Monthly Archives: February 2021

Crown boss confirms exit, but won’t leave empty-handed

Crown Resorts is going through a massive shakeup after the New South Wales Independent Liquor and Gaming Authority (ILGA) deemed the casino operator unsuitable to hold a license. Several top dogs on the company’s board stepped down and there was talk that CEO Ken Barton was going to give up his position, as well. That exit has now been confirmed, but Crown will reportedly give Barton some lovely parting gifts for his participation. 

According to The Guardian, Barton, who had only led the company for about a year, is expected to receive a nice compensation package as he packs up his things. He will reportedly receive AUD$3 million ($2.33 million) in severance pay, which will be more than enough to keep him going for a while. The money comes as part of his employment contract, which stipulates that he be paid a year’s salary if he leaves the company without notice. Only “serious breach or misconduct” could have prevented Crown from paying the severance. 

Barton’s exit, and the cashout, comes as he was singled out by the ILGA and its Bergin inquiry for his “serious lack of judgment,” a refusal to respond to notices of potential money-laundering activity at Crown and his close relationship to former Crown boss James Packer. Packer has been accused, among other things, of still secretly running the company after his ouster, which could have allegedly only been made possible through information provided to him from Barton. 

With Barton heading for the exit, Crown’s board chair, Helen Coonan, will have to take on additional responsibilities for now. She will wear the CEO hat while the company searches for a new boss, something she publicly states is not a role she accepts enthusiastically. She said in a Crown notice to the Australian Securities Exchange, “Assuming the role of executive chairman is a decision I have not taken lightly but the board feels it provides leadership stability and certainty at this important time for the business.”

IPI chair facing prison and major fines if contempt charge upheld

Imperial Pacific International (IPI) Chair Cui Li Jie may have been portrayed as a helpless victim by her legal team, but the courts aren’t buying it. Attorney Juan Lizama told a judge last month that she doesn’t run the casino operator and doesn’t have the skills to oversee its activity, despite the fact that she is a reportedly billionaire entrepreneur, and Commonwealth of Northern Mariana Islands (CNMI) Chief Judge Ramona Manglona didn’t bite. She now wants Cui to explain why she shouldn’t be locked up for civil contempt and why she shouldn’t be fined for failing to comply with a court-ordered subpoena.

Cui and IPI have been under fire for a lot of reasons lately, but this particular episode of the ongoing drama centeres on construction workers, as well as a construction contractor. The company that made huge promises with its Imperial Palace casino resort, but which has failed to deliver on any of them, was sued for alleged labor law violations and human trafficking, for which a subpoena was issued to Cui last month. However, Cui never responded, according to the latest complaint.

The Guam Daily Post reports that one of the attorneys representing the plaintiffs, Bruce Berline, Cui received the subpoena on January 18, but, the next day, one of her associates tried to “intimidate the process server” by threatening “legal trouble” if he didn’t take it back. On January 19, IPI reportedly returned the subpoena, ostensibly as an attempt to deny it had been delivered. Berline told the courts, “Neither this attempt at intimidation nor the act of returning the physical subpoena negates its legal validity.” He added, “Ms. Cui also never moved the court to quash or modify the subpoena. On Jan. 26, Ms. Cui then failed to appear for the deposition or produce any documents. Ms. Cui clearly violated her legal obligations under the subpoena.”

As a result, Berline asked Judge Manglona to hold Cui in contempt of court, and the judge has ordered her to speak up. She faces a fine of $10,000 a day until she complies with the subpoena, and the judge could hit her with even more sanctions, including possible jail time for noncompliance. Cui has to respond by this Wednesday if she wants to avoid any further issues. 

Sazka optimistic on chances of taking over the UK National Lottery

The U.K. National Lottery is up for grabs. Currently, Camelot U.K. Lotteries Ltd. runs the show, and has since 1994. However, its license expires in 2023, and it’s time for the U.K. Gambling Commission (UKGC) to determine if someone else should be given the reins. It launched an application period last August, ready to see who would be the best fit to receive a new ten-year concession. Among those vying for the rights is Czechoslovakia-based Sazka Group, and the company is optimistic about its chances.

