Tag Archives: the daily vice

Antigua PM warns US that WTO stalling will force him to employ “remedies”

Antigua’s Prime Minister Gaston Browne appears to be losing patience with American officials over the negotiations to resolve the two countries’ World Trade Organization (WTO) dispute.

For over a decade, Antigua has been seeking redress from the US after Antigua’s licensed online gambling operators were denied access to US customers. In 2006, the WTO declared that the US had no right to block Antiguan operators on the grounds of protecting consumers while simultaneously permitting US horseracing operators to accept online wagers. The US was ordered to pay Antigua an annual $21m until a resolution was reached but the US has yet to ante up dollar one.

Since Browne was sworn into office last June, he has taken a markedly different approach than his predecessor toward resolving the WTO dispute. In September, Browne fired attorney Mark Mendel, who was hired by the previous administration to handle the case, and offered the US a “significant concession” in order to rejuvenate the stalled bilateral talks. That same month, Browne met with US Trade Representative Michael Froman and came away “encouraged” by their discussions.

On Friday, Browne was in the Bahamas, delivering an address at the 26th Inter-Sessional Meeting of the Caribbean Community (CARICOM), the group that represents 15 regional nations. In his address, Browne noted that the 11th anniversary of the original WTO ruling in Antigua’s favor was coming up in just two weeks. Browne emphasized that Antigua has yet to see a penny of the $168m in penalties the US now owes.

Browne told CARICOM delegates that Antigua had “been patient and we have been reasonable” but “the casualness with which the ruling of the legitimate international body has been treated, and the neglect of a legally-binding obligation have implications for every country represented in this room.”

Browne reminded his audience that “there are remedies legally available to my government that have been stipulated by the WTO. We hope that we are not forced to resort to these remedies, but we have a duty of care to our people that we cannot disregard.”

Such remedies include the legal right to offer royalty-free digital downloads of American corporations’ intellectual property. In his discussions with the USTR, Browne has so far adopted a stance that is far more carrot than stick. Clearly he’s beginning to realize that the USTR might need a good beating to force them to treat Antigua with the respect a sovereign nation deserves.

Italy mulls reducing online sports betting tax, expanding betting options

Italy is taking steps to overhaul its online gambling regime, including reduced tax rates and increased sports betting options.

The biggest change is a shift from the onerous tax on betting turnover, which ranges from 2% to 5% depending on the type of wager. Under a new proposal expected to pass by the middle of March, online betting, bingo and tournament poker would now be subject to a maximum 20% tax rate on gross gaming revenue, the same system that already applies to online casino and cash poker verticals.

DLA Piper’s Italian market watcher Giulio Coraggio told eGaming Review the plan to set a uniform rate across all verticals was necessary to boost Italian-licensed operators’ chances of competing with internationally licensed competitors. The tax plan contains a provision for a reduction below 20% should the regulated market prove unable to make further headway.

Italy is also taking the leash off its online sports betting operators by bringing an end to the palinsesto ufficiale, the official list of accepted wagering types. When the market first launched a few years ago, Italian regulator AAMS kept an extremely tight lid on the types of markets licensed betting operators could offer. This list doubled in size in September 2013 and some forms of in-play wagers were finally permitted last October but operators still feel constrained compared to their dot-com brethren.

Under a proposal currently being weighed by the Italian government, betting operators would no longer have to rely on AAMS to monitor and settle sports betting markets. Coraggio said the government might also allow operators to offer non-traditional betting products like the ‘cash out’ feature that has proven popular among UK bettors.

Italy’s regulated sports betting market saw stakes rise 81% in January but lucky punters pushed revenue down 12% to €18.1m. Poker revenue was also down, falling 17% to €16.9m, dragged down by a 25% decline in cash games revenue to €9.1m, while tournament revenue dipped 4% to €7.8m. But casino revenue continued to grow, rising 15% to €25.9m.

California online poker waters no less muddy after iGaming Legislative Symposium

This week’s iGaming Legislative Symposium in Sacramento, California offered an appropriately dubious view on the state’s chances of passing online poker legislation in the near future.

As compiled from a torrent of tweets from the likes of @OPReport, @CAPokerNews, @steranseattle and @ftreric, the confab got off on a pessimistic foot during the keynote address from Assemblyman Mike Gatto, who has authored one of the three distinct online poker bills vying for passage in the current legislative session.

