Saturday, June 30, 2018 6:27 AM

Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty

Casino News Daily
Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty

Mike Takayama became the Philippines’ first WSOP gold bracelet winner after outlasting the massive field of this year’s $1,000 No-Limit Hold’em Super Turbo Bounty. Aside from the gold piece, which Takayama said he had always dreamt about, the player also collected $198,568 in prize money.

The $1,000 buy-in event was played on Friday at Rio All-Suite Hotel & Casino. There were over 1,400 players to have registered when cards were thrown in the air and by the time registration closed, the field counted 2,065 persons to improve from last year’s 1,867-strong field.

A prize pool of $1,858,500 was generated and the top 310 runners left with a share of it. It is also important to note that being a bounty, the tournament awarded $300 to players for each fellow competitor they eliminated over the course of action.

The turbo format provided for quick action and great poker thrill. It took just a few hours for the 2,000-plus-person field to be reduced to the final nine who comprised the official final table. The final table itself was not a long ordeal. And it looked as if Takayama was very comfortable playing that final stage of the event.

Final Table and Heads-Up

Of all nine players left at the table, there were just two who had previously won gold bracelets from the series, with Jack Duong and Steve Jelinek being those two. Duong was eventually eliminated in eighth place, while Jelinek busted in fourth.

As for Takayama, the eventual winner was a fierce contender, playing aggressively and putting quite some pressure on his fellow final tablists. It really looked as if the player went all in more frequently than folding hands.

On two of these occasions, odds were all against him until the very last moment possible. Yet, despite all the dangerous situations Takayama put himself into, the player was the last man standing after the final hand of the day was dealt and after surviving his last all in confrontation against his Italian heads-up opponent, Lorenc Puka.

The final table lasted 49 hands, while Takayama took just ten hands to finish off Puka in their two-handed duel, despite the latter’s efforts. Puka manged to double through the eventual champion early in the match. However, he was offered no more chances to reduce the huge gap between him and his opponent.

Hand #49 of the final table turned out to be the tournament’s final one dealt, Takayama challenged Puka by moving all in and the Italian called. Takayama tabled [Kd][Jc] to Puka’s [Ad][4d]. The board ran out [5h][4h][Kh][10c][Jd] to deny the Italian player his first-ever title from the series. Puka collected $122,627 for his efforts that brought him that deep into the tournament. As for Takayama, he was ready to pose for a victory picture, celebrating his triumph and his homeland’s first WSOP gold bracelet.

The post Mike Takayama Wins 2018 WSOP $1,000 No-Limit Hold’em Super Turbo Bounty appeared first on Casino News Daily.

‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember

‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember
hard rock atlantic city

Months of preparation and speculation ended with a bang as Hard Rock Atlantic City and Ocean Resort Casino put on a show for AC on opening day.

The post ‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember appeared first on .

Friday, June 29, 2018 6:21 PM

Chinese Police Nab Another Illegal Gambling Ring

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Chinese Police Nab Another Illegal Gambling Ring

Chinese police busted an illegal online gambling ring in the city of Shenzhen, local news outlets report citing information provided by local authorities earlier today.

The Nanshan District police carried out on June 21 a raid that concluded with the arrest of seven individuals suspected to have conducted illegal sports betting services on the territory of China as the World Cup is in full swing in Russia.

Police seized computers and mobile phones believed to have been used by the illegal gambling ring to operate betting services. Local media reported that further probes will be carried out in relation to the latest detention of people suspected to be providing online betting services in a manner that breaches local regulations. It is believed that bettors serviced by the ring had managed to stake around CNY100 million (approximately $15.1 million) on World Cup matches.

This was not the first time raids were carried out in Shenzhen City in relation to the ongoing major sports event since it began on June 14 and even prior to that, as local police are stepping up efforts to prevent the illegal provision of gambling services across the nation.

Series of Raids

Earlier this month, a joint operation of Hong Kong and Mainland China police saw multiple raids taking place in a number of cities across China, including Shenzhen, to uncover illegal sports betting operations ahead of this year’s edition of the World Cup.

More than 20 locations were raided and 45 individuals aged between 24 and 62 were detained as they were suspected of offering illegal betting and gaming services. Police confiscated betting records for football and horse racing with a total value of HK$32 million (approximately $4.1 million).

