Sunday, September 30, 2018 12:24 PM

Win Systems triples its presence in G2E Las Vegas 2018 to showcase impressing new launches

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Win Systems triples its presence in G2E Las Vegas 2018 to showcase impressing new launches

Win Systems, the leading technology supplier for the gaming and entertainment industry, is ready one more year for G2E Las Vegas (stand #2848) from 9th to 11th October

Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B

Casino News Daily
Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B

Flight B of the second event on the schedule of the ongoing WSOP Circuit Horseshoe Southern Indiana live poker festival was completed last night. The second of two starting flights provided interested players with a final chance to register into the $400 buy-in No-Limit Hold’em tournament.

As registration was closed, organizers were able to confirm the size of the event’s overall field as well as the prize pool and the places paid. As many as 763 entrants registered into the $400 No-Limit Hold’em Re-Entry. They generated a prize pool of $251,790. The top 81 finishers will leave with a cash from the event, with minimum payouts starting from $627. The champion will collect $50,359 and a WSOP Circuit gold ring.

And here is the place to mention that after Flights A and B, there are now as many as 93 players left in contention. Of them, 34 survived from Day 1A and the other 59 from Day 1B. The survivors from the two starting flights will combine together for the first time today when the final day on the tournament’s schedule is slated to be played.

Action resumes at 2 pm local time at Horseshoe Southern Indiana. The remaining hopefuls will have a long day ahead as they will have to first burst the money bubble, then to set the official final table, and finally to determine the champion.

Andrew Jacobs Emerges as Overall Chip Leader after Successful Day 1B

The remaining survivors will be led by Andrew Jacobs who bagged and tagged the largest stack after the end of Flight B. The player collected a total of 393,000 to top last night the Flight B and the overall chip counts chart, ending the reign of Day 1A chip leader Nicholas Pupillo (pictured). Pupillo now ranks second in the temporary leaderboard with a total of 389,500 in chips.

As it can be seen, Jacobs’ advantage is very tiny, and it is rather curious whether he will pull further ahead at the start of Day 2, or it will be Pupillo or another player from the 93 survivors who will assume the chip lead.

As mentioned earlier, action is scheduled to resume at 2 pm local time. It is also interesting to note that Pupillo is playing for his third WSOP Circuit gold ring. The player topped the field of a WSOP Circuit Main Event and of another tournament in previous seasons of the popular poker series to capture his first two pieces of gold.

Horseshoe Southern Indiana is playing host to the fifth WSOP Circuit stop of the 2018/2019 season. The ongoing live poker festival will run through October 8, when Day 3 of the $1,700 Main Event is to be played and the name of the Main Event champ is expected to become clear. The highlight tournament is slated to kick off on Friday, October 5 with the first of two starting flights.

The post Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B appeared first on Casino News Daily.

Saturday, September 29, 2018 5:34 AM

Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana

Casino News Daily
Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana

Horseshoe Southern Indiana is the host casino of the latest WSOP Circuit stop on the series’ 2018/2019 calendar. Poker festivities at the gambling facility kicked off on September 27 with a single-day $400 No-Limit Hold’em, the field of which was topped by Corey Hodgeman for his first-ever WSOP Circuit cash of $15,873 and a gold ring.

The second gold ring tournament on the schedule started on Friday at the host venue. The $400 buy-in event began with the first of two starting flights and drew as many as 278 tournament entrants. The second starting flight is slated to be played today from 11 am. It will provide a last chance for interested players to join the event’s field.

The total amount of $91,740 was generated on Day 1A and it will be added to the money generated during the second starting flight of the tournament to comprise together the overall prize pool. And the prize pool itself as well as the places paid and how much the winner will collect will be announced upon the beginning of Day 2 on Sunday.

Of the 278 participants who registered for the tournament on Day 1A, there were just 34 players left at the time organizers called it a day on Friday at Horseshoe Southern Indiana.

The Day 1A Chip Leader

The remaining 34 survivors will have a day off today, while the second starting flight is being played. They will resume play on Sunday when the fields of Day 1A and Day 1B will combine for the very first time to play down to a champion.