Gatto said that, going into this year, he’d pegged the odds of a bill passing in 2015 at 50:50. Gatto said he now views chances for passage by 2016 at no better than 35%, largely because stakeholders remain as divided as ever.

Gatto said politicians were being confronted with “15 different factions coming in and saying ‘this is a line in the sand, my way or the highway, we hate you for the rest of your life,’” leading pols to wonder “why do I even want to vote for this bill?”

Gatto also said online poker remains a fringe issue for most state residents, and thus a low priority for politicians. Of the over 57k emails Gatto’s office received in 2014, only four or five were about online poker.

PECHANGA MORE BOTHERED BY TRACKS THAN BAD ACTORS

Gatto’s AB 9 legislation contains a strict ‘bad actor’ clause that would bar participation by the likes of PokerStars. Gatto’s bill is supported by the influential Pechanga Band of Luiseño Indians and the Agua Caliente Band of Cahuilla Indians.

Portugal approves online gambling legislation as casino biz struggles

Portugal’s new online gambling legislation has been approved by the Council of Ministers, needing only the signature of President Aníbal António Cavaco Silva to become law of the land.

The legislation will end the online monopoly of Santa Casa de la Misericordia and allow international companies to apply for online gambling licenses, although it remains to be seen how many companies will be interested. The new regime involves tax rates that have been slammed by many observers are unworkable, particularly a variable tax rate on sports betting turnover of between 8% and 16%.

Online casino and poker are to be taxed at 15% of gross gaming revenue if an operator’s annual income is less than €5m. The rate rises 3% for every €1m in income over €5m, capping at 30% once annual income hits €10m.

The country hopes this new regime will generate €25m annually for the government’s tax coffers. But PricewaterhouseCoopers analysts have suggested the betting turnover tax could cause up to 80% of licensed operators to quit the market in the first year, and that could reduce the country’s online tax revenue by €20m over the first three years.

Turismo de Portugal, a branch of the Ministry of Finance, will oversee the new online gambling regime. The country hopes to issue the first online licenses before the year is through. Interested operators will have to pony up a security bond of €500k before their application will be accepted.

PORTUGAL’S CASINO TAX HELL

Illegal online gambling is being cited as one of the culprits behind a 33% decline in Portuguese land-based gaming revenue over the past six years. Local newspaper Público says casino revenue fell 2% in 2014 to €267m from a high of €381m in 2008, the year the global economy collapsed.

Weekly Poll- Will Loretta Lynch reverse 2011 DOJ’s 1961 Wire Act’s opinion once confirmed as attorney general?

Take Our Poll

President Obama’s pick to serve as the next attorney general, Loretta Lynch, is having a hard time finding Republican supporters. She expressed her stance about Justice Department’s 2011opinion, saying that she will unlikely reverse it, which is why we decided to ask our readers, “Will Loretta Lynch reverse 2011 DOJ’s 1961 Wire Act’s opinion once confirmed as attorney general?”

55% said, “No” while 45% voted “Yes.”

During a confirmation hearing before the Senate Judiciary last month, Lynch was asked by Sen Lindsey Graham her familiarity with 2011 DOJ opinion that reinterpreted the Interstate Wire Act of 1961. Lynch initially said that she was familiar with the opinion but hadn’t studied it in detail, but in a follow-up written response, she said that, if confirmed, she would unlikely reverse DOJ’s current opinion of RAWA.

Despite having different opinion on topics such as online gambling and legality of the president’s executive action on immigration from Republicans, Lynch’s nomination got still got approved on Thursday, with a 12-8 votes, advancing her nomination to the full Senate.

Zynga pulls plug on UK-facing real-money online gambling operation

Social gaming developer Zynga has yanked its UK-facing real-money online gambling operation, a partnership with UK-listed online gambling operator Bwin.party.

Launched with great fanfare in April 2013, the ZyngaPlus casino and poker products were intended to allow the San Francisco developer to transition its popular social gaming products from dealing in virtual credits to cold hard cash. Sadly, the launch was greeted with as much enthusiasm as a beer fart in a crowded elevator and it was only three months later that Zynga announced it was reversing course on its broader real-money ambitions.

