Monthly Archives: January 2021

Dan Bilzerian Jabs At Haters as His CBD Company Finally Makes Money

Dan Bilzerian has found another reason to take aim his haters. With his CBD company IGNITE enjoying a profitable 2020, he was quick to let everyone know in his own inimitable way.

Dan Bilzerian’s company enjoyed a profitable end to 2020 and he wasn’t afraid to let people know about it. (Image: Instagram/Dan Bilzerian)

When he’s not representing GGPoker and posing with scantily clad women, Bilzerian is running IGNITE International Brands.

The company, which focuses primarily on CBD products, enjoyed a positive end to 2020. Revenue for Q4 topped $10.1 million, a fact Bilzerian was more than happy to share with his Twitter followers.

Mike Postle’s Lawyer leaves the ring as Alleged Poker Cheat is anti-SLAPPed

The latest development in the ongoing saga of Mike Postle isn’t a good one for the poker player who faced cheating allegations after suspicious action on the Stones Gambling Hall live stream last year.  

The crib notes of the Mike Postle are well known to most. After an allegation over cheating saw poker players, commentators and YouTube creators allege ‘cheat’ in Postle’s direction, the man himself went to ground, re-emerging to successfully argue that the case should be thrown out. That wasn’t the end of the matter, however, as allegations from Postle himself about defamation of his character threatened to turn the focus against those who accused him of cheating.  

The latest twist is not a good one for Postle, whose lawyer this week stepped away from representing him and in the wake of that action, two defendants in the defamation lawsuit then hit Postle with an anti-SLAPP.  

If you’re lost like a live poker player with 7-5 off-suit and no knowledge of what any of the other players have at the table, we’ll break it down for you.  

The Dutch League Eredivisie goes digital with global fantasy football game Sorare

The highest level of professional football in the Netherlands, the Eredivisie is launching its digital cards of players on Sorare to help Eredivisie fans to express their fandom online.

Sorare is building the next generation of football games with officially licensed and scarce digital cards. The first game is a unique 5-a-side global fantasy football game.

The company created a marketplace to trade digital cards which provides a new revenue stream for 120+ football clubs, generating $1,900,000 in card sales per month in December 2020

Zeist, January 20, 2021​– Eredivisie card collectors and fantasy football gamers will be able to freely buy,sell, and play with digital cards of players from the Eredivisie, such as Ajax’s David Neres, PSV’s Donyell Mallen and Feyenoord’s Marcos Senesi. Each card is scored based on the performance of the player in real-life during the match day. Since it opened its beta in December 2019, Sorare has grown an average of 44% month on month, and today counts over 70.000 users worldwide, with over $9 million in cards sold across 100 countries. The Eredivisie is the 4th league joining Sorare after Belgium’s Pro League, South Korea’s K League, Japan’s J League and the United States’s MLSPA.

Grupo Caliente expands partnership with Genius Sports

Grupo Caliente is one of the largest gambling operators in Latin America and the hottest in Mexico. It wants to make sure it stays that way, too, and is calling on Genius Sports to give it a boost. The two have had an ongoing relationship for the past couple of years, but Grupo Caliente is now going to give the sports tech data firm the right to be the lead provider of all sportsbook management-related activity for the operator’s Caliente.mx brand. 

Moving forward, Genius Sports’ Betgenius arm will spearhead Grupo Caliente’s sports gambling efforts in relation to live data, trading and streaming activity for Caliente.mx. This will give it access to over 400 global sports competitions to introduce official sports data and live and recorded video feeds, and the real-time data and pricing compiled by Betgenius for over 170,000 different sporting events will also be included. Access to more than 20,000 streamed games and events will make Grupo Caliente’s menu of options even sweeter. 

Caliente Interactive CEO Emilio Hank is excited about the opportunity and said in a statement, “As the market leader in Mexico, we are always focused on providing our customers with the best possible product. We are excited to keep growing our content offering and to extend our long-term partnership with Genius Sports, as we continue to expand into other markets.”

This expansion is going to be just as important for Genius Sports. The company has hinted at the idea of wanting to become a publicly-traded company on the New York Stock Exchange (NYSE) and laid out its plans with the U.S. Securities and Exchange Commission (SEC) this week. If everything goes well, it will launch sometime during the first quarter of this year, hoping for a $1.5-billion valuation, and having guaranteed, long-standing agreements with operators around the world will help give potential investors the confidence they need to back the company.

Peter-Paul de Goeji is intent on opening doors in the Dutch online gambling industry

As regulators put the finishing touches to the legislation related to online gambling, NOGA Managing Director Peter-Paul de Goeji wants to ensure that welcome mat is ready for new operators, and he took some time out to explain their journey to our very own Becky Liggero Fontana.

