Developers proposing a $650 million Foxwoods resort casino on the New Bedford waterfront said Monday that they’ve secured financing and brought on a former Foxwoods CEO as partner. Scott Butera, who resigned as head of the Connecticut-based Foxwoods in October 2014, confirmed in a letter to state regulators that he’s joined KG Urban Enterprises, of New York.
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The fallout is growing across the globe from the recent disclosure that Filipino boxer Manny Pacquiao was injured going into the ” Fight of the Century” against Floyd Mayweather.
The prime minister of Cambodia is refusing to pay up on a $5,000 bet he made on the Mayweather-Pacquiao fight because of he says the fight was not judged fairly, according to a report by CNBC.com.
Last Saturday, millions placed their bets – and lost – on the “Fight of the Century” when Floyd Mayweather Jr. beat Manny Pacquiao, including, Hun Sen, the Prime Minister of Cambodia.
http://www.cnbc.com/id/102649001
Pacquiao allegedly failed to disclose shoulder injury prior to the fight is causing reverberations throughout the boxing and betting worlds.
Pacquioa’s promotor , Rob Arum, revealed right after the fight that the boxer had a torn rotator cuff sustained during training about a month prior to the fight, according to various reports, including Al Jazeera http://www.aljazeera.com/news/2015/05/pacquiao-faces-sanctions-shoulder-injury-150505081507006.html
Apparently, his camp failed to notify the Nevada Athletic Commission until before the fight when Pacquiao requested an anti-inflammatory shot.
The Telegraph is also reporting that Pacquioa could be prosecuted for the infraction, citing the New York Daily News as saying the Nevada Athletic Commission is investigating. http://www.nydailynews.com/sports/more-sports/pacquiao-failure-disclose-injury-perjury-article-1.2210373
Surgery to remove an ankle chip will sideline Louisiana Derby (gr. II) winner International Star through the remainder of the Triple Crown season.
In a year that has seen total handle on historical racing in Kentucky surpass $1 billion since its September 2011 launch, interest continues to be strong.
“I do it for entertainment. It’s fun, I like to gamble. It’s cheap gambling,” Pam Martin said.
Average field size at Gulfstream Park for its Dec. 6, 2014-April 5 race meet grew 13.1% from 8.4 to 9.5 horses per race, while average daily all-sources pari-mutuel handle slipped 1.7% but was still a solid $8.1 million.
UK betting exchange Betfair has promoted Director of Online Marketing Johnny Devitt as Chief Marketing Officer while UK-based Sportsbook platform provider FSB Technology Ltd. has appointed Richard Bosley as its new Senior Project Manager.
As Betfair CMO, Devit Devitt will take over marketing and branding initiatives for the company.
The company had created the senior management role following the departure of former Brand Director Mark Ody. Betfair merges online marketing and branding responsibilities under the leadership of its new CMO.
Devitt became Betfair’s online marketing strategy and initiatives since May 2014, he joined the company in September 2014 from competitor Paddy Power as Head of Marketing Platforms, Data and Acquisition for six years.
The Scottish independent betting shop group Scotbet announced on Tuesday that it has joined the gambling self-regulatory body the Senet Group, becoming the first new member of the organization.
Scotbet joins founder members William Hill, Ladbrokes, Coral and Paddy Power in committing to abide by a code of conduct meant to ensure high industry standards of social responsibility in gambling.
“We’ve always placed a high priority on promoting responsible gambling, so it seemed natural to join Senet as a mark of our commitment to that principle,” said Scotbet Chairman John Heaton. “In keeping with Senet’s rules, we have withdrawn all advertising of gaming machines from shop windows and will be devoting 20% of window advertising to responsible gambling messages.”
“While most customers enjoy betting safely, it’s important that the industry plays its part in protecting vulnerable people. We look forward to working with Senet to achieve that goal.”
City of Dreams Manila operator Melco Crown Philippines became the first to receive regular gaming license from the Philippine Amusement and Gaming Corporation (PAGCOR) in Entertainment City.
Melco Crown said in a Tuesday filing to the Manila Stock Exchange, the operator received its regular gaming license on Monday “for “having met the minimum $1 billion investment under PAGCOR’s regular license requirement.
