Monthly Archives: June 2016

Thailand, Malaysia stake out early lead in Euro 2016 illegal betting arrest tourney

Asian authorities are off to a roaring start in their bid to stop their citizens from having fun betting on Euro 2016 football matches.

Over the weekend, Thailand police announced they’d arrested 1,192 individuals since Euro 2016 kicked off on June 10. The overwhelming majority of these were individual gamblers, but the police did arrest 15 bookmakers and 13 online gambling operators.

Among those arrested for organizing online betting activity were four South Koreans, which shouldn’t come as much of a surprise, given the hordes of Korean betting operators who in recent years have come to view Thailand as a preferred jurisdiction in which to set up shop.

Over in Malaysia, the country’s Euro 2016 ‘Ops Soga’ operation has arrested 60 football bookies in the tournament’s first week, compared to around 100 such arrests during the whole Euro 2012 event. The latest busts include a sophisticated setup in Kuala Lumpur that targeted both locals and football bettors in neighboring Singapore.

Thailand, Malaysia stake out early lead in Euro 2016 illegal betting arrest tourney

Asian authorities are off to a roaring start in their bid to stop their citizens from having fun betting on Euro 2016 football matches.

Over the weekend, Thailand police announced they’d arrested 1,192 individuals since Euro 2016 kicked off on June 10. The overwhelming majority of these were individual gamblers, but the police did arrest 15 bookmakers and 13 online gambling operators.

Among those arrested for organizing online betting activity were four South Koreans, which shouldn’t come as much of a surprise, given the hordes of Korean betting operators who in recent years have come to view Thailand as a preferred jurisdiction in which to set up shop.

Over in Malaysia, the country’s Euro 2016 ‘Ops Soga’ operation has arrested 60 football bookies in the tournament’s first week, compared to around 100 such arrests during the whole Euro 2012 event. The latest busts include a sophisticated setup in Kuala Lumpur that targeted both locals and football bettors in neighboring Singapore.

GAN ink mystery tribal social casino deal; Foxwoods social mobile numbers spike

Online gaming technology provider GAN has inked yet another mystery social gaming deal with an unidentified tribal casino operator.

On Monday, GAN announced that it had signed on to provide its Simulated Gaming social casino product to “one of the longest-standing Native American casino operators in in the North Eastern United States.” GAN said the identity of the casino operator would be revealed “following the receipt of suitable commercial and/or regulatory consents.”

GAN CEO Dermot Smurfit celebrated his company’s 12th US signing and the fourth deal inked so far this year, which included similarly unidentified tribal casino operators in the “Southwest US” and a “North Eastern regional” market player, as well as Rock Gaming’s Ohio properties.

Back when GAN was still known as GameAccount Network, it used to supply Simulated Gaming to Connecticut’s Foxwoods Resort Casino but the companies agreed last September to a “managed exit” from their relationship. (Guess ‘conscious decoupling’ was already taken.) Foxwoods went on to ink a social casino deal with Novomatic Group subsidiary Greentube.

GAN ink mystery tribal social casino deal; Foxwoods social mobile numbers spike

Online gaming technology provider GAN has inked yet another mystery social gaming deal with an unidentified tribal casino operator.

On Monday, GAN announced that it had signed on to provide its Simulated Gaming social casino product to “one of the longest-standing Native American casino operators in in the North Eastern United States.” GAN said the identity of the casino operator would be revealed “following the receipt of suitable commercial and/or regulatory consents.”

GAN CEO Dermot Smurfit celebrated his company’s 12th US signing and the fourth deal inked so far this year, which included similarly unidentified tribal casino operators in the “Southwest US” and a “North Eastern regional” market player, as well as Rock Gaming’s Ohio properties.

Back when GAN was still known as GameAccount Network, it used to supply Simulated Gaming to Connecticut’s Foxwoods Resort Casino but the companies agreed last September to a “managed exit” from their relationship. (Guess ‘conscious decoupling’ was already taken.) Foxwoods went on to ink a social casino deal with Novomatic Group subsidiary Greentube.

WSOP Day 19 Recap:  Ian Johns Wins Second 2016 Bracelet, POY Race Is On

Ian Johns just became a serious contender on WSOP Day 19. The Washington state resident joined some elite company by winning his second bracelet of the summer, and third overall. Jason Mercier is the only other multiple bracelet winner so far this year. On Sunday, Johns took down Event #28, the $10,000 Limit Hold’em, for […]

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Attack drains $60M worth of ether from DAO

The leaderless ethereum project lauded for its “immense cash reserves,” is now on a mad dash to recover close to $60 million worth of ether stolen from one of its wallets.

Ethereum, as we all know, is built on the same system that powers its cousin bitcoin—the blockchain, which makes use of cryptography to hold and spend money instead of the traditional bank or credit card companies. But unlike its cousin, ethereum pushed the blockchain even further by allowing developers to build codes on top of a blockchain ledger.

The idea is experimental, but it has managed to catch the attention of some of the virtual currency’s biggest investors. The DAO, which stands for the distributed autonomous organization, is the “leaderless organization” that has managed to raise $1602 million worth of ether.

