September 2018 - Master Gambling Bonuses

Friday, September 21, 2018

FanDuel Back-Pedals, Agrees to Pay Bettor $82K

11:39 AM 0
Casino News Daily
FanDuel Back-Pedals, Agrees to Pay Bettor $82K

After creating controversy with its decision not to honor a fan’s bet after a glitch in the live odds-making system, FanDuel back-pedaled to avoid the negative publicity. The Newark resident will now receive $82,610 in winnings that should have been paid out according to the 750-1 odds displayed on his ticket.

On Sunday, FanDuel’s Sportsbook at the Meadowlands Racetrack in New Jersey sold a ticket to Anthony Prince, who wagered on the Denver Broncos vs. Oakland Raiders that was being played at the time. The bet he placed on the game was in-play, a term that refers to live bets, so the odds were changing as the game progressed. But an error occurred in the live feed at that specific moment when Prince purchased his betting ticket and as a result, the odds were displayed incorrectly.

Instead of buying into correct odds of -600 on Broncos to win, he received +750,000, or odds of 750-1. This was, of course, a ridiculous betting line caused by a glitch in the odds-making system that lasted 18 seconds, according to FanDuel. Whether knowingly or not, Prince exploited that error. Wagering $110 on the Broncos with the ticket, he should have won $82,610. The sportsbook, however, said that the ticket was actually worth only $18.35 and declined to pay out any additional winnings.

The dispute was almost immediately reported by a local TV channel and a wider coverage followed this week in some of the largest sports media networks. While backed up by the gambling regulations in New Jersey and the company’s own policies, FanDuel’s decision caused huge controversy. On Tuesday, the daily fantasy sports provider and bookmaker issued an official statement, explaining why it would not pay out the erroneous bet. Winning bets were honored at the accurate market price, the company added.

Change of Heart or a PR Stunt?

This past week was marked by a negative publicity for FanDuel caused by the rejection of the $80,000 bet. As per current provisions in the state’s gambling legislation, the bookmaker has the right to void winnings generated from a technical error such as in Anthony Prince’s case. While the decision to stiff that bet may have been, indeed, correct and fair, it was certainly not in the best interest of the company.

Many journalists and sports analysts criticized FanDuel for their stance, saying that it was the bookmaker’s fault for allowing such glitches to happen. Bettors, on the other hand, were not to blame for exploiting flaws in the betting systems. Similar opinions were shared by many sports fans on social media, as well. The bookmaker has probably had a change of heart regarding the dispute as it came out with another statement Thursday evening.

In it, FanDuel explains that it is not legally bound to pay out these erroneous bets. It will honor them either way, however, as it is dedicated to providing its customers with a gambling experience that is, most of all, fun. This one is on the house, FanDuel assures bettors.

With this surprising twist, the sportsbook is apparently recognizing the risk of creating a negative image for itself in the media for a handful of bets, even if they are worth tens of thousands of dollars. Some commentators have described the company’s newly changed position as a PR stunt, and rightfully so. Such criticism could damage not only its public image but also its future business opportunities.

The post FanDuel Back-Pedals, Agrees to Pay Bettor $82K appeared first on Casino News Daily.

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Cherry AB brings Blitzino.com to Germany

6:00 AM 0
World Casino News
Cherry AB brings Blitzino.com to Germany

After launching the Snabbare.com and Hajper.com domains for players in its home nation earlier in the year, Swedish iGaming firm Cherry AB has now announced the premier of the new Germany-facing online casino at Blitzino.com. To be operated by ComeOn! concern: Stockholm-listed Cherry AB used an official Wednesday press release (pdf) to reveal that Blitzino.com […]
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SuperBook to be rolled out across the United States

12:18 AM 0
World Casino News
SuperBook to be rolled out across the United States

American casino owner, Westgate Resorts, has announced that it is set to expand the influence of the SuperBook sportsbetting facility located inside its giant Westgate Las Vegas Resort and Casino by offering the sportsbook’s services as a ‘white-label’ solution. Partnering with Paragon Gaming Corporation: The Orlando-headquartered company used an official Wednesday press release to reveal that […]
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Thursday, September 20, 2018

New hotel-casino could come to Illinois

US State and Local Governments Rake in $40.8 Billion in Gambling Taxes

12:30 PM 0
Casino News Daily
US State and Local Governments Rake in $40.8 Billion in Gambling Taxes

US governments on all levels, federal, state and local, received $40.8 billion in tax revenues from the rapidly growing gambling industry in 2017. The sector contributed $261 billion to the United States economy and employed more than 1.8 million people, a new study by Oxford Economics reveals.

The research, published this week by the American Gaming Association, uncovers the key role of the gambling industry in the nation’s economy. The latest data shows the striking impact of casinos on other sectors such as hospitality, finance, insurance, and real estate. The gambling business has also become a large employer, while tax revenue from it alone provides funds, which would allow for the hiring of 692,000 new teachers, says Sara Slane, senior vice president of public affairs for the American Gaming Association, in an official statement.

According to the American Gaming Association (AGA), casino gaming has expanded to multiple new markets in the past few years, supporting the development and funding of various community projects in education, healthcare, etc. In 2017, the total economic impact of the gaming industry was $261.4 billion. This figure refers to the business sales or the output, which includes much more than just casino revenues.

Instead, researchers at Oxford Economics took various aspects of the gambling industry into account. Native American casinos, for example, generated $33.7 billion in total revenue, while commercial casinos earned $55.7 billion, for a total casino revenue of $89.4 billion. Nearly $73 billion of it represents the gross gaming revenue, while the rest of the money was generated by lodging, food and beverage, and entertainment.

