Thursday, August 16, 2018

Questions, Concerns Continue About Atlantic City Rail Line Shutdown

Questions, Concerns Continue About Atlantic City Rail Line Shutdown
questions

Days after the NJ Transit announcement of a five-month shut down of the Atlantic City Rail Line in September, many are worried about the effect on AC casinos and commuters alike.

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New Jersey Sports Betting Venues Pile Up $57.1M over Two-Month Operation

CasinoGamesPro.com
New Jersey Sports Betting Venues Pile Up $57.1M over Two-Month Operation

New Jersey predicted it and is now reaping the benefits from sports wagering legalization as it is able to provide excellent rates of revenue for the developers exploring the field. Over the span of one month, Meadowlands Racetrack managed to witness a significant revenue generated, bringing a fair share of $75,415 per day of operation. […]

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Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

Casino News Daily
Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

The Jeju Shinhwa World integrated resort located on South Korea’s Jeju Island has raked in KRW369.4 billion (approximately $327.7 million) in revenue since its grand opening in February, local news outlets report. The property features one of the island’s nine casinos as well as a number of non-gambling options.

The reported figure places Jeju Shinhwa World well ahead of its local rivals. According to official data, Jeju Island’s other eight casinos generated the total amount of KRW136.5 billion during the same reviewed period. In addition, the Jeju Shinhwa World resort took in around five times more than South Korea’s biggest casino, Paradise City located in Incheon.

The Jeju Island-based resort was developed and is operated by Hong Kong-based real estate developer Landing International Development. The company commenced construction on what turned out to be a KRW2-trillion mega-scheme in 2014 and began opening the property in phases from April 2017. Aside from a gaming floor, the resort also features a hotel, a convention center, retail space, theme and water parks, a concert hall, and multiple food and beverage facilities.

Jeju Shinhwa World welcomed some 350,000 international visitors since it launched and around 115,000 played at its casinos, the resort has revealed.

Jeju Shinhwa World Shines amid Rivals’ Struggles

The Jeju Island has long been a popular hub for Chinese tourists. However, the island was among the places around South Korea to be hit the hardest last year by the economic cost of China’s unofficial but wide-ranging boycott of South Korean goods.

Among other things, Beijing banned group tours to Korea which saw the number of Mainland China visits to Jeju fall steeply. As a result, the island’s casinos, which relied heavily on Chinese VIP customers, experienced sharp declines in their gaming revenues.

Jeju Shinhwa World, on the other hand, appeared to have adopted a different model that eventually helped it mitigate the consequences of China’s ire. Instead of relying solely on Chinese customers, the resort stepped up its efforts to attract visitors from other countries in the Asia-Pacific region.

Serena Eng, Vice President of Marketing at the casino, said that they assembled teams that had to draw and cater to VIP guests from Japan, Hong Kong, Macau, and Taiwan and hired more staff that spoke Cantonese and Taiwanese Mandarin instead of relying solely on Beijing-style Mandarin-speaking staff members. That helped Jeju Shinhwa World reduce the proportion of its guests from China to just 50%, compared to up to 90% at other resorts across the Asia-Pacific region.

In addition, the resort’s casino paid special attention to VIP marketing as it derived 80% of its revenue namely from high roller players. The gaming floor at Jeju Shinhwa World currently features 165 gaming tables and half of these are dedicated to VIP players. In comparison, other resorts across the Jeju Island use just about 15% of their tables for high roller gaming action.

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Jeremy Kleiman on U.S. Gambling Market Opportunities at CEEGC 2018 in a special IMGL MasterClass

Casino News Today
Jeremy Kleiman on U.S. Gambling Market Opportunities at CEEGC 2018 in a special IMGL MasterClass

U.S. Gambling Market Opportunities debated at CEEGC 2018 in a special IMGL MasterClass with Jeremy Kleiman (Partner at the New Jersey law firm of Saiber LLC). Budapest – 16 August 2018 – The industry portals are full of news about the gambling industry in the U.S. and this flood of data started when the Supreme Court paved the way for ...

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Wednesday, August 15, 2018

FanDuel Sportsbook ‘Hopefully Online’ By Football Season, Meadowlands Owner Says

FanDuel Sportsbook ‘Hopefully Online’ By Football Season, Meadowlands Owner Says
FanDuel Sportsbook

Meadowlands owner Jeff Gural hinted in an interview that the FanDuel Sportsbook could launch online sports betting in New Jersey by the first kickoff.

The post FanDuel Sportsbook ‘Hopefully Online’ By Football Season, Meadowlands Owner Says appeared first on .

MGM Springfield Denied Request for Animated Parking Garage Sign

Casino News Daily
MGM Springfield Denied Request for Animated Parking Garage Sign

MGM Springfield’s request for an animated parking garage sign was denied by the Massachusetts Gaming Commission during a Tuesday meeting. Gaming commissioners voted 5-0 against the use of animations citing public safety and distracted driving concerns, local news outlet MassLive reported.

The parking garage sign will instead have rotating static images that will change every eight seconds. Gaming Commission spokeswoman Elaine Driscoll said that commissioners agreed to reconsider the issue after three months.

The announcement comes less than ten days before MGM Springfield’s grand opening on August 24. The property, developed and operated by Las Vegas gaming and hospitality giant MGM Resorts International, will be Massachusetts’ first commercial resort with a casino floor.

MGM Springfield lodged its request for an animated sign back in March. The casino told state gaming regulators at the time that its third-party consultant, Watertown-based VHB, had assured it after evaluating multiple studies that there had not been a “statistically significant correlation” between “outdoor electronic signs and driver safety”.

