Booming Digital Sector Drives Growth across Sweden’s Advertising Market [Infographic]

Posted by Costin Dinescu on 3:39 PM
CasinoGamesPro.com
Booming Digital Sector Drives Growth across Sweden’s Advertising Market [Infographic]

Digital advertising is claiming bigger and bigger share of the global advertising market with every year that passes. And within the digital sector, more and more advertisers are getting to recognize mobile а preferred medium to deliver attractive content and to target a wider range of consumers. In Sweden, digital has already taken over as […]

The post Booming Digital Sector Drives Growth across Sweden’s Advertising Market [Infographic] appeared first on CasinoGamesPro.com.

Dennis Blieden Leads 13 Players into Day 5 of WPT LAPC Championship

Posted by Costin Dinescu on 9:46 AM
Casino News Daily
Dennis Blieden Leads 13 Players into Day 5 of WPT LAPC Championship

The field of this year’s edition of the WPT L.A. Poker Classic $10,000 Championship was whittled down to just 13 contenders from a 493-strong field. Dennis Blieden, a player with two previous live tournament cashes, will be leading the pack of survivors into the penultimate day of WPT action at the host venue, Commerce Casino.

Blieden is a Los Angeles-based player. As mentioned above, his HendonMob profile shows only two previous in-the-money finishes in live poker events. They were both tournaments on the schedule of the World Series of Poker.

Being one of the 13 finalists, Blieden has already secured a minimum payout of $57,300 from the WPT LAPC Main Event to boost his current poker bankroll of a little less than $22,000. What is more, the player has a real shot to win his first WPT Main Tour Main Event.

Blieden bagged and tagged 2.88 million at the end of Day 4, which was played on Tuesday at the host venue. The player was the only one of all three survivors to pass the two-million mark and is well ahead of his fellow contenders. Toby Lewis had the second largest chip stack when play concluded last night, bagging a total of 1.76 million. Derek Walters rounded out the top three of the chip counts chart last night with 1.501 million.

Former WPT Champions Still in Contention

One-time WPT winner Zachary Smiley is going for his second title from the series. The player ended Day 4 with the shortest stack, but has every chance to improve on Day 5. Anthony Zinno, holder of three WPT titles, is also still in contention.

If he wins the event, he will become the first player in WPT history to hold four Main Event titles from the series. At present, Zinno is tied with Gus Hansen, Carlos Mortensen, Darren Elias, and Chino Rheem, with each of them being winner of three titles. Zinno bagged and tagged 1.024 million last night and is in the middle of the chip counts chart for Day 5.

Here it is also important to note that he can also become the first player ever to win the same WPT Main Event twice. Zinno captured his first LAPC Main Event title in 2015.

Play is set to resume today at noon local time at the host casino. As mentioned above, each of the 13 finalists has locked a minimum cash of $57,300 from the series. The remaining survivors will play down to official six-handed final table. That concluding stage of the tournament will take place on Thursday, March 1, at the host venue. The finalists will play until a winner is determined. The last person standing will receive a first-place prize of $1 million, a seat into the WPT Tournament of Champions, and a fancy Hublot watch.

The post Dennis Blieden Leads 13 Players into Day 5 of WPT LAPC Championship appeared first on Casino News Daily.

Greek Gambling Regulator to Begin Preparations for Hellinikon Casino Bidding Process Soon

Posted by Costin Dinescu on 3:46 AM
Casino News Daily
Greek Gambling Regulator to Begin Preparations for Hellinikon Casino Bidding Process Soon

The Hellenic Gaming Commission is planning to begin preparations for the launch of a bidding process for the construction of a casino as part of the Hellinikon integrated resort project within the next 20 days, local news outlets reported.

Last week, the Greek Council of State, known to be the country’s top administrative court, gave the green light to the local casino regulator to commence work on the call for tender process. The Gaming Commission will now have to prepare the necessary documentation so that the bidding process is conducted in a proper manner.

According to local media, the regulatory body is planning to complete the necessary preparations by June of this year. Two consultants will be hired to guide the Commission through the process. However, it is believed that the actual call for bids would not be launched before September, if no legal obstacles occur. If hurdles of legal or any other nature emerge, the process could be delayed to the end of the year.

The Hellinikon project includes the redevelopment of a 620-hectare coastal site that had previously been occupied by the Ellinikon International Airport. It had previously served as the Greek capital’s international airport for six decades.

Details about the Mega-Scheme

Greek real estate developer LAMDA Development plans to invest more than $8 billion into converting the former airport into a lavish coastal resort. The Greek company has been approached by investors from China and Abu Dhabi to work together on the major project.

The mega-scheme involves the construction of several high-rise buildings and multiple accommodation, residential, food and beverage, and entertainment facilities. The casino portion of the resort is planned to occupy a 15,000-square-meter site at one of the towers. The actual gaming floor will spread across 8,000 square meters while the remaining 7,000 square meters will feature non-gaming facilities that will aim to cater to the casino’s patrons.

According to preliminary forecasts, the casino is expected to generate gross gaming revenue of more than €700 million in the long term. However, the planned opening of Melco Resorts & Entertainment’s City of Dreams Mediterranean in Cyprus in 2021 could deter the Hellinikon casino from meeting original expectations. The two properties will be located not far apart in a region that is yet to establish itself as a major casino gambling hub.

Local news outlets have previously reported that Las Vegas casino operator Caesars Entertainment Corp. has informed Hellinikon developers about its interest to potentially join the mega-project. It is believed that more international casino companies would express interest in the ambitious project once the bidding process is launched. However, if Caesars ends up as the preferred bidder this would bring a second casino giant to the Mediterranean region.

At present, the Las Vegas company operates more than 40 casinos across the United States and has said that would be looking to expand across other jurisdictions.

The post Greek Gambling Regulator to Begin Preparations for Hellinikon Casino Bidding Process Soon appeared first on Casino News Daily.

Slot Machine Supplier Ainsworth Sees Slashed Net Profit for 1H of Fiscal 2018

Posted by Costin Dinescu on 4:15 PM
CasinoGamesPro.com
Slot Machine Supplier Ainsworth Sees Slashed Net Profit for 1H of Fiscal 2018

Ainsworth Game Technology is one of the leading brands which provides the Australian market with sloth machines and many entities seem to rely on its services. Information was issued this Tuesday that the net profit performance of the company has seen a plunge in the first half of its financial year 2018 amounting to some […]

The post Slot Machine Supplier Ainsworth Sees Slashed Net Profit for 1H of Fiscal 2018 appeared first on CasinoGamesPro.com.

Atlantic City Labor Union Pens Agreement with New Trump Taj Mahal Casino Owner

Posted by Costin Dinescu on 9:42 AM
Casino News Daily
Atlantic City Labor Union Pens Agreement with New Trump Taj Mahal Casino Owner

Officials for labor union UNITE HERE Local 54 and casino operator Hard Rock International have signed a “card count neutrality” agreement, the Press of Atlantic City reported.

The agreement could help the union return at the former Trump Taj Mahal casino resort, which Hard Rock is currently converting into what would be Hard Rock Hotel & Casino Atlantic City. The property is scheduled to be reopened in June.

