September 2018 - Master Gambling Bonuses

Sunday, September 30, 2018

1X2 Network partners with WeAreCasino

5:45 PM 0
World Casino News
1X2 Network partners with WeAreCasino

A new partnership between 1X2 Network and new game developer and aggregator, WeAreCasino, will see the availability of the UK-based independent software company’s innovative online slots, virtual games and table games offering increased. According to the official press release… In addition to a broad range of popular titles from the supplier’s subsidiaries, Iron Dog Studio […]
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CEEG Awards Ceremony concludes; top operators earn accolades

11:54 AM 0
World Casino News
CEEG Awards Ceremony concludes; top operators earn accolades

The Ritz-Carlton Budapest recently played host to the 2018 CEEG Awards Ceremony, as part of the CEEGC Budapest. The award ceremony was scheduled for September 25th, set to reward several companies with top accolades for their efforts in the gambling industry. Each category had a shortlist of nominees, with two months set aside for voting, […]
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Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B

6:06 AM 0
Casino News Daily
Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B

Flight B of the second event on the schedule of the ongoing WSOP Circuit Horseshoe Southern Indiana live poker festival was completed last night. The second of two starting flights provided interested players with a final chance to register into the $400 buy-in No-Limit Hold’em tournament.

As registration was closed, organizers were able to confirm the size of the event’s overall field as well as the prize pool and the places paid. As many as 763 entrants registered into the $400 No-Limit Hold’em Re-Entry. They generated a prize pool of $251,790. The top 81 finishers will leave with a cash from the event, with minimum payouts starting from $627. The champion will collect $50,359 and a WSOP Circuit gold ring.

And here is the place to mention that after Flights A and B, there are now as many as 93 players left in contention. Of them, 34 survived from Day 1A and the other 59 from Day 1B. The survivors from the two starting flights will combine together for the first time today when the final day on the tournament’s schedule is slated to be played.

Action resumes at 2 pm local time at Horseshoe Southern Indiana. The remaining hopefuls will have a long day ahead as they will have to first burst the money bubble, then to set the official final table, and finally to determine the champion.

Andrew Jacobs Emerges as Overall Chip Leader after Successful Day 1B

The remaining survivors will be led by Andrew Jacobs who bagged and tagged the largest stack after the end of Flight B. The player collected a total of 393,000 to top last night the Flight B and the overall chip counts chart, ending the reign of Day 1A chip leader Nicholas Pupillo (pictured). Pupillo now ranks second in the temporary leaderboard with a total of 389,500 in chips.

As it can be seen, Jacobs’ advantage is very tiny, and it is rather curious whether he will pull further ahead at the start of Day 2, or it will be Pupillo or another player from the 93 survivors who will assume the chip lead.

As mentioned earlier, action is scheduled to resume at 2 pm local time. It is also interesting to note that Pupillo is playing for his third WSOP Circuit gold ring. The player topped the field of a WSOP Circuit Main Event and of another tournament in previous seasons of the popular poker series to capture his first two pieces of gold.

Horseshoe Southern Indiana is playing host to the fifth WSOP Circuit stop of the 2018/2019 season. The ongoing live poker festival will run through October 8, when Day 3 of the $1,700 Main Event is to be played and the name of the Main Event champ is expected to become clear. The highlight tournament is slated to kick off on Friday, October 5 with the first of two starting flights.

The post Andrew Jacobs Leads after WSOP Circuit Horseshoe Southern Indiana Event #2 Flight B appeared first on Casino News Daily.

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Saturday, September 29, 2018

M Resort Spa Casino honored by USA TODAY in 10Best Readers' Choice Awards

5:54 PM 0
Casino City Times
M Resort Spa Casino honored by USA TODAY in 10Best Readers' Choice Awards
Las Vegas casino resort ranks No. 2 for "Best Las Vegas Casino" and No. 7 for "Best Casino Hotel."
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Online Casino Innovator 2018 award for Wazdan

12:27 PM 0
World Casino News
Online Casino Innovator 2018 award for Wazdan

Online casino games and solutions developer Wazdan has announced that it was awarded with the Online Casino Innovator 2018 accolade during the Central and Eastern European Gaming Conference (CEEGC) on Tuesday. Talent affirmation: Licensed by regulators in Malta and the United Kingdom, Wazdan used an official Thursday press release to declare that the award has strengthened […]
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Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana

6:27 AM 0
Casino News Daily
Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana

Horseshoe Southern Indiana is the host casino of the latest WSOP Circuit stop on the series’ 2018/2019 calendar. Poker festivities at the gambling facility kicked off on September 27 with a single-day $400 No-Limit Hold’em, the field of which was topped by Corey Hodgeman for his first-ever WSOP Circuit cash of $15,873 and a gold ring.

The second gold ring tournament on the schedule started on Friday at the host venue. The $400 buy-in event began with the first of two starting flights and drew as many as 278 tournament entrants. The second starting flight is slated to be played today from 11 am. It will provide a last chance for interested players to join the event’s field.

The total amount of $91,740 was generated on Day 1A and it will be added to the money generated during the second starting flight of the tournament to comprise together the overall prize pool. And the prize pool itself as well as the places paid and how much the winner will collect will be announced upon the beginning of Day 2 on Sunday.

Of the 278 participants who registered for the tournament on Day 1A, there were just 34 players left at the time organizers called it a day on Friday at Horseshoe Southern Indiana.

The Day 1A Chip Leader

The remaining 34 survivors will have a day off today, while the second starting flight is being played. They will resume play on Sunday when the fields of Day 1A and Day 1B will combine for the very first time to play down to a champion.

Nicholas Pupillo finished off Day 1A as the chip leader. The player bagged and tagged 389,500 in chips last night to top the temporary chip counts chart after a particularly good run throughout the day. Charles Dawson with 245,500 and Kendall Staggs with 229,000 were the other two players to make it top three of the Day 1A leaderboard.

