Wednesday, January 31, 2018 10:54 PM

Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing

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Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing

An on-and-off Academy Award winning actor, frontman of 30 Seconds to Mars, the band holding the Guinness record for the longest concert tour with 309 concerts, and a tech investor, Jared Leto also seems to have familiarized himself with the bitcoin craze as he has recently joined the growing debate over the nature of cryptocurrency investing.

In an interview with Australian radio station Nova, Leto presented his opinion on the matter, slamming bitcoin investing as gambling. The multi-faceted artist warned future investors against putting their money into bitcoin. He called cryptocurrency investing gambling and speculation, and went on to say that the activity is not something a person who could not afford to lose their money should delve into.

Leto’s comments come at a time when bitcoin and those investing in it are having a bit of a hard time. The virtual currency’s price reached an all-time high of $19,343.04 in mid-December, but growing regulatory pressure from different parts of the world and other factors resulted in its price dropping significantly overnight, spurring fears that any investor’s worst nightmare of a bubble burst could come true. At the time of writing, bitcoin’s price stands at $10,083.85, up slightly from earlier today when it tumbled to $9,748.53.

While we cannot say whether Leto’s knowledge is extensive enough, it should be noted that his opinion about the gambling-like nature of cryptocurrency investing is shared by many financial experts and analysts.

Regulators’ Stance on Cryptocurrency Investing

Due to the volatility of bitcoin and altcoins’ prices, investing in these has often been referred to as gambling. The Bank of Canada has recently become the latest financial institution to join the debate over the proper definition of cryptocurrency investing.

In an interview with business news outlet CNBC, Canada’s central bank governor said that bitcoin investing is gambling and not actual investing. The official further pointed out that the Bank of Canada will be working with regulators from different parts of the world for crafting regulations aimed to put limitations on certain aspects of cryptocurrency investing and trading.

While digital currencies and investing in those are considered a form of gambling by many, actual gambling regulators have pointed out that they have no authority over the regulation of the activity. The Netherlands Gaming Authority was one such regulatory body to comment on the matter. The regulator said in a statement that under the country’s current gambling regulations, cryptocurrency investing cannot be defined as any form of gambling and it thus does not fall under its purview.

The Actual Link between Cryptocurrencies and Gambling

The potential of digital currencies has been spotted by the global gambling industry. A number of online gambling operators have added cryptocurrency transactions to their lists of available payment options, and many more are expected to follow suit. Generally speaking, cryptocurrencies allow a relative anonymity, cutting out banks and other third-party financial institutions.

The UK Gambling Commission has been among the regulators to acknowledge the use of bitcoin and altcoins for gambling-related transactions, as long as these are conducted between UK gambling customers and UK-licensed operators. However, the regulator has warned of the risks of transactions of this type.

The post Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing appeared first on Casino News Daily.

Aristocrat’s Dragon Link™ showing much eastern and western promise

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Aristocrat’s Dragon Link™ showing much eastern and western promise
Aristocrat Technologies’ new Dragon Link™ game, being launched to European markets on Stand S3-250 at ICE, has received further endorsement for its crowd-pleasing abilities following publication of the latest Eilers- Fantini Quarterly US Slot Survey

What Will The Ocean Resort Casino NJ Online Gambling Site Look Like?

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What Will The Ocean Resort Casino NJ Online Gambling Site Look Like?
ocean resort casino online gambling site nj GAN

Ocean Resort Casino and GAN plan to launch an online gambling site in NJ, and we can predict a few things that the former Revel's new site will include.

The post What Will The Ocean Resort Casino NJ Online Gambling Site Look Like? appeared first on NJ Gambling Sites.

A.J. Kelsall Ends WPT Borgata Winter Poker Open Championship Day 2 as Overnight Chip Leader

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A.J. Kelsall Ends WPT Borgata Winter Poker Open Championship Day 2 as Overnight Chip Leader

The WPT Borgata Winter Poker Open Championship completed one more day on its schedule. It can be said that for yet another year, the event proved utter success with its high attendance.