Goeji is in charge of the trade association that can open doors for new operators in the Netherlands. “NOGA is a new name for an organization that has been around for a time already. NOGA has built on the foundations that were laid by an organization called stifling spiel vrandor which was a foundation translated in English that means play responsibly,” Goeji explains.

The board of directors of the foundation decided that they wanted to become a full-blown trade association with members and increase the number of members and take on more responsibilities towards the gambling industry and also the protection of consumers.

https://www.youtube.com/watch?v=CramXlODwN0Video can’t be loaded because JavaScript is disabled: Peter-Paul de Goeji is intent on opening doors in the Dutch online gambling industry (https://www.youtube.com/watch?v=CramXlODwN0)

Notorious sports gambler’s insider trading sentence commuted by Trump

Billy Walters was well-known in the sports gambling realm for years before being busted for securities fraud. He hadn’t been satisfied with the money he was warning as a gambler and, in 2017, was shipped off to prison after being found guilty of insider trading linked to Dean Foods that put $32 million in his pocket. Walters, often lucky in gambling, got lucky in front of the judge, receiving a sentence of only five years when he could have been locked up for 20 years. He’s now gotten lucky once again, with outgoing President of the U.S. (POTUS) Trump commuting the remainder of his five-year sentence.

Walters, who has previously been called a “cheater” and a “criminal” by at least one judge, may have been playing the odds when he tried to find support from Trump. U.S. presidents leaving office will often grant a number of pardons and commutations and Walters had reportedly reached out to former Trump attorney John Dowd ahead of Trump’s exit to see if he could lend a hand. Dowd had been working for Walters for several years, according to the New York Times, but it isn’t clear in what capacity. Dowd was reportedly paid “tens of thousands of dollars” in representing Walters since first taking him on as a client in 2018.

The goal was for Walters to receive a full pardon from Trump, but that didn’t happen. A pardon signed by POTUS is a big deal and something worn like a badge of honor. Any pardon essentially dismisses all charges against the individual and strikes the conviction from his or her record, and a POTUS-signed pardon means the person received extra special treatment.

However, despite all efforts, Walters was only given a commutation by Trump. This results in the remainder of a prison sentence being waived; however, unlike a pardon, it doesn’t remove the conviction from the permanent record of the individual. Still, Walters will take what he can get.

Allied Esports gives up on World Poker Tour, eSports operations

Allied Esports Entertainment has decided it no longer wants to be involved in the poker and eSports industries. The China-based company is reportedly in talks to sell its ownership of the World Poker Tour (WPT), as well as its eSports endeavors, with two entities, and the sale of the WPT is apparently a done deal. There’s a rumor that Allied might be looking to become the next big real estate investment trust (REIT) after offloading its assets.

Allied has already signed a definitive agreement to sell the WPT to Element Partners LLC, a privately-owned investment firm. Element is going to give Allied a total of $78.25 million for the purchase, which will consist of an upfront payment of $68.25 million and a guaranteed revenue share of 5% of any entry fees for WPT-branded tournaments or revenue from Element’s licensed gaming platforms. The latter is capped at $10 million and is payable over three years after the deal is closed, with the final signatures and approvals expected to be in place before the middle of next month. All that remains is to convince company shareholders and regulators that the deal makes sense.

Allied explained of the potential sale of the WPT, “Due to COVID-19’s impact on the Company’s overall revenue generation and profitability timeline, we believe the forthcoming sale of the WPT business will garner significant capital and an avenue to determine new opportunities that will deliver accelerated returns for our stakeholders.”

The eSports industry gained significant ground last year as more people turned to the activity while on COVID-19 lockdown. However, Allied is apparently willing to let its Allied Esports business change hands and is working with Lake Street Capital Markets to figure out its next move. There is nothing definitive in place yet, but the company indicates its willingness to sell its eSports operations if the right offer comes along. As an alternative, it would consider “strategic options” to advance its eSports activity.

Analysts: Don’t count on VIP gamblers for post COVID-19 recovery

The writing has actually been on the wall for the past couple of years, but is now highlighted more than ever. VIP gambling is no longer going to be the cash cow for casinos that it may have once been, and casino operators should start preparing now for a different gambling environment. Those that don’t will be left behind, struggling to figure out why their wells are drying up.

Especially for Macau, VIP gambling is rapidly tapering off and this will extend to other parts of the world, as well. Industry analysts almost unanimously assert that Macau’s VIP activity will stay weaker this year than it was two years ago and that it might be as long as five years before any type of turnaround is seen. Vitaly Umansky, Tianjiao Yu and Kelsey Zhu, analysts with Sanford C. Bernstein, assert that gross gaming revenue (GGR) from the VIP sector will “be below 2019 levels by 2025.”

