Monthly Archives: February 2015

Wisconsin tribe offers $220m for Bucks arena in exchange for casino license

The Wisconsin’s Menominee Tribe wants to partner with the Seminole Tribe to build a new Hard Rock casino in Kenosha, Wisconsin. The only problem is that the project needs government approval. To circumvent the political red tape, the two tribes have come up with a novel approach.

The tribes are offering the state $220 million to help fund a new arena for the Milwaukee Bucks in exchange for approval to build the casino. “Our $220 million proposal eliminates a big political problem and creates a major advantage to state taxpayers,” Menominee Chairman Gary Besaw said at a news conference in Milwaukee earlier this week. “We want Wisconsin to stay big league.”

As tempting as the offer is, the government isn’t biting…yet. Governor Scott Walker’s secretary, Mike Huebsch, shrugged off the proposal and criticized the tribes for not directly going to the state to lay out its plans. “We’re finding out through news releases,” Huebsch said, as quoted by the Journal Sentinel. “When you get to the point that you’re negotiating by news release, you realize that there isn’t any validity to these offers.”

On paper, the deal looks like a slam dunk for the state. It can help fund the proposed arena, which already has a pledge of $150 million from the new Bucks owners, Wesley Edens and Marc Lasry, and an extra $100 million from former owner Herb Kohl. But everything isn’t as easy as it looks.

For one, the Menominee tribe has been clamoring to build a casino in Kenosha for over a decade. If it hasn’t made any inroads in that time, there’s obviously a lot of back-channel discussions to get through. Then there’s the issue of existing casinos in the state, namely the Potawatomi in Milwaukee and the Ho Chunk casinos spread throughout the state. These establishments are unlikely to support a new casino, especially one located between Milwaukee and Chicago, that can eat into their market shares. Plus, the Potawatomi tribe has an agreement with the state from 2005 that requires the state to compensate the tribe for any potential revenue losses in the event a new casino opened in Kenosha.

Knowing all of that, Besaw and Allen are still optimistic that the state could change its stance. To sweeten the pot, the two are also pledging a $275 million bond to cover any potential state losses from the Potawatomi and Ho-Chunk casinos and an estimated $1.2 billion in Kenosha gaming proceeds the tribe has committed to the state.

Melco Crown wins Forbes awards; SunCity VIP room in Wynn Macau to open soon

Melco Crown Entertainment may have experienced a decline in net revenue in the fourth quarter of 2014 but at least it received some good news after two of its properties, Altira Macau and Crown Towers, became the recipients of the Forbes Travel Guide Five-Star Awards.

The two properties have become regular winners of the prestigious distinction, bringing up Melco Crown’s tally to eight awards in the last few years.

“We are very proud to receive these accolades from Forbes Travel Guide. I am especially delighted that our efforts to achieve the highest standards in service continue to be recognized internationally,” Melco Crown Entertainment CEO Lawrence Ho said in a statement.

All in all, eight hotels in Macau were given the distinction, including Altira and Crown Towers. The other six are the Banyan Tree Macau, Encore Macau, Four Seasons Hotel, Mandarin Oriental, and Wynn Macau. Altira and Crown Towers also placed well among the nine restaurants that were awarded the Five-Star award. Of the 14 restaurants that were either given Five-Star and Four-Star awards, there were two restaurants from Altira – Aurora, Tenmasa, – with Crown Towers boasting another two quality eating spaces – Jade Dragon and the Tasting Room.

Meanwhile, the SunCity Group, regarded by many as the biggest and most powerful junket operators in Macau, is expected to open its VIP room in Wynn Macau. According to Union Gaming Research Macau Ltd., the junket operator could open its own room as early as this weekend, which will take up some space of the casino’s revamped VIP gaming area.

Wynn Macau President Gamal Aziz said that the company has already axed weaker junket operators, opting only to deal with the strongest junket operators, at least from a financial standpoint. “We’ve given our two new rooms to Guangdong and to Suncity,” Aziz added. “Suncity is financially probably the most powerful of the junket operators.”

Union Gaming Research Macau indicated that SunCity’s inclusion in Wynn Macau’s VIP gaming area now allows the operator to resume the use of some 40 odd gambling tables that were offline for the better part of last year.

