Saturday, November 17, 2018 11:09 AM

Atlantic City Casinos Boast Another Good Month Of NJ Gambling Revenue

Atlantic City Casinos Boast Another Good Month Of NJ Gambling Revenue
three rocks

Atlantic City casinos brought in $239.1 million total revenue in October, a 15.8 percent increase over last year's figure of $206.4 million.

The post Atlantic City Casinos Boast Another Good Month Of NJ Gambling Revenue appeared first on .

North Dakota Looks to Legalize Charitable Sports Betting

Casino News Daily
North Dakota Looks to Legalize Charitable Sports Betting

North and South Dakota make first steps toward legal sports betting

North Dakota is looking to jump into the sports betting bandwagon as a local legislator is crafting a bill that would allow the practice, and proceeds from it would go to charities.

Local news outlet KFYR-TV reported on Friday that House Rep. Jason Dockter is planning to introduce a bill that would authorize charitable sports betting, thus providing an additional revenue source for the state’s charities.

Charitable gambling is a popular activity in North Dakota. Under state laws, it can only be conducted by non-profit corporations that hold a State Gaming License issued by the Office of the Attorney General or an organization or group of people who have been granted a Local Permit from a county or a city. Charitable gambling first became legal in North Dakota in 1977. The state is also home to several tribal casinos, but those are operated under separate rules and regulations.

Rep. Dockter has told local media that with sports betting, charities will be able to offer around 20% of all gambling options available in Las Vegas and this would save the state quite some money. The legislator went on to explain that:

“It puts less burden on the state because those charities and other entities would come to the state and ask to appropriate money for their services. Well this is a way for people already spending their money, you can put some of that money toward sports gaming. They can use that so they don’t have to come to the state and put burden on the general fund.”

If sports betting gets legalized in North Dakota, almost all proceeds from the practice would go for charities. As explained by Rep. Dockter, the only sports betting money the state would get would be used to offset costs by the Attorney General’s office.

The House lawmaker has said that he is yet to finalize his bill. Rep. Dockter has expressed confidence in the success of the piece, although some opposition is expected to be raised.

Neighboring South Dakota Could Too Move to Legalize Sports Gambling

News have emerged that North Dakota’s neighbor could too legalize betting, taking advantage of the mid-May SCOTUS ruling that lifted a long-standing federal ban on sports wagering. However, sports betting cannot become legal in South Dakota before 2020.

South Dakota gaming officials have recently submitted a proposal for a constitutional amendment that would legalize sports betting. They seek to place the measure on the 2020 ballot and will need about 34,000 valid signatures to secure that it would be voted on in the election.

If the proposal gains support from the majority of voters, it will then be debated in the South Dakota Legislature. Lawmakers will have to craft and approve regulatory and taxation frameworks. According to experts, it would not be before mid-2021 when first legal sports bets will be placed in South Dakota.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post North Dakota Looks to Legalize Charitable Sports Betting appeared first on Casino News Daily.

Friday, November 16, 2018 11:01 PM

Grosvenor Casinos Wins Major Mobile Gaming Award

RSS
Grosvenor Casinos Wins Major Mobile Gaming Award

Grosvenor Live Casino App is recognised for its unique user experience at this year’s EGR Operator Awards

Chiefs May Be The Best Bet, But NJ Sports Betting Favors NY Giants At BetStars

Chiefs May Be The Best Bet, But NJ Sports Betting Favors NY Giants At BetStars
ny giants

According to Betstars NJ, the Kansas City Chiefs have covered the point spread 80% of the time this season. But still, NJ bettors favor the NY Giants.

The post Chiefs May Be The Best Bet, But NJ Sports Betting Favors NY Giants At BetStars appeared first on .

Mississippi Gaming Regulator Delays Vote on Proposed Long Beach Casino Site

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.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Mississippi Gaming Regulator Delays Vote on Proposed Long Beach Casino Site appeared first on Casino News Daily.

Harrah's Resort Atlantic City Announces Plans for Its $56 Million Coastal Tower

RSS
Harrah's Resort Atlantic City Announces Plans for Its $56 Million Coastal Tower

With over $250 million in total capital investments and improvements by Caesars Entertainment in the Atlantic City market, the new Coastal Tower at Harrah's Resort is set to unveil the first phase of its room product by early 2019

Thursday, November 15, 2018 10:48 PM

NJ Online Gambling, Golden Nugget Shatter Revenue Records In October

NJ Online Gambling, Golden Nugget Shatter Revenue Records In October
shatter

NJ online gambling revenue hit $26.8M, beating the previous online casino record of $25.9M in July. The champion Golden Nugget inched close to $10M.

