Saturday, June 30, 2018

Imperial Pacific Resort Developer Proposes December for Casino Resort Launch

CasinoGamesPro.com
Imperial Pacific Resort Developer Proposes December for Casino Resort Launch

The largest island of the Northern Mariana Islands is Saipan and is it is known, the gambling industry there is developing at a rapid pace. Its current project which is at its construction stage at the moment is the luxurious Imperial Pacific Resort and Casino which is estimated to cost as much as half a […]

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SkillOnNet partners FortunaGaming on launch of new online casino

World Casino News
SkillOnNet partners FortunaGaming on launch of new online casino

A new agreement between iGaming software provider, SkillOnNet, and UK-based operator FortunaGaming will see the launch of a new white-label online casino. Malta-licensed Cozino.com, features upwards of 1,200 titles from various suppliers of video slots including NetEnt, Microgaming and Yggdrasill Gaming and will reportedly operate on the software provider’s platform, joining DrueckGlueck.com and PlayOJO.com brands. […]

Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty

Casino News Daily
Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty

Mike Takayama became the Philippines’ first WSOP gold bracelet winner after outlasting the massive field of this year’s $1,000 No-Limit Hold’em Super Turbo Bounty. Aside from the gold piece, which Takayama said he had always dreamt about, the player also collected $198,568 in prize money.

The $1,000 buy-in event was played on Friday at Rio All-Suite Hotel & Casino. There were over 1,400 players to have registered when cards were thrown in the air and by the time registration closed, the field counted 2,065 persons to improve from last year’s 1,867-strong field.

A prize pool of $1,858,500 was generated and the top 310 runners left with a share of it. It is also important to note that being a bounty, the tournament awarded $300 to players for each fellow competitor they eliminated over the course of action.

The turbo format provided for quick action and great poker thrill. It took just a few hours for the 2,000-plus-person field to be reduced to the final nine who comprised the official final table. The final table itself was not a long ordeal. And it looked as if Takayama was very comfortable playing that final stage of the event.

Final Table and Heads-Up

Of all nine players left at the table, there were just two who had previously won gold bracelets from the series, with Jack Duong and Steve Jelinek being those two. Duong was eventually eliminated in eighth place, while Jelinek busted in fourth.

As for Takayama, the eventual winner was a fierce contender, playing aggressively and putting quite some pressure on his fellow final tablists. It really looked as if the player went all in more frequently than folding hands.

On two of these occasions, odds were all against him until the very last moment possible. Yet, despite all the dangerous situations Takayama put himself into, the player was the last man standing after the final hand of the day was dealt and after surviving his last all in confrontation against his Italian heads-up opponent, Lorenc Puka.

The final table lasted 49 hands, while Takayama took just ten hands to finish off Puka in their two-handed duel, despite the latter’s efforts. Puka manged to double through the eventual champion early in the match. However, he was offered no more chances to reduce the huge gap between him and his opponent.

Hand #49 of the final table turned out to be the tournament’s final one dealt, Takayama challenged Puka by moving all in and the Italian called. Takayama tabled [Kd][Jc] to Puka’s [Ad][4d]. The board ran out [5h][4h][Kh][10c][Jd] to deny the Italian player his first-ever title from the series. Puka collected $122,627 for his efforts that brought him that deep into the tournament. As for Takayama, he was ready to pose for a victory picture, celebrating his triumph and his homeland’s first WSOP gold bracelet.

The post Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty appeared first on Casino News Daily.

Friday, June 29, 2018

Gaming Innovation Group gets New Jersey approval

Casino News Today
Gaming Innovation Group gets New Jersey approval

GiG – Gaming Innovation Group gets New Jersey approval and is pleased to announce that it has been authorised by The State of New Jersey Division of Gaming Enforcement (DGE) to provide a real-money online casino platform solution to operators in the state. GiG has, as part of the standard licence application process by the DGE, received what is called ...

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‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember

‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember
hard rock atlantic city

Months of preparation and speculation ended with a bang as Hard Rock Atlantic City and Ocean Resort Casino put on a show for AC on opening day.

The post ‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember appeared first on .

Parx Casino Continues Mini-Casino Venue Talks with South Middleton Township

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Parx Casino Continues Mini-Casino Venue Talks with South Middleton Township

The gambling field of Pennsylvania seems to be going through a lot with many parallel lines of development all striving to improve the status quo and boost the local economy in a time-efficient manner. A brand new Category 4 casino venue could soon be introduced to the South Middleton Township which is having conversations with […]

The post Parx Casino Continues Mini-Casino Venue Talks with South Middleton Township appeared first on CasinoGamesPro.com.

Macau police arrest 113 suspected of gaming-related usury

World Casino News
Macau police arrest 113 suspected of gaming-related usury

At a Thursday briefing, Macau’s Judiciary Police announced that earlier in the week, 113 people had been arrested for allegedly being involved in a long-running loan sharking operation that reportedly targeted customers of the former Portuguese colony’s casinos. GGRAsia reports that according to Macau police, the operation involved the unlawful loaning of an estimated minimum […]

Thursday, June 28, 2018

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms
NJ online sports betting

After weeks of speculation, Hard Rock Chairman Jim Allen confirms during the opening day ceremonies that a Hard Rock Atlantic City sportsbook and NJ online sports betting are in the cards.

