Friday, September 21, 2018

Betsoft Gaming deals with Jumba Bet – Content Agreement

Casino News Today
Betsoft Gaming deals with Jumba Bet – Content Agreement

Betsoft Gaming keeps its position of a leader in the Curaçao regulated market, signing the latest in a series of far-reaching content agreements with Jumba Bet casino. The content agreement covers all Betsoft games licensed for the jurisdiction, also player favourites titles from the Slots3TM series.  The deal also provides for the integration of further games over time, allowing Jumba Bet’s players ...

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One Million Bets Is So Two Weeks Ago; DraftKings Nearing Two Millionth Wager

One Million Bets Is So Two Weeks Ago; DraftKings Nearing Two Millionth Wager
counting

Jason Robins, CEO of DraftKings, told CNN that the rise of DraftKings Sportsbook is thanks to football season and a mature NJ sports betting product.

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Golden Entertainment division expands with local acquisition

World Casino News
Golden Entertainment division expands with local acquisition

PT’s Entertainment Group, a division of Golden Entertainment Inc. (NASDAQ:GDEN), has acquired all three of the T-Bird Lounge & Restaurants’ Las Vegas locations. According to the Las Vegas Sun, after completing the acquisition the local pub giant will assume operations of the trio of valley locations including 9465 S. Eastern Ave, 6560 W. Warm Springs Road […]

Cherry AB brings Blitzino.com to Germany

World Casino News
Cherry AB brings Blitzino.com to Germany

After launching the Snabbare.com and Hajper.com domains for players in its home nation earlier in the year, Swedish iGaming firm Cherry AB has now announced the premier of the new Germany-facing online casino at Blitzino.com. To be operated by ComeOn! concern: Stockholm-listed Cherry AB used an official Wednesday press release (pdf) to reveal that Blitzino.com […]

Thursday, September 20, 2018

888 Sport, BetStars, FanDuel: The Basics Of The Latest NJ Sports Betting Apps

888 Sport, BetStars, FanDuel: The Basics Of The Latest NJ Sports Betting Apps
nj online sportsbooks

Look no further for a quick comparison of the latest online sportsbooks in the NJ sports betting market: BetStars, FanDuel, and 888 Sport.

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US State and Local Governments Rake in $40.8 Billion in Gambling Taxes

Casino News Daily
US State and Local Governments Rake in $40.8 Billion in Gambling Taxes

US governments on all levels, federal, state and local, received $40.8 billion in tax revenues from the rapidly growing gambling industry in 2017. The sector contributed $261 billion to the United States economy and employed more than 1.8 million people, a new study by Oxford Economics reveals.

The research, published this week by the American Gaming Association, uncovers the key role of the gambling industry in the nation’s economy. The latest data shows the striking impact of casinos on other sectors such as hospitality, finance, insurance, and real estate. The gambling business has also become a large employer, while tax revenue from it alone provides funds, which would allow for the hiring of 692,000 new teachers, says Sara Slane, senior vice president of public affairs for the American Gaming Association, in an official statement.

According to the American Gaming Association (AGA), casino gaming has expanded to multiple new markets in the past few years, supporting the development and funding of various community projects in education, healthcare, etc. In 2017, the total economic impact of the gaming industry was $261.4 billion. This figure refers to the business sales or the output, which includes much more than just casino revenues.

Instead, researchers at Oxford Economics took various aspects of the gambling industry into account. Native American casinos, for example, generated $33.7 billion in total revenue, while commercial casinos earned $55.7 billion, for a total casino revenue of $89.4 billion. Nearly $73 billion of it represents the gross gaming revenue, while the rest of the money was generated by lodging, food and beverage, and entertainment.

Another figure included in the 2017 statistics is the gaming manufacturers’ revenue, which totaled $6.3 billion. In addition, ancillary spending added another $13.3 billion – these are the purchases of casino patrons that are made outside the gambling facilities but are completely dependent on casinos. Overall, the total direct spending generated by the gambling industry last year was $109 billion. The commercial casino industry brought $40.8 billion in total tax revenues, $10.7 billion of which came directly from gambling.

However, the economic impact of the gambling sales far extends this figure and shows the sector’s actual potential for supporting employment and boosting revenues in many other industries.

Huge Economic Impact

As mentioned above, local, state and federal governments received $40.8 billion in tax revenues from the casino and gambling industry last year. As city and state coffers were boosted by billions of dollars, a wide range of projects and services were funded such as hospitals, schools, public safety, infrastructure projects, educational programs, etc. Interestingly, the total tax impact per household was estimated – it was $343 per US household. In other words, every household in the country received a share of the taxes collected from the gaming sector in 2017.

One of the most important roles of the gambling industry is its influence on employment in the United States, according to researchers. The Oxford Economics study shows that commercial casinos employed 361,000 people, while tribal casinos employed another 198,000 individuals in 2017. The income generated from this labor was $26.5 billion, estimates reveal. An additional 17,100 employees worked for gaming manufacturers, earning $1.1 billion.

Patrons’ ancillary spending, as explained above, directly generated 151,000 jobs in other sectors, with $5.7 billion in labor income. The gambling business supported a total of 727,000 direct jobs that accounted for $33.3 billion of wages, salaries, and tips, the report reveals. That is not all, however, and researchers explain that the business activity of the gaming industry has, in fact, caused a chain effect that ultimately generated indirect labor income of $18.3 billion.

