Wednesday, April 18, 2018

UK Lottery Sector Sees Significant Diversification, Says UKGC Executive Director

Casino News Daily
UK Lottery Sector Sees Significant Diversification, Says UKGC Executive Director

Today, the Lotteries Council gave the start to its two-day Annual Conference and Networking Event, with various exhibitors taking part.

The UK Gambling Commission (UKGC) also became part of the Conference and its Executive Director Tim Miller gave a speech, addressing the event’s participants and praising the work done by the Lotteries Council.

Mr. Miller used the opportunity to highlight the relationship between lotteries and good causes, revealing that the demand for services provided by charity organizations and good causes has significantly risen over the last few years. The Executive Director of the Commission further reminded that lottery has been an essential source of income for various good causes which local communities take advantage of.

In his speech over one of the first speaker sessions at the Conference, Mr. Miller explained that lotteries and returns to good causes optimization has been one of the five key objectives included in the three-year Strategy which the UKGC published in November 2017. He further shared that the major gambling regulator in the UK remains focused on making sure that lotteries would be able to contribute to society through good causes donations.

Miller Brings More Light on UK Lottery Sector

According to Mr. Miller, optimizing returns to good causes from UK lotteries is a good starting point when it comes to the Commission’s intentions to ensuring a safe and transparent lottery sector. He confirmed that the gambling regulatory body intends to continue making efforts to provide lotteries with the chance to generate as much as possible for good causes.

The UKGC Executive Director also brought more light to the steps that the Commission plans to take in the future in order to optimize returns to good causes in society lotteries. In addition, he reminded that the main principle for running lotteries under the Gambling Act is that UK lotteries are aimed at raising money for good causes, rather than for any commercial gain. According to Mr. Miller, the fact that the proceeds gathered by local lotteries are redirected to various good causes aimed at helping communities is among the main motives for people to continue playing lotteries.

For the time being, approximately 500 society lotteries and 40 External Lottery Managers are licensed by the UK Gambling Commission. As revealed by Mr. Miller, there has been a significant increase in the number of local authorities that promote lotteries in order to raise funds for a certain cause. Currently, a total of 30 local authorities have been granted with a UKGC license, with another 10 applying for one. In any case, the Executive Director of the UK gambling regulator confirmed that growth has been marked in the lottery sector of the UK.

Mr. Miller also emphasized on the fact that these days the country’s lottery sector has been diverse, especially considering the fact that customers are provided with the chance to take part in lotteries through various online applications, as well as through more traditional methods. He shared that the marketing in the sector has become more sophisticated, with special attention paid on the TV, social media and other online advertising methods.

The post UK Lottery Sector Sees Significant Diversification, Says UKGC Executive Director appeared first on Casino News Daily.

Hard Rock Atlantic City Casino sets June 28 opening date

RSS
Hard Rock Atlantic City Casino sets June 28 opening date

Jim Allen, the global entertainment and hospitality company's CEO, made the announcement Wednesday at Hard Rock's Times Square restaurant. The former Trump Taj Mahal casino is being rebranded as a Hard Rock property. Guests will drive past a massive electric guitar at its entrance, and will even be given their own electric guitars to play in their hotel rooms.

Aristocrat Awarded Miccosukee Resort & Casino’s Systems Business

RSS
Aristocrat Awarded Miccosukee Resort & Casino’s Systems Business

The Miccosukee Tribe of Indians of Florida, which owns and operates the 1,700-slot Miccosukee Resort & Casino in Miami, Florida, has selected Aristocrat as its casino management systems partner.