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Italy’s new ban on gambling advertising and sponsorship to begin in January

World Casino News
Italy’s new ban on gambling advertising and sponsorship to begin in January

Yesterday, Italy’s new coalition government finalized a draft of their Dignity Decree, a move that will see online gambling advertising and sponsorship’s banned. The ban would take effect on January 1st, 2019 and would apply to any form of advertising that relates to games or wagering with money. The advertising ban will cover any means […]

Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

Casino News Daily
Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

The Pennsylvania Gaming Control Board slapped on Wednesday a $52,500 fine on Valley Forge Casino Resort for giving out excessive amounts of free slot play to high-volume customers in the period between 2015 and 2016.

The fine was the result from an investigation conducted by the state gaming regulator’s Bureau of Investigations and Enforcement. Gaming Control Board investigators found that unauthorized employees at the casino awarded free slot play in the period between 2015 and 2016. It was also found that authorized employees awarded free slot play beyond their limits of authorization, thus violating state gaming regulations.

The unauthorized and excess free slot play eventually resulted in the casino awarding amounts higher than the level approved by regulators, as noted by the Gaming Control Board in a Wednesday notice.

The regulator’s probe into the matter found that in 2015 and 2016, unauthorized staff performed 557 complimentary slot play transactions, with those being worth over $4000,000. As many as 170 customers received the comps and 80% of the money were awarded to 20 high-volume players, the Gaming Control Board revealed.

The transactions accounted to less than 10% of the total amount of $5.2 million the casino awarded in free slots play during the period reviewed by state regulators.

The casino said Wednesday that it has agreed to pay the fine. Michel D. Fabius, the lawyer who represented the gambling venue before the Gaming Control Board said that he was confident the transactions were carried out to real customers and there was a real business reason behind those.

Previous Fines

This was not the first time the gaming resort was nabbed by Pennsylvania regulators. Back in 2013, the property received a $200,000 fine after being found that it had offered Dining Club memberships through a special promotion of little or no financial consideration. However, under state gaming regulations, patrons are required to spend at least $10 at a casino complex in order to be admitted to its gaming floor.

It was announced late last year that Las Vegas-based gaming and hospitality company Boyd Gaming would acquire Valley Forge Casino Resort for the total amount of $280.5 million. Located in the King of Prussia, about 20 miles west of Philadelphia, the casino complex became Boyd’s first property in Pennsylvania. The fact that the state is home to the nation’s second largest commercial gaming industry was among the factors that encouraged the company to seek expansion of its footprint there.

The Gaming Control Board gave the nod to the transaction in April. During the hearing before the gaming regulator, the casino’s new owners said that they would look to expand its existing offering with online gambling services. Boyd is no stranger to remote gaming, as prior to selling its 50% stake in Atlantic City’s Borgata, the company had participated in the operation of its online casino.

The post Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play appeared first on Casino News Daily.

Ryan Leng Leads 4 Survivors Into 2018 WSOP $1,500 No-Limit Hold’em Bounty Final Day

Casino News Daily
Ryan Leng Leads 4 Survivors Into 2018 WSOP $1,500 No-Limit Hold’em Bounty Final Day

Ryan Leng is aiming for a first WSOP gold bracelet and has secured a comfortable entry into the final day of the $1,500 No-Limit Hold’em Bounty to attack the top. The player bagged and tagged 5.44 million at the end of what was supposed to be the tournament’s final day.

With four contestants still in the mix, play will have to extend into an additional fourth day. Action is set to resume at noon local time today at the Brasilia poker room of Rio All-Suite Hotel & Casino, home to the WSOP for years now.

Leng will be accompanied and challenged by three more players at the table. Ranno Sootla collected the second largest stack last night. A look at the temporary chip counts chart shows that the player is set to enter Day 4 of the tournament with 3.835 million. Christian Nolte finished third in chips last night, trailing not far behind Sootla with 3.405 million.

Jay Farber, the player who finished runner-up to Ryan Riess in the 2013 WSOP World Championship, has, too, secured a spot among the final four with 2.195 million. The player might be the short stack into Day 4 of the event, but he is still pretty deep, which promises for additional thrill both for the remaining contenders and those fervently following WSOP action from Las Vegas and anywhere else in the world. It is also important to note that all four survivors are vying for their first gold bracelet from the series.

Leng’s Road to the Chip Lead

Leng had a bumpy third day of play. The player climbed to the chip leading position to then drop to the short stack several times throughout the day, before eventually taking the lead for a final time and never looking back.

Leng clashed with Sootla on numerous occasions on Day 3. On a very important hand, Leng managed to double through his fellow competitor to improve his stacks significantly. At a later stage on Day 3, Sootla doubled through Leng, telling him they were now even. As mentioned above, the two players eventually ended the day occupying the top half of the chip counts chart.

Leng scored his best live tournament result about this time last year. The player finished runner-up to Germany’s Christopher Frank in the $1,500 No-Limit Hold’em for a cash prize of $237,776.

The $1,500 No-Limit Hold’em tournament attracted 1,983 entries this year. A prize pool of $2,677,050 was generated. The money was split into payouts for the top 298 places. It is also important to note that participants are also being awarded a $500 bounty for every fellow player they eliminate.

Each of the four finalists is guaranteed a minimum payout of $89,151, but they are all certainly eying the $272,765 top prize and the coveted WSOP gold bracelet that goes along. Action resumes at noon local time at the host casino. The remaining hopefuls will play down to a champion.

