We read about the online poker rooms run by PokerStars and bwin.party brands, but there is much that goes on behind the curtains as well.
For instance, you might think that both brands are competitors, but GVC is the company that owns these brands and they have announced that they would be passing out a dividend payout to the shareholders even though a payout was ruled out this year.
The firm released this news when a 10c per share as a special dividend was announced for the current financial year. It previously had declared that the company would be taking a dividend holiday this year as per the Cerberus loan terms that it is under. The good news is that the company is ready to pay off the loan by the beginning of February in the next year. As a result, it would be in a position to make the dividend payout as it would be taking on a Nomura debt instrument that would lighten its burden. Not only has GVC announced that it would be making the dividend payout in February but there are other beneficial changes being introduced as well.
Delaware has seen record highs in a collection of online poker revenue and there is hope for more improvement as well.
The online economy for poker in this state reached a record breaking high in July. The summer months are usually less lucrative for online gaming sites, but the three sites owned by the Diamond state earned a lot of profits that was cumulative of the amount $281,000. The total dollars that were wagered amounted to 6.6 million in total.
Even though the state recorded high level earnings in the iGaming sector in the month of July, if you look at the comparative performance it is still disappointing. There has definitely been an increase as per the same period in 2015 as well as over July 2014. The main earners have been revenue in video lottery where the total earnings have been about $161,000 and poker has led to earnings amounting to $33,000.
Among the iGaming entities in the state poker lags behind other categories. Though the earnings in every category have gone up there was more expedited at the time when the online gaming regulations came into vogue in the Delaware State in 2012.
On Friday, the World Poker Tour landed in Canada again.
On a wet fall day, poker pros sought refuge inside Playground Poker Club for partypoker.net WPT Montreal 2015 to try their chance on Friday the thirteenth.
Situated in Kahnawake, Quebec, across St. Lawrence River from historic and beautiful Montreal, the Playground Poker Club is a real world-class facility fitted to arrange a world-class tour. Along with the buy-in set at US$ 3850, 127 poker pros purchased a beginning stack of 30000 in chips to attempt to make a stack worthy of the second day. Just forty-five players could to do so, and they counted and pocketed their chips after ten one-hour levels of play.