It is interesting to note that Pupillo is eyeing his WSOP Circuit gold ring number three. He won his first piece from the series in 2015 when he bested the field of a $580 No-Limit Hold’em event. He also collected a cash prize of $15,600 for his triumph back then. Gold ring number two arrived last fall when he emerged victorious in the $1,675 Main Event at Thunder Valley Casino. His victory also secured him with a payout of $170,286.

Over the course of his career, Pupillo has cashed in 36 WSOP Circuit tournaments and seven WSOP ones and has collected cash prizes of more than $512,083 from the two major poker series. It is to be seen whether the player will manage to score his third WSOP Circuit victory.

Action at the host casino resumes at 11 am local time and Day 2 action will kick off on Sunday at 2 pm at Horseshoe Southern Indiana.

The post Nicholas Pupillo Eyes Third WSOP Gold Ring at Horseshoe Southern Indiana appeared first on Casino News Daily.

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Two West Virginia Casinos Delay Sports Betting Launch

12:18 AM 0
Casino News Daily
Two West Virginia Casinos Delay Sports Betting Launch

The launch of sports betting operations at two West Virginia casinos has been delayed, local news outlet the Charleston Gazette-Mail reported citing information from the West Virginia Lottery.

Lottery spokesperson Randy Burnside told the media outlet earlier this week that sportsbooks were expected to be opened at Mardi Gras Casino in Nitro and Wheeling Island Casino in Wheeling by the end of the month. However, Delaware North, the owner of the two gambling venues, had informed the state gambling watchdog that it would delay the opening of sports betting facilities at the two properties. The company had not specified why the launch would be delayed.

Mr. Burnside further pointed out that the Lottery is waiting to hear from Delaware North to schedule testing of the sports betting operations in October.

West Virginia became the fourth state to launch sports betting after the mid-May ruling of the US Supreme Court that authorized individual states to legalize wagering on professional and college sporting events, if they feel inclined to do so. Legal sports betting services went live in West Virginia in the end of August and Hollywood Casino at Charles Town Races was the first local property to jump on the betting bandwagon.

The sportsbook at the casino is operated by British bookmaker William Hill. The Greenbrier is the only other property currently offering sports betting within West Virginia borders. It cut the ribbon of its FanDuel-run sportsbook on September 14.

Sports Betting Market Looks Healthy during First Few Weeks

According to information from the West Virginia Lottery, the state’s two sportsbooks have handled nearly $3.4 million in wagers since the Hollywood Casino facility opened doors. Sports betting handle at the property totaled a little over $450,000 during its first week of operation and a little over $1.1 million during its second week. Together with the FanDuel Sportsbook at The Greenbrier, sports betting handle amounted to more than $1.8 million during week three.

Handle figures are expected to improve even further in the coming weeks as the state’s sportsbooks are to go live with digital/mobile betting. Eric Zimny, Vice President of Racing and Sports Operations at Hollywood Casino, said during a recent ICE Sports Betting USA webinar that they will likely launch their mobile betting app in the coming weeks. The casino official pointed out that he still did not have a firm date and that the launch will not take place next week, but it will not take place in three or four months from now, as well.

It is still unknown when a FanDuel-powered mobile app will go live at The Greenbrier, but said app is anticipated to boost betting operations at the property significantly.

It now (and for now) seems that West Virginia has a healthy nascent betting market. And betting activity in the state is only poised to grow with the launch of mobile betting and the anticipated opening of two more sportsbook.

The post Two West Virginia Casinos Delay Sports Betting Launch appeared first on Casino News Daily.

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Friday, September 28, 2018

Punters leave €1.1 million unclaimed at Crown Perth

The Atlantic Cub Casino Hotel sale falls through

11:39 AM 0
World Casino News
The Atlantic Cub Casino Hotel sale falls through

In New Jersey, the deal that was to have seen Stockton University purchase the 20-acre site that was once home to The Atlantic Club Casino Hotel has reportedly fallen through with no desired purchase price ever being revealed. Discussions prove unsuccessful: According to a Thursday report from the Associated Press news service published by The […]
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Who Is the 2018 Asia Player of the Year?

6:27 AM 0
Casino News Daily
Who Is the 2018 Asia Player of the Year?

The Asia Player of the Year has been awarded each year since 2009. The Asian poker player to excel in the PokerStars Asia Circuit throughout the year is named as Player of the Year to enjoy the accolades accompanying that title. And each Asia Player of the Year has their name engraved on the one and only APOY trophy that is located at the PokerStars LIVE Macau poker room at City of Dreams Macau.

The best Asian player of the year is determined by the APOY Leaderboard, which takes into consideration players’ performance in PokerStars-sponsored tournaments that take place on Asian soil throughout the year. By players’ performance we mean how a given player finishes in one tournament or another, how much entries that event has, and what buy-in fee it features. Players receive points for each of these three factors and the more points they collect, the higher they climb in the APOY Leaderboard.

This year’s leaderboard included PokerStars-branded live tournaments that took place in the period between November 27, 2017 and August 12, 2018. Aside from having their name engraved on the special trophy, this year’s winner will also be awarded the amount of $20,000.

The Philippines Celebrates Its First Asia Player of the Year

Philippine poker pro Mike Takayama topped this year’s APOY Leaderboard with a total of 10,230 points. The player has had a killer year so far, cashing in 30 different live tournaments. In addition, he cashed in a large number of the official Asia Player of the Year Events throughout the season.

At the age of 29, Takayama has become his homeland’s first Asia Player of the Year since the ranking was first established in 2009. And with 10,230 points collected over the span of the 2017/2018 season, he is well ahead of the player who occupies the leaderboard’s runner-up spot. Alexis Lim is the player to rank second with 5,931 points.