Another figure included in the 2017 statistics is the gaming manufacturers’ revenue, which totaled $6.3 billion. In addition, ancillary spending added another $13.3 billion – these are the purchases of casino patrons that are made outside the gambling facilities but are completely dependent on casinos. Overall, the total direct spending generated by the gambling industry last year was $109 billion. The commercial casino industry brought $40.8 billion in total tax revenues, $10.7 billion of which came directly from gambling.

However, the economic impact of the gambling sales far extends this figure and shows the sector’s actual potential for supporting employment and boosting revenues in many other industries.

Huge Economic Impact

As mentioned above, local, state and federal governments received $40.8 billion in tax revenues from the casino and gambling industry last year. As city and state coffers were boosted by billions of dollars, a wide range of projects and services were funded such as hospitals, schools, public safety, infrastructure projects, educational programs, etc. Interestingly, the total tax impact per household was estimated – it was $343 per US household. In other words, every household in the country received a share of the taxes collected from the gaming sector in 2017.

One of the most important roles of the gambling industry is its influence on employment in the United States, according to researchers. The Oxford Economics study shows that commercial casinos employed 361,000 people, while tribal casinos employed another 198,000 individuals in 2017. The income generated from this labor was $26.5 billion, estimates reveal. An additional 17,100 employees worked for gaming manufacturers, earning $1.1 billion.

Patrons’ ancillary spending, as explained above, directly generated 151,000 jobs in other sectors, with $5.7 billion in labor income. The gambling business supported a total of 727,000 direct jobs that accounted for $33.3 billion of wages, salaries, and tips, the report reveals. That is not all, however, and researchers explain that the business activity of the gaming industry has, in fact, caused a chain effect that ultimately generated indirect labor income of $18.3 billion.

Last, but not least, casino workers, as well as employees in businesses directly or indirectly influenced by the gaming industry spend on services and goods from completely different sectors. As a result, the induced labor income last year totaled $22.3 billion. Overall, the gambling industry supported 1.8 billion jobs that generated $74.0 billion in salaries, benefits, and tips.

The post US State and Local Governments Rake in $40.8 Billion in Gambling Taxes appeared first on Casino News Daily.

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The Caesars Casino & Sports app -- CAESARS ENTERTAINMENT

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eGaming
The Caesars Casino & Sports app -- CAESARS ENTERTAINMENT

Caesars Entertainment Corporation recently announced that it’s taking mobile sports bets in New Jersey via The Caesars Casino & Sports app. 

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Under-construction Grand Lisboa Palace unhurt by Typhoon Mangkhut

12:21 AM 0
World Casino News
Under-construction Grand Lisboa Palace unhurt by Typhoon Mangkhut

In Macau, casino operator SJM Holdings Limited has reportedly announced that its under-construction Grand Lisboa Palace was not damaged as a result of Typhoon Mangkhut despite being hit by gusts of wind well in excess of 100 miles per hour. All casinos asked to close: According to a Monday report from GGRAsia, Typhoon Mangkhut was […]
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Wednesday, September 19, 2018

Russian Authorities Arrest 100 People in Illegal Gambling Crackdown

5:48 PM 0
Casino News Daily
Russian Authorities Arrest 100 People in Illegal Gambling Crackdown

The Russian police have revealed an underground casino network in Moscow during a joint operation of several investigative offices. Following a long investigation and more than 80 searches of businesses and homes, authorities have detained 100 people, including the leader of the criminal organization, A. Bazhanov.

The news of the massive operation that uncovered one of the largest criminal syndicates in the Russian capital was announced Wednesday by the press service of ICR, an abbreviation for the Investigative Committee of Russia, which is the country’s anti-corruption agency. The investigation, however, was conducted in cooperation with the Ministry of Internal Affairs and the FSB, the Federal Security Service, which is the main successor agency to the former KGB.

With this large-scale operation, authorities revealed that the criminal organization has created a sophisticated network of 15 illegal casinos and gaming clubs in Moscow. They operated under the guise of legal bookmaker Panorama LLC since May 2016 and provided illegal gambling outside Panorama’s official premises. The betting company is working under several brand names, including GreenBet, UnionBet, and WinLine. Members of the criminal organization managed to conduct unsanctioned gambling operations using specialized equipment.

Investigators have cracked down on the activities of 15 Moscow casinos and detained 100 individuals after a huge number of offices and apartments were searched, ICR’s Yulia Ivanova said. Initially, 47 of them will be charged with different crimes, she added. According to her office, investigators have united a total of 12 criminal cases. This is certainly one of the largest operations against illegal gambling businesses in Russia in the past few years.

Underground Casinos Earned Millions of Rubles Every Month

The criminal syndicate that organized the illegal gambling and betting operations probably started as a much smaller activity of A. Bazhanov. Over a period of 2 years, the network expanded to around 15 gaming clubs and casinos, which generated revenues worth hundreds of millions of rubles every month. The leaders of the group had a lavish lifestyle, according to investigators. They purchased a top-tier real state, as well as expensive cars and other luxury items.

The structure of the network was neatly set up, so the different levels of the operation functioned separately. Many of the individuals did not know their fellow syndicate members but it was the leaders of the organization who were surrounded by the ultimate secrecy. Various technological innovations were used such as IP phones and messaging apps, there was a strict hierarchy, and accomplices’ tasks were clearly distributed.

This is not the first investigation against illegal gambling groups in Russia, with various underground betting shops and gaming clubs being uncovered across the country. According to the data revealed by authorities, however, this large-scale operation has eliminated one of the largest networks of illegal casinos in Moscow. The organization led by Bazhanov is also one of the biggest criminal groups uncovered in the capital.

The post Russian Authorities Arrest 100 People in Illegal Gambling Crackdown appeared first on Casino News Daily.

