A few years ago, The Stars Group (then Amaya Inc.) was deep into a heavy debt situation, was shaken by an insider trading scandal involving its founder and then-CEO, Canadian businessman David Baazov, and was having difficulties in growing its key online poker product.After ...
With a market capitalization of $7.07 billion an multiple properties across the United States, the United Kingdom, and Egypt, among other countries, Caesars Entertainment Corp. is one of the world’s largest gaming and hospitality companies. Caesars climbed out of a lengthy ...
In a historic move, the Supreme Court of the United States lifted in mid-May a long-standing ban on wagering on professional and college sports leagues, known as PASPA (Professional and Amateur Sports Protection Act of 1992). The ruling authorized individual states to legalize sp ...
Phil Ivey is not just one of the world’s best poker players but also one of the world’s best professional gamblers. However, his gambling tactics have landed him in hot water on a number of occasions and one such occasion could cost him $10.1 million.The long-run ...
Days after Dmitrii Perfilev captured his first-ever WSOP Circuit gold ring at Seminole Casino Coconut Creek by topping a field of 735 entrants, the popular poker series is now heading to Southern Indiana area for an exciting festival at Horseshoe Southern Indiana in Elizabeth, In ...
Amid growing competition and massive regulatory pressure in a number of jurisdictions, several major gambling companies have decided since the beginning of the year to undertake merger and acquisition moves. M&A deals have often proved a successful way to blunt competition an ...
As the WSOP smashed records this past summer, hopes are high that its sister brand – the WSOP Europe – will be equally exciting and break a tournament poker record or two. The WSOP Europe series has found a permanent residence at King’s Casino in the tiny village of Rozvado ...
Rodrigo Duterte is more than two years into his presidential tenure and it has been an eventful two years. Among other things, President Duterte’s past two years will be remembered for the top Philippine official’s continued war on gambling, which has most recently manifested its ...
Fall is officially upon us and a new batch of extremely exciting poker events is set to arrive in its wake. This week’s live tournament poker overview includes events across Europe, Asia, and North America. All four promise unparalleled thrill and massive monetary prizes an ...
It has been an eventful year for Playtech and a particularly turbulent one at the same time. The gambling technology company, founded by Israeli businessman Teddy Sagi in 1999, saw its share price fall nearly 50% over the past 12 months and recorded a 34% drop in adjusted profit ...
Australian casino operator The Star Entertainment Group has recently presented the design for the planned expansion of its Sydney-based property. While the project is expected to create multiple jobs and generate significant revenues, it has faced quite some criticism mainly due ...
Scientists have revealed an area of the brain associated with high-risk behavior after conducting a study on two gambling monkeys. Interestingly, they managed to teach them odds and found out that the monkeys preferred riskier bets and bigger rewards.During the experiments, r ...
US governments on all levels, federal, state and local, received $40.8 billion in tax revenues from the rapidly growing gambling industry in 2017. The sector contributed $261 billion to the United States economy and employed more than 1.8 million people, a new study by Oxford Eco ...
Tiger Resort Leisure and Entertainment Inc. (TRLEI), the operator of Okada Manila casino resort, is eying expansion in Japan following the country’s official ratification of the Integrated Resort Implementation Bill in July. The Philippines-based gambling company is now opening a ...
Several states have already legalized sports betting after the historic United States Supreme Court decision in May, which deemed the Professional and Amateur Sports Protection Act (PASPA) unconstitutional. The next region to allow sports wagers may easily become Washington D.C. ...
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