Most prominently, Takayama won the PokerStars LIVE Manila Super Series 5 PHP10,000 Main Event for a cash prize of PHP931,800 (approx. $17,875) and a Platinum Pass for the upcoming 2019 PCA Poker Players Championship. He topped the tournament’s field in February, this year.

In May, he finished third in the PokerStars LIVE Manila Super Series 7 PHP10,000 Main Event to collect the amount of PHP525,000 and more points for his APOY score.

Overall, Takayama is his home country’s third most profitable player in terms of live tournament earnings generated. His winnings currently amount to a little under $1 million. The poker professional scored his career’s largest cash of nearly $198,568 this summer during the 2018 edition of the World Series of Poker. The player bested the $1,000 No-Limit Hold’em Super Turbo Bounty and his triumph also secured him with his first-ever gold bracelet from the series.

The post Who Is the 2018 Asia Player of the Year? appeared first on Casino News Daily.

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PokerStars VR virtual reality poker -- POKERSTARS

12:03 AM 0
eGaming
PokerStars VR virtual reality poker -- POKERSTARS

PokerStars is previewing a virtual reality version of its online poker software in expectation of a commercial release in the future.

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Thursday, September 27, 2018

AGA to Congress: When it comes to sports betting, states and sovereign tribal nations know best

6:10 PM 0
Casino City Times
AGA to Congress: When it comes to sports betting, states and sovereign tribal nations know best
American Gaming Association's Sara Slane testifies before House Subcommittee at Thursday's congressional sports betting hearing in Washington, D.C.
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The Players to Have Cashed in the Largest Number of Countries So Far in 2018

12:00 PM 0
Casino News Daily
The Players to Have Cashed in the Largest Number of Countries So Far in 2018

Traveling around the world is one of the perks of being a professional poker player. Visiting new places, clashing against players with different techniques and at different level of skill and proficiency, and getting oneself exposed to new and different poker games is enriching experience that could help anyone improve their own game and overall worldview, of course.

The poker enthusiasts of Casino News Daily love poker-related lists and writing about poker lists. This is why they have prepared a brand new such list for their readers. This time, it will revolve around those three players who have cashed in the largest number of different countries around the world since the beginning of the year. Here are these three players and where they have cashed in over the past nine months.

Henri Ovaska

The Finnish poker player has cashed in 21 tournaments in 16 different countries since the beginning of the year, including Italy, Bulgaria, Estonia, Ireland, and many more. While Ovaska might have been quite active on the live tournament scene over the past several months, he has not won any major events. He scored his only victory this year during the Irish Poker Open & Norwegian Championships 2018 in Dublin.

He took down a €170 R.O.E. tournament for a cash prize of €2,700. He collected his largest cash of this year in January, when he finished third in the African Series of Poker/Unibet Deepstack Open €550 Main Event for €9,000. The tournament took place in Grand Bay, Mauritius an exciting destination without any doubt.

Andrew Christopher Hills

The Englishman cashed in 30 live events in 11 different countries around the world, mostly the United States. He has taken down three tournaments so far in 2018, none of them were major ones, though.

A victory in a Wynn Summer Classic $1,100 No-Limit Hold’em secured the player with his largest cash this year. He bested a field of 302 entrants, including fellow countryman Stuard Taylor, whom he clashed into in the heads-up match, to collect the total amount of $72,799 from a total prize pool of a little over $300,263.

Manig Loeser

The German poker pro has cashed more than $2.3 million since the beginning of the year in 25 events that have taken place in 10 different countries. The player has appeared and cashed in events in the United States, Russia, and Montenegro, among others.

It is also important to note that Loeser has long been particularly active on the international high roller scene. Over the past nine months, the player has participated in some of the major high rollers on the live tournament poker calendar. Most prominently, Loeser finished runner-up to Michael Lim in Aussie Millions Poker Championship A$100,000 Challenge for a cash prize of A$558,600 (approximately $445,334).

The post The Players to Have Cashed in the Largest Number of Countries So Far in 2018 appeared first on Casino News Daily.

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Viva Las Vegas released by Red Rake Gaming

5:45 AM 0
World Casino News
Viva Las Vegas released by Red Rake Gaming

Red Rake Gaming has announced their next online slot release with the launch of Viva Las Vegas. Offering the music, entertainment and fun of Vegas all in one place, Viva Las Vegas is a 5×4 slot game with 25 paylines that includes extra spins and a fun bonus feature. Visit Vegas in Style: With this […]
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Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy

12:33 AM 0
Casino News Daily
Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy

With a market capitalization of $7.07 billion an multiple properties across the United States, the United Kingdom, and Egypt, among other countries, Caesars Entertainment Corp. is one of the world’s largest gaming and hospitality companies. Caesars climbed out of a lengthy Chapter 11 bankruptcy last fall and has since then focused on expanding both its domestic operations and its international presence as part of its strategy to further establish itself in the casino gaming, hospitality, and entertainment fields.

In the months preceding the company’s emergence from bankruptcy, its CEO, Mark Frissora, said that geographical expansion and product diversification would be one of its main points of focus once it puts its bankruptcy case behind.

It has been nearly a year since the closure of the bankruptcy proceedings, and the company has shown that it has been working hard to deliver on that strategy.

In its domestic market, Caesars most recently broke ground on a $375-million conference and convention center in Las Vegas. The 550,000-square-foot Caesars Forum is slated to open doors in 2020 and will offer 300,000 square feet of flexible meeting space, including two 110,000-square-foot pillarless ballrooms and a number of other convention facilities. The property will also have a direct access to hotel rooms at Harrah’s Las Vegas and The LINQ as it will be connected to the two properties via a skybridge.

