Tiger Resorts Witnesses Fraudulent Activity Complaints against Kazuo Okada Scrapping

Posted by Costin Dinescu on 10:52 AM
CasinoGamesPro.com
Tiger Resorts Witnesses Fraudulent Activity Complaints against Kazuo Okada Scrapping

The international gambling industry has seen numerous twists and turns of companies and businesses filing complaints and then arranging things back to normal. In a surprising turn of events, all charges filed in by Tiger Resorts and Entertainment against Japanese gaming tycoon Kazuo Okada were dropped this Thursday laying the feud which started in January […]

The post Tiger Resorts Witnesses Fraudulent Activity Complaints against Kazuo Okada Scrapping appeared first on CasinoGamesPro.com.

Darren Elias Leads WPT Tournament of Champions Final Table, Eyes Back-To-Back Wins

Posted by Costin Dinescu on 5:12 AM
Casino News Daily
Darren Elias Leads WPT Tournament of Champions Final Table, Eyes Back-To-Back Wins

The second day of the WPT Tournament of Champions was completed on Saturday at Aria Resort & Casino. It started with 29 players but just five of them survived through the very end of the day and are still in contention for the title and the $463,375 first-place prize.

Day 2 of the tournament kicked off with Dennis Blieden leading the pack of 29 hopefuls from Day 1. The player had a solid run during the first day of the WPT Tournament of Champions and methodically built a massive stack into Day 2. However, it appeared he had lost some of his momentum when he returned to the tables yesterday to eventually lose his chip advantage. The player was eliminated in 11th later on Day 2 to become the unfortunate bubble boy.

The original field of the prestigious tournament comprised 80 entries. The prize pool totaled $1.365 million and included the $15,000 buy-in fees paid by the participants and an additional $150,000 contributed by the WPT. The money was split into payouts for the top ten finishers.

The five finalists are set to resume play today at 4 pm local time. Unlike the previous two days when they played at the poker tables of Aria Resort & Casino, the final tablists will take to the felt of the brand-new Esports Arena Las Vegas at the Luxor Hotel and Casino to battle it out until there is just one player left.

Darren Elias Aims For Back-To-Back Titles

Darren Elias came into the WPT Tournament of Champions fresh off the inaugural WPT Bobby Baldwin Classic, which he took down to win a record-breaking fourth title from the series. And if Day 1 of the Tournament of Champions belonged to Blieden, it can be said that Day 2 belonged namely to Elias.

The player eventually bagged and tagged 1.4 million to top the chip counts chart. It is also important to note that he has quite some advantage over the rest of his remaining opponents.

Commenting on his run over the past several days, Elias said that “wins […] come in bunches in poker” and that when a player wins in a tournament, they become more confident and maybe play better in their next tournaments.

While Elias might have secured the chip lead, he will have a different task today as the rest of the finalists are seasoned players themselves. Matas Cimbolas collected a stack of 1.159 million last night to rank second in the chip counts chart. Matthew Waxman finished third in chips, good for 554,000. Nick Schulman, a player who boasts $3,534,047 in live tournament earnings, and David Benyamine, who has collected more than $1.8 million from different live tournaments, were the other two players to make it through Day 2 with and collect almost even stacks at the end of the day with 447,000 and 440,000, respectively.

The post Darren Elias Leads WPT Tournament of Champions Final Table, Eyes Back-To-Back Wins appeared first on Casino News Daily.

Iwan Leow Claims HK$1,442,300 Throne at Oriental Poker Championship High Roller

Posted by Costin Dinescu on 5:09 PM
CasinoGamesPro.com
Iwan Leow Claims HK$1,442,300 Throne at Oriental Poker Championship High Roller

The Venetian Macau Resort and Hotel is the proud host of the first edition of Oriental Poker Championship which is striving to become one of the most popular and preferred poker congregations for many players. One of the first events which reached its long-anticipated final table was the HK$100,000 High Roller one and the skillful […]

The post Iwan Leow Claims HK$1,442,300 Throne at Oriental Poker Championship High Roller appeared first on CasinoGamesPro.com.

Dennis Blieden Leads 29 Survivors into WPT Tournament of Champions Day 2

Posted by Costin Dinescu on 11:15 AM
Casino News Daily
Dennis Blieden Leads 29 Survivors into WPT Tournament of Champions Day 2

The WPT is about to wrap up another successful season. Once again the popular poker series is celebrating the end of its season with the WPT Tournament of Champions, a three-day event that features champions from the past year and is already taking place at Aria Resort & Casino in Las Vegas.

Day 1 of the season-ending tournament was played on Thursday at the host casino. It started off with 80 participants but the field was whittled down to just 29 players by the end of the day.

The event came with a buy-in fee of $15,000, but those who won Main Tour Main Events throughout the season had that fee included in their first-place prizes. The WPT also added $150,000 to the prize pool, of which $50,000 would go to the winner to create an overall prize pool of $1.365 million.

