Thursday, July 19, 2018 11:36 PM

GAN Joins FanDuel’s Growing List Of Sports Betting Partners

GAN Joins FanDuel’s Growing List Of Sports Betting Partners
men in suits shaking hands

It's getting tough to keep track of The Meadowlands' sports betting partners. The latest deal brings on GAN to work with FanDuel for online sports wagering.

The post GAN Joins FanDuel’s Growing List Of Sports Betting Partners appeared first on .

Interblock to Showcase New Market Innovations at OIGA 2018

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Interblock to Showcase New Market Innovations at OIGA 2018

Automated Roulette and Dice ETGs arrive to the State of Oklahoma

Poker Pro Pleads Guilty in $6-Million Super Bowl/World Cup Ticket Scam Case

Casino News Daily
Poker Pro Pleads Guilty in $6-Million Super Bowl/World Cup Ticket Scam Case

Poker pro Seyed Reza Ali Fazeli pleaded guilty to wire fraud charges after being indicted in March for allegedly soliciting investors from three states to wire him more than $6 million to start a ticket-resale business.

Fazeli admitted in a Santa Ana, California court on Tuesday that he spent the money to gamble, repay gambling debts, and for personal expenses. Fazeli was particularly active on the Las Vegas high roller poker scene in previous years. His live tournament bankroll amounts to more than $2.2 million. His HendonMob profile shows that he last cashed in a live tournament back in December 2016, when he finished second in a $25,000 buy-in Aria High Roller event for $247,680.

Prosecutors have disclosed that Fazeli ran Summit Entertainment, a Nevada-located company that promised investors to buy Super Bowl and World Cup tickets and resale those at a huge profit. It has been understood that the poker pro was thus wired around $6.2 million in the period between May 2016 and May 2017 by investors from Nevada, California, and his homestate Texas.

Summit Entertainment operated the onlinetickets.com and pacertickets.com websites through which the tickets resale was supposed to take place. Despite previous promises for a healthy profit, Fazeli failed to provide returns to the investment made by his victims.

The poker player told investors that the business performed poorly as the NFL had prohibited any ticket resales. His explanations proved to be false, prosecutors have revealed, as he admittedly spent the money he had received to cover personal expenses and he never bought the tickets.

Fazeli’s sentencing is scheduled for January 28, 2019. The poker player could spend up to 20 years in jail now as he has pleaded guilty to wire fraud.

Poker Professionals among Fazeli’s Investors

Poker news outlet CardPlayer reported earlier this year that there were professional poker players among Fazeli’s victims. The poker website produced a copy of the joint complaint filed by three popular poker pros who claimed that they had invested a total of $1.3 million into Fazeli’s business.

The complaint showed that Erik Seidel, John Juanda, and Zachary Clark, all three of whom are accomplished tournament players, were among the people who have invested into Fazeli’s ticket-resale operation that never really materialized.

According to court papers, Seidel and Clark each pumped half a million dollars into their fellow poker pro’s fraudulent business, while Juanda invested $300,000. It is unclear whether the $1.3 million provided by the three players was included in the above $6.2 million Fazeli obtained in his admitted wire fraud.

It has also emerged that Aria Resort & Casino in Las Vegas has, too, filed a lawsuit against Fazeli over an unpaid casino credit the property has extended 34 separate times. Aria has been one of the casinos the player has been frequenting. He has won quite some of the $25,000 high roller tournaments the property is well-known for.

The post Poker Pro Pleads Guilty in $6-Million Super Bowl/World Cup Ticket Scam Case appeared first on Casino News Daily.

Ainsworth increase profit forecast to US$29 before-tax

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Ainsworth increase profit forecast to US$29 before-tax

Ainsworth Game Technology Ltd says it expects profit before tax in its financial year ended June to have been about AUD39 million (US$28.97 million). The Australian maker of slot machines had previously forecast a profit of about AUD36 million on July 3.

Wednesday, July 18, 2018 6:27 PM

FanDuel Sportsbook Pads Its NJ Sports Betting Portfolio With IGT Deal

FanDuel Sportsbook Pads Its NJ Sports Betting Portfolio With IGT Deal
Fanduel sportsbook

The new FanDuel Sportsbook at Meadowlands uses IGT's sports betting software, which will also be used at its NJ online sports betting site.

