Tag Archives: i-gaming

Jimmy Fricke: Grow Fatter With Me

Jimmy Fricke has decided to branch out and write a food blog. Lee Davy lends his opinion and picks out a few more superstars of poker who could get a thing going with a personal blog of their own.

There is an inextricable link between poker and dining. The two go together like shoes and socks. You travel to the most exotic places in the world, play poker, get knocked out and then spend the rest of the night eating at the most expensive restaurants whilst sweating on the results of credit card roulette.

The World Series of Poker (WSOP) can hit you hard in the pocket, more than most, when it comes to food. If you are not sufficiently organized you could end up doing as much dough off the tables as you do on it. Fortunately, for the WSOP grinders, Jimmy Fricke has come to the rescue.

Gobboboy has started a food blog and his area of concentration is Las Vegas. The blog is aptly named: Jimmy Eats Vegas where he offers you the opportunity to ‘Grow Fatter With Me,’ and at the moment the site contains just one review: Chada Thai.

So do we have another Alan Richman on our hands, or is he nothing but a Mr. Creosote?

I liked Fricke’s first review, and think the idea is an excellent one. If Fricke can focus on the little gems that the rest of us might miss, instead of writing reviews on the more common eateries, then this blog could be a little place of gold.

The greatest thing about Fricke being a food critic, is he eats so much (sorry Jimmy but it’s true). If I were to review Chada Thai you would get two or three dishes, but with Fricke, you get an expansive lowdown on most of the menu. All American Dave, Ronit Chamani & Ryan D’Angelo, and Tatjana Pasalic have got some competition.

Inside PokerStars: Episode #5 The Data Center

PokerStars continue their Inside PokerStars series by delving into the question of gaming security as they once again head to the data center on the Isle of Man.

If you’ve ever wondered why your connection on PokerStars never seems to be disrupted and yet the rest of the online poker rooms have you reaching down your throat to pull your lungs out in despair, then wonder no more.

Inside PokerStars is back for their fifth installment of the “Look at us U.S. congressmen, we run a safe and secure online poker room” series, and this time they are answering the question: “When I’m playing online PokerStars where do the games take place?”

James Hartigan is once again tapping those fingers like a bad guy from a 1970s James Bond movie. He returns to the Isle of Man H.Q and this time he is talking to the Director of IT Operations: Gary Hill.

Hill takes Hartigan on a tour of The Data Center. A place that seems to be more secure than Air Force One. Hill tells Hartigan that only 3-4 people have access to the servers and you need to go through three different levels of security, including two different levels of biometric testing. I watched Demolition Man the other night and all it took was a fountain pen and an eyeball and Wesley Snipes was in – so I’m not so sure.

The Data Center looks like a place Scotty would hang out on the Starship Enterprise. It does give you the feeling of security, but I guess that’s the whole purpose of the series. Whilst I remain cynical about the series (timing and selection of questions, etc), I still think it’s something that should have been done a long time ago, and by every online poker room.

The most interesting thing to come out of the short video was the knowledge that PokerStars have invested in their own Internet to run independently to the real thing thus separating PokerStars players Internet experience from the rest of the world. Now I know why they operate so smoothly, whilst the rest of the pack seem to be haunted by gremlins.

Jersey becomes newest tier one eGaming jurisdiction to exhibit at ICE

Jersey eGaming (Channel Islands) has announced that it will be exhibiting at ICE Total Gaming on 3rd-5th February 2015, at Excel London. Following recent changes to it’s eGaming offering, Jersey is the newest tier-one eGaming jurisdiction to emerge, offering lost cost, high quality services.  Key features of Jersey’s eGaming proposition include:

Providing the cheapest tier one jurisdiction license costs available

Free Disaster Recovery Licenses

An independent Gambling Commission

No VAT

No eGaming Duty

0% Corporation Tax

Developing a Social Media Crisis Management Strategy for Your Casino

This is a guest contribution by Stephen Padveen, a Senior Partner with t2Marketing International. . You can connect with t2Marketing International at one of their upcoming appearances. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you.

 

When it comes to online gaming, players can be sensitive to even the smallest of issues. What’s more, the reality of the industry is such that players can easily move from one operator to another with little inconvenience to their playing experience. So when a potential crisis begins to rear its head, your casino needs to have a proper strategy in place in order to prevent the issue from spiraling out of control and becoming a viral conversation.

