Monthly Archives: January 2018

Tim Chen invites HK investors to kick Tinian Dynasty casino’s tires

A mothballed casino on the island of Tinian is attracting attention from some Hong Kong investors, raising hopes of sparking the island’s struggling resort industry back to life.

On Monday, the Saipan Tribune reported that a group of Hong Kong investors had inspected the shuttered Tinian Dynasty Hotel & Casino, which closed in March 2016 after its previous owner Hong Kong Entertainment (HKE) filed for Chapter 11 bankruptcy protection.

Tinian Dynasty was acquired in mid-2016 by Tinian Entertainment Corp (TEC), a Tim Chen-led company that was of one of HKE’s principal creditors. However, the property has remained closed, in part due to TEC’s unwillingness to honor an unpaid $75m fine assessed against HKE by US financial watchdog FINCEN for “willful and egregious” anti-money laundering lapses.

On Friday, Chen brought eight other Hong Kong investors to Tinian, part of the Commonwealth of the Northern Mariana Islands, in the hopes of convincing them of the potential of the island’s resort industry. Chen said he and the investors planned to meet with Tinian Mayor Joey Patrick San Nicolas to discuss their options.

GAN, SBTech ink US-facing sports betting partnership

Gaming technology providers GAN and SBTech have formed a strategic relationship to prepare for the expected legalization of sports betting in the United States.

On Monday, the two companies announced their prospective deal under which SBTech would provide real-money sports betting services to GAN’s US casino clients, more than a dozen of which currently utilize GAN’s Simulated Gaming free-play online social casino product.

Specifically, GAN’s GameStack enterprise software platform will integrate SBTech’s sports betting solution, allowing GAN’s casino clients to offer sports betting options via both retail and online positions.

SBTech CEO Richard Carter called the new partnership “a logical step for SBTECH and allows the company to rapidly introduce its sports betting technology and services to a wide range of US casinos.”

Woman dies after Florida floating casino shuttle craft catches fire

A woman died this weekend after a fire broke out on a boat ferrying gamblers to a casino ship moored off the coast of Florida.

On Sunday, a shuttle boat taking gamblers to the floating Tropical Breeze Casino caught fire, forcing its 36 passengers and 14 crew members to jump overboard to escape the flames. At least 15 passengers were taken to Tampa-area hospitals for treatment, and an unidentified 42-year-old female passenger succumbed to her injuries on Sunday night.

The fire broke out shortly after the shuttle vessel left the Florida coast, reportedly after suffering engine trouble. Passengers and onlookers reported the fire spreading rapidly, and video of the burning vessel provides a vivid illustration of the inferno. (See bottom of page.) The cause of the fire is under investigation.

Tropical Breeze spokesperson Beth Fifer said Monday that there had been no indications of previous trouble with the shuttle craft, and that the company was “deeply saddened” by the death of one of its customers.

Codere’s founding family ousted in senior management shakeup

Spanish and Latin American gaming operator Codere has confirmed the ouster of its founder and the appointment of a new chairman and a new CEO.

On Friday, Grupo Codere’s board of directors issued a statement confirming the appointment of Norman Sorensen Valdez as its non-executive chairman and Vicente Di Loreto as CEO. The company justified the moves saying “new leadership is necessary in the company to drive profitable growth and maximize shareholder value.”

The formal announcement made no mention of the fact that Codere’s former chairman José Antonio Martínez Sampedro (pictured) and former VP Luis Javier Martínez Sampedro had their executive functions withdrawn. The two men, whose family founded Codere in 1980, will retain their seats on Codere’s board.

Rumors of the senior management shakeup preceded the formal announcement by a full week. The ousting of the Martínez Sampedro family was done at the behest of the private equity funds that bailed out Codere in 2013 after the company found itself more than one billion euros in debt.

Videoslots announces partnership with Iron Dog Studio

15th January, 2018 – Leading online casino operator Videoslots.com has agreed a partnership with Iron Dog Studio, a subsidiary of the 1X2 Network, to supply a range of its slots titles.

A selection of Iron Dog’s popular games, including Blood Queen, Cherry Blast and Neon Jungle, are now live on Videoslots.com, with plans already in place to add further titles, such as its flagship release for Q1 Rainbow WildsTM.

Videoslots continue to lead the market in gaming content, with more than 2,000 slots and table games currently available to its customers, and the Iron Dog deal will add further quality to this in the coming months.

Daniel Hansen, CPO at Videoslots, said: “This partnership will see Videoslots further cement its position as the leading online casino, boasting the widest variety and best games on the market.

William Hill the first major UK bookmaker to take SIS’s ‘watch & bet’ Greyhound service

15th January, 2018 – SIS (Sports Information Services), a leading supplier of products and services to the retail and online betting markets, today announced a deal with William Hill to provide its new Greyhound Service in a Watch & Bet format.

William Hill are the first major UK operator to take SIS’s new Greyhound Service (British & Irish racing) in a Watch & Bet format for online, and have incorporated the live greyhound pictures into their free-to-view ‘Betting TV’ streaming service, and have made the greyhound pictures available to their customers since 1st January.

The SIS Greyhound Service for online complements the existing betting shop service which also includes SIS’s British & Irish greyhound racing.

Paul Witten, Product Director at SIS said: “We are very pleased to announce that William Hill have signed a multi-year deal for our new Greyhound Service, which is now available within the William Hill ‘Betting TV’ channel.

EveryMatrix ensures fast start to 2018 by striking ORYX content deal

January 15th 2018 – ORYX Gaming has struck a content deal with EveryMatrix to ensure the world-renowned supplier begins 2018 in fine fashion.

iGaming giant EveryMatrix is in an excellent position to continue its expansion after gaining access to the entirety of ORYX’s library of proprietary and third-party content. The deal sees a range of casino table games, card games, video poker and traditional games added on EveryMatrix’s ever-growing CasinoEngine product.

ORYX’s content, including exclusive and proprietary content by Gamomat, Kalamba games, Golden Hero and Patience, as well as aggregated content by Amatic is accessible for players on mobile, tablet and desktop, through the EveryMatrix CasinoEngine.

A wide selection of titles, including Mission powered games from Kalamba, Gamomats’ Red Hot Fire Pot and Golden Nights are just a few of the amazing games to be included on EveryMatrix’s platform.

Regulatory clampdown prompts William Hill to review Australian operations

Despite an upbeat performance in 2017, bookmaker William Hill has announced that it will be reviewing its business in Australia as it’s “clear” that the credit betting ban and a possibility of new taxes Down Under will hit the company’s profitability.

In a trading statement, the London Stock Exchange-listed company said it expects its full-year adjusted operating profit to reach £290 million (US$399.72 million), up 11% compared to the previous year thanks to company’s “good momentum in both the UK and U.S. markets,” as well as “stronger gross win margin and the benefits of the transformation program.”

William Hill, however, said its Australia business faces a hit to profits given the government’s tightened regulatory environment. Starting Feb. 1, 2018, online betting companies are prohibited from offering “free bets” or lines of credit to customers as part of the government’s crackdown on problem gambling. Bookmakers are also facing a 15% point of consumption tax (POCT), which is expected to take effect in January 2019.

“Given the credit betting ban in Australia and the likely introduction of a Point of Consumption tax in a number of states, it is clear that profitability will increasingly come under pressure and therefore we are undertaking a strategic review of our Australia business,” William Hill said in a statement.