To prevent illegal gambling operations from taking place during the World Cup, Hong Kong police and other law enforcement agencies announced earlier this year that bars and games centers across the city would be raided constantly during the major sports event and that there would be enhanced inspection across various control points. Most of the city’s anti-gambling operations kicked off about two months ahead of the World Cup in Russia.

Unlike other major markets across Asia, including Thailand and Malaysia, where online sports betting is illegal, Hong Kong has a framework regulating activities of this type. However, regulated betting entities in the special administrative region have long been complaining that their unlicensed rivals have been stealing customers creating a behemoth unsupervised market.

According to recent information provided by the Hong Kong Jockey Club, the amount of $68 billion could be staked illegally in the city during the World Cup. This is expected to cost Hong Kong more than $1.7 billion in betting revenue this year. The Jockey Club is among the entities to receive revenue contributions from licensed betting activities conducted on the city’s territory.

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Bingo is back: Market leader, Gala Leisure is to relaunch all its Gala Bingo clubs as Buzz Bingo with two-year £40 million investment plan

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Bingo is back: Market leader, Gala Leisure is to relaunch all its Gala Bingo clubs as Buzz Bingo with two-year £40 million investment plan

Gala Leisure’s Clacton-On-Sea, Enfield and Falkirk clubs are among the first clubs to undergo transition to Buzz Bingo and will have their official launch party on Saturday

Macau Chief Executive Could Be Granted Powers to Close Casinos During Major Incidents

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Macau Chief Executive Could Be Granted Powers to Close Casinos During Major Incidents

The government of Macau launched Thursday a public consultation on a draft legislation that, if approved, would allow the special administrative region’s Chief Executive to order the closure of border check points and casinos in the event of “unforeseen public incidents”.

The public consultation will take place over 45 days and at three special public sessions. The government of Macau thus aims to gather public input in relation to the implementation of measures that would make it possible for competent authorities and other parties to act accordingly in cases of natural disasters, terror attacks, and different other public security incidents. The piece of legislation would replace an existing public security decree from 1992. Macau was still under Portuguese administration at the time.

Under the bill, Macau’s Chief Executive will have their powers extended in a manner that would allow them to order suspension of casino operations when a public incident of any sort and of major scope hits the special administrative region, known to be the only Chinese territory where casino gambling is legal and the world’s largest casino gambling hub.

The draft legislation also proposes the the Chief Executive be granted authority to close border check points in the event of public incidents of different nature. Under the bill, only the city’s Chief Executive would be able to exercise their extended powers and no other officials would be able to be delegated any such authority.

Four Categories of Incidents

The bill classifies different public incidents that could hit Macau in four main categories, with those being natural disasters, public health incidents, public security incidents, and major accidents. While it is very clear what the first category includes, the second one includes food safety incidents and epidemic outbreaks, the third one involves terror attacks, and the final one includes nuclear or traffic accidents, among others.

Spreading rumors about public incidents would also be considered a crime under the legislative piece. Individuals found to be spreading rumors for such incidents would face up to three years in prison. The public consultation will continue through August 11 and, as mentioned above, will include three special public sessions.

The draft legislation was put forward for discussions after Typhoon Hato hit the Chinese coast last August. The powerful tropical storm claimed more than 10 lives in Macau and left half of the special administrative region without electricity and water. Macau estimated that it suffered nearly $1.5 billion in economic losses as a result from Hato.

The massive incident also forced the city’s casinos to close doors. Despite the closures, the total gaming revenue for August 2017 recorded a growth of more than 20% from a year earlier, according to figures released by the Macau Gaming Inspection and Coordination Bureau.

The post Macau Chief Executive Could Be Granted Powers to Close Casinos During Major Incidents appeared first on Casino News Daily.

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms
NJ online sports betting

After weeks of speculation, Hard Rock Chairman Jim Allen confirms during the opening day ceremonies that a Hard Rock Atlantic City sportsbook and NJ online sports betting are in the cards.

The post Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms appeared first on .

Thursday, June 28, 2018 5:33 PM

Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

Casino News Daily
Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

The Pennsylvania Gaming Control Board slapped on Wednesday a $52,500 fine on Valley Forge Casino Resort for giving out excessive amounts of free slot play to high-volume customers in the period between 2015 and 2016.

