While the 3-year-old division still tries to sort itself out, seven colts and geldings are entered for the $500,000 Ohio Derby (G3) June 22 at JACK Thistledown Racino, topped by Global Campaign and Owendale.
Monthly Archives: June 2019
Despite Defeats Wests Have Strong 3-Year-Old Hand
As much as there was the sting of Maximum Security suffering his first loss on the racetrack in the TVG.com Pegasus Stakes at Monmouth Park, the outlook is anything but gloomy for owners Gary and Mary West.
TOBA to Host Annual National Awards Dinner
The Thoroughbred Owners and Breeders Association announced June 17 that the 34th annual TOBA National Awards Dinner will be held Sept. 7 at Fasig-Tipton in Lexington, Ky.
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New York senate okay mobile betting; eyes on Assembly, Cuomo
New York’s mobile sports betting hopes took another step closer to realization after the state senate approved their wagering legislation.
On Monday, the New York state senate okayed SB17D, which would authorize digital betting operations in the state, as well as in-stadia wagering at major sports venues, plus betting kiosks at racetracks and off-track betting parlors.
Monday’s vote was by an emphatic margin of 57-5 but the bill is believed to face a far more uncertain future from this point forward. While Assembly figures insist they have more than enough votes to ensure the bill’s passage, it’s unclear whether Assembly Speaker Carl Heastie will permit a wagering vote when there are more pressing issues to consider before the current legislative session concludes on Wednesday.
There’s also the small matter that Gov. Andrew Cuomo publicly expressed misgivings just last week about (a) the chances that a betting bill will be passed before the deadline, and (b) whether such a bill would conflict with the state constitution, which requires a voter referendum on expansion of gambling options.
David Simcock Snares Goffs London Sale Top Lot
A short, sharp session took place at Kensington Palace Gardens June 17, and by the time the last of 22 lots had been offered at the Goffs London Sale, 10 horses had sold for a turnover of £3.15 million (US$3,963,640).
Le Brivido Treads Familiar Queen Anne Path for O'Brien
Aidan O’Brien’s three previous winners of the Queen Anne Stakes (G1) were well beaten before their Royal Ascot victories and the trainer is hoping it will be a familiar story in the royal meeting’s curtain-raiser June 18 with Le Brivido.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/dutch-online-gambling-license-applicants.jpg)
79 operators express interest in Dutch online gambling license
The Netherlands’ gambling regulator has received 79 expressions of interest from companies seeking the country’s new online gambling licenses.
On Monday, the Kansspeautoriteit (KSA) regulatory body announced that 79 parties had filled out the online form indicating their eagerness to receive one of the new Dutch online gambling permits. The KSA has established a June 21 deadline for companies to make their intentions known.
The KSA didn’t disclose the names of the 79 early birds, although numerous members of the industry’s familiar face brigade have publicly stated their intention to apply. The KSA has already announced that it won’t be accepting actual applications until July 1, 2020 and the new regulated market isn’t likely to commence until January 1, 2021 at the earliest.
Among the prospective applicants will be Holland Casino, the state-run land-based casino monopoly whose privatization was scrapped last month when Dutch politicians decided they already had too much on their plate crafting the nuts and bolts of online gambling regulation.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/eldorado-resorts-century-casinos-vici-properties-deal.jpg)
Eldorado Resorts sells three venues to Century Casinos, VICI
Regional casino operator Eldorado Resorts has sold three of its venues to rival Century Casinos and real estate investment trust VICI Properties.
On Monday, Eldorado informed investors that it had reached a $385m deal to unload its West Virginia property Mountaineer Casino Racetrack & Resort (pictured) along with two Missouri riverboat operations – the Isle Casino Cape Girardeau and the Lady Luck Casino Caruthersville – to Century and VICI.
Assuming regulators approve, Century will pay $107m for control of the three venues’ operations while VICI will pony up $278m to acquire the casinos’ land and real estate assets. The deal requires Century to pay VICI an initial annual rent of $25m on the three properties for the first 15 years, with four five-year renewal options.
