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Saturday, June 30, 2018

June 30, 2018

MGM, Wynn tamp down Boston casino intrigue

Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...
June 30, 2018

‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember

‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember
hard rock atlantic city

Months of preparation and speculation ended with a bang as Hard Rock Atlantic City and Ocean Resort Casino put on a show for AC on opening day.

The post ‘What A Day!’: Hard Rock, Ocean Resort Give Atlantic City A Party To Remember appeared first on .

June 30, 2018

Chinese Police Nab Another Illegal Gambling Ring

Casino News Daily
Chinese Police Nab Another Illegal Gambling Ring

Chinese police busted an illegal online gambling ring in the city of Shenzhen, local news outlets report citing information provided by local authorities earlier today.

The Nanshan District police carried out on June 21 a raid that concluded with the arrest of seven individuals suspected to have conducted illegal sports betting services on the territory of China as the World Cup is in full swing in Russia.

Police seized computers and mobile phones believed to have been used by the illegal gambling ring to operate betting services. Local media reported that further probes will be carried out in relation to the latest detention of people suspected to be providing online betting services in a manner that breaches local regulations. It is believed that bettors serviced by the ring had managed to stake around CNY100 million (approximately $15.1 million) on World Cup matches.

This was not the first time raids were carried out in Shenzhen City in relation to the ongoing major sports event since it began on June 14 and even prior to that, as local police are stepping up efforts to prevent the illegal provision of gambling services across the nation.

Series of Raids

Earlier this month, a joint operation of Hong Kong and Mainland China police saw multiple raids taking place in a number of cities across China, including Shenzhen, to uncover illegal sports betting operations ahead of this year’s edition of the World Cup.

More than 20 locations were raided and 45 individuals aged between 24 and 62 were detained as they were suspected of offering illegal betting and gaming services. Police confiscated betting records for football and horse racing with a total value of HK$32 million (approximately $4.1 million).

To prevent illegal gambling operations from taking place during the World Cup, Hong Kong police and other law enforcement agencies announced earlier this year that bars and games centers across the city would be raided constantly during the major sports event and that there would be enhanced inspection across various control points. Most of the city’s anti-gambling operations kicked off about two months ahead of the World Cup in Russia.

Unlike other major markets across Asia, including Thailand and Malaysia, where online sports betting is illegal, Hong Kong has a framework regulating activities of this type. However, regulated betting entities in the special administrative region have long been complaining that their unlicensed rivals have been stealing customers creating a behemoth unsupervised market.

According to recent information provided by the Hong Kong Jockey Club, the amount of $68 billion could be staked illegally in the city during the World Cup. This is expected to cost Hong Kong more than $1.7 billion in betting revenue this year. The Jockey Club is among the entities to receive revenue contributions from licensed betting activities conducted on the city’s territory.

The post Chinese Police Nab Another Illegal Gambling Ring appeared first on Casino News Daily.

Friday, June 29, 2018

June 29, 2018

Gaming Innovation Group gets New Jersey approval

Casino News Today
Gaming Innovation Group gets New Jersey approval

GiG – Gaming Innovation Group gets New Jersey approval and is pleased to announce that it has been authorised by The State of New Jersey Division of Gaming Enforcement (DGE) to provide a real-money online casino platform solution to operators in the state. GiG has, as part of the standard licence application process by the DGE, received what is called ...

The post Gaming Innovation Group gets New Jersey approval appeared first on Casino News Today.

June 29, 2018

2018 WSOP: Scott Seiver Wins Second Bracelet in Event #48: $10,000 Limit Hold'em Championship

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Scott Seiver Wins Second Bracelet in Event #48: $10,000 Limit Hold'em Championship
Scott Seiver came back from being short-stacked at the bottom of the counts during five-handed action to make it to heads-up play against fellow American Matt Szymaszek. The match was short and swingy. Seiver started with a 2-1 lead and quickly had Szymaszek down to just a few bets. Szymaszek then managed to come back from a 10-1 deficit to overtake the chip lead. Seiver fought back well and pulled off a big bluff with jacks up, which left less than 30 big bets on the table. With limits so big[...]
June 29, 2018

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms

Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms
NJ online sports betting

After weeks of speculation, Hard Rock Chairman Jim Allen confirms during the opening day ceremonies that a Hard Rock Atlantic City sportsbook and NJ online sports betting are in the cards.

The post Hard Rock Atlantic City Will Have A Sportsbook And NJ Online Sports Betting, Top Exec Confirms appeared first on .

Thursday, June 28, 2018

June 28, 2018

Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

Casino News Daily
Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play

The Pennsylvania Gaming Control Board slapped on Wednesday a $52,500 fine on Valley Forge Casino Resort for giving out excessive amounts of free slot play to high-volume customers in the period between 2015 and 2016.

