Monthly Archives: July 2015

GN'R "Resort Attraction" Headed To Hard Rock Las Vegas

Hmmma what on Earth could these Guns N’ Roses teases mean inside the Hard Rock Hotel & Casino in Las Vegas? While some are speculating another residency that really doesn’t make sense when you consider the verbiage “resort attraction.” So, what could this attraction be? Here’s some of our ideas: A whole new GN’R themed gaming area equipped with slots, video poker/blackjack, etc.

Mediarex and GPI CEO Alex Dreyfus Putting $4.9M Investment Into Poker To Solidify Its Sporting Position

Alex Dreyfus is on a mission to see poker recognized as a sport, and he’s putting his money where his mouth is. The CEO of Mediarex Sports & Entertainment (the parent company of the Global Poker Index), moved a step closer to realizing Dreyfus’ dream of “sportifying” poker this week thanks to a cash injection […]

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Postman wins A 2.6MILLION lottery jackpot but will keep his job delivering letters

Matt Evans, 35, from Barry in Glamorgan, will take a holiday from the 11-hour shifts and return as the richest postie in the land Matt Evans, 35, will take a four-week holiday from the 11-hour shifts and return as the richest postie in the land. Matt said: “I am not planning on going back to work for the next four weeks but I love my job.

Myrtle Beach man finds $1 million Powerball winner in stack of old lottery tickets

A local man came forward last week at a Carolina Forest Scotchman and cashed in his $1 million-dollar, winning Powerball ticket after the ticket sat in a stack of others for more than a month. The ticket was sold at the Scotchman at 3225 Postal Way in the Carolina Forest area of Myrtle Beach, and a drawing on June 6 turned the ticket holder into a winner, according to a press release from the South Carolina Education Lottery officials.

Daniel Negreanu Offers Schwartz “Life-changing” Heads-up Match

Daniel Negreanu and Justin “Stealthmuck” Schwartz are, at the time of writing, almost neck and neck in the World Series of Poker Main Event. With 27 players left at the end of Day 6, they sit ninth and tenth, respectively, each hoping to make his mark on WSOP history. But when all that nonsense is […]

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Atlantic City casinos have mixed June; North Jersey expansion efforts stall

Atlantic City’s eight surviving casinos had a mixed June, with four posting year-on-year gains and four posting losses.

Total gaming revenue at AC’s elite eight casinos came to $204.9m last month, not counting the $11.7m contributed by the state’s regulated online gambling sites. Compared to the same eight casinos’ performance during June 2014, this year’s total is up 4.4%. However, add in revenue generated by the casinos that have closed since last June and the numbers are down 9.5%.

The Borgata continued its market-leading run, with brick-and-mortar gaming revenue rising 17.9% to $56.7m. That was nearly as much as the second and third ranked operators combined, as Harrah’s rose 7.3% to $31.2m while Caesars fell 2.4% to $28.2m.

The Tropicana slipped 4.8% to $24.7m, while Bally’s fell 3% to $17.4m. The Golden Nugget posted the month’s biggest gain, rising 19.6% to $17.1m. The Trump Taj Mahal’s recent rescue from bankruptcy wasn’t enough to remove the aroma of failure, as it posted the month’s biggest loss, falling 23.5% to $15.3m. Resorts Atlantic City rounded out the chart with $13.7m, up 19.2%.

Paulding lawmaker on panel studying tax on gambling to fund HOPE scholarship

A Paulding state lawmaker will serve on a study committee considering how to create additional funding sources for the HOPE Scholarship, including taxing casinos and horse racing if legalized in Georgia. District 17 State Rep. Howard Maxwell, R-Dallas, will serve on the seven-member House Study Committee on the Preservation of the HOPE Scholarship Program, which was formed by House Speaker David Ralston, R-Blue Ridge, last week.

New Jersey online gambling market weathers summer doldrums

New Jersey’s regulated online gambling market continued tis winning ways in June, with revenue rising 22.8% year-on-year to $11.7m.

June’s revenue total is 6.5% less than the market generated in May 2015, but hey, it’s summertime and the state experienced a larger (9.5%) decline from May to June last year, so, er, progress! The online casino vertical generated $9,865,000 (+32% year-on-year, -7.5% sequentially) while online poker contributed $1.835,000 (-10.4% year-on-year, -4.4% sequentially).

As ever, the Borgata/Bwin.party/Pala Interactive combo led the pack with $3.55m in total revenue, down around $400k from May’s total. The loss was shared between verticals, with casino down around $250k to $2.6m while poker shed $150k to $950k.

Caesars Interactive Entertainment New Jersey reported total revenue of $2.64m, a slight improvement over the previous month’s $2.6m and just enough to vault it back into second place on the revenue chart. CIE’s casino operations reported $1.75m in revenue while poker contributed $885m, both roughly on par with the previous month’s performance.

32Red strikes deal to acquire Roxy Palace online casino for £8.4m

Gibraltar-based online gambling operator 32Red has struck a deal to aquire rival online casino operator Roxy Palace for £8.4m.

The deal, which was announced on Tuesday, will see 32Red pay £2m in cash and issue 10m new shares at 64p per share to cover the cost of the acquisition. The Malta-licensed Roxy Palace, which is owned by Hyperlink Media Ltd and Applied Logics Ltd, has around 230k registered players and reported earnings of £1.6m on revenue of £10.1m in 2014.

Roxy Palace earns the bulk of its bones from the UK market, although it has a significant presence in the grey markets of Netherlands and Sweden. For the moment at least, 32Red intends to maintain the Roxy Palace brand “along with maximizing synergies where appropriate.” 32Red says it expects the acquisition to be immediately earnings accretive before synergies.

32Red CEO Ed Ware said the acquisition “fits well with our regulated markets growth strategy.” Ware said his firm has “known and respected [Roxy Palace’s] business for many years and share a number of common values.” Both 32Red and Roxy Palace are based on the Microgaming platform, which Ware believes “will aid in making for a smooth integration.”

WSOP Day 49: Thomas Kearney Leads Main Event as Daniel Negreanu Makes Final Table Run

The World Series of Poker Main Event is down to its final 27 players, and at this point, everyone can smell the final table. And while many notables fell on Monday, one of poker’s biggest names is making a bid to make the November Nine and the first Main Event final table of his career. […]

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