admin, Author at W88club

Author Archives: admin

  • 0

Disgraced Casino Boss Steve Wynn Sues MassGaming over Use of Privileged Information

Category : News

Mr. Wynn seeks to stop the release of MassGaming’s investigative report into sexual misconduct allegations against him
Former casino boss Steve Wynn is suing Wynn Resorts and the Massachusetts Gaming Commission, arguing that the company he found has improperly provided the gaming regulator with privileged documents that the latter used for its probe into sexual harassment and misconduct allegations against the businessman.
The Massachusetts Gaming Commission opened an investigation into the disgraced tycoon after the publication of a report by the Wall Street Journal that detailed a “decades-long pattern of sexual misconduct” by Mr. Wynn. Dozens of former and current Wynn Resorts employees claimed that they had been subjected to unwanted sexual advances by the businessman and that he had used his power to pressure them into “performing sex acts.”
The WSJ report was published in January and the Massachusetts Gaming Commission launched an investigation into the matter shortly after. Wynn Resorts is currently building the $2.4-billion Encore Boston Harbor integrated resort in the Greater Boston area. The property is slated to open doors next summer, but at one point during the ongoing investigation its future seemed very uncertain.
It emerged on Thursday that Mr. Wynn and his legal team filed a lawsuit against Wynn Resorts and MassGaming in a Nevada court on Wednesday. It is important to note that the businessman has quit the company and has sold his entire stock in it since the publication of the WSJ report.
In his lawsuit from Wednesday, the embattled businessman argued that his former company had provided the Massachusetts gambling regulator with documents “reflecting communications protected by Mr. Wynn’s attorney-client privilege and/or the common interest agreements he entered with Wynn Resorts.”
The lawsuit filing further read that the MassGaming probe has been conducted with a total disregard for Mr. Wynn’s privileged communications. The lawsuit seeks to stop the publication of the regulator’s investigative report in case it contains privileged information.
The lawsuit not a surprise
The gaming regulator said in a statement that it was not surprised by the lawsuit and that it has retained legal representation in Nevada to defend itself and to block Mr. Wynn’s effort to prevent the publication of the investigatory report.
The Gaming Commission is expected to release a full report with its findings during a hearing in December. The regulatory body opened the probe back in February to find out whether the allegations were true, who knew about those, and how the issue was addressed.
There were suggestions earlier this year that Wynn Resorts could lose its license for the development and operation of its integrated resort in Everett, a city located not far from Boston. The company was one of two major gaming and hospitality operators to have been issued gaming licenses by the Massachusetts Gaming Commission, following the legalization of commercial casino gambling by the state Legislature a few years ago.
To distance itself from Mr. Wynn and the piling sexual misconduct allegations against the businessman, Wynn Resorts moved to change the name of its new resort from Wynn Boston Harbor to Encore Boston Harbor earlier this year.
News also emerged this week that Philip Satre will step in as Chairman of Wynn Resorts before the end of the year. Mr. Satre, a former Caesars Entertainment Corp. and Harrah’s Atlantic City CEO, is replacing D. Boone Wayson, who announced his retirement last month. Mr. Wayson was named as Non-Executive Chairman of the Las Vegas-based casino operator following the departure of Mr. Wynn in February.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Disgraced Casino Boss Steve Wynn Sues MassGaming over Use of Privileged Information appeared first on Casino News Daily.

Please follow and like us:

