Monthly Archives: November 2018

Penn National, VICI acquire Detroit’s Greektown casino

US regional casino operator Penn National Gaming (PNG) has teamed up with VICI Properties to acquire Detroit’s Greektown Casino.

In September, rumors flew that billionaire Dan Gilbert was looking to divest his stake in JACK Entertainment, which operates Greektown, one of only three commercial casinos in Detroit. On Wednesday, PNG confirmed that it had agreed to pay $300m to acquire the casino’s operations. The sale is expected to close in mid-2019, pending approval by the Michigan Gaming Control Board.

The agreement also involves the sale of Greektown’s real estate assets for $700m to VICI Properties, the real estate investment trust (REIT) that was spun off from casino operator Caesars Entertainment. VICI’s involvement in the deal was reported in September, leading to speculation that Caesars was the frontrunner to acquire Greektown’s operations.

As part of the deal, PNG will enter into a triple net lease agreement with VICI that requires PNG to pay around $55.6m in annual rent in each of the next 15 years. The lease agreement also contains four five-year renewal options.

UK gov’t caves, advances FOBT stake cut, online casino tax hike

UK gambling operators got a double-dose of bad news on Wednesday as the government advanced the implementation of gaming machine stake cuts and online casino tax hikes.

On Wednesday, Prime Minister Theresa May’s Tory government caved to mounting cross-party pressure and agreed to reduce the maximum stakes in fixed-odds betting terminals (FOBTs) from £100 to £2 as of April 1, 2019.

Digital, Culture, Media and Sports Secretary Jeremy Wright issued a statement saying the government was in a pickle trying to balance the needs of both problem gamblers and the gambling industry, but parliament has “been clear that they want this change to be made sooner.”

The government had intended to implement the stake cut in October 2019 but the perception that this represented a delay from the supposedly original April 2019 timeline prompted outrage from opposition politicians and from within the Tory ranks, including the high-profile resignation of sports minister Tracey Crouch.

From Alpha to Omega, BetConstruct chooses SiGMA

Staying on a track of the latest regulatory and technological developments, on November 28 to 30 BetConstruct representatives travel to the capital of Malta, to participate in professional networking event SiGMA 2018.

“Malta iGaming Summit started 5 years ago, just when we established our office on the island. Since then the event has grown tremendously, just like BetConstruct, and became one of the most significant exhibitions in our busy calendar of events. Given all that plus a number of our products licensed by Malta Gaming Authority, we simply could not miss the expo.” – said Kristina Hambardzumyan, Regional Director in Malta.

To the world’s igaming village BetConstruct takes its fully-fledged white label offerings for the regulated European market. The line-up of gaming products has RNG and Live Casinos, Skill Games and Poker that has been recently added to our set of licensed products by MGA. As for betting solutions we have Sportsbook, Fantasy Sports  and Virtual Sports. FeedConstruct will showcase the company’s data feed products with 4 in 1 solutions and Friendship Platform, a live video stock for federations and sporting video providers.

Alongside our standard package, the gaming products of well-known Malta-licensed casino providers are also available through our platform due to the recently granted approval from the Malta Gaming Authority.

Wazdan takes flight with Black Hawk Deluxe horror game launch

Wednesday, November 14; 2018, Malta – Award-winning slots manufacturer Wazdan has launched another immersive HTML5 slots game with the memorable and familiar name Black Hawk Deluxe, which is the thrilling sequel to their incredibly popular Black Hawk.

Set in the impressive haunted grounds of a spooky castle, this 4-reel, 3-column slot from the master games-maker includes a soundtrack to send shivers up the spine with rattling chains of ghosts abandoned in the dungeons and a menacing Black Hawk who soars and swoops charged by vicious lighting strikes that frizzle across the screen adding an air of terror to the quest for gold and treasure.

It is the chests overflowing with glittering gold and sparkling jewels that await players in Wazdan’s Black Hawk Deluxe with a stunning 54-paylines providing top-quality entertainment for many hours.

Symbols on the reels of Black Hawk Deluxe slot game include armoured skeletons, chests full of gold, crystal balls, castle, castle’s gate and of course the titular Black Hawk. There are also low-paying symbols like J, Q, K and A, as well as the special symbol in the shape of a white egg with silver ornaments. The Wild Symbol can replace any other symbol appearing in the game, which means that it is easier to complete winning combinations and boosts players’ chances to win big.

Sportingtech expands into African market closing the deal with 9jawin

Lisbon, November 14, 2018

Sportingtech, the gaming platform provider is about to expand its operations in the African market after closing the strategic deal with Nigerian brand 9jawin.

With its Pulse Platform and its powerful features, Sportingtech will help 9jawin achieve the objectives to become a gaming community to serve and support the well-established and passionate sports lovers in Nigeria.

Players in this territory will experience something brand new and innovative while providing them the opportunity to have the maximum level of entertainment, easier, faster and the best ways to bet.

PokerStars partner with MSPT, reveal new Manila home; Veldhuis in the clear

A drib-drab of PokerStars related stories including a new partnership with the Mid-States Poker Tour, a new home for PokerStars LIVE in Manila, and good news for fans of Lex Veldhuis.

I’m 95% of the way through Charles Bukowski’s You Get So Alone at Times That it Just Makes Sense. As is standard in the final throes of Bukowski’s poetry collection, he is talking about dying, cats and more dying.

During my recent trip to the Malta Poker Festival, a common theme ran through my interviews like a child running butt-naked through the front room after defecating on the carpet.

Loneliness.

Red Rake Gaming bolsters its presence in the Belgian market after signing with Golden Palace

Red Rake Gaming, renowned premium casino games provider with offices in both Spain and Malta, expands in presence in Belgium after signing an agreement with Golden Palace.