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FanDuel Sportsbook opens at The Greenbrier

11:36 AM 0
Casino City Times
FanDuel Sportsbook opens at The Greenbrier
The online sports and entertainment company announced the official grand opening of FanDuel Sportsbook at the West Virginia casino and will be the only sportsbook in a private casino in America.
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New Bill Envisions Legalized Sports Betting in DC

6:03 AM 0
Casino News Daily
New Bill Envisions Legalized Sports Betting in DC

Several states have already legalized sports betting after the historic United States Supreme Court decision in May, which deemed the Professional and Amateur Sports Protection Act (PASPA) unconstitutional. The next region to allow sports wagers may easily become Washington D.C. as a new bill was introduced Tuesday.

The legislation was proposed by D.C. Council member Jack Evans (D-Ward 2) who said in a statement that if passed into a law, the bill would bring more revenue to the District. According to him, the District should act quickly if it wants to tap into this new and lucrative market. In order for the region to secure boost to city coffers, however, D.C. lawmakers should take action as soon as possible.

Neighboring Maryland already has casino gambling, while Virginia is considering sports betting. In his statement, Evans points out that the Hollywood Casino at Charles Town Races in West Virginia is currently targeting D.C. gamblers. In fact, this is the closest gambling facility available to D.C. residents as it is located only 75-minute drive from Washington Downtown. According to the Council member, the proposed bill would bring in revenue for the District rather than other jurisdictions making money off of D.C. gamblers.

The bill was introduced by Evans along with Council members Cheh, Gray, Bonds, and Todd. It is now being referred to the Committee on Finance and Revenue and needs to go through several procedures before being passed as law. Evans believes that the majority of his colleagues in the Council are in support of the amendment of the current gambling legislation. He says the bill has been drafted with the offices of Mayor Muriel E. Bowser (D) and D.C. Council Chairman Phil Mendelson (D).

The Washington Post published the Bill and contacted both the Mayor and the Council Chairman. While Mendelson told the paper that was against legalized gambling, he was a strong supporter of the amendment because it reflected the Supreme Court’s decision. He thinks that with the lifting of the federal ban on sports betting, an increased number of states would join New Jersey and would allow wagers on sports events.

Sports Betting Bill Highlights

D.C. Council member Jack Evans proposal would allow residents of the District of Columbia to bet both in land-based facilities and online on websites and on mobile devices. The terms “sports wagering” includes parlays and single-game bets, as well as live bets. Overall, all types of bets are being considered, including money lines, teaser bets, over-under, pools, exchange wagering, straight bets, and proposition bets.

The bill also consists of provisions regarding the sports wagering operators. For instance, the initial license term would be 5 years and applicants will need to pay a license fee of $50,000, with another fee of $50,000 payable at the time of license renewal. The proposed tax is 10 percent of the monthly gross revenue of the operator. However, there is no mechanism for collecting the taxes. Evans does not include an initial projection for the size of the market in D.C. and there are no estimates of the potential tax revenue received by the District.

Evans’ proposal was supported by the Mayor’s office. In a statement, Bowser’s chief of staff John Falcicchio said that legalized sports betting could help the District fund critical programs and create jobs for the residents. Half of the revenue would subsidize early-childhood care programs and some of the money would go to the D.C. Commission on the Arts and Humanities.

The post New Bill Envisions Legalized Sports Betting in DC appeared first on Casino News Daily.

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Tuesday, September 18, 2018

Formula One Inks Historic Sponsorship Deal to Launch Live Betting

11:36 PM 0
Casino News Daily
Formula One Inks Historic Sponsorship Deal to Launch Live Betting

Formula One, the highest and most prestigious class of auto racing sports in the world, has surprisingly changed its years-long attitude towards sponsorship by bookies on Tuesday. The brand’s owner, Liberty Media, announced it has signed a sponsorship and data rights deal with Interregional Sports Group and Sportsradar.

As part of the groundbreaking partnership, the first ever F1 betting offering will be created, allowing fans to place live bets on the competition. According to an official press statement, released Tuesday, the deal enables the development of in-play betting markets. For the first time in the history of Formula One, millions of people around the world will be able to wager easily on Grand Prix.

This is the first strategic partnership for Formula One and according to media reports in The Edge, the contract between Liberty Media and the two companies costs US$8 billion. The Financial Times estimates that the deal will be worth at least $100 million over the next five years. Interregional Sports Group (ISG), which is a London-based marketing agency, will grant betting partnership rights to various betting brands in regulated markets. This will include on-screen graphics, trackside signage, as well as digital integration with the social platforms of Formula One, the statement reveals.

Although the details of the deal are still unclear, ISG would make an upfront payment to Formula One and then, it would sell the access rights to gambling companies. The other company in the partnership is Sportsradar, a sports betting and data analyzing firm, headquartered in Switzerland. According to the press release, the company and its Fraud Detection System will provide assistance with the safety and integrity policies. It already works with various rights holders and helps them prevent and fight match-fixing. Some of these leagues are NBA, NHL, FIFA, World Rugby, ITF, UEFA, AFC, and more.

F1’s First Betting Sponsorship Deal in 40 Years

During Bernie Ecclestone’s era, which continued for 40 years, the endorsement from betting companies was not allowed. Ecclestone who ran Formula One since the 1970’s did not want the brand to be associated with gambling in order to preserve its glamorous image. Most sports, leagues, and teams, on the other hand, have signed multi-million sponsorship deals with sports betting and gambling companies over the years. Such partnerships have increased in value in recent years, earning fortunes to some of the most successful teams in the world.

The deal with ISG and Sportsradar will not only allow fans to place live bets but it will also enable advertisements to be displayed on electronic billboards track-side. Gambling brands will be flashed on the track and on-screen during televised races. After this partnership takes into effect, Formula One will become a lot like English football, for example. This season, 17 of all 24 Championship clubs and 9 of all 20 Premier League clubs are sponsored by sportsbooks, which names are clearly displayed on footballers’ shirts.

