Poker Stocks in the news
The parent company of Microgaming Network online poker room Unibet released its 2009 first quarter financial statements on Monday. The company is traded under the symbol "UNIB" on the OMX Nordic Stock Exchange. Read more »
In its 2008 end of year results released this week, 888, the parent company of Pacific Poker, revealed that its operating income grew by 21% last year to $262.5 million. In 2007, it reported operating income of $216.9 million. Read more »
In recent news announced to the London Stock Exchange, the Chief Executive Officer (CEO) of NEOVIA Financial, the parent company of Neteller, has left his post. The news of the departure of NEOVIA President and CEO Ron Martin was revealed in a Trading Update last week to the Exchange. Read more »
In its end of year results released to the London Stock Exchange on Wednesday, Party Gaming's Net Revenue was up 3% to $472.9 million during the 2008 calendar year in comparison to 2007. PartyPoker saw its Net Revenue sink by 7% to $274 million over the same period. Read more »
With the economic situation still worsening around the world, one of the largest corporations involved in the Las Vegas economy is facing potential bankruptcy with its current loan balances. Read more »
In a recent article from the Reuters news service, it was revealed that an agreement between Sportingbet and the United States Department of Justice is expected sometime in 2009. The agreement may absolve Sportingbet of any wrongdoing that occurred prior to the passage of the UIGEA in 2006. Read more »
Online gaming software developer CryptoLogic Limited has fired back at ex-CEO Javaid Aziz, claiming that he is in breach of contract related to his severance from the company. CryptoLogic has said it's entitled to get back more than €1.5 million currently held in escrow under terms of his severance agreement. Read more »
At the start of business on Friday, the English online and live gaming organization Ladbrokes PLC announced its preliminary 2008 financial statements, turning a profit for the year despite the economic collapse of late last summer. Read more »
On the same day that World Poker Tour Entertainment (WPTE) officials announced that cable station Fox Sports Net would pick up the rights to carry Season VIII of WPT programming, the company released its financial results for the fourth quarter of 2008 as well as the full calendar year. Read more »
On Friday, the publicly traded online gaming company PartyGaming PLC announced their fourth quarter 2008 Key Performance Indicators, which were lower compared to the fourth quarter of the year previous but overall showed the company with a profit for the entirety of 2008. Read more »
Next Friday, the world's largest online gaming company that is traded on a national stock exchange, Party Gaming PLC, will announce its fourth quarter 2008 earnings and key performance indicators. The organization is the parent company of popular online poker room PartyPoker. Read more »
On Thursday, Playtech, which owns and operates the popular iPoker Network, released its financial figures for the fourth quarter of 2008. The highlight was word that the company's revenues had skyrocketed to €111.5 million during the year 2008, up 70% from €65.7 million in 2007. Read more »
Continuing what has been a significant changeover in the leadership of the company, it was announced today that the managing director of PartyGaming, John O'Malia, will step down from his post effective at the end of February. Read more »
Recently, the CryptoLogic Network, whose online poker sites include InterPoker and, until January 29th, Playboy Poker, announced that the move of all of its rooms to Boss Media will occur by the end of March. Read more »
After a tumultuous 2008 for the company, the Swedish online gaming conglomerate Svenska Spel announced today that a new Chief Executive Officer for the company has been found. Read more »
The recent news in December of Party Gaming co-founder Anurag Dikshit's plea bargain with the U.S. Department of Justice thrust the company back into the spotlight. Now, in a recent interview with Financial Times, new Chief Executive Officer Jim Ryan has announced his plans for returning the company to the lofty perch it once held. Read more »
Automated poker tables may soon become a staple of Norwegian Cruise Lines. The company signed an agreement with the popular cruise line to install tables on the Norwegian Pearl for a 90 day test period. Read more »
Gaming software leader CryptoLogic Limited announced Monday that it will partner up with Orbis Technology Limited, an industry leader in the provision of interactive gaming and betting solutions. Read more »
As the current economic downturn continues to bedevil companies worldwide, the previously thought "recession proof" industry of casino gaming has also been affected. The CEO of Las Vegas Sands Corporation, Sheldon Anderson, recently put $1 billion of his own funds into the organization that owns the Venetian in Las Vegas and suspended building projects at many of their locations. Read more »
PokerTek, the company responsible for the move towards the automation of live poker rooms around the world, announced last Friday that effective the start of trading on the NASDAQ exchange yesterday, the company's stock would now be listed on the NASDAQ Capital Market instead of the NASDAQ Global Market. Read more »
On Tuesday, GigaMedia Limited, which is the exclusive provider of software to online poker room Everest Poker, reported a 24% growth in consolidated net income to $12 million during the third quarter of 2008. The figure was up from $9.7 million during the same period in 2007. Read more »
Internet gaming software leader CryptoLogic Limited announced its financial results for the three months ending September 30, 2008. The company posted a net loss of $5.9 million, including a foreign exchange of $4.2 million, leading to a new strategic poker partnership with GTECH Corporation. Read more »
In a press release posted on Marketwire this morning, it was revealed that the online poker clients of the CryptoLogic Network will merge with Boss Media in the beginning of the 2009 calendar year. Sites on the CryptoLogic Network include Sun Poker, Playboy Poker, Interpoker, Classic Poker, Betsafe Poker, and William Hill. Read more »
Recently, the Entraction Network released its financial figures for the third quarter of 2008. The numbers in Q3 2008 in comparison to the third quarter of 2007 were dramatically different, much to the delight of the company's investors and stakeholders. Read more »
On Tuesday afternoon, World Poker Tour Enterprises announced their third quarter 2008 earnings, which were significantly down overall versus the same time period of 2007. Yet both of the executives who were on the investor call on Tuesday were confident that WPT Enterprises could turn around with the repositioning of the company in the coming year. Read more »