On Thursday, ZyngaPlus players received emails informing them that the sites would be closing “shortly” and advising them to withdraw their balances. A Zynga spokesperson told eGaming Review the company remained “committed to delivering customers unparalleled free-to-play mobile gaming experiences in the mainstream, evergreen categories they care the most about.”

A Bwin.party spokesman said ZyngaPlus’ demise didn’t necessarily spell the end of its relationship with Zynga. Bwin.party claimed the two parties were “discussing a number of other potential projects for future development.” Bwin.party’s attempts to diversity its offering have proven equally futile, as evidence by the January shutdown of Bwin.party’s Sportster Bet and Win social sports betting product after less than six months of operation.

Bwin.party had reportedly found a buyer for its money-losing Win social gaming division in Rising Tide Games, the new startup founded by former 888 Holdings and Zynga exec Maytal Olsha, although those sale talks have reportedly fallen apart. Despite its falling revenue, Zynga still has sizeable cash holdings and might be amenable to taking Win off Bwin.party’s hands, especially since the struggling Bwin.party is clearly a motivated seller and could be willing to let Win go on the cheap.

Nevada casinos break five-month losing streak on baccarat, sports betting gains

Nevada casinos snapped their five-month losing streak in January as revenue rose 7.8% to $952.7m.

The numbers were even better on the Las Vegas Strip, where revenue rose 15.4% to $576.8m. The rebound was largely due to a 69% rise in baccarat revenue to $137.8m. Baccarat enjoyed a 17.35% win rate, compared to a record low 9% in January 2014. However, baccarat volume fell 13.5% in January, the fifth straight month that baccarat whales have kept a tighter grip on their wallets.

Blackjack revenue was flat at $97.8m, while roulette rose 37% to $34.5m and craps fell 7% to $28m. The rest of the table games finished as follows: three-card poker ($13.7m, +22%), mini-baccarat ($11.1m, +3%), pai gow poker ($9.6m, +3%), let it ride ($3.2m, -4%), pai gow ($3m, -26%), keno ($1.9m, -6%) and bingo ($450k, +7%). Slots revenue fell 1% to $561.2m.

Nevada sportsbook revenue rose 51.7% to $20.3m, the fifth straight month sports betting revenue has topped the $20m mark, a new state record. The numbers were driven by a 28.7% rise in basketball winnings to $14m, another new Nevada record for the month of January. Basketball stakes hit $177m and hold reached 7.9%.

Football revenue was up 90% to $4.7m on a 2.54% hold, making a total football win of $106m from September through the Super Bowl. Pari-mutuel race betting revenue was up 7.25% to $4.7m while ‘other’ wagers rose 134% to $1.7m. Parlay cards rose 268% to $964k but this was cancelled out by laggard baseball bettors cashing in $992k worth of winners.

Meanwhile, Rep. Dina Titus has reintroduced federal legislation that would repeal the 0.0025% tax on Nevada sportsbook betting handle. On Friday, Titus sent a letter to the House of Representatives Committee on Ways and Means reiterating her position that the $9m to $11m the state sends Washington each year via this tax was a pittance in federal budget terms but that same sum could do some real good if it stayed in Nevada. Titus’ previous effort to repeal the tax went nowhere.

William Hill numbers surge on strength of online and mobile

UK betting operator William Hill reported record operating profit in 2014 thanks to continued strengths in its digital division.

Revenue rose 8% last year to £1.6b while operating profit rose 11% to £372m. However, exceptional items dragged net profit after tax down 9% to £206.3m. Results were buoyed by the 2014 FIFA World Cup, which generated nearly £227m in wagers, of which Hills kept £40.5m. Compared to the 2010 footie fest, retail wagering declined £4m while online grew by £108m.

William Hill Online revenue rose 18% to £527.4m, representing 32% of the overall revenue pie. Digital sportsbook revenue rose 19% to £253m thanks largely to mobile wagering, which rose 48%, representing 56% of digital sports revenue. Mobile stakes grew 55% while desktop stakes grew by a comparatively paltry 11%. Mobile win margin (9%) also outpaced desktop (6.2%). Pre-match handle rose 23% to £2.1b while in-play handle rose 36% to £1.6b.