The post NJ Online Gambling, Golden Nugget Shatter Revenue Records In October appeared first on .

GAME BRAiN responsibly gaming show -- RGC

eGaming
GAME BRAiN responsibly gaming show -- RGC

To help raise awareness of the risks of gambling to students across Ontario, The Responsible Gambling Council (RGC) is touring high schools for a fifth year,  with its show - GAME BRAiN.

Steffen Sontheimer Leads Six Contenders into partypoker CPP $250,000 Super High Roller Championships Finale

Casino News Daily
Steffen Sontheimer Leads Six Contenders into partypoker CPP $250,000 Super High Roller Championships Finale

A year after becoming the inaugural Purple Jacket winner, Sontheimer is vying for the $250,000 Super High Roller Championships title

The partypoker Caribbean Poker Party $250,000 Super High Roller Championships is just a single day away from crowning a victor. After two days of action, the tournament first drew a field of 34 entries and then reduced that field to just the final six players.

The six final tablists are set to return at the Baha Mar host casino in Nassau, the Bahamas, at 1 pm local time to play down to a champion.

The Super High Roller event generated a prize pool of $7,517,500, but only the final four competitors will be treated to a share of the money. The minimum cash is worth $700,000, but everyone from the final pack of six is eyeing the first-place prize of $3,685,000 and all the accolades that accompany the winner of an event of this scale.

The final six will be lead by Germany’s Steffen Sontheimer. The player surged into the chip lead yesterday after winning a major pot against Nick Petrangelo. And while that confrontation helped Sontheimer into a whooping 11.035-million chip stack, Petrangelo will enter the final day of action with 1.1 million, good for just under 20 big blinds.

Aside from Petrangelo, Sontheimer will face four other tough opponents for the major title, with those four being David Peters (9.31 million), Sean Winter (6.465 million), Mikita Badziakouski (3.76 million), and Isaac Haxton (2.29 million).

Who Is Sontheimer?

The German player surged into poker prominence last fall when he claimed the Poker Masters title and the accompanying Purple Jacket in Aria Casino’s inaugural Poker Masters high roller series. The player was able to capture the above-mentioned title after he took down two tournaments on the series’ schedule.

Sontheimer first emerged victorious in the $50,000 buy-in Event #2 for $900,000 in prize money. He then outlasted the field of the $100,000 buy-in Event #5 for $1.512 million. He also cashed in the $50,000 buy-in Events #1 and #4 to add $204,000 and $117,000, respectively. He thus became the winningest Poker Masters player, which won him the title and the Purple Jacket.

While Sontheimer has not won any major tournaments in the year after his Poker Masters success, the player has still scored several three-figure cashes and has performed quite well on the live tournament circuit. Most recently, he finished 15th in the WSOP Europe €100,000 Super High Roller for a cash prize of €146,907.

The German poker pro currently has nearly $9 million in live tournament earnings. A victory in the $250,000 Super High Roller will secure the player with his largest career cash.

As mentioned earlier, six-handed action at Baha Mar casino is set to kick off at 1 pm local time. The finalists will play down to a winner, bursting the money bubble in the process.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Steffen Sontheimer Leads Six Contenders into partypoker CPP $250,000 Super High Roller Championships Finale appeared first on Casino News Daily.

Steve Wynn Seeks to Stop Release of MassGaming’s Sexual Misconduct Report

Casino News Daily
Steve Wynn Seeks to Stop Release of MassGaming’s Sexual Misconduct Report

The disgraced casino boss files second motion seeking to stop the release of privileged information related to sexual misconduct allegations against him

Steve Wynn filed on Tuesday a motion in a Nevada state court seeking to stop the release of an investigatory report by the Massachusetts Gaming Commission regarding the sexual misconduct allegations raised against the embattled casino boss, the Wall Street Journal reports.

Tuesday’s motion sought a temporary order to prevent the publication of the probe’s findings and was filed just under a week after Mr. Wynn and his legal team filed a request for an injunction and damages. The businessman’s complaint from last week read that Wynn Resorts communicated privileged information to the Massachusetts Gaming Commission as the regulator was investigating the sexual misconduct allegations and was seeking to discover whether the Las Vegas casino company had been aware of those and how it had addressed the issue.

Mr. Wynn’s complaint further said that the documents handed by Wynn Resorts to MassGaming reflected “communications protected by Mr. Wynn’s attorney-client privilege and/or the common interest agreements he entered with Wynn Resorts.”

