Monthly Archives: August 2018

Youthful High Stakes Crusher Charlie Carrel Starts His Own Micro-Stakes Bankroll Challenge

High-stakes poker legend Charlie Carrel may be “retired” from playing the nosebleed games, but that’s not stopping him from going back to where it all began. The 24-year-old Briton is picking […]

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Dutch regulator slaps €300k penalty on Betsson subsidiary

The Netherlands gaming regulator has imposed a €300k penalty on a Dutch-facing subsidiary of online gambling operator Betsson AB for accepting local customers without local approval.

On Friday, the Netherlands’ Kansspelautoreit (KSA) regulatory body announced that it had imposed a €300k penalty on the Stockholm-listed Betsson’s Malta-based subsidiary Corona, which operates the Dutch-facing Oranje and Kroon online casino brands, for accepting action from Dutch punters without the KSA’s say-so.

The KSA’s report on its investigation reveals that the offending activity took place between May 31 and August 8, 2017. The KSA received complaints regarding the sites prior to this period, but the report notes that the probe was in part a response to “the publicity that Betsson itself had sought following the tightening of enforcement regarding games of chance online without a license on 1 June 2017.”

This ‘publicity’ apparently refers to the complaint Betsson filed with the European Commission regarding the KSA’s announcement of a stiffer range of penalties for a wider variety of perceived violations of existing Dutch gambling law. Betsson has pursued multiple avenues of legal recourse against the restrictive Dutch law, albeit with little success.

Multimillion pound development plans for Newcastle Racecourse revealed

Arena Racing Company (“ARC”) has today revealed plans for a multimillion pound redevelopment scheme for High Gosforth Park and Newcastle Racecourse.

Following on from the success of previous development work, which included the installation of the Tapeta surface and enhanced racing facilities, ARC anticipate submitting plans for the next stage of development of the High Gosforth Estate to Newcastle City Council in Autumn 2018.

The proposals will further boost the international prestige of the racecourse, create new jobs in hospitality, tourism and construction, and draw thousands of visitors and their spending into the City.

Improvements across the racecourse estate will include a c3,500m2 events centre, alongside significant refurbishment of the public and hospitality areas as well as the racing staff accommodation.

No dice for legal sports betting in Ohio for 2018

The Ohio Constitution might have to be amended first to allow for sports gambling, according to state lawmakers.

According to Cleveland.com, Ohio Senate President Larry Obhof said that a sports gambling bill introduced in July would be assigned to a committee only after the midterm elections in November, noting that the bill would not be deliberated on in plenary this year.

“I think there is a pretty serious legal question of, irrespective of the federal court decision this year—whether or not we could even have sports gaming here, if that’s something the legislature could even authorize, even if they wanted to,” Obhof said.

It was only last May that the United States Supreme Court lifted a federal ban on sports betting, allowing states to come up with their regulations on the matter.

Pragmatic Play signs with casino Portugal

Provider’s games go live in Portugal for the first time

24 August 2018: Pragmatic Play, one of the leading software providers for video slots and live casino, will enter the Portuguese market in an agreement with Casino Portugal.

This latest agreement will see the provider’s content, including Leprechaun Song, Jade Butterfly and Madame Destiny,rolled out with the leading operator.

Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “We are delighted to have agreed this deal with Casino Portugal, one of the market’s most respected operators.

The Mouthpiece: Traditional notions of gambling meet US gambling expansion

“The gambling known as Business looks with austere disfavor on the business called Gambling.”

 — Ambrose Bierce

When the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), it opened the way for the biggest expansion in gambling that this nation will probably ever see.

Yet gambling, especially sports betting, the particular focus of the Supreme Court case of NCAA v Murphy, still occupies a murky and undefined place in society, even in the America of the 21st century.

European Lotteries Association joins Betting on Sports Week in September

The European Lotteries Association will host a meeting for members of its Sport Working Group at next month’s Betting on Sports Week in London (18-21 September), while several of its headline members have been lined up to speak at the event.

European Lotteries is the umbrella organisation of national lotteries operating games of chance for the public benefit, which brings together both state-owned and private operators, both profit and non-profit, who operate on behalf of the state.

Each of the Sport Working Group’s 18 members will be invited to attend the meeting on Wednesday morning 19 September, to discuss topics including sports integrity and sports policy, as well as the planning and content for upcoming European Lotteries events.

This team of 18 includes confirmed #boscon2018 speakers – Jari Vähänen, SVP of Veikkaus, Ludovico Calvi, Board Director of Lottomatica Betting, and Jens Nielsen, Head of Sports Betting at Danske Spil, as well as representatives of Norsk Tipping, SAZKA, Global Lottery Monitoring System, LOTTO Bayern, Szerencsejáték Zrt., Française des Jeux, Österreichische Lotterien, Staatliche Toto-Lotto, Svenska Spel, OPAP, Sisal, Loterie Nationale Belgium and Hrvatska Lutrija.

