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Bledisloe Cup betting preview

Domestic rugby competitions have finished, giving way to the international rugby calendar commencing this weekend. The All Blacks are set to play the Wallabies in the first of two Bledisloe Cup matches scheduled for Wellington and Eden Park, Auckland. Both sides will then join Argentina and South Africa in the Rugby Championship in Australia.

Kiwi David Rennie is set to take charge of the Wallabies for the first time since his appointment under the previous Rugby Australia administration. The Australians have failed to lift the Bledisloe Cup in more than two decades, and remain long odds to end their drought in New Zealand in 2020.

The new Australian coach will be hoping his side can notch a morale-boosting win in the opening game of the series, with the second match scheduled for Eden Park; the Wallabies haven’t beaten the All Blacks at Eden Park since 1986.

Rennie has opted to blood an experienced squad in a bid to overcome the Wallabies long-term jitters against their traditional rival. The Wallabies squad includes 16-uncapped players in the 44-man squad for the Tests in New Zealand. A further 13 of those players have 10 test caps or less.

Bledisloe Cup betting preview

Domestic rugby competitions have finished, giving way to the international rugby calendar commencing this weekend. The All Blacks are set to play the Wallabies in the first of two Bledisloe Cup matches scheduled for Wellington and Eden Park, Auckland. Both sides will then join Argentina and South Africa in the Rugby Championship in Australia.

Kiwi David Rennie is set to take charge of the Wallabies for the first time since his appointment under the previous Rugby Australia administration. The Australians have failed to lift the Bledisloe Cup in more than two decades, and remain long odds to end their drought in New Zealand in 2020.

The new Australian coach will be hoping his side can notch a morale-boosting win in the opening game of the series, with the second match scheduled for Eden Park; the Wallabies haven’t beaten the All Blacks at Eden Park since 1986.

Rennie has opted to blood an experienced squad in a bid to overcome the Wallabies long-term jitters against their traditional rival. The Wallabies squad includes 16-uncapped players in the 44-man squad for the Tests in New Zealand. A further 13 of those players have 10 test caps or less.

Andhra Pradesh seeks floating casinos; Goa casinos get another six-month stay

Casinos could soon be floating off the coast of the Indian state of Andhra Pradesh, even as Goa still can’t figure out what to do with its shipboard gambling operations.

On Sunday, Indian media reported that the state government of Andhra Pradesh was “exploring the feasibility” of approving an undisclosed number of floating casinos that would offer gambling along the state’s long coastline facing the Bay of Bengal.   

No AP government representative has so far gone on record to confirm the report but an official who requested anonymity said the rationale was simple: “the state doesn’t have any resources” and it’s running out of taxes to hike. A second anonymous official said the floating casino idea had been “explored for some time now.”

The timing of the announcement is strange, coming just one month after the AP government approved amendments to state gambling laws to criminalize online poker, rummy and other ‘skill’ games. The new rules don’t just target operators, as individuals could face six months behind bars just for playing an online hand of poker.

Djokovic slight favourite as French Open reaches quarter-finals

With just a week to go at Roland Garros, there has been a change in the betting markets to win the Men’s Singles at the French Open, and it’s an important one. 

Spanish player Rafael Nadal has redefined success at the venue, where he has won a spectacular 12 of his 19 Grand Slam titles. Yet despite clay being his favourite surface and Roland Garros being by far his most successful venue, Rafael Nadal is no longer the outright favourite to take the title.

That’s partly down to Djokovic’s imperious form at Roland Garros, not a location he’s enjoyed success at through the years solely because of his nemesis Nadal. We say that, but as we explained last week, the Serbian actually leads the head-to-head 29-26. 

Having just reached the quarter-finals for what is a record 11th time by smashing talented Russian 15th seed Karen Khachanov 6-4, 6-3, 6-3, Djokovic has come into 11/8 to be crowned champ in a week’s time – presumably at the Spaniard’s expense. With ‘Djoko’ facing either Spanish pro Pablo Carreno Busta or German qualifier Daniel Altmaier in the quarters, the smart money may be on the man ejected from the U.S. Open for striking a line judge with a tennis ball at Flushing Meadow. Oddly, that happened again during the Serbian’s win against Khachanov, but it was accidental and there was – unlike the Adria Cup – no harm done. 

Lakers seek rebound as Game 4 betting favorites

Odds courtesy of OddsShark.com

No question that LeBron James is on the Mount Rushmore of NBA greats, but one thing he has never done is win an NBA Finals in a sweep. He will not this year, either. It sure looked like the Los Angeles Lakers might sweep the Miami Heat after Los Angeles dominated the first two games and with Miami down two injured starters in Bam Adebayo and Goran Dragic due to injuries.

