The long-held myth that casino patrons are somehow able to detect slot machine payout percentages has reportedly been shattered by a pair of researchers following the completion of a nine-month study involving two pairs of machines in Australia.According to a Monday report from the University of Nevada, Las Vegas (UNLV) published by Phys.org, the investigation looked at the performance of matching Tokyo Rose and Dragon’s Fortune X games inside a suburban ‘locals’ casino in Sydney.The long-term experiment purportedly involved varying the amount of player cash ultimately kept by the machines between 14.93% and 7.98% before later working out each unit’s ‘T-win’ value.The amount of cash an individual machine keeps over a certain period of time is reportedly often referred to as its ‘par’ while the ‘T-win’ assessment involves multiplying this value by the unit’s coin-in rate.The investigation was purportedly led by Anthony Lucas from UNLV’s William F Harrah College of Hospitality and the former gaming industry operations analyst stated that this value is of particular importance to casinos that may be looking to optimize slot revenues.“I think some operators are naturally and understandably cautious of new information that challenges traditional industry practices.
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The mixed-game tournament movement has been on the rise over the last several years, but one players who has been firing them for well over a decade is Brian Hastings.for a big payday worth $233,202 and his fourth career World Series of Poker gold bracelet.Of his four bracelets, Hastings has won three of them in a mixed-game format, with the fourth one being in the Heads Up No-limit Hold'em Championship.Additionally, Hastings has made eight WSOP mixed-game final tables in his career, with the latest being a runner-up finish earlier this summer in Event 65: $10,000 Pot-Limit Omaha Hi-Lo 8 or Better for $286,570 after losing head up to Nick Schulman.Hastings' live earnings currently sit at just over $3.7 million, but his online results, namely in cash games, are much higher.Between his live and online results, Hastings has arguably marked himself as one of the best and most well-rounded players in the game.
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South African racing and sports betting operator Phumelela Gaming and Leisure saw its shares tank after warning investors that it couldn’t pay its debts.Last Friday, Phumelela issued a statement confirming previous guidance that trading conditions “were very difficult and were not expected to improve” in the near future.The company warned that its earnings in the fiscal year ending July 31 were guaranteed to be at least 20% lower than the year before.Worse, the company says it’s “in breach of covenants in respect of its R300m (US$21.5m) in borrowings” but Phumelela execs “are in regular contact with banking executives” to keep them apprised of the situation.Phumelela, which issued no interim dividend when it revealed its fiscal H1 report earlier this year, said Friday that it “is in no position” to issue a final dividend for the year.Predictably, already skittish investors triggered their ejection seats.
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Three echoes from the caves of partypoker including news of POWERFEST X, a terrible Sunday, and a deep run from the boss.It’s the second time POWERFEST has bathed in 2019 neon light, and the first time partypoker has held the event in the summer.It’s still way down on the $40m GTD in POWERFEST’s May 2018 outing.The busiest day of POWERFEST X is the last, with eight Championship Events, four in Progressive Knockout (PKO) and four in Pot-Limit Omaha (PLO), and two Super High Rollers, taking place on Sunday, August 11.19:00 (BST): $2,100 buy-in, $750,000 GTD PKO.Technical issues spoil Sunday fun day
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Macau’s casino sector saw the mass market gaming surpass the VIP segment for the second quarter running as Chinese tycoons struggle under an ongoing trade war.Figures released Tuesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show market-wide gaming revenue hit MOP73.5b (US$9.13b) in the three months ending June 30, around 0.5% below the same period last year.The sum for the first half of 2018 is MOP149.9b, also down less than 1% year-on-year.While the overall numbers may be static, the big story is the continued decline of the VIP gaming segment.VIP baccarat brought in MOP34.6b in Q2, down 15.8% year-on-year and down nearly 7% from Q1 2019.VIP’s share of Q2’s overall pie was 47.2%, down 1.7 points from the previous quarter, which was the first in which the lowly mass market eclipsed its flashier VIP cousin.
