Friday, August 31, 2018

West Virginia Quietly Becomes Fourth State to Launch Sports Betting

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West Virginia Quietly Becomes Fourth State to Launch Sports Betting

West Virginia quietly became the fourth state to launch legal sports betting after the US Supreme Court struck down in May a federal ban on wagering on professional and collegiate sports leagues.

Hollywood Casino at Charles Town Races in Charles Town, West Virginia accepted yesterday its first bet, thus soft-opening its sportsbook. The casino’s wagering facility is operated by the US division of British bookmaker William Hill.

House Delegate Jason Barrett put the first bet on Thursday to participate in a historic moment for the state’s and the US gambling industry. Delegate Barrett placed $50 on the West Virginia Mountaineers to win the football national championship. He will win nearly $3,000 if that happens. The state lawmaker told local media that it was extremely easy to bet and that it really reminded him of betting on horse racing.

The General Managing Counsel of the West Virginia Lottery, Danielle Boyd, has confirmed the opening of the state’s first sportsbook and has pointed out that the despite the facility’s grand opening on Saturday, it is “officially open” now.

Hollywood Casino, which is owned and operated by Penn National Gaming Inc., will host a larger-scale opening ceremony for its sportsbook tomorrow at 11 am local time. A mobile app that will allow the casino’s patrons to wager while at the property via their mobile phones is expected to be rolled out in the next couple of weeks.

Commenting on the launch of their sportsbook, Hollywood Casino Head of Sports Erich Zimny told local media on Thursday that they are happy that West Virginia has jumped on the betting bandwagon quickly and has thus secured a competitive edge over neighboring Maryland.

A bill allowing sports betting at Maryland’s gambling venues was introduced last year but was voted down by legislators. It is believed that it will be reintroduced next spring. If it gains the necessary support in the state Legislature, it will then have to survive a statewide referendum in order to be enacted.

Exemplary Regulatory Framework

West Virginia was actually among the states that passed a legislative framework ahead of the US Supreme Court ruling in May that allowed individual states to legalize sports betting, if they felt inclined to do so. This facilitated the early launch of sports betting services at the state’s existing gambling facilities.

Commenting on the state’s wagering regulatory framework, Delegate Barrett said that it should be model for the rest of the nation and that he believes they have done it right.

According to preliminary estimates by the West Virginia Legislature, the state’s sports betting industry would contribute additional revenue of around $5.5 million to the coffers during the first year. However, a separate, Lottery-commissioned study presented a much more optimistic picture for additional revenue of between $9 million and $17 million.

Five of the state’s casinos have lodged interest in operating sportsbooks. They were all required to pay a $100,000 licensing fee. In addition, they will have to contribute a 10% tax on adjusted gross sports wagering receipts.

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BetConstruct at this year’s SAGSE LatAm

Casino News Today
BetConstruct at this year’s SAGSE LatAm

BetConstruct is to attend a preeminent gaming event, the SAGSE LatAm Expo in Buenos Aires, Argentina on September 11 – 13. Latin America is a huge market for BetConstruct. During the SAGSE LatAm Expo , the company will aim to impress all attendees with its powerful solutions and the freedom of choice they offer. Among the company’s showcase at its ...

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Mississippi Finally Gets Its Lottery with Support from Lawmakers, Governor

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Mississippi Finally Gets Its Lottery with Support from Lawmakers, Governor

After this week’s surprising vote in Mississippi’s House of Representatives, the state is finally getting its lottery. Governor Phil Bryant, who has publicly declared his strong support for the lottery legislation, is expected to sign the bill in the coming weeks. With legislature finally approving lottery in Mississippi, five states in the country remain without […]

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Florida Casino Amendment Sees Support from 71% of Likely Voters in Latest Poll

Casino News Daily
Florida Casino Amendment Sees Support from 71% of Likely Voters in Latest Poll

Amendment 3 will see support from 71% of Florida’s residents who are likely to cast their vote in the upcoming General Election in November, the results from a recently conducted poll show.

Spearheaded by the Voters in Charge organization, Amendment 3 aims to modify Florida’s existing law in a manner that will prevent any gambling-related decisions from being made by the state Legislature without those being approved by 60% of all voters first.

The latest poll on the matter, the results of which were published earlier this week, was commissioned by Voters in Charge and was conducted by Hill Research Consultants. The research firm interviewed 1,209 people in the period between July 18-24. Interviews were conducted online as well as via mobile and landline phones. Hill Research found that 71% of all respondents were likely to vote ‘Yes’ for Amendment 3, meaning that they would support control over gambling-related decisions to be handed to residents of the state. Of all interviewed individuals, 18% said that they would cast a ‘No’ vote.

A similar poll carried out by Hill Research in January showed relatively similar results. As many as 1,235 likely voters were interviewed back then and 76% said that they would support Amendment 3, while 19% responded that they would vote ‘No’.

Why Will Amendment 3 Probably Succeed?

According to analysts, Amendment 3 will likely succeed in the upcoming November vote for several important reasons. In the first place, Florida voters had long been the ones to decide on gambling expansion matters, following the legalization of certain gambling services in the state in the early 1900s. It has actually been only recently when lawmakers assumed full control over those decisions.

Amendment 3 has thus been promoted as a measure that would reinstate something that had previously belonged to the people of Florida.

