Friday, May 25, 2018

World Casino News
AGA letter to Congress outlines sports betting priorities

A short letter to federal lawmakers signed by Geoff Freeman (pictured), President and CEO of the American Gaming Association (AGA), highlights what the national trade group views are the top priorities regarding the operation of the sports betting market in the U.S. following the Supreme Court’s repeal of the Professional and Amateur Sports Protection Act […]

AGA letter to Congress outlines sports betting priorities

Thursday, May 24, 2018

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NOVOMATIC previews new Curve cabinets at Juegos Miami

Returning to the distinguished networking event for the Latin American gaming community, NOVOMATIC will present a branded area at Juegos Miami and showcase the two brand new curve cabinets PANTHERA™ Curve 1.43 and V.I.P. Lounge™ Curve 1.43 as well as the new Otium OT300 video bingo cabinet.

NOVOMATIC previews new Curve cabinets at Juegos Miami

World Casino News
Developments in US sports betting

While the race has been on for awhile to regulate sports betting at the state level, the pack broke into a sprint on May 14 when the US Supreme Court declared the federal law banning the practice unconstitutional when they ruled on Murphy v. NCAA. With the demise of the Professional and Amateur Sports Protection […]

Developments in US sports betting

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.

Caesars sets date for Incheon casino

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.

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

Wednesday, May 23, 2018

Casino News – Focus Gaming News
Genting, close to Andorra casino licence

The first casino licence in Andorra will soon be issued and Genting is among the companies that will most likely score the rights.

The post Genting, close to Andorra casino licence appeared first on Focus Gaming News.

Genting, close to Andorra casino licence

World Casino News
Playtech receives official consent for Snaitech SpA purchase

In Italy, omni-channel gaming software and services innovator Playtech has reportedly received official approval from the nation’s Amministrazione Autonoma dei Monopoli di Stato (AAMS) regulator to purchase a majority stake in prominent local online and retail operator Snaitech SpA. According to a Monday report from the Reuters news service, Playtech agreed a deal early last […]

Playtech receives official consent for Snaitech SpA purchase

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.

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

World Casino News
Cherry CEO arrested on suspicion of insider dealing

Swedish gaming group Cherry confirmed in a Tuesday, May 22, 2018, statement that its Chief Executive Officer, Andres Holmgren, is the current subject of a Swedish Economic Crime Authority investigation. In a brief press release, the online casino operator stated, “[Cherry] has been informed that the Swedish Economic Crime Authority has initiated an investigation for […]

Cherry CEO arrested on suspicion of insider dealing

Tuesday, May 22, 2018

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.

Nigerian Lawmakers Scold Local Lottery Commission for Regulatory Failures

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