The fine was the result from an investigation conducted by the state gaming regulator’s Bureau of Investigations and Enforcement. Gaming Control Board investigators found that unauthorized employees at the casino awarded free slot play in the period between 2015 and 2016. It was also found that authorized employees awarded free slot play beyond their limits of authorization, thus violating state gaming regulations.

The unauthorized and excess free slot play eventually resulted in the casino awarding amounts higher than the level approved by regulators, as noted by the Gaming Control Board in a Wednesday notice.

The regulator’s probe into the matter found that in 2015 and 2016, unauthorized staff performed 557 complimentary slot play transactions, with those being worth over $4000,000. As many as 170 customers received the comps and 80% of the money were awarded to 20 high-volume players, the Gaming Control Board revealed.

The transactions accounted to less than 10% of the total amount of $5.2 million the casino awarded in free slots play during the period reviewed by state regulators.

The casino said Wednesday that it has agreed to pay the fine. Michel D. Fabius, the lawyer who represented the gambling venue before the Gaming Control Board said that he was confident the transactions were carried out to real customers and there was a real business reason behind those.

Previous Fines

This was not the first time the gaming resort was nabbed by Pennsylvania regulators. Back in 2013, the property received a $200,000 fine after being found that it had offered Dining Club memberships through a special promotion of little or no financial consideration. However, under state gaming regulations, patrons are required to spend at least $10 at a casino complex in order to be admitted to its gaming floor.

It was announced late last year that Las Vegas-based gaming and hospitality company Boyd Gaming would acquire Valley Forge Casino Resort for the total amount of $280.5 million. Located in the King of Prussia, about 20 miles west of Philadelphia, the casino complex became Boyd’s first property in Pennsylvania. The fact that the state is home to the nation’s second largest commercial gaming industry was among the factors that encouraged the company to seek expansion of its footprint there.

The Gaming Control Board gave the nod to the transaction in April. During the hearing before the gaming regulator, the casino’s new owners said that they would look to expand its existing offering with online gambling services. Boyd is no stranger to remote gaming, as prior to selling its 50% stake in Atlantic City’s Borgata, the company had participated in the operation of its online casino.

The post Valley Forge Casino Resort Slapped with $50,000 Fine for Awarding Excess Free Slot Play appeared first on Casino News Daily.

Wednesday, June 27, 2018

June 27, 2018

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort

You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort
opening day atlantic city

June 28 will be the most significant day in recent AC history as Hard Rock Atlantic City and Ocean Resort Casino open their doors at long last. Here's a breakdown of what to expect on opening day.

The post You Don’t Want To Miss The Party At Hard Rock Atlantic City And Ocean Resort appeared first on .

June 27, 2018

Malta Pushes New Gambling Law’s Implementation Back by a Month

Casino News Daily
Malta Pushes New Gambling Law’s Implementation Back by a Month

Malta is set to postpone the implementation of its new gambling law to August 1, 2018, the Malta Gaming Authority (MGA) said in a statement from earlier today.

The gambling regulator further pointed out that a recently issued Detailed Opinion by the European Commission (EC) as well as comments by the EC and by another EU Member State have necessitated the delay in the finalization of the new regulatory framework’s implementation process. It is understood that the Detailed Opinion has extended the standstill period during which the new law cannot take effect to July 16, 2018.

The MGA’s statement further reads that the Maltese government and the regulator itself will need time to review and address the comments and recommendations made by the EC and the Member State to ensure the smooth implementation of the nation’s new Gaming Act.

Malta’s new gaming regulatory framework was tabled in the country’s Parliament earlier this year and was sent for review by the EC on March 14. It was previously expected that the new regime would take effect on July 1, provided that it survives the three-month standstill period.

New Licensing System

Generally speaking, the new Gaming Act aims to replace Malta’s current legislation and is particularly focused on the licensing and provision of gambling services. Once it takes effect, the new law would simplify the current gambling licensing system by introducing just two categories of licenses – a B2B one and a B2C one. Gambling companies are currently required to obtain different licenses for the different types of services and products they are providing.

Malta’s new Gaming Act represents the first revision of the nation’s gaming law in fourteen years. The amendments were initiated by former MGA Executive Chairman Joseph Cuschieri, who assumed the post of CEO of the Malta Financial Authority earlier this year. Mr. Cuschieri’s vacated spot at the gambling regulator was later on assumed by MGA Chief Operations Officer Heathcliff Farrugia.

Aside from the new licensing system, the new gambling law also aims to extend MGA’s powers over the regulation of the nation’s rapidly growing online gambling sector. The regulatory body will thus be able to roll out stricter regulations and tools for combating money laundering, terrorism financing, and other financial crimes often associated with the gaming and sports betting industry.