The post Ryan Leng Leads 4 Survivors Into 2018 WSOP $1,500 No-Limit Hold’em Bounty Final Day appeared first on Casino News Daily.

Wednesday, June 27, 2018

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort
opening day atlantic city

June 28 will be the most significant day in recent AC history as Hard Rock Atlantic City and Ocean Resort Casino open their doors at long last. Here's a breakdown of what to expect on opening day.

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North Carolina’s Harrah’s Cherokee Casino Resort Commences $250-Million Expansion

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North Carolina’s Harrah’s Cherokee Casino Resort Commences $250-Million Expansion

The gambling industry is on an everlasting pursuit of the premium experience they could provide their patrons and guests with, which is the reason why expansions and renovations of properties are often times considered by the operators. One such commenced this Tuesday as the Harrah’s Cherokee Casino Resort which is located in Cherokee, North Carolina, […]

The post North Carolina’s Harrah’s Cherokee Casino Resort Commences $250-Million Expansion appeared first on CasinoGamesPro.com.

Malta Pushes New Gambling Law’s Implementation Back by a Month

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Malta Pushes New Gambling Law’s Implementation Back by a Month

Malta is set to postpone the implementation of its new gambling law to August 1, 2018, the Malta Gaming Authority (MGA) said in a statement from earlier today.

The gambling regulator further pointed out that a recently issued Detailed Opinion by the European Commission (EC) as well as comments by the EC and by another EU Member State have necessitated the delay in the finalization of the new regulatory framework’s implementation process. It is understood that the Detailed Opinion has extended the standstill period during which the new law cannot take effect to July 16, 2018.

The MGA’s statement further reads that the Maltese government and the regulator itself will need time to review and address the comments and recommendations made by the EC and the Member State to ensure the smooth implementation of the nation’s new Gaming Act.

Malta’s new gaming regulatory framework was tabled in the country’s Parliament earlier this year and was sent for review by the EC on March 14. It was previously expected that the new regime would take effect on July 1, provided that it survives the three-month standstill period.

New Licensing System

Generally speaking, the new Gaming Act aims to replace Malta’s current legislation and is particularly focused on the licensing and provision of gambling services. Once it takes effect, the new law would simplify the current gambling licensing system by introducing just two categories of licenses – a B2B one and a B2C one. Gambling companies are currently required to obtain different licenses for the different types of services and products they are providing.

Malta’s new Gaming Act represents the first revision of the nation’s gaming law in fourteen years. The amendments were initiated by former MGA Executive Chairman Joseph Cuschieri, who assumed the post of CEO of the Malta Financial Authority earlier this year. Mr. Cuschieri’s vacated spot at the gambling regulator was later on assumed by MGA Chief Operations Officer Heathcliff Farrugia.

Aside from the new licensing system, the new gambling law also aims to extend MGA’s powers over the regulation of the nation’s rapidly growing online gambling sector. The regulatory body will thus be able to roll out stricter regulations and tools for combating money laundering, terrorism financing, and other financial crimes often associated with the gaming and sports betting industry.

The newly set August 1 date for the implementation of Malta’s new Gaming Act will affect remote gambling operations. It was previously announced that the portion of the new law that concerns land-based businesses would take effect on January 1, 2019. It is yet to be seen whether that date would remain unchanged.

Another important provision in the new regulatory regime would exempt B2B gambling service providers from taxes. That particular language aims to further cement Malta’s already established reputation of a major tech hub and a nation that is open to new technologies and innovation.

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Loren Klein Wins 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship for Third Bracelet

Casino News Daily
Loren Klein Wins 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship for Third Bracelet

Pot-Limit Omaha specialist Loren Klein captured last night his third WSOP gold bracelet in as many years after surviving tough competition in the $10,000 Pot-Limit Omaha 8-Handed Championship and defeating fellow gold bracelet winner Rep Porter in a short heads-up.

Apart from the coveted gold piece, Klein also scooped a hefty prize of $1,018,336 for a terrific performance in the tournament.

While playing the tournament, the champion also managed to cause quite some stir and draw negative comments from the poker community. Klein wore a Make America Great Again hat these past few days, which was not received very well by many following WSOP action at Rio All-Suite Hotel & Casino in Las Vegas.

Some said that the player was apparently being ironic. Asked whether this was true, Klein said: “Am I? This might get me a White House invitation.” The player also pointed out that all the hate he received over the past few days for wearing the hat somewhat helped him do what he did.

The $10,000 Pot-Limit Omaha 8-Handed Championship was played over four days. The final day of the tournament saw six players return at the host venue. Brandon Shack-Harris led the pack of six finalists. However, it was not long before Klein took over. The eventual champion was third in chips at the start of Day 4 action, but several key pots won him the chip lead.

Klein and Shack-Harris are no strangers to each other. The two players clashed in the same tournament in 2016. Shack-Harris won the title that year, while Klein had to content himself with the runner-up finish. Things turned up differently this time, as Shack-Harris was denied a second title from the same event and was eventually eliminated in third place last night.

Final Day Action and More about the Winner

As mentioned above, Klein managed to take the lead early into the additionally scheduled Day 4 of the tournament. While there were several short stacks at the table, it took around two hours of play before there was any actual development.

There were five former gold bracelet winners among the final six players and a former November Niner. That spoke quite a lot about the level of play at the final table of the Pot-Limit Omaha championship event.

Klein ultimately faced fellow three-time gold bracelet winner Rep Porter heads-up. The eventual champion had a comfortable lead early in the duel, but Porter managed to double through him and erase some of the huge deficit.