Digital gaming revenue rose 17% to £274m, with casino up 23% to £235m. Bingo fell 2% to £23.7m while the poker vertical fell 18% to £14.9m. As with sports, mobile gaming was the star performer, with revenue up 117%, representing 32% of total gaming, while desktop gaming revenue fell 3%.

Revenue from outside the UK accounted for 18% of the total, up from 15% in 2013 and twice 2012′s 9%. In Italy, revenue rose 39% thanks to an increased range of sports betting products on offer and the launch of mobile gaming and sports products. In Spain, revenue was up 64%. Hills had a 9% share of the 2014 Italian sports betting market and a 19% share in Spain. Combined, the two markets generated a net loss of £6m but Hills hopes to break even in both markets in 2015.

William Hill Australia generated 8% of group revenue, with stakes up 18%, revenue up 41% to £122m and profit up 106% to £24.7m. William Hill US betting handle rose 21% and revenue rose 31% to £29.7m. Hills’ telephone wagering business saw handle fall 16% and revenue was down 28% to £11.8m, resulting in a net loss of £800k for the division.

Hills retail operations continued to account for the bulk (57%) of revenue. OTC wagering handle grew slightly but OTC revenue fell 5% to £450m thanks to punter-friendly results and a bad comparison with 2013’s high win rate. Gaming machine revenue rose 6% to £462m. Hills had 2,362 shops at the end of 2014.

Nevada regulators vote to legalize Olympic betting

Nevada sports books received some good news on Thursday as the Nevada Gaming Commission unanimously approved an amendment to state gaming regulations to allow betting on Olympic athletic events.

The change allows Nevada books to begin accepting wagers on the 2016 Summer Games in Rio De Janeiro and bookmakers wasted little time, offering lines on men’s basketball, track and field, and swimming.

It was previously believed that the return of Olympic betting to Nevada would be limited in some capacity, particularly as regards to International Olympic Committee-sanctioned events controlled by judges. But the commission opted to allow betting on any “sanctioned event,” although the chairman of the Gaming Control Board has the authority to remove an event or contest at his discretion. Current chairman A.G. Burnett told reporters that conversations on what sports to allow and what not to allow will happen before the Olympics start so don’t expect an immediate answer on this front until next year.

With the ban on Olympic betting now lifted, the Rio shindig will be the first Olympics that Nevada books can put place betting lines on since 2000 Games in Sydney. Olympic betting was outlawed in 2001 when Senator John McCain spearheaded a ban on betting on amateur sports. Somewhat confusing was the notion that McCain’s definition of “amateur sports” didn’t include college athletics, including football and basketball.

Books understand that betting on the Olympics won’t move the needle much as far as handle is concerned. But it does strip away the competitive disadvantage Nevada books experienced anytime the Olympics was held.

Convert BTC to Euro and Play on over 400 more games!

Thursday 12th February, 2015 – Bitstarz is back with more innovation to improve the overall experience of all their active players. Today they announced a new integration of the Cubits Merchant API. This system accepts Bitcoins and allows players to immediately transfer them to real currency in a quick, simple and very secure way. This is where all the bitcoin players are going to benefit.  They can now deposit bitcoins through cubits and convert the currency to Euro allowing them the option to play on 400 extra games by the giant provider Quickfire.

Players that deposit bitcoins through the new Cubits payment gateway and convert it to Euro, now also have the option to convert the Euro back to bitcoins. This would only be possible if the deposit is made with bitcoins through cubits. Same goes for withdrawals. You can only withdraw through the same payment method that you have deposited with, so if you have made a deposit with Skrill you cannot withdraw with cubits into bitcoin.

The Head of Marketing, Nikolica Vadaski told us, from today, all our players will surely welcome this added value in their gaming experience with open arms. Players who only play with bitcoin will no longer be limited in their play options. They can now play on all Microgaming games that previously only could be played with Euro.

Cubits CEO, Tim Rehder commented: “Working together with Bitstarz to bring Bitcoin payment to their great range of games has been an amazing experience, combining a professional collaboration with an inspiring exchange of ideas. We believe the Cubits Platform, the Bitstarz Casino, and above all, the players, will all greatly benefit from this step forward.”

Cubits are one of Europe’s fastest growing Bitcoin marketplaces. Their user interface is clean, simple and easy to use. Currently accepting 17 national currencies, people can buy, sell, and use Bitcoin almost instantly with the Cubits Wallet.