The newly set August 1 date for the implementation of Malta’s new Gaming Act will affect remote gambling operations. It was previously announced that the portion of the new law that concerns land-based businesses would take effect on January 1, 2019. It is yet to be seen whether that date would remain unchanged.

Another important provision in the new regulatory regime would exempt B2B gambling service providers from taxes. That particular language aims to further cement Malta’s already established reputation of a major tech hub and a nation that is open to new technologies and innovation.

The post Malta Pushes New Gambling Law’s Implementation Back by a Month appeared first on Casino News Daily.

June 27, 2018

Loren Klein Wins 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship for Third Bracelet

Casino News Daily
Loren Klein Wins 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship for Third Bracelet

Pot-Limit Omaha specialist Loren Klein captured last night his third WSOP gold bracelet in as many years after surviving tough competition in the $10,000 Pot-Limit Omaha 8-Handed Championship and defeating fellow gold bracelet winner Rep Porter in a short heads-up.

Apart from the coveted gold piece, Klein also scooped a hefty prize of $1,018,336 for a terrific performance in the tournament.

While playing the tournament, the champion also managed to cause quite some stir and draw negative comments from the poker community. Klein wore a Make America Great Again hat these past few days, which was not received very well by many following WSOP action at Rio All-Suite Hotel & Casino in Las Vegas.

Some said that the player was apparently being ironic. Asked whether this was true, Klein said: “Am I? This might get me a White House invitation.” The player also pointed out that all the hate he received over the past few days for wearing the hat somewhat helped him do what he did.

The $10,000 Pot-Limit Omaha 8-Handed Championship was played over four days. The final day of the tournament saw six players return at the host venue. Brandon Shack-Harris led the pack of six finalists. However, it was not long before Klein took over. The eventual champion was third in chips at the start of Day 4 action, but several key pots won him the chip lead.

Klein and Shack-Harris are no strangers to each other. The two players clashed in the same tournament in 2016. Shack-Harris won the title that year, while Klein had to content himself with the runner-up finish. Things turned up differently this time, as Shack-Harris was denied a second title from the same event and was eventually eliminated in third place last night.

Final Day Action and More about the Winner

As mentioned above, Klein managed to take the lead early into the additionally scheduled Day 4 of the tournament. While there were several short stacks at the table, it took around two hours of play before there was any actual development.

There were five former gold bracelet winners among the final six players and a former November Niner. That spoke quite a lot about the level of play at the final table of the Pot-Limit Omaha championship event.

Klein ultimately faced fellow three-time gold bracelet winner Rep Porter heads-up. The eventual champion had a comfortable lead early in the duel, but Porter managed to double through him and erase some of the huge deficit.

Heads-up did not last long, though, despite Porter’s effort. Klein had about two times more chips than his final opponent on what turned out to be the final hand of the tournament. The champion raised to 1 million pre-flop and Porter three-bet to 3 million. Klein potted and Porter called for his last 4.275 million.

Klein tabled [Ac][Ad][3d][2h] to Porter’s [Ks][Kd][Jd][5c]. With a blank board of [2c][10s][4c][4d][9c], Klein clinched the victory, sending his final opponent to the rail for $629,378.

As mentioned above, this was a third WSOP title and gold bracelet for Klein in just as many years. The player previously won the $1,500 Mixed No-Limit Hold’em/Pot-Limit Omaha event in 2016, good for $241,427, and the $1,500 Pot-Limit Omaha last year, good for $231,483.

As it can be seen, all three of the player’s bracelets involved winning a Pot-Limit Omaha. Asked whether he considered himself the best Pot-Limit Omaha player in the world, Klein said that he might well be, although there were a lot of players who played the game extremely well and he was probably one of them.

Dwelling on what it feels to win a third gold piece, the player said that he was certainly having a good time in terms of his poker career. Yet, he pointed out that he was the same player he had been three years ago and winning a third piece did not mean “a ton.” However, winning a seven-figure payout was something that really made Klein extremely happy.

The post Loren Klein Wins 2018 WSOP $10,000 Pot-Limit Omaha 8-Handed Championship for Third Bracelet appeared first on Casino News Daily.

June 27, 2018

2018 WSOP: Loren Klein Wins Third Bracelet in Three Years!

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Loren Klein Wins Third Bracelet in Three Years!
On Tuesday, Loren Klein won the biggest $10,000 pot-limit Omaha championship in World Series of Poker history. The tournament (Event #49: $10,000 Pot-Limit Omaha 8-Handed Championship) attracted 476 entries and Klein, 32, received $1,018,336 in prize money and his third WSOP bracelet! Besides Allen Cunningham and Matt Matros, Klein is the only player to have won a bracelet three years in a row in the post-Moneymaker era! Klein scored his first bracelet in a no-limit hold'em/pot-limit Omaha mixe[...]