Under the agreement between Local 54 and Hard Rock, the operator should agree as an employer to recognize the labor union as the official “bargaining agent of the employees” if a third party confirms that the greater number of employees have signed UNITE HERE Local 54 membership cards.

Hard Rock Hotel & Casino Atlantic City is currently taking shape at the site of Trump Taj Mahal, once owned by US President Donald Trump. The lavish casino resort closed doors in the fall of 2016 amid a workers’ strike involving Local 54 members. They picketed the property for over a month, asking to have their previous health insurance and pension packages restored. In the early 2010s, workers gave up on certain benefits to save the ailing Trump Taj Mahal from bankruptcy.

The property was owned by New York businessman Carl Icahn back in 2016 when it was shuttered. Mr. Icahn blamed the closure of the hotel and casino complex namely on the strike, arguing that it had hurt Trump Taj Mahal’s profitability beyond repair.

New Job Opportunities

The closure of Trump Taj Mahal left 3,000 people unemployed, including 1,000 Local 54 members. The property was purchased by Hard Rock International in the spring of 2017 for a reported price of $50 million. The Florida-headquartered casino operator pledged a $500-million investment into the India-themed resort, promising to convert it into a typical Hard Rock property, replacing its iconic minarets with rock’n’roll features.

The redevelopment project is expected generate over 1,000 jobs during construction and more than 3,000 jobs once fully operational.

Under the “card count neutrality agreement” Unite 54 local members, who were previously employed at Trump Taj Mahal, could return to the redesigned property.

Under the neutrality clauses of the agreement between the labor union and Hard Rock, the latter has agreed not to prevent its staff members from joining Local 54, if they wish, and the Union and its members have agreed not to disrupt their workplace through strikes and similar initiatives.

In comments to the Press of Atlantic City, both parties have said that they were content with the agreement. Bob McDevitt, President of Local 54, praised the Hard Rock management, saying that the company seemed to understand how Atlantic City’s market worked. Hard Rock officials, in turn, pointed out that their work with the labor union would help them enter Atlantic City successfully.

The post Atlantic City Labor Union Pens Agreement with New Trump Taj Mahal Casino Owner appeared first on Casino News Daily.

Ladbrokes, Paddy Power, bet365, and CrownBet Bid for William Hill’s Australian Gambling Business

Posted by Costin Dinescu on 3:50 AM
Casino News Daily
Ladbrokes, Paddy Power, bet365, and CrownBet Bid for William Hill’s Australian Gambling Business

William Hill has received four offers from fellow gambling operators for its Australian business, the Australian Financial Review reported on Monday. The winning bidder is set to undergo due diligence before the end of the week and is expected to assume control over the Sportingbet brand next month.

William Hill acquired the Australian and Spanish operations of Sportingbet as well as the Centrebet and Tom Waterhouse online wagering brands in 2013 for the total amount of £485 million. Last month, the British bookmaker announced that it was reviewing its Australian business and that its sale was under consideration.

It then became clear that William Hill has hired financial services firm Citi to set up a formal bidding process for its Australian operations and law firm Clifford Chance to guide the operator through the sale process.

It was understood that Paddy Power Betfair’s Australian business Sportsbet, Ladbrokes, and bet365 have all made offers for William Hill’s Australian betting brands, each valuing these at around A$200 million. According to the Australian Financial Review, Australia’s CrownBet was the fourth bidder. The online sports betting business of local casino operator Crown Resorts is itself in the middle of a change of ownership.

Late last year, Crown Resorts agreed to sell its 62% stake in the wagering business to a group of investors that included CrownBet’s CEO Matt Tripp. The deal was expected to be finalized by the end of February.

What’s Next for Tom Waterhouse?

As mentioned above, William Hill entered Australia in 2013 with the acquisition of the Sportingbet, Tom Waterhouse, and Centrebet brands. All three were led by popular Australian bookmaker Tom Waterhouse at the time. In 2014, Mr. Waterhouse was appointed CEO of William Hill’s Australian business.

His future is still unclear in case a sale takes place. However, many believe that the preferred buyer would likely keep Mr. Waterhouse on board due to his extensive experience and connections within Australia’s betting scene.

Mr. Waterhouse made the headlines a few years ago due to what many considered too aggressive promotion of his Tom Waterhouse online betting business.

According to analysts from Macquarie, William Hill’s Australian business currently represents a 5% share of the nation’s betting market. The company’s Australian operations have underperformed for several years now. It is believed that latest regulatory developments within the country’s gambling landscape have further encouraged the British bookmaker to reconsider its presence in Australia.

Several states have recently introduced or confirmed that they would introduce a 15% point-of-consumption tax that would require bookmakers to contribute tax money to the jurisdictions where they provide their services in and not just in the jurisdictions where they are licensed.

A recently introduced ban on credit betting further restricted operators in their efforts to acquire bettors. Under the latest amendments to Australia’s Interactive Gambling Act, bookmakers can no longer extend credits to betting customers. The click-to-call betting feature introduced by offshore betting operators to circumvent previous gambling regulations has also been banned under the recent amendments.

The post Ladbrokes, Paddy Power, bet365, and CrownBet Bid for William Hill’s Australian Gambling Business appeared first on Casino News Daily.

Melco Looks For Cyprus Casino Resort Staff

Posted by Costin Dinescu on 4:15 PM
Casino News Daily
Melco Looks For Cyprus Casino Resort Staff

Casino operator Melco Resorts & Entertainment and its partner Cyprus Phasouri (Zakaki) Limited have begun searching for staff for their €550-million integrated resort, currently under development in the Cypriot city of Limassol.

The developers have recently opened the first job positions for people interested to work at the first casino resort in the Republic of Cyprus. The positions available include slot attendant, dealer, gaming machine supervisor, finance, security, and information technology vacancies. It is also important to note that Melco and its local partner are currently looking for staff for the four satellite casinos in Nicosia, Larnaca, Paphos, and the Famagusta area as well as for the temporary casino in Limassol that are all set to open doors later this year.

Melco has said on the official website of City of Dreams Mediterranean that it is looking for “proactive and passionate talent” to join its team in Cyprus.

The actual resort with the main casino floor is slated to be launched in 2021 in Limassol’s Zakaki area. City of Dreams Mediterranean, as the multi-use complex will be named, will also be located near the My Mall Limassol shopping center, which is known to be the largest property of its kind in the Republic of Cyprus. As mentioned above, a temporary casino will operate in Limassol, until the main gaming floor is finished.

Jobs and Increased Tourist Activity

City of Dreams Mediterranean is expected to generate 4,000 temporary jobs each year during construction. Once fully operational, the resort would employ more than 6,500 people directly and indirectly.

According to analysts, the mixed-use complex could bring an additional of 300,000 tourists each year. Melco has also recently pointed out that it would look to attract visitors all year round and thus turn the tiny Mediterranean nation into a tourist destination that does not rely heavily on seasonality. At present, Cyprus welcomes the greatest portion of international tourists in the period between May and October.

City of Dreams Mediterranean will be the first property of its kind to open doors in this part of Europe. However, it seems that the €550-million complex could face competition from another casino resort in the region shortly after its opening.

It has recently emerged that Greek developer Lamda Development, together with a group of international developers, is planning to build an $8-billion multi-purpose integrated resort near Athens. Among a number of other facilities, the complex will also include a casino floor.

