Financial News For Poker & Gambling Industries

Las Vegas Poker Revenue Up, with February Cash Games Raking $8.1 Million

Jon Sofen - April 2nd, 2018

The poker boom may be behind us, but Las Vegas remains a popular place to play cards. During the month of February, Sin City’s poker rooms raked in $8.11 million […]

 Financial News For Poker & Gambling Industries

Richard Branson Buys Las Vegas Hard Rock, Bringing Virgin Hotels to Sin City

Daniel Smyth - April 2nd, 2018

Richard Branson and his Virgin brand are set to take up residence in Las Vegas after the British billionaire announced his takeover of the Hard Rock Hotel and Casino. Partnering […]

 Financial News For Poker & Gambling Industries

UKGC Calls for Faster Payouts to Online Gambling Winners

Daniel Smyth - March 19th, 2018

The UK Gambling Commission’s long-awaited report on fixed odds betting terminals (FOBTs) has revealed some changes for the country’s online poker players that will TK. The government-backed triennial report was designed […]

 Financial News For Poker & Gambling Industries

California Poker Pro Indicted on Charges of Running $6.2 Million Super Bowl Ticket Scam

Jon Sofen - March 16th, 2018

A California poker pro faces two felony counts of wire fraud for allegedly scamming investors out of $6.2 million, using the money intended to buy and sell Super Bowl tickets […]

 Financial News For Poker & Gambling Industries

Stars Group Buys Majority Interest in CrownBet Online Sportsbook for $118M

Jon Sofen - February 27th, 2018

The online poker industry isn’t booming like it was when the Scheinberg family ran PokerStars. So now the online poker site’s parent company, The Stars Group, isn’t putting all its […]

 Financial News For Poker & Gambling Industries

Phil Hellmuth to Promote Relaunched YouStake, Starts by Selling 60 Percent of His WPT LAPC Action

Chad Holloway - February 16th, 2018

Phil Hellmuth has never been one to shy away from representing a brand. He’s chomped down on a Carl’s Jr. burger on television, has had his mug plastered across Milwaukee’s […]

 Financial News For Poker & Gambling Industries

Steve Wynn Resigns as CEO of His Own Company Amid Allegations of Coercive Sex with Employees

Jon Sofen - February 7th, 2018

It took Steve Wynn more than three decades to build a casino empire that forever changed the face of Las Vegas, and less than two weeks to see his stature […]

 Financial News For Poker & Gambling Industries

Armed Robbery at Seminole Hard Rock in Tampa, Suspect Still at Large

Daniel Smyth - February 2nd, 2018

An armed robber at the Seminole Hard Rock Hotel and Casino in Tampa, Florida, has made make off with a bundle of cash according to local reports. Taking place in […]

 Financial News For Poker & Gambling Industries

Gus Hansen Seeks $150K Musical Festival Debt in Danish Court

Daniel Smyth - January 26th, 2018

High stakes poker pro Gus Hansen found himself in court recently after a financial dispute with a friend got out of hand. Hansen appeared in a Danish district court on […]

 Financial News For Poker & Gambling Industries

Former Amaya CEO David Baazov Must Stand Trial on Insider Trading Charges, Canadian Judge Rules

Jon Sofen - January 23rd, 2018

The case against David Baazov, founder and former CEO of Amaya Gaming (now The Stars Group), will move forward and proceed to trial, a Quebec judge ruled on Monday, rejecting […]

 Financial News For Poker & Gambling Industries

Tiny Delaware Struggles Most Among States with Legal Online Poker

Jon Sofen - January 20th, 2018

Online gambling activity in Delaware has dwindled so much so that few would even notice if it suddenly ceased to exist. After finishing the year with a lousy December performance, […]