Monday, May 21, 2018 12:06 PM

Aristocrat Brings Player-Favorite Games, Cutting-Edge Cabinets to Juegos Miami

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Aristocrat Brings Player-Favorite Games, Cutting-Edge Cabinets to Juegos Miami

Aristocrat Exhibiting in Booth #21

Andorra to Announce Winning Casino Bidder within Weeks

Casino News Daily
Andorra to Announce Winning Casino Bidder within Weeks

Andorra is set to announce the winning bidder for the principality’s first land-based casino by the end of June. A total of 13 proposals from 9 gaming operators have been submitted during the bidding process.

The winning bidder will be issued a license with a maximum duration of 20 years. The license will allow for the construction of a gaming resort. The property will have to be of minimum investment of €10 million.

When finally operational, Andorra’s first-ever land-based casino will have to comply with the regulations set out in the Principality’s gambling law from 2016. Gambling services provided in the facility will be taxed accordingly.

According to unnamed sources, Andorra’s government will announce the winning bidder for the new property within weeks. As mentioned above, there were 13 different offers submitted for review from 9 international companies, with Malaysia’s Genting Group and Spain’s Cirsa being among those.

Multi-Million Investment Proposals

Both Genting and Cirsa pitched €140-million plans for the construction of a casino resort in Andorra. While the Malaysian gambling and hospitality giant came forward with a single proposal, its fellow bidder submitted bids for two different schemes.

Genting is bidding through its UK subsidiary, which has previously formed a partnership with Andorran businessman Marc Giebels van Bekestein, Arc Resorts President Mark Vlassopulos, and British investor David Gray. The Malaysian operator currently holds a 70% stake in the joint venture.

Genting is planning to build a casino resort with a gaming floor, food and beverage facilities, a spa, and two floors dedicated for accommodation of the resort’s visitors. If the company’s proposal wins the single license available, it is planning to construct its complex in the Clot d’Emprivat area. According to initial estimates, Genting’s resort could create about 1,000 new jobs – 600 during construction and 400 full-time ones, once the property is launched.

It was understood that Spanish gambling giant Cirsa has submitted two bids. Both included a plan for the construction of a casino resort but in two different locations across the Clot d’Emprivat area. The company has recently been acquired by American private equity firm The Blackstone Group for the approximate amount of €1.6 billion. Cirsa has partnered with French casino operator Groupe Tranchant to bid for the Andorra casino license.

While one of the proposals includes a smaller-scale casino complex, the other, if approved, will provide for the construction of a larger mixed-use property. It will feature a 2,500-square-meter casino spreading across three floors, restaurants and bars, conference and event rooms, facilities for entertainment and live music events, and an underground parking, among others. According to original estimates, the resort could be launched by 2020 and would create hundreds of new jobs, both direct and indirect ones.

French gaming group Partouche, Andorran group Cierco, and Gauselmann Group’s Merkur are among the other bidders for the casino license.

The post Andorra to Announce Winning Casino Bidder within Weeks appeared first on Casino News Daily.

Sunday, May 20, 2018 5:42 AM

Will Atlantic City’s Two New Casinos Oversaturate Its Recovering Gaming Market?

Casino News Daily
Will Atlantic City’s Two New Casinos Oversaturate Its Recovering Gaming Market?

After several weeks of speculations over the opening of what would be Ocean Resort Casino, it was recently confirmed that the property, formerly known as Revel, would swing its doors open on June 28. And Hard Rock International had previously picked that exact date to reopen the former Trump Taj Mahal as a Hard Rock-branded casino resort.

The emblematic Atlantic City Boardwalk will thus welcome two new stars to its existing seven casino properties. This year is very special for the city as its celebrates the 40th anniversary of its first-ever commercial casino.

For a very long time, Atlantic City was the only place on the East Coast where commercial Las Vegas-style were allowed. And during that time it maintained fervently its spot as America’s second highest grossing gambling hub, with Las Vegas being the largest such hub by annual revenue produced.

However, the decade after 2006, when a number of states in the northeast part of the country opened new casinos and expanded quickly their gambling industries, turned out to be a complete disaster for Atlantic City. It could not manage the growing competition from neighboring states and, as a result, many of its casinos struggled to stay afloat.

