Monthly Archives: June 2016

iPro Announces Partnership with IGT to Launch ringit! Real-Time Fantasy Sports Platform in Italy for Real Money Gambling on Soccer

The Year’s Best Product Innovation in Gaming*, utilizing the Power of Betradar’s data, available exclusively on Lottomatica’s betting platform for UEFA Euro 2016.

Seattle, WA. June 2016/PR NEWSWIRE  – iPro, Inc. today announced an exclusive partnership with International Game Technology (“IGT”) (NYSE: IGT) to launch its real-time sports gaming platform, ringit!, on the IGT-owned Lottomatica Italian sports betting platform in time for 2016’s largest soccer event, the UEFA Euro Cup.

Fans win cash in ringit! by predicting what will happen next during their favorite soccer matches.  Tournaments allow them to predict dozens of in-game events including which players will score goals, have shots on and off target, take corner kicks, or even be issued yellow or red cards.  Leveraging the power of Betradar’s real-time data and iPro’s patented technology, ringit!’s key innovation is its real-time gameplay that enables the placing and resolving of bets every five minutes during the game.

“The real-time gameplay featured in ringit! is absolutely magical.”  said Robert Melendres, iPro Founder and CEO.  “ringit!’s innovative gameplay sets it apart, but the flexibility of the platform is our key to success.  Launching into the real money sports betting market is a major milestone as the American legal landscape on fantasy sports remains fluid.  ringit! is the future of gaming because our patented technology ensures ringit! remains 100% compliant, in every territory, worldwide, all of the time.”

iPro Announces Partnership with IGT to Launch ringit! Real-Time Fantasy Sports Platform in Italy for Real Money Gambling on Soccer

The Year’s Best Product Innovation in Gaming*, utilizing the Power of Betradar’s data, available exclusively on Lottomatica’s betting platform for UEFA Euro 2016.

Seattle, WA. June 2016/PR NEWSWIRE  – iPro, Inc. today announced an exclusive partnership with International Game Technology (“IGT”) (NYSE: IGT) to launch its real-time sports gaming platform, ringit!, on the IGT-owned Lottomatica Italian sports betting platform in time for 2016’s largest soccer event, the UEFA Euro Cup.

Fans win cash in ringit! by predicting what will happen next during their favorite soccer matches.  Tournaments allow them to predict dozens of in-game events including which players will score goals, have shots on and off target, take corner kicks, or even be issued yellow or red cards.  Leveraging the power of Betradar’s real-time data and iPro’s patented technology, ringit!’s key innovation is its real-time gameplay that enables the placing and resolving of bets every five minutes during the game.

“The real-time gameplay featured in ringit! is absolutely magical.”  said Robert Melendres, iPro Founder and CEO.  “ringit!’s innovative gameplay sets it apart, but the flexibility of the platform is our key to success.  Launching into the real money sports betting market is a major milestone as the American legal landscape on fantasy sports remains fluid.  ringit! is the future of gaming because our patented technology ensures ringit! remains 100% compliant, in every territory, worldwide, all of the time.”

Australia Sells $16M Worth of Bitcoins in Landmark Auction

Had a couple of millions lying around? Australia recently had an offer you might’ve found hard to refuse.

In early June, we reported that the Australian government is planning to auction 24,518 confiscated bitcoins worth about AU$16 million (US$11.49 million) at the time.

Now, Ernst and Young announced it has successfully sold all of the bitcoins, which are now worth around AU$22 million (US$16 million) by current value. The financial services group did not disclose the price paid by the bidders or the number of bidders involved, only noting that the auction attracted interest from “bitcoin exchanges, digital asset investment funds and high net worth individuals.”

Analysts, however, believed that “as many as three to four winners” were awarded during the sale that ended last June 21. Data from blockchain data provider Skry indicated the largest winner claimed seven 2,000 bitcoin blocks during the auction, while the other winners claimed 13,999 bitcoins (US$9.25 million), 6,517 bitcoins (US$4.27 million) and 1,999.99 bitcoins (US$1.31 million), according to a Coin Desk report.

Australia Sells $16M Worth of Bitcoins in Landmark Auction

Had a couple of millions lying around? Australia recently had an offer you might’ve found hard to refuse.

In early June, we reported that the Australian government is planning to auction 24,518 confiscated bitcoins worth about AU$16 million (US$11.49 million) at the time.

Now, Ernst and Young announced it has successfully sold all of the bitcoins, which are now worth around AU$22 million (US$16 million) by current value. The financial services group did not disclose the price paid by the bidders or the number of bidders involved, only noting that the auction attracted interest from “bitcoin exchanges, digital asset investment funds and high net worth individuals.”