Last week, Greece’s top administrative court gave the green light to the country’s gambling regulator to launch a bidding process for operators that want to run the casino portion of the mega-resort. According to previous reports from Greek media, Las Vegas giant Caesars Entertainment Corp. has been looking to join the scheme.

The post Melco Looks For Cyprus Casino Resort Staff appeared first on Casino News Daily.

Casino Developer Macau Legend Agrees on 60-Meters Project Height Limit

Posted by Costin Dinescu on 10:29 AM
CasinoGamesPro.com
Casino Developer Macau Legend Agrees on 60-Meters Project Height Limit

Macau is the largest gambling hub in the world and as such, it is prone to rapid turns of events, one of the recent ones involving Hong Kong-listed casino services firm Macau Legend Development Ltd. and its future plans for the development of its new location called Legendale Hotel which will be located at Macau […]

The post Casino Developer Macau Legend Agrees on 60-Meters Project Height Limit appeared first on CasinoGamesPro.com.

Jeju Shinhwa World Launches Casino Venue in Marriott Resort

Posted by Costin Dinescu on 3:48 AM
CasinoGamesPro.com
Jeju Shinhwa World Launches Casino Venue in Marriott Resort

The long-awaited official launch of the casino located in Jeju Shinhwa World took place this Sunday and brought new revenue opportunity to South Korea, as well as potential tourists flow to the gambling facility. Following the local government permission for gaming which was issued on 21st February, Landing International Development Ltd. was able to give […]

The post Jeju Shinhwa World Launches Casino Venue in Marriott Resort appeared first on CasinoGamesPro.com.

John Misirian Leads after WPT L.A. Poker Classic $10,000 Championship Day 1

Posted by Costin Dinescu on 10:21 AM
Casino News Daily
John Misirian Leads after WPT L.A. Poker Classic $10,000 Championship Day 1

The 2018 edition of the WPT L.A. Poker Classic $10,000 Championship kicked off on Saturday at Commerce Casino. As many as 475 entries registered for the prestigious tournament during its first day, but only 282 of them will progress into Day 2, which will be played later today at the host venue.

Action is scheduled to resume at noon local time and players who failed to join the field on Day 1 will be able to do that until the first break of Day 2 or around 1:45 pm local time. The tournament feature a freezeout format, which means that re-entries are not allowed.

John Misirian will be leading the start-of-the-day pack of contenders. The player assumed the chip lead at some point on Day 1 and cemented his position on the very last hand of the day by eliminating poker pro Sean Winter. Misirian bagged and tagged 234,300 worth in chips for the night.

The player comes fresh from a victory in an event that took place earlier during the ongoing LAPC poker festival. Talking with WPT staff, he said last night that that recent triumph had certainly built his confidence. Yet, he pointed out that one cannot be too confident, particularly in cases where the field is packed with poker professionals.

Feeling Comfortable When Playing with Good Players

Misirian revealed that playing with good poker players makes him feel more comfortable on the felt. The player went on to say that playing in an event that involves so many poker professionals provides opportunity to learn a lot.

According to his Hendon Mob profile, Misirian has a total of $268,377 in live tournament earnings. It can also be said that the player has mainly cashed in three-figure buy-in tournaments over the course of his career.

Day 2 of the $10,000 Championship will see the likes of Andy Frankenberger, Toby Lewis, and Richard Seymour take their seats after surviving the eight levels played on Day 1. However, former WPT Main Event champions Ryan Riess, Darren Elias, and Jared Jaffee did not make it through the day.

Registration will remain open through the first stages of Day 2, as mentioned above, which means that the field will certainly grow. Once registration closes, organizers will be able to calculate the prize pool and to announce the places paid and the first-place prize for the last player standing in the tournament.

Daniel Strelitz won the WPT LAPC Championship last year. The player bested a field of 521 entries to eventually scoop $1 million for his efforts. Streilitz entered this year’s event yesterday and survived through all eight levels to bag and tag 66,200 and secure a seat among the Day 2 participants. It is to be seen whether he will be able to win the exciting tournament for a second consecutive year. The Championship is set to be played through March 1.

The post John Misirian Leads after WPT L.A. Poker Classic $10,000 Championship Day 1 appeared first on Casino News Daily.

Fred Done Reported to Be in “Advanced Negotiations” to Sell Tote Stake

Posted by Costin Dinescu on 3:41 AM
Casino News Daily
Fred Done Reported to Be in “Advanced Negotiations” to Sell Tote Stake

Gambling industry veteran Fred Done is reportedly close to selling a 25% stake in the Tote to a “consortium of racing industry figures”, Sky News reported citing unnamed insiders. It is believed that the billionaire bookmaker is in advanced negotiations and a deal could be closed within the next several weeks.

Mr. Done and his brother, Peter, own British gambling operator Betfred, which manages one of the nation’s largest chains of betting shops.

The Tote was set up in 1928. Sir Winston Churchill, who was a racehorse owner and Chancellor of the Exchequer at the time, was one of the instigators of the horserace bookmaker. The Tote was owned by the Government until 2011, when it was acquired by Betfred in a £265-million deal.

The deal also secured Betfred with a seven-year monopoly on pool betting, which is set to expire on July 12. It became clear earlier this month that 54 British racecourses will launch new pools under the Britbet brand on the very next day after the end of Betfred’s monopoly.

Mr. Done responded to the announcement about the creation of the Britbet brand by revealing that his company’s 50 on-course shops would be closed and that it would withdraw all its race sponsorships it has inherited from the Tote.

Details about the Tote’s Sale

As mentioned above, Mr. Done would probably sell a 25% stake in the Tote, which means that he would keep his outright control over the horseracing bookmaker. According to Sky News, if a deal takes place, it would value the Tote at between £125 million and £150 million. In other words, the consortium of buyers could pay more than £30 million for the 25% stake.

Sources have revealed that the group of investors included former British Horseracing Authority board member – Eamon Wilmott, and former Merrill Lynch banker, Alex Frost. It is believed that Mr. Wilmott will be appointed Chairman of the Tote, if a deal is finalized, while Mr. Frost will take over as Chief Executive.

It was also understood that the consortium is planning to spend tens of millions of pounds on promoting the Tote and its services aggressively. According to sources, Mr. Done has said that if backed by significant marketing and technology investment, the Tote could increase its share in the British horseracing market, despite losing its monopoly.

Mr. Done is reportedly relaxed about the upcoming launch of the new Britbet brand as it does not have the liquidity of the Tote.

Betfred is the third largest operator in the UK in terms of betting shops operated across the country. It currently has more than 1,650 such shops. A pending crackdown on fixed-odds betting terminals is expected to hit bookmakers’ profitability significantly. The maximum stake wagered on the machines could be reduced to £2 from £100. The scope of the Government’s actions against one of the highest grossing segments of Britain’s gambling industry is yet to be revealed.

The post Fred Done Reported to Be in “Advanced Negotiations” to Sell Tote Stake appeared first on Casino News Daily.

A Casino Could Secure Convention Center for Sunshine Coast, City Council Believes

Posted by Costin Dinescu on 4:24 AM
Casino News Daily
A Casino Could Secure Convention Center for Sunshine Coast, City Council Believes

The possibility for the addition of a casino as part of the Maroochydore Central Business District development project is still being discussed by the Sunshine Coast Council, despite recent comments by Mayor Mark Jamieson that a facility of this type was not on their agenda at the time.