“The regular license has the same terms and conditions as the PAGCOR provisional license,” Melco Crown Philippines added.
The property’s provisional license, which was issued to the consortium on January 28, 2013, required that at least 95% of City of Dreams Manila’s total employees be hired locally.
As Macau continues its entirely government-induced freefall, the broader Chinese stock market is breaking through highs not seen since 2008. All this while macro data in China comes in bleaker and bleaker, the latest being the HSBC Manufacturing PMI coming in at contraction levels, the lowest in a year and more ominously, the fastest drop in a year. Yet Chinese stocks, except Macau, keep going higher in a sort of twisted loop, as every bad data point adds to the assumption that the People’s Bank of China will print more money if the economy slows down too quickly. Bad news is good news, for now.
At some point soon this will break. And while searching for Macau alternatives is certainly not a bad idea, investors have to be prepared for turmoil in capital markets everywhere when the broader Shanghai index begins to fall. So yes, there are alternatives in Macau’s backyard that are slowly feeding off the artificial government-induced Macau drop, but they too will be affected, at least temporarily, by conditions in the People’s Republic.
Cambodia’s NagaCorp is slowly growing its VIP segment, quite nicely in fact, with fundamentals improving largely due to the Macau situation. But if you’re looking for quick sustained gains, Cambodia is not the best choice. An investment in NagaCorp should only be taken with 2020 in mind, scaled in slowly on down days. Try to get a good price and buy the dips. Don’t go chasing.
While NagaCorp’s numbers are good, certainly stellar compared to Macau’s, the environment is nevertheless not ideal. It has very little to do with Cambodia itself. NagaWorld is actually closed to native Cambodians and open only to foreigners. Strange business model perhaps, but it insulates the casino from fluctuations within the native economy almost entirely. And it’s not even the monetary environment in Cambodia, since NagaCorp’s business is mostly disconnected from the actions of Cambodia’s central bank. Expenditures and income are mostly in US Dollars with a bit of Rubles on the side.
Testimony wrapped up Monday in the case of man on trial in North Dakota for what authorities say was a role in a Jamaican lottery scam that bilked victims out of millions of dollars. Sanjay Williams, 25, of Montego Bay, Jamaica, is charged in federal court with conspiracy, wire fraud and money laundering.
Bitcoin Conference Prague 2015: The heart of Bitcoin will beat in the center of Europe will take place in the capital of Czech Republic on the 14th of May— a one-day event bringing bitcoin community from Czech, Russia, Poland, Slovakia, Hungary, Germany, and all Bitcoin enthusiasts of Central and Eastern Europe.
More and more business are adapting to the use of Bitcoin as the primary cryptocurrency in the digital marketplace and online gambling was one of the first businesses to embrace Bitcoins. Industry experts continue to laud the digital currency as the ideal format for iGaming moving forward, optimizing the operations of operators most of all.
Bitcoin is a huge step in the effort to help maximize the online gambling industry market, where the foothold that online gambling gains can stabilize the industry after the revolutionary changes that have expanded the industry so significantly in recent years. The online market stabilization can be bolstered by the incoming stability of the value of Bitcoin, as the acceptance of the digital currency spreads.
Bitcoin Conference Prague will be divided into two parts: an official one and after party sponsored by MoneyPolo. The first part of the conference stipulates a strict dress code, speakers’ performances, unique reports, contract conclusions, business meetings, etc. After the official part of the event, all the guests will be invited to an incredible “Bitcoin-party”, which will last until the morning.
Riviera Hotel and Casino permanently closed on Monday, ending a 60-year run in Las Vegas Strip.
“The Riv,” along with Flamingo, which debuted in 1947, and The Tropicana, which opened in 1957, was one of the few casinos that had remained open since the days of Frank Sinatra and Liberace.
The property has struggled in recent years as development around it went dormant, deterring walk-in traffic.
Las Vegas Convention and Visitors Authority (LVCVA) has purchased The Riviera and plans to tear it down to make way for its $2.3 billion expansion of Las Vegas Convention Center to the Strip.