The fine was the result from an investigation conducted by the state gaming regulator’s Bureau of Investigations and Enforcement. Gaming Control Board investigators found that unauthorized employees at the casino awarded free slot play in the period between 2015 and 2016. It was also found that authorized employees awarded free slot play beyond their limits of authorization, thus violating state gaming regulations.

The unauthorized and excess free slot play eventually resulted in the casino awarding amounts higher than the level approved by regulators, as noted by the Gaming Control Board in a Wednesday notice.

The regulator’s probe into the matter found that in 2015 and 2016, unauthorized staff performed 557 complimentary slot play transactions, with those being worth over $4000,000. As many as 170 customers received the comps and 80% of the money were awarded to 20 high-volume players, the Gaming Control Board revealed.

The transactions accounted to less than 10% of the total amount of $5.2 million the casino awarded in free slots play during the period reviewed by state regulators.

The casino said Wednesday that it has agreed to pay the fine. Michel D. Fabius, the lawyer who represented the gambling venue before the Gaming Control Board said that he was confident the transactions were carried out to real customers and there was a real business reason behind those.

Previous Fines

This was not the first time the gaming resort was nabbed by Pennsylvania regulators. Back in 2013, the property received a $200,000 fine after being found that it had offered Dining Club memberships through a special promotion of little or no financial consideration. However, under state gaming regulations, patrons are required to spend at least $10 at a casino complex in order to be admitted to its gaming floor.

It was announced late last year that Las Vegas-based gaming and hospitality company Boyd Gaming would acquire Valley Forge Casino Resort for the total amount of $280.5 million. Located in the King of Prussia, about 20 miles west of Philadelphia, the casino complex became Boyd’s first property in Pennsylvania. The fact that the state is home to the nation’s second largest commercial gaming industry was among the factors that encouraged the company to seek expansion of its footprint there.

The Gaming Control Board gave the nod to the transaction in April. During the hearing before the gaming regulator, the casino’s new owners said that they would look to expand its existing offering with online gambling services. Boyd is no stranger to remote gaming, as prior to selling its 50% stake in Atlantic City’s Borgata, the company had participated in the operation of its online casino.

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This is Spinal Tap online slot game -- BLUEPRINT GAMING

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This is Spinal Tap online slot game -- BLUEPRINT GAMING

UK-based game studio Blueprint Gaming is turning excitement levels up to 11 with its latest release, This is Spinal Tap.

It Appears North Jersey Casinos May Still Have A Few Friends In The Garden State

It Appears North Jersey Casinos May Still Have A Few Friends In The Garden State
North Jersey casinos

An NJ lawmaker reintroduced a piece of legislation that would allow North Jersey casinos. The move is a curious one, if for no other reason than enthusiasm for Atlantic City casinos is at incredible highs.

The post It Appears North Jersey Casinos May Still Have A Few Friends In The Garden State appeared first on .

BRYKE Increases Its Presence In Golden Lion Casinos Installing More Machines

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BRYKE Increases Its Presence In Golden Lion Casinos Installing More Machines

Zitro has come to an agreement with Mexican operator, Golden Lion Casinos, to provide a large number of machines with new and sensational progressive banks in all of its venues

Wednesday, June 27, 2018 5:36 PM

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort
opening day atlantic city

June 28 will be the most significant day in recent AC history as Hard Rock Atlantic City and Ocean Resort Casino open their doors at long last. Here's a breakdown of what to expect on opening day.

The post You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort appeared first on .

Malta Pushes New Gambling Law’s Implementation Back by a Month

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Malta Pushes New Gambling Law’s Implementation Back by a Month

Malta is set to postpone the implementation of its new gambling law to August 1, 2018, the Malta Gaming Authority (MGA) said in a statement from earlier today.

The gambling regulator further pointed out that a recently issued Detailed Opinion by the European Commission (EC) as well as comments by the EC and by another EU Member State have necessitated the delay in the finalization of the new regulatory framework’s implementation process. It is understood that the Detailed Opinion has extended the standstill period during which the new law cannot take effect to July 16, 2018.

The MGA’s statement further reads that the Maltese government and the regulator itself will need time to review and address the comments and recommendations made by the EC and the Member State to ensure the smooth implementation of the nation’s new Gaming Act.

