Daniel Negreanu Rebukes Phil Hellmuth for His Arrogance on Twitter

Daniel Negreanu Rebukes Phil Hellmuth for His Arrogance on Twitter

At the time when the second day of the Poker Masters Event #5 $100,000 NLHE ended, all eyes were set on young Fedor Holz who emerged as the chip leader of the final table. The attention towards him, however, was quickly distracted by what ended up as a verbal war between Daniel “KidPoker” Negreanu and Phil Hellmuth on Twitter. The fifth event of the inaugural Poker Masters series gathered a total players field of 36 entrants. Only 15 of these players returned to action on the second day of the…

Read More

Australian Federal Court Returns Tabcorp-Tatts Merger to ACT for Further Consideration

Australian Federal Court Returns Tabcorp-Tatts Merger to ACT for Further Consideration

The Australian Federal Court upheld an appeal against the long-discussed merger between the local betting company Tabcorp Holdings and the lotteries operator Tatts Group. If successful, the deal, which was estimated to about AU$11 billion, would create a betting giant that would hold a massive share of the Australian gambling market. Now, the two companies’ plans for their multi-billion merger have suffered a serious blow, with the Federal Court rejecting the proposed deal. The two operators’ proposed deal is now uncertain, as the Court ruled in favour of the local…

Read More

FOBTs Addiction Ruins UK Players Lives as Industry Awaits Government’s Review

FOBTs Addiction Ruins UK Players Lives as Industry Awaits Government’s Review

Fixed-odds betting terminals (FOBTs) – the machines that offer a large variety of casino games and some of the highest stakes in the industry – have been a controversial topic over the last few years. The machines have been put under a lot of criticism since almost day one, with many Members of the Parliament, as well as charity organisations blaming them for the large stakes offered and their addictiveness which ended up in ruining people’s lives. According to some researchers, uninterrupted machine play that can be very dangerous for…

Read More

Blackrock Increases Paddy Power Betfair Stake to 6.41%

Blackrock Increases Paddy Power Betfair Stake to 6.41%

The investment company Blackrock has increased its stake in the Ireland-based bookmaker Paddy Power Betfair. The move is associated to the purchase of 346,023 shares of the gambling operator at the price of €28.5 million, with the shares being valued at the closing prize of the shares on Friday, September 15th. The news of the stake increase was revealed shortly before the bookmaker officially announced its results for the profit generated over the first half of the year to the end of June 2017. Despite that the operator reported that…

Read More