Everyone wants to make money in gambling. If it is not Spanish online gaming operators looking for a nice payday, then it is someone else. US sports teams are backing a change in sports betting, but only if they get to take part in the gains. US states want to change the PASPA because it would allow legal sports betting, which is now based in Nevada only. The current gambling act for sports betting prevents legal wagers from being placed on professional sports unless a person makes these wagers in Nevada. Horse racing and dog racing wagers are legal, but… Read More
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PartyPoker and PokerStars Competing with $25K Tourney
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
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