Friday, August 31, 2018 6:00 PM

NFL Committee Decision Could Allow Hard Rock AC To Step Into NJ Sports Betting

NFL Committee Decision Could Allow Hard Rock AC To Step Into NJ Sports Betting
hard rock ac

Hard Rock International's naming rights deal on an NFL stadium may be why it has yet to open a sportsbook, but NJ sports betting may still be in the cards.

The post NFL Committee Decision Could Allow Hard Rock AC To Step Into NJ Sports Betting appeared first on .

West Virginia Quietly Becomes Fourth State to Launch Sports Betting

Casino News Daily
West Virginia Quietly Becomes Fourth State to Launch Sports Betting

West Virginia quietly became the fourth state to launch legal sports betting after the US Supreme Court struck down in May a federal ban on wagering on professional and collegiate sports leagues.

Hollywood Casino at Charles Town Races in Charles Town, West Virginia accepted yesterday its first bet, thus soft-opening its sportsbook. The casino’s wagering facility is operated by the US division of British bookmaker William Hill.

House Delegate Jason Barrett put the first bet on Thursday to participate in a historic moment for the state’s and the US gambling industry. Delegate Barrett placed $50 on the West Virginia Mountaineers to win the football national championship. He will win nearly $3,000 if that happens. The state lawmaker told local media that it was extremely easy to bet and that it really reminded him of betting on horse racing.

The General Managing Counsel of the West Virginia Lottery, Danielle Boyd, has confirmed the opening of the state’s first sportsbook and has pointed out that the despite the facility’s grand opening on Saturday, it is “officially open” now.

Hollywood Casino, which is owned and operated by Penn National Gaming Inc., will host a larger-scale opening ceremony for its sportsbook tomorrow at 11 am local time. A mobile app that will allow the casino’s patrons to wager while at the property via their mobile phones is expected to be rolled out in the next couple of weeks.

Commenting on the launch of their sportsbook, Hollywood Casino Head of Sports Erich Zimny told local media on Thursday that they are happy that West Virginia has jumped on the betting bandwagon quickly and has thus secured a competitive edge over neighboring Maryland.

A bill allowing sports betting at Maryland’s gambling venues was introduced last year but was voted down by legislators. It is believed that it will be reintroduced next spring. If it gains the necessary support in the state Legislature, it will then have to survive a statewide referendum in order to be enacted.

Exemplary Regulatory Framework

West Virginia was actually among the states that passed a legislative framework ahead of the US Supreme Court ruling in May that allowed individual states to legalize sports betting, if they felt inclined to do so. This facilitated the early launch of sports betting services at the state’s existing gambling facilities.

Commenting on the state’s wagering regulatory framework, Delegate Barrett said that it should be model for the rest of the nation and that he believes they have done it right.

According to preliminary estimates by the West Virginia Legislature, the state’s sports betting industry would contribute additional revenue of around $5.5 million to the coffers during the first year. However, a separate, Lottery-commissioned study presented a much more optimistic picture for additional revenue of between $9 million and $17 million.

Five of the state’s casinos have lodged interest in operating sportsbooks. They were all required to pay a $100,000 licensing fee. In addition, they will have to contribute a 10% tax on adjusted gross sports wagering receipts.

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

The post West Virginia Quietly Becomes Fourth State to Launch Sports Betting appeared first on Casino News Daily.

Florida Casino Amendment Sees Support from 71% of Likely Voters in Latest Poll

Casino News Daily
Florida Casino Amendment Sees Support from 71% of Likely Voters in Latest Poll

Amendment 3 will see support from 71% of Florida’s residents who are likely to cast their vote in the upcoming General Election in November, the results from a recently conducted poll show.

Spearheaded by the Voters in Charge organization, Amendment 3 aims to modify Florida’s existing law in a manner that will prevent any gambling-related decisions from being made by the state Legislature without those being approved by 60% of all voters first.

The latest poll on the matter, the results of which were published earlier this week, was commissioned by Voters in Charge and was conducted by Hill Research Consultants. The research firm interviewed 1,209 people in the period between July 18-24. Interviews were conducted online as well as via mobile and landline phones. Hill Research found that 71% of all respondents were likely to vote ‘Yes’ for Amendment 3, meaning that they would support control over gambling-related decisions to be handed to residents of the state. Of all interviewed individuals, 18% said that they would cast a ‘No’ vote.

A similar poll carried out by Hill Research in January showed relatively similar results. As many as 1,235 likely voters were interviewed back then and 76% said that they would support Amendment 3, while 19% responded that they would vote ‘No’.

Why Will Amendment 3 Probably Succeed?

According to analysts, Amendment 3 will likely succeed in the upcoming November vote for several important reasons. In the first place, Florida voters had long been the ones to decide on gambling expansion matters, following the legalization of certain gambling services in the state in the early 1900s. It has actually been only recently when lawmakers assumed full control over those decisions.

