Friday, February 23, 2018

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.

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

World Casino News
Bede Gaming agrees content deal with Pragmatic Play

UK-based online gaming software developer Bede Gaming has inked a partnership agreement with digital games provider for the online gaming industry, Pragmatic Play. The deal will reportedly see Pragmatic Play’s entire portfolio integrated into Bede’s premium platform, PLAY. Every Bede operator will now have access to Pragmatic Play’s more than 80 HTML5 games, including Gold Rush, Chilli Heat, Caishen’s Gold, Vegas Nights and Jurassic Giants, according to the news release. The integration of Pragmatic Play’s portfolio is in keeping with Bede Gaming’s expansion of its best-in-class content made available through PLAY. The developer has already inked several partnership deals with top content suppliers, including Playson and Gamevy, over the past few months. Commenting on the deal, Bede Gaming CEO Michael Brady, said: “We are always looking to expand our offering to clients with the latest and most exciting titles, and integrating Pragmatic Play’s games was an obvious decision as we continue to combine premium content with our leading marketing tools. “We look forward to enjoying a long and productive relationship with a provider whose games are already performing very well.” Also commenting on the move, Chief Business Development Officer for Pragmatic Play, Yossi Barzely, said: “We have a strong commitment to growing our footprint in regulated markets, and are delighted to do so in partnership with a provider as respected as Bede. “I am sure our diverse and expertly-modelled range of games will prove popular with their clients all over the world.” Founded in 2012, Bede’s platform, along with stringent security measures, offer completely flexible gaming solutions and is making quick work of establishing itself as the go-to option for innovative operators worldwide.

Bede Gaming agrees content deal with Pragmatic Play

RSS
Niki Lauda And Novomatic Agree Long Term Cooperation

Niki Lauda,three-time Formula-1 World Champion and entrepreneur, has agreed a long term co-operation with the NOVOMATIC Group.

Niki Lauda And Novomatic Agree Long Term Cooperation

Casino News Daily
Unregulated Operations Drive Growth in Sweden’s Gambling Sector in 2017

Sweden’s regulated market was worth SEK17.07 billion (approximately $2.09 billion) in 2017, latest figures released by the Swedish Gambling Authority, Lotteriinspektionen, show. Regulated gambling operations recorded a 1% decrease from a year earlier.

Svenska Spel, the state-run gambling operator tasked with the operation of most regulated gaming and betting services in the country, generated revenue of SEK8.98 billion last year, about the same amount as it generated in 2016. It accounted for 40% of the country’s gambling market (both regulated and unregulated).

Revenue from Svenska Spel’s land-based operations dropped 5% year-on-year to SEK6.715 billion. While accounting for a quarter of Svenska Spel’s 2017 revenue, online services recorded a double-digit (18%) revenue growth to SEK2.265 billion.

Combined revenue from Sweden’s regulated and unregulated markets amounted to SEK22.604 billion (approximately $2.77 billion), reflecting an increase of 3% from 2016. The country’s unregulated market was actually the main driver of growth last year. According to Lotteriinspektionen, unregulated operations generated revenue of SEK5.534 billion (approximately $678.5 million) last year, up 13% year-on-year.

Here it is important to note that the Scandinavian nation’s unregulated market is represented by foreign online gaming and betting operators that hold licenses from other EU and non-EU jurisdictions. At present, Sweden’s gambling law does not allow for such foreign operators to obtain licenses from the country’s Gambling Authority and regulated operations are only provided by several state-owned entities.

The growth of Sweden’s unregulated market could be attributed to several factors. In the first place, the tech-savvy population of the country has been looking for diversity that local operators may have failed to provide. And in the second place, foreign gambling companies have increased their brand exposure across Swedish media significantly over the past several years.

According to a recent report by local measurement firm Kantar Sifo, three gambling companies were among the country’s top 20 advertisers in 2017. Aside from the state-run Svenska Spel, Kindred Group (previously Unibet Group) and LeoVegas were found to have invested the most in advertising their products and services to Swedish consumers. What is more, LeoVegas was the company to record the biggest rise in annual ad spending last year.

Market Re-Regulation

According to a recent report by Swedish media research firm Mediavision, one in eight Swedes gambled on foreign gambling websites on a monthly basis in 2017. The reported figure represented a 25% increase from 2016.

Information about the popularity of international gambling websites among Swedish players emerges as the country is preparing for the upcoming re-regulation of the local market. Sweden’s new gambling law is set to come into effect on January 1, 2019. It will open the Swedish market for foreign companies, which means that these will be able to apply for and be issued operational licenses from Lotteriinspektionen.

Earlier this week, the Swedish Gambling Authority announced that it has been preparing the necessary documentation to open a license application process for interested gambling operators on July 1, 2018. The regulatory body said that it plans to release more details about the application process in mid-March and during a meeting schedule for May.

