Sunday, November 25, 2018

Casino News Daily
Mazen Abdallah Leads 333 Players into WPT Seminole Rock ‘N’ Roll Poker Open Day 2

Mazen Abdallah snatched the chip lead late into Day 1B to lead 333 hopefuls into WPT Seminole Rock ‘N’ Roll Poker Open’s next stage

Poker action is heating up at Seminole Hard Rock Hotel & Casino Hollywood where the latest edition of the WPT Seminole Rock ‘N’ Roll Poker Open is currently taking place. The two starting flights of the $3,500 event are now complete and figures show that 333 survived through Days 1A and 1B to advance into the second day of action at the host casino.

This year’s WPT Seminole Rock ‘N’ Roll Poker Open drew a record-breaking field of 898 entries, of whom 417 registered through Day 1A and the other 481 came into the event through Day 1B.

Mazen Abdallah, a player from Houston, Texas, will lead the remaining survivors into today’s Day 2. The player accumulated a stack of 469,500 on Day 1B to come atop the temporary leaderboard. Abdallah was also the only player to pass the 400,000 mark. He secured his chip lead late into the day. The player eliminated two fellow contenders on two consecutive hands to multiply his stack and emerge as the chip leader.

If Abdallah makes it to the paid positions, he will secure his largest ever cash from a live tournament. Speaking of money, the event’s field smashed the $2 million guarantee to generate a prize pool of $2,873,600. The money will be split into payouts for the top 113 finishers, min-cashes sitting at $5,845. The bubble is on pace to burst at some point today.

The six final tablists will each secure a min-cash of $103,310. And awaiting the champion is a top prize of $504,820 as well as a seat into the season-ending WPT Tournament of Champions.

Notables Still in the Race for the Title

No other player passed the 400,000 mark on Day 1B and no other player even passed the 300,000 mark. However, there were a number of notables who made it through the day, including Caufman Talley, Vinny Pahuja, Jeff Trudeau, and Nick Yunis. All four bagged more than 250,000 worth in chips at the end of the second starting flights.

They will be joined by the likes of Day 1A chip leader Ajay Gnanasambanthan, and former WPT champions Anthony Zinno, Phil Laak, Jonathan Jaffe, and Sam Panzica, who all locked a seat into Day 2 through the tournament’s first starting flight.

Day 2 of the tournament is scheduled to take place today starting at noon local time. The remaining players will play ten 60-minute levels, during which the money bubble is expected to burst. The Action Clock will be introduced one table from the bubble to add extra thrill to those battling for the WPT Seminole Rock ‘N’ Roll Poker Open title at the host casino.

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Casino News Daily
Teddy Sagi Offloads Entire Stake in Playtech

The Israeli billionaire has sold his entire stake in the gambling company as US activist investor has been urging Playtech to sever ties with its founder

Israeli businessman Teddy Sagi has sold out of his holding in online gaming provider Playtech, a company he founded himself nearly two decades ago.

Through a placement by Brickington Trading, Mr. Sagi has sold around 15.2 million ordinary shares, equivalent to 4.8% of the company. Brickington Trading is a wholly owned subsidiary of Globe Invest, a trust of which the Israeli billionaire is the sole beneficiary. With the latest sale of Playtech stock, Mr. Sagi has offloaded his entire holding in the online gambling company and has put an end to his involvement in it. He was quoted saying that he wishes Playtech “every success in the future”

Earlier this month, the businessman sold nearly 5 million shares, equivalent to 1.6% of the London-listed company’s issued capital.

Mr. Sagi founded Playtech in 1999. The company specializes in the provision of solutions for the online gambling industry. Playtech floated on the London Stock Exchange in 2006. Since its flotation, it has grown tremendously through acquisitions. The company currently employs more than 5,000 people and has offices in 17 countries. With estimated market cap of around £1.4 billion, Playtech is member of the FTSE 250.

The company has had a bit of a hard time lately as its shares have halved in price over the past year on the back of two profit warnings.

At a price of 450 pence per share, Mr. Sagi has collected the approximate amount of £68 million from the sale of his final 4.8% stake in the company. Prior to Playtech’s flotation, the businessman owned more than a half of the company. However, he has sold down his controlling stake in the company bit by bit over the past several years, saying that he wants to diversify his business portfolio and pursue new endeavors, primarily in the real estate and technology sectors.

Mr. Sagi has recycled the proceeds from the sale of Playtech shares to buy London’s Camden Market and Dutch developer of shared office spaces for startups and entrepreneurs Brack Capital, among others.

Investor Pressure

News about Mr. Sagi cutting ties with Playtech emerge shortly after The Times reported that American activist investor Jason Ader of SpringOwl Asset Management has penned a letter to the directors of the gambling technology giant to express his concerns about the Israeli businessman’s involvement.

According to Mr. Ader, Mr. Sagi’s colorful past, has had a negative impact on Playtech’s value and the company’s ambitions to expand to the United States. The activist investor has referred to the fact that Mr. Sagi was sentenced to prison in his homeland back in his early twenties on insider trading charges.

It emerged earlier this year that Mr. Ader has quietly built a 5% stake in Playtech. The investor is known for playing a key role in GVC Holdings’ acquisition of fellow online gambling operator bwin.party in 2016.

It is believed that Mr. Ader is now pressing for Playtech to dispose of its financial businesses and focus on its gaming operations. In previous comments on his involvement in the gaming tech company, the US investor has said that Mr. Sagi still being part of the company was “a negative” for it and that he did not have “a sense that the future of the company includes Teddy Sagi.”

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Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...