The culmination of Atlantic City’s disastrous decade was represented by the closure of five of its 12 casinos in the period between 2014 and 2016 (Revel closed in 2014, while Trump Taj Mahal was shuttered in 2016).

It seems, however, that the popular casino hub might be ready to turn over a new leaf. In 2017, its seven surviving casinos posted a second consecutive year of revenue growth. They generated a total of $2.66 billion, up 2.2% from 2016. The results came as a much needed encouragement.

The opening of the city’s two new casinos is just over a month away and many see that as a sign that recovery is around the corner. On the other hand, less enthusiastic analysts have warned that Atlantic City’s gambling industry might not be ready for expansion yet.

Who are the owners of the two new properties and what have they promised to bring to the city? How will the opening of two casinos impact Atlantic City’s industry? And is the decision for the openings to take place on the same date a reasonable one? Here is Casino News Daily’s view on the topic.

Details about the Two Casinos

Hard Rock International, the Florida-based gaming and hospitality giant, bought the former Trump Taj Mahal from Carl Icahn in the spring of 2017 and just several months after the property’s closure. Hard Rock paid only a fraction of the original prize of what had been dubbed as the eighth wonder of the world by its original owner, US President Donald Trump.

The company then announced that it would spend over $500 million to bring down Trump Taj Mahal’s iconic minarets and replace those by rock’n’roll-style elements the Hard Rock brand is well-recognized for.

Hard Rock obtained the necessary license for the operation of casino gambling from the state Casino Control Commission on May 9, which was actually among the final regulatory steps needed to be completed before the opening of what would run as Hard Rock Hotel & Casino Atlantic City.

The resort will feature a 120,000-square-foot casino with 2,144 slot machines and 120 table games, a hotel with nearly 2,000 rooms, a number of food and beverage options, and a 7,000-seat event center, among other facilities.

Property owners have pointed out repeatedly that they aim to create a unique entertainment destination that will attract different groups of visitors. Hard Rock has revealed plans to book more than 300 concerts and other events at its Etess Arena over the resort’s first year of operation and has announced quite a lineup, with tickets for some of the upcoming events now being sold.

As for Ocean Resort Casino, it will operate at the site of the former Revel, which sadly closed doors in the summer of 2014 after just two years of operation. The hotel and casino resort cost $2.4 billion to be built, but was then sold to Florida-based businessman Glenn Straub for just $82 million. After failing to reopen the property, Mr. Straub sold it to its current owner – Colorado-based real estate developer Bruce Deifik for $200 million. Mr. Deifik invested another $200 million into the property’s renovation and preparation for opening.

News emerged in April that Ocean Resort Casino would open on the same day as Hard Rock Atlantic City. However, it was not until mid-May that it was confirmed the property would launch namely on June 28.

In a recent interview with The Associated Press, Mr. Deifik said that they wanted to learn from and avoid Revel’s mistakes, and to debut Ocean Resort Casino as a friendlier property than it predecessor was. The new resort would thus offer designated areas at its casino for smokers, unlike Revel which banned smoking inside the gaming floor.

Ocean Resort Casino will also welcome pedestrian traffic to its gambling facility. Construction workers recently brought down the wall that separated the casino from the Boardwalk. That wall is set to be replaced with a door and stairs that would allow visitors into the gaming floor directly from the Boardwalk.

Mr. Deifik’s casino is yet to receive a license from the New Jersey Casino Control Commission. This is expected to happen at the regulators meeting on June 6.

Expectations

Many were perplexed by the announcement that Atlantic City’s new casinos will open doors on the same date. However, industry representatives explained that the decision might actually prove to be a move in the right direction.

Global Gaming Business magazine publisher Roger Gros has explained that while the opening of Hard Rock Atlantic City is the event mainly focused on, Ocean Resort Casino will thus be able to feed on and draw attention to itself on the opening date.

Experts also believe that the opening of two properties on the same day will certainly attract greater attention and visitors, as many would want to witness such a historic moment. It is also important to note that the launch of the two casinos will take place just days before July 4. The holiday is traditionally among the busiest periods of the year for Atlantic City’s casinos and as it lands on Wednesday this year, the city’s two new properties will surely hope to cash in during the weekend before and after.