Malta’s new gaming regulatory framework was tabled in the country’s Parliament earlier this year and was sent for review by the EC on March 14. It was previously expected that the new regime would take effect on July 1, provided that it survives the three-month standstill period.

New Licensing System

Generally speaking, the new Gaming Act aims to replace Malta’s current legislation and is particularly focused on the licensing and provision of gambling services. Once it takes effect, the new law would simplify the current gambling licensing system by introducing just two categories of licenses – a B2B one and a B2C one. Gambling companies are currently required to obtain different licenses for the different types of services and products they are providing.

Malta’s new Gaming Act represents the first revision of the nation’s gaming law in fourteen years. The amendments were initiated by former MGA Executive Chairman Joseph Cuschieri, who assumed the post of CEO of the Malta Financial Authority earlier this year. Mr. Cuschieri’s vacated spot at the gambling regulator was later on assumed by MGA Chief Operations Officer Heathcliff Farrugia.

Aside from the new licensing system, the new gambling law also aims to extend MGA’s powers over the regulation of the nation’s rapidly growing online gambling sector. The regulatory body will thus be able to roll out stricter regulations and tools for combating money laundering, terrorism financing, and other financial crimes often associated with the gaming and sports betting industry.

The newly set August 1 date for the implementation of Malta’s new Gaming Act will affect remote gambling operations. It was previously announced that the portion of the new law that concerns land-based businesses would take effect on January 1, 2019. It is yet to be seen whether that date would remain unchanged.

Another important provision in the new regulatory regime would exempt B2B gambling service providers from taxes. That particular language aims to further cement Malta’s already established reputation of a major tech hub and a nation that is open to new technologies and innovation.

The post Malta Pushes New Gambling Law’s Implementation Back by a Month appeared first on Casino News Daily.

Confetti Casino mobile app -- FORT MASON GAMES

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Confetti Casino mobile app -- FORT MASON GAMES

Fort Mason Games' new mobile app Confetti Casino offers free to play Vegas-style slots games.

Hard Rock Atlantic City Will Open With A Guitar Smash But Not Sports Betting

Hard Rock Atlantic City Will Open With A Guitar Smash But Not Sports Betting
guitar smash

When the new Hard Rock Atlantic City opens June 28, it will have everything in its place except NJ sports betting. A Hard Rock AC sportsbook isn't in the cards for opening day.

The post Hard Rock Atlantic City Will Open With A Guitar Smash But Not Sports Betting appeared first on .

Tuesday, June 26, 2018 6:27 PM

IGT Secures Multi-Product Systems and Games Agreement with Ocean Resort Casino

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IGT Secures Multi-Product Systems and Games Agreement with Ocean Resort Casino

Atlantic City’s newest casino to open with IGT Advantage casino management system and player-favorite IGT games such as Wheel of Fortune and Fort Knox Video Slots

Brandon Shack-Harris Leads 6 Into 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship Finale

Casino News Daily
Brandon Shack-Harris Leads 6 Into 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship Finale

The $10,000 Pot-Limit Omaha 8-Handed Championship or Event #49 on the schedule of this year’s WSOP is just a day away from crowning a victor and there are six players left in contention for the title, the gold bracelet, and the first-place prize of $1,018,336.

The event was originally scheduled as a three-day one, but with six players still playing the final table, organizers extended action into an additional fourth day. The final six are set to return today at the host venue, Rio All-Suite Hotel & Casino in Las Vegas, to play down to a champ.

There are five former gold bracelet winners still in the mix for the prestigious title. The six hopefuls will be led by one such former gold bracelet winner. Brandon Shack-Harris, who had previously captured two gold pieces, one of which from the same event back in 2016, bagged and tagged 7.73 million in chips last night to find himself atop the Day 3 end-of-the-day chip counts chart.

Shack-Harris already has 30 WSOP in-the-money finishes under his name. The player has collected more than $2.8 million in those. Being one of the final six in the Pot-Limit Omaha Championship means that he would cash no less than $157,097 from the tournament.

Winning the largest pot of the event so far really helped Shack-Harris rocket himself to the top. The player won a hand against Canada’s Mike Leah that secured him with a massive double in the final level played on Day 3.

The Final Pack

As mentioned above, Shack-Harris is not the only former gold bracelet winner that is vying for the Pot-Limit Omaha 8-Handed Championship as there are four more such players still in contention. And six-handed play will be rounded out today by a WSOP Main Event finalist.