It was last week when the casino resort had its sign installed and lit up on the seven-story parking garage, just below its marquee. It now features a message that reads “We’re ready to roar” referring to the upcoming opening of the property and to MGM’s signature Leo the Lion mascot. MGM Springfield had its version of the emblematic lion put up last week.

The hotel and casino resort occupies several blocks in the downtown-South End area of the city of Springfield. MGM invested $960 million in what would be Massachusetts’ first commercial casino. Aside from a gaming floor with table games and slot machines, the property will also feature a six-story hotel, multiple food and beverage and entertainment facilities, and a parking garage, which MGM announced recently will be free for visitors and guests of the resort.

No Smoking

MGM Springfield officials confirmed earlier this week that smoking will not be allowed on the casino floor. The property will thus become one of nearly 800 casinos across the nation that are smoke-free.

Under the Massachusetts’ gambling regulations, all gaming venues operating on the territory of the state must be smoke-free. The Plainridge Park Casino gaming hall, which opened doors in Plainville in the summer of 2015, does not allow smoking on its gaming floor under the same requirements. The Encore Boston Harbor integrated resort currently under development in the Greater Boston area will, too, prohibit smoking at its casino.

MGM said that its Springfield resort will feature outdoor areas that will be designated for smoking. The operator pointed out that while regional competition, driving distance, weather conditions, and socioeconomic factors might impact the performance of a casino quite negatively, smoking status was not a factor that they are concerned by.

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Microgaming releases Exotic Cats slot

Casino News Today
Microgaming releases Exotic Cats slot

Microgaming unleashes a den full of wild rewards in newest release: Exotic Cats slot. Secret treasures await deep in the jungle in Exotic Cats slot, a five by three reel, 243 ways online game featuring vertical wilds and a host of majestic creatures to join players on their expedition to big wins. The lion, tiger, panther, leopard and cougar guard ...

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Mechoopda Indian Tribe Secures Casino Construction after 16-Year Legal Battle

CasinoGamesPro.com
Mechoopda Indian Tribe Secures Casino Construction after 16-Year Legal Battle

Tribal gambling in the state of California is booming and this could be easily seen by the most recent development related to a long-winded Indian casino drama involving Mechoopda Indian Tribe of the Chico Rancheria and the state. The good news confirms that the tribal casino developer would finally have the permission to built its […]

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Tuesday, August 14, 2018

Ondrej Lon Prevails at King’s Casino partypoker Grand Prix Germany for €84,686

CasinoGamesPro.com
Ondrej Lon Prevails at King’s Casino partypoker Grand Prix Germany for €84,686

In the poker world, there is one brand that manages to attract the attention of all enthusiasts with every tournament it introduces. Its latest one took place in the well-known and beloved King’s Casino in Rozvadov, the Czech Republic which is one of the hotspots when it comes to poker in Europe. Grand Prix Germany […]

The post Ondrej Lon Prevails at King’s Casino partypoker Grand Prix Germany for €84,686 appeared first on CasinoGamesPro.com.

CG Technology Holding hit with $250,000 fine

World Casino News
CG Technology Holding hit with $250,000 fine

In Nevada, local race and sportsbook operator CG Technology Holding has reportedly been fined to the tune of $250,000 for illegally accepting wagers after a contest had finished as well as for taking out-of-state bets. Handles sportsbetting for eight Las Vegas casinos: According to a Sunday report from the Nevada Appeal newspaper, CG Technology Holding […]

Winning Combination: Resorts Atlantic City To Open Sportsbook This Week

Winning Combination: Resorts Atlantic City To Open Sportsbook This Week
combination lock

If all goes according to plan, and pending regulatory approval, the Resorts sportsbook in Atlantic City will open on Wednesday, making it the first gaming operator in New Jersey to have both a retail and mobile sportsbook.

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Adam Ross Wins First WSOP Circuit Season 2018/2019 Main Event at Harrah’s Cherokee

Casino News Daily
Adam Ross Wins First WSOP Circuit Season 2018/2019 Main Event at Harrah’s Cherokee

Adam Ross became the first WSOP Circuit Main Event champion of the popular poker series’ new season. The player topped a behemoth field at Harrah’s Cherokee in North Carolina for his biggest career score of $295,970, his first WSOP Circuit gold ring, and a seat into next year’s WSOP Global Casino Championship.

Ross was more than ecstatic to win the major tournament. He was jumping and shouting at the top of his lungs, celebrating the fact that he has finally scooped a life-changing amount of money that would help him pay his mortgage.

Ross has been playing poker as a recreational player for quite some time. He has collected multiple cashes from different tournaments, but has never before won what he considers a life-changing monetary prize. Fresh off his victory, he said that he will continue playing poker occasionally and that he plans to take part in next year’s WSOP Main Event, aside from the WSOP Global Casino Championship.

The WSOP Circuit Harrah’s Cherokee Main Event took place over four days at the host venue. The $1,700 buy-in tournament featured two starting flights and two more days of play. Each of the starting flights allowed players to re-enter once. The event eventually attracted 1,056 entrants who generated a prize pool of $1,599,840. The top 108 places paid, min-cashes starting from $2,944.

Ross’ Performance

Ross did not have a smooth start of the tournament but improved significantly during Day 2 to eventually bag and tag the sixth largest stack of all 21 players who remained in contention at the end of play on that day.

He maintained his momentum throughout Day 3 to battle and hold up against much more accomplished players, including WSOP gold bracelet holder Jesse Rockowitz, six-time WSOP Circuit gold ring winner Dan Lowery, and former gold ring winners Eyal Bensimhon, Andrew Kelsall, and Charles Johnson.