Amendment 3 has thus been promoted as a measure that would reinstate something that had previously belonged to the people of Florida.

In the second place, the proposed constitutional amendment is pretty straightforward and easy to understand what will change exactly if it gains the necessary support from more than 60% of all Floridans who cast a vote at the upcoming mid-term General Elections on November 6. To better illustrate this, here is the Amendment 3 ballot title and summary:

Voter Control of Gambling in Florida

This amendment ensures that Florida voters shall have the exclusive right to decide whether to authorize casino gambling by requiring that in order for casino gambling to be authorized under Florida law, it must be approved by Florida voters pursuant to Article XI, Section 3 of the Florida Constitution. Affects articles X and XI. Defines casino gambling and clarifies that this amendment does not conflict with federal law regarding state/tribal compacts.

Last but not least, Amendment 3 has two huge businesses as its main supporters. News emerged earlier this month that of the total amount of $27 million poured into the measure’s promotion, $26 million has come from Disney and the Seminole Tribe of Florida, which owns and operates a number of casinos through its Seminole Gaming and Hard Rock International entities. Both have no interest in any form of gambling expansion in the state due to competition concerns. They have thus teamed up to support the Voters in Charge’s cause and thus prevent any new gambling entities from being established to steal clientèle and cannibalize revenue.

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

The post Florida Casino Amendment Sees Support from 71% of Likely Voters in Latest Poll appeared first on Casino News Daily.

Thursday, August 30, 2018 5:45 PM

Nayong Pilipino Foundation Slams Corruption Allegations over Casino Project

Casino News Daily
Nayong Pilipino Foundation Slams Corruption Allegations over Casino Project

Nayong Pilipino Foundation officials once again denied corruption allegations and stressed on the legality of the foundation’s deal with Hong Kong casino resort developer Landing International Development that secured the latter with a land plot for the development of a $1.5-billion hotel and casino complex.

Philippine President Rodrigo Duterte fired earlier this month all members of the board of the state-run organization that was established back in the 1970s to run the Nayong Pilipino cultural theme park located in Pasay City in the Metro Manila area.

Earlier this year, Nayong Pilipino Foundation penned an agreement with Landing to lease the land previously occupied by the above-mentioned theme park for the development of an integrated resort with a casino floor, hotels, and multiple non-gambling entertainment options. The site is located within Entertainment City in the Manila Bay area and not far from where the Philippine capital’s three operational integrated resorts have been built.

The Hong Kong-based developer broke ground on the property earlier this month. However, President Duterte announced hours after the ground-breaking ceremony that measures will be taken to block the materialization of the mega-plan.

The Philippines’ top official said that the lease deal was flawed and “grossly disadvantageous” as the lease period was “ridiculously long” and the lease rates were too low. In addition, the members of the Nayong Pilipino Foundation were accused of corruption.

President Duterte also ordered the Department of Justice to carry out a review of the lease deal. DOJ officials announced earlier today that the probe was completed on Wednesday but refused to reveal more details about the department’s findings.

Nayong Pilipino Foundation Slams Corruption, Graft Allegations

In a written statement released across several local news outlets on Wednesday, the foundation said that it has followed “all procedural and legal requirements” before the project was launched and that its members were “falsely and maliciously accused” of corruption.

Under the terms of the deal between Nayong Pilipino Foundation and Landing, the latter agreed to lease the portion of land for a period of 25 years with an option for an extension of the deal for another 25 years. In his comments against the deal, President Duterte has pointed out that it was a ridiculously long one and granted Landing permission to use the land for a period of 70 years and operate a casino on it. And the official has repeatedly pointed out that no other casinos beyond the existing ones would be allowed in the country.

The foundation stressed that a 70-year lease period has never been discussed by the two parties and that the initial lease period could only be extended to 50 years if the Philippine Tourism Infrastructure and Enterprise Zone Authority classifies Landing’s development as a tourism project.

As for President Duterte’s comments that the lease price was too low, the foundation said that Landing has agreed to pay PHP360 per square meter per month for the 9.57-hectare property and to contribute 10% of the net profits from the three theme parks that are planned to be developed as part of the integrated resort, which effectively raises the lease price to PHP570 per square meter per month. The foundation’s statement further read that Resorts World Manila pays PHP156.66 per square meter per month for the 5.4-hectare site it occupies, a price significantly lower than what Landing has agreed to pay.

The post Nayong Pilipino Foundation Slams Corruption Allegations over Casino Project appeared first on Casino News Daily.

Playsugarhouse.com reports sportsbook trends

eGaming
Playsugarhouse.com reports sportsbook trends

Playsugarhouse.com sportsbook went live last Thursday, and reported that there are already some interesting trends to be seen.

