Paysafe Going Public Via $9 Billion SPAC Deal

Paysafe Going Public Via $9 Billion SPAC Deal Thumbnail

Quick way to become publicly traded Online payment processing company Paysafe Group has agreed to a merger with the special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp. II (FTAC). As a result, Paysafe will become a publicly traded company. The deal values Paysafe at $9 billion. FTAC is led by billionaire Bill Foley, hence… Read more »

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Dan Bilzerian Named Ambassador for GGPoker

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When you already have one of the most popular players in the game today, what else do you need for your online poker site? Apparently, the management behind GGPoker didn’t feel that having Poker Hall of Famer Daniel Negreanu on their team was enough. Thus, GGPoker announced on Thursday the signing of…well, let’s just call… Read more »

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Evolution Completes NetEnt Acquisition, Hundreds of Employees to Be Laid Off

Evolution Completes NetEnt Acquisition, Hundreds of Employees to Be Laid Off Thumbnail

Shareholders happy, employees out of work Despite all the problems this year, 2020 has been great for online gambling companies because everyone has spent much more time at home. But while things have been lucrative for companies, hundreds of employees of NetEnt are about to find themselves unemployed. On Tuesday, online gaming company Evolution, which… Read more »

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2020 Poker Hall of Fame Nomination Process Open

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Make your voice heard The World Series of Poker has opened the public nomination process for the 2020 Poker Hall of Fame class. It is only open until December 11, so submit your nominations quickly if you want a say in one of the few good moments of this trash heap of a year. As… Read more »

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2020 World Series of Poker Main Event Begins, Julian Menhardt Takes Early Lead on GGPoker

2020 World Series of Poker Main Event Begins, Julian Menhardt Takes Early Lead on GGPoker Thumbnail

International players kick it off The $10,000 World Series of Poker (WSOP) Main Event kicked off on Sunday with the first of three starting flights on GGPoker. 246 players signed up for Day 1A of the “International Bracket,” with just 62 moving on to Day 2. Julian “VWgunther” Menhardt emerged as the chip leader with… Read more »

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Michigan Online Gaming Regulations Approved, Sites Could Launch in December

Michigan Online Gaming Regulations Approved, Sites Could Launch in December Thumbnail

Lawmakers speed up approval I’m not making any promises, but there is as chance – a chance – that online gambling could go live in Michigan this month. Tuesday morning, the state legislature’s Joint Committee on Administrative Rules voted to forego the 15-day period during which it can evaluate the new online gaming regulations, effectively… Read more »

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