According to Justin King, who serves as an advisor to the company in its efforts to be awarded the National Lottery license, Sazka is in a great position to win. It already operates lotteries in Austria, Czech Republic, Greece and Italy and adding the U.K. to its portfolio would support its authority on the subject of lotteries. King is one of three advisors working with the company, alongside London 2012 Olympics deputy chairman Sir Keith Mills and lastminute.com founder Brent Hoberman.

King explained to The Mail this weekend that Sazka expects to be able to integrate its knowledge and experience in lottery management to facilitate more growth of the National Lottery. The company believes it can attract more local players to independent stores, which would help the latter regain some of the ground they’ve lost to other gambling services. He explained to The Mail, “The lottery was billed as one of the saving graces of the independent corner shop – it would be a footfall driver, a reason for regular visits, which perhaps those corner shops have lost.”

Sazka will first need to avoid any fallout related to possible ties to pedophile Jeffrey Epstein. The Mail points out that Apollo Global Management, which has also had its eye on several gaming-based companies, is helping fund Sazka’s bid for the National Lottery. The company is run by Leon Black, who reportedly had ties to Epstein, who reportedly killed himself in prison in 2019. Black is stepping down as Apollo’s CEO this summer as a result of the connection to Epstein.

Tony G Challenges Phil Hellmuth as Pros Line Up to Take Down the Poker Brat

Tony G wants a piece of Phil Hellmuth. Just four weeks after ending his political career, G is back in the game and taking aim at one of his old sparring partners.

Tony G is the latest player to call out Phil Hellmuth as heads-up fever takes hold. (Image: YouTube/WPT)

With everyone taking potshots at Hellmuth right now, including Daniel Negreanu, the loudmouth Lithuanian wants to dance.

Tony’s tweet comes at a time when high-profile heads-up battles are becoming the norm. However, for a match between two of the game’s best talkers to happen, it has to take place on TV.

Sports gambling continues to be a huge success in Indiana

Hoosiers love their basketball. Ask anyone in Indiana and they’ll tell you that basketball isn’t just a sport; it’s a religion. The Indiana University Hoosiers’ basketball program has always been one of the best in the U.S. and the NCAA Hall of Champions is located in Indianapolis as a testament to the state’s attraction to basketball. On the NBA level, the Indiana Pacers have a massive following across the state, and all the attention given to hoops is paying off in a big way. Indiana continues to set new records with its sports gambling market, most of which is coming from basketball.

In February of last year, the Indiana Gaming Commission (IGC) reported a handle of $187 million, a 10% increase from January. That wasn’t surprising, given the NFL Super Bowl action; however, assuming the money went to football would be wrong. The Big Game received $11.6 million in bets, while college and pro basketball accounted for over $90 million. 

Indiana continued to raise the bar on the sports gambling industry when the state’s sportsbooks recorded $251.4 million in November of last year, a $20-million increase over the prior month’s action. Much of that was destined for football as the NFL and college games were heating up, but, if there was any doubt of the importance of basketball in Indiana, the most recent numbers will push all of it aside. The IGC just released the latest figures on sports gambling and January was another record-setting month, the fifth consecutive month of breaking records. $348.2 million was wagered in the state last month, an increase of 11.2% over December and more than 100% over January 2020. Of that amount, $133.2 million went to hoops, making it the most money ever spent on one sport in the state. Football only got $77.6 million of the action. 

That’s not only good news for sportsbooks operating in the state, but it’s good news for the state’s budget, as well. With a tax of 9.5%, January gave Indiana’s government almost $2.8 million in tax revenue and, over the past 12 months, the state has received over $20 million. That’s not too bad for a local industry that has only been around since September 2019. 

California slaphouses continue to get slapped by the police

It’s not easy trying to be a provider of illegal gambling activity in California. The Golden State has a history of digging up underground gambling houses and isn’t slowing down. Last week, police in Anaheim descended on a business they suspected was operating as a slaphouse, an illegal gambling site, and weren’t wrong. By the time the raid was over, around 70 people had been arrested, even as many tried to scatter like rats from a sinking ship.