In the second place, the proposed constitutional amendment is pretty straightforward and easy to understand what will change exactly if it gains the necessary support from more than 60% of all Floridans who cast a vote at the upcoming mid-term General Elections on November 6. To better illustrate this, here is the Amendment 3 ballot title and summary:

Voter Control of Gambling in Florida

This amendment ensures that Florida voters shall have the exclusive right to decide whether to authorize casino gambling by requiring that in order for casino gambling to be authorized under Florida law, it must be approved by Florida voters pursuant to Article XI, Section 3 of the Florida Constitution. Affects articles X and XI. Defines casino gambling and clarifies that this amendment does not conflict with federal law regarding state/tribal compacts.

Last but not least, Amendment 3 has two huge businesses as its main supporters. News emerged earlier this month that of the total amount of $27 million poured into the measure’s promotion, $26 million has come from Disney and the Seminole Tribe of Florida, which owns and operates a number of casinos through its Seminole Gaming and Hard Rock International entities. Both have no interest in any form of gambling expansion in the state due to competition concerns. They have thus teamed up to support the Voters in Charge’s cause and thus prevent any new gambling entities from being established to steal clientèle and cannibalize revenue.

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Thursday, August 30, 2018

Gaming in Spain Conference: new opportunities to a maturing market

Casino News Today
Gaming in Spain Conference: new opportunities to a maturing market

The 2018 Gaming in Spain Conference, which takes place November 7-8, 2018, in Madrid, is your single stop to stay informed of the increasingly attractive opportunities offered by the booming Spanish online gaming market. Click here to register. Lower tax rates and strong growth offer fresh opportunities To an industry sector that often appears to be under regulatory siege, the ...

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Penn National Nears Closure of Pinnacle Takeover with Missouri Approval

CasinoGamesPro.com
Penn National Nears Closure of Pinnacle Takeover with Missouri Approval

One of the largest and most influential casino operators in the United States is one step closer to gaining an even bigger share of the gambling market in the country. On Wednesday, Penn National Gaming announced it has secured an approval from the gambling regulator in Missouri in relation to the pending acquisition of Las-Vegas […]

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Nayong Pilipino Foundation Slams Corruption Allegations over Casino Project

Casino News Daily
Nayong Pilipino Foundation Slams Corruption Allegations over Casino Project

Nayong Pilipino Foundation officials once again denied corruption allegations and stressed on the legality of the foundation’s deal with Hong Kong casino resort developer Landing International Development that secured the latter with a land plot for the development of a $1.5-billion hotel and casino complex.

Philippine President Rodrigo Duterte fired earlier this month all members of the board of the state-run organization that was established back in the 1970s to run the Nayong Pilipino cultural theme park located in Pasay City in the Metro Manila area.

Earlier this year, Nayong Pilipino Foundation penned an agreement with Landing to lease the land previously occupied by the above-mentioned theme park for the development of an integrated resort with a casino floor, hotels, and multiple non-gambling entertainment options. The site is located within Entertainment City in the Manila Bay area and not far from where the Philippine capital’s three operational integrated resorts have been built.

The Hong Kong-based developer broke ground on the property earlier this month. However, President Duterte announced hours after the ground-breaking ceremony that measures will be taken to block the materialization of the mega-plan.

The Philippines’ top official said that the lease deal was flawed and “grossly disadvantageous” as the lease period was “ridiculously long” and the lease rates were too low. In addition, the members of the Nayong Pilipino Foundation were accused of corruption.

President Duterte also ordered the Department of Justice to carry out a review of the lease deal. DOJ officials announced earlier today that the probe was completed on Wednesday but refused to reveal more details about the department’s findings.

Nayong Pilipino Foundation Slams Corruption, Graft Allegations

In a written statement released across several local news outlets on Wednesday, the foundation said that it has followed “all procedural and legal requirements” before the project was launched and that its members were “falsely and maliciously accused” of corruption.

Under the terms of the deal between Nayong Pilipino Foundation and Landing, the latter agreed to lease the portion of land for a period of 25 years with an option for an extension of the deal for another 25 years. In his comments against the deal, President Duterte has pointed out that it was a ridiculously long one and granted Landing permission to use the land for a period of 70 years and operate a casino on it. And the official has repeatedly pointed out that no other casinos beyond the existing ones would be allowed in the country.

The foundation stressed that a 70-year lease period has never been discussed by the two parties and that the initial lease period could only be extended to 50 years if the Philippine Tourism Infrastructure and Enterprise Zone Authority classifies Landing’s development as a tourism project.

As for President Duterte’s comments that the lease price was too low, the foundation said that Landing has agreed to pay PHP360 per square meter per month for the 9.57-hectare property and to contribute 10% of the net profits from the three theme parks that are planned to be developed as part of the integrated resort, which effectively raises the lease price to PHP570 per square meter per month. The foundation’s statement further read that Resorts World Manila pays PHP156.66 per square meter per month for the 5.4-hectare site it occupies, a price significantly lower than what Landing has agreed to pay.

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LeoVegas AB re-launches sportsbetting-focused BetUK.com

World Casino News
LeoVegas AB re-launches sportsbetting-focused BetUK.com

Swedish iGaming operator LeoVegas AB has announced the official re-launch of its BetUK.com brand at the same time as revealing that the new-look domain is now set to concentrate primarily on offering sportsbetting services to aficionados in the United Kingdom. Domain acquired in February: LeoVegas AB added BetUK.com to its portfolio in February via its […]

Wednesday, August 29, 2018

Poker Community Discuss Security after E-Sports Competition Mass Shooting

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Poker Community Discuss Security after E-Sports Competition Mass Shooting

The world of eSports was shocked after Sunday’s mass shooting at a Madden video gaming competition in Jacksonville, Florida. The incident, which left two people dead and many more injured sparked security concerns among the poker community, as well, with Poker Hall of Famer Mike Sexton urging buildings, including casinos, to install metal detectors. On […]

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Should Atlantic City Casinos Be Worried About Growing Competition From Nearby States?