The tournament attracted a field of 1,244 entries who put the guaranteed prize pool of $3 million well in the rear. After registration closed at the end of Level 2 on Day 2, organizers announced that as many as 156 lucky players will split a prize pool of $3,967,000.

Day 2 of the tournament, played on Tuesday at the Borgata Casino in Atlantic City, kicked off with 548 hopefuls from the two starting flights. Two hundred and so more players joined them at the poker tables, taking advantage of the late registration option.

As it happens during WPT Main Tour Main Events, it was an action-packed day. By the time all scheduled levels were completed, the start-of-the-day field was reduced to just 159 contenders. In other words, the remaining field is just three eliminations away from bursting the money bubble.

A.J. Kelsall ended up as the overnight chip leader with a stack of 768,500 in chips. Here it is interesting to note that the player managed to build that stack from a start-of-the-day one worth around 38,000.

More about the Chip Leader

Kelsall boasts live poker bankroll of more than $1 million, cashed over the course of nearly 17 years and from more than 100 live tournaments. The Florida resident entered the Borgata Winter Poker Open Championship fresh from a fifth-place finish in the Lucky Hearts Poker Open WPTDeepStacks $1,100 Main Event, from which he collected $56,239.

As mentioned earlier, Kelsall entered Day 2 of the WPT Borgata event with 38,000 in chips, which he multiplied into the largest stack at the end of the day. The player told WPT staff after play concluded for the day that he managed to win several extremely important hands that brought him 50,000 or 100,000, or even more. In addition, he did not lose any big hands throughout the day, which further helped him cement his position on top of the leaderboard.

Of his poker preferences, Kelsall said that he plays a little bit of everything, but does not think to be excelling in any of the different poker games. He further noted that he has been playing No-Limit Hold’em for quite some time now and that he does not enjoy it as much as he used to before. He named triple draw and razz some of his favorite poker games and noted that he enjoy playing these at the WSOP.

Day 3 action at the Borgata is slated to resume at noon local time. Organizers will fire things up by bringing in the Action Clock. As mentioned above, the money bubble is expected to burst shortly after the beginning of play. Min-cashes start from $6,129. As for the winner, they will cash $651,928 from the event.

The post A.J. Kelsall Ends WPT Borgata Winter Poker Open Championship Day 2 as Overnight Chip Leader appeared first on Casino News Daily.

Tuesday, January 30, 2018 11:15 PM

Casino Giants Register Interest in Cairns Global Tourism Hub Plan

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Casino Giants Register Interest in Cairns Global Tourism Hub Plan

Major casino companies have registered interest in participating in a project for the construction of a A$1-billion integrated resort in the city of Cairns, the Queensland government said earlier today.

The Global Tourism Hub scheme was introduced last fall. It involves the construction of a multi-purpose complex with a casino as well as a number of accommodation, food and beverage, retail, and entertainment facilities. Under the original proposal, the resort could be built on a four-hectare state-owned site at the city’s port. However, MPs said last year that it can technically be located anywhere within a 70-kilometer radius from Cairns.

The Queensland government opened a Registration of Interest process on October 30, 2017, and interested parties had up until January 23 to submit their responses.

It became known earlier today that over 12 registrations were submitted, and some of them came from several globally renowned casino operators. The government said that it would not reveal the applicants for commercial-in-confidence reasons. However, it pointed out that registrations included a mix of state, national, and foreign casino brands.

Local media reported that officials were encouraged by the overwhelming interest in the A$1-billion project, particularly given the fact that some of the world’s biggest casino companies have submitted their registration of interest responses. MPs told media that their exceeded expectations were a good indication that their choice of Queensland’s Tropical North as the preferred home to the future development was the right one.

The proposal for the development of the Global Tourism Hub came as part of the Queensland government’s efforts to further boost the state’s tourism industry, which is believed to be worth A$25 billion and to be employing 200,000 people.

Who Might Have Registered Interest?