Nicholas Pupillo finished off Day 1A as the chip leader. The player bagged and tagged 389,500 in chips last night to top the temporary chip counts chart after a particularly good run throughout the day. Charles Dawson with 245,500 and Kendall Staggs with 229,000 were the other two players to make it top three of the Day 1A leaderboard.

It is interesting to note that Pupillo is eyeing his WSOP Circuit gold ring number three. He won his first piece from the series in 2015 when he bested the field of a $580 No-Limit Hold’em event. He also collected a cash prize of $15,600 for his triumph back then. Gold ring number two arrived last fall when he emerged victorious in the $1,675 Main Event at Thunder Valley Casino. His victory also secured him with a payout of $170,286.

Over the course of his career, Pupillo has cashed in 36 WSOP Circuit tournaments and seven WSOP ones and has collected cash prizes of more than $512,083 from the two major poker series. It is to be seen whether the player will manage to score his third WSOP Circuit victory.

Action at the host casino resumes at 11 am local time and Day 2 action will kick off on Sunday at 2 pm at Horseshoe Southern Indiana.

The post Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana appeared first on Casino News Daily.

Friday, September 28, 2018 11:43 PM

Two West Virginia Casinos Delay Sports Betting Launch

Casino News Daily
Two West Virginia Casinos Delay Sports Betting Launch

The launch of sports betting operations at two West Virginia casinos has been delayed, local news outlet the Charleston Gazette-Mail reported citing information from the West Virginia Lottery.

Lottery spokesperson Randy Burnside told the media outlet earlier this week that sportsbooks were expected to be opened at Mardi Gras Casino in Nitro and Wheeling Island Casino in Wheeling by the end of the month. However, Delaware North, the owner of the two gambling venues, had informed the state gambling watchdog that it would delay the opening of sports betting facilities at the two properties. The company had not specified why the launch would be delayed.

Mr. Burnside further pointed out that the Lottery is waiting to hear from Delaware North to schedule testing of the sports betting operations in October.

West Virginia became the fourth state to launch sports betting after the mid-May ruling of the US Supreme Court that authorized individual states to legalize wagering on professional and college sporting events, if they feel inclined to do so. Legal sports betting services went live in West Virginia in the end of August and Hollywood Casino at Charles Town Races was the first local property to jump on the betting bandwagon.

The sportsbook at the casino is operated by British bookmaker William Hill. The Greenbrier is the only other property currently offering sports betting within West Virginia borders. It cut the ribbon of its FanDuel-run sportsbook on September 14.

Sports Betting Market Looks Healthy during First Few Weeks

According to information from the West Virginia Lottery, the state’s two sportsbooks have handled nearly $3.4 million in wagers since the Hollywood Casino facility opened doors. Sports betting handle at the property totaled a little over $450,000 during its first week of operation and a little over $1.1 million during its second week. Together with the FanDuel Sportsbook at The Greenbrier, sports betting handle amounted to more than $1.8 million during week three.

Handle figures are expected to improve even further in the coming weeks as the state’s sportsbooks are to go live with digital/mobile betting. Eric Zimny, Vice President of Racing and Sports Operations at Hollywood Casino, said during a recent ICE Sports Betting USA webinar that they will likely launch their mobile betting app in the coming weeks. The casino official pointed out that he still did not have a firm date and that the launch will not take place next week, but it will not take place in three or four months from now, as well.

It is still unknown when a FanDuel-powered mobile app will go live at The Greenbrier, but said app is anticipated to boost betting operations at the property significantly.

It now (and for now) seems that West Virginia has a healthy nascent betting market. And betting activity in the state is only poised to grow with the launch of mobile betting and the anticipated opening of two more sportsbook.

The post Two West Virginia Casinos Delay Sports Betting Launch appeared first on Casino News Daily.

Federal Sports Betting Hearing Packed With Hyperbole And Misunderstandings

Federal Sports Betting Hearing Packed With Hyperbole And Misunderstandings
packed trash

The 90-minute federal sports betting hearing was packed with testimony on both sides, but for NJ sports betting, it's carry on as usual for now.

The post Federal Sports Betting Hearing Packed With Hyperbole And Misunderstandings appeared first on .

Who Is the 2018 Asia Player of the Year?