As of today Bitstarz has extended its buffet of options.  It offers over 600 games to play with and a choice of over seven real currency options (Euro, Australian dollars, British pounds sterling, Canadian dollars, Norwegian kroner, Swedish kronor, US dollars) and also the crypto currency – Bitcoin. Players can mix and match as they please. You can safely say that this new Cubits wallet introduction has made all of the Bitstarz available games multi-currency friendly adding heaps of flexibility to the player’s choice.

Press contact:

Gamble With Bitcoin, Win With Cubits

European Bitcoin Marketplace Cubits Announces Partnership With Betconstruct

Cubits has been steadily making a name for itself as Europe’s fastest growing marketplace to buy, store, send and receive Bitcoin. Now, with a past deal with  and a recent announcement regarding a partnership with Betconstruct, Cubits is also on the way to becoming the industry-standard Bitcoin platform for the European and international iGaming industry. With its simple and elegant user interface, its secure cold storage wallet system, and its near-instantaneous processing of Bitcoin orders, Cubits is ideal for online casinos to offer Bitcoin deposit and pay out functions for their customers.

Betconstruct is one of the world’s largest software providers for gaming businesses, specializing in live sportsbook betting and other casino games, and currently powering more than 70 gaming partners on a global scale. Betconstruct has the unique feature of offering their entire online casino platforms and software solutions for purchase directly within their website. Now, with their partnership with Cubits, Betconstruct is making it possible to use Bitcoin for these direct buy options, making their modular drag-and-drop virtual environment easier and faster to use.

For customers who want to use Bitcoin to top up their balance at a fiat casino, Cubits offers the possibility for BTC payments alongside EUR ones. Via its conversion service, Cubits gives the customer instant access to virtually any casino. With Cubits, customers now also have the option to get a pay out in Bitcoin, regardless of what currency was used to play. Cubits co-founder and CEO Tim Rehder says “we’re excited to be the first and only Bitcoin Marketplace that gives the public the power to use this revolutionary new form of currency, to give them access to games previously barred to them, and most uniquely, to offer a Bitcoin pay out option even within fiat-based games.” Having Bitcoin pay out is something no other casino, nor Bitcoin Marketplace, currently offers, and Rehder is confident that the Cubits pay out function will be a game changer in the iGaming industry.

Only eight weeks have passed since Cubits began partnering with established players in the iGaming industry. Nonetheless, Cubits is already making a major impact on the way Bitcoin is being integrated into the online gaming environment. After the announcement of the recent deals with Betconstruct and SoftSwiss, Cubits’ professional services, tailored to iGaming, are surely on their way to becoming the industry benchmark.

Contact Cubits at [email protected]

SEO Tip of the Week: Onsite Trust Optimisation – Making Sure Your Site is Well Maintained

90 Digital CEO Nick Garner talks about another important part of Trust Optimisation which is making sure that your site is well maintained in this edition of CalvinAyre.com’s SEO Tip of the Week.

Short intro to Trust Optimization. Along with on site optimization and link acquisition, there seems to be a third element to ranking well on Google, it’s called Trust Optimization. Trust Optimization is based on the information we have got from anecdotal evidence on click through rates and rankings along with explicit guidelines from Google stating what they are looking for in a trusted website. Check out the 1st post in this series so you are orientated on Trust Optimisation. Back to the post… If a house looks derelict, the windows have been smashed the roof is caving in,  then it’s likely no one is looking after that property.  It’s the same with a website. If images don’t render, there are too many error 404 pages,  broken css making the page look wrong then it’s a derelict website.  Users don’t like it and neither do google. Google say: Website Maintenance: How can you tell that a website is being maintained and cared for? Poke around: Links should work, images should load, content should be added and updated over time, etc. In webmaster tools there is a report which shows you the number of crawl errors on your site. The crawl error page shows details on URL’s  which google couldn’t crawl or which returned an error code.  Typical site errors they identify are :

DNS errors—the Domain Name System, which translates the name of your site to a numerical address for the server that provides your website files.

Server errors—your host provider’s server functionality, such as connection reliability and speed.

robots.txt failure—the file that Google must first access before it can crawl your site. It tells Google which pages it can and cannot access.

