Monthly Archives: August 2017

Problem gambling linked to childhood trauma

A new study linking problem gambling to childhood trauma is muddying the debate over whether nature or nurture plays a greater role in gambling addiction.

A new study of more than 3k male subjects by researchers at the University of Lincoln, UK found that slightly more than one-quarter of subjects who identified as pathological gamblers had witnessed violence in their homes as children.

According to the study, which was published in the journal Addictive Behaviors, around 23% of respondents who identified as problem gamblers – i.e. displaying a less harmful relationship with gambling than their pathological brethren – also reported witnessing violence at home, while the rate for ‘regular’ non-problem gamblers was just 8%.

Similar results were found for respondents who reported personally suffering physical abuse in childhood, with 10% of pathological gamblers reporting being the victim of violence, versus 9% for problem gamblers and 4% for non-problem gamblers.

Bitcoin fork watch: New digital currency takes off post-blockchain split

For the first time in the history of cryptocurrency, a new version of Bitcoin is now being mined. And it’s not as scary as some reports would have you believe.

On Tuesday, a group of miners split off from the main bitcoin blockchain—meaning they started using a new, incompatible software—creating a new cryptocurrency called Bitcoin Cash.

The blockchain split is the culmination of the years-long scaling debate within the bitcoin community as they search for a way to increase the network’s capacity from the original 1MB.

Bitcoin Cash is a project of some of SegWit2X’s original backers who have lost confidence that the proposal, which combines Bitcoin Core’s Segregated Witness and a block size increase, will implement the “2X” part and decided to take the matters into their own hands.

Kenyans don’t support betting tax hike; SportPesa lobbies Uganda

A majority of Kenyans want their government to rethink its new 35% tax on sports betting operators due to fears over what impact the tax will have on local sports teams.

A new survey by Trends and Insights for Africa (TIFA) found that 60% of the 822 respondents surveyed thought the government was wrong to impose a 35% tax on sports betting revenue – up from the 7.5% rate sports betting operators had been paying – while just 22% supported the government’s decision and the remaining 18% were ambivalent.

The new tax rate, which will apply to all forms of gambling in Kenya starting January 1, 2018, was signed into law in June. However, the survey found that 69% of respondents were unaware of the changes, although more than twice as many men were aware of the law than women.

For what it’s worth, the bulk of the 22% who support the tax plan were over 45 years old, and based their opposition primarily on moral grounds.

William Hill revenue up, profit down in H1 despite cost savings

UK bookmaker William Hill is celebrating modest growth across all four of its divisions in the first half of 2017, although profits failed to keep pace with revenue.

Figures released Wednesday show Hills’ overall revenue rising 3% year-on-year to £837m in the 26 weeks ending June 27, while adjusted operating profit dipped 1% to £129.5m and pre-tax profits slipped 7% to £93.5m.

While Hills CEO Philip Bowcock was keen to point out that the revenue gains came despite the previous comparable period containing the bulk of the Euro 2016 football tournament, the profit shortfall is all the more alarming given that the company says it remains on track to reap £40m in savings this year via “marketing efficiencies” and “substantial” cuts in external spending after renegotiating certain contracts.

Overall online revenue was up 5% to £290m. Sports betting revenue fell 1% to £139m despite an 11% bump in betting turnover and free bet offers rising more than one-third. Gaming revenue rode to the rescue, rising 10% to £151m. Mobile channels accounted for 81% of sports revenue (+11 points) and 61% of gaming (+10).

William Hill revenue up, profit down in H1 despite cost savings

UK bookmaker William Hill is celebrating modest growth across all four of its divisions in the first half of 2017, although profits failed to keep pace with revenue.

Figures released Wednesday show Hills’ overall revenue rising 3% year-on-year to £837m in the 26 weeks ending June 27, while adjusted operating profit dipped 1% to £129.5m and pre-tax profits slipped 7% to £93.5m.

