Monthly Archives: September 2016

888poker Revamps Live Offerings By Introducing 11-Day Poker Festivals

In recent years, poker festivals have become quite popular. PokerStars perfected the formula on the last two seasons of the European Poker Tour, and since then other outlets have followed in their footsteps. The latest to do so is 888poker, which is revamping its live tournament offerings by introducing 888live Festivals. These 11-day festivals will […]

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Gaming Industry News Weekly Recap – Stories You Might Have Missed

THE AMERICAS

DraftKings convinced investors to pony up $153m in a new funding round; Canada’s national telecom regulator said Quebec’s IP-blocking plans are unlawful; Intertain Group said it would rebrand as Jackpotjoy following its move to the UK; Scientific Games acquired Canadian rival DEQ Systems; someone bought the $3.5b Baha Mar resort but the Bahamas PM isn’t saying who; Carl Icahn rejected a last ditch effort to keep the Trump Taj Mahal open; Fantasy Aces acquired Fantasy Feud’s player database; Lottoland’s Nigel Birrell explained how to entice millennials into playing online lotteries while YWS’ Roberto Coppola warned casino operators not to get so obsessed with millennials that they neglect other demographics and Rebecca Liggero explained why gambling operators need to attend the inaugural eSports & Casino Resorts confab.

EUROPE and AFRICA

888 Holdings said its sports betting product has come of age; Gala Coral Group asked the UK government to cool it with the brutal taxes; Italy decided to give the scandalized Betuniq brand a fresh start; OPAP CEO Damian Cope vowed to improve his company’s sports betting product; Denmark’s regulated gambling market failed to get a Euro 2016 boost; Swedish online operators grew slower than international sites; Kenya imposed new taxes on betting and gambling operators; Rational Group and GVC Holdings won new Romanian licenses while Evolution Gaming announced plans to launch Romania’s first live dealer studio; NYX Gaming Group’s revenue spiked 166% following its OpenBet acquisition; Russia cracked down on gambling operators’ social media accounts; acquisitions boosted Cherry AB’s revenue by 80%; PokerStars launched a YouTube celebrity poker series and teamed with Seven Deuce Gaming on a hybrid poker/casino app; Unibet unveiled its Poker 2.0 product; Phil Galfond announced plans to open his own online poker room and FAST TRACK Solutions’ Christopher Hirst explained how to add live casino to your product mix.

Poker Dog vs. Poker Wolf: New Research Shows Risk-Aversion May Be Evolutionary

Are you a poker player who likes to take risks, or do you prefer to play it safe? As we all know, poker players come in all shapes and sizes. From tight-aggressive to weak and passive, your playing style is often a product of your inherent personality. According to recent research, it might also be […]

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Jimei International profit falls; Macau VIP market may be worse than official stats

Junket investor Jimei International Entertainment Group reported a sharp fall in H1 profits despite a healthy bump in revenue.

On Wednesday, the Hong Kong-listed Jimei International reported revenue of HKD 132.7m (US $17.1m) in the six months ending June 30. The revenue figure is up 18% year-on-year but H1 profit fell 46% to HKD 28.6m thanks to HKD 32m in extra finance costs.

Jimei International is owned by Jack Lam, whose privately held Jimei Group has junket deals with three Macau casinos and also runs the Jimei Casino under an SJM Holdings license.

The publicly traded Jimei International’s focus is on junket activities outside Macau, and struck three such deals last year. The company has a deal to promote 8-10 tables at Crown Perth in Australia, “not less than six” tables at The Star Casino in Sydney, and “not less than seven” tables at NagaWorld in Phnom Penh, Cambodia.