Monthly Archives: January 2016

Steve Wynn shells out $31.9M for more Wynn Resorts shares

Steve Wynn is digging deep into the coffers once again for Wynn Resorts.

A filing to the U.S. Securities and Exchange Commission last week reported that the Wynn Resorts Ltd. chairman spent an estimated US$31.86 million to buy more than half a million of his company’s shares on the open market.

According to the filing, eight separate transactions were made between Wednesday and Friday, in which the Wynn Resorts founder bought a total of 572,850 shares at prices ranging between US$53.21 per share and US$59.19 per share. The shares were bought via the Wynn Family Ltd. Partnership, the company stated.

Steve Wynn’s directly and indirectly held stake in the casino operator now amounted to 11,741,477 shares.

State-owned Danske Spil punts on start-up offering pool-betting on stocks

A firm that offers pool-betting on stocks has won over the government of Denmark.

The government-run is taking a punt on stock-market watching as it goes mainstream, starting with Fibetco, a new gambling company for betting on share movements, Bloomberg Business reported.

Fibetco is a Copenhagen-based start-up founded by Jeff Saul, who previously worked at foreign exchange broker Saxo Bank. For his new venture, Saul hired the tech team that developed the third-person shooter game series Hitman to create BetOnFinance, a first-of-its-kind gambling platform for stocks.

On BetOnFinance, punters can wager on the companies that they think will be the day’s top performer, or who will make it to the top three. In addition, players can also decide on the losing companies, according to the news outlet.

State-owned Danske Spil punts on start-up offering pool-betting on stocks

A firm that offers pool-betting on stocks has won over the government of Denmark.

The government-run is taking a punt on stock-market watching as it goes mainstream, starting with Fibetco, a new gambling company for betting on share movements, Bloomberg Business reported.

Fibetco is a Copenhagen-based start-up founded by Jeff Saul, who previously worked at foreign exchange broker Saxo Bank. For his new venture, Saul hired the tech team that developed the third-person shooter game series Hitman to create BetOnFinance, a first-of-its-kind gambling platform for stocks.

On BetOnFinance, punters can wager on the companies that they think will be the day’s top performer, or who will make it to the top three. In addition, players can also decide on the losing companies, according to the news outlet.

Poker Player Shot at Magic City Casino in Miami After Fight with Off-Duty Cop

A Magic City Casino Miami-based poker player was shot and injured recently, after he resisted arrest inside the gaming property. The man, who hasn’t been named by police, reportedly became violent and aggressive after he was asked to leave the poker room for being drunk. Not taking kindly to the request, he refused to move […]

The post Poker Player Shot at Magic City Casino in Miami After Fight with Off-Duty Cop appeared first on .

Unusual wager volume prompts site to stop bets on obscure Australian Open match

Sports betting site Pinnacle Sports suspended wagers for a mixed doubles match at the Australian Open on Sunday after a suspicious large amount of money came in on the obscure match.

According to The New York Times, the match in question was the first-round mixed doubles game between the pairing of Czech Republic’s Andrea Hlavackova and Poland’s Lukasz Kubot against Spain’s David Marrero and Lara Arruabarrena.

Macro Blume, head of the sportsbook at Pinnacle Sports, told the news outlet that an unusual amount of bets came in for the Hlavackova and Kubot pair about 13 hours before the match started, indicating that the match might be fixed.

“We saw a small number of people placing a large amount of money.” Blume said, according to The New York Times.

Unusual wager volume prompts site to stop bets on obscure Australian Open match

Sports betting site Pinnacle Sports suspended wagers for a mixed doubles match at the Australian Open on Sunday after a suspicious large amount of money came in on the obscure match.

According to The New York Times, the match in question was the first-round mixed doubles game between the pairing of Czech Republic’s Andrea Hlavackova and Poland’s Lukasz Kubot against Spain’s David Marrero and Lara Arruabarrena.

Macro Blume, head of the sportsbook at Pinnacle Sports, told the news outlet that an unusual amount of bets came in for the Hlavackova and Kubot pair about 13 hours before the match started, indicating that the match might be fixed.

“We saw a small number of people placing a large amount of money.” Blume said, according to The New York Times.

Bibiano Fernandes Defeats Kevin Belingon Via Kimura At One Wujie: Dynasty Of Champions (changsha)

23 January 2015 – Changsha, China: The largest sports media property in Asian history, ONE Championship™ (ONE), brought the packed crowd at the Changsha Stadium to the edge of their seats with spectacular world-class mixed martial arts action at ONE WUJIE: DYNASTY OF CHAMPIONS (CHANGSHA). Bibiano “The Flash” Fernandes showcased why he is ONE Championship’s most dominant champion to date with a beautiful submission victory by Kimura over top Filipino bantamweight Kevin “The Silencer” Belingon in the night’s main event.

