Sunday, May 27, 2018

Matthew Waxman Wins WPT Tournament of Champions

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Matthew Waxman Wins WPT Tournament of Champions

It started off with 80 former WPT Main Tour Main Event champions, but it was Matthew Waxman who outlasted that elite field to become this year’s WPT Tournament of Champions winner. The player claimed the title and the first-place prize of $463,375 after picking off a bluff from his heads-up opponent Matas Cimbolas.

Waxman and Cimbolas were two of the five players who returned for Day 3 of the prestigious tournament. Instead of playing that final day at Aria Resort & Casino, the remaining survivors switched venues and their final battle thus took place at the brand new Esports Arena Las Vegas at the Luxor.

Waxman entered the final day of action third in chips, while Cimbolas held the second largest stack at the time when cards were thrown in the air. The five finalists were led by Darren Elias, who won his record fourth WPT title just a few days ago.

The player maintained his momentum for a while, but then lost his chip lead to Waxman. Elias eventually busted in third place, thus missing the chance to win a back-to-back title and smash another record. He collected $177,060 in prize money.

Nick Schulman was actually the first player to leave the final table on Day 3. He was eliminated in fifth place namely by Elias. His share of the $1,365,000 prize pool totaled $89,290. David Benyamine went out in fourth, good for $123,045.

Heads-Up Action

Waxman was the player to set the two-handed match after he eliminated Elias in third place. The eventual champion entered heads-up as a chip leader with 2:1 advantage over Cimbolas. The first half of their duel saw chips swinging back and forth from one player to the other and vice versa.

Waxman then began to pull ahead of his final opponent until he took controlling advantage. On the final hand in play, the eventual champion check-called the three streets with [Qc][7d]. Cimbolas moved all in on the river with [10h][3s] on a [Kd][2h][Qs][4s][8h] board. Waxman quickly picked off his opponent’s bluff and called to claim the title and the largest share of the prize pool. Cimbolas exited the tournament in second place, good for $265,590.

As for Waxman’s first-place prize, it also includes a $15,000 seat into next season’s WPT Tournament of Champions, a luxurious Hublot watch, a JetSmarter membership worth $50,000, and the one and only WTP Tournament of Champions trophy.

Talking to WPT staff minutes after his triumph, Waxman said that it took him some time to decide whether he should play in the Tournament of Champions or not due to the high buy-in, the elite field, and the lack of much confidence in his game. It seems that he has made the right decision, though.

The event concluded Season XVI of the popular poker series. As mentioned above, it attracted 80 entries, including the winners from throughout the season and players who had won WPT titles during previous seasons. A prize pool of $1,365,000 was generated to be split among the top 10 finishers, min-cashes starting from $39,840.

The post Matthew Waxman Wins WPT Tournament of Champions appeared first on Casino News Daily.

US Justice Department Investigates Bitcoin Price Manipulation

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US Justice Department Investigates Bitcoin Price Manipulation
US Justice Department Investigates Bitcoin Price Manipulation

Bloomberg is reporting that the US Justice Department is preparing an in-depth criminal investigation concerning the big fluctuations of Bitcoin and Ethereum prices in the last 6 months. Bitcoin's story was one of ups and downs for a long time now and this prompted a full-on market manipulation probe. For this endeavor, the Justice Department will be assisted by numerous other agencies and helped by US Commodities Futures Trading Commission which has declared cryptocurrencies as such.

This investigation will concern such illegitimate practice and processes as spoofing, which influences the value of the currency and its price by placing false orders on exchanges that are then withdrawn. The increased volume of placing orders prompt people to buy and sell the currency in larger amounts. Another form of market and price manipulation is wash trading, which creates the illusion of increased market activity by having only certain members of the market trade the currency between themselves.

John Griffin, University of Texas finance warns against the risks in the market of digital currencies: “There’s very little monitoring of manipulative trading, spoofing and wash trading. It would be easy to spoof this market.”

Trading of cryptocurrencies is divided into a fragmented platform all across the globe, many of them unlicensed and unregistered. Due to the meteoric rise of Bitcoin in 2017 when it reached the value of almost $20,000 in December after starting out below $1,000 in January, thousands of people jumped on the investment bandwagon without being fully aware of what this entails in reality. Experts on the matter say that there are several key reasons why digital currencies are prone to fraud: huge price swings that makes valuations relative, a lack of regulations such as those that stocks have and skepticism regarding the idea that exchanges pursue cheaters.

Last week, Bitcoin fell below the $8,000 mark once again and the news of the investigation that broke out on Thursday further helped drop the cryptocurrency's value to below $7500. Its value has nosedived more than 20% since it peaked on May 4th. Despite that, cryptocurrencies still continue to be all the rage in some regions of the world and among the Bitcoin loyalists – but some countries like China and Japan have taken stern measures towards strict regulation or, in the case of China, a complete ban of cryptocurrency exchanges.