While the Queensland government has decided against naming the operators that were interested in building a casino as part of the Global Tourism Hub, we believe that Las Vegas giant Caesars Entertainment Corp. may be one of these. Last spring, the company revealed plans for geographical expansion. It said that it would explore opportunities to enter new markets once its main operating unit emerged from bankruptcy.

What is more, reports emerged last June that Caesars was interested in entering the Queensland casino market through a partnership with Chinese-backed group of investors ASF Consortium, which was picked by the government to develop the A$3-billion Gold Coast Integrated Resort. Several months later, the government rejected the plan, citing environmental concerns and general discontent among Gold Coast residents.

Cambodian casino operator NagaCorp may be another operator to have registered interest in the Global Tourism Hub scheme. Casino News Daily reported last August that the company, which currently operates the NagaWorld Hotel & Entertainment Complex in the Cambodian capital Phnom Penh, had set eyes on Cairns as a potential destination for its international expansion.

With the conclusion of the Registration of Interest process, the Queensland government is set to launch an Expression of Interest process for interested parties. It is also important to note that the government also undertook a community consultation last year. Members of the public are able to voice their opinion on the Cairns project until February 11, 2018.

The post Casino Giants Register Interest in Cairns Global Tourism Hub Plan appeared first on Casino News Daily.

Interblock Adds Seasoned Gaming Expert Paul Sheppard to North America Team

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Interblock Adds Seasoned Gaming Expert Paul Sheppard to North America Team

Paul Sheppard to Serve as Stadium Implementation Manager

NJ Gamblers Tell Ocean Resort Casino Owners How To Un-Revel The Revel

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NJ Gamblers Tell Ocean Resort Casino Owners How To Un-Revel The Revel
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Former customers of Atlantic City's Revel voiced complaints about the NJ casino's glaring weaknesses in hopes Ocean Resort Casino owners are listening.

The post NJ Gamblers Tell Ocean Resort Casino Owners How To Un-Revel The Revel appeared first on NJ Gambling Sites.

Fallout continues over Steve Wynn sexual misconduct allegations

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Fallout continues over Steve Wynn sexual misconduct allegations

Fallout over sexual misconduct allegations and the resignation of Steve Wynn as Republican National Committee fundraiser mounted Sunday as calls increased for lawmakers and groups to return contributions and disavow support.

Monday, January 29, 2018 10:42 PM

GAN Announces Plans For New Ocean Resort Casino NJ Gambling Site In 2018

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GAN Announces Plans For New Ocean Resort Casino NJ Gambling Site In 2018
GAN ocean resort casino nj online gambling site

International online gambling operator GAN announced plans to open an online casino for Ocean Resort Casino, the former Revel, in the first half of 2018.

The post GAN Announces Plans For New Ocean Resort Casino NJ Gambling Site In 2018 appeared first on NJ Gambling Sites.

Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors

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Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors

While PokerStars Team Pro seems to be thinning with each week passing, the case is exactly the opposite with its rival poker operator partypoker and its team of sponsored players. It was announced earlier today that German poker Philipp Gruissem has become the latter poker room’s newest brand ambassador.

The player is joining a growing team of sponsored players, which includes fellow countryman Fedor Holz, among a number of others.

With live tournament earnings of over $11 million, Gruissem is one of his homeland’s most successful poker professionals. And here it is important to note once again that over the past several years, Germany has turned into a superpower in the world of poker thanks to its players who have been dominating high roller fields for the past several years.

Gruissem, in particular, has been quite active on the high roller scene and has taken down an impressive amount of such tournaments, hence his bankroll. The player won his largest cash namely from a high roller event. Back in 2013, he topped the field of the WPT Alpha 8 London £100,000 No-Limit Hold’em, good for £862,400.

A year later, the German took down the EPT Season 10 Grand Final €25,500 High Roller 8-Max for another massive payout of €993,963. The player won the same event in 2017, this time for €485,135. Overall, he has cashed in 54 live tournaments over the course of his poker career, and as it can be seen some of his payouts have been quite impressive.

