Monthly Archives: August 2015

Contagious Gaming bids for Sportech

Canadian software outfit Contagious Gaming has made a bid to acquire Liverpool-based pools betting operator Sportech.

On Friday, Sportech confirmed recent media speculation by announcing that Contagious was kicking Sportech’s tires. The firm went on to say that any recommended offer – the bulk of which would be made in cash with the remainder in Contagious shares – would come at a premium to Thursday’s closing share price, which valued Sportech at 62.6p.

The proposal is contingent on Contagious being able to secure sufficient financing and a majority of Sportech shareholders thinking it’s a good idea. Sportech cautioned that there’s no guarantee any formal offer will actually be forthcoming. Sportech’s shares rose over 11% to 69.6p on Friday as news of the takeover bid spread.

In the event that a formal bid is made and accepted, Sportech said that its existing shareholders would receive “approximately half” of the potential net proceeds of the company’s long-running back-and-forth legal fight with the UK taxman over a £97m VAT repayment on Sportech’s Spot The Ball game. The balance of any VAT windfall would go to the enlarged Contagious Gaming group.

Wisconsin Poker Prohibition Upheld by Judge, Albeit Reluctantly

Wisconsin poker will have to remain in the realm of tribal casinos for now, after a state judge’s ruling upheld a longstanding but obscure law on the books in the Badger State. A grassroots, player-funded push to legalize poker in Wisconsin has been dismissed by a sympathetic judge, who said that, ultimately, when it came […]

The post Wisconsin Poker Prohibition Upheld by Judge, Albeit Reluctantly appeared first on .

La. lottery revenue grows, nearing $454 million last year

The state lottery corporation announced Wednesday it took in nearly $454 million in the fiscal year that ended June 30. The corporation says that’s up about $3.3 million from the prior year and the lottery’s second-largest haul since operations began in 1991. Lottery President Rose Hudson said in a statement that scratch-off tickets were a revenue-driver, with sales growing 13 percent.

RPT-Investors eye gaming stocks beaten-down by China headwinds

Shares of U.S. gaming companies operating in Macau have tumbled on worries over China but some investors now see them as a buying opportunity, despite a slowing Chinese economy and volatile stock market. Shares in Wynn Resorts Ltd have lost over half their value since last year and those of Las Vegas Sands Corp are down nearly 40 percent from their 2014 high.

@TheDailyPayoff – Trying To Find A Winning Sports Quotient…

Trying To Find A Winning Sports Quotient…

by Joe favorito @JoeFav
With all the sites on the web today clamoring for a voice, as well as traffic, it can be tough to find a niche that can break through. However two Ivy League grads have created a platform built around unique analytics and storytelling that is gaining solid traction, views and attention. Meet The Sports Quotient, a digital media company that provides a platform for intellectual conversation about sports. SQ is home to over 100 analytical young sports writers, led by CEO and Penn grad Zack Weiner, and COO and Yale grad Robert Hess, who is a story in himself as a chess Grandmaster.



We caught up with Hess to find out what makes SQ tick, and how it sets itself apart.



What was the thinking behind launching the site?



The Sports Quotient was officially launched on September 5, 2012. We wanted to form a community of college-aged sports enthusiasts who also excel as writers. In general, the sports journalism field is dominated by older men. But the younger generation is also spearheading the analytics movement, delving deeper into advanced statistics to determine how impactful players truly have been. We wanted to give these incredibly knowledgeable sports writers the voice they deserve. We named ourselves The Sports Quotient because we aspired to be a source of intelligent analysis, a site fans would come to enhance their sports knowledge.



 



What has the response been?



The response has been overwhelmingly positive. We have been well-received by many other publications, and, more importantly, we’ve built an incredible community. Our writers are constantly in communication with one another (they send hundreds, if not thousands, of GroupMe messages every day) and we have nearly 40,000 extremely engaged Twitter followers with whom we are frequently interacting.





You have a wide variety of writers, where do they come from and how do you find such a great flow of contributors?



Our writers and editors (and video analysts and editors) hail from over 70 universities. We have a strong reputation as a company that deeply cares about and respects the writers we bring on. We’ve been thankful to see writers choose The Sports Quotient over other companies because of our dedication to each and every member of our staff.



What type of stories are you most proud of on the site this far?



Interviews are always a great source of pride for us. We enjoy humanizing athletes. On top of that, we’ve published numerous in-depth articles detailing why players might or might not be as good as you think. Writers also use statistics for predictions, analysis of league trends, team performance, historical comparisons, etc. We certainly pride ourselves on analyzing advanced metrics in a way most other sites fail to.
What are the biggest challenges in growing the site?



We’ve faced many challenges these past three years. It’s certainly been difficult to balance friendship and business. On top of the personal challenges, sports media is a crowded market and you have to constantly be thinking of fresh and unique ideas and services to differentiate yourself. It was really hard to build up an initial fan base, craft our own voice. But over time we’ve learned what works and what doesn’t, built a community oriented on teamwork, and dealt with the highs and lows.



You have a unique background in competitive chess as well. How has the strategic side of being a chess grand master help you in the business world?



I think the cliché would be to say that I’m always thinking a few steps ahead. But this isn’t too far from the truth, either. There are always enticing deals that seem like the correct move upon first glance, but when you actually take a step back from the excitement and think about the long term, the deal doesn’t seem quite as sweet. I also think my background allows me to predict what stories will be well-received and helps me adequately prepare before big events.



What has been the most effective way SQ has grown so far?