The advent of social media in the world of communications has resulted in information travelling at unprecedented speeds. When a problem comes up, it can take as a little as a few minutes to make the rounds before you have a crisis on your hands that threatens the reputation and, in extreme cases, the survival of your brand. Therefore, it is crucial that your business has a comprehensive social media crisis management strategy so that crises can be identified in their infancy and dealt with before they expand.

There are a number of components that will go into a social media crisis management program but there are certain universal elements that every brand should take into consideration when developing policies and best practices.

Start by Listening

This might seem somewhat intuitive, but social listening is far more than simply watching your feeds and streams for comments. In order to effectively listen to online chatter, gaming operators should be using high-level listening tools in order to pay attention to trends, observe volume spikes, monitor sentiment changes and scrutinize comments regarding their brand as well as those of competitors and the industry in general.

Caesars Entertainment’s junior creditors attempt bankruptcy coup

The tangled web that is casino operator Caesars Entertainment shows no signs of untangling anytime soon. Just days after Caesars announced it had secured the support of enough first-lien creditors to approve its plan to reinvent its debt-laden Caesars Entertainment Operating Co (CEOC) unit as a real estate investment trust, a group of aggrieved junior creditors made a pre-emptive strike to force Caesars into an involuntary bankruptcy before the company could file for Chapter 11 protection.

On Monday, Appaloosa Investment LP and funds associated with Oaktree Capital and Tennenbaum Capital asked a US Bankruptcy Court in Delaware to appoint an examiner to look into allegations that Caesars’ controversial asset transfers had “stripped [CEOC] of most of its valuable income-generating assets and hundreds of millions of dollars of cash, leaving the debtor burdened with massive debt that cannot be repaid.”

Erik Gordon, a professor at the University of Michigan, told Bloomberg that the move was intended to secure a jurisdictional advantage, in that Caesars has no casinos in Delaware and thus a judge may be more inclined to weigh the issue without factoring in local concerns over potential job losses. The filing also ensures that any subsequent bankruptcy filing would be halted until the Delaware court determines the right venue for the proceedings.

Caesars’ proposed restructuring would shave nearly $10b off CEOC’s $18.4b debt, most of those savings coming at the expense of second-lien creditors, who are set to receive equity worth pennies on the dollar. The junior creditors say Caesars’ plan treats their notes “as fully unsecured and provide them with equity that even the debtor values at a small fraction of the outstanding principal.”

On Tuesday, attorneys for Caesars Entertainment Corp told a Delaware Chancery Court judge that CEOC intends to file for bankruptcy on Jan. 20 and asked that junior creditors’ lawsuits be put on hold. Caesars’ attorneys note that a bankruptcy judge will be asked to freeze such lawsuits once CEOC files for Chapter 11 protection. Attorneys for the junior creditors said granting the request would represent “extraordinary relief for a third party that is not in bankruptcy.” The creditors have also asked for a stay on any attempt by Caesars to submit its own bankruptcy filing.

Yet another challenge facing Caesars is convincing a bankruptcy judge that the proposed restructuring is ‘fair’ to all creditors. In an unrelated case in Delaware bankruptcy courts, a judge rejected a $42b refinancing plan by Dallas-based power company Energy Future Holdings that offered certain advantages to favored creditors. The high profile of Caesars’ fiscal implosion could similarly sway a judge into requiring a less selectively punitive division of the spoils.

Meanwhile, holders of $5.4b worth of Caesars’ bank loans – including Blackstone Group’s GSO Capital Partners (last seen helping finance Amaya Gaming’s $4.9b acquisition of the Rational Group) and Fortress Investment Group – have reportedly united to force Caesars to sweeten their pot if they are to consent to their version of Caesars’ restructuring plan. Bottom line: don’t expect to wake up from this accounting nightmare anytime soon.

GVC Holdings posts sixth consecutive quarter of growth, eyes Asian expansion

UK-listed online gambling operator GVC Holdings has released a trading update showing 2014 net gaming revenue (NGR) of €224.6m, up 23% over 2013. Revenue was up 22% in Q4 – the sixth consecutive quarter of growth – thanks to sports betting turnover topping €435m, a new quarterly record. Daily betting NGR came to €302k (+24%) while gaming NGR hit €344k (+21%).