Last, but not least, casino workers, as well as employees in businesses directly or indirectly influenced by the gaming industry spend on services and goods from completely different sectors. As a result, the induced labor income last year totaled $22.3 billion. Overall, the gambling industry supported 1.8 billion jobs that generated $74.0 billion in salaries, benefits, and tips.

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MGM Resorts Foots the $275-Million Bill for Ohio’s Hard Rock Rocksino Transfer

CasinoGamesPro.com
MGM Resorts Foots the $275-Million Bill for Ohio’s Hard Rock Rocksino Transfer

MGM Resorts has dedicated this year to many new investments and the development of new markets as it could be clearly seen by the latest move which reached its final stage this Thursday. The state of Ohio is ready to welcome more of MGM with the help of the operator’s latest arrangement associated with Hard […]

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Zack Milchman Leads 69 Survivors to WSOP Circuit $400 NLH Monster Stack Final Day

Casino News Daily
Zack Milchman Leads 69 Survivors to WSOP Circuit $400 NLH Monster Stack Final Day

WSOP Circuit regular Zack Milchman returns as a chip leader for the final day of $400 NLH Monster Stack tournament, which is currently underway at Seminole Casino Coconut Creek. This is the sixth event of the poker festival where a total of twelve WSOP gold rings would be given along with hundreds of thousands of dollars in cash prizes.

The Seminole Casino in Coconut Creek, Florida, is now hosting the 2018/2019 World Series of Poker Circuit, one of the most prestigious poker tours in the world. The current, fifteenth season is taking place at more than a dozen venues, including Harrah’s Cherokee and Las Vegas’ Planet Hollywood and Bally’s. The Seminole Casino Coconut Creek is one of the top locations with a festival that runs until Monday, September 24. There are a total of 12 official ring events, while the winner of the Main Event will also secure a free seat to the $1 Million GTD Global Casino Championship.

The sixth tournament at Coconut Creek kicked off Tuesday and 586 entries were registered over the two starting flights, pushing the total prize pool to $193,380. Only 28 players survived after Day 1A, led by Michael Perrone, while Day 1B ended with another 41 players who qualified for the second day of the event. Zack Milchman finished as a Day 1B chip leader with a massive stack of 842,000 in tournament chips. With such an impressive score, he is also on top of the overall leaderboard for the final Day 2 of the event.

A total of 69 poker enthusiasts and pros will return to the poker tables on Thursday and the top 63 of them will finish in the money. Milchman is followed by Perrone who bagged 653,000 after the first flight. Among the big stacks, we can also see Bill Farnan (596,000), John Gorsuch (592,000), Kammar Andries (555,000), and Ray Millard (529,000). The minimum cash guaranteed to those who make it to the paid places is $632, while the winner will receive a prize of $40,619.

Cory Blum Has the Biggest Stack for $600 Pot-Limit Omaha Day 2

Wednesday saw another tournament of the 2018/2019 WSOP Circuit starting at Seminole Casino in Coconut Creek in Florida. Cards got in the air at 4.00 p.m. for the seventh event of the festival, the $600 Pot-Limit Omaha, which attracted a total of 59 players and collected a prize pool of $30,385. After a series of eliminations, the play ended with only 6 entries remaining for Day 2 on Thursday.

When they sit on the final table this afternoon, they will be led by Cory Blum, a poker enthusiast from Plantation, Florida. He has a sizable advantage over the others and will start with 455,000 chips, followed by Jordan Dhanani who has 248,000, Craig Monrade with a stack of 174,000 and Benjamin Friesen who has 164,000 in chips. They will receive a minimum of $1,793, while the player who manages to dominate his competitors and survive until the end will take home $11,394.

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Wednesday, September 19, 2018

Zitro supports Argentinian operators

Casino News Today
Zitro supports Argentinian operators

Zitro combines spectacular products and flexible business formulas to support Argentinian operators. Last May, Zitro celebrated its first Zitro Experience event in Argentina, where, in addition to presenting its products, founder Johnny Viveiros Ortiz announced their commitment to the market and their closeness to the needs of the Argentinian operators. The situation caused by the strength of the dollar has ...

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Swedish NetEnt Gets Foot in Pennsylvania Online Gambling Field’s Door through Licensing

CasinoGamesPro.com
Swedish NetEnt Gets Foot in Pennsylvania Online Gambling Field’s Door through Licensing

Online gambling is well on its way across Pennsylvania and interest towards developing within the borders of the state is both regional and international. This Wednesday witnessed a significant move made by Swedish-listed casino developer NetEnt which filed its application for a licensing which would allow it to branch out and explore the vast field […]

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New Mobile Casinos Guide

Casino News Today
New Mobile Casinos Guide

Recent advancements in mobile technologies have marked the rise of a new generation of players, and new mobile casinos are being launched almost every day, each bringing something different to the table and adjusting their offer to the latest mobile device platforms and device models. A lot of online casinos grabbed the opportunity of conquering the new market and optimised ...