Late last year, Caesars broke the news that it would expand its presence in Indiana, an important casino market, through the acquisition of Centaur Holdings LLC for the total amount of $1.7 billion. The deal was closed in mid-July and saw Centaur’s Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville be added to Caesars’ existing portfolio of properties in the state. The company already owned and operated the Horseshoe Hammond and the Horseshoe Southern Indiana casino properties prior to the transaction.

The company announced that it would invest $50 million to upgrade its two new properties and broke ground on a $85-million expansion of its Horseshoe Southern Indiana casino that would also involve the property’s relocation to dry land.

International Casino Expansion

It has also become clear that Caesars has appetites for expanding its international casino gaming portfolio. Japan has been one of the countries targeted by the major gambling and hospitality company. The country recently legalized casino gambling within its borders. Earlier this summer, Japanese lawmakers also approved an essential bill that set out the principles under which the nation’s nascent casino market would be regulated.

It is believed that Japan could quickly become one of the world’s top three gambling markets once its casinos open doors. The government agreed to issue up to three gaming licenses to interested operators and some of the world’s largest gambling companies have already kicked off the race for these, even though they are not expected to be granted before 2019. Caesars has been one of these companies. However, it is facing heavy competition from fellow Las Vegas operators such as MGM Resorts International and Las Vegas Sands, as well as from prominent Asian companies, including Melco Resorts & Entertainment and Genting Group.

It has also emerged that Caesars is eying participation into an €8-billion project for a massive integrated resort at the site of the former Ellinikon International Airport near Athens, Greece. The company’s name has been mentioned in relation to the mega-scheme for more than a year now. The integrated resort development will feature multiple accommodation, food and beverage, and entertainment facilities as well as a casino, the sole investment for which is expected to reach €1 billion. The whole complex will be Europe’s largest one of this kind.

The Greek Gaming Commission recently invited interested parties to submit comments and proposals in relation to the grand project ahead of the official opening of the bidding process and Caesars was one of the companies to lodge its interest in the development, thus confirming what have previously been only reports about its interest to take part in the scheme.

International Non-Gaming Expansion

Caesars has also announced that growing its non-gaming business would represent a core part of its growth strategy. Earlier this spring the company announced that it would open two non-gaming resorts in major tourist draw Dubai.

The two properties will be part of the Bluewaters Island development, managed by Dubai’s state-run Meraas Holding. They will have 479 hotel rooms and multiple food and beverage and entertainment facilities. Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai, as the two non-gaming resorts are branded, are both slated to open doors in the fourth quarter of the year.

It also emerged this spring that Caesars was planning to open a non-gaming beachfront resort in Puerto Los Cabos in Mexico. The Caesars Palace-branded property will feature 500 hotel rooms, a 40,000-square-foot convention center, three restaurants, a spa and wellness center, and a number of other facilities.

Caesars’ local partner Grupo Questro is expected to break ground on what would be a $200-million development in the first half of 2019.

As it can be seen, the Las Vegas gaming and hospitality giant is looking to grow some of its major domestic brands, including Caesars Palace, internationally and beyond casino gambling. The global gambling and hospitality fields have become extremely competitive and keeping pace is a challenging task for any involved company. It is yet to be seen whether Caesars’ strategy to penetrate new markets and diversify its core operations would help it blunt the heavy competition.

The post Caesars Embarks on Domestic and Global Expansion with Post-Bankrutpcy Strategy appeared first on Casino News Daily.

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Wednesday, September 26, 2018

Zitro ready for G2E

6:03 PM 0
Casino City Times
Zitro ready for G2E
Within the Bryke Video Slot product range, the company will exhibit the multi-game line, including the recently launched Spin Hit
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Oklahomans favour new casino

Steroids scandal rocks Japanese horseracing industry

6:33 AM 0
World Casino News
Steroids scandal rocks Japanese horseracing industry

The horseracing authority for the northern Japanese province of Iwate was reportedly forced to suspend all contests for one day last week after several of the competing animals tested positive for a banned anabolic steroid. Horses tested positive for boldenone: According to a report from Asia Gaming Brief, the Iwate Prefectural Horse Racing Association first […]
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WSOP Circuit Heads to Southern Indiana for Another Thrilling Poker Festival

12:30 AM 0
Casino News Daily
WSOP Circuit Heads to Southern Indiana for Another Thrilling Poker Festival

Days after Dmitrii Perfilev captured his first-ever WSOP Circuit gold ring at Seminole Casino Coconut Creek by topping a field of 735 entrants, the popular poker series is now heading to Southern Indiana area for an exciting festival at Horseshoe Southern Indiana in Elizabeth, Indiana.

The event will take place from Thursday, September 27 through Monday, October 8. It will feature as many as 13 tournaments, 12 of which will have a gold ring up for grabs. The thirteenth event will be for players aged 50 and over and will be a single-day $250 buy-in one without re-entries. That tournament will, too, award a ring to the winner. However, it will not count toward Circuit points.

Here it is important to note that the player that collects the most points throughout the Horseshoe Southern Indiana festival will win an automatic entry into the season-ending Global Casino Championship.

All but one of the events at the host venue will be No-Limit Hold’em ones and almost all will feature a buy-in fee of $400. There will be a two-day Pot-Limit Omaha event with a $400 buy-in fee. The tournament will feature $100 rebuys that will allow players to improve their situation at their respective tables anytime they fall below 3,000 in chips. Rebuys would be available for the duration of the first six levels of play.

Highlight Tournaments

The Horseshoe Southern Indiana festival will kick off with a $400 buy-in single-day No-Limit Hold’em tournament that will feature 20-minute levels. The Pot-Limit Omaha tournament is set to kick off on October 4. A two-day $600 buy-in No-Limit Hold’em 6-Handed (BB Ante) is set for October 1. That event will be a two-day one.

