Monthly Archives: November 2017

The Stars Group rids itself of entire stake in Jackpotjoy

The parent company of online poker giant PokerStars continues to sell off its non-core holdings as it prepares for some hot merger & acquisition action.

On Wednesday, Stars Interactive Holdings Ltd, a subsidiary of the Toronto-listed The Stars Group, announced it would “explore the opportunity” to sell up to half of the nearly 5.6m shares it held in UK-listed online bingo operator Jackpotjoy PLC.

On Thursday, Jackpotjoy announced that Stars had actually sold off its entire stake in the bingo company, reportedly due to “strong investor demand.” Stars raised approximately £45m as a result of this sale, which formally ends its interest in Jackpotjoy, whose shares closed out Thursday’s trading up 1% to 864p.

The Stars Group’s interest in Jackpotjoy dates back over four years to the two companies’ previous corporate identities. Stars, then known as Amaya Gaming, sold its B2C WagerLogic business to Goldstar Acquisition Co, which later morphed into the Intertain Group, which eventually became Jackpotjoy after the 2015 acquisition of the UK-based bingo company of the same name.

UK to ban third-party betting on non-UK EuroMillions lottery

The UK government has made good on its threat to prohibit third-party betting on EuroMillions lottery draws, delivering another blow to online lottery betting operator Lottoland.

In March, the UK Department for Digital, Culture, Media and Sport (DDCMS) launched an open consultation on ‘Prohibiting Third Party Betting on Non-UK EuroMillions Draws.” The consultation followed public complaints from National Lottery operator Camelot, who moaned about Lottoland undercutting its EuroMillions revenue by not matching its higher ticket prices.

On Thursday, the DDCMS released the results of its consultation, while revealing the DDCMS’ intention “to introduce a new license condition to prohibit consumers in Great Britain from placing bets on EuroMillions games which take place outside the UK.”

The DDCMS noted that lottery betting was a relatively recent phenomenon, but felt the returns to good causes from traditional lottery operators could decrease should lottery betting become “widespread.” The DDCMS admitted this assumption was far from inevitable, given the lack of hard data on this subject, but nonetheless remained “concerned” at the possibility.

Silver Heritage still waiting for license to open Tiger Palace casino

Australia-listed casino operator and developer Silver Heritage Group Ltd. is a step closer towards its goal of operating a casino in its new Nepal property.

On Wednesday, Nepal’s Ministry of Culture, Tourism, and Civil Aviation (MOCTCA) awarded a five-star rating to the hotel at Tiger Palace Resort Bhairahawa, Silver Heritage said in a filing. The five-star award, according to the company, will pave the way for the regulatory approval that Silver Heritage needs to finally open the casino at the Tiger Palace.

“The company now has the documentation required to lodge the application to MOCTCA for its existing licensed casino management company, SHL Management Services (KTM) Private Ltd. (SHMK), to operate the casino at Tiger Palace,” Silver Heritage stated.

SHMK is able to operate casinos in different five-star hotels across the country under Nepal’s Casino Rules 2070. Currently, the casino management company operates The Millionaire’s Club and Casino at the Shangri-La Hotel in Kathmandu and the Phoenix International Club near Hanoi, Vietnam.

Becky’s Affiliated: How Blockchain and Bitcoin Cash are set to disrupt Venture Capital

With Bitcoin prices skyrocketing at the moment, it appears all online attention has been funneled into Bitcoin, Blockchain and anything related to the two.  And for good reason.  This revolutionary technology is set to revolutionize the world as we know it, even when it comes to the Venture Capital industry.

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CrownBet drops opposition to Tabcorp-Tatts merger

Australian online betting operator CrownBet has dropped its opposition to the proposed merger of Tabcorp Holdings and Tatts Group in exchange for increased digital streaming rights to racing coverage.

On Thursday, Tabcorp announced that CrownBet had agreed not to apply for judicial review of the Australian Competition Tribunal’s recent approval of the Tabcorp-Tatts merger. CrownBet has also agreed not to pursue further court proceedings following a Supreme Court hearing in New South Wales regarding the companies’ deals with clubs and hotels in the state.

CrownBet, which is (for the moment) majority controlled by casino operator Crown Resorts, had previously expressed opposition to the A$11b merger based on its belief that the enlarged entity would enjoy total control over Australian tote wagering, while also enjoying and retail wagering exclusivity in every state except Western Australia.

In exchange for CrownBet backing off its opposition, Tabcorp has struck a deal to supply a digital stream of SKY1 and SKY2 racing content for the personal use of CrownBet’s Australian wagering customers. CrownBet will pay Tabcorp an unspecified annual sum for these rights.

