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Flight B of the second event on the schedule of the ongoing WSOP Circuit Horseshoe Southern Indiana live poker festival was completed last night. The second of two starting flights provided interested players with a final chance to register into the $400 buy-in No-Limit Hold’em tournament.

As registration was closed, organizers were able to confirm the size of the event’s overall field as well as the prize pool and the places paid. As many as 763 entrants registered into the $400 No-Limit Hold’em Re-Entry. They generated a prize pool of $251,790. The top 81 finishers will leave with a cash from the event, with minimum payouts starting from $627. The champion will collect $50,359 and a WSOP Circuit gold ring.

And here is the place to mention that after Flights A and B, there are now as many as 93 players left in contention. Of them, 34 survived from Day 1A and the other 59 from Day 1B. The survivors from the two starting flights will combine together for the first time today when the final day on the tournament’s schedule is slated to be played.

Action resumes at 2 pm local time at Horseshoe Southern Indiana. The remaining hopefuls will have a long day ahead as they will have to first burst the money bubble, then to set the official final table, and finally to determine the champion.

The remaining survivors will be led by Andrew Jacobs who bagged and tagged the largest stack after the end of Flight B. The player collected a total of 393,000 to top last night the Flight B and the overall chip counts chart, ending the reign of Day 1A chip leader Nicholas Pupillo (pictured). Pupillo now ranks second in the temporary leaderboard with a total of 389,500 in chips.

As it can be seen, Jacobs’ advantage is very tiny, and it is rather curious whether he will pull further ahead at the start of Day 2, or it will be Pupillo or another player from the 93 survivors who will assume the chip lead.

As mentioned earlier, action is scheduled to resume at 2 pm local time. It is also interesting to note that Pupillo is playing for his third WSOP Circuit gold ring. The player topped the field of a WSOP Circuit Main Event and of another tournament in previous seasons of the popular poker series to capture his first two pieces of gold.

Horseshoe Southern Indiana is playing host to the fifth WSOP Circuit stop of the 2018/2019 season. The ongoing live poker festival will run through October 8, when Day 3 of the $1,700 Main Event is to be played and the name of the Main Event champ is expected to become clear. The highlight tournament is slated to kick off on Friday, October 5 with the first of two starting flights.

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Horseshoe Southern Indiana is the host casino of the latest WSOP Circuit stop on the series’ 2018/2019 calendar. Poker festivities at the gambling facility kicked off on September 27 with a single-day $400 No-Limit Hold’em, the field of which was topped by Corey Hodgeman for his first-ever WSOP Circuit cash of $15,873 and a gold ring.

The second gold ring tournament on the schedule started on Friday at the host venue. The $400 buy-in event began with the first of two starting flights and drew as many as 278 tournament entrants. The second starting flight is slated to be played today from 11 am. It will provide a last chance for interested players to join the event’s field.

The total amount of $91,740 was generated on Day 1A and it will be added to the money generated during the second starting flight of the tournament to comprise together the overall prize pool. And the prize pool itself as well as the places paid and how much the winner will collect will be announced upon the beginning of Day 2 on Sunday.

Of the 278 participants who registered for the tournament on Day 1A, there were just 34 players left at the time organizers called it a day on Friday at Horseshoe Southern Indiana.

The remaining 34 survivors will have a day off today, while the second starting flight is being played. They will resume play on Sunday when the fields of Day 1A and Day 1B will combine for the very first time to play down to a champion.

Nicholas Pupillo finished off Day 1A as the chip leader. The player bagged and tagged 389,500 in chips last night to top the temporary chip counts chart after a particularly good run throughout the day. Charles Dawson with 245,500 and Kendall Staggs with 229,000 were the other two players to make it top three of the Day 1A leaderboard.

It is interesting to note that Pupillo is eyeing his WSOP Circuit gold ring number three. He won his first piece from the series in 2015 when he bested the field of a $580 No-Limit Hold’em event. He also collected a cash prize of $15,600 for his triumph back then. Gold ring number two arrived last fall when he emerged victorious in the $1,675 Main Event at Thunder Valley Casino. His victory also secured him with a payout of $170,286.

Over the course of his career, Pupillo has cashed in 36 WSOP Circuit tournaments and seven WSOP ones and has collected cash prizes of more than $512,083 from the two major poker series. It is to be seen whether the player will manage to score his third WSOP Circuit victory.

Action at the host casino resumes at 11 am local time and Day 2 action will kick off on Sunday at 2 pm at Horseshoe Southern Indiana.