Eldorado CEO Tom Reeg called Monday’s sale announcement “consistent with our continued focus on optimizing the results from our regional gaming platform, generating growth through strategic acquisitions and realizing value through sales.”
Horses to Watch This Week at Royal Ascot
Melissa Bauer-Herzog, for America’s Best Racing, looks at top horses, horses with United States ties, and horses campaigned by The Queen expected to start this week at Royal Ascot.
Blue Point Aims to Defend King's Stand Victory
Blue Point carries Godolphin’s highest hopes as he bids to become just the fourth dual winner of the King’s Stand Stakes (G1) in modern times and second in that period to win the sprint in successive years following Sole Power in 2013 and 2014.
Prince of Wales's Field Lives Up to Hype
The 1 1/4-mile Prince of Wales’s Stakes (G1) looks set to live up to its billing as the race of Royal Ascot 2019 after a stellar field of eight was confirmed for the June 19 feature.
Phoenix of Spain Ready for St. James's Palace Stakes
Phoenix of Spain (IRE) seeks to hammer home his talents when venturing to Royal Ascot with the chance to stamp himself king of the classic milers when he starts in the St. James’s Palace Stakes (G1) June 18.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/germany-online-casino-payment-processing.jpg)
Germany targeting online casino payment processing
Germany has launched a new campaign against online casino payment processors following this spring’s approval of a new temporary federal gambling treaty.
On Monday, Boris Pistorius, Minister of the Interior and Sport in the German state of Lower Saxony, announced that the state government had informed an unidentified international payment processor to immediately suspend its relationships with internationally licensed online casino operators targeting German customers.
Pistorius added that his office was “signalling and expect pressure on other payment service providers” to observe the federal gambling treaty’s requirement to “refrain from payments in connection with unauthorized gambling.” Some processors have already taken these steps, which Pistorius held up as evidence that “an effective approach is quite possible.”
Earlier this spring, a German court ruled that local financial institutions were responsible for ensuring that their operations didn’t facilitate illegal gambling transactions. This followed a 2018 ruling in which a German bank was told it couldn’t compel a reluctant gambler to pay charges he’d incurred funding wagers with an internationally licensed online casino.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/sweden-ninja-casino-global-gaming-license-revoked.jpg)
Ninja Casino’s Swedish license yanked due to AML, social failures
Ninja Casino‘s parent company has had its Swedish online gambling licenses revoked after the regulator found the company’s social responsibility and anti-money-laundering (AML) measures to be inadequate.
On Monday, Sweden’s Spelinspektionen regulatory body announced that it had ordered the immediate revocation of the online casino and sports betting licenses of SafeEnt Ltd, a subsidiary of Sweden-based Global Gaming. The regulator took the unprecedented step after discovering “serious deficiencies in the company’s operations, including applicable gaming responsibility and measures against money laundering.”
Spelinspektionen said SafeEnt, whose brands include the popular Ninja Casino, had “violated several of the most central parts of the game law,” including allowing customers to exceed their online deposit limits and failing to intervene when customers demonstrated obvious signs of problem gambling behavior.
In addition, Spelinspektionen said it found “serious and systematic shortcomings” in SafeEnt’s AML and terrorist financing measures. SafeEnt also violated Sweden’s increasingly strict rules regarding bonus offers and to have offered lottery products that weren’t covered under the company’s local licenses.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/leander-boosts-content-offering-with-iwg.jpg)
Leander boosts content offering with IWG
Supplier’s instant win games integrated onto LeGa platform
Monday 17th June: Leading instant win games supplier IWG has expanded its reach to the commercial sector after entering into a partnership with independent games and platform provider Leander.
As part of the agreement, IWG’s full portfolio of games has been seamlessly integrated onto the LeGa Remote Gaming Server (RGS).