URL errors: These are where google lists specific errors when trying to crawl specific desktop, phone, or Android app pages. Here is an example of a WMT page: Besides google webmaster tools there are 3 other tools which are very helpful for identifying site problems:

BUU:  http://beamusup.com/  Beam us up in a Free executable desktop tool which will crawl a website and organise the information in an excel spreadsheet.  The only downside is that it falls over on big websites. But saying that it is massively useful.

Calling the Clock: Acronym Time With News From the BPA’s, ACF, PPA and the CPAC

Put the kettle on, break open those hob nobs, and settle down for a week of poker news covering the British Poker Awards, closure of French poker clubs, fights to legalize online poker in the U.S, talk of cheats, and a young man from the Bronx who is smashing it.

We start our round up at the British Poker Awards (BPA). Victoria Coren-Mitchell was the biggest winner. She was nominated for three awards. She picked up all three.

“If anyone asks I am wearing TKMaxx.” She tweeted with glee.

Her victories in the categories of Best Social Media User, Personality of the Year and Performance of the Year, means she has now won a total of six awards in the past five years. That ties with Sam Trickett as the most successful BPA winner of all time.

Trickett wasn’t nominated for a single award in 2014 – the first time that has ever happened. So what did he do whilst everyone else was enjoying a free glass of Ranking Hero flavored champagne?

He crashed his £275,000 Ferrari.

Don’t sweat it though.

BGO Entertainment Re-Launches Affiliate Programme in Partnership with Income Access

Affiliate programme for UK-facing online bingo and casino operator is now powered by Income Access acquisition platform

Montreal, QC. February 26th, 2015 – BGO Entertainment, the Alderney-licensed operator of the online casino and bingo brand bgo.com, has announced that the company has re-launched its affiliate programme in partnership with Income Access, a turnkey provider of technology and digital marketing services for the iGaming industry. The launch follows the recent migration of BGO Entertainment’s affiliate programme, bgo Buddies, to Income Access’ award-winning acquisition platform.

Founded in 2012, BGO Entertainment operates the online casino and bingo website bgo.com. The brand’s sophisticated selection of games, supported by celebrity brand ambassadors Dan Bilzerian, the internet sensation, and Verne Troyer, the Hollywood actor, has seen it enjoying growing popularity among players.

Powered by BGO Entertainment’s proprietary software, bgo.com’s bingo offering features a wide range of games and super jackpots in excess of £900,000. The brand’s online casino offers players state-of-the-art slots and table games, including blackjack, roulette, baccarat and poker, which are powered by IGT, Net Entertainment, Microgaming, Bally, Eyecon, and NextGen Gaming as well as by bgo Studios, the brand’s in-house development team.

The bgo.com brand offers new players an enticing welcome bonus when they register. All new players receive 20 free spins just for registering and a bonus of up to £200 when they make their first deposit as well as 180 free spins on the brand’s online slots.

The re-launch of the bgo.com affiliate programme, bgo Buddies, on the acquisition platform of Income Access, winner of the eGR B2B ‘Best Affiliate Software’ award for the last two years straight, will see affiliates being offered equally generous commission structures.  Affiliates will receive revenue share of between 25% and 35%, depending upon the number of new depositors they refer per month.

“We’re delighted to announce the re-launch of the bgo Buddies affiliate programme after its migration to Income Access’ software,” said Allan Turner, Head of Performance at BGO Entertainment. “We’re looking forward to being able to provide our affiliate partners with improved tracking functionality on both desktop and mobile devices, and also giving them a greater level of reporting, enabling them to optimise their campaigns more comprehensively.”

Caesars sells stake in Ohio casinos, tries to torpedo creditor probe

Casino operator Caesars Entertainment has sold its 20% stake in three Ohio casinos to its partner Rock Gaming.

Terms of the deal, announced Thursday by the local subsidiary of Detroit-based Rock Gaming, were not disclosed. Rock Ohio Ventures will now own 100% of the three properties – Horseshoe Cleveland, Horseshoe Cincinnati and the ThistleDown racino – while Caesars will continue to manage the properties. Rock Gaming and Caesars will continue to share ownership of the Horseshoe Casino Baltimore in Maryland.

The sale was possible because the three casinos were held outside Caesars’ main unit, Caesars Entertainment Operating Co (CEOC), which is currently embroiled in highly contentious Chapter 11 bankruptcy proceedings.