The move is an important shift in the business strategy from what was practiced over decades under the previous owner. But it also comes in a time of controversy regarding the influence of gambling giants on sports groups and major sporting leagues. For this season, Formula One has 21 races which take place worldwide. Some of the countries where they are held, however, prohibit or restrict gambling ads during live broadcasts.

The post Formula One Inks Historic Sponsorship Deal to Launch Live Betting appeared first on Casino News Daily.

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Osaka seeks women support

Relax Gaming announces new Erik the Red slot game

12:12 PM 0
World Casino News
Relax Gaming announces new Erik the Red slot game

Online slot gaming fans must prepare to go on a seafaring adventure with an exciting new release by Relax Gaming. The top-rated platform supplier and casino games creator has announced their latest video slots title featuring a fire-bearded Viking, Erik the Red. The new 5×4 video slot game involves Erik and Helga, his wife, as […]
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Video Review: Eastern Emeralds from Quickspin

6:33 AM 0
Casino City Times
Video Review: Eastern Emeralds from Quickspin
Set in the Asian wilderness with beautiful mountains, the five-reel game with 20 paylines features oriental themes with dragons, fishes and birds.
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Visitor Numbers at MGM Springfield Exceed Expectations

12:27 AM 0
Casino News Daily
Visitor Numbers at MGM Springfield Exceed Expectations

The number of daily visitors at the recently opened MGM Springfield has been around 50,000 on average during weekends and approximately 25,000 on weekdays, which significantly exceeds expectations. Revenues have also been higher than initial projections, casino officials told state regulators.

MGM Springfield, a $960 million investment by MGM Resorts International, opened on August 24 as Massachusetts’ first commercial casino resort. Since its grand opening, which was marked by huge celebrations and music performances by the likes of Stevie Wonder and Dropkick Murphys, the resort is seeing a surprisingly large attendance, especially during weekends. Daily visitors are averaging 50,000, while the numbers are half during weekdays, MGM Springfield President Michael Mathis said last week at a meeting with the Massachusetts Gaming Commission.

According to him, the operator’s early projections were rather modest compared to the actual figures reported so far. The company had estimated that there would be between 15,000 and 20,000 visitors a day. In reality, around 25,000 on average visit the integrated casino resort on weekdays. Revenues are also showing great potential, although it is too early for conclusions as the casino opened less than a month ago. As expected, Mathis did not share specific figures.

During the Thursday meeting, casino officials also reassured the Gaming Commission that they the facility is complying with all regulations. As a result, the state regulator voted unanimously to grant MGM Springfield a permanent certificate of operations. Until now, it was operating under a temporary license. The state receives 25 percent of the gross gambling revenues generated by the 14-acre facility. According to earlier projections, MGM could earn around $500 million in winnings, which would translate to roughly $125,000 in taxes for the state. Still, there are no clear figures on the revenues generated so far.

New Policies to Keep Minors Off Casino Premises

All seems to be going well for the new casino resort. Several issues have been reported by the MGM Springfield, however, with underage access to the casino being the most serious one. There was a case when minors were discovered on the casino floor, which is a clear violation of Massachusetts law. The operator has, since then, taken steps to stop and prevent underage gambling, Mathis explains.

One of the measures states that individuals under the age of 16 will not be allowed at the facility if they are not accompanied by an adult. In addition, people under the age of 21 will not be able to enter the casino after midnight. The only exception is made for the guests at the resort who may be staying with their family members.

Of course, there are lots of non-gambling amenities at MGM Springfield that can be visited by both adults and youngsters. They include restaurants and retail stores, a bowling alley and a movie theater, slated for an opening very soon. The outdoor plaza is a popular venue for concerts, comedy performances, group yoga classes, etc. There is also a spa and fitness center with a swimming pool.

The post Visitor Numbers at MGM Springfield Exceed Expectations appeared first on Casino News Daily.

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Monday, September 17, 2018

Feast Buffet debuts only overnight buffet in Valley

6:15 PM 0
Casino City Times
Feast Buffet debuts only overnight buffet in Valley
The new Feast Buffet at Palace Station Hotel and Casino has introduced the only overnight buffet available in Southern Nevada along with an exclusive menu to cater to the late night dining crowd.
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Starlight Casino Edmonton to officially open next week

12:33 PM 0
World Casino News
Starlight Casino Edmonton to officially open next week

In western Canada, casino operator Gateway Casinos and Entertainment Limited has announced that its $43 million transformation of the Palace Casino into its new Starlight Casino Edmonton has been completed and is to be officially opened on September 26. Plethora of gaming attractions: The Vancouver-based firm used a Friday press release to reveal that the […]
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Eldorado obtains approval to own Tropicana

Breast Cancer Awareness Month at Therapy Restaurant

12:06 AM 0
Casino City Times
Breast Cancer Awareness Month at Therapy Restaurant
Therapy restaurant, located in the Fremont East Entertainment District, will offer specialty cocktails in honor of Breast Cancer Awareness Month throughout October.
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Sunday, September 16, 2018

First Nation breaks ground on $38 million Dakota Dunes hotel project

6:03 PM 0
World Casino News
First Nation breaks ground on $38 million Dakota Dunes hotel project

Ground was broken on a $38-million Dakota Dunes Hotel project south of Saskatoon Saskatchewan, Canada by the Whitecap Dakota First Nation on Thursday. Indigenous Services Canada reports that the project includes a 155-room hotel, a restaurant, pool and a fitness and business center and is expected to open in 2020. Premier tourist destination: The hotel is […]
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Pragmatic Play launches Da Vinci’s Treasure slot game

12:21 PM 0
World Casino News
Pragmatic Play launches Da Vinci’s Treasure slot game

Top online gaming provider Pragmatic Play has announced a new slot game titled Da Vinci’s Treasure, offering players yet another blockbuster title to enjoy at the best online casinos. The 3×5 slot game takes players along as John Hunter, explorer extraordinaire, sets off on a treasure hunting adventure. Follow along with John as he tries […]
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Biggest WPT Borgata Poker Open Champs over the Years

6:15 AM 0
Casino News Daily
Biggest WPT Borgata Poker Open Champs over the Years

Another major event on the fall live tournament poker calendar is set to kick off in just a few hours and excitement is certainly building up at the Borgata Hotel Casino & Spa where it will take place. Of course, we are talking about the WPT Borgata Poker Open $3,500 Championship, an event that has been part of the WPT schedule since Season 2 of the popular poker series.

