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.

• UK 'Super Casino' Plan Officially Shelved

  February 29, 2008,

  The on-again, off-again story of the United Kingdom's announced plans for "super casinos" that would rival the largest casino properties found in America has again returned to an "off" state. The controversial plans for a new...

   

• Harrah's 2007 Earnings Report: Regional Clouds and Silver Linings

  February 28, 2008,

  On Wednesday, Harrah's Entertainment released its Fourth Quarter and Full Year financial results, giving us a window into the largest casino operator in the world and a view of the health of the industry at large. As the rights holder...

   

• PartyGaming and 888 Post Solid Q4 Growth

  February 15, 2008,

  In business, as in poker, winners and losers are decided on participants' ability to adapt. Perhaps there was no bigger challenge for online gaming businesses PartyGaming and 888 Holdings than finding ways to adapt after the passage...

   

• PokerNews.com Announces Renewal with BLUFF for World Series of Poker Coverage

  January 31, 2008,

  PokerNews today announced the renewal of their media pact with BLUFF Media for continuing 'live reporting' of World Series of Poker events, including this summer's preeminent poker world get-together, the World Series of Poker at the Rio...

   

• Harrah's Sale Completed

  January 30, 2008,

  On January 28th, the sale of Harrah's Entertainment Inc. to private equity firms Apollo Management, L.P. and TPG Capital, L.P was completed. The sale closes the public ownership chapter of the largest casino operation in the world...

   

• Binion's New Local Ownership Approved

  January 29, 2008,

  It came as no surprise that the Nevada Gaming Commission has unanimously approved the license for the turnover of Binion's Gambling Hall and Hotel. After all, the license application was from Terry Caudill, owner of the Four Queens...

   

• Neteller Issues Outlook and Deadline Reminder

  January 15, 2008,

  While many poker players have long since had a fading interest in NETeller's well-being, there are many that should pay heed to the online payment processor's latest press release. While NETeller announced it had reimbursed...

   

• Lightning Poker Awarded U.S. Patent

  January 04, 2008,

  Pennsylvania-based Lightning Poker, Inc., one of the two largest makers of electronic poker tables for use in live-action casinos, has been awarded a patent for one specific element of its products...

   

• New Year Brings Casino Business Updates

  January 02, 2008,

  Dubai World has increased its stake in MGM Mirage by five million shares, which it purchased from the Lincy Foundation, a charitable organization founded by Kirk Kerkorian. The acquisition by the investment arm of the Dubai...

   

• Nevada Approves Harrah's Sale

  December 27, 2007,

  Last week, the all-important state of Nevada approved the proposed acquisition of Harrah's Entertainment by private-equity firms Apollo Management and TPG Capital. Harrah's shareholders approved the sale in April 2007...

   

• Mizzi/Vaughn Update – Vaughn Out at Bluff

  December 10, 2007,

  As the developments of the recently revealed account purchase story between Sorel Mizzi and Bluff Managing Editor Chris Vaughn continues to unfold, Bluff Media released the following statement...

   

• Harrah's: Clearing Hurdles and Kansas Casino Plans

  November 29, 2007,

  Yesterday, Harrah's Entertainment Inc. announced that it had received approval from the Missouri Gaming Commission for the company's proposed acquisition by Apollo Management and TPG Capital. Missouri is just one of the many jurisdictions...

   

• Harrah's Eyes Possible Online Poker Venture

  November 16, 2007,

  During a panel discussion at this week's Global Gaming Expo, Harrah's Chief Executive Gary Loveman divulged that the company is looking at the possibility of establishing World Series of Poker branded online poker sites. While exempting...

   

• Casino Earnings Roundup: Harrah's, MGM and Wynn All Report

  November 13, 2007,

  The casino sector has been a darling of the Wall Street crowd for some time now, but even the hottest sectors have to take a breather. It seems like for some casino companies, exceeding expectations...

   

• WPTE Third-Quarter Earnings: Lipscomb Disappointed

  November 07, 2007,

  The third quarter was poised to be a turnaround quarter for World Poker Tour Enterprises, perhaps witnessing when the seeds of their beleaguered strategy for online gambling would finally start to flourish. But during WPTE's earnings...

   

• MGM Mirage Announces Atlantic City Complex

  October 11, 2007,

  On Wednesday, MGM Mirage announced plans to build a $4.5-$5 billion casino complex in Atlantic City. The complex will have a 3,000-room hotel facility, the largest casino floor in the state, a poker room, a 1,500-seat theatre, restaurants...

   

• Bodog Domain Move Due to Disputed Patent-Case Judgment

  August 29, 2007,

  More light has been shed on Bodog's recent difficulties, resulting in their mid-week URL change. On Tuesday, Bodog's owner Calvin Ayre's disclosed that the company was involved in a dispute relative to their domain name ownership...

   

• Dubai Buys into MGM's CityCenter

  August 24, 2007,

  Wednesday, MGM Mirage Inc. announced that it was selling half its interest in CityCenter, their newest Las Vegas strip project under development, to Dubai World, a Dubai government-owned holding company. For $5.1 billion, Dubai World...

   

• Harrah's Earnings: A Look at an Industry Bellwether

  August 09, 2007,

  Tuesday, Harrah's Entertainment announced their financial results for the second quarter of 2007. For investors, this will be one of the few remaining views into the performance of the world's largest casino operator. On April 5, shareholders...

   

• WPTE Announces Earnings and China Deal

  August 08, 2007,

  It has been a busy week for World Poker Tour Enterprises (WPTE). On Monday, August 6th, WPTE signed a deal with China Leisure and Sports Administrative Center (CLSAC), an arm of China's national State Sports Administration, and today...

   

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