Monthly Archives: September 2015

Aaron Mermelstein Wins WPT Title No.2 at Maryland Live

Aaron Mermelstein has won his second World Poker Tour Main Event title in successive years after beating 337 players to the punch in the inaugural event at Maryland Live.

Aaron Mermelstein joins an exclusive club of two-time World Poker Tour (WPT) Main Event champions after securing victory in the inaugural WPT Maryland Live event.

Mermelstein was cashing in only his third WPT, and he has now won two of those. Last year, he topped a field of 989 entrants to capture the $712,305 first prize at the WPT Borgata Winter Poker Open, and his win in Maryland makes it title number two.

[Image Credit: CardPlayer]

New Jersey introduces seal of approval for authorized online gambling sites

New Jersey gaming regulators have introduced an official seal of approval for state-licensed online gambling sites.

On Tuesday, New Jersey’s Division of Gaming Enforcement (DGE) posted a notice indicating that all state-licensed online gambling sites would henceforth display an official seal of approval. The seal (pictured enlarged as well as its position at the bottom of the BorgataCasino.com homepage) indicates that the site in question is “Licensed & Regulated” by the state.

Regulated market advocates have long championed the introduction of such a display, due to what they perceive to be confusion among the state’s residents as to which sites serving the market had the state’s official blessing, which some have credited with contributing to the regulated market’s lackluster performance to date.

Whether or not the new seal will remedy this apparent confusion will depend on whether those confused consumers know what the letters ‘DGE ‘represent, or if they can differentiate between unauthorized sites bearing similar logos with acronyms like MGA, KGC, eCOGRA and so on.

Canadian Poker Dealers Pool to Win US$745K Lotto Jackpot

Some Canadian poker dealers got the best tip ever recently: a pooled lotto jackpot win amounting to almost three-quarters of a million dollars in American money. Let’s face it: poker dealers may be the most under-appreciated people at the table, but they have the power to change the fortunes of everyone they meet with the […]

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Bet365 outclasses competition once again as FY15 profit hits £410m

Online gambling operator Bet365 continues to outclass its UK competition, posting a 27% rise in operating profit in its 2015 fiscal year.

The Stoke-based Bet365 reported revenue rising 15% to £1.47b in the 12 months ending March 31, while operating profit rose to £410.2m. Bet365’s owners received a £75m dividend in FY15, down from £95m in FY14. Bet365 is half-owned by CEO Denise Coates (pictured), while brother John holds a one-quarter share.

Unlike its publicly traded Gibraltar-based rivals, Bet365 was already paying tax on its UK online revenue, so the Dec. 1 introduction of the UK’s new 15% online point-of-consumption tax had less of an impact than other UK firms have reported. Regardless, the pace of revenue and profit growth was slower than the company posted in FY14.

The FY15 numbers were boosted by the 2014 FIFA World Cup, leading to a one-third rise in sports betting handle to £34b. In-play wagers accounted for 75% of total sports turnover, while mobile wagering handle rose 59%. Active sportsbook customers grew by 41% to 4.1m, including 2.3m new depositors during the period.