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United Keetoowah Band Aspires to Bring Tribal Casino to Oklahoma’s Enid Town by 2020

CasinoGamesPro.com
United Keetoowah Band Aspires to Bring Tribal Casino to Oklahoma’s Enid Town by 2020

A new tribal casino venue is in the works for the state of Oklahoma, as this Tuesday saw the official presentation of the United Keetoowah Band of Cherokee Indians tribe. According to the information issued, the region of east Enid might witness a tribal casino venue managed by the Indian tribe, set to launch operation […]

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Tuesday, September 18, 2018

DraftKings Sportsbook Sets The Bar High With One Million Bets In One Month

DraftKings Sportsbook Sets The Bar High With One Million Bets In One Month
high bar

DraftKings Sportsbook, the first online NJ sports betting platform to go live in New Jersey, hit one million bets but how did it do it?

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Further expansion plans for Tigre de Cristal revealed

World Casino News
Further expansion plans for Tigre de Cristal revealed

In eastern Russia, the state-run Primorsky Krai Development Corporation has reportedly revealed that the coming second phase of the Tigre de Cristal integrated casino resort is set to feature a substantial shopping center as well as an indoor beach club. Development to feature artificial beaches: According to a report from GGRAsia, the information was included […]

Formula One Inks Historic Sponsorship Deal to Launch Live Betting

Casino News Daily
Formula One Inks Historic Sponsorship Deal to Launch Live Betting

Formula One, the highest and most prestigious class of auto racing sports in the world, has surprisingly changed its years-long attitude towards sponsorship by bookies on Tuesday. The brand’s owner, Liberty Media, announced it has signed a sponsorship and data rights deal with Interregional Sports Group and Sportsradar.

As part of the groundbreaking partnership, the first ever F1 betting offering will be created, allowing fans to place live bets on the competition. According to an official press statement, released Tuesday, the deal enables the development of in-play betting markets. For the first time in the history of Formula One, millions of people around the world will be able to wager easily on Grand Prix.

This is the first strategic partnership for Formula One and according to media reports in The Edge, the contract between Liberty Media and the two companies costs US$8 billion. The Financial Times estimates that the deal will be worth at least $100 million over the next five years. Interregional Sports Group (ISG), which is a London-based marketing agency, will grant betting partnership rights to various betting brands in regulated markets. This will include on-screen graphics, trackside signage, as well as digital integration with the social platforms of Formula One, the statement reveals.

Although the details of the deal are still unclear, ISG would make an upfront payment to Formula One and then, it would sell the access rights to gambling companies. The other company in the partnership is Sportsradar, a sports betting and data analyzing firm, headquartered in Switzerland. According to the press release, the company and its Fraud Detection System will provide assistance with the safety and integrity policies. It already works with various rights holders and helps them prevent and fight match-fixing. Some of these leagues are NBA, NHL, FIFA, World Rugby, ITF, UEFA, AFC, and more.

F1’s First Betting Sponsorship Deal in 40 Years

During Bernie Ecclestone’s era, which continued for 40 years, the endorsement from betting companies was not allowed. Ecclestone who ran Formula One since the 1970’s did not want the brand to be associated with gambling in order to preserve its glamorous image. Most sports, leagues, and teams, on the other hand, have signed multi-million sponsorship deals with sports betting and gambling companies over the years. Such partnerships have increased in value in recent years, earning fortunes to some of the most successful teams in the world.

The deal with ISG and Sportsradar will not only allow fans to place live bets but it will also enable advertisements to be displayed on electronic billboards track-side. Gambling brands will be flashed on the track and on-screen during televised races. After this partnership takes into effect, Formula One will become a lot like English football, for example. This season, 17 of all 24 Championship clubs and 9 of all 20 Premier League clubs are sponsored by sportsbooks, which names are clearly displayed on footballers’ shirts.

The move is an important shift in the business strategy from what was practiced over decades under the previous owner. But it also comes in a time of controversy regarding the influence of gambling giants on sports groups and major sporting leagues. For this season, Formula One has 21 races which take place worldwide. Some of the countries where they are held, however, prohibit or restrict gambling ads during live broadcasts.

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Evolution signs agreement with Les Ambassadeurs Club

Casino News Today
Evolution signs agreement with Les Ambassadeurs Club

Leading provider of Live Casino solutions, Evolution Gaming, has announced that it has signed an agreement with Les Ambassadeurs Club, one of London’s most distinguished gambling clubs. Under the terms of the agreement Evolution will operate a Mayfair Salle Privée Live Casino studio within the venue and also install Dual Play Roulette and Baccarat ‘convergence’ tables on the club’s gaming ...

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Monday, September 17, 2018

Visitor Numbers at MGM Springfield Exceed Expectations

Casino News Daily
Visitor Numbers at MGM Springfield Exceed Expectations

The number of daily visitors at the recently opened MGM Springfield has been around 50,000 on average during weekends and approximately 25,000 on weekdays, which significantly exceeds expectations. Revenues have also been higher than initial projections, casino officials told state regulators.

MGM Springfield, a $960 million investment by MGM Resorts International, opened on August 24 as Massachusetts’ first commercial casino resort. Since its grand opening, which was marked by huge celebrations and music performances by the likes of Stevie Wonder and Dropkick Murphys, the resort is seeing a surprisingly large attendance, especially during weekends. Daily visitors are averaging 50,000, while the numbers are half during weekdays, MGM Springfield President Michael Mathis said last week at a meeting with the Massachusetts Gaming Commission.

