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Playsugarhouse.com sportsbook went live last Thursday, and reported that there are already some interesting trends to be seen.

BetConstruct is to attend a preeminent gaming event, the SAGSE LatAm Expo in Buenos Aires, Argentina on September 11 – 13. Latin America is a huge market for BetConstruct. During the SAGSE LatAm Expo , the company will aim to impress all attendees with its powerful solutions and the freedom of choice they offer. Among the company’s showcase at its ...

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Nayong Pilipino Foundation officials once again denied corruption allegations and stressed on the legality of the foundation’s deal with Hong Kong casino resort developer Landing International Development that secured the latter with a land plot for the development of a $1.5-billion hotel and casino complex.

Philippine President Rodrigo Duterte fired earlier this month all members of the board of the state-run organization that was established back in the 1970s to run the Nayong Pilipino cultural theme park located in Pasay City in the Metro Manila area.

Earlier this year, Nayong Pilipino Foundation penned an agreement with Landing to lease the land previously occupied by the above-mentioned theme park for the development of an integrated resort with a casino floor, hotels, and multiple non-gambling entertainment options. The site is located within Entertainment City in the Manila Bay area and not far from where the Philippine capital’s three operational integrated resorts have been built.

The Hong Kong-based developer broke ground on the property earlier this month. However, President Duterte announced hours after the ground-breaking ceremony that measures will be taken to block the materialization of the mega-plan.

The Philippines’ top official said that the lease deal was flawed and “grossly disadvantageous” as the lease period was “ridiculously long” and the lease rates were too low. In addition, the members of the Nayong Pilipino Foundation were accused of corruption.

President Duterte also ordered the Department of Justice to carry out a review of the lease deal. DOJ officials announced earlier today that the probe was completed on Wednesday but refused to reveal more details about the department’s findings.

In a written statement released across several local news outlets on Wednesday, the foundation said that it has followed “all procedural and legal requirements” before the project was launched and that its members were “falsely and maliciously accused” of corruption.

Under the terms of the deal between Nayong Pilipino Foundation and Landing, the latter agreed to lease the portion of land for a period of 25 years with an option for an extension of the deal for another 25 years. In his comments against the deal, President Duterte has pointed out that it was a ridiculously long one and granted Landing permission to use the land for a period of 70 years and operate a casino on it. And the official has repeatedly pointed out that no other casinos beyond the existing ones would be allowed in the country.

The foundation stressed that a 70-year lease period has never been discussed by the two parties and that the initial lease period could only be extended to 50 years if the Philippine Tourism Infrastructure and Enterprise Zone Authority classifies Landing’s development as a tourism project.

As for President Duterte’s comments that the lease price was too low, the foundation said that Landing has agreed to pay PHP360 per square meter per month for the 9.57-hectare property and to contribute 10% of the net profits from the three theme parks that are planned to be developed as part of the integrated resort, which effectively raises the lease price to PHP570 per square meter per month. The foundation’s statement further read that Resorts World Manila pays PHP156.66 per square meter per month for the 5.4-hectare site it occupies, a price significantly lower than what Landing has agreed to pay.

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The 2018 Gaming in Spain Conference, which takes place November 7-8, 2018, in Madrid, is your single stop to stay informed of the increasingly attractive opportunities offered by the booming Spanish online gaming market. Click here to register. Lower tax rates and strong growth offer fresh opportunities To an industry sector that often appears to be under regulatory siege, the ...

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Outside gambling competition is an issue for Atlantic City casinos as East Coast markets that once funneled gamblers onto the Boardwalk expand.

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Sports betting in New Jersey won't be the panacea for state coffers that officials are hoping for, says Fitch Ratings. But NJ sports betting is only just getting started.

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Say goodbye to summer with discounts! First 50 tickets to Blockchain & Bitcoin Conference Malta for 99 EUR each! From August 28 to August 31, you can buy tickets to the conference at the hottest price — 99 EUR! Hurry up, the amount of tickets is limited! Only first 50 lucky ones will be able to obtain tickets at the ...

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Through Aug. 18, Atlantic City casinos have reported a total of $21.9 million in jackpot wins of more than $50,000, making the first half of 2018 more profitable than each of the previous three full years.