CAESARS TO HIRE INSPECTOR CLOUSEAU TO INVESTIGATE ASSET TRANSFERS

Thursday also brought news that CEOC has asked the bankruptcy court to appoint an outside examiner to determine whether Caesars’ controversial asset transfers amounted to, as junior creditors have alleged, a blatant ‘looting’ of CEOC to shield those assets from creditors’ clutches.

Caesars has offered to provide $10m to fund the investigation, which they believe will take 120 days to conduct. Caesars helpfully suggested that similar probes currently being conducted by creditor groups should be shut down so as not to interfere with this probe.

Wilmington Trust, which represents creditors owed $479m, filed papers with the court accusing Caesars of not being interested in discovering “what they did or what they should do now to remedy their wrongs, but rather to forestall creditor investigations and access to documents.”

Pennsylvania’s new online gambling bill is poker-only, no bad actor clause

Pennsylvania’s newest online gambling bill is poker-only, confusing supporters who believed HB 649 sponsor Rep. John Payne’s use of the phrase “internet gaming” meant the bill would allow operators to offer online casino games.

The full text of HB 649 has since been published (read it here) and, while it also makes repeated mention of “internet gaming,” the bill’s definition of “authorized game” is limited to “any interactive poker game approved by the [Pennsylvania Gaming Control Board].”

In announcing his bill on Wednesday, Payne had cited a study that projected the state’s regulated online gambling market could generate revenue of $120m in its first year. Suffice it to say, Sheldon Adelson will win a PokerStars Spin & Go before a poker-only intrastate market earns that sum in one year. New Jersey’s regulated market produced only $29.1m in online poker revenue in its first year, and Pennsylvania’s population is nowhere near 4x the size of New Jersey’s.

Only the state’s existing gaming licensees are eligible to obtain online licenses, but the bill contains no specific ‘bad actor’ provisions regarding these licensees’ technology partners aka ‘significant vendors.’ Suitability will be judged on whether a significant vendor’s “prior activities, reputation, habits and associations .. create or enhance the dangers of unsuitable, unfair or illegal practices, methods and activities in the conduct of interactive gaming.”

As previously revealed, online gaming licenses will cost $5m for existing gaming licensees and $1m for significant vendors. Operators will ante up 14% of their gross gaming revenue, payable on a weekly basis. Players would have to be 21 years of age or older.

Other details include a willingness to enter into agreements with other intrastate markets for the purpose of sharing liquidity. Absent those agreements, attempts to wager with a Pennsylvania-licensed operator from outside the state will result in the forfeiture of any winnings.

The bill also bars internet cafés from making computer equipment available “principally for the purpose of accessing interactive games.” Individuals who get caught offering unauthorized online services will face fines of $75k to $150k for a first offense, rising to $300k for a second offense. Licensed manufacturers and suppliers face fines of up to $300k for a first offense, rising to $600k. Licensed gaming entities face fines from $600k to $1.2m.

Rob Yong Talks Awards; Nicolas Fraïoli Talks Pain, and Manuel Bevand Talks Ted

A triumvirate of talking tales as the Dusk till Dawn owner, Rob Yong, talks about the British Poker Awards, former Aviation Club de France Tournament Director, Nicolas Fraïoli, talks about the loss of his job, and former Winamax Team Pro, Manuel Bevand, gets the opportunity to talk at a Ted conference.

The 2013 International Stadiums Poker Tour (ISTP), held at Wembley Stadium, remains the greatest poker tournament I have ever experienced.

You had to be there to experience the vastness of the operation. Nobody thought they would pull it off. Perhaps, these were the two reasons that nobody voted for it as Best Live Tournament at the European Poker Awards that year?

I’m not the only one who believes the public got that wrong.

“I made a mental note to boycott poker awards after the ISTP Wembley didn’t even win a bowl of rice, or get as much as a nomination at the European Poker Tour Awards.” Dusk till Dawn (DTD) owner Rob Yong wrote in his latest blog post.

Yong finally got over it. Being nominated for a ton of awards usually clears any blocked sinuses.

Yong and the team came away with three awards. He makes no mention of his personal award for Growth and Contribution and instead concentrates his word count on the hard work done by the World Poker Tour (WPT) team for the award winning WPT500 event.