The post FanDuel Sportsbook Pads Its NJ Sports Betting Portfolio With IGT Deal appeared first on .

Melco’s Cyprus Casino Welcomes 34,000 Unique Visitors During First Three Weeks

Casino News Daily
Melco’s Cyprus Casino Welcomes 34,000 Unique Visitors During First Three Weeks

Cyprus Casinos (C2), the first legal casino facility in the Republic of Cyprus, welcomed 34,000 individual guests during its first three weeks of operation, owner Melco International Development said in a statement from earlier today.

The venue opened doors June 28 in the city of Limassol. It will operate temporarily while Melco’s main integrated resort City of Dreams Mediterranean is under development. The €550-million property is expected to open doors in Limassol in 2021.

Cyprus Casinos or C2 currently features 242 slot machines and 33 gaming tables, a Salon Prive VIP gaming area, a restaurant, and two bars. The venue is operational 24/7 and admits patrons aged 21 or over.

Melco further revealed today that 6,000 customers have registered with the casino’s C2 Rewards Club loyalty program since it launched.

Commenting on the gambling venue’s performance during its first weeks of operation, Cyprus Casinos and City of Dreams Mediterranean President Craig Ballantyne said that visitor numbers have exceeded their expectations so far. The official further pointed out that customers from 41 different countries have come to play at the property. The majority of them were Cypriots, followed by patrons from Greece, Israel, Romania, Russia and the United Kingdom. Slots and American Roulette were the games that enjoyed the greatest popularity among casino visitors, Mr. Ballantyne added.

Heavy Competition

While Melco seems to be content with how its first property outside Asia has performed during its first days of operation, Mr. Ballantyne has previously said that the casino is forced to battle competition from Northern Cyprus where there is a well-developed casino industry represented by a number of established casino properties.

Talking to local news outlet Cyprus Mail, Mr. Ballantyne has also said that the multitude of illegal casino operations spread across the tiny Mediterranean nation could prove to be difficult to compete with. The official, known to be a casino industry veteran, has explained that the play field is somewhat uneven, particularly given the fact that Cyprus has very strict advertising limitations which prevent Melco from promoting its casino more actively.

Despite the above issues, Mr. Ballantyne said today that the accelerating attendance rate at the property is the result from a positive word of mouth and self-discovery.

The company has pointed out multiple times that it would look to combat seasonality and turn both its temporary casino and its main resort into an all-season destination. Seasonality has long been one of the main issues before Cyprus’ tourism industry.

Foreign visits to the island nation have been on the rise over the past several years, but summer months have traditionally remained the most popular time for visiting. The Cypriot government announced earlier this month that it would establish a special Junior Ministry of Tourism that would be assigned the task to reverse that long-standing trend.

The post Melco’s Cyprus Casino Welcomes 34,000 Unique Visitors During First Three Weeks appeared first on Casino News Daily.

Thought leaders welcome 2019 launch of ICE North America

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Thought leaders welcome 2019 launch of ICE North America

Clarion Gaming has announced the 2019 launch of ICE North America, which will bring together GiGse and ICE Sports Betting USA into a single consolidated event for the interactive gaming industry

Tuesday, July 17, 2018 11:54 PM

Mandalay Bay Owner Sues October 1 Mass Shooting Victims, Seeks Liability Protection

Casino News Daily
Mandalay Bay Owner Sues October 1 Mass Shooting Victims, Seeks Liability Protection

Las Vegas casino giant MGM Resorts International is suing over 1,000 victims of last year’s Mandalay Bay mass shooting in a bid to avoid liability claims, local news outlet Las Vegas Review-Journal reports.

The company has filed lawsuits in Nevada and California courts arguing that it should not be held liable for the October 1 incident, which involved a lone gunman carry out the deadliest mass shooting in America’s contemporary history. On October 1, 2017, Stephen Paddock opened fire from his suite on the 32nd floor of Mandalay Bay into a crowd that was attending the Route 91 Harvest open-air music festival. Paddock fired a rapid barrage of bullets into more than 22,000 concert-goers to kill 58 and wound more than 500. He then shot himself just ahead of police arrival.

MGM owns both the Mandalay Bay casino resort and the Route 91 Harvest festival venue. In its federal court lawsuits, the company argued that any claims against it “must be dismissed” as under a 2002 federal act, it had no liability to victims of the mass shooting.