However, on Sunday night in Game 3 the Heat pulled the 115-104 stunner as 9.5-point underdogs behind a historic night from their best player, Jimmy Butler. Butler led all players with 40 points (despite not even attempting a three-pointer), 13 assists and 11 rebounds in the victory, become only the third player ever to lead all players in each category (LeBron did it twice in 2015 with the Cavs) in an NBA Finals game.

Butler also joined James and Jerry West as the only players with a 40-point triple-double in an NBA Finals game. It was Butler’s second 40-point game this postseason, tying LeBron and Dwyane Wade for the most such games in Heat single postseason history. It was Miami’s eighth win as an underdog in the 2020 playoffs, one shy of the 1995 Houston Rockets for most in the past 30 years.

Lottoland Australia wins injunction in fight over ‘jackpot betting’

Online lottery betting operator Lottoland isn’t being paranoid: its Australian regulator really is out to get the company.

Last Thursday, Lottoland Australia won an injunction from the Northern Territory Supreme Court temporarily preventing the state government and its Minister for Racing from pressing forward with changes to gambling regulations that Lottoland claims will destroy its Australian business model.

Lottoland sought the injunction after the Northern Territory Racing Commission (NTRC) sought undisclosed changes to the NT’s Racing and Betting Act 1983. A Lottoland attorney said the changes, which the NTRC informed Lottoland of last December, would apply to all NTRC-licensed bookmakers but “would only negatively affect Lottoland.”

On Monday, the Australian Broadcasting Corporation reported that Racing Minister Natasha Fyles sent the NTRC a letter last November after receiving complaints from consumers regarding Lottoland’s ‘jackpot betting’ product, which apparently confused some consumers into believing they were participating in a lottery draw.  

Phil Galfond takes huge lead against Chance Kornuth

The battle to win the latest Phil Galfond #GalfondChallenge is an extremely tense one.

Taking on Chance Kornuth, Galfond got off to a fair start last week after he took an early lead despite some valiant play from his opponent.

After a heavy latest session, the pair have now played 6,600 hands, almost 19% of the total hands to be played, and while Chance Kornuth is still very much in with a chance of winning, he’ll now have to recover from a deficit of €280,000 to do so after a mauling at the hands of Galfond.

Day 5 was a dramatic day and one that Galfond was more than happy to share:

Devil in the detail? Players paid in pieces of silver as Midway Poker Tour angers winners

When you reach the final table of a live tournament and your initial investment could be turned into five-figure prize money, whichever place you finish should leave you with a feeling of pride.

What it probably shouldn’t do is leave you with $1,600 in cash and an amount of silver which you’ll need to then trade to convert back into readily usable funds.

Thanks to Chad Holloway at PokerNews, this story might be one of the oddest of the year so far in poker. 

The Midway Poker Tour kicked off on Friday, with their $1,100 yielding 266 entries, not bad figures during the global Coronavirus pandemic. With a charity partner in ‘4 K.I.D.S. Sake’, the 31 players who made it to the final day on Sunday were guaranteed $2,300 for their efforts. What they weren’t guaranteed, however, was to receive all of their winnings in good old American greenbacks.

Sweden’s new online casino limits push sales down 30%

Some of Sweden’s online gambling licensees have seen their revenue fall nearly one-third since the government imposed tough new limits on online casino deposits and bonuses.

Last Friday, Swedish media outlet News 55 reported on tax filings that show many locally licensed online gambling operators suffered sales declines of up to 30% in the period spanning June to August.

July 2 marked the formal implementation of Sweden’s new SEK5k (US$537) weekly deposit limit for online casino players, and the SEK100k cap on online casino bonus offers. The new rules were intended to limit the potential for gambling-related harm by Swedes stuck at home during the COVID-19 pandemic, despite the actual data failing to support the need for such drastic measures.

Among the companies reporting significant drops are the Comeon Group, which saw its Swedish sales fall from SEK118m in June to just SEK83m in August, a drop of 29.6% (although that decline was aided by the company’s decision to shut two of its major brands to Swedish customers in May).

Shambala casino soft-launches in Russia’s Primorye gaming zone

Russia’s gamblers may finally have another casino at which to play, although any winnings they collect will face greater scrutiny from the tax authorities.

Last Friday, the Shambala casino in Russia’s far east Primorye gaming zone invited local media to take a tour of the facility, which is prepping for its imminent grand opening after years of preparation. The tour was conducted by Maxim Smolentsev, general director of the casino’s parent company Shambala CJSC.

