Financial

Bwin.party Holding Out for Best and Final from GVC Before Accepting Acquisition Proposal

The bwin.party takeover fight between GVC and 888 has been ongoing since last spring, but the online gaming company being targeted is tired of the games, this week asking GVC to present its best and final offer. Since last May,...

Betfair and Paddy Power Agree to Merger

Paddy Power is one of the biggest, most outlandish names in bookmaking today, especially well known for their shops in Ireland and the United Kingdom. Betfair is one of the leaders in online bookmaking, with their betting...

Winamax Takes Evasive Action to Save Weekly Major

The continued decline of the online poker economy in France was on display for all to see last night after the country’s leading operator, Winamax, was forced to offer discounts for its flagship tournament. Online poker has...

888 Holdings’ bwin.party Takeover in Doubt

The expected merger between bwin.party and 888 Holdings could be in jeopardy according to recent reports. Following what seemed like a successful $1.4 billion (£900 million) takeover bid by 888 back in July, the iGaming operator...

Gary Loveman Says Internet Poker One of His “Great Frustrations” 

Gary Loveman announced his resignation as CEO of Caesars in February after a tumultuous career leading one of gambling’s most famed brands, but unfortunately for his legacy, much will be made about how he’s leaving...

Unibet Poker Revenues Surge as Proprietary Platform Attracts New Players

Unibet released its second-quarter earnings this week and one highlight of the report was the rebounding of its poker product after moving from the MPN network in favor of its own proprietary platform. Revenues from poker soared...

Daniel Negreanu Confident NHL Team is Coming to Las Vegas

Daniel Negreanu is used to success at the poker table, having collected more than $30 million in lifetime tournament earnings. But he may soon have the chance to test his mettle in a whole new arena: owning a professional sports...

Partypoker Eliminates Withdrawal Fees After Players Speak Out

Partypoker players withdrawing funds from their bankrolls will no longer incur fees when using nearly all available options including the popular MasterCard, Visa, and PayPal methods. The change in terms comes after partypoker...

Bwin.Party Investor Says GVC Needs To Raise Bid

Bwin.party has issued 825 million ordinary shares of stock, and Jason Ader, along with his investors through his hedge fund SpringOwl Asset Management, oversees more than five percent of them, making him the second-largest...

Amaya Looks to Dissolve Debt, Releases Strong Q2 Expectations

Amaya has $800 million in outstanding debts incurred from its $4.9 billion acquisition of PokerStars and Full Tilt Poker in June 2014, but the company says it plans to repay approximately $575 million of that total before the end...