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The 2018 edition of the WPT500 Los Angeles is now in the books. The tournament drew 2,509 entries who challenged their luck and tested their skills against each other at one of California’s hottest poker destinations – The Bicycle Casino. In the end, it was Michael Copeland who posed for a celebratory picture and then pocketed the first-place prize of $181,950 for outlasting his many opponents.

The final day of the tournament was played on Monday at the host casino. Nine players returned to play the final table and determine the champion. And Copeland led them into that final stage of the game with a massive chip lead.

It was a relatively short day at The Bike. The final table took less than four hours for the start-of-the-day field of nine to be whittled down to the champion. The first elimination occurred half an hour into action when Alexander Beleson’s [Ac][Qs] ran into Jorge Pineda’s pocket aces. An ace on the flopped pretty much sealed it for Pineda, while Beleson hit the rail for $17,790.

Players walked out one after another until there were just two players left at the table. More about the heads-up duel shortly. It is first important to note that Copeland entered the final day of the WPT500 as the chip leader with a massive advantage over the rest in contention with his stack of 19 million. And he never really lost momentum throughout the day.

The eventual champion was the first and only one to pass the 30 million chip mark yesterday. That happened during three-handed play. At that point, he was in possession of half of all chips in play.

Copeland faced Pineda heads-up. The eventual winner had nearly three times more chips than his final opponent at the time cards were thrown in the air for the two-handed match. And it was not a long battle. It actually took around ten minutes for Copeland to finish off his last opponent.

On what turned out to be the final hand of the tournament, Pineda shoved pre-flop for 10.125 million and Copeland called. The eventual winner flipped over [Ac][Jc] to Pineda’s [10c][9h]. The board ran out [Ad][10s][8c][8s][4s] to bring the tournament to an end. Pineda hit the rail in second place, good for a cash prize of $120,610.

The WPT500 Los Angeles was the second event of the WPT500 series to take place this year, which means that it closed the popular WPT brand’s fifth season. The event featured a record number of starting flights – 16 overall. As mentioned earlier, it attracted a little over 2,509 entries who paid a buy-in fee of $570 to generate a prize pool of $1,254,500. Each of the nine players who played the final table was guaranteed a minimum cash of $17,790. And the winner scooped a first-place prize of $181,950, the WPT500 champion’s trophy and another trophy from the host casino.

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It has been three months since the US Supreme Court struck down the 1992 nationwide ban on sports betting. The historic ruling led up to the legalization and launch of sports betting offering in several states and started discussions over the potential of a regulated sports betting industry in multiple other states.

Delaware, New Jersey, and Mississippi were the first to roll out wagering products, while West Virginia and Rhode Island are gearing up for the launch such offering in a regulated environment. Interest in sports betting has also been picking up in Pennsylvania, where two of the state’s 12 casinos have applied for permission to offer such products to its customers. The regulation of sports betting in the Keystone State comes as part of a sweeping gambling expansion process that will also see the provision of online gaming services to residents.

And while the above states decided to jump on the legal wagering bandwagon very shortly after the long-running ban was lifted, Kentucky lawmakers have taken a more cautious approach.

Three sports betting bills have been introduced in the state Legislature so far, but all three are yet to pass a committee vote. It can be said that former Kentucky Governor and current Senator Julian Carroll is leading the sports betting drive in the Bluegrass State. The legislator submitted a bill on the legalization of sports betting in the state in June.

He is also part of a nine-member working group that was assembled shortly after the SCOTUS ruling and vested with the responsible task to create a feasible sports betting regulatory system that will be discussed more broadly in the state Legislature during the next legislative session. With that said, Kentuckians will clearly have to wait at least until next year to be able to wager on professional and amateur leagues.

The nine-member working group, comprised by both Senators and House Representatives and members of both parties, has had two meetings so far. And according to a report from Sports Handle, the second meeting saw two important decisions being made – taxation of regulated sports betting operations and integrity fee for professional sports leagues.

In an email to Sports Handle, Sen. Carroll has said that the group has decided on the basis for taxation when and if sports betting is legalized in the state. Wagering will thus be taxed on net revenue, but a rate is yet to be determined by lawmakers.

The taxation decision represents a major diversion from Sen. Carroll’s bill from June this year. The lawmakers called for taxing sports betting on handle. The proposed structure mirrored how pari-mutuel wagering, which has been legal in Kentucky for some time now, was taxed, the lawmaker explained in previous comments on the piece of legislation.