Saturday, November 24, 2018

Casino News Daily
Sports Betting Arrives in Rhode Island in Historic Year for US Gambling Industry

Rhode Island becomes eighth state to offer legal sports wagering in an eventful week for the US betting industry

Sports betting is coming to Rhode Island starting Monday, November 26, at Twin River Casino in Lincoln. The state will thus become the nation’s eighth one to be offering legal sports gambling and New England’s first one in a landmark year for the US gambling industry.

The Rhode Island General Assembly enacted a sports betting law back in June, and legal wagering services were expected to commence by October. However, delays of different nature pushed back the start of sports betting to the end of November.

The announcement about the official start of sports betting in Rhode Island arrived as the latest big news in an eventful week for US sports betting. Pennsylvania’s first wagering facility opened doors a few days ago. A new sportsbook was launched in West Virginia, as well. The state’s first legal betting operations commenced in late August.

Twin River Casino officials have previously said that the property will begin offering sports betting to its customers around Thanksgiving. As it can be seen they have almost lived up to that promise.

Sports betting operations will commence at the casino at 3 pm local time on Monday, when House Speaker Nicholas Mattiello, Senate President Dominick Ruggerio, and Twin River Worldwide Holdings Chairman John Taylor Jr. will place a ceremonial first bet.

Wagering services will initially be provided at a temporary facility on the third floor of the casino complex. Officials have called that temporary facility Phase 1. Customers will be serviced there while the main sportsbook is under development.

At first, gambling customers will be able to place wagers on US-based games. International competitions such as English Premier League and other European leagues are expected to be added later. Patti Doyle, a spokeswoman for Twin River Casino, has also said that “more exotic” bets will also be available in the betting lounge at a later date.

Under Rhode Island’s newly adopted sports betting law, gamblers will only be able to wager at physical sportsbooks. Online and mobile betting were not included in the state’s sports gambling framework.

Estimated Economic Impact

According to estimates, the state will collect $11.5 million in tax revenue from sports betting through the end of the fiscal year on June 30. The above-mentioned amount is significantly less than the original projection for tax revenue of $23.5 million that was based on the previously announced October 1 launch of Twin River Casino’s sports betting operation. The state expects to get $27.3 million in tax revenue next fiscal year.

Under Rhode Island gambling laws, legal sports betting operations are taxed at 51% on betting revenue.

According to projections, Rhode Island’s two Twin River casinos will annually handle $814 million in wagers. Twin River Casino in Tiverton is expected to launch its sportsbook sometime in December. The Tiverton casino complex opened doors to the public on September 1. Aside from an 85,000-square-foot gaming floor, it also features an 84-room, three-story hotel, and multiple entertainment options.

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Las Vegas Sun Stories: Gaming
Nevada regulators approve deal with sportsbook operator
Nevada gambling regulators have approved a settlement with a troubled sportsbook operator that has admitted to taking unlawful bets and making inaccurate payouts. The Nevada ...
Casino News Daily
Next Week’s Best Poker Events (November 26-December 2)

A new week is almost upon us to bring tons of new opportunities for poker players to challenge their skill and luck at exciting poker destinations. Some of the best casinos in Sydney, Manila, and Las Vegas will play host to several major festivals over the week and those will feature massive guaranteed prize pools, prestigious trophies, and huge amounts of fun and thrill for everyone who enters them.

Here is a bit more information about where next week’s best tournament poker action will be offered and how interested players can join poker festivities for a chance at big prizes and non-monetary additions to their collection of poker accomplishments.

WSOP International Circuit – Sydney

Sydney’s The Star Casino will play host to the next WSOP International Circuit stop. The popular series will bring a handful of gold rings Down Under and those will be awarded during a festival that will take place from November 27 through December 17.

The schedule of the next International Circuit stop will include 15 tournaments, with those featuring different formats and different buy-ins. And some of the events will offer attractive guaranteed prize pools to lure players into their fields.

The thrilling Sydney festival will kick off with a A$500 Opening Event with four starting flights and two more days of play and a guaranteed prize pool of A$600,000.

While it should be said that all events offer attractive opportunities for players, Event #7: Main Event will certainly be the one to draw the biggest amount of attention. The tournament will feature four starting flights and three more days of play starting December 7 and running all the way to December 17. Interested players will have to pay a A$2,200 buy-in fee for a chance at the lion’s share of the A$2.1 million guaranteed prize pool and the title. The Main Event winner will also secure a seat into the 2019 Global Casino Championship.

The A$550 Mixed No-Limit Hold’em/Pot-Limit Omaha (starting December 10), the A$20,000 High Roller (starting December 12), and the A$5,000 Challenge with a guaranteed prize pool of A$1 million (starting December 5) are few of the other events that will take place within the upcoming WSOP International Circuit Sydney stop.

APT Finale Philippines

The next APT festival, this year’s final one, is set to take place November 27-December 6 at the glitzy Resorts World Manila casino resort in the capital of the Philippines. The festival will feature 16 different tournaments, special events, satellites, and tons of quality poker action and excitement.

A PHP10,000 Opening Event with a guaranteed prize pool of PHP1 million will kick off poker festivities at the host casino. The PHP50,000 Main Event is slated to start on the second day of the festival and to run through December 2 when the final table will take place. The tournament features a guaranteed prize pool of PHP10 million.

December 3 will see the start of the Championships Event. The PHP150,000 buy-in with a guaranteed prize pool of PHP10 million will run through December 6 to determine the champion of the 2018 season of the popular Asian poker series.

Wynn Signature Series

Wynn Las Vegas is gearing up preparations to welcome players for its Wynn Signature Series. The event will take place from November 28 through December 10 and will feature 11 tournaments. The festival will award more than $700,000 over its course with guaranteed prize pools of between $20,000 and $250,000.