Genting Malaysia 2Q net profit more than doubles

RSS
Genting Malaysia 2Q net profit more than doubles

KUALA LUMPUR (Aug 29): Genting Malaysia Bhd’s second quarter net profit more than doubled to RM395.71 million, from RM193.82 million a year earlier, aided by its Malaysian operations.

Wednesday, August 29, 2018 11:42 PM

Should Atlantic City Casinos Be Worried About Growing Competition From Nearby States?

Should Atlantic City Casinos Be Worried About Growing Competition From Nearby States?
chess competition

Outside gambling competition is an issue for Atlantic City casinos as East Coast markets that once funneled gamblers onto the Boardwalk expand.

The post Should Atlantic City Casinos Be Worried About Growing Competition From Nearby States? appeared first on .

NFL Club Owners Retain Stakes in DraftKings Despite Sports Betting Launch

Casino News Daily
NFL Club Owners Retain Stakes in DraftKings Despite Sports Betting Launch

The owners of two NFL clubs have not disposed of their stakes in daily fantasy operator turned bookmaker DraftKings as the new season is weeks away from kicking off and sports betting legalization efforts are gaining pace in multiple states.

Major US sports media outlet ESPN reported on Tuesday citing unnamed sources that New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones have not sold yet their stakes in the daily fantasy company, which recently launched a mobile sports betting app in New Jersey.

Both businessmen have small stakes in DraftKings, less than 5% each, sources have confirmed. Asked to comment on the matter, a Cowboys spokesperson has told ESPN that Mr. Jones indeed owned a stake in DraftKings but his ownership was through sports hospitality company Legends and not through the football team.

However, it turns out that both Mr. Kraft and Mr. Jones are not in a conflict of interest, or at least not yet. Brian McCarthy, a spokesman for NFL, has told ESPN that under existing policies of the league, members are allowed to own equity interest in a given business that does not generate more than a third of its overall revenue from gambling services.

Where Does DraftKings’ Betting Product Stands At?

At present, fantasy sports is DraftKings’ primary product. However, in a recent interview with Yahoo Finance, CEO Jason Robins said that it will not be long before the company begins deriving the majority of its revenue from sports betting. He added that they expect that to happen in the next two to three years, depending on “how fast the states roll out”.

DraftKings joined the US sports betting scene, which is gradually expanding with every day passing, at the beginning of August. The company launched a mobile wagering product in New Jersey, a result from its partnership with Resorts Casino Hotel. DraftKings Sportsbook actually became the state’s first mobile betting app. The product offers different types of betting, including in-game bets and pre-season betting, and makes it possible for bettors to exit a wager through a ‘cash out’ feature.

Gambling consultancy Eilers & Krejcik Gaming estimated that DraftKings’ revenue from daily fantasy sports stood at around $218 million in 2017. It is to be seen how much the company will generate from sports betting during the first month and throughout the rest of the year.

ESPN points out that should DraftKings’ betting revenue eventually lines up and eclipses its proceeds from daily fantasy sports, it will be a costly move for Mr. Kraft and Mr. Jones to dispose of their stakes in the company. Still, they will be forced to divest, under NFL’s current policies.

NFL has long been one of the biggest opponents of sports betting, arguing that it threatens the integrity of sports The football league is one of the four major US leagues that are seeking a share of the revenue generated by the nation’s sports betting industry in the form of an integrity fee, with NBA, NHL, and MLB being the other three.

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

The post NFL Club Owners Retain Stakes in DraftKings Despite Sports Betting Launch appeared first on Casino News Daily.

Online gambling firms remove restrictions on cash withdrawals

RSS
Online gambling firms remove restrictions on cash withdrawals

Two online gambling firms must now make it easier and fairer for players to withdraw their cash following CMA action.

Caesars Looking to Sell Rio All-Suite Hotel & Casino, According to New Round of Reports

Casino News Daily
Caesars Looking to Sell Rio All-Suite Hotel & Casino, According to New Round of Reports

For nearly a decade now, the Las Vegas rumor mill would, every once in a while, produce a story revolving around the potential sale of Rio All-Suite Hotel & Casino, which is currently owned by gaming and hospitality giant Caesars Entertainment Corp. and has been home to the World Series of Poker for more than a decade now.

A fresh round of reports about Caesars’ intention to sell the off-Strip Vegas casino emerged earlier this month. Las Vegas-based blog Vital Vegas said in a tweet early in August that an “insider” had confirmed that the casino operator had begun looking for a buyer for Rio and that it would bring the WSOP to Caesars Forum, a $375-million 550,000-square-foot convention center, it broke ground on earlier this summer and is slated to open doors in 2020 and become a premium Strip events destination.

The WSOP denied those reports shortly after. However, in a tweet from earlier this week, Vital Vegas said that their sources have informed them that the sale will happen and that three companies have expressed interest in buying Rio. Vital Vegas also pointed out that the WSOP will indeed move to Caesars Forum, despite previous denials.