Should Atlantic City Casinos Be Worried About Growing Competition From Nearby States?
chess competition

Outside gambling competition is an issue for Atlantic City casinos as East Coast markets that once funneled gamblers onto the Boardwalk expand.

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NFL Club Owners Retain Stakes in DraftKings Despite Sports Betting Launch

Casino News Daily
NFL Club Owners Retain Stakes in DraftKings Despite Sports Betting Launch

The owners of two NFL clubs have not disposed of their stakes in daily fantasy operator turned bookmaker DraftKings as the new season is weeks away from kicking off and sports betting legalization efforts are gaining pace in multiple states.

Major US sports media outlet ESPN reported on Tuesday citing unnamed sources that New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones have not sold yet their stakes in the daily fantasy company, which recently launched a mobile sports betting app in New Jersey.

Both businessmen have small stakes in DraftKings, less than 5% each, sources have confirmed. Asked to comment on the matter, a Cowboys spokesperson has told ESPN that Mr. Jones indeed owned a stake in DraftKings but his ownership was through sports hospitality company Legends and not through the football team.

However, it turns out that both Mr. Kraft and Mr. Jones are not in a conflict of interest, or at least not yet. Brian McCarthy, a spokesman for NFL, has told ESPN that under existing policies of the league, members are allowed to own equity interest in a given business that does not generate more than a third of its overall revenue from gambling services.

Where Does DraftKings’ Betting Product Stands At?

At present, fantasy sports is DraftKings’ primary product. However, in a recent interview with Yahoo Finance, CEO Jason Robins said that it will not be long before the company begins deriving the majority of its revenue from sports betting. He added that they expect that to happen in the next two to three years, depending on “how fast the states roll out”.

DraftKings joined the US sports betting scene, which is gradually expanding with every day passing, at the beginning of August. The company launched a mobile wagering product in New Jersey, a result from its partnership with Resorts Casino Hotel. DraftKings Sportsbook actually became the state’s first mobile betting app. The product offers different types of betting, including in-game bets and pre-season betting, and makes it possible for bettors to exit a wager through a ‘cash out’ feature.

Gambling consultancy Eilers & Krejcik Gaming estimated that DraftKings’ revenue from daily fantasy sports stood at around $218 million in 2017. It is to be seen how much the company will generate from sports betting during the first month and throughout the rest of the year.

ESPN points out that should DraftKings’ betting revenue eventually lines up and eclipses its proceeds from daily fantasy sports, it will be a costly move for Mr. Kraft and Mr. Jones to dispose of their stakes in the company. Still, they will be forced to divest, under NFL’s current policies.

NFL has long been one of the biggest opponents of sports betting, arguing that it threatens the integrity of sports The football league is one of the four major US leagues that are seeking a share of the revenue generated by the nation’s sports betting industry in the form of an integrity fee, with NBA, NHL, and MLB being the other three.

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Caesars Looking to Sell Rio All-Suite Hotel & Casino, According to New Round of Reports

Casino News Daily
Caesars Looking to Sell Rio All-Suite Hotel & Casino, According to New Round of Reports

For nearly a decade now, the Las Vegas rumor mill would, every once in a while, produce a story revolving around the potential sale of Rio All-Suite Hotel & Casino, which is currently owned by gaming and hospitality giant Caesars Entertainment Corp. and has been home to the World Series of Poker for more than a decade now.

A fresh round of reports about Caesars’ intention to sell the off-Strip Vegas casino emerged earlier this month. Las Vegas-based blog Vital Vegas said in a tweet early in August that an “insider” had confirmed that the casino operator had begun looking for a buyer for Rio and that it would bring the WSOP to Caesars Forum, a $375-million 550,000-square-foot convention center, it broke ground on earlier this summer and is slated to open doors in 2020 and become a premium Strip events destination.

The WSOP denied those reports shortly after. However, in a tweet from earlier this week, Vital Vegas said that their sources have informed them that the sale will happen and that three companies have expressed interest in buying Rio. Vital Vegas also pointed out that the WSOP will indeed move to Caesars Forum, despite previous denials.

Previously shared Rio sale rumor looks like the real deal. Caesars highly motivated to cut her loose, insider confirms three viable entities circling. Aftermath of sale will include move of WSOP to Caesars Forum convention center, despite denials.

— Vital Vegas (@VitalVegas) August 27, 2018

The WSOP has grown tremendously over the past several years. During the 2018 edition of the world’s longest-running tournament poker series, a record number of 123,865 entries registered into a record number of 78 gold bracelet events. In other words, the series could certainly make good use of a larger venue.

People familiar with Rio’s convention facilities know that the resort features 160,000 square feet of flexible convention and meeting space. Its Amazon and Pavilion ballrooms, where WSOP events are annually taking place, occupy 40,000 square feet and 50,000 square feet of space. As for Caesars Forum, developers have said that the convention center will offer 300,000 square feet of flexible space with two 108,000-square-foot ballrooms and two 40,000-square-foot ones.