Casino News Daily
Who Is the 2018 Asia Player of the Year?

The Asia Player of the Year has been awarded each year since 2009. The Asian poker player to excel in the PokerStars Asia Circuit throughout the year is named as Player of the Year to enjoy the accolades accompanying that title. And each Asia Player of the Year has their name engraved on the one and only APOY trophy that is located at the PokerStars LIVE Macau poker room at City of Dreams Macau.

The best Asian player of the year is determined by the APOY Leaderboard, which takes into consideration players’ performance in PokerStars-sponsored tournaments that take place on Asian soil throughout the year. By players’ performance we mean how a given player finishes in one tournament or another, how much entries that event has, and what buy-in fee it features. Players receive points for each of these three factors and the more points they collect, the higher they climb in the APOY Leaderboard.

This year’s leaderboard included PokerStars-branded live tournaments that took place in the period between November 27, 2017 and August 12, 2018. Aside from having their name engraved on the special trophy, this year’s winner will also be awarded the amount of $20,000.

The Philippines Celebrates Its First Asia Player of the Year

Philippine poker pro Mike Takayama topped this year’s APOY Leaderboard with a total of 10,230 points. The player has had a killer year so far, cashing in 30 different live tournaments. In addition, he cashed in a large number of the official Asia Player of the Year Events throughout the season.

At the age of 29, Takayama has become his homeland’s first Asia Player of the Year since the ranking was first established in 2009. And with 10,230 points collected over the span of the 2017/2018 season, he is well ahead of the player who occupies the leaderboard’s runner-up spot. Alexis Lim is the player to rank second with 5,931 points.

Most prominently, Takayama won the PokerStars LIVE Manila Super Series 5 PHP10,000 Main Event for a cash prize of PHP931,800 (approx. $17,875) and a Platinum Pass for the upcoming 2019 PCA Poker Players Championship. He topped the tournament’s field in February, this year.

In May, he finished third in the PokerStars LIVE Manila Super Series 7 PHP10,000 Main Event to collect the amount of PHP525,000 and more points for his APOY score.

Overall, Takayama is his home country’s third most profitable player in terms of live tournament earnings generated. His winnings currently amount to a little under $1 million. The poker professional scored his career’s largest cash of nearly $198,568 this summer during the 2018 edition of the World Series of Poker. The player bested the $1,000 No-Limit Hold’em Super Turbo Bounty and his triumph also secured him with his first-ever gold bracelet from the series.

The post Who Is the 2018 Asia Player of the Year? appeared first on Casino News Daily.

OlyBet Becomes Title Sponsor of Largest Baltic Basketball League

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OlyBet Becomes Title Sponsor of Largest Baltic Basketball League

OlyBet, the leading online gaming and sports betting operator in the Baltic region, became the Title Sponsor of the newly launched Baltic’s largest basketball league.

Gaming Laboratories International (GLI®) Names New Supplier Client Service Representative

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Gaming Laboratories International (GLI®) Names New Supplier Client Service Representative

Candi Lopez Will Interface with Las Vegas-based Suppliers

Thursday, September 27, 2018 5:55 PM

The Players to Have Cashed in the Largest Number of Countries So Far in 2018

Casino News Daily
The Players to Have Cashed in the Largest Number of Countries So Far in 2018

Traveling around the world is one of the perks of being a professional poker player. Visiting new places, clashing against players with different techniques and at different level of skill and proficiency, and getting oneself exposed to new and different poker games is enriching experience that could help anyone improve their own game and overall worldview, of course.

The poker enthusiasts of Casino News Daily love poker-related lists and writing about poker lists. This is why they have prepared a brand new such list for their readers. This time, it will revolve around those three players who have cashed in the largest number of different countries around the world since the beginning of the year. Here are these three players and where they have cashed in over the past nine months.

Henri Ovaska

The Finnish poker player has cashed in 21 tournaments in 16 different countries since the beginning of the year, including Italy, Bulgaria, Estonia, Ireland, and many more. While Ovaska might have been quite active on the live tournament scene over the past several months, he has not won any major events. He scored his only victory this year during the Irish Poker Open & Norwegian Championships 2018 in Dublin.