The property is still far from complete, but local media reported that its gaming floor featuring 500 slot machines and 23 gaming tables is ready for action. A ‘Foodmarket zone’ overseen by chef Anton Strelchenko is also ready to welcome hungry guests, but other restaurants, non-gaming amenities and its VIP gaming rooms are still reportedly a work in progress.

The casino also has the now standard health and safety protocols in place, and Smolentsev admitted that he still doesn’t know “how things will be with inbound tourism in Russia in connection with the pandemic.” But whenever tourists are ready to travel, Smolentsev said Shambala “will try to provide first-class service.”

Cambodia’s NagaCorp casino revenue back to 91% of pre-pandemic rate

Cambodian casino operator NagaCorp says business is nearly back to normal after its COVID-19 shutdown, while the government appears to be finally making progress on its new gambling rules.

On Sunday, NagaCorp announced that average daily net gaming revenue at its NagaWorld casino in Phnom Penh during August and September equalled 91% of revenue generated in the first three months of 2020.

Cambodia ordered all casinos to close their doors on April 1 to limit further COVID-19 transmission and NagaWorld didn’t reopen its VIP table operations until July 8, while the public gaming floor followed suit later that month. Despite these limitations, NagaCorp still managed to turn a profit in Q2, showing the undeniable benefits of its Phnom Penh casino monopoly.

Mass market gaming table buy-ins in August and September averaged 93% of their daily rate in Q1, while electronic gaming machine (EGM) bills-in were at 100%. However, VIP gambling turnover remained at only 71% of pre-closure levels, a victim of ongoing pandemic restrictions on international travel.

The Long Con: Former William Hill CEO Ralph Topping forecasts sportsbettings future

Ralph Topping gained a lot of experience in the gambling industry as CEO of William Hill. He’s since left that role, but the wisdom hasn’t left him. Right on the heels of William Hill’s buyout offer from Caesars Entertainment, we bring you an in-depth interview of the industry veteran, as he’s Becky Liggero Fontana’s guest this week on The Long Con.

The two began by discussing how Topping got into the industry, and it may never have happened if his father didn’t have a pastime of choice. “Well I’ve never showed any interest in the gambling industry, although my father, when I look back on it, he liked what they call a little punt,” Topping shared. “He liked a bet, he kept disappearing every now and again when we were kids, and he used to say, as he was off to the post office, but he was really going to the bookies, we found that after a while. When I was at university, my parents very kindly bought me a car, but also said that I would have to fund it myself. So I would have to put the petrol in it, or gas as they say in your country, and be responsible for the repairs and whatever else. They bought the car and then he found me the job. He found me a job with a company called, City Bookmakers they were called.”

[youtube https://www.youtube.com/watch?v=QQTt4xRYD2g]

Topping was with William Hill at the very early days of online gambling, and he played a key role in getting them online. “William Hill actually went online in 98 for the World Cup,” he said. “The company had been going through a slow burn in terms of growth and whatever else, but had established itself is one of the leaders in that nascent market. When I took over as CEO, I’d already worked in online and retail and I liked the online business. But as a CEO, you’re in the job for five years on average, so you never know when somebody’s going to come and tap you on the shoulder.”

Premier League Review – Gameweek #4 – Mourinho Masters a Manchester Mauling

Quite the most incredible weekend of Premier League football saw both Manchester United and Liverpool humbled by Tottenham Hotspur and Aston Villa respectively.

Manchester United 1-6 Tottenham Hotspur

Old Trafford turned into the Theatre of Screams a full threw weeks before Hallowe’en as Manchester United collapsed in spectacular fashion to Spurs. Jose Mourinho could have been forgiven for thinking that all his Christmas presents arrived 100 days early as his Tottenham side were gifted victory in the most bizarre fashion.

Bruno Fernandes put United ahead from the spot after just 90 seconds, a clumsy Davinson Sanchez tackle on Anthony Martial leaving the referee no alternative but to point to the spot. But when a simple header back to his keeper turned into a personal nightmare for Harry Maguire, United conceded an equaliser just two minutes later, and in no time at all, the lead was reversed, Harry Kane taking a quick free-kick to put clear the deadly Son Heung-Min.

DraftKings investors cash in as NFL bettors beat up company’s Q3

Sports betting operator DraftKings is issuing yet more shares to cash in on investor hype, while claiming its Q3 revenue will survive a run of NFL bettor luck.

On Monday, DraftKings announced a plan to sell 16m of its shares and current shareholders are selling an additional 16m shares while the selling’s good. The company’s share price closed out Friday’s trading at a record $63.78, as the return of major league sports play offered investors yet another reason for irrational exuberance.

