Monthly Archives: August 2016

California shelves plan to regulate digital currency industry

After almost a year of dormancy, Assembly Bill 1326 or the California Bitcoin License bill, was reintroduced in the state Legislature early this month for a second reading by the Senate. Legislators, however, froze the bill’s progress this week by referring the proposal back to the state’s Rules Committee and Banking and Finance Committee.

A representative for the Banking and Finance Committee confirmed the news to CoinDesk, saying, “[the bill] is being delayed for this year.”

AB1326 was first introduced in the legislature by Assembly member Matt Dababneh in 2015. Since then, it had gone on through several amendments both in the assembly and in the Senate.

Members of the digital currency community in California are against the bill, which would potentially create regulations that would control the use and trade of digital currency, just like the New York BitLicense. This could mean that bitcoin start-ups in the state—particularly in start-up hotbed San Francisco—may soon find themselves exposed to more red tape.

Netherlands OKs hunt for illegal skin-betting

Dutch state regulators will now keep a close watch on multiplayer, first-person video game websites as the Netherlands declares skin betting illegal.

EGaming Review Magazine reported that the Dutch Gambling Authority (KSA), which has recently published a Q&A, pointed out that it will not issue skin betting licenses to video game operators, even if no money changes hands.

Despite admitting to have little information on the subject, the KSA has vowed to conduct a relentless crackdown on wagering in-game items as the Dutch law explicitly says that skin betting activities in Netherlands is prohibited.

The KSA, whose hands are tied on the matter, has called on the public to report skins gambling providers.

CEEGC 2016 Budapest Speaker announcement Odeta Nestor, President at The National Gambling Office of Romania

Wednesday, 17 August 2016, Budapest – The organizers are proud to announce the newest confirmed speaker, Odeta Nestor(NGO Romania – ONJN.GOV.RO), who will be among the keynote speakers of the “Hot Topics on the online gambling industry in Eastern Europe” panel at the Central and Eastern European Gaming Conference(CEEGC 2016) which will take place in Budapest on the 20th of September 2016.

With an experience of over 17 years, Odeta Nestor is a good professional in the finance and economic field. She graduated The Bucharest University of Economic Studies – The Department of Finance and Banking, the 1999 class. She is a member of an European professional body, accredited in the economic/financial field since she graduated a Master in Accounting – Body of Expert and Licensed Accountants of Romania (CECAR).

In 2009, she graduated the Master in Communication and Public Relations at The National School of Political Science and Public Administration, followed by a Master in Fraud Investigation at Police Academy “Al. I. Cuza” in 2012 and a Master at National College of Internal Affairs, also in 2012.

She had a leadership/management position within the Romanian National Lottery (Chief Financial Officer) and for 9 years she occupied leadership positions as a Finance Director within companies such as C&D Partner, Olympic Casino Bucharest, Regent World and Monte Calm.

5 Google SEO Guidelines Debunked Courtesy of the Gambling SERPS

This is a guest contribution by Riaan de Jager.  If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you.

The stakes are high when it comes to the top results in organic Google search results. Competition for the top gambling keywords is fierce. Affiliates, operators and SEO agencies all jostle for position and those who work out how to push the boundaries without overstepping the mark will be richly rewarded.

So-called “white hat SEO’s” who are not familiar with industries like gambling will tell you to simply follow Google’s clear webmaster guidelines and you will prosper. They urge you to follow the coding guidelines, write great content so that people will link to your sites and bang! You’ll rank. This type of naïve advice can be extremely frustrating for webmasters who try to step into the more competitive SEO verticals, and you simply won’t get very far if you aren’t prepared to experiment.

I’m not for a minute advocating that you abandon all reason and go totally black hat in your SEO efforts, but a good dose of reality is not a bad idea when it comes to the gambling niche. Many top ranking sites appear to not be paying much attention to the written law of Google.

Goa gov’t jacks up licensing fees for land-based casinos again

Brick-and-mortar casinos in Goa will have to pay to pay more to operate in the small Indian state.