Calling the Clock: Twitch, Tilt and Tig Trager

Lee Davy takes a look at a week in poker that sees a lot of talk and no action in the American online poker dreamscape, more great ties between charity and poker, the usual poke into the life of Dan Bilzerian, Alex Dreyfus feeling the Twitch, and Kara Scott happy to be on tilt.

Another fun filled week of poker news stories and it begins in the land of the free, and the home where you can own more artillery than a character on Resident Evil but can’t play online poker.

I am, of course, talking about the not-so United States of America.

Do you want the good news or the bad news?

Bad news?

Ok.

Online poker players living in the states of Mississippi and Washington can lose the smiles. Efforts to push online gambling legislation through the halls of power have stalled. Neither effort got the support that it needed and the paperwork has since been filed in the ‘try harder next time pile.’

RAWA Puts Pressure on California Tribes

Federal legislation introduced earlier this month to ban online poker and gambling is putting the heat on California tribes.

Rep. Jason Chaffetz again introduced the Restoration of America’s Wire Act (RAWA) this year, aimed at getting rid of igaming in the U.S., including the Internet poker and gambling regimes already operating in Nevada, Delaware and New Jersey since 2013.

As the nation’s most populous state, an approved online poker bill in California would go a long way toward putting the kibosh on any approval of RAWA by federal lawmakers. California tribes, seven of whom are split into three factions that remain at odds over the inclusion of PokerStars and racetracks in the state’s possible ipoker scheme, continue to hold up progress in advancing online poker legislation.

Confer and compromise

Three Reasons Why the 2015 WSOP Will Be the Best Ever

The 2015 World Series of Poker promises to be one of the best in history. Thanks to key changes and additions to the schedule, this year’s WSOP will shatter records and help to grow the game of poker as a whole.

There are years that I look at the upcoming WSOP schedule and find it difficult to build excitement. This is not one of those years. Poker players of all skill levels and disciplines will find something to get excited about on this schedule. Below are three reasons why the 2015 WSOP will be the best ever.

Here a Gimmick, There a Gimmick

I never thought I’d be an advocate for “gimmick” poker tournaments but I’ll give credit where it’s due. This year’s schedule has several tournaments that are a bit gimmicky but are perfect to draw in players of all skill levels.

Robert J. Norton

Recognized for driving multimillion-dollar projects forward, Norton has held top executive positions with the MTR Gaming Group and Isle of Capri Casinos, companies whose combined revenues top $1.5 billion. His leadership and passion have become hallmarks of his tenures at both companies, guiding projects from inception to opening and on to profitability.

500.com investors wishing the World Cup happened every quarter

Online sports lottery operator 500.com is finding life difficult now that the 2014 FIFA World Cup is but a distant memory. In the three months ending Dec. 31, the company’s revenues fell 22.1% from Q3 although the numbers were up 52.1% from the same period a year ago. Operating profit fell 44% year-on-year while net income 83% fell to RMB 14.5m (US $2.3m).

As one might expect, the situation was far brighter on the full-year front. Revenue rose 123.4% to RMB 579.7m, operating profit rose 149.6% to RMB 149.5m and net income was up 48% to RMB 157m.

500.com CEO Man San Law said the company had “finished the year on a strong note” and hopes were high for 2015, despite the absence of a major international football tournament.

The number of active users in Q4 was 984k, down 71.9% from Q3 but up 10.2% from Q4 2013. Of these 984k users, 54% accessed 500.com via PC, up from 52.3% in Q3. Mobile app users fell from 736k in Q3 to 409k in Q4, but mobile users’ share of 500.com sales rose from 38.4% to 41.4%. Mobile website users fell by more than half to just 4.6% of total sales.

Looking forward, 500.com expects first quarter sales of between RMB 1.7b and 1.8b, representing a sequential decrease of between 2.4% to 3.4% and a year-on-year gain of between 61.2% and 70.6%. 500.com president Zhengming Pan told analysts the company expects mobile platform sales will top 50% this year for the first time.

Melco Crown’s Macau mass-market gains not enough to offset vanishing VIPs

Casino operator Melco Crown Entertainment (MCE) saw revenue fall in both Q4 and FY 2014 thanks to Macau’s ongoing revenue slump. Full-year revenue fell 6% to $4.8b, earnings fell 7% to $1.28b and net income fell 4.5% to $608.3m. The company laid blame for the slump on lower VIP gambling volume, which was only partially offset by gains in mass-market revenue.