The casino mogul’s legal team, including Donald Campbell, informed representatives of the Massachusetts gaming regulator that Mr. Campbell had worked privately with Mr. Wynn and had penned a joint-representation agreement with Wynn Resorts back when Mr. Wynn himself had been at its helm. Mr. Campbell filed their correspondence with MassGaming in Nevada court on Tuesday alongside last week’s complaint against the regulatory body and Wynn Resorts.

Representatives for the Massachusetts Gaming Commission said that Mr. Campbell had not been able to provide enough evidence about the existence of the joint-defense agreement.

Report Expected to Be Released Next Month

MassGaming launched probe into Mr. Wynn and his company’s suitability to operate a casino resort in Massachusetts following the January publication of a Wall Street Journal report that detailed a decades-long pattern of sexual harassment and sexual misconduct by Mr. Wynn. The businessman has called all allegations leveled against him “preposterous.”

Wynn Resorts was selected as the preferred bidder for the construction of an integrated resort with a casino floor in the Greater Boston area. The $2.4-billion Encore Boston Harbor is currently under development in the city of Everett, near Boston, and is slated to open doors next summer.

As mentioned earlier, MassGaming wanted to discover whether Wynn Resorts was aware of the multiple alleged incidents of sexual misconduct involving Mr. Wynn forcing company employees to perform sex acts or subjecting them to unwanted sexual advances.

The commission is expected to release a full report with its findings during a hearing in December. However, Mr. Wynn legal action might delay the planned release of said report.

It can be said that while the casino boss’ move to block the publication of the report might seem unusual, it should be noted that in Nevada, where Wynn Resorts is headquartered and its flagship properties are located, gambling regulators do not release the findings of investigatory reports. The local regulator usually settles issues with casino companies by imposing fines, when these are needed, and without the matter going public.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Steve Wynn Seeks to Stop Release of MassGaming’s Sexual Misconduct Report appeared first on Casino News Daily.

Wednesday, November 14, 2018 10:42 PM

WSOP Circuit Heads to Planet Hollywood for Its Next Thrilling Festival

Casino News Daily
WSOP Circuit Heads to Planet Hollywood for Its Next Thrilling Festival

Planet Hollywood is the next stop on the WSOP Circuit’s 2018/2019 calendar

After a successful Choctaw Casino Durant stop, the WSOP Circuit is next heading to Planet Hollywood in Las Vegas for the next festival on its 2018/2019 schedule. The popular casino resort will play host to the series from today, November 14, all the way through November 27.

There will be 14 events to be played within the stop, and 12 of them will award shiny gold rings to the winners. A single-day $250 buy-in Casino Employees event will kick off WSOP Circuit action at the host casino.

The second day of the stop will see the beginning of a $400 buy-in multiple starting flight No-Limit Hold’em tournament. The event will feature six starting flights, played over three separate days, and two more days of action. It is thus expected to conclude on November 19. Entries will compete for a share of the $200,000 guaranteed prize pool, but given the significant number opportunities for registering into the event, that guarantee will probably be crushed very quickly.

The WSOP Circuit Planet Hollywood’s schedule includes one more multiple starting flight event and that one is the $1,700 Main Event. The highlight tournament will take place on November 24-27 and will kick off with a guaranteed prize pool of $500,000. It will feature two starting flights and to more days of play, during which the field of participants will be whittled down until a winner is determined.

The two-day $2,200 No-Limit Hold’em High Roller is the highest buy-in tournament that will take place within the upcoming Circuit stop. The event will take place on November 26-27.

Latest Planet Hollywood Champions

Planet Hollywood played host to the popular poker series two times during its 2017/2018 – in November 2017 and in April 2018. It should be noted that both festivals proved to be extremely popular with players from Las Vegas and the rest of the country as well as with both Circuit regulars and newbies.

Last November’s $1,675 Main Event drew a field of 845 entries who crushed the $1 million guarantee and created a prize pool of $1,267,500. The top 90 finishers received a share of the money, min-cashes starting from $2,865.

And it was Fernando Galvan who emerged as the victor of the major tournament. After three days of play, the player claimed his first gold ring, first WSOP Circuit Main Event title, and his first cash from the series. The Main Event champ was awarded $247,160 for his performance.

In April, a total of 610 entrants registered into the Main Event to generate $915,000 in prize money and almost double the $500,000 guarantee. There were cash prizes for the top 63 spots, min-cashes were worth $2,992.