  • 0

Key Gambling Takeaways from the Midterms

Category : Events & Reports

Everyone with a microphone or a laptop called them the most important midterm elections in modern US history; the political event that would shape the remaining two years of Donald Trump’s Presidency by either weakening his power or further expanding it. But even though the future of one of the most controversial political figures of our time takes center stage in post-election comments and discussions, it should also be noted that the midterms will have a shaping and lasting effect on the nation’s casino and sports betting landscape.
The legal sports betting market has been expanding rapidly in the wake of the mid-May landmark ruling of the US Supreme Court that struck down a federal ban on wagering on professional and amateur sports. It is now up to individual states to decide whether they should legalize sports betting, but in some states the legalization process cannot happen without the approval of a majority of its voters.
Tuesday’s midterms saw Arkansas voters take to the polls to cast a vote on whether they wanted legal sports gambling, among other things. But aside from Arkansas, a few more states had casino- and/or betting-related measures on the ballot. In addition, the choice of a Governor in a few other states is poised to have a direct impact on gambling in those in the coming few years.
Here are several gambling-tinged takeaways from the 2018 midterm elections and what the results mean for the US gambling industry.
Florida Hands Gambling Decision to Its Residents
Amendment 3 was one of the most controversial and widely discussed measures on the 2018 Florida ballot. Titled Voter Control of Gambling in Florida, the initiative aimed to ensure that state residents were given the “exclusive right to decide whether to authorize” any proposals for gambling expansion on the territory of the state.
The measure was overwhelmingly approved with 5,572,528 ‘Yes’ votes cast to just 2,227,226 ‘No’ votes. This means that any proposed changes in the state’s gambling landscape will first have to be approved by a 60% majority of Florida’s electorate.
The initiative was spearheaded by the Voters in Charge ballot measure committee. The organization managed to collect the required number of signatures early this year after a long lobbying campaign. Lobbying efforts continued throughout the year and those included several big corporations pouring significant amounts of money in support of the measure.
Here it is important to note that Amendment 3 was promoted as an initiative that aimed to restore voters’ control over casino gambling and gambling as a whole. That control had belonged namely to voters for decades after gambling had originally been legalized on the territory of Florida. It was only a few years ago when state lawmakers assumed control over gambling-related decisions.
Amendment 3 could not have succeeded without its major donors, which most notably included Disney Worldwide Services Inc. and the Seminole Tribe of Florida, which owns and operates casinos across the state. Each of the two gave in excess of $20 million ahead of the midterm elections to lobby for the passage of the proposed amendment.
And each of them have interest in having voters decide on the future of gambling in the state. The Florida Legislature has been trying to expand the local gambling industry, a move that would impact negatively both Disney and the Seminoles’ operations.
Now, as it is up to voters to decide on such matters, the two corporations will be able to lobby against expansion efforts – Disney in a bid to keep its tourism dominance across the state and the Seminole Tribe to keep its casino preeminence. The Seminoles are currently the exclusive operator of table games in the state, generally known to be among the most popular and highest grossing gambling activities not just in Florida but globally.
The Amendment 3 opposing camp was prominently backed by the Miami Dolphins. The NFL franchise got a little bit political in the months ahead of the November 6 elections, quietly spending money on lobbying against the initiative. The Dolphins eventually got a bit vocal on the matter on Monday. In a Tweet from that day, the team urged Florida residents to vote ‘No’ as the amendment’s passage would effectively put an end to sports betting legalization hopes.
Arkansas Voters Approve Casino, Sports Betting Expansion
In Arkansas, residents voted on and passed Issue 4, a constitutional amendment that authorizes the state Racing Commission to issue four casino licenses in four different counties. The initiative could also see the state soon join the ranks of those that offer legal sports betting. The proposed amendment passed by a significant 54.1% to 45.9% margin.
Here it is important to note that with Arkansas being among the nation’s horse racing hotbeds, the legalization of wagering could create a very promising market.
In addition, Issue 4 was promoted as an initiative that aimed to prevent Arkansas from losing gambling money to neighboring states, most prominently from Mississippi. According to statistics from the latter state’s gambling regulator, residents of Arkansas made more than 1.14 million visits to casinos across Mississippi in 2017. In addition, the latter legalized sports betting following the Supreme Court’s ruling and several of its casinos now operate sports books.
A study conducted by the Arkansas Economic Development Institute at the University of Arkansas at Little Rock claimed that the approval of Issue 4 could result in an economic impact of $5.8 billion for the state over a ten-year period and would create more than 6,000 jobs. As mentioned earlier, the measure now enables the Racing Commission to grant four casino licenses for the provision of full-scale gaming options as well as of sports betting services.
The Oaklawn Racing & Gaming and Southland Gaming and Racing already hold licenses for electronic games, but as Issue 4 was passed, they will be able to obtain casino licenses, as well.
The ballot measure was proposed by the Driving Arkansas Forward initiative. The group had quite some challenges in its bid to put Issue 4 on the November 6 ballot. The measure was rejected by state Attorney General Leslie Rutledge several times due to its wording and other issues spotted by the official. It eventually received the necessary approval in May. Driving Arkansas Forward then had to gather 84,859 valid signatures in order to have its proposal added on the ballot.
Louisiana Could Soon Offer Legal Daily Fantasy Sports
Daily fantasy sports contests have gained quite some popularity over the years, with DraftKings and FanDuel being the absolute rulers of that nascent market. Among other things, Louisiana voters were given the opportunity to voice their opinion on DFS at the midterm elections.
Unlike in other states, the Louisiana DFS initiative had one major complication. Instead of a statewide approval, DFS contests will only be legal in those of the state’s 64 parishes that voted ‘Yes’ on Tuesday. The measure was passed in 47 parishes.
However, it will be a little while before DFS services go live in the state. Lawmakers will have to draft and approve a legislation that will set out the regulations under which the nascent industry will operate.
While the DFS vote does not have any direct impact on the potential legalization of sports betting in Louisiana, analysts believe that it can be indicative of how residents feel about legal wagering. State lawmakers failed to act on sports betting this year but have promised that at least one bill on the matter would be tabled during next year’s legislative session.
What Do Illinois, Ohio, and Georgia’s New Governors Think of Expanded Gambling?
Democrat J.B. Pritzker toppled first-term Republican Governor Bruce Rauner in the Illinois gubernatorial race. Gambling expansion has long been a topic broadly discussed by state lawmakers, but efforts for the addition of more gambling options to Illinois’ existing market have traditionally failed in the Legislature.
While sports betting was not a main issue in Governor-elect Pritzker’s campaign, he has indicated earlier this year that he would support its legalization. Mr. Pritzker has told local media that betting has proved to be “a revenue generator” and that it should be regulated with the right laws in place.
Ohio also elected a Governor who has shown support for sports betting. Republican Mike DeWine, who has served as the state’s Attorney General since 2011, won the elections Tuesday. Commenting on the mid-May SCOTUS ruling, Mr. DeWine said earlier this year that while he was not a fan of gambling, he would support the creation of a well-regulated sports betting industry in Ohio.
In Georgia, efforts for the legalization of casino gambling have been launched on multiple occasions. But those have all failed, despite promises of major economic impact from the construction of destination resorts with casino floors in the state, including a mega-resort in Atlanta.
Republican candidate Brian Kemp will take over as the state’s new top official early next year. Mr. Kemp has previously said in comments during his campaign that he would oppose any casino legalization proposals if he won the race. State lawmakers have revealed plans to table casino bills next year, so it is yet to be seen whether any future efforts will succeed with Mr. Kemp heading the Legislature.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Key Gambling Takeaways from the Midterms appeared first on Casino News Daily.