Leander’s operator network, which includes Betsson Group, Stars Group and Videoslots, will now have access to a wide range of releases from the instant win supplier, such as its hugely popular Cash Buster series.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/New-Jersey-by-Nick-Youngson.jpg)
NJ Online Gambling Sites Generate $52.09 Million in May 2019
![](http://www.thedailypayoff.com/wp-content/uploads/2019/05/casinos-speak-up-mobile-sports-bets-massachusetts.jpg)
NJ online gambling operators generated a total of $52.09 million in online poker, casino, and sports betting gross revenue compared to a total of $53.08 million in the previous month. Sports betting revenues are still led by FanDuel Sportsbook (Sports betting revenue reports under Meadowlands,) and online casino revenues continue to be led by the group of sites under Golden Nugget Casino.
Online gaming revenue declined 1.8 percent in May compared to the prior month, according to figures released Wednesday by the New Jersey Division of Gaming Enforcement. New Jersey online gambling operators report revenues in three gaming categories;
- $36.54 million in gross online casino gaming win
- $13.75 million in gross online sports betting win
- $1.79 million in gross online poker gaming win
New Jersey online gambling operators saw a slight dip in revenues in May as the sport season moved into one of the slowest periods of the year. However, despite dropping sports revenue, May marked the second largest online casino revenue month since market inception, generating $36.54 million.
Gross revenue growth on casino games was led by operators under the umbrellas of Golden Nugget Online Casino and Resorts Online Casino. Golden Nugget’s $14.07 million reporting includes gross casino game revenues from Golden Nugget Online Casino and SugarHouse Online Casino, to go along with both Betfair Online Casino and FanDuel’s online casino players. Resorts Online Casino’s $7.28 million gross casino games revenue comes from play at DraftKings, Mohegan Sun Online Casino, Resorts Online Casino, and PokerStars, which was a jump up from the previous month as they continue their growth into 2019.
![](http://www.thedailypayoff.com/wp-content/uploads/2019/06/New-Jersey-by-Nick-Youngson.jpg)
“It’s encouraging to see sustained online casino growth in Q2 as we lead into the slow betting & online casino months of the year. This just proves the power of sports betting as a key factor in building up online casino play. The big story ahead will be with Pennsylvania, who launched online sports betting last week and should have online casino in market by the end of July. It will be a big year for the online gambling industry in America.” said BonusSeeker.com Managing Editor, Rich Migliorisi.
New Jersey Online Gambling Revenue by the Numbers – May 2019 (in $ millions)
Casino | |
Golden Nugget | $14.07 |
Resorts | $7.28 |
Borgata | $5.51 |
Caesars | $3.76 |
Ocean Resort | $0.476 |
Hard Rock | $1.52 |
Tropicana | $3.92 |
Total | $36.54 |
Poker | |
Golden Nugget | $0 |
Resorts | $.689 |
Borgata | $.394 |
Caesars | $.715 |
Ocean Resort | $0 |
Hard Rock | $0 |
Tropicana | $0 |
Total | $1.79 |
Combined (Casino + Poker) | |
Golden Nugget | $14.07 |
Resorts | $7.969 |
Borgata | $5.9 |
Caesars | $4.47 |
Ocean Resort | $0.476 |
Hard Rock | $1.52 |
Tropicana | $3.91 |
Total | $38.34 |
Sports | |
Bally | $.235 |
Borgata | $.119 |
Golden Nugget | $-.017 |
Hard Rock | $-.039 |
Ocean Resorts | $.626 |
Resorts Digital | $4.10 |
Meadowlands | $7.86 |
Monmouth | $1.79 |
Tropicana | $.008 |
Total | $13.75 |
![](https://thedailypayoff.com/wp-content/uploads/2019/06/Mountaineer-Casino.jpg)
Eldorado Resorts To Divest Several Properties
![](http://www.thedailypayoff.com/wp-content/uploads/2019/06/Mountaineer-Casino.jpg)
Eldorado Resorts, Inc. announced today that it entered into definitive agreements to sell Mountaineer Casino Racetrack and Resort in New Cumberland, WV; Isle Casino Cape Girardeau in Cape Girardeau, MO; and Lady Luck Casino Caruthersville in Caruthersville, MO, for aggregate consideration of $385 million in cash. Pursuant to the terms of the agreements, Century Casinos, Inc. will acquire the operating assets of the three properties for approximately $107 million, subject to a customary working capital adjustment, and VICI Properties Inc. will acquire the land and real estate assets of the three properties for approximately $278 million.
