Monday, June 18, 2018

Casino News Daily
Macau Government Considers Barring All Casino Floor Workers from Gambling

The government of Macau introduced Friday a piece of legislation that calls for banning casino workers from entering gaming facilities beyond working hours, local news outlets report. The measure aims to curb problem gambling among those employed at the city’s gambling venues.

Aside from table games dealers and workers tending to slot machines across casinos, people less directly involved with the actual gaming operations will, too, be barred from visiting gaming floors outside work hours, under the newly proposed legislation. Maintenance and security staff, employees at public relations areas, food and beverage staff, as well as workers at cashier’s offices will all not be admitted to any gaming floors outside their designated working hours.

The first three days of the Lunar New Year and training or related activities would be the only exception to the newly proposed rule.

To better prevent workers from breaching the new law, in case it gains enough support among Macau legislators, authors of the legislative piece have included a penalties language. Workers who breach the rules will thus be fined between MOP1,000 and MOP10,000, depending on the scope of their violations.

The new legislation will now be reviewed in the Macau Legislative Assembly. It is yet to be seen when the piece will be voted on.

Under the proposed bill, individuals that are unauthorized to visit casino floors, including casino staff outside work hours, will have their winnings seized by authorities, once they are found to be breaching the rules.

Problem Gambling Concerns

Macau legislators explained that the new legislation aims to curb rising rates of problem gamblers among casino staff. According a 2016 report by the Macau Central Registry System of Problem Gamblers, around a third of all problem gamblers who had sought help in the period between 2011 and 2016 had been employed in the city’s casino gambling industry.

A separate report from 2017 showed that around 157 people registered with the city’s Central Registry System of Individuals with Gambling Disorder last year. The figure represented an 11% increase from a year earlier. In addition, around 10% of all registered gamblers identified themselves as dealers/croupiers.

The new legislation is hoped to curb the temptation to gamble that casino staff members might experience as result from the fact that they are employed in the industry. According to experts, many of them believe they can beat the house due to their knowledge and experience.

News about the new curbs at Macau’s gaming floors came as the city is on a winning gross gambling revenue streak after two and a half years of massive revenue declines caused by an all-encompassing anti-graft campaign launched by Chinese President Xi Jinping. Macau’s casinos generated a total of MOP127.7 billion (approximately $15.8 billion) during the first five months of the year, up 20.1% year-on-year and seem to be on track to meet some analysts’ forecasts about a double-digit annual growth.

The post Macau Government Considers Barring All Casino Floor Workers from Gambling appeared first on Casino News Daily.

Macau Government Considers Barring All Casino Floor Workers from Gambling

Sunday, June 17, 2018

World Casino News
Fort McDowell Yavapai Nation plan ground breaking for new casino

In Arizona, the federally recognized Fort McDowell Yavapai Nation plan to break ground on their multi-million dollar Fort McDowell Casino on June 29 at 9am. Tribal members and dignitaries from within the state and surrounding areas are expected to attend the event. The new 166,341-square-foot casino is expected to open by spring 2020 and in […]

Fort McDowell Yavapai Nation plan ground breaking for new casino

Casino News Daily
Gal Yifrach Wins First Gold Bracelet in 2018 WSOP $3,000 No-Limit Hold’em 6-Handed

Gal Yifrach, a Los Angeles-based entrepreneur and recreational poker player, claimed last night his first WSOP gold bracelet for taking down Event #28: $3,000 No-Limit Hold’em 6-Handed of this year’s edition of the popular series. Aside from the gold piece, Yifrach also collected his largest-ever poker payout of $461,798 for topping the tournament’s 868-strong field.

His triumph in the WSOP came a little over a year after the player captured a gold piece from the WSOP Circuit. Back at The Bicycle, Yifrach entered a WSOP Circuit $3,250 High Roller to win it and collect his first gold ring from the series.

Speaking to WSOP staff last night, Yifrach said that he usually does not play much of a tournament poker and that tables where higher-stakes cash games are played are where he could be seen more often. He also pointed out that he does not play professionally. With a gold ring and now a gold bracelet, he has clearly been doing very well for a non-professional.

The player said he was quite comfortable with the $3,000 No-Limit Hold’em 6-Max’s structure as it allowed for a lot of hands to be played, something that is typical for cash games.

The tournament was scheduled as a three-day one, but it took eventually a fourth additional day for it to be sealed. On Day 3, Yifrach took the lead during four-handed play and was really hoping that he would be able to end the tournament on that day and as the winner.

