Monthly Archives: April 2019

DraftKings, Arena Football League Launch New Fantasy Sports Game

courtesy AFL

DraftKings and the Arena Football League (AFL) have partnered to launch a new daily fantasy sports game ahead of the AFL’s 2019 season. Customers can now submit contest entries and get even closer to the fast-paced action on the turf that begins April 26th. This AFL offering is the 12th daily fantasy sports category for DraftKings, making the company the leader in available sports among fantasy operators.

“The fast-paced games of the AFL and zeal of its fans will enable a new customer base that loves sports just as much as we do to interact with our products,” said Greg Karamitis, SVP of Fantasy Sports at DraftKings. “The AFL is, and will continue to be, excellent partners in enhancing the entertainment experience for these dedicated fans every weekend for the 2019 season.”

With the AFL expanding its presence from four to six teams in 2019, DraftKings’ data capabilities will source game and player information at every moment of play for fans to leverage in their daily fantasy selections. Customers can enjoy special DraftKings Classic and Showdown modes for AFL contests, constructing lineups of six players while staying within a $50,000 salary cap range and designating a “captain” slot that grants one player a bonus multiplier. Classic contests will require selecting players from more than one game, while Showdown contests must include players from each team.

“We are very excited to be working with DraftKings and know our fans will love playing the fantasy football games DraftKings developed for the AFL,” said Randall Boe, AFL Commissioner. “We want the AFL to be the most innovative league in sports and working with leaders and pioneers like DraftKings is a great fit.”

As football represents the most popular sport on DraftKings, this expansion into Arena Football League daily fantasy contests helps further diversify offerings and address customer demand. Additionally, the DraftKings Sportsbook will offer fans the opportunity to wager on games throughout the AFL season. To engage with the new product, players can either head to www.draftkings.com or download the DraftKings app via iOS and Android. 

Betfred debuts American Sports Betting platform at Betting on Sports America 2019

Betfred, the world’s largest privately owned retail book maker, debuts an unmatched suite of managed sports betting and trading products in Meadowlands, New Jersey at the Betting on Sports America 2019 Convention, booth 617, Tuesday through Thursday.

Betfred incorporates the award-winning OptimaMGS platform, offering partners a full suite of managed products which includes BI/Analytics, Anti-Fraud, Trading, Compliance/GDPR, Customer Support, Payments and Marketing.

With over 50 years of market leading experience in the betting industry, as reflected in the over 1,600 retail stores in the United Kingdom, Betfred seeks to unlock and empower the newly opening US Sports Betting Market. Said Betfred Managing Director, Mark Stebbings regarding the event, “The entire team is energized by the opportunity to bring the totality of our experience and technology to the diverse and innovative US sports wagering leaders who are responding to the tremendous opportunity these markets present.” Betfred brings a wealth of expertise to the US market, in superior retail customer service, market automation, in-play sports betting offerings, innovative ideas such as “bet builder”, where customers may create their own bets, and powered by the best in class OptimaMGS sports wagering management platform.

Betfred has partnered with SCCG Management in Las Vegas, to represent the company in the US Native American and Non-Tribal gaming markets. SCCG is an internationally respected management consultancy focused on global sports betting, IP, esports and the casino entertainment industries. Stephen Crystal, Principal Partner of SCCG Management, said, “The scope and scale of the combined resources and experience of Betfred, Optima and SCCG Management allow us to bring a turnkey, industry leading set of tools and talent to the sports betting industry. We’re working tirelessly as a team to present flexible, comprehensive solutions to the US sports betting industry.”

Angel Holdings set to complete acquisition of GPI

The long-awaited acquisition of Gaming Partners International Corporation (GPI) by Angel Holdings Good Kaisha finally looks like it is set to be completed. The merger was first reported over five months ago and was waiting on final approval from the shareholders of both companies.

That looks to have finally been achieved, allowing Angel to inform the NASDAQ that the merger will be officially completed as of Wednesday, May 1. This is an important step because GPI’s stock must officially be delisted on the trading platform.

The merger allowed Angel to purchase shares of GPI at $13.75 for each share of the company. With the deal now finally completed, Angel will own 100% of GPI, turning it into a subsidiary of Angel Holdings. The entire deal was for about $110 million.

The deal was looked upon as a no-brainer from the very start. Angel is one of the worldwide leaders in the manufacturing and distribution of cards for card games and the gambling industry across the globe. GPI has long developed casino gaming tables and equipment. This seemed like a match made in heaven as both major pieces of the gambling table industry would be supplied by the same company.

Japan reveals ‘basic plan’ to combat local gambling problems

There are still many questions that need to be addressed before Japan reveals the winners of its first integrated resort (IR) licenses. To answer one, the country has revealed details of a “basic plan” that will add protections against gambling problems at pachinko parlors.

Kyodo News reports Japan’s cabinet has approved a plan that will remove cash withdrawal machines from pachinko parlors and government run gambling venues, including horse and keirin cycle tracks. The thinking is likely that if customers have a hard time getting their cash out, they’ll be less likely to play.

