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Verge soars 800% in a Week

December has been an extraordinary month for crypto currencies so far This time it is Verge (XVG) that has catapulted into the top 20 crypto currencies with its market cap nearing $2 billion The blockchain-based crypto currency rose by 12165 percent in last 24 hours alone According to the coinmarketcapcom, it is currently trading at..
8 years ago

Pennsylvania poker rooms collect $4.8 million in Nov

Pennsylvania Gaming Control Board has revealed that the state’s 10 poker rooms have collected $48 million revenue in the month of November According to the regulators, the revenue of the last months is higher compared to the October month Pennsylvania Poker Rooms collected $476 million in rake in October 2017 Although, compared to November..
8 years ago

Bitcoin Cash hits new record; crypto market past $600 billion

The forked coin, Bitcoin Cash is the latest crypto currency to be benefiting from the shift in investor sentiment It was not the same for the largest crypto currency Bitcoin which slumped more than $2000 in the last 24 hours Bitcoin Cash picked up on Wednesday and surged past $3,000 to record its all-time high $378270 at 01:49 UTC, according to..
8 years ago

Penn acquires Pinnacle for $2.8 billion

In a deal worth about $28 billion, Penn National has acquired Pinnacle Entertainment The casino operator seeks diversification and cost cutting from the acquisition The deal also means that Penn is now the third largest American casino operator after MGM Resorts International and Caesars   According to the company statement, Pen national is..
8 years ago

Glasgow punter takes a £1000 on 200-to-one odds

  One Glasgow punter is celebrating Christmas early, having won £1000 from a £5 bet The unnamed footie fan placed the bet on Hearts v Celtic score at one of the William Hill’s Glasgow branches The odds of the scoreline at the start of the game were 200 to one   Hearts win over the rampant Celtic FC by four goals was..
8 years ago

Kalidow Sow crowned champion at PokerStars Championship Prague

Kalidou Sow has claimed the PokerStars Championship Prague Main Event, taking home €675,000 in winnings The Frenchman beat the veteran Jason Wheeler in the heads-up battle  There was not much to separate Sow and Wheeler as they came to the final day with almost the same stack of chips The two leaders held the chip lead throughout the..
8 years ago

QTUM climbs 189% in under 8 hours

QTUM is the latest crypto currency to make the headlines Registering significant gains in past few days, it is now #14 crypto currency in the world with a market capitalization of $51 billion With Bitcoin at a striking distance of $20,000 mark, all eyes are on the cryptocurrency However, QTUM too grabbed the attention of the industry insiders..
8 years ago

2017 PokerStars Championship Prague Main Event; Sow Leads

The stage is set for the final day of the PokerStars Championship Prague Main Event wherein the last six of the 140 fight for the €775,000 prize on Monday, December 18   At the close of Day 4, Kalidou Sow was sitting at the top of the leader board with 8135 million in chips in his stack Sow overtook Jason Wheeler and Michal Mrakes to..
8 years ago

Rhode Island likely to legalize sports betting next year

Rhode Island is mulling over the possibility of legalizing sports betting next year The likelihood of New Jersey’s winning the sports betting case in the US Supreme Court has given other states to consider the prospects of online gambling products or just sports betting   In the New Jersey betting case, the Thoroughbred Horsemen's..
8 years ago

Atlantic City casino revenues up by 4.6 percent

Atlantic City's casinos have registered an increase in revenues by 46 percent for the month of November The gains in revenue have come as a silver lining for the struggling gambling industry  The seven casinos collected $2064 million in last month, compared with $1972 million in November 2016 Internet gambling revenue appreciated by 20..
8 years ago

Bitcoin on the brink of $20,000

Bitcoin has rallied to a new high, soaring to $19,78306 early Sunday Currently, according to CoinMarketCap website, it is trading at $18,948 with the market cap of $317 billion for the largest crypto currency   The value of one Bitcoin (BTC) reached a new record high on Sunday but dropped back below $19,000 the same day As of this writing,..
8 years ago

Bitcoin hype keeps me awake at night: Bank of Canada Chief

The chief of Bank of Canada, Stephen Poloz said that the hoopla around Bitcoin keeps him awake at night He was speaking during the year-end speech titled “Three Things Keeping Me Awake at Night” at the Canadian Club of Toronto   In his speech, Poloz told those present at the club that cyber threats remain one of the his chief..
8 years ago

Michigan House gives nod to Gambling Law

Michigan House of Representatives committee has passed the bill to legalize online gambling in the state of Michigan on Wednesday   The Bill, House Bill 4926, was introduced by Republican Brandt Iden in the house three months ago He had earlier said that he wanted to see it pass the House by Thanksgiving As the legislative session has come..
8 years ago

Satellite casinos are not welcome: Philadelphia City Council

The Philadelphia City Council has said no to Category 4 “mini-casinos” gambling venues within its downtown area The officials voted 17-0 against the motion The members of the council were quick with the explanation of the unanimous vote, saying they want to send “a strong message” to legislators in the Harrisburg..
8 years ago

2017 PokerStars Prague Main Event Day 3 – Paul Michaelis in Lead

Paul Michaelis has extended his lead on Day 3 of the 2017 PokerStars Championship Prague Main Event As Day 3 came to close, Michaelis’ heads the leaderboard with 127 million in chips  48 others join Michaelis in the pursuit of the title A total of 140 players made starts in the tournament, with only 127 players getting a chance to take..
8 years ago

Woman arrested for laundering money via Bitcoin to ISIS

A woman has been charged with sending tens of thousands of dollars worth of Bitcoins to ISIS fighters overseas The woman, identified as Zoobi Shahnaz of Brentwood, used bogus information to swindle money from the banks According to the Acting US Attorney Bridget Rohde’s statement, the 27-year-old woman engaged in a bank fraud scheme to..
8 years ago

Iowa likely to legalize sports betting

Iowa could join Nevada to become the second state in the United States of America where betting on sports is legal However, it all depends on New Jersey’s case of questioning the constitutionality of the status quo If the ruling comes out in favour of New Jersey, Iowa state’ lawmakers might try to take advantage of the opening The..
8 years ago

Pennsylvania casino handed record fines

Mohegan Sun Pocono has been slapped with record fines, totaling $1 million, by Pennsylvania's casino gambling regulators on Wednesday, December 13 The casino has failed to follow internal controls and doing business with unlicensed vendors, for which it has been fined $450,000 and $550,000, respectively This is one of the highest one-time fines..
8 years ago

Ripple gains over 70%; closes in on Bitcoin Cash

It is Bitcoin that has been making the ripples in the finance sector for quite some time now It was about time for Ripple to take the driver seat of the crypto market with record gains, to move closer to $1 The market capitalization of the crypto currency has increased by $6 billion in the last 24 hours to consolidate the total cap to $287..
8 years ago

Australia gripped by addiction to poker machines

A recent report by the Australia Institute has brought to light Australia’s addition to poker machines The survey makes the revelation on the concentration of poker machines, finding – more machines are located in Australia than in any other country About 80% of the world’s poker machines are in positioned at gambling venues,..
8 years ago