Monthly Archives: May 2015

The MPN Poker Tour Adds Dublin to its Schedule

The Microgaming Poker Network Poker Tour has added a new stop in Dublin, Ireland, in partnership with Gaming Association.

Whatever the European Poker Tour (EPT) can do, the Microgaming Poker Network Poker Tour (MPNPT) can do better.

Ok…perhaps I am stretching things a tad too far. But the MPNPT has taken a leaf out of the competition by including a stop in the Irish capital of Dublin.

The EPT recently announced plans to visit Dublin, as part of their Season 12 roster, and the MPNPT will be doing likewise for only their fifth ever live tour stop.

Zynga to lay off 18% of workforce, shut down sports games

Struggling social gaming company Zynga says it will cut 18% of its workforce in a bid to return to profitability.

The company announced the layoffs in tandem with its Q1 earnings results. Total revenue in the three months ending March 31 rose 9% to $183.3m and the company narrowed its net loss by nearly one-quarter to $46.5m.

The company expects the layoffs to eventually generate savings of $45m per year, although there will be up to $22m in restructuring costs in Q2. At least, that’s the plan. Zynga previously cut 520 staffers back in June 2013, which obviously proved insufficient to stop the firm bleeding barrels of red ink.

Bookings, i.e. gamers’ purchases of virtual goods, rose nearly 4% to $167.4m. As testimony to Zynga’s efforts to wean itself off its former desktop dependency, 63% of overall bookings came via mobile devices, an improvement of 84% year-on-year. Mobile daily users rose 18% while the mobile monthly audience rose 29%. Advertising and other revenue fell 1% to $35m.

Josh Mancuso Wins the WSOPC New Orleans Re-Entry Event

Josh Mancuso picks up his first World Series of Poker Circuit gold ring, after defeating the four-time ring winner, Daniel Lowery, in heads-up action, at Harrah’s New Orleans.

Four down, eight to go, and Josh Mancuso has picked up the biggest score yet, as the World Series of Poker Circuit (WSOPC) drops its anchor in New Orleans.

The young man from Louisiana topped a field of 1,153 entrants in Event #4: $365 No-Limit Hold’em Re-Entry, an event that’s proving to be mighty popular with the WSOPC crowd this season.

The WSOP slapped a $25,000 guarantee on the event. The players raised $345,900. Maybe there’s a bean counter walking around with a glass eye? The event contained three-starting flights, 154 players returned for Day 2, and by the time the cleaners had packed up and left only three remained. A third day of action would have to be planned.

Elite former Athletes Tackle Gambling, Fantasy and Life After Playing

By Joe Favorito @JoeFav and Frank Scandale @FScandale @TheDailyPayoff

No matter what the sport or the level of management, the infusion of gambling and fantasy gaming into the conversation is hard to avoid. Tuesday night at the regular monthy gathering of the New York Sports Venture Capital proved the point as three elite former athletes took turns tackling those and other hot topics.

Former member of the New York Giants Charles Way, former ATP pro Patrick McEnroe, and former college basketball star and ex-coach of the New York Knicks and Vancouver Grizzlies Stu Jackson did not hold back when talking about the issues and challenges athletes face post playing career, nor did they shy away from the issue of analytics, fantasy and gambling.

Television personality Julie Alexandria kicked off the night by focusing on the breaking news of the day – Isiah Thomas back in basketball in New York, this time with the WNBA’s NY Liberty team.
McEnroe said his first reaction was, “Are you kidding me?”

From there the night moved fast.

While some of the time was spent talking about how the athletes managed challenges, filled the gaps in their lives after a lifetime of training and playing and forming new careers in business, the conversation soon turned to analytics and pay fantasy for both the athletes and the business of sport.

McEnroe, who recently finished his run as USTA Director of Professional Player development and remains active in broadcasting, talked openly about the issues of gambling in tennis, a sport which he said is the second-most wagered on sport in the world. He said most of the players do not earn much on the circuit – and is a proponent of changing the way prize money is distributed – so the temptation to shave a match at the lower levels is great. He said players at those lower levels have been suspended for questionable playing.

Jackson, now Associate Commissioner for The BIG EAST Conference, talked about the need for an understanding of analytics to get ahead in business and the value fantasy gaming has brought to the NBA in terms of fan engagement.

“There is no doubt pay fantasy has been very important to the engagement of fans, especially young fans today, and I think everything leagues like the NBA have done to embrace, rather than shun, the gaming/gambling space is the right thing to do. It’s not going away, it’s only going to grow,” Jackson added.
Jackson said he is a fan of fantasy because it will help the sport grow globally.

