Thursday, June 21, 2018

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Clarion named 'most influential company of the last 25 years’

Clarion Events, organiser of world leading gaming brands including ICE London, ICE VOX, iGB Live!, London Affiliate Conference, Juegos Miami and GiGse has been named as the event industry’s most influential company of the last 25 years.

Clarion named 'most influential company of the last 25 years’

World Casino News
Imperial Pacific International Holdings Limited suing in-arrears high rollers

In the Commonwealth of the Northern Mariana Islands, the operator behind the Imperial Palace Saipan integrated casino resort has reportedly filed lawsuits against 13 former customers in an attempt to recover approximately $12.9 million in unpaid debts. According to a Wednesday report from the Saipan Tribune newspaper, Imperial Pacific International Holdings Limited lodged its complaints […]

Imperial Pacific International Holdings Limited suing in-arrears high rollers

Casino News Daily
Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Farhintaj Bonyadi, mother of three-time WSOP gold bracelet winner Farzad Bonyadi, outlasted a behemoth field of 2,191 to win the 2018 WSOP $1,000 Super Seniors No-Limit Hold’em for a gold piece of her own. The player also scooped a hefty payout of $311,451 for her efforts.

It is also interesting to note that Bonyadi actually became the first female winner of this year’s edition of the popular poker series.

The player survived through a massive field and a prolonged heads-up against Robert Beach to win her first title from the WSOP. Shortly after her victory, she said that she felt really great to have a bracelet of her own. Her son, Farzad, was on the rail to support and guide his mother. The mother and son duo told WSOP staff shortly after her victory that it was actually Farzad who taught his mother how to play poker. However, the three-time gold bracelet winner admitted that although he tried to help throughout the tournament, Bonyadi pretty much sealed the victory herself.

The tournament was expected to take place over three days but was extended into a fourth one during which Bonyadi and her heads-up opponent battled it out for the better part of three hours.

Day 3 kicked off with 43 players, but that field was eventually reduced to Bonyadi and Beach. The two players played the final level scheduled for the day and agreed to return for an additional fourth day of play.

Final Day Action

It is important to note that Bonyadi was going really strong throughout Day 3. Yet, she entered the two-handed duel at a considerable chip disadvantage, but apparently, that did not discourage her from pursuing the title. She remained calm and composed, just as her son had taught her.

Day 4 saw Bonyadi drop to 1.85 million at some point to Beach’s 9.105 million. However, her patience paid well as the player managed to double, even the stacks, and take the lead. She never looked back from that point on. After an epic marathon of chips going back and forth for 175 hands, Bonyadi eventually eliminated her final opponent.

The final hand in play saw Bonyadi raise to 425,000 pre-flop and Beach call. The [6d][4d][7c] landed on the flop. Bonyadi checked and Beach bet 600,000. Bonyadi check-raised to 1.2 million, which her opponent called. The [3s] arrived on the turn to see Bonyadi bet 600,000 and Beach call. The [5h] rolled out on the river. Bonyadi moved all in with [8s][8d] and Beach called with [9s][7s]. The latter hit the rail for $192,397, as WSOP’s brand new champion raised her hands in the air in celebration.

As mentioned above, the Super Seniors tournament attracted 2,191 entries who created a prize pool of $1,971,900. The top 329 places paid with cashes starting from $1,500.

The post Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet appeared first on Casino News Daily.

Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Casino News Daily
Swedish Gambling Authority to Publish License Application Forms for Interested Operators on July 10

The Swedish Gambling Authority, Lotteriinspektionen, announced Wednesday that application forms for interested gambling companies will be available on its website from July 10. The regulator has previously confirmed that the application process for online gambling licenses would start from August 1, 2018.

Yesterday’s announcement marked another preparatory stage ahead of the planned reorganization of Sweden’s gambling market.

Earlier this month, the Swedish legislature approved the country’s proposed new gambling law, Re-Regulation of the Gambling Market (En omreglerad spelmarknad), that aims to replace the country’s existing gambling regulations and liberalize the local market in a manner that would allow for international companies to be able to operate in a regulated environment.

Lotteriinspektionen said in a Wednesday press release that a number of foreign operators have already expressed interest in entering the local market and that they anticipate the beginning of the licensing process. The country’s new gambling law is expected to come into effect on January 1, 2019. It is currently being reviewed by the European Commission and is under a three-month standstill period.

