Monthly Archives: February 2019

UFC 234 odds: Betting preview and card analysis

The UFC returns to Australia this weekend with native son Robert Whittaker defending his middleweight championship against contender Kelvin Gastelum. Like most UFC fights, it will air live Saturday night (on pay-per-view) Eastern time and thus take place Sunday Down Under at Rod Laver Arena in Melbourne. That’s also the main venue for tennis’ first Grand Slam tournament each year, the Australian Open.

Odds courtesy of OddsShark.com

The 28-year-old Whittaker (20-4), who goes by “The Reaper/Bobby Knuckles,” was born in New Zealand but now lives and trains in Sydney. He is on a nine-fight winning streak since a first-round TKO loss to Stephen Thompson at UFC 170 in 2014. Whittaker won the middleweight belt by unanimous decision over Yoel Romero at UFC 213.

Whittaker was then set to defend at UFC 221 against Luke Rockhold, but an injury forced Whittaker off the card. So, he fought Romero again in June and beat him by split decision. Thirty percent of Whittaker’s career wins are by decision. He’s a -240 favorite for this bout compared to closing around -340 for the most recent Romero fight.

Globex appoints new chief strategy officer

New York, February 7, 2019 — (GlobeNewswire) – GlobexUS Holdings Corp., parent of Horizon Globex US, LLC, is pleased to announce the appointment of tech industry veteran Mitch Edwards as its Chief Strategy Officer. Globex is a leading blockchain-based securities technology, compliance and trading company that has developed proprietary blockchain software for use in U.S. and international capital markets. Its innovative products automate the issuance of smart securities (aka “security tokens”), compliance with complex regulatory and custody requirements, and trading and liquidity on a blockchain securities exchange.

As the tokenization of assets increases in frequency and amount on a global scale, Globex is positioned to become the leading suite of software with appropriate regulatory licenses for compliant issuance, custody and trading of smart securities. The Company’s product suite includes:

• Tokenetics (www.tokenetics.com), a Software-as-a-Service Ethereum ERC-20 digital securities offering “DSO” platform for U.S. and international businesses, fully integrated with KYCware;

• KYCware (www.kycware.com), a compliance-focused investor on-boarding KYC and AML app for digital securities offerings, custody and secondary trading, fully integrated with CustodyWare;

South Korean police form new anti-gambling cyber squads

South Korea is ramping up its fight against illegal online gambling, while a former pop princess is headed to prison for her ‘habitual’ land-based gambling activity.

Last week, South Korea’s National Police Agency announced that it was boosting its number of ‘cyber investigators’ to crack down on undesirable online content, including ‘cyber sexual violence’ and online gambling, the latter cited as responsible for “many social problems.”

The new dedicated anti-gambling cyber squad will set up shop in seven local government offices across the country, including the major cities of Seoul and Busan. For the record, that’s 10 less offices than the cyber sexual violence team was assigned when it was established in 2018.

South Korea doesn’t license any local online gambling operations and works hard to ensure its citizens can’t access internationally licensed sites. Last July, the Korea Communications Standards Commission reported handling nearly 120k requests for action against undesired online content, nearly 34k of which involved gambling sites.

The large B2B gambling industry conference in London is over, where to go next in S1

Prague and Vilnius – 8 February 2019 –

Year by year, the gambling industry is trying to reshape itself and explore new partnership opportunities and regional expansions to grow the B2C side.

Now, that the largest gambling industry conference has closed its doors, the team at European Gaming Media and Events would like to showcase some of the options you have for learning and networking in Europe that are going to take place in the first semester of 2019.

DACH, Central Europe and Eastern Europe

Novomatic pulled down $5.7 billion last year

2018 was good to Novomatic. The Austria-based gaming equipment manufacturer and operator had a record year in revenue, according to its CEO, Harald Neumann, and more positive growth is coming down the pipe.

Novomatic is still crunching numbers and will make its official report soon. However, it stated in a press release that consolidated revenue for the company reached $5.7 billion last year, an increase of 2% over 2017’s figures.

Neumann added in the release, “Following the strong growth of recent years, we will continue to focus on consolidation and increasing synergies between the companies in 2019.”

Novomatic has three holding companies – Novomatic AG, Gryphone Invest AG and ACE Casino Holding AG. Across the three, it now owns a piece of 300 different companies, and the financial analysis so far includes approximately 220 of them.

