Financial

Bally’s Bids $2.7 Billion for Gamesys to Further Its Digital Aspirations

Bally’s Corporation looks set to buy online gaming company Gamesys and the World Poker Tour (WPT) in two deals worth more than $2.7 billion. Bally’s made the headlines last week when Allied Entertainment, the WPT’s parent...

Allied Entertainment Accepts Bally’s “Superior” Offer for the WPT

Bally’s Corporation, owner of 12 casinos and racetracks in the US, is set to buy the World Poker Tour (WPT) for $90 million. The cash offer was accepted by the WPT’s parent company, Allied Entertainment, and announced this...

Surprise Bid by Bally’s Corp. May Halt WPT Sale to Element Partners

A new bidder has made a last-minute move to buy the World Poker Tour (WPT) and its parent company Allied Entertainment for $100 million. It had been previously announced that Allied Entertainment would sell the WPT to Element...

WPT Sold to Element Partners for $78.25 Million

The World Poker Tour (WPT) has a new owner after Allied Esports Entertainment sold the company to Element Partners for $78.25 million. The deal was announced on January 19 and is expected to complete at the end of the month or...

Online Poker in Delaware Riding Six-Year High As June Revenue Remains Strong

Online poker in Delaware is riding the crest of a wave right now and showing signs of strength not seen since 2014. The First State recently published its June 2020 revenue report and, despite rake being down from the previous...

Lockdown Spike Helps New Jersey Online Poker Operators Break Records

Any thoughts that online poker wasn’t riding a wave of lockdown-induced momentum have been blown out of the water by New Jersey. The New Jersey online poker market has been ticking along for the last few years but March marked...

Online Poker in Spain Suffering as Quarterly Revenue Falls

The latest report from Spain’s online gaming authority suggests the benefits of liquidity sharing in Europe are starting to wane. Details of the industry’s Q4 performance were published by the Directorate General for the...

Casino Interests See Poker Revenue Fall for The Stars Group

Online poker remains an ever-decreasing asset for The Stars Group (TSG) according to the company’s latest financial report. Published on Feb. 27, the 2019 Q4 overview shows that poker earnings fell by 10.4 percent. That drop...

Artificial Intelligence to Help Online Poker and Gaming Reach $87 Billion Potential

Online poker and gaming will benefit from the rise of artificial intelligence (AI) according to analysts at Mordor Intelligence LLP. Assessing the industry’s potential industry over the next four years, analysts at the research...

Revenue Soars as Online Poker in Pennsylvania Peaks in December

Online poker in Pennsylvania is showing early signs of promise according to the state’s official online gaming revenue report. With a full month of activity under their belts, PokerStars Pennsylvania and its live partner Mount...