Please follow and like us:

  • 0

Casino in Saudi Arabia News

Category : Uncategorized

Casino in Saudi Arabia News! In 2015, there were rumors of the first casino in Saudi Arabia located in Jeddah. This casino, which came to light thanks to photos of Arab men playing around a table, was a great incentive in the local and international news to discuss the state of gambling in this Arab country. However, the reality was very different. It wasn’t really a casino, but a Baroot group.
Gambling in Saudi Arabia is still hampered by religious policies. But that doesn’t stop online casinos.
The gambling laws in this country are demanding on conventional casinos, but they don’t mention the platforms on websites and apps. Although the authorities intend to overthrow the digital servers, it is much easier to find hundreds of alternatives to play online Arab casinos than a hotel-casino in Saudi Arabia.

#
Casino
Rating
Bonus
Bonus Code

1

Read Review
888Casino Bonus

Use Link

Visit

2

Read Review
up to $ 1000

Use Link

Visit

3

Read Review
up to $ 500

Use Link

Visit

Play whatever you want in a real casino in Saudi Arabia
Casino news doesn’t lie. There are plenty of online sites like Casino Saudi Arabia  where you can play as many pokers, roulette, and baccarat games as you want. And all from the comfort of your computer, tablet or smartphone! With just the internet and a VPN, you can access the games you like the most from your home or office.
Saudi Arabia has been updating itself little by little. Despite all the prohibitions, it is now possible to enter gaming tables and bet real money, in real time.
When you enter, you will receive juicy welcome bonuses so you can try your luck before you pay. To collect your prizes, all you need to do is affiliate to the payment method that suits you best, whether in your local or foreign currency, using credit cards, transfers or electronic wallets.
Casino in Saudi Arabia News
Entertainment in Saudi Arabia like never before! Find alternatives to play at arab online casinos with a very friendly and helpful customer support in Arabic!
The news about online casino in Saudi Arabia are many and suggest a lot of different sites. Our job is to help you choose the one that best suits you. We rank and classify gambling websites in Arabic, and your job is simply to test them all!
On a monthly basis, we are working to provide you with the most complete news about online casinos in Saudi Arabia. Are you going to miss out on this golden opportunity? Don’t miss this super shot of luck roulette and start playing with real money.

