Tatts boss Robbie Cooke had the spit and polish out to present the company’s full year results in the best light possible light on Thursday – it failed to distract Tatts watchers’ from the latest shareholding “oversights” of veteran board member, Brian Jamieson . Slipped in among Tatts financial announcements was the news that Jamieson has had a bit of trouble accounting for his shareholding interests in the lottery and wagering shop.
Monthly Archives: August 2015
NJ Lottery officials still investigating cause of massive outage
The exact cause and circumstances of a five-day outage that blocked nearly half of New Jersey’s lottery retailers from selling printed tickets like Pick 3 and Mega Millions earlier this month are still a mystery.Powerball, New Jersey, Systems Problem, Retailer, Technology, Investigation, Ticket Machine, Multi-State Game, Northstar NJ
Macao Gaming Show fills three quarters of exhibition space with three months to go
The Macao Gaming Show has confirmed that 75% of its exhibitor booth and stand space for the 2015 edition has been sold. With three months still to go before the doors open to the Asian gaming industry’s primary exhibition, the three-quarters full mark was passed weeks earlier than the corresponding landmark last year.
Real Gaming Breaks New Ground In iPoker Market
Real Gaming, an online poker site backed by South Point Hotel Casino and Spa, is one of the two online poker sites operating in Nevada at the moment. Co-founder Lawrence Vaughan tells Rebecca Liggero how the site’s proprietary HTML5 platform gives them an advantage in the online poker market.
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Lottery Rewards to Locate In New York BizLab
Lottery Rewards announced it is locating in the New York BizLab business accelerator in downtown Schenectady this fall, the company announced today. Lottery Rewards bills itself as the first national second chance lottery gaming company.
Coral partner with Newcastle United; West Brom pick Sportego as fantasy partner
UK betting operator Coral has inked a sponsorship deal with Newscastle United FC.
This week, Coral announced it had signed on as the Magpies’ official betting and gaming partner, replacing Asian-facing operator 138.com. The two-year deal will see Coral’s logo splashed all over St. James Park, including on betting kiosks situated throughout the stadium. Newcastle fans will also enjoy exclusive online betting offers and promotions.
Newcastle’s partnership point man Dale Atchinson says he expects team supporters will get “great value” from the tie-up, while Coral brand director Matt Prevost applied a fresh layer of lip balm before kissing those fans’ backsides and dubbing them “the most passionate and knowledgeable in the country.”
Coral appears determined to spend every last penny of its marketing budget before the Gala Coral Group officially merges with Ladbrokes and decisions get made elsewhere. So far this year, Coral has inked partnerships with fellow English Premier Leaguers Fulham and Norwich City, to go with the Everton partnership Coral inked last year.
CHRB Approves 2016 California Race Dates
After multiple months of delays for negotiations, the 2016 racing calendar for the Northern and Southern California circuits was approved by the California Horse Racing Board Aug. 20 at Del Mar.
Rank Group sees significant growth across company brands
The bingo club and casino operator Rank Group has set its sights on further growth as it announced strong set of results and profit growth across all brands in the year to June 30.
Henry Birch, Chief Executive of the Rank Group, announced a full year group revenue amounted to £738.3m ($1.2b), up 4% from the £707.7m posted during the previous 12 months.
The company enjoyed 21% surge in digital revenue, while operating profits in its digital division climbed 14% to £3.1m despite the UK’s 15% point of consumption tax on online gambling that has cost the group £6.6m since its introduction in December.
Rank’s brick and mortar businesses Grosvenor casinos and Mecca bingo clubs also saw growth in revenue, up by 8% to £423.4m and 2% to £289.6 respectively.
Tropicana sale to Penn approved by gambling regulators
Nevada gambling regulators say Penn National Gaming’s $360 million purchase of the Tropicana Las Vegas hotel and casino can move forward. The state’s five-member Gaming Commission voted unanimously Thursday to approve the deal for the 58-year-old casino.
Oh Sh*t! It’s not the 90s Anymore! Managing Crisis in a Digital Age
Warren Buffet once said, “It takes 20 years to build a reputation and five minutes to ruin it.” Today, a business is at risk of a situation that can jeopardize its reputation in just a few seconds with a click of a button. Imagine how this single click can maneuver a digital wildfire, spread across your industry and the public, grow and burn every bit of what you have worked hard for years. Not a good sight, right?
This is the dilemma organizations face today and yet, there are still too many companies that don’t have an existing management plan to protect and rebuild its reputation once a crisis strikes. In a world where everything spreads quickly, you should know that FAST is the name of the game. Here are tips on how you can manage a crisis in the digital age:
Assess the issue
When a situation affecting your organization, your stakeholder or the public takes place online –let’s say it’s a negative post about your service shared a hundred times on Facebook– the first thing you should do is get the FACTS. There are plenty of trolls out there and you want to make sure that what you are dealing with is/are ONLY the fact/s.
CHRB Delays Any Action on Third-Party Lasix
A three-year effort to employ third-party administration of the race-day medication furosemide in California was delayed significantly at a California Horse Racing Board meeting Aug. 20 at Del Mar.
Jess's Dream Entered for Monday at Spa
Three weeks after his younger half sister beat him to the punch, 3-year-old Jess’s Dream will debut in a 1 1/8-mile maiden special weight race Aug. 24 at Saratoga Race Course.