In a letter to the editor of local news outlet the Sunshine Coast Daily, City Councilor John Connolly said that the Council still believes a project, including a casino, under Queensland’s Integrated Tourism Development program was the right path to “securing a regional convention centre”.

Cr Connolly went on to say that the Sunshine Coast Council does not have the means to build a convention and exhibition center as soon as it might wish and that they have to consider different ways to fund a project of this kind.

Local media reported earlier this week that the Queensland Government has confirmed it had promoted a visit by Malaysian casino company NagaCorp to Sunshine Coast. The visit took place last fall. Reportedly, NagaCorp executives and an architect, who had previously worked on the company’s existing casino resort in Cambodia, met the Sunshine Coast Mayor to discuss opportunities for a future partnership.

State Tourism Development Minister Kate Jones said earlier that the meeting taking place did not necessarily mean that a casino would be included in the Maroochydore CBD development project.

Boost to Local Tourism

In his letter, Cr Connolly wrote that Sunshine Coast does not have a large convention center that is paid for by the government, unlike other regions around the state. According to the City Councilor, a project that would include a gaming floor as well as different non-gaming facilities could significantly help the city fulfill its plan for a convention and exhibition venue.

He went on to say in his letter that the Maroochydore CBD development, if it includes attractive enough offering, would boost the region’s construction sector significantly and would then boost the region’s and the state’s tourism sector. The official also pointed out that the city should not rule out that quickly the opportunities that a casino could create.

The Queensland Government has not confirmed that the addition of a casino to the Sunshine Coast development project has been debated. On the other hand, Minister Jones has confirmed that she would visit the Sunshine Coast in March to discuss tourism opportunities with Mayor Jamieson.

Federal and state MPs have fired at the Sunshine Coast Mayor for his failure to end the casino debate once and for all by ruling out the construction of a gambling venue in the city. Mr. Jamieson said earlier this week that the decision about a casino is not within his or the City Council’s power and that such a decision can only be made by the state government.

The post A Casino Could Secure Convention Center for Sunshine Coast, City Council Believes appeared first on Casino News Daily.

Unibet Open London £990 Main Event Continues towards Day 1B of Poker Action

Posted by Costin Dinescu on 4:18 PM
CasinoGamesPro.com
Unibet Open London £990 Main Event Continues towards Day 1B of Poker Action

Poker festivals always deliver a roller coaster of emotions to their participants and the UK field witnessed the start of a culminating poker tournament this Thursday. The poker scene in the UK saw the official start of the riveting action provided by the 2018 Unibet Open London £990 Main Event Day 1A saw quite the […]

The post Unibet Open London £990 Main Event Continues towards Day 1B of Poker Action appeared first on CasinoGamesPro.com.

Tyler Groth Wins WSOP Circuit Rio Las Vegas $365 Pot-Limit Omaha

Posted by Costin Dinescu on 9:50 AM
Casino News Daily
Tyler Groth Wins WSOP Circuit Rio Las Vegas $365 Pot-Limit Omaha

Last summer, Tyler Groth captured his first WSOP gold bracelet for winning a $1,000 Pot-Limit Omaha event at Rio All-Suite Hotel & Casino in Las Vegas. Last night, the player captured his first WSOP Circuit gold ring for winning another Pot-Limit Omaha event, a $365 buy-in one, at the very same casino.

Groth defeated a field of 153 entries over two days of play to win the tournament, the precious gold ring, and the amount of $12,850 in prize money.

Winning two Pot-Limit Omaha events, one of which on the schedule of the legendary WSOP, it very much seems that Groth is a Pot-Limit Omaha specialist. However, the player himself does not think so. He believes that Omaha 8 is the game he actually excels in. After last night’s triumph, Groth told WSOP staff that he has not played Pot-Limit Omaha that much to realize how good he might be in the four-card game.

Two years ago, the player quit his daily job to pursue a career in poker. He moved to Las Vegas and has been playing both cash games and tournament poker at local casinos since then. Groth said that as of lately, he has been more active on the tournament scene. It is also important to note that online poker has been a long-time love of his. He even pointed out last night that he has built the greater portion of his poker bankroll namely online.

The player also said that even though he is planning to go to Los Angeles and participate in the LAPC Main Event, set to take place over the weekend, he might go back to Vegas to join the field of the first ever WSOP Online Circuit event. The online gold ring event is scheduled for February 27.

Groth’s Performance in the $365 Pot-Limit Omaha

As mentioned above, the tournament was played over two days and as part of the WSOP Circuit’s Rio stop. The final day of the event took place on Thursday with nine players left to sit at the final table when cards were thrown in the air.

Groth was the chip leader at that point with significant advantage over his remaining opponents. The eventual winner had nearly 600,000 in chips and was well ahead of his fellow player ranking second in the chip counts chart. That player was Andrew Dennis who had a total of 200,000 at the time.

Groth maintained his lead throughout the day to eventually scoop the title and the first-place prize. He faced Benjamin Thomas heads-up as his final challenge before the sweet victory. Thomas, a WSOP Circuit regular from Baton Rouge, Louisiana, collected $7,944 for his runner-up finish in the Pot-Limit Omaha tournament.

The event attracted 153 entries who generated a prize pool of $45,900. The top 16 finishers received a share of the money.

The post Tyler Groth Wins WSOP Circuit Rio Las Vegas $365 Pot-Limit Omaha appeared first on Casino News Daily.

Sports Betting & Gaming India 2018 Summit Commences Next Week in Goa

Posted by Costin Dinescu on 4:15 AM
CasinoGamesPro.com
Sports Betting & Gaming India 2018 Summit Commences Next Week in Goa

The last days of the shortest month of the year are going to welcome one of the pivotal conventions in the gaming world in India, namely the Sports Betting & Gaming India 2018 Summit. According to the official schedule of the gaming congregation, it will take place on 27th and 28th February and it is […]

The post Sports Betting & Gaming India 2018 Summit Commences Next Week in Goa appeared first on CasinoGamesPro.com.

Gambling Software Giant Playtech Reports Slower 2017 Revenue Growth due to Malaysia Crackdown

Posted by Costin Dinescu on 4:09 PM
CasinoGamesPro.com
Gambling Software Giant Playtech Reports Slower 2017 Revenue Growth due to Malaysia Crackdown

Playtech is one of the most recognizable names in the gaming industry, as the British software provider works closely with many gambling operators on a day to day basis. However, despite its popularity, the brand recently reported that the company has experienced slower growth rates in comparison to its performance throughout 2016. Even though there […]

The post Gambling Software Giant Playtech Reports Slower 2017 Revenue Growth due to Malaysia Crackdown appeared first on CasinoGamesPro.com.

WSOP Main Event Champions to Clash at the Bicycle Casino Next Week

Posted by Costin Dinescu on 10:37 AM
Casino News Daily
WSOP Main Event Champions to Clash at the Bicycle Casino Next Week

Former WSOP Main Event Champions will be the stars of the Live at the Bike! poker web show next Thursday and Friday, it has been announced. They will clash in cash games at the Bicycle Casino in Los Angeles, California and action will be streamed live on the Twitch and YouTube channels of Live at the Bike!