The $1,700 Main Event will, of course, be the one that everyone venturing to Horseshoe Southern Indiana will look to win. The tournament will take place from October 5 to October 8. It will kick off with two starting flights, played over two separate days, and will feature two more days of play.

Not only is the event expected to attract a massive field, but will also award great prestige to its champion along with a gold ring and a seat into the Global Casino Championship that will take place next summer to celebrate the end of the current WSOP Circuit season and the beginning of the series’ 2019/2020 season.

Justin Boggs won last year’s edition of the WSOP Circuit Horseshoe Southern Indiana Main Event. The tournament drew as many as 424 entries this time last year who generated a prize pool of $635,978. Aside from his first-ever piece of WSOP Circuit gold jewelry, the player also collected a first-place prize of $139,920 to celebrate his big accomplishment. It is to be seen whether the player will try to scoop a back-to-back victory or the title at this year’s edition of the major tournament will go to someone else.

The post WSOP Circuit Heads to Southern Indiana for Another Thrilling Poker Festival appeared first on Casino News Daily.

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Tuesday, September 25, 2018

New bonuses, promotions and games at Bonzo Spins

6:03 PM 0
Casino City Times
New bonuses, promotions and games at Bonzo Spins
Some of the most popular slots available on Bonzo Spins are Starburst, Cleopatra, Piggy Pirates, 7's to Burn, Action Bank, Immortal Romance, Fluffy Favourites and Fishin' Frenzy.
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Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018

11:36 AM 0
Casino News Daily
Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018

Amid growing competition and massive regulatory pressure in a number of jurisdictions, several major gambling companies have decided since the beginning of the year to undertake merger and acquisition moves. M&A deals have often proved a successful way to blunt competition and to offset the ill effects of regulations that might aim to improve the quality of service but sometimes produce the exact opposite effect.

The past nine months have seen some of the major players of the online gambling field look for and find partners to reduce the negative impact from changes of different nature in the global market. Here are several of the biggest deals that have been undertaken since the beginning of the year and how they are expected to change those involved in them as well as the global online gambling landscape.

Playtech – Snaitech

Playtech announced in April that it had agreed to buy around 70.6% of the total issued share capital of Italian gambling company Snaitech S.p.A. in an initial acquisition deal. Under the terms of the agreement, the gambling tech giant agreed to make a mandatory takeover offer for the remaining shares in Snaitech after the completion of the initial acquisition.

The total purchase price was estimated at €846 million, which Playtech funded with existing cash resources and new debt facilities.

Snaitech generated revenue of €890 million and EBITDA of €136 million last year. The deal is expected to result in annual cost synergies of €10 million for the combined entity. The Italian company operates more than 1,600 betting points around the country. In addition, it also provides sports and horse race betting, online sports betting, and online casino games. Aside from its domestic market, Snaitech also operates in a number of other jurisdictions where it is fully regulated.

Playtech pointed out that the move was part of its newly implemented strategy to focus its business on regulated markets and reduce its reliance on unregulated markets. The company suffered a heavy blow following a massive gambling crackdown in Malaysia, which had previously been one of its key Asian markets. As a result, its share price has dropped more than 50% over the past year and it was forced to issue two profit warnings over that period.

The gambling tech giant, founded by Israeli businessman Teddy Sagi in the late 1990s, now hopes that the addition of Snaitech would help it diversify its geographical revenue and improve the quality of its earnings with a particular focus on regulated markets. It is to be seen whether that strategy will prove successful and will help Playtech leave the financial issues behind.

The Stars Group – Sky Betting & Gaming

The Stars Group, owner of PokerStars, and Sky Betting & Gaming announced in April that they had agreed to complete a landmark transaction that would create a $4.7-billion online gambling behemoth with presence across multiple jurisdictions, massive customer base, and strong positions in key online gambling sectors, including sports betting in which The Stars Group has taken great interest over the past year.

The two companies said that the deal would produce $70 million of annual cost synergies, among other financial benefits.

The transaction was closed on July 11. However, a day later, the UK Competition and Markets Authority announced that it had opened a probe into the deal, without giving much detail about the nature of said probe. The ongoing investigation blocked the beginning of the integration of the two businesses and the transfer of ownership that needed to take place as part of the deal. They will have to wait until the completion of the CMA probe in order to be able to move forward.

Although the watchdog has provided limited details on the matter, it is believed that the investigation was launched due to concerns over the effects a deal of this scope would have on competition in the UK gambling market, which is currently SkyBet’s main market of focus.

The CMA published earlier this month the two sides of its initial enforcement order, which means that The Stars Group and SkyBet can start the planning process for their eventual integration. It is believed that the competition watchdog will release the full results of its investigation in October.

Once the deal is finally closed and the two businesses are successfully merged, The Stars Group will be able to use SkyBet’s experience in the online sports betting vertical to improve its own sports betting business. It is also important to note that the company is among the gambling giants looking to expand their geographical presence in the United States in as many states where sports betting is legal as possible.

The Stars Group currently operates a mobile betting app in the New Jersey regulated market, which it rolled out earlier this month. But it has long been clear that the company is looking to return to the US after it was shamefully banished from the nation after the Black Friday of US online poker back in 2011.

As for SkyBet, it will be able to extend its footprint in a number of jurisdictions after joining The Stars Group. The company currently operates in the United Kingdom, Italy, and Germany.

The Stars Group – CrownBet – William Hill Australia

Australian online bookmaker CrownBet emerged in February as the winning bidder for William Hill’s struggling Australian business. The company, which was controlled by local casino operator Crown Resorts at the time, competed with the likes of bet365, Ladbrokes, and Paddy Power for William Hill Australia.

The final round of bids placed CrownBet against Paddy Power’s local business Sportsbet, but it was the former to win the bidding war. CrownBet agreed to buy William Hill’s ailing Australian operation for A$300 million.