Visit the official ONE WUJIE: DYNASTY OF CHAMPIONS (CHANGSHA) photo gallery click here.

In the main event of the evening, ONE Bantamweight World Champion Bibiano “The Flash” Fernandes retained his title with a first round submission win over Team Lakay’s Kevin “The Silencer” Belingon. Fernandes nullified Belingon’s supposed striking advantage by going straight for the takedown. After passing Belingon’s guard and moving into side control, Fernandes worked an armbar attempt into a Kimura, forcing the tap.

In the Changsha Bantamweight Tournament Final bout, Ma Hao Bin quickly locked in a Guillotine choke from against the cage to put opponent Bu Huo You Ga to sleep in just a little over a minute into the first round. Ma wasted no time in looking for the submission which he used to win in the semi-final bout, squeezing tightly until Bu Huo was out. With the victory, Ma Hao Bin was crowned Changsha Bantamweight Tournament champion.

Bibiano Fernandes Defeats Kevin Belingon Via Kimura At One Wujie: Dynasty Of Champions (changsha)

23 January 2015 – Changsha, China: The largest sports media property in Asian history, ONE Championship™ (ONE), brought the packed crowd at the Changsha Stadium to the edge of their seats with spectacular world-class mixed martial arts action at ONE WUJIE: DYNASTY OF CHAMPIONS (CHANGSHA). Bibiano “The Flash” Fernandes showcased why he is ONE Championship’s most dominant champion to date with a beautiful submission victory by Kimura over top Filipino bantamweight Kevin “The Silencer” Belingon in the night’s main event.

Visit the official ONE WUJIE: DYNASTY OF CHAMPIONS (CHANGSHA) photo gallery click here.

In the main event of the evening, ONE Bantamweight World Champion Bibiano “The Flash” Fernandes retained his title with a first round submission win over Team Lakay’s Kevin “The Silencer” Belingon. Fernandes nullified Belingon’s supposed striking advantage by going straight for the takedown. After passing Belingon’s guard and moving into side control, Fernandes worked an armbar attempt into a Kimura, forcing the tap.

In the Changsha Bantamweight Tournament Final bout, Ma Hao Bin quickly locked in a Guillotine choke from against the cage to put opponent Bu Huo You Ga to sleep in just a little over a minute into the first round. Ma wasted no time in looking for the submission which he used to win in the semi-final bout, squeezing tightly until Bu Huo was out. With the victory, Ma Hao Bin was crowned Changsha Bantamweight Tournament champion.

A Punter’s View: IGA Review Exposes Industry In-fighting

The current Internet Gambling Act (IGA) review in Australia should be cause for the industry to rejoice.  Instead, it has exposed a dysfunctional group of businesses unable to see past their own vested interests in order to better serve Aussie consumers.

The Internet Gambling Act was passed in 2001 and has failed to evolve with technological advances and changes in consumer trends.  Wide-reaching, the IGA prohibits online activities such as poker, casino games and in-play betting on sport.  Recently, it’s relevance and enforceability has come under increased scrutiny with the Federal Police refusing to investigate mobile in-play betting apps.

For the wagering industry, the review couldn’t come soon enough.  There are clear, hard-to-dispute issues in our industry that need addressing, namely:

1. Unlicensed operators don’t pay tax or race field fees in Australia, nor do they contribute to ensuring sport and racing integrity.

PokerStars Players Meeting Statement: “We Deeply Regret That we Are Not Bringing Back Any Good News.”

PokerStars players Dani Stern, Isaac Haxton and Daniel Dvoress issue their statement in connection with their 18th January meeting with PokerStars senior management team.

PokerStars players met with members of PokerStars executives to discuss the decision to renege on their agreement to honour Supernova Elite (SNE) and Supernova (SN) 2015 bonuses.

That was on 18th January.

They have since released their statement on 2+2.

PokerStars Players Meeting Statement: “We Deeply Regret That we Are Not Bringing Back Any Good News.”

PokerStars players Dani Stern, Isaac Haxton and Daniel Dvoress issue their statement in connection with their 18th January meeting with PokerStars senior management team.

PokerStars players met with members of PokerStars executives to discuss the decision to renege on their agreement to honour Supernova Elite (SNE) and Supernova (SN) 2015 bonuses.

That was on 18th January.

They have since released their statement on 2+2.