Heads-up did not last long, though, despite Porter’s effort. Klein had about two times more chips than his final opponent on what turned out to be the final hand of the tournament. The champion raised to 1 million pre-flop and Porter three-bet to 3 million. Klein potted and Porter called for his last 4.275 million.

Klein tabled [Ac][Ad][3d][2h] to Porter’s [Ks][Kd][Jd][5c]. With a blank board of [2c][10s][4c][4d][9c], Klein clinched the victory, sending his final opponent to the rail for $629,378.

As mentioned above, this was a third WSOP title and gold bracelet for Klein in just as many years. The player previously won the $1,500 Mixed No-Limit Hold’em/Pot-Limit Omaha event in 2016, good for $241,427, and the $1,500 Pot-Limit Omaha last year, good for $231,483.

As it can be seen, all three of the player’s bracelets involved winning a Pot-Limit Omaha. Asked whether he considered himself the best Pot-Limit Omaha player in the world, Klein said that he might well be, although there were a lot of players who played the game extremely well and he was probably one of them.

Dwelling on what it feels to win a third gold piece, the player said that he was certainly having a good time in terms of his poker career. Yet, he pointed out that he was the same player he had been three years ago and winning a third piece did not mean “a ton.” However, winning a seven-figure payout was something that really made Klein extremely happy.

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Tuesday, June 26, 2018

Slotegrator Limited to exhibit at upcoming iGB Live

World Casino News
Slotegrator Limited to exhibit at upcoming iGB Live

Cypriot online casino software developer, Slotegrator Limited, has announced that it will be exhibiting at the inaugural iGB Live extravaganza in Amsterdam next month in order to introduce its team and impart ‘many positive emotions.’ The Limassol-based developer premiered its Moneygrator unified iGaming payments solution a little over two months ago while last week saw it […]

Brandon Shack-Harris Leads 6 Into 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship Finale

Casino News Daily
Brandon Shack-Harris Leads 6 Into 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship Finale

The $10,000 Pot-Limit Omaha 8-Handed Championship or Event #49 on the schedule of this year’s WSOP is just a day away from crowning a victor and there are six players left in contention for the title, the gold bracelet, and the first-place prize of $1,018,336.

The event was originally scheduled as a three-day one, but with six players still playing the final table, organizers extended action into an additional fourth day. The final six are set to return today at the host venue, Rio All-Suite Hotel & Casino in Las Vegas, to play down to a champ.

There are five former gold bracelet winners still in the mix for the prestigious title. The six hopefuls will be led by one such former gold bracelet winner. Brandon Shack-Harris, who had previously captured two gold pieces, one of which from the same event back in 2016, bagged and tagged 7.73 million in chips last night to find himself atop the Day 3 end-of-the-day chip counts chart.

Shack-Harris already has 30 WSOP in-the-money finishes under his name. The player has collected more than $2.8 million in those. Being one of the final six in the Pot-Limit Omaha Championship means that he would cash no less than $157,097 from the tournament.

Winning the largest pot of the event so far really helped Shack-Harris rocket himself to the top. The player won a hand against Canada’s Mike Leah that secured him with a massive double in the final level played on Day 3.

The Final Pack

As mentioned above, Shack-Harris is not the only former gold bracelet winner that is vying for the Pot-Limit Omaha 8-Handed Championship as there are four more such players still in contention. And six-handed play will be rounded out today by a WSOP Main Event finalist.

Two-time gold bracelet winner Ryan Hughes collected the second largest stack last night. The player will thus enter the final day of action with 5.14 million.

Loren Klein, yet another two-time gold bracelet winner, ranked third in chips last night with a stack of 4.24 million. Rep Porter will be seeking to win his fourth gold piece from the WSOP later today. The player will enter the final stage of the tournament with a stack of 2.68 million.

Jerry Wong, who finished 8th in the 2016 WSOP World Championship for over $1.1 million, will be aiming for his first gold bracelet with a start-of-the-day stack of 2.15 million. The final table will be rounded out by one-time gold bracelet winner Scott Bohlman with 1.855 million.

Final day action is set to resume today at 2 pm Las Vegas time at the host casino. The six finalists will play down to a champion.

Overall, the Omaha championship event attracted 476 entries who generated a prize pool of $4,474,400. The top 72 places pay, with min-cashes starting from $14,969. As mentioned above, each of the six finalists is guaranteed a minimum payout of $157,097.

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Betsoft launched The Golden Owl of Athena slot

Casino News Today
Betsoft launched The Golden Owl of Athena slot

The Golden Owl of Athena, the new 5×3, story-focused slot game from Betsoft Gaming invites players to reach for the ancient wealth and wisdom. Set in Athens at the height of the age of antiquity, The Golden Owl of Athena takes players on a guided tour of Greek mythology.  As players arrive in ancient Athens, the golden owl becomes their ...