#
Casino
Rating
Bonus
Bonus Code

1

Read Review
888Casino Bonus

Use Link

Visit

2

Read Review
up to $ 1000

Use Link

Visit

3

Read Review
up to $ 500

Use Link

Visit

The post Casino in Saudi Arabia News appeared first on Casino Saudi Arabia.

Please follow and like us:

  • 0

Luis Henrique Kamei Wins Latest Kings Series of Poker Main Event

Category : Lifestyle

Poker pro Luis Henrique Shinike Kamei claims a first-place prize of R$190,000 and the champion bracelet
Kings Series of Poker (KSOP) has crowned its latest Main Event champion only a few days ago. This year’s sixth installment of one of Brazil’s most popular poker series took place from October 31 through November 6 at Actuall Convention Hotel in the city of Belo Horizonte.
The festival featured 26 tournaments and the four-day Main Event was the star of the series. The tournament attracted a massive field of 717 entries who eventually crashed the guaranteed prize pool of R$1 million to generate R$2.1 million in prize money.
Poker pro Luis Henrique Shinike Kamei was the player to emerge as the victor of the Main Event and to be awarded the tournament trophy and a first-place prize of R$190,000. Kamei also received the shiny champion bracelet to remember his participation and eventual win in the series.
The Main Event featured five starting flights and three more days of action. After certain ups and downs throughout the days, Kamei eventually entered the final table of the Main Event as the chip leader. He maintained his advantage for quite a while, but eventually entered the heads-up match, the final stage of the game, as the player holding the smaller stack.
Action-Packed Heads-Up
Kamei faced Tiago Toscano in the final two-handed match. Despite his initial disadvantage at the start of the duel, an important hand helped Kamei improve his situation and eventually build a formidable stack.
And on what turned out to be the final hand in play, the two players got it all in on the flop. Kamei had the advantage at that point and the blank turn and river cards did little to help his opponent move ahead. As mentioned above, Kamei collected R$190,000 from the Main Event’s prize pool, while Toscano had to settle for R$120,000.
Here it is important to note that at some point during three-handed play, Kamei, Toscano and Guilherme Gomes, the third-place finisher in the tournament, agreed to strike a deal and split what had left of the prize pool. Gomes took home R$150,000.
Kamei is a familiar name across Brazil’s poker community. The player started playing poker in 2006. In his post-victory interview, he said that he got into the game by watching it on television. He then began buying books and studying its fundamentals together with his brother. Kamei initially played poker online. Then he moved to Curitiba and that was when he developed a real passion for the game, the player recalled.
Of becoming the latest KSOP champion, Kamei said that the feeling was incredible. The winner thanked his rail and dedicated his latest poker title to his family and his girlfriend.
The Belo Horizonte festival was actually the final leg of this year’s edition of the KSOP. As mentioned earlier, the major poker event featured 26 tournaments that were played over the course of the past week.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Luis Henrique Kamei Wins Latest Kings Series of Poker Main Event appeared first on Casino News Daily.

Please follow and like us:

  • 0

Puerto Rico Could Move to Legalize Sports Betting

Category : Events & Reports

Puerto Rican lawmaker tables two sports betting bills aimed to boost the nation’s casino industry
Legal sports betting could soon arrive to Puerto Rico if two bills on the matter gain the necessary approval by the island nation’s government, local news outlets reported earlier this week.
Both pieces of legislation were introduced by Representative Néstor Alonso Vega, a legislator from the New Progressive Party (Partido Nuevo Progresista, PNP) and President of the House Commission of Tourism and Social Welfare.
Puerto Rico’s move towards legal sports betting comes after the US Supreme Court struck down a long-standing ban on wagering on professional and amateur sporting events, commonly known as PASPA. Several US states have already moved to legalize and launch sports betting services, including New Jersey which was the state to lead the anti-PASPA effort. The state’s casinos and racecourses recorded “stunning” results in September, handling $183.9 million in wagers.
Puerto Rico is an unincorporated United States territory, located approximately 1,000 from the US East Coast. Encouraged by the buzz that sports betting has created across North America, the tiny island nation is now looking to create its own regulated sports betting industry.
As mentioned earlier the legislative push is led by Rep. Alonso Vega, who believes that the passage of his two bills and the legalization of sports betting at Puerto Rico’s casinos could bring additional revenue of $20 million to the gambling venues.
Details about the Two Bills
Rep. Alonso Vega’s pieces contain provisions about the legalization, regulation, and taxation of wagering at the nation’s casinos. Under the bills, 20% of gross income from sports betting would be contributed to Puerto Rico’s retirement system, while 80% would remain for casinos that provide the services.
The two bills also provide for the legalization of Internet gambling. If approved, the two legislations will thus allow Puerto Rico’s bettors to place wagers via desktop or their mobile phones. In order to be able to do so, they will have to register with the nation’s gambling venues as these will host the Internet wagering services. In comments regarding his effort to legalize betting, Rep. Alonso Vega has said that the move would boost the local land-based casino industry.
However, the industry itself has expressed doubts that wagering is what it needs. According to Miguel Vega, President of local hotel and casino developer and operator HI Development, Puerto Rico’s gaming market is already saturated and will not see any significant gains if sports gambling becomes legal. Mr. Vega is a former Chairman of the Puerto Rico Hotel & Tourism Association (PRHTA).
The Association is set to present Rep. Alonso Vega with a study on the current state of the nation’s casino industry and the potential benefits it could reap from the legalization of sports betting. The two sports betting bills have up to later today to be discussed and approved by the Puerto Rico government as it is the last day of its ordinary legislative session. In previous comments, Rep. Alonso Vega has expressed confidence in the success of his legislations.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Puerto Rico Could Move to Legalize Sports Betting appeared first on Casino News Daily.

Please follow and like us:

  • 0

Genting Malaysia to Review Marketing Expenditure as New Casino Tax Hits Stock

Category : Events & Reports

Genting Malaysia to review marketing expenditure ahead of the introduction of a higher casino tax
Genting Malaysia Bhd is moving to assess the full implications of the recently introduced increase in annual casino license fees and gambling taxes, the gaming and hospitality company said today in a filing to Bursa Malaysia.
Malaysian Finance Minister Lim Guan Eng introduced the country’s 2019 budget plan this past Friday. Stricken by financial scandals and growing budget deficit, Malaysia will implement higher casino and gaming machine license fees as well as higher taxes on those operations as part of its effort to mend its ailing economy, it became known last week.
Under the new budget plan, casino operators will be required to pay a MYR150-million annual license fee, up from MYR120 million. In addition, land-based casinos will be taxed at 35% on their annual gross income from January 1, 2019, when the reforms are set to take force.
Slot machine operators in Malaysia will have to pay an annual license fee of MYR50,000, up from MYR10,000. Their operations will be taxed at 30% on annual gross proceeds from next year, up from the current rate of 20%.
Looming Review of Marketing Expenditure
In today’s filing, Genting Malaysia said that it is assessing the implications of the new tax regime and that it will “take the appropriate next course of action which includes a review of its marketing expenditure and cost structure” in a bid to mitigate the imminent impact of the new tax and license fee.
Genting Malaysia operates the Resorts World Genting integrated resort in its homeland. The property is located on the peak of Mount Ulu Kali not far from the Malaysian capital, Kuala Lumpur. Among multiple other facilities, the property features a full-blown casino with slot machines and gaming tables.
The company’s shares closed at a three-year low on Monday in a knee-jerk reaction to Friday’s introduction of the new budget plan. The stock has improved since then, closing at MYR3.64 today for a market capitalization of MYR20.579 billion (approx. $4.9 billion).
First reports about Malaysia’s plans to increase gambling taxes and licensing fees emerged in October. Back then, analysts from two research houses pointed out that Genting Malaysia would not suffer any major negative impact from a potential implementation of higher rates. According to Nomura International and Maybank Kim Eng Research experts, the planned opening of new attractions at Resorts World Genting next year would help the company weather any looming reforms.
The gaming and hospitality operator has previously unveiled plans to add 1,500 hotel rooms at its resort as well as the 20th Century Fox World and the Skytropolis theme parks. Genting Malaysia has also pointed out that it targets 30 million visits at the property by 2020. Resorts World Genting welcomed around 22 million visitors last year.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Genting Malaysia to Review Marketing Expenditure as New Casino Tax Hits Stock appeared first on Casino News Daily.