Among the investors looking to cash out some of their holdings is Shalom Meckenzie, founder of SBTech, which became part of the DraftKings fold earlier this year. McKenzie is selling 8.5m DK shares, which will reduce his stake in the company to around 5%. DK board member John Salter and his Raine Group are selling 5.4m shares, while New England Patriots owner Robert Kraft is selling nearly 286k shares.

DraftKings will also allow its underwriters to purchase 4.8m additional shares, putting a total of 36.8m shares in play. The company says it plans to use the proceeds of the share issue – which at current prices could total $1b – for ‘general corporate purposes,’ including continuing to promote its wares like an aggressive prostitute in Times Square circa 1977.

Mike Postle set to go all in against poker community

The saga is set to continue as Mike Postle launches a defamation and libel suit against some prominent members of the wider poker community. In the wake of the case against Postle being dismissed earlier this year, Postle is now out to pursue his critics in court.

Poker pro Todd Witteless shared a copy of the suite on Twitter:

This will be drowned out by the Trump news, but Mike Postle is suing me, @Angry_Polak, @ESPN, @Pokernews, @PhilGalfond, @haralabob, @BartHanson, @RealKidPoker, @JonathanLittle, @Joeingram1, and @DougPolkVids for defamation.

Suit is obviously frivolous and I will fight it. pic.twitter.com/JiZANp3mWH

Norway’s push for unified gambling laws gains traction

While different forms of gambling require somewhat different approaches to how they’re managed, the regulations governing the activity are similar. However, because the various gambling channels, in many countries, have been introduced over long periods of time, they are often given their own regulatory body to guide them, which can ultimately break down the continuity provided the gambling space as a whole. The idea of bringing different gambling channels together under a single regulatory framework is not new, and has already been introduced in many countries. Norway is set to join that crowd, and reforms to gambling laws are going to facilitate the transition. The country’s gambling regulator, Lotteritilsynet, is convinced that a more “holistic” solution is the way to go in order to bring consistency to the gambling industry, as well as to provide better responsible gambling oversight.

Currently, Norway has three legislative guides for the gambling industry – the Lottery Act, the Gambling Act and the Totalisator Act. Since early this year, the country has been working on addressing gambling reform in an effort to bring them all together under one larger umbrella, with the Norwegian Minister of Culture, Abid Raja, leading the way. He has been behind proposed changes to gambling legislation and facilitated a review of the consolidation of the country’s gambling laws earlier this year. The changes are already with the European Commission (EC) for its review. 

In response to that review, Lotteritilsynet welcomes the idea of revamping existing legislative structures to provide better, more consistent oversight of the gambling industry. It believes the move will go a long way toward improving the gambling ecosystem while, at the same time, helping to prevent problem gambling. It will also help ensure that gambling is only available through legal channels, and the gambling regulator adds, “Norwegian regulation will be strengthened through new instruments that will provide better control of the gambling market and ensure a more responsible gambling offer in Norway.”

However, consolidated gambling legislation doesn’t mean the industry will open up. Lotteritilsynet wants state-owned operators, like Norsk Rikstoto and Norsk Tipping, to still be in control, asserting that this is the best way to facilitate more consumer protections. The regulator explains, “[Certain online casino games] were only considered safe to offer to players because of the strict player protection controls offered by Norsk Tipping, and direct competition could put players at risk. The regulator has offered an amendment to the ongoing discussion that would name Norsk Tipping as the sole operator permitted to offer these games, which it asserts requires “special public controls.”

Playboy’s gaming ops could get a boost from SPAC purchase

Everyone knows that Playboy magazine only became so wildly popular because of its unique, creative, thought-provoking journalism. Not really, but it’s the excuse most often heard. Whatever the reason, Playboy’s empire grew from a $5 start to a multi-billion-dollar industry that covers a wide range of activity, including casinos and online gaming partnerships. While there have been slumps in its revenue reports over the years, Playboy Enterprises is about to be purchased by a special acquisition company (SPAC) that could reinvigorate the business segment. A deal by the Mountain Crest Acquisition Corp. SPAC to acquire Playboy should have the company hopping with excitement. 

The acquisition is reportedly worth around $415 million, according to the Reuters. It includes $58 million of Mountain Crest’s money, as well as another $50 million made available through private investment in public equity (PIPE) money gathered from institutional investors. $142 million in existing debt will be absorbed by the SPAC. Existing owners of the company will retain 66% of the company, which will simply be known as Playboy following the closing of the deal. That closing hinges on approval by the US Securities and Exchange Commission (SEC), and will also lead to a return of Playboy to public trading, with a listing on the NASDAQ exchange under the ticker PLBY.