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Macau Shows Concrete Betting Principles amid World Cup Illegal Wagering Wave

CasinoGamesPro.com
Macau Shows Concrete Betting Principles amid World Cup Illegal Wagering Wave

The FIFA 2018 World Cup is currently in progress and ever since its official opening ceremony on 14th June, enthusiasts around the globe have been participating in betting evolving around everything related to it. Macau which is widely-known as the gambling capital of the world has been working hard towards preventing any illegal betting activities […]

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Monday, June 25, 2018

NetEnt progressive slot games help deliver more seven-figure prizes

World Casino News
NetEnt progressive slot games help deliver more seven-figure prizes

Online gambling technology provider, NetEnt (NETB:Stockholm), has done it again! The Swedish firm recently helped to provide two massive jackpot wins, one each on June 12 and June 17, to two lucky players who together scooped more than €5.5m (US$6,431,229.11) in total. The first win came on Sunday, June 12, when a lucky person in Belgium […]

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors
Meadowlands nj sports betting

With New York just a few steps away, Meadowlands Racetrack plans to open its Betfair-powered sportsbook on July 15 and reap rewards of legal NJ sports betting.

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Las Vegas Casino Operators Could Boost Tesla’s Profitability through Tax Credits

CasinoGamesPro.com
Las Vegas Casino Operators Could Boost Tesla’s Profitability through Tax Credits

Major casino operators have demonstrated throughout the years that they can not only develop entire gambling empires and give them the chance to spread around the globe, but they could also provide support for major companies such as the electric vehicles manufacturer Tesla, Inc. According to the latest information coming from the company’s CEO Elon […]

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Yggdrasil Gaming launched Tut’s Twister slot

Casino News Today
Yggdrasil Gaming launched Tut’s Twister slot

Popular software provider, Yggdrasil Gaming released its newest game: Tut’s Twister slot. The new slot takes players on an exciting journey, during which the fabled King Tut has woken up in his tomb, wreaking havoc across the reels in the form of a swirling sandstorm. Players are transported to the ancient Egyptian setting by the mix of exciting animations and ...

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Sunday, June 24, 2018

Native American Tribes Back Up Mashpee Wampanoag Taunton Tribal Casino Project

CasinoGamesPro.com
Native American Tribes Back Up Mashpee Wampanoag Taunton Tribal Casino Project

The city of Taunton, Massachusetts is well-known for its tribal casino involvement and for quite some time now one of the Native American tribes, Mashpee Wampanoag Tribe has been making attempts to maintain its land in trust and move forward with its tribal casino project. Now the community’s support of the idea and the legislation […]

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Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Casino News Daily
Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Three days ago, Nicholas Seiken, a real estate broker from Texas, entered his first-ever standalone 2-7 Triple Draw event to eventually take it down, battling and outlasting a pack of seasoned pros. Late last night, the player joined the club of WSOP gold bracelet winners as he remained the last man standing in this year’s $10,000 Limit 2-7 Lowball Triple Draw Championship.

Seiken also collected $287,987 for outstanding performance in a game he did not have that much experience.

The tournament drew 109 entries, including a number of Triple Draw experts. Farzad Bonyadi, a three-time gold bracelet winner, was among the notables to enter the tournament. It is interesting to note that Bonyadi’s mother, Farhintaj, became the first female winner of this year’s edition of the series just a couple of days ago. She bested the field of the $1,000 Super Seniors.

Despite his effort, Bonyadi could not claim the Triple Draw Championship title last night and add another gold bracelet to his already impressive collection.

Aside from Seiken and Bonyadi, the final day of the tournament kicked off with 11 more survivors. Quite some of the remaining players struggled quite a bit throughout the day. But it looked as if Seiken, a player with significantly less experience than some of his remaining opponents, navigated through that final stage of the game very successfully.

Final Table and Heads-Up Play

By the time the official six-handed final table was set, Seiken had already built quite a stack. The player entered that final stage of the game as the chip leader with a significant lead over the next in line, who happened to be Bonyadi.

The eventual winner had 1.661 million in chips at that point to Bonyadi’s 943,000. Seiken seemingly had an easy run at the final table. In his post-victory interview, the player said that being the chip leader helped him a lot against the plethora of experienced players he was facing and he did not take much risk that would have cost him that advantage.

The only time the player lost the lead for a very short while was during three-handed play, when Randy Ohel replaced him at the top of the chip counts chart. Seiken himself admitted that he got a bit worried by Ohel’s short momentum.

Eventually, the player regained the lead, eliminated Kristijonas Andrulis in third place to cement his leading position and headed into heads-up against Ohel with a 3-2 advantage. The structure of the tournament allowed for a longer heads-up, but Seiken finished off his final opponent relatively quickly over the span of a 45-minute duel, which concluded with Ohel heading to the payout desk for a second-place prize of $177,992.

The 109-strong field of the championship tournament generated a prize pool of $1,024,600. The money was split into portions for the top 17 finishers, min-cashes starting from $14,864.

Following his latest triumph, Seiken told WSOP staff that while he is completely done with No-Limit Hold’em, we will be seeing more of him at the tables of mixed-game tournaments.

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Grand Hyatt at City of Dreams Macau appoints new GM

World Casino News
Grand Hyatt at City of Dreams Macau appoints new GM

In a recent statement to the press, the Grand Hyatt Macau hotel situated in the City of Dreams Macau announced that Timothy Bruce (pictured) has been appointed its new general manager. According to the hotel at the casino resort, the placement is effective immediately. GGRAsia reports that the hotel, located in the heart of the […]

Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

Casino News Daily
Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

Betfred founder Fred Done received a £10.2 million dividend, as the company is gearing up for massive lay-offs and betting shop closures following the UK government’s recent announcement that it intends to crack down on the nation’s gambling machines sector.