A $600 buy-in No-Limit Hold’em event starting November 24 will be the highlight tournament. With three starting flights, played over three separate days, and an additional day of play, it will be the longest tournament of the series. It will feature a guaranteed prize pool of $250,000.

A three-day $600 No-Limit Hold’em with a guaranteed prize pool of $150,000 will too be part of the poker festivities taking place at the the Strip casino resort. A $5,000 SURVIVOR event with a guaranteed prize pool of $50,000 and a $400 Pot-Limit Omaha are too among the events included in the schedule of the festival.

WPT Five Diamond World Poker Classic

It is that time of the year when the Bellagio in Las Vegas opens its doors to welcome the WPT for one of the most exciting festivals on its annual schedule. The WPT Five Diamond World Poker Classic is set to begin on November 29 and to wrap up on December 15.

The festival will feature 19 tournaments and will kick off with a $1,100 No-Limit Hold’em Series event. It will also feature three $10,000 buy-in Pot-Limit Omaha events, three $25,000 No-Limit Hold’em High Rollers, and the very special $100,000 No-Limit Hold’em high roller tournament.

And of course, the five-day $10,400 Main Event will bring action at the Bellagio to a close. The tournament will run from December 11 through December 15. Ryan Tosoc won last year’s edition of the Main Event for a prize of nearly $2 million. It is interesting to note that the player finished 2nd in the 2016 edition of the tournament.

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Friday, November 23, 2018

Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...
Casino News Today
Traffic Label Launches Affiliate Programme with Income Access for SlotsAffiliates.com

Traffic Label, a UK-based firm specialising in the development of comprehensive marketing strategies, has announced the launch of an affiliate programme for its SlotsAffiliates.com network with Income Access, Paysafe’s marketing technology and services provider. Through its integration with Income Access’ affiliate software platform, SlotsAffiliates.com will look to optimise growth and acquisitions across its six network brands. SlotsAffiliates.com was launched in ...

The post Traffic Label Launches Affiliate Programme with Income Access for SlotsAffiliates.com appeared first on Casino News Today.

Las Vegas Sun Stories: Gaming
Nevada regulators approve deal with sportsbook operator
Nevada gambling regulators have approved a settlement with a troubled sportsbook operator that has admitted to taking unlawful bets and making inaccurate payouts. The Nevada ...
Casino News Daily
Italy and Belgium’s New Gambling Ad Restrictions – What Is Allowed and What Is Not?

Advertising is one of those tools that has the power to define the success or to cause the complete failure of a product or service. And gambling advertising is one of those categories that are prone to quickly attract a stream of negativity if their statements are too bold or if they approach their targeted public with overly aggressive messages.

Europe has been seeking a controlled growth of its gambling industry through the introduction of regulations that concern all aspects of the provision and promotion of gaming and betting services both across land-based facilities and on the Internet. However, given the nature of the product advertised, gambling ads have often found themselves into bitter controversies namely because of overly bold or aggressive messages.

The implementation of restrictive measures regarding the way gambling products and services are advertised within regulated markets has been discussed in a number of European countries. However, two of them have moved this year to implement blanket bans on gambling adverts, a move that has seen a massive backlash from the industry and multiple warnings that a too restrictive regulatory regime creates favorable conditions for the black market to lure customers more easily and thus thrive.

Which are the two countries that are banning gambling ads (almost) completely and how has the industry responded to that? Here is a quick overview of the latest important developments in our industry.

Italy Implements Blanket Ban on Gambling Ads

Italy’s general election this year caused quite a stir in the country and incited big trouble for its gambling industry. After months of unsuccessful attempts, Italian politicians eventually formed a new government in May and it was not long before gambling and gambling advertising in particular appeared on their radar screen.

Prior to the election, the leader of the populist Five Star Movement Luigi di Maio said that should his party enter the Parliament, he would certainly move to implement restrictions on the way gambling services were provided and promoted in his country. Mr. Di Maio assumed the role of a Deputy Prime Minister on June 1, 2018, which gave him the power to proceed with his plans.

The politician quickly introduced his Dignity Decree, a comprehensive legal document that among other things contained provisions for the total and absolute ban of gambling advertising across all channels and through all different means. The Dignity Decree’s wording was quite clear and explicitly prohibited gambling ads on television, radio, across print media, on the Internet (including affiliate marketing), and so on.

The piece of legislation also called for the prohibition of football sponsorship and promotional deals with gambling companies. According to information from the European Gaming and Betting Association, gambling operators annually contribute around €120 million to Italian football in the form of sponsorships. In addition, more than half of all Serie A clubs are currently sponsored namely by gaming and betting companies. Football officials have voiced concerns that the ban would cause great disturbance an “competitive disadvantages to Italian clubs, diverting advertising budgets for our teams abroad.”

Under the Dignity Decree, clubs with existing contracts with gambling companies will be able to fulfill the terms of their contracts.

The Dignity Decree gained the necessary support in the Italian Parliament and was approved quickly by the Deputy Prime Minister’s colleagues. The blanket ban on gambling advertising will now take effect on January 1, 2019.

Reaction

Deputy Prime Minister Di Luigi’s ban on gambling adverts faced quick and serious backlash from the industry. Here it is important to note that the Dignity Decree, including its gambling ads measures, aimed to create social stability and prevent vulnerable people from falling victims to gambling and its dangerous effects.

However, the industry has argued that gambling companies’ ability to advertise their products was part of their license to operate in Italy’s regulated gambling market and that the looming ban was thus violating the rights of licensees. In addition, licensed gambling operators have pointed out that the black market would be the only true winner after the blanket ban is implemented, as it would be more difficult for Italian gamblers to distinguish between licensed and unlicensed operations and they could easily fall prey to murky businesses.

