Wednesday, October 31, 2018

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Asian MELCO Resorts & Entertainment and Alphaslot to speak at GSA Technology Summit – Focus on Blockchain

The Gaming Standards Association (GSA) is set to welcome the industry to its first ever conference event: GSA Technology Summit – Focus on Blockchain. 

Asian MELCO Resorts & Entertainment and Alphaslot to speak at GSA Technology Summit – Focus on Blockchain

Casino News Daily
New York Jets Join Forces with Casino Giant MGM in “First-of-Its-Kind” Deal

The Jets pen landmark deal with casino operator MGM Resorts International shortly after 888 advertising tie-up

The New York Jets and MGM Resorts International today announced a “first-of-its-kind” integrated gaming partnership that makes the casino and hospitality operator the official gaming partner of the NFL team.

The announcement about the Jets/MGM tie-up arrives shortly after reports emerged that the team has joined forces with online gambling operator 888 Holdings in a sponsorship deal that is yet to be announced officially.

In addition to a traditional casino sponsorship, the Jets’ deal with MGM also involves the I Called It mobile game which allows fans of the NFL team to answer questions about Jets games. The game is sponsored by MGM’s mobile app Play MGM and is available exclusively in the Official New York Jets App. It is free to play and provides Jets fans with the chance to win different prizes. However, it does not allow them to wager money on Jets games.

As part of the deal, MGM will be designated as the official gaming partner of the NFL team. In addition, the casino operator will sponsor and be offered access to the Jets 360 Production Studio, where the team films dedicated digital media and television content. The Jets’ home stadium, MetLife Stadium in East Rutherford, New Jersey, will feature MGM signage.

Jets season holders and members of the Jets’ rewards program will be treated to entertainment experiences and hotel rooms at MGM resorts around the nation, including Atlantic City’s Borgata, as part of the newly penned partnership between the football team and the gaming and hospitality giant.

888 Partnership Draws Ire

It also became known earlier this week that the Jets have secured a sponsorship agreement with online gambling operator 888. While an official announcement about the tie-up is yet to be made, 888 banners can now be spotted at MetLife Stadium.

The NFL changed its advertising policies in early September to allow teams to join forces with casino companies and thus boost their advertising revenues. However, under the new rules, the sponsorships should not promote and involve sports betting in any way.

888 currently offers online casino, poker, and sports betting services, and its wagering offering was what drew criticism as the company’s tie-up with the Jets was unveiled. Supporters of the partnership have pointed out that it does not violate the NFL’s advertising rules as 888’s sports betting business is not directly promoted. However, opponents have argued that the deal definitely crosses the line.

The New York Jets are not the only team to have partnered with gambling companies since the NFL relaxed its rules. The Dallas Cowboys joined forces with WinStar World Casino in Oklahoma in early September, while the Baltimore Ravens inked a deal with Horseshoe Casino Baltimore.

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The post New York Jets Join Forces with Casino Giant MGM in “First-of-Its-Kind” Deal appeared first on Casino News Daily.

New York Jets Join Forces with Casino Giant MGM in “First-of-Its-Kind” Deal

Casino News Daily
William Hill Makes £242-Million Offer to Buy MRG ahead of Major UK Gambling Industry Disturbances

William Hill looks to expand European presence, diversify revenue mix, improve online performance with MRG marriage

William Hill today announced that it has made a cash offer to acquire Malta-headquartered online gambling operator Mr Green & co AB (MRG) as the British bookmaker is seeking to bolster its digital arm and amid tumultuous times for the UK gambling industry.

William Hill has offered to buy the online gambling company, which is based in Malta but hails from Sweden, for SEK69 per MRG share or a total consideration of SEK2.8 billion (approximately £242 million).

Assuming approval by Mr Green shareholders, the deal is expected to be finalized in January 2019. In a statement from earlier today, MRG has notified that its Board of Directors has unanimously recommended that the company’s shareholders accept the offer.

The transaction will extend the international footprint of William Hill’s online business and will help it establish presence in new markets. MRG’s online gambling brands Mr Green and Redbet currently operate in 13 markets, including Italy, Denmark, and the UK. The Malta-based gambling group has also applied for a license in Sweden.

In a statement from earlier today, William Hill has lauded both MRG’s sports betting and casino products and has pointed out that pairing with the company would allow it to strengthen its digital business, improve its revenue mix, and reduce its exposure to the UK gambling market, which is set to go through massive regulatory disturbances next year with the expected cut of the maximum FOBT stake and the implementation of a remote gambling duty hike.

