Poker Financial News

01.01 / 01:23

markets UPS Platform Trade poker Courts Money gaming sees its first big casualty; New Year to be critical

money gaming in India. 2024 closed on a grim note: GetMega, a firm which raised over $20 million from institutional and angel investors to grow its business and marshal lakhs of subscribers, has shut down.

21.12 / 16:21

Provident security Bill President poker rights Interviews Government funding difficulties create gloom for federal workers before Christmas

Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown from his three boys as he weighs how much to spend on Christmas presents

05.12 / 12:41

markets Citi wellness President poker Sporting Legislators propose 15% to 25% tax rate for new states adopting internet gambling

Lawmakers from states with legalized gambling are proposing standards for other states that are considering allowing internet betting

28.11 / 05:45

markets CEO Strategy Sustainability Experts poker Sporting Nazara completes Rs 855 crore fundraise led by SBI Mutual Fund

Online gaming company Nazara Technologies has raised Rs 855 crore (around $100 million) through a preferential issue of over 89 lakh fully paid equity shares to a group of investors. The funding was led by SBI Mutual Fund, which invested Rs 220 crore, with participation from notable investors such as Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments, and Aamara Capital. The fundraising, approved by Nazara’s board in September, increased the company’s paid-up equity share capital from Rs 30.6 crore to Rs 34.2 crore.

29.10 / 00:05

exclusive rock poker Courts rights Sporting Seminole Tribe settles legal challenges to online sports gambling exclusivity in Florida

The Seminole Tribe of Florida and a group of businesses that operate racetracks and poker rooms have settled a yearslong legal dispute over whether the Seminole Tribe should have exclusive rights to online sports betting in Florida

28.09 / 01:37

markets Election President show poker Schools Updates Nate Silver has good news for Kamala Harris? Here's what he says about her key edge in his latest poll predictions

Nate Silver's latest election forecast indicates that national polls now favor Kamala Harris, with the vice president leading former President Donald Trump by three percentage points. The figures are 49.1 percent for Harris compared to Trump's 46.1 percent. In his update, Silver mentioned, “A lot of polling since our last update, and the model mostly liked it for Harris — especially the national polls, which show her lead expanding to an even 3 points.” He added, “Forecast still in toss-up range, but we’re at a point where you’d probably rather have Harris’s hand to play."

13.09 / 06:52

IPO CEO Platform Trade Experts poker Sporting Nazara Tech shares jump 4%, hit 52 week on cos plans to acquire stake in PokerBaazi parent

Nazara Technologies gained over 4% to hit a fresh 52-week high of Rs 1,048.80 on the NSE after the company announced plans to acquire a 47.7% stake in Moonshine Technology Private Limited (MTPL) for Rs 832 crore. Additionally, Nazara will inject Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares. Moonshine is the parent company of PokerBaazi, an online poker gaming platform.

13.09 / 05:40

markets UPS CEO Platform poker reports Nazara picks up 47% stake in PokerBaazi parent Moonshine for Rs 832 crore

Nazara Technologies has acquired 47.7% stake in Moonshine Technology, the parent company of online poker gaming platform PokerBaazi, for Rs 832 crore through a secondary transaction. Additionally, Nazara will inject Rs 150 crores in primary capital into Moonshine via compulsory convertible preference shares, the Mumbai-based firm said in a stock exchange filing. Led by founder and CEO Navkiran Singh and cofounders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, Moonshine generates over 85% of its net revenue from PokerBaazi, while its fantasy sports platform, SportsBaazi, contributes 12%. As of May 2024, PokerBaazi had around 340,000 monthly active users.

29.08 / 20:35

Provident Platform community exclusive poker CoinPoker Partners with PokerCoaching to Offer $2,000 Weekly Freerolls

Leading blockchain-powered poker platform CoinPoker has partnered with PokerCoaching.com, a premier poker training site that has trained over 120,000 players.

29.08 / 16:32

Blockchain Football show cover poker reports Mario Mosböck Partners With CoinPoker To ‘Build The Best Online Poker Site’, Showcasing PoR on the Blockchain

Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.

21.08 / 00:59

Blockchain Platform Entertainment security community love poker A Decentralized Casino Enters the Solana Ecosystem

Get ready, Solana enthusiasts — a game-changing decentralized casino is joining the Solana ecosystem! Solana’s blazing speed and low fees perfectly complement our mission to deliver a seamless, transparent, and truly fair gaming experience. Whether you’re into slots, betting, or poker, our platform is designed to give you the ultimate decentralized entertainment, all powered by the Solana network.