Source:

“U.S. Launches Criminal Probe into Bitcoin Price Manipulaton”, Matt Robinson and Tom Schoenberg, bloomberg.com, May 24, 2018.

$2 Million Pro Football Frenzy online customer engagement promotion -- ENGAGED NATION

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$2 Million Pro Football Frenzy online customer engagement promotion -- ENGAGED NATION

Engaged Nation recently announced its redesigned and enhanced $2 Million Pro Football Frenzy online sports program that leverages the entire professional football season to drive customer acquisition, engagement and bottom-line revenue.

Saturday, May 26, 2018

NetEnt Appoints Therese Hillman As New CEO

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NetEnt Appoints Therese Hillman As New CEO
NetEnt Appoints Therese Hillman As New CEO

Casino game developer giant, NetEnt, has announced on Tuesday that they've named Therese Hillman as the company's new CEO, effective immediately. The decision was announced by the Board of Directors after they've expressed satisfaction with Hilman's efforts and success as the company's acting CEO since former chief executive, Per Eriksson, was dismissed in March of this year. She served as the company's Chief Financial Officer since January 2017.

Prior to that, she was notable for working in the e-commerce industry for a decade and being a CEO of Gymgrossisten. Hilman, who has an M.Sc in Accounting and Finance from Stockholm School of Economics, was also a member of Unibet's Board.

NetEnt's Chairman of the Board, Fredrik Erbing, comments: ”We are pleased to appoint Therese Hillman as new Group CEO. Therese has a clear business focus and is an appreciated leader with great energy. NetEnt is pioneering the online gaming industry and is taking the next step to be at the forefront of business focus and innovation. With Therese’s abilities, we get the right person to lead the company in the next growth phase.”

Hillman was honored to be appointed as CEO of such a successful company and said: “It is with great enthusiasm, but also humility, that I am taking on the role as Group CEO of NetEnt. I look forward to drive the development of the industry together with our customers and employees and to deliver the best player experiences. This is how we can continue to create value for our customers, shareholders, players and employees.”

Source:

“Therese Hillman appointed new Group CEO of NetEnt”, netent.com, May 22, 2018.

William Hill US to operate sports book at Ocean Resort Casino

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William Hill US to operate sports book at Ocean Resort Casino

The largest sports book in Nevada, William Hill US will reportedly run the sports book at the Ocean Resort Casino slated to open at June’s end this year. The partnership between the London-based sports book and the resort casino at 500 Boardwalk was confirmed on Thursday by Jordan Deifik, principal of Ocean Resort Casino, who […]

Colombia set to inspire at Juegos Miami

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Colombia set to inspire at Juegos Miami

The Colombian market will take centre stage at this year’s Juegos Miami, the unique C-Level event for the Pan Latin American and Caribbean gaming industry (May 30 – June 1, Biltmore Hotel, Miami), 

Friday, May 25, 2018

South Africa’s Finest on the Forum

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South Africa’s Finest on the Forum
South Africa’s Finest on the Forum

Hey LCB’ers; we all know and love South Africa’s, Springbok Casino, and it may be a surprise to you to learn that it has just now joined our forum with direct casino support. Representative, James, signed on Thursday, May 24th, with a greeting that was both short and sweet: “It’s great to be here on LCB forum! Please feel free to write me here if you need Assistance. I will be happy to help!”

Already have a question or burning matter that needs to be addressed? Head straight for James’ designated user profile and click right on the ‘Message’option to get started.

Catering to South African residents, Springbok also places an emphasis on the nation’s unique wildlife, revolving select promos around the topic throughout the year. Its games are powered by RTG, and users signing up for the first time gain immediate access to a full range of slots, progressive jackpot games, table games, video poker and plenty of options formatted for mobile play.

Its platform is available in an instant play version, so gaming can begin right away. New registrants can look forward to an exclusive welcome offer. Sign up and snag R250 completely free, no strings attached! Newbies will receive goodies across the first three deposits. Use code, SPRINGBOK100 on the first to get a 100% match up to R1500. On the second and third deposits, use SPRINGBOK50, and get 50% up to R5000.

Head to the site’s ‘Promotions’ page for details on a variety of other deals, including cashback opportunities, access to slot tournaments and comp points. As soon as you’re a registered member, you are automatically enrolled in the casino’s comp point system. For each bet made on your favorite games, you’ll rack up your points balance. Each time R10 is wagered, 1 point is awarded. Every 100 points accumulated is equivalent to R1.

Welcome aboard!