Please follow and like us:

  • 0

NT Racing Regulator Channels UK Gambling Commission, Raps Betfair for Responsible Gambling Failures

Category : News

Betfair was ordered to refund problem gambler after failing to spot “red flag behaviours”
Gambling operator Betfair, owner of the world’s biggest online betting exchange, was scolded by regulators in Australia’s Northern Territory for failing to identify “red flag behaviours” that showed a customer of the company had a serious gambling problem.
Betfair’s failure to spot its customer’s issues resulted in the latter losing hundreds of thousands of dollars within a few hours. The Northern Territory ruled that the company should refund the customer in question, described as Mr M in official documents, the amount of A$150,000 in “unlawful bets.”
The Commission’s ruling was issued last week and was concerned with a case dating back to February.
The Case
Mr M filed a dispute with the NT Racing Commission after gambling away more than A$190,000 within a few hours on Betfair’s website. Betfair is licensed in the Northern Territory to provide betting services to Australian customers and the local Racing Commission is the regulatory body that oversees the company’s activities.
According to official documents, Mr M requested on February 20, 2018 to have A$150,000 transferred from his Betfair betting account to his bank account after losing a significant amount of money on that day.
However, he managed to gamble away A$86,388 that had remained into his betting account a little over 20 minutes after making his initial request. The unfortunate bettor topped up his Betfair account with A$35,000 four hours later and gambled that amount within 47 minutes.
Mr M has told the NT Racing Commission that in what he has described as a “desperate mindset” he asked the gambling operator to reverse his earlier withdrawal request so that he could once again top up his betting account with A$150,000. The customer was initially told that a reversal of withdrawal request could not be canceled. However, after Mr M made several more calls to the company, a manager agreed to have his withdrawal request reversed in a one-off move. The gamble lost that A$150,000, too.

The Ruling
The NT Racing Commission has ruled that Betfair should refund Mr M the A$150,000 he had initially asked to be transferred to his bank account. The regulator has also said that Betfair clearly failed to detect a problem gambler, even though there were red flags that the customer the company was dealing had a gambling problem.
In addition, it came to the commission’s knowledge that Mr M had a history of problem gambling. The unnamed gambler self-excluded himself from gambling for six months in 2014 and had a one-month timeout on his wagering account in 2016.
In January 2018, a month before the February 20 incident that led up to his complaint with the Racing Commission, Mr M tried to have a A$40,000 withdrawal request reversed. However, his request was dismissed over “responsible gambling” considerations.
Betfair has told the commission that it could not have known that Mr M had gambling issues as he had never informed the operator about his problem and that it did not spot any “discernible indicators” in his gambling activity.
In its ruling, the regulator has said that Betfair failed to comply with existing gambling regulations and to detect “red flag behaviours”, and that if it had not failed to detect those, it would have suspended Mr M’s account and would have prevented him from losing a huge amount of money.
Aside from being ordered to refund its customer, Betfair was also fined A$13,175. That was the third time in the past year and a half that the gambling operator breached conditions of its license from the Northern Territory, the commission has noted in its ruling.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post NT Racing Regulator Channels UK Gambling Commission, Raps Betfair for Responsible Gambling Failures appeared first on Casino News Daily.

Please follow and like us:

  • 0

Who Won at the 2018 World Series of Poker Europe

Category : Lifestyle

Jack Sinclair and Czech super star Martin Kabrhel among the biggest winners at this year’s WSOPE
The 2018 edition of the World Series of Poker Europe is now in the books. The popular poker event has found a permanent residence at King’s Casino in Rozvadov, Czech Republic, and took place from October 9 through November 2, offering a month full of quality poker action and hefty monetary prizes alongside shiny WSOP gold bracelets, the most coveted poker trophy there is.
This year, the WSOPE festival featured ten gold bracelet tournaments that offered more than €13 million in guaranteed prize money. As many as 876 players were awarded payouts from those ten events. Some of those lucky players were prominent poker pros, while the others were less familiar to the global poker scene, but they all showed great poker skill and poured great effort into running deep into the tough fields of the latest WSOPE.
And here are the winningest players at this year’s edition of the popular tournament poker festival.
Englishman Jack Sinclair Wins the Main Event
Sinclair is a player with quite some experience on the felt. But his latest accomplishment is his best so far. The player topped a stacked €10,350 Main Event for a first-place prize of €1,122,239 and his first-ever WSOP gold bracelet.
Sinclair emerged as the victor from a field of 534 entries, slightly up from last year’s 529-strong field. The event started off with a guaranteed prize pool of €5 million, but that guarantee was eventually surpassed and the final prize pool amounted to €5,034,000. The money was split into payouts for the top 81 finishers.
Hungary’s Laszlo Bujtas was the Main Event champ’s heads-up opponent. The player took home €693,573 for his runner-up finish. Bulgaria’s Krasimir Yankov rounded out the podium, receiving a cash prize of €480,028.
Czech Republic’s Martin Kabrhel Takes Down the Super High Roller
Kabrhel added another hefty payout to his constantly lengthening list of accomplishments. The player was the last man standing in the €100,000 buy-in Super High Roller to collect his second gold bracelet from the WSOP Europe series and his career’s best live cash of €2,624,340.
The WSOP Europe Super High Roller was utter success. The event featured a €5-million guaranteed prize pool but its field of 95 seasoned high rollers totally smashed the guarantee. A prize pool of €9.025 million was eventually generated and the top 15 players were treated to a share of the money.
The likes of Steffen Sontheimer, Steve O’Dwyer, and David Peters were among those to scoop a payout from the tournament. And all three of them are boasting impressive poker portfolios, to say the least. It was in fact Peters whom Kabrhel had to defeat heads-up. The US poker pro eventually collected €1,621,960 from the major tournament.
It is also interesting to note that Kabrhel almost won another €100,000 high roller at King’s Casino only a couple of days after his triumph. The player finished runner-up to Malaysia’s Seng Leow in the non-gold bracelet €100,000 Leon’s High Roller for €773,457 in prize money.
Michael Addamo Triumphs in €25,500 High Roller
Australia’s Michael Addamo was the star of the WSOPE €25,500 High Roller. The player beat a field of 133 for a cash prize of €848,702 and his second WSOP gold bracelet. He claimed his first piece of WSOP jewelry this past summer when he was crowned the victor of the $2,620 Marathon event.
The €25,500 High Roller at King’s Casino featured a guaranteed prize pool of €1 million. However, the guarantee was more than tripled to be split among the top 20 finishers. Christian Rudolph from Germany took home the second-place prize of €524,532, while France’s Benjamin Pollak rounded out the podium for a cash prize of €370,219.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Who Won at the 2018 World Series of Poker Europe appeared first on Casino News Daily.

Please follow and like us:

  • 0

“Conservative” Japan Might Prove a Challenge for Macau’s Casino Operators, Legal Expert Says

Category : Events & Reports

Macau’s casino operators will initially come across serious challenges in their bidding for a casino license in Japan, a legal experts believes
Chinese casino operators might initially face certain setbacks when the race for three gaming licenses in Japan officially begins, according to Japanese legal expert, Hayato Terai. Mr. Terai was appointed earlier this year as the Co-CEO of GanaEight Coin, a blockchain project launched by online slot game developer Ganapati.
Mr. Terai spoke with the Macau News Agency (MNA) during the ongoing Asia Gaming Summit in Taipei, Taiwan where he was invited as a speaker.
The legal expert believes that Macau’s gaming and hospitality companies might face difficulties obtaining licenses for the development and operation of integrated resorts under Japan’s newly adopted gambling legislation. He told the MNA that his homeland “is very conservative so for [Macau gambling companies] to come in it might take a while.”
On the other hand, the legal expert said pointed out that the case will be completely different for Chinese gamblers and that they will certainly be welcome in Japan. The Japanese Diet passed this past summer the Integrated Resort Implementation Bill, a piece of legislation setting out the rules and principles under which the nation’s first integrated resorts with gaming floors will be operated.
Among other things, the bill contains provisions regarding the access to Japanese nationals to the casinos. Under the piece, residents of the country will only be allowed ten casino visits per month and will have to pay an entry fee of JPY6,000 (approx. $53). The measures aim to prevent an extreme rise in the number of people affected by problem gambling.
Mr. Terai noted that as Japanese nationals will only be able to gamble at the nation’s casinos under certain restrictions, customers from outside the country, particularly ones from China and the US, will be the main clientèle targeted by the venues.
Nobody Has Run a Large Casino in Japan
The Japanese attorney said that while Macau casino operators might face challenges in the race for the casino licenses, their expertise in operating large integrated resorts will eventually place them in an advantageous position. Casino companies will also have advantage over Japan’s pachinko companies, many of which have, too, expressed interest in participating in the casino license bidding process.
Mr. Terai said he found it funny how Japanese have a bad image of gambling, even though gambling is practically everywhere in the country and will be there “for a very long time in the future.” While most forms of gambling are illegal in Japan, there are several locally popular gambling options, including the pinball-like pachinko gaming machines.
In fact, the pachinko sector has been the one to be blamed the most for Japan’s soaring gambling addiction rate. According to a government-commissioned study from last year, 3.6% of Japanese have been found to have been addicted to gambling at some point in their lives, which is higher than the 1%-2% average in most of the other developed countries.
Under Japan’s IR implementation bill, three casino licenses will be issued by the government. Lobbying by major international gaming companies interested in the nation’s nascent casino market has already begun, although the licenses are expected to be granted in about a year from now.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post “Conservative” Japan Might Prove a Challenge for Macau’s Casino Operators, Legal Expert Says appeared first on Casino News Daily.