The state government of Goa recently passed a legislation that hikes up—for the third year in a row—the license fees for land-based casinos. According to The Times of India, onshore casinos occupying up to 100 square meters will now be required to pay INR3.50 crore, or a little over USD523,500, every year for casino license fees. Last year, the government charged INR2.50 crore (USD373,900) in license fees for the same area.

For land casinos with a total area of more than 100 square meters up to 300 square meters, they will have to pay INR4.50 crore (USD673,100) in tax, up from last year’s INR3 crore (USD224,300), according to Home Department undersecretary Neetal Amonkar. Additionally, those larger than 300 square meters up to 500 square meters are now mandated to pay INR5 crore (USD748,000).

Fees are also increased for land-based casinos that are sized between 500 square meters and 750 square meters. Instead of INR4.5 crore (USD673,100), the largest sized casinos will now have to pay INR6.5 crore (USD972,500).

Not so fast: Anti-gambling group chases after DFS approval in New York

New York started August on a positive note when it finally allowed daily fantasy sports players to indulge their favorite pastime on a legal basis—a move that ticked gambling critics across the country.

And so, consistent with the notion that you can’t please everybody, Washington, D.C.-based group Stop Predatory Gambling is going to try reversing the newly enacted law. Les Bernal, national director of the anti-gambling group, told Buffalo News that he is considering suing to block the implementation of New York’s new law.

Gambling critics accused New York of not going “by the book” in order to legalize DFS, pointing out that instead of going through a lengthy constitutional amendment process, the state Legislature merely passed a statutory change declaring fantasy sports contests to be games of skill, and therefore exempt from the existing gambling laws.

“There is no single act of New York state government that creates more inequality of opportunity than its sponsorship of predatory gambling,” Bernal said, according to the report.

MGM Resorts boosts China casino stake in $325M deal with Pansy Ho

U.S. casino operator MGM Resorts International is increasing its ownership stake in its China unit to 56 percent, a move that has left analysts baffled given the fragile sense of stability in Macau today.

On Tuesday, the Las Vegas-based casino company announced that it has agreed to acquire 188.1 million shares in its Chinese subsidiary, MGM China Holding Ltd., from CEO Pansy Ho for a sum of $325 million in stock, cash, and deferred cash.

Ho—a member of Macau’s founding gambling family—holds a 27.44 percent stake in MGM China, which will drop to 22.49 percent once the transaction is completed. But in exchange, the executive will receive 4 million MGM Resorts shares, increasing her ownership stake to 4.8 percent.

“As a result of the transaction, the company will acquire an additional 4.95 percent of the outstanding ordinary common shares of MGM China and will own approximately 56 percent of MGM China’s outstanding common shares,” MGM Resorts said in a statement.

Leading Casinos Awards by Casino Bonuses Now

CasinoBonusesNow.com has created their own set of casino awards called Leading Casinos. These awards were created to highlight some of the best casinos online in a crowded marketplace. The main focus of these awards goes to casinos that treat their players the best in every aspect of gaming. This includes excellent customer service, fast cashouts, having fair terms and conditions for players and maintaining a good record when it comes to handling casino player complaints.

●     SlotsMillion

●     Redbet Casino

●     Sports Interaction Casino

3-Barrels: Brunson Robbery Escape; Russian Poker Playing Credit Card Thief; Beth Shak Strip Poker Confession

3-barrels of pure value for you including the 10-time World Series of Poker champion, Doyle Brunson, avoiding a robbery, a Russian uses stolen credit cards to play online poker, and Beth Shak reveals her strip poker playing past.

Doyle Brunson has told his 426,000 Twitter followers that he was close to being robbed at gunpoint a few days ago.

Brunson, who is a regular in the high stakes cash games in Las Vegas, was advised by police that a man was held at gunpoint a few doors down from where he lived with the assailant believing he was robbing a poker player who had $700,000 in cash on him. The man, who wasn’t a poker player, parted with $500 in exchange for the avoidance of a bullet to the head. The robber told his victim he was going to ‘kill his informant’ for the duff information.