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Deyra sent 671 entrants back to poker’s Stone Age deploying the perfect blend of perseverance, patience and pure poker needed to break one’s WSOP bracelet virginity.David Gonzalez and Guillaume Nolet dominated the chip counts with five remaining.In March, Leonard won a No-Limit Hold’em Six-Max event at partypoker MILLIONS South America, and has followed that up with seven cashes at this year’s series including two final tables, as well as making the final table of a $10,000 Aria High Roller.Deyra made up the difference, and Leonard was delighted to see his KcJs dominate Ks9h, only for a second nine on the flop to send the French rail into a rapture, and the English rail into a stammer.The final hand saw Deyra limp from the small blind and Gonzalez check his option.The action checked through to the turn on a board of 8d4s4cKc, and Deyra called a 200,000 Gonzalez bet.
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In Vegas, playing cards, and it’s too cold for a Polar Bear.A resurrected Stan Lee sits in Seat 1, showing the Asian player in Seat 2 photographs of his boy while his Cherry Bakewell flavoured chapstick protects his cards.The conversation is on ‘poker commentary’, and the feeling is unanimous amongst the nine recreational players.On it, he’s been ‘on it’, making money in six events, either side of his sixth-place finish in the World Poker Tour (WPT) Tournament of Champions.But I won’t put the little monkey hat on and dance around for you or them.It’s still an incredible sweat.”
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Day 9 of the World Series of Poker Main Event concludes with two more eliminations bringing an 8,569 player field down to only three with hopes of winning the $10m first prize.Ensan was ahead with pocket tens facing ace-jack, but a jack in the window and another on the turn gave the Italian hope that there would be more to life than a fifth-place finish.PokerStars employee, Garry Gates, began as the overwhelming fans favourite and was nestled snugly behind Ensan, second in chips, after a fantastic Day 8.With blinds at 800k/1.6m/1.6m, Garry Gates opened to 3.5m from the button, and Ensan defended the big blind.The final card was the Ts; Ensan led for 8.9m, Gates raised to 24.5m, and Ensan called.Gates showed AdTc for the bluff, and Ensan showed Ks9s for top pair, giving him more than 50% of the chips in play.
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In Massachusetts and the recently-opened Encore Boston Harbor reportedly chalked up gross gaming revenues of slightly over $16.7 million during its first week in business to contribute almost $4.2 million to the eastern state’s coffers.According to a report from CalvinAyre.com citing official figures from the Massachusetts Gaming Commission, the $2.6 billion venue from Wynn Resorts Limited opened on June 23 with its first-week figure well surpassing the $9.5 million recorded by the rival MGM Springfield for that facility’s own initial seven days in late-August.To make matters worse for the Springfield property from MGM Resorts International, CalvinAyre.com reported that it had detailed slightly in excess of $19.9 million in gross gaming revenues for the entirety of June, which was just about 18% more than Encore Boston Harbor had managed to record after only one week in business.The official figures reportedly furthermore showed that Massachusetts collected approximately $15.8 million in taxes from its three casinos in June to take its historical tally up to $387 million.This had moreover purportedly included around $4.9 million from MGM Springfield as well as the roughly $6.6 million paid by the slots-only Plainridge Park Casino, which is operated by Penn National Gaming Incorporated, off of its own monthly gross gaming revenues of about $13.5 million.CalvinAyre.com reported that Encore Boston Harbor is following a tried and tested strategy from Wynn Resorts Limited in being marketed towards more upscale gamblers.
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Innovative game provider Evoplay Entertainment is preparing to attend iGB Live!in Amsterdam this week and will be showcasing a brand new RPG slot game.Dungeon is quite unique as it offers a classic slot style in immersive gaming style, with a completely new experience to be enjoyed.The new game blurs the line between standard slot games and RPG titles, providing something that has never been seen before.Dungeon takes players on an adventure with a movie-style plot featuring the game’s hero.Upon loading the game, players are the main character.