According to him, the operator’s early projections were rather modest compared to the actual figures reported so far. The company had estimated that there would be between 15,000 and 20,000 visitors a day. In reality, around 25,000 on average visit the integrated casino resort on weekdays. Revenues are also showing great potential, although it is too early for conclusions as the casino opened less than a month ago. As expected, Mathis did not share specific figures.

During the Thursday meeting, casino officials also reassured the Gaming Commission that they the facility is complying with all regulations. As a result, the state regulator voted unanimously to grant MGM Springfield a permanent certificate of operations. Until now, it was operating under a temporary license. The state receives 25 percent of the gross gambling revenues generated by the 14-acre facility. According to earlier projections, MGM could earn around $500 million in winnings, which would translate to roughly $125,000 in taxes for the state. Still, there are no clear figures on the revenues generated so far.

New Policies to Keep Minors Off Casino Premises

All seems to be going well for the new casino resort. Several issues have been reported by the MGM Springfield, however, with underage access to the casino being the most serious one. There was a case when minors were discovered on the casino floor, which is a clear violation of Massachusetts law. The operator has, since then, taken steps to stop and prevent underage gambling, Mathis explains.

One of the measures states that individuals under the age of 16 will not be allowed at the facility if they are not accompanied by an adult. In addition, people under the age of 21 will not be able to enter the casino after midnight. The only exception is made for the guests at the resort who may be staying with their family members.

Of course, there are lots of non-gambling amenities at MGM Springfield that can be visited by both adults and youngsters. They include restaurants and retail stores, a bowling alley and a movie theater, slated for an opening very soon. The outdoor plaza is a popular venue for concerts, comedy performances, group yoga classes, etc. There is also a spa and fitness center with a swimming pool.

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NJ’s Top Regulator: We Have A ‘Great Opportunity’ To Be A Leader In Sports Betting

NJ’s Top Regulator: We Have A ‘Great Opportunity’ To Be A Leader In Sports Betting
leader

Director David Rebuck's testimony to the NJ Legislature was an eye opener, suggesting that NJ was gradually becoming the key sports betting state in the US.

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South Goa Might Be Home of More than 1,000 Criminals Overseeing Illegal Matka Operation

CasinoGamesPro.com
South Goa Might Be Home of More than 1,000 Criminals Overseeing Illegal Matka Operation

Matka is among the widely spread popular games across India and people in the region seem to enjoy its entertainment potential. For the time being, however, it is considered illegal according to the laws overseeing the gambling field, which calls for a gambling crackdown across the area of South Goa, and Salcete in particular, where […]

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Chris Elliott at EGC 2018 Ljubljana

Casino News Today
Chris Elliott at EGC 2018 Ljubljana

Chris Elliott (Wiggin) will speak about advertisement banning in the UK at EGC 2018 Ljubljana. There is one month until the inaugural European Gaming Congress opens its doors in Ljubljana and the organizers are honored to invite you to join them and the leading operators of the industry at this unique event. The conference will take place at Grand Union ...

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Sunday, September 16, 2018

How to find out the correct casino online

Casino News Today
How to find out the correct casino online

Casinos are basically establishments which allow the customers to participate in various gambling games. But it becomes very difficult to choose which online casino is the best or is suitable for you. Well, nowadays when everything is being available online, casinos are also not left behind. You will find many new casino sites breezing in everywhere, offering you different benefits. ...

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First Nation breaks ground on $38 million Dakota Dunes hotel project

World Casino News
First Nation breaks ground on $38 million Dakota Dunes hotel project

Ground was broken on a $38-million Dakota Dunes Hotel project south of Saskatoon Saskatchewan, Canada by the Whitecap Dakota First Nation on Thursday. Indigenous Services Canada reports that the project includes a 155-room hotel, a restaurant, pool and a fitness and business center and is expected to open in 2020. Premier tourist destination: The hotel is […]

Pragmatic Play launches Da Vinci’s Treasure slot game

World Casino News
Pragmatic Play launches Da Vinci’s Treasure slot game

Top online gaming provider Pragmatic Play has announced a new slot game titled Da Vinci’s Treasure, offering players yet another blockbuster title to enjoy at the best online casinos. The 3×5 slot game takes players along as John Hunter, explorer extraordinaire, sets off on a treasure hunting adventure. Follow along with John as he tries […]

Biggest WPT Borgata Poker Open Champs over the Years

Casino News Daily
Biggest WPT Borgata Poker Open Champs over the Years

Another major event on the fall live tournament poker calendar is set to kick off in just a few hours and excitement is certainly building up at the Borgata Hotel Casino & Spa where it will take place. Of course, we are talking about the WPT Borgata Poker Open $3,500 Championship, an event that has been part of the WPT schedule since Season 2 of the popular poker series.

This year’s edition of the tournament is set to take place from today, September 16, through September 21. As mentioned earlier, it is a $3,500 buy-in event. The Championship features a guaranteed prize pool of $3 million, but hopes are that there will be a massive interest in it and it will draw a plethora of players to crush the guarantee.

Last year, the WPT Borgata Poker Open Main Event attracted a behemoth field of 1,132 entrants who smashed the guarantee and generated a prize pool of $3,623,532. Guo Liang Chen was the player to outlast the massive field and collect the tournament trophy and the lion’s share of the prize pool. Chen’s first-place prize amounted to $789,058.

It is yet to be seen how much this year’s champ will scoop for remaining the last person standing from the field of one of the most prestigious events to be taking place annually as part of one of the world’s most popular live poker series.