Previously shared Rio sale rumor looks like the real deal. Caesars highly motivated to cut her loose, insider confirms three viable entities circling. Aftermath of sale will include move of WSOP to Caesars Forum convention center, despite denials.

— Vital Vegas (@VitalVegas) August 27, 2018

The WSOP has grown tremendously over the past several years. During the 2018 edition of the world’s longest-running tournament poker series, a record number of 123,865 entries registered into a record number of 78 gold bracelet events. In other words, the series could certainly make good use of a larger venue.

People familiar with Rio’s convention facilities know that the resort features 160,000 square feet of flexible convention and meeting space. Its Amazon and Pavilion ballrooms, where WSOP events are annually taking place, occupy 40,000 square feet and 50,000 square feet of space. As for Caesars Forum, developers have said that the convention center will offer 300,000 square feet of flexible space with two 108,000-square-foot ballrooms and two 40,000-square-foot ones.

Previous Sale Reports

As mentioned earlier, reports about Rio’s sale have been popping out for years. Most notably, Caesars was reported back in 2013 to have approached online poker operator PokerStars with an offer to sell its off-Strip hotel and casino resort. PokerStars Vice President of Corporate Communications confirmed those reports when approached at the time and also revealed that the online poker room refused the offer as it was not interested in buying another land-based casino.

Many expected that PokerStars might agree to buy Rio in order to be able to obtain an online gaming license in Nevada. However, the poker operator was looking to purchase another casino at the time. Online gambling was just legalized in New Jersey and PokerStars, hoping to enter that nascent market, was among the suitors circling the Atlantic Club Casino Hotel in Atlantic City. A deal between the poker room and the the owners of the now shuttered casino resort did not take place and it was not before the spring of 2016 that PokerStars finally entered New Jersey.

In 2014, pioneer entertainment journalist Robin Leach tweeted that a “major off-Strip hotel just sold for $400 million”. While he did not name the hotel, a thread in poker forum Two Plus Two suggested that Caesars might have reached a deal to sell Rio.

Despite the multiple reports over the years, the off-Strip property is still owned by Caesars. It is yet to be seen whether the case will be different this time.

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

The post Caesars Looking to Sell Rio All-Suite Hotel & Casino, According to New Round of Reports appeared first on Casino News Daily.

David Herbert Director of Non-Gaming Operations

RSS
David Herbert Director of Non-Gaming Operations

Leading casino operator Genting UK has launched a brand new, state-of-the-art Diamond Spins™ Video Slots game, developed by International Gaming Technology (IGT).

 

Tuesday, August 28, 2018 5:42 PM

On A Roll: Atlantic City Casinos Handing Out High Number Of Jackpots In 2018

On A Roll: Atlantic City Casinos Handing Out High Number Of Jackpots In 2018
Atlantic City casino jackpots

Through Aug. 18, Atlantic City casinos have reported a total of $21.9 million in jackpot wins of more than $50,000, making the first half of 2018 more profitable than each of the previous three full years.

The post On A Roll: Atlantic City Casinos Handing Out High Number Of Jackpots In 2018 appeared first on .

Michael Copeland Takes Down WPT500 Los Angeles for $181,950

Casino News Daily
Michael Copeland Takes Down WPT500 Los Angeles for $181,950

The 2018 edition of the WPT500 Los Angeles is now in the books. The tournament drew 2,509 entries who challenged their luck and tested their skills against each other at one of California’s hottest poker destinations – The Bicycle Casino. In the end, it was Michael Copeland who posed for a celebratory picture and then pocketed the first-place prize of $181,950 for outlasting his many opponents.

The final day of the tournament was played on Monday at the host casino. Nine players returned to play the final table and determine the champion. And Copeland led them into that final stage of the game with a massive chip lead.

It was a relatively short day at The Bike. The final table took less than four hours for the start-of-the-day field of nine to be whittled down to the champion. The first elimination occurred half an hour into action when Alexander Beleson’s [Ac][Qs] ran into Jorge Pineda’s pocket aces. An ace on the flopped pretty much sealed it for Pineda, while Beleson hit the rail for $17,790.

Players walked out one after another until there were just two players left at the table. More about the heads-up duel shortly. It is first important to note that Copeland entered the final day of the WPT500 as the chip leader with a massive advantage over the rest in contention with his stack of 19 million. And he never really lost momentum throughout the day.

The eventual champion was the first and only one to pass the 30 million chip mark yesterday. That happened during three-handed play. At that point, he was in possession of half of all chips in play.

Heads-Up

Copeland faced Pineda heads-up. The eventual winner had nearly three times more chips than his final opponent at the time cards were thrown in the air for the two-handed match. And it was not a long battle. It actually took around ten minutes for Copeland to finish off his last opponent.