The reorganization of Sweden’s landscape is expected to create one of Europe’s largest regulated online gambling markets. Online gaming and betting companies have been targeting Swedish players quite aggressively over the past several years, taking advantage of the potential of the local gambling space and there will certainly be great interest among those to be able to operate under the new regime.

According to the latest financial report from Lotteriinspektionen, Sweden’s gambling market was worth SEK22.6 billion last year and its gray iGaming market accounted for nearly a quarter of the whole with estimated revenue of SEK5.5 billion.

Possible delays of the Application Forms’ Publication

The Gambling Authority said that while it expects to be able to publish the application forms on July 10, there could be certain delays. The regulator explained that the government is yet to decide on certain aspects of the planned re-regulation of the market and that these decisions are scheduled to be made on July 5.

However, if lawmakers fail to move forward with these, the regulatory body warned that it could publish the forms at a later date and once all legal details are sorted out. Lotteriinspektionen further pointed out that it would publish its final guidelines in relation to the application process on or after July 24. The guidelines will contain important information for operators, the final regulations as approved by the government, and general advice. Application forms would be able to be submitted to the regulator from August 1.

Sweden is gearing up for the re-regulation of its market as more and more gambling companies are picking the Stockholm Stock Exchange to float on. Bloomberg recently reported that the Swedish capital’s stock exchange has become home to the largest number of gambling operators and providers with 19 such companies, beating the London Stock Exchange.

The post Swedish Gambling Authority to Publish License Application Forms for Interested Operators on July 10 appeared first on Casino News Daily.

Swedish Gambling Authority to Publish License Application Forms for Interested Operators on July 10

Wednesday, June 20, 2018

Casino News Daily
Valve Disables Item Trading for Dutch CS:GO and Dota 2 Players as Loot Box Crackdown Looms

Video game developer Valve Corporation announced yesterday that it has decided to disable item trading for Dutch players of its Counter Strike: Global Offensive and Dota 2 games.

The announcement came shortly after the Netherlands Gaming Authority, Kansspelautoriteit, released a statement saying that it would begin conducting previously announced checks whether certain game developers have adjusted their games in a manner that does not break the country’s gambling laws.

The adjustments required were mainly related to the so-called loot boxes that have been making the headlines since last fall’s release of EA’s Star Wars Battlefront II video game. Generally speaking, loot boxes are in-game purchasable items which, in turn, contain different goods that can either be of great use to a player or of little value. The random selection of items in a loot boxes and the fact that these can be purchased and transferred have unleashed a massive debate, with opponents arguing that the boxes constituted a form of gambling.

Kansspelautoriteit carried out a probe into the matter from November 2017 through April 2018 and released a report to present its findings. The regulator reviewed ten games that were available to Dutch players and featured loot boxes, and stated that four of these were violating Dutch gambling regulations.

Publishers of the four games were not specifically named, but as it can be seen, Valve was one of them. The gambling regulator informed developers that they should make certain adjustments to their games to bring them in line with local regulations until today, June 20, or face punitive measures.

Valve’s Response

In a Tuesday message to its customers, Valve said that it has been sent two letters by Kansspelautoriteit in May in relation to its Counter Strike: Global Offensive and Dota 2 games. Both letters stated that the loot boxes featured in those violated the Dutch Betting and Gaming Act.

The letters went on that if Valve did not make the necessary adjustments by June 20, it would face prosecution in the Netherlands. The game developer argued that it did not receive any additional information in relation to the adjustments that needed to be made and that the explanation provided in Kansspelautoriteit’s report on loot boxes that these breach the law if the goods in them were transferable and did not violate that same law if the goods were not transferable was a “rather simplistic statement”. It also pointed out that it disagreed with Kansspelautoriteit’s findings.

The game developer said in its message from yesterday that the only practical solution for now was to disable trading and transfers of items for Dutch players of its Counter Strike: Global Offensive and Dota 2 games. Valve further noted that it would engage with the gambling regulator to gain more clarity on the matter and hopefully find a less inconvenient solution.

The post Valve Disables Item Trading for Dutch CS:GO and Dota 2 Players as Loot Box Crackdown Looms appeared first on Casino News Daily.