Commenting on the offer, William Hill CEO Philip Bowcock said today:

“This proposed acquisition accelerates the diversification of William Hill – immediately making us a more digital and more international business. MRG will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries. William Hill will move from a single brand to a suite of brands that can maximise growth opportunities moving forward in new and existing markets.”

The British bookmaker expects the deal to be accretive to earnings from year one of ownership before synergy benefits. It also anticipates synergy benefits of no less than £6 million per year. The synergy benefits are expected to be achieved progressively, with full delivery being anticipated by the third year after the completion of the acquisition.

Second Wave of Merger and Acquisition Deals

The UK gambling industry is facing massive regulatory challenges as Chancellor of the Exchequer Philip Hammond announced that the government will look to offset the losses from the planned cut of the maximum FOBT stake from £100 to £2 with an increased Remote Gambling Duty rate. Both changes will take force in October 2019 and come as part of Chancellor Hammond’s new Budget. Online gambling operators currently pay a 15% tax on gross gambling yield, but after the announced hike they will be required to contribute 21% of their GGY to the nation’s coffers.

Both the looming crackdown on the highly controversial FOBTs and the recently announced tax hike will hit William Hill’s profitability significantly. The British bookmaker owns one of the nation’s largest chains of betting shops with FOBTs, but its digital business has only shown mediocre performance over the past several years.

The introduction of the 15% Point of Consumption tax in 2014 sparked an unprecedented wave of merger and acquisition deals in the gambling industry. As a result, six of UK’s largest gambling companies paired to better position themselves in the changing landscape. The FOBTs clampdown and the new tax rate could certainly unleash a second wave of M&A activity and William Hill could become the main initiator of that wave.

Questions and comments about the plausibility of a marriage between William Hill and MRG have emerged immediately after the British bookmaker announced its intentions earlier today. While many would consider William Hill’s decision to acquire MRG a bit unexpected and its £242-million offer a bit too high, it should be said that the latter company has performed more than well over the past year. It has strengthened its position in the lucrative Nordics, has improved significantly its gaming product and has diversified its offering with a sportsbook, and has thus improved its financial performance.

William Hill will thus benefit from the addition of more brands to its portfolio and of revenue from European markets. It is also important to note that the proposed acquisition of MRG comes at a time when the British bookmaker is looking to cement its position in the recently liberalized US sports betting market.

William Hill has begun to gradually expand its sports betting presence beyond Nevada, where it has been operating sportsbooks for many years, and in other states where sports betting has become legal following the mid-May SCOTUS ruling that annulled a long-standing wagering ban. The company recently struck a deal with US casino operator Eldorado Resorts to lock up access to 23 million customers across the US. The deal has also made the British company Eldorado’s exclusive sports betting and online gambling partner across its 26 casinos in 13 states.

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The post William Hill Makes £242-Million Offer to Buy MRG ahead of Major UK Gambling Industry Disturbances appeared first on Casino News Daily.

William Hill Makes £242-Million Offer to Buy MRG ahead of Major UK Gambling Industry Disturbances

Tuesday, October 30, 2018

Casino News – Focus Gaming News
Foxwoods appoints new executive
Foxwoods appoints new executive

The Connecticut casino revealed that a new specialist has joined the executive team.

The post Foxwoods appoints new executive appeared first on Focus Gaming News.

Foxwoods appoints new executive

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Clarion continue to drive fundraising for CHIPS at charity golf
 

Clarion Gaming has continued its support of CHIPS, the gaming industry charity that supplies powered wheelchairs to children with severe mobility issues, by entering two teams into the recent CHIPS Charity Golf Tournament, an event which raised a total of £40,000.
 

Clarion continue to drive fundraising for CHIPS at charity golf

World Casino News
Evolution Gaming Group AB inks New Jersey supply agreement

Live-dealer online casino games provider Evolution Gaming Group AB has announced the signing of a deal that is to see it provide its products to players in New Jersey via the domain at PokerStarsCasinoNJ.com. Powering the live casino action: The Stockholm-listed firm used an official Monday press release (pdf) to reveal that the agreement will involve […]

Evolution Gaming Group AB inks New Jersey supply agreement

Casino News Daily
Daphne Caruana Galizia Assassination Suspect Cleared of Casino Fraud Charges

Muscat is a known criminal, one of three individuals charged with the murder of Daphne Caruana Galizia

Vince Muscat, known as il-Koħħu, has been cleared of charges in a casino fraud case going back to 2007, local news outlet Malta Today reports. Muscat is one of the three men charged with the assassination of Maltese investigative journalist and anti-corruption activist Daphne Caruana Galizia.