On top of that, the plan calls for research into how underage and problem gamblers can be kept out of the establishments through an identification check system. To avoid future problem gamblers, there will also be mandated warnings about addiction in advertising, and restrictions on the size of online bets.

Finally, the plan asks the country’s 47 prefectures and 20 major cities to set up consultation and treatment hubs. They will also be asked to coordinate with private organizations that combat gambling addiction.

Calvin Ayre and Bitcoin SV Groups back institutional exchange, DRIVE Markets

DRIVE Markets ($DRV), the institutional crypto and fiat exchange, announced an investment from entrepreneur Calvin Ayre, founder of Ayre Group and CoinGeek. In a bid to entice traders from the $5 trillion forex market, DRIVE Markets has teamed up with forex giants including First Derivatives and MetaTrader to offer a crypto trading experience synonymous with forex trading.

Ayre is a key backer of BSV, through his CoinGeek mining, media and investment operations, and expects the undisclosed investment which is in the multiple seven figures, to provide a significant boost to BSV enterprise usage and transaction volume.

DRIVE Markets recently announced DRIVE Pay, a multi-protocol, real-time remittance and gross settlement network for crypto and fiat currencies. DRIVE Pay will use the BSV blockchain as the anchoring ledger for its payments network and will use BSV coins as a bridge or intermediary currency to enable liquidity.

“At DRIVE, our roadmap leverages the infrastructure and capabilities of our institutional exchange and we were looking for the right solution partner that could scale DRIVE Pay to become a global leader in the multi-trillion dollar payment and settlement space. Bitcoin SV, as a commodity data ledger, makes it the ideal blockchain to anchor DRIVE Pay and the BSV team possess a level of expertise and commitment to enterprise development that really impressed us,” said Kate Hiscox, CEO at DRIVE Markets.

China to censor poker, mahjong from video games

If you happen to live in mainland China, the government is looking out for your “best interests.” Not only will they make sure you don’t experience upsetting or unsafe content, but they’ll make sure anything tangentially related to that content is banned as well.

That’s why on April 22, China’s State Administration of Press and Publication announced new guidelines that would ban poker and mahjong games, reports TechCrunch. The ban isn’t against online gambling sites, or illegal gambling dens, but against video games, like Red Dead Redemption 2..

China censors all sorts of media, and the reasons can be all over the place. The 2016 reboot of “Ghostbusters,” or as it was better known in Chinese territories, “Super Power Dare Die Team,” was not allowed a release in the country because the government felt it would not perform well, perhaps because the original 1984 release, known as “Ghost Catcher Dare Die Team,” was banned for promoting superstition.

The reason poker and mahjong related video games have been banned is pretty straightforward: the state is worried that they may become a gateway product to illegal gambling. However, the decision to not approve new games comes a little late. They’re closing the stable door after the horse has bolted.

St. Croix Chippewa Indians could face federal probe over casino funds

A native Indian tribe in the United States has found itself in a bit of hot water that could cost it a serious amount of cash. According to an external audit conducted of a casino operated by the St. Croix Chippewa Indians in Wisconsin, $1.5 million in casino revenue may have been misappropriated for personal use, misused or improperly registered. If the audit findings are confirmed, the tribe could be on the hook for as much as $27 million.

A Notice of Violation (NOV) (in pdf) was issued by the National Indian Gaming Commission (NIGC) on April 11. It accused the tribe of 527 infractions against the Indian Gaming Regulatory Act, as well as other laws, between 2014 and 2017. Each violation carries a fine of as much as $52,596.

This is just the top of the iceberg for the tribe, though. It will most likely face a federal inquiry now that could be led by law enforcement officials and tax authorities.

Rory Dilweg, a lawyer with Berg Hill Greenleaf Ruscitti out of Colorado, told Casino.org, “This is the longest — 29 pages — NOV, with the most alleged violations — 527 — I have ever seen.” Dilweg is the former chief counsel of Wisconsin’s Oneida Tribe of Indians.

Australia to see a resurgence in foreign high-rollers

Australia casinos just received a bit of good news from an industry analyst. As the gambling houses continue to compete for Asian high-roller clients, their efforts are paying off and analysts are now optimistic that a recovery could be only a few short months away.

Most of Australia’s casinos have seen a decline in Asian high-roller traffic due to the ongoing trade war between the US and China, which has led to the latter’s slowest growth rate in the past 30 years. Star Entertainment and Crown Resorts have both reported a substantial decline in the high-roller segment, but have also continued to work hard at not losing more ground.

According to analysts with Macquarie Wealth Management, there has been a “U-turn” in the sentiment toward mainland China that the analysts see “flowing into VIP confidence and driving an uptick in volumes.” The analysts add, “We now include a VIP recovery in financial year 2020. While we remain cautious on [second-half 2019] VIP volumes, with our view that Macau VIP bottoms in the June 2019 quarter, we are optimistic and now forecast a recovery.”

The Star saw its turnover from international VIP gamblers drop 33% in the last six months of 2018, coming in at $20.7 billion. The turnover was greatest at its Sydney-based casino, which saw a 49% decline.