Monthly Archives: July 2017

Man sues California Lottery for selling his son $5m winning ticket

A California man is suing the state lottery for refusing to pay his $5m jackpot because his 16-year-old son bought the ticket.

This week, Long Beach resident Ward Thomas sued the California State Lottery Commission for denying him a $5m jackpot he won from a $20 Scratchers ticket last year. Thomas is also suing the owners of the gas station where the winning ticket was purchased.

According to the lawsuit, Thomas went to the Los Altos Mobil station last October with his 16-year-old son Benjamin. Thomas asked his son to go inside and redeem a dozen winning scratch tickets worth a total of $330. Thomas also asked his son to pick up some more Scratchers with the winnings.

Benjamin did as he was told, buying five new Scratchers and taking the balance of the original winnings in cash, while his father waited outside. When Thomas and his son got home, they scratched the tickets and discovered one was a $5m winner.

Marathon launch Russian-licensed sports betting site

Online gambling operator Marathon has launched its Russian-licensed sports betting site but potential customers must be willing to travel in order to register.

This week brought the official launch of Marathonbet.ru, bringing the number of government-approved online sports betting sites to 12. The Marathon brand is well known in Russia and the company has had a local license for some time but is only now getting its online feet officially wet.

As recently as last August, Marathon was expressing reservations about launching a locally licensed online site, in part due to the government’s frenetic approach to gambling regulation, in particular issues dealing with taxation and required payments to sports federations.

All Russian-licensed online bookmakers must process customer payments through centralized hubs known as TSUPIS. Marathon is a member of the Bookmakers Self-Regulatory Organization (SRO), which has a deal with JSC KIWI Bank, a subsidiary of the QIWI Group, to run its TSUPIS.

Mr Green earnings quadruple on new products, lower costs

Swedish online gambling operator Mr Green saw its earnings quadruple in the second quarter of 2017 thanks to new products and a tighter grip on expenses.

In an interim report released on Friday, the Stockholm-based Mr Green reported revenue rising 36.3% year-on-year to SEK 287.8m (US $34.9m) in the three months ending June 30. Earnings jumped 337% to SEK 52.4m as margins improved 12.5 points to 18.2%.

Mr Green continues to lessen its reliance on Nordic markets, which accounted for 33% of the Q2 revenue pie. While Nordic revenue was up 10.3% year-on-year thanks to its Danish market launch and good growth in Sweden and Finland, Western European markets shot up 80.5%, boosting the region’s share of overall revenue to 41%. Central, Eastern and Southern European market revenue was up 30.2%.

For the first half of 2017, overall revenue rose 31.2% to SEK 564m while earnings more than doubled to SEK 86.6m.

2017 WSOP Main Event Down to Seven, Lamb and Sinclair Fall, Hesp Survives Major Cooler, Blumstein Builds Massive Chip Lead

In front of a worldwide ESPN audience, two players saw their dream of winning poker’s most prestigious title come to an end on Thursday night, as the final nine players of […]

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Report: Madrid rejects Cordish Gaming’s revised casino pitch

Madrid’s regional government has reportedly rejected Cordish Gaming’s second application to build a €3b integrated resort, casting further doubt on whether the project will go forward.

On Friday, El Confidencial reported that the Community of Madrid had rejected the revised proposal Cordish had submitted for its sprawling Live Resorts Madrid, which was to occupy 92 hectares of land near the city’s international airport. The regional government’s main objections reportedly stem from a lingering concern that the project would rely too heavily on gaming.

Cordish’s original proposal last December envisioned a €2.2 complex with a casino, 4k hotel rooms and the usual assortment of convention, retail and dining amenities. This was rejected by local officials as insufficiently diverse to meet the requirements of an Integrated Development Center (CID), a designation that can only be awarded once per decade due to its significant tax and land use advantages.

Undaunted, Cordish submitted a revised proposal in May that added a six-hectare lagoon and artificial beach to satisfy the CID’s requirements for sports and cultural facilities. But Madrid missed its deadline for responding to the bid, claiming that it needed more info from Cordish before making its decision.