The top 10 finishers will leave with a payout, min-cash worth $39,840. The winner will receive $463,375 from the prize pool. However, awards for the big champion would not be limited to the monetary prize. Their victory will also be rewarded with a Hublot Big Bang Unico Titanium Ceramic watch, a JetSmarter membership worth $50,000, and the one and only WPT Tournament of Champions trophy.

Dennis Blieden Leads After Day 1

The first day of this year’s WPT Tournament of Champions concluded with Dennis Blieden leading the elite pack into the night. The player bagged and tagged 593,000 to lock a comfortable start to Day 2.

Blieden is followed by J.C. Tran with 305,500 and Marvin Rettenmaier with 234,500, but it can be seen that the overnight chip leader has secured quite an advantage over his remaining opponents.

Blieden catapulted himself to the top of the Day 1 chip counts chart after winning a massive pot during Level 4 of play. The player clashed against Andy Frankenberger. The latter went all in with pocket aces to Blieden’s pocket sixes. A [6c][4d][2c] flop and blank turn and river saw Frankenberger hit the rail, while Blieden collected his chips. Later the same level, the overnight chip leader scooped quite some chips from Mike Del Vecchio to further cement his advantage.

Blieden won the LA Poker Classic $10,000 Main Event back in February to claim his first WPT title, a seat into the WPT Tournament of Champions, and $1 million in prize money. The player had cashed in two WSOP events prior to his triumph earlier this year. Talking with WPT staff last night, Blieden said that he has not played tournament poker since the LAPC, but he was running pretty well in the Tournament of Champions and it felt as if he had picked where he had left off.

Unlike many of the other tournament entries, Blieden is not that well known to the poker community. Dwelling on that, the player said that he knew many of his table mates considered him “terrible” and that was why he was getting calls that many would not. He went on to say that he got quite some coolers throughout Day 1 and it seemed to him that every time he bluffed, his opponents would fall, while every time he called, he would win the pot.

Play is set to resume at Aria today at noon local time. The remaining hopefuls will play down to an official six-handed final table. Aside from Blieden, the likes of Erik Seidel, Marvin Rettenmaier, Justin Young, and Darren Elias, who came into the Tournament of Champions fresh off his record fourth WPT win in the inaugural WPT Bobby Baldwin Classic, will also join Day 2 action.

The post Dennis Blieden Leads 29 Survivors into WPT Tournament of Champions Day 2 appeared first on Casino News Daily.

Tiverton Casino Set to Open a Month Ahead of Schedule

Posted by Costin Dinescu on 5:06 AM
Casino News Daily
Tiverton Casino Set to Open a Month Ahead of Schedule

Twin River Tiverton Casino Hotel in Tiverton, Rhode Island will open doors on September 1, precisely a month ahead of schedule, property officials confirmed Thursday.

John Taylor Jr., Chairman of the company behind the project, Twin River Management Group, told media that the work of the construction teams made it possible for the opening to take place at an earlier date.

The Tiverton-based casino will feature a 100,000-square-foot gaming floor with 1,000 slot machines and 32 table games, five dining facilities, an 84-room hotel, and a parking garage. It will operate under a license previously issued to Newport Grand Casino, which was too owned by the same company up until recently.

Twin Rivers sold the property to the Johnston-based Carpionato Group for the amount of $10 million earlier this month. As mentioned above, the license for the operation of gaming was retained by the Twin River group and will be transferred to its new facility in Tiverton.

Despite its original plan to invest $75 million, the company behind the project has nearly doubled its investment to $140 million. Mr. Taylor has previously explained that the cost was entirely covered by Twin River Management Group and that they had not received any subsidies from the state or any taxpayer money.

Missed Original Deadline

Developers of what has been promoted as a “convenience casino” had hoped that it would be completed by the summer of 2018. However, delays of different nature prevented the gambling venue from meeting that original deadline.

In previous interviews with local media, Mr. Taylor has revealed that challenges related to the land where the casino was being developed, imposed limits on construction hours, and the multiple delays in the beginning of the town planning process were among the most important factors to hold back their project’s timely completion.

Twin River Management Group also owns the Twin River Casino Lincoln complex. The property is among the largest casinos in the United States. When asked whether their new gambling venue will be of the same scale, Mr. Taylor has explained that their Tiverton property would represent just a quarter of the Lincoln one.

The new Tiverton casino is expected to create between 500 and 600 permanent jobs once operational. Of these, around 160 positions would be occupied by people who previously worked at the Newport Grand casino. The rest of the available jobs were first offered to residents of the Tiverton area.

Located near the Massachusetts border, the Tiverton casino will look to draw customers namely from its neighboring state. Massachusetts itself is in the middle of expanding its commercial casino industry with two massive gaming resorts. MGM Resorts International is set to open a $960-million property in the city of Springfield this fall, and Wynn Resorts is building a $2-plus-billion complex near Boston, slated to open doors sometime next year.