Two-time gold bracelet winner Ryan Hughes collected the second largest stack last night. The player will thus enter the final day of action with 5.14 million.

Loren Klein, yet another two-time gold bracelet winner, ranked third in chips last night with a stack of 4.24 million. Rep Porter will be seeking to win his fourth gold piece from the WSOP later today. The player will enter the final stage of the tournament with a stack of 2.68 million.

Jerry Wong, who finished 8th in the 2016 WSOP World Championship for over $1.1 million, will be aiming for his first gold bracelet with a start-of-the-day stack of 2.15 million. The final table will be rounded out by one-time gold bracelet winner Scott Bohlman with 1.855 million.

Final day action is set to resume today at 2 pm Las Vegas time at the host casino. The six finalists will play down to a champion.

Overall, the Omaha championship event attracted 476 entries who generated a prize pool of $4,474,400. The top 72 places pay, with min-cashes starting from $14,969. As mentioned above, each of the six finalists is guaranteed a minimum payout of $157,097.

The post Brandon Shack-Harris Leads 6 Into 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship Finale appeared first on Casino News Daily.

Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch

Casino News Daily
Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch

A poster child of the Las Vegas Great Recession crash and burn, the unfinished Fontainebleau casino resort is now expected to bring life to an underdeveloped but what investors consider a very promising section of the Strip.

The property’s owner, real estate developer Steven Witkoff, provided this weekend updates on the ambitious project for the completion and planned 2020 launch of the complex. Mr. Witkoff participated in an event at the Southpoint Casino over the weekend. Tax reform was the main focus of the event, which was also attended by US President Donald Trump, a former casino owner himself.

Mr. Witkoff said that the Trump administration’s tax incentives were one of the factors that contributed to his decision to purchase Fontainebleau and hopefully turn it into a successful operation.

Construction work on the property is planned to begin next July. It is believed that the hotel and casino resort will be ready to swing its doors open in 2020 after more than 13 years of on-and-off planning about its eventual launch.

The plan for Fontainebleau Las Vegas was originally announced in the spring of 2005 and construction was expected to begin in 2006. The property was supposed to become operational by 2008. After certain delays, construction eventually began in February 2007 but was stopped two years later. The property has remained unfinished since then.

Mr. Witkoff and his Witkoff Group bought Fontainebleau last summer together with investment firm New Valley LLC for $600 million. The businessman has previously said that the property was so well-conceived that they would be able to both materialize its original concept and place their own imprint from a design point of view.

The Drew Las Vegas

Mr. Witkoff announced earlier this year that Fontainebleau will be renamed as The Drew Las Vegas. The property is located in the northern end of the Las Vegas Strip. The area had not seen that much of casino resort development activity in the past, but that has changed rapidly as, aside from the Fontainebleau project, Malaysia casino and hospitality giant Genting Group is building its Asia-themed Resorts World Las Vegas not far from Mr. Witkoff’s property. Genting’s own resort is, too, slated to open doors in 2020.

The businessman said during this weekend’s event that construction on The Drew would create 3,500 jobs. More than 7,000 jobs are expected to be generated once construction is complete, he added, receiving applause for his ambitious plan.

Under original ideas, the property was also planned to feature a massive convention facility, which analysts believe is part of Mr. Witkoff’s plan, as well. The Drew is expected to offer several dozens of food and beverage and retail facilities, among others, once fully operational. The amount of $3 billion will be invested in the project, The Drew’s owner pointed out this weekend.

International hospitality powerhouse Marriott will operate all three hotels at the property. The Drew will have a total of nearly 4,000 hotel rooms.

President Trump said he believed in the project’s success under Mr. Witkoff’s leadership. The nation’s top official himself said that he had once considered buying Fontainebleau.

The post Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch appeared first on Casino News Daily.

Monday, June 25, 2018 11:57 PM

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors
Meadowlands nj sports betting

With New York just a few steps away, Meadowlands Racetrack plans to open its Betfair-powered sportsbook on July 15 and reap rewards of legal NJ sports betting.

The post Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors appeared first on .

