Monthly Archives: January 2015

Westbury Mayor Peter Cavallaro joins fight against casino

Westbury Mayor Peter Cavallaro, whose winter battles are usually limited to clearing snow from village streets, stands at ground zero in the fight to keep a casino from going in across the street from several thousand village homes. Cavallaro has become the de facto leader in the fight to stop Nassau Off Track Betting Corp. from building a gambling emporium with 1,000 video lottery terminals… Westbury Mayor Peter Cavallaro, whose winter battles are usually limited to clearing snow from village streets, stands at ground zero in the fight to keep a casino from going in across the street from several thousand village homes.

Photos: David Lemieux, Golden Boy Las Vegas Presser

Golden Boy Promotions alongside Eye of the Tiger Management held an intimate roundtable at the MGM Grand in Las Vegas, to discuss the recent signing of David Lemieux to Golden Boy Promotions. The impressive middleweight contender Lemieux, Founder and President of Golden Boy Promotions Oscar De La Hoya, Future Hall of Famer and Golden Boy Promotions Partner Bernard Hopkins, President of Eye of the Tiger Management Camille Estephan, and Senior Vice President of Golden Boy Promotions Eric Gomez were all in attendance.

South Korea to issue two more casino licenses in 2015; Vietnam okays Phu Quoc

South Korea plans to issue two more large-scale casino licenses in 2015 as part of a broader plan to boost the nation’s tourism industry. On Sunday, the Korea Herald reported that the ministries of Finance, Land and Tourism had come up with a plan they hope will attract KRW 8.5t (US $7.9b) in new investment.

Deputy minister of tourism Park Min-gwon said restrictions on building new integrated resorts with casinos “will be lifted so they can be built even inside free economic zones by both local and foreign investors.”

The government believes each of these new casinos will require at least KRW 1t ($925m) of new investment with development commencing as early as 2016. The government is also willing to provide KRW 1t of loans at low interest to enable the construction of 5k new hotel rooms by 2017. Last week, the government approved foreigner-only casinos on domestic cruise ships over 20k tons.

South Korea already has three large IR projects in the works. Two of these – the Paradise City joint venture of Paradise Group and Sega Sammy Holdings and the Caesars Entertainment/Lippo Group JV – have been earmarked for Yeongjongdo Island near the Incheon free economic zone. The Genting Singapore/Landing International Development JV plans to take root on Jeju island. Of these three, only Paradise City has so far put shovels in the ground.

Chow Tai Fook Enterprises has proposed its own $1b project in Incheon and Las Vegas Sands continues to make noise about building an “iconic” resort deep in the heart of the country’s capital Seoul. However, Sands has insisted that it won’t spend a penny until the country lifts its ban on locals entering casinos and on Sunday the government repeated its insistence that the new casinos will be accessible by foreign tourists only.

Further south, Vietnam’s government has taken another step toward authorizing a casino project on the island of Phu Quoc. In September, Prime Minister Nguyen Tan Dung recognized the island as a second-tier urban area and the PM has now told the Ministry of Planning and the provincial People’s Committee to develop and submit the necessary casino regulations for his approval. Phu Quoc is located off the country’s southern coast, close to both Cambodia and Thailand.

Stiverne vs. Wilder: Live Round-by-Round Results and Highlights

Saturday is fight night, and we’ll bring you live coverage of a huge heavyweight championship fight from the MGM Grand in Las Vegas! In the main event, Bermane “B Ware” Stiverne defends his WBC Heavyweight Championship against undefeated American power puncher Deontay Wilder. Stiverne captured the lone heavyweight title not held by Wladimir Klitschko with a brutal knockout of Chris Arreola in May. With the win, he became the first Haitian-born heavyweight champion and established himself as a legitimate threat to the Ukrainian’s long reign atop boxing’s big men.

Ghc30m SSNIT money missing?

Speculations are rife within the corridors of SIMNET that the Ghc30million paid by the National Lotteries Authority at the instance of a Court has neither reflected in the accounts of the ICT firm nor its parent company, the Social Security and National Insurance Trust . The above-mentioned amount with interest was advanced to the ICT firm for delayed payment of invoices.

Bitcoin Value Tumbles

The cryptocurrency known as Bitcoin has seen its value drop to $209 as of this writing, with a number of industry experts sounding the alarm that the end may be near.

The virtual currency’s appeal to the world of online poker and gambling is evident in the ability to process transactions anonymously, yet that appeal also brings with it a fear of illegal activity. A push to increase the use of Bitcoin as a payment processing alternative on poker sites began in the new year, but that push may end up falling off a cliff if those financial experts are to be believed.

The U.S.-friendly Winning Poker Network added Bitcoin for deposits last week. That followed the announced launches of Bitcoin-only poker rooms Get Lucky Poker, BitnPlay and Burnturn Poker, the latter two preparing to enter the market later this year and the former currently in beta testing.

Bitcoins have no physical form and must always be converted into another currency. Their acceptance remains a niche market at best, with mainstream acceptance seeming more unlikely as time moves on.

PokerStars Teams with Jones and Sons to Launch Restaurant

PokerStars has introduced a novel way for poker players to combine their love of the game and the need for quality food. As one of the biggest names in poker, it would be easy for PokerStars to rest on its laurels supported by the countless customers across the world. Yet the popular online poker room […]

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Gus Hansen Investing ‘Millions’ in Bridge Card Shuffler

When you end the year as the biggest online cash game loser on the planet, it’s not a bad idea to focus your energy elsewhere. That’s exactly what Gus Hansen has done, who according to reports in the Danish rag Berlingske Business Growth, has invested ‘millions’ into the game of Bridge.

It was a sour 2014 for the Great Dane. Not only did he end the year with $5,864,263 in losses spread over 1,604 sessions and 200,904 hands, but his employment with Full Tilt ended after the online gambling outfit dropped The Professionals around the same time they were cutting the word poker from their brand name.

Hansen is a renowned Bridge enthusiast. In 2010, the 40-year old surprised everyone when he partnered with the Irishman Tom Hanlon to win the Pro-Am pairs event at the inaugural Copenhagen Bridge Invitational. The pair also squared off in a special Bridge, Blackjack and Pool event at the 2013 Full Tilt United Kingdom & Ireland (UKIPT) Galway Festival. Hansen won the event after taking the honors in both pool and blackjack, with Hanlon winning the Bridge game. The festival was also the home of the inaugural Irish Bridge Masters.

With over $20m in online cash losses, the Dane, who is the biggest loser in the history of the game, has joined forces with Hanlon and businessman Nils Foss to invest in a Bridge shuffling machine known as Bridge+More. The device belongs to Bridge Company (founded in 2009 under the name Bridge4People), a company that specializes in developing and selling innovative products and services to the Bridge community.