The post Tiverton Casino Set to Open a Month Ahead of Schedule appeared first on Casino News Daily.

Darren Elias Makes History at Aria Casino, Captures Record Fourth WPT Title

Posted by Costin Dinescu on 4:39 PM
Casino News Daily
Darren Elias Makes History at Aria Casino, Captures Record Fourth WPT Title

Darren Elias finally claimed a coveted fourth WPT title after a near miss earlier this season in Jacksonville. The player topped last night the elite field of the inaugural WPT Bobby Baldwin Classic to become the only one to have ever captured four titles from the series’ Main Tour.

The WPT Bobby Baldwin Classic drew 162 entries to the tables of the host venue – Aria Resort & Casino in Las Vegas. It was a star-studded field of former WPT champions, former WSOP Main Event champions, including 14-time WSOP gold bracelet winner Phil Hellmuth, and a plethora of other accomplished pros and recreationals. They created a prize pool of $1,555,200 and the amount of $387,580 went to the winner.

Elias entered the final day of the event as the chip leader and with a massive stack. The player said that he was there for anything but the win, and he did his best to execute his strategy and claim the prestigious fourth title that put him ahead of Gus Hansen, Carlos Mortensen, Anthony Zinno, and Chino Rheem who are all holding three WPT titles.

It was an action-packed day at the host casino on Wednesday. Despite his advantage, Elias’ ride to victory was not a smooth one. Aside from him, the official six-handed final table of the event featured two players who were eying their third WPT titles (Jonathan Little and Sam Panzica), a player who was looking to claim a second title (Dietrich Fast), former WSOP Main Event champion Joe McKeehen, and female poker pro Kitty Kuo who has been smashing tables over the past several months.

Thrilling Heads-Up

Little and Panzica were the first to leave the final table, their hopes for a third title thus being brought to an abrupt end. The players collected $74,520 and $97,795, respectively. Fast was then eliminated in fourth place, good for $130, 895.

The most important hand of the final table occurred during three-handed play when McKeehen and Elias found themselves locked in an all-in confrontation that would end everything for one of the players. It was eventually McKeehen to bust in third place for $178,610, while Elias collected his chips to enter heads-up against Kuo with a 3:1 advantage.

Despite the huge gap, Kuo was not showing any signs that she was ready to give up on the title without a fight. As a result, the two-handed duel lasted three hours and over 100 hands. While Kuo never managed to take the lead during the match, she doubled several times and almost erased the gap.

On what turned out to be the final hand of the tournament, Kuo announced all in for her last 600,000 and Elias called almost immediately. Elias tabled [Ah][10c] to his opponent’s [As][5d]. The [4d][Js][8h][7s][2c] arrived on the board to end Kuo’s participation in the tournament. The player took $248,380 for her performance.

As for Elias, the player is now heading into the WPT Tournament of Champions which starts today at Aria. Fresh off his latest triumph, he will play against the WPT Main Event champions from throughout the season for a chance to be crowned the absolute champion of Season XVI of the series.

The post Darren Elias Makes History at Aria Casino, Captures Record Fourth WPT Title appeared first on Casino News Daily.

Louisiana Governor Signs Riverboat Casino Relocation Bill

Posted by Costin Dinescu on 10:54 AM
CasinoGamesPro.com
Louisiana Governor Signs Riverboat Casino Relocation Bill

Louisiana’s riverboat casinos will be able to move onto nearby land as Governor John Bel Edwards signed on Wednesday a bill authorizing their relocation. The legislative piece was presented to the top official’s desk after surviving the Legislature by a single vote. Generally speaking, Senate Bill 316 gives riverboat casinos the green light to move […]

The post Louisiana Governor Signs Riverboat Casino Relocation Bill appeared first on CasinoGamesPro.com.

Caesars sets date for Incheon casino

Posted by Costin Dinescu on 5:24 AM
Casino News – Focus Gaming News
Caesars sets date for Incheon casino

Caesars Entertainment Corp casino in South Korea would open its doors by 2021.

The post Caesars sets date for Incheon casino appeared first on Focus Gaming News.

Crown Casino Melbourne Faces New Allegations on Plastic Picks Violation

Posted by Costin Dinescu on 11:27 PM
CasinoGamesPro.com
Crown Casino Melbourne Faces New Allegations on Plastic Picks Violation

Victoria’s gambling regulatory body has been put under even more pressure over the blanking-buttons scheme used at the Crown Resorts’ Melbourne venue. According to allegations which put the international gambling operator under fire, the small plastic picks used on poker machines at the Crown casino in Melbourne led to an “astronomical” increase in losses generated […]

The post Crown Casino Melbourne Faces New Allegations on Plastic Picks Violation appeared first on CasinoGamesPro.com.