GVC says 2015 has started on a positive note, with sports wagers up 9.7% and customer deposits up 22% over the first eight days of January. CEO Kenneth Alexander (pictured) credited the boffo performance to motivated staff, who have bonus plans aligned to the level of dividends paid to shareholders. There must be some happy GVC employees, then, as GVC declared a dividend of 12.5€cents per share, up 8.7% year-on-year.

Looking forward, Alexander says he expects to increase GVC’s focus on regulated markets but don’t expect the company to mimic the ill-advised ‘volume-to-value’ strategy employed by Bwin.party digital entertainment. Unlike Bwin.party, which pulled out of many grey-market jurisdictions two years ago and has since witnessed its revenues plummet, Alexander says GVC has “no plans to exit any of the markets we are in at the moment.”

In fact, Alexander told eGaming Review that GVC was looking to expand into Asian markets sometime in 2015. Alexander offered no fixed agenda for when and where this expansion might take place but said he hoped to appoint a new Asian-facing exec in the next few weeks.

Alexander expects some potential acquisition targets may present themselves as UK-facing operators struggle with the new 15% point-of-consumption tax (POCT), which kicked in on Dec. 1. Alexander said GVC would give some of the “smaller” UK-facing operators a good looking over. Should GVC choose to pull its trigger, Alexander said they “would probably keep the brands … I prefer to take some costs out and keep the brands.”

Belgium to enforce law requiring live-dealer casinos to be based in country

Belgian gaming regulators have put online gambling operators on notice that all live-dealer casinos must be based within the country’s borders. The Belgian Gaming Commission (BGC) issued a notice on Jan. 7 stating that it has decided to enforce an existing edict banning all live-dealer casinos that beam their signals in from abroad.

All Belgian-licensed operators currently offering an online live dealer option have been given until Friday (16) to make their identities known to the BGC. A meeting will be held in February at which decisions will be made as to which operators’ live dealer offerings are considered above board. Those that can’t demonstrate their inherent Belgian-ness (Belgianity? Belgianosity?) can choose to either switch to a local live dealer supplier or stop accepting live dealer wagers from Belgian gamblers.

The BGC is one of Europe’s more tightly wound regulatory bodies, routinely adding names to its online gambling blacklist, seizing funds and arresting executives of unapproved operators and even having a go at social gaming, all the while asking for even more powers with which to bring rogues to justice.

The BGC also announced that it intends to more “clearly define the procedure for new games.” The BGC says a new procedure for approving online gambling games was needed to the “exploitation of online slot games by a B-licensee.” (B-licenses cover online gaming arcades.) Any operators who have doubts as to the legitimacy of a new game can submit the game for inspection, which the BGC promises to handle within two weeks of receiving the necessary material.

PokerStars Move Into the Food Industry With Jones & Sons Collaboration

PokerStars have come up with another innovative way to promote their brand by teaming up with the food group Jones & Sons, to host the first-ever dining experience where you can pay for your meal by winning a poker tournament.

You have to tip your hat to PokerStars. They have some blue-sky thinkers in their team.

The latest initiative is perfect for the poker community. Anyone who travels around the poker circuit understands the intimate relationship between poker players and fine dining, and PokerStars have taken it to the next level.

To celebrate the kick off of the 2015 United Kingdom & Ireland Poker Tour (UKIPT) in London, the world’s largest online poker room has teamed up with the renowned gastronomes Jones & Sons, to create the first restaurant experience where the results of a poker tournament decide the fate of the bill.

The All-In Kitchen in Haggerston, London, will host the three day special, Jan 19-21, and if you were interested – tough luck. The dining room is completely sold out for the duration of the special.

Instead of tasting the goods, you will have to salivate at the thought of eating Queen Scallops, Salt Baked Swede and Bacon Marmalade; The Nuts: Butternut & Chestnut Gratin; The Royal Flush: King Crab Thermidor and Straw Fries, and the Two Pair: Pear Tarte Tatin, Pear Caramel and Ice Cream.

You don’t have to play poker, of course, but if you choose to sit out then the three course lunch will set you back £50. Alternatively, get stuck into the action and play a three-hand tournament to try and knock a few quid off your final bill.