He pointed out that he felt he played very well and had really nice hands coming his way, which further helped him lock the title. However, despite his own efforts to finish the job on Day 3, action had to be extended with three players left in contention.

Final Day of Action

Yifrach came into Day 4 as the chip leader and with massive advantage over his two remaining opponents – James Mackey and Gary Hasson. The three players battled it out for nearly 50 hands before a player got busted.

Hasson was that unfortunate one after clashing against the eventual winner. Action sped up quite a bit after Hasson’s elimination. The two-handed duel between Yifrach and Mackey kicked off with the former holding nearly two times more chips than his final opponent.

However, over the course of just seven hands, Mackey managed to even the stacks and put Yifrach into big danger. On the final hand of the tournament, the two players went all in, Mackey tabling pocket tens to Yifrach’s [As][8h]. A [8d][6h][2c][2s][8c] board secured Yifrach with a full house and the tournament title. A second gold bracelet thus eluded Mackey. The player took home a consolation prize of $285,377 for running deep into the event.

As mentioned above, the $3,000 buy-in six-max tournament drew a field of 868 entries who generated a prize pool of $2,343,600. The money was split into payouts for the top 131 finishers.

The post Gal Yifrach Wins First Gold Bracelet in 2018 WSOP $3,000 No-Limit Hold’em 6-Handed appeared first on Casino News Daily.

Gal Yifrach Wins First Gold Bracelet in 2018 WSOP $3,000 No-Limit Hold’em 6-Handed

Saturday, June 16, 2018

World Casino News
5 Lions roars out as Pragmatic Play’s latest launch

Leading online casino games developing platform, Pragmatic Play, recently announced the launch of its oriental-themed video slot game, 5 Lions, which offers players a possible 567 ways to win in extra spins. This high volatility 3×5 video slot has a default RTP of 96.5 percent and is steeped in myth and legend. The game features […]

5 Lions roars out as Pragmatic Play’s latest launch

Casino News Daily
John Hennigan Wins 2018 WSOP H.O.R.S.E. Championship for Fifth Gold Bracelet

John Hennigan just won his fifth gold bracelet from the WSOP after four days of grueling poker action in this year’s $10,000 H.O.R.S.E. championship. The player was also awarded $414,692 for outlasting a pack of 166 entries who put to the test his skills in not just one but five different poker games.

A quiet and composed player, Hennigan remained true to himself in that tournament, as well. When asked how he felt after becoming just one of 25 players in WSOP’s history to have won five gold pieces, the player said that he was not too preoccupied with his accomplishment, although five indeed felt better than four.

As mentioned above, this year’s edition of the H.O.R.S.E. championship drew 166 entries who generated a prize pool of $1,560,400. The top 25 finishers got paid. Poker celebrities such as Daniel Negreanu, Chris Ferguson, Shaun Debb, and Jason Mercier, who won the tournament back in 2016, were among those to get busted before the money bubble burst on Day 2.

The event was planned to be played over three days, but the final two players – Hennigan and his heads-up opponent David Baker, decided that they would need a rest before completing their match, so play was extended into an additional fourth day. Both players went a long way before reaching that final stage of the game.

Iraj Parvizi Puts Up Terrific Show

UK-based player Iraj Parvizi entered the eight-handed final table as the chip leader. The player himself said jokingly several times throughout the final table that he was an amateur facing top pros. For a while, the player was dominating action, playing aggressively and putting great pressure on his opponents.

Hennigan recalled shortly after the event’s end that Parvizi proved to be a big trouble for almost everyone at the table, including for the eventual champion himself. Hennigan went on to say that it was actually only Baker who managed to keep his footing amid Parvizi’s attacks.

The UK player eventually exited in fourth place. Lee Salem left next. The player began three-handed play as the chip leader, but quickly lost his momentum and the last of his chips to the two remaining players.

Hennigan and Baker battled throughout the final level of the night, but could not determine the champion and eventually decided to call it a night and resume play on the next day. Baker was the short stack at that point. On the final day of action, the player managed to double several times to keep himself and his significantly smaller stack afloat, but a Limit Hold’em hand eventually saw him bust in second place for $256,297.

On the final hand in play, Baker went all in for his last 65,000 with [Ad][6s] to his opponent’s [Jc][3h]. The board ran out [10s][3s][2h][Qh][Qc] to put an end to the tournament.