There have also been concerns that two new gaming venues might not be the best scenario for Atlantic City, now as its revenue has been recovering with seven operational properties. According to many, Hard Rock Atlantic City and Ocean Resort Casino might oversaturate the local market and pull it back where it was several years ago when many of its gambling floors were struggling to stay afloat.

It is yet to be seen whether the new resorts will help the once thriving casino hub recover at least part of its former glory or bring a new wave of financial and other related issues. One thing is important to note, both new properties are looking to provide visitors with unique experience and this could certainly be of great help at a time when customers, both gambling and non-gambling, are looking namely for diverse experience.

The post Will Atlantic City’s Two New Casinos Oversaturate Its Recovering Gaming Market? appeared first on Casino News Daily.

Saturday, May 19, 2018 6:00 AM

Biggest World Series of Poker Main Event Winners

Casino News Daily
Biggest World Series of Poker Main Event Winners

The World Series of Poker is peeking from the corner with brand new tournaments and more gold bracelets up for grabs. This year the world’s largest and longest running tournament poker series will take place from May 29 to July 17.

The 2018 WSOP will feature 78 official gold bracelet events, including the fourth edition of the now very popular $565 buy-in COLOSSUS. It is also interesting to note that this year the poker festival will feature a record number of 13 tournaments that will kick off after the beginning of the $10,000 Main Event.

And speaking of one of the biggest highlights of the series, the World Championship, it is slated for July 2-14, when its champion will be crowned. This year, for a second straight year, the official nine-handed final table will be played within the series and not in November.

To celebrate the start of what poker fans around the globe hope will be an extremely exciting and successful edition of the WSOP, Casino News Daily has prepared a list of the biggest WSOP Main Event winners throughout the years, or those brave warriors who have outlasted massive fields to eventually scoop the largest prizes to have been awarded in the history of the series. Here they are.

Jamie Gold – $12,000,000

Gold won the 2006 edition of the WSOP Main Event. The player bested a field of 8,773 entries to win the largest ever Main Event prize in the history of the series. It is also important to note that the 2006 World Championship was the largest one by prize pool not just within the WSOP but also within poker history as the amount of $82,512,162 was generated in prize money.

Gold became the last man standing after a heads-up match against five-time WSOP gold bracelet winner Allen Cunningham. His winning hand was [Qs][9c].

Martin Jacobson – $10,000,000

The Swede outlasted the 6,683-strong field of the 2014 WSOP Main Event. As mentioned above, his share of the event’s total prize pool of $62,820,200 amounted to $10 million. In fact, the 2014 edition of the tournament was the first one to feature a $10-million guarantee for the champion.

Jacobson emerged as the victor after an all-Scandinavian heads-up against Norway’s Felix Vincent Stephensen. A winning hand of pocket tens secured the Swede with the sweet victory. It is also interesting to note that top three of that year’s edition of the Main Event was rounded out by another European player – Dutch poker star Jorryt van Hoof.

Peter Eastgate – $9,152,416

Eastgate was the player to outmaneuver the 6,844-strong field of the 2008 WSOP Main Event and walk away with a first-place prize of $9,152,416 from a total prize pool of $64,333,600. Eastgate, who hails from Norway, is another member of the elite club of Scandinavians to have won one of the world’s most prestigious No-Limit Hold’em Tournaments.

The player secured his victory after a heads-up duel against Ivan Demidov. On what turned out to be the final hand of the tournament, Eastgate held [Ad][5s] to be crowned the 2008 Champion.

Jonathan Duhamel – $8,944,138

Canada’s Jonathan Duhamel emerged victorious over a field of 7,319 fellow tournament entries to collect $8,944,138 in prize money. The player took the largest share of a prize pool that amounted to $68,798,600.

Duhamel faced John Racener, quite an accomplished player himself, heads-up. The two players clashed for the title, but on the last hand in action it was the Canadian to table the winning [As][Jh] and bust his fellow contender in second place.

Pius Heinz – $8,715,638

The German claimed the 2011 WSOP Main Event title for a payout of nearly $8.8 million. He was the last player standing from a massive field of 6,865 entrants. They generated a prize pool of $64,531,000.

Heinz ran pretty well over the course of the tournament to eventually become one of the two final players at the official final table. The German clashed against Martin Staszko from the Czech Republic in a final battle for the title. Heinz eventually locked that important title with a winning hand of [As][Kc].