Four Grant County co-workers, Karla McKay of Santa Clara, Michele Blackman-Legarda of Arenas Valley, Vicky McCauley of Silver City, and Judy Johnson of Hanover, won 30,000 on April 16 on a lottery ticket purchased in Silver City. Courtesy Photo ALBUQUERQUE >> Two large lottery prizes won recently join a long string of big winning tickets sold in Silver City at Shell Foodmart at 2045 E. U.S. Highway 180.
The gaming industry continues to struggle with inexcusable behavior. A spokesperson with the Washington, D.C. Metropolitan Police Department confirmed to GamePolitics that a weekend gathering of GamerGate supporters was halted due to a bomb threat.
theMediaFlow Managing Director Nichola Stott gives an overview on of the book Made to Stick in this edition of CalvinAyre.com’s Content Marketing Tip of the Week.
Like last week this week’s Content Marketing ToTW is further reading and it’s the turn of brothers Chip and Dan Heath with Made to Stick.
This book looks at all kind of creative campaigns and business behaviours, across advertising, media and organisations; focusing on common properties of the best stories that transcend generations and endure as message.
We incorporate some of the framework described in the book into our approach to content ideation. In fact one of the core principles described which came out of West Point Behavioural Sciences division forms the start of our creative brief process and it is the Commanders Intent. Commanders Intent is a plan-talk statement about the point of the mission, so that should any of the expected uncontrolled variables (originally “the enemy”) behave or perform in unexpected ways, the mission is still achievable providing the intent is communicated.
Lottery players hope it’s a ticket to a new life. With close to $2 billion in lottery sales in 2014 in Kentucky and Indiana, lots of you are hoping to hit the jackpot.
Australian betting operator Tabcorp says its digital channel was among the “dominant drivers” of the company’s fiscal Q3 results.
Tabcorp’s digital channel reported turnover up 16.8% to AUD 815m (US $638m) in the three months ending March 31. For the fiscal year to date, the digital channel is up 20.1%. Despite these gains, revenue at Tabcorp’s Northern Territory-licensed site Luxbet fell 12.6% to $12.5m due to “unfavorable yield movements.”
Tabcorp’s retail turnover rose a more modest 3.3% to AUD 1.59b. Tabcorp says work is progressing on integrating its retail and digital channels, an approach the company claims will offer customers more touch points than any of its Aussie rivals.
Totalisator betting easily maintained its dominance over its fixed-odds rival, but tote revenue fell 0.8% to AUD 290.9m while fixed-odds rose 31.9% to AUD 105.8m. TAB Sports revenue was down 1.8% to AUD 44.5m due in part to a stellar performance in the previous Q3. The Trackside animated racing business improved 16% to AUD 23.9m while media operations rose 9% to AUID 43.6m on the strength of its international business.
Lee Davy takes a look at the two Champions League semi finals, as the road to Berlin resumes this week with Juventus hosting Real Madrid and Barcelona hosting Bayern Munich.
The Champions League returns to our TV screens this week, with the semi-final first legs. Juventus will host the reigning champions Real Madrid on Tuesday 5, May, and Barcelona will host Bayern Munich on Wednesday 6, May.
Juventus go into their most challenging fixture of the season on a high. A 1-0 victory over Sampdoria, on the weekend, ensured the Old Lady retained their Serie A title for the fourth consecutive year. They are also unbeaten in 12 European home games, losing only one of 17 since their stadium had a makeover.
It’s no coincidence, that run of four league titles started when Andrea Pirlo made the switch from AC Milan. Their talisman started that title winning game on the bench, but he is expected to start against the European champions. Influential midfielder Paul Pogba continues to be absent through a calf injury.
Sebastian Supper and David Susigan have won the France Series of Poker Main Event, and High Roller, as part of the European Poker Tour Grand Final in Monte Carlo.
Sebastian Supper made a meal out of seven sterling competitors to squeeze his face into the winners shot of the France Poker Series (FPS) €1,100 Main Event, as part of the European Poker Tour (EPT) Grand Final in Monte Carlo.
[Image Credit: PokerStars]
993-players entered the event, thus creating a prize pool of €963,210, and the German student, Sebastian Supper, won €177,000, after beating the Spaniard Manuel Martinez in a one-sided heads-up affair.