Tuesday, June 26, 2018

June 26, 2018

Betsoft launched The Golden Owl of Athena slot

Casino News Today
Betsoft launched The Golden Owl of Athena slot

The Golden Owl of Athena, the new 5×3, story-focused slot game from Betsoft Gaming invites players to reach for the ancient wealth and wisdom. Set in Athens at the height of the age of antiquity, The Golden Owl of Athena takes players on a guided tour of Greek mythology.  As players arrive in ancient Athens, the golden owl becomes their ...

The post Betsoft launched The Golden Owl of Athena slot appeared first on Casino News Today.

June 26, 2018

2018 WSOP: Shaun Deep Wins Third WSOP Bracelet in $25,000 POT-LIMIT OMAHA 8-HANDED HIGH ROLLER

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Shaun Deep Wins Third WSOP Bracelet in $25,000 POT-LIMIT OMAHA 8-HANDED HIGH ROLLER
USA's Shaun Deeb, 32, bested a star-packed field in Event #42: $25,000 Pot-Limit Omaha 8-Handed High Roller to claim yet another WSOP bracelet and $1.4 million in prize money! It was the Las Vegas-based online and live poker pro's third WSOP bracelet after winning his first two in 2016 and 2017. Not to forget, the $1,402,683 winner's check is the largest of his career! "It's crazy to get here," Deeb said. "A couple of years ago, I made two PLO final tables but got seventh and eight. I really fe[...]
June 26, 2018

Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch

Casino News Daily
Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch

A poster child of the Las Vegas Great Recession crash and burn, the unfinished Fontainebleau casino resort is now expected to bring life to an underdeveloped but what investors consider a very promising section of the Strip.

The property’s owner, real estate developer Steven Witkoff, provided this weekend updates on the ambitious project for the completion and planned 2020 launch of the complex. Mr. Witkoff participated in an event at the Southpoint Casino over the weekend. Tax reform was the main focus of the event, which was also attended by US President Donald Trump, a former casino owner himself.

Mr. Witkoff said that the Trump administration’s tax incentives were one of the factors that contributed to his decision to purchase Fontainebleau and hopefully turn it into a successful operation.

Construction work on the property is planned to begin next July. It is believed that the hotel and casino resort will be ready to swing its doors open in 2020 after more than 13 years of on-and-off planning about its eventual launch.

The plan for Fontainebleau Las Vegas was originally announced in the spring of 2005 and construction was expected to begin in 2006. The property was supposed to become operational by 2008. After certain delays, construction eventually began in February 2007 but was stopped two years later. The property has remained unfinished since then.

Mr. Witkoff and his Witkoff Group bought Fontainebleau last summer together with investment firm New Valley LLC for $600 million. The businessman has previously said that the property was so well-conceived that they would be able to both materialize its original concept and place their own imprint from a design point of view.

The Drew Las Vegas

Mr. Witkoff announced earlier this year that Fontainebleau will be renamed as The Drew Las Vegas. The property is located in the northern end of the Las Vegas Strip. The area had not seen that much of casino resort development activity in the past, but that has changed rapidly as, aside from the Fontainebleau project, Malaysia casino and hospitality giant Genting Group is building its Asia-themed Resorts World Las Vegas not far from Mr. Witkoff’s property. Genting’s own resort is, too, slated to open doors in 2020.

The businessman said during this weekend’s event that construction on The Drew would create 3,500 jobs. More than 7,000 jobs are expected to be generated once construction is complete, he added, receiving applause for his ambitious plan.

Under original ideas, the property was also planned to feature a massive convention facility, which analysts believe is part of Mr. Witkoff’s plan, as well. The Drew is expected to offer several dozens of food and beverage and retail facilities, among others, once fully operational. The amount of $3 billion will be invested in the project, The Drew’s owner pointed out this weekend.

International hospitality powerhouse Marriott will operate all three hotels at the property. The Drew will have a total of nearly 4,000 hotel rooms.

President Trump said he believed in the project’s success under Mr. Witkoff’s leadership. The nation’s top official himself said that he had once considered buying Fontainebleau.

The post Fontainebleau Casino Owner Throws Light and Optimism about Planned 2020 Launch appeared first on Casino News Daily.

June 26, 2018

Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em

Casino News Daily
Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em

Timur Margolin from Israel became the latest member of the WSOP’s club of gold bracelet winners. The player bested a pack of 1,248 tournament entries in the $2,500 No-Limit Hold’em or Event #43 on the schedule of this year’s edition of the series.

Margolin collected a hefty payout of $507,274 in addition to his first shiny WSOP gold bracelet. The player emerged as the victor after roller coaster four days and after clashing against some of poker’s big names, including six-time WSOP bracelet winner Chris Ferguson who has been making quite a comeback on the live tournament scene after a five-year hiatus.