Muscat has been accused of attempting to defraud Casino di Venezia of the total amount of €2,329.37. According to court records, he had acted together with Mario Spiteri, had used the registration details of another person, and had bribed a croupier at the casino.

The incident occurred in 2007. However, presiding Magistrate Donatella Frendo Dimech said issuing her decision that the case was only passed on to her in early 2016.

Following a police investigation, it has been discovered that Casino di Venezia croupier Brian Dingli had been bribed by the suspects to help them defraud the casino. The sophisticated scheme allegedly involved the croupier arranging playing cards in a certain sequence and communicating important information to the suspects who had played online.

The person whose details had been used for opening an account with the gaming operation was found to have been Joseph Buttigieg from Ghajnsielem, Gozo.

Croupier Found Guilty, Muscat Cleared of Charges

The croupier was found guilty after a casino CCTV footage showed that he had not shuffled cards at the time the incident had taken place, had hidden his hands under the table, and had used his mobile phone after taking a break to allegedly communicate with Muscat and his accomplice.

Buttigieg admitted to the police that he had been involved in the incident and that he had provided Muscat and Spiteri with his log in details and password. He also admitted to being present when the two suspects had played and had seen them read a message on their mobile phone that had allegedly been sent by the croupier. Buttigieg was sentenced in May 2008, Malta Today wrote, but was discharged conditionally.

He then flew to Australia. Buttigieg was approached by Maltese authorities to provide a witness statement but he refused to do so, saying that he feared retribution against him or his family in Malta.

Muscat and his accomplice were first charged in June 2008 and the first hearing took place in September 2008. As mentioned earlier, it took eight years for the case to reach Magistrate Dimech’s desk. Muscat and Spiteri were eventually found not guilty due to the lack of evidence of any wrongdoing and after Buttigieg’s continued refusal to give such evidence.

Muscat was one of three individuals arraigned on charges of the murder of Maltese journalist Daphne Caruana Galizia. The investigative reporter died on October 16, 2017 in a car bomb attack not far from her home. Muscat was charged alongside Alfred Degiogio and George Degiorgio. All three are known criminals, previously linked to a 2010 HSBC heist.

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The post Daphne Caruana Galizia Assassination Suspect Cleared of Casino Fraud Charges appeared first on Casino News Daily.

Daphne Caruana Galizia Assassination Suspect Cleared of Casino Fraud Charges

Monday, October 29, 2018

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Gaming Arts Showcases New Products and Demonstrates its Ability to “Play BIG!” at G2E 2018

G2E, one of the gaming industry’s largest events, marked a defining period in the Company’s history with the launch of more than ten new products and features, including dozens of new slot themes, in what was Gaming Arts’ largest G2E booth to-date.

Gaming Arts Showcases New Products and Demonstrates its Ability to “Play BIG!” at G2E 2018

World Casino News
Evolution Gaming Group AB premieres Live Infinite Blackjack

Live-dealer online casino games provider Evolution Gaming Group AB has announced that its portfolio has just been expanded following the launch of its new Live Infinite Blackjack innovation. Seats always available: The Stockholm-listed firm used an official Friday press release to detail that its latest advance is available to all licensees for use across desktop, tablet […]

Evolution Gaming Group AB premieres Live Infinite Blackjack

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Incredible Technologies Revitalizes Customer Service Effort with New Hire

Incredible Technologies announced today that in an effort to better serve their customers and growing footprint, they have hired Miguel Peňa Jr. as Director of Customer Solutions. 

Incredible Technologies Revitalizes Customer Service Effort with New Hire

Casino News Daily
Cayman Islands Legislators Table New Anti-Illegal Gambling Bill

Cayman Islands lawmakers look to clamp down on illegal gambling with heftier fines

Cayman Islands lawmakers have indicated their intentions to ramp up efforts to crack down on illegal gambling with the recent introduction of a piece of legislation that, if adopted, would increase the penalties imposed on violators of existing laws in the British Overseas Territory.

The new Gambling (Amendment) Bill 2018 aims to revise provisions in the Cayman Islands’ existing Gambling Law that were never amended since the original enactment of that law in 1964. The piece of legislation will be discussed in the next meeting of the Legislative Assembly, which is scheduled to take place in November. The bill is currently a subject of public consultation that will remain open until the upcoming Legislative Assembly debate.