The post Biggest World Series of Poker Main Event Winners appeared first on Casino News Daily.

Videoslots Launches Industry First My RTP Feature

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Videoslots Launches Industry First My RTP Feature
Malta-based online casino operator Videoslots has enhanced its offering with the launch of “My RTP,” a pioneering analytics tool designed to bring greater engagement and transparency to the online casino experience.

Friday, May 18, 2018 5:36 PM

Zitro Announces Zitro Experience Argentina

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Zitro Announces Zitro Experience Argentina

During the last year, Zitro has significantly increased its presence in the casinos of Argentina. Currently, more than fifty casinos in the country have Zitro's Bryke video slots, in addition to their popular Video Bingo games.

Harrah’s New Orleans Series High Roller Promises Top Players $100K Guarantee

Casino News Daily
Harrah’s New Orleans Series High Roller Promises Top Players $100K Guarantee

Hundreds of poker enthusiasts have gathered at Harrah’s New Orleans casino for the final stop of the 2017/2018 WSOP Circuit taking place this week. One of the most exciting events during the festival, the $2,200 High Roller, launched Thursday, promising top players a guaranteed prize pool of $100,000. The final and, certainly, the most anticipated tournament of the series kicks off today – this is the $750K GTD Main Event which will crown its winner Monday, May 21.

Attracting 128 high-stakes poker pros, the $2,200 No-limit Hold’em High Roller generated a total prize pool of $256,000. Registration closed with the start of level 13 on Day 1 of the tournament and eliminations quickly followed, cutting the field in half. After entries were calculated, organizers announced that only the 16 finalists would receive money for their finishes, while the first place in the event would come with a prize of $71,680. Along with the cash, the champion will also take a WSOP Circuit Ring. The minimum cash given to players would be $3,502. By the end of Level 15, only 18 entrants remained for Day 2 of the High Roller tournament.

Day 1 chip leader, David “Barth” Melius, would return to the tables as one of the final 18 players on Friday with a stack of 455,000. The leaderboard continues with Robert Hankins and Peter Viantonio, each holding 377,500 in chips, B.J. McBrayer (272,000), and Michael Horchoff (199,500). Among the 18 survivors of Day 1 are also Maurice Hawkins (112,500), Nadya Magnus (83,400), Alex Rocha (69,000), Marshall White (62,500), and Mark Dube (47,500).

Other notables could not make to the second day of the tournament, nor did they come close to the money. These were nine-time WSOP ring winner Ari Engel, as well as two players who already claimed victory at previous events at Harrah’s New Orleans series, Valentin Vornicu and Abraham Araya.

More Titles and Rings Awarded at Harrah’s New Orleans

The current season of the WSOP Circuit comes to an end with Harrah’s Casino in New Orleans chosen as its host venue. The festival has nine tournaments and two side events, namely the $250 Ladies Event No-Limit Hold’em Re-Entry taken down by Cyntia Compton and the $250 Seniors Event No-Limit Hold’em Re-Entry won by Scott Roberts. The NLH High Roller is the 8th event of the series, while the next tournament is the final one for this season, the $750K GTD Main Event.

It starts Friday morning at 11.00 a.m. local time and has an entry fee of $1,675. Players will be able to enter during the two starting days and re-enter one time while registration is open until the start of Level 13 on Sunday. They will start Day 1A on Friday with 20,000 in chips during 40-minute levels. Last year, the tournament attracted 758 entrants who contributed to the total prize pool of $1,137,000. After several days of poker action, Jason Baldridge emerged victorious and took home the first-place prize of $227,412.

Several other events ended Thursday, one of which was the single-day $365 No-Limit Hold’em Single Re-Entry tournament. It was won by Terry Melancon who banked a cash prize of $13,556. The NLH MONSTER STACK Re-Entry event also crowned a champion – it was Raymond Curran who defeated the impressive field of 707 entrants and claimed the title for $43,479.

The post Harrah’s New Orleans Series High Roller Promises Top Players $100K Guarantee appeared first on Casino News Daily.

Leading gaming brands Pitch in for Juegos Miami

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Leading gaming brands Pitch in for Juegos Miami

The initiative consists of three 15-minute slots in each conference room and will feature leading international gaming brands including BetConstruct, BetGenius, Dynamic Messaging, Quixant, SBTech and Skilrock.