It was announced at around the same time that The Stars Group had reached an agreement with CrownBet’s owners to acquire a 61% stake in the company. It then became clear that the Canadian gambling giant would actually acquire an 80% stake in a move that would allow it enter Australia’s regulated betting market.

The two deals resulted in the creation of the third largest licensed bookmaker in Australia. To mark the beginning of a new era, CrownBet announced in May that it would rebrand. It first picked Sportingbet as its new name, but Paddy Power’s Sportsbet contested its choice in court, arguing that the two brands were too similar and could confuse customers. The court sided with Sportsbet and CrownBet decided that it would eventually rebrand as BetEasy.

It is quite clear that The Stars Group is looking to cement its positions in the global sports betting market by entering as many regulated jurisdictions as possible. In Australia, in particular, the company might face certain difficulties as a result of the massive competition in the local sports betting industry and growing regulatory pressure, including the introduction of a point of consumption tax in almost all Australian states and territories.

The post Biggest Online Gambling Merger and Acquisition Deals Announced So Far in 2018 appeared first on Casino News Daily.

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Biggest WSOP Europe Main Event Winners

6:21 AM 0
Casino News Daily
Biggest WSOP Europe Main Event Winners

The WSOP Europe festival is two weeks away and every self-respecting fan of live tournament poker has already braced for quality poker action and immense thrill. The 2018 edition of the major series is set to take place at King’s Casino in Rozvadov, Czech Republic, one of Europe’s best and most popular poker destinations.

The WSOP Europe has 10 gold bracelets up for grabs and it is to be seen who the lucky ten players to capture the pieces of jewelry will be. Of course, the €10,350 Main Event is the most highly anticipated tournament. The event is slated to kick off on October 27 and to run through November 2. Aside from the Main Event gold bracelet for the winner it will also feature a guaranteed prize pool of €5 million. Hopes are that the guarantee will be crushed and that the tournament will see great interest among players from all around Europe and all other corners of the world.

Elio Fox – €1.4 Million

In 2011, US poker player Elio Fox emerged as the winner of the largest ever WSOP Europe Main Event. He topped a field of 593 entries to be awarded the amount of €1.4 million. The tournament took place in Cannes. England’s Chris Moorman was Fox’s heads-up opponent. The moment of victory came for the latter after his [Ad][10s] bested his final opponent’s [Ah][7s].

It is also important to note that Fox has remained quite consistent in his pursuit of poker prestige in the years after his WSOPE Main Event victory. Most recently, the poker professional finished runner-up in this year’s WSOP $100,000 High Roller event for a cash prize of $1,798,658 and took down the Seminole Hard Rock Poker Open $50,000 buy-in Super High Roller for $500,000.

Marti Roca De Torres – €1,115,207

Spain’s Torres came as the winner of the 2017 WSOP Europe Main Event. That was the first edition of the tournament after a two-year hiatus of the European series. The player was the last man standing from a field of 529 entrants. He collected the amount of €1,115,207. Torres faced heads-up one of Italy’s most promising poker players – Gianluca Speranza. On what turned out to be the final hand in the Main Event, Torres beat his opponent with [Qh][5d].

Torres has cashed in several tournaments since last fall when he became the WSOP Europe Main Event, but has not taken down any major event since then.

The 2017 edition of the WSOP Europe took place at King’s Casino in Rozvadov, the venue that has now turned into a permanent home of the major tournament series.

Annette Obrestad – £1,000,000 (approximately €1.1 million)

The Norwegian poker pro became the winner of the first-ever WSOP Europe Main Event and has so far been the only female player to take it down. She outwitted a 362-strong field to collect £1 million in prize money. It is also important to note that at the age of 18, she was the youngest player to ever win a gold bracelet from the WSOP.

John Tabatabai from Wales was Obrestad’s final opponent on her road to victory. The two players’ final clash saw the Norwegian player’s pocket sevens hold up against Tabatabai’s [5s][6d].

The inaugural WSOP Europe Main Event took place in London. In fact, the first four editions of the series were all hosted by the capital of the United Kingdom.

Phil Hellmuth – €1,058,403

Hellmuth has long held the record for the most WSOP gold bracelets ever won. He captured his 13th ever piece of WSOP jewelry in 2012 when he topped the 420-person field of the WSOP Europe Main Event. His share of the prize pool totaled €1,058,403.

The tournament took place in Cannes where Hellmuth remained one of the two players to participate in the heads-up match. Ukraine’s Sergii Baranov was the other one. However, it was not meant to be for the Ukrainian as his [As][4c] sent him to the rail in second place after clashing against Hellmuth’s [Ah][10d]. The US player thus further cemented his reputation of a tournament poker legend. It should also be noted that Hellmuth is one of the few players to have won the WSOP Main Event in Las Vegas and the WSOP Europe Main Event.

Adrian Mateos – €1,000,000

Mateos is one of the most popular poker pros of the younger generation of players. At the age of 24, the Spaniard boasts three WSOP gold bracelets and an EPT Grand Final title. Mateos won one of his pieces of WSOP gold for taking down the WSOP Europe Main Event.

He became a WSOPE Main Event champion in 2013, when the tournament was held in France. The player beat a field of 375. Local player Fabrice Soulier was his heads-up opponent. The final hand of the tournament saw Mateos collect all his opponent’s chips with [Ad][Kc] to Soulier’s [9d][8d].

The post Biggest WSOP Europe Main Event Winners appeared first on Casino News Daily.