Betfred reported a pre-tax loss of £18.1 million for the year ended September 24, 2017, down from a £32.4 million pre-tax profit from the previous year. Despite the decline, Mr. Done, whose net worth is estimated to be around £1.4 billion, received the same dividend as he did a year earlier.

Mr. Done and his brother, Peter, founded Betfred back in the 1960s. The bookmaker has grown into one of UK’s largest privately-owned gambling companies since then. It currently operates the nation’s third largest chain of betting shops with a total of 1,666 facilities.

The UK government confirmed last month that it would crack down on the highly controversial fixed-odds betting terminals by cutting the maximum stake the machines accept to just £2 from £100. The announcement caused a wave of protests from industry stakeholders as the maximum stake reduction would cost operators of such devices, Betfred included, hundreds of millions of pounds of gross gambling yield.

Mr. Done said last month that the crackdown could force them to close around 900 of their high street betting shops and lay off up to 4,500 workers. Reports emerged last month that the businessman was considering a judicial review in a bid to overturn the government’s decision to roll out a clampdown on the machines that campaigners have been describing as the “crack cocaine of gambling”.

Following last month’s announcement, Betfred Managing Director sent an email to staff, urging them to lobby MPs to oppose the crackdown, as the reduced stake would have a major impact “on the viability of a number of [the company’s] shops”.

It was understood earlier in June that under a reported agreement between the UK government and bookmakers, the FOBTs stakes might not be reduced before 2020.

Tote Sale

Betfred’s operations also include an online gambling platform, which the company will probably seek to boost in an attempt to offset the losses incurred by the FOBTs clampdown, as well as the Tote racing pool business.

The bookmaker acquired that latter business in 2011. The deal came with a seven-year monopoly over the provision of pool betting services across British racecourses. The monopoly expires this year and another operator, Britbet, is expected to assume control of racecourse pools across 55 major courses.

Reports surfaced earlier this year that Mr. Done was looking to sell the business and a deal was announced earlier this month. Betfred agreed to sell its pool betting operation to the Alizeti consortium, which includes racecourse owner and breeder Alex Frost. The consortium took an initial 25% share in the business with an option to buy the remaining 75% within the next three to five years. The deal could be worth around £150 million.

The post Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs appeared first on Casino News Daily.

Saturday, June 23, 2018

Scout Gaming scores top Fantasy Sports award

World Casino News
Scout Gaming scores top Fantasy Sports award

Among fierce competition, Stockholm-based B2B fantasy sports and pool betting provider, Scout Gaming Group (SCOUT:FN Stockholm), has been named “Fantasy Sports Supplier of the Year” at this year’s EGR B2B Awards. Having recently had a string of commercial success with a number of top operator agreements on various markets and a robust product roadmap, on […]

WSOP Event #42: $25,000 PLO 8-Handed High Roller Brings $1,402,683 Champ Prize

CasinoGamesPro.com
WSOP Event #42: $25,000 PLO 8-Handed High Roller Brings $1,402,683 Champ Prize

It is not a secret to anyone that the World Series of Poker is the poker festival which enjoys quite the popularity around the globe with its wide variety of poker tournaments. The evidence for this comes in the form of generous payouts for everyone participating some of which were paid out at the end […]

The post WSOP Event #42: $25,000 PLO 8-Handed High Roller Brings $1,402,683 Champ Prize appeared first on CasinoGamesPro.com.

Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing

Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing
ocean resort casino license

An Ocean Resort Casino license was the final piece of the puzzle for the Atlantic City casino to open June 28, and the two-day hearing was an eye-opening experience for many.

The post Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing appeared first on .

Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Casino News Daily
Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Robert Nehorayan is known by many as Rec Rob, his nickname derived from him identifying himself as a recreational player. However, he outlasted last night a field that included seasoned poker pros like Daniel Negreanu, Chris Ferguson, and Ari Engel to win his first gold bracelet from the WSOP and his largest cash of $173,568.

The player topped the 596-strong field of Event #41: $1,500 Limit Hold’em. As mentioned above, some of poker’s top players entered the tournament to pursue another great accomplishment in the game. Of all fellow participants, Nehorayan had special praise for Terricita Gutierrez, a Limit Hold’em specialist whom the eventual champ considered his toughest opponent.

Terri, as Nehorayan called her, has been playing Limit Hold’em cash games every single day for years now to accumulate knowledge and experience that many other fellow players at the table lacked. She was ultimately eliminated in fourth place, good for $51,733.

The $1,500 event was played over three days through June 22. It saw 596 entries generate a prize pool of a little over $800,000. The top 90 places paid.

Day 3 Action Highlights

Day 3 of the tournament kicked off with 19 survivors in contention but seven of them quickly headed to the payout desk within the first 90 minutes of play. Action slowed up a bit afterward, as finalists became more aware of the event’s approaching end.

Chips swung back and forth throughout the day and the chip lead went from one player to another. Many of the remaining hopefuls had many ups and downs, but it can be said that Nehorayan managed to maintain a good stack and momentum throughout that final stage of the event. The brand new WSOP champion admitted that he had really good cards running his way, as well.

David Gee was the last player to be eliminated before the heads-up duel. That final duel took place between Nehorayan and one-time gold bracelet winner Kevin Song. Song won his piece 21 years ago for topping the field of a Limit Hold’em event. A second piece eluded him last night, unfortunately, although he fought really fiercely for it.

The match between the final two men standing began with Nehorayan holding a 3-1 advantage to Song. However, the latter quickly caught up and took the lead for a little while, putting great pressure on his opponent.

