Financial

New Jersey Online Gambling Revenue Hits New High

New Jersey’s online gambling industry reached new heights in July according to the latest revenue report from state’s Division of Gaming Enforcement. Released on August 12, the new figures show that July’s...

High Stakes Poker Player Andy Beal Becomes Trump Advisor

Andy Beal, the billionaire businessman and poker enthusiast, is part of Donald Trump’s new economic advisory team. Beal will be best known to poker fans as the man who took on a collective of high stakes poker pros (known...

Chinese Consortium Nabs Caesars’ Playtika in $4.4 Billion Deal

The social gaming arm of Caesars Interactive Entertainment (CIE), Playtika, has been purchased by a Chinese consortium for $4.4 billion. CIE is owned by Caesars Acquisition Co and Caesars Entertainment Corp. and currently offers...

New Jersey Online Poker Solid As UK Liquidity Share Pushed

New Jersey online poker is in a healthy state as gambling sites recorded a growth in revenue. Licensed sites showed overall gaming revenue of $16.4 million for June, a 40 percent jump on the same time last year. While many sites...

Normandie Casino Card Club Closing After 69 Iconic Years Due to Money Laundering

The Normandie Casino in Gardena, California, will close its doors in the coming months almost 70 years after it first opened. On April 24, 2016, the California Gambling Control Commission (CGCC) ordered the revocation of...

Pennsylvania Budget Shortfall Considers Online Poker as a Possible Solution

The Pennsylvania budget for the 2016-2017 fiscal operating year proposed by Governor Tom Wolf (D) comes in at $33.3 billion, which is $3.3 billion, or 11 percent higher, than the current allocation. To make up for the gap, Wolf...

Amaya Revenues Double in First Quarter as PokerStars Takes New Jersey  

Amaya revealed on May 16 that revenues for the first quarter in 2016 have more than doubled compared to the same three months in 2015, and the key component to the Canadian gaming company’s rise is unsurprisingly...

PokerStars Moves in for the Kill in New Jersey, to Nobody’s Surprise

PokerStarsNJ has officially toppled Party-Borgata as leader in the regulated New Jersey online poker market, as many had predicted. According to figures released this week by the New Jersey Division of Gaming Enforcement (DGE),...

Will Liquidity Sharing Approval Lift Online Poker in France?

Online poker in France looks set to receive a shot in the arm thanks to a new liquidity sharing bill, but it could be too little too late for the struggling economy. The French online poker scene is one that’s often in the...

California Online Poker Hearing Slated for April 27, Delaware Records Strong March Revenues

California online poker will have yet another day in Sacramento when the State Assembly’s Governmental Organization (GO) Committee hears a bill on April 27. First introduced in February by Assemblymen Adam Gray (D-District...