While the gambling ads ban saw a massive backlash and negativity from the industry, including from Italy’s main gambling industry trade body LOGiCO, it should be noted that LeoVegas was the operator that fought most actively against Deputy Premier Di Maio’s measure. The company branded the decision to ban all forms of advertising “completely wrong” and tried to engage in discussion with the Italian government and potentially convince lawmakers that they should be working closely with the industry so that a solution that is favorable to both gambling companies and their customers was found.

It seems, however, that all the efforts have not seen much success and the government is still on track to roll out the blanket ban on gambling ads early next year.

Belgium Follows Suit (Almost)

News emerged last month that Belgium would too implement highly restrictive new rules on gambling advertising. While the new regime is not as stringent as that of Italy, it should be said that gambling companies will certainly find it difficult to advertise their products and services without breaking one new rule or another.

Under the new set of regulations, online casino products will be completely banned from being advertised on Belgian television. Sports betting ads will only air after 8 pm. No sports betting adverts will be allowed during live sports broadcasts. In addition, the new rules prohibit celebrities and athletes from being endorsed by gambling companies.

The new gambling advertising rules also concern digital marketing. Online casino companies would not be allowed to advertise their products on third-party affiliate sites. They will only be able to do that on their own websites and they will have to be particularly careful with the wording of their ads and promotions as they will be promoting “games of chance” from now on.

The new gambling advertising restrictions were spearheaded by Belgian Justice Minister Koen Geens of the Christian Democratic and Flemish Party (Christen-Democratisch en Vlaams). Minister Koen tabled his proposal for a review of the country’s gambling ad codes last fall. As mentioned earlier, it was last month when the publication of a new Royal Decree officialized the restrictions.

In Conclusion

While it might be a favorite form of entertainment for a lot of people, gambling can easily become a risky and addictive activity. And the protection of gamblers from the dangers of a potentially addictive activity is a matter of both personal responsibility and of governmental oversight. However, overregulation of the gambling industry can be just as dangerous as the lack of any regulations whatsoever. Lawmakers should be able to implement the right amount of control over the provision and promotion of gambling products. And most importantly they should be working closely with the industry in order to have a clear vision of what this industry really is, how it works, whether it needs more restrictions, and when enough restrictions are in place.

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Thursday, November 22, 2018

Casino News Daily
Cosmin Joldis Joins WSOP Circuit Winners Club with Victory at Planet Hollywood

Joldis, a good friend of 12-time gold ring winner Valentin Vornicu, took down the $600 Double Stack No-Limit Hold’em for his first piece of WSOP Circuit gold

Cosmin Joldis from Romania has become the latest player to capture a gold ring from the ongoing WSOP Circuit Planet Hollywood series. The player was crowned the victor of Event #5: $600 Double Stack No-Limit Hold’em to claim his first piece of Circuit jewelry and a first-place prize of $19,758.

The event drew an international field of 137 entries who created a prize pool of $70,555. Players battled it out for two days until there was just one last contender left. Day 1 of the event ended with 27 hopefuls still in contention for the gold piece. They had two important tasks ahead for Day 2 – to burst the money bubble and then to determine the champion.

There were payouts for the top 15 finishers, min-cashes were worth $1,191. Action unfolded quite quickly on Day 2 of the tournament and it was not long before the money bubble burst. Players then kept leaving the poker tables at the host venue until there were just four of them left at the time when action stopped for dinner break.

Joldis was the chip leader at the time with 2.3 million and a good advantage over his three remaining opponents. Daniel Perkins had the second largest stack at that point, but he only had 1.2 million worth in chips.

Joldis Eyes Global Casino Championship Seat

The final stage of the tournament was quite a race. It took relatively quickly for the final four to be whittled down to just Joldis. Martin Logue was the Romanian’s final challenge before claiming the title. Logue was eyeing his first gold ring from the series, but eventually finished second to scoop his first WSOP Circuit cash of $12,210.

As for the winner, he came into the Double Stack event fresh off a fourth-place finish in a $400 buy-in event at Planet Hollywood. The player now has 77.5 points from the stop and holds a firm lead in the Casino Championship race. The player who becomes the Planet Hollywood Casino Champion, that is the one who accumulates the most points throughout the stop, will secure a seat into the season-ending $1 million guaranteed Global Casino Championship.

Joldis told WSOP staff that he will be playing the Main Event over the weekend in a bid to cement his top spot.

The Romanian player is a good friend of WSOP Circuit star and record-breaking gold ring winner Valentin Vornicu, who himself hails from Romania. Aside from his participation in WSOP Circuit events, Joldis has also had quite the run in the WSOP. The player cashed for over $225,000 during last year’s edition of the summer poker series. Most notably, he finished 50th in the 2017 WSOP Main Event, collecting $145,733 for his deep run.

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Casino News Today
SiGMA 2018 launches in 1 week

As a well-established staple on the iGaming calendar, it is unsurprising that the interest from the iGaming industry has been intense. In 1 week time the super-show plans to welcome 12,500 guests, including 400 sponsors and exhibitors and 200 speakers through its doors. To keep pace with demand, the sold-out MFCC floor space has been expanded and an extra day ...

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Wednesday, November 21, 2018

Casino News Daily
Evolution Announces $12-Million Tie-Up with Fellow Live Casino Provider Ezugi

Evolution buys Ezugi to cement its position in existing markets and enter new ones; deal to be closed in early 2019

Live casino provider Evolution Gaming announced yesterday that it has entered into an agreement to buy its fellow live dealer gaming company Ezugi in a deal that is anticipated to extend Evolution’s geographical footprint and to accelerate growth through key gaming markets.