Nehorayan eventually regained his momentum and retook the chip lead to never look back. On Hand #286 of the final table, the player won a key pot that secured him with 3.9 million, while leaving Song with just 475,000.

The final hand of the tournament was dealt shortly after. On Hand #289, Nehorayan called from the button and Song raised. Nehorayan asked his opponent how much he had left and put him all in. Song tabled [8s][6s] to clash into Nehorayan’s [10s][7d]. The board landed [2c][Qh][9h][4h][Jh] to end Song’s participation in the tournament and seal the victory for Nehorayan.

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Friday, June 22, 2018

Island View Welcomes Brand New Beach Casino in Time for Sports Betting Launch

CasinoGamesPro.com
Island View Welcomes Brand New Beach Casino in Time for Sports Betting Launch

The state of Mississippi is going through a period of considerable development which has the potential to elevate the gambling field on a whole new level with many new offerings available. The latest one among them is the new Beach Casino which comes as an expansion to Island View Casino Resort located in Gulfport which […]

The post Island View Welcomes Brand New Beach Casino in Time for Sports Betting Launch appeared first on CasinoGamesPro.com.

Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care

Casino News Daily
Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care

Bulgaria is one of the poorest countries in the European Union, but recent figures show that its gambling industry has been thriving, particularly over the past several years. And while that industry has been hopping from strength to strength, it is also understood that it has been contributing relatively small amounts of money in annual tax contributions and even smaller amounts of money for socially responsible causes.

According to multiple recent reports from local media outlets, citing official data, Bulgaria’s regulated gambling market was worth BGN3 billion (€1.5 billion) in terms of revenue generated in 2017. Scratchcards, known to be extremely popular among residents of the tiny Balkan nation, accounted for the greater portion of the revenue bulk last year.

In fact, saying that these products are extremely popular in Bulgaria is a mild representation of the nearly maniacal obsession with which hundreds of thousands of Bulgarians, mostly elderly people, are buying scratchcards, lured by the promise for a quick and easy win and a better life.

Several companies owned by Bulgarian businessman Vasil Bozhkov are known to be leaders of the local scratchcards sector. Mr. Bozhkov is one of Bulgaria’s richest people. His business interests spread across various industries and his alleged ties to the criminal underworld have long been part of media coverage focused on his curious persona.

The National Lottery and New Games are actually two of the leaders in the nation’s scratchcards sector and they are both owned by entities that are related to Mr. Bozhkov. Special attention needs to be paid to the choice of name of what has turned into the most popular seller of scratchcards in Bulgaria – the National Lottery.

In the most general case, National Lottery usually refers to a state-run entity that provides different lottery products and services and uses a portion of the money generated by the sales of those for good causes. In the case of Bulgaria’s National Lottery, we are speaking about a privately-run entity. And despite our team’s efforts, we could not find any information about how much of what it generates it has contributed to good causes.

Should a private company run an operation under the National Lottery brand? We believe that the answer to this question is quite clear and it is a bit too disturbing that this company has been allowed to conduct its activities for years, even though it has nothing to do with the state.

The National Lottery in Bulgaria vs. the National Lottery in UK/Ireland

Gambling services in the UK, including ones provided under the National Lottery brand, are regulated by the country’s Gambling Act 2005 and a companion piece from 2014. Bulgaria’s market was, too, regulated several years ago. And while Ireland’s gambling regulations are in a state of an extreme mess at the moment, there still is clarity over how the country’s National Lottery should function.

UK’s National Lottery was established in 1994 as a state-franchized entity operated by the Camelot Group. According to information from the lottery operator’s official website, it has contributed over £38 billion for good causes since it was founded more than two decades ago.

In Ireland, the National Lottery operates as a state-run entity that has been functioning since 1987. It has raised and donated more than €5 billion to good causes since established over three decades ago.

In Bulgaria, the National Lottery, as already mentioned, is a privately-run company, owned by a businessman who many would say has a rather questionable reputation, and it is quite unclear what contributions it has made to good causes, even though its official website states that it contributes funds to various education-related causes.

In other words, the National Lottery brand usually carries a connotation of an entity run by the state that offers lottery/gambling services but also considers it an important task to benefit communities by raising and distributing funds for good causes, unless you are in Bulgaria where the National Lottery does not really belong to the nation.

More Facts and Figures about Bulgaria’s Scratchcards/Gambling Industry

An economically struggling nation with a blossoming gambling industry is not something unheard of. However, when a considerable portion of an extremely poor nation resorts to buying scratchcards to the point of maniacal absurdity in hopes for a quick win, that means that there is something fundamentally wrong in the way that nation’s gambling industry functions, or rather in the way it is allowed to function by those who have control and responsibilities over those matters.

As mentioned above, Bulgaria’s gambling industry was worth around BGN3 billion last year. However, it is understood that licensed gambling operators, including those providing various lottery products, contributed just BGN177 million in tax revenue to the nation’s coffers. In comparison, Bulgaria’s tobacco industry was worth around BGN3.5 billion in 2017 and contributed BGN3 billion in excise duties and VAT.

As for Mr. Bozhkov’s lottery businesses – New Games and National Lottery – these were reported to have generated turnover of €88.5 million and €15.3 million, respectively, in 2017. The businessman’s overall gambling businesses reported turnover of nearly €300 million and profits of €76 million. Local media outlets also report that National Lottery was actually Bulgaria’s largest advertiser in 2017 with ad spending of over €23 million.