On what turned out to be the final hand of the tournament, Pineda shoved pre-flop for 10.125 million and Copeland called. The eventual winner flipped over [Ac][Jc] to Pineda’s [10c][9h]. The board ran out [Ad][10s][8c][8s][4s] to bring the tournament to an end. Pineda hit the rail in second place, good for a cash prize of $120,610.

The WPT500 Los Angeles was the second event of the WPT500 series to take place this year, which means that it closed the popular WPT brand’s fifth season. The event featured a record number of starting flights – 16 overall. As mentioned earlier, it attracted a little over 2,509 entries who paid a buy-in fee of $570 to generate a prize pool of $1,254,500. Each of the nine players who played the final table was guaranteed a minimum cash of $17,790. And the winner scooped a first-place prize of $181,950, the WPT500 champion’s trophy and another trophy from the host casino.

The post Michael Copeland Takes Down WPT500 Los Angeles for $181,950 appeared first on Casino News Daily.

Kentucky Lawmakers Look to Take Small But Very Precise Steps on Sports Betting Legalization

Casino News Daily
Kentucky Lawmakers Look to Take Small But Very Precise Steps on Sports Betting Legalization

It has been three months since the US Supreme Court struck down the 1992 nationwide ban on sports betting. The historic ruling led up to the legalization and launch of sports betting offering in several states and started discussions over the potential of a regulated sports betting industry in multiple other states.

Delaware, New Jersey, and Mississippi were the first to roll out wagering products, while West Virginia and Rhode Island are gearing up for the launch such offering in a regulated environment. Interest in sports betting has also been picking up in Pennsylvania, where two of the state’s 12 casinos have applied for permission to offer such products to its customers. The regulation of sports betting in the Keystone State comes as part of a sweeping gambling expansion process that will also see the provision of online gaming services to residents.

And while the above states decided to jump on the legal wagering bandwagon very shortly after the long-running ban was lifted, Kentucky lawmakers have taken a more cautious approach.

Three sports betting bills have been introduced in the state Legislature so far, but all three are yet to pass a committee vote. It can be said that former Kentucky Governor and current Senator Julian Carroll is leading the sports betting drive in the Bluegrass State. The legislator submitted a bill on the legalization of sports betting in the state in June.

He is also part of a nine-member working group that was assembled shortly after the SCOTUS ruling and vested with the responsible task to create a feasible sports betting regulatory system that will be discussed more broadly in the state Legislature during the next legislative session. With that said, Kentuckians will clearly have to wait at least until next year to be able to wager on professional and amateur leagues.

The nine-member working group, comprised by both Senators and House Representatives and members of both parties, has had two meetings so far. And according to a report from Sports Handle, the second meeting saw two important decisions being made – taxation of regulated sports betting operations and integrity fee for professional sports leagues.

Tax on Net Revenue

In an email to Sports Handle, Sen. Carroll has said that the group has decided on the basis for taxation when and if sports betting is legalized in the state. Wagering will thus be taxed on net revenue, but a rate is yet to be determined by lawmakers.

The taxation decision represents a major diversion from Sen. Carroll’s bill from June this year. The lawmakers called for taxing sports betting on handle. The proposed structure mirrored how pari-mutuel wagering, which has been legal in Kentucky for some time now, was taxed, the lawmaker explained in previous comments on the piece of legislation.

However, it can be said that net revenue is globally recognized by gambling companies serving regulated markets as the most reasonable basis. In other words, taxing sports betting on handle could have affected Kentucky’s lure to major sports betting companies. And it is believed that the state could be really attractive to global gambling giants, particularly when bearing in mind its rich horse racing heritage.

No Integrity Fee

With sports betting growing into an almost nationwide mainstream venture, more and more parties are becoming aware that what could turn into an industry worth hundreds of billions of dollars is currently in the making. And more and more parties want a piece of that large and juicy pie.

The US professional sports leagues have become particularly vocal about their right to benefit from the legalization and regulation of sports betting. NBA Commissioner Adam Silver has been among the staunchest supporters of the idea that the NFL, NHL, NBA, and MLB deserve to receive a cut of the profit. In June comments, Mr. Silver said that the NBA alone will spend more than $7.5 billion on preparing the upcoming basketball season. And given the fact that that product will be used by casinos, betting halls, and other facilities to generate a profit, they feel they should receive an integrity fee just as musicians receive a royalty for their music that is being streamed all around.

During their latest meeting, the nine members of Kentucky’s sports betting legalization working group have decided that the state’s law on the matter would not include the distribution of an integrity fee to the nation’s professional sports leagues. It is also important to note that the six states that have legalized sports betting so far have not introduced an integrity fee as part of their regulation effort.

What Is Next for Kentucky’s Sports Betting Regulation Effort?

The nine lawmakers tasked with crafting the state’s sports betting regulatory framework have quite some work to do. For instance, they will have to decide where sports betting will be offered and who will regulate the industry.