On Thursday, March 1, players will compete in a $10,000-worth Sit’n’Go. On Friday, they will sit around the poker tables of the Bicycle Casino for a $25/$50 cash game.

Johnny Chan, Jonathan Duhamel, Ryan Riess, Joe McKeehen, and Scott Blumstein were confirmed for next week’s live stream. It is yet to be seen whether more WSOP Championship winners are to join.

Originally launched back in 2005, Live at the Bike! takes pride in being the first live streamed poker web show and the first such show to stream live cash game action from the Bicycle Casino. Its episodes feature raw and unedited poker-related poker.

A Little Bit More about Next Week’s Participants

Johnny Chan

The player has won ten WSOP gold bracelets over the course of his poker career. He captured two of his gold pieces for winning the WSOP Main Event. Here it is interesting to note that the player won the Championship event in two consecutive years – 1987 and 1988, and nearly won it in 1989, but eventually finished runner-up to Phil Hellmuth. Chan was also actually the first non-US player to win the WSOP Main Event.

Johnathan Duhamel

The Canadian poker pro captured his WSOP Main Event title in 2010. He won the event after a heads-up battle against John Racener. Duhamel’s share of the tournament’s prize pool amounted to $8.944 million. He has two more gold bracelets from WSOP events. He won them both in 2015, one from the $111,111 High Roller for ONE DROP, and the other from the WSOP Europe €25,600 High Roller.

Ryan Riess

Riess claimed the title in 2013. Jay Farber was his final opponent in the tournament. Riess won $8,361,570 for his performance. The player has not won any other WSOP gold bracelets after the 2013 $10,000 Championship, but captured another important title last spring. The player topped the field of the WPT $10,000 Seminole Hard Rock Poker Open Finale for a cash prize of $716,088.

Joe McKeehen

The player took down the WSOP Main Event in 2015. He played heads-up against Joshua Beckley to capture the important title. The player won the amount of $7,683,346 from the world’s most prestigious No-Limit Hold’em tournament. Last summer, McKeehen won his second gold bracelet from the series. He topped the field of the $10,000 Limit Hold’em Championship for $311,817.

Scott Blumstein

Blumstein is the reigning WSOP Main Event Champion. The player won the tournament last summer. His share of the gigantic prize pool totaled $8.15 million. The player navigated the tournament’s large field easily to enter the nine-handed final table as the chip leader and to further extend his advantage until he remained the last man standing.

Live streaming from the Bicycle Casino with the former Main Event Champs is set to begin at 6 pm local time on Thursday and Friday (March 1 and 2).

The post WSOP Main Event Champions to Clash at the Bicycle Casino Next Week appeared first on Casino News Daily.

New Las Vegas Sphere Event Venue to Use Parking Spaces at Las Vegas Sands Casinos

Posted by Costin Dinescu on 4:20 AM
Casino News Daily
New Las Vegas Sphere Event Venue to Use Parking Spaces at Las Vegas Sands Casinos

A new Las Vegas Strip entertainment venue will be able to utilize parking spaces at the garages of nearby casinos after receiving the necessary approval from the Clark County Zoning Commission.

During a Wednesday meeting, commissioners gave developers of the facility the go-ahead to use parking spaces at The Palazzo and The Venetian as well as at the nearby Sands Expo Center. Both properties are owned and operated by major casino company Las Vegas Sands, which is also a partner in the development of the new entertainment venue.

Earlier this month, Madison Square Garden Co., the company behind the eponymous New York City multi-purpose venue, announced plans to build two new arenas in Las Vegas and London. The two new venues will be shaped like gigantic spheres and will host events of different nature, including concerts and awards shows, among others.

As mentioned above, in Las Vegas, Madison Square Garden Co. has partnered with casino giant Las Vegas Sands to develop the spherical arena. Construction of the venue is hoped to begin later in 2018 and to be completed by the end of 2020.

On Wednesday, the local Zoning Commission approved the presented zoning and land use permits for the 63-acre arena that is planned to be built behind The Palazzo and The Venetian and not far from the Sands Expo Center. Commissioners also allowed developers to utilize 12,101 existing parking spaces at the two casino resorts and the convention center as well as 304 spaces planned to be added to the new arena.

Following the Wednesday meeting, developers pointed out that their parking plan would provide enough spaces even in cases when the arena hosts events.

Madison Square Garden Sphere Las Vegas also needs an approval from the Federal Aviation Administration, due to its planned height of 360 feet and its proximity to the Las Vegas McCarran International Airport.

In Case You Missed It:

Las Vegas, Macau Casino Revenue Comparison Report (with Infographic)

Renovation in Las Vegas

The spherical events venue is yet another project to have been introduced in recent years and comes as another manifestation that Las Vegas is looking to recover completely from its struggles during the Great Recession.

Casino gambling has long been only one of the factors that attract visitors to Las Vegas. The city has also been known as a popular convention destination as well as a place with booming nightlife and countless entertainment options.

With 18,000 seats and a standing area for 5,000 people, the new Madison Square Garden Sphere Las Vegas will bring a total capacity of 23,000 to the city’s entertainment scene. Development plans also include the addition of an enclosed pedestrian bridge that will link the venue with the nearby Sands casinos and expo center.

Las Vegas Sands’ own existing properties are actually undergoing multi-million renovation at present, just as a number of other on- and off-Strip properties. The city has seen renewed renovation and construction activity over the past several years so that developers make sure that they are providing Las Vegas’ growing number of visitors with better entertainment and accommodation opportunities.

The post New Las Vegas Sphere Event Venue to Use Parking Spaces at Las Vegas Sands Casinos appeared first on Casino News Daily.

Casino Company’s Visit to Sunshine Coast Promoted by Queensland Government

Posted by Costin Dinescu on 3:54 PM
Casino News Daily
Casino Company’s Visit to Sunshine Coast Promoted by Queensland Government

The Queensland government confirmed that it had promoted the recent visit to the site of the Maroochydore Central Business District by executives of Malaysian casino operator NagaCorp, local news outlet the Sunshine Coast Daily reported earlier today.

The Maroochydore CBD, currently under development in the central part of Sunshine Coast (in the small town of Maroochydore), is planned to be a multi-million, mixed-use complex that will spread over 53 hectares of land. When finished, it will feature accommodation buildings of different types, food and beverage facilities, retail space, a number of office buildings, and a new city hall building.

Queensland’s Tourism Industry Development Minister Kate Jones has confirmed that the November 2017 visit to the CBD’s site had been promoted by the state’s Special Projects Unit, which had been part of the Department of State Development prior to the latest Queensland election. She has also told local media that members of the unit have met and will be meeting with international investors to promote and encourage tourism development in the state.

The Queensland MP has further explained that NagaCorp’s visit was too part of their initiative to attract foreign investors to potentially invest into the state’s tourism industry. The Malaysian hotel and casino operator was provided with information about Queensland’s tourism sector as well as about the state’s Global Tourism Hubs scheme and the requirements an investor must meet in order to participate in said scheme.