SG Digital Advances Sportsbook Platform Approval in the United States

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SG Digital Advances Sportsbook Platform Approval in the United States

LAS VEGAS, June 25, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announced today that its SG Digital division has successfully completed pre-compliance testing of its OpenBet™ Sportsbook Retail Platform against the "GLI-33: Event Wagering Systems" draft standard and Mississippi Gaming Commission's proposed sports and race pool regulation. 

Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em

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Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em

Timur Margolin from Israel became the latest member of the WSOP’s club of gold bracelet winners. The player bested a pack of 1,248 tournament entries in the $2,500 No-Limit Hold’em or Event #43 on the schedule of this year’s edition of the series.

Margolin collected a hefty payout of $507,274 in addition to his first shiny WSOP gold bracelet. The player emerged as the victor after roller coaster four days and after clashing against some of poker’s big names, including six-time WSOP bracelet winner Chris Ferguson who has been making quite a comeback on the live tournament scene after a five-year hiatus.

The player disappeared from the felt after being indicted for his involvement with the Full Tilt Poker and for allegedly running a Ponzi scheme that saw nearly $450 million in customer money being paid out to directors and owners of the poker room. It took seven years before Ferguson finally addressed the issue and offered an apology to those affected.

In the $2,500 No-Limit Hold’em tournament, Ferguson finished fourth for $161,371. The player was denied a seventh WSOP gold piece namely by the event’s eventual winner. Margolin won a massive pot against Ferguson during four-handed play. It took the Israeli poker pro just a few more hands to send Ferguson to the rail.

Final Day of Play

Margolin’s road to victory was quite bumpy, particularly on the final day of play. Action was supposed to take place over three days, but was extended into an additional fourth one. That last day of play started with six remaining hopefuls. They were led by Ferguson who held 5.68 million in chips when cards were thrown in the air. Margolin was second in chips at the time with 3.52 million.

Ismael Bojang with 2.61 million, Michael Marder with 1.765 million, Dylan Linde with 1.33 million, and Ryan Laplante with 700,000 were the other four players still in contention.

Day 4 action saw the chip lead exchange hands on multiple occasions. The start-of-the-day field ultimately got whittled down to just two survivors, Margolin and Bojang. The duel began with the former holding a massive chip advantage over the latter. Margolin had accumulated a stack of nearly 12 million by that point to his last opponent’s 3.68 million.

Bojang did not waste time once the match began and quickly doubled up to reduce his disadvantage. He then emerged as the chip leader just as quickly and extended his lead methodically.

However, Margolin regained his momentum and retook the lead within the span of just a couple of hands. The player’s hardships were far from over, though, as Bojang scooped the lead once again a few hands later. It seemed that the mad race would never end.

The chip lead was swinging back and forth and then again, until Margolin reclaimed it one final time to never look back. Hand #158 was the final one to be played at the final table and the 23rd to be played within the heads-up match between Margolin and Bojang.

It saw Bojang shove for 4.41 million pre-flop with [Ac][2c] and Margolin snap-call with [Kc][Qs]. The board ran out [Ks][5s][4s][Qh][8d] to help Margolin claim the title and send his final opponent to the rail for a consolation prize of $313,444.

The post Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em appeared first on Casino News Daily.

Leading UK touchscreen entertainment provider launches cheat-proof quiz app

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Leading UK touchscreen entertainment provider launches cheat-proof quiz app

The UK pioneer in touchscreen entertainment has launched ‘Pronto’, a revolutionary interactive quiz app that’s set to erase serial cheaters for good.

Sunday, June 24, 2018 12:27 PM

Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Casino News Daily
Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Three days ago, Nicholas Seiken, a real estate broker from Texas, entered his first-ever standalone 2-7 Triple Draw event to eventually take it down, battling and outlasting a pack of seasoned pros. Late last night, the player joined the club of WSOP gold bracelet winners as he remained the last man standing in this year’s $10,000 Limit 2-7 Lowball Triple Draw Championship.

Seiken also collected $287,987 for outstanding performance in a game he did not have that much experience.

The tournament drew 109 entries, including a number of Triple Draw experts. Farzad Bonyadi, a three-time gold bracelet winner, was among the notables to enter the tournament. It is interesting to note that Bonyadi’s mother, Farhintaj, became the first female winner of this year’s edition of the series just a couple of days ago. She bested the field of the $1,000 Super Seniors.