Cyprus casino attracts 13 interested operators; lottery privatization on hold?

The Greek-controlled southern half of Cyprus has announced that 13 companies have expressed interest in winning the right to operate a casino on its territory. Philippos Katrania, head of the government’s casino coordinating committee, announced the news on Tuesday. Katrania declined to offer up the identities of the baker’s dozen applicants, but in November, Caesars Entertainment confirmed that it was among those interested in the opportunity.

In the meantime, work continues on the country’s casino legislation. Lawmakers will begin discussions on the bill next Tuesday (20) and hope to have the bill approved by the end of January. Three weeks later, a tender will officially commence in which operators will be invited to reveal their proposals for what is expected to be a €500m project. The government expects the tender process will take an additional two months.

Constantinos Petrides, undersecretary to the president, warned legislators not to substantially divert from the bill’s original guidelines, which he said had been “painstakingly and expertly” drafted. As written, the bill calls for a venue with at least 100 gaming tables, 1k slots and 500 hotel rooms. Gaming revenue will be taxed at 15%, while annual license fees will start at €2.5m for the first four years, rising to €5m for the following four. The operator will be allowed to select the location of the project and will also be allowed to open several smaller slots-only venues in other locations on the island.

Meanwhile, the Cyprus government has been forced to announce that no decision has been made on privatization of the state lottery. Local daily Phileleftheros had reported that the lottery was targeted as one of the state assets to be sold to help repay the €10b bailout Cyprus received from the European Union and the International Monetary Fund.

On Monday, a lottery department source told the Cyprus Mail that no cabinet decision had been made regarding the sale of the lottery. The lottery generated revenue of €22.3m in 2013 while operating expenses were just €1.05m. Over the past 25 years, the lottery has contributed over €600m to the government’s coffers.

South Africa to give online gambling legislation another try

South Africa will take another stab at passing online gambling legislation in 2015, according to the author of its most recent legislative effort. Democratic Alliance shadow minister of trade and industry Geordin Hill-Lewis, who introduced his Remote Gambling Bill last year as a private member’s bill, says this time around he’s “offering government a possible solution, so I am confident that the Bill will succeed.”

PricewaterhouseCoopers analysts would beg to differ, having said in November said they “don’t see anything happening” on the online gambling front “for quite a period of time.” This, despite the country’s Gambling Review Commission having recommended updating the country’s online gambling legislation some four years ago. South Africa currently allows only sports betting to take place online while Hill-Lewis’ bill would expand the range of online betting options.

Hill-Lewis’s bill would make licensing the combined responsibility of the National Gambling Board and the country’s nine provinces. The Board would serve as an umbrella body for issuing gaming licenses but the provinces would be allowed to provide input into the process.

Even Hill-Lewis admits the Department of Trade and Industry has “not yet developed its own policy position, and, if anything, favored the prohibition of online gambling.” Regardless, Hill-Lewis intends to reintroduce his bill when Parliament reopens in February, after which he hopes it will be sent to the Portfolio Committee on Trade and Industry for debate. Hill-Lewis told ItWeb he hopes the Committee debate “will force government to engage properly around this argument.”

LAND-BASED OPERATORS ONLINE FEARS UNFOUNDED

Meanwhile, the Casino Association of South Africa (CASA) is waging a campaign to convince people that online gambling poses a threat to the country’s brick-and-mortar casinos. CASA CEO Themba Ngobese says even if only 5% of the country’s land-based revenue was diverted online, it would deprive the government of R110m (US $9.5m) in annual tax revenue. Casino revenue growth slowed to 0.6% last year after a 10% gain in 2012-13.

Ngobese claimed (without citing sources) that casinos in Europe had suffered a 20% drop in visitation due to the popularity of online gambling and a similar trend in South Africa would result in a “devastating” loss of tax revenue and casino jobs. This doesn’t jibe with numerous studies and the personal testimonies of casino owners that have found that online gambling complements, rather than cannibalizes, brick-and-mortar casino revenue.

College Football National Championship Betting Results

After suffering through a debilitating NFL Divisional Round weekend, the public got some measure of revenge on the sportsbooks when the Ohio State Buckeyes defeated the Oregon Ducks to win the college football National Championship game at Cowboys Stadium in Arlington, Texas.