Gruissem has also been playing online for quite some time. In fact, the player has revealed that he won his first ever online tournament on partypoker under the ‘philbort’ screen name. He has also pointed out that it was this victory (which brought him $200) that encouraged him to learn more about the game and delve deeper into its particularities.

partypoker’s Expanding Team of Ambassadors

As mentioned earlier, the online poker room has expanded its Team partypoker significantly over the past two years, signing poker heavyweights such as Fedor Holz, Jason Koon, Dzmitry Urbanovich, and Kristen Bicknell, and now Gruissem.

On the other hand, PokerStars Team Pro, the team of sponsored players of partypoker’s rival online poker brand, has lost some of its big names. In fact, four players have parted ways with PokerStars since the beginning of the year, with those being Vanessa Selbst, Jason Mercier, Felipe Ramos, and most recently Bertrand Grospellier.

While the players have cited different reasons for their departure, it can be said that many of them have probably decided to end their contracts with the poker room, due to the wave of changes in its rewards program it has been rolling out for the past two years or so. Generally speaking, these changes are aimed at attracting recreational players while poker professionals consider them less friendly.

Isaac Haxton has been one of the most vocal critics of PokerStars’ new policies. The player was part of the poker brand’s Team Pro, but severed ties with it in early 2016, claiming that it had behaved “unethically”. It was announced last week that Haxton has too joined Team partypoker as ambassador for the poker operator.

The post Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors appeared first on Casino News Daily.

NOVOMATIC names Robert Dijkstra as VP of Business Development and Sales, Asia Pacific

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NOVOMATIC names Robert Dijkstra as VP of Business Development and Sales, Asia Pacific

To support the expansion of NOVOMATIC in Asia Pacific, the company has appointed Robert Dijkstra to lead business development and sales for the region. In this new position

GE2 Asia 2018 will Highlight all the Key Industry Segments

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GE2 Asia 2018 will Highlight all the Key Industry Segments

Global Gaming Expo (G2E) Asia, the must-attend marketplace for the Asian gaming-entertainment industry, returns this May to deliver a three-day showcase of leading-edge products, services and technologies.

Sunday, January 28, 2018 4:43 AM

Ben Lamb Wins Aussie Millions A$25,000 Challenge

Casino News Daily
Ben Lamb Wins Aussie Millions A$25,000 Challenge

Ben Lamb, a two-time WSOP Main Event finalist, triumphed in the Aussie Millions A$25,000 Challenge in the first hours of Sunday to scoop a payout of A$647,114 and an ANTON Jewellery ring after dominating action on the event’s second day.

Lamb locked the victory after he agreed on a deal with Jan-Eric Schwippert before the beginning of heads-up. The two players shook hands on splitting what had remained of the prize pool based on their chip counts and flipping blind for the ring and the title. Schwippert, one of the members of Germany’s group of high roller elites, collected A$597,765 for his runner-up finish.

The event attracted a field of 114 entries, who created a prize pool of A$2,736,000. The second and final day of the A$25,000 buy-in tournament began with 19 players returning at the tables of Crown Casino in Melbourne. They were led by Taiwanese poker star Kitty Kuo. The female poker pro has performed quite well in Asian-Pacific tournaments over the past several years and was looking for a first major title from the Aussie Millions. The player actually came really close to winning one last night, but eventually finished fourth for one of her career’s best cashes of A$246,240.

As the day progressed, the Day 2 field of 19 players was reduced to the final seven who gathered around an unofficial final table. Schwippert was the chip leader at that point, followed by Lamb. It can be said that action during the final day of the event was marked by these two’s attempts to outrun each other.

Lamb’s Final Move to Victory

As mentioned above, Lamb and his German opponent were the last men standing in the field. Instead of engaging in what could have been a rather long heads-up duel, the two players agreed to split the remaining money and to flip blind for the title.

