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.

• NETeller Shares Relisted on London's AIM Board

  July 26, 2007,

  With its prospects of returning to the U.S. market vanquished and subsequent bad news from other nations reducing its long-term viability, beleaguered online payment processor NETeller Plc nonetheless succeeded in having its shares...

   

• Penn National Gaming Agrees to Buyout

  June 16, 2007,

  Penn National Gaming, owner of 18 casinos and horse-racing courses across the U.S., has agreed to a buyout by private-equity companies Fortress and Centerbridge Partners. The total $8.9 billion deal, which involves $6.1 for the...

   

• Kerkorian Wants Bellagio and CityCenter

  May 23, 2007,

  Billionaire Kirk Kerkorian's Tracinda Corporation announced that it wants to negotiate to buy two of MGM's premier properties: the Bellagio and Project CityCenter, still under construction and due for completion in 2009. Tracinda...

   

• Absolute / Ultimate Bet Stop Using Pro Endorsees In U.S. Market

  April 14, 2007,

  Recently, a few things have found their way around the poker media about both Absolute Poker, and Ultimate Bet (now merged) terminating contracts with the players who endorse both brands...

   

• Harrah's Sale Clears Two Hurdles

  April 06, 2007,

  Apollo Management and Texas Pacific Group cleared two hurdles in their path to acquire Harrah's Entertainment. Yesterday, Harrah's shareholders voted to approve the $17.1 billion buyout which was first announced...

   

• UIGEA Effects: Hints from Online Poker's Financials

  February 21, 2007,

  In the last week or so, PartyGaming and 888 Holdings reported financial information, providing a first peek at how their departure from the US is effecting their bottom line. PartyGaming and 888 were among the first online poker sites...

   

• NETeller Axes 250 in UIGEA-Related Cutback

  February 16, 2007,

  NETeller's fall from the heights continued on Friday, with the announcement that the Canadian e-wallet services firm will trim 250 positions from its workforce. The continuing contraction will reduce the total number....

   

• NETeller Confirms Funds Seized by FBI

  February 08, 2007,

  Online payment processor NETeller stated in a press release published today that substantial funds are being held by American authorities, in connection with money-laundering charges brought last month...

   

• Lightning Poker Signs With Shuffle Master; 'ePoker Table' Market War Looms

  January 30, 2007,

  Shuffle Master, Inc., the company famous for card-shuffling machines in casinos worldwide, recently announced an exclusive distribution agreement with Lightning Poker, Inc. for promoting, marketing...

   

• Another Bid for Harrah's?

  January 29, 2007,

  Is Harrah's in play again? It seems that investors think so. On Friday, not only did the stock bump up over a dollar, but the options volumes were unusually heavy. On December 19, 2006, Harrah's agreed...

   

• Ladbrokes Reworks 888 Holdings Acquisition to Shield Against U.S. Regulation

  January 21, 2007,

  The long-rumored acquisition by British gaming giant Ladbrokes of 888 Holdings Plc, the parent company of Pacific Poker, has experienced another wrinkle. According to several British websites...

   

• Harrah's Accepts Sweetened Private Equity Buy-Out Offer

  December 19, 2006,

  Harrah's Entertainment finally announced today that it accepted a buy-out bid by two private equity firms, Apollo Management and Texas Pacific Group, for a total $27.8 billion...

   

• Opinion: Online Poker Industry Should Celebrate Sands-Cantor Entry

  December 06, 2006,

  Yesterday, shares of PartyGaming (UK:PRTY) and SportingBet (UK:SBT) were trading down on the news that a new B&M competitor was entering their UK online gaming space....

   

• Sands Announces Deal to Launch U.K.-Based Online Poker Rooms

  December 05, 2006,

  Las Vegas Sands Group announced earlier this week an agreement between one of its licensing affiliates and Cantor Gaming, to launch a Sands-themed online casino servicing the United Kingdom market....

   

• High Stakes Poker: Potential New Bid for Harrah's on the Horizon?

  November 29, 2006,

  CNBC reported yesterday that Penn National Gaming, Inc. has joined forces with hedge fund D.E. Shaw to work up a competing cash and stock bid for Harrah's Entertainment, Inc....

   

• Pinnacle Entertainment: Thriving in the Second Tier

  November 16, 2006,

  They say you can judge the strength of an industry by the health of its second tier participants. If Pinnacle Entertainment is any indication, the casino and poker industries are riding high. With mega competitors like Harrah's Entertainment and MGM M

   

• Another Euro Merger: Playtech Purchases Tribeca

  November 14, 2006,

  Hot on the heels of a press release issued last week, concerning the departure of U.K.-based poker network Tribeca Tables from the U.S. market, comes word that Tribeca itself will be purchased by rival Playtech. The deal is expected to make Playtech the

   

• Hot Rumor: Ultimate Bet and Absolute Poker to Announce Merger Monday

  November 03, 2006,

  PokerNews.com has learned that two of the more longstanding online poker brands are set to merge. The poker world is buzzing with rumors that Ultimate Bet, and Absolute Poker are set to announce their long-rumored merger...

   

• Merger Mania Strikes: MGM Mirage, Ladbrokes Pursue Online Poker Sites

  November 03, 2006,

  The U.K. stock-price devaluation that occurred after the Unlawful Internet Gambling Enforcement ACT [UIGEA] was signed into law has brought on a second wave of change, as merger and acquisition rumors...

   

• Harrah's Buy-Out: Will it Happen and What Might it Mean to Poker?

  November 02, 2006,

  On October 1, 2006, Harrah's Entertainment, Inc. confirmed it had received a $15 billion buyout offer from Apollo Management and Texas Pacific Group, two private equity firms. Since then it has been reported that Harrah's may have....

   

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