PokerStars, the world’s largest online poker site, is also the sponsor of many major live tournaments. An August 24 post by Brad Willis on the PokerStars blog suggests big changes are on the horizon for those who enjoy competing in live events sponsored by the popular site. Willis went so far as to say this […]
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Though Ontario-sired bonus payments were reduced for 2016, Woodbine and the Ontario Horsemen’s Benevolent and Protection Association said there is no plan to eliminate the program for 2017-18.
The Minnesota Thoroughbred Association enjoyed a record gross for its yearling sale Aug. 22 as total receipts reached $517,350, led by an auction-topping Midshipman filly for $50,000.
Postponed could be bound for the Longines Breeders’ Cup Turf (gr. IT) Nov. 5 at Santa Anita Park should he emerge in good order from a planned run in the Prix de l’Arc de Triomphe (Fr-I) Oct 2 at Chantilly.
The Alabama House of Representatives today blocked a committee meeting that was necessary for Gov. Robert Bentley’s lottery proposal to get on the ballot in the Nov. 8 general election.Legislation, Starting a Lottery, Alabama, Government
Two senators have resigned from the Senate Republican Caucus in the wake of last week’s vote to approve a statewide lottery, citing policy differences and claiming senate leaders violated their own rules in an effort to muscle the bill through.Legislation, Starting a Lottery, Alabama, Government
Imperial Pacific International Holdings is enjoying a robust revenue for the first half of the year, thanks to its small temporary Saipan casino which generated more profit than Melco Crown Entertainment, operator of four large casino complexes in Macau and Manila.
The HongKong-listed casino operator reported a half-year revenue ofHK$3.99 billion (US$ 514.56 million), 95.7 percent of its revenue coming from Best Sunshine Live casino and resort in Saipan.
Profit for the period was HK$837.3 million Hong Kong dollars ($108 million) compared to a loss of HKD168.8 million (US$ 21.77 million) in the corresponding period of last year.
In a filing before the HongKong Stock Exchange, the firm stated: “The turnaround from loss to profit is mainly attributable to the gaming profit generated by the temporary casino which launched its grand opening on November 27, 2015.”
The $1.4B Mactan Leisure City casino plan in Cebu, Philippines is now a step closer to reality after US-based Sino-American Gaming Investment Group and casino junket operator Macau Resources Groupfound a Philippine-based partner.
In a disclosure to the Philippine Stock Exchange on Tuesday, Philippine-listed agri-business firm Calata Corp. announced that has forged an alliance with Sino American Gaming and Macau Resources to create a real estate and investment trust (REIT) for a P65-billion ($1.4 billion), 14-hectare Mactan Leisure City casino resort on Mactan Island, Cebu.
REIT is a stock corporation created primarily for the purpose of owning income-generating real estate assets.
Calata said in the regulatory filing that Sino American Gaming and Macau Resources will initially inject P836.10 million (US$17.98 million) into the project, which includes three luxury hotels, an entertainment complex featuring a full-scale casino, and retail shopping.
24th August, 2016 (London) – iGaming Business, the most respected information provider for the interactive gaming sector, has signed public relations and marketing agency Square in the Air to lead PR for a series of prominent industry events.
The agreement will see Square in the Air become official PR partner for leading iGaming Business events including the iGaming Super Show, as well as the iGB Affiliate event series which includes the Berlin Affiliate Conference, the London Affiliate Conference and the Amsterdam Affiliate Conference.
iGaming Business’ head of operations Shona ODonnell commented: “We are delighted to have signed Square in the Air as the official PR partner for iGaming Business’ biggest events.
“We know the SITA team well, having worked alongside a number of their clients, and formalising our relationship with the industry’s leading PR agency is certain to be beneficial for both sides.”
17August 2016, Philippines In the succession of the Asia edition that drawn 8000 attendees in April at the Suntec Convention Centre, Singapore, the Cards & Payments, E-Commerce Show and Retail World is ready to set the push in revolutionising the digital commerce landscape in the Philippines this September.
