Financial

Record Tribal Gaming Revenue Could Hinder California iGaming

Tribal gaming revenue hit record levels in 2014 which may help to explain why California’s online poker bills are having a hard time getting passed. According to the annual report published by Casino City, US Indian casinos...

Amaya Seeks Independent Valuation Ahead of Baazov’s $3 Billion Bid

Amaya may not have received a formal takeover offer from its CEO David Baazov yet, but that hasn’t stopped the board from employing global independent investment bank Moelis & Company to value the company. News of a...

California Stakeholders Reach Shock Online Poker Compromise

California’s chances of legalizing online poker this year are spotty at best, according to experts, thanks to the inability of its various stakeholders to remotely agree on how a future market might take shape. Two coalitions,...

PokerStars.EU Client Applauds Withdrawal of Dutch Tax Appeal on Players’ Online Poker Winnings

PokerStars players on the EU client in the Netherlands are breathing a sigh of relief this week after the leading tax agency in Holland withdrew its appeal with the high court in Amsterdam, challenging the notion that winnings on...

Barclays Appointed to Evaluate Amaya Takeover Bid

The proposed Amaya takeover bid by current CEO David Baazov and his group of investors will be formally assessed and evaluated by Barclays Capital Canada Inc. In a note sent out to the media on Monday, Amaya announced that...

GVC Deal Prompts Partypoker to Revisit 21 Shuttered Markets

PartyPoker will now be addressing quantity, after almost three years of focusing specifically on quality, as part of its new business strategy. Back in September 2015, the bwin.party board accepted a $1.6 billion takeover bid...

Nevada Poker Downswing Offset by 2015 Casino Profits

Nevada poker is hardly on life support, but the patient isn’t making a tremendous recovery either, based on 2015 revenue intake numbers now in. Despite a boom over the summer, poker in Nevada suffered a 1.57 percent...

Bwin.Party Gets New Jersey Thumbs Up as State Officials Investigate GVC

Bwin.party and the Borgata Hotel Casino in Atlantic City are exhaling a collective sigh of relief this week after officials with the New Jersey Division of Gaming Enforcement (DGE) issued an order allowing the interactive gaming...

Could Amaya Takeover Bid Signal More Changes at PokerStars?

David Baazov, the CEO of PokerStars parent Amaya Inc., is putting together a bid, along with an investor group, to buy out Amaya for CAN$4.39 billion ($3.13 billion) from shareholders and make it a private company once more. The...

MGA Tax Report Shows Poker’s Insignificance in iGaming Industry

Poker’s financial strength in the iGaming world appears to be on the decline following the Malta Gaming Authority’s (MGA) interim tax report. Providing a six-month review of 2015 before a full report is published in...