The transactions are subject to regulatory approvals and other customary closing conditions and are expected to close in early 2020.
Tom Reeg, Chief Executive Officer of Eldorado, commented, “The agreements to divest Mountaineer Casino, Isle Casino Cape Girardeau and Lady Luck Casino Caruthersville are consistent with our continued focus on optimizing the results from our regional gaming platform, generating growth through strategic acquisitions and realizing value through sales. The sale price for these three properties represents an attractive multiple of their aggregate trailing twelve months cash flows and provides additional capital that we expect to deploy for shareholder value enhancing initiatives. Following the completion of these transactions, Eldorado will continue to benefit from our geographically diverse portfolio of regional gaming assets that we believe have potential for further margin growth and increased cash flow.”
Macquarie Capital is acting as exclusive financial advisor and Milbank LLP is acting as legal counsel to Eldorado in connection with the proposed transactions.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/betconstruct-attends-age-cambodia.jpg)
BetConstruct attends AGE Cambodia
BetConstruct is traveling to sunny Cambodia to take part in the Asian Gaming Expo and Conference held on June 27-28.
By participating in this grand event in South East Asia, BetConstruct takes the chance to network and build new business relations. The software developer will demonstrate its award-winning products at Stand 133-136 during AGE Cambodia among which is forward-looking Sportsbook with 40K live and 65K prematch events available in 5 views including localized Asian interface and accessible payment options.
The company keeps on developing and improving its Casino Suite offering market-specific solutions to local operators such as popular card games played by skilled dealers in state-of-the-art Live Casino and slot games from top designers.
Esports is also in high demand with its 9.5K unique live events and the coverage of most famous championships such as LoL. CS:GO, DOTA2, etc. Virtual Sports is enhanced with powerful graphical solutions and developed using the most advanced 3D visualisation to deliver 8 sport types for players.
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FanDuel and DraftKings facing new lawsuit for false advertising
Newcomers to sports betting, and particularly daily fantasy sports (DFS), could be forgiven for not knowing much about the history of FanDuel and DraftKings. The two operators have recently become respected partners of giant corporations like Disney and have led the sports betting revolution in the U.S.
One lawsuit is looking to remind everyone that the two sites have a history of controversy, and help their customers win back some of the money lost on their platforms. Troxel Law have put up the website dailyfantasysportsclaim.com, specifically looking for customers who have lost funds on the two sites since January 1, 2015.
The site spells out exactly why they believe there’s a case to be made against FanDuel and DraftKings, and they believe it’s a case of false advertising:
“According to the lawsuits, FanDuel told its investors that only the top 0.1% of users actually win money, and only a tiny minority of DraftKings players won money over the long term.
![](https://thedailypayoff.com/wp-content/uploads/2019/06/gaming-tech-company-gan-delist-euronext.jpg)
Gaming tech company GAN to delist from Euronext
Shareholders of online gambling technology company GAN have given their approval to see the company delisted from the Euronext Growth trading platform. GAN has been floated on the exchange since November 2013, but will be removed as of 7 AM local time this Wednesday. The move comes as the company has seen no trading of its stock on the Dublin-based platform.
According to The Times media outlet in the UK, GAN shareholders held their annual meeting in London last week, approving the suggestion that the company be delisted. Dermoot Smurfit, GAN’s CEO, explained that there was “no trading going on” and that staying on the market was a “waste of time and energy and administrative overhead.”
There may be more to the decision than that, however. A few months ago, it was announced that the company could possibly be looking to sell the business, or that it could be considering a listing on a stock exchange in the US.
GAN has been around since 2002. It creates and distributes Internet gaming and betting services, software and content to business-to-business customers in the US and across Europe, and has seen revenue growth of over 100% since the US Supreme Court defeated the Professional and Amateur Sports Protection Act of 1992 (PASPA) in May of last year. In absence of any interest on the Ireland-based exchange, and huge potential in the US and other recently opened markets in Europe, a move to another exchange would be strategically advantageous.