The post Unregulated Operations Drive Growth in Sweden’s Gambling Sector in 2017 appeared first on Casino News Daily.

Unregulated Operations Drive Growth in Sweden’s Gambling Sector in 2017

Thursday, February 22, 2018

World Casino News
Lucky Dragon hotel open for business until March 27; judge decides

A Nevada bankruptcy judge ruled Wednesday that the hotel of the Asian-themed Lucky Dragon resort off the north end of the Las Vegas Strip will remain open for another month. U.S. Bankruptcy Court, District of Nevada Judge Laurel Davis decided after a bankruptcy hearing for the Lucky Dragon Hotel and Casino that the hotel would remain open until March 27, when the next hearing will take place. The casino, however, will remain closed and there will not be a foreclosure auction, the judge ruled, according to local television station FOX5. The resort’s operating entity Lucky Dragon Hotel and Casino LLC on Friday, Feb. 16 reportedly filed a petition for Chapter 11 bankruptcy protection ahead of today's scheduled foreclosure. The property had a brutal start when just a few months after opening, in order to cut operating costs, one of its restaurants was closed and about a hundred people including the general manager were fired, as reported by the Las Vegas Review-Journal at the time. The temporarily closing of all gaming and casino restaurant operations on January 4 further emphasized the then one-year-old Asian-themed boutique hotel and locals casino’s financial woes. At the time, the resort’s management reportedly told FOX5 that the casino was “reorganizing,” and that the temporary closure meant the laying off of casino workers and less gaming and dining options. A few weeks later in January the Lucky Dragon was served with a foreclosure notice. FOX5 reports that during the bankruptcy hearing, attorneys for Lucky Dragon reportedly said that in November the property had been appraised at $143 million, however creditors stated that it was appraised at $60 million. Without disclosing specifics, lawyers for the hotel also reportedly said that should the Sahara Ave property become available for sale, there are a number of potential buyers. The Las Vegas Review-Journal reported on Monday that according to bankruptcy papers, Lucky Dragon was appraised at $143 million, which was funded in part with $89.5 million worth of loans from 179 individuals who invested $500,000 each through the United States Citizenship and Immigration Services (USCIS) administered EB-5 visa program. Under the program, foreigners seeking permanent green cards can do so if they invest a minimum of $500,000 into a business venture that creates at least 10 full-time jobs. FOX5 reports that none of the attorneys were certain of how the immigration status of those individuals. Five years in the making from concept to ribbon-cutting, Lucky Dragon had a soft opening on November 19, 2016, and hosted its official grand opening on December 3, 2016.

Lucky Dragon hotel open for business until March 27; judge decides

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.

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

RSS
TGG confirmed latest major customer for Asian market with Solaire agreement

(Hong Kong) TGG Takara Gaming Group, the world’s first Asian focused game distributor for casino entertainment, has agreed a deal with Solaire Resort & Casino 

TGG confirmed latest major customer for Asian market with Solaire agreement

World Casino News
ORYX Gaming launches Arena Casino in Croatia

Slovenia-based online casino software company, ORYX Gaming, recently launched Arenacasino.hr, one of the first Croatian iGaming websites featuring casino and slots, according to to the news release. Via the deal, Arena Casino will be provided with ORYX’s complete technology stack, compliance services, gaming content, operational and marketing services. ORYX’s iGaming Platform boasts a wide selection of content from distinguished game providers such as NextGen, EGT, ORYX and Gamomat and has been certified in accordance with Croatia’s legal requirements. Arena Casino games are available to players via mobile and desktop, with a focus on mobile in keeping with the vision of being the lead mobile choice for players in Croatia. More than 100 mobile slot games can be enjoyed by players, along with unique bonuses, multiple payment methods and extra spins promotions with full support. CEO for ORYX Gaming, Matevz Mazij, said: “Croatia is an exciting iGaming market and we’re pleased to be able to use our expertise to help launch the inaugural online operation for Arena Casino. Our ability to comply with local regulatory requirements and deliver a strong game portfolio makes us the perfect partner to ensure success. I’m happy to say we had a great team of people involved.” The online gaming turnkey solutions provider also recently agreed a deal that will see it supply content from a selection of developers to two iGaming domains operated by Malta-based Quasar Gaming.

ORYX Gaming launches Arena Casino in Croatia

Wednesday, February 21, 2018

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.

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

RSS
Stephen Patton Joins Interblock as VP of New Business Development & Technology

Luxury gaming manufacturer Interblock® announced today the appointment of Stephen Patton as Vice President of New Business Development & Technology. 

Stephen Patton Joins Interblock as VP of New Business Development & Technology

Popular Posts