Evolution will pay $12 million in cash for the live dealer gaming provider. Aside from the initial consideration, the company might pay an additional amount of $6 million. The deal is expected to be finalized early next year and is subject to certain customary closing conditions.

Founded in 2012, Ezugi provides desktop and mobile live dealer solutions to online gambling businesses, brick-and-mortar casinos, and betting shops. Its main markets include the states of New Jersey and Oklahoma, Europe, Latin America, and South Africa.

As mentioned earlier, the acquisition of its rival will extend Evolution’s footprint across both new markets, such as South Africa, as well as across markets the company is already present in. The addition of Ezugi is expected to add 2-4% to Evolution’s revenue for 2019 and be “slightly accretive” to earnings per share in 2019, the company said in a statement yesterday.

The deal comes as the latest manifestation of what has now become a consistent and growing trend of consolidation in the global gambling market. Constantly intensifying competition in the space, regulatory pressure, and growing competition have unleashed an unprecedented wave of merger and acquisition deals over the past several years. In the case of Evolution and Ezugi, the growing demand for live dealer casino products could too have been an important factor to have encouraged their tie-up.

Licensed in the US

Evolution and Ezugi are currently the only two live dealer gaming suppliers licensed to provide their products in Atlantic City. Evolution went live in one of the largest US casino markets only a few months ago, but Ezugi has been around for several years now.

The experience its new acquisition has accumulated over its years of working with Atlantic City’s casino operators will certainly help Evolution cement itself in this important market.

The announcement about Evolution buying Ezugi arrives as the second important piece of news for the company in as many weeks. It became known earlier this month that the Swedish live casino specialist has joined forces with Belgian casino group Ardent to work together on a nightly live casino TV broadcast.

Under their partnership, Evolution will establish a dedicated studio for Ardent to run a late night television program targeting Belgian players who will be able to gamble remotely using their mobile devices. Gamblers will be able to play Evolution’s Live Speed Baccarat and Slingshot Auto Roulette games.

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Casino News Today
Wazdan shortlisted for Malta Gaming Awards

Innovative slots-maker Wazdan has been shortlisted for the Malta Gaming Awards in the Games Vendor category. Wazdan have gathered a lot of interest around them this year due to numerous nominations, shortlistings and awards. The company took the prestigious ‘Online Casino Innovator Award 2018’ at the Central and Eastern Europe Gaming Conference (CEEGC) held in Budapest as well as the ...

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Casino News Daily
Virginia Legislature to Open Sports Betting Legalization Debate Next Year

Two Virginia lawmakers to introduce sports betting bills during next year’s legislative session

Virginia has made first solid indications that it is ready to get on the sports betting bandwagon as the practice is cementing itself as the hottest US gambling industry topic. Local news outlet the Virginia Mercury reported on Tuesday that two state lawmakers have announced plans to introduce sports betting bills during the Virginia Legislature’s 2019 session, which starts in January.

State Sen. Chap Petersen revealed yesterday that he would introduce a legislation to legalize wagering as part of a plan to reduce tuition fees at Virginia’s community colleges. Under his bill, titled Virginia Sports Gaming Tuition Reduction Act, state cities and counties would have to hold a referendum in order to decide whether they want sports betting services to be provided on their territories.

Betting on college games would not be allowed under Sen. Petersen’s piece. Tax revenue from legal wagering services would be split between localities and the state’s community college system, it became known on Tuesday.

Another Virginia legislator said yesterday that he would table a sports betting bill once the new legislative session is under way. Del. Mark Sickles explained that under his piece, legal sports betting would be taxed at 15% on revenue. According to initial estimates, wagering services could generate up to $41 million. The money would be used to fund research activities at Virginia’s universities.

Under Del. Sickles’ bill, the Virginia Lottery would be tasked with regulating and overseeing the state’s sports gambling industry. There will be five sports betting licenses for grabs, if that particular legislative piece is enacted. Del. Sickles’ proposal would ban wagering on Virginia college and university games, but would allow “wagering on collegiate athletic tournaments in the commonwealth if allowed by the sporting league.”

Commenting on his plan to introduce a sports betting bill, Sen. Petersen said in a Tuesday statement that he sees no reason why betting should be kept illegal when neighboring states are “already moving to legalize.” West Virginia went live with legal sports wagering in August, while North Carolina, Tennessee, and Kentucky lawmakers are all expected to discuss the matter next year.

In a separate statement, Del. Sickles said yesterday that with his legislation, he aims to provide a “framework for an open, transparent, and responsible market for legal sports betting.”

A Handful of Gambling-Related Topics to Be Discussed

The apparent start of a sports betting debate in Virginia should surprise no US gambling aficionado. The state was the first to legalize daily fantasy sports back in the spring of 2016 after the activity had taken center stage in prolonged and heated debates and legal actions in multiple states around the nation.

Bearing the above in mind, Virginia could certainly become a target for a concerted effort for the legalization of sports gambling. Companies like DraftKings and FanDuel have already gained foothold in Virginia with their daily fantasy sports product, but they have also been expanding their sports betting operations across the states where the practice is legal to secure a chunk of the lucrative wagering market. As a result, they can have a particularly smooth entry into Virginia when and if the state moves to legalize sports gambling.

It should also be noted that sports betting would not be the only gambling-related topic to be discussed in the Virginia General Assembly next year. A business group in Bristol is lobbying for the legalization of casino gambling in the state in order to be able to build a $150-million casino resort at the site of the vacated Bristol Mall, arguing that a development of this kind would have a “transformative” impact on the city, the region, and the state as a whole.

