Archive for September, 2016

As Efforts Stall, What Next For California iPoker Legislation?

On August 31st, the Californian legislature adjourned for 2016 without having made any major progress on passing an internet poker bill. In fact, before the regulatory bill could even be formally voted upon, problems delayed then halted the process, and as Cantor Fitzgerald analyst Ralph Garcea explains: “This marks...

iGaming Consolidations Weigh Heavily On The Industry

When the tech boom first started, there were dozens of innovative companies that went on to offer new products and become established brands. Many of these small businesses have now been bought out or alternatively become online giants that are swallowing up smaller brands left, right and center, such...

Vietnam Opts To Uphold Casino Ban On Locals

Like a number of other Asian countries with legalized casino industries, Vietnam only allows foreign tourists, and not local residents, to enter and gamble at their establishments. For a brief period of time, it seemed that would all change allowing Vietnam to set up a well-regulated casino industry open...

Pennsylvania Could Be A Catalyst For iGambling Expansion

2016 was originally predicted to be a big year for online poker in the US, with legalization expected to have been adopted by a number of states across the country. This year’s third quarter is now almost complete, though, without a single state having added its name to the...

Playtech Revenues Soar By 18% in H1 of 2016

Playtech, the owner of the iPoker network, has recently shared its revenue results for the first half of 2016, and the numbers reflect a trend that seems to be prevalent throughout iGaming–online casino games are booming while iPoker is on the decline. Despite the weak performance of Playtech’s H1...

Baazov’s Departure and Amaya Investment Opportunities

In 2014, Amaya acquired PokerStars for $4.9 billion, but in August of 2016 the company’s largest shareholder, David Baazov, stepped down from his CEO position in order to fight insider trading allegations leveled against him by Quebec’s securities regulator (AMF). According to AMF, Bazazov, and some family and friends...

Rutgers-Eagleton Poll Bodes Badly For New Jersey Expansion Plan

The Rutgers Center for Gambling Studies has shared the findings of a study on gambling addiction inside New Jersey that shines some light on the extent of the problem. Funded by taxpayers’ money, the purpose of the study was to examine social problems that arise due to Internet gambling,...