The player disappeared from the felt after being indicted for his involvement with the Full Tilt Poker and for allegedly running a Ponzi scheme that saw nearly $450 million in customer money being paid out to directors and owners of the poker room. It took seven years before Ferguson finally addressed the issue and offered an apology to those affected.

In the $2,500 No-Limit Hold’em tournament, Ferguson finished fourth for $161,371. The player was denied a seventh WSOP gold piece namely by the event’s eventual winner. Margolin won a massive pot against Ferguson during four-handed play. It took the Israeli poker pro just a few more hands to send Ferguson to the rail.

Final Day of Play

Margolin’s road to victory was quite bumpy, particularly on the final day of play. Action was supposed to take place over three days, but was extended into an additional fourth one. That last day of play started with six remaining hopefuls. They were led by Ferguson who held 5.68 million in chips when cards were thrown in the air. Margolin was second in chips at the time with 3.52 million.

Ismael Bojang with 2.61 million, Michael Marder with 1.765 million, Dylan Linde with 1.33 million, and Ryan Laplante with 700,000 were the other four players still in contention.

Day 4 action saw the chip lead exchange hands on multiple occasions. The start-of-the-day field ultimately got whittled down to just two survivors, Margolin and Bojang. The duel began with the former holding a massive chip advantage over the latter. Margolin had accumulated a stack of nearly 12 million by that point to his last opponent’s 3.68 million.

Bojang did not waste time once the match began and quickly doubled up to reduce his disadvantage. He then emerged as the chip leader just as quickly and extended his lead methodically.

However, Margolin regained his momentum and retook the lead within the span of just a couple of hands. The player’s hardships were far from over, though, as Bojang scooped the lead once again a few hands later. It seemed that the mad race would never end.

The chip lead was swinging back and forth and then again, until Margolin reclaimed it one final time to never look back. Hand #158 was the final one to be played at the final table and the 23rd to be played within the heads-up match between Margolin and Bojang.

It saw Bojang shove for 4.41 million pre-flop with [Ac][2c] and Margolin snap-call with [Kc][Qs]. The board ran out [Ks][5s][4s][Qh][8d] to help Margolin claim the title and send his final opponent to the rail for a consolation prize of $313,444.

The post Timur Margolin Tops 1,248-Strong Field to Claim Gold in 2018 WSOP $2,500 No-Limit Hold’em appeared first on Casino News Daily.

Monday, June 25, 2018

June 25, 2018

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors

Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors
Meadowlands nj sports betting

With New York just a few steps away, Meadowlands Racetrack plans to open its Betfair-powered sportsbook on July 15 and reap rewards of legal NJ sports betting.

The post Meadowlands To Launch NJ Sports Betting On July 15, Cater To NY Neighbors appeared first on .

June 25, 2018

Yggdrasil Gaming launched Tut’s Twister slot

Casino News Today
Yggdrasil Gaming launched Tut’s Twister slot

Popular software provider, Yggdrasil Gaming released its newest game: Tut’s Twister slot. The new slot takes players on an exciting journey, during which the fabled King Tut has woken up in his tomb, wreaking havoc across the reels in the form of a swirling sandstorm. Players are transported to the ancient Egyptian setting by the mix of exciting animations and ...

The post Yggdrasil Gaming launched Tut’s Twister slot appeared first on Casino News Today.

Sunday, June 24, 2018

June 24, 2018

Pariplay Wins Mobile Gaming Software 2018 EGR B2B Award

Casino News Today
Pariplay Wins Mobile Gaming Software 2018 EGR B2B Award

Pariplay Ltd., a gaming technology company serving online and land-based casinos, iLotteries and iGaming brands, has won the prestigious Mobile Gaming Software Award at the 2018 EGR B2B Awards, held in London on 20th June 2018. The Mobile Gaming Software 2018 award recognises the company’s major contribution to evolving the mobile gaming space with its innovative interactive gaming system eyeON® ...

The post Pariplay Wins Mobile Gaming Software 2018 EGR B2B Award appeared first on Casino News Today.

June 24, 2018

Terminally ill man gets last wish to gamble in Atlantic City

Las Vegas Sun Stories: Gaming
Terminally ill man gets last wish to gamble in Atlantic City
A terminally ill New Jersey man says he got one of his last wishes fulfilled this week: to drink a cold beer and play a few more hands of blackjack at his favorite casino in Atlantic City. John Mudry and his family visited Bally's Atlantic City on Tuesday to fulfill one ...
June 24, 2018

Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Casino News Daily
Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship

Three days ago, Nicholas Seiken, a real estate broker from Texas, entered his first-ever standalone 2-7 Triple Draw event to eventually take it down, battling and outlasting a pack of seasoned pros. Late last night, the player joined the club of WSOP gold bracelet winners as he remained the last man standing in this year’s $10,000 Limit 2-7 Lowball Triple Draw Championship.

Seiken also collected $287,987 for outstanding performance in a game he did not have that much experience.