Despite his effort, Bonyadi could not claim the Triple Draw Championship title last night and add another gold bracelet to his already impressive collection.

Aside from Seiken and Bonyadi, the final day of the tournament kicked off with 11 more survivors. Quite some of the remaining players struggled quite a bit throughout the day. But it looked as if Seiken, a player with significantly less experience than some of his remaining opponents, navigated through that final stage of the game very successfully.

Final Table and Heads-Up Play

By the time the official six-handed final table was set, Seiken had already built quite a stack. The player entered that final stage of the game as the chip leader with a significant lead over the next in line, who happened to be Bonyadi.

The eventual winner had 1.661 million in chips at that point to Bonyadi’s 943,000. Seiken seemingly had an easy run at the final table. In his post-victory interview, the player said that being the chip leader helped him a lot against the plethora of experienced players he was facing and he did not take much risk that would have cost him that advantage.

The only time the player lost the lead for a very short while was during three-handed play, when Randy Ohel replaced him at the top of the chip counts chart. Seiken himself admitted that he got a bit worried by Ohel’s short momentum.

Eventually, the player regained the lead, eliminated Kristijonas Andrulis in third place to cement his leading position and headed into heads-up against Ohel with a 3-2 advantage. The structure of the tournament allowed for a longer heads-up, but Seiken finished off his final opponent relatively quickly over the span of a 45-minute duel, which concluded with Ohel heading to the payout desk for a second-place prize of $177,992.

The 109-strong field of the championship tournament generated a prize pool of $1,024,600. The money was split into portions for the top 17 finishers, min-cashes starting from $14,864.

Following his latest triumph, Seiken told WSOP staff that while he is completely done with No-Limit Hold’em, we will be seeing more of him at the tables of mixed-game tournaments.

The post Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship appeared first on Casino News Daily.

Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

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Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

Betfred founder Fred Done received a £10.2 million dividend, as the company is gearing up for massive lay-offs and betting shop closures following the UK government’s recent announcement that it intends to crack down on the nation’s gambling machines sector.

Betfred reported a pre-tax loss of £18.1 million for the year ended September 24, 2017, down from a £32.4 million pre-tax profit from the previous year. Despite the decline, Mr. Done, whose net worth is estimated to be around £1.4 billion, received the same dividend as he did a year earlier.

Mr. Done and his brother, Peter, founded Betfred back in the 1960s. The bookmaker has grown into one of UK’s largest privately-owned gambling companies since then. It currently operates the nation’s third largest chain of betting shops with a total of 1,666 facilities.

The UK government confirmed last month that it would crack down on the highly controversial fixed-odds betting terminals by cutting the maximum stake the machines accept to just £2 from £100. The announcement caused a wave of protests from industry stakeholders as the maximum stake reduction would cost operators of such devices, Betfred included, hundreds of millions of pounds of gross gambling yield.

Mr. Done said last month that the crackdown could force them to close around 900 of their high street betting shops and lay off up to 4,500 workers. Reports emerged last month that the businessman was considering a judicial review in a bid to overturn the government’s decision to roll out a clampdown on the machines that campaigners have been describing as the “crack cocaine of gambling”.

Following last month’s announcement, Betfred Managing Director sent an email to staff, urging them to lobby MPs to oppose the crackdown, as the reduced stake would have a major impact “on the viability of a number of [the company’s] shops”.

It was understood earlier in June that under a reported agreement between the UK government and bookmakers, the FOBTs stakes might not be reduced before 2020.

Tote Sale

Betfred’s operations also include an online gambling platform, which the company will probably seek to boost in an attempt to offset the losses incurred by the FOBTs clampdown, as well as the Tote racing pool business.

The bookmaker acquired that latter business in 2011. The deal came with a seven-year monopoly over the provision of pool betting services across British racecourses. The monopoly expires this year and another operator, Britbet, is expected to assume control of racecourse pools across 55 major courses.

Reports surfaced earlier this year that Mr. Done was looking to sell the business and a deal was announced earlier this month. Betfred agreed to sell its pool betting operation to the Alizeti consortium, which includes racecourse owner and breeder Alex Frost. The consortium took an initial 25% share in the business with an option to buy the remaining 75% within the next three to five years. The deal could be worth around £150 million.

The post Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs appeared first on Casino News Daily.

Saturday, June 23, 2018 11:48 AM

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