News

Austrian Based Poker Player, Tankaza Wins $1.1M

Spring Championship of Online Poker
May 26, 2018

The Spring Championship of Online Poker Main event, Tankaza, an Italian residing in Austria won a historical payout of $1.1m. He was one of the 5 finalists based in Austria. The win was a game of chance strategy where the winner refused a heads-up deal from Julien Stuer that handed him the victory. The buy-in for the game was $10,300. This is not the first of Tankaza’s wins; he was the best in last year’s World Championship of Online Poker (WCOOP). To win the championship, he had been awarded a Platinum Pass. But was it not for Julien Stuer, things… Read More

Game Account Network Raises Money for Sports Betting

Game Account Network Plc
May 22, 2018

Game Account Network Plc is cleaning its balance sheets, and gaining more funds. GAN has boosted earnings for the year, which will help their expansion into the US sports betting sector. The details of GAN’s recent financial boost was provided in a disclosure to the London Stock Exchange. They announced the raising of $10.05 million using ordinary shares. The reason behind the streamlining of accounts is regarding the US sports law. The sports betting law change in the US means companies can start to offer sports book, perhaps even online. The Federal government stopped companies from offering sportsbook options outside… Read More

City of Dreams Leaving LRWC Causes Massive Losses

City of Dreams
May 19, 2018

After the City of Dreams Manila pulled out from the Leisure and Resorts World Corp. or LRWC for short, the total income for the groups’ 1st quarter has plummeted by 69.7% this year. After the financial statements from the firm were released a startling picture has been portrayed, the value of net income for the first quarter of the year previously stood at PHP272.1 million or US$5.46 million but it is now only standing at PHP82.4 million or US$1.57 million. The Causes of the Loss The company did point out that if not for several unfortunate and uncontrollable acts the… Read More

Travellers International Hotel Low Net Profit

Travellers International Hotel Low Net Profit
May 15, 2018

Travellers may want to refocus their position on mass market or middle-class patrons after their net profits are lower than expected. China sees great gains with middle-class gamblers, but there is also the issue of less space at one of Travellers locations. They are unable to support as many gamblers. Net profit information shows a third drop in profits. The gross gaming revenue has taken a toll on the hotel-casino operator. Travellers is a Philippine-based operator, with several partnerships, including Resorts World Manila, and a joint venture with Genting Hong Kong. They also share profits with the Philippines Alliance Global… Read More