Previous Sale Reports

As mentioned earlier, reports about Rio’s sale have been popping out for years. Most notably, Caesars was reported back in 2013 to have approached online poker operator PokerStars with an offer to sell its off-Strip hotel and casino resort. PokerStars Vice President of Corporate Communications confirmed those reports when approached at the time and also revealed that the online poker room refused the offer as it was not interested in buying another land-based casino.

Many expected that PokerStars might agree to buy Rio in order to be able to obtain an online gaming license in Nevada. However, the poker operator was looking to purchase another casino at the time. Online gambling was just legalized in New Jersey and PokerStars, hoping to enter that nascent market, was among the suitors circling the Atlantic Club Casino Hotel in Atlantic City. A deal between the poker room and the the owners of the now shuttered casino resort did not take place and it was not before the spring of 2016 that PokerStars finally entered New Jersey.

In 2014, pioneer entertainment journalist Robin Leach tweeted that a “major off-Strip hotel just sold for $400 million”. While he did not name the hotel, a thread in poker forum Two Plus Two suggested that Caesars might have reached a deal to sell Rio.

Despite the multiple reports over the years, the off-Strip property is still owned by Caesars. It is yet to be seen whether the case will be different this time.

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Tuesday, August 28, 2018

Scientific Games Corporation debuts new Kansas Lottery gaming system

World Casino News
Scientific Games Corporation debuts new Kansas Lottery gaming system

American gaming machine and systems innovator, Scientific Games Corporation (SG), has announced the successful launch of a new gaming system for the Kansas Lottery featuring a modern suite of Wave point-of-sale retail terminals alongside a fresh portfolio of draw games. Premiere part of ‘strategic plan’ to grow revenues: Las Vegas-headquartered Scientific Games Corporation used an official Tuesday […]

On A Roll: Atlantic City Casinos Handing Out High Number Of Jackpots In 2018

On A Roll: Atlantic City Casinos Handing Out High Number Of Jackpots In 2018
Atlantic City casino jackpots

Through Aug. 18, Atlantic City casinos have reported a total of $21.9 million in jackpot wins of more than $50,000, making the first half of 2018 more profitable than each of the previous three full years.

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Ponca Tribe to Open Iowa Casino in October

CasinoGamesPro.com
Ponca Tribe to Open Iowa Casino in October

The Ponca Tribe of Nebraska hopes their new casino in Iowa to be open and fully operational in October. The gaming facility, which is now under construction at Carter Lake, would be named Prairie Flower Casino, the tribe announced Monday. The casino project has a couple of phases, but the first one will include a […]

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Outraged Religious Group Slams Hindu Goddess-Inspired Slot Game

CasinoGamesPro.com
Outraged Religious Group Slams Hindu Goddess-Inspired Slot Game

An outraged Hindu group is demanding a public apology by online gambling company Endorphina for Durga Slot, one of the online slot games it created and distributed to multiple online gaming sites. In a press release, Rajan Zed, President of Universal Society of Hinduism, urged the company to withdraw the game because it incited immoral […]

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Monday, August 27, 2018

MGM Springfield Opens with a Bang

CasinoGamesPro.com
MGM Springfield Opens with a Bang

Massachusetts’ first integrated casino resort, MGM Springfield, opened with a bang on Friday, gathering thousands of visitors during the weekend. While many people swarmed in for the entertainment, provided by the rich concert schedule, hundreds were heading for the gaming floor where the 2,550 slot machines and 120 gaming tables were just the beginning. Friday […]

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Trio Of Treats: Highlighting What’s What At The Three NJ Online Sports Betting Apps

Trio Of Treats: Highlighting What’s What At The Three NJ Online Sports Betting Apps
three cupcakes

DraftKings Sportsbook finally has competition from playMGM and SugarHouse Sportsbook. The three NJ online sports betting sites offer a variety of features, and here are the highlights.

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Belarusian online gambling launch date confirmed

Casino News Today
Belarusian online gambling launch date confirmed

The Belarusian tax ministry has confirmed the country will regulate online gambling from the start of April 2019. Vladimir Mukvich, the Deputy Tax and Duties Minister, informs that there would be a transitional period lasting for two years, through the 1st of April 2019, when online operators would be able to apply for an online gaming licence. Mukvich added that ...

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Galaxy Chairman Expresses Strong Confidence in Boracay Casino Plan

Casino News Daily
Galaxy Chairman Expresses Strong Confidence in Boracay Casino Plan

Chinese casino tycoon Lui Che Woo is confident that Galaxy Entertainment Group will build a $500-million integrated resort with a gaming floor on the Philippine island of Boracay, despite President Rodrigo Duterte’s apparent disdain for casinos.

Mr. Lui shared details about the Macau-based gaming and hospitality giant’s Boracay venture as well as about its Japan expansion plans in an interview for CNBC that was broadcast earlier today on the news network’s Squawk Box Asia program.

Late last year, Galaxy revealed plans for the development of a $500-million destination resort on Boracay together with its Philippine partner Leisure & Resorts World Corp. Early in 2018, the two companies secured a provisional license from PAGCOR and a 23-hectare land plot on the island. However, the casino portion of the project quickly fell victim to President Duterte’s anti-gambling rhetoric. In addition, Boracay was closed for at the end of April for a six-month environmental cleanup, which was, too, ordered by the Philippines’ top official.

President Duterte has said multiple times over the past several months that he would not allow the construction of a new casino resort on the island once it reopens for business at the end of October. However, developers have maintained that the project will eventually materialize and that they will look to meet all environmental and other requirements the government might place.