Generally speaking, the Global Tourism Hubs were defined by state politicians as mixed-use properties with hotel, food and beverage, entertainment, and casino facilities. One such hub is set to be developed in Cairns. Under initial estimates, the project will cost A$1 billion and will include a casino. According to recent information released by the government, 12 investors, both local and international, have registered interest in participating the project. It has also been revealed that major casino companies have been among those 12.

Growing Pressure against Maroochydore Casino

While the addition of a casino to the Maroochydore CBD development has never been confirmed, local media had previously reported that the idea had been pitched by Sunshine Coast Mayor Mark Jamieson.

Over the past several months, the city official has faced pressure both from state and federal politicians to nix any plans for a gambling venue as part of the CBD construction project.

Mr. Jamieson has told local media that there was nothing wrong with NagaCorp visiting Sunshine Coast and being interested in what development opportunities the region presented. The Mayor further pointed out that the casino company’s visit had been promoted by the state government and not by Sunshine Coast, and that any potential addition of a casino as part of the Maroochydore development project could only be decided upon by the Queensland Government and not by the city council.

The post Casino Company’s Visit to Sunshine Coast Promoted by Queensland Government appeared first on Casino News Daily.

MGM China Reports 23-Percent Year-on-Year Drop in 2017 Net Profit

Posted by Costin Dinescu on 10:26 AM
CasinoGamesPro.com
MGM China Reports 23-Percent Year-on-Year Drop in 2017 Net Profit

Only several days following the official launch of its brand new property in Macau, MGM China Holdings Ltd. issued the official information regarding its profits throughout 2017 which attracted the interest of many people acquainted with the field. As listed in the reports the company has seen a net profit drop of 23 percent in […]

The post MGM China Reports 23-Percent Year-on-Year Drop in 2017 Net Profit appeared first on CasinoGamesPro.com.

CJEU Rejects Belgium’s Request for Annulment of EC Online Gambling Recommendation

Posted by Costin Dinescu on 4:31 AM
Casino News Daily
CJEU Rejects Belgium’s Request for Annulment of EC Online Gambling Recommendation

The EU Court of Justice (CJEU) rejected earlier this week a petition filed by the Belgian Government against a set of recommendations for the protection of consumers of online gambling services and the prevention of minors from gambling online.

The recommendations were introduced by th European Commission in 2014 but the government of Belgium contested them in court, arguing that these were breaching each individual Member State’s right to regulate their online gambling market in a manner they found fit and to adopt player protection measures of their own choice. Belgian lawmakers further claimed that the European Commission had overstepped its authority by issuing the guidelines.

Earlier this week, the EU Court of Justice rejected the above claims and found that the European Commission had not exceeded its competence and that the set of recommendations had not interfered with Member States’ right to implement their own online gambling regulations.

The CJEU ruling affirmed a previously issued court decision by the General Court. The latter court dismissed Belgium’s case in the fall of 2015. The Belgian government will not be able to appeal the latest ruling further.

Why Has Belgium Contested the Guidelines?

The European Commission introduced the Commission Recommendation on principles for the protection of consumers and players of online gambling services and for the prevention of minors from gambling online in the summer of 2014. It was not legally binding and only aimed to present Member States with a set of guidelines for the effective protection of online gambling customers and the prevention of minors from being targeted and allowed to gamble online.

In October 2014, the Belgian Government filed against the recommendation, seeking its annulment by the EU’s highest court. As mentioned above, Belgian lawmakers claimed that the Commission had gone beyond its authority by introducing the guidelines and encouraging Member States to adopt them.

The Belgian government further pointed out that under EU treaties, the Commission did not have the authority to introduce “an instrument with harmonizing effect” in the online gambling sector.

It also emerged back then that concerns that the recommendation would lower the standards previously set by the Belgian Gaming Act stood at the heart of the country’s discontent.

The European Gaming & Betting Association, EGBA, welcomed CJEU’s ruling in a Tuesday statement. The Association also called upon the European Commission to encourage Member States to adopt its guidelines, to review for any gaps in their implementation, and to take corrective action if needed so that high level of consumer protection across the European Union is achieved.

Based in Brussels, EGBA is the industry body representing online gambling operators based and licensed within the European Union. Its member list includes bet365, Betsson, Kindred Group, and GVC Holdings, among others.

The post CJEU Rejects Belgium’s Request for Annulment of EC Online Gambling Recommendation appeared first on Casino News Daily.

Boston Officials Opine on Wynn Boston Harbor Casino Resort Future

Posted by Costin Dinescu on 4:16 PM
Casino News Daily
Boston Officials Opine on Wynn Boston Harbor Casino Resort Future

The last days of January saw a rapid turn of events for one of the most renowned people in the international gambling industry and this was Steve Wynn, who is the former Chief Executive Officer of Wynn Resorts. This shook the industry and now it has the potential to affect the future projects of the company, among which the new $2.4-billion resort casino under construction in Everett, Massachusetts.

Concerned members of the community expressed their position that the project should not continue its development, while officials expressed their position regarding the future job opportunities for the region.

Wynn Boston Harbor is the name of the new gambling resort which has taken over the banks of the Mystic River and turned the formerly occupied by a chemical plant location into a suitable for tourists’ entertainment site. Following the sexual misconduct allegations which emerged with the help of Macau’s gambling regulator, Mr. Wynn opted for filing his resignation from the company’s leading position. However, in the official statement of the company, it was stated that Wynn Resorts is planning to focus on the development of its operations in Las Vegas and Macau, as well as the future one situated in Everett.

The feelings might not be mutual, however, as the voters in the community remain undecided regarding the future of the casino facility. As many as 20 percent of the people who have cast their votes say that they want the project to be permanently stopped, as the region does not need another gaming venue. Another 23 percent of the people who participated in the voting opted for casting their vote on continuing the project under an entirely new management. Something which most of them agree on is that the location should operate under a new name as well, as to avoid associating with its owner whatsoever.

Evaluation of the Future Integrated Resort Project

Shortly after the information was made public, Congressman Michael Capuano claimed that the job positions which the new location is expected to guarantee are what is important in the moment and most beneficial for the community in general. The construction work of Wynn Boston Harbor was projected to give work to up to 4,000 people in its building phase, as well as provide an additional 4,000 jobs for permanent workers.

According to Mr. Capuano, putting an end to the whole development will have a negative impact on the area. In the meantime, Boston City Councilor Ayanna Pressley stated that gaming might not be the most positive economic development strategy, taking into consideration the problem gambling factor of the industry and how it could affect the region, but there is also the other side of the story. People who rely on this job opportunity should not be negatively affected by the alleged actions of the former CEO of the casino operator.

Whether the location remains a casino resort or ends up becoming a larger commercial building, all workers should be able to be confident in their concrete staff positions. She also supports the idea of changing the name of the location.

The post Boston Officials Opine on Wynn Boston Harbor Casino Resort Future appeared first on Casino News Daily.

NCAA Opposes Sports Betting Legalization Campaign

Posted by Costin Dinescu on 9:42 AM
CasinoGamesPro.com
NCAA Opposes Sports Betting Legalization Campaign

The National Collegiate Athletic Association (NCAA) protested against sports betting legalization efforts. The opposition of the non-profit organization regulating US athletes of more than 1,200 conferences, institutions and individuals comes at a time when the discussions about sports betting industry legalization have been brought as one of the paramount issues in the country’s gambling industry […]

The post NCAA Opposes Sports Betting Legalization Campaign appeared first on CasinoGamesPro.com.