Poker pro Benjamin Zamani (pictured) took down the tournament and is now its reigning champion. The player cashed $192,152 and claimed his first gold ring from the series. It is important to note that Zamani is the proud holder of two WSOP gold bracelets. He won his first one in 2015 for topping the field of the $1,500 No-Limit Hold’em. Bracelet number two arrived last summer, when the player took down another $1,500 buy-in event; a Omaha Hi-Lo 8 or Better one this time.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post WSOP Circuit Heads to Planet Hollywood for Its Next Thrilling Festival appeared first on Casino News Daily.

Interblock grows its Gaming Operations department by adding Gaming Expert to North America Team

RSS
Interblock grows its Gaming Operations department by adding Gaming Expert to North America Team

Luxury gaming manufacturer Interblock® has appointed gaming expert Mario DiGuiseppe as Gaming Operations Manager in North America. In his role he will add to the company’s Gaming Operations department supporting the mid-west region of the country by serving as a liaison between our customers and all departments within Interblock from R&D to Sales.

Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace

Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace
compass

For now, there are 8 retail sportsbooks and 8 online sports betting apps in New Jersey. But NJ sports betting is just getting started.

The post Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace appeared first on .

Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor

Casino News Daily
Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor

Sports betting will be taxed at 10% on revenue, if House Bill 1 passes through the Tennessee Legislature

A Tennessee lawmaker has moved to propose the legalization of sports betting so that the state can take advantage of additional revenue and the growing interest in regulated wagering across the United States.

The Tennessee General Assembly adjourned just two weeks before the US Supreme Court’s mid-May ruling that struck down the long-standing federal ban on sports betting, and local lawmakers did not have the chance to take any actions regarding the legalization of the activity on the territory of the state.

However, it seems that the case will be different next year. News emerged earlier this week that Rep. Rick Staples has tabled a bill that proposes the legalization of sports betting in Tennessee. The bill contains provisions for the regulation and taxation of the local wagering market, if one is created.

Dubbed House Bill 1, the piece of legislation was introduced last week, a day after the November 6 midterm elections. Under its provisions, communities will be able to decide whether they want sports betting in their respective regions via local elections.

If legalized, sports betting services will be taxed at 10% on revenue. Tax money will be split between the Tennessee general fund, local governments as well as community colleges and colleges of applied technologies.

Governor-Elect Opposes Sports Betting

During his election campaign, Governor-elect Bill Lee made it clear that he was not a big fan of sports betting. During an October debate, Mr. Lee said that he would be working closely with the state’s General Assembly to make sure that lawmakers would not approve any legislation calling for the legalization of betting.

The soon-to-be Governor further pointed out that he believed “organized betting frequently develops into organized crime that [they] don’t need in [their] state.”

Despite Mr. Lee’s stance on sports gambling, it seems that it is here to stay with more and more states jumping into the mix. As many as five states currently offer legal sports betting and Pennsylvania and Rhode Island are expected to join in anytime now. Neighboring Mississippi was among the first states to legalize and launch sports betting following the SCOTUS ruling. And according to figures reported by the Mississippi Gaming Commission, the state collected $660,000 in sports betting taxes for the month of September.

Under Rep. Staples’ bill, a state gaming commission will be created to oversee the sports betting industry. Commission members will be appointed by the Governor, the House Speaker, and the Lieutenant Governor. The bill sets a $7,500 license fee for companies interested to operate legal sports betting in Tennessee.

Rep. Staples started working on his bill the moment he heard the sports betting ban was struck down, the lawmaker has himself told media outlets. He worked closely with the General Assembly’s legal advisors to craft the piece. House Bill 1 took around five months to be prepared and was finished on October 1.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor appeared first on Casino News Daily.

Tuesday, November 13, 2018 11:12 PM

Pennsylvania Casino Parx Could Join NJ Online Sports Betting Market In The Future

Pennsylvania Casino Parx Could Join NJ Online Sports Betting Market In The Future
puzzle

Pennsylvania's Parx Casino partners with gaming tech company Kambi Group and could make a possible move on the NJ online sportsbook market.

The post Pennsylvania Casino Parx Could Join NJ Online Sports Betting Market In The Future appeared first on .

Richard Williams, Licensing Partner at law firm Joelson, comments on the Gambling Commission Regulatory Panel’s fine of Daub Alderney Ltd (Stride Gaming):

RSS
Richard Williams, Licensing Partner at law firm Joelson, comments on the Gambling Commission Regulatory Panel’s fine of Daub Alderney Ltd (Stride Gaming):

“This is an astonishing penalty imposed by the Gambling Commission’s Regulatory Panel on Daub Alderney Limited, part of the AIM-listed Stride Gaming Group. 

Powered by Blogger.