For the three months ending Dec. 31, revenue fell 20% to $1.12b as both VIP and mass-market gambling slowed. Earnings fell 29% to $278.6m and net income tumbled nearly 60% to $92.9m. In addition to less action at the tables, MCE says $26.3m came off the bottom line thanks to costs associated with the in-development Studio City project in Macau and the recently opened City of Dreams Manila.

MCE’s original City of Dreams property in Macau reported Q4 revenue down 18% to $895m as VIP turnover dropped 30%. However, mass-market table drop nudged up 1% to $1.3b and gaming machine handle rose 4% to $1.35b. Non-gaming revenue was basically flat at $71.5m.

Altira Macau saw revenue fall 30% to $173m as VIP turnover fell 24%, mass market table drop fell 14% and non-gaming revenue dipped slightly to $9.4m. Revenue from the Mocha Clubs slots parlors fell 15% to $32.8m thanks to a 400-unit reduction in active machines to 1,300, although net win per machine per day rose 6%.

HO HATES SMOKING BANS AND TABLE UNCERTAINTY, LIKES QUALITY JUNKETS

MCE co-chairman and CEO Lawrence Ho (pictured) said 2014 had been “challenging” in Macau, but Ho took heart by the fact that MCE had been able to boost its share of Macau’s mass-market in Q4. Ho said he’d been “one of the more optimistic people” for Macau’s prospects in 2015, but he now expects the gaming hub to post “slight negative growth year-over-year” in 2015.

Ho suggested a decreased mass-market hold percentage in Q4 was at least partly caused by Macau’s smoking ban and players having to get up from the tables to go burn a butt. Ho wasn’t sure whether this impact would be temporary or permanent but noted that mass hold rate “has always been highly correlated to the length of play.”

Trial set for Detroit woman in slow cooker bludgeoning death

The widow of the Navy SEAL depicted in the Oscar-nominated film “American Sniper” clutched military dog tags and told jurors about her final moments with her husband, just hours before he and a friend were slain at… Police video played in court Thursday showed a former Marine telling officers investigating the deaths of two men including “American Sniper” author Chris Kyle that he had “taken a couple of souls” and had more to take. Tickets in North Carolina, Puerto Rico and Texas have matched all six numbers to win a Powerball jackpot that had been estimated at $500 million.

888Poker News: Xuan Liu Says Goodbye; I Say Hello and Sofia Lovgren Fancies a Piece of Barack Obama

A trio of stories from Camp 888 with the sad news that Xuan Liu will say bon voyage, the good news that I get to play in an 888Poker sponsored event in Dublin, and Sofia Lovgren describes her dream home game.

A triumvirate of 888Poker related stories begins with the news that the Canadian Xuan Liu has parted ways with her sponsor after only a year as part of the gang.

Very grateful to have been given the opportunity for a year but will no longer be an @888poker ambassador.

— Xuan Liu (@xxl23) February 11, 2015

Liu joined 888Poker in April 2014, the same time that the Swedish pro Sofia Lovgren also make the switch from Team PKR. Sam Holden left space on the team after deciding to focus on a career in philosophy. In January, Liu finished runner-up to Sean O’Reilly in the A$1,040 No-Limit Hold’em Six-Max at the Aussie Millions for a score of $58,734. It was her biggest score since joining the team. Liu is the third big name departure after Shane Warne and JC Tran also departed ways in the past six months. There has been a strong outpouring of support on Twitter with Jackie Glazier, Kara Scott and Gillian Epp all paying tribute to her ambassadorial role.

Sofia Lovgren and Her Dream Home Game

They may have joined at the same time, but for the time being at least, it doesn’t look as if they are both leaving at the same time.

Gaming industry aims to be heard in next presidential election

If a Washington, D.C.-based casino trade group has anything to say about it, 2016 presidential candidates campaigning in battleground states with casinos won’t be able to avoid addressing the interests of the gaming industry. The American Gaming Association today unveiled a new national initiative called “Gaming Votes” at the Las Vegas manufacturing facilities of the slot machine maker Aristocrat.

Chris Christie denies holding up PokerStars’ New Jersey license application

New Jersey Gov. Chris Christie says he’s not to blame for delays in approving PokerStars’ online gambling license application, despite heated accusations to the contrary.