SJM confirms it hasn’t sought concession extension

A couple of casino operators in Macau are seeing their license concession expiration dates approaching rapidly. There are two that are expected to end next year and Macau still hasn’t determined how it will handle the renewal process. One of the firms looking at the end is SJM Holdings and its CEO has now confirmed that it still hasn’t discussed the subject of an extension with the city’s government.

SJM’s current concession expires in March of next year. If it expires without any type of extension or renewal, the company’s operations would not legally be able to remain open. Its latest offering, a new casino in Cotai, isn’t expected to be ready until the end of this year, potentially giving SJM a break in Macau revenue generation.

SJM CEO Ambrose So Shu Fai recently attended a Chinese New Year banquet hosted by the company in Macau and was asked about the extension. While the executive has previously indicated that the company would like to see an extension of the concession in order to put the expiration date parallel to that of four other operators in the city, he said that there has still been no such request made. He explained nonchalantly, “We have not done it now. We can do it tomorrow. We can do it the day after tomorrow.”

A reporter inquired as to why the company has not made a move, to which So replied, “We choose our time and when we do it. It is not for you [the media] to ask me when to do it … We will apply within the time limit. We are still complying with the law.”

Wynn Macau becomes third operator to announce employee pay raise

Three casino operators in Macau are now onboard with giving their employees pay raises this year. Sands China took the lead, announcing a pay increase for its staff in January, and Melco followed suit shortly after, announcing that employees will receive an increase of between 2.5% and 7.5%, depending on what they currently earn. Wynn Macau has tagged along, announcing on the eve of the Chinese New Year that it will give more money to its workers this year.

The pay increase is already in effect and was backdated to the beginning of this month. It reportedly covers as much as 98% of the company’s workforce, which totals 13,700 employees. Those who earn $1,980 or under will get an increase of about $74.23, which amounts to a bump of between 3.8-6.4%, according to the company.

Last December, many of the gaming labor groups in Macau began a push for a pay raise that would be at least 5%. This was due to the city’s inflation rate, which was 3.01% last year. That was twice what the rate increased by in 2017, when inflation grew by 1.23%. At the time, Cloee Chao, the head of the New Macau Gaming Staff Rights Association, stated, “In the last couple of years the casinos have been awarding their dealers a pay hike of 2.5 percent [per year]. I don’t think it really eases that much the inflationary pressure here. For next year we would ask for a pay hike of at least five percent for the gaming workers.”

For eligible employees who earn more than $1,979 monthly, the pay increase only amounts to 2.5%.

Gambling coming to all of India soon, predicts billionaire investor

Gambling and casinos will soon be legal all across India. This is the prediction of Rakesh Jhunjhunwala, a stock market investor and billionaire who owns a piece of Casino Royale Goa. It could be difficult goal, given the country’s current view on all forms of gambling.

Jhunjhunwala spoke during the TiECON Summit in Mumbai this past Wednesday when he made his prediction. He expects to see a time come when all states in India follow Goa’s lead and legalize casinos and different forms of gambling.

He also asserted that he sees a bright future for the India economy in generally, as well as for the Bharatiya Janata Party. He expects the party, which is led by Prime Minister Narendra Modi, to win the Lok Sabha elections scheduled for later this year.

The entrepreneur and businessman has spent the past 10 years supporting the gambling industry. He, along with his wife, have a considerable investment in Delta Corp. Lit, the only listed gaming company out of India. The couple owns approximately 7.3% of the company and both also sit on its board of directors.

Caesars, Turner Sports in new gaming content deal

Caesars Entertainment Group and Turner Sports, which is part of AT&T, are joining forces to create new gaming content. The move comes as casino operators begin to vie for position in the sports gambling market in the U.S. and comes after a number of deals have already been struck between professional sports teams and leagues with several casino brands.

According to the Bleacher Report, the new Caesars/Turner deal is reportedly the first between a national TV network and a major casino operator. However, it most likely won’t be the last. Other companies, such as Disney-owned ESPN, could most likely join the fray.

In supporting the new partnership, Caesars will develop a studio this spring that will be branded with Turner’s Bleacher Report. That studio will be hosted by Caesars Palace. Turner Sports President Lenny Daniels states in a press release, “The sports gaming industry is rapidly growing and Turner is poised to be an industry leader in the development of gaming-related content experiences. Gaming content will be a key driver for increasing fan engagement across all platforms, including time spent watching live sporting events and other criteria that impact television viewership. We’re excited to form this groundbreaking relationship with Caesars, a proven leader in sports gaming, as we collaborate to deliver the best gaming-related content experiences for our fans.”