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With a market capitalization of $7.07 billion an multiple properties across the United States, the United Kingdom, and Egypt, among other countries, Caesars Entertainment Corp. is one of the world’s largest gaming and hospitality companies. Caesars climbed out of a lengthy Chapter 11 bankruptcy last fall and has since then focused on expanding both its domestic operations and its international presence as part of its strategy to further establish itself in the casino gaming, hospitality, and entertainment fields.

In the months preceding the company’s emergence from bankruptcy, its CEO, Mark Frissora, said that geographical expansion and product diversification would be one of its main points of focus once it puts its bankruptcy case behind.

It has been nearly a year since the closure of the bankruptcy proceedings, and the company has shown that it has been working hard to deliver on that strategy.

In its domestic market, Caesars most recently broke ground on a $375-million conference and convention center in Las Vegas. The 550,000-square-foot Caesars Forum is slated to open doors in 2020 and will offer 300,000 square feet of flexible meeting space, including two 110,000-square-foot pillarless ballrooms and a number of other convention facilities. The property will also have a direct access to hotel rooms at Harrah’s Las Vegas and The LINQ as it will be connected to the two properties via a skybridge.

Late last year, Caesars broke the news that it would expand its presence in Indiana, an important casino market, through the acquisition of Centaur Holdings LLC for the total amount of $1.7 billion. The deal was closed in mid-July and saw Centaur’s Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville be added to Caesars’ existing portfolio of properties in the state. The company already owned and operated the Horseshoe Hammond and the Horseshoe Southern Indiana casino properties prior to the transaction.

The company announced that it would invest $50 million to upgrade its two new properties and broke ground on a $85-million expansion of its Horseshoe Southern Indiana casino that would also involve the property’s relocation to dry land.

It has also become clear that Caesars has appetites for expanding its international casino gaming portfolio. Japan has been one of the countries targeted by the major gambling and hospitality company. The country recently legalized casino gambling within its borders. Earlier this summer, Japanese lawmakers also approved an essential bill that set out the principles under which the nation’s nascent casino market would be regulated.

It is believed that Japan could quickly become one of the world’s top three gambling markets once its casinos open doors. The government agreed to issue up to three gaming licenses to interested operators and some of the world’s largest gambling companies have already kicked off the race for these, even though they are not expected to be granted before 2019. Caesars has been one of these companies. However, it is facing heavy competition from fellow Las Vegas operators such as MGM Resorts International and Las Vegas Sands, as well as from prominent Asian companies, including Melco Resorts & Entertainment and Genting Group.

It has also emerged that Caesars is eying participation into an €8-billion project for a massive integrated resort at the site of the former Ellinikon International Airport near Athens, Greece. The company’s name has been mentioned in relation to the mega-scheme for more than a year now. The integrated resort development will feature multiple accommodation, food and beverage, and entertainment facilities as well as a casino, the sole investment for which is expected to reach €1 billion. The whole complex will be Europe’s largest one of this kind.

The Greek Gaming Commission recently invited interested parties to submit comments and proposals in relation to the grand project ahead of the official opening of the bidding process and Caesars was one of the companies to lodge its interest in the development, thus confirming what have previously been only reports about its interest to take part in the scheme.

Caesars has also announced that growing its non-gaming business would represent a core part of its growth strategy. Earlier this spring the company announced that it would open two non-gaming resorts in major tourist draw Dubai.

The two properties will be part of the Bluewaters Island development, managed by Dubai’s state-run Meraas Holding. They will have 479 hotel rooms and multiple food and beverage and entertainment facilities. Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai, as the two non-gaming resorts are branded, are both slated to open doors in the fourth quarter of the year.

It also emerged this spring that Caesars was planning to open a non-gaming beachfront resort in Puerto Los Cabos in Mexico. The Caesars Palace-branded property will feature 500 hotel rooms, a 40,000-square-foot convention center, three restaurants, a spa and wellness center, and a number of other facilities.

Caesars’ local partner Grupo Questro is expected to break ground on what would be a $200-million development in the first half of 2019.

As it can be seen, the Las Vegas gaming and hospitality giant is looking to grow some of its major domestic brands, including Caesars Palace, internationally and beyond casino gambling. The global gambling and hospitality fields have become extremely competitive and keeping pace is a challenging task for any involved company. It is yet to be seen whether Caesars’ strategy to penetrate new markets and diversify its core operations would help it blunt the heavy competition.

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Amid growing competition and massive regulatory pressure in a number of jurisdictions, several major gambling companies have decided since the beginning of the year to undertake merger and acquisition moves. M&A deals have often proved a successful way to blunt competition and to offset the ill effects of regulations that might aim to improve the quality of service but sometimes produce the exact opposite effect.

The past nine months have seen some of the major players of the online gambling field look for and find partners to reduce the negative impact from changes of different nature in the global market. Here are several of the biggest deals that have been undertaken since the beginning of the year and how they are expected to change those involved in them as well as the global online gambling landscape.