PokerStars applied long ago for the right to operate in New Jersey’s regulated online gambling market in partnership with Resorts Casino Hotel but the unresolved criminal prosecutions hanging over Stars’ owners caused the state Division of Gaming Enforcement to suspend Stars’ application for two years in December 2013.

Then Stars changed ownership last June, and new boss Amaya Gaming resubmitted the application, leading state Sen. Ray Lesniak – a champion of the state’s gaming industry – to predict Stars would be back on the Jersey shore within weeks. Sadly, it was not to be, and the protracted silence emanating from the DGE regarding Stars’ application led Lesniak to take to his twitter feed to pin the blame on Christie’s presidential ambitions.

Basically, Lesniak believes Christie doesn’t want to piss off GOP kingmaker and staunch online gambling opponent Sheldon Adelson, who has said Stars’ new ownership has done nothing to expunge its criminal nature. Lesniak went as far as to tweet that PokerStars would “inject life” into Atlantic City but Christie had “soul [sic] out NJ for Adelson’s support.”

Lesniak suggested Christie was stalling Stars in order to give Adelson’s other political rent boys the time to introduce the Restoration of America’s Wire Act, the federal anti-online legislation that would bring an end to intrastate online gambling markets like New Jersey’s. A House version of the bill was introduced this month and Sen. Lindsey Graham is believed to be close to introducing a companion bill in the Senate.

WASN’T ME

Christie’s office told Business Insider it was “nonsensical” to say Christie has personally interfered with Stars’ application, given that Christie’s signature was on the bill that allowed the state’s online gambling market to exist in the first place. Christie spokesman Kevin Roberts called the DGE licensing review “an independent, technical process, the length of which varies case by case.”

Brian Altman Wins the WPT Lucky Hearts Poker Open

Brian Altman has won the World Poker Tour Lucky Hearts Poker Open, at the Seminole Hard Rock Hotel and Casino in Hollywood, after defeating Mark Dube in heads-up action.

[Image Credit: WPT]

It’s not often that the outcome of a poker tournament goes the way it’s supposed to it. Fortunately, for Brian Altman it did.

When the penultimate day of the World Poker Tour (WPT) Lucky Hearts Poker Open was over, two professional poker players, in their mid twenties, had over 70% of the chips. The smart money was on Brian Altman or Mark Dube joining the WPT Champions Club.

With Altman and Dube maintaining such a stranglehold, it became a tale of who would take up the four rear spots. The booby prize went to Jon Graham. He got it in with KQo, and Kelly Minkin picked him apart with pocket queens.

Sanjay Gehi would exit stage left soon thereafter. It was Dube holding the scalpers knife. A classic race that saw the pocket tens of Gehi run out of steam against the AJo of Dube when an ace hit the flop.

Fourth place was reserved for Greg Rosen. The 48-year old father of twins was always going to be a winner no matter what the results on this final table. Winning your seat through a $100 satellite and turning it into $220,189 will do that to a man. He made his move on a flop of [Qs] [8s] [6d] holding bottom pair, and Altman took him to the cleaners with top pair.

PokerStars and Unibet Shine at the IGA Awards

PokerStars and Unibet walked away with some of the top honors at the recent 8th International Gaming Awards at the Savoy Hotel in London.

It’s a little far fetched to say that 2014 was annus horribilis for PokerStars. After all, they were subject to the most exciting and interesting iGaming takeover in recent times. But they lost some customer love; of that there is no doubt. This is what makes winning awards so much sweeter.

The 8th International Gaming Awards were held at the Savoy Hotel in London. There was music, dance, champagne and trumpets. The fanfare blew for PokerStars as they picked up the award for Online Poker Operator of the Year. It was the third successive year that the largest online poker room in the world had picked up the award.

‘We are Poker’

I guess you are.

The only other two previous winners of this award have been partypoker (2012) and PKR (2010 & 2011).

PokerStars also had its manicured nails in various other pearl soaked oysters. Rational Group picked up the award for Socially Responsible Operator of the Year Online, and two casinos that contain PokerStars branded poker rooms also won top awards: The City of Dreams in Manila won the Casino/Integrated Resort of the Year award, and The Hippodrome won the Casino Operator of the Year Europe award.