What was reportedly a furniture store was actually an illegal gambling property. Police spent two months gathering evidence and securing their case before moving in last Wednesday, serving a warrant that morning and confirming their suspicions. Inside, there were gambling machines, money and guns, as well as a number of gamblers. Some of those busted out windows as they tried to make a run for it, only to be met outside by more police, including members of the local SWAT team.

The slaphouse was reportedly able to function undetected 24 hours a day, seven days a week. Police had received numerous complaints about the operation before they launched their investigation, and are becoming more familiar with the seedy underground gambling scene that continues to emerge across California. Most of these, in addition to offering a form of entertainment California lawmakers don’t want to address, involve illegal weapons and, on occasion, illegal drugs, making them a public risk that has to be contained. 2019 saw a number of slaphouses busted, most around the Los Angeles area. Other cities have to deal with them, as well, with Long Beach often a favorite go-to spot for criminals.

This is the second time in five months that Anaheim police have intervened in an illegal gambling house. Last October, 70 people were arrested when they moved in on a supposed slaphouse, uncovering video gaming machines, electronic gaming tables and more. That raid apparently didn’t provide the example that it should have, as the raid last week occurred right next door to that October bust.

Universal Entertainment in the market for a SPAC for Okada Manila

Almost three years ago, Universal Entertainment Group had a dream. It wanted to see Okada Manila, owned by subsidiary Tiger Resort, Leisure and Entertainment, listed on a stock exchange somewhere. Things didn’t go as planned initially, but it’s time for the pieces to be put in place, and Universal is going to make another run. This time, it wants help from a special acquisition company (SPAC) in the U.S. so it can fulfill its dream. Given the rise in popularity of SPACs in the gaming industry lately, Universal probably won’t have too much difficulty finding a partner, as long as its sordid past can be kept behind it.

Universal wants a SPAC, also often called a blank-check company, willing to take a chance on helping Okada Manila become a publicly-traded company in the U.S. It hopes to land a spot on either the NASDAQ or the NYSE, and will take whatever it can get. The resort’s continued cost-saving efforts to combat COVID-19 have reportedly paid off, and Universal is convinced that the timing is perfect for a public launch. 

In a letter sent to investors last week about the search for a SPAC, Universal asserted, “In view of this situation, [and] having positioned its IR Business as the core business of the Company Group, the Company recently arrived at the decision to pursue a detailed examination of the listing of that business on either the U.S. NASDAQ Stock Exchange or the New York Stock Exchange with the aim of realizing the further expansion of that business and greater corporate group value.”

2020 saw a lot of interest being given to SPAC deals, and that was just the beginning. 244 blank check companies connected with entities looking for a way to go public, ultimately attracting $78.2 billion through initial public offerings (IPO). However, 2021 is on par to see even greater activity, with 134 SPACs having attracted $39 billion from the start of the year until last Friday.

Hawaii to let DHHL decide if casinos can help the state

A lot of Hawaiian lawmakers may have opinions on how to start up a casino industry in the state, but the decision of how to move forward will rest with the Department of Hawaiian Home Lands (DHHL). The Honolulu Star Advertiser reports the DHHL will have five years to decide if casinos are a good idea.

This next step in Hawaii’s hope for a casino industry comes as proposed amendments to Senate Bill 1321 would give them the responsibility. With the measure, the DHHL has until December 21, 2026 to decide if it was casinos in the state.

The proposed reason to have casinos in Hawaii is to help DHHL fund their Home Lands beneficiaries’ program. 28,000 Hawaiian natives are waiting to be allotted homes to return to on their ancestral lands.

Under the new proposed amendments, the DHHL would have to endorse casinos with “a super majority.” If the DHHL agrees casinos are the best idea, it would not automatically legalize casino gambling across the islands. Native land would be prohibited, said Senator Maile Shimabukuro.