However, it can be said that net revenue is globally recognized by gambling companies serving regulated markets as the most reasonable basis. In other words, taxing sports betting on handle could have affected Kentucky’s lure to major sports betting companies. And it is believed that the state could be really attractive to global gambling giants, particularly when bearing in mind its rich horse racing heritage.

With sports betting growing into an almost nationwide mainstream venture, more and more parties are becoming aware that what could turn into an industry worth hundreds of billions of dollars is currently in the making. And more and more parties want a piece of that large and juicy pie.

The US professional sports leagues have become particularly vocal about their right to benefit from the legalization and regulation of sports betting. NBA Commissioner Adam Silver has been among the staunchest supporters of the idea that the NFL, NHL, NBA, and MLB deserve to receive a cut of the profit. In June comments, Mr. Silver said that the NBA alone will spend more than $7.5 billion on preparing the upcoming basketball season. And given the fact that that product will be used by casinos, betting halls, and other facilities to generate a profit, they feel they should receive an integrity fee just as musicians receive a royalty for their music that is being streamed all around.

During their latest meeting, the nine members of Kentucky’s sports betting legalization working group have decided that the state’s law on the matter would not include the distribution of an integrity fee to the nation’s professional sports leagues. It is also important to note that the six states that have legalized sports betting so far have not introduced an integrity fee as part of their regulation effort.

The nine lawmakers tasked with crafting the state’s sports betting regulatory framework have quite some work to do. For instance, they will have to decide where sports betting will be offered and who will regulate the industry.

Kentucky does not have commercial Las Vegas-style casinos. On the other hand, the state is home to nine racetracks, including the extremely popular Churchill Downs which annually hosts the Kentucky Derby. Under Sen. Carrol’s bill, sports betting will be allowed across the state’s horse racing venues.

Under a bill filed in the House of Representatives, the state lottery will regulate the provision of sports betting in Kentucky and sports betting products will be offered across retail lottery outlets, in addition to the nine racetracks.

Tax revenue distribution is another important matter that will have to be decided upon. The Senate bill looks to close a very huge and important gap and focuses on the state’s cash-strapped pension systems. It is yet to be seen whether that proposal will make it to the final draft of Kentucky’s sports betting legislation.

Sen. Carroll has said in his e-mail to Sports Handle that their most important goal is to protect Kentucky’s citizens, despite the potentially huge revenue source that will be created with the legalization and roll-out of a regulated sports betting product.

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DraftKings Sportsbook finally has competition from playMGM and SugarHouse Sportsbook. The three NJ online sports betting sites offer a variety of features, and here are the highlights.

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The WPT500 Los Angeles in entering its closing stage after nine days of quality poker action at The Bicycle Casino in the Los Angeles area. The $570 buy-in tournament drew a field of 2,509 warriors, all eyeing the first-place prize and the accolades that accompany a champion. However, there are just nine of them left in contention and it is a matter of hours before it becomes clear who will be the one to claim the title.

The massive field of the event was generated through sixteen starting flights, played over eight days. This was the largest WPT500 tournament in terms of flights featured. The event offered a guaranteed prize pool of $1 million, but the guarantee was eventually crushed to reach $1,254,500. Each of the nine remaining contenders is guaranteed a minimum payout of $17,790. And the winner will take home a nice cash prize of $181,950 and the tournament trophy.

The nine hopefuls are set to resume action at the Live At The Bike studio located inside the host casino. Nine-handed play will commence at 1 pm local time and the remaining contenders will play down to a winner. It is also important to note that action will resume from Level 33 with blinds at 100,000-200,000.

Day 2 of the event was played Sunday at The Bike. Play commenced with 124 players and lasted until WPT regular Minh Nguyen was eliminated in 10th place for $17,790 in prize money. The player hit the rail after failing to hold up against Michael Copeland. As for Copeland, the chips he collected from Nguyen helped him cement his lead.

The player bagged and tagged a massive stack at the end of the day and will thus lead the nine finalists into the final Day 3 with 19 million in chips. Copeland secured a big chip advantage over everyone else left in contention. The player was the only one of all nine to have passed the ten million mark. It is also important to note that Copeland’s stack is good for 95 big blinds.