While Hills CEO Philip Bowcock was keen to point out that the revenue gains came despite the previous comparable period containing the bulk of the Euro 2016 football tournament, the profit shortfall is all the more alarming given that the company says it remains on track to reap £40m in savings this year via “marketing efficiencies” and “substantial” cuts in external spending after renegotiating certain contracts.

Overall online revenue was up 5% to £290m. Sports betting revenue fell 1% to £139m despite an 11% bump in betting turnover and free bet offers rising more than one-third. Gaming revenue rode to the rescue, rising 10% to £151m. Mobile channels accounted for 81% of sports revenue (+11 points) and 61% of gaming (+10).

Microgaming launches online slot pitched by staff

ISLE OF MAN – Microgaming is buzzing with excitement with the launch of EmotiCoins, an online slot developed through a staff-powered innovation initiative.

Based on the hugely popular emoticon phenomenon, EmotiCoins is a five reel, 30 payline online slot born from an idea pitched by two members of staff, Anna McChesney and Rob Mercer, at the Microgaming Idea Factory, a staff-powered innovation initiative which won The Spark Award 2017.

Anna McChesney, PR Manager for Microgaming, comments: “As a marketer, to me the use of emoticons in social media and communication is fascinating; they have essentially become a universal language! 92% of the world’s online population use emoticons, so developing a themed game would automatically target the demographic of our operators’ players.”

First submitted to the Idea Factory contest in June 2016, Anna and Rob highlighted the use of emoticons in today’s world. For example, including emoticons in Facebook posts can increase the number of likes by 57% and Face with Tears of Joy is the most tweeted emoticon with over 16.5 billion tweets to date*.

Why blue mind brings calm and distruptive thinking to the gambling industry?

In the ever evolving and fast-growing gambling industry, not only C-level but all employees are overexposed to visual and mind stress, facing challenging projects in a short time, suffering the overstimulation caused by desktop screens and multiple screens. So, how to mitigate the frantic days while working in the gambling industry? BtoBet chose to have its head office in Malta not only for the favorable gambling legislation, but also for the therapeutic power of water which, when in close proximity, has been proven to transmit calm and connectivity between people, to increase innovation and insight. Living and working in Malta, surrounded by the Mediterranean Sea, is undoubtedly a big plus.

Since ancient times, humans have ascribed healing and transformational properties to water.  In early Rome, baths were an important part of cultural life, a place where citizens went to find relaxation and to connect with others in a calming setting. Rivers have long been seen as sacred places, and in a number of different spiritual contexts, water has symbolized rebirth, spiritual cleansing and salvation.

Today, we still turn to water for a sense of calm and clarity. Our affinity to water is even reflected in the near-universal attraction to the colour blue. The marine biologist Wallace J. Nichols believes that we all have a “blue mind”; water can heal the mind and the body, and helps to tap into a calmer and creative state of being. 

In this regard, Sabrina Solda’ CMO of BtoBet expressed her vision about “blue mind”.

partypoker LIVE launches €1m GTD Nordic Poker Championships in Prague

partypoker LIVE has announced plans to organise a €1m GTD €2,200 buy-in Nordic Poker Championships as part of the annual poker festivities in Prague, Czech Republic.

#7 of Mike Sexton’s ten-point plan when he joined partypoker as Chairman was to develop partypoker LIVE to become the largest live poker tour in the world.

It seems, when you drill down into the nitty gritty of that plan, expanding their reach into the niche tours is a significant milestone.

Yesterday, partypoker LIVE announced plans to host the 2017 Nordic Poker Championships. It’s a move that’s aligned with the signing of the Norwegian duo of Johnny Lodden and Thomas Udness to help promote the brand in the Nordic regions.

CEEGC2017 Budapest: Jonathan Galea and Eman Pulis to join the cryptocurrency talks

2 August 2017, Budapest: The organizers of CEEGC2017 are are excited to announce two great speakers who will join the Innovation Talks Cryptocurrency panel. Especially since cryptocurrencies and most of all Bitcoin is the hottest topic at this moment.