Three key event profiles, namely;E-Commerce Show Philippines,Cards & Payments Philippines and Retail World Philippines, will convene to showcase the newfrontier of commerce, payments and retailing, giving insight to attendees on how to leverage innovative and disruptive technology solutions at the exhibition, while keeping pace with the latest strategies and trends at the conference sessions.
Chief of Party, Mamerto Tangonan, fromUSAID E-PESO had this to say about their support for the expo:
“Now is the time for the Philippines to become a cash-lite economy given news that ninety-nine percent of the multi-billion payment transaction volume (per month) are made in cash – according to a study done by the Better than Cash Alliance. Greater adoption of electronic payments by businesses and government agencies will boost the country’s financial stability and expand financial inclusion for all Filipinos.
Elated with their triumphant return to New York, daily fantasy sports sites are making a bid to get legal in the gambling mecca of Nevada.
DraftKings and FanDuel—two of the biggest daily fantasy sports operators today—have reportedly tabled a new bill that would create a “fantasy gaming license” as well as design a system where daily fantasy sports operators could get legal in the state for a licensing fee.
According to the Associated Press, the five-page proposalsuggested a $10,000 annual licensing fee for larger operators and require owners with at least a 15-percent stake in a company to identify themselves to the state—which categorized last fall daily fantasy sports sites as gambling, meaning they have to halt operations if they didn’t have a license.
The short proposal, however, left members of Nevada’s Gaming Policy Committee unimpressed. The committee said the proposal lacks criminal background checks, a necessary step for Nevada’s casino industry to shed associations from organized crime. Nevada officials also wanted to know if DFS will bring jobs and revenue to the state when their proposed licensing fees would only add up to $30,000 a year—not enough to cover the cost of regulating the companies.
Remember when the U.S. Marshals announced several weeks ago that they are planning to auction some of the assets they seized from several cases involving the dark web commerce market Silk Road? Well, the feds pushed through with the plan and emerged with close to $2 million in profit.
Last Monday, a winning bidder claimed 2,700 bitcoin worth $1.58 million at the auction held by the U.S. Marshals Service, according to CoinDesk. The auction required a $100,000 deposit, and only five registered bidders sought to claim the bitcoin block, USMS reps told the news outlet.
If you’re wondering who won the bid, you’re not alone. USMS people said winning bidders can make themselves known if they choose, so of course the winner of the most recent auction will remain a mystery. Previous auction winners include bitcoin exchange itBit, investor Tim Draper and trading firm Cumberland Mining.
This isn’t the first time that the U.S. government auction off the bitcoins it confiscated in the cases involving Silk Road founder Ross Ulbricht. In November, the USMS sold 44,000 bitcoins worth $14.6 million to 11 bidders.
Despite making solid headway in the past several months, it appears that California’s online poker legislation is on its way back to the shelf this year.
Assemblyman Adam Gray’s AB 2863 was expected to be voted on Monday in the California Assembly, but key stakeholder groups—PokerStars, its tribal allies, and advocacy group Poker Players Alliance, among others—failed to come together on a final compromise, which led to the bill being shelved again for another year.
Just like in the past, the sticking point remained to be the definition of a “bad actor,” or a person or company that would be deemed unsuitable to participate in the California’s regulated online poker market. The coalition of hardline tribes led by the Pechanga Band of Luiseno Indians and the Agua Caliente Band of Cahuilla Indians wanted these so-called bad actors to be completely excluded from the state’s market for “ethical reasons.”
The “compromise” version of Gray’s bill stipulated that PokerStars—clearly the tribes’ prime target—would have to be evaluated by California’s gaming regulators when it applies for a license instead of being outright barred via legislation. But the Pechangas and Agua Calientes managed to force an amendment to AB 2863, which once again included the bad actor clause.
This November, between the 12th and 19th, Malta Gaming Week will be on, hosting a large variety of gaming related events and seminars.
From a Welcome Party and Dinner through to a Careers Convention and an Award Ceremony, this busy week is going to see severalstrategic partnerships develop during the series of fantastic events.
Some of the events planned include a BiG Foundation Dinner, a Charity Poker Tournament,an iGaming Education Forum, and SiGMA’s conferences, among others.