Ross finally faced Ryan Phan, a one-time gold ring winner, heads-up. The two-handed match began with Phan holding the chip lead with 16 million to Ross’ 15 million. The match was packed with action as the chip lead exchanged hands a number of times, until Ross assumed control over the majority of chips in play one final time and never looked back, methodically weakening his opponent’s defense.

On what turned out to be the last hand of the final table and the tournament, Phan had only a couple of big blinds left, which he moved all in pre-flop. Ross called with [2c][2d] to Phan’s [Kc][10d]. A [Ac][4d][6c][2h][5h] board sealed it for Ross, while Phan hit the rail in second place, good for $182,990.

Harrah’s Cherokee was the first stop of the new WSOP Circuit season. The series has a total of 28 festivals booked throughout its 2018/2019 season and Foxwoods Resort Casino in Connecticut will play host to the next one from August 16-27.

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Monday, August 13, 2018

Why Has Sweden’s Gambling Market Re-Regulation Created Such a Big Buzz?

Casino News Daily
Why Has Sweden’s Gambling Market Re-Regulation Created Such a Big Buzz?

The recent participation of Casino News Daily team members in several iGaming conferences has, among other things, confirmed what we all expected – Sweden and the re-regulation of its gambling market has indeed created quite some buzz in the field.

Lotteriinspektionen, the Swedish Gambling Authority, launched the application process for gambling companies interested in operating in the country under its new gambling law on August 1. According to various sources, the regulatory body accepted 22 license applications on the very first day. Around 27 companies are believed to have applied for a license so far, and Swedish authorities expect around 70 applications ahead of the January1, 2019 opening of the market.

Sweden’s state-run Svenska Spel as well as major gambling companies originating from the country but operating from Malta, including Betsson, LeoVegas, and Kindred Group, were among the early birds of the ongoing application process. And while a number of companies are looking to join the Scandinavian nation’s gambling space as early as possible, others have told members of our editorial team that they would approach the newly regulated market a bit more cautiously and wait until after the actual re-regulation takes place.

It is believed that Sweden could rapidly turn into one of Europe’s largest regulated jurisdictions in terms of revenue generated once its new regulatory regime takes effect. According to official data by Lotteriinspektionen, the regulated portion of Sweden’s gambling market, which is controlled by state-run operators, generated revenue of SEK17.07 billion ($1.8 billion) in 2017, while unregulated operators servicing local players generated SEK5.534 billion ($607.97 million).

Here it is important to note that the size of the country’s gray market cannot be estimated accurately and that it is probably much larger than what has been stated in Lotteriinspektionen’s latest annual report. Nevertheless, the figures reported certainly create optimistic visions of the future of Sweden’s re-regulated gambling market. And it is a matter of a very short time until the industry sees whether these visions will become reality.

Potential of the Swedish Gambling Market

Online gambling has been a popular activity across the Scandinavian Peninsula, Sweden included, since its not-so-distant dawn. The widespread tech-savviness of the Swedish population and the high Internet and mobile penetration rates have helped the online gambling industry as well as other digital developments keep and grow their footprint in the country.

In other words, Sweden has always been in a pole position when adopting and assimilating digital infrastructure, and this is why it is believed that the re-regulation of its gambling market and its opening to international operators that will bring further innovation, but in a regulated environment, is a step in the right direction, and a step that would provide for a further growth of the market.

The way a market is regulated defines the way it will develop in future. It can be said that, with very few exceptions, the provisions comprising Sweden’s new gambling law seem to be quite reasonable ones, not that likely to prevent the re-regulation’s success. For instance, Swedish lawmakers have introduced an 18% tax rate on gross gambling revenue, which given the anticipated size of the market and the wagering volumes operators expect from Sweden, could be described as a reasonable rate. It is a bit higher than UK’s 15% point-of-consumption tax, but it is lower than Denmark’s 20% tax.

eSports Betting – an Anticipated Success Story

With gambling companies looking for ways to attract younger generations of customers to their products, eSports and eSports betting are gradually becoming a popular option for drawing clientèle.

According to multiple online gambling companies, eSports could be one of the big success stories of the upcoming re-regulation of Sweden’s online gambling market. The world of eSports seems to be booming right now and a recent report by Paypal and Superdata shows that Sweden is Europe’s second biggest eSports market, only topped by Russia.

The publication notes that the Swedish eSports market is worth $31 million based on tickets and other products sales as well as sponsorships and brand popularization activities. In comparison, Russia’s eSports market is estimated to around $38 million.

A separate report by Kindred Group claims that Sweden has more professional eSport players than any other country. In addition, the country was allocated a particularly large portion of overall eSports winnings in 2016. And Paypal and Superdata believe that the Swedish eSports market will continue growing beyond 2019 when the European market is expected to reach its peak in terms of audience and players.

Data from the above reports presents a really nice picture for the potential creation of a solid eSports betting sector in Sweden under the country’s new regulatory regime. And multiple operators have actually confirmed that they would venture into the nation’s re-regulated market with an eSports betting product, in addition to their more traditional offering.

Possible Hurdles Before Gambling Companies

Competition in Sweden’s gambling market is expected to be fierce. A number of companies will be competing for a bigger share of a newly regulated market in a country with a total population of 9.9 million people. And some of these companies have already gained advantage over their future competitors through aggressive advertising activities in the country.