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Monday, September 24, 2018

Chinese crackdown hurts bottom line at Crown Perth

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World Casino News
Chinese crackdown hurts bottom line at Crown Perth

Australian casino operator, Crown Resorts Limited, has reportedly revealed that gross gaming revenues at its Crown Perth property for the twelve months to the end of June fell by almost 10% year-on-year to stand at approximately $409.51 million. Baccarat revenues tumble: According to a Sunday report from The West Australian newspaper citing information made public by […]
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Poker Tournaments Starting September 24-30

6:24 PM 0
Casino News Daily
Poker Tournaments Starting September 24-30

Fall is officially upon us and a new batch of extremely exciting poker events is set to arrive in its wake. This week’s live tournament poker overview includes events across Europe, Asia, and North America. All four promise unparalleled thrill and massive monetary prizes and all four are great for challenging one’s level of poker mastery.

Here are four of the major tournaments set to begin over the next few days and information about what one might expect from them.

PokerStars Megastack Namur

The city of Namur in Belgium will be host to the next PokerStars-branded poker festival. The PokerStars Megastack is set to kick off today at Casino de Namur and to run through the end of the month. The tournament will feature multiple exciting opportunities for players to test their skills and challenge opponents who have mastered the game at different levels.

The festival will include four tournaments and several satellites to the Main Event. And action at the host casino will kick off namely with the PokerStars Megastack Main Event. The tournament will run from today all the way through September 30 and will feature six starting flights and two more days of action. It will be a €170 buy-in event and will start off with a guaranteed prize pool of €100,000.

Another thrilling tournament on the Megastack festival’s schedule will be the €550 High Roller. That one will run on September 29-30.

WPT DeepStacks Vietnam

The WPT DeepStacks is next heading to Vietnam for another exciting festival that will bring together some of Asia’s best grinders as well as guests from around the world. The festival will take place from September 26 to October 4 at Pro Poker Club in Ho Chi Minh and will feature a plethora of events, with those varying in buy-in fees.

One of Asia’s most thrilling destinations will welcome the WPT DeepStacks series with a 2-day Welcome WPT Vietnam VND7,700,000 tournament. As for the highlight tournament, the VND22,000,000 Main Event with a guaranteed prize pool of VND8 billion it is scheduled to take place on September 28 through October 2.

The VND44,000,000 High Roller is another event worth being mentioned in our overview. The tournament will take place over three days – October 1-3 – and will feature two starting flights and one more day of play. It will allow a maximum of 2 re-entries per starting flight and will certainly offer tons of quality poker action.

Wynn Fall Classic

For those looking for thrill and excitement on the Las Vegas Strip, Wynn Las Vegas is the right place. This year’s edition of the highly popular Wynn Fall Classic is kicking off September 26 and will take place all the way through October 15.

Its schedule includes 16 different tournaments, 15 of which will be No-Limit Hold’em ones. There will also be one Pot-Limit Omaha tournament within this classy festival for fans of that poker game.

The Wynn Fall Classic will start with the $550 No-Limit Hold’em Seniors tournament. The event will be a single-day one and will feature a guaranteed prize pool of $50,000. It is important to note that most of the events within the festival will be single-day ones. There will also be one two-day event, two three-day ones, and two four-day ones.

The Main Event will be one of the four-day tournaments. It will start on October 12 and will be completed on October 15. Interested players will be able to take part in it by paying a buy-in fee of $1,600. The tournament will feature a guaranteed prize pool of $500,000 that will hopefully be crushed.

partypoker MILLIONS Dusk Till Dawn, Nottingham

partypoker’s MILLIONS live tournament brand is next landing in Nottingham for more than a week of unequaled poker action. The Dusk Till Dawn festival will begin on September 29 and will end on October 7. As one can tell by the name, the Dusk Till Dawn casino, a popular poker meeting hub, in Nottingham will play host to this major event.

The festival is set to feature more than £7 million in guaranteed prize money. This speaks volumes about the quality of poker that players and spectators will be able to witness at the host venue.

The £1,100 No-Limit Hold’em MILLIONS UK Open will put the beginning of action within the festival. The event will feature a guaranteed prize pool of £1 million. There will be five starting flights and three more days of play.

The £5,300 Main Event will be the next big tournament to kick off. It will take place on September 30-October 6. There will be at least £5 million up for grabs for those who run deep enough into this prestigious tournament.

The £550 MILLIONS UK Finale with five starting flights and the £10,300 High Roller are two other exciting events that should be mentioned. The former will take place October 4-7 and will feature a guaranteed prize pool of £500,000, while the latter will run from October 5 through October 7 and will feature a guaranteed prize pool of £1 million.

The post Poker Tournaments Starting September 24-30 appeared first on Casino News Daily.

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Macau posts improved August visitor numbers

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World Casino News
Macau posts improved August visitor numbers

Macau reportedly chalked up an 18.7% increase year-on-year in visitor numbers last month as some 3.4 million people travelled to enjoy the former Portuguese enclave’s extensive selection of shops, hotels and casinos. Year’s biggest rise: According to a report from GGRAsia citing official information from the city’s Statistics and Census Service, the August tally represented […]
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Macau casinos are back on track after typhoon

Sunday, September 23, 2018

What’s Next for Gambling Tech Giant Playtech?

11:39 PM 0
Casino News Daily
What’s Next for Gambling Tech Giant Playtech?

It has been an eventful year for Playtech and a particularly turbulent one at the same time. The gambling technology company, founded by Israeli businessman Teddy Sagi in 1999, saw its share price fall nearly 50% over the past 12 months and recorded a 34% drop in adjusted profit in the first half of the year. In addition, news emerged that a brand-new Playtech investor is pushing for a corporate governance overhaul and is not very happy about Mr. Sagi’s involvement in the company.

Earlier this year, the tech giant, which has for years been supplying major operators with a variety of products, completed the purchase of Italian gambling company Snaitech for €846 million. In its half-year results, Playtech CEO Mor Weizer attributed the company’s regulated revenue growth namely to that acquisition deal.

