Amaya Gaming recently completed the acquisition of the Rational Group. Amaya founder and CEO David Baazov discussed upcoming plans for PokerStars and Full Tit during a discussion with shareholders and other potential investors. Baazov said that PokerStars.com and FullTilt.com face a number of opportunities in the coming year. He expects both brands will be available […]
Read MoreThe New Jersey Division of Gaming Enforcement published gaming revenue results for July and some casinos posted huge gains year-over-year. Online gambling revenue was up 5% over June while online registrations saw a 7.1% increase. Taking a closer look at the numbers, Golden Nugget had an amazing month in July. They posted total casino winnings […]
Read MoreRevel announced that it will close its Atlantic City casino on September 10, 2014 as no suitable buyer was found through a bankruptcy auction process. The troubled resort has lost billions of dollars between construction costs and operating losses under several ownership structures. Bad Timing and Luck Revel’s bad luck started with its timing. Morgan […]
Read MoreThe Borgata Hotel Casino and Spa filed a lawsuit in New Jersey against poker legend Phil Ivey in April. The lawsuit alleges that Ivey used an edge sorting technique to gain an edge in Baccarat. Ivey’s lawyers claim the statute of limitations has expired and filed a motion to dismiss the lawsuit on July 2. Attorneys […]
Read MoreTrump Plaza recently confirmed that it will close its doors in September. Trump Casino is one of three Atlantic City casinos that will have closed by the end of the year. The news is discouraging to the employees that are about to lose their jobs, but few experts were surprised by the announcement. The casino […]
Read MoreExperts have been trying to study the pattern of gambling addictions for several years. However, the data they accumulated wasn’t very reliable, because they had access to small sample sizes and couldn’t create reliable testing environments. The Harvard researchers were finally able to come up with a reliable testing methodology. They collaborated with Bwin to […]
Read MoreThe New Jersey casino industry has been on the verge of bankruptcy over the last several years as Atlantic City casino revenue has decreased significantly. Industry leaders have stated that at least three companies are probably going to shut down this year. The Atlantic Club was the first of the twelve casinos to close its […]
Read MoreOnline gambling has returned to the United States. Three states have legalized online gambling over the past year, while others are considering passing similar legislation in the near future. However, the industry is growing more slowly than most experts would like. Many financial advisors have advised their clients to wait a few years before purchasing stock […]
Read MoreZynga offers a number of social games through its own website, Facebook and other major social networking platforms. The company currently generates nearly $900 million a year in annual revenue, which makes it the largest free money gaming provider in the world. However, most experts agree that the company could generate much more revenue by […]
Read MoreTwo weeks ago, Winning Poker Network announced that it plan to stop providing real money gaming services in Nevada, New Jersey and Delaware. The network said that it believed in the spirit of fair competition and wanted to allow regulated gaming sites to compete in the market. Equity Poker Network (EPN) has since followed suit. […]
Read MoreBwin.Party is one of the largest online poker providers in the world. A recent report from the company states that revenues declined nearly last year. Bwin.Party said that problems in the European market are threatening growth. It intends to offset these losses by pursuing opportunities in the newly regulated U.S. gaming market. Bwin.Party has faced […]
Read MoreOptimal Payments recently announced that it will be launching a new NETELLER service for online gamblers in the United States. Caesars and 888 Holdings became the first gaming providers in the country to use the new ewallet service. WSOP.com, 888poker.com and Caesarscasino.com are offering NETELLER to their customers in New Jersey. Other gaming providers in […]
Read MoreLawrence Dicristina was convicted of operating an illegal poker room in New York in 2011. Federal Judge Jack Weinstein overturned the verdict. Weinstein said that poker is a game of skill, which means that it doesn’t fall under the scope of the Illegal Gambling Business Act. The jury’s original verdict was upheld on appeal and […]
Read MoreSkrill is one of the most popular ewallet services for online gamblers. The company received approval from the New Jersey Department of Gaming Enforcement to process payments for customers of online gaming companies earlier this month. Two online gaming providers in New Jersey are already using Skrill and other casinos are expected to use it […]
Read MoreAtlantic City’s casino industry has deteriorated over the last few years. Revenue for most of the casinos has dropped considerably and some are struggling to remain solvent. Originally reported by the WSJ 13 casinos recently argued that their property taxes should be reduced since the value of their businesses has fallen. A New Jersey court […]
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