Kentucky does not have commercial Las Vegas-style casinos. On the other hand, the state is home to nine racetracks, including the extremely popular Churchill Downs which annually hosts the Kentucky Derby. Under Sen. Carrol’s bill, sports betting will be allowed across the state’s horse racing venues.

Under a bill filed in the House of Representatives, the state lottery will regulate the provision of sports betting in Kentucky and sports betting products will be offered across retail lottery outlets, in addition to the nine racetracks.

Tax revenue distribution is another important matter that will have to be decided upon. The Senate bill looks to close a very huge and important gap and focuses on the state’s cash-strapped pension systems. It is yet to be seen whether that proposal will make it to the final draft of Kentucky’s sports betting legislation.

Sen. Carroll has said in his e-mail to Sports Handle that their most important goal is to protect Kentucky’s citizens, despite the potentially huge revenue source that will be created with the legalization and roll-out of a regulated sports betting product.

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

The post Kentucky Lawmakers Look to Take Small But Very Precise Steps on Sports Betting Legalization appeared first on Casino News Daily.

Globatalent and SponB join forces to boost transparency in sports business

RSS
Globatalent and SponB join forces to boost transparency in sports business

The companies have signed an agreement to integrate sports business tools and promote a vibrant ecosystem.

Monday, August 27, 2018 6:27 PM

Trio Of Treats: Highlighting What’s What At The Three NJ Online Sports Betting Apps

Trio Of Treats: Highlighting What’s What At The Three NJ Online Sports Betting Apps
three cupcakes

DraftKings Sportsbook finally has competition from playMGM and SugarHouse Sportsbook. The three NJ online sports betting sites offer a variety of features, and here are the highlights.

The post Trio Of Treats: Highlighting What’s What At The Three NJ Online Sports Betting Apps appeared first on .

Michael Copeland Holds Massive Chip Lead Into Final Day of WPT500 Los Angeles

Casino News Daily
Michael Copeland Holds Massive Chip Lead Into Final Day of WPT500 Los Angeles

The WPT500 Los Angeles in entering its closing stage after nine days of quality poker action at The Bicycle Casino in the Los Angeles area. The $570 buy-in tournament drew a field of 2,509 warriors, all eyeing the first-place prize and the accolades that accompany a champion. However, there are just nine of them left in contention and it is a matter of hours before it becomes clear who will be the one to claim the title.

The massive field of the event was generated through sixteen starting flights, played over eight days. This was the largest WPT500 tournament in terms of flights featured. The event offered a guaranteed prize pool of $1 million, but the guarantee was eventually crushed to reach $1,254,500. Each of the nine remaining contenders is guaranteed a minimum payout of $17,790. And the winner will take home a nice cash prize of $181,950 and the tournament trophy.

The nine hopefuls are set to resume action at the Live At The Bike studio located inside the host casino. Nine-handed play will commence at 1 pm local time and the remaining contenders will play down to a winner. It is also important to note that action will resume from Level 33 with blinds at 100,000-200,000.

Michael Copeland Leads the Pack of Nine

Day 2 of the event was played Sunday at The Bike. Play commenced with 124 players and lasted until WPT regular Minh Nguyen was eliminated in 10th place for $17,790 in prize money. The player hit the rail after failing to hold up against Michael Copeland. As for Copeland, the chips he collected from Nguyen helped him cement his lead.

The player bagged and tagged a massive stack at the end of the day and will thus lead the nine finalists into the final Day 3 with 19 million in chips. Copeland secured a big chip advantage over everyone else left in contention. The player was the only one of all nine to have passed the ten million mark. It is also important to note that Copeland’s stack is good for 95 big blinds.

Jorge Pineda collected the second largest stack last night worth 7.2 million in chips or 36 big blinds. Erik Nason with 5.375 million/27 big blinds rounded out the chip counts podium at the end of Day 2 play.

Aaron Messmer with 4.725 million (24 big blinds), Jose Torres with 3.25 million (16 big blinds), Luke Nguyen with 2.755 million (14 big blinds), Travis Tachibana with 2.5 million (13 big blinds), Alexander Beleson with 2.25 million (11 big blinds), and Sanjay Mayekar with 1.875 million (9 big blinds) were the other players to make it through Day 2 of the tournament and secure a coveted seat into the nine-handed finale. As mentioned above, each and everyone of them has locked a minimum payout of $17,790, but the first-place prize will be what all of them will be vying for.

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

The post Michael Copeland Holds Massive Chip Lead Into Final Day of WPT500 Los Angeles appeared first on Casino News Daily.

Galaxy Chairman Expresses Strong Confidence in Boracay Casino Plan

Casino News Daily
Galaxy Chairman Expresses Strong Confidence in Boracay Casino Plan

Chinese casino tycoon Lui Che Woo is confident that Galaxy Entertainment Group will build a $500-million integrated resort with a gaming floor on the Philippine island of Boracay, despite President Rodrigo Duterte’s apparent disdain for casinos.