Sportsbooks had determined early on that the worst case scenario on this game would’ve been an Ohio State outright win, even though action on the game was less than initially expected. Still, the public came out putting money on the Buckeyes, which entered the game as touchdown underdogs against the Ducks.

The game started of quickly for the Ducks when the team scored a touchdown on its opening drive. But that was about it for Oregon, which saw Ohio State comeback to score 21 straight points. Oregon managed to pull within one, 21-20, in the third quarter, but the Buckeyes quickly shut down any possibility of an Oregon comeback with three straight touchdowns to seal the deal.

The result wasn’t as surprising as some people would like to believe, even if the Buckeyes opened as 7-point underdogs. Evidently, the public sensed something was amiss with the spread, pounding the Buckeyes and forcing sportsbooks to hunker down and thrown on their Oregon jerseys. Unfortunately, all that “quacking” couldn’t help Oregon, giving the public the kind of salvage victory it needed after getting pummeled in the Divisional Round of the NFL playoffs a few days earlier.

The only respite books can cling to was that action wasn’t as heavy as a lot of people expected. That could partly be due to scheduling quirks that forced the National Championship game to be played on a Monday night, instead of Saturday or Sunday night where there would’ve undoubtedly been more action on both sides. The books could also take solace in the fact that a lot of futures bets tied to the Oregon Ducks ended up on the losing side.

The college football National Championship is the closest thing to a dress rehearsal books will have leading up to the Super Bowl, which is scheduled to be played in a few week’s time. If given a choice, books would tell you that they’d prefer to lose out on the National Championship game than the Super Bowl. Only time will tell if this scenario proves to be the case. For now, it’s back to the drawing board in preparation for the NFL’s Conference Championship games this weekend.

 

LiveSport Secures Majority Share In Sports Data Company Enetpulse

LiveSport, the global sports media company, has secured majority of the shares in Enetpulse, the global provider of live sports data.

Richard Hájek, Managing Director of LiveSport Holding, said: “LiveSport continues to adapt to the demands of the sports community in order to maintain our position as the leading sport live score company that can service every aspect of the requests of our growing user base.”

“The supply of data to the sports business world is becoming increasingly important and Enetpulse, with their progressive vision, excellent technological infrastructure and industry expertise, is a company who are at the forefront of this market.”

“We have been looking at sports data delivery area for a long time, so we believe this is a good fit for LiveSport, which will help our company to achieve an even bigger reach within the sports community. Enetpulse B2B business will benefit from support that our network of 50+ sporting websites can provide, in addition to other synergy effects.”

Leo Noer, Managing Director of Enetpulse, said: “After 15 years of operation I am delighted to confirm that Enetpulse will now become part of the LiveSport family. This announcement marks an exciting next step in the history of Enetpulse and we are looking forward to fulfilling a key role within the LiveSport group, which we believe is the right partner for Enetpulse.”

“Enetpulse are already at the forefront of an exciting and dynamic time for the global sports data market. We welcome the opportunity to now finally being part of a company that shares our vision and desire to be the market leader in our space.”

Enetpulse will continue it’s current path to increase the newly launched InPlay sports data product to the betting industry, with the same passion for serving their clients to perfection, dedicated long term management and constant growing worldwide network.

James Packer’s new Macau casino partners with Warner Bros and DC Comics

Melco Crown Entertainment’s Studio City, James Packer’s third casino in Macau, has secured partnerships with Warner Bros. and comic book outfit DC Entertainment, adding more family-friendly features.

In addition to the 130m tall Ferris wheel, the Golden Eye, an ongoing production of The House of Magic, a 5000-seat entertainment centre, a TV-broadcast studio and a version of the Ibiza dance music institution Pacha Nightclub, the massive complex will also include a 30,000 square foot family entertainment center that will feature Warner Bros and DC Comics characters like Tom and Jerry, Batman, Superman and Wonder Woman.

Melco Crown Chief Executive Lawrence Ho said that Studio City would also introduce Macau to Batman Dark Flight, a virtual reality ride.

The $US3.2 billion (AU$3.9 billion) Hollywood-inspired gambling and entertainment complex is set to open in the third quarter of this year and begin operating 400 gaming tables and 1600 hotel rooms.