MGM claimed that it was protected from liability under the 2002 law as the company was using anti-terrorism technology to prevent or respond to any form of mass violence. According to the gaming and hospitality giant, the company it had hired to oversee security at the Route 91 music festival could not be held liable as it had obtained the necessary certifications from the Department of Homeland Security for protection and responding to any act of mass violence and destruction. MGM further pointed out that the liability protection extended to itself as it had hired the security firm.

October 1 Shooting Not Act of Terrorism

Responding to the lawsuits, Las Vegas attorney Rober Eglet told media that the grounds presented by MGM were “obscure” and were on the verge of unethical. Mr. Eglet has been representing some of the victims of the October 1 shooting.

The act cited by MGM in its lawsuits was adopted a year after the 9/11 attacks and included a number of protections from liability. Under the legal piece, any act of mass destruction, major loss, and injury was defined as terrorism.

Here it is important to note that the October 1 shooting was not defined as an act of terrorism by the FBI as Paddock’s motive has remained unidentified which has presented the case from being solved. The FBI identifies terrorism as an act of violence that is triggered by extreme ideologies of racial, political, religious, or environmental nature.

MGM is not seeking money damages from the victims of the shooting. The company pointed out that it only wanted to be cleared of liability and that years of litigation would not be of the best interest of the victims.

The post Mandalay Bay Owner Sues October 1 Mass Shooting Victims, Seeks Liability Protection appeared first on Casino News Daily.

International Game Technology PLC to Host Second Quarter 2018 Results Conference Call on Tuesday July 31 2018

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International Game Technology PLC to Host Second Quarter 2018 Results Conference Call on Tuesday July 31 2018

International Game Technology PLC ("IGT") (NYSE:IGT) will host a conference call and live webcast to discuss second quarter 2018 results for the period ended June 30, 2018 on Tuesday, July 31, 2018.

Leagues Respond To NJ Sports Betting Lawsuit: We Don’t Owe Anything

Leagues Respond To NJ Sports Betting Lawsuit: We Don’t Owe Anything
nj sports betting lawsuit

The brief filed with the US District Court of New Jersey opposes NJTHA's claim of $150M in damages owed and outlines four reasons why the NJ sports betting lawsuit "must be denied."

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NJ Online Casino Revenue Slips In June, But There’s No Cause For Concern

NJ Online Casino Revenue Slips In June, But There’s No Cause For Concern
slips

After May's slide, NJ online casino revenue posted another month over month loss but the online gambling industry is still posting gains compared to 2017.

The post NJ Online Casino Revenue Slips In June, But There’s No Cause For Concern appeared first on .

Monday, July 16, 2018 5:36 PM

Make That Four: Meadowlands Joins NJ Sports Betting Crowd With FanDuel Sportsbook

Make That Four: Meadowlands Joins NJ Sports Betting Crowd With FanDuel Sportsbook
FanDuel Sportsbook

Meadowlands Racetrack took its first sports bets at the new FanDuel Sportsbook on Saturday, joining a growing list of NJ sports betting operators.

The post Make That Four: Meadowlands Joins NJ Sports Betting Crowd With FanDuel Sportsbook appeared first on .

Shanghai Police Nab Illegal World Cup Betting Gang

Casino News Daily
Shanghai Police Nab Illegal World Cup Betting Gang

Shanghai police have foiled an illegal online gambling ring that is believed to have netted more than CNY400 million (approximately $60 million), police officers disclosed this weekend.

As many as fourteen individuals were arrested for their alleged involvement in the gang, police told media. There is an ongoing investigation into the illegal operation.

Police said this weekend that the probe was launched after a man was arrested in Jinshan District earlier this year and was found to have frequently contacted a person, surnamed Li, who was in turn found to have conducted multiple money transfers with a loan company and to have shared online gambling accounts with other citizens.

With the Russia World Cup ahead, police assembled a team to investigate the matter more thoroughly. Officers found that Li was part of a gang that was in turn connected to an illegal online sports betting business. The group operated an unlicensed loan company and wagered money with an illegal offshore betting website.