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Malta-based provider of slots games and casino content, Yggdrasil Gaming, is turning up the heat with its Summer Fiesta campaign.The exciting 10-day extravaganza will run from August 8th to the 18th.During that time, a total of €60,000 will be given out to players who participate in a ‘special jackpot-drops-and-mission campaign’ that will run across a broad range of the innovator’s award-winning slots.According to the official press release…Jackpot drops ties together the popular prize drop tool with Yggdrasil‘s jackpot game launched in May, Jackpot Raiders, along with the classic Holmes and the Stolen Stones, and Ozwin’s Jackpot.Part one of the campaign consists of players placing a bet in their choice of one of the above-mentioned participating games for the chance to trigger one of many cash rewards including three ‘whopping jackpot prizes’.
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Despite opening less than a month ago and the new Encore Boston Harbor is reportedly already being taken to court by a group of players angered at the way it is allegedly operates its slots and games of ‘6 to 5’ blackjack.According to a Monday report from The Boston Globe newspaper, the $2.6 billion property from Wynn Resorts Limited began welcoming punters to its 210,000 sq ft casino from June 23 and managed to chalk up impressive first-week gross gaming revenues of slightly over $16.7 million.However, a class-action lawsuit filed with Middlesex Superior Court reportedly alleges that that the Massachusetts venue is cheating its players by not allowing them to completely refund slot credits that have been cashed out from its collection of over 3,100 machines.The action purportedly contends that the property’s ticket redemption units only pay out whole dollar amounts ‘without paying change and without instruction on how to obtain the balance.’“The unredeemed change, therefore, is never returned to the player and is simply added to [the casino’s] coffers.”The Boston Globe reported that the legal complaint names Encore Boston Harbor and Wynn Resorts Limited as defendants and is also alleging that the giant Everett facility is not following rules laid out by the Massachusetts Gaming Commission concerning games of ‘6 to 5’ blackjack in order ‘to maximize the casino’s advantage far in excess of that which is permitted’.
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At an invitation-only announcement today at the site of the former Clock Tower Resort, Jim Allen, chairman and Chief Executive Officer for Hard Rock International together with Cheap Trick guitarist, Rick Nielsen, presented their proposal for a Hard Rock Casino Rockford.While the location on East State Street is considered a favorite to win the one and only available Rockford casino license, other worthy proposals are also expected, according to the Rockford Register Star.Late last month, Illinois Governor J.B. Pritzker signed bills authorizing a $45 billion construction plan courtesy of revenue from significant tax hikes on gas and cigarettes and massive gambling expansion, including brand new casinos in the city of Chicago and the suburbs, and legalized sports betting.The gambling expansion, along with cigarette and gas tax increases that both took effect on July 1, 2019, will serve to fuel the “Rebuild Illinois” capital spending plan, that Gov.Pritzker called “the largest, most robust capital plan in state history,” according to the Chicago Tribune.At the WIFR TV coverage on Tuesday afternoon, Allen talked about the Hard Rock brand and how the proposal is a “competition” and they want to keep a lot of the details confidential.
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In Washington and a federal judge has reportedly dismissed a lawsuit that had sought to invalidate the United States Department of the Interior’s 2015 land-into-trust approval for the Spokane Indian Tribe concerning a 145-acre parcel that now hosts its Spokane Tribe Casino.According to a Friday report from The Spokesman-Review newspaper, the legal action was filed by the fellow federally-recognized Kalispel Tribe of Indians in partnership with Spokane County in 2017 amid concerns that the new casino would adversely impact business at its own Northern Quest Resort and Casino.The newspaper reported that the Kalispel Tribe of Indians had debuted the 250-room Northern Quest Resort and Casino on the eastern fringes of the city of Airway Heights in 2000 despite objections from the Spokane Indian Tribe that this facility would hurt revenues at its own Chewelah Casino and Two Rivers Resort properties, both of which are located about 52 miles away in neighboring Stevens County.In response, the Spokane Indian Tribe reportedly subsequently successfully petitioned the federal government for permission to open its newest casino on a site situated on the opposite side of Airway Heights and only around four miles away from the Northern Quest Resort and Casino.The Spokesman-Review reported that the Spokane Indian Tribe began welcoming guests to the $40 million first-phase of its Spokane Tribe Casino in January of last year and countered any criticism of the venue’s location by asserting that it had long considered the site to be part of its aboriginal territory.But, the Kalispel Tribe of Indians purportedly disagreed and filed a lawsuit while claiming that the new facility could cost its