Gambling revenue in Macau fell 2.6% to 351.5 billion patacas ($54.4 billion) in 2014, the first fall in 11 years since the city began releasing financial reports in 2002. Studio City’s mass-market-friendly features are intended to reduce reliance on high rollers amid a Chinese government crackdown on corruption that has hit VIP gambling revenues.

“Studio City will radically enhance and diversify Macau’s evolving leisure experiences as Melco Crown Entertainment works to anticipate, innovate and ultimately satisfy the ever-growing needs of the region’s and world’s leisure destination visitors,” Ho said.

“It [Studio City] will represent Asia’s ‘next generation’ of immersive, world-leading, entertainment-driven gaming and leisure destination experiences, as we work to support Macau’s tourism development and diversification,” Ho added.

Louis XIII completes upsize option; Galaxy Macau escapes suspension after the fire

Hong Kong-listed casino developer Louis XIII Holdings Ltd has completed an extra upsize option on a share placement for its new VIP-focused Macau casino project. In a filing with the Hong Kong Stock Exchange, the company was able to raise gross proceeds of HKD531.1 million ($68.5 million) from the upsize exercise.

More importantly, it was also able to raise an aggregate of around HKD2.17 billion ($217 million) since December 19, 2014. That total includes HKD1.56 billion ($201 million) under a share placing exercise and another HKD609 million ($78.5 million) from a handful of upsizing procedures organized by CLSA Ltd, Louis XIII’s placing agent in Hong Kong.

Hong Kong’s ITC Properties Group Ltd. also announced that it had increased its stake in Louis XIII Holdings by another 6.3%. Under the terms of the deal, the ITC paid HKD95.12 million ($12.27 million) for a total of 28.2954 million shares, the equivalent to an average price of $3.363 per acquired share at a discount of around 1.09%. With the acquisition of new shares, ITC Properties now holds 16.9% of the share capital, and according to its filing at the Hong Kong Stock Exchange, there’s a chance that it might increase its stake further in the future.

NO SUSPENSION AFTER GALAXY MACAU PHASE 3 FIRE

Meanwhile, Macau officials opted not to order any suspension on the construction of the 36-storey building that caught fire last week at Galaxy Macau Phase 2 . A spokesperson from the Land, Public Works and Transport Bureau told GGRAsia that that a team of technicians had already conducted an investigation of the site and that no further action will be imposed on Galaxy Entertainment.

“The bureau will not order the suspension of construction works because the fire only damaged the outside façade, not having affected the structural safety of the building,” the spokesperson added.

An investigation by the Fire Services Bureau revealed that the fire started when a construction worker forgot to turn off welding equipment, thus “setting alight construction materials on the roof of the building.”

WSOP and 888 to share pool liquidity in New Jersey

WSOP.com and 888 Poker announced that they will begin sharing limited player liquidity across their online poker rooms in the Garden State effective January 12.

The move has been designed to help boost player liquidity, which is considered as a key in the New Jersey market as it enters its second year of regulating online gaming.

The New Jersey Division of Gaming Enforcement has identified online poker as a potential growth area this year, despite generating 25% of the state’s total online gaming revenue, compared to 75% that comes from internet casino games.

Online poker players in New Jersey could benefit from increased prize guarantees for tournaments and a greater number of players available for cash games, sharing $130,000 (€109,825) in guaranteed tournaments each week.

Micro and low-limit cash games and selected tournaments will be part of the shared liquidity. Each site will continue to maintain its individual reward and VIP programs and players will earn points towards these programs only when they play on the specific site. Both WSOP.com and 888Poker have agreed to limit the liquidity share to specific cash game and tournament tables in order to effectively monitor and ultimately determine what the right mix will be for the customer base.

“This is an excellent step forward for us and should help in building a larger audience and player base for online poker in New Jersey,” said David Licht, CEO of the All American Poker Network (AAPN), the joint venture between 888 holdings and Avenue Capital. “Shared liquidity will help create a better player experience, we hope will attract a diversity of players and begin to bring poker to a broader audience once again.”

“It is important we continue to experiment and look for new ways to create stickiness,” said WSOP.com Director of Online Poker Bill Rini. “Customers used to playing on our site will not notice anything different, except more robust action and bigger prize pools. We also hope this will help expand the market by offering more variety.”