Word of mouth. Our writers truly love SQ and that often does the job for us – they’re our greatest marketers.
Where and how do you get your information. What sites do you like, who do you like to read in general?



Our writers enjoy the usual suspects: ESPN, Sports Illustrated, Grantland, Fox Sports, etc. For stats and data: Pro Football Focus, 82games, RealGM, etc. Twitter of course helps us learn about breaking news as it is happening. For industry knowledge, we keep up with TechCrunch, VentureBeat, etc. We are always reading and learning.



What advice do you give to young people trying to find their voice in the content world?
Think about what you can bring to the table that’s different. Always consider how is your voice adding value and not creating noise? What do your favorite writers do that you love, and how can you take the best of all worlds?



What’s next for the site and the business? What can people expect to see this fall?
Our football (and futbol) and basketball coverage will be more extensive and in-depth than ever before. Some of our writers are even working on interesting models. We’re going to continue to grow, provide new forms of enriching content, and continue to raise our readers’ SQ.

Idaho woman wins major lottery prize twice in 3 months

Idaho woman wins major lottery prize twice in 3 months An Idaho Falls woman has collected her second big check from the Idaho Lottery in just three months. Check out this story on KREM.com: http://on.krem.com/1Nun80I BOISE, Idaho – While most people would be lucky to win the lottery once, an Idaho Falls woman has collected her second big check from the Idaho Lottery in just three months.

University taking statue of Confederate president Jefferson Davis indoors

Jefferson Davis , president of the Confederate State of America, photograph by Mathew Brady that was subsequently hand-colored The University of Texas said on Thursday it would move a statute of Confederate president Jefferson Davis from the campus to an educational exhibit in response to protests over the public display of symbols of the Confederacy. The university said it would not remove statues of other figures of the Confederacy but said it was considering adding plaques explaining their significance in respect to the U.S. Civil War and the state of Texas.

India’s High Court declares online rummy not gambling

The votes are in. Online rummy is not gambling, at least in India.

On Thursday, the Supreme Court of India finally cleared the air on the issue of online rummy being a game of luck or skills. The Indian Express reported the bench was hearing petitions from clubs and online rummy companies challenging a ruling by a Madras high court that playing rummy with stakes is already a form of gambling.

The Supreme Court, however, ruled that the verdict in question only affects table rummy, not the online websites.

The Indian Express quoted Justices Madan B Lokur and S A Bobde, who said “the judgment in question does not pertain to online rummy.” The justices said online rummy and other card games had yet to be subjected to any court orders questioning their legalities, so the “premature” petitions are not needed.

Nepal shows potential to become the next Macau

Nepal’s gambling industry is thriving, despite not being on the radar of most investors or casino developers.

The South Asian country is practically in the nascent category in the Asian gaming playbook, but experts said that doesn’t stop the daring investors from betting on Nepal’s proximity to India—along with its economic growth and general lack of casino-style gaming in the country—as an attractive investment opportunity.

Grant Govertsen, principal analyst at Union Gaming Securities Asia Ltd., said the developing casino industry in Nepal offers investors access to gaming assets that don’t depend on Chinese players.

In fact, the target of Nepal’s casinos are the middle class residents of its neighboring country—India—who are already familiar with many forms of gambling, but don’t have a place to gamble. In his report, Govertsen said India generates about $10 billion per year in gross gaming revenue, including legal and non-legal types of gambling, and casino and non-casino gambling.

American Gaming Association pushes for cybersecurity law

Casinos are now reaching out to Congress for help in keeping cyber security safe.

In a letter sent to Senate Leaders Mitch McConnell and Harry Reid, the American Gaming Association (AGA) urged the passage of the Cybersecurity Information Sharing Act of 2015 (CISA), which would protect gaming facilities from cyber attacks by encouraging businesses to share information about threats they know about while ensuring privacy is upheld.

Several groups such as American Hotel Lodging Association; American Resort Development Association; Building Owners and Managers Association International; International Council of Shopping Centers; NAIOP, the Commercial Building Development Association; National Association of Real Estate Investment Trusts; National Apartment Association; National Multifamily Housing Council; and the Real Estate Roundtable have also signed the letter.

Multiple casinos have been hit by cyber attacks in the couple of years. In February 2014, Iranian hackers shut down Las Vegas Sands’ website, wiping hard drives clean and stealing some customers’ social security and driver’s license numbers in the process.

Casino Rendering of Public Harbor Walk Unveiled

Harbor walk will link the Wynn Everett Harbor Walk to the Massachusetts Department of Conservation and Recreation’s Gateway Center Park. Wynn Resorts announced on Thursday that its $1.7 billion resort in Everett will feature a 20′ wide scenic public harbor walk that will extend the entire shoreline of the property and connect to the adjacent state-owned Gateway Park.

Lottery bid to preserve town's historic quarter

The proposed works in the town’s Historic Quarter Conservation Area could cost in the region of A 1.5m and would improve the environmental and economic prospects of the area. Middlesbrough Council’s executive has given the green light to the submission of a Stage 1 application to the Heritage Lottery Fund for Townscape Heritage Funding and also the authority making a contribution of A 300,000 for the delivery of the project.

Amaya swings to $201 million Q2 profit on large gain from assets sale

Online gaming company Amaya Inc. swung to a $201.4 million profit in the second quarter of its fiscal year as it recorded a large gain from the sale of assets since last year’s blockbuster acquisition of PokerStars – an online betting site. The Montreal-based company said it earned $1.01 per diluted share for the period ended June 30, compared to a loss of eight cents per share or $7.6 million in the prior year.