He took down a €170 R.O.E. tournament for a cash prize of €2,700. He collected his largest cash of this year in January, when he finished third in the African Series of Poker/Unibet Deepstack Open €550 Main Event for €9,000. The tournament took place in Grand Bay, Mauritius an exciting destination without any doubt.

Andrew Christopher Hills

The Englishman cashed in 30 live events in 11 different countries around the world, mostly the United States. He has taken down three tournaments so far in 2018, none of them were major ones, though.

A victory in a Wynn Summer Classic $1,100 No-Limit Hold’em secured the player with his largest cash this year. He bested a field of 302 entrants, including fellow countryman Stuard Taylor, whom he clashed into in the heads-up match, to collect the total amount of $72,799 from a total prize pool of a little over $300,263.

Manig Loeser

The German poker pro has cashed more than $2.3 million since the beginning of the year in 25 events that have taken place in 10 different countries. The player has appeared and cashed in events in the United States, Russia, and Montenegro, among others.

It is also important to note that Loeser has long been particularly active on the international high roller scene. Over the past nine months, the player has participated in some of the major high rollers on the live tournament poker calendar. Most prominently, Loeser finished runner-up to Michael Lim in Aussie Millions Poker Championship A$100,000 Challenge for a cash prize of A$558,600 (approximately $445,334).

The post The Players to Have Cashed in the Largest Number of Countries So Far in 2018 appeared first on Casino News Daily.

Complete Success For Zitro At The Torremolinos Show

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Complete Success For Zitro At The Torremolinos Show

Zitro exhibited its latest creations for Video Bingo and Video Slots, which will be a revolution for the Spanish market in the coming months, at the recent Andalusian Game Congress Expo.

PokerStars VR virtual reality poker -- POKERSTARS

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PokerStars VR virtual reality poker -- POKERSTARS

PokerStars is previewing a virtual reality version of its online poker software in expectation of a commercial release in the future.

Wednesday, September 26, 2018 11:51 PM

Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy

Casino News Daily
Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy

With a market capitalization of $7.07 billion an multiple properties across the United States, the United Kingdom, and Egypt, among other countries, Caesars Entertainment Corp. is one of the world’s largest gaming and hospitality companies. Caesars climbed out of a lengthy Chapter 11 bankruptcy last fall and has since then focused on expanding both its domestic operations and its international presence as part of its strategy to further establish itself in the casino gaming, hospitality, and entertainment fields.

In the months preceding the company’s emergence from bankruptcy, its CEO, Mark Frissora, said that geographical expansion and product diversification would be one of its main points of focus once it puts its bankruptcy case behind.

It has been nearly a year since the closure of the bankruptcy proceedings, and the company has shown that it has been working hard to deliver on that strategy.

In its domestic market, Caesars most recently broke ground on a $375-million conference and convention center in Las Vegas. The 550,000-square-foot Caesars Forum is slated to open doors in 2020 and will offer 300,000 square feet of flexible meeting space, including two 110,000-square-foot pillarless ballrooms and a number of other convention facilities. The property will also have a direct access to hotel rooms at Harrah’s Las Vegas and The LINQ as it will be connected to the two properties via a skybridge.

Late last year, Caesars broke the news that it would expand its presence in Indiana, an important casino market, through the acquisition of Centaur Holdings LLC for the total amount of $1.7 billion. The deal was closed in mid-July and saw Centaur’s Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville be added to Caesars’ existing portfolio of properties in the state. The company already owned and operated the Horseshoe Hammond and the Horseshoe Southern Indiana casino properties prior to the transaction.

The company announced that it would invest $50 million to upgrade its two new properties and broke ground on a $85-million expansion of its Horseshoe Southern Indiana casino that would also involve the property’s relocation to dry land.

International Casino Expansion

It has also become clear that Caesars has appetites for expanding its international casino gaming portfolio. Japan has been one of the countries targeted by the major gambling and hospitality company. The country recently legalized casino gambling within its borders. Earlier this summer, Japanese lawmakers also approved an essential bill that set out the principles under which the nation’s nascent casino market would be regulated.