Steve Wynn settles long-running legal battle with former wife

World Casino News
Steve Wynn settles long-running legal battle with former wife

In Nevada, yesterday reportedly saw the former Chief Executive Officer for American casino operator Wynn Resorts Limited, Steve Wynn, settle his almost six-year legal battle with former wife Elaine Wynn (pictured) over claims he had breached their shareholders agreement. According to a Monday report from the Las Vegas Review-Journal newspaper, 75-year-old Elaine Wynn had helped […]

Tuesday, April 17, 2018

PokerGO releases Documentary Series �Stories from the Felt' featuring Bobby's Room

BankrollMob News - Poker / Casino / Betting
PokerGO releases Documentary Series �Stories from the Felt' featuring Bobby's Room
Poker Central continues to think of new ways on how to spread the influence and excitement in poker gaming, and now they are proud to present to the poker community their short documentary series entitled "Stories from the Felt" and the episodes are available at PokerGO. According to Poker Central's press release, Stories from the Felt is a series of "unbelievable poker stories straight right the source with exclusive interviews with the game's biggest personalities, including Bill Perkins, N[...]

NJ Online Gambling Sites Score Big In March With Record $25 Million In Revenue

NJ Online Gambling Sites Score Big In March With Record $25 Million In Revenue
nj online gambling revenue march

New Jersey online casinos show no signs of slowing down as March revenue passes the $25 million mark for the first time, making NJ online gambling a win for Atlantic City casinos and the state.

The post NJ Online Gambling Sites Score Big In March With Record $25 Million In Revenue appeared first on .

Galaxy Scraps Boracay Casino Plan, Seeks Alternative Site

Casino News Daily
Galaxy Scraps Boracay Casino Plan, Seeks Alternative Site

Macau casino operator Galaxy Entertainment Group has scrapped plans to build a $500-million gaming resort on Boracay and will seek an alternative site for a project of similar scale, an official from the Philippine Department of Tourism told media today.

It became known earlier this year that Galaxy has partnered Philippine gaming group Leisure and Resorts World Corporation to seek approval for an integrated resort with a casino floor in the popular tourism destination. The two companies were granted a provisional license from the Philippine Amusement and Gaming Corporation, PAGCOR, last month and secured a 23-hectare site on Boracay for their resort.

News about Galaxy’s plan to enter the Philippine gaming and hospitality industry emerged at the time when Boracay was making the headlines for another reason. Following an environmental review, the findings of which were made public in February, Philippine President Rodrigo Duterte called the popular tourist hub a “cesspool” and undertook steps to close it for an environmental cleanup.

An order for the island’s closure was issued in April. Boracay is now set to be closed for a period of six months starting April 26.

During a Tuesday press conference on Boracay, Tourism Assistant Secretary Frederick Alegre said that Galaxy has informed the Department of Tourism that it would no longer pursue plans for a large-scale resort on the island and will look for another site across the Philippines to develop a similar property.

The Department of Tourism official also explained that the company and its local partner will have to repeat the whole accreditation process and to obtain a new provisional license from PAGCOR.

The announcement about Galaxy backing off from its previous plan comes a week after a spokesman for President Duterte said that the country’s top official would not permit the construction of a casino on the island.

Upcoming Cleanup

A recently conducted environmental review of the island discovered that a number of structures had been built without the necessary permissions. In addition, nearly 200 businesses were found to have been discharging waste water into the sea without the proper treatment, thus polluting the water and risking the health of swimmers.

The upcoming closure of Boracay is expected to pave the way for tearing down illegal buildings, building a waste-to-energy plant, and constructing a bypass to mitigate traffic. No budget for the environmental cleanup has been announced yet and crucial details about how it will be carried out are yet to be revealed.

Experts and environmental officials have pointed out that six months may not be enough of a rehabilitation period and that the planned cleanup may go beyond that period. However, they have agreed that the overhaul is necessary as the island has been struggling with the strain of over two million tourists each year.

The post Galaxy Scraps Boracay Casino Plan, Seeks Alternative Site appeared first on Casino News Daily.