The post John Hennigan Wins 2018 WSOP H.O.R.S.E. Championship for Fifth Gold Bracelet appeared first on Casino News Daily.

John Hennigan Wins 2018 WSOP H.O.R.S.E. Championship for Fifth Gold Bracelet

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21Bet upgrades Sportsbook with Digitain

Digitain the multi-channel casino and sports betting platform provider confirmed that Malta-licensed 21Bet had been successfully migrated to Digitain’s fully managed sportsbook solution.

21Bet upgrades Sportsbook with Digitain

Friday, June 15, 2018

Casino News – Focus Gaming News
Horseshoe casino begins construction work

Horseshoe Southern Indiana’s move from river to land has begun as it started construction work at the new site.

The post Horseshoe casino begins construction work appeared first on Focus Gaming News.

Horseshoe casino begins construction work

World Casino News
Vietnamese legislators pass measure to legalize select sportsbetting

In Vietnam, federal legislators have reportedly passed a provisional measure that will legalize some sportsbetting in the Southeast Asian nation from the first day of next year. According to reports from the Viet Nam News and the Nikkei Asian Review newspapers, yesterday saw over 94% of the 498 member National Assembly consent to permit sportsbetting […]

Vietnamese legislators pass measure to legalize select sportsbetting

World Casino News
Sportsbetting launched in New Jersey

Yesterday reportedly saw New Jersey become the second state to take advantage of a recent United States Supreme Court ruling after it launched legalized sportsbetting services on a wide range of collegiate and professional sports for anyone over the age of 21. According to a Thursday report from digital news content provider, NJ.com, New Jersey Governor, […]

Sportsbetting launched in New Jersey

Thursday, June 14, 2018

Casino News Daily
CrownBet Set to Become Sportingbet after Ownership Change and William Hill Australia Purchase

Australian betting operator CrownBet filed earlier this week a “Change of company name reservation” form with the nation’s Securities and Investments Commission to reserve the Sportingbet Pty Ltd name, local news outlet The Australian Financial Review reports.

The move comes shortly after speculations had emerged that the company had been planning to rebrand itself and had picked the Sportingbet name. Sportingbet, once a major Australian gambling operator, had actually been established by CrownBet’s current Chief Executive Matt Tripp and his family.

CrownBet was owned by Australian casino operator Crown Resorts up until recently. It became known in March that Canadian gambling giant The Stars Group would buy an 80% stake in the business. It was also announced at about the same time that CrownBet was selected as the preferred bidder for the acquisition of William Hill’s ailing Australian business.

The major British bookmaker announced in January that it was reviewing its local operations and that a sale was among the options considered regarding the future of William Hill Australia. The company entered the Australian betting market back in 2013 with the acquisition of the Sportingbet, Centrebet, and Tom Waterhouse brands for nearly £460 million. William Hill then scrapped the three brands for its global brand. However, the operator never managed to gain footing in the highly competitive Australian betting market.

New Betting Taxes and Expected Impact on Operators’ Profitability

CrownBet’s acquisition of William Hill Australia and The Stars Group’s acquisition of CrownBet will create Australia’s third largest online gambling operator. However, analysts believe that the upcoming implementation of a point of consumption tax in a number of Australian states and territories will have enormously negative consequences for the industry and its stakeholders.

New South Wales announced yesterday that it would introduce a 10% tax on betting revenue generated by operators from local customers. The regime will take effect on January 1, 2019. The announcement came just a few days after the government of Queensland rolled out a similar measure. A point of consumption tax will come into effect in that state on October 1, 2018, but operators will be taxed at 15% on their local revenues.

South Australia was the first state to introduce a point of consumption taxation system and the tax has already taken effect there. Victoria announced that it would tax companies on 8% of their revenues, while the Australian Capital Territory’s 15% point of consumption tax is slated to come into effect at the turn of the year.

According to research firm Macquarie Wealth Management, the new wave of taxes across the nation would cost betting operators nearly A$200 million, which would leave CrownBet, Ladbrokes, and bet365’s local businesses strapped for cash. Macquarie believes that CrownBet’s EBIT would fall from $57 million to A$1 million after the implementation of the new taxation regimes, while Ladbrokes and bet365 would generate EBIT loss of A$19 million and A$13 million, respectively.

The post CrownBet Set to Become Sportingbet after Ownership Change and William Hill Australia Purchase appeared first on Casino News Daily.

CrownBet Set to Become Sportingbet after Ownership Change and William Hill Australia Purchase

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