However, the debate over the introduction of massive restrictions on the distribution of gaming machines around Italy is becoming more and more intense with each day passing and this could cast heavy clouds over what Playtech hoped would be a purchase that would strengthen its footprint across the regulated gambling space. Snaitech derives nearly half of its overall revenue from the gaming devices.

Most recently, Playtech offloaded its entire stake in CFD trading platform Plus500 for £176 million, stating that it would use proceeds from the deal to reduce its debt and for general corporate purposes.

What is next for the gambling tech giant? The company is facing regulatory pressure and competition in key markets and will clearly have to direct its focus to where it can reap the greatest benefits. In addition, changes are clearly coming for Playtech, but it is yet to be seen how these will affect its operations, profitability and its lure to investors.

Shaky Profitability and Share Price Drop

Playtech has long been targeting a FTSE 100 status. However, it was forced to abandon these ambitions after issuing two profit warnings over the past year and reporting a 34% slump in adjusted profit for the first half of the year. The profit warnings and the eventual significant drop resulted in the company’s share price falling by half over the past 12 months.

Playtech attributed its shaky profitability to its operations in Southeast Asia. The gambling tech giant has maintained its footprint in that particular region for nearly a decade. However, growing competition in China combined with heavy pressure in Malaysia, where the local government has ramped up efforts to crack down on unregulated gambling, have had quite a negative impact on Playtech’s performance over the past year. In Malaysia, in particular, the company saw a significantly lower activity this year compared to two years ago.

On a more positive note, regulated markets offset the losses suffered in Asia. Excluding Asian revenue, the company recorded a double-digit growth during the first half of the year. Playtech further pointed out that it would look to focus on regulated markets which are traditionally more stable and that it expects to generate around 80% of its overall revenue for 2018 from such regulated markets. Around 69% of Playtech’s half-year revenue came from regulated markets, as reported by the gambling software developer.

New Shareholders with New Demands

News emerged last month that SpringOwl Asset Management had invested more than $100 million into Playtech over the span of several weeks, thus acquiring a 5% stake in the company. The New York-based hedge fund is led by US investor Jason Ader, who among other things is known for playing a key role in bwin.party Digital Entertainment’s sale to GVC Holdings. Mr. Ader used his holding in bwin.party to press for the gambling operator’s sale following a prolonged proxy fight with the company’s board which involved him criticizing board members for failing to properly execute the 2010 merger of bwin and Party Gaming, which resulted in a 60% decline in share price.

According to media reports, Mr. Ader is expected to use his newly acquired stake in Playtech to demand disposal of assets or even sale of the gambling tech company. However, Playtech’s corporate governance is understood to be SpringOwl and its leader’s main focus for the time being. Mr. Ader has reportedly expressed concerns over the fact that Alan Jackson has been serving as the company’s Chairman for too long. In addition, the US investor has pointed out that Mr. Sagi’s continuing association with the gambling tech giant he had found is “a negative” for Playtech. The company’s founder currently holds a 6.3% stake in it after selling down his controlling stake bit by bit over the past several years. Mr. Ader has recently told Reuters that he does not have “a sense that the future of this company includes Teddy Sagi”.

In a separate round of news, it became known that London-based privately owned hedge fund Odey Asset Management has quietly bought a 5% stake in Playtech. Reports also emerged that the hedge fund’s co-founder, British businessman Crispin Odey has been in touch with Mr. Ader. Together the two investors own 10% in Playtech, which is more than enough to secure them with the influence required to press for important changes, including a corporate governance overhaul.

According to the latest reports on the topic, a change in the company’s leadership could indeed be asked for by Mr. Ader.

Plus500 Stake Sale

As mentioned above, Playtech sold recently its entire stake in CFD trading platform Plus500 for the amount of £176 million. The company said in a statement that it would use the money it has raked in from the sale to reduce its debt and for other corporate purposes.

The move came days after five of the trading platform’s founders disposed of 9.4 million of their shares for the approximate amount of £145 million, citing personal reasons and “desire to diversify their investments” as the main reasons for their decision. Playtech previously made a £459-million offer to purchase Plus500. However, concerns raised by the UK Financial Conduct Authority combined with pressure from the trading platform’s investors, with Odey being one of them, resulted in the deal’s failure.

Playtech’s recent disposal of its stake in Plus500 has actually been applauded by Mr. Ader. The US investor has pointed out that the gambling tech firm should continue disposing of its financial businesses and focus solely on the gambling portion of its operations as its financial services holdings have proved to be a major distraction.

Conclusion

Bearing in mind the recent developments, it seems that Playtech’s eventful streak is far from over. With brand-new and very demanding investors, the company could be headed toward a sale, a disposal of some of its assets, and/or a corporate governance overhaul. In addition, it would be looking to improve its profitability by directing its focus mainly on regulated markets and gradually reducing the influence unregulated markets have on its business. Last but not least, there clearly will be pressure for Mr. Sagi to exit the company completely and it is rather curious to see whether and how this would happen.

The post What’s Next for Gambling Tech Giant Playtech? appeared first on Casino News Daily.

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Mississippi casino revenue spikes as sports betting debuts

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World Casino News
Mississippi casino revenue spikes as sports betting debuts

The regulations having taken effect on July 22, Mississippi’s launch of sports betting is already proving to benefit brick and mortar casinos in the state where overall casino revenue increased significantly in August. PASPA unconstitutional: In an effort to be among the first states in the nation to legalize sports betting, the Mississippi Gaming Commission […]
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Erkut Yilmaz earns WPT Borgata Poker Open win

11:45 AM 0
World Casino News
Erkut Yilmaz earns WPT Borgata Poker Open win

A total of 1,075 players registered to compete in the WPT Borgata Poker Open, with Erkut Yilmaz ending up the event champion. Yilmaz would hold the chip lead going into the final day and after defeating TK Miles in the final round, would eventually earn the first-place finish. Tough Competition: Several big name players were […]
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