The BiG Sports Dinner will be a fantastic night of sports stories and brilliant entertainment, simultaneously raising money to enhance the quality of life of injured, sick or terminally ill individuals around the world, with a focus on the healing power of sport.
Wednesday, 24 August 2016, Budapest – The organizers are proud to announce the newest confirmed speaker, Ivan Kondilenko, who will be among the keynote speakers of the “Hot topics of the online gambling markets in Europe” panel at the Central and Eastern European Gaming Conference(CEEGC 2016) which will take place in Budapest on the 20th of September 2016.
Ivan Kondilenko is a CEO at CASEXE(Bronze sponsor), expert of launching, management and promoting of online casino projects. Ivan has over 10 years of experience in marketing and brand management, allowing him to feel confident in the world of latest trends and innovations related to online gambling. Constant progress and continuous development are the key principles adhered to by the specialist, in business and in the everyday life.
CASEXE is a young and dynamic developer of gambling software. Company launched many successful online casino projects, land based solutions, lotteries and betting shops. Individual approach to each client, together with innovative products, allows CASEXE to stay one step ahead of the competition and offer its clients the best tools for generating revenue in gambling business.
Be sure to save the date and secure your ticket to the CEEGC 2016 Budapest, which will be held on the 20th of September 2016 at the Hilton WestEnd City Budapest Hotel in order to hear Ivan Kondilenko speak about “The effects of Bitcoin in the online gambling market“ in the “Hot topics of the online gambling markets in Europe” panel.
In this interview with CalvinAyre.com’s Rebecca Liggero, Oscar Fonrodona of Akamon explains how land-base and online casinos can effectively tap into the Latin American market.
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In this interview with CalvinAyre.com’s Rebecca Liggero, Oscar Fonrodona of Akamon explains how land-base and online casinos can effectively tap into the Latin American market.
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NEW YORK (Aug. 2016) – The National Hockey League today announced it will incorporate Sportradar’s Fraud Detection System (FDS) into its game-integrity protection systems.
The NHL, which for years has used a variety of security agencies to proactively safeguard and ensure the integrity of its competition, now also will use Sportradar’s Fraud Detection System to monitor global gaming activity and trends across more than 550 operators worldwide in order to pinpoint unusual patterns that could be cause for concern.
Sportradar, a world leader in the detection and prevention of game manipulation and partner to federations, leagues and law enforcement agencies across the globe, will use its Fraud Detection System to monitor all regular-season and postseason NHL games for any potential manipulation.
“While we have the utmost confidence in the integrity of our sports and our games, Sportradar’s Fraud Detection System provides an additional layer of security and protection,” NHL Commissioner Gary Bettman said.
Amid its crackdown on gambling operations that cater to the economically vulnerable portion of the country, the Philippines is now punting on international-facing operators as a new revenue source.
Philippine President Rodrigo Duterte made headlines when he vowed to stop online gambling in the country—a surprise announcement that left the industry and even state-run Philippine Amusement and Gaming Corporation (PAGCOR) unsure on what “online” gambling activities the president was out to close.
The government’s gambling crackdown has already caused one firm to shut down, and to offset the losses it sustained, PAGCOR is opening its doors to casino and betting operators that target non-locals.
PAGCOR CEO Andrea Domingo revealed on Tuesday that the regulator is “readying application forms,” for the licenses that “would be issued for six months initially.”
PokerStars has launched a new tournament format designed to get you to the bubble as quickly as possible and then extended blind levels to create a deeper stacked feel.
The new format begins as a hyper-turbo with a 10,000 starting stack and blinds increasing every three minutes (so far so good if you are a recreational player looking to get lucky fast). The blind levels then expand after the bubble bursts allowing for deeper stacked play.
There are 20 of these things running daily on PokerStars with an associated hyper-turbo satellite structure. Midweek buy-ins range between $0.55 and $33 with an increase to $109 on the weekends.
PokerNews captured the details of the first-ever Bubble Rush event held on Stars. It was a $22 buy-in event with a $10,000 Guarantee. 480 players started the game, and 71 made it into the money, where the blinds increased to 12-minutes. The chip leader had 27bb at the end of the bubble period.