20.08 / 22:54

Dogecoin Target Google ICO community poker Early Dogecoin Holders Move to New Dog ICO, Targeting 3,986% Profits

Old-school Dogecoin ($DOGE) fans are checking out Shiba Shootout ($SHIBASHOOT) as its intriguing Web3 metaverse promises to recapture thememe coin excitement of Doge’s halcyon days.

12.08 / 13:31

COST UPS Reuters Experts poker Sporting US gambling crisis feared as online betting rises

sports betting. Asher, who asked that the Thomson Reuters Foundation use a pseudonym to protect the privacy of his recovery group, was drawn into gambling by online poker. «It is just so easy to open these gambling accounts online,» he told the Thomson Reuters Foundation. «At one point I lost over $500,000 to this addiction and almost lost my family.»

09.08 / 02:39

Google Apple community Experts social poker rights Crypto Experts Bet Big on This Emerging Shiba Inu Project

The week may have begun with a market-wide crash, but through the dip, investors have been getting a head start by purchasing Shiba Shootout ($SHIBASHOOT) tokens in Web3’s most exciting new presale.

03.08 / 19:28

film Actor Celebrity Diversity show classical poker Rounders 2: Is a sequel in the works? Matt Damon shares intriguing details

Matt Damon, renowned for his diverse roles, has recently hinted at a much-anticipated project that has fans excited. The celebrated actor, known for his role in the classic 1998 film Rounders, has revealed that the cast has expressed a strong desire to reunite for a sequel. Here’s a closer look at the latest developments regarding the potential Rounders sequel and what to expect from Damon's upcoming film.

14.07 / 17:11

UPS poker prevention Schools The dangers keeping India from winning the game

2023 hit the Indian gaming industry like a never-ending blizzard, akin to a real-life rendition of Murphy’s Law — everything that could go wrong, did go wrong. First up, some states banned real money games (RMG) such as poker to prevent harm to children and young adults. It was followed by a policy flip-flop on permissible and non-permissible games, and finally, the imposition of a 28 per cent goods and services tax on the sector.

12.07 / 21:58

film show audience poker stars Features Updates Poker Face Season 2: Check out latest update about filming and more

Natasha Lyonne returns to direct an episode of 'Poker Face' Season 2, as filming kicks off under the guidance of Rian Johnson. The series continues to captivate audiences with its unique detective format. Filming Begins Natasha Lyonne steps into the director's role for an episode in Season 2 of 'Poker Face'. Production started with a photo of the show's clapboard shared by Rian Johnson on Instagram. The clapboard listed Lyonne as the director for the second episode. Johnson marked the occasion with a simple message, «Day one season two».

26.06 / 18:17

UPS Aware Platform Experts poker Courts Online gaming companies get summons for cashback to players since October

GST Intelligence (DGGI) has sent fresh summons to online gaming companies, including Delta Corp, seeking details of the cashback given to the players from October onwards. The agency detected reimbursements of taxed money back to players as cashback in a separate promo account by online gaming companies post implementation of the 28% GST (goods and services tax) on the full entry level betting amount. The DGGI Gurgaon has sent summons for a period between October 2023 and June 15, 2024, ET has learnt.

17.06 / 20:17

UPS exclusive poker Courts rights Sporting US Supreme Court refuses to take up challenge to Florida's online sports betting compact

The U.S. Supreme Court has refused to take up a challenge to an agreement that gave the Seminole Tribe exclusive rights to handle online sports betting in Florida, dealing a blow to the deal’s opponents

18.05 / 04:15

UPS Strategy Trade poker information reports What's it like to work for Mike Platt at BlueCrest Capital Management?

If you want to work for afamily office that was previously a hedge fund and that’s run by a mysterious figure from Preston in Lancashire who’s kind to his mother, then good news: Mike Platt is hiring at BlueCrest. The Financial Times reported earlier this month that Platt intends to hire 30 portfolio managers, to add to the 170 “pods” it has already. The new hires, some of whom are already in process, will reportedly focus on areas like macro, commodities and systematic strategies.

14.05 / 08:29

markets Action security Strategy Trade poker information Nifty bulls Dear Nifty bulls, it’s time to take chips off the table

risk-taking, strategy, and uncertainty. In both, participants make decisions based on incomplete information, trying to anticipate and react to the actions of others. Both involve managing risk and adjusting tactics as the situation evolves. In both poker and stock markets, taking chips off the table is crucial for managing risk and securing profits. In poker, when you're ahead, it's essential to «cash in» some of your winnings by withdrawing chips from the game.

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