Police conducted raids in the Jinshan, Yangpu, Minhang, and Putuo Districts on June 14, the day the World Cup tournament kicked off in Russia. The raids resulted in the arrest of fourteen people believed to be behind the illegal operation. Police also seized CNY100,000 worth of bets, more than 20 bank cards, and equipment used by gang members to provide illegal betting services.

The detained individuals told police that they acted as a loan company to lure bettors. They opened accounts with a foreign website and deposited money on behalf of their customers. Gang members would collect part of bettors’ wagers as a profit from the operation.

Massive Crypto Betting Ring

News about the illegal gambling gang nabbed by Shanghai police came shortly after it broke out that Chinese police have busted a $1.5-billion bitcoin betting ring as part of the nationwide crackdown on illegal gambling that took place during the World Cup.

Six individuals were arrested in relation to the case. They were found to have been tied to an illegal web-based betting syndicate that provided betting on football ahead of and during the major football championship.

Police said that the illegal platform accepted cryptocurrencies only, mostly bitcoin, ethereum, and litecoin, to avoid legal and regulatory pitfalls. It is believed that the gambling ring thus accumulated more than $1.5 billion worth of bets on World Cup matches.

According to reports from various news outlets, the illegal betting platform accepted bets for a period of eight months before being foiled by police. It saw 330,000 customers from around the world open accounts with it. More than 8,000 individuals acted as agents and earned commissions for each customer they lured into the operation.

The betting business was China’s largest one to have involved the use of digital currencies only. Chinese police also cracked down on multiple traditional illegal gambling operations around the country throughout the World Cup.

The post Shanghai Police Nab Illegal World Cup Betting Gang appeared first on Casino News Daily.

BetVictor customer wins £1,000,000 to conclude exciting Million Pound Bet campaign

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BetVictor customer wins £1,000,000 to conclude exciting Million Pound Bet campaign

Customer lands an incredible 17,042/1 #PriceItUp bet and nets £1,000,000

Sunday, July 15, 2018 12:21 PM

John Cynn Claims 2018 WSOP Main Event Title after Grueling Heads-Up Against Tony Miles

Casino News Daily
John Cynn Claims 2018 WSOP Main Event Title after Grueling Heads-Up Against Tony Miles

Today is an important day as football is hours away from having its new World Cup champion, Novak Djokovic just sealed his fourth Wimbledon title, and the World Series of Poker crowned its own brand new champion mere hours ago. John Cynn was the final man standing from a field of 7,874 entries to become this year’s World Championship victor.

The player survived a grueling 10-hour heads-up match against Tony Miles to eventually claim the prestigious title and the $8.8 million first-place prize and the champion’s gold bracelet that go along with it. While Cynn was unable to say how his life will change now as he is nearly nine million dollars richer, the 2018 Main Event champion said that he was happy he would be able to help his family and parents and that the money would certainly make things easier for him.

Winning the major tournament was not an easy task. Cynn had to survive ten days of action, which culminated into an epic battle that lasted more than ten hours. The duel between Cynn and Miles actually became the longest ever played within the Main Event, beating Qui Nguyen and Gordon Vayo’s match in 2016.

It was ten hours and 199 hands of chips and the chip lead swinging back and forth between Cynn and Miles. The two players showed great poker skill and composure, but in the end it was Cynn who outlasted the whole field. Here it is important to note that this year’s WSOP Main Event was the second-largest ever in the history of the popular poker series.

How Heads-Up Unfolded

The final day of the Main Event kicked off Saturday afternoon at the Amazon poker room of Rio All-Suite Hotel & Casino. There were three players left in contention at the time when cards were thrown in the air, those three being Cynn, Miles, and Michael Dyer.

Miles led the pack of three with 238.9 million in chips. Cynn was second in chips at the time with 128.7 million, while Dyer was trailing far behind his opponents with 26.2 million. The player eventually hit the rail in third place for $3.75 million in prize money.

Given the nature of the event, it was well expected that heads-up would be a long ordeal. However, hardly anyone was probably prepared for what would next happen at the poker table where the two 2018 Main Event finalists sat.

Miles and Cynn were nearly even in chips at the beginning of their epic match, with Miles holding a very slight chip lead. The next ten hours would see that lead changing hands on numerous occasions as none of the two players was ready to let go of the opportunity to capture the most prestigious poker title without a good fight.