Talking Ted With Manuel Bevand

Lee Davy finds time to talk to the former Winamax sponsored pro, Manuel Bevand, about his forthcoming appearance on the Ted Conference stage.

Anyone that watches Manuel Bevand playing poker can quickly deduce that this is a smart man. So I wasn’t surprised, albeit a little envious, when I learned that he was about to make his Ted Conference debut at the TEDx Ecole Polytechnique in Paris on 23 April 2015.

It’s not easy talking in front of some of the smartest engineering students in the world.

But if anyone can do it, Manub can.

Talking at a Ted Conference is a bucket list goal of mine. How did this become something that you wanted to do?

“Well, I suppose everyone has something to say? When I started watching TED talks I became hooked and started wondering about what I would say on that stage. I put it on my bucket list, and attended my first event (TedXClapham) as a spectator, but I didn’t know I would have to speak three months later. The opportunity just presented itself and I’m super excited.”

How did it present itself?

500.com shares tank as China lottery centers suspend online sales

Chinese online sports lottery service provider 500.com saw its shares tank this week after announcing that its operations in several Chinese provinces would be “temporarily” suspended.

In January, reports circulated that several Chinese government ministries had instructed provincial lottery administrators to shut down all unauthorized online lottery operators by March 1. Officially, 500.com isn’t licensed to conduct online lottery sales but had been allowed to operate (along with China SMG network) as part of an online pilot program.

On Wednesday, 500.com announced that “certain provincial sports lottery administration centers to which the Company provides sport lottery sales services plan to temporarily suspend accepting online purchase orders for lottery products” effective Feb. 25.

500.com says the suspension will affect “four high-frequency lottery products for which the Company currently provides online services.” These four products accounted for 10.6% and 9.6% of 500.com’s overall revenue in 2013 and 2014 respectively.

500.com reiterated that it had “obtained approval from the Ministry of Finance” to offer online sports lottery services. 500.com acknowledged that there was “uncertainty” as the provinces attempted to please their bosses in Beijing, but the company believes the end result will have “long-term beneficial effects” on China’s online lottery market.

On Monday, 500.com shares fell from $15.66 to $13.40 as rumors spread that the company’s license had been revoked and that 500.com CEO Man San Law had been detained by Chinese authorities. The company denied that their CEO was in anyone’s custody and said lottery sales had been suspended by the government for the duration of the Lunar New Year celebrations but would resume on Wednesday.

Following Wednesday’s announcement, the shares plunged to $10 from Tuesday’s closing price of $12.82. The shares underwent a brief rally Thursday morning before ending up back at $10.10. A year ago, the stock was trading at around $46.

Playtech revenue from Philippines-licensed operators soars 240%

Online gambling software outfit Playtech had a stellar 2014 as revenue surged 24% to a record €457m and earnings rose 30% to €207.1m.

Playtech said the good times have continued into 2015, with daily average revenue over the first eight weeks up 22% year-on-year and up 5% from Q4 2014. Playtech shares rose over 5% on Thursday to close at 777p.

Playtech’s flagship casino product rose 29% to €244.2m, while its PTTS services division grew 20% to €132.8m. Sports betting provided the biggest annual gain, rising 54% to €26.3m on the strength of the 2014 FIFA World Cup. Land-based operations rose 35% to €16.6m thanks to the acquisition of Aristocrat Lotteries as well as a fledgling retail sport offering. Bingo and poker were the net decliners, falling to €17.5m (-5%) and €13.8m (-6%) respectively.

Mobile revenue was up 64% in 2014. Mobile casino revenue grew 84%, accounting for 10% of casino revenue, up from 7% in 2013. Mobile sports wagering grew 51% to €22.2m, while mobile bingo was up 21%. The poker vertical’s first full year of mobile access generated revenue of just €200k.

Playtech continues to push its omni-channel strategy of fusing web, mobile and retail products into a unified whole, which the company believes will eventually become the industry standard. Playtech debuted this single log-in system at Coral betting shops in 2014.

Playtech continues to hint that it’s preparing for a major acquisition, although details remain as scant as ever. The company’s cash balance came to €692m as of Dec. 31, providing it with serious latitude in considering what assets to snap up.

PHILIPPINE-LICENSED OPERATOR REVENUES MORE THAN DOUBLE