It is believed that Japan could quickly become one of the world’s top three gambling markets once its casinos open doors. The government agreed to issue up to three gaming licenses to interested operators and some of the world’s largest gambling companies have already kicked off the race for these, even though they are not expected to be granted before 2019. Caesars has been one of these companies. However, it is facing heavy competition from fellow Las Vegas operators such as MGM Resorts International and Las Vegas Sands, as well as from prominent Asian companies, including Melco Resorts & Entertainment and Genting Group.

It has also emerged that Caesars is eying participation into an €8-billion project for a massive integrated resort at the site of the former Ellinikon International Airport near Athens, Greece. The company’s name has been mentioned in relation to the mega-scheme for more than a year now. The integrated resort development will feature multiple accommodation, food and beverage, and entertainment facilities as well as a casino, the sole investment for which is expected to reach €1 billion. The whole complex will be Europe’s largest one of this kind.

The Greek Gaming Commission recently invited interested parties to submit comments and proposals in relation to the grand project ahead of the official opening of the bidding process and Caesars was one of the companies to lodge its interest in the development, thus confirming what have previously been only reports about its interest to take part in the scheme.

International Non-Gaming Expansion

Caesars has also announced that growing its non-gaming business would represent a core part of its growth strategy. Earlier this spring the company announced that it would open two non-gaming resorts in major tourist draw Dubai.

The two properties will be part of the Bluewaters Island development, managed by Dubai’s state-run Meraas Holding. They will have 479 hotel rooms and multiple food and beverage and entertainment facilities. Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai, as the two non-gaming resorts are branded, are both slated to open doors in the fourth quarter of the year.

It also emerged this spring that Caesars was planning to open a non-gaming beachfront resort in Puerto Los Cabos in Mexico. The Caesars Palace-branded property will feature 500 hotel rooms, a 40,000-square-foot convention center, three restaurants, a spa and wellness center, and a number of other facilities.

Caesars’ local partner Grupo Questro is expected to break ground on what would be a $200-million development in the first half of 2019.

As it can be seen, the Las Vegas gaming and hospitality giant is looking to grow some of its major domestic brands, including Caesars Palace, internationally and beyond casino gambling. The global gambling and hospitality fields have become extremely competitive and keeping pace is a challenging task for any involved company. It is yet to be seen whether Caesars’ strategy to penetrate new markets and diversify its core operations would help it blunt the heavy competition.

The post Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy appeared first on Casino News Daily.

NJ And Nevada Reps Send Letter, Warn Congress To Tread Carefully With Sports Betting

NJ And Nevada Reps Send Letter, Warn Congress To Tread Carefully With Sports Betting
banana peel

In a new letter, Nevada Rep. Dina Titus and New Jersey Rep. Tom MacArthur urge Congress to be cautious when considering a federal sports betting plan.

The post NJ And Nevada Reps Send Letter, Warn Congress To Tread Carefully With Sports Betting appeared first on .

The Winningest US Poker Players of All Time

Casino News Daily
The Winningest US Poker Players of All Time

Poker has deep roots in the United States and there should not be surprise that some of the world’s winningest players hail namely from there. Not to mention the fact some of the longest running poker series such as the World Series of Poker originate from the US.

A look at the US all-time money list shows impressive tournament bankrolls and seven- and even eight-figure payouts scored by great poker players. Here are the three of them to have accumulated the largest bankrolls and highlights from their poker careers.

Justin Bonomo – $43,120,591

Not only is Bonomo the leader in the US all-time money list, but he is also topping the overall all-time money list. The player dethroned the long-standing number one, Canada’s Daniel Negreanu, earlier this year.

Bonomo has indisputably had his best year in poker in 2018, and it has not even ended yet. The player collected more than $20 million in live tournament earnings over the past nine months, besting Fedor Holz’s accomplishment from a few years ago, when the young German collected $16 million over the course of a single year.

Bonomo pretty much won every major high roller tournament to have taken place this year. In February, he bested the field of the Super High Roller Bowl China HK$2 million No-Limit Hold’em for a cash prize of $4,823,077. In May, he took down the elite $300,000 Aria Super High Roller Bowl in Las Vegas for $5 million.

Then in July, he emerged the victor in this year’s edition of the WSOP Big One for ONE DROP, a $1 million buy-in tournament that takes place biannually as part of the WSOP series. His cash prize from the event totaled $10 million.

