Monthly Archives: July 2017

Absolute Poker’s Scott Tom Accepts $300K Plea Deal to Avoid Jail as Feds Wind Down Black Friday Cases

Scott Tom, former Absolute Poker president and Black Friday defendant, apparently has reached a plea deal with US prosecutors that will see him facing minimal jail time, if any at […]

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Meet the Players at the 2017 WSOP Main Event Final Table: One of These Guys Is a Future World Champion

Players from North America, South America, and Europe at the 2017 WSOP Main Event final table are making it a true “World” Series of Poker. Nine people, including four Americans, […]

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South Korean casinos eagerly await end to Chinese tourism spat

Gongzi Jeju, the newest foreigners-only casino on South Korea’s Jeju island, held its official grand opening on Sunday.

The Gongzi Jeju Casino, which is based within the Ramada Plaza Jeju Hotel complex, held a “pre-launch gala ceremony” in April following the completion of a lengthy renovation and rebranding from its previous identity as the Ramada Plaza Jeju Casino.

The new property boasts a 40k-square-foot gaming floor featuring 45 gaming tables and 24 electronic gambling machines. The official launch party (see video at bottom of page), which was bumped from its original June 26 date, saw invited guests treated to a lion dance, laser show, K-pop singers and a gala dinner.

Gongzi Jeju chief operating officer Lysa Evans said the property owner’s vision was “to create a gaming experience in a location that was accessible, with fantastic natural scenery and relaxing entertainment.”

Philippine lottery to cut police funding over ‘anemic’ illegal gambling crackdown

The Philippine lottery administrator is cutting funding for local police due to the force’s “anemic” efforts to stamp out illegal gambling operators.

Last October, the Philippine Charity Sweepstakes Office (PCSO) announced that it was teaming up with the Philippine National Police (PNP) to eradicate the illegal jueteng operations that compete with the PCSO’s official Small Town Lottery (STL) operations.

In exchange for this crackdown, the PCSO agreed to divert 2.5% of its STL revenue to the PNP. From January to June of this year, the PCSO’s contribution to PNP budgets amounted to over P154m (US $3m) but the flow of STL funds could be dramatically slowed by October.

On Wednesday, the Manila Bulletin reported that the PCSO planned to cut its PNP funding by at least 50% due to what PCSO general manager Alexander Butan described as the PNP’s focus on the minnows of illegal numbers game operations – money collectors and players – rather than the organizers.

Dutch court upholds regulator’s right to fine online gambling sites

The Netherlands’ top court has upheld the right of the local gaming regulator to impose hefty fines against international online gambling operators.

On July 13, the District Court in The Hague ruled that the Kansspelautoriteit (KSA) regulatory body was within its rights to impose six-figure fines against two internationally licensed online gambling operators for doing business with Dutch punters without the KSA’s authorization.

The fines in question included a €180k penalty levied against Malta-licensed Co-Gaming Limited (then operating as ComeOn Europe) in 2015, and a combined €150k bill issued to the Gibraltar-licensed Mansion Online Casino Ltd. and ONISAC Ltd. the previous year.

The companies are believed to have already paid the fines but chose to appeal their cases to the District Court. It’s unclear whether either company will attempt a Hail Mary appeal to the Netherlands’ Council of State, the last remaining avenue of appeal in the country’s legal system. Regardless, the KSA issued a statement expressing pleasure that the Court had supported the regulator’s policy, which it claimed was “in the interests of the consumer.”

Betsson acquisitions drive 69% Western Europe market growth

Nordic online gambling operator Betsson AB enjoyed double-digit growth in Q2 2017, as its Western European operations improved by more than two-thirds.

Figures released Wednesday by the Stockholm-based Betsson showed the company’s revenue rising 26% year-on-year to just under SEK 1.12b (US $142m) in the three months ending June 30. Operating income was up 31% to SEK 207m while net income gained 27% to SEK 186m.

Betsson’s organic revenue growth was a more modest but still impressive 15% once you discount gains from the recent launch of its Spanish-facing StarCasino.es site and the acquisitions of the UK-facing NetPlay TV and race betting business RaceBets.

Those acquisitions helped boost Western European market revenue by 69% year-on-year, compared to 28% growth in Betsson’s core Nordic markets. Western Europe now accounts for 30% of Betsson’s overall revenue, with the Nordics’ share slipping to 47%. Central, Eastern Europe and Central Asia (CEECA) markets constituted 19% of the pie, although this figure shrunk 15% year-on-year.