Monthly Archives: June 2018

WSOP day 29: David Brookshire finds flow; Razz has a specialist

Another round-up from the World Series of Poker this time focusing on victories in mixed game events by David Brookshire and Jay Kwon. 

Imagine being Mihaly Csikszentmihalyi, living in London, and one day you meet a cutey pie in a record store who falls in love with you over a special edition of Bee Gees Night Fever.

“Your name is what?”

I don’t care how much you know about the state of flow. Nobody is going to remember how to say that name.

World Cup round-up: Sweden and Mexico go through; Germany rock bottom

Another round-up from the World Cup in Russia sees Sweden and Mexico emerge from Group F as Germany lose to South Korea to exit in the group stages for the first time since 1938.

A woman is standing outside the open door of the courtyard where the cancer sticks go to work. The wind is playing with her long flowing blue and white dress, dragging it up to the sky giving us all a peek at her Roman sandals and black thong.

A guy with a white string vest, black shorts, knobbly knees, white socks pulled to his knees, and a pair of Jesus sandals is stood behind her, staring at his prize.

“Fuck me!” He says, looking around to see if anyone else can see what he sees.

Caesars fined $1m for threatening Indiana gaming regulators

Casino operator Caesars Entertainment has finally managed to make nice with Indiana gaming regulators, but this peace came at a seven-figure cost.

Last November, Caesars announced a $1.7b deal to acquire Centaur Entertainment’s two Indiana racinos – the Hoosier Park in Anderson and the Indiana Grand in Shelbyville. But the company pitched a fit when the Indiana Gaming Commission (IGC) demanded a $50m fee for the transfer of ownership.

Under Indiana gaming law, the initial owner of a gaming venue must pay a transfer fee when a controlling interest in the property is sold. Caesars argued that Centaur had acquired the two venues after their original owners declared bankruptcy, a condition that allows the transfer fee to be waived. The IGC respectfully disagreed with Caesars’ read of the rules, leaving the acquisition in doubt.

On Tuesday, the Indianapolis Business Journal reported that the parties involved had worked out a deal under which Hoosier Park or its affiliates would pay the transfer fee before or at the deal’s closing. On Thursday, the IGC formally signed off on Caesars’ acquisition of the two gaming venues.

Hard Rock International launch New Jersey online casino

New Jersey’s regulated online gambling market welcomed another player Thursday with the launch of Hardrockcasino.com.

On Thursday, Hard Rock International’s new Atlantic City casino (the former Trump Taj Mahal) held its official grand opening ceremony, complete with a mass smashing of guitars and indoor fireworks. The Hard Rock Atlantic City venue actually opened its doors to the public on Wednesday afternoon after receiving approval from state gaming regulators.

On Thursday, the Hard Rock venue’s online gambling technology partner Gaming Innovation Group (GiG) announced that it had received a transactional waiver from the New Jersey Division of Gaming Enforcement to provide the Hard Rock with a real-money online casino platform.

GiG’s press release indicated that the Hard Rock online casino would launch “later this month” – all two days of it – but the site appears to be already active. The site is casino-only, i.e. no poker except video poker, but then poker has become something of an afterthought in New Jersey’s red-hot online gambling market.

Lottoland Australia ‘here to stay’ despite lottery betting ban

Online lottery betting operator Lottoland claims that its Australian customers won’t be left high and dry, despite legislators approving a ban on ‘synthetic’ lottery operations.

On Thursday, Australia’s parliament formally approved the Interactive Gambling Act Amendment (Lottery Betting) Bill 2018, which prohibits online betting operators from “placing, making, receiving or acceptance of bets” on the outcome of “Australian and overseas lottery draws” or keno results.

The Bill, which was introduced in March, followed a sustained campaign by local lottery giant Tatts Group against lottery betting operators like Lottoland. Tatts accused Lottoland of cannibalizing its lottery sales while failing to kick back the same percentage of revenue to Australian social causes.

In a statement following Thursday’s vote, Minister for Communications Mitch Fifield claimed the legislation would “protect the more than 4,000 small businesses including newsagents, pharmacies and community clubs and pubs across the country who operate longstanding, recreational betting services.”

Lottoland Australia ‘here to stay’ despite lottery betting ban

Online lottery betting operator Lottoland claims that its Australian customers won’t be left high and dry, despite legislators approving a ban on ‘synthetic’ lottery operations.

On Thursday, Australia’s parliament formally approved the Interactive Gambling Act Amendment (Lottery Betting) Bill 2018, which prohibits online betting operators from “placing, making, receiving or acceptance of bets” on the outcome of “Australian and overseas lottery draws” or keno results.

The Bill, which was introduced in March, followed a sustained campaign by local lottery giant Tatts Group against lottery betting operators like Lottoland. Tatts accused Lottoland of cannibalizing its lottery sales while failing to kick back the same percentage of revenue to Australian social causes.

In a statement following Thursday’s vote, Minister for Communications Mitch Fifield claimed the legislation would “protect the more than 4,000 small businesses including newsagents, pharmacies and community clubs and pubs across the country who operate longstanding, recreational betting services.”

Czech online gambling market spikes after regulatory revamp

The Czech Republic’s regulated gambling market eked out a modest revenue gain last year despite online gambling revenue rising by more than one-half.

Last week, the Czech Ministry of Finance released its official stats for its homegrown gambling market’s 2017 performance. Total revenue came to CZK39.8b (US$1.77b), up only 1.1% from 2016’s result, despite gambling spending rising 14.1% to CZK224b last year.

The modest gains belied a surge in online gambling, which shot up 56% year-on-year to CZK8.3b ($370m), representing slightly more than one-fifth of the overall market. Online fixed-odds sports betting enjoyed healthy growth, rising nearly CZK1b to just under CZK6.2b in 2017.

Revenue from online casino, which domestic operators weren’t allowed to offer until the country revised its Gambling Act in 2016, totaled just over CZK2b, while live casino added another CZK120m.

Denmark’s online casinos drive Q1 gambling market growth

Denmark’s regulated gambling market revenue grew nearly 9% in the first quarter of 2018, largely on the strength of its online casino licensees.

Figures released Thursday by the Spillemyndigheden regulatory agency showed Danish-licensed operators generated gross gaming revenue of DKK1.52b (US$236.3m) in the first three months of 2018, up 8.9% from the same period last year but down 7% from Q417.

The dominant sports betting vertical reported revenue rising 7% year-on-year to DKK555.4m, although this figure was 22% lower than Q4, which featured a lower than usual payout ratio.

Wagering on mobile devices claimed the largest slice (49.9%) of betting revenue, followed by land-based (35.3%) and desktop (14.9%) channels. Land-based wagering accounted for nearly 52% of all individual bets but just 24% of betting turnover, while mobile accounted for just 27.2% of bets but 54% of turnover. Desktop wagering’s share of bets and turnover was roughly equal at 22%.