The piece concerns every individual involved in any way in gambling activities, from people who conduct such activities to gamblers. Under the bill, penalties for the ownership and use of premises for the provision of gambling services, the publication of lottery numbers, and handling proceeds from gambling activities would increase from $400 to $10,000. In addition, the maximum prison time for individuals caught to have been involved in any of the above violations would increase from one to three years.

Penalties for participation in public lottery, that is playing or being found in an illegal lottery establishment, would increase from $10 to $2,500, while the maximum prison sentence would increase from two to six months.

Other provisions in the bill include a rise in the penalty for those found to have taken part in or conducting a lottery game from $100 to $20,000 and in the prison term from two months to three years.

No Online Gambling Provisions

While the Gambling (Amendment) Bill 2018 contains extensive provisions regarding the conduction and participation of lottery (number) games in land-based establishments across the Cayman Islands, it does not specify whether those same provisions apply to online gambling.

According to analysts, lottery games are extremely popular with Cayman Island residents, but online gambling on offshore websites could actually be where the greater portion of gambling money is spent. The Gambling (Amendment) Bill in its current form does not specify whether and how gambling online or the provision of unauthorized online gambling services would be charged.

The focus on lottery games has been justified with the fact that it is much easier to identify and locate people who provide or gamble on this type of activities as they are usually conducted at local stores, bars, or private residences.

Lawmakers have over the years proposed the introduction of a national lottery that would contribute funds to good causes, but such proposals have failed to gain enough traction in the Cayman Islands’ Legislative Assembly.

Growing crime rates have been among the main reasons why lawmakers and local authorities have maintained the current status of gambling on the Cayman Islands. According to local police, there has been a steady rise in the number of gambling-related incidents. In addition, “a strong connection between certain crimes and gambling activities” has been identified by authorities.

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The post Cayman Islands Legislators Table New Anti-Illegal Gambling Bill appeared first on Casino News Daily.

Cayman Islands Legislators Table New Anti-Illegal Gambling Bill

Sunday, October 28, 2018

World Casino News
Realistic Games announces new Shuffle Bots slot game

Top content developer Realistic Games has announced yet another new online slot game, this time creating a title based on dancing robots. Shuffle bots is a 5-reel, 20 payline slot game that uses the newest HTML5 technology, allowing players to enjoy the game on desktop, smartphone and tablet. The new game has a disco theme, […]

Realistic Games announces new Shuffle Bots slot game

Saturday, October 27, 2018

World Casino News
ProgressPlay selects Groove Gaming Limited

iGaming content aggregator Groove Gaming Limited has announced the signing of a ‘white-label’ deal that is set to see it supply a portfolio of over 1,500 HTML5-friendly video slots and live casino games to Maltese platform provider ProgressPlay. Long list of developers: The Israeli firm used an official Friday press release published by European Gaming […]

ProgressPlay selects Groove Gaming Limited

Friday, October 26, 2018

Casino News Daily
Ukraine’s Illegal Gambling Market Thrives as Government Fails to Set Regulations

The lack of solid regulation in the Ukrainian gambling and betting industry has resulted in a booming underground gambling business while millions of dollars are going down the drain. According to local media reports, hundreds of gambling facilities disguised as lottery offices, are freely operating across the country.

Officially, almost all forms of gambling are banned in Ukraine with only licensed lotteries allowed to operate. Since 2009, when the Verkhovna Rada (the name of the Parliament) passed the ban into law, however, there have been multiple reports of existing underground gaming facilities. By July 2009, more than 6,000 illegal slot machines had been confiscated from dozens of illegal establishments. Investigations led to over 200 criminal charges. Things have not changed a lot since then.

In an article, the Kyiv Post uncovers what turns out to be a widespread scheme for illegal gambling operations that are carried out freely under the guise of lottery offices. The newspaper describes in details that the lack of clear regulation of the sector has allowed illegal businesses to thrive, nurturing organized crime and corruption. In 2012, according to the publication, the Rada loosened the gambling ban, allowing lottery operators to run gambling activities. During that time, the majority in the Parliament was held by the Party of Regions, the party of former president Viktor Yanukovych who is currently in exile in Russia and wanted by Ukraine for high treason.

As a result of the unfinished reforms in the sector – special legislation and gambling zones were initially considered, operators of underground gaming facilities are now offering slot-like games under their lottery licenses. There are lottery offices in every city and town across the country and many of them only pretend to offer lottery tickets. Although logos of the Ukrainian National Lottery can be seen, there are no lottery products on sale. Interestingly, there are no slot machines visible, as well.