And while the Virginia Legislature has traditionally been against any form of gambling expansion in the state, it seems that following the latest gambling developments around the nation, it might have adopted a little bit more relaxed stance on betting and casino gaming.

Earlier this year, lawmakers authorized the new owner of the shuttered Colonial Downs racetrack to add historical horse racing machines at the property as well as at up to ten off-track betting facilities around the state.

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Tuesday, November 20, 2018

Casino News Today
Nominations are open for BSG Awards 2019 Vilnius

Nominations are open for the Baltic and Scandinavian Gaming Awards (BSG Awards 2019 Vilnius). The team at European Gaming Media and Events has announced the launch of the inaugural BSG Awards. The BSG Awards stands for Baltic and Scandinavian Gaming Awards and will recognize highly ranked, trustworthy, hard-working companies for their respective field of activity in the the online gambling ...

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Nevada Judge Temporarily Blocks Release of MassGaming Probe into Steve Wynn Sexual Misconduct Allegations

Release of MassGaming’s probe into sexual misconduct allegations against casino mogul Steve Wynn temporarily blocked

A Clark County District Court Judge has temporarily blocked the release of a report by the Massachusetts Gaming Commission into sexual misconduct allegations leveled against former casino boss Steve Wynn, a court official said on Monday.

The Massachusetts gaming regulator opened a probe into Mr. Wynn and Wynn Resorts, the company he had found, shortly after the publication of a report by the Wall Street Journal back in January, detailing an alleged decades-long sexual misconduct pattern by the embattled businessman. The investigation aimed to discover whether Wynn Resorts had any knowledge of the allegations raised against its former boss, how it had responded to those allegations, and whether it was suitable to be the holder of one of the state’s commercial casino licenses.

Wynn Resorts is currently building the $2.4-billion Encore Boston Harbor integrated resort in the Greater Boston area. The hotel and casino complex is scheduled to be launched next summer, although the latest developments may delay its opening.

Mr. Wynn’s attorneys filed two motions in the Clark County District Court earlier this month, seeking to block the release of MassGaming’s report. The businessman’s legal team argued that Wynn Resorts had communicated privileged information about its former boss to the Massachusetts Gaming Commission. According to the motion, the information provided included communication protected by “Mr. Wynn’s attorney-client privilege and/or the common interest agreements he entered with Wynn Resorts.”

Judge Wants to Hear Arguments about the Contents of MassGaming’s Report

Clark County District Court Judge Elizabeth Gonzalez informed attorneys yesterday that she wants to hear arguments about whether the report indeed contains privileged information. A date for a hearing is yet to be determined.

The Massachusetts Gaming Commission planned to release the findings of its probe in December, but it seems that it will have to do that at a later date, or it might even not be allowed to do that, if Judge Gonzalez sides with Mr. Wynn.

According to Massachusetts and MassGaming attorneys, the Clark County Court Judge lacks jurisdiction to rule on whether the Massachusetts gaming regulator is exercising oversight in a proper manner. They also pointed out in a court filing from last Friday that the ongoing legal argument will “almost certainly” delay the opening of Encore Boston Harbor, which will in turn delay “4,500 full-time job opportunities” and would deprive Massachusetts of millions of dollars in monthly tax revenue.

Encore Boston Harbor will be the state’s second integrated resort with a full-blown casino. Under original plans, the property was called Wynn Boston Harbor, but Wynn Resorts decided to replace Wynn with Encore, another popular brand owned by the company, to distance itself from the sexual misconduct scandal. As mentioned earlier, the luxury complex, currently under construction along the Mystic River in Everett, was scheduled to swing its doors open in the summer of 2019.

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Microgaming is to shake up the table games vertical with Switch Studios, a new independent game studio that will develop content exclusively for the online gaming supplier. Based in Ipswich, UK, the close-knit group of online gambling and social gaming experts are driven by a collective passion for games and building dynamic features with the latest technology to personalise gameplay. ...

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Casino News Daily
Two Tribes Sue Southern California Cardrooms for Providing House-Banked Card Games

The complaint filed by the two tribes seeks to stop non-tribal cardrooms from operating house-banked card games

Two tribes are suing several Southern California cardrooms, claiming that they have been violating state laws by providing house-banked card games, including blackjack, as well as percentage card games, local news outlets report.

The federally recognized California-based Santa Ynez Band of Chumash Indians and the Rincon Band of Luiseño Indians filed a lawsuit on Friday against twelve private, for-profit corporations operating cardrooms across Southern California and a number of unnamed third-party proposition player firms.

The Chumash and Luiseño tribes explained that their suit did not aim to challenge the right of the cardrooms to operate but to challenge the operation of house-banked and percentage card games. Back in 2000, state voters approved Proposition 1A, under which only federally recognized tribes were allowed to offer the above-mentioned card games on tribal land.

In their lawsuit, the two Indian nations said that they would not have taken legal action, if the state Department of Justice and the Gambling Control Commission had moved to enforce the provisions of Proposition 1A. The Chumash and Luiseño tribes further noted that they had been trying to solve the issue for well over a decade now, but with no success.

The legal complaint, filed in the San Diego County Superior Court late last week, stated that by offering house-banked and percentage card games, the defendant card rooms breached the California Constitution and existing gambling laws.

Legal Remedies

The complaint seeks injunction to compel the defendants to stop offering house-banked and percentage card games and legal relief for the financial losses sustained by the two tribes, which has also resulted in the loss of revenue for the government, employment opportunities for tribal members, and goodwill. Allegations in the lawsuit further included unfair competition and public nuisance, among others.