Atlantic City’s Hard Rock and Ocean Resort Casino Work Hard Prior to Summer Launch

Posted by Costin Dinescu on 4:32 AM
CasinoGamesPro.com
Atlantic City’s Hard Rock and Ocean Resort Casino Work Hard Prior to Summer Launch

Preparation works are in full swing in the gambling hub on the East Coast, Atlantic City. This summer is expected to welcome two renovated and rebranded locations which will join the already existing casino resorts in the vivid area. But before the official launch could take place, several steps need to be finalized on time […]

The post Atlantic City’s Hard Rock and Ocean Resort Casino Work Hard Prior to Summer Launch appeared first on CasinoGamesPro.com.

Clark County Witnesses Travelers Profit Surge Prior to ilani Casino Resort Event Center Launch

Posted by Costin Dinescu on 4:09 PM
Casino News Daily
Clark County Witnesses Travelers Profit Surge Prior to ilani Casino Resort Event Center Launch

The region of Clark County in Washington state is experiencing quite the positive surge of profit in the last years and this is a positive tendency which promises strong profits for the year 2018 as well. The news comes only several weeks prior to the official opening of the new facility of the ilani Casino Resort which is going to be a brand new meeting and entertainment center ready to welcome thousands of guests.

The information regarding the growing interest of tourists from near and far towards the location was brought by the most recent report issued by Visit Vancouver USA. This is the destination marketing organization providing information regarding the latest happenings in the area and the bearer of good news for the region. According to the data provided by the organization, the location is enjoying more tourists which in turn propel ahead the development of the local economy.

Jacob Schmidt is Director of Marketing for the City of Vancouver and as he claimed the recent years have seen a steady growth. The year of 2000 saw some $273.5 million generated by tourists in the area and in comparison to the data issued for 2016, the jump is significant. Thanks to the growing popularity of the area of Clark County, the growth of profits reached $472.5 million. These rates are expected to be even higher after the official launch of ilani Casino Resort which took place back in April 2017.

Gambling and Entertainment Offerings in Clark County

The casino resort which is situated some 26 kilometers north of Portland saw its official opening in the spring of 2017, which was closely followed by the launch of the long-anticipated restaurant offerings located at the Waterfront Vancouver in July. For everyone interested in giving the location a try there are two restaurants as well as a 90-foot pier and a park. It is not a secret to anyone that food-providing facilities are among the most popular boosts for the development of a given area and 2016 saw a 25-percent increase to $123.3 million on food purchases in comparison to 2010.

This April is going to see the latest addition to the ilani Casino Resort which is expected to bring an even bigger cash inflow to the region. As a celebration of twelve months of operation, the resort is planning to welcome the brand new event center which will bring big names in the entertainment industry to Clark County and propel ahead the economy. Kara Fox-LaRose, President and General Manager of ilani claimed that the new center will span across 30,000 square feet, as It will feature a 22,000-square-foot Cowlitz Ballroom.

It will be able to host up to 800 people when it is utilized at its banquet-style layout, whereas there is also the option for welcoming as many as 2,500 people when set up for concerts. There will be a pre-function area dedicated for receptions, as well as a boards room, which could be used for meetings with fewer people. The new addition will provide a well-rounded range of offerings able to serve on various occasions, but according to the management, it will not compete with the existing event centers in the area.

All scheduled congregations and concerts will be held at a time, which would not interfere with the Sunlight Supply Amphitheater and the Clark County Event Center, thus preventing the conflicts of events and controlling the city traffic situation.

The post Clark County Witnesses Travelers Profit Surge Prior to ilani Casino Resort Event Center Launch appeared first on Casino News Daily.

iGaming Leader Malta Proposes Three Blockchain Regulation Bills for Public Consultation

Posted by Costin Dinescu on 10:21 AM
CasinoGamesPro.com
iGaming Leader Malta Proposes Three Blockchain Regulation Bills for Public Consultation

Malta is known as the online gambling hub of Europe which is always looking for ways in which to improve the iGaming industry and provide more opportunities for development to its licensees. Financial Services Parliamentary Secretary Silvio Schembri stated that the country is well on its way to becoming the first jurisdiction to have its […]

The post iGaming Leader Malta Proposes Three Blockchain Regulation Bills for Public Consultation appeared first on CasinoGamesPro.com.

Swedish Player Viktor Blom Wins Big at partypoker LIVE MILLIONS Germany Main Event

Posted by Costin Dinescu on 4:06 AM
CasinoGamesPro.com
Swedish Player Viktor Blom Wins Big at partypoker LIVE MILLIONS Germany Main Event

One of the long-awaited poker tournaments in King’s Casino came to a conclusion this Sunday and this was the partypoker LIVE MILLIONS Germany Main Event which brought quite the experience to everyone who played at it. The big winner of the tournament became Viktor Blom who is an accomplished poker player with long experience in […]

The post Swedish Player Viktor Blom Wins Big at partypoker LIVE MILLIONS Germany Main Event appeared first on CasinoGamesPro.com.

Dominique Mosley Wins WSOP Circuit Seminole Casino Coconut Creek $3,250 High Roller

Posted by Costin Dinescu on 4:17 AM
Casino News Daily
Dominique Mosley Wins WSOP Circuit Seminole Casino Coconut Creek $3,250 High Roller

Dominique Mosley, originally from North Carolina but currently residing in Florida, won the highest buy-in event on the schedule of the WSOP Circuit Seminole Casino Coconut Creek stop. The player snatched his first gold ring from the series and a first-place payout of $75,480 for winning the $3,250 High Roller.

The tournament drew 74 entries. The field included local recreational players, traveling grinders from here and there, and poker professionals, including Mosley himself. The overall prize pool of $222,000 was split into payouts for the top eight finishers.

The tournament was played over two days. The second day kicked off with nine players who were just a single elimination away from the money bubble. Mosley was third in chips at the time cards were thrown in the air for Day 2 play. Maurice Costigan,who won his seat into the event via a satellite, and Martin Ryan, who vied for WSOP Circuit gold ring number six, were the only two players ahead of the eventual winner at that time. Costigan went out in seventh place and Ryan fell in fourth.

What turned out to be Mosley’s most important hand was dealt namely during four-handed play. The player confronted Mike Dwyer in that pivotal hand to eventually win it. Mosley assumed the chip lead shortly after and never looked back.

The 31-year-old poker pro played heads-up against Matt Stout. The two-handed duel lasted several hands, during which Mosley left his final opponent with no chance to improve. On what turned out to be the last hand in play, Mosley limped in on the button and Stout raised. Mosley three-bet and Stout shoved for his last 700,000.

Mosley snap-called and tabled [Ac][Kh] to Stout’s [Ad][Jc]. The board ran out [6c][3s][2d][5h][7s], securing the pot and the title for Mosley. His opponent received $46,702 for his deep run in the event.

Mosley’s Career

Mosley has been playing poker professionally for some time now. The player currently lives in South Florida to take advantage of the region’s thriving poker scene. Commenting on his poker preferences, he said that he prefers playing Pot-Limit Omaha to two-card formats. “A Pot-Limit Omaha specialist”, he would call himself. However, the player does not lack skills in two-card games, as well.