Eldorado Resorts to purchase Elgin’s Grand Victoria Casino for $327.5m

World Casino News
Eldorado Resorts to purchase Elgin’s Grand Victoria Casino for $327.5m

After completing its acquisition of Isle of Capri Casinos, Inc. around this time last year, Eldorado Resorts Inc. (Nasdaq: ERI) has reportedly entered into a definitive agreement to purchase the Grand Victoria Casino Elgin for $327.5 million. The Reno, Nevada-based gaming company is reportedly also interested in the future development of land situated near the […]

Monday, April 16, 2018

Meet Slotegrator's Online Payment Solution: Moneygrator

Latest Casino Bonuses
Meet Slotegrator's Online Payment Solution: Moneygrator
Meet Slotegrator's Online Payment Solution: Moneygrator

Provider of online gaming platforms and casino software, Slotegrator, has introduced its latest development in payment solutions, named Moneygrator. As an expert in current gambling business trends, the company has expanded its portfolio with a multicurrency system for online betting, supported by fast processing times and widely used payment services, Skrill, Neteller, BitGo, RoyalPay and more. Over 15 cryptocurrencies are also part of the product, including Bitcoin, Ethereum, Ripple, Monero and others.

According to Moneygrator’s description, operators will no longer need to utilize multiple payment systems at once, as most of them are combined and available within the product itself. By saving time and avoiding legal issues, casinos will be able to solve numerous tasks and contracts directly. Moreover, additional back-office will keep track of the money flow, primarily transactions, and also generate reports on single payments. Safety has been improved and integrated anti-fraud systems can instantly detect suspicious payouts, both deposits and withdrawals.

Slotegrator has introduced its latest in-house product after a series of partnerships with leading casino providers such as Evolution Gaming and ZeusPlay. The company specializes in advanced technologies in the field of online gaming, and payment solutions will allow the group to build stronger gambling projects and communities. Thanks to the benefits of Moneygrator, operators are entitled to connect each payment independently, simultaneously saving both money and time.

Slotegrator was founded in 2012 and thanks to its groundbreaking products, content agreements, and turn-key solutions, the group has built quite a name in the gambling sector. They partnered with multi-software aggregators like Amatic, Microgaming, Tom Horn, Endorphina and other, providing an incredible array of popular slots, card games, poker, roulette and live dealer games. Favorite video slots on their platform are Avalon II, Thunderstruck II, Immortal Romance, Kitty Twins and Greedy Goblins.

Aquis Entertainment Gets One Month to Present Final Canberra Casino Redevelopment Proposal

Casino News Daily
Aquis Entertainment Gets One Month to Present Final Canberra Casino Redevelopment Proposal

The Australian Capital Territory (ACT) Government has provided the Canberra Casino with a month to respond to its proposal to add more poker machines to its offering. The owner of Aquis Entertainment Group – the Hong Kong businessman Tony Fung – has until May 14th 2018 to submit a final proposal for a Canberra Casino redevelopment, which has been estimated to approximately A$330 million.

Reportedly, Aquis Entertainment Group has been given some more time to consider and potentially deliver a revised proposal after its previous bid was turned down. The original bid of the company, which was made in 2015, sought a permission to operate 500 pokies on local premises. For the time being, the existing legislation suspends Canberra Casino from offering poker machines.

Almost two years ago, in May 2016, the Australian Capital Territory Government rolled-out an in-principal agreement, under which Aquis was permitted to run 200 pokies as well as 60 electronic table games which were subjected to strict regulatory rules. After getting greenlighted by the authorities, Aquis preferred to keep a low profile for some time, which only fuelled speculations that redevelopment is now on the agenda. A spokesperson of the company denied these rumours over the weekend in an interview for a local media.

Aquis Entertainment Group’s spokesperson explained that the ACT Government must have realistic expectations in terms of both speed and details at which information information could be processed and provided, especially taking into account the amount of the proposed investment and the significant restrictions in terms of gambling advertising which have currently been seen in the local market.

Aquis Entertainment Could Consider Further Expansion

Currently, the ACT Government has been focused on making reductions in the number of legal poker machines in the capital from 5,000 to a total of 4,000. In case that Aquis wants to install 200 as per the in-principal agreement, the company would be required to purchase 300 poker machine operating licenses, only to lose 100 of them. A limit of AU$2 is to be imposed as the maximum bet allowed at the machines.

According the Gaming Minister, the company had second thoughts as it believed that the amended ACT’s gambling laws in terms of pokies provision in casinos were too strict. Acquis revealed that the legislative changes which were passed towards the end of 2017 required further consideration of the impact of the regulatory restrictions imposed on gambling operators in the country.