Analysts, however, believed that “as many as three to four winners” were awarded during the sale that ended last June 21. Data from blockchain data provider Skry indicated the largest winner claimed seven 2,000 bitcoin blocks during the auction, while the other winners claimed 13,999 bitcoins (US$9.25 million), 6,517 bitcoins (US$4.27 million) and 1,999.99 bitcoins (US$1.31 million), according to a Coin Desk report.

Macau casino dealers overrepresented on city’s problem gambling registry

Macau casino dealers are showing up in increasing numbers in the city’s problem gambling treatment programs.

According to Macau’s Social Welfare Bureau, last year saw 147 individuals sign on with the Central Registry System of Individuals with Gambling Disorder. Around 80% of these individuals reported owing gambling debts, with 60% owing debts of over MOP 100k (US $12,500) apiece.

Among the registrants who were employed, around one-fifth were employed as dealers or croupiers in the city’s casinos. One might have suspected that the countless costly losing streaks these dealers must have witnessed on the job would have deterred them from falling down the same well, but apparently one really does have to experience some things for oneself.

The Social Welfare Bureau’s report noted that half of the problem gamblers on its register were employed in shift work, while official data shows that 90% of Macau gaming staff are required to do shift work.

Macau casino dealers overrepresented on city’s problem gambling registry

Macau casino dealers are showing up in increasing numbers in the city’s problem gambling treatment programs.

According to Macau’s Social Welfare Bureau, last year saw 147 individuals sign on with the Central Registry System of Individuals with Gambling Disorder. Around 80% of these individuals reported owing gambling debts, with 60% owing debts of over MOP 100k (US $12,500) apiece.

Among the registrants who were employed, around one-fifth were employed as dealers or croupiers in the city’s casinos. One might have suspected that the countless costly losing streaks these dealers must have witnessed on the job would have deterred them from falling down the same well, but apparently one really does have to experience some things for oneself.

The Social Welfare Bureau’s report noted that half of the problem gamblers on its register were employed in shift work, while official data shows that 90% of Macau gaming staff are required to do shift work.

Amaya Shareholders Meeting Held Undercover, as Baazov Waits in Shadows

Amaya Inc. held its shareholders meeting on Tuesday, the first since CEO David Baazov took voluntary leave from the gaming conglomerate. Known as the Annual General Meeting (AGM) in Quebec, where Amaya is headquartered, the gathering was a media-free event, perhaps reflecting the company’s uneasiness, pending the results of an investigation into accusations of insider […]

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Amaya Shareholders Meeting Held Undercover, as Baazov Waits in Shadows

Amaya Inc. held its shareholders meeting on Tuesday, the first since CEO David Baazov took voluntary leave from the gaming conglomerate. Known as the Annual General Meeting (AGM) in Quebec, where Amaya is headquartered, the gathering was a media-free event, perhaps reflecting the company’s uneasiness, pending the results of an investigation into accusations of insider […]

The post Amaya Shareholders Meeting Held Undercover, as Baazov Waits in Shadows appeared first on .

Pennsylvania’s Online Poker Legislation Clears House, Regulation has Real Chance 

Pennsylvania’s online poker legislation was passed by a full vote in the State House of Representatives yesterday by a margin of 114 to 85. The legislation, which would also legalize and regulate online casino games and daily fantasy sports, will now pass to the Senate for consideration. If approved by the Senate, next stop would […]

The post Pennsylvania’s Online Poker Legislation Clears House, Regulation has Real Chance  appeared first on .

Pennsylvania’s Online Poker Legislation Clears House, Regulation has Real Chance 

Pennsylvania’s online poker legislation was passed by a full vote in the State House of Representatives yesterday by a margin of 114 to 85. The legislation, which would also legalize and regulate online casino games and daily fantasy sports, will now pass to the Senate for consideration. If approved by the Senate, next stop would […]

The post Pennsylvania’s Online Poker Legislation Clears House, Regulation has Real Chance  appeared first on .

Two bidders shortlisted to take over Baha Mar; Bermuda designates first casino sites

At least two serious bidders are vying to take over the stalled $3.5b Baha Mar integrated resort casino in the Bahamas.

Last week, Bahamian Prime Minister Perry Christie told legislators that the bankrupt Baha Mar’s receivers had shortlisted two groups as “preferred bidders” for the project. Christie said Sarkis Izmirlian, the project’s original backer before China Export-Import Bank (EXIM) foreclosed on the property, was not involved with either bid.

One of these bidders has a “Bahamian investor connection” but Christie refused to divulge further details. (Sun International founder Sol Kerzner, who has a Bahamian connection, was previously rumored to be interested in taking over Baha Mar.)

Christie said the Bahamian government was not involved in the negotiations currently taking place in China, which is also home to the property’s principal contractor, China Construction America (CCA).