This year’s edition of the tournament is set to take place from today, September 16, through September 21. As mentioned earlier, it is a $3,500 buy-in event. The Championship features a guaranteed prize pool of $3 million, but hopes are that there will be a massive interest in it and it will draw a plethora of players to crush the guarantee.

Last year, the WPT Borgata Poker Open Main Event attracted a behemoth field of 1,132 entrants who smashed the guarantee and generated a prize pool of $3,623,532. Guo Liang Chen was the player to outlast the massive field and collect the tournament trophy and the lion’s share of the prize pool. Chen’s first-place prize amounted to $789,058.

It is yet to be seen how much this year’s champ will scoop for remaining the last person standing from the field of one of the most prestigious events to be taking place annually as part of one of the world’s most popular live poker series.

To celebrate the start of a brand new edition of the WPT Borgata Poker Open Championship, Casino News Daily has looked back over the years to present its readers with the three biggest winners of this thrilling tournament. And here they are:

Roy Winston – $1,575,280

Roy Winston won the Borgata Poker Open Main Event back in 2007, or the Season 6 edition of the tournament. The player was part of a 560-strong field. Each of the tournament’s entries paid a buy-in fee of $10,000, which eventually resulted in the creation of a prize pool of $5,432,000. Winston’s share of the prize pool amounted to $1,575,280. That was the largest ever prize to have ever been won within the Borgata Poker Open.

Winston played a star-studded final table that included the likes of Mike Matusow and Haralabos Voulgaris. The player eventually played heads-up against poker amateur Heung Yoon. The latter collected $832,725 for his runner-up finish.

Mark Newhouse – $1,519,020

Newhouse won the Season 5 edition of the tournament back in 2006. The player outwitted a field of 540 entries to collect $1,519,020. The event was a $10,000 buy-in one and featured an overall prize pool of $5,238,000.

Newhouse started his poker career in a particularly exciting way. The player deposited $50 with partypoker to turn it into more than $100,000 within the span of a single month. He won another $100,000 in the very next month, which convinced him that he should pursue a career in poker. It is also interesting to note that Newhouse is one of the few players to have secured spots at the final table of back-to-back WSOP Main Events. The player finished ninth in the 2013 and 2014 editions of the World Championship.

Al Ardebili – $1,498,650

Ardebili won the prestigious WPT Borgata Poker Open title back in 2005 after successfully surviving a field of 515 tournament entries. The tournament featured a prize pool of $4,995,500, generated from the $10,000 buy-in fee paid by its entries.

Ardebili scooped his title after four days of quality poker action that saw him remain the last surviving participant. The player played heads-up against Ricardo Festejo to have his [Ah][9s] on the final hand dealt within the tournament sent his final opponent to the rail. Festejo collected $799,280 for his efforts.

The post Biggest WPT Borgata Poker Open Champs over the Years appeared first on Casino News Daily.

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Florida’s Gambling Industry Pours $1.25 Million in September to Fight Amendment 3

12:24 AM 0
Casino News Daily
Florida’s Gambling Industry Pours $1.25 Million in September to Fight Amendment 3

Florida’s gambling industry has stepped up efforts to fight an amendment that will be voted on the November 6 ballot and that, if approved, will give state residents the authority to decide whether there should be any form of casino gambling expansion on the territory of Florida.

According to a newly submitted finance report, representatives of the state’s gambling industry contributed the amount of $1.25 million to the Citizens for the Truth About Amendment 3 Inc. political committee in the period between September 4-7. The committee was established this past July to put efforts into fighting the so-called Amendment 3 that is set to appear on the November 6 ballot.

Generally speaking, the aforementioned measure aims to give Florida voters the right to decide on whether casino gambling should be authorized under Florida law. If approved in November by a 60% majority of voters, the proposed amendment would change the state Constitution, under which it is now up to lawmakers to determine whether more gambling businesses should be allowed to operate anywhere in Florida. If the Amendment 3 measure takes effect, any gambling expansion proposals will have to be approved by 60% of all voters.

According to the latest finance report, Las Vegas gaming and hospitality giant MGM Resorts International and Jacksonville Greyhound Racing Inc. each poured $500,000 into the Citizens for the Truth About Amendment 3 initiative from September 4-7. In addition, the South Florida Racing Association contributed the amount of $250,000. Figures show that the committee has raised more than $3.5 million since its establishment in July.

Disney and Seminole Tribe Biggest Sponsors of Amendment 3

It is important to note that Florida’s gambling industry has two huge opponents in its fight against Amendment 3. Disney and the Seminole Tribe of Florida, which operates seven casinos across the state, have so far poured $26 million of the total amount of $27 million raised for the promotion of the proposed measure.

It also should be pointed out that both Disney and the Seminoles have no interest in any form of expansion of gambling in the state due to competition concerns. The tribe currently holds the monopoly over casino gambling and certainly wants to keep that monopoly for as long as possible. As for Disney, it does not operate any gambling establishments, but it is a huge stakeholder in the state’s entertainment industry. Any form of gambling expansion will certainly concern the entertainment conglomerate, hence its support for Amendment 3.

