Monthly Archives: April 2019

NetEnt announced as Main Stage Sponsor at MARE BALTICUM Gaming Summit 2019

Vilnius – 1 April 2019 – The second edition of MARE BALTICUM Gaming Summit is reaching new heights with large names of the gambling industry showing support for the conference and there is no doubt that the agenda is including many stellar industry names this year as well.

Register here or View the Agenda!

The organizers, European Gaming Media and Events, are honored to announce the latest highlighted sponsor profile at the yearly Baltic and Scandinavian Gaming Summit is NetEnt as Main Stage Sponsor.

NetEnt has been active as usual and they are releasing new slots games regularly. Among the many news about the company, we will find some of their interesting new releases which include Temple of Nudges, Scudamore’s Super Stakes and Golden Grimoire.

Suncity sees increased revenue in 2018, but still struggling

Suncity Group Holdings didn’t have a great 2018, despite an increase in revenue. The Asia-based gaming and travel investor saw its revenue increase year-on-year by 45.5% to $118.1 million, but lost in the end due to an exchange loss of $26.96 million associated with convertible bonds and changes in the fair value of derivative instruments with $128 million. Because of these factors, the company ended up in the red, reporting a loss of $217.5 million compared to the profit of $29.35 million seen a year earlier.

The growth at the company was attributed to an increase in sales of some of its property and increased sales performance of some of its travel products and services, according to a filing with the Hong Kong Stock Exchange (HKSE) from Friday. The boost was also due to an increase of consultancy services on hotels and integrated resorts.

Suncity is controlled by Alvin Chau Cheok Wa, who also controls Macau junket investor Suncity Group. That entity is one of the largest investors in junket room operations in the city, according to some analysts, but Suncity Group Holdings doesn’t include any Macau junket profit streams as part of its assets.

Suncity Group Holdings purchased the entire equity stake of Star Admiral, Ltd. That entity owns around 34% of a casino being built in Hoi An in Vietnam, which will reportedly have over 140 gaming tables, more than 300 slot machines and 1,000 hotel rooms. Those amenities will all be ready when the first phase of the venue’s construction is finished later this year.

High-roller refuses to pay $30.6M debt over casino dealer gaffe

Between July 26 and August 1, a businessman out of Singapore blew through AU$43.2 million ($30.6 million) at the Star Gold Coast Casino in Queensland, Australia. The businessman, Wong Yew Choy, had been catered by the casino, giving him the five-star treatment from the time it picked him up on its private jet to the time he returned to Singapore. The venue let Wong’s gambling ride, knowing he was good for it. However, by the time the weeklong trip was done, the money was gone and Choy is refusing to pay up.

Star Entertainment, which operates the casino, is going after Wong in a Singapore court over the debt, which is said to be the largest ever in the city-state. It argues that Wong had given the casino a blank check, which was to be filled in by Star Gold Coast. However, the check bounced when it was presented to the Singapore bank upon which the account was drawn.

Wong had been gambling away the week playing baccarat and argues that it isn’t his fault he lost. He says that the dealers made multiple mistakes, which were later confirmed by casino official in writing.

Impatient over the assumed incompetence of the dealers, Wong was ready to leave ahead of schedule. However, he was convinced to stay longer after several hosts offered to provide him more credit and a letter he received from the casino’s chief operating officer, Kelvin Dodt, assured him that no more mistakes would be made. Upon agreeing to continue, he asserted that he wouldn’t pay for any losses if the errors continued.

UK betting lockdown takes effect, casinos ready for blow

Today is the day that a major change related to fixed-odds betting terminals (FOBT) in the UK is officially implemented. No longer will the machines be allowed to offer odds of up to £100 ($130) after two years of debate at the legislative level determined that this was too high. Instead, from now on, the maximum odds are only £2 ($2.60).