Focus on Non-Gaming Options

In his CNBC interview, Mr. Lui said that their Boracay resort will target high-end customers from the Asia-Pacific region. However, there will be a clear focus on non-gambling offering. The casino floor will thus represent a small portion of the whole complex and will only feature several dozens of gaming tables. The businessman went on to say that it will be their goal to “restore the beautiful natural scenery” of Boracay to how it had been before.

Mr. Lui also pointed out that they are very confident in the project’s realization and that they will remain firm on their plans, unless the Philippine government decides otherwise.

The Chinese mogul was also asked about Galaxy’s plans for expansion in Japan. Mr. Lui said that they are watching closely developments in Japan and that they certainly nurture big ambitions for that market. Japan legalized casino gambling not long ago and a number of major gaming and hospitality companies have lodged interest in bidding for one of three gaming licenses that are to be issued.

Mr. Lui pointed out that they will pursue one of these gaming licenses, but non-gambling entertainment will be what they will really focus on if they are allowed to operate in Japan. The businessman said that they are working with the Monte Carlo brand in Macau and have recently acquired a small stake in the Macau branch of Wynn Resorts, and that they will use these partnerships to boost their chances for entering the Japanese market. The company has also been looking for Japanese partners, but the casino mogul said it would not be appropriate to reveal any potential partnerships at this point.

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Sunday, August 26, 2018

Wazdan launches with relax gaming

World Casino News
Wazdan launches with relax gaming

Award-winning gambling software supplier Wazdan has announced yet another partnership for their company. The content supplier has now launched with Relax Gaming, a multi-vertical gaming provider based in Estonia and Malta. Wazdan and Relax Gaming: Relax Gaming’s has an omnichannel open gaming platform known as Silver Bullet that has the ability to distribute thousands of […]

Dustin Gottstein Emerges as WPT500 Los Angeles Overall Chip Leader

Casino News Daily
Dustin Gottstein Emerges as WPT500 Los Angeles Overall Chip Leader

Saturday was an eventful day at The Bicycle Casino in the Los Angeles area as the ongoing WPT500 Los Angeles finally concluded its starting flights stage. Over the course of the past eight days, as many as 2,509 entrants paid the $570 buy-in fee to try their luck and challenge their skills in one of WPT’s most exclusive series.

Of the original field, only 124 will progress into Day 2 action which starts today at 1 pm local time. Action will kick off from Level 19, the earliest finish of all 16 starting flights, with blinds standing at 4,000/8,000.

Day 1O of the tournament was played yesterday at The Bike. It was the largest one of all starting flights, drawing 460 players. There were only 23 finalists left at the end of the day. They will advance into Day 2 led by Dustin Gottstein who bagged the largest stack last night. The player collected 1.334 million in chips.

It is important to note that this was not only Day 1O’s biggest chip stack, but also the biggest one bagged throughout all sixteen starting flights. In other words, Gottstein has finally replaced Day 1A chip leader Peter Hengsakul at the top of the overall chip counts chart.

Day 1P Recap

Day 1P (Turbo) was the event’s final starting flight. It was, too, played yesterday at The Bike. The flight attracted 189 entries who were eventually whittled down to just nine players. Paul Lee bagged the largest stack of that closing starting flight. The player will enter Day 2 with 830,000 worth of chips.

As mentioned above, Gottstein will begin Day 2 as the overall chip leader with 1.334 million, followed by Day 1A’s Hengsakul with 1.151 million. It is interesting to note that Hengsakul is looking to improve his third-place finish in the previous edition of the WPT500 Los Angeles. The tournament was played at The Gardens Casino last May. Hengsakul made it to the podium, but could only claim the bronze and a third-place prize of $100,000.

Alexander Beleson, the Day 1G chip leader, will enter Day 2 action with the third largest chip stack of all 124 remaining hopefuls with 1.114 million. And Thomas Zanot is the last player to have passed the one million mark. Zanot was the Day 1I chip leader and bagged 1.1 million at the end of that starting flight.

The 2,509-strong field of the WPT500 Los Angeles created a prize pool of $1,254,500, easily crushing the $1-million guarantee. It is yet to be announced how much the winner will be awarded.

Day 2 of the tournament is set for a 1 pm start at The Bike, known to be one of California’s hottest poker destinations. The remaining hopefuls will be contending for a spot among the final nine. The nine finalists will then return to the host casino on Monday to play down to a champion.

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Saturday, August 25, 2018

Mega Moolah jackpot passes $12 million milestone

World Casino News
Mega Moolah jackpot passes $12 million milestone

Online casino games and software developer Microgaming has announced that the progressive jackpot tied to its Mega Moolah video slot recently surpassed the $12 million mark and is continuing to grow by the minute. Prize could be hit at any time: Isle of Man-headquartered Microgaming used an official Thursday press release to announce that the […]

Feeling The Pinch, Monmouth ‘Confident’ It Will Kick Off Online Sports Betting By Football

Feeling The Pinch, Monmouth ‘Confident’ It Will Kick Off Online Sports Betting By Football
squeeze

Monmouth Park was the first venue in New Jersey to accept sports wagers following the repeal of PASPA. Yet, the racetrack is falling behind in the race to launch NJ online sports betting.

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Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left

Casino News Daily
Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left

Poker excitement is building up at The Bicycle Casino where the latest installment of the WPT500 is taking place. The ongoing WPT500 Los Angeles is a special one. The $570 buy-in tournament features a record number of starting flights, which means a record number of opportunities for player to join the field.

