$60 million to expand social casino portfolio Penn National Gaming (Penn) has acquired social gaming company Rocket Games for a consideration that could potentially reach "up to $170 million". Penn will pay $60 million in cash, as well as earn-outs of up to $110 million based on company performance over the next two years. Based in San Francisco, Rocket Games...
Governor Cuomo approves law passed by the state legislature in June A New York state bill defining daily fantasy sports as a game of skill which was passed in June this year has finally been signed into law by Governor Andrew Cuomo... in time for the NFL season for relieved operators. The bill gives the New York Gaming Commission the...
DFS operators will be keenly watching further developments Those with interests in the New York State daily fantasy sports (DFS) market will learn the future of the popular pastime within the next ten days. A bill, legalising and regulating daily fantasy sports, which was passed by the Legislature mid-June this year reportedly landed on New York State Governor Andrew Cuomo's...
Valve to occupy nine floors of new tower block in Washington State Bellevue, Washington state-based online video gaming group Valve, which is the leading provider of games used in eSports competitions, has signed up for nine floors of offices in a new office tower in the city, located on Lake Washington opposite Seattle. Valve has leased 225,000 square feet of...
30-year-old professional player takes home $681,758 James "Mig.com" Mackey, a thirty-year-old online and live poker professional player from Missouri, has claimed victory in the $3,700 buy-in World Poker Tour Choctaw NLHE competition after besting a field of 1,066 in the re-entry event. The win brought Mackey a bank account boosting $681,758 in prize money, bringing his career earnings to well...
Last flurry passage late into Sunday night as two-year session closes Initial reports suggest that the Massachusetts legislature, in the wrap-up of its two year session which moved late into the night Sunday, has passed major bill H4569, an economic package that includes daily fantasy sports. The bill allows for the temporary operation of daily fantasy sports in the state...
Under 1 percent year-on-year improvement recorded by regulator The end of June 2016 saw the completion of the Nevada gambling fiscal year, which ended just short of 1 percent up on fiscal 2015 with total revenue of $11.12 billion, according to a report issued Friday by the Nevada Gaming Control Board. Although a slight improvement, the total is substantially lower...
Real-money international poker launch bedevilled by foreign negotiations InfoPowa readers wondering what happened to the international online poker initiative of the Iowa Tribe of Oklahoma had their answer this week in a statement from the tribe advising that the proposed launch date has been postponed to October 15 this year. The delay is apparently due to negotiations with foreign governments...
Online players are not required to report their accounts to FinCEN as foreign bank accounts...but they must do so in respect of e-processor accounts The legal publication JDSupra.com reported Friday on an interesting July 21 ruling by the Ninth Circuit Court in the United States, which determined that a taxpayer who held online poker accounts with PokerStars and PartyPoker is...
Trump Taj Mahal closure will result in the loss of 3,000 jobs Multi-billionaire entrepreneur Carl Icahn has apparently decided to cut his losses on his Trump Taj Mahal casino investment following battles with the New Jersey government and local trade unions. Presidential candidate Donald Trump has not been involved in the business for several years, although he allowed the Trump...