To celebrate the start of a brand new edition of the WPT Borgata Poker Open Championship, Casino News Daily has looked back over the years to present its readers with the three biggest winners of this thrilling tournament. And here they are:

Roy Winston – $1,575,280

Roy Winston won the Borgata Poker Open Main Event back in 2007, or the Season 6 edition of the tournament. The player was part of a 560-strong field. Each of the tournament’s entries paid a buy-in fee of $10,000, which eventually resulted in the creation of a prize pool of $5,432,000. Winston’s share of the prize pool amounted to $1,575,280. That was the largest ever prize to have ever been won within the Borgata Poker Open.

Winston played a star-studded final table that included the likes of Mike Matusow and Haralabos Voulgaris. The player eventually played heads-up against poker amateur Heung Yoon. The latter collected $832,725 for his runner-up finish.

Mark Newhouse – $1,519,020

Newhouse won the Season 5 edition of the tournament back in 2006. The player outwitted a field of 540 entries to collect $1,519,020. The event was a $10,000 buy-in one and featured an overall prize pool of $5,238,000.

Newhouse started his poker career in a particularly exciting way. The player deposited $50 with partypoker to turn it into more than $100,000 within the span of a single month. He won another $100,000 in the very next month, which convinced him that he should pursue a career in poker. It is also interesting to note that Newhouse is one of the few players to have secured spots at the final table of back-to-back WSOP Main Events. The player finished ninth in the 2013 and 2014 editions of the World Championship.

Al Ardebili – $1,498,650

Ardebili won the prestigious WPT Borgata Poker Open title back in 2005 after successfully surviving a field of 515 tournament entries. The tournament featured a prize pool of $4,995,500, generated from the $10,000 buy-in fee paid by its entries.

Ardebili scooped his title after four days of quality poker action that saw him remain the last surviving participant. The player played heads-up against Ricardo Festejo to have his [Ah][9s] on the final hand dealt within the tournament sent his final opponent to the rail. Festejo collected $799,280 for his efforts.

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Saturday, September 15, 2018

Florida’s Gambling Industry Pours $1.25 Million in September to Fight Amendment 3

Casino News Daily
Florida’s Gambling Industry Pours $1.25 Million in September to Fight Amendment 3

Florida’s gambling industry has stepped up efforts to fight an amendment that will be voted on the November 6 ballot and that, if approved, will give state residents the authority to decide whether there should be any form of casino gambling expansion on the territory of Florida.

According to a newly submitted finance report, representatives of the state’s gambling industry contributed the amount of $1.25 million to the Citizens for the Truth About Amendment 3 Inc. political committee in the period between September 4-7. The committee was established this past July to put efforts into fighting the so-called Amendment 3 that is set to appear on the November 6 ballot.

Generally speaking, the aforementioned measure aims to give Florida voters the right to decide on whether casino gambling should be authorized under Florida law. If approved in November by a 60% majority of voters, the proposed amendment would change the state Constitution, under which it is now up to lawmakers to determine whether more gambling businesses should be allowed to operate anywhere in Florida. If the Amendment 3 measure takes effect, any gambling expansion proposals will have to be approved by 60% of all voters.

According to the latest finance report, Las Vegas gaming and hospitality giant MGM Resorts International and Jacksonville Greyhound Racing Inc. each poured $500,000 into the Citizens for the Truth About Amendment 3 initiative from September 4-7. In addition, the South Florida Racing Association contributed the amount of $250,000. Figures show that the committee has raised more than $3.5 million since its establishment in July.

Disney and Seminole Tribe Biggest Sponsors of Amendment 3

It is important to note that Florida’s gambling industry has two huge opponents in its fight against Amendment 3. Disney and the Seminole Tribe of Florida, which operates seven casinos across the state, have so far poured $26 million of the total amount of $27 million raised for the promotion of the proposed measure.

It also should be pointed out that both Disney and the Seminoles have no interest in any form of expansion of gambling in the state due to competition concerns. The tribe currently holds the monopoly over casino gambling and certainly wants to keep that monopoly for as long as possible. As for Disney, it does not operate any gambling establishments, but it is a huge stakeholder in the state’s entertainment industry. Any form of gambling expansion will certainly concern the entertainment conglomerate, hence its support for Amendment 3.

According to a recently conducted poll, commissioned by Voters in Charge, the organization behind Amendment 3, 71% of Florida’s likely voters would support the proposed measure during the upcoming General Election in November. Analysts believe that the amendment has a big chance to pass because it is pretty straightforward and easy to understand and gives Florida residents back the authority to decide on gambling-related matters.

Following the original legalization of gambling in the state in the early 1990s, it had been up to voters to decide on gambling expansion matters. It has actually been only recently when lawmakers assumed full authority over such matters.

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Police Raids across Srinagar Gambling Dens Rake In Some Rs31,532 So Far in September

CasinoGamesPro.com
Police Raids across Srinagar Gambling Dens Rake In Some Rs31,532 So Far in September

India has been on an ongoing quest towards eliminating illegal gambling in all its forms and raids have become an everyday occurrence. The latest operation against a developing gambling den resulted in the arrest of a total of five individuals participating in illegal gaming activities in the city of Srinagar in the Kashmir Valley. For […]

The post Police Raids across Srinagar Gambling Dens Rake In Some Rs31,532 So Far in September appeared first on CasinoGamesPro.com.