On the final hand in play, Lamb’s [Qc][Jc] faced Schwipper’s [10s][4h]. The board ran out [2c][9s][3c][3d][7h] to secure Lamb with the title and the champion’s ring.

In his post-victory interview, Lamb said that the six-handed format was his favorite, and he really enjoyed playing the A$25,000 Challenge. At this time of the year, the player usually participates actively in the PCA and skips the Aussie Millions. However, it was a bit different this year. Lamb decided to play in the PCA for just a week, and then he traveled to sunny Australia for Crown Melbourne’s big annual festival.

Including his latest live poker accomplishment, Lamb now has more than $8.8 million in tournament earnings. As mentioned earlier, the player played at the final table of the WSOP Main Event two times. In 2011, he finished third in the massive event, good for $4,021,138. Last summer, Lamb collected $1 million after took ninth place in the $10,000 Championship.

The post Ben Lamb Wins Aussie Millions A$25,000 Challenge appeared first on Casino News Daily.

Saturday, January 27, 2018 4:35 AM

Bertrand “ElkY” Grospellier Leaves PokerStars Team Pro

Casino News Daily
Bertrand “ElkY” Grospellier Leaves PokerStars Team Pro

French poker pro Bertrand “ElkY” Grospellier has reportedly left PokerStars Team Pro, poker news outlet PokerFuse reported citing unnamed industry sources. The Frenchman thus became the fourth sponsored professional to leave the poker operator’s cluster of stars, who are promoting its brand globally, since the beginning of the year, with Vanessa Selbst, Jason Mercier, and Felipe Ramos being the other three.

While PokerStars is yet to confirm Grospellier’s departure, PokerFuse has pointed out that his picture and bio had been removed from the online card room’s official website. It is also still unknown why ElkY has decided to leave PokerStars’ team of sponsored players, but many would suggest that this might have to do with the multiple tweaks the poker operator has introduced in its rewards program over the past several years.

Many players, who have been playing poker for years, have complained about PokerStars depriving them of privileges they have earned through countless hours of playing. Indeed, the poker room’s focus has recently shifted towards attracting more recreational players to its online poker premises.

Who Is ElkY?

Prior to rising to fame in the poker world, Grospellier had made a name for himself as one of the world’s top eSports players. He then focused his attention to building a poker career. With live tournament earnings of more than $13.5 million, ElkY is his home’s country’s most profitable player of all time.

What is more, the Frenchman is one of the very few players to have accomplished the Triple Crown in poker. To be more specific, he has a WPT, a WSOP, and an EPT title in his massive portfolio of poker accomplishments. In 2008, Grospellier won the $8,000 PCA Main Event for $2 million in prize money. It was also in 2008 when the player won his WPT title. He bested the $15,000 buy-in Festa al Lago for $1,411,015. He has a gold bracelet from a WSOP Seven Card Stud Championship event he won back in 2011.

It is also important to note that ElkY is one of the world’s most accomplished online poker players, playing both in cash games and tournament events. In fact, he was the first online player to reach PokerStars’ Supernova and Supernova Elite statuses.

As mentioned earlier, three other Team PokerStars Pros parted ways with the online poker room since the beginning of the year. In a comprehensive post on Facebook, Vanessa Selbst, the world’s most profitable female poker pro, announced that she was retiring from professional poker to pursue other career opportunities. She thus ended her contract with the card room.

Jason Mercier followed suit, announcing that he had not renewed his contract with PokerStars. The player explained that he plans to spend more time with his wife, Natasha Mercier, who is also a professional poker player, and their newborn son. Judging by his statement, Mercier had parted ways with the poker room quite amicably, pointing out that he had spend wonderful eight and a half years as a sponsored player.

However, Felipe Ramos did not seem to have ended his contract with PokerStars in friendly terms. In a series of tweets, the Brazilian player joined the wave of discontent towards the poker brand’s new priorities.

The post Bertrand “ElkY” Grospellier Leaves PokerStars Team Pro appeared first on Casino News Daily.