Bonomo took down a number of other tournaments over the past several months to cement his position as the world’s winningest tournament player.

Erik Seidel

With eight WSOP gold bracelets, a WPT title, and an EPT title, Erik Seidel is one of the world’s most popular and most widely recognized poker pros. And being the holder of titles from the three biggest and longest-running poker series means that he has accomplished what few have done – he has won the Triple Crown in live tournament poker.

It is thus no surprise that Seidel is one of his homeland’s (and one of the world’s) highest grossing players. He won his largest cash of A$2.5 million (approx. $2,472,555) back in 2011 when he bested the field of the Aussie Millions Championship A$250,000 Super High Roller.

In 2015, the player triumphed in the EPT Grand Final €100,000 Super High Roller for €2,015,000 in prize money. This year, Seidel has not won any major events, but he still managed to score several six-figure cashes. His best one came from a third-place finish in the partypoker MILLIONS Grand Final Barcelona €25K Super High Roller in April. His performance in the tournament was rewarded with €300,000 from the overall prize pool.

Dan Colman – $28,925,059

Poker fans certainly remember Colman’s terrific run in the 2014 WSOP $1 Million Big One for ONE DROP. The player emerged as the victor after a heads-up battle against poker celeb Daniel Negreanu. Winning the tournament, Colman added more than $15.3 million to his poker bankroll.

It should also be noted that 2014 was the young player’s best year in poker. Prior to his Big One for ONE DROP triumph, he won the EPT Grand Final €100,000 Super High Roller for a cash prize of €1,539,300. A few month later, he also topped the field of the Seminole Hard Rock Poker Open $5,300 Main Event for a top prize of $1,446,710.

The post The Winningest US Poker Players of All Time appeared first on Casino News Daily.

Hitting Paydirt: The BetStars Align For NFL Week 4 In NJ Sports Betting

Hitting Paydirt: The BetStars Align For NFL Week 4 In NJ Sports Betting
nj online sports betting

With NFL Week 4 closing in, and NJ sports betting on a hot streak, here's a look at the games to watch, the bets to tackle, and sportsbook apps to try.

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Tuesday, September 25, 2018 11:39 PM

Scientific Games Amps Up Licensed Brands Portfolio With Hard Rock®

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Scientific Games Amps Up Licensed Brands Portfolio With Hard Rock®

New Three-Year Contract to Bring Legendary Entertainment Brand to Lottery Instant "Scratch" Games 

Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018

Casino News Daily
Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018

Amid growing competition and massive regulatory pressure in a number of jurisdictions, several major gambling companies have decided since the beginning of the year to undertake merger and acquisition moves. M&A deals have often proved a successful way to blunt competition and to offset the ill effects of regulations that might aim to improve the quality of service but sometimes produce the exact opposite effect.

The past nine months have seen some of the major players of the online gambling field look for and find partners to reduce the negative impact from changes of different nature in the global market. Here are several of the biggest deals that have been undertaken since the beginning of the year and how they are expected to change those involved in them as well as the global online gambling landscape.

Playtech – Snaitech

Playtech announced in April that it had agreed to buy around 70.6% of the total issued share capital of Italian gambling company Snaitech S.p.A. in an initial acquisition deal. Under the terms of the agreement, the gambling tech giant agreed to make a mandatory takeover offer for the remaining shares in Snaitech after the completion of the initial acquisition.

The total purchase price was estimated at €846 million, which Playtech funded with existing cash resources and new debt facilities.

Snaitech generated revenue of €890 million and EBITDA of €136 million last year. The deal is expected to result in annual cost synergies of €10 million for the combined entity. The Italian company operates more than 1,600 betting points around the country. In addition, it also provides sports and horse race betting, online sports betting, and online casino games. Aside from its domestic market, Snaitech also operates in a number of other jurisdictions where it is fully regulated.

Playtech pointed out that the move was part of its newly implemented strategy to focus its business on regulated markets and reduce its reliance on unregulated markets. The company suffered a heavy blow following a massive gambling crackdown in Malaysia, which had previously been one of its key Asian markets. As a result, its share price has dropped more than 50% over the past year and it was forced to issue two profit warnings over that period.