Mr. Lui shared details about the Macau-based gaming and hospitality giant’s Boracay venture as well as about its Japan expansion plans in an interview for CNBC that was broadcast earlier today on the news network’s Squawk Box Asia program.

Late last year, Galaxy revealed plans for the development of a $500-million destination resort on Boracay together with its Philippine partner Leisure & Resorts World Corp. Early in 2018, the two companies secured a provisional license from PAGCOR and a 23-hectare land plot on the island. However, the casino portion of the project quickly fell victim to President Duterte’s anti-gambling rhetoric. In addition, Boracay was closed for at the end of April for a six-month environmental cleanup, which was, too, ordered by the Philippines’ top official.

President Duterte has said multiple times over the past several months that he would not allow the construction of a new casino resort on the island once it reopens for business at the end of October. However, developers have maintained that the project will eventually materialize and that they will look to meet all environmental and other requirements the government might place.

Focus on Non-Gaming Options

In his CNBC interview, Mr. Lui said that their Boracay resort will target high-end customers from the Asia-Pacific region. However, there will be a clear focus on non-gambling offering. The casino floor will thus represent a small portion of the whole complex and will only feature several dozens of gaming tables. The businessman went on to say that it will be their goal to “restore the beautiful natural scenery” of Boracay to how it had been before.

Mr. Lui also pointed out that they are very confident in the project’s realization and that they will remain firm on their plans, unless the Philippine government decides otherwise.

The Chinese mogul was also asked about Galaxy’s plans for expansion in Japan. Mr. Lui said that they are watching closely developments in Japan and that they certainly nurture big ambitions for that market. Japan legalized casino gambling not long ago and a number of major gaming and hospitality companies have lodged interest in bidding for one of three gaming licenses that are to be issued.

Mr. Lui pointed out that they will pursue one of these gaming licenses, but non-gambling entertainment will be what they will really focus on if they are allowed to operate in Japan. The businessman said that they are working with the Monte Carlo brand in Macau and have recently acquired a small stake in the Macau branch of Wynn Resorts, and that they will use these partnerships to boost their chances for entering the Japanese market. The company has also been looking for Japanese partners, but the casino mogul said it would not be appropriate to reveal any potential partnerships at this point.

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

The post Galaxy Chairman Expresses Strong Confidence in Boracay Casino Plan appeared first on Casino News Daily.

Sunday, August 26, 2018 5:57 AM

Dustin Gottstein Emerges as WPT500 Los Angeles Overall Chip Leader

Casino News Daily
Dustin Gottstein Emerges as WPT500 Los Angeles Overall Chip Leader

Saturday was an eventful day at The Bicycle Casino in the Los Angeles area as the ongoing WPT500 Los Angeles finally concluded its starting flights stage. Over the course of the past eight days, as many as 2,509 entrants paid the $570 buy-in fee to try their luck and challenge their skills in one of WPT’s most exclusive series.

Of the original field, only 124 will progress into Day 2 action which starts today at 1 pm local time. Action will kick off from Level 19, the earliest finish of all 16 starting flights, with blinds standing at 4,000/8,000.

Day 1O of the tournament was played yesterday at The Bike. It was the largest one of all starting flights, drawing 460 players. There were only 23 finalists left at the end of the day. They will advance into Day 2 led by Dustin Gottstein who bagged the largest stack last night. The player collected 1.334 million in chips.

It is important to note that this was not only Day 1O’s biggest chip stack, but also the biggest one bagged throughout all sixteen starting flights. In other words, Gottstein has finally replaced Day 1A chip leader Peter Hengsakul at the top of the overall chip counts chart.

Day 1P Recap

Day 1P (Turbo) was the event’s final starting flight. It was, too, played yesterday at The Bike. The flight attracted 189 entries who were eventually whittled down to just nine players. Paul Lee bagged the largest stack of that closing starting flight. The player will enter Day 2 with 830,000 worth of chips.

As mentioned above, Gottstein will begin Day 2 as the overall chip leader with 1.334 million, followed by Day 1A’s Hengsakul with 1.151 million. It is interesting to note that Hengsakul is looking to improve his third-place finish in the previous edition of the WPT500 Los Angeles. The tournament was played at The Gardens Casino last May. Hengsakul made it to the podium, but could only claim the bronze and a third-place prize of $100,000.

Alexander Beleson, the Day 1G chip leader, will enter Day 2 action with the third largest chip stack of all 124 remaining hopefuls with 1.114 million. And Thomas Zanot is the last player to have passed the one million mark. Zanot was the Day 1I chip leader and bagged 1.1 million at the end of that starting flight.

The 2,509-strong field of the WPT500 Los Angeles created a prize pool of $1,254,500, easily crushing the $1-million guarantee. It is yet to be announced how much the winner will be awarded.