According to a recently conducted poll, commissioned by Voters in Charge, the organization behind Amendment 3, 71% of Florida’s likely voters would support the proposed measure during the upcoming General Election in November. Analysts believe that the amendment has a big chance to pass because it is pretty straightforward and easy to understand and gives Florida residents back the authority to decide on gambling-related matters.

Following the original legalization of gambling in the state in the early 1990s, it had been up to voters to decide on gambling expansion matters. It has actually been only recently when lawmakers assumed full authority over such matters.

The post Florida’s Gambling Industry Pours $1.25 Million in September to Fight Amendment 3 appeared first on Casino News Daily.

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Saturday, September 15, 2018

Evolution Gaming Group AB inks Les Ambassadeurs Casino arrangement

5:57 PM 0
World Casino News
Evolution Gaming Group AB inks Les Ambassadeurs Casino arrangement

Live-dealer online casino games provider Evolution Gaming Group AB has announced the signing of a deal that is to see it open a studio inside Les Ambassadeurs Casino while additionally installing Dual Play Roulette and Dual Play Baccarat ‘convergence’ tables on the west London property’s casino floor. Authentic Privee Live Casino: According to an official Friday […]
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Free October events at Pala

11:52 AM 0
Casino City Times
Free October events at Pala
The California casino will continue its free events series in October featuring the 60+ Club at 1 p.m. on Tuesdays, and the underground wine CAVE, the new, expanded Luis Rey's and Bar Meets Grill on weekends.
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Confetti Casino online casino -- FORT MASON GAMES

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eGaming
Confetti Casino online casino -- FORT MASON GAMES

Fort Mason Games recently debuted its mobile app, Confetti Casino, a Vegas-style slots game.

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Friday, September 14, 2018

Live! Casino and Hotel debuts ground-breaking TrackIt advance

11:45 PM 0
World Casino News
Live! Casino and Hotel debuts ground-breaking TrackIt advance

In Maryland, Live! Casino and Hotel has announced that its players can now redeem vouchers that have been printed at one of its over 4,700 slots for table chips following the successful installation of the TrackIt innovation from developer Aristocrat Technologies Incorporated. Part of developer’s Oasis 360 solution: According to an official Monday press release […]
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Rí Rá Las Vegas celebrates Halfway to St. Patrick's Day

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Casino City Times
Rí Rá Las Vegas celebrates Halfway to St. Patrick's Day
The official Halfway to St. Patrick's Day party starts on Monday, 17 September at the Irish pub in Las Vegas.
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Eldorado Resorts Receives Temporary Regulatory Nod to Operate Tropicana Casino

11:48 AM 0
Casino News Daily
Eldorado Resorts Receives Temporary Regulatory Nod to Operate Tropicana Casino

Gaming and hospitality company Eldorado Resorts has been given a temporary approval to own and operate Tropicana Casino in Atlantic City. The move comes as part of a $1.85-billion acquisition deal that will see Eldorado assume control over the gambling venue’s parent company Tropicana Entertainment. The later company owns six more casino properties across six states.

The New Jersey Casino Control Commission issued earlier this week a temporary license that authorizes Eldorado to operate Tropicana, while its application for a full license is under review. The gambling venue was Atlantic City’s second highest grossing casino last year, trailing only behind the Borgata.

At present, Tropicana is one of the city’s few casinos that do not provide sports betting, following the legalization of that type of activity in the state in early June. However, this is about to change soon. The casino announced earlier this week that it has penned a partnership agreement with British bookmaker William Hill that would see the launch of a sportsbook at the property.

Tropicana General Manager Steve Callender said in a press release from a few days ago that a brand-new facility is currently being created in the casino’s North Tower and that it would host sports betting. More details are expected to be released in the coming weeks.

In a separate round of news, Eldorado announced last week that it has entered into an agreement to buy a 20% stake in William Hill’s US business. In addition, the bookmaker would become the exclusive sports betting partner for the Reno, Nevada-based gaming and hospitality company. Eldorado currently operates 21 properties in 11 states. The acquisition of Tropicana Entertainment will extend the company’s footprint across two new states.

Details about the Deal

It was in April when Eldorado announced that it would acquire Tropicana Entertainment and its properties across six states in a deal valued at $1.85 billion. Tropicana is currently owned by New York investor Carl Icahn. The transaction is expected to be completed sometime in the fourth quarter of the year.

It is also important to note that Eldorado has partnered casino REIT Gaming and Leisure Properties to buy Tropicana Entertainment. The deal will see Gaming and Leisure pay the amount of $1.21 billion and lease the Tropicana properties to Eldorado, while the latter company will pay the remaining $640 million.

The purchase of Tropicana Entertainment was Eldorado’s second major acquisition deal in 18 months amid a wave of consolidation within the US land-based casino industry. Last May, the Nevada-based gaming and hospitality company completed the acquisition of Isle of Capri Casinos for $1.1 billion.

Separately, Eldorado also announced earlier this year that it has agreed to buy Grand Victoria Casino in Elgin, Illinois from rival MGM Resorts International for the total amount of $327.5 million.

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The post Eldorado Resorts Receives Temporary Regulatory Nod to Operate Tropicana Casino appeared first on Casino News Daily.