Borgata Casino Ready to Offer Sports Betting on First Day It Becomes Legal in New Jersey

Posted by Costin Dinescu on 5:06 PM
Casino News Daily
Borgata Casino Ready to Offer Sports Betting on First Day It Becomes Legal in New Jersey

Atlantic City’s highest grossing casino resort, Borgata Hotel Casino & Spa, is ready to begin offering sports betting on the very day the provision of that service is legalized by New Jersey lawmakers, officials for the property said Tuesday.

The Borgata already features a facility for betting on horse racing and casino officials revealed plans to rename it as The Race & Sports Book once sports betting becomes legal in New Jersey. The venue will also open a separate sports betting facility, the plans for which are being finalized by owners.

The Borgata is owned by Las Vegas gaming and hospitality giant MGM Resorts International. The hotel and casino resort has long been Atlantic City’s most profitable property. It generated gaming revenue of $803.6 million in 2017. In comparison, Harrah’s, the second highest grossing casino in the city, reported revenue of $363.7 million last year.

Commenting on the recently lifted federal ban on sports betting and his casino’s plans, Borgata President Marcus Glover said Tuesday that the property is uniquely positioned as Atlantic City’s only one to be featuring a race book already. Mr. Glover added that Borgata’s owner, MGM, has years of experience in operating sports betting in Nevada, which will help them launch their sports book in New Jersey.

It was also understood that the Borgata has been readying itself for the decision of the US Supreme Court for quite some time and has been crafting its strategy for operating a sports betting business at the existing resort to make sure it would be launched in due time.

Sports Betting in New Jersey

New Jersey has actually been the state to push most actively for the annulment of the long-standing federal ban on sports betting. The US Supreme Court decided to review the state’s case last year and ruled on it last week.

Under the ruling, it is now up to each individual state to determine whether it should legalize sports betting within its borders. Prior to last week, sports betting was prohibited everywhere across the United States but Nevada and three more states.

With New Jersey being a backer of the legalization of sports betting, the actual introduction and implementation of a regulatory framework is not expected to come upon any major stumbling blocks. It is believed that the state’s sports betting law could be passed by legislators and enacted by early June.

Almost all of Atlantic City’s operational casinos have said that they would offer sports betting once the activity becomes legal in the state. It is also important to note that its two new casinos – Hard Rock Atlantic City and Ocean Resort Casino, both slated to open doors on June 28 – are too planning to feature sports betting.

The post Borgata Casino Ready to Offer Sports Betting on First Day It Becomes Legal in New Jersey appeared first on Casino News Daily.

$2 Million Pro Football Frenzy online customer engagement promotion -- ENGAGED NATION

Posted by Costin Dinescu on 10:39 AM
eGaming
$2 Million Pro Football Frenzy online customer engagement promotion -- ENGAGED NATION

Engaged Nation recently announced its redesigned and enhanced $2 Million Pro Football Frenzy online sports program that leverages the entire professional football season to drive customer acquisition, engagement and bottom-line revenue.

Governor of Connecticut Seeks New Compact with Local Indian Tribes

Posted by Costin Dinescu on 5:27 AM
CasinoGamesPro.com
Governor of Connecticut Seeks New Compact with Local Indian Tribes

Governor Dannel P. Malloy is currently having negotiations with the Indian tribes of Connecticut about sharing sports betting and revenue agreement. The talks are happening at a time when a special legislative session which would make sports betting legal in the state is awaited. Governor Malloy welcomed the US Supreme Court ruling to open up […]

The post Governor of Connecticut Seeks New Compact with Local Indian Tribes appeared first on CasinoGamesPro.com.

Nigerian Lawmakers Scold Local Lottery Commission for Regulatory Failures

Posted by Costin Dinescu on 5:09 PM
Casino News Daily
Nigerian Lawmakers Scold Local Lottery Commission for Regulatory Failures

The Nigerian Lottery Regulatory Commission (NLRC) has faced the criticism of the local House of Representatives, with the latter blaming it for its failure to impose effective regulation of the sector.

According to local lawmakers, it was the Commission that was responsible for the failures in implementing the sector’s regulation efficiently, which on the other hand resulted in Nigeria losing an amount estimated at more than ₦1.493 trillion. The NLRC, on the other hand, has blamed lack of efficient regulation in the industry for the unsatisfactory revenue amount generated by the sector.

As far as the sector’s performance is concerned, Bello Maigari, the acting National Lottery Trust Fund’s Executive Secretary shared that the trend of the sector failing to meet its revenue target has been going on for several years now. According to Mr. Maigari, who spoke before the House Committee on Inter-Governmental Affairs, the revenue target of ₦1.5 trillion could hardly be reached by the sector, which was only able to generate approximately ₦7 billion in 13 years.

Considering the estimated high potential of the local market, the 5-year cumulative returns amounting to a little over ₦7 billion, which was found completely unacceptable for the sector. Mr. Maigari also shared his regret that the Nigerian lottery industry’s revenue growth was hurt by foul practices, conflict of interest, etc.