As mentioned above, the Australian casino operator worked in collaboration with the Australian Capital Territory on a plan for the Canberra Casino’s redevelopment and expansion in 2016. The investment was estimated to A$307 million, with the gambling venue being turned into an integrated casino resort aimed to expand the gambling and entertainment options provision in the region. The project consisted of the gambling facility, as well as bars, luxury dining areas and a shopping mall.

The post Aquis Entertainment Gets One Month to Present Final Canberra Casino Redevelopment Proposal appeared first on Casino News Daily.

Resorts AC To Kick Off Epic 40th Anniversary Celebration Memorial Day Weekend

Resorts AC To Kick Off Epic 40th Anniversary Celebration Memorial Day Weekend
resorts ac

Resorts Atlantic City is planning a weekend-long celebration of its 40th anniversary as the original New Jersey casino. But the party at Resorts AC continues all summer long with promotions and deals.

The post Resorts AC To Kick Off Epic 40th Anniversary Celebration Memorial Day Weekend appeared first on .

Eldorado Resorts Announces Duo of Casino Acquisition Deals, Buys Tropicana from Carl Icahn

Casino News Daily
Eldorado Resorts Announces Duo of Casino Acquisition Deals, Buys Tropicana from Carl Icahn

Nevada-based gaming company Eldorado Resorts announced today a duo of acquisition deals that would expand its footprint across several new markets and would enlarge its portfolio of hotel and casino properties.

The operator said that it has entered into an agreement to buy Grand Victoria Casino in Elgin, Illinois from its current owners. The gaming property is 50% owned by Las Vegas giant MGM Resorts International. Hyatt subsidiary RBG, LLP also holds a 50% stake in the casino.

Eldorado Resorts will pay $327.5 million in cash. The company will use money from previous asset sales as well as from ongoing operations and borrowings under a revolving credit facility. The acquisition deal is expected to be closed in the fourth quarter of the year. Eldorado Resorts will first need to secure regulatory approval and complete other closing conditions.

Grand Victoria Casino is located in Elgin, not far from Chicago along the Fox River. The casino property has 1,088 slot machines, 30 table games, and a poker room with 12 tables. It also features several dining facilities, meeting, banquet and event facilities, and a garage.

In a separate press release, the Reno, Nevada-based gaming and hospitality company announced that it would buy Tropicana Entertainment Inc., the owner of properties in six states and the Dutch Caribbean island of Aruba. The gaming and hospitality company is currently owned by New York hedge fund manager Carl Icahn. Eldorado Resorts is set to assume control over seven of Tropicana’s eight properties.

The deal was valued at $1.85 billion. Under a definitive agreement, Gaming and Leisure Properties, which spun off from Penn National Gaming back in 2013 as the company’s real estate investment trust, will pay the amount of $1.21 billion for seven of Tropicana’s properties and will then enter into a master lease agreement with Eldorado Resorts to operate said properties. Eldorado Resorts will cover the remaining $640 million of cash consideration payable in the deal.

The master lease will have an initial term of 15 years and offer an opportunity for a 20-year renewal. Tropicana plans to dispose of its Aruba property – Tropicana Aruba Resort and Casino – before the closure of the deal. The acquisition is expected to be completed by the end of the year.

The seven Tropicana hotel and casino properties to be acquired include Tropicana Casino and Resort in Atlantic City, Lumière Place in Missouri, and Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa in Nevada. These will add approximately 7,900 slot machines, 265 table games, 5,400 hotel rooms, and a number of food and beverage, retail, and entertainment facilities to Eldorado Resorts’ existing portfolio.

Consolidation Wave in the States

The two major acquisition deals come at the time of a larger consolidation wave within the US land-based casino industry. A number of major US-based gaming companies have undertaken merger and acquisition moves in recent years as they have been looking to expand their footprint across the nation, diversify their businesses beyond gambling, and capitalize on the legalization of gaming in several states.

