PokerStars announced a $25,000 buy-in for a million-guaranteed win. The game is No-limit Hold’em. PartyPoker has answered this competitive decision with one of theirs called Millions World. PokerStars game is being held at the Atlantis Resort, located in the Bahamas. PokerStars has stated they are willing to give away $8 million free seats at the tables and provide the winner $1 million in a prize pool. PartyPoker’s answer is the 2018 Caribbean Poker Party, which will happen at the Baha Mar Resort, also in the Bahamas. Their tournament begins on May 19th and ends May 25th. They are offering $10… Read More
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Spanish Online Gaming Operators Will Make $1.22 Billion
Online gambling operators are striving to increase their revenues. A new projection says the market will reach $1.22 billion by 2023. In just five years the market will be among one of the highest earners for Spain. The report came from Ficom Leisure. Spain has not been very high on the analyst’s minds because it is a fairly new market allowing online gambling. But, not anymore. Spain has now become the focus of international market analysts with the billion euro prediction. It is likely Spain will see $1.84 billion as industry revenues over the next three to five years. Spain… Read More
GAN Boosted Earnings, First Time in Five Years
GAN or the former GameAccount Network posted information Thursday, March 29, 2018, that shows a higher gross income for 2017. The online technology provider for casinos was able to decrease losses for 2017 and increase their revenue. GAN Year End 2017 results have more information. Despite putting in a filing back in January 2018, the company has more to share. The new data shows that in 2017, earnings were up 30 percent over the prior year. It meant a revenue of 41.1 million pounds. Net income was also up by 17 percent. In previous years, the losses have been 932,000… Read More
Ladbrokes Must Pay $100 Million in Taxes
Taxes, it doesn’t matter where you live are something you must pay. How much you end up paying is always based on the income you make and current tax laws. Ladbrokes was hoping to get a reprieve from paying $100 million in taxes, but it does not seem to be working. Before one can understand the denial from the UK court system, one must first know what the big deal is regarding Ladbrokes. In 2008 a tax loophole existed where corporations like Ladbrokes could take a tax write off. The write off had to do with loans the company had… Read More