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Tokyo assesses potential IR impact

Thursday, September 13, 2018

Helio Gaming bringing its lottery games to Nigeria

11:48 PM 0
World Casino News
Helio Gaming bringing its lottery games to Nigeria

A little over three weeks after inking a supply deal with online gaming platform provider, Game Interaction Group Limited, and lottery innovator, Helio Gaming, has now signed a similar agreement for Nigeria with Hammer Lottery. Contract for bespoke titles: According to an official press release published by boutique gaming event organizer European Gaming Media and Events, […]
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Paradise advances on Incheon development

LeoVentures invests in esports betting

11:51 AM 0
Casino City Times
LeoVentures invests in esports betting
The LeoVegas Group, through its wholly owned investment company LeoVentures Ltd, has acquired 51% of the shares in Pixel Holding Group Ltd, which runs the esports betting operator Pixel.bet.
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Paradise City Casino Resort Unveils New Entertainment Facilities Next Week

5:57 AM 0
Casino News Daily
Paradise City Casino Resort Unveils New Entertainment Facilities Next Week

South Korea’s Paradise City integrated resort is set to unveil its second phase of development on September 21, owner Paradise Segasammy Co. said earlier today. The property is located in the city of Incheon, known to be one of the country’s main transportation hubs.

Its second phase, the opening of which will be celebrated next week, includes a new boutique hotel, a spa and wellness center, a retail arcade, and a number of new entertainment facilities that will complement the 330,000-square-meter integrated resort.

Paradise City was originally launched in April 2017. The property featured a hotel, South Korea’s largest foreigner-only casino, and a convention center. Located at a 15-minute walking distance from the Incheon International Airport, the resort drew 1.2 million visitors during its first year of operation. With the launch of its second phase, the property believes it will be able to attract nearly 5 million visitors a year and to generate sales of KRW500 billion a year by 2019.

The plan for the construction of the Paradise City integrated resort was originally introduced in 2011. Back then, local hospitality company Paradise Group announced that it has partnered Japanese gaming machine manufacturer Sega Sammy Holdings to jointly build a KRW1.5 trillion property that would feature casino gambling, hotels, food and beverage and multiple entertainment facilities.

Focus on Entertainment

Paradise City owners said at a press conference held earlier today that the new phase of the resort will focus on the provision of quality entertainment services. Among other things, the new additions to the property’s existing offering will feature a differentiated structure and will contain references to the booming Korean pop culture and other popular movements in a bid to attract customers from Paradise City’s both domestic market and international markets.

Similarly to most of its South Korean rivals, Paradise City has suffered a heavy blow from the chilling Sino-Korean relations over South Korea’s deployment THAAD missile system which China has billed a threat to its security.

Following last year’s deployment of the system, the number of Chinese tourists to Korea dropped significantly last year. As a result, the country recorded a third consecutive year of a drop in the number of visits to its foreigner-only casinos. The properties drew 2.22 million international visitors last year, down 6.2% year-on-year.

Last spring, Mainland China prohibited the sale of package tours to Korea, but partially lifted that ban later in 2017. According to official data, a total of 410,337 Chinese tourists visited South Korea in July, which reflected a 45.9% increase from the same month in 2017. However, the reported figure still falls short of the 917,519 Chinese tourists who visited the country in July 2016, ahead of the political row.

Paradise City officials said today that they do not expect that the number of Chinese visitors to grow quickly in the next few years and this is why the property will look to draw visitors from other countries and to ramp up its marketing efforts in a bid to attract more VIP customers.

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The post Paradise City Casino Resort Unveils New Entertainment Facilities Next Week appeared first on Casino News Daily.

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Wednesday, September 12, 2018

Mr Green and Company AB subsidiary fined in the Netherlands

11:51 PM 0
World Casino News
Mr Green and Company AB subsidiary fined in the Netherlands

Less than a month after applying for an iGaming license for its home nation of Sweden and online casino operator Mr Green and Company AB has announced that one of its subsidiaries has been fined by the gaming authority in the Netherlands. Penalized for ‘IP blocking’ breach: According to an official Wednesday press release, the […]
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Las Vegas Convention Center will be expanded

Federal government approves Arizona tribe’s land-into-trust application

12:33 PM 0
World Casino News
Federal government approves Arizona tribe’s land-into-trust application

In Arizona, the federally-recognized Tohono O’odham Nation has reportedly received official approval to take 81 acres of land next door to its coming Desert Diamond West Valley Casino into trust. Expanded reservation: According to a Tuesday report from Indianz.com citing an official notice published in the Federal Register, the decision means that the tribe will […]
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Manju Gera Takes Down WSOP Circuit Thunder Valley $400 H.O.R.S.E. for First Gold Ring

5:36 AM 0
Casino News Daily
Manju Gera Takes Down WSOP Circuit Thunder Valley $400 H.O.R.S.E. for First Gold Ring

Manju Gera has become the newest winner of a WSOP Circuit gold ring. Earlier this week, the player bested the field of the $400 H.O.R.S.E. tournament at Thunder Valley Casino Resort for her first cash from the series and the coveted gold piece. Gera collected $8,303 to accompany her triumph.

While she had never cashed in a WSOP Circuit event before her win at Thunder Valley, it should be noted that Gera is quite an experienced poker player. Mixed games appear to be her specialty and she showed much of her expertize during the $400 H.O.R.S.E. tournament.

Gera played against a number of poker notables, including Howard Andrew and Vince Burgio, David Diiorio, who is something of a poker celebrity in the region, as well as defending champion Steve Lustig who won the H.O.R.S.E. ring at the exact same host venue last winter and was looking to pair the piece.

Gera might have not played in the WSOP Circuit series as frequently as some of her rivals in the Thunder Valley tournament, but she has certainly accumulated a lot of experience over the years by playing and cashing in mixed-games tournaments. She has been playing mostly at California and Nevada casinos.

Gera’s Run in the $400 H.O.R.S.E.

The $400 buy-in tournament drew 74 entries and, as mentioned earlier, there were quite some notables among those who ventured into H.O.R.S.E. action at Thunder Valley Casino. The tournament was played over a single day. Its $24,420 prize pool was split among the top eight finishers, min-cashes starting from $976.