Hustler Casino, Oceans 11 Casino, Hollywood Park Casino, and Hawaiian Gardens Casino were among the defendant card rooms named in the lawsuit. Defendant players were named John Doe 1 through 25 and Green and Red Companies I through XXV.

California tribes and the state’s cardrooms have been in a turbulent relationship for nearly two decades now. As mentioned earlier, the tribes were given the exclusive right to operate house-banked card games back in 2000. A year later and following mounting pressure from California’s non-tribal cardrooms, state lawmakers allowed them to offer card games as long as players acted as the bank, not the house as it was at tribal casinos.

Shortly after, cardrooms started hiring proposition players to act as the bank, thus circumventing the law. A whole new industry emerged as a result, with third-party proposition player companies penning agreements with the cardrooms to provide players. There were also cardrooms that later on started banking their card games, dismissing the law altogether.

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Day 2 of WSOP Circuit Planet Hollywood Event #2 Kicks Off with 70 Hopefuls

The tournament drew 712 entries, 70 made it through their respective flights to secure a spot among those returning for Day 2

All six starting flights of the $400 No-Limit Hold’em or Event #2 on the schedule of the WSOP Circuit Planet Hollywood stop are now complete and those who managed to survive through their respective Day 1s are set to return at the host casino today at 3 pm local time to play Day 2.

Days 1E and 1F took place at the poker room at Planet Hollywood on Saturday. And it should be said that it was a busy, action-packed day. Flight E kicked off at noon local time to draw 221 entries who added another $72,930 to the prize pool.

The tournament’s fifth flight was scheduled to end once all 18 levels were played or until there were ten players left at the tables of the host casino. The top 24 players were to cash from Day 1E, min-cashes starting from $673, and the money not paid out throughout that day was to be added to the overall prize pool.

Once all 18 levels were complete, there were eighteen players left. They will join the survivors from the previous days to resume competition for the title and the first-place prize later today.

Flight F

The final flight was scheduled to feature 18 levels, just as the ones that had already taken place. Day 1F drew 157 entrants, of whom the top 18 were to make the money. Action was slated to continue until there were ten players left or until all scheduled levels were marked as complete. Flight F’s min-cashes were worth $695. Only 16 players managed to put chips in their bags when all 18 Day 1F levels were done.

All in all, the tournament drew a field of 712 entrants throughout its six starting flights and they generated a prize pool of $234,960, thus crushing the $200,000 guarantee. While the first-place prize and the rest of the payouts are yet to be revealed, organizers confirmed that all players that are to cash from the tournament would leave with no less than $788.

As many as 70 players made it through their respective starting flights and will return at the host casino later today to continue their participation in the exciting tournament.

James Millman, the player who bagged the chip lead at the end of Flight C, will be leading the pack of 70 hopefuls. He will start Day 2 with a hefty stack of 502,000 and a significant advantage over his remaining opponents. Jason Alvarez with 373,500, Volha Burdukouskaya with 325,000, Terrence Teo with 305,000, and Thomas Minnich-Weber with 277,000 are the other contenders who represent top 5 of the temporary chip counts chart.

As mentioned earlier, action is set to resume at 3 pm local time at the poker tables of Planet Hollywood. The first-place prize will be announced later on Day 2. Those who make it through the day will return Monday for a final day of action.

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Casino News Daily
Churchill Downs and Partner Get OK to Build New Kentucky Racetrack with Gambling Parlor

Churchill Downs and Keeneland will operate jointly Kentucky’s first new harness racetrack in 25 years

The Kentucky Horse Racing Commission selected on Friday Churchill Downs and Keeneland Inc. as the winning bidders for the construction of a harness racetrack and a gambling parlor in Western Kentucky. Their joint venture will be the first racetrack to be built in the state in 25 years.

Churchill Downs and Keeneland have presented a plan to jointly develop and operate a $150-million racetrack in Oak Grove in Chistian County. The latter company will only own 5% in the project.

The winning bidders will build a five-eighths of a mile racetrack that will host 12 days of standardbred races. Construction is expected to begin as early as next year. The new complex will also feature 1,500 historical racing machines. Last month, a Circuit Court Judge ruled that these machines were pari-mutuel, which made them legal under Kentucky laws that guard gambling on horse racing. Churchill Downs opened a gambling parlor with historical racing machines at its Louisville property earlier this year.

The machines have been estimated to have produced over $21 million for the state’s coffers since 2010. Churchill Downs Racetrack President Kevin Flanery told media that they expect the machines at their new property to annually generate $10 million.

The new racetrack complex will also include a 125-room hotel with an event center, food and beverage facilities, a 3,000-person outdoor amphitheater, a 1,200-person seat-grandstand with space for indoor events, and a modern equestrian center, among other facilities.

The new Oak Grove track is expected to create 800 construction jobs and 400 full- and part-time jobs once operational. The venue will be located along I-24 on the Kentucky-Tennessee border, aiming to draw visitors from Nashville.

Losing Bidders Voice Disappointment

Kentucky Downs in Franklin and Caesars-Bluegrass Downs in Paducah were the other two bidders for the new racetrack license. Both expressed disappointment and frustration with the bidding process.

News emerged earlier this week that racehorse owner Ron Winchell and former casino analyst Marc Falcone would buy a majority interest in Kentucky Downs for an undisclosed purchase price. Mr. Falcone told local media on Friday that they felt the selection process needed more time to be well thought out.

The new Kentucky Downs owners also revealed that they would enhance a previously announced expansion plan at the racetrack in order to make it more competitve now as a new player is entering the state’s horse racing field.

Comments by Caesars Entertainment executive Dan Real showed that the company was frustrated with losing the bid, arguing that Churchill Downs and Keeneland had no signed horsemen agreements and no history and relationships in the region, something the other bidders clearly had.