Gambling.com group issues second convertible bond for EUR 8.9m

The Group has now completed its 2017 fundraising plan, having raised a total of EUR 16.0m.

The proceeds are intended to be used primarily for acquisitions. Along with the first convertible bond issued in February, the Group has now raised a total of EUR 16.0m during 2017, achieving its original fundraising target for the year.

The bond has a final maturity of July 2020 and bears a fixed rate coupon of 10.00%. It will automatically convert to equity, at a discount, during a change-of-control event or an initial public offering (IPO) of the company. The bond will be affiliated to Euroclear Sweden and conversion to equity during an IPO will be processed by Euroclear. The bond will mark the first time that Euroclear Sweden has affiliated a convertible bond from a non-Swedish issuer.

Forty-six different investors participated in the issue with the funds mainly coming from investors based in Sweden. The issue was fully subscribed.

Yggdrasil’s Empire Fortune drops another huge jackpot

November, 2017 – Yggdrasil’s progressive jackpot Empire Fortune has paid out another significant jackpot over the weekend, with one lucky player scooping €1.12m.

The 32-year old Norwegian won the prize pool while playing on Betsson’s mobile site late on Saturday evening.

All of Yggdrasil’s progressive jackpots have been paid out on the mobile channel this year, with the pool’s slots proving very popular with players on the smaller screen. 

This latest jackpot follows the €5.2m prize paid out on the same slot in July, which still stands as the current pool record, as well as the €3.5m jackpot on Joker Millions, Empire Fortune’s pool partner, last month.

QB changes could help or hurt teams on NFL week 13 odds slate

Many fans of the worst teams in the league probably are rooting for them to keep losing in hopes of securing one of the top picks in the 2018 NFL Draft. One of the first true signs of playing for the future is making a quarterback change down the stretch, opting to go with a younger player who will be around next season and needs experience.

Odds courtesy of OddsShark.com

With Week 13 upon us, teams like the New York Giants and San Francisco 49ers have decided to go in that direction as road underdogs and may actually see more support.

Last week, the Denver Broncos made a similar move in giving second-year player Paxton Lynch his third career start, but it backfired in a 21-14 road loss to the Oakland Raiders. Lynch suffered a high-ankle sprain with the Broncos trailing 21-0, and he was then replaced by veteran Trevor Siemian, who has taken the starting job back yet again.

EPL review week 14: Sterling scores late again; Spurs drop to seventh

The final part of a two-part midweek Premier League round-up sees victories for Man City, Arsenal, Chelsea, Liverpool and Burnley, meaning Spurs drop to seventh place after their defeat away to Leicester last night.

Man City 2 v 1 Southampton

There was a time when Raheem Sterling was a joke. Pep Guardiola has turned him into the punch line.

The tests seem to be getting tougher for City, who are now two wins away from setting a new Premier League consecutive win record. The gap at the top is now eight points after City beat Southampton at The Etihad thanks to a last-gasp strike by the man Sterling.

partypoker create digital currency for online satty paths to LIVE events

partypoker has created a new digital currency called partypoker LIVE $$$ in a bid to increase flexibility around online satellite qualifiers for partypoker LIVE events.

Cryptocurrency feels like a distant whistle of a freight train, but it won’t be long before it turns the corner and you will wish you weren’t standing in the way when it arrives.

What’s fascinating, is the lack of noise from the three most significant locomotives: PokerStars, 888Poker, and partypoker. I’m due another nudge, but the last time I poked the three of them, they were all reluctant to share any information on their crypto experiences beyond the usual corporate drivel that’s not worth printing.

If there was a straight out race between the three of them, who do you think would be the first to cross the digital currency line?

Proud and happy Adrian Mateos is the GPI World #1

Adrian Mateos says he is proud and happy after becoming the Global Poker Index #1 after a year that has seen him earn close to $5m and become the youngest ever player to win three World Series of Poker bracelets.

As I walk along the back streets of Tujunga, the decrepit rusted rungs of fire escapes surrounding me like a futuristic hanging garden. I think about my boy.

When I was 16, I decided to watch the clock on the classroom wall move backwards was not my future. I left and found employment with British Rail. I was a boy, frightened, not sure how to fit into the adult world.

My boy has decided to take a different route. He’s staying in school. He’s taking math, physics and business studies. As I leapfrog a fire hydrant, I feel a sense of pride, and gratitude that I don’t have my sister’s concerns, who has a fight on her hands trying to explain to her 16-year-old that fighting on the frontlines of war might not be the best idea.