Poker Business

Here you will find stories about the poker industry. From stories about the companies in the gaming business, to industry insider dirt, this is the place for all the news stories relating to the online poker business.

• Andy Beal Stakes Donald Trump's Bid to Regain Casinos

  June 17, 2009,

  Real estate mogul Donald Trump has made an offer to buy Trump Entertainment out of bankruptcy. Trump had relinquished operational...

   

• Harrah’s Interactive Picks Montreal as Home Base, Eyes European Market

  May 30, 2009,

  Following last week’s announcement of the creation of its new online division, Harrah’s Interactive Entertainment (HIE), parent company Harrah’s Entertainment...

   

• Harrah's to Refinance $1 Billion in Debt; Stimulus Tax Break Cited

  May 28, 2009,

  This week Harrah's Entertainment, World Series of Poker trademark owner, announced that it will be seeking to refinance $1 billion of its outstanding debt...

   

• Harrah’s Creates New Harrah’s Interactive Subsidiary

  May 23, 2009,

  Harrah’s Entertainment, owners of the World Series of Poker, announced on Friday the creation of Harrah’s Interactive Entertainment (HIE)...

   

• Jack Link’s Inked as WSOP Presenting Sponsor

  May 19, 2009,

  The World Series of Poker has picked up a new presenting sponsor for 2009, with Jack Link’s Beef Jerky...

   

• MGM Mirage Launches $2.5 Billion Refinance Plan, Floats Bond

  May 13, 2009,

  Casino and entertainment giant MGM Mirage was busy on Wednesday with the launching of a multifaceted effort...

   

• Jamie Gold Joins Poker Icons

  May 12, 2009,

  2006 World Series of Poker Main Event Champion has signed on with Poker Icons, one of the poker world’s...

   

• WPT Signs with Pokerstars, Announces First Quarter Finances

  May 07, 2009,

  On Monday, World Poker Tour Enterprises, Inc. (WPTE) reported a smaller than expected loss in the first quarter of 2009. The televised poker-tournament...

   

• Jamie Gold, Aced.com Part Ways

  May 04, 2009,

  A much-ballyhooed but non-specific eight-figure endorsement deal between 2006 WSOP Main Event Champion Jamie Gold and fledging online poker site...

   

• PartyGaming's Mitch Garber Reported to Head Harrah's WSOP Online Operations

  April 15, 2009,

  In September 2007, Mitch Garber told the UK business outlet 'The Financial Times that he was open to being approached by a major player in Las Vegas. At the time, Garber was CEO of PartyGaming and he was speaking on behalf...

   

• PokerRoom.com Shuts Down after Historic Run

  April 15, 2009,

  Yesterday, one of the first-ever online poker rooms, PokerRoom.com, got the virtual wrecking ball. Parent company bwin announced last month that it would be closing down the site for good. Last week, an email...

   

• Poker Business News Briefs: April 4, 2009

  April 04, 2009,

  Shares of MGM Mirage jumped nearly 50% on Friday when it was revealed that private equity firm Colony Capital and Australian-based casino company Crown Ltd might team up to invest in the troubled Las Vegas CityCenter project...

   

• Dubai World Subsidiary Sues MGM Mirage over CityCenter Difficulties

  March 25, 2009,

  It's not shaping up to be a good year for MGM Mirage. Already hurt by the recession and facing possible default on its debt, the casino company is now being sued by its CityCenter partner, Dubai World...

   

• Carl Icahn to Bid on Atlantic City Tropicana

  March 20, 2009,

  This week, a group including billionaire Carl Icahn filed a petition with the New Jersey Casino Control Commission disclosing its plan to bid for the Tropicana Casino and Resort in Atlantic City. The owners of the Tropicana...

   

• PartyGaming Reports 2008 Revenue Uptick, Eyes U.S.

  March 12, 2009,

  PartyGaming Plc reported its online gaming net revenues were up 3% for the full year of 2008 compared to the previous year. All segments of the company's business saw revenue growth, with the exception of poker, which saw...

   

• Cheaper Rooms for the WSOP? Thank Sin City's Reputation

  March 10, 2009,

  Poker players heading out to the 2009 WSOP this year were already slated to find cheaper accommodations. With consumers cutting back on discretionary travel, specials on Las Vegas hotel room packages have been flooding email...

   

• MGM Warns It May Default on Debt, Bankruptcy Possible

  March 04, 2009,

  In recent days, investors sensed there was a possible problem at MGM Mirage. Its fourth quarter earnings report was long overdue; in fact, the release hadn't even been scheduled. And last week, the casino operator announced...

   

• Trump Entertainment Returns to Bankruptcy Protection

  February 20, 2009,

  Last week, Trump Entertainment Resorts filed under Chapter 11, marking the third time the casino operator has sought bankruptcy protection. The filing had been anticipated since the company missed a $53.1 bond payment...

   

• A Flurry of Online Poker Sponsorship Signings

  February 19, 2009,

  Poker sponsorship is alive and well, with a half dozen major new player signings highlighting the latest news from the online poker world. Danish poker pro Peter "Zupp" Jepsen has become the fourth player to sign...

   

• World Poker Tour's Fourth Quarter Losses Mount

  February 18, 2009,

  This week, World Poker Tour Enterprises (WPTE) reported higher losses in the final quarter of 2008. The producer of televised poker tournaments reported a net loss of $3.3 million for the fourth quarter of 2008...

   

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