The gambling tech giant, founded by Israeli businessman Teddy Sagi in the late 1990s, now hopes that the addition of Snaitech would help it diversify its geographical revenue and improve the quality of its earnings with a particular focus on regulated markets. It is to be seen whether that strategy will prove successful and will help Playtech leave the financial issues behind.

The Stars Group – Sky Betting & Gaming

The Stars Group, owner of PokerStars, and Sky Betting & Gaming announced in April that they had agreed to complete a landmark transaction that would create a $4.7-billion online gambling behemoth with presence across multiple jurisdictions, massive customer base, and strong positions in key online gambling sectors, including sports betting in which The Stars Group has taken great interest over the past year.

The two companies said that the deal would produce $70 million of annual cost synergies, among other financial benefits.

The transaction was closed on July 11. However, a day later, the UK Competition and Markets Authority announced that it had opened a probe into the deal, without giving much detail about the nature of said probe. The ongoing investigation blocked the beginning of the integration of the two businesses and the transfer of ownership that needed to take place as part of the deal. They will have to wait until the completion of the CMA probe in order to be able to move forward.

Although the watchdog has provided limited details on the matter, it is believed that the investigation was launched due to concerns over the effects a deal of this scope would have on competition in the UK gambling market, which is currently SkyBet’s main market of focus.

The CMA published earlier this month the two sides of its initial enforcement order, which means that The Stars Group and SkyBet can start the planning process for their eventual integration. It is believed that the competition watchdog will release the full results of its investigation in October.

Once the deal is finally closed and the two businesses are successfully merged, The Stars Group will be able to use SkyBet’s experience in the online sports betting vertical to improve its own sports betting business. It is also important to note that the company is among the gambling giants looking to expand their geographical presence in the United States in as many states where sports betting is legal as possible.

The Stars Group currently operates a mobile betting app in the New Jersey regulated market, which it rolled out earlier this month. But it has long been clear that the company is looking to return to the US after it was shamefully banished from the nation after the Black Friday of US online poker back in 2011.

As for SkyBet, it will be able to extend its footprint in a number of jurisdictions after joining The Stars Group. The company currently operates in the United Kingdom, Italy, and Germany.

The Stars Group – CrownBet – William Hill Australia

Australian online bookmaker CrownBet emerged in February as the winning bidder for William Hill’s struggling Australian business. The company, which was controlled by local casino operator Crown Resorts at the time, competed with the likes of bet365, Ladbrokes, and Paddy Power for William Hill Australia.

The final round of bids placed CrownBet against Paddy Power’s local business Sportsbet, but it was the former to win the bidding war. CrownBet agreed to buy William Hill’s ailing Australian operation for A$300 million.

It was announced at around the same time that The Stars Group had reached an agreement with CrownBet’s owners to acquire a 61% stake in the company. It then became clear that the Canadian gambling giant would actually acquire an 80% stake in a move that would allow it enter Australia’s regulated betting market.

The two deals resulted in the creation of the third largest licensed bookmaker in Australia. To mark the beginning of a new era, CrownBet announced in May that it would rebrand. It first picked Sportingbet as its new name, but Paddy Power’s Sportsbet contested its choice in court, arguing that the two brands were too similar and could confuse customers. The court sided with Sportsbet and CrownBet decided that it would eventually rebrand as BetEasy.

It is quite clear that The Stars Group is looking to cement its positions in the global sports betting market by entering as many regulated jurisdictions as possible. In Australia, in particular, the company might face certain difficulties as a result of the massive competition in the local sports betting industry and growing regulatory pressure, including the introduction of a point of consumption tax in almost all Australian states and territories.

The post Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018 appeared first on Casino News Daily.

Gateway Casinos & Entertainment to File Confidential Draft Registration Statement for Proposed Initial Public Offering

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Gateway Casinos & Entertainment to File Confidential Draft Registration Statement for Proposed Initial Public Offering

Gateway Casinos & Entertainment Limited ("Gateway"), one of the largest and most diversified gaming and entertainment companies in Canada, today announced that it will confidentially submit a draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common shares. 

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