Golden Palace, with over 55 years in the sector and extensive online and offline experience, will feature the newest releases and most noteworthy games from Red Rake Gaming, including successful titles such as Mystic Mirror, The Asp of Cleopatra, and Maya.

One of Red Rake Gaming’s main objectives is to have its Premium casino games enter into all regulated markets and this new agreement with Golden Palace further strengthens its presence in the Belgian market, where it launched in November 2017.

Red Rake Gaming’s expansion is becoming increasingly broader: its large selection of games is already available through various operators in Spain and Belgium and is certified for Portuguese, Italian, and Romanian markets, where Red Rake already has various agreements in place. In addition, Red Rake Gaming currently has two applications in the works to obtain licenses in the United Kingdom and Malta, which will assist in broadening the company’s global reach to all leading operators in the industry.

Maryland majority supports sports betting

Fifty-three percent of registered voters in Maryland are in favor of legal sports betting in the state, a survey conducted by the Washington Post and the University of Maryland (WaPo-UMD) found.

The Charleston Gazette-Mail­ reported that 37% of respondents did not want to see sports wagering legalized, while 10% gave no opinion. Only 24% “strongly” approved of legal sports betting, compared to 26% who “strongly” disapproved.

Even with a majority expressing support for moves to legalize the industry, actual legislation will likely come in two years yet, to be included in the ballot for the November 2020 elections.

Early this year, Delegate Frank Turner had introduced the measure that if approved for inclusion in the ballot, would have been decided on in the November 6 elections. The Maryland House of Delegates approved it in a 124-14 vote last March 15. However, the bill was not passed by the state Senate, which adjourned in April 9.

Betsson Group goes live with Enteractive’s new (Re)activation Cloud to strengthen loyalty and responsible gaming

AI-driven platform to boost player retention and reduce churn rates

Malta, Wednesday 14th November 2018: Enteractive, a pioneer in player retention solutions, has launched (​Re)activation Cloud – the iGaming industry’s first fully fledged, AI-driven platform for large-scale personal player retention and win-back.

The new automated service, which is now live with Betsson Group, makes it possible for operators to connect to Enteractive’s proprietary platform for comprehensive player reactivation and activation with 100% maintained real-time control. Through (Re)activation Cloud, operators can re-engage their player base with Enteractive’s industry leading one-to-one personal player conversations, resulting in up to 50% of players re-depositing.

Connected via a simple API integration, the platform allows for AI-driven engagement scheduling and optimisation, with the idea of having easily configurable settings for bonuses, lapsed periods and other key parameters.

ORYX performs more wonders with GAMING1 content deal

Roll up! Roll up! ORYX has agreed a new partnership deal with GAMING1, the group operating the top performing casino gaming and sports betting brand Circus, among others.

The deal will see ORYX integrate its outstanding selection of in-house casino titles and titles from content partners Kalamba and Gamomat.

Games will be available on Circus.be, the number one gambling website in Belgium. Spanish and Romanian players will be able to access the content on Circus.es and Circus.ro, respectively. While Serbian players can play the games on Casinoclub.rs.

GAMING1 delivers amazing entertainment through its platform and within a range of iGaming products, including sports betting, virtual sports and excellent casino games such as slots, table games and tournaments.

Vereeni Investments partners with RB Capital to take equity stake in Kalamba Games

14th November, 2018 – Venture capital fund Vereeni Investments has agreed a strategic partnership with investment and M&A brokerage RB Capital to acquire a 20 per cent equity share in casino and slots development studio Kalamba Games.

The deal is based on a seven-figure investment in return for 20 per cent of Kalamba. The strategic partnership will accelerate the introduction of innovative new promotional and social capabilities to Kalamba operators, as well as raising the bar in terms of operator differentiation, player entertainment and profitability.

It will also empower Kalamba to better address region-specific market demands at a time when the global gaming landscape is becoming increasingly fragmented.

Kalamba, which was founded in 2016 and that has already launched a range of high performing titles, was selected for the investment after showing high growth potential. RB Capital has a strong track record of identifying up and coming companies within the gaming space.

Osaka wants IR operator to chip in for 2025 World Expo

The Osaka government hopes that an integrated resort (IR) operator could help with expenses for the 2025 World Expo, which the city is bidding to host and which is projected to cost over $1 billion.

Inside Asian Gaming said that the city was willing to shoulder a third of the amount, first reported by the Asahi Shimbun as totaling ¥124.7 billion ($1.1 billion). ¥54.7 billion ($480.1 million) of this would be for construction of facilities, while ¥29.3 billion ($257.2 million) would go to infrastructure improvements.

The Osaka government said it was looking for a private entity to cover another third of the costs, and for the prospective IR operator to pay for the remaining third.

No licenses have actually been issued yet by the Japanese government. This is expected sometime in late 2019 at the earliest, in line with the IR Implementation Law passed last July. However, Osaka, along with Tokyo and Yokohama, are viewed as the most likely sites for construction of the casino resorts.

Joe McCallum: Sportsbet.io makes betting with crypto ‘as easy as possible’

CalvinAyre.com’s Becky Liggero spoke with Sportsbet.io’s Joe McCallum on how his site facilitates the use of cryptocurrencies for placing bets.

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The Mouthpiece: A sporting proposition?

Where will eSports fit in U.S. legalized gambling?

“Competitive sports are played mainly on a five-and-a-half inch court:  the space between your ears.”

 Bobby Jones

The Supreme Court case of Murphy v. NCAA , decided in May of this year, was supposed to decide the controversy over whether U.S. state governments could authorize betting on sports. That one point may have been settled, but a whole range of connected issues remain very much in play.