Cryptocurrency comes to the Premier League thanks to eToro deal

The social trading and multi-asset brokerage company, eToro, has hit the headlines after cutting sponsorship deals with seven English Premier League clubs and paying for them in cryptocurrency.

I’m feeling a tad Jack Torrance this morning.

A nightmare in circumstance has led me to a Balinese hotel; the love child of Circus Circus and The Timberline Lodge. The type of place that has a sign NOT to flush toilet paper down the toilet.

And, yet, here I am, thinking.

Playsugarhouse.com is the first gaming operator in the US to launch an integrated Online Sportsbook and Casino

New Jersey’s PlaySugarHouse.com Sportsbook & Casino Will Offer Over 5 million Live In-Game Bet Options A Year Through Its Mobile Apps

CHERRY HILL, NJ-August 23, 2018 – New Jersey’s online casino innovator, PlaySugarHouse.com is doubling down by introducing its world-class sportsbook to the Garden State’s residents and visitors. Operated by Rush Street Interactive (RSI), the new SugarHouse Online Sportsbook & Casino features a wide variety of bets, competitive odds and a ground-breaking loyalty program that seamlessly merges casino games with sports betting. Players will earn loyalty and bonus points on every single sports and casino wager, including the more than 5 million Live In-Game bet options and 450 casino games and live dealer table games. Additionally, unified player accounts, wallet and bonusing allow players to easily switch between sports betting and casino play.

RSI and PlaySugarHouse.com are committed to offering players in New Jersey the most bang for their buck, with millions of Live In-Game bet offers. Great odds and advanced technology enables those In-Game bets at PlaySugarHouse.com to remain open longer and maximize betting opportunities during the game. Players have the opportunity to make a wide range of bets including who will win the game, upcoming plays, over/under for teams and players, partial game bet, parlays, and much more. An innovative feature allows players to cash-out an active bet before the outcome is determined, allowing them to secure part of their winnings or cut their losses as the odds change.

As one of the first to launch online sports betting in New Jersey, Rush Street Interactive already has a wealth of experience and knowledge in operating a regulated online and mobile Sportsbook in Colombia. “Being the first US-based gaming operator to launch a regulated online sportsbook outside of the US has been helpful in establishing the SugarHouse Online Sportsbook & Casino,” said Richard Schwartz, President of Rush Street Interactive. “We’ve matured our sportsbook product and validated that players value our proprietary sportsbook loyalty program, including earning points on every single bet.”

Paul Salem given a seat on MGM board

MGM Resorts International has offered a seat on its board to Paul Salem, senior managing director of Providence Equity. It had to purchase another chair for Salem, though, as his addition brought the total number of directors up from 12 to 13, after increasing the number of directors last year from ten to 12.

Salem is reportedly the man that helped Providence, a leading investment firm for the media, education and communications sectors, grow from having $60 million in assets under management to around $170 million. In a statement by MGM Resorts Chairman and CEO Jim Murren, “Mr. Salem is a distinguished leader with over 26 years of experience in the financial services industry. Paul brings invaluable insight in corporate finance and asset management, and his strong track record of value creation has earned him an outstanding reputation within the investment and not-for-profit communities.”

Last year, MGM added two more positions to the board. According to Murren, “These appointments underscore the company’s commitment to proactively enhance its board and ensure that we have an appropriate mix of skills, experience and perspectives to successfully grow our business and drive sustainable value creation.”

Salem became part of the Providence Equity team in 1992. Prior to that, he had been working in the corporate finance, mergers and acquisition division for Morgan Stanley and at Prudential Investment Corp. in its private placement financings and leveraged buyout transactions division.

LeoVegas launches BankID registration platform for Swedish users

Mobile gaming giant LeoVegas has announced a significant step forward for its users in Sweden. The company is now tied to the country’s BankID e-identification system, allowing users to register and log in quicker than before. Anything that can be done to allow gamblers to spend less time entering and more time playing is always welcome.

According to a press release from the company, LeoVegas CEO Gustaf Hagman explained, “With BankID we are now offering the best product on the market in Sweden. For new and existing customers we provide a very smooth and simple log-in and registration experience while giving them access to the market’s broadest offering of casino games and sports betting. We also know that fast payments are very important, which is why our customers can see their account balances within minutes of a withdrawal. We are consolidating our position as the leading GameTech company, and I look forward to finding additional markets in which we can launch similar, local e-identification systems.”

The BankID system was created to allow banks, authorities, companies and organizations to verify and sign agreements with individuals over the Internet. It is an electronic form of identification, similar to a driver’s license, passport or other physical form of ID. Any Swedish citizen or permanent resident with a personal identity number can apply for a BankID through his or her bank.

LeoVegas was founded in Sweden in 2011. It is a mobile gaming state-of-the-art company and offers a variety of services, including an online casino, a live casino and sports betting action across several international markets. It was valued last year at more than $1 billion and is traded on the NASDAQ First North Premier list of the Stockholm Stock Exchange under the symbol LEO SDB and services various markets across Europe and the UK.