Playboy had previously opened three branded casinos, starting with the first in 1966. That was located in London, and the company then opened another in Atlantic City 15 years later, followed by a third at the Palms Las Vegas in 2006. It also has a strong presence in the online gaming space from existing partnerships with Microgaming and Scientific Games. This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings. However, it did not specifically describe any deals that are currently in the works. 

Following successful approval of the acquisition, which could take up to three months, Mountain Crest will officially be known as Playboy and will be run by the latter’s current CEO, Ben Kohn. With renewed interest and a potential return to public trading, Playboy would have the financial support to push forward deeper into the gaming ecosystem. Kohn explained in the announcement of the potential acquisition that the company’s “casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth,” which will serve as a catalyst for attracting more investments and an expansion into more areas of gaming. Perhaps Playboy sportsbooks will soon appear. 

Parimatch becomes official La Liga betting partner

Betting operator Parimatch continued their foray into European football, signing a two-year partnership with La Liga. Under the terms of the deal, Parimatch will become the Spanish league’s official betting partner for 15 regions in the Commonwealth of Independent States (CIS).

Parimatch’s branding will feature across all events organised in the region and will feature in away matches for Real Madrid, FC Barcelona, Atletico Madrid. Parimatch will also gain access to La Liga digital assets and have the support of La Liga football legends for marketing in the region.

Parimatch have formed partnerships in recent months with Everton, Leicester in the English Premier League and Serie A champions Juventus. Parimatch CEO Dmitriy Sergeev was excited about the partnership with La Liga:

“This collaboration is strategically important for Parimatch and represents an opportunity for us to reach the loyal fanbase of one of the most popular football leagues in the world, whose players are some of the most iconic names in football today. This agreement will see our brand awareness increase not only in our key markets across the CIS, but also on a global level. LaLiga shares our commitment to the fan experience, so this partnership is a fantastic fit for us.”

Golden Week in Macau not off to a good start

No one expected Golden Week to mark a huge turn-around for Macau; however, the hope was that it would bring some type of relief for the city and its casinos after continued near-flat visitation that has lasted for several months. COVID-19 still refuses to release its grip and, even if the number of positive cases has dropped in the region, travel restrictions and concern over infection remain. As a result, Macau did the best it could to attract whatever portion of the market it could muster during the ongoing Chinese holiday period, but wasn’t able to achieve anything significant. Across the first three days of Golden Week, visitation to Macau was down almost 90% from what was recorded last year.

According to data provided by the Macao Government Tourism Office (MGTO), Macau welcomed 58,345 arrivals from last Thursday through Saturday. That equals a drop of 87.2% from last year’s opening weekend, mostly fueled by an extreme decline in visitation from mainland China. Typically the biggest feeder for Macau, especially during the annual week-long holiday, only 55,100 mainlanders paid Macau a visit over the three-day period, a year-on-year decline of 86.1%.

The MGTO was most likely waiting with bated breath the morning of October 1, ready to see how the first day of Golden Week would turn out. The entry points to the city were underwhelmed, however, and only 15,500 visitors crossed over into the city. That represents an 88.5% drop from the first day of the holiday period last year, and October 2 didn’t get any better. Although the figures for the day showed 22,116 arrivals, that was off by 86.1% from what was recorded last year. On October 3, the number of arrivals dipped, with Macau welcoming only 20,726 visitors – 86.1% fewer than it had a year earlier.

This is the second year in a row that Macau visitation has been anything but impressive, especially for the city’s casinos. Last year, overall visitation saw a year-on-year increase of around 11%; however, the average daily revenue for the city’s gambling properties was about 12% less than what had been recorded in 2018. Most of that came from a drop in VIP gambling, which lost around 22-24% of the prior year’s level.

Inter Milan ink Asian betting partnership with SDY Sports

Serie A giants Inter Milan announced a two-year agreement with Asian operator SDY Sports. The multi-year agreement will see SDY become the Italian side’s official Asian betting partner.

The terms of the deal with Inter Milan will see SDY Sports assets on LED boards around the pitch during Inter Milan’s home games at the San Siro. The agreement will also include several other digital marketing opportunities throughout the 2020/21 season.

SDY sports CEO Darwin Guo was excited about the partnership with the Italian giants.

“Inter are one of the most popular football clubs on the planet with a strong international fanbase so this partnership is a major success for SDY SPORTS. We’re delighted to see the SDY SPORTS brand associated with one of the world’s biggest teams and we’re looking forward to developing exclusive activities for Nerazzurri fans with the club.”