Las Vegas sportsbooks bids to legalize Olympics betting in Nevada

A group of the Las Vegas Strip sports books have banded together to lobby the Nevada Gaming Commission to legalize bets on Olympic events.

As it stands now, Olympic betting is still illegal in Nevada, largely because of its classification as an amateur sport. But that could change if a group of Las Vegas sportsbooks emerge successful in their bid to have Olympic betting legalized in the state in time for the 2016 Summer Games in Rio de Janeiro.

A lot of Vegas books have been clamoring for Olympic betting to be legalized, due to the demand for action during the Olympics, especially from foreign visitors. According to the books, the age-old argument of amateur players playing in the Olympics has become irrelevant, especially when you have NBA stars like LeBron James and NHL stars like Sidney Crosby participating in men’s basketball and men’s ice hockey events, respectively.

There’s also that part about putting Nevada at what CG Technology VP of risk management, Jason Simbal, calls a “competitive disadvantage,” referring to online sportsbooks who are free to offer bets on the Olympics.

“We have a lot of people, especially our international visitors, who come here and are surprised they can’t bet on the Olympics,” Simbal told USA Today.

If Olympic betting were legalized, Vegas sportsbooks could begin offering odds on popular sports like basketball, hockey and soccer, which are played by professional athletes from their respective sports, not amateurs.

In addition, betting on sports like swimming, figure skating, and track and field would also become legal, allowing bettors to place bets on the likes of Usain Bolt and Michael Phelps in any Vegas sportsbook.

bwin.party shuts down Facebook Game; Scientific Games deals with Mecca Bingo

Sportster Bet and Win, the social sports betting app developed by Nordeus in partnership with the bwin.party-backed social gaming studio Win Interactive, is to be shut down at the end of January, four months after its launch.

The closure of the Facebook game comes weeks after bwin.party announced that it was in discussions regarding the potential sale of social gaming unit Win development studios.

A communication was sent to Sportster customers that says, “Dear users, we are sorry to inform you that we are shutting Sportster down on January 30th. Please note that you will not be able to log into the game after the scheduled date.”

The social betting game was launch on September 30, a collaboration between game publisher Nordeus and bwin.party’s social gaming development studio Win, aiming to extend the sports betting operators’ social coverage and product portfolio.

Scientific signed with UK-based Mecca Bingo Ltd.

Scientific Games has signed a five-year agreement with UK-based Mecca Bingo Ltd. to provide the server-based gaming solution to Mecca Bingo clubs across the UK.

The server-based gaming platform is powered by technology partner Videobet, a Playtech company and an exclusive content from SG Gaming library along with Clarity, T8 and Triple 7 cabinets.

Genting in the Philippines – A Winning Combination of the Fiscally Wise

The last time I covered the Philippines in any depth, Manila was at the tail end of a huge spurt in money growth of about 50% in two years, translating to 25% annual money growth. Now, since December 2013, that growth rate has slowed dramatically to 4% a year. 4% a year is not much more than the average 2% annual growth in the world’s above-ground gold supply. In other words, for all intents and purposes, Manila has been on a virtual gold standard for over a year now.

Predictably, with the extreme deceleration in money growth comes deceleration in price inflation from 5% annual to 2.7% annual, a 50% drop. GDP growth is also down to near recession levels as expected, but there’s also a very good side to this. Government spending in the Philippines has stabilized, along with interest rates to around 4%. Lower than in the past, but not dangerously low. Manila’s debt to GDP is down to under 50% despite weak GDP growth. Government spending, the universal GDP “fudge factor”, is actually steady. Try to find that in the Western world. It can barely be said even of the so-called “austerity” countries. Total external debt in the Philippines is actually down.

The overall picture is that while the Filipino economy is in for some weakness due to slowed money growth, if this steady-to-tight monetary policy holds through the coming weakness, then by the time that major casino development projects are complete, the economy will be in full rebound mode. The timing won’t be perfect, but that will probably be the trend.

Companies going in on the upswing will benefit, especially if development plans were and continue to be financially responsible. Melco, Genting, and Universal Entertainment Company are all putting their chips in at Entertainment City. Genting’s development there has been especially prudent and could turn out to be a great success.