 

Thursday, May 17, 2018 11:30 PM

NJ Online Gambling Revenue Still Going Strong, But Big Changes Are On The Horizon

NJ Online Gambling Revenue Still Going Strong, But Big Changes Are On The Horizon
lifting weights

April's NJ online gambling revenue hit $23M, a decline from March but still the second-best month for the industry, but interstate poker and sports betting in New Jersey will likely make waves in 2018.

The post NJ Online Gambling Revenue Still Going Strong, But Big Changes Are On The Horizon appeared first on .

Brennan Benglis Wins First Circuit Ring with $365 NLH 6-Max Victory

Casino News Daily
Brennan Benglis Wins First Circuit Ring with $365 NLH 6-Max Victory

After a decade of middling good results on the poker tournament scene, US grinder Brennan Benglis claimed a notable victory at Harrah’s New Orleans on Wednesday. The 33-year-old poker player defeated 335 entrants and took the first WSOP gold ring in his career by winning the $365 No-limit Hold’em 6-Max event.

Benglis took part in the fifth event during the Harrah’s New Orleans series, which is the final stop of the 2017/2018 World Series of Poker Circuit. Due to the popularity of the series and the prestige these events are generally associated with, the casino expected strong participation, especially by Harrah’s regulars. The 2-day tournament started Tuesday and a total of 336 players registered, contributing to the total prize pool of $100,800. The top 36 finishes reached the money on the first day and the minimum cash rewards were calculated at $529, quite a reasonable prize considering the buy-in was only $250.

Before the top six players could sit on the final table, Day 2 of the tournament started with Jeff Turton as chip leader who had a huge advantage over the others. Easton Oreman was eliminated in 8th place, followed by Jessy Capps in the 7th spot. Each of them took home $2,821 but those who managed to survive to the official final table at the Six-Max event were promised more sizable cash rewards. Among them were Mike Azzaro (6th, $3,880), Blake Whittington (5th, $5,396), and David Nicholson (4th, $7,591). Previous chip leader Jeff Turton finished 3rd and banked $10,807.

For his second position, Daniel Holmes from Lafayette, LA, received a consolation prize of $15,572, while the winner claimed a much more attractive reward. Brennan Benglis from Lake Charles, LA, managed to defeat him and take the title for $25,206. He also received his first Circuit ring, a goal he had for more than ten years, Benglis admits.

Benjamin Thomas Takes the Chip Lead at $100K GTD MONSTER STACK

A few hours after Benglis was crowned a winner of the fifth event of the poker festival, Benjamin Thomas finished with the biggest stack after Day 1 of the $365-buy-in No-Limit Hold’em MONSTER STACK Re-Entry. This is one of the largest events currently being held at Harrah’s New Orleans and it comes with a guaranteed prize pool of $100,000. It also saw remarkable interest and drew a field of 707 entries, who helped increase the guarantee to $212,100, more than twice as high as originally promised by the organizers.

The final 72 players are set to make it to the cash. On Wednesday evening, the massive field was already cut and the top 37 players were led by Benjamin Thomas who held 1,218,000 in chips. Two other players had over 1 million in chips, Charlie Dawson (1,125,000) and Raymond Curran (1,068,000). Among the more notable names to finish the day with larger stacks were Jeffrey Trudeau (719,000), Steve Meyers (701,000) and Boris Kasabov (250,000).

Day 2 of the tournament starts Thursday at 1 p.m. local time and the 37 grinders remaining will receive a minimum of $785. Of course, the prize for the winner is much more exciting – it will be $43,479 in cash and a WSOP gold ring.

The post Brennan Benglis Wins First Circuit Ring with $365 NLH 6-Max Victory appeared first on Casino News Daily.

Seven Things To Look For At Ocean Resort Casino When It Opens June 28

Seven Things To Look For At Ocean Resort Casino When It Opens June 28
seven

Ocean Resort Casino is swarming with activity before opening day on June 28, but here are seven things you should know about the new Atlantic City casino as the grand opening nears.

The post Seven Things To Look For At Ocean Resort Casino When It Opens June 28 appeared first on .