In the summer of 2019, Macau’s VIP gaming sector showed signs of being weaker than that of the mass gaming sector. Last year, in the third quarter, mass market activity continued to outperform VIP gambling. For all of 2020, VIP gambling in Macau saw its lowest revenue share on record. In addition to the ongoing COVID-19 battle, this drop is also fueled by pressure being exerted in China, which is clamping down on money transfers, junkets and cross-border casino marketing. This has scared off some of the high rollers and, as the country continues to strengthen its anti-gambling position, things can only get worse for the VIP gambling segment. Bernstein’s analysts predict that VIP gambling will only reach 50% of the level it was in 2019 this year, while mass gambling will find recover of 75% of 2019’s numbers.

There is a silver lining, however, that should give casino operators a reason to be happy. The analysts believe that the drop in VIP action could lead to an increase in other segments, such as premium direct and premium mass, and explain, “In the early stage of recovery, we expect operators who have outsized relative positions in premium mass to fundamentally outperform (Melco and Wynn Macau top picks) over the next 6+ months, as premium customers are less affected by the economic impact related to COVID-19 and fewer numbers of customers are necessary to drive GGR growth.”

Osaka pushes unification to bolster IR casino efforts

Osaka, both the prefecture and the city, are pushing ahead their Integrated Resort (IR) plans in the same effort that will see the two administrations combined. The two bodies have chosen April 1, 2021 as the date to unify into an area-wide administration, bringing them closer together and eliminating overlap, while seeking avenues for growth.

Part of the effort will include preparations for the 2025 World Expo and Osaka’s IR bid. The overall goal is to boost Osaka into a new level of growth and development, making it Japan’s de facto second capital, after Tokyo. Having a world class IR would definitely help that effort.

Under the previously defeated Osaka Metropolis Plan, Osaka as a city would be abolished, and reorganized into four wards. That was voted down in November 2020, leading to this new effort that would see a Osaka Cooperation Council established, with the governor as the head and the mayor as the deputy manager in policy decisions. It will be considered on January 22, and officially proposed in February.

The Liberal Democratic Party opposes the effort, citing the previously failed plan. “Public opinion has been demonstrated through a referendum and Osaka city should retain full authority,” they note. With no majority yet supporting unification, it’s unclear if the measure will go forward, and critics state that April 1 is too soon to expect a clean evolution of the region into a one administration territory.

Atlantic City casinos to continue under COVID-19 restrictions

Not too long ago, Atlantic City was a thriving gambling hub on the East Coast of the U.S., the main casino epicenter along the Eastern Seaboard. Then, things started to fall apart for various reasons and New Jersey was forced to step in to put the city back on track. Everything seemed to be going well for a while and, between 2017-2019, Atlantic City casinos started to mount a rebound. That came to a crashing halt last year because of COVID-19 and this year isn’t shaping up to be much better. Already operating under strict lockdown procedures and reduced capacities, the city’s gambling properties are being forced to extend those policies for another 30 days.

As of yesterday, New Jersey Governor Phil Murphy has renewed the state’s anti-COVID-19 policies for another 30 days. He warned in a Twitter post that the “public health emergency’ could be extended again at the end of that period, as well, if there aren’t significant improvements made in the state’s fight against the coronavirus. However, he remains confident that widespread distribution of the COVID-19 vaccine is coming soon and that this will help New Jersey, as well as other states, start to return to normal.

As a result of the extension, casinos will need to keep their current capacity limits, which have been capped at 25% for what seems like an eternity now. Guests and employees of the city’s nine gambling properties will need to wear face masks and table games will still operate with fewer gamblers able to take a seat. Slot machines, as well, will not be as widely available as they were a year ago, with some having been removed to ensure social distancing policies can be followed. In some instances, the machines have simply been rearranged to allow adherence to those policies.

Atlantic City’s gambling market lost 44% of its gross gaming revenue (GGR) last year compared to what had been reported a year earlier. In 2019, the casinos saw a total GGR of $2.7 billion, but this dropped to $1.5 billion last year. Operating profits obviously declined, as well, with the casinos showing gross profits of $68.1 million across the first three quarters of 2020. That was 86% less than what it was in 2019.

New Slots Announcements – January 20, 2021

In the fast-moving world of gambling, sometimes you might miss news that could be important to you. To make sure you’re all caught up on gaming industry news, be it online or brick and mortar, we’re rounding up the some of the announcements and partnerships from the last week that you might have missed.