A report by measurement firm Kantar Sifo has shown that the national monopoly Svenska Spel as well as international gambling companies Kindred Group and LeoVegas placed among the nation’s top 20 advertisers in 2017 with total ad spending of SEK472.3 million, SEK443.09 million, and SEK313.1 million, respectively.

These companies as well as a number of major others operating in Sweden for years have already gained brand awareness and customer bases that will challenge newcomers quite significantly.

Another important thing to be taken into account as part of Sweden’s iGaming regulatory push is one particular provision in the country’s new gambling law, under which licensed operators would not be able to offer bonuses to their players beyond “the first occasion in which [a] player participates in a game”. As a result, black market operators will be able to gain a competitive edge with countless bonus offers, which would certainly create inconvenience for licensed companies.

Final Comments

Sweden is months away from re-regulating its market and opening it to international operators. The process is expected to create one of Europe’s largest and highest grossing jurisdictions, but despite the expectations and the fact that the regulatory environment created will be, to some extent, operator-friendly, there still will be major hurdles before the newly licensed companies and that it will take time before the market truly shows its actual potential.

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Melbourne Poker Championships Closes Down with NLHE Shot Clock Teams Event

CasinoGamesPro.com
Melbourne Poker Championships Closes Down with NLHE Shot Clock Teams Event

One of the heated poker festivals which recently came to its end was Melbourne Poker Championship which transformed Crown Melbourne into Australia’s hotspot. The last of 13 events available on offer was the riveting No-Limit Hold’em Shot Cock Teams tournament which provided Shawn Mahiuyddin and Kim Au’s team with the premium first place prize granting […]

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Ladbrokes punished by Belgian gaming regulator

World Casino News
Ladbrokes punished by Belgian gaming regulator

In Belgium, the Ladbrokes-branded service of British sportsbetting giant, Ladbrokes Coral Group, is reportedly due to be prohibited from offering any wagers for one day early next month after falling foul of local gaming regulations. Virtual match betting prohibition: According to reports from 5 Star iGaming Media and The Brussels Times, Ladbrokes was sanctioned after […]

MGM Springfield Showcases Premises via VR during M Life Rewards Event

CasinoGamesPro.com
MGM Springfield Showcases Premises via VR during M Life Rewards Event

Massachusetts is eagerly anticipating the official launch of its brand new casino resort bearing the renown brand of MGM Resorts and Springfield is set to be completely transformed thanks to its variety of offerings. This weekend witnessed the official event dedicated to the special loyalty program of MGM anticipated by many residents of the community, […]

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Sunday, August 12, 2018

Da Vinci’s Treasure Casino Network to host two promotions this September

World Casino News
Da Vinci’s Treasure Casino Network to host two promotions this September

Starting in September, Da Vinci’s Treasure Casino Network will be offering two promotions for players, one featuring online slot gaming and one for live dealer content. There will be something for everyone with a total of €/£75,000 up for grabs! Da Vinci’s Treasure Network Slots Promotion: Starting on the 20th of September, the online casino […]

WSOP Circuit Kicks Off New Season with 1,056-Person Harrah’s Cherokee Main Event

Casino News Daily
WSOP Circuit Kicks Off New Season with 1,056-Person Harrah’s Cherokee Main Event

It was just a few days ago when the 2017/2018 season of the WSOP Circuit ended with Warren Sheaves claiming the WSOP Global Casino Championship title and the accompanying gold bracelet. It is now time for the popular poker series’ new season and not only its first stop has kicked off in style at Harrah’s Cherokee in North Carolina, but it is actually approaching its end.

The Main Event of the first stop on the WSOP Circuit’s 2018/2019 calendar kicked off Friday at the host venue with the first of two starting flights. And Day 1B, the second starting flight, was completed last night with Louis Garza holding the chip lead with a total of 476,000, followed by Austria’s Eyal Bensimhon (pictured) with 393,000.

It was actually Bensimhon who made the biggest waves throughout the tournament’s second starting flight. The player won some massive pots early on Saturday to never lose his momentum until action wrapped up for the day. Other notables who made it through the day included Bryan Devonshir, JJ Liu, Dan Lowery, and Ryan Buckholtz, among others.

The second starting flight of the Main Event actually drew 647 entrants, of whom just 139 players secured their seats into Day 2. They will be joined by the survivors from Day 1A for ten one-hour levels at the host venue.

Day 1 Recap and Prize Pool

The first Main Event of the new WSOP Circuit season drew a field of 1,056 entries, of whom 409 joined on Day 1A and 647 entered on Day 1B. As many as 219 made it through Day 2 and will return at the host venue later today to compete for a spot among the Day 3 hopefuls.

Day 2 of the tournament will kick off with Day 1A chip leader Jeffrey Trudeau holding the overall chip lead. The player bagged and tagged 495,000 in chips at the end of the Main Event’s first starting flight to pull ahead of the rest of the field.

The WSOP Circuit’s new season came with slightly increased buy-ins, so it now costs $1,700 to enter the Main Event, up from $1,675. With registration now closed, organizers announced that the first Main Event of the new season generated a prize pool of $1,599,840, crashing the guaranteed prize pool of $1 million.

The top 108 finishers will receive a share of the money, min-cashes starting from $2,994. The money bubble is expected to burst at some point today. Each of the nine finalists at the tournament’s official final table will receive a minimum cash of $29,181. As for the winner, they will be awarded the top prize of $295,970 and the WSOP Circuit gold ring.

Harry Arutyunyan from Glendale, California took down last year’s edition of the tournament, beating a field of 1,022 entries and taking home the amount of $283,597 in prize money.