Ads promoting the operator’s scratchcard products can be spotted practically everywhere in the country and across different media outlets. In addition, scratchcards can be purchased across post offices, supermarkets, special points-of-sale, and a number of other facilities.

Meanwhile, according to the most recent information released, Bulgaria’s gambling industry contributed just around BGN2.2 million in 2016 and just around BGN2.4 million during the first three quarters of 2017 to responsible gambling causes. Licensed gambling companies are required to make such contributions under a provision in the nation’s gambling law.

Proposed Restrictions

Bulgaria clearly has a gambling problem as well as a problem with the protection of its gamblers. The country’s Deputy Prime Minister Valeri Simeonov and his party, the National Front for the Salvation of Bulgaria, has recently introduced a bill calling for certain restrictions within the country’s gambling industry. Most of the provisions in the legislative piece are concerned namely with the operations of the National Lottery and its likes.

If the bill succeeds in Bulgaria’s National Assembly, it would roll out curbs to the promotion and sale of scratchcards and related lottery products. For instance, lottery operators would not be able to show winners on television, a popular marketing approach to which the success of these products could be greatly attributed. In addition, scratchcards would only be sold at special points of sale. As mentioned above, products of this type are currently available practically everywhere.

While Minister Simeonov’s recently proposed curbs seem as if they might be a step in the right direction, Bulgaria still needs to do much more. The country does not have a dedicated organization that works with problem gamblers. And as it can be seen, nobody really finds it odd that a private company has named itself the National Lottery, while it does not really work for the nation, unlike state-run National Lotteries around the world.

The post Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care appeared first on Casino News Daily.

New York lawmakers fail to pass updated sportsbetting legislation

World Casino News
New York lawmakers fail to pass updated sportsbetting legislation

Hopes that New York would soon become the next American jurisdiction to legalize state-wide sportsbetting were reportedly crushed on Wednesday after its lawmakers failed to pass an updated sports wagering legislation. According to a Thursday report from The Post-Standard newspaper, the letdown means that the New York State Gaming Commission will now be forced to […]

BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

Casino News Today
BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

BlockChain Innovations Corp. (“BCI” or the “Company”), an international blockchain technology supplier serving the regulated gaming industry is pleased to announce that it has signed a letter of intent with Capricorn Business Acquisition Inc. (NEX Board CAK.H), for its qualifying transaction to go-public in the Third Quarter of 2018. With the 6-3 United States Supreme Court decision two-weeks ago striking ...

The post BlockChain Innovations Corp. Announces its Letter of Intent to Go Public appeared first on Casino News Today.

Thursday, June 21, 2018

Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Casino News Daily
Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Farhintaj Bonyadi, mother of three-time WSOP gold bracelet winner Farzad Bonyadi, outlasted a behemoth field of 2,191 to win the 2018 WSOP $1,000 Super Seniors No-Limit Hold’em for a gold piece of her own. The player also scooped a hefty payout of $311,451 for her efforts.

It is also interesting to note that Bonyadi actually became the first female winner of this year’s edition of the popular poker series.

The player survived through a massive field and a prolonged heads-up against Robert Beach to win her first title from the WSOP. Shortly after her victory, she said that she felt really great to have a bracelet of her own. Her son, Farzad, was on the rail to support and guide his mother. The mother and son duo told WSOP staff shortly after her victory that it was actually Farzad who taught his mother how to play poker. However, the three-time gold bracelet winner admitted that although he tried to help throughout the tournament, Bonyadi pretty much sealed the victory herself.

The tournament was expected to take place over three days but was extended into a fourth one during which Bonyadi and her heads-up opponent battled it out for the better part of three hours.

Day 3 kicked off with 43 players, but that field was eventually reduced to Bonyadi and Beach. The two players played the final level scheduled for the day and agreed to return for an additional fourth day of play.

Final Day Action

It is important to note that Bonyadi was going really strong throughout Day 3. Yet, she entered the two-handed duel at a considerable chip disadvantage, but apparently, that did not discourage her from pursuing the title. She remained calm and composed, just as her son had taught her.

Day 4 saw Bonyadi drop to 1.85 million at some point to Beach’s 9.105 million. However, her patience paid well as the player managed to double, even the stacks, and take the lead. She never looked back from that point on. After an epic marathon of chips going back and forth for 175 hands, Bonyadi eventually eliminated her final opponent.

The final hand in play saw Bonyadi raise to 425,000 pre-flop and Beach call. The [6d][4d][7c] landed on the flop. Bonyadi checked and Beach bet 600,000. Bonyadi check-raised to 1.2 million, which her opponent called. The [3s] arrived on the turn to see Bonyadi bet 600,000 and Beach call. The [5h] rolled out on the river. Bonyadi moved all in with [8s][8d] and Beach called with [9s][7s]. The latter hit the rail for $192,397, as WSOP’s brand new champion raised her hands in the air in celebration.

As mentioned above, the Super Seniors tournament attracted 2,191 entries who created a prize pool of $1,971,900. The top 329 places paid with cashes starting from $1,500.

The post Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet appeared first on Casino News Daily.

Would Atlantic City Casinos Shut Down Too If State Shuts Down?

Would Atlantic City Casinos Shut Down Too If State Shuts Down?
new jersey state capitol

If the New Jersey government shuts down June 30, Atlantic City casinos would follow suit a few days later, but one state senator wants to prevent that from happening.

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