He also said he is a big proponent in analyzing data. “The day of saying, “I know it when I see it,” is over.”

McEnroe, admittedly not a fantasy player, was a lot more direct about the issues and opportunities technology, and fantasy sports, have in tennis. “Hey tennis was first with electronic line calls which have now become a part of the game, and we need more innovation to keep going,” McEnroe said.

Asked how his brother, famed hothead superstar John McEnroe, would have fared with the replays changing the calls, Patrick quipped that his brother still would have argued with the technology.

“As far as fantasy, I view it as gambling and although I don’t play, we know it (gambling) goes on and the sport has had its issues with scandal because of the wide discrepancy in pay for the athletes. As long as there is still such a wide gap and gambling is out there unregulated, there will probably continue to be some problems,” McEnroe said. “Fantasy is like legalized betting.”

Way, now of the staff at the NFL, deflected most of the talk around the gaming/gambling issue, not surprising given the NFL’s stance as being the most dogged public opponent on the issue of legalized gambling. However,he acknowledged the need for continued engagement through analytics and the growth of fantasy as an engagement tool, although he did add that, “Unlike other sports, success in football is much more tied to chemistry and culture, something which analytics helps but doesn’t take precedence over at this point.”

How all this ties into the careers of today’s athletes is not perfectly clear, but all three acknowledged that the success post-career must involve deep thought and commitment to surrounding yourself with the right people on the business side as you did when you were playing. That will now involve more of an understanding of analytics for business or sport, while keeping an eye on the growing business of gaming as it evolves into a lucrative profession for some athletes post-career; not in being a greeter in a casino as happened in year’s past, but as a trusted advisor for companies looking to engage in sport through analytics and potentially pay fantasy.

Where all the pay fantasy, legal gambling aspect of sport goes in the future remains up for great debate in the United States, but the conversation across sports continues to lead back to one thing; the business of engaging fans is more and more tied to data, analytics and fan engagement through fantasy, whether you are on the tennis court or the gridiron, and the pot continues to grow.

California Assemblyman Adam Gray Changes Online Poker Bill for Unanimous Committee Passage

California Assemblyman Adam Gray seems to know how to get an online poker bill passed through the State Assembly’s Governmental Organization Committee. The legislator made it happen last week, after adding only a handful of amendments to the bill. Now, Gray (D-Merced) has posted the latest version of his bill, AB 431, complete with the […]

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Online gaming the star of Caesars Entertainment’s byzantine Q1 report

Casino operator Caesars Entertainment’s Q1 revenue rose more than one-fifth thanks to its online operations and contributions from new venues like Horseshoe Baltimore.

Caesars’ figures are increasingly indecipherable, given the deconsolidation of its main unit Caesars Entertainment Operating Co. (CEOC) following its January 15 Chapter 11 bankruptcy filing. As a result, CEOC’s earnings after that date aren’t included in the Q1 results, making this a year-on-year comparison of apples to apple cores.

Instead, Caesars chose to focus on its “continuing” Caesars Entertainment Corporation (CEC) operations, including the Caesars Interactive Entertainment (CIE) social/mobile/real-money online gaming operations, Caesars Growth Partners’ (CGP) casinos and the Caesars Entertainment Resort Properties (CERP) division. To which we say, LOL, WTF and GTFO.

For what it’s worth, total continuing CEC revenue in the three months ending March 31 came to just under $1.1b, up 21% from Q1 2014. CGP casinos rose 33.5% to $390m, CERP revenue was up 7.5% to $529m and CIE was up 42.2% to $177m.

Tony Fung’s Aquis Entertainment buys Sheraton Mirage, plans to add casino

Tony Fung’s Aquis Entertainment has purchased the Sheraton Mirage hotel on Australia’s Gold Coast with the aim of converting it into a luxury resort casino.

On Wednesday, the Courier Mail reported that the Hong Kong-based Aquis had paid AUD 160m (US $127.5m) for the five-star Sheraton Mirage. The amount is more than twice the sum current owner Pearls Australasia paid for the property in 2009. However, a later report by HotelManagement.com.au claimed the deal had not been finalized and that Pearls Australasia “continues to consider perspective owners.”

Assuming Aquis’ offer is accepted, Fung (pictured) plans to develop the Sheraton Mirage and the adjacent Marina Mirage into an integrated resort precinct. Fung called the Gold Coast “one of those rare destinations that enjoys instant recognition through Asia. But it has yet to reach its full potential.”

In order to make his plan a reality, Fung will need permission from the Queensland government. For some time now, Aquis has been negotiating with the government to obtain the necessary approvals for his proposed $8.5b Aquis Great Barrier Reef casino resort project in Cairns.