Monthly Archives: September 2020

Kentucky might soon get a new harness racetrack and a new casino

If some deep-pocketed backers have their way, Kentucky might soon get a new harness race track and a new casino. The majority owners of the Kentucky Downs horse racing track have partnered with the Keeneland Association to submit an application for a license in the Bluegrass State that would allow it to operate both options. If things go according to plan, the harness track would be set up in the city of Corbin, while the casino would be developed on the way from Corbin to Williamsburg.

A press release from this past Monday about the planned initiatives states, “Keeneland and the majority owners of Kentucky Downs announced today their filing of an application for a racing license and proposed construction of a state-of-the-art racing facility and related track extension in Kentucky to be located in Corbin and Williamsburg, respectively. The proposed facilities will feature live Standardbred racing and historical racing machines for guests from Kentucky and beyond.”

Approval of the application won’t be a slam dunk. Kentucky has restrictions on the type of gambling allowed and licensed parimutuel properties are the only ones given permission to operate historical horseracing machines, a twist to the standard slot machine, and Kentucky Downs already found opposition when it announced plans to expand its offerings earlier this year. However, the machines have been in place for about eight years and have given Kentucky a significant amount of revenue, but trying to introduce any additional gambling options in the state is sure to meet strong resistance. The first step in the process will be to receive approval of the license by the Kentucky Horse Racing Commission. 

If that approval is received, things will most likely move quickly to get the facilities up and running, especially given the financial impact COVID-19 has brought to different communities around the world. According to the president and CEO of Keeneland, Bill Thomason, “Keeneland has dedicated resources to this region and project for many years and we look forward to working alongside our partners at Kentucky Downs to bring this project to life. This project will strengthen Kentucky’s vital horse industry and positively impact the Commonwealth and the local communities by stimulating significant economic growth, generating hundreds of new jobs and enhancing tourism and hospitality.”

Yonkers, New York sees Empire City Casino back up and running

It’s been a long time coming – too long by most accounts – but Empire City Casino in Yonkers, New York is finally back in business. Like all others across the globe, the casino was forced to shut down because of the COVID-19 pandemic, and extended closures of New York casinos after many had reopened led to a lot of frustration on the part of employees. Understandably so, given that Empire is the largest private employer in Yonkers, and going six months without work would be hard on anyone. After New York Governor Andrew Cuomo announced a couple of weeks ago that the state’s gambling properties could start to reopen, but with strict health policies in place, MGM Resorts-owned Empire was ready. 

The casino reopened yesterday morning to a different environment. For now, Empire, like others in the state, will only be allowed to operate at 25% its normal capacity and patrons will have to adhere to a list of restrictions that include the wearing of face masks and submission to temperature checks before entering. The property won’t be able to offer valet service or bar service for a while, and, because of social distancing requirements, the amount of slot machines available on the gaming floor has been greatly reduced.

There are also no live-dealer games right now, which means games like blackjack, roulette and craps have a completely different feel about them. The games are being offered, but with the use of virtual dealers and a video screen. With around 5,000 slot machines warmed up, however, there was plenty of interest by locals, and it didn’t take long for a line to form as gamblers waited as much as an hour for a chance to get inside the casino.

Empire employs around 1,000 employees, and about half of those are now back at work. When it was announced that New York’s four commercial casinos could reopen, MGM president and CEO Bill Hornbuckle stated, “It’s been several months since we were forced to close, so it is with strong emotion that we welcome our team members back to work. Health and safety remain our first priority, and our commitment to New York has never been stronger.” The casino operator had been forced to lay off around 18,000 employees as a result of the COVID-19 debacle.

Why you need to attend the CoinGeek conference

Bitcoin SV continues to reshape the digital currency ecosystem, making it the perfect technology for businesses to leverage the Satoshi Nakamoto’s vision and get a competitive edge over their competition.

A live streaming event from New York and London, the sixth CoinGeek conference promises to bring together some of the most innovative and respected minds in the blockchain community.

The CoinGeek conference is set for September 30 to October 2 and is purpose-built to provide maximum value for developers, investors and business leaders with the latest innovations from industry leaders.

The live streaming event will give investors and developers the opportunity to gain a developed understanding of the BSV ecosystem and the latest innovations in blockchain technology.

The Star floats new Sydney tower plan, defends exec bonuses, rejects porn

Australian casino operator The Star Entertainment Group (TSE) is pushing a new Sydney expansion plan, while fending off negative publicity involving executive bonuses and porn shoots.

Despite its original expansion plan having been rejected by Sydney officials last year, TSE has submitted a proposal for not a single 237-meter hotel tower but two new towers at its flagship casino property. The AU$1b plan envisions a 180-meter tower on the south side of the complex bookended with a 110-meter tower on the north side.  

Both towers would exceed the New South Wales government’s preference for keeping the district’s skyscrapers below 60 meters and local opposition to vertical expansion appears not to have abated since last November. But TSE appears to be banking on its promise that the plan would create 1,000 new temporary construction jobs and a similar number of permanent hires once the buildings are in use.

