Well-known venture capitalist Chamath Palihapitiya is considering launching a schedule of new high-limit poker tournaments in the US along with the help of some friends. He posted the idea to X, explaining that the prize pools would be in the millions, with buy-ins typically ranging between $50,000 and $1m+: My friends and I are considering […]
Hellmuth boycotts the Main Event Every two years for the last ten years, the average age of a poker player has increased by almost one year. This statistic, which was told to me by one of poker’s leading marketeers, was brought sharply into focus yesterday when the 1989 WSOP Main Event champion announced that he […]
DraftKings top domestic large-cap internet gaming stock, says Macquarie Favorable demographics, cash flow support bull case Even with Tuesday’s pullback, DraftKings (NASDAQ: DKNG) stock is on a scintillating run, having surged 29.41% over the past month. At least one analyst believes the name is the best way to tap into the US internet betting space. […]
Light & Wonder Paying $850 million for charitable gaming business Acquired company is profitable, deal expected to close in second quarter Light & Wonder (NASDAQ: LNW) said it’s paying $850 million in cash for the charitable gaming assets of Grover Gaming, Inc. and G2 Gaming, Inc. The purchase price could increase to $1.05 billion based […]
Phil Hellmuth has revealed that he won’t participate in the 2025 WSOP Main Event, labeling it as an “endurance contest” that is especially grueling for older players. The 60-year-old posted a video to X on Tuesday explaining his decision: I am not playing the @WSOP Main Event. It has become an “Endurance contest.” I truly […]
PokerStars and WPT lead the way All around Las Vegas right now, poker players are losing weight and for once, it’s not for a prop bet with Bill Perkins. On February 22, poker’s brightest stars will squeeze themselves into aspirational formal wear and descend upon the PokerGO Studios for a night of glitz, glamour and… […]
If the opening day of the World Series of Poker (WSOP) is like the Christmas morning of the poker calendar, the release of the summer WSOP schedule is, what, like seeing the wrapped presents under the tree the night before? I don’t know, I’m reaching. with 100 live gold bracelet events, it is the longest […]
Shocking tragedy The UK poker scene was left reeling this week from the unexpected death of one of its leading ladies, Ellie Nixon. Her heartbroken husband, the popular UK pro player and coach Jamie, broke the news on Facebook with the following message: “Don’t really know how to put this into words but our wonderful […]
IAC already owns about 22% of the casino giant Diller says MGM shares are deeply undervalued IAC/InterActiveCorp (NASDAQ: IAC) could consider boosting its already sizable stake in MGM Resorts International (NYSE: MGM), according to Chairman Barry Diller. Barry Diller in a 2021 interview. He said IAC could consider lifting its stake in MGM. (Image: CNBC) […]
Monarch delivered strong fourth-quarter earnings on Wednesday, driving share prices higher A strong balance sheet has Monarch considering new acquisitions Monarch currently owns two properties — Atlantis in Reno and Monarch Casino in Black Hawk, Colo. Shares of Monarch Casino & Resort (NASDAQ: MCRI) surged Wednesday after the gaming company delivered fourth-quarter earnings and revenue […]