Australian iGaming Operator Suffers Liquor & Gaming NSW Backlash for Illegal Advertising

Casino News Daily
Australian iGaming Operator Suffers Liquor & Gaming NSW Backlash for Illegal Advertising

The New South Wales (NSW) Government’s agency Liquor & Gaming NSW revealed that a local online gambling operator has faced Australian regulatory backlash for violations of gambling advertising rules. Neds.com.au, a web-based betting company, has come under conviction for illegally publishing advertising materials and suffered an AU$18,000 monetary penalty for that.

The company pleaded guilty to five offenses associated with illegal advertising during the hearing in the Downing Centre Local Court on May 15th. The online gambling operator faced allegations that it had used illegal “bet boosts” advertising and deposit-matching schemes in order to attract more customers to its websites and encourage them to gamble.

As revealed by the NSW gambling regulatory body in an official announcement, the company had violated gambling legislation by using offers of matching first deposits up to AU$505, as well as special “bet boosts” on a number of its websites including www.racenet.com.au, www.neds.com.au, and www.9news.com.au. The illegal advertising occurred in the period between October and December 2017.

Paul Newson, the Deputy Secretary of the Liquor & Gaming NSW, said that such advertising practices were not only able to hurt local communities but also clearly breached the gambling advertising laws of New South Wales that were especially focused on tackling gambling-related harm. He explained that the case needed to be reviewed under the laws which had been in place at the time when the criminal offenses had taken place, it was new pieces of legislation which would make sure that gambling operators would suffer much higher fines for illegal or irresponsible practices.

New Gambling Legislation and Fine Amounts to Be Imposed

Gambling advertising and inducements used by gambling operators have become a widely-discussed topic across the country, with companies that used such practices to attract new customers and push them to gamble being harshly criticized by various charities.

As revealed by Paul Newson, the maximum fines for operators that use illegal advertising to encourage customers to register new accounts on their websites have been made ten times bigger. In addition, under the new rules, directors of such companies could be held personally liable for such practices, so they could face criminal probes for gaming offenses.

According to Mr. Newson, the new rules were necessary to make sure that company directors are held responsible for any violations made by the operators, which could actually motivate them to observe that their companies are in line with the legislation. That is the reason why directors of online gambling operators would no longer be able to neglect such problems and excuse themselves saying that they had not been aware of the violations committed by their companies. He further explained that such managers would be held personally liable in cases where they had not taken any measures to prevent such violations or to stop the offenses once they had occurred.

Existing loopholes are also to be closed under the new legislation and regulatory framework.

The post Australian iGaming Operator Suffers Liquor & Gaming NSW Backlash for Illegal Advertising appeared first on Casino News Daily.

Bloomberry Resorts Applies for Cruise Ship Port Approval

Casino News Daily
Bloomberry Resorts Applies for Cruise Ship Port Approval

Earlier this week, a subsidiary of the Philippines-based casino owner and operator Bloomberry Resorts Corp. has applied for a cruise ship port with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA). The announcement followed a media report dated last week, according to which the company planned to make a $5.9-million investment in the development of a cruise port in Paranaque City.

The TIEZA revealed that the application for the cruise ship port project was filed by Sureste Properties Inc., a fully-owned subsidiary of Bloomberry, with the port set to serve the company’s Manila-based Solaire Resort and Casino. The Authority also added that the Bloomberry subsidiary’s proposal has already been forwarded to the Office of the President.

According to information released by TIEZA, President Duterte had not objected to the proposed development and had also found that the cruise ship port project had been in line with the required permissions and environmental clearances. He, however, explained that he was to remain focused on his policy not to tolerate corruption, as well as to the policy of keeping local environment intact.

Several Governmental Departments’ Approval Needed

The company has explained that the proposal would need to get the green light from several governmental departments before construction works are given a start. Bloomberry has also confirmed that its proposed $308-million development is currently under evaluation with TIEZA. As the operator said, the final configuration and cost of the project would depend on the technical study of the requirements under the application, as well as on the approvals that the company would get from local regulators and of course, on the market demands.

The cruise ship port development is to include both marine and terminal facilities as well as expanded entertainment and pastime facilities, such as dining, retail and maritime recreation options that are to be situated at an expanded harbor area. According to TIEZA, the cruise port is to take about a decade to be built.