The tournament drew 109 entries, including a number of Triple Draw experts. Farzad Bonyadi, a three-time gold bracelet winner, was among the notables to enter the tournament. It is interesting to note that Bonyadi’s mother, Farhintaj, became the first female winner of this year’s edition of the series just a couple of days ago. She bested the field of the $1,000 Super Seniors.

Despite his effort, Bonyadi could not claim the Triple Draw Championship title last night and add another gold bracelet to his already impressive collection.

Aside from Seiken and Bonyadi, the final day of the tournament kicked off with 11 more survivors. Quite some of the remaining players struggled quite a bit throughout the day. But it looked as if Seiken, a player with significantly less experience than some of his remaining opponents, navigated through that final stage of the game very successfully.

Final Table and Heads-Up Play

By the time the official six-handed final table was set, Seiken had already built quite a stack. The player entered that final stage of the game as the chip leader with a significant lead over the next in line, who happened to be Bonyadi.

The eventual winner had 1.661 million in chips at that point to Bonyadi’s 943,000. Seiken seemingly had an easy run at the final table. In his post-victory interview, the player said that being the chip leader helped him a lot against the plethora of experienced players he was facing and he did not take much risk that would have cost him that advantage.

The only time the player lost the lead for a very short while was during three-handed play, when Randy Ohel replaced him at the top of the chip counts chart. Seiken himself admitted that he got a bit worried by Ohel’s short momentum.

Eventually, the player regained the lead, eliminated Kristijonas Andrulis in third place to cement his leading position and headed into heads-up against Ohel with a 3-2 advantage. The structure of the tournament allowed for a longer heads-up, but Seiken finished off his final opponent relatively quickly over the span of a 45-minute duel, which concluded with Ohel heading to the payout desk for a second-place prize of $177,992.

The 109-strong field of the championship tournament generated a prize pool of $1,024,600. The money was split into portions for the top 17 finishers, min-cashes starting from $14,864.

Following his latest triumph, Seiken told WSOP staff that while he is completely done with No-Limit Hold’em, we will be seeing more of him at the tables of mixed-game tournaments.

The post Nicholas Seiken Claims Gold in 2018 WSOP $10,000 Limit 2-7 Lowball Triple Draw Championship appeared first on Casino News Daily.

June 24, 2018

Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

Casino News Daily
Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs

Betfred founder Fred Done received a £10.2 million dividend, as the company is gearing up for massive lay-offs and betting shop closures following the UK government’s recent announcement that it intends to crack down on the nation’s gambling machines sector.

Betfred reported a pre-tax loss of £18.1 million for the year ended September 24, 2017, down from a £32.4 million pre-tax profit from the previous year. Despite the decline, Mr. Done, whose net worth is estimated to be around £1.4 billion, received the same dividend as he did a year earlier.

Mr. Done and his brother, Peter, founded Betfred back in the 1960s. The bookmaker has grown into one of UK’s largest privately-owned gambling companies since then. It currently operates the nation’s third largest chain of betting shops with a total of 1,666 facilities.

The UK government confirmed last month that it would crack down on the highly controversial fixed-odds betting terminals by cutting the maximum stake the machines accept to just £2 from £100. The announcement caused a wave of protests from industry stakeholders as the maximum stake reduction would cost operators of such devices, Betfred included, hundreds of millions of pounds of gross gambling yield.

Mr. Done said last month that the crackdown could force them to close around 900 of their high street betting shops and lay off up to 4,500 workers. Reports emerged last month that the businessman was considering a judicial review in a bid to overturn the government’s decision to roll out a clampdown on the machines that campaigners have been describing as the “crack cocaine of gambling”.

Following last month’s announcement, Betfred Managing Director sent an email to staff, urging them to lobby MPs to oppose the crackdown, as the reduced stake would have a major impact “on the viability of a number of [the company’s] shops”.

It was understood earlier in June that under a reported agreement between the UK government and bookmakers, the FOBTs stakes might not be reduced before 2020.

Tote Sale

Betfred’s operations also include an online gambling platform, which the company will probably seek to boost in an attempt to offset the losses incurred by the FOBTs clampdown, as well as the Tote racing pool business.

The bookmaker acquired that latter business in 2011. The deal came with a seven-year monopoly over the provision of pool betting services across British racecourses. The monopoly expires this year and another operator, Britbet, is expected to assume control of racecourse pools across 55 major courses.

Reports surfaced earlier this year that Mr. Done was looking to sell the business and a deal was announced earlier this month. Betfred agreed to sell its pool betting operation to the Alizeti consortium, which includes racecourse owner and breeder Alex Frost. The consortium took an initial 25% share in the business with an option to buy the remaining 75% within the next three to five years. The deal could be worth around £150 million.