Don’t miss out on all of the latest announcements from the gambling industry. Our Press Release section is updated constantly, and we publish roundups of the latest partnerships twice a week.

FunFair Technologies harnesses luck of the Irish with Shamrock Treasures

Engaging new slot title invites players to discover gold at the end of the rainbow

China expands use of facial recognition ATMs to combat gambling crime

China believes there is an intrinsic correlation between gambling and crime, one that cannot be separated. It has already begun a crackdown on anyone who would promote gambling, domestic or otherwise, from within its borders and is going to step up its game. New ATMs with facial recognition technology are now in place in the country, with the latest being installed in the city of Zhuhai, just across the border from Macau. GGRAsia explains that many are now found in the city’s Gongbei district, described as one of the busiest land checkpoints between Zhuhai and Macau. 

Part of the reason for the installation of the new cash machines is presumably to monitor who is consistently making withdrawals. Reports of “excessive” ATM withdrawals have made China’s leaders nervous, with the leading theory being that criminals are emptying the machines for cross-border gambling, fraud and other activity. Facial recognition will allegedly help authorities reduce crime, as well as prevent individuals from allowing non-cardholders to use their cards to transfer potentially illicit funds. 

This isn’t the first time that the area has seen ATMs with facial recognition capabilities, but marks a major advance for China. Macau has had similar cash machines installed at various points around the city for the past four years; however, the technology was reportedly meant to be used just to verify the identity of the person withdrawing funds through cards issued by China’s UnionPay bank. Despite those claims, the general consensus has been that the technology was actually being used to monitor cross-border cash activity between the city and mainland China. 

Facial recognition technology has been a touchy subject over the years. Attempts at using it in other parts of the world, in particular by casinos, have led to lawsuits and substantial backlash. However, China feels compelled to do whatever it takes to ensure its laws and policies are followed at all times, even if it means deploying questionable solutions. 

Who will take over from Daniel Craig as the next James Bond

The box office is set to be overcrowded with 2020 blockbusters over the next 12 months, with James Bond one film that is tipped to lead the recovery. While this may be the final outing for Daniel Craig as 007 in Die Another Day, we have the odds on who is the favorite to assume the mantle of MI6’s most famous secret agent.

Peaky Blinders star, Tom Hardy is the favorite at Bodog to become the next Bond at +200. Hardy is working on a Venom sequel for the Marvel Universe and is also rumored to be making a cameo appearance in the next instalment of Spider-Man. Speculation has followed Hardy since 2015 when Daniel Craig was considering dropping out of the role.

 

 

UFC 257 Tips & Preview: Conor McGregor returns to the UFC

UFC 257 returns to prime time this weekend, offering plenty of intrigue around the return of the self-proclaimed king Conor McGregor. The Notorious is on the main card for a rematch with American Dustin Poirier.

There are plenty of subplots to the event on Fight Island this weekend. A win for the Irishman could be enough to draw Khabib Nuramgomedov out of retirement for a lucrative title fight with McGregor.

“Show me something spectacular! Make me come back and fight!”@TeamKhabib’s words to the lightweight division!

The Eagle opens the door to a return following #UFC257 pic.twitter.com/qatDzoR39H

Latest Super MILLION$ final table sees Dario Sammartino in the lead

Dario Sammartino, the 2019 WSOP Main Event runner-up, comes into play at the final table of the latest Super MILLION$ event on GGPoker with the chip lead.

Italy’s Sammartino hit the headlines back in 2019 when he came into the action at the WSOP Main Event final table 7th in chips of the nine players, but he confounded many people’s expectations to get all the way to the heads-up before losing to the eventual champion Hossein Ensan.

Back then, Sammartino would be disappointed to miss out on the title, as you can see in this PokerNews video from the time.

https://www.youtube.com/watch?v=-l9XstJBsDIVideo can’t be loaded because JavaScript is disabled: 2019 World Series of Poker Runner-Up: Dario Sammartino (https://www.youtube.com/watch?v=-l9XstJBsDI)

Sports on Screen: Match of the Day (1964-present)

Since 1964, Match of the Day has been a legendary television programme, broadcasting highlights of top-flight football. In television terms, it is the shiny-backed cockroach of the Sport on Screen landscape and has survived the best part of half a century by sticking to its unique selling points and playing to its strengths.

What are they and could Match of the Day survive another 50 years, or will it eventually be replaced? Let’s wallow in the wonder of a football one-off.

The Origins of an Iconic Show

Match of the Day used to show just one game’s highlights at length on a Saturday night when it first came around, and that was in black and white, too. Coverage was presented by Kenneth Wolstenholme (he of the infamous 1966 World Cup Final commentary “They think it’s all over… it is now!”) for the first three years.