Day 2 of the tournament is set for a 1 pm start at The Bike, known to be one of California’s hottest poker destinations. The remaining hopefuls will be contending for a spot among the final nine. The nine finalists will then return to the host casino on Monday to play down to a champion.

The post Dustin Gottstein Emerges as WPT500 Los Angeles Overall Chip Leader appeared first on Casino News Daily.

Saturday, August 25, 2018 11:39 AM

Feeling The Pinch, Monmouth ‘Confident’ It Will Kick Off Online Sports Betting By Football

Feeling The Pinch, Monmouth ‘Confident’ It Will Kick Off Online Sports Betting By Football
squeeze

Monmouth Park was the first venue in New Jersey to accept sports wagers following the repeal of PASPA. Yet, the racetrack is falling behind in the race to launch NJ online sports betting.

The post Feeling The Pinch, Monmouth ‘Confident’ It Will Kick Off Online Sports Betting By Football appeared first on .

Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left

Casino News Daily
Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left

Poker excitement is building up at The Bicycle Casino where the latest installment of the WPT500 is taking place. The ongoing WPT500 Los Angeles is a special one. The $570 buy-in tournament features a record number of starting flights, which means a record number of opportunities for player to join the field.

Two more starting flights were completed on Friday at the host casino and there are just two more left before the remaining survivors head to The Bike for Day 2 of the major tournament.

A massive field was built on Day 1M of the event. There were 301 players to enter through that starting flight. However, only 15 of them were lucky and persistent enough to make it through the very end and bag and tag for the night. They will have one day for a much-deserved rest and to craft their strategies of how to approach the Day 2 field. Day 2 of the tournament will be played Sunday at the casino.

Jose Gallardo finished the Day 1M starting flight as the chip leader among the 15 remaining hopefuls. The player had a total of 975,000 in chips at the end of the day. Jose Torres finished second in chips with 677,000 and Derek Lacock collected the third largest stack of 636,000 in chips.

About Day 1N

The Turbo-structure Day 1N also took place on Friday at the host casino. It drew 100 warriors seeking a shot at the title and the first-place prize. After 22 levels of play, there were only five players left to whom the original field had been whittled down.

Adin Gardenswartz was the one to put the largest stack in his end-of-the-day bag. The player had a total of 616,000 at that point. He was followed by David Marshall with 492,000 and Martin Zamani with 348,000. Kai Yang and Robert Rubano were the other two players to have survived through the end of the day. They bagged 287,000 and 244,000, respectively.

The final starting flights of the event are set to be played later today. They might turn out to be the biggest ones so far as they will be interested players’ last opportunity to join the event. The tournament features unlimited re-entries until registration for each of the two starting flights played over a day closes at the beginning of Level 9.

As mentioned earlier, Day 2 is slated for commencement at 1 pm local time at the host casino. It will see the survivors from all the starting flights brought together for the first time. The remaining hopefuls will play down to the final nine who will come back at The Bike on Monday to clash it out until a single player remains on the field. It is yet to be announced how much exactly that one final player will be awarded for their deed.

The WPT500 Los Angeles has drawn 1,860 entries so far and there are 93 to have made it through their respective starting flights.

The post Two More WPT500 Los Angeles Flights Now in the Books, Only Two More Left appeared first on Casino News Daily.

Friday, August 24, 2018 11:37 PM

NJ Transit Chief: Atlantic City Rail Line Will Return After Five-Month Shutdown

NJ Transit Chief: Atlantic City Rail Line Will Return After Five-Month Shutdown
will return sign

With backlash brewing, NJ Transit exec Kevin Corbett tries to expel fears from worried Atlantic City Rail Line passengers that this is not the end of the line, but a brief five-month closure.

The post NJ Transit Chief: Atlantic City Rail Line Will Return After Five-Month Shutdown appeared first on .

Igt And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services

RSS
Igt And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services

 IGT and commercial partner William Hill U.S. announced today that they have been chosen by the Rhode Island Lottery to be the end-to-end sports betting service provider at the state’s licensed video lottery and table game establishments, Twin River Casino and Tiverton Casino.

Hong Kong Listed Landing International shares plunge again amid boss mystery

RSS
Hong Kong Listed Landing International shares plunge again amid boss mystery

Hong Kong-listed casino developer Landing International Development Ltd saw its shares plunge in value on Friday, the second major slump this week, amid a mystery regarding the whereabouts of its chairman, mainland Chinese businessman Yang Zhihui.

SugarHouse Sportsbook Adds Its Name To NJ Online Sports Betting Market

SugarHouse Sportsbook Adds Its Name To NJ Online Sports Betting Market
sugarhouse sportsbook

SugarHouse produces a first for New Jersey by combining its NJ online casino with NJ online sports betting. SugarHouse Sportsbook joins DraftKings and playMGM in the market.

The post SugarHouse Sportsbook Adds Its Name To NJ Online Sports Betting Market appeared first on .

Powered by Blogger.