New Legislation Needed by the Sector

For the time being, there are a total of 21 operators who offer licensed lottery products across the country, after their operating licenses were given the green light by the President Muhammadu Buhari. The Nigerian House of Representatives has already threatened the operators that were found guilty of not paying the amount due to authorities by withdrawing their licenses.

The Executive Secretary of the National Lottery Trust Fund further noted that the lack of proper regulation in the country has been beneficial for the lottery and gaming operators there. Mr. Maigari further reminded that according to some industry experts, the Nigerian lottery sector is actually the most attractive market on the territory of Africa.

According to estimates, the lottery has made a significant contribution to the Gross Domestic Product (GDP) not only of Nigeria but also of other countries in Africa. For the time being, approximately 7.5 million Nigerian citizens were betting on lotteries on a daily basis. The number of Nigerians engaged in sports betting operations every day amounted to approximately 22 million.

Lanre Gbajabiamila, the Director General of the NLRC, also shared his opinion of local lottery legislation, saying that the fact that Nigerian laws on the matter were not up-to-date with the contemporary state of the market, which was also the reason why inadequate legislation has contributed to the slow growth of the sector. Still, Mr. Gbajabiamila explained that the Commission is aimed at helping the sector reach international standard, despite there was a lot of work to be done in terms of renewal of the already existing laws.

The post Nigerian Lawmakers Scold Local Lottery Commission for Regulatory Failures appeared first on Casino News Daily.

Malta Gaming Authority Brings Unified Self-Exclusion System to Remote Operators

Posted by Costin Dinescu on 10:51 AM
CasinoGamesPro.com
Malta Gaming Authority Brings Unified Self-Exclusion System to Remote Operators

Malta is Europe’s online gaming hub which seems to be on a constant pursuit of improvement and refinement of its gaming regulations. The latest news brings the spotlight to the new Unified Self-Exclusion System which is going to affect the operation of the operators developing their remote operation under a license issued by Malta Gaming […]

The post Malta Gaming Authority Brings Unified Self-Exclusion System to Remote Operators appeared first on CasinoGamesPro.com.

Lawrence Ho changes Russia for Japan

Posted by Costin Dinescu on 5:15 AM
Casino News – Focus Gaming News
Lawrence Ho changes Russia for Japan

The casino mogul has given up his business in Russia in order to improve his chances to score a casino licence in Japan.

The post Lawrence Ho changes Russia for Japan appeared first on Focus Gaming News.

Italy’s Government Proposes New Potentially Damaging Gambling Bill

Posted by Costin Dinescu on 10:42 PM
CasinoGamesPro.com
Italy’s Government Proposes New Potentially Damaging Gambling Bill

Italy seems to be well on its way to introduce new regulations to its gambling field on its pursuit to provide the players with better protection. It was recently announced that the government has proposed a new bill which is still in its draft state. The said bill could potentially harm the gambling sector by […]

The post Italy’s Government Proposes New Potentially Damaging Gambling Bill appeared first on CasinoGamesPro.com.

UK operator finishes operations of Bradford venue 

Posted by Costin Dinescu on 5:06 PM
Casino News – Focus Gaming News
UK operator finishes operations of Bradford venue 

UK’s largest casino operator Grosvenor Casinos is closing its Bradford venue.

The post UK operator finishes operations of Bradford venue  appeared first on Focus Gaming News.

Chinese Government Unlikely to Allow Casino Gambling in Hainan, Experts Say

Posted by Costin Dinescu on 10:57 AM
Casino News Daily
Chinese Government Unlikely to Allow Casino Gambling in Hainan, Experts Say

Last week, casino industry experts refuted rumors that the island of Hainan, also known as “China’s Hawaii”, is set to become the next casino hub in the country. Still, they confirmed that the island could open doors for several kinds of sports lotteries.

In February 2018 it became clear that the Chinese Government has been mulling the legalization of some gaming options on Hainan Island – a step that could end the gambling monopoly of Macau. Then, in April, the Government revealed that it would officially legalize horse racing and some new types of sports lotteries on the Island as part of its effort to turn Hainan into the largest pilot free-trade port.

However, the South China Morning Post revealed that Su Guojing, the founder of the China Lottery Industry Salon and a gambling sector expert, explained in an interview at the Macau-based Global Gaming Expo Asia 2018 that casino gambling contradicted to the overall ideology and legislation of China. According to Mr. Su, for the time being, it was almost impossible for the Government to permit land-based casinos to be established outside the gambling hub of Macau.

According to Mr. Su, the legalization of horse racing in Hainan could take a very long time to develop. He further explained that the country’s Government should pay much more attention to Sanya and its development to a global home port for cruises.

