds two WSOPC rings, has been indicted by the US Attorney’s Manhattan office on charges of wire fraud, and is accused of being the head of the “largest fraudulent...

$10 Million in WSOP 2015 Taxes Goes to IRS and State and Local Outfits

The IRS, also known as the Internal Revenue Service to every tax-paying American citizen, is watching you. Especially if you just took down millions in the recently wrapped up 2015 World Series of Poker. Sadly for this...

Amaya Revenue Forecast Has Good News, Bad News for Shareholders, US Dollar Will Impact Profits

While Canadian poker operator Amaya will definitely feel the impact of the strengthening US dollar, the company’s Q3 report has resulted in at least some positive news for its shareholders, after it reported an 8 percent...

High Roller Dan Bilzerian Continues DraftKings Partnership, Despite DFS Operator’s Move Away From Poker

Dan Bilzerian and DraftKings teamed up earlier this month for a contest titled “Beat Blitz,” a special fantasy football game that came with 10 VIP prizes for the top finishers, featuring a weekend in Cabo San Lucas...

Rafa Nadal and PokerStars Part Ways after Three Years, Sponsorship Said to Be Worth $6.5 Million

Tennis ace Rafa Nadal‘s association with PokerStars has come to an end. After signing with the online poker site in 2012, Nadal appeared in a number of ads for the company and even made some appearances on the felt during...

Phil Ivey v Borgata Legal Tennis Match Continues as Casino Files (Yet Another) Motion

Phil Ivey’s ongoing baccarat battle with the Borgata took another turn this week after yet another motion was filed by the Atlantic City casino. The latest move in a war that’s been raging since 2014 sees the Borgata...

Asia-Pacific Poker Tour Merging with ANZPT

Two poker tours that have defined the game across the Pacific Ocean are combining to become what will likely be the largest entity in Asian tournament play. The Asia-Pacific Poker Tour (APPT) will be absorbing the tournaments of...

Alexandre Dreyfus Continues Push to “Sportify” Poker

Alexandre Dreyfus is the Elon Musk of the poker industry, an Internet entrepreneur whose company Mediarex is responsible for the Global Poker Index (GPI) and Hendon Mob databases, American and European Poker Awards, and several...

Online Poker in Italy Enjoys a Rare Upswing

Italian online poker sites have taken something of a beating in recent months as far as cash game traffic is concerned, but there appears to a glimmer of hope on the horizon in the form of tournaments. The latest figures show...