Amaya CEO David Baazov knows a thing or two about takeovers. It hasn’t even been two years since he led Amaya’s $4.9 billion acquisition of the Rational Group, the parent company to both PokerStars and Full Tilt Poker.
Poker is big business and we make sure we cover the financial angle for you. Mergers, acquisitions and bankruptcy stories will all be found here so you know if your chosen poker room is on the up, or the slippery slope to becoming history.
The Borgata Hotel Casino & Spa in Atlantic City has been serving as a lifeline for the struggling town as of late
PokerStars team member Daniel Negreanu and several executives from the online card room’s parent company Amaya met with high-volume players Dani...
Amaya is appealing a ruling in Kentucky that demands it pay the state $870 million for profiting off its residents unlawfully from 2006 to 2011.
PokerStars is the most famous, robust, and successful online poker room on the planet. After several years of legal turmoil and a $4.9 billion buyout ...
The online poker legislative calendar in 2015 was noticeably active over the last 12 months, elected lawmakers turning to Internet casinos to avoid raising taxes on citizens as budgets continue to inflate while revenues continue to shrink.
Legalized online poker has the potential to provide increased tax revenues for state governments and deliver consumer safeguards to a market that is predominantly unregulated.
The Las Vegas Review-Journal (R-J) was sold to the family of casino billionaire Sheldon Adelson two weeks ago for $140 million. The details of the sale went undisclosed for nearly a week as rumors and speculation mounted among R-J journalists and outside media groups.
New Jersey online gambling generated $13.2 million in November, a 51.3 percent increase compared to November of 2014 and a record-setting revenue total for the market since it was first legalized back in November of 2013.