China to Keep Its Gambling Ban Almost Intact

For the time being, all forms of gambling, except for two types of lotteries, are officially suspended under a gambling ban imposed by the Chinese Government. As mentioned above, horse racing operations are permitted to a limited extent. However, sports betting services are fully banned in the country. Other forms of gambling are currently permitted only in the autonomous region of Macau, which is currently the only place in China where gambling in casinos is allowed.

Recently, rumor has it that the country’s authorities have been considering whether to lift some of the restrictions imposed on gaming operations on land and allow them on boats.

Sanya currently attracts the largest number of tourists in the province of Hainan as a whole. According to a report issued by the online travel booking agency Ctrip, a total of 18 million visitor arrivals were registered in Sanya last year. Up to date, the city offers about 14 cruise routes traveling to various countries and is also a stopping point for some of the largest cruise operators which could help it become a global cruise destination.

As far as opening Hainan to gambling operations is concerned, the Chinese Government has been considering such a step as part of its efforts to help the economy of the ailing southernmost province. For many years, the administrative region of Macau has kept a monopoly on casino gambling operations, with the region having attracted some of the largest casino operators on a global scale.

The post Chinese Government Unlikely to Allow Casino Gambling in Hainan, Experts Say appeared first on Casino News Daily.

Andorra to Announce Winning Casino Bidder within Weeks

Posted by Costin Dinescu on 5:12 AM
Casino News Daily
Andorra to Announce Winning Casino Bidder within Weeks

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

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

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

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

Multi-Million Investment Proposals

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

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

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

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

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

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

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

Monsterstack Madness Attracts 508 Players to €100,000 GTD Main Event

Posted by Costin Dinescu on 11:00 AM
CasinoGamesPro.com
Monsterstack Madness Attracts 508 Players to €100,000 GTD Main Event

The Monstertack Madness Poker Festival is scheduled to see its final day today and participants ready to occupy the throne are completely ready for the battle on the felt. With all starting flights already out of the way only the best participants registered remain and at the moment the overall chip leader among them is […]

The post Monsterstack Madness Attracts 508 Players to €100,000 GTD Main Event appeared first on CasinoGamesPro.com.

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

Posted by Costin Dinescu on 5:06 AM
Casino News Daily
Will Atlantic City’s Two New Casinos Oversaturate Its Recovering Gaming Market?

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

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

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

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

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

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

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

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

Details about the Two Casinos

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

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

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

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

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

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

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

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

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

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

Expectations

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

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

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

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

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

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

Pennsylvania’s 34-pct Sports Betting Revenue Tax Could Cripple Budding Field

Posted by Costin Dinescu on 11:27 AM
CasinoGamesPro.com
Pennsylvania’s 34-pct Sports Betting Revenue Tax Could Cripple Budding Field

When it comes to sports betting everyone is excited to hear the latest happenings around the new budding field and what opportunities it as on offer. The state of Pennsylvania has been preparing for the eventual scrapping of the PASPA and in the process of doing so, the taxes applied to the field were also […]

The post Pennsylvania’s 34-pct Sports Betting Revenue Tax Could Cripple Budding Field appeared first on CasinoGamesPro.com.

Biggest World Series of Poker Main Event Winners

Posted by Costin Dinescu on 5:06 AM
Casino News Daily
Biggest World Series of Poker Main Event Winners

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

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

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

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

Jamie Gold – $12,000,000

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

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

Martin Jacobson – $10,000,000

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

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

Peter Eastgate – $9,152,416

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

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

Jonathan Duhamel – $8,944,138

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

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

Pius Heinz – $8,715,638

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

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

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

PA casino revenue down 1.56 pct in April

Posted by Costin Dinescu on 10:40 PM
Casino News – Focus Gaming News
PA casino revenue down 1.56 pct in April

As casino operators await for sports betting, table revenue dragged the 12 companies’ numbers down 1.56 per cent in April.

The post PA casino revenue down 1.56 pct in April appeared first on Focus Gaming News.

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

Posted by Costin Dinescu on 5:30 PM
Casino News Daily
Harrah’s New Orleans Series High Roller Promises Top Players $100K Guarantee

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

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

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

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

More Titles and Rings Awarded at Harrah’s New Orleans

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

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

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

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

New Jersey Lawmakers Pinpoint 7th June for Sports Betting Framework Vote

Posted by Costin Dinescu on 11:00 AM
CasinoGamesPro.com
New Jersey Lawmakers Pinpoint 7th June for Sports Betting Framework Vote

The sports betting industry is well on its way in the United States since the beginning of this week brought significant changes to the way sports wagering is being perceived across the state. New Jersey is the state that has always been the biggest supporter of the gambling activity and now the state might become […]

The post New Jersey Lawmakers Pinpoint 7th June for Sports Betting Framework Vote appeared first on CasinoGamesPro.com.