The facilities are, actually, packed with computers – their keyboards are specifically customized to work like classic slot machines. Customers purchase plastic cards that are placed into special slots on the keyboard and the computer instantly turns into a Vegas-style casino game, the Kyiv Post reveals. Only cash is accepted, of course. And authorities seem to be clueless about this simple, yet extremely effective scheme, the paper suggests.

Revenues from Illegal Gambling Reach $1 Billion

It is impossible to estimate the exact cost of the black market gambling industry to Ukraine’s economy but it is certainly within the six and seven-figure range. The Kyiv Post spoke to Agia Zagrebelska of the Anti-Monopoly Committee who says that the revenues from illegal gambling reach $1 billion a year. According to other foreign experts, underground gaming operators generate much more from their unregulated activity.

Every year, Ukrainian lotteries pay around $2 million in taxes. The tax revenue that comes from lottery winners, on the other hand, is approximately $4 million, which is, by all standards, bizarre. In fact, most things related to gambling in Ukraine is out of the ordinary – there are three operators which held licenses granted by the state, namely MSL, Patriot, and the Ukrainian National Lottery. Their licenses have expired in 2014 but due to a legal loophole, they can operate until new licenses are issued.

Each of the three operators is allowed to run up to 5,000 lottery shops, which suggests that there must be up to 15,000 lottery offices on the territory of Ukraine. In addition, these three operators have extended their permits via franchise to some 180 retailing companies that can sell lottery tickets. As a result, the actual number of lottery offices could not be estimated. At the same time, the Anti-Monopoly Committee says that only 19 percent of them sell lottery products, while the rest functioning like gaming facilities or betting shops. Overall, the underground gambling scene seems to be thriving in Ukraine and the state is losing millions of dollars due to the lack of oversight and resolution to come up with a new legal frame.

The post Ukraine’s Illegal Gambling Market Thrives as Government Fails to Set Regulations appeared first on Casino News Daily.

Ukraine’s Illegal Gambling Market Thrives as Government Fails to Set Regulations

World Casino News
Pragmatic Play announces new Ancient Egypt Classic slot game

Top online gaming developer, Pragmatic Play, has announced their newest blockbuster slot, Ancient Egypt Classic. This new game is a video slot with a 3×5 grid, set to go live on Halloween, October 31st. The online slot game includes many symbols that are found in ancient Egyptian culture including the Eye of Ra, ankhs, Anubis the […]

Pragmatic Play announces new Ancient Egypt Classic slot game

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Praesepe strike purchasing deal with Genesis

Praesepe, part of the Gauselmann Group, has invested further in its machine estate, placing significant orders across the Amatic Industries range of Category C and B3 games, including the 24” Amarax and the 27” Performer Grand Arc Sitdown.

 

Praesepe strike purchasing deal with Genesis

Casino News – Focus Gaming News
Macau drives Las Vegas Sands growth in 3Q18
Macau drives Las Vegas Sands growth in 3Q18

Las Vegas Sands Corp revenue grew 6.7% to US$3.37 billion during the third quarter, mainly thanks to Macanese operations.

The post Macau drives Las Vegas Sands growth in 3Q18 appeared first on Focus Gaming News.

Macau drives Las Vegas Sands growth in 3Q18

Thursday, October 25, 2018

World Casino News
Full House Resorts Incorporated rejects takeover approach

American regional casino operator, Full House Resorts Incorporated, has rejected a proposal from Z Capital Partners that would have seen the private equity management firm pay approximately $132.5 million in order to acquire all of its issued stock. Unanimous refusal: In an official Tuesday letter sent to James Zenni, Chief Executive Officer for Z Capital Partners, […]

Full House Resorts Incorporated rejects takeover approach

Casino News – Focus Gaming News
BCLC hires auditor to monitor three casinos
BCLC hires auditor to monitor three casinos

The corporation has hired a third-party auditor to monitor the three busiest casinos in the city.

The post BCLC hires auditor to monitor three casinos appeared first on Focus Gaming News.

BCLC hires auditor to monitor three casinos

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Business Numbers Boom at Global Gaming Expo 2018

Attendance figures reveal significant increase for the gaming industry’s marquee 

Business Numbers Boom at Global Gaming Expo 2018

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Slotegrator Live Streaming from ICE Africa 2018

Yesterday was the first day of the exhibition-conference, ICE Africa 2018. The Slotegrator team has come to Southern Africa to contribute to this outstanding event and to join various gambling experts from all over the world.

Slotegrator Live Streaming from ICE Africa 2018

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