Monthly Archives: April 2019

Macau’s government doesn’t foresee casino tender delay

Macau’s six casino operators were to see their concessions expire at different times – two were set to expire in 2020 and the remaining four in 2022. Per Macau law, 2022 was to be the deadline for all concession licenses, making it difficult to determine how to proceed due to the differing expirations. That problem has been solved, as the two licenses expiring next year have been extended until 2022, but there has still been some confusion regarding how a new tender process would play out and that issue has now been addressed by Macau’s chief executive, Fernando Chui.

According to Chui, the new public tender process for the concessions will coincide with the expirations in 2022. By postponing the two expirations of MGM China and SJM Holdings – set to expire next year – to 2022, there is now plenty of time for regulators and legislators to prepare for a public tender renewal process.

While speaking in front of Macau’s Legislative Assembly last Thursday, Chui asserted, I think that the Macau government has now sufficient conditions to launch a public tender, and that involves some internal work and amendments to existing legislation. We have sufficient time to make amendments to legislation and time to prepare the tender.”

The details of the new tender process have been kept under wraps. There was initially some concern, due to how Macau’s laws were written, that the new concessions would require a completely new bidding process, but it is now predicted that the six operators will retain their control over the city. There has also been talk of Macau forcing the elimination of the large number of satellite casinos in the city, or at least putting a cap on the number, but there has yet to be anything definitive announced.

Colorado makes last-minute push for sports gambling

Lawmakers in Colorado are hoping to drum up support for a sports gambling bill quickly. A bill introduced recently would legalize the activity in the state and looks to garner enough attention to be approved during the current session in order for Colorado’s voters to respond to the subject on a ballot entry this coming November. There’s a lot of work to be done and not much time to make it happen.

A bill introduced only last Thursday by Alex Garnett, the Democratic House Majority Leader, and Patrick Neville, the Republican Minority Leader, proposes asking Coloradoans this November if they want sports gambling in the state. The bill specifies a 10% flat tax on net revenue, which would have to be approved by voters. According to state law, any question regarding tax increases has to be approved by Colorado residents.

The bill stipulates that the state’s existing casinos would be eligible for sportsbook licenses. Limited in-person betting would be allowed, as would mobile and online sports wagers. Those operators would have the authority to establish their own betting limits and the program would be relatively liberal, with wagers allowed on both professional and collegiate-level games, including bets on the state’s college teams.

Garnett believes that the tax revenue generated from legalized sports gambling could range anywhere from $5 million to $10 million each year. In some instances, he believes it could reach as much as $20 million, and asserts that the money will be used for conservation efforts and protecting the state’s water.

Casino in Costa Rica hit by armed thieves, one person killed

Someone’s been watching Hollywood movies and thinking that real life can’t be any different – again. This time, a small group of individuals in Costa Rica decided to carry out an armed heist of a casino in the middle of the night, just like in the movies, and got away with a significant amount of cash. Unfortunately, however, one security guard tried to intervene and lost his life in the process.

The assault took place at the Dorado Casino in Costa Rica’s capital, San José, on April 5. Nine armed and masked individuals attacked at around 3 AM, threatening employees and casino patrons. By the time the ordeal was over just a few short minutes later, the thieves had gotten away with eight million Costa Rican colones (about $13,000) and $11,500.

Security guard Edgar Martin Castro Naranjo was outside when the attack first began to unfold. He allegedly was making his normal rounds on a bicycle when he noticed suspicious activity in the casino. When the 52-year-old tried to step in, armed with non-lethal weapons, he took three or four bullets to the torso from someone watching the door and died before emergency personnel could arrive.

According to Marco Carrion, the chief of the homicide division of Costa Rica’s police force, the attack was well planned and executed. He added that it was most likely carried out by an organized group of criminals, adding that they arrived in two vehicles and had every detail methodically orchestrated. Police were only able to learn that the vehicles were “silver” and “blue.”

Delaware North sues Miomni over failed West Virginia sportsbook

Casino operator Delaware North expected to capitalize on March Madness, the largest annual sports gambling event in the US behind the NFL Super Bowl. It had everything lined up and all signs pointed to go but, at the last minute, its sports gambling partner, Miomni Gaming, was forced to pull the plug over a dispute with one of its third-party partners. Now, Delaware North is looking for payback and has filed a lawsuit against the UK sports gambling software provider.

Delaware North has filed a lawsuit against Miomni, and CEO Michael P. Venner, in Delaware. It alleges that the company and its top man misrepresented Miomni and committed fraud by not disclosing “a key part of the BetLucky sports-wagering platform.” In doing so, Miomni breached its joint-venture contract with the casino operator.

Delaware North had expected to partner with Miomni Gaming for a long time for its two casinos in the state, Mardi Gras Casino & Resort and Wheeling Island Hotel Casino. The two companies signed their joint partnership last year and expected to begin offering sports gambling sometime during the fall of 2018.