Evolution Gaming Group AB inks Les Ambassadeurs Casino arrangement

World Casino News
Evolution Gaming Group AB inks Les Ambassadeurs Casino arrangement

Live-dealer online casino games provider Evolution Gaming Group AB has announced the signing of a deal that is to see it open a studio inside Les Ambassadeurs Casino while additionally installing Dual Play Roulette and Dual Play Baccarat ‘convergence’ tables on the west London property’s casino floor. Authentic Privee Live Casino: According to an official Friday […]

Wazdan teams up with Relax Gaming for partner event

Casino News Today
Wazdan teams up with Relax Gaming for partner event

Award-winning slots maker Wazdan has teamed up with Relax Gaming for a partner event being held in Malta on September 19th at The Chophouse in Sliema, Malta. The event, organised by Relax Gaming and supported by Wazdan, will see the slots company bring in their giant iPad which many operators will have seen in London, Macao and Amsterdam, to give ...

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Friday, September 14, 2018

John DePersio Wins WSOP Circuit Coconut Creek Opening Event for Second Gold Ring

Casino News Daily
John DePersio Wins WSOP Circuit Coconut Creek Opening Event for Second Gold Ring

John DePersio joined the club of two-time WSOP Circuit gold ring winners in the early hours of Friday after besting the field of the opening event of the WSOP Circuit Coconut Creek stop. The player scooped a first-place prize of $19,649 as he remained the last man standing after a mad final table run.

The opening $400 No-Limit Hold’em tournament at Seminole Casino Coconut Creek drew 243 entries. The tournament was played over a single day and, as mentioned above, action extended late into the night up to a few hours before Friday’s sunrise. The event featured 30-minute levels which provided for a quick pace of the game as blinds were rising quickly.

Registration for the tournament closed before the start of Level 13. The opening event with its 243-strong field generated a prize pool of $80,190. The top 27 players finished in the money. Min-cashes in the first of a 12-event series were worth $648.

DePersio was the chip leader at the time there were just ten players left. The eventual winner held 882,000 at that point, with Michael Ortiz being his nearest rival with 580,000. DePersio quickly showed his remaining opponents that he was there to win. The player played aggressively throughout the final table and kept his momentum almost throughout that final stage of action.

Final Table Highlights

DePersio really dominated action over the course of the final table and it was early into play that he emerged as the favorite for the title. At one point during seven-handed play, the eventual champ held more than a half of all chips in play. However, his run at the final table had a couple of bumps to make things more exciting. Early into action, DePersio doubled one of his opponents to more than 500,000 and had to grind his way back. As it can be seen, he not only managed to recover, but to scoop the title and the lion’s share of the prize pool.

DePersio eventually played heads-up against Rodney Moret-Rojas. Both players were looking to win their second title from the series. But the Coconut Creek opening event title was meant for DePersio. Moret-Rojas eventually hit the rail in second place, good for a consolation prize of $12,139.

DePersio won his first title from the series back in 2015, when he topped the field of a $1,125 No-Limit Hold’em at Palm Beach Kennel Club for $30,000. The player has one more cash from the WSOP Circuit.

Speaking to WSOP Circuit staff after his triumph, DePersio said that he does not travel much around the country to play poker and mostly plays at casinos in his homestate. He is an entrepreneur and his business does not allow him much time to roam the States in pursuit of great poker accomplishments. Of what he plans to do next, the player said that he would play all the remaining events of the Coconut Creek stop. His goal is to play the Global Casino Championship so he would look to accumulate points over the course of the ongoing series and grab the Casino Champion crown at Coconut Creek.

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Your Guide To NJ Sports Betting As Football Season Kicks Into Gear

Your Guide To NJ Sports Betting As Football Season Kicks Into Gear
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For now, there are 8 retail sportsbooks and 5 online sports betting apps in New Jersey. But NJ sports betting is just getting started.

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First Month Of Mobile Sports Betting Signals Bright Future For New Jersey

First Month Of Mobile Sports Betting Signals Bright Future For New Jersey
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For NJ sports betting, the introduction of online sportsbooks was a game-changer in August. The result is the potential for high revenue in the future.

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Plan filed by Penn National for nearly $120 million Hollywood Casino York

World Casino News
Plan filed by Penn National for nearly $120 million Hollywood Casino York

After in July withdrawing a federal lawsuit filed against the Pennsylvania Gaming Control Board (PGCB) and Governor, Tom Wolf, Penn National Gaming, Inc. (PENN: Nasdaq), has filed an application for its first Category 4 satellite casino with the governmental agency of the Commonwealth. According to the official press release… The Wednesday announcement by the Wyomissing-based […]

Thursday, September 13, 2018

Endorphina’s Kamchatka slot released

Casino News Today
Endorphina’s Kamchatka slot released

Endorphina’s newest game, Kamchatka slot is situated inside the wild terrain of Kamchatka, planning to be re-leased right after summer of 2018! With magnificent geysers, high-rise mountains and solid wins waiting for you to discover them, you should expect nothing less than pure adventure while playing Kamchatka slot. The theme of Kamchatka slot is strongly inspired by its local nature ...

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Skyscraping Spikes Lead To Near-Record August In NJ Online Casino Revenue

Skyscraping Spikes Lead To Near-Record August In NJ Online Casino Revenue
skyscrapers

NJ online casino revenues hit $24.8 million in August, an increase of 16% compared to 2017 with online poker still struggling.