The move will undoubtedly lead to the closure of gambling shops and greater unemployment ahead of any Brexit move. Companies will be looking to innovate in order to cover their losses, but those innovations need to be compliant with new regulations. The UK Gambling Commission (UKGC) has already warned that it is going to be policing more than ever and has already issued a warning to at least one gaming manufacturer, asserting that its new machine, designed for the FOBT changes, is non-compliant.

In a statement issued ahead of the change, the UKGC stated, “We have been closely monitoring operators’ plans to manage the implementation of the stake cut and we will continue to watch very carefully to ensure that any changes and developments to these products are done with a focus on customer safety. It’s imperative that operators invest in and use data, technology and measures to identify harmful play and can step in to protect players when needed.”

When the changes were announced last year, the Association of British Bookmakers asserted that the reduction in stakes would cause at least 4,500 gambling venues—over half of the market—to close and could force at least 20,000 people out of work. However, in limited areas where the changes were implemented to test the impact, the change hasn’t been as drastic as some had expected. According to The Guardian, Birmingham, the second largest city in the UK, reduced its FOBTs to the £2 level a year ago, and the change has only resulted in a “mixed” response and that facility managers described the change as “noticeable but not devastating.”

Quickspin goes live on Enlabs’ international casino brands

Stockholm, April 1st, 2019 – Swedish slot specialist Quickspin, a Playtech Group company, has signed a deal with international online gaming, media and solutions company Enlabs, to deliver their full portfolio to the company’s many casino brands.

Quickspin’s entire portfolio, including both the games and the promotional tools in the Quickspin Promote catalogue, will go live on all of Enlabs’ casino brands and licensed markets. These markets currently include Sweden, Latvia, Estonia and Lithuania.

All of Enlabs’ casino customers will therefore have access to the recently launched space adventure, Ticket to the Stars, as well as highly volatile Art Deco saga, The Grand.

Chris Davis, Enlabs Head of Gaming said “We’re extremely proud and happy to expand our offering with Quickspin’s outstanding game portfolio and gamification tools. We’re confident that our customers will love their games and add-ons just as much as we do.”

Bitcoin SV thriving with massive scaling, big blocks every day

Big blocks are becoming an everyday affair for the Bitcoin SV (BSV) blockchain. After the world saw the first 128MB block mined on March 30, several more big blocks have been mined, proving again and again that when Bitcoin was unleashed, it provided possibilities the world was waiting for.

On March 31, at 7:41 p.m. UTC, another 128MB block was mined, this time by CoinGeek Mining. It held 1,398 transactions, and came with an award of 1.27 BSV, higher than the regular block award. That’s crucial, as it demonstrates scaling to allow more transactions in a block, and thus higher fees for the miner, provides a new economic model for miners to pursue for profitability, and allow Bitcoin’s success in the long term.

This block size isn’t a fluke either. The blockchain also saw an 87MB block and a 101MB block on March 31. BSV is proving that the Bitcoin Core (BTC) crowd couldn’t have been more wrong when they said big blocks couldn’t be done. It’s also proving that Bitcoin Cash ABC’s (BCHABC) path of instability and protocol changes drove users and developers away. Instead, they came to BSV, the only crypto using Bitcoin’s original whitepaper as intended, because of the stability it guarantees, and the limitless on-chain possibilities it’s creating from massive scaling.

The long term profitability created by these big blocks, and all the transaction fees they net for miners, can’t be emphasized enough. This is what Bitcoin’s business model was always meant to be, to ensure miners always had a reason to focus their efforts on the blockchain, gaining transaction fees for their work when block rewards dry up.

EPL week 32 review: Huddersfield go down; Liverpool lead; Utd level with Spurs

A review from the top and bottom of the English Premier League with Huddersfield dropping into the Championship, Liverpool retaining a two-point lead over Man City, and Man Utd drawing level with Spurs in the race for a Champions League place.

For lovers of the English Premier League (EPL) the interruption of the international break is as welcome as the plague.

The rats are dead.

The thunderstorm of the EPL is back, and one of the many puzzles that will solve themselves in the next six games is no longer a puzzle.