With all the rumors and debates you could soon be witnessing that your checking account has second account, stocked with an equal amount of a newly created currency. This could happen to many people who hold the bitcoins today.

This is something that need to be taken into consideration, especially that just this week, a new currency called Bitcoin Cash is due to appear, split from bitcoin in a technical maneuver called a “hard fork.” It’s the project of a group that says bitcoin’s keepers are limiting its reach by resisting change.

The creation of Bitcoin Cash is the most striking result yet of a 2-year-old feud over bitcoin’s future. Bitcoin is collectively valued at $47 billion but remains a niche product. Backers of the new currency say it’s necessary if bitcoin is to make a real mark on how the world uses money.

USC looking to return to glory in 2017 as Pac-12 championship favorite

The USC Trojans have not won a conference title in college football since nearly a decade ago when Pete Carroll was their head coach and before the Pac-10 became the Pac-12. However, USC has a legitimate Heisman Trophy candidate in sophomore quarterback Sam Darnold, and the school is expected to win the Pac-12 championship this year as the -110 favorite according to oddsmakers.

Odds courtesy of OddsShark.com

The over/under win total for the Trojans this season is listed at 9.5 with the over -180 chalk. USC is also +135 to make the four-team College Football Playoff field in 2017, and Darnold is a solid +275 favorite to win the Heisman.

The Washington Huskies have a top Heisman contender as well in junior quarterback Jake Browning, who is among the Top 10 choices to win it at +1800. The Huskies ended a seven-year reign by the Stanford Cardinal and Oregon Ducks as conference champions last year by going 12-2 and making it to the CFP semifinals. But Browning and Washington’s offense was shut down in a 24-7 loss to the Alabama Crimson Tide.

Dr. Craig Wright: The Bitcoin community must come together in order to move forward

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Daniel Zakrisson, speaker at Blockchain & Bitcoin Conference Stockholm, to answer 5 key questions regarding crowdsale

On September 7, Daniel Zakrisson, one of Cofound.it’s founders, will share his experience in conducting a successful crowdsale campaign and reveal the ICO opportunities at Blockchain & Bitcoin Сonference Stockholm.

In June 2017, his own Cofound.it platform, designed for investment seeking and startup financing (the project was designed by the team of ICONOMI blockchain project), raised 15 million dollars within the ICO.

According to Daniel, the company got in the active work in a month after the Initial Coin Offering. Cofound.it said that more than 100 projects used their services.

Such a result made the platform founder a well-known figure in cryptocurrency community and a permanent participant of major conferences in New York, Oslo and Miami.

PNIA launch King of the Hill, but what’s the point?

Poker Night in America announces plans to launch a new show called The King of the Hill, but it feels a little pushed and pointless.

In a few hours time, I will take my ten-month-old daughter out of the bath, dry her, dress her, and read her favourite bedtime story. It’s the one where we have to guess the little kitten’s favourite colour. My daughter always claps her hands at the end.

“Again!” She says.

Story.

North Carolina say no to charity poker; CSOP say yes with Florida event

Two different tales of a charitable nature including the North Carolina Governor vetoing a bill to allow gambling in the state to benefit charities, and the Charity Series of Poker hosting an event in Florida to help families who use the Joe DiMaggio’s Children’s Hospital.

I know two things about North Carolina.

Shaggy once sang about it in a terrible song that used to batter my eardrums, and they are not the biggest fans of gambling.

It seems castration and cannibalism are preferred alternatives to having a game of cards in the Old North State.

Doug Polk isn’t joining PokerStars, but fans wouldn’t care if he did

Doug Polk reaches into the Bobby Ewing playbook to poke fun at the largest online poker room in the world as he continues to grow his reputation by bringing down the reputation of others.

When I awoke from my slumber, and my news feed whispered into my ear that Doug Polk had joined PokerStars, I lost all respect for the man. Not because PokerStars isn’t a paragon of par excellence, but because I abhor people who slip one into the enemy after lambasting them for so long.

There was a video.

Was it a lie?