The financial terms of the deal were not released, but construction of the new studio is already underway. Caesars is also expected to act as a gaming and sponsorship partner for Bleacher Report per the agreement’s terms, and will sponsor some programming on several of Turner’s linear networks. There is also talk that it could co-produce additional programming and/or events.

Tasmanian Labor party accused of pokies ‘backflip’

The controversial topic of Video Poker is causing infighting in the Australian state of Tasmania. Tasmanian Labor leader Rebecca White is coming under fire for giving up her hard-line stance against pokies.

White told ABC that Labor would no longer fight to remove video poker machines from pubs and clubs, simply because they lost the last elections in March 2018, and Premier Will Hodgman is pushing ahead with his goal to negotiate a new license for the machines. She said:

“The fact of the matter is once they [bring forward legislation], we’re not going to be able to continue to pursue our policy to remove poker machines from pubs and clubs because there’ll be a new deal struck until 2043.”

Not one to let an opportunity pass him by, Hodgman has accused White of flip-flopping, possibly due to pressure from her federal party members. He said, “It’s a little ironic that Rebecca White, who said this was a most passionate interest of hers and a concern that she believed in, has now abandoned that policy position and is calling on us to rush through legislation to implement a policy that they opposed at the election.”

New York gambling jobs expected to outpace other sectors

As the state of New York dives deeper into the gambling industry, more opportunities will pop up for its citizens. Yahoo Finance recently put out an infographic declaring the gambling industry to be the fastest growing job sector in the Empire State.

Yahoo reached their conclusions based on Bureau of Labor Statistics (BLS) and Projects Managing Partnership (PMP), and based their infographic based on growth rate for each job title.

The conclusions they drew from the PMP report can be drilled down to, and it shows impressive growth for all gaming related positions. That report forecasts how many projected jobs there will be across all industries by 2026.

They expect there will be 1,460 gaming dealers by that date, which represents a 31.5% increase from the status quo. Considering expected turnover, they expect 230 openings for that position each year until 2026. They expect the same number of cashier openings each year, with 34% growth for that position.

London Conference Week 2019 Day 4 recap: LAC Day 1

The CalvinAyre.com team returned to the ExCeL today to begin coverage of the London Affiliate Conference or LAC, the largest event of the year dedicated to the online gambling affiliate industry.

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Pinnacle pumps Penn National Gaming’s ‘transformational’ Q4

Casino operator Penn National Gaming (PNG) reported some eye-popping financial numbers to close out 2018 thanks to its Pinnacle Entertainment add-ons.

On Thursday, PNG released its Q4 earnings report, which showed revenue of $1.15b, an increase of over $386m from the same period last year. The outsized gains are attributable to PNG”s late-2017 deal for 12 Pinnacle properties, which received its final regulatory approvals last October.

The rest of PNG’s Q4 numbers are similarly skewed, with operating income shooting up $97.6m to $124.4m, while adjusted earnings were up $124.8m to nearly $324m (actually $133.5m after PNG paid landlord $190.4m in rent). But this knife cuts both ways; the company booked a net loss of $42m for the quarter thanks to the acquisition’s transaction costs.

For the year as a whole, PNG’s revenue came in just under $3.6b, and the company expects 2019’s revenue total will top $5.2b. Last year’s adjusted earnings (minus rent) totaled $505.8m, while the 2019 forecast is for nearly $702m.

WSOPE dates announced; Reichard family pick up a couple of gold rings

The World Series of Poker Europe returns to the King’s Resort October 15 to November 4 with ten bracelets up for grabs, and Brett and Joshua Reichard win gold rings in Milwaukee. 

With Valentine’s Day an obscene phone call away, it’s time to stop thinking about yourself, and instead, think of the person who puts up with your daily 24-table grinds.

Roses?

Cuddly bear?

Microgaming goes full throttle with Banana Odyssey on final day of ICE 2019

ISLE OF MAN – Microgaming rounded up a striking line-up to introduce Banana Odyssey, its upcoming space-themed online slot, generated exclusively for Microgaming by Slingshot Studios.

Due for lift-off later in the year, this sci-fi spectacular is sure to find mass appeal. Following two astro-chimps on an exhilarating space-race towards the Banana Planet’s fabled riches, the 5×3 reel slot is packed with thrilling features, including expanding wilds, respins and free spins, and takes players on an immersive monkey mission across the galaxy in search of big wins.

To celebrate the upcoming launch, Microgaming revealed the simian space antics of its new slot game and took guests on an intergalactic voyage at the Microgaming Bar with cosmic dancers for an out-of-this-world performance.

Watch Microgaming’s round-up video here.