TSE is bracing for the end of its local casino monopoly as rival Crown Resorts prepares for the soft opening of its flashy new Crown Sydney venue this December. With both operators currently suffering from a distinct lack of Chinese VIP gamblers, it will be necessary to lure domestic high-rollers, a fight in which swanky amenities could play a major role.

BtoBet’s Alessandro Fried: The perfect opportunity to reach new heights

“THE PERFECT OPPORTUNITY TO REACH NEW HEIGHTS”

BtoBet’s founder Alessandro Fried discusses Aspire Global’s acquisition of the sportsbook and tech company and what next awaits the newly expanded iGaming group. Of one thing he is certain… the future looks very bright for the entire group.

News that BtoBet was acquired by iGaming solutions provider Aspire Global took the industry by storm. And rightly so, because through this acquisition we have assisted to the expansion of an already consolidated group which in all its elements is now at the forefront of the industry’s B2B value chain.

But what was the primary reason that led to this acquisition? There are two aspects that were fundamental. Aspire Global was seeking to increase its B2B product offering to their customers, but was missing on one of the industry’s most important verticals, which is sportsbook. It’s one of the most important in terms of market requirements, but also from a revenue generation point of view. From our side we were looking to have a partner that would push us quickly to markets which we were still missing in our global footprint. So all in all this acquisition was the ideal match with both companies finding a mutual balance in each other to achieve their goals.

Online gambling cyberattacks spike during pandemic lockdown

Malicious cyberattacks against online gambling sites soared during the pandemic lockdown as scammers looked to take advantage of the sites’ increased popularity.

Technology analytics firm Neustar Security recently released its Cyber Threats & Trends Report: Jan-Jun 2020, which details a 151% surge in the number of distributed denial of service (DDoS) attacks in the first half of 2020 compared to the same period last year.

Worse, these attacks are getting more powerful and lasting longer. While attacks at the lower end of the scale involving 5 Gigabits (Gbps) or lower per second were up over 200% year-on-year – and such attacks represented over 70% of observed attacks – those at the other extreme (involving 100 Gbps or more) were up around 275%.

The longest attack duration this year was five days and 18 hours, the longest Neustar has ever observed, while the largest individual attack size was a whopping 1.17 Terabits per second, the largest that Neustar has ever mitigated (although Amazon Web Service reported a client being hit by a 2.3Tbps attack). The average attack size rose by 1Gbps year-on-year to 12Gbps.

Hartmann & Fitzgerald lead Day 1s of WPT Super High Roller as legends chase million dollar top prize

Christopher Fitzgerald is the man to beat after the second and final Day 1 flight of the World Poker Tour’s hugely successful World Online Championship.

With the eye-watering entry fee being a gigantic $25,000, the Super High Roller Championship saw 111 players take part on Day 1b, which, when added to the 88 players who took part on Day, means 199 players have so far put up the five-figure sum to be involved.

With a $5 million guarantee, there’s no wondering why and with that missed by just one entry, everyone will be fighting for the million-dollar top prize knowing that there is a little extra added value in the prizepool too. Everyone will want to emulate the actions of Phil Mighall, the British pro who already won $1.5 million this series.

Just 11 players made it through from Day 1a, but a few more booked seats for Day 2 on Day 1b, with 18 players successfully negotiating the 18 blind levels, each lasting 25 minutes on partypoker.

Mattos leads WCOOP Main Event after dramatic opening day

With a massive 1,697 entries all putting up the $5,200 buy-in, the PokerStars WCOOP Main Event had a fantastic turn-out on Sunday night. A ‘Sunday Major’ it may have been in all but name to the many players taking it on, but the WCOOP Main Event is a historic event.

PokerStars have done a great job this series of bringing the action to fans too, with some commentary from legendary duo James Hartigan and Joe ‘Stapes’ Stapleton and some fun clips of the highlights throughout the World Championship of Online Poker.

[youtube https://www.youtube.com/watch?v=W14F2lCorcI]

With just 579 of the 1,697 entries making Day 2 – still short of the money – the event was taking place in an 8-Max format, and saw ten re-entries too. There could still be a lot more people playing on Day 2, with re-entry or registration taken up until five minutes before the cards go into the air.

Vegas casinos cleared to open bars as COVID-19 infections fall

Las Vegas casinos continue to expand their list of pandemic-acceptable amenities, even as data increasingly suggests that casinos may be serving as COVID-19 transmission centers.

Last week, Nevada’s COVID-19 Mitigation and Management Task Force cleared bars, pubs and bar areas within restaurants in Clark County to reopen effective Sunday (20) at 11:59pm. Watering holes in the county, which includes Las Vegas, are limited to 50% capacity and their dance floors and pool tables must remain out of action for the time being.

The decision came despite Clark County continuing to meet two of the Task Force’s three elevated disease transmission criteria, although its test positivity rate fell 2.6 points from the previous week to 8.6%. The decision means bars will be open for Monday’s hotly anticipated first Las Vegas Raiders home game at the new Allegiant Stadium, although fans won’t be allowed to attend in person.

Bars aren’t the only Vegas staple returning to action. Penn National Gaming’s Tropicana casino, the company’s only Vegas Strip property, reopened to the public last Thursday at 10am, after delaying its original plan to reopen September 1.