Mosley’s cash from the $3,250 High Roller was his second from the WSOP Circuit series. He also previously cashed in eight WSOP events. His overall winnings from both series currently amount to more than $229,094.

The WSOP Circuit Seminole Casino Coconut Creek stop is entering its final days. Day 2 of the $1,675 Main Event is set to be played today when players will set the official final table. Nine-handed action will resume tomorrow when the winner will be determined to mark the end of the WSOP Circuit’s Florida stop. The tournament featured a guaranteed prize pool of $1 million which was improved significantly due to great interest.

A prize pool of $1,240,500 will be split among the top 90 finishers. The winner will receive nearly $242,000 for their efforts.

The post Dominique Mosley Wins WSOP Circuit Seminole Casino Coconut Creek $3,250 High Roller appeared first on Casino News Daily.

Portugal Publishes Poker Liquidity Technical Standards; PokerStars Anticipated to Admit Portuguese Players to Europe Network Soon

Posted by Costin Dinescu on 4:07 AM
Casino News Daily
Portugal Publishes Poker Liquidity Technical Standards; PokerStars Anticipated to Admit Portuguese Players to Europe Network Soon

Portugal’s technical standards framework on shared online poker liquidity (Regulamento n.º 115/2018) was published in the country’s Official Journal on Friday, February 16, local media reported. The publication of said framework means that there are no more regulatory hurdles before Portugal’s participation in the shared liquidity project.

The country was one of four, with France, Spain, and Italy being the other three, to sign the shared liquidity agreement in Rome in the summer of 2017. Generally speaking, the project is hoped to give a much-needed boost to online poker in Europe’s segregated markets.

France and Spain were the first two participating countries to roll out shared online poker tables. And PokerStars was the first and is currently the only online poker operator to offer Franco-Spanish tables via its PokerStars Europe network. The online poker brand launched the network in mid-January and it can be said that is participation in the shared liquidity project was off to a good start.

According to data from PokerScout, PokerStars Europe is currently the world’s third largest network in terms of cash game activity. It is also among the largest in terms of overall traffic. At the time of writing, there are a total of 17,930 players online on the poker network. Of those, 2,177 are playing cash games. The 24-hour cash game peak stood at 5,220 online cash game players.

Aside from PokerStars, other online poker operators have too expressed interest in participating in the shared liquidity scheme, with Winamax, partypoker, and 888 being among those. Winamax recently received the go-ahead to join the project from France’s online gambling regulator, ARJEL. However, the operator needs licenses from the other participating countries in order to be able to do that, as it is currently licensed in France only.

What the Publication of Regulamento n.º 115/2018 Means for Portugal’s Online Poker

The publication of the shared liquidity technical standard in Portugal’s Official Journal means that PokerStars could and probably would open its PokerStars Europe network to Portuguese players anytime now.

The inclusion of the country will boost the operator’s new network significantly in terms of liquidity, as there has been quite some activity on PokerStars’ .pt website since its launch in late 2016. According to PokerScout, there are more than 39,500 players online on PokerStars.pt at the time of writing, or more than twice as much as the current traffic of PokerStars Europe.

The publication of the technical standards framework could also encourage SRIJ, Portugal’s gambling regulator, to finally expand the country’s online poker market. At present, PokerStars is the only licensed operator to operate in Portugal. As mentioned above, the poker room received its license from SRIJ in 2016 and went live with a .pt website in December of that year. No poker licenses have been issued since then and industry experts have pointed out that SRIJ might be waiting for the start of the shared liquidity project before opening the local poker market to more operators.

The post Portugal Publishes Poker Liquidity Technical Standards; PokerStars Anticipated to Admit Portuguese Players to Europe Network Soon appeared first on Casino News Daily.

Video Lottery Gets South Dakota Lawmakers Okay

Posted by Costin Dinescu on 3:39 PM
CasinoGamesPro.com
Video Lottery Gets South Dakota Lawmakers Okay

State governments are struggling to find fresh sources of revenue to breathe life into their cash-strapped budgets. One of the main reasons many lawmakers support the legalization of casino gambling is the belief that such a move would be the panacea for the economy. But the gambling industry is a multi-faceted business that includes not […]

The post Video Lottery Gets South Dakota Lawmakers Okay appeared first on CasinoGamesPro.com.

Poll Shows Majority of Massachusetts’ 7th Congressional District Democratic Voters Support Wynn Casino

Posted by Costin Dinescu on 10:04 AM
Casino News Daily
Poll Shows Majority of Massachusetts’ 7th Congressional District Democratic Voters Support Wynn Casino

Half of all likely Democratic primary voters in Massachusetts’ 7th Congressional District, which also includes the capital Boston, believe that the construction of the $2.4-billion Wynn Boston Harbor should continue now as Steve Wynn is no longer at the helm of Wynn Resorts, a poll by local radio station WBUR shows.

The casino mogul resigned as Chairman and CEO of the Las Vegas company earlier this month in the wake of sexual misconduct allegations against him.

Wynn Resorts was licensed to build and operate one of Massachusetts’ first commercial casino resorts, after voters had approved legalization of casino gambling in a statewide referendum. The Las Vegas casino company was selected as the preferred developer for a resort in the Greater Boston area.

Wynn Resorts is currently building a $2.4-billion complex along the Mystic River in Everett, a city located not far from Boston. The property is set to feature different accommodation, food and beverage, retail, and entertainment options as well as a casino with both slot machines and table games. Wynn Boston Harbor was slated to be completed and launched in the spring of 2019, but following the allegations against Mr. Wynn, its fate is currently quite uncertain.

A poll conducted by local polling group MassINC and commissioned by radio station WBUR showed that 50% of all Democratic voters from the state’s 7th Congressional District agree that the construction of the resort, which has been touted as major future tax revenue contributor and employer, should go forward now as the casino magnate is no longer involved in Wynn Resorts’ operations.

Another portion of the state’s Democratic voters (23%) believes that the project should continue but only if another developer takes over. Approximately 20% of the interviewed individuals call for the project to be nixed altogether. The remaining 7% have refused to express their opinion or have responded they have no opinion on the matter.

The poll further shows that 64% of all interviewed individuals believe the resort should be renamed; 21% say the Wynn name should be kept.

Ongoing Investigation

Shortly after the publication of a Wall Street Journal article detailing sexual allegations from former and current Wynn Resorts employees against Mr. Wynn, the Massachusetts Gaming Commission announced that it would investigate the reports and the appropriateness of Wynn Resorts’ participation in the state’s nascent casino industry.

The state’s gaming regulator later confirmed that the probe would continue “aggressively” even after Mr. Wynn’s resignation. Gaming officials pointed out that the Wynn Board’s previous knowledge of the allegations and whether it had had any such knowledge would be among the most important points they would take into account during the investigation.

It also became known that depending on the Gaming Commission’s findings, Wynn Resort could even have its casino license in Massachusetts revoked. There are also ongoing investigations in Nevada and Macau, where the gambling operator manages several hotel and casino properties.

The post Poll Shows Majority of Massachusetts’ 7th Congressional District Democratic Voters Support Wynn Casino appeared first on Casino News Daily.