Texas Dolly reacted by sending out a message to any prospective thieves of the future. He tweeted to anyone who likes to stick a stocking over their head that he always carries a gun when he walks from his car to his home; has alarms and motion detectors all over his house, and even if they did avoid all of those traps they wouldn’t find any money.

iGaming Education Forum drives key message of Responsible Gaming

Social Responsibility has been confirmed as a top priority on the learning agenda at the first ever iGaming Education Forum, taking place during the SiGMA Conference in November (16/17/18), with key training sessions on compliance across the gaming industry to be delivered by experts from a variety of sectors. The Forum’s organisers, Malta-based iGaming Academy in partnership with SiGMA and the Malta Gaming Authority, have cemented their vision to “grow the industry through education” with the entire first day of the event dedicated to Compliance in iGaming, and focusing on topics such as responsible gaming, anti-money laundering and fraud prevention.

Social Responsibility in Gaming

Explaining their commitment to compliance across the gaming industry, iGaming Academy Director, Jaime Debono, stated: “Ensuring that companies act responsibly and meet their regulatory obligations is crucially important to the iGaming sector and gaming as a whole, not just to safeguard individuals, but to preserve the legacy of the industry too. It’s imperative that social responsibility is highlighted as a priority in the industry which is why our interactive and comprehensive courses are designed and delivered by leading industry experts and made suitable for any employee in a gaming or gaming-related operation, as well as attendees looking to enter into the industry.

“The gaming industry has overcome many pitfalls and prejudices over the years and it’s heartening to see so much progression surrounding the potential harms associated with gambling in the 21st Century. However, there are still areas the industry needs to focus on and develop, which is why we are proud to be dedicating an entire day to compliance and the policies and practices used to promote consumer protection and awareness,” he added. “Backed by over 80 years of gaming experience and with a fundamental aim to deliver the first education driven forum at SiGMA, we are looking forward to driving real change with our comprehensive compliance training programs in November.” 

GAN Reveal The Chickasaw Nation as Their Largest Multi-Property US Client

Online gambling software supplier, GAN, has announced a partnership with the Chickasaw Nation of Oklahoma in a deal that makes them the largest multi-property US client on their books.

The London-based software supplier GAN (formerly GameAccountNetwork) has revealed the identity of their biggest multi-property US client after they advised us of the forthcoming relation back in April.

The new partnership is with the Chickasaw Nation, a federally recognised tribe based in Oklahoma. A large bulk of the tribe’s revenue comes from their 20 casinos/bingo halls, including the WinStar World Casino and Resort in Thackerville. The tribe owns over 20,000 electronic gaming machines and serves over a million customers per year. They are the 12th largest federally recognised tribe in the U.S., and they employ close to 14,000 people in their gambling enterprises.

The deal will see the Chickasaw Nation launch a new social casino using GAN’s simulated gaming platform. The technology will allow them to offer their customers a variety of online gambling skill-based games such as poker, backgammon, gin rummy, and blackjack.

CSGOLounge & Virtus.pro Owned by The Same Company; Wings Gaming Wins Largest Ever eSports Prize in The International

Ethics is once again a boiling point topic in the eSports industry after an investigation uncovers that the same company owns CSGOLounge and the eSports team Virtus.pro, and Wings Gaming wins The 2016 International.

eSports ethics has once again been brought into question after esportsobserver.com revealed that a spot of digging around in Polish company registry files revealed that the parent company of CSGOLounge also owns one of the top Counter-Strike teams Virtus.pro.

CSGOLounge is one of the many third party Counter-Strike skin betting gambling sites that received a Cease & Desist letter from the game creators Valve Corporation in the wake of a series of high-profile incidents that brought the legality of skin betting into the mainstream press.

One of the scandals that became a catalyst for change involved two prominent eSports YouTube stars who regularly filmed themselves winning big and frequently on the skin betting site CSGOLotto. It later transpired they owned the company that they were betting on raising ethical concerns over the potential to cheat.

Chelsea Beat West Ham; England Boss Leaves Betting Firm; Villa Star Tasered to Death

Three stories with an English footballing connection as Chelsea beat West Ham at Stamford Bridge; the England Manager cuts ties with betting firm, and the Dalian Atkinson dies in Taser incident.

It was business as usual during the first weekend of Premier League action. Hull beat the champions Leicester City, and all of the big boys started with victories, the exception being Arsenal who lost a seven-goal thriller to Liverpool.

So the pressure was on as Antonio Conte’s Chelsea side lined up to face a West Ham team that took more points off the so-called bigger teams last season than any other.

N’Golo Kante made his debut at the heart of the Blues midfield. Cesc Fabregas made way for Oscar. And Diego Costa started ahead of the summer signing Michy Batshuayi.

Unibet Announce Bucharest Event; PartyPoker Doubles Partypoker Million Guarantee

Unibet has announced plans to host the Unibet Open in Bucharest and partypoker double their guarantee for the forthcoming partypoker Million in the Caribbean.

Unibet has plugged a gap in their current Unibet Open schedule after announcing plans to host an event in the Romanian capital of Bucharest.

The event will take place 1-4 December, and the Swedish operator believes it could be one of the biggest events they have ever organised after slapping a €500,000 guaranteed prize pool onto the tin – the highest guarantee in the tour’s nine-year history.

Unibet will work alongside Pokerfest Romania to ensure the event is a success. There will be an 800 player cap.

Unibet Announce Bucharest Event; PartyPoker Doubles Partypoker Million Guarantee

Unibet has announced plans to host the Unibet Open in Bucharest and partypoker double their guarantee for the forthcoming partypoker Million in the Caribbean.

Unibet has plugged a gap in their current Unibet Open schedule after announcing plans to host an event in the Romanian capital of Bucharest.

The event will take place 1-4 December, and the Swedish operator believes it could be one of the biggest events they have ever organised after slapping a €500,000 guaranteed prize pool onto the tin – the highest guarantee in the tour’s nine-year history.

Unibet will work alongside Pokerfest Romania to ensure the event is a success. There will be an 800 player cap.

Will Brands Lose Out on First-to-Market Impact in the eSports Industry?

Although news of astounding esports enthusiast and viewership growth is covered on a daily basis, advertising spend is slower than its predecessors’ in traditional sports franchises.  However, experts speculate that brands that get involved in early adopter phase, as rules and regulations are still being founded in esports, will gain more loyalty than later ‘bandwagon’ advertisers.

It’s the classic chicken and egg conundrum.  When surveying 100 various influencers from game developers, publishers, brands, advertisers and legal firms, roughly 70% of them agreed with the sentiment that esports will play a critical role in their business strategies, whether large- or small-scale.  50% of the same group also stated that esports is ‘a platform with a lot of potential, but won’t be mainstream adopted (or sustainable) until the industry is stabilized with regulations and a governing body.’(1)

However, will waiting for the esports industry to fully professionalize cost consumer brands and agencies the first-to-market impact (and following loyalty) within the esports community?

“Esports already is a viable marketing channel for big brands to target an extremely valuable and difficult-to-reach demographic—relatively affluent, young males,” says Brum Blum, Founder of IME Law, and one of the first esports Attorneys. “The problem is many big brands lack a basic understanding of the industry and struggle to engage with the typical esports sponsorships (which heavily involve live-streaming and other less-common activations).”

Is it Time for Bookmakers to Embrace Fantasy?

Bookmakers are constantly on the lookout for new additions and features to both retain punters and attract new ones.

This is ever trickier in an increasingly flooded marketplace. It’s one which shows no signs of clearing out too with numerous sportsbooks popping up this year from casino operators opening their own sportsbooks to the recent launch of Sun Bets.

Real money daily fantasy sports meanwhile is another contender for some of these customers. Whilst the UK hasn’t quite embraced DraftKings in the way that the US did, there are numerous reasons for this not least that there has been relatively little marketing campaigns around it.

In ten months in 2015 FanDuel and DraftKings spent a combined $206m on television ads alone in the States, with the former the bigger chunk of the pie at $131m for 40,283 national airings. Some argued that via this oversaturation they caused their own problems in the US as DFS was put directly under the spotlight. As such it became something regulators could no longer ignore and more research went into it in general.