Calling The Clock: Haxton Comes Clean, Hastings Hired and Much More
Lee Davy brings you a quick recap of all the weeks poker news including Isaac Haxton owning up to knowledge that Brian Hastings was using the NoelHayes account, a million bucks lands in the bank account of Omar Zazay, and much more.
The NoelHayes saga continues to motor along like Little House on the Prairie. Three plot twists to speak of, the first involving one of the most respected people in poker.
PokerStars Team Online sponsored pro, Isaac Haxton, has been revealed as the PokerStars pro who was aware that Brian Hastings had been playing on PokerStars, from the U.S., using the NoelHayes account.
David ‘Bakes’ Baker was the player who spread the news that a PokerStars player was involved before directly naming Haxton as the culprit. Haxton returned fire with a statement on 2+2 where he said that he only became aware that Hastings was using the account after the three-time World Series of Poker (WSOP) bracelet holder reached out to him via Skype on the last Sunday of SCOOP.
5 Poker Lessons From An Astronauts Guide to Life on Earth by Chris Hadfield
Lee Davy dissects An Astronauts Guide to Life on Earth by the Canadian astronaut Chris Hadfield and finds 5 tips that can improve your poker game.
Chris Hadfield is not only the author of An Astronauts Guide to Life on Earth, and the first Canadian to ever walk in space; he even out Bowied David by singing Space Oddity from the International Space Station (ISS) and turning it into a video that has been seen by millions of people around the world.
He is a great man. He wrote a great book. I highly recommend it. Here are 5 lessons from Hadfield that I think will improve your poker game.
1# Create a Better You
Sands China seeks Parisian delay; MGM Cotai stays on target; SJM VIP room closes
Casino operator Las Vegas Sands won’t make its original deadline for opening its new Parisian Macao resort casino.
LVS’ Asian division Sands China reported its H1 earnings last week, and the report contained a warning that its in-development $2.7b Parisian property on Macau’s Cotai strip might not meet its April 2016 opening target.
That’s a problem, as the company is required to meet that deadline or risk forfeiting its concessions on the land underneath the resort as well as its Sands Cotai Central resort. This would result in Sands losing the ability to operate any facilities on these properties and force it to book a charge covering all or some of the combined $6b in capitalized construction costs related to these two properties.
On Wednesday, Sands China told the Macau Daily Times that it had applied to the Macau government for an extension on this deadline. The company now hopes to open the Parisian sometime in the second half of 2016.
Officials: New Jersey lottery outage unacceptable; investigation ongoing
The exact cause and circumstances of a five-day outage that blocked nearly half the state’s lottery retailers from selling printed tickets like Pick-3 and Mega Millions earlier this month are still a mystery, but a few determinations are unanimous. The blackout, although anomalous, was unacceptable, may have been detected sooner and should have been handled better, state officials and executives from Northstar New Jersey, the group responsible for the lottery’s sales and marketing, said at a meeting Thursday.
TOBA Dinner Honor for Claimer St. Borealis
The committee narrowed down three finalists, and ultimately selected St. Borealis as the inaugural Claiming Crown Horse of the Year.
Sheer Drama Works Toward Personal Ensign
Sheer Drama, winner of the Delaware Handicap (gr. I) in her previous start, breezed five furlongs in 1:00.50 on Thursday, Aug. 20 at Gulfstream Park in preparation for a start in the Personal Ensign Stakes.
Kangwon Land avoids worst effects of South Korea’s MERS outbreak
South Korea casino Kangwon Land managed to boost revenue despite a sharp decrease in tourism following an infectious disease outbreak.
Kangwon Land, the only one of South Korea’s 17 casinos that allows local residents to gamble, reported revenue up 9.3% year-on-year to KRW 389b (US $328.2m) in the three months ending June 30. All but KRW 10.2b of the property’s revenue came from gaming. Operating profit rose 19.7% to KRW 148b but net profit fell 3.2% to KRW 97.4b ($82.2m).
Profits were undone by KRW 23b in non-operating costs, a nearly tenfold increase year-on-year. Slightly less than half this sum came via additional tax costs following a tax probe at the end of last year, the result of which the company has appealed.
Apart from these one-offs, casino metrics were solid, with casino visits up 4% year-on-year to 723k, the third straight quarter of increased traffic. Table drop was up 7.3%, drop per customer rose 3.2% and hold rate improved 0.2 points to 23.2%. All gaming segments posted gains, with slots up 13.8%, VIP gaming up 13.5% and mass market tables up 3%.
5 Ways to Make Constraints Work For You
Lee Davy takes a look at five ways in which constraints can be viewed in a more optimistic light to help you improve your poker game.
1# Basketball Shot Clock
I am from the UK. That means I have a stiff upper lip, drink copious amounts of tea, and no fuck all about basketball. But each time I watch it I get excited. And it has nothing to do with the excitement of seeing a little white dude trying to compete with all of these 12-feet black guys (man I would not like to be that guy in the showers). It’s the 24-second shot clock.
Without that clock, basketball would lose something. There are people who could view that clock as a constraint. I view it as a great way to inject excitement into a game, which in turn broadens the game’s appeal. Do you see players complaining about the shot clock? It’s part of the game. Somewhere in the annals of time they adapted.