But DAO’s success has also caught the eye of someone else. Someone more sinister.

Attack drains $60M worth of ether from DAO

The leaderless ethereum project lauded for its “immense cash reserves,” is now on a mad dash to recover close to $60 million worth of ether stolen from one of its wallets.

Ethereum, as we all know, is built on the same system that powers its cousin bitcoin—the blockchain, which makes use of cryptography to hold and spend money instead of the traditional bank or credit card companies. But unlike its cousin, ethereum pushed the blockchain even further by allowing developers to build codes on top of a blockchain ledger.

The idea is experimental, but it has managed to catch the attention of some of the virtual currency’s biggest investors. The DAO, which stands for the distributed autonomous organization, is the “leaderless organization” that has managed to raise $1602 million worth of ether.

But DAO’s success has also caught the eye of someone else. Someone more sinister.

Aquis tables $307M Canberra casino makeover plan

Tony Fung’s Aquis Entertainment has made a case for an AUD307 million (USD228.84 million) plan to revamp the Canberra Casino.

The business case, which will expand the casino’s leisure and night life offerings, was submitted to the ACT government. This is the second step in the application process: the ACT government previously announced that Aquis’s concept submission “met all requirement of the first stage of the government’s investment proposal guidelines.”

Aquis acquired the Canberra Casino—a local gaming facility lacking a “wow factor”—for AUD 6 million in 2015, and immediately invested AUD14 million to give the casino a complete makeover. The two-stage revamp includes plans to build VIP and mass gaming facilities, six-star villa accommodation, a five-star hotel, retail food and beverage and a shopping mall. Aquis also eyes building a 3,300 square meter extension to the National Convention Center.

The casino operator is eyeing to lure additional 700,000 visitors annually with the casino overhaul, “shifting from a predominantly local catchment casino today, to one patronized more heavily by interstate and international tourists.”

Aquis tables $307M Canberra casino makeover plan

Tony Fung’s Aquis Entertainment has made a case for an AUD307 million (USD228.84 million) plan to revamp the Canberra Casino.

The business case, which will expand the casino’s leisure and night life offerings, was submitted to the ACT government. This is the second step in the application process: the ACT government previously announced that Aquis’s concept submission “met all requirement of the first stage of the government’s investment proposal guidelines.”

Aquis acquired the Canberra Casino—a local gaming facility lacking a “wow factor”—for AUD 6 million in 2015, and immediately invested AUD14 million to give the casino a complete makeover. The two-stage revamp includes plans to build VIP and mass gaming facilities, six-star villa accommodation, a five-star hotel, retail food and beverage and a shopping mall. Aquis also eyes building a 3,300 square meter extension to the National Convention Center.

The casino operator is eyeing to lure additional 700,000 visitors annually with the casino overhaul, “shifting from a predominantly local catchment casino today, to one patronized more heavily by interstate and international tourists.”

MGA publishes a Public Consultation Paper dealing with a Policy on Outsourcing in Remote Gaming

In September 2015 the Malta Gaming Authority (MGA) invited interested companies from the licensed remote gaming industry in Malta to participate in its initiative to form a small Joint Working Group (JWG) with officials of MGA in order to consider the regulatory issues surrounding outsourcing in remote gaming, and to propose a set of principles and policy on how the MGA can improve its effectiveness as a gaming regulator in this area that is yet to be addressed in gaming regulation.

The JWG met eight times; discussed a wide array of pertinent and less critical issues, and agreed on a draft policy that was submitted to the MGA for consideration in April 2016.

The MGA thanks the JWG for their work.  It also endorses this draft policy on Outsourcing in Remote Gaming and has adopted it as its own draft.  However, the MGA also appreciates all input and from the widest possible representation of the Malta based industry and other stakeholders that are affected by an eventual adoption of such a policy; them being other regulators in other jurisdictions and indeed outsourcing service providers themselves. The MGA is keen to receive input from everyone, but particularly from the latter two of the stakeholder groups.

The MGA considers the proposals made by the JWG and being here presented to you for consultation and input to be work in progress. The Authority will consider all input. It is guided by its aim at being transparent in policy decision-making and to be a more effective regulator while allowing the industry to flourish without compromising its core values and principles of preventing crime and protecting consumers in the gaming sphere under its governance. The MGA considered the proposals made by the JWG to attain that balance.

Success Dragon backs out from Vietnamese hotel share acquisition

Gaming solutions provider Success Dragon Holdings Ltd. has permanently shelved its plan to expand its operations in Vietnam through a 45-percent share acquisition of a five-star hotel in the Southeast Asian nation.

In a disclosure to the HongKong Stock Exchange, Success Dragon announced that it is terminating its plan to acquire the entire issued share capital in Vabis Building Consultants and Engineering Ltd, which would have given it a 45-percent stake in a company owning One Opera Danang Hotel – a five-star hotel project – and a plot of land in Danang, Vietnam.

The terminated deal also includes the electronic gaming machine club operated in the premises of the hotel.

The reason for the cancellation of the project, according to the HongKong-listed company, was due to the fact that the vendor – My Ngoc Nguyen – had “difficulty in obtaining the requisite consent for the implementation of the [asset] reorganization.”