Jorge Pineda collected the second largest stack last night worth 7.2 million in chips or 36 big blinds. Erik Nason with 5.375 million/27 big blinds rounded out the chip counts podium at the end of Day 2 play.

Aaron Messmer with 4.725 million (24 big blinds), Jose Torres with 3.25 million (16 big blinds), Luke Nguyen with 2.755 million (14 big blinds), Travis Tachibana with 2.5 million (13 big blinds), Alexander Beleson with 2.25 million (11 big blinds), and Sanjay Mayekar with 1.875 million (9 big blinds) were the other players to make it through Day 2 of the tournament and secure a coveted seat into the nine-handed finale. As mentioned above, each and everyone of them has locked a minimum payout of $17,790, but the first-place prize will be what all of them will be vying for.

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The Belarusian tax ministry has confirmed the country will regulate online gambling from the start of April 2019. Vladimir Mukvich, the Deputy Tax and Duties Minister, informs that there would be a transitional period lasting for two years, through the 1st of April 2019, when online operators would be able to apply for an online gaming licence. Mukvich added that ...

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The 2018 edition of the G2E exhibition in Las Vegas will be yet again the key event for Alfastreet, announcing important novelties and game evolutions for the second part of the year, preparing the ground for future trends that will see the introduction of radically advanced machines in 2019. Among a rich pack of novelties that will entertain the visitors ...

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Saturday was an eventful day at The Bicycle Casino in the Los Angeles area as the ongoing WPT500 Los Angeles finally concluded its starting flights stage. Over the course of the past eight days, as many as 2,509 entrants paid the $570 buy-in fee to try their luck and challenge their skills in one of WPT’s most exclusive series.

Of the original field, only 124 will progress into Day 2 action which starts today at 1 pm local time. Action will kick off from Level 19, the earliest finish of all 16 starting flights, with blinds standing at 4,000/8,000.

Day 1O of the tournament was played yesterday at The Bike. It was the largest one of all starting flights, drawing 460 players. There were only 23 finalists left at the end of the day. They will advance into Day 2 led by Dustin Gottstein who bagged the largest stack last night. The player collected 1.334 million in chips.

It is important to note that this was not only Day 1O’s biggest chip stack, but also the biggest one bagged throughout all sixteen starting flights. In other words, Gottstein has finally replaced Day 1A chip leader Peter Hengsakul at the top of the overall chip counts chart.

Day 1P (Turbo) was the event’s final starting flight. It was, too, played yesterday at The Bike. The flight attracted 189 entries who were eventually whittled down to just nine players. Paul Lee bagged the largest stack of that closing starting flight. The player will enter Day 2 with 830,000 worth of chips.

As mentioned above, Gottstein will begin Day 2 as the overall chip leader with 1.334 million, followed by Day 1A’s Hengsakul with 1.151 million. It is interesting to note that Hengsakul is looking to improve his third-place finish in the previous edition of the WPT500 Los Angeles. The tournament was played at The Gardens Casino last May. Hengsakul made it to the podium, but could only claim the bronze and a third-place prize of $100,000.

Alexander Beleson, the Day 1G chip leader, will enter Day 2 action with the third largest chip stack of all 124 remaining hopefuls with 1.114 million. And Thomas Zanot is the last player to have passed the one million mark. Zanot was the Day 1I chip leader and bagged 1.1 million at the end of that starting flight.

The 2,509-strong field of the WPT500 Los Angeles created a prize pool of $1,254,500, easily crushing the $1-million guarantee. It is yet to be announced how much the winner will be awarded.

Day 2 of the tournament is set for a 1 pm start at The Bike, known to be one of California’s hottest poker destinations. The remaining hopefuls will be contending for a spot among the final nine. The nine finalists will then return to the host casino on Monday to play down to a champion.

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GameArt is one of the young and quickly developing companies in the modern gambling market. From 2013 onwards, the provider succeeds in creating quality software for clients from different regions, e.g., Serbia, Slovenia, the UK, Malta, and many others. GameArt is pleased to announce a new stage of its development – the release of games with jackpots. The first batch ...

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Monmouth Park was the first venue in New Jersey to accept sports wagers following the repeal of PASPA. Yet, the racetrack is falling behind in the race to launch NJ online sports betting.

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