Macau Junket Operator Suncity Examines Japan’s Future Casino Field

Posted by Costin Dinescu on 5:30 AM
CasinoGamesPro.com
Macau Junket Operator Suncity Examines Japan’s Future Casino Field

The gambling field in Japan appears to be well on its way and this has resulted in the increased interest of casino operators towards the budding field providing them with opportunity for a new operation. Suncity Group which is one of the most-renown junket operators in Macau has made it clear that it will find […]

The post Macau Junket Operator Suncity Examines Japan’s Future Casino Field appeared first on CasinoGamesPro.com.

Videoslots Launches Industry First My RTP Feature

Posted by Costin Dinescu on 10:57 PM
eGaming
Videoslots Launches Industry First My RTP Feature
Malta-based online casino operator Videoslots has enhanced its offering with the launch of “My RTP,” a pioneering analytics tool designed to bring greater engagement and transparency to the online casino experience.

Louisiana Lawmakers Greenlight Riverboat Casinos Onshore Relocation

Posted by Costin Dinescu on 4:45 PM
CasinoGamesPro.com
Louisiana Lawmakers Greenlight Riverboat Casinos Onshore Relocation

The state of Louisiana is going through a riveting period when it comes to its gambling field and this could be easily seen by the latest happenings revolving around its riverboat casino venues. This Wednesday saw major development as the state lawmakers gave their nod to the relocation of riverboat casinos to the shore where […]

The post Louisiana Lawmakers Greenlight Riverboat Casinos Onshore Relocation appeared first on CasinoGamesPro.com.

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

Posted by Costin Dinescu on 10:54 AM
Casino News Daily
Brennan Benglis Wins First Circuit Ring with $365 NLH 6-Max Victory

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

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

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

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

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

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

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

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

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

Louisiana Senate Extends Caesars Entertainment’s Deal for Harrah’s Casino

Posted by Costin Dinescu on 4:48 AM
Casino News Daily
Louisiana Senate Extends Caesars Entertainment’s Deal for Harrah’s Casino

The Louisiana Senate approved legislation on Wednesday that extends Caesars Entertainment’s contract for operating Harrah’s Casino in New Orleans. If approved by the House, the bill would allow the company to operate the casino for another twenty to thirty years, provided it invests $350 million in a major overhaul over the next four years.

In a 21-16 vote that barely covered the minimum of 20 votes, the Senate approved an amendment that puts a cap of $20 million on the additional minimum payment in taxes to the state. Under the proposal, which still needs to pass the House and receive Gov. John Bel Edwards’ approval, the casino would have to pay the State of Louisiana at least $83.6 million a year. In addition, the minimum annual payments to New Orleans would be $6 million. The legislation, namely House Bill 553 (HB533), extends Caesars Entertainment Corporation’s state gambling license by 20 years with an option for another 10 years. The current 25-year lease allowing Caesars to operate Harrah’s expires in 2024.

The deal passed by the Senate on Wednesday also includes a one-time payment of $40 million. The company would have to pay upfront around $30 million to the state and another $10 million to New Orleans. According to another provision in the bill, Caesars may need to double this contribution if it decides to transfer the property lease. The operator is expected to give the lease to a Real Estate Investment Trust (REIT) in the coming months or years. Additionally, it would have to spend $350 million in a large-scale modernization and renovation project that envisions a new hotel to be added to the casino complex.

Before Caesars can continue with its plans for the New Orleans casino, HB533 will have to receive the House’s approval. On March 29, the House passed the bill sponsored by Taylor Barras, R-New Iberia, but the current version of the proposal requires Caesars to increase the payments it makes to the state as taxes. It is, therefore, still uncertain whether the company would agree to the new terms but according to Harrah’s New Orleans General Manager Don Real, the deal is a positive and visionary change that would be beneficial for both the city and the casino.

Gambling Expansion without Full Support from Legislators

If HB533 receives support from the House, it will be the second gambling bill approved by legislators. On Tuesday, the House passed major legislation that allows riverboat casinos to come to land and offer more slot machines. Under Senate Bill 316, Louisiana’s 15 floating casinos will crawl out of the water to become land-based casinos. Currently, casinos in the state need to have operational paddle wheels to be granted gambling licenses, even though they remain docked instead of actually sailing. Approved by both the Senate and the House, the bill is expected to be easily ratified by Gov. John Bel Edwards.

Another piece of legislation, Senate Bill 417, is still nowhere near becoming a law. If passed, it would allow a riverboat casino to move from Bossier Parish to Tangipahoa Parish. More importantly for the gambling industry in the state, Louisiana lawmakers decided not to allow sports betting. Earlier, the Senate Finance Committee rejected a proposal by Sen. Danny Martiny, R-Kenner, that would legalize sports wagering. This came in sharp contrast to the historic SCOTUS ruling on Monday, which overturned the state-wide ban on sports betting, known as PASPA (Professional and Amateur Sports Protection Act of 1992).