Friday, January 26, 2018 10:45 PM

Not-So-Perfect TEN: The Story Of Atlantic City’s Revel Casino

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Not-So-Perfect TEN: The Story Of Atlantic City’s Revel Casino
Revel TEN NJ Casino timeline

The complete history of $2.4 billion Revel Casino in New Jersey, which was supposed to revolutionize gambling in Atlantic City, but went belly up.

The post Not-So-Perfect TEN: The Story Of Atlantic City’s Revel Casino appeared first on NJ Gambling Sites.

Biggest Aussie Millions Winners over the Years

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Biggest Aussie Millions Winners over the Years

The Aussie Millions Poker Championship is probably the biggest live festival to be taking place in the Southern Hemisphere on an annual basis. Over the years, the event has gained global popularity with the number and diversity of poker events it features and has attracted some of the world’s most popular and highly selective poker players.

This year the major poker series celebrates its 20th anniversary which will certainly elevate the spirits of both organizers and players who are planning to take part in the poker festivities at the host venue Crown Casino in Melbourne. To celebrate the recent start of the 2018 Aussie Millions, Casino News Daily has prepared a short list of some of the largest payouts awarded to players over the past two decades.

Phil Ivey

Phil Ivey previously made history at the Aussie Millions. He became the only player to ever win three A$250,000 Challenges, an event that dropped from the 2018 schedule of the festival due to lack of interest last year.

Ivey won the tournament in 2012, 2014, and 2015, scooping a total of $8.205 million for his three triumphs. The 2012 edition of the event drew 16 entries, who created a prize pool of A$4 million. Ivey collected half of that amount.

In 2014, the popular poker pro took down the largest ever A$250,000 Challenge for A$4 million. The event had 30 entries and 16 re-entries. The massive interest generated a prize pool of A$11.27 million, which made the event the largest one to have taken place over the festival’s twenty years of running.

Erik Seidel

Seidel, yet another of poker’s heavyweights, is too part of the biggest Aussie Millions winners club. The player won the inaugural A$250,000 Challenge in 2011. He collected a nice payout of A$2.5 million for his efforts. It is also important to note that he beat a field of 20 entries.

The poker professional with live tournament earnings of more than $33.5 million also almost won an Aussie Millions Championship. The player finished second in the 2008 edition of the event. He was one of 780 entries to join the event’s field, and eventually made it to heads-up against Russia’s Alexander Kostritsyn. The Russian took down the Main Event, while Seidel scooped A$1 million for his deep run.

Sam Trickett

England’s most profitable poker player has too performed beautifully in several Aussie Millions tournaments over the years. He boasts a A$250,000 Challenge title as well as a A$100,000 Challenge one. Trickett captured his title from the A$100,000 event first.

He took down the high roller tournament back in 2011. The player collected the amount of A$1.525 million. That year’s edition of the A$100,000 Challenge attracted 38 entries for a prize pool of A$3.8 million. The Englishman was also the winner of the 2013 A$250,000 Challenge. The player emerged victorious from a field of 18 participants. His share of the prize pool totaled A$2 million.

Trickett’s current live poker bankroll exceeds $20.8 million. The player had his best cash ever back in 2012, when he finished runner-up to Antonio Esfandiari in the $1,000,000 buy-in Big One for ONE DROP.

Biggest Aussie Millions Main Event Winners

Australian players Stewart Scott, Tyron Krost, and David Gorr (pictured) were the ones to collect the largest payouts for winning the Championship event. They took it in that order in three consecutive years, and all three received A$2 million for their accomplishments.

Scoot took down the A$10,000 buy-in tournament in 2010. The player was the last man standing from a field of 746 entries. Krost beat a field of 721 fellow participants the next year. Finally, Gorr took down the event in 2012, emerging the victor from 659 entries.

This year, the A$10,600 Main Event is slated to kick off on Sunday, January 28, with the first of three starting flights. The tournament will be completed on February 4, when the official final table will take place.

The post Biggest Aussie Millions Winners over the Years appeared first on Casino News Daily.

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