Playtech announced in April that it had agreed to buy around 70.6% of the total issued share capital of Italian gambling company Snaitech S.p.A. in an initial acquisition deal. Under the terms of the agreement, the gambling tech giant agreed to make a mandatory takeover offer for the remaining shares in Snaitech after the completion of the initial acquisition.

The total purchase price was estimated at €846 million, which Playtech funded with existing cash resources and new debt facilities.

Snaitech generated revenue of €890 million and EBITDA of €136 million last year. The deal is expected to result in annual cost synergies of €10 million for the combined entity. The Italian company operates more than 1,600 betting points around the country. In addition, it also provides sports and horse race betting, online sports betting, and online casino games. Aside from its domestic market, Snaitech also operates in a number of other jurisdictions where it is fully regulated.

Playtech pointed out that the move was part of its newly implemented strategy to focus its business on regulated markets and reduce its reliance on unregulated markets. The company suffered a heavy blow following a massive gambling crackdown in Malaysia, which had previously been one of its key Asian markets. As a result, its share price has dropped more than 50% over the past year and it was forced to issue two profit warnings over that period.

The gambling tech giant, founded by Israeli businessman Teddy Sagi in the late 1990s, now hopes that the addition of Snaitech would help it diversify its geographical revenue and improve the quality of its earnings with a particular focus on regulated markets. It is to be seen whether that strategy will prove successful and will help Playtech leave the financial issues behind.

The Stars Group, owner of PokerStars, and Sky Betting & Gaming announced in April that they had agreed to complete a landmark transaction that would create a $4.7-billion online gambling behemoth with presence across multiple jurisdictions, massive customer base, and strong positions in key online gambling sectors, including sports betting in which The Stars Group has taken great interest over the past year.

The two companies said that the deal would produce $70 million of annual cost synergies, among other financial benefits.

The transaction was closed on July 11. However, a day later, the UK Competition and Markets Authority announced that it had opened a probe into the deal, without giving much detail about the nature of said probe. The ongoing investigation blocked the beginning of the integration of the two businesses and the transfer of ownership that needed to take place as part of the deal. They will have to wait until the completion of the CMA probe in order to be able to move forward.

Although the watchdog has provided limited details on the matter, it is believed that the investigation was launched due to concerns over the effects a deal of this scope would have on competition in the UK gambling market, which is currently SkyBet’s main market of focus.

The CMA published earlier this month the two sides of its initial enforcement order, which means that The Stars Group and SkyBet can start the planning process for their eventual integration. It is believed that the competition watchdog will release the full results of its investigation in October.

Once the deal is finally closed and the two businesses are successfully merged, The Stars Group will be able to use SkyBet’s experience in the online sports betting vertical to improve its own sports betting business. It is also important to note that the company is among the gambling giants looking to expand their geographical presence in the United States in as many states where sports betting is legal as possible.

The Stars Group currently operates a mobile betting app in the New Jersey regulated market, which it rolled out earlier this month. But it has long been clear that the company is looking to return to the US after it was shamefully banished from the nation after the Black Friday of US online poker back in 2011.

As for SkyBet, it will be able to extend its footprint in a number of jurisdictions after joining The Stars Group. The company currently operates in the United Kingdom, Italy, and Germany.

Australian online bookmaker CrownBet emerged in February as the winning bidder for William Hill’s struggling Australian business. The company, which was controlled by local casino operator Crown Resorts at the time, competed with the likes of bet365, Ladbrokes, and Paddy Power for William Hill Australia.

The final round of bids placed CrownBet against Paddy Power’s local business Sportsbet, but it was the former to win the bidding war. CrownBet agreed to buy William Hill’s ailing Australian operation for A$300 million.

It was announced at around the same time that The Stars Group had reached an agreement with CrownBet’s owners to acquire a 61% stake in the company. It then became clear that the Canadian gambling giant would actually acquire an 80% stake in a move that would allow it enter Australia’s regulated betting market.

The two deals resulted in the creation of the third largest licensed bookmaker in Australia. To mark the beginning of a new era, CrownBet announced in May that it would rebrand. It first picked Sportingbet as its new name, but Paddy Power’s Sportsbet contested its choice in court, arguing that the two brands were too similar and could confuse customers. The court sided with Sportsbet and CrownBet decided that it would eventually rebrand as BetEasy.

It is quite clear that The Stars Group is looking to cement its positions in the global sports betting market by entering as many regulated jurisdictions as possible. In Australia, in particular, the company might face certain difficulties as a result of the massive competition in the local sports betting industry and growing regulatory pressure, including the introduction of a point of consumption tax in almost all Australian states and territories.

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