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Saturday, August 11, 2018

Slotegrator gets another partner – DLV

Casino News Today
Slotegrator gets another partner – DLV

Recently, Amsterdam hosted a large-scale exhibition and conference iGB Live! Slotegrator has also contributed to the event that was a real success for the company. Its highly professional team strengthened their knowledge and gained new experience, as well as signed cooperation agreements with major providers. Meet one of their new partners – DLV, a provider from Latvia. The developer has ...

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Kindred formally applies for gambling license in Sweden

World Casino News
Kindred formally applies for gambling license in Sweden

Leading online gambling operator, Kindred Group (KINDSDB:Stockholm), has made a formal request to The Swedish Gambling Authority for a license for the operation of online betting and gaming services in Sweden. If the application is met with success, it will enable the operator to further strengthen its commitment to the Scandinavian nation. According to the […]

Poker Tournaments Starting August 13-19

Casino News Daily
Poker Tournaments Starting August 13-19

For many, summer is all about fun in the sun. But an avid poker player would always be looking for a nice spot to play their favorite game. Here are some of the places where there will be some exciting poker tournaments over the next week or so. They are all designed to bring summer vibes at the tables and poker thrill everyone loves the game about. These are four of the most exciting events set to take place from August 13 through August 19.

Borgata Summer Heater

The Borgata is one of the hottest Atlantic City casinos and it is about to kick off one of its hot summer tournaments for those who are looking for exciting Boardwalk poker action. The Summer Heater will take place between August 13 and August 18 at the popular gambling venue.

It will feature a six-day No-Limit Hold’em tournament with a buy-in fee of $180. Interested players could enter it and compete for a portion of a guaranteed prize pool of $200,000. The event will feature seven starting flights and an additional final day of play.

WSOP Circuit Foxwoods

The WSOP Circuit is back and the next festival on its 2018/2019 schedule is slated to kick off mere days from now. It will take place at Foxwoods Resort Casino in Mashantucket, Connecticut from August 16 through August 27.

As WSOP Circuit festivals usually do, the Foxwoods one will too feature 12 gold ring events and several other tournaments for players from the region, the rest of the country, and the rest of the world.

The WSOP Circuit Foxwoods will begin with a $400 No-Limit Hold’em tournament with a guaranteed prize pool of $30,000. Buy-ins for the events vary from $250 to $3,250 for the No-Limit Hold’em BB Ante, and guaranteed prize pools go all the way up to $500,000.

It is actually the festival’s Main Event that will feature the highest guarantee. It is set to take place on August 24-27, and players will be able to enter it by paying the $1,700 buy-in. It is important to note that the buy-in for the Main Event as well as for the other tournaments within the WSOP Circuit has increased a bit from the previous season when Main Events buy-ins were $1,675.

JACK Poker Classic

Jack Cincinnati Casino in Cincinnati, Ohio will, too, play host to an exciting festival from a few days from now all the way through the final days of August. The JACK Poker Classic will run from August 16 to August 26 and will feature a plethora of exciting tournaments with even more exciting guaranteed prize pools.

For instance, the festival will kick off with a four-day $250 buy-in No-Limit Hold’em that will offer players the chance to win a portion of a guaranteed of $250,000 prize money.

The rest of the tournaments on the schedule will feature guaranteed prize pools of $25,000, $50,000, and $500,000 for the Main Event. Speaking of that highlight tournament, it will run from August 24 through August 26, and will feature two starting flights and one final day of play. Players will be able to play that one for a buy-in of $1,100.

Ante Up Poker Tour Reno

Atlantis Casino Resort Spa in Reno, Nevada will kindly host the next AUPT festival from August 16 through August 26. The upcoming poker event will offer players a diverse schedule of tournaments with really affordable buy-ins and thrilling guaranteed prize pools.

The festival’s schedule features 19 different tournaments, most of which single-day ones. The Main Event is scheduled for August 24 and will take place over three days. It will feature a buy-in fee of $1,100 and a guaranteed prize pool of $200,000.

The post Poker Tournaments Starting August 13-19 appeared first on Casino News Daily.

Boom In Atlantic City Casinos Leads To A Spike In The Job Market

Boom In Atlantic City Casinos Leads To A Spike In The Job Market
boom box

For the first time since 2014, the AC casino industry employed more than 30,000 thanks to Hard Rock Atlantic City and Ocean Resort hiring 8,184 including former casino workers.

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Friday, August 10, 2018

Leaders of Apache Nation targeted over financial losses

World Casino News
Leaders of Apache Nation targeted over financial losses

Accountability from their leaders is what some tribal citizens of the federally recognized Jicarilla Apache Nation are calling for after losses totaling more than $2 million were logged at one of its New Mexico casinos. According to the Rio Grande Sun… After the results of a 2017 forensic audit of the Apache Nugget Casino were […]

Greece Launches International Tender for €8 Billion Casino Project after Sept. 10

Casino News Daily
Greece Launches International Tender for €8 Billion Casino Project after Sept. 10

After a huge delay on the ambitious €8 billion Hellinikon casino project, Greece will finally launch the international tender for a license this fall. The Hellenic Gaming Commission has now invited all interested parties to submit proposals regarding the plans for Europe’s first integrated casino resort.

Back in February, the Greek Council of State gave a final approval for the construction of a major casino and entertainment resort at the former site of the Ellinikon International Airport (also spelled Hellenikon). Slated to become the nation’s biggest coastal resort and first integrated casino resort in Europe, the €8 billion project is also a key term in the country’s international bailout. This caused unrelenting pressure for launching the development as soon as possible.