As the Supreme Court views the ban unconstitutional, individual states will now start to pass sports betting legalization legislature. Louisiana, however, will not be among them. And it will miss huge opportunities, Senator Martiny believes, explaining that this indistry would be one of the biggest money generators in the state.

The post Louisiana Senate Extends Caesars Entertainment’s Deal for Harrah’s Casino appeared first on Casino News Daily.

SG Digital Preps for Sports Betting with N.J. Regulators

Posted by Costin Dinescu on 11:21 PM
eGaming
SG Digital Preps for Sports Betting with N.J. Regulators
SG Digital, a division of Scientific Games, has commenced sportsbook product review sessions with New Jersey’s Division of Gaming Enforcement (DGE).

NagaCorp Issues $300 Million Notes Pursuing NagaWorld Renovation

Posted by Costin Dinescu on 4:46 PM
CasinoGamesPro.com
NagaCorp Issues $300 Million Notes Pursuing NagaWorld Renovation

One of the leading casino developers and operators in the Asian region, NagaCorp Ltd. recently made clear its intent to issue publicly senior notes amounting to some $300 million in an attempt to generate capital for the development of its VIP segment. This Tuesday brought the news that the casino developer has inked an official […]

The post NagaCorp Issues $300 Million Notes Pursuing NagaWorld Renovation appeared first on CasinoGamesPro.com.

Sandeep Vasudevan Wins $365 PLO Event at Harrah’s New Orleans

Posted by Costin Dinescu on 10:58 AM
Casino News Daily
Sandeep Vasudevan Wins $365 PLO Event at Harrah’s New Orleans

Sandeep Vasudevan emerged victorious in the fourth event of the Harrah’s New Orleans series after defeating more than 150 entrants and claiming the first-place prize of $12,314. The San Antonio resident won his second career WSOP ring after his first ring came with a win at the $365 No-limit Hold’em event at the Horseshoe Casino in Bossier City, Louisiana.

This is also the second time Vasudevan takes the first place at a WSOP tournament and the third time he takes part in a Pot-limit Omaha event. After a couple of third place finishes, however, he managed to survive the final table and claim the title. Starting Monday, May 14, the two-day $365 Buy-in PLO Re-Entry event attracted an entry field of 152 players and collected a total prize pool of $45,600. Only 18 poker players made to the money and after Jeremy Morrow was eliminated in 10th place, the final nine finalists continued to play to determine the next WSOP series winner.

The final table started with six-time ring winner John Holley as the chip leader, who lost some of his stack after a few hands. Tomer Mushin took the lead before the end of the evening, while Holley finished Day 1 eight in chips. Mushin had 303,000 in chips that put a good distance between him and the following entrants Sandeep Vasudevan (244,000) and Rebecca Campbell (220,000). Day 2 of the tournament started with 5,000/10,000 blinds and 45-minute long levels, while those who survived were guaranteed at least $1,097.

Jang Hong received the minimum prize when he finished 9th and the second player to leave the final table was Paul Cogliano (8th, $1,376). Sean Moore was next with a prize of $1,754, followed by Tomer Mushin (6th, $2,272) and Rebecca Campbell (5th, $2,994). Holley who was hoping to get the 7th WSOP ring in his career was eliminated next and banked $4,014 for his fourth place. When Clayton Bates finished in the 3rd position ($5,477), he left the Indian-born Sandeep Vasudevan and Mitchell Smith from Palm Beach, Florida, to face heads-up for the title. Vasudevan started with a nearly 2-to-1 chip lead but Smith quickly took it and after a long play, Vasudevan emerged victorious. He received the title and a cash prize of $12,314 while Smith took home $7,609 for his runner-up position.

Jeff Turton Leads the $365 NLH 6-Handed Re-Entry Final Table

The final stop of the 2017/2018 season of the World Series of Poker at Harrah’s New Orleans continues with the $365 No-Limit Hold’em 6-Handed Re-Entry event. It started Tuesday and when registration closed, a total of 336 players had bought in the tournament. They contributed to a prize pool of $100,800, which would be shared among the top 36 entrants with a minimum cash of $529. Staff at the casino estimate that the winner will walk away with a prize of $25,206.

By the end of Tuesday night, the final eight players were clear. Jeff Turton from Durham, North Carolina, held a massive chip lead over the rest of the players on the final table with 1,328,000 in chips. The next player in the chip count is David Holmes with 522,000, followed by four-time ring winner David Nicholson with 306,000, and Blake Whittington who had 234,000. Next came in circuit regular Jesse Capps who bagged 220,000, followed by Mike Azzaro with 197,000.

They return at the final table at 1.00 p.m. to play down to a winner with a minimum cash guaranteed of $2,821. The winner, promised a great prize of $25,206, is to be determined in the following hours when play for the $365 NLH 6-Handed Re-Entry event resumes at Harrah’s New Orleans.

The post Sandeep Vasudevan Wins $365 PLO Event at Harrah’s New Orleans appeared first on Casino News Daily.