The post Betfred Founder Gets £10.2 Million Dividend as Company Faces Shop Closures and Lay-Offs appeared first on Casino News Daily.

June 24, 2018

MGM, Wynn tamp down Boston casino intrigue

Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...

Saturday, June 23, 2018

June 23, 2018

Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing

Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing
ocean resort casino license

An Ocean Resort Casino license was the final piece of the puzzle for the Atlantic City casino to open June 28, and the two-day hearing was an eye-opening experience for many.

The post Details (And Secrets) Are Revealed During Ocean Resort’s Casino License Hearing appeared first on .

June 23, 2018

Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Casino News Daily
Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Robert Nehorayan is known by many as Rec Rob, his nickname derived from him identifying himself as a recreational player. However, he outlasted last night a field that included seasoned poker pros like Daniel Negreanu, Chris Ferguson, and Ari Engel to win his first gold bracelet from the WSOP and his largest cash of $173,568.

The player topped the 596-strong field of Event #41: $1,500 Limit Hold’em. As mentioned above, some of poker’s top players entered the tournament to pursue another great accomplishment in the game. Of all fellow participants, Nehorayan had special praise for Terricita Gutierrez, a Limit Hold’em specialist whom the eventual champ considered his toughest opponent.

Terri, as Nehorayan called her, has been playing Limit Hold’em cash games every single day for years now to accumulate knowledge and experience that many other fellow players at the table lacked. She was ultimately eliminated in fourth place, good for $51,733.

The $1,500 event was played over three days through June 22. It saw 596 entries generate a prize pool of a little over $800,000. The top 90 places paid.

Day 3 Action Highlights

Day 3 of the tournament kicked off with 19 survivors in contention but seven of them quickly headed to the payout desk within the first 90 minutes of play. Action slowed up a bit afterward, as finalists became more aware of the event’s approaching end.

Chips swung back and forth throughout the day and the chip lead went from one player to another. Many of the remaining hopefuls had many ups and downs, but it can be said that Nehorayan managed to maintain a good stack and momentum throughout that final stage of the event. The brand new WSOP champion admitted that he had really good cards running his way, as well.

David Gee was the last player to be eliminated before the heads-up duel. That final duel took place between Nehorayan and one-time gold bracelet winner Kevin Song. Song won his piece 21 years ago for topping the field of a Limit Hold’em event. A second piece eluded him last night, unfortunately, although he fought really fiercely for it.

The match between the final two men standing began with Nehorayan holding a 3-1 advantage to Song. However, the latter quickly caught up and took the lead for a little while, putting great pressure on his opponent.

Nehorayan eventually regained his momentum and retook the chip lead to never look back. On Hand #286 of the final table, the player won a key pot that secured him with 3.9 million, while leaving Song with just 475,000.

The final hand of the tournament was dealt shortly after. On Hand #289, Nehorayan called from the button and Song raised. Nehorayan asked his opponent how much he had left and put him all in. Song tabled [8s][6s] to clash into Nehorayan’s [10s][7d]. The board landed [2c][Qh][9h][4h][Jh] to end Song’s participation in the tournament and seal the victory for Nehorayan.

The post Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em appeared first on Casino News Daily.

Friday, June 22, 2018

June 22, 2018

BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

Casino News Today
BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

BlockChain Innovations Corp. (“BCI” or the “Company”), an international blockchain technology supplier serving the regulated gaming industry is pleased to announce that it has signed a letter of intent with Capricorn Business Acquisition Inc. (NEX Board CAK.H), for its qualifying transaction to go-public in the Third Quarter of 2018. With the 6-3 United States Supreme Court decision two-weeks ago striking ...

The post BlockChain Innovations Corp. Announces its Letter of Intent to Go Public appeared first on Casino News Today.

June 22, 2018

2018 WSOP: Event #40: $2,500 Mixed Big Bet won by Scott Bohlman for $122,138

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Event #40: $2,500 Mixed Big Bet won by Scott Bohlman for $122,138
Event 40 $2,500 Mixed Big Bet of the 2018 WSOP has been bagged by Scott Bohlman, who now has cashed for the 51st time at the series, also savors his very first gold bracelet and a nice sum of $122,138 after outlasting a field of 205 players. The unique format of Mixed Big Bet is a combination of 7 big bet games: no-limit hold'em, no-limit 2-7 single draw lowball, pot-limit Omaha, pot-limit Omaha 8-or-better, big O, no-limit 5-card draw high, and pot-limit triple draw 2-7 lowball. Bohlman said [...]
June 22, 2018

Table games revenue drops again at Pennsylvania casino

Las Vegas Sun Stories: Gaming
Table games revenue drops again at Pennsylvania casino
Sands Casino Resort Bethlehem is still Pennsylvania's table games king, but in recent months its stranglehold on the throne doesn't seem quite as firm. For instance, in May, Sands Bethlehem generated $19.6 million in table games revenue, the 15th-highest monthly total in ...
June 22, 2018

Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Casino News Daily
Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet

Farhintaj Bonyadi, mother of three-time WSOP gold bracelet winner Farzad Bonyadi, outlasted a behemoth field of 2,191 to win the 2018 WSOP $1,000 Super Seniors No-Limit Hold’em for a gold piece of her own. The player also scooped a hefty payout of $311,451 for her efforts.