Valve Disables Item Trading for Dutch CS:GO and Dota 2 Players as Loot Box Crackdown Looms

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European Casino Association’s annual industry forum comes to Monaco

The annual gathering of high-level representatives from the land-based casino industry will take place at the Casino de Monte-Carlo and Hôtel Hermitage Monte-Carlo in Monaco on 28 & 29 June 2018.

European Casino Association’s annual industry forum comes to Monaco

Casino News – Focus Gaming News
Lawrence Ho hopes for more gaming tables

The CEO of Melco Entertainment is hoping that the government will grant the company more gaming tables for the new Morpheus Hotel.

The post Lawrence Ho hopes for more gaming tables appeared first on Focus Gaming News.

Lawrence Ho hopes for more gaming tables

Casino News Daily
Sky Bet Boss Richard Flint Named UK’s Best CEO in Glassdoor’s Employees Choice Awards

Sky Betting & Gaming Chief Executive Richard Flint has been recognized as UK’s best CEO of 2018 in Glassdoor’s sixth annual Employees Choice Awards. Mr. Flint has been at the company’s helm for nearly two decades.

Glassdoor’s list shows that the Sky Bet executive has nipped past Microsoft boss Satya Nadella and Capital One’s Richard D. Fairbank. This year’s top 5 ranking also includes Marc Benioff from Salesforce and Tim Kidd from Kantar Worldpanel.

Generally speaking, the Top CEOs list, presented by job search and reviews website Glassdoor, is based on reviews and feedback from current and former employees of one company or another. To qualify, a given company needs to be employing at least 1,000 people. Sky Bet, one of UK’s biggest online gambling companies, currently employs around 1,200 people.

Some of the comments from Sky Bet staff regarding the company’s top executive and management team pointed that managers were “approachable” and that there was clarity about how the business was doing.

As mentioned above, Mr. Flint assumed the CEO post at the major gambling company nearly twenty years ago. Sky Bet has over the years grown into the operator with the largest active UK online player base. Most recently, the company has revealed that it generates 80% of its revenue from mobile gambling, an indication that it is one of the early successful adopters of what is anticipated to turn into a leading growth driver within the global gambling industry.

Commenting on his role as a leader, Mr. Flint said in an interview with Quartz at Work that, contrary to what many believe, a boss and a leader does not always have all the answers and is not always “the smartest person in the room”. Of his approach to leadership, the executive said that he fosters a “supportive and collaborative” work environment that revolves around “empathy, humility, and honesty”.

Recognition amid Expansion

Sky Bet had previously focused its attention solely on its domestic UK market. However, the company announced last year that it would look to expand across other major markets, with the first two of these being Italy and Germany.

Reports emerged earlier this year that the company was planning to float on the London Stock Exchange. That plan was later on put on hold as Canadian gambling giant The Stars Group, owner of poker operator PokerStars, announced that it was buying Sky Bet in a deal valued at around $4.7 billion that would result in the creation of the world’s largest listed online gambling company.

The transaction is expected to be completed in the third quarter of the year, subject to approval from gambling regulators, NASDAQ, and the Toronto Stock Exchange. Being part of The Stars Group will give Sky Bet access to a number of new markets to deliver its geographical expansion strategy in.

The post Sky Bet Boss Richard Flint Named UK’s Best CEO in Glassdoor’s Employees Choice Awards appeared first on Casino News Daily.

Sky Bet Boss Richard Flint Named UK’s Best CEO in Glassdoor’s Employees Choice Awards

Tuesday, June 19, 2018

World Casino News
MGM Resorts International hires Scott Butera

Giant casino operator, MGM Resorts International, announced that it has appointed well-known entertainment and hospitality executive, Scott Butera (pictured), to serve as its Interactive Gaming President and help the company to grow its presence in the expanding American sportsbetting sector. Las Vegas-headquartered MGM Resorts International, explained that its hiring of Butera follows last month’s ruling from […]

MGM Resorts International hires Scott Butera

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British And Irish Industries Unite To Support Responsible Gambling Week 2018 Builders

The Industry Group for Responsible Gambling (IGRG) has announced that Responsible Gambling Week 2018 will take place from 1st - 7th November and that, for the first time, organisations and businesses from Ireland and Northern Ireland will join those from Great Britain in supporting the event.

British And Irish Industries Unite To Support Responsible Gambling Week 2018 Builders

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