Two more starting flights were completed on Friday at the host casino and there are just two more left before the remaining survivors head to The Bike for Day 2 of the major tournament.

A massive field was built on Day 1M of the event. There were 301 players to enter through that starting flight. However, only 15 of them were lucky and persistent enough to make it through the very end and bag and tag for the night. They will have one day for a much-deserved rest and to craft their strategies of how to approach the Day 2 field. Day 2 of the tournament will be played Sunday at the casino.

Jose Gallardo finished the Day 1M starting flight as the chip leader among the 15 remaining hopefuls. The player had a total of 975,000 in chips at the end of the day. Jose Torres finished second in chips with 677,000 and Derek Lacock collected the third largest stack of 636,000 in chips.

About Day 1N

The Turbo-structure Day 1N also took place on Friday at the host casino. It drew 100 warriors seeking a shot at the title and the first-place prize. After 22 levels of play, there were only five players left to whom the original field had been whittled down.

Adin Gardenswartz was the one to put the largest stack in his end-of-the-day bag. The player had a total of 616,000 at that point. He was followed by David Marshall with 492,000 and Martin Zamani with 348,000. Kai Yang and Robert Rubano were the other two players to have survived through the end of the day. They bagged 287,000 and 244,000, respectively.

The final starting flights of the event are set to be played later today. They might turn out to be the biggest ones so far as they will be interested players’ last opportunity to join the event. The tournament features unlimited re-entries until registration for each of the two starting flights played over a day closes at the beginning of Level 9.

As mentioned earlier, Day 2 is slated for commencement at 1 pm local time at the host casino. It will see the survivors from all the starting flights brought together for the first time. The remaining hopefuls will play down to the final nine who will come back at The Bike on Monday to clash it out until a single player remains on the field. It is yet to be announced how much exactly that one final player will be awarded for their deed.

The WPT500 Los Angeles has drawn 1,860 entries so far and there are 93 to have made it through their respective starting flights.

The post Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left appeared first on Casino News Daily.

Friday, August 24, 2018

Mark LeBlanc and Jeff Yarchever Top WPT500 Los Angeles Days 1K/1L Chip Counts

Casino News Daily
Mark LeBlanc and Jeff Yarchever Top WPT500 Los Angeles Days 1K/1L Chip Counts

Days 1K and 1L of the latest edition of the $570 buy-in WPT500 Los Angeles were played at The Bicycle Casino in the Los Angeles area on Thursday. The two starting flights drew a combined of 264 entries who brought the overall field to 1,459 contenders.

Day 1K of the major tournament attracted 181 players from all over the States and the rest of the world. Action lasted through Level 21. With 27 minutes left of that level, organizers called it a day and the remaining survivors were invited to bag and tag for the night.

There were nine players left in contention at that point. Of them, it was Mark LeBlanc who put the biggest stack into his bag. The player had managed to accumulate 845,000 worth of chips by the end of the day. He actually won the last pot of the night. The overnight chip leader held up against Kevin Kung in an all-in confrontation that saw his pocket nines clash against his opponent’s pocket sixes.

Steve Silverstein with 528,000 and Beau Winn with 482,000 were the other two players to round out the chip counts podium. The nine Day 1K survivors will have several days to rest and prepare their strategies for Day 2, which is scheduled to be played on Sunday, August 26, at the host casino.

Day 1L Recap

The second starting flight of the day kicked off at 5 pm local time and featured a Turbo format. It drew an 83-strong field that was eventually reduced to just four players. Jeff Yarchever will be leading Day 1L’s pack of survivors with a significant advantage over his three remaining opponents.

The player bagged 851,000 in chips last night after surviving through all 23 levels played within Day 1L. Nikhil Gera was the player to bag the second largest stack of the night with 432,000. Lawrence Engerman with 25,000 and Felipe Davila with 133,000 will be the other two players to advance into Day 2 from the tournament’s twelfth starting flight.

There are four more starting flights left to be played as part of the ongoing WPT500 Los Angeles tournament. This latest edition of the tournament actually features a record-breaking number of starting flights since the WPT500 brand was established four years ago. A total of sixteen starting flights are slated to be played.

The event will also feature two more days of action at The Bicycle Casino – Days 2 and 3. As already mentioned, Day 2 of the tournament will be played on Sunday and will combine the survivors from all starting flights. They will play down to the final nine. The nine final tablists will then return to the host venue on Monday to determine the champion. The event features a guaranteed prize pool of $1 million and the guarantee is yet to be reached.

The post Mark LeBlanc and Jeff Yarchever Top WPT500 Los Angeles Days 1K/1L Chip Counts appeared first on Casino News Daily.

GameArt introduces jackpot games

Casino News Today
GameArt introduces jackpot games

GameArt is one of the young and quickly developing companies in the modern gambling market. From 2013 onwards, the provider succeeds in creating quality software for clients from different regions, e.g., Serbia, Slovenia, the UK, Malta, and many others. GameArt is pleased to announce a new stage of its development – the release of games with jackpots. The first batch ...

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Korean Investor K-International Sizes Up Primorsky Krai Integrated Resort Project

CasinoGamesPro.com
Korean Investor K-International Sizes Up Primorsky Krai Integrated Resort Project

Primorsky Krai is one of the rapidly developing regions in the Asia-Pacific region and Russia is willing to explore the opportunities foreign investors could offer. The latest news came after a Korean casino developer and operator K-International Inc. recently made known its desire to work on a new entertainment resort in the area which could […]

The post Korean Investor K-International Sizes Up Primorsky Krai Integrated Resort Project appeared first on CasinoGamesPro.com.