Late last year, Penn National Gaming announced that it would buy fellow operator Pinnacle Entertainment for $2.8 billion. Las Vegas giant Caesars Entertainment Corp., too, boarded the consolidation train, announcing the $1.7 billion acquisition of Centaur Holdings in late 2017. The company’s main operating unit emerged from bankruptcy last fall.

The post Eldorado Resorts Announces Duo of Casino Acquisition Deals, Buys Tropicana from Carl Icahn appeared first on Casino News Daily.

Sunday, April 15, 2018

Partypoker launches new partypoker LIVE $$$

World Casino News
Partypoker launches new partypoker LIVE $$$

With the launch of partypoker LIVE $$$, top online poker room partypoker now offers their players more value when it comes to satellite options for major events. Players can use partypoker LIVE $$$ to gain entry into LIVE events as well as side events taking place during major live poker festivals. Partypoker LIVE $$$, PPL$$$, […]

Caesars to Manage Two Non-Gambling Resorts in Dubai

Casino News Daily
Caesars to Manage Two Non-Gambling Resorts in Dubai

Caesars Entertainment Corp. announced today plans to operate two hotels and a beach club in Dubai. The properties will be located on the artificial Bluewaters Island, off the Jumeirah Beach Residence coast line, and are slated to open doors in the fourth quarter of the year.

The two resorts will not feature casinos as gambling is banned across the United Arab Emirates. They will be Caesars’ first-ever non-gaming properties.

The Las Vegas gaming and hospitality giant said in a statement from earlier today that it has partnered local real estate, tourism, and hospitality company Meraas Holding to work with in Dubai.

As mentioned above, Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai are expected to launch later this year. The former, named after Caesars’ flagship property Caesars Palace in Las Vegas, will feature 178 luxury hotel rooms, two outdoor and one indoor swimming pools, a spa and a health center, an event center, a business center, and six restaurants. The property will also include facilities for meeting and conference activity.

Caesars Bluewaters Dubai will have 301 hotel rooms for guests, two swimming pools, both of which located outdoors, three meeting rooms, a 9,000-square-foot event hall, and food and beverage facilities. Both hotels will provide their guests with access to a nearly 5,000-square-foot private beach.

The two new resorts come as a manifestation of Dubai’s strategy to diversify its economy and improve the experience the city offers to both residents and visitors under the Dubai Plan 2021.

Planned Expansion

Announcing its Dubai hotel resorts, Caesars embarks on a planned expansion of its global footprint which it first revealed last spring. The company’s main operating unit recently emerged from bankruptcy and is now looking for opportunities to extend its presence across the globe.

Dubai is the first new destination Caesars is entering as part of its growth strategy and the first one where the major operator will operate non-gaming facilities. Bob Morse, President of Hospitality for Caesars, told media that the Gulf region is gradually becoming an attractive investment destination with the efforts made by local rulers to reduce states’ dependence on oil and diversify their economies.

Commenting on the fact that the two Dubai hotels would not feature casinos, Mr. Morse said that while gambling is prohibited in the region, it has a large expatriate population and part of their Gulf customers would certainly feel attracted to Caesars’ casino gaming resorts across the United States.

The official further pointed out that the Las Vegas gaming and hospitality giant has set sights on other parts of the world and would expand its non-gaming business even more in the coming years. Mr. Morse revealed that they are actively pursuing expansion opportunities across Asia, the Middle East, Europe, and the United States.

The post Caesars to Manage Two Non-Gambling Resorts in Dubai appeared first on Casino News Daily.

China Moves to Expand Gambling on Hainan

Casino News Daily
China Moves to Expand Gambling on Hainan

China announced plans to expand gambling in Hainan in a bid to help its ailing southernmost province. The planned expansion will include the development of horse racing and of an instant and sports lottery. According to experts, the move could eventually lead to China opening the door to casino-style gambling in the island.

Gambling is generally banned in China with very few exceptions. Just two types of lotteries are allowed within the country’s borders under current laws. Horse racing is allowed to a limited extent, while the provision of sports betting services is strictly prohibited.

