Monthly Archives: June 2017

Imperial Pacific to stop reporting monthly VIP turnover numbers

Saipan casino operator Imperial Pacific International Holdings (IPI) is changing the way it reports its monthly VIP gambling turnover, in that it won’t be doing it anymore.

In a filing with the Hong Kong Stock Exchange on Monday, IPI announced that VIP gambling turnover at its temporary gaming venue Best Sunshine Live was “more than US $2.5b” in the month of May. The figure represents an improvement from April’s $2.15b, although by how much the company isn’t saying.

Nor does IPI intend to report such specifics in future filings. Monday’s notice includes the statement that IPI will henceforth announce its specific monthly VIP turnover figure “only when it is less than US $2.5b. Otherwise no announcement will be made therefor.”

The announcement doesn’t explain why the company is opting for this new veil of secrecy, stating only that IPI “will review its business circumstances from time to time and consider to publish monthly gaming net win in due course.”

Australia convicts Poker Asia Pacific’s Luke Brabin of providing illegal gambling

Australian authorities have claimed their first online poker scalp after a poker site operator was convicted for violating the country’s gambling laws.

On Monday, the Southport Magistrates Court convicted Luke Brabin of violating the Interactive Gambling Act, which permits only online sports betting activity to take place in Australia. Brabin was charged last August with providing an illegal gambling service, the first such prosecution of an online poker operator under the 16-year-old Act.

Brabin was charged for activity at his play.pokerasiapacific.com online poker site between April and August 2016. On August 10, Poker Asia Pacific’s Facebook page issued a statement saying it was suspending its services “until pending legal action regarding the Interactive Gambling Act is resolved.”

That message optimistically stated that the site expected to be offline “for 2-3 months” and its operators were “confident of obtaining a positive result given the current landscape of the online poker market.” However, the site remains offline to this day.

Sportsbet ordered to pull Ben Johnson ‘juiced up’ TV advert

Australian online sports betting operator Sportsbet has been told to stop running its controversial television commercial featuring disgraced Olympic sprinter Ben Johnson.

On Monday, Australia’s Advertising Standards Bureau issued a ruling regarding the Sportsbet advert, which featured Johnson promoting the betting operator’s “juiced up” Android app, playing on Johnson’s use of anabolic steroids that led to him being stripped of his 1988 Olympic gold medal in the 100m sprint event.

While Sportsbet had already pulled the ad from live sports broadcasts following complaints by anti-doping agencies and media-hungry politicians, the Board ordered the company to pull the ad from all television and social media channels based on its view that the ad was “contrary to prevailing community standards on health and safety.”

Sportsbet had attempted to argue that the ad’s multiple references to athletes deriving benefits from performance enhancing drugs (PED) were “clearly comical in nature,” but the Board nonetheless determined that the ad had breached section 2.6 of the advertising Code.

Boylesports founder giving up CEO role, mulling deal for 100 UK betting shops

The founder of Irish bookmaker Boylesports plans to step down as CEO and name a replacement from within the family-owned business.

On Sunday, the Independent reported that Boylesports founder and CEO John Boyle intends to resign his chief executive role later this year and transition to a new role as chairman of the company. The 61-year-old Boyle, who has been CEO since 2012, said he was “ready to step back from the frontline.”

Boyle, who founded his company in 1982 by opening a betting shop in County Armagh, said he’d enjoyed handling the CEO’s responsibilities for the last five years but confessed that it’s “not my gig. My gig was retail and going out and finding stores.”

On that front, he’s been more than successful, having expanded the company’s Irish retail footprint by more than 10% in the previous six months, pushing Boylesports’ total Irish retail business to 231 shops.

Mobile’s rapid expansion to take center stage at WrB Africa 2017

Casino may be the biggest player in Africa’s gambling market, but the explosion of mobile users is making the region one of the most attractive markets today.

South Africa, for example, saw its sports and horserace betting markets grow 28.5 percent to R4.4 billion in 2015, according to PricewaterhouseCoopers. Sports betting revenue has quintupled in the past five years, rising to 54% of total betting revenue in 2015 from just 22% in 2011, and PwC expects sports’ share to hit two-thirds by 2020.

PwC expects sports betting, the only legally permissible form of online gambling in the country, will see a 10.7% compound annual growth over the next five years, putting its 2020 revenue projection at R7.4 billion.

And this is where mobile comes in.

US gaming stocks are investors’ flavor of month for 2017

Investors are cherry-picking gaming stocks over the red-hot technology index this year on the back of Macau’s resurgence and couple of good news in the U.S. gambling market.

Las Vegas Review Journal reported that the U.S. Gaming Index is outperforming the Dow’s technology index for the first time in years. The U.S. gaming stocks index is up 22.2 percent from January up to June 2, 2017, beating tech stocks’ 21.5 percent gain.

“There has been increasing interest in gaming versus other sectors in large part because of fundamentals,” Telsey Advisory Group analyst David Katz said, according to the news report. “Companies are generating free cash and have improving balance sheets. We see little in the way of specific risks or negative catalysts.”

The buying spree of casino stocks, according to analysts, is triggered by the gambling companies’ solid revenue growth not only in the U.S. but also in Macau.

Resorts World Manila operator not yet off the hook in Friday’s casino attack

The Philippine authorities has launched a probe into the possible criminal culpability of the operator of Resorts World Manila as President Rodrigo Duterte grapples for answers behind Friday’s casino attack.

GMA Network reported that Philippine Justice Secretary Vitaliano Aguirre II has ordered the National Bureau of Investigation (NBI) to investigate whether casino operator Travellers International Hotel Group should be criminally held liable over the deaths of 36 people during the attack.

Government agencies responsible for approving the building and business permits of the casino operator are also likely to be included in the investigation, according to Aguirre.

“We need to know and to determine the responsibility and the liability, if any, of anyone which made possible the tragic events at Resorts World Manila. Whoever is responsible for allowing this tragedy to occur should be made accountable under our laws and before courts,” Aguirre said in a statement on Sunday. “We will be remiss in our duties if we fail to do so. The Filipino people, the families of the victims and the memories of the innocent victims themselves deserve no less! Tragedies like these should not be allowed happen again.”

Job centre worker wins £1.36m mobile Gladiator jackpot

Winner aims to “give up work” after hitting bonus round on popular Playtech progressive slot

London: June 5th 2017 – A 47-year-old job centre employee and married mother of two children says she plans to “give up work” after a 25 pence spin landed her one of the biggest mobile jackpots ever won on hugely popular Playtech branded slot game Gladiator.

Playing on her mobile after depositing £30 and playing for 25p a spin, ‘Angela’ who is married to a long distance lorry driver and lives in Milton Keynes, triggered the Gladiator bonus round and hit one of the biggest mobile jackpots of the year worth a staggering £1,365,870.02 on bgo.com.

Angela won the staggering prize at just before 8am on Wednesday 31st May, an unusual time for her to play her favourite slot game as she would normally be getting her children ready for school. Last week, however was the half term holidays for the majority of UK school children, and during a brief moment of downtime, decided to log onto her account while her children and husband were still asleep.