Michael Dobbs Triumphs over Rivals at Borgata’s $230 Deeper Stack NLHE

CasinoGamesPro.com
Michael Dobbs Triumphs over Rivals at Borgata’s $230 Deeper Stack NLHE

Poker action is going deeper at the famous poker arena at the Borgata in Atlantic City and more and more players are in for the money as the time flies by. This Thursday saw the anticipated fourth event of the Deepstacks Challenge poker festival which was a $230 Deeper Stack No-Limit Hold’em. Michael Dobbs is […]

The post Michael Dobbs Triumphs over Rivals at Borgata’s $230 Deeper Stack NLHE appeared first on CasinoGamesPro.com.

Thursday, August 23, 2018

First Half Of 2018 Holds Steady For Atlantic City Casino Revenues

First Half Of 2018 Holds Steady For Atlantic City Casino Revenues
balancing act

Through the first six months of the year, Atlantic City casino net revenues are almost exactly what they were last year with gross operating profit down less than five percent.

The post First Half Of 2018 Holds Steady For Atlantic City Casino Revenues appeared first on .

WPT500 Los Angeles Progresses at The Bicycle Casino with 10 Flights Now in the Books

Casino News Daily
WPT500 Los Angeles Progresses at The Bicycle Casino with 10 Flights Now in the Books

The WPT500 Los Angeles is in full swing as ten of the event’s sixteen starting flights are already in the books. The most recent two were ticked off as completed last night at The Bicycle Casino. Days 1I and 1J together drew 240 contenders on Wednesday to swell the overall field to 1,195 entries. Of that overall field, there are just 60 left in contention for the title and the first-place prize.

Day 1I featured a 174-strong field that had been reduced to just nine players when organizers called it a day. Thomas Zanot was the survivor to bag the largest stack. The player will progress into Day 2 of play with 1.1 million in chips. It is also important to note that Zanot is holding one of the largest stacks in the overall temporary leaderboard. Arkadi Onikoul with 545,000 and Gladys Landegger with 396,000 comprise the Day 1I podium.

The tournament’s ninth starting flight kicked off at 11:30 am local time at the host casino and ran through Level 19. It is important to note that when Day 2 starts on Sunday, August 26, the blinds will be rolled back to the earliest finish of all 16 flights.

Quick Day 1J Recap

The Day 1J (Turbo) starting flight saw 66 players in attendance. That field was eventually whittled down to the final three players. Douglas Claybrook emerged as the chip leader, putting 600,000 in his bag at the end of the day. Chris DeMaci with 507,000 and Min Zhang with 214,000 were the other two fortunate players who made it through the end of the event’s tenth starting flight. Action lasted through Level 23.

With ten starting flights now in the books, there are just 60 players still in contention for yet-to-be-announced first-place prize and the event’s title. Survivors from all 16 starting flights will gather together for the very first time since the tournament’s beginning on Sunday, August 26. Play is slated to kick off at 1 pm local time at the host venue and to last until the official final table of nine is reached. The nine finalists will then battle it out until a winner is determined on Monday, August 27.

However, there are six more starting flights to be played over the next three days before the time for Day 2 comes. WPT500 action at The Bicycle Casino is set to resume today at 11:30 am for Day 1K. Day 1L will then begin at 5 pm.

The ongoing WPT500 Los Angeles actually features a record-breaking number of starting fields. With a total of 16 starting fields, the event is hoped to become the largest one since the WPT-branded series was established four years ago. It has since then featured two events per season/year.

The WPT500 Los Angeles is the closing event of this season. The other one was played at Aria Resort & Casino in Las Vegas back in June. That one attracted 2,983 entrants who generated a prize pool of nearly $1.5 million. Kyriakos Papadopoulos emerged victorious for a first-place prize of $207,940.

The post WPT500 Los Angeles Progresses at The Bicycle Casino with 10 Flights Now in the Books appeared first on Casino News Daily.

Microgaming’s Mega Moolah Jackpot Well on Its Way to Surpassing Record $13 Million

CasinoGamesPro.com
Microgaming’s Mega Moolah Jackpot Well on Its Way to Surpassing Record $13 Million

Impressive jackpots are among the many perks of the gaming industry and some of the luckiest players giving slots a try get to experience the thrill of claiming small or larger fortune at least once in their life. At the moment one of the most iconic progressive jackpots Mega Moolah reaches $12,511,380.74, increasing by the […]

The post Microgaming’s Mega Moolah Jackpot Well on Its Way to Surpassing Record $13 Million appeared first on CasinoGamesPro.com.

Leonard Villane Prevails in Borgata’s Deepstacks Challenge $20,000 GTD Event 3

CasinoGamesPro.com
Leonard Villane Prevails in Borgata’s Deepstacks Challenge $20,000 GTD Event 3

Atlantic City has been among the hottest locations for gambling in the past years, but this week is aiming to increase heat levels at Borgata Hotel Casino and Spa as the location is hosting the eagerly anticipated Deepstack Challenge poker festival spanning over this week. The last event of the Deep phase of the congregation […]

The post Leonard Villane Prevails in Borgata’s Deepstacks Challenge $20,000 GTD Event 3 appeared first on CasinoGamesPro.com.