Macau is currently the only place in China where casino gambling is legal. The special administrative region has kept its casino monopoly for decades and has drawn some of the world’s largest casino companies, including Las Vegas Sands and MGM Resorts International. It is believed that if the Chinese government softens its stance on gambling and allows casinos in other parts of the country, including Hainan, Macau could suffer its hardest economic blow since its gaming industry was established.

According to a reform approved by China’s cabinet on Saturday, it will support different projects that could help Hainan’s tourism industry and economy, including the development of horse racing. The document further read that the province should explore lottery products such as instant lottery and sports lottery on major international games.

Bloomberg reported in February that the Chinese government was considering the legalization of several forms of gambling in Hainan. Citing sources familiar with the discussions, the news outlet said that online gambling, horse racing, and lottery were among the options mulled by the President Xi Jinping-led cabinet. Online gambling was not mentioned in the reform agenda published on Saturday.

Rescue Plan

China’s support for expanded gaming on the island comes at a time when it desperately needs a heavy economic boost. Hainan has long been a popular tourist destination, annually drawing millions of tourists with its sandy beaches and resorts.

However, it is currently suffering a serious fiscal deficit as its largest conglomerate HNA Group Co. is embroiled in a debt crisis after a risky global expansion.

Aside from expanded gaming, the President Xi-promoted reform package includes different other initiatives aimed to draw interest from investors and help the island recover. Hainan will thus look to boost its tourism industry by increasing the number of international flights to the island and developing beach and water sports.

During a visit to the southernmost province, President Xi revealed that the reform agenda would include setting up a Hainan free trade zone by 2020, a ban on the sales of fossil-fuel vehicles, and development of artificial intelligence and virtual reality. These and many more were indeed included in the reform plan, published Saturday.

The post China Moves to Expand Gambling on Hainan appeared first on Casino News Daily.

Concerns About Heading to the Moon? Ask the Slotsmoon Rep

Latest Casino Bonuses
Concerns About Heading to the Moon? Ask the Slotsmoon Rep
Concerns About Heading to the Moon? Ask the Slotsmoon Rep

Slotsmoon is newer on your radar, having debuted in 2017. If you haven’t checked it out just yet, you can read our full review for more details or keep reading right here… One thing is for sure; players will be over the moon with the level of slot offerings available here (see what I did there?).

The casino is equipped with a mega variety of reel games, powered by a multi-software platform that includes classics along with loads of today’s favorites from suppliers like NextGen, Play’n GO and Microgaming. Whether you prefer classic or modern, there’s plenty of flash-based titles to choose from. While these are certainly the main attraction, they’re not all that makes up this casino’s library. It’s rounded out with table game and video poker variants, in addition to themed scratch cards.

What does every online casino need? A loyalty program. Members can collect points each time they place real money wagers, which can be converted to real cash. Among the benefits to enjoy include free play opportunities, birthday bonuses, cashback and more.

Licensed by the UK Gambling Commission, the site makes player privacy and fairness a primary concern, having acquired an exclusive certificate. In a further effort to keep players in good graces, a representative from the casino has also signed on to the LCB forum as direct casino support. Rep, Anders, said hello on Friday, the 13th, with a clever introduction: “Ever wondered how it would be to go to the moon? We have done our best in order to make a similar representation at our casino. We want you to experience a new online casino where we take you to the moon and back!”

“Our daily promotions once registered, our VIP features, support channels and all the things you need to have for one of your best time playing at a casino... and you are more then welcome to join,” he continued.

Ready to address any and all needs regarding your player experience, he can be contacted via the designated user profile page.

Saturday, April 14, 2018

Florida Legislators Negotiate Special Session in Last-Ditch Effort to Settle Gambling Issues

Casino News Daily
Florida Legislators Negotiate Special Session in Last-Ditch Effort to Settle Gambling Issues

There is still no agreement or recommendations for a special legislative session in Florida, incoming Senate President Bill Galvano told local media on Friday.

It has become known that state lawmakers are considering a special two-day session at the end of April to discuss and hopefully agree on a comprehensive gambling legislation after failing to complete the task during the regular session.