The key points to note with Genting’s investment into Entertainment City are, first of all, despite the money put down there, total debt for the company is down to $479.1 from $746.4M a year before. That a 36% decrease in one year. Very smart to pay down debt now while interest rates are low. Interest expense for the company has plummeted to $63M from $231M in the same time frame. 89% of the company’s debt is floating rate, and only 11% fixed, but at the rate the company is paying it down it shouldn’t even matter. For the $1.1B project that the Bayshore Project in Entertainment City is projected to be, Genting is sure managing its finances well.

The major risk is that the slowdown in money growth will bring the country into a deep recession, complicating the launch of Entertainment City. That is certainly possible, but given that the current slowdown is over a year old already and GDP growth in the Philippines is still technically positive even with government spending more or less steady, this is a good sign that the Filipino economy is handling the monetary shock well enough. The current slowdown is not over yet, but given the country’s relatively low debt burden and manageable interest rates, there won’t be a torrent of defaults even if GDP growth goes negative.

In fact, expect that to happen, and expect gaming companies invested in Entertainment City to take a temporary hit. It will be a good buying opportunity.

NFL Divisional Round Betting Results

If you picked the Divisional Round of the NFL playoffs to bet big on Peyton Manning and the Denver Broncos, then I really have nothing more to say than “tough luck.” Really, I feel bad about it. I mean, even I thought the Broncos would win and cover the game. I didn’t bet on it, which in hindsight was a stroke of genius. But I was close to, that much I’ll admit.

Sportsbooks, though, aren’t as sympathetic, especially when you consider that just about everybody had the Broncos in some kind of singles action, teasers, parlays, and all three in some cases. That was the trend heading into the weekend’s games and a lot of books pretty much had their weekends tied to the game. A Broncos cover would be bad news and a Colts cover would be the best case scenario. No in-between.

As it turned out, sportsbooks walked away with huge smiles on their faces when the Colts turned the tables on the Broncos, winning on the road, 24-13, and sending Peyton Manning to a one-and-done playoff appearance. Some bettors walked out huge after betting on the Colts to win outright, but for the most part, the action was heavily on the side of Denver.

With the loss, books likely enjoyed the sight of one teaser bet after another drown in a public tears. If that wasn’t enough, the books also walked away on the winning side of the New England Patriots’ 35-31 victory over the Baltimore Ravens and the Green Bay Packers’ controversial 26-21 win over the Dallas Cowboys. Both favorites won the game but failed to cover, which was the best-case scenario for the sportsbooks. The Seattle Seahawks’ convincing 31-17 win over the Carolina Panthers was the only game that saw the underdog (barely) cover the spread, but even the action on that game wasn’t as big as the other three games.

All in all, it was a very positive week for the books and a disastrous one for the public. With the season down to its penultimate week, you can expect more action to come heading into the Championship round. If recent trends are any indication, you can expect the public to come out swinging this weekend because quite frankly, they probably wouldn’t have it any other way.

Online Poker Bill Introduced in Washington

An online poker bill that would overturn the draconian laws that make the game a Class C felony in Washington State has been prefiled ahead of the 2015 legislature session scheduled to kick off at the start of this week.

Seven million more American souls could soon be playing a legal form of real money online poker as Washington House of Representatives member, Sherry Appleton, prefiled a new online poker bill (HB 1114) on Friday.

The new bill seeks to replace the draconian laws brought into practice, in 2006 that made participation in online poker games a Class C felony. Anyone caught breaking the law could face up to five years in prison and a $10,000 fine.

It’s widely reported that the bill will be formally introduced when the 2015 legislative session begins on Mon 12th Jan, and OnlinePokerReport (OPR) scribe Chris Grove believes that the driving force behind the bill is the Washington Internet Poker Initiate founder Curtis Woodard.

Attn: WA poker players, We Have a Bill !! HB 1114 (2015-16) Now the real work begins, make yourself heard! http://t.co/AKUwjdeLe7

— Curtis Woodard (@curtinsea) January 12, 2015

The bill contains the same meat that we have seen in most other bills, with the glaring exception being the lack of the words: ‘bad actor.’ Good news if PokerStars ever want to invade the Evergreen state. The reasoning behind the submission is a simple one.