The first phase of the project, which has been estimated at $82 million and is expected to take approximately two years to start operation, would prioritize the key navigation components for the so-called Solaire Cruise Centre (SCC) and the construction of the homeport’s berth, as revealed by TIEZA. The latter also explained that the proposal should be applied to be classified as a Tourism Enterprise Zone.

This April, Bloomberry Resorts’ subsidiary Sureste Properties revealed that it had agreed to pay the amount of PHP37.33 billion for the two plots of land where its Solaire Resort and Casino is situated. The beginning of the year turned out to be quite successful for Bloomberry, as the latter reported a 71% net profit increase in the first fiscal quarter compared to the result posted a year earlier.

The post Bloomberry Resorts Applies for Cruise Ship Port Approval appeared first on Casino News Daily.

Wednesday, May 16, 2018 5:54 PM

Gaming Laboratories International (GLI®) Offers Proven Sports Betting Testing & Consultancy Services

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Gaming Laboratories International (GLI®) Offers Proven Sports Betting Testing & Consultancy Services

The proven sports betting and consultancy team at Gaming Laboratories International (GLI®) has been on this playing field for decades, providing jurisdictions with the game plan they need for success in this global sports-betting arena.

Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day

Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day
monmouth park

Monmouth Park CEO Dennis Drazin has targeted May 28 as the day the NJ racetrack's William Hill Sports Bar can take the state's first legal sports bet, but that might be wishful thinking.

The post Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day appeared first on .

Czech Republic Residents Increase Their Gambling Expenditure in 2017

Casino News Daily
Czech Republic Residents Increase Their Gambling Expenditure in 2017

Jindrich Voboril, the national drug coordinator of the Czech Republic, revealed that a total of 39.8 billion Czech crowns were spent by local citizens on gambling last year. The figure represented approximately a half-a-billion increase in comparison to the customer spending a year earlier.

As Mr. Voboril explained, one-third of the overall amount was spent by local customers on online gambling, with the amount accounting for a massive increase, since spending on iGaming services in 2009 represented only 3% of the overall amount. According to the national drug coordinator, the recent technological development has resulted in an enormous increase in the amount of money spent by Czech Republic’s residents.

The Prague Monitor, however, reported that Mr. Voboril raised a red flag about the possible risks that online gambling posed to children and young individuals. He further explained that prevention is necessary, especially in terms of online gambling. According to Mr. Voboril, whose tenure is to come to an end in July 2018, 1.5% of the country’s gambling tax revenues should be redirected to fund prevention and treatment of problem gambling behavior.

As reported by local media, his idea faced the opposition of the country’s Finance Minister Alena Schillerova. The latter explained that the Ministry is against any effort to guarantee certain chunks of the tax incomes for such purposes due to the fact that such projects’ funding should be considered at the time when the state budget is made. As far as fighting illegal gambling is concerned, Minister Schillerova said that the country is perfectly able to tackle gambling-related harm and explained that the competent authorities managed to reduce the number of gambling rooms from 6,400 to 1,200.

She also revealed that more money was spent by the Czech Republic on addictions prevention in 2017, with 175 million Czech crowns set to be spent in 2018. In comparison, the amount redirected towards addictions’ prevention was estimated at 95 million Czech crowns.

New Gambling Law Rolled Out in 2017

According to data provided by Helena Rampachova, who heads the Council of NGO Association, about 100,000 residents of the Czech Republic may be suffering from gambling-related harm or problem gambling behavior.

The information revealed by Ms. Rampachova showed that gambling is especially popular among middle-aged male citizens, who usually spend an amount in the range from 40,000 to 50,000 Czech crowns on gambling on a monthly basis. At the time when gambling addicts actually realized they were ready to fight their problem gambling behavior, usually have massive debts exceeding a million Czech crowns.

The year 2017 saw a new gambling legislation come into effect in the country. Under the new piece of legislation, foreign gambling operators’ entry in the Czech Republic’s market was allowed. Furthermore, the country also expanded its existing gambling sector by the addition of online gambling operations. Rules on issuing gambling licenses and companies’ monitoring and control were also included in the upgraded gambling legislation, while gambling advertising got restricted.

The local Government rolled out a 35% tax on so-called hi-tech games in January 2018, while the tax set on the remaining games amounts to 23% of their gross gaming revenue.

The post Czech Republic Residents Increase Their Gambling Expenditure in 2017 appeared first on Casino News Daily.

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