Legislators convened January 9 for a 60-day session. The two chambers of the state Legislature each tabled a gambling-oriented bill earlier this year but failed to reach an agreement on the future of Florida’s gambling industry before they adjourned on March 9.

News about ongoing negotiations over a special session emerged after House Speaker Richard Corcoran voiced concerns that the state budget could lose much-needed gaming revenue from the Seminole Tribe, which currently pays hundreds of millions to the state in exchange for exclusivity over blackjack.

A special session could be the Florida Legislature’s last chance to introduce changes to gambling laws without having to ask residents for their opinion on the matter. Florida residents will cast their vote at the November ballot on a constitutional amendment that, if approved, will limit significantly legislators’ power over gambling-related issues. Under the proposed amendment (Amendment 3) any reforms to the state’s existing gambling law should first be approved by a voters’ majority.

Sen. Galvano told local news outlet Florida Politics that there are ongoing discussions over a special legislative session but an agreement or recommendations for the move are yet to be made.

The Seminoles Not in Contact with Legislators

Local news outlet Tallahassee Democrat reports that the Seminole Tribe has not been in contact with Florida lawmakers since negotiations over a special session have begun.

The tribe was required to make monthly payments to the state under a 2010 compact in exchange for exclusivity over the provision of blackjack within Florida. That portion of the compact expired in the summer of 2015 and tribal officials threatened to stop making the payments, arguing that the state breached their agreement by allowing non-tribal facilities to offer designated player games.

The tribe continued making the monthly payments over the next two and a half years since July 2015, while discussing the terms of a new compact with the state. However, the two parties have failed to reach a new agreement so far.

Under a previous settlement over blackjack litigation, the tribe had to make monthly payments up until March 31, 2018. It was no longer obligated to share a portion of its revenue with the state after that date.

Barry Richard, attorney for the tribe, told local media that the Seminoles were in no hurry to “stop those payments” as they were dependent on the state’s economy. He went on to say that if the tribe is offered exclusivity over more table games or extension of the compact, it may agree to contribute additional revenue to the state.

The post Florida Legislators Negotiate Special Session in Last-Ditch Effort to Settle Gambling Issues appeared first on Casino News Daily.

New high limit area opens at Resorts World Catskills

World Casino News
New high limit area opens at Resorts World Catskills

After opening their brand new 5,000 square foot poker room in March, Resorts World Catskills has now announced the grand opening of a new high limit area. Located on the third floor of the facility, the latest addition includes 38 tables games with such options as Pai Gow Tiles, roulette, blackjack and baccarat. During the […]

Japan looks to deter fraudulent casino applications with hefty fines and jail time

World Casino News
Japan looks to deter fraudulent casino applications with hefty fines and jail time

Included in new legislation that will make its way to Japan‘s National Diet this month is a penalty of up to ¥500 million (US$4.7 million) that will reportedly be assessed to casino operators if it is discovered that they have acquired their business licenses via fraudulent means. The Japan Times reports that the Minato-based Kyodo […]

2018 partypoker LIVE MILLIONS Grand Final Barcelona €101K Buy-in NLHE SHR event won by Jake Schindler for €1,750,000

BankrollMob News - Poker / Casino / Betting
2018 partypoker LIVE MILLIONS Grand Final Barcelona €101K Buy-in NLHE SHR event won by Jake Schindler for €1,750,000
Jake Schindler dominated the 2018 partypoker LIVE MILLIONS Grand Final Barcelona €101,000 Buy-in Super High Roller event late Wednesday night at Casino Barcelona in Spain, after defeating a strong field of 48 entrants (which featured some of the best professional poker players in the world), bringing home the first prize money worth €1,750,000! The €1,750,000 prize was roughly worth US$2,170,000, which is actually his second biggest live cash earnings ever! His biggest live [...]