Gera had a terrific run at the host venue and she herself admitted that cards were oftentimes coming her way. In her post-victory interview the player said that she did not really know much about her rivals at the tables. The brand-new WSOP Circuit champ further dwelt that her opponents might have thought that, playing against a middle-aged woman, they could bluff a lot. However, Gera manged to pick up a lot of those bluffs and that, combined with nice cards running her way, helped her take down the tournament and claim the gold ring.

Gera went into the unofficial nine-handed final table as the chip leader with 240,000. She maintained her momentum all the way down to her two-handed duel against Steve Lustig. Lustig was looking to win his second gold ring from the series, after collecting his first one early this year at the same host venue and in the same event. It was not meant for him to score a back-to-back win, though, and the player had to content with the consolation prize of $5,137 for his runner-up finish.

Here it is interesting to note that poker apparently runs in Gera’s family. The player is the mother of poker pro Nikhil Gera, who has previously won two WSOP Circuit gold rings.

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The post Manju Gera Takes Down WSOP Circuit Thunder Valley $400 H.O.R.S.E. for First Gold Ring appeared first on Casino News Daily.

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Tuesday, September 11, 2018

Here Come the Mummies at Blue Chip

11:54 PM 0
Casino City Times
Here Come the Mummies at Blue Chip
The eight-piece funk-rock band will perform at the Indiana casino on 5 October in the Stardust Event Center.
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Mohegan Gaming will provide Canadian casinos

Las Vegas Convention Center expansion set to begin

12:21 PM 0
Casino City Times
Las Vegas Convention Center expansion set to begin
The Las Vegas Convention and Visitors Authority Board of Directors took the final step needed to begin construction on the Las Vegas Convention Center District's Phase Two expansion by approving the guaranteed maximum price agreement.
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SportCaller appoints first Chairman

6:12 AM 0
Casino City Times
SportCaller appoints first Chairman
Andy Clerkson founded content, design and technology agency Grand Parade in 2007 before selling to William Hill in 2016. Throughout 2018 he has been in New Jersey, helping William Hill expand into newly-regulated states in the U.S.
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Monday, September 10, 2018

Kentucky lawmakers likely to pass sportsbetting legislation in 2019

11:51 PM 0
World Casino News
Kentucky lawmakers likely to pass sportsbetting legislation in 2019

The majority leader of the Kentucky State Senate has reportedly declared that he believes legislators are likely to approve a measure early next year that will allow some land-based venues in the southern state to offer sportsbetting. According to a Saturday report from The Blood-Horse horse racing magazine, the revelation came from Damon Thayer (pictured) […]
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GLI renews contract with Puerto Rico Tourism Company

6:06 PM 0
Casino City Times
GLI renews contract with Puerto Rico Tourism Company
Under the renewed agreement, GLI will continue to provide the PRTC with a dedicated team of experts for on-site inspections of gaming devices and systems.
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Widus International to open new hotel in the Philippines

Melco to Delist from Philippine Stock Exchange due to Failure to Raise Funds for Casino Expansion

6:00 AM 0
Casino News Daily
Melco to Delist from Philippine Stock Exchange due to Failure to Raise Funds for Casino Expansion

Melco (Philippines) Investments Limited, operator of City of Dreams Manila, today revealed plans to delist from the Philippine Stock Exchange, citing the inability to raise funds for planned expansion of the Manila-based integrated resort as the main reason for its decision.

The company is a wholly-owned subsidiary of Hong Kong-based gaming and hospitality giant Melco Resorts & Entertainment, which is in turn owned by international conglomerate Melco International Development. In a filing to the Hong Kong Stock Exchange from today, Melco said that its delisting from the Philippines would involve a voluntary tender offer for more than 1.5 billion outstanding common shares of Melco Resort & Entertainment (Philippines) Corp.

The company further explained that it had originally decided to list on the Philippine Stock Exchange to raise funds for expansion of its Philippine operation and other business plans. However, it failed to raise the expected funds which spurred the decision to delist.

Today’s filing further read that the move would allow Melco and its subsidiary Melco (Philippines) Investments to “better support” the City of Dreams Manila property in its future business plans.

The planned voluntary tender offer accounts for around 27.23% of the issued outstanding common shares of Melco Resorts Philippines. The shares will be offered at a prize of PHP7.25 per share. The company’s Board of Directors has given the green light to the delisting, it was also announced in today’s filing to the Hong Kong Stock Exchange.

A petition for a voluntary delisting is expected to be submitted on or about September 17.

Potential for Growth in the Philippines

As mentioned above, Melco, through its local subsidiaries, operates the City of Dreams Manila integrated resort in the Philippines. The property opened doors late in 2014. In its half-year report, Melco said that the Philippine market “has continued to deliver healthy and stable growth along with robust financial performance”.

The company went on to say that it expected the growth trend to continue due to the “fast-growing trajectory of Southeast Asian tourism” and the “continued upgrades in the Philippine transportation infrastructure”, among other things. Melco anticipates these to boost overnight visits from ASEAN countries to its Manila casino resort.

Aside from its domestic market – Macau – and the Philippines, Melco also plans to expand across new markets. In Asia, it is eyeing one of the three gaming licenses the Japanese government is planning to issue as part of its casino gambling legalization effort.

Melco is also venturing into Europe. In an industry-first, the gaming and hospitality giant is building a €550-million integrated resort in the Republic of Cyprus, the first property of this kind and scale not just on the tiny Mediterranean island, but also in Europe as a whole. The property is currently under development in the city of Limassol and is slated to open doors in 2021. Melco launched a temporary casino earlier this summer to serve customers, while the main resort is being built.

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The post Melco to Delist from Philippine Stock Exchange due to Failure to Raise Funds for Casino Expansion appeared first on Casino News Daily.

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