It would be almost the end of December, after a series of delays, before the BetLucky gambling app and the sportsbooks at both properties were finally launched. No reason for the delays was ever made public and the platform was forced to shut down unexpectedly on March 6, only a week before March Madness got underway.

Playtech to showcase innovative retail products at Betting on Sports America

Global market leader providing U.S. operators with technology boost

New York, 22nd April 2019 – Playtech, the leading sports technology provider in global regulated markets, is set to demonstrate its unique retail and online solutions at this week’s Betting on Sports America conference.

The supplier is helping U.S. operators develop their customer-facing products with digital and mobile software, alongside kiosks that are have proven to generate incremental revenues in Europe.

Playtech’s retail and online sportbook products currently see over $750 million traded equally on sports each month, with the former coming via 60,000 Bet Entry Points (BEPs).

Paysafe’s Rosen Metev: Payments make the difference

Solid payment options are the lifeblood of an online gambling operator. With new markets like the United States opening up to new possibilities, it’s an important they get their payments right or risk losing market share. Rosen Metev, director of sales for Paysafe, joined CalvinAyre.com’s Becky Liggero to talk about his views on the industry, present and future.

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EPL week 35 review: City return to the top; Brighton stop the rot at Wolves

The first of three Wk 35 English Premier League reports with Manchester City returning to the summit with a victory over Spurs, and Brighton moving three points clear of Cardiff City after a goalless draw with Wolves.

Looking at the English Premier League (EPL) title run-in, with Manchester City and Liverpool both playing with a straight razor savageness, it’s going to take something astounding to beat them.

Liverpool faces nothing of the sort in their final four games.

It’s a different story for City.

NSoft announced as GENERAL SPONSOR at MARE BALTICUM Gaming Summit 2019

MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit and Awards is the leading conference in the Baltic and Scandinavian region gathering region oriented operators, software providers and industry regulators for a full day of learning and networking.

The organizers, European Gaming Media and Events are excited to announce that NSoft will join the sponsors’ list as General Sponsor.

NSoft is an award – winning internationally recognized software solutions provider for the gaming and betting industry. Its product portfolio includes turnkey solution for managing betting business, retail and omni-channel solutions, Virtual sports betting, Sportsbook and Draw based games.

Do not miss the chance to meet Mr. Omerspahic during the conference or if you need more information about NSoft, contact us at [email protected] or [email protected].

Live Tournament News: Wins for Silver & Jackson; Triton partner with 12Bet

Three stories from the world of live tournament poker including a win at the Irish Open for Max Silver, victory at the Borgata for David Jackson, and another sponsorship deal for Triton.

A trio of tales from live tournaments on three different continents beginning in Asia and another sponsorship deal for Triton Poker.

12Bet has signed up to be the Official Betting Partner of the Triton Poker Series in Montenegro. 12Bet crawled out of the womb in 2007 and is a popular betting service for Asians residents.

The 12Bet brand is also a common sight throughout Europe thanks to previous sponsorship deals with English Premier League (EPL) clubs Leicester City and Arsenal.

Felipe Ramos joins Ascensus Interactive LLC and PCFPoker.com

Felipe Ramos has become the first pro to represent Ascensus Interactive LLC, as their flagship online poker room, PCFPoker.com joins the Microgaming Poker Network.

Some players find sponsorship deals as challenging to come by as decent toilet paper in school, and then there are those that always seem to be on the books of one poker outlet or another.

Felipe Ramos falls into the latter category.

Ramos is the first major signing for the newly created Ascensus Interactive LLC, a London-based online gambling company claiming to provide a ‘dedicated, responsible and charitable approach to iGaming’.

Bitcoin SV is a utility platform and does not need casino-style crypto only exchanges

There is so much confusion out there about what Bitcoin SV is. Yes, most by now understand that it is the original Bitcoin following the original design, protocol and vision of Satoshi Nakamoto based on the white paper and other sources. Most everyone smart also by now agrees that Craig Wright is the inventor of Bitcoin.

However, the distraction caused by the endless trolling and cyberbullying of Craig and his legal efforts to stop them are not what is important. What is important is to understand the different between Bitcoin SV and all other copycat platforms and why they are all so scared of Bitcoin SV.

Binance and a cartel of these altcoin-dependent exchanges just launched a delist attack on Bitcoin SV under the guise of it being about Dr Craig Wright. I am sure the young and inexperienced leaders of Binance and the cartel think this is smart. It is not.

They are right that Bitcoin SV is an existential threat for them all. Bitcoin SV is designed to be the “power everything” platform, and can scale to do everything that all other blockchain and DLT project claim to do and far far more. It can power Internet of Things Dr Craig Wright’s greater vision of the Metanet, where Bitcoin SV subsumes and powers the entire Internet and monetizing all data.