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Helio Gaming bringing its lottery games to Nigeria

World Casino News
Helio Gaming bringing its lottery games to Nigeria

A little over three weeks after inking a supply deal with online gaming platform provider, Game Interaction Group Limited, and lottery innovator, Helio Gaming, has now signed a similar agreement for Nigeria with Hammer Lottery. Contract for bespoke titles: According to an official press release published by boutique gaming event organizer European Gaming Media and Events, […]

Rozvadov’s Dutch Classics Opening Event Nearly Doubles Guaranteed Prize Pool to €10,887

CasinoGamesPro.com
Rozvadov’s Dutch Classics Opening Event Nearly Doubles Guaranteed Prize Pool to €10,887

Poker events are what makes a player’s life more riveting and brings the spark of excitement to it. Large interest was demonstrated towards the grand start of the Dutch Classics poker festival at King’s Casino in Rozvadov, the Czech Republic, which granted Jan Henderikus Halsema the first place and €2,319 following a two-way deal between […]

The post Rozvadov’s Dutch Classics Opening Event Nearly Doubles Guaranteed Prize Pool to €10,887 appeared first on CasinoGamesPro.com.

Wednesday, September 12, 2018

Mr Green and Company AB subsidiary fined in the Netherlands

World Casino News
Mr Green and Company AB subsidiary fined in the Netherlands

Less than a month after applying for an iGaming license for its home nation of Sweden and online casino operator Mr Green and Company AB has announced that one of its subsidiaries has been fined by the gaming authority in the Netherlands. Penalized for ‘IP blocking’ breach: According to an official Wednesday press release, the […]

Join, Deposit, Bet: How To Get Started At FanDuel Sportsbook In New Jersey

Join, Deposit, Bet: How To Get Started At FanDuel Sportsbook In New Jersey
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Ready to place your bets at one of the NJ sports betting market's newest online sportsbook? Here's a guide to getting started at FanDuel Sportsbook.

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Federal government approves Arizona tribe’s land-into-trust application

World Casino News
Federal government approves Arizona tribe’s land-into-trust application

In Arizona, the federally-recognized Tohono O’odham Nation has reportedly received official approval to take 81 acres of land next door to its coming Desert Diamond West Valley Casino into trust. Expanded reservation: According to a Tuesday report from Indianz.com citing an official notice published in the Federal Register, the decision means that the tribe will […]

Betsoft Gaming deals with Mostbet

Casino News Today
Betsoft Gaming deals with Mostbet

In order to pursue further expansion in Europe, Betsoft Gaming deals with Mostbet after signing a comprehensive content agreement with rapidly-growing operator. As Betsoft Gaming deals with Mostbet, Mostbet will directly integrate all Betsoft slot games – including key titles in the Slots3TM Series – to its portfolio, making Betsoft’s blend of established favourites and exciting innovations available to players ...

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Tuesday, September 11, 2018

Russia’s State Duma Brings Online Betting Regulation Changes amid Gambling Crackdown

CasinoGamesPro.com
Russia’s State Duma Brings Online Betting Regulation Changes amid Gambling Crackdown

Russia is well on its way to introduce significant changes to its gaming industry and its online sector in particular with the help of brand new regulation which was approved today. The State Duma gave its nod to a crucial amendment to the existing gambling law regulating the field which would see a simplification of […]

The post Russia’s State Duma Brings Online Betting Regulation Changes amid Gambling Crackdown appeared first on CasinoGamesPro.com.

IWG agrees deal with Blueprint Gaming

World Casino News
IWG agrees deal with Blueprint Gaming

Supplier of online, instant win games to lotteries, Instant Win Games (IWG), has agreed a partnership with leading UK based game studio, Blueprint Gaming, to convert its top-performing slots titles into instant win games. According to the official press release… Player favorite titles from the developer that is part of Germany’s Gauselmann Group, including Wish […]

Sebastian Meitz and Michiel van der Burgh at CEEGC2018

Casino News Today
Sebastian Meitz and Michiel van der Burgh at CEEGC2018

Use of AI gambling and payments with Sebastian Meitz (Gaming 5.0) and Michiel van der Burgh (Acapture) at CEEGC2018. Artificial intelligence (AI) is changing the online gambling industry, mainly in the way it collects, analyses and handles user data. This will represent a milestone in the historic growth of gambling. It’s something that’s illustrated by the fact that the worth ...

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Kentucky lawmakers likely to pass sportsbetting legislation in 2019

World Casino News
Kentucky lawmakers likely to pass sportsbetting legislation in 2019

The majority leader of the Kentucky State Senate has reportedly declared that he believes legislators are likely to approve a measure early next year that will allow some land-based venues in the southern state to offer sportsbetting. According to a Saturday report from The Blood-Horse horse racing magazine, the revelation came from Damon Thayer (pictured) […]

Monday, September 10, 2018

Universal Entertainment to Backdoor List Philippine Casino Subsidiary

Casino News Daily
Universal Entertainment to Backdoor List Philippine Casino Subsidiary

Japanese gaming giant Universal Entertainment Corp. is taking its Philippines-based casino company Tiger Resort Asia Ltd. public through the acquisition of a majority stake in a company listed on the Philippine Stock Exchange.