Following 199 hands of heads-up play and 442 hands of final table play, the name of the winner became known at around 5 am local time. The final table dealt in this year’s Main Event saw Cynn betting 9 million from the button and Miles raising to 34 million from the big blind, which Cynn called.

The [Kh][Kd][5h] landed on the flop to see Miles bet 32 million and Cynn call. The turn card was the [8d]. Miles moved all in for 114 million while Cynn gave it some thought before calling and tabling [Kc][Jc]. Miles was drawing dead with his [Qc][8h]. The [4s] appeared on the river to seal it for Cynn. Miles hit the rail for a hefty consolation prize of $5 million.

While the 2018 Main Event runner-up said he was disappointed that he did not claim the title, he praised Cynn saying that he would be a great champion. Cynn himself spoke equally high of his final opponent.

The post John Cynn Claims 2018 WSOP Main Event Title after Grueling Heads-Up Against Tony Miles appeared first on Casino News Daily.

Poland’s Regulated Gambling Market Remains Unpopular as Blacklist of Erring Operators Keeps Growing

Casino News Daily
Poland’s Regulated Gambling Market Remains Unpopular as Blacklist of Erring Operators Keeps Growing

More than a year after the re-regulation of Poland’s gambling market the country’s Finance Ministry, the governmental entity charged with overseeing all things gambling, has remained consistent in its efforts to detect violators of rules and to penalize those.

The Finance Ministry has been purging the local market by blacklisting unlicensed operators that target local gamblers. Under the country’s gambling law, the blacklisted companies must have their domains blocked by local Internet service providers. And at press time, Poland’s blacklist of erring operators includes 2,379 domains.

Two domains operated by bet-at-home were the last ones to be added to the ever-growing list. The operator actually faced trouble in the Netherlands earlier this week, as well, where the local gambling regulator, Kansspelautoriteit, fined it more than €400,000 for trying to lure local players.

Poland’s blacklist and its overall regulatory regime have been causing quite a stir in the iGaming community and have been branded as unfair and overrestrictive.

And while major industry players have resorted to legal action to convince the Polish government that they believe what has been going on in the country violates principles of the European Union, a local court has given the green light to lawmakers to continue adding companies to the now behemoth blacklist.

News emerged earlier this week that the Warsaw Provincial Administrative Court has upheld the Finance Ministry’s right to continue expanding its list of unlicensed gambling domains. The ruling has been issued as a response to complaints filed by five Sweden- and Malta-based gambling operators that had argued that the country had marred their established reputations within the iGaming community by adding their domains to the blacklist.

The Administrative Court has stated that it has found now issue with Poland’s new gambling law as it had been sent for review by the European Commission and the latter had not provided any negative comments regarding the way the country had decided to punish violators.

Unlike the Warsaw court, the Polish ombudsman has criticized the blacklisting practice as one that violated the right of “freedom of speech and access to information”.

Unpopular Market

Under Poland’s Gambling Act from last year, international sports betting operators can apply for a license from the Ministry of Finance in order to be able to operate in the country. However, just nine licenses have been issued since last April, when the new law took effect.

Cherry AB, the major Swedish gambling operator, entered the local market most recently. The company received its license earlier this month. On the other hand, big industry names such as bet365 and William Hill exited the market last year ahead of its re-regulation and have abstained from obtaining a license ever since.

Poland’s online gambling market has become quite unpopular with many operators due to the ridiculously high tax rate the country’s government introduced as part of last year’s re-regulation. Licensed companies are required to pay 12% on their turnover from local customers to the Finance Ministry. Given the fact that most of Europe’s regulated markets use revenue as a tax basis, it is quite understandable why there seems to be a general lack of interest in the Polish market.

While international companies are allowed to operate sports betting in Poland, as long as they have the necessary license, casino games are reserved to the state-run monopoly Totalizator Sportowy.

The launch of its online casino is expected to take place this fall after certain delays related to the selection of the provider that would supply games occurred. The Polish government was supposed to launch a bidding process for suppliers last August, but it was November when that process eventually took place. It later on became known that Playtech would be providing the state-run casino with the necessary gaming software.

The post Poland’s Regulated Gambling Market Remains Unpopular as Blacklist of Erring Operators Keeps Growing appeared first on Casino News Daily.

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