The project has faced several delays over the past few years, sparking heated disputes between its proponents and environmentalists and archaeologists. Greek authorities are now aiming at finding a casino operator by the end of the year so that construction work can finally start in early 2019. The Hellenic Gaming Commission, which is the local gambling regulator, is now inviting all stakeholders to submit comments and make proposals. This public consultation about the investment project will run through September 10.

According to the regulator, the international tender for a casino license will be opened for bidding soon after that. The concessionaire who wins the tender will operate the casino for a period of 30 years. It will be part of a much larger project expected to create up to 10,000 construction jobs during development, as well as more than 70,000 direct and indirect (from the increased economic activity) jobs during the first five years of operation.

The Largest Tourism & Gaming Destination in Greece

In an official announcement, the Hellenic Gaming Commission said that the future casino would be an essential part of the coastal resort, which will transform the economy and the lives of millions of people in the wider Athens area. When it opens its doors, the resort will be key to the future development of the tourism sector in Greece and is expected to revitalize the slowly recovering economy and reduce unemployment.

It will cover a wide, 600-hectare area and will have hotels and residential buildings, convention facilities, entertainment and concert venue, themed parks, luxury retail and fine dining outlets, as well as a casino. Likely to occupy one of the 45-story Hellenikon skyscrapers, the casino will spread across an area of 15,000 square meters, with the gaming floor planned to cover around 8,000 sq.m. The remaining area of the property is intended for non-gaming facilities.

So far, the only gaming operator to express some interest in the future casino on the Athenian Riviera is the US-based corporation Caesars Entertainment. The Las Vegas casino giant has eyed the Hellenikon casino as part of its expansion plans but still has not disclosed any details regarding its potential participation in the tender.

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Hard Rock International, Seminole Tribe of Florida Go to War against Plastic Straws

CasinoGamesPro.com
Hard Rock International, Seminole Tribe of Florida Go to War against Plastic Straws

Casino developers and operators around the globe are becoming more conscious about the environment and are willing to work towards introducing new measures with which they could optimize their own performance as well as benefit nature. Hard Rock International is one of the latest developers to join the wave and ditch plastic straws from its […]

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Man Who Cracked Roulette and Won Millions Dies at 86

Casino News Daily
Man Who Cracked Roulette and Won Millions Dies at 86

Medical researcher Richard Jarecki who cracked roulette in the 1970s, winning millions of dollars in European casinos, died on July 25 at the age of 86. Taking advantage of flawed roulette wheels, he became legendary among gamblers and a threat to some of the most popular casino facilities in Monte Carlo, Italy, and Las Vegas.

The news of Jarecki’s passing was reported on Thursday and multiple stories of his successful runs across gaming facilities in the 1960s and 1970s began to resurface. According to the New York Times, the German-born university professor died on July 25 in his home in Manila from pneumonia. Richard Jarecki was born in Germany but he grew up in the United States where his family was forced to emigrate by the Nazi party in the 1930s. He studied at Duke University and then, at the University of Heidelberg in Germany. According to reports from the 1960s, this is where he started winning huge amounts of money on roulette.

During the early 1960s, Dr. Jarecki and his wife visited dozens of casinos across Europe and in the United States. He was well-known in Monte Carlo, as well as in the casinos in Divonne-les-Bains, France, Las Vegas and Baden-Baden, Germany. He was also a regular player at the Italian Riviera casino in San Remo, which generated serious losses during his playing sessions. His success on the roulette table encouraged other gamblers to place the same bets and as a result, casinos generated even larger losses.

It is believed that Jarecki was banned from several casinos and according to his wife’s account, Italian authorities managed to bar him from entering the country for several months. The Morning Herald cites San Remo casino’s managing director Robert Lardera who said that by 1969, Jarecki was considered “a menace to every casino in Europe”. His casino winnings were believed to exceed $1.2 million or more than $8 million in today’s money, which is an exceptional amount of money since roulette is a random game. Winning and losing should be a matter of pure chance.

How Did He Crack the Roulette?

While he was studying in his home country, Richard W. Jarecki realized that there had to be a way to successfully predict where the ball would land on the roulette wheel. According to news reports from the 1960s and 1970s, he explained that he managed to do that and win by developing a statistical model on a computer in the University of London. This was the official version meant for casino owners and employees, however, while the truth was very different.

It turns out that Jarecki was actually carefully observing roulette wheels for slight imperfections and collected large amounts of data on each roulette table before he started playing. After analyzing the entire information gathered by himself and his friends, he successfully exploited these flaws in the construction of the wheels and the tables, eventually turning the edge in his favor. These imperfections included manufacturing defects, scratches, wear and tear, unleveled gaming tables, and more.

While he successfully used this method to win at roulette, he did not invent it. In reality, this strategy was created much earlier, in the 19th century by English engineer Joseph Jagger. Known as “the man who broke the bank in Monte Carlo”, Jagger is the first person known to have used this system. Others have also exploited the mechanical flaws of roulette wheels, however. It was exactly what Richard Jarecki took advantage of – any mechanical flaws and wear and tear that result in a bias toward certain numbers. After observing the ball for a long time, he could predict with a high degree of certainty where the ball would fall next.