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Saturday, November 17, 2018

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First Four Flights of WSOP Circuit Planet Hollywood Event #2 Draw 334 Entries

As many as 334 entries registered into WSOP Circuit Planet Hollywood Event #2: $400 No-Limit Hold’em through first four flights; only 36 made it into Day 2

The longest event on the schedule of the ongoing WSOP Circuit Planet Hollywood series is under way and its field has already swollen to 334 entrants after four starting flights. The tournament kicked off with a guaranteed prize pool of $200,000, but with two more flights left to be played, that guarantee could and probably will be crushed.

The $400 buy-in event commenced on November 15 with two of all six starting flights. That first starting day drew 74 entries who generated a total of $24,420 in prize money. The top eight finishers of the day were to be paid a portion of the money. The players who registered into the event through Flight A were supposed to play eighteen 30-minute levels. However, if the bubble burst before the end of those eighteen levels, play was to stop. In that case the full Flight A prize pool was to be transferred to the overall prize pool.

Action wrapped with 3:15 remaining in Level 16, as that was when a player was eliminated in 9th place. Patten Lewis bagged the largest stack of Flight A, good for 215,000 in chips. The player was followed closely by Robert Fulford with 214,000. The Flight A survivors, together with the remaining hopefuls from the other five starting flights are set to return together at the host casino on Sunday at 3 pm local time for Day 2.

Flights B, C, and D

Flight B was, too, played on Thursday at the host casino. It saw 48 players register, generating a prize pool of $15,840. The top five finishers were to receive a share of the money, provided that all 18 levels were played. However, the money bubble burst deep into Level 17, so the final five players bagged and tagged for the night and the full Flight B prize pool went to the tournament’s overall prize pool.

Patrick Wall put the largest stack into his bag. The player had accumulated a total of 193,000 by the time action wrapped up on Day 1B.

Flights C and D took place yesterday at Planet Hollywood’s poker tables. The third starting flight of the tournament drew 141 entries. The top 15 players were to receive a share of the prize money generated through that flight. The plan was for the contenders to play until all 18 levels were completed or until the field was reduced to just 10 players.

All 18 levels were played on Day 1C and there were 15 players left when the clock showed the end of the starting flight. James Millman was the chip leader at the time with a hefty stack of 502,000 that also placed him on top of the overall chip counts leaderboard.

Last but not least, Flight D attracted 71 players, but only eight of them survived through all 18 levels of the day, bringing the total Day 2 count to 36 players. Steve Foutty ended Day 1D as the chip leader with 225,000 in prize money.

Action resumes today at the host venue with the final Flights E and F. Flight E is slated to kick off at noon local time with the first of 18 levels.

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Friday, November 16, 2018

Casino News Daily
Mississippi Gaming Regulator Delays Vote on Proposed Long Beach Casino Site

Gaming commissioners say they need more time to review and investigate before deciding on the proposed casino site

The Mississippi Gaming Commission decided on Thursday to postpone its vote on an application for a site approval for the construction of a casino resort at the site of Kmart in Long Beach, just north of U.S. Route 90 and east of Jeff Davis Avenue, news outlet the Sun Herald reported.

Commenting on the gaming regulator’s decision, Chairman Al Hopkins said that they have more to consider and investigate before voting on the site approval application. Commissioner Jerry Griffith said during yesterday’s meeting that delaying the site approval was not something unusual and that it gave the Commission the opportunity to review the casino proposal in detail and make sure it was following state regulations.

The regulatory body is set to meet again on December 20 in Jackson when it might eventually vote on the proposed site for the casino resort.

Developers plan to build the property on a 12-acre site previously occupied by Kmart and the Sav-A-Center grocery store. The resort will include a 40-000-square-foot casino with 1,200 slot machines and 20 table games. The gaming facility will be located within 800 feet of the mean high water line, as required under Mississippi gaming regulations.

The complex will also feature a seven-story 300-room hotel. The hotel tower will meet the city’s height restrictions, as noted by developers. Under state law, the complex will also have to include a fine dining restaurant.

First Renderings Revealed

During the Thursday meeting, developers presented gaming commissioners with the first pictures of the proposed casino resort, noting that those were only renderings and that construction documents were yet to be submitted, pending site approval by the Commission.

First news about the casino plan emerged two years ago when Long Beach Harbor Resort LLC was registered. The company which will develop the property, if it wins the necessary permissions, is headed by businessman James (Jim) Parrish. Mr. Parrish owns several businesses across South Mississippi.

While site approval is an essential step, it is only the first of many. As mentioned above, it has been two years now since the project was first introduced and it could take years before it materializes, as developers usually need quite some time to sort out site plans and secure financing.

Long Beach voters approved the construction of a casino north of U.S. 90 in a special election that took place in the summer of 2006. During yesterday’s meeting, six city residents said that they favored a gambling venue, while three were against it and two said they were neutral.

Those opposing the construction of the casino cited concerns about increased crime, traffic, and property values.

Long Beach Mayor George Bass was among those to speak in favor of the proposed casino, saying that it would have a positive impact on the city and its stagnant economy, generate millions of dollars for its schools as well as revenue for infrastructure improvements.

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Popular iGaming supplier Yggdrasil Gaming has released its first ever branded slot – Nitro Circus, an adrenaline-fuelled game featuring Nitro Circus’ biggest stars, greatest stunts and craziest vehicles. Nitro Circus, the world’s premier action sports entertainment brand is led by the legendary action sports athlete, motorsports competitor and stunt daredevil, Travis Pastrana. Yggdrasil’s new exclusive Nitro Circus slot brings the ...

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