Archive for August, 2014

Amaya Outlines Expansion Plan For PokerStars and Full Tilt Poker

On August 15, 2014 Amaya Gaming Group held a conference call to discuss the company’s second quarter results, and during the meeting CEO David Baazov took the opportunity to outline the future direction he hopes to take its two newly acquired iGaming sites, PokerStars and Full Tilt Poker. Amongst...

PokerStars To Confiscate Funds Of US Players Accessing Site

Following the passage of the Unlawful Internet Gambling Enforcement Act in 2006, PartyPoker promptly left the unregulated US poker market after which PokerStars took over as the country’s biggest unlicensed operator, since growing into the huge poker room it is today. Eventually, PokerStars’ high risk strategy caught up with...

One Drop Winner Colman Calls Poker A “Distraction”

Back in July, US poker pro Daniel Colman took down the $1m WSOP Big One for One Drop for a massive $15,306,668 payday. That staggering amount represented the second largest prize ever awarded in tournament poker history, the biggest being the $18,346,673 won by Antonio “The Magician” Esfandiari in...

New Jersey iGaming Improves 5.4% In July

After three months of consecutive declines, New Jersey’s iGaming industry reported a return to growth last month, with the state’s online operators generating revenues of $10.07 million in July, up by 5.6% compared to the $9.51 million taken in June. In spite of its online results, however, Atlantic City...

Ladbrokes Profits Slump To £27.7m In Six Months To June

UK bookmaker Ladbrokes has released its results for the first half of the year ending 30th June, and while revenues were up slightly by 4% to £589 million, there was a sharp 49.7% fall in profits before tax to £27.7 million. Despite the figure being significantly lower than H1...

NJ Governor Christie Vetoes Sports-betting Bill

Undaunted by the US Supreme Court’s refusal to hear New Jersey’s sports wagering argument in June, the state Legislature went ahead anyway and passed bills S2250 and A3476 in both the state Senate and Assembly. The State Senator Raymond Lesniak sponsored bills would have allowed private firms to run...

Network Model Best Solution For Regulated US iPoker

In 2013, regulated US online poker was launched first in the state of Nevada, followed by Delaware then New Jersey. However, the monthly revenue results coming from these markets have been disappointing, while the lack of an overall cohesive approach to regulation has lead to no progress on returning...