Nevada allows casinos to raise capacity to 35%

Restrictions on Nevada casinos are loosening today, February 15. Governor Steve Sisolak has announced that casinos can expand their capacity from the previous 25% limit to 35%.

“As we ease restrictions, we must follow the science and studies, which states clearly and repeatedly that closures to certain settings are more impactful in reducing disease transmission,” Sisolak said February 11 update on Nevada’s COVID-19 response efforts. “While we are hopeful that trends will continue to decrease if all mitigation measures are followed, we must remain flexible – as we have done all along.”

These restrictions could be relaxed thanks to a much-improved Covid-19 transmission rate. Whereas there were 2,709 average daily cases in the early days of December, the most recent 14-day average is 650 cases.

On top of the 10% jump, if the pandemic continues as expected, businesses will be allowed another jump to 50% capacity on March 15. But if everyone does their part and reduces Covid-19 spread by April 15, Nevada will hand control over to local jurisdictions. “In order to reach this goal, counties will have from now through the end of April to demonstrate a decrease in COVID trends, adequate hospital capacity within their region, and evidence that they can continue performing an adequate level,” Sisolak said.

Premier League Review – Gameweek #24

At the start of the weekend, it was still all to play for in the Premier League as Liverpool were looking to solidify a place in the top three and put pressure on leaders Manchester City. By late on Saturday evening, the gap between last year’s top two was 13 points in favour of The Citizens, and a procession for Pep Guardiola’s side looks more than likely.

With other big sides such as Leicester City, Manchester United and Chelsea all in action, who got the better of their opponents and which sides will be looking over their shoulders?

Let’s take a look back at the action.

Leicester City 3-1 Liverpool

Poker Players Discuss Bitcoin’s Rise, Potential for Sustained Growth

Many poker players are heavily invested in more than just their poker games. Take Bitcoin, and other cryptocurrencies, for example. Doug Polk, among others, made some bold takes recently on Twitter in regards to Bitcoin, which is now hovering around $50,000.

What does the future hold for Bitcoin? (Image: Forbes)

Polk, who previously ran a crypto YouTube channel, is in it for the long-haul. He believes Bitcoin is the way of the future and considers the investment profitable long-term. He certainly isn’t the only one in the poker community. Mike McDonald, Haralabos Voulgaris, and Chris Moneymaker are among those who are all-in on the cryptocurrency.

Thats also not to say I think you should sell now… I think you shouldnt. This ride could get way crazier. But what is important to take away is that when the upswing ends there could be a sharp drop, dont let that trick you into thinking its the same as the last crash.

Seven final poker quotes to inspire you

When it’s played right, poker should inspire everyone at the table, win or lose. Of course it’s nice to walk away from the felt a winner, but it shouldn’t define your mood. If it does, maybe you’re in the wrong game.

Better a rye smile and a few funny words than anything is our motto and it’s with that spirit in mind that we present to you seven final quotes from the great game to inspire your own week at the felt.

Let’s get the lesson on!

1. “People would be surprised to know how much I learned about prayer from playing poker.”

Australian Open epic sees Kyrgios beaten in five sets by Thiem

The Australian Open action over the weekend has both reduced the field in the Men’s Singles event and improved the chances of anyone backing the top three as Novak Djokovic, Daniil Medvedev and Rafael Nadal all made stride towards the business end of the year’s first Grand Slam.

Others fell by the wayside, however, including both men who were involved in the game of the Australian Open so far.

Kyrgios Leads by Two Sets, Loses in Five

The roar of approval for Nick Kyrgios in taking on Dominic Thiem could have been heard from the moon as the bad boy of men’s tennis clashed with a player he had previously described as exciting as “watching paint dry”.

CardsChat Presents: Big Winners of the Week

Everybody loves big tournaments and big prize pools. But exciting poker takes place at all levels, all around the world, live and online. Here’s a smattering of big victories, hand selected by our CardsChat News team, for the week ending Saturday, Feb. 13, 2021:

(Image: GGPoker)

Justin Bonomo

$10K Super MILLION$