Financial

Delaware Online Poker Revenues Close 2015 Up, Year Ahead Faces Challenges

Delaware online poker limped its way through 2015, but there’s reason to be cautiously optimistic. After losing roughly one-third of its total revenues over the last 12 months, Internet poker posted stronger-than-expected...

Italy Amends Online Poker Tax Structure and Gambling Advertisement Laws

Italy is amending its 2015 Stability Law that was introduced in October in order to more properly profit from online gambling, Internet poker, and sports betting. Last June, the Italian government voted to eradicate Article 14 of...

Amaya Slams Kentucky’s $290 Million Lawsuit Against PokerStars

Amaya Inc. has branded a $290 million lawsuit brought against its subsidiary PokerStars by the Commonwealth of Kentucky as “frivolous” and “without merit,” and vowed that it will “vigorously dispute” any liability...

New Jersey Online Poker on a High Heading into 2016

New Jersey online poker sites received an early Christmas present this week after the Division of Gaming Enforcement (DGE) released its latest iGaming revenue report. Outlining the vital stats of each online casino and poker site...

San Diego Casino Raids: Money Laundering, Prostitution, and Mafia Links

Two San Diego card rooms and 25 players are under investigation by the FBI following a surprise raid earlier this week. The Seven Mile Casino on Bay Boulevard in Chula Vista and the Black Jack Palomar Casino, both in San Diego...

Travell Thomas Alleged $31 Million Fraudulent Debt Collection Agency Wire Charges Could Land Poker Player 20 Years

Travell Thomas, a New York poker player who holds two WSOPC rings, has been indicted by the US Attorney’s Manhattan office on charges of wire fraud, and is accused of being the head of the “largest fraudulent...

$10 Million in WSOP 2015 Taxes Goes to IRS and State and Local Outfits

The IRS, also known as the Internal Revenue Service to every tax-paying American citizen, is watching you. Especially if you just took down millions in the recently wrapped up 2015 World Series of Poker. Sadly for this...

Amaya Revenue Forecast Has Good News, Bad News for Shareholders, US Dollar Will Impact Profits

While Canadian poker operator Amaya will definitely feel the impact of the strengthening US dollar, the company’s Q3 report has resulted in at least some positive news for its shareholders, after it reported an 8 percent...

High Roller Dan Bilzerian Continues DraftKings Partnership, Despite DFS Operator’s Move Away From Poker

Dan Bilzerian and DraftKings teamed up earlier this month for a contest titled “Beat Blitz,” a special fantasy football game that came with 10 VIP prizes for the top finishers, featuring a weekend in Cabo San Lucas...

Rafa Nadal and PokerStars Part Ways after Three Years, Sponsorship Said to Be Worth $6.5 Million

Tennis ace Rafa Nadal‘s association with PokerStars has come to an end. After signing with the online poker site in 2012, Nadal appeared in a number of ads for the company and even made some appearances on the felt during...