Manila-based holding company Asiabest Group International announced earlier today that it has inked an agreement with Tiger Resort under which the casino operator would acquire two-thirds in Asiabest for the amount of PHP46.5 million (approximately $12 million). Tiger Resorts owns and operates Okada Manila, a $2.4 billion integrated resort located in the heart of the Philippine capital.

The move will allow the casino operator to join the Philippine Stock Exchange through the so-called backdoor listing practice. A block sale is set to take effect on November 12. Tiger Resort would not be the first casino company with business in the Philippines to be taken public through backdoor listing. Bloomberry, the owner of Solaire Resort & Casino, joined the local bourse through backdoor listing back in 2012.

Melco Resorts & Entertainment also had its Manila-based operations listed on the Philippine Stock Exchange through a listing vehicle. Melco operates the City of Dreams Manila integrated resort. The company actually announced yesterday that it plans to delist from the Philippine Stock Exchange as it has failed to raised enough funds for expansion of its local operation.

News about Tiger Resort’s potentially joining the local stock exchange first emerged last October when it was reported that the company was entering the final stages of negotiations over the purchase of local company Bright Kindle Resources and Investments Inc. However, a deal did not take place.

Founder Sues Tiger

In separate round of news from yesterday, it became known that Tiger’s founder and former CEO and Chairman, Japanese businessman Kazuo Okada, is suing the company and is seeking to be reinstated as shareholder, director Chairman, and Chief Executive of the company.

Mr. Okada landed in hot water last year. The Japanese magnate was removed from his post as a director at Okada Holdings, parent company of Universal Entertainment, in May 2017 over allegations that he had misappropriated funds from the company for personal benefit. Mr. Okada was later on ousted from the board of Tiger Resort over the same allegations.

A lawyer for the casino tycoon confirmed Monday that he had filed a lawsuit in Parañaque City Regional Trial Court, seeking to reassume his posts at the gaming and hospitality company. Mr. Okada has also reportedly reached out to his son, Tomohiro, asking him to resolve the ongoing family feud that was triggered by Mr. Okada’s ouster from his businesses and to serve the interests of the family not of the “unscrupulous” people behind the coup against the Japanese businessman.

According to reports from last month, Mr. Okada was arrested in Hong Kong on fraud charges. The reports were eventually dismissed as untrue by the businessman’s lawyer.

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AGA Says Legal Sports Betting Could Boost NFL Revenue By $2.3 Billion

AGA Says Legal Sports Betting Could Boost NFL Revenue By $2.3 Billion
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A new study from Nielsen Sports and the American Gaming Association shows that the groups believe legal sports betting will be a boon for the NFL.

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Melco to Delist from Philippine Stock Exchange due to Failure to Raise Funds for Casino Expansion

Casino News Daily
Melco to Delist from Philippine Stock Exchange due to Failure to Raise Funds for Casino Expansion

Melco (Philippines) Investments Limited, operator of City of Dreams Manila, today revealed plans to delist from the Philippine Stock Exchange, citing the inability to raise funds for planned expansion of the Manila-based integrated resort as the main reason for its decision.

The company is a wholly-owned subsidiary of Hong Kong-based gaming and hospitality giant Melco Resorts & Entertainment, which is in turn owned by international conglomerate Melco International Development. In a filing to the Hong Kong Stock Exchange from today, Melco said that its delisting from the Philippines would involve a voluntary tender offer for more than 1.5 billion outstanding common shares of Melco Resort & Entertainment (Philippines) Corp.

The company further explained that it had originally decided to list on the Philippine Stock Exchange to raise funds for expansion of its Philippine operation and other business plans. However, it failed to raise the expected funds which spurred the decision to delist.

Today’s filing further read that the move would allow Melco and its subsidiary Melco (Philippines) Investments to “better support” the City of Dreams Manila property in its future business plans.

The planned voluntary tender offer accounts for around 27.23% of the issued outstanding common shares of Melco Resorts Philippines. The shares will be offered at a prize of PHP7.25 per share. The company’s Board of Directors has given the green light to the delisting, it was also announced in today’s filing to the Hong Kong Stock Exchange.

A petition for a voluntary delisting is expected to be submitted on or about September 17.

Potential for Growth in the Philippines

As mentioned above, Melco, through its local subsidiaries, operates the City of Dreams Manila integrated resort in the Philippines. The property opened doors late in 2014. In its half-year report, Melco said that the Philippine market “has continued to deliver healthy and stable growth along with robust financial performance”.

The company went on to say that it expected the growth trend to continue due to the “fast-growing trajectory of Southeast Asian tourism” and the “continued upgrades in the Philippine transportation infrastructure”, among other things. Melco anticipates these to boost overnight visits from ASEAN countries to its Manila casino resort.

Aside from its domestic market – Macau – and the Philippines, Melco also plans to expand across new markets. In Asia, it is eyeing one of the three gaming licenses the Japanese government is planning to issue as part of its casino gambling legalization effort.

Melco is also venturing into Europe. In an industry-first, the gaming and hospitality giant is building a €550-million integrated resort in the Republic of Cyprus, the first property of this kind and scale not just on the tiny Mediterranean island, but also in Europe as a whole. The property is currently under development in the city of Limassol and is slated to open doors in 2021. Melco launched a temporary casino earlier this summer to serve customers, while the main resort is being built.

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