Wednesday, August 22, 2018

MGM Cotai to begin utilizing junket operators

World Casino News
MGM Cotai to begin utilizing junket operators

In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners over the next seven months. Five firms coming: According to a report from GGRAsia, the revelation came from Grant […]

Variety May Be The Key To NJ Online Gambling’s Booming Live Dealer Lineup

Variety May Be The Key To NJ Online Gambling’s Booming Live Dealer Lineup
live dealer games

Are live dealer games a must-have for NJ online casinos? For sure, but it may be that unique live casino games help separate the good from the better in the NJ online gambling pack.

The post Variety May Be The Key To NJ Online Gambling’s Booming Live Dealer Lineup appeared first on .

Foreign casino operators lobbying hard in Japan

World Casino News
Foreign casino operators lobbying hard in Japan

In Japan, a host of foreign gambling operators are reportedly going all out in hopes of securing one of the three casino licenses that are going to be made available following last month’s ratification of the Integrated Resort Implementation Bill. Osaka considered prime candidate: According to a Monday report from the Reuters news service, the […]

Atlantic City Casinos Close Out July With Big Gains, But Will The Fireworks Continue?

Atlantic City Casinos Close Out July With Big Gains, But Will The Fireworks Continue?
atlantic city casino revenue

July revenue for Atlantic City casinos shows a 12.8 percent gain compared to July 2017, in no small part due to the combined $48 million in casino win that Hard Rock AC and Ocean Resort Casino posted.

The post Atlantic City Casinos Close Out July With Big Gains, But Will The Fireworks Continue? appeared first on .

Tuesday, August 21, 2018

Budd Beaman and Straton Wilhelm Emerge as WPT500 Los Angeles Days 1E and 1F Chip Leaders

Casino News Daily
Budd Beaman and Straton Wilhelm Emerge as WPT500 Los Angeles Days 1E and 1F Chip Leaders

The fifth and sixth starting flights of the WPT500 Los Angeles were completed on Monday at the host venue, the Bicycle Casino. Days 1E and 1F brought the field of the brand-new edition of the popular event to a total of 764 entries. And the survivors from these two starting flights will be able to join their fellow competitors from the previous few days to progress all together into Day 2 of the $570 buy-in tournament.

Day 1E kicked off at 11 am local time at the hosting casino. It drew a 105-strong field, but there were only five survivors left when organizers called it a day. Budd Beaman ended the day as the chip leader with a stack of 647,000. A look at the player’s Hendon Mob profile shows that he has a little over $8,200 in live tournament earnings, but if he keeps his momentum into the upcoming days of the WPT500 Los Angeles, he might change that and at a hefty payout to his bankroll.

Erik Nason with 574,000, Marc Robinson with 398,000, William Wolf with 292,000, and Ilya Shpiner with 190,000 were the other four players to make it through Day 1E. They will all return to the host venue on Sunday, August 26, for Day 2 action.

The Day 1F Survivors

Day 1F featured a Turbo structure. It kicked off at 5 pm at the host venue to create a field of 51 entries. There were just three players left at the end of that sixth starting flight. Straton Wilhelm was the player to bag and tag the largest chip stack of Day 1F with 522,000. The player finished the day with a considerable chip advantage over his two other fellow competitors. Abdulaziz Alaquil with 264,000 and Thuy Nguyen with 235,000 were the other two to bag for the night.

The WPT500 Los Angeles has attracted a total of 764 entries over the course of its first six starting flights and that original field has been reduced to just 39 hopefuls.

There are ten more starting flights set to be played within the tournament, two on each of the next five days through Sunday, when Day 2 will take place and survivors from all starting days will gather together for the very first time. Sunday action will involve the hopefuls reducing the field to the final nine. The official final table of the tournament will thus be played on Monday when a winner will be determined.

The event features a guaranteed prize pool of $1 million. The guarantee is yet to be crashed but there is still plenty of time for that to happen with the unlimited opportunities for an entry into the tournament.

The Day 1A chip leader Peter Hengsakul is actually holding the overall chip lead among the 39 remaining players. The player bagged and tagged 1.151 million at the end of his respective starting day to top the temporary chip counts chart with a significant advantage. The WPT 500 Los Angeles is not an unknown field for the poker professional. Last year, he finished third in the tournament for a monetary prize of $100,000.

The post Budd Beaman and Straton Wilhelm Emerge as WPT500 Los Angeles Days 1E and 1F Chip Leaders appeared first on Casino News Daily.

Ohio’s 2018 Sports Betting Launch Chances Plunge, Constitutional Amendment Eyed

CasinoGamesPro.com
Ohio’s 2018 Sports Betting Launch Chances Plunge, Constitutional Amendment Eyed

Even though hopes were high for legal sports wagering in the state of Ohio and its greenlighting by the end of this year, the possibility of such move declines with every passing day. It was recently confirmed that Larry Obhof, President of the state Senate claims that the proposed bill legalizing betting on sports events […]

The post Ohio’s 2018 Sports Betting Launch Chances Plunge, Constitutional Amendment Eyed appeared first on CasinoGamesPro.com.

Esports betting site Luckbox partners with Omega

World Casino News
Esports betting site Luckbox partners with Omega

After earlier this month announcing it had been awarded a full gambling license in the Isle of Man, esports betting site, Luckbox, has agreed a deal with top platform provider, OMEGA Systems. The deal represents a further major product development milestone for the company founded by former PokerStars colleagues, Lars Lien and Mike Stevens. According to the […]