Please follow and like us:

  • 0

Delayed Action in Queensland Sets Back Launch of Australia’s Nationwide Gambling Self-Exclusion Scheme

Category : Events & Reports

The National Consumer Protection Framework is not quite ready to be rolled out as Queensland is yet to vote on it
The rollout of a nationwide self-exclusion system for Australians trying to quit online gambling is set to be delayed because of Queensland, as the state has remained the only Australian jurisdiction that is yet to approve the proposed measures, news outlet the Sydney Morning Herald reports.
The self-exclusion scheme has been in the works for over three years and aims to help people with problem gambling behavior and gambling addicts quit gambling on the nation’s licensed betting websites.
All other Australian states and territories have officially agreed to introduce the self-exclusion system, but Queensland legislators are yet to vote on it which will imminently delay the introduction of the proposed reforms across the nation.
The scheme, known as the National Consumer Protection Framework, includes a new set of tools and standards intended to curb problem gambling and strengthen existing consumers protections within the online betting space. Aside from a self-exclusion tool allowing gamblers to ban themselves from gambling on licensed websites and apps, the framework also includes a voluntary pre-commitment system allowing bettors to set their own betting limits as well as a nationwide ban on bookmakers to provide “inducements” to lure customers into registering with their websites.
Queensland Delaying the Process
As mentioned earlier, Queensland has remained the only Australian jurisdiction that is yet to approve the National Consumer Protection Work. It is understood that the federal government has been urging Queensland Attorney General Yvette D’Ath table the responsible gambling measures to the state’s government and press for quick approval of those.
A spokeswoman for Ms. D’Ath has told the Sydney Morning Herald that the Queensland government has been working on its own problem gambling framework that will also be consistent with the nationwide scheme. State lawmakers have informed the Attorney General’s office that both frameworks will be finalized by the end of the year, the spokeswoman has added.
Lauren Levin, Policy Director at Financial Counselling Australia, has been among the most active lobbyists for the responsible gambling reforms. In recent comments, she has said that the implementation of the nationwide self-exclusion program is “desperately needed” and “urgent” and that the government should make it its priority.
The proposed measures have received support from Australia’s largest bookmakers, including Tabcorp, Sportsbet, BetEasy, bet365, Ladbrokes, and Unibet.
Lobbyists are pressing for urgent reforms in the nation’s responsible gambling policies at a time when studies are showing that Australians are the spendiest gamblers in the world. According to the latest data published by the Queensland Government Statistician’s Office, Australian gamblers wagered A$209 billion in 2016/2017, up 0.7% from the prior year. In addition, one of the latest snapshots of problem gambling in Australia, provided by the Australian Gambling Research Centre, shows that around 7.5% of the nation’s population, that is around 1.4 million people, are experiencing a low, moderate, or high level of gambling harm.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Delayed Action in Queensland Sets Back Launch of Australia’s Nationwide Gambling Self-Exclusion Scheme appeared first on Casino News Daily.

Please follow and like us: