Monthly Archives: June 2017

Negreanu Loses Twice, WSOP Addresses Card-Marking Concerns, Colossal Run for Poker’s Newest Millionaire

Wednesday was an eventful day at the 2017 World Series of Poker. Daniel Negreanu dropped a pair of heads-up matches, the Colossus found its million-dollar winner, and WSOP officials explained […]

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Denmark’s retail sports bettors cheaper or luckier than online

Denmark’s regulated online gambling market reported mixed results in the first quarter of 2017, which featured wild swings in sports betting revenue.

Figures released this week by the Spillemyndigheden regulatory agency showed Danish-licensed operators reporting overall sports betting revenue of DKK 517.2m (US $78m) in the three months ending March 31, down from DKK 565m in Q1 2016 and the lowest total since Q2 2015.

The sports betting revenue decline came despite betting stakes remaining relatively flat at DKK 5.3b. On a month-by-month basis, betting revenue swung from a 12-month high of DKK 223m in January to a 12-month low of DKK 137.6m in March.

Mobile channels dominate sports betting revenue, accounting for 52.2% of Q1’s revenue total versus 25.4% for desktop bets and 22.5% for retail wagering. However, land-based venues accounted for 54% of individual betting transactions, suggesting that land-based bettors place significantly smaller wagers – or are just savvier or luckier bettors – than their online counterparts.

DOJ busts Russian crime ring that hacked AC, Philly casino slots

The US Department of Justice has broken up a Russian-led criminal gang whose crimes included illegal poker games and hacking casino slot machines.

Late Wednesday, the US Attorney’s Office for the Southern District of New York announced multiple charges against 33 members of a gang with links to a Russian and Georgian “organized crime syndicate.” Most of the accused have been detained, although five defendants remain at large.

Among the accused is Razhden Shulaya, whom the DOJ identified as a ‘vor’, which literally translates as ‘thief’ but is understood to indicate a high-ranking ‘made’ member of a criminal gang who receives financial tribute from lower-ranking members of the same gang. The term has been loosely compared to the term ‘godfather’ in Sicilian mafia circles.

The ‘Shulaya Enterprise’ reportedly operated illegal poker businesses in Brighton Beach, while extorting gamblers who incurred debts via these illegal activities. The Enterprise is also accused of “efforts to defraud casinos in Atlantic City and Philadelphia by using electronic devices and computer servers to predict and exploit the behavior of electronic slot machines.”

Poker clubs to file fresh petitions before Gujarat High Court

The legal battle to clear the uncertainty over the legality of poker games in the Indian state of Gujarat is likely to be delayed following reports that the poker clubs have withdrawn their original petitions from the Gujarat High Court.

Several weeks ago, the Indian Poker Association (IPA) filed a plea asking the high court for “urgent adjudication” after Gujarat police took down three poker rooms in less than a month. In its petition, the association claimed that poker is a game of skill and playing the game “is an activity that is protected under the right to free trade and commerce, which is guaranteed under Article 19(1)(g) of the Constitution.”

However, GLaw.in’s Jay Sayta reported that IPA’s KN Suresh has decided to withdraw his original petition because “there is no longer any ground to proceed with a criminal application.” The original petition sought protection from the authorities’ “harassment of poker operators,” but the IPA said that no longer applied because the Ahmedabad police commissioner issued a notification on May 2 saying that poker is a game of chance and is not exempted under the Gujarat Prevention of Gambling Act.

IPA, along with six other poker clubs operating in Gujarat, believes that a fresh civil writ petition is the only way to challenge the police’s letter. According to the news outlet, the High Court has allowed the poker clubs to withdraw their criminal applications and file new petitions “to argue their contention that poker is a game of skill.”

Asian Poker Tour announces APT Macau 2017 schedule

Through the years, the APT has visited Asia’s major gambling destination seven times bringing with them their signature structured tournaments. For the first time the APT has joined forces with the MBP group who are recognized for producing large scale poker events in Macau. Last year, the MPB opened their own poker room which has quickly become one of the most popular rooms in the area.

The APT Executive Director Lloyd Fontillas expressed, “We are very excited to return to Macau and host our next big event with Macau Billionaire Poker. Both the APT and MBP share the same goals of promoting and developing the sport by offering top quality events. For our upcoming APT Macau, players can expect nothing less than an intense schedule of highly crafted tournaments. We hope to see everyone come out and experience the fun and thrill that our event has to offer.”

The APT Macau 2017 will run for nine days featuring a HKD 19,800 buy-in Main Event, a Super High Rollers (special event), and 16 exciting side events which includes a HKD 33,000 buy-in High Rollers.

Here is a look at the highlights of the APT Macau 2017 schedule:

New Hampshire exempts bitcoin from money transmission regulations

After months of debate, a bill that exempts traders of digital currencies like bitcoin from New Hampshire’s money transmission regulations is now a law.

New Hampshire Gov. Chris Sununu signed House Bill 436 into law last June 2, more than a month after state senators passed the bill.

First introduced in January, HB436 seeks to create an exemption from money transmission requirements for “persons conducting business using transactions conducted in whole or in part in virtual currency,” which it defines as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.”

The bill enjoyed support from grassroots advocates, but also drew flak from state officials who blasted the proposal during public hearings. Despite this, HB436 cleared the House of Representatives by a 180-170 margin in March and passed the State Senate by a 13-10 vote in April.