Friday, April 13, 2018

Chess Grandmaster Viswanathan Anand to Announce India’s PSL Season 2 Teams

Casino News Daily
Chess Grandmaster Viswanathan Anand to Announce India’s PSL Season 2 Teams

Legendary chess player Viswanathan Anand will be presiding the opening ceremony of the second edition of India’s Poker Sports League (PSL). On April 15, the famous Chess Grandmaster will announce the teams that will take part in Season 2 of the country’s very first poker league. Qualifiers for the tournament are currently running online and live while in the Grand Finale will be held in Goa next month.

As poker is quickly gaining popularity in India, several poker leagues have been established in the past couple of years, led by the Poker Sports League (PSL). Recently, it announced that Viswanathan Anand would be the PSL brand ambassador and will be promoting it via different media channels. Anand, who is a Chess Grandmaster and a former World Chess Champion, has compared the two games, saying that they are both games of skill. Admitting that he is intrigued by poker, the chess player is now stepping up to endorse it in India where it was illegal until 2015.

On Friday, the PSL said that Anand is to preside the opening ceremony for Season 2 of the increasingly popular poker league. He will unveil the twelve teams that will play during the Grand Finale events and will show the trophy that would be awarded to the top players in May. The opening ceremony will be held April 15 at the PlayBoy Club in Hotel Samrat in New Delhi.

The twelve teams of 10 players will compete against each other for a prize pool of INR3.6 crores, which is INR30.6 million or in US dollars – around $468,800. Each team consists of one mentor and captain, two pro players, two live qualifiers, three online qualifiers and two wild-card entrants. Tournament games will be in several formats, including Texas Hold’em and Omaha. One of the most important things is that the league is intended for Indian citizens, so there will be no foreign players qualifying for the tournament.

Improving Poker Image Drives India’s Growing Market

After a ruling in India’s Supreme Court last year, the government allowed states to allow playing online games of skill for money. While it all started with legalizing rummy, the liberalization of the laws in the country continued with allowing real money games for real money, as long as they are games of skill and not chance. In fact, poker operators and leagues, including the Poker Sports League, promote it as a sport, in which success is determined by skills and knowledge rather than luck. Apart from PSL, which was the first poker league to launch in India last year, there are several other events such as Match Indian Poker League and Global Poker League India. PokerStars has also entered the Indian market recently and its first tournament launches April 17.

Most of the poker tournaments in the country cater to Indian nationals and for instance, the PSL accepts only players from India. However, in order to improve its image even further, founders of the league have invited Viswanathan Anand as PSL brand ambassador. In addition, it will be introducing several non-Indian wildcard entrants. The first of them was announced late last month – Dylan Linde from the United States who has multiple awards, including a World Series of Poker Circuit gold ring. He has won $1.7 million in live tournaments, while his online winnings are close to $6 million.

With over 1.3 billion people, India is the second-most populous country (after China) and its newly created poker market has a huge potential for growth. PSL Season 1 reached to more than 4.5 million people on Facebook and the final was streamed to around a million poker fans across the country. The second edition will be streamed on Facebook and in addition, it will be telecast in June on the sports channel Dsport, which is part of the Discovery TV network.

The post Chess Grandmaster Viswanathan Anand to Announce India’s PSL Season 2 Teams appeared first on Casino News Daily.

Aristocrat Announces the Opening of First Lightning Link™ Lounge™ in Latin America

RSS
Aristocrat Announces the Opening of First Lightning Link™ Lounge™ in Latin America

Continuing the success of Lightning Link™ in Mexico, the company Aristocrat in conjunction with PlayCity announce the opening of the first Lightning Link™ Lounge™ in Latin America, located at PlayCity Casino Andares in the city of Guadalajara, Jalisco.

Scientific Games to Showcase Latest Innovation, Technology and Enhanced Digital Offering at NIGA 2018

RSS
Scientific Games to Showcase Latest Innovation, Technology and Enhanced Digital Offering at NIGA 2018

Scientific Games is set to bring a stellar line-up of industry- leading innovation, ground-breaking technology and a significant new digital offering to the Indian Gaming Tradeshow & Convention, hosted by the National Indian Gaming Association (NIGA) in Las Vegas April 17 – 20.