It is also interesting to note that Bonyadi actually became the first female winner of this year’s edition of the popular poker series.

The player survived through a massive field and a prolonged heads-up against Robert Beach to win her first title from the WSOP. Shortly after her victory, she said that she felt really great to have a bracelet of her own. Her son, Farzad, was on the rail to support and guide his mother. The mother and son duo told WSOP staff shortly after her victory that it was actually Farzad who taught his mother how to play poker. However, the three-time gold bracelet winner admitted that although he tried to help throughout the tournament, Bonyadi pretty much sealed the victory herself.

The tournament was expected to take place over three days but was extended into a fourth one during which Bonyadi and her heads-up opponent battled it out for the better part of three hours.

Day 3 kicked off with 43 players, but that field was eventually reduced to Bonyadi and Beach. The two players played the final level scheduled for the day and agreed to return for an additional fourth day of play.

Final Day Action

It is important to note that Bonyadi was going really strong throughout Day 3. Yet, she entered the two-handed duel at a considerable chip disadvantage, but apparently, that did not discourage her from pursuing the title. She remained calm and composed, just as her son had taught her.

Day 4 saw Bonyadi drop to 1.85 million at some point to Beach’s 9.105 million. However, her patience paid well as the player managed to double, even the stacks, and take the lead. She never looked back from that point on. After an epic marathon of chips going back and forth for 175 hands, Bonyadi eventually eliminated her final opponent.

The final hand in play saw Bonyadi raise to 425,000 pre-flop and Beach call. The [6d][4d][7c] landed on the flop. Bonyadi checked and Beach bet 600,000. Bonyadi check-raised to 1.2 million, which her opponent called. The [3s] arrived on the turn to see Bonyadi bet 600,000 and Beach call. The [5h] rolled out on the river. Bonyadi moved all in with [8s][8d] and Beach called with [9s][7s]. The latter hit the rail for $192,397, as WSOP’s brand new champion raised her hands in the air in celebration.

As mentioned above, the Super Seniors tournament attracted 2,191 entries who created a prize pool of $1,971,900. The top 329 places paid with cashes starting from $1,500.

The post Farhintaj Bonyadi Wins 2018 WSOP $1,000 Super Seniors for First Gold Bracelet appeared first on Casino News Daily.

Thursday, June 21, 2018

June 21, 2018

Hard Rock AC Setting The Tone For Live Entertainment In Atlantic City All Year Long

Hard Rock AC Setting The Tone For Live Entertainment In Atlantic City All Year Long
Hard Rock Atlantic City

Hard Rock Atlantic City's new entertainment initiative, 365 Live, includes 50 live acts every week through August plus free concerts across the casino.

The post Hard Rock AC Setting The Tone For Live Entertainment In Atlantic City All Year Long appeared first on .

June 21, 2018

WSOP 2018: Negreanu, Hellmuth, Ivey among contenders for $1 Million Buy-in WSOP Tournament �The Big One for One Drop'

BankrollMob News - Poker / Casino / Betting
WSOP 2018: Negreanu, Hellmuth, Ivey among contenders for $1 Million Buy-in WSOP Tournament �The Big One for One Drop'
On July 15, 2018, "the WSOP and One Drop announce the return of The BIG ONE for One Drop, a $1 million buy-in tournament capped at a maximum of 48 players and the most significant charity initiative in poker history. For the fourth time, this tournament will harness the ability of poker to bring together people from all over the globe to raise awareness and funds for the cause of water. This innovative event is back at the Rio in Las Vegas during the WSOP 2018. Once again, the WSOP will be waiv[...]

Wednesday, June 20, 2018

June 20, 2018

2018 WSOP: Event #36: $1,000 Super Seniors No-Limit Hold�m won by Farhintaj Bonyadi for $311,451

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Event #36: $1,000 Super Seniors No-Limit Hold�m won by Farhintaj Bonyadi for $311,451
The 2018 WSOP Event #36 $1,000 Super Seniors NLHE has been won by Farhintaj Bonyadi, who managed to outlast a player field of 2,191 players, claiming her very first gold bracelet and taking home with her a nice sum of $311,451. Farhintaj is the 83-year-old mother of three-time bracelet winner Farzad Bonyadi, and thanks to her winning this event, they have now become the first-ever mother and son tandem to win WSOP titles. Farhintaj said after she won, "It's just only my first bracelet. "I'm so[...]