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Thursday, August 9, 2018

Joel M. Williams Pockets A$34,835 MPC Event 7 NLHE 6-Max Shot Clock

CasinoGamesPro.com
Joel M. Williams Pockets A$34,835 MPC Event 7 NLHE 6-Max Shot Clock

When it comes to poker there is only one place to be at the moment if you are in Australia and this is the Crown Melbourne Poker Championship and this could be easily seen by the levels of interest witnessed by the organizers of the poker festival. One of the latest events which witnessed its […]

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NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites

NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites
stop sign

In a recent interview, David Rebuck, director of the Division of Gaming Enforcement, warned illegal sportsbook sites they won't be joining the legal NJ sports betting market anytime soon.

The post NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites appeared first on .

NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites

NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites
stop sign

In a recent interview, David Rebuck, director of the Division of Gaming Enforcement, warned illegal sportsbook sites they won't be joining the legal NJ sports betting market anytime soon.

The post NJ Regulatory Chief Determined To Put An End To Illegal Sports Betting Sites appeared first on .

Wazdan signs significant SoftGamings deal

Casino News Today
Wazdan signs significant SoftGamings deal

Online casino platform provider and games aggregator SoftGamings has signed up with innovative game-maker Wazdan to power up the slots available through SoftGamings casino platform. SoftGamings platform is a modern system for both iGaming startups and experienced operators worldwide. SoftGamings is one of the world’s most original developers of gaming platforms and a key supplier of robust, turnkey gaming solutions. ...

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Belarus Legalizes Online Casinos with Presidential Decree

Casino News Daily
Belarus Legalizes Online Casinos with Presidential Decree

Belarus President Alexander Lukashenko signed a decree under which online gambling is now legal in the country, Belarusian state-run media outlet BelTA reported on Wednesday. Citing Lukashenko’s press service, the website says that the document is part of a new legislation aiming at improving the regulation of the gambling industry in Belarus.

The decree, signed by president Lukashenko on August 7, allows gambling operations to be conducted on the Internet by licensed establishments. For the first time in the history of the small Eastern European country, online casinos will be able to legally offer their services to Belorussian citizens. The document includes various licensing specifics and new taxation laws that would require gambling operators, whether online casinos or land-based gaming parlors, to meet strict criteria.

The first change set by the legislation includes increasing the minimum gambling age from 18 to 21. This applies to both virtual and brick-and-mortar casinos and aims at minimizing the negative effects and potential threats of gambling. Parlors are required to install video surveillance systems, while visitors in these establishments will no longer be allowed to lend money to other people who want to gamble. Along with the new rules land-based casinos need to comply with, the decree also includes many conditions that online gambling operators need to meet before they can be granted a license.

Organizers of online gambling operations will have to make a guarantee deposit of no exact amount that would cover payouts of customer winnings, taxes, and other payments in case of insolvency. All users who register accounts and play for real money at Internet-based casinos will undergo identity checks. Interestingly, tax authorities will have to receive a remote access to online casinos, although it is not clear what exactly this access would include. In addition, all casinos will have to join a special payments network where all money flows will be monitored by the authorities.

Online Gambling to Help Diversify the Belorussian Economy

According to BelTA, the Belorussian Telegraph Agency, the new decree would cut down the outflow of money to offshore gambling websites. Local players’ access to foreign gaming and betting platforms is expected to become much more limited due to the new requirements. As a result, Belorussian operators should see increased revenues, boosted by the proposed reduction in tax rates. According to the provisions, planned by the government, operators who use gambling equipment of any kind only temporarily (less than 15 days in the tax period) will need to pay a tax that is roughly 50 percent of the current rate.

This move should stimulate businesses to conduct short-term gambling operations such as poker tournaments, games during weekends, etc. More importantly, the new regulations and the introduction of online gambling in the country are expected to help diversify the Belorussian economy, which has been dominated by manufacturing for years. With the latest changes, the government is trying to avoid overregulation and encourage the opening of new gambling operations in land-based facilities and on the Internet.

By stimulating this sector, it is hoped that the country would boost the tourism significantly. Currently, it accounts for approximately 1 percent of the entire economy of Belarus and some experts believe that this percentage could easily be pushed to 5% in the next few years.

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Wednesday, August 8, 2018

Philippine President Vows to Block All New Casino Projects in the Country

Casino News Daily
Philippine President Vows to Block All New Casino Projects in the Country

Philippine President Rodrigo Duterte has reiterated his commitment to prevent any new casino resort projects from materialization in the country just a day after he said he would block the construction of Landing International Development’s $1.5-billion integrated resort in the Manila Bay area.

The Hong Kong-listed company received earlier this year a provisional license from PAGCOR, the Philippine gambling regulator, to build and operate an integrated resort in Entertainment City, a larger gaming, accommodation, and entertainment scheme in the Manila Bay area introduced by the country’s government late last decade and aiming to boost the local tourism industry.

Landing broke ground on its project yesterday, but shortly after a spokesperson for President Duterte announced that the country’s top official had no intention to allow the project’s materialization.

The Philippine President himself said today during a speech at the 117th Police Service Anniversary celebration in Quezon City that he hates gambling and that he would not authorize the construction of new casinos in the country. The official further advised that interested developers should better look for “something more enticing”.

President Sacks Nayong Pilipino Foundation Board

It also emerged yesterday that President Duterte has fired the entire board of the Nayong Pilipino Foundation as part of his efforts to prevent the controversial casino resort project from being carried out.

The foundation was established back in 1972 with a Presidential Decree to run the Nayong Pilipino cultural theme park in Pasay, Metro Manila. Landing has secured a 75-year lease agreement with the foundation as part of its pursuit of expansion in the Philippines.

However, presidential spokesman Harry Roque said yesterday that the President found the deal particularly disadvantageous, to a great extent due to its 75-year term. President Duterte himself said that a 75-year lease for the operation of a casino resort was not something he would allow.

Price-tagged at $1.5 billion, the NayonLanding integrated resort would have featured a casino gambling facility with 239 slot machines and 155 gaming tables, several hotels with a combined of more than 1,500 rooms and suites, a convention center, water parks and other entertainment options, and a number of food and beverage facilities, among others.

Landing said during the property’s groundbreaking ceremony that it expected it to attract between two and three million visitors per year. The resort was expected to open doors at some point in 2022, under the terms of the developer’s license from PAGCOR. An earlier opening date would have not been possible as under a February 2017 resolution, no casino resorts should be launched in or near Entertainment City until 2022, so that the area’s gambling industry has enough time to “mature”. At present, there are three operational resorts in Entertainment City and a fourth one is slated to launch in the early 2020s.

Following the comments made by President Duterte’s spokesman on his behalf, Landing said yesterday that its project would push through as the lease contract for the property “was valid and effective”.

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Coveted Integrity Fees Could Reign in New York’s Future Sports Betting Field Next Year

CasinoGamesPro.com
Coveted Integrity Fees Could Reign in New York’s Future Sports Betting Field Next Year

Sports betting is the hot topic across New York state at the moment as time passes and the region approaches its potential legalization at the beginning of 2019. This Tuesday brought the 18th Annual Saratoga Institute on Equine, Racing & Gaming Law Conference which dedicated its attention to sports betting and the potential introduction of […]

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NayonLanding project under threat in the Philippines

World Casino News
NayonLanding project under threat in the Philippines

In the Philippines, President Rodrigo Duterte (pictured) has reportedly ordered a review into the deal that gave Chinese real estate firm, Landing International Development Limited, a 25-year lease on just over 23.6 acres of land near Manila for the purpose of building its NayonLanding integrated casino resort. Review follows wholesale firings: According to a report from […]

Prime Gaming chooses SkillOnNet for new LuckyMeSlots casino launch

Casino News Today
Prime Gaming chooses SkillOnNet for new LuckyMeSlots casino launch

Popular platform provider, SkillOnNet has flicked the switch on its latest online casino white label, LuckyMeSlots.co.uk. LuckyMeSlots goes live on the state-of-the-art SkillOnNet online casino platform with a portfolio packed with 1,200+ slots. The challenger brand, operated by Prime Gaming, offers a cool vacation theme and transports players to the beach where they can enjoy a cocktail while playing their ...

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Tuesday, August 7, 2018

Twin River Announces August 28 Closure Date for Newport Casino

Casino News Daily
Twin River Announces August 28 Closure Date for Newport Casino

Twin River Management Group has confirmed a closing date for its Newport Grand Casino in Newport, Rhode Island. The property is slated to be shuttered on August 28 and its gaming license will be transferred to the company’s newly built Twin River Tiverton Casino in Tiverton, Rhode Island.

The latter property is scheduled to hold its grand opening on September 1, or a month ahead of its originally planned launch.

Twin River’s new hotel and casino complex will feature a gaming floor occupying 100,000 square feet with 1,000 slot machines and 31 table games, as well as multiple dining facilities, a parking garage, and an 84-room hotel, among other facilities. As mentioned above, the Twin River Tiverton property will operate under a license previously belonging to the Newport Grand Casino.

Twin River originally planned to invest $75 million into its property, but upped its investment later on to eventually spend $140 million. Earlier this year, the company received regulatory approval to operate gambling around the clock at its Tiverton property. Alcohol will not be served during overnight hours.

The Tiverton Town Council approved in May the around-the-clock provision of gambling services at the new gambling venue for a period of one year under a pilot program. Owners of the property will be required to present town officials with quarterly reports on public safety and the impact the casino operations have on the local community. After the one-year pilot program is completed, town officials will conduct a review to determine whether the around-the-clock provision of gambling services will be kept or the hours during which visitors will be able to gamble at the property will be reduced.

Dover Downs Merger

Aside from the upcoming closure of its Newport property and the launch of its Tiverton one, Twin River and its parent company Twin River Worldwide Holdings will also be busy completing its recently announced merger with another gaming and entertainment company.

News emerged last month that Twin River would combine its operations with Dover Downs Gaming & Entertainment amid a massive consolidation wave within the US casino and gambling space and following the recent annulment of a long-standing ban on the provision of sports betting in the United Statesbu the US Supreme Court.

The deal will see Twin River, which is a private company, become a publicly traded entity. It will also allow the hotel and casino operator expand across additional states and leverage on Dover Downs’ experience in sports betting as it has been operating in Delaware, one of the few states where this type of activity was legal before the SCOTUS ruling from earlier this year. The two companies will thus be better positioned to adjust to the changing US gambling environment.

The deal is subject to approvals from regulators where the two companies operate properties as well as to other customary closing conditions.

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Newport Grand Casino to close on Aug. 28

World Casino News
Newport Grand Casino to close on Aug. 28

After having received final approval for its casino plan from the Planning Board in Tiverton, Rhode Island last fall, the Twin River Management Group on Monday announced that on August 28, 2018, it will shut down the Newport Grand Casino at 11 p.m. The Twin River Management Group, which also owns and operates the Twin […]

Who Will Follow DraftKings Sportsbook Into The NJ Online Sports Betting Market?

Who Will Follow DraftKings Sportsbook Into The NJ Online Sports Betting Market?
draftkings sportsbook

The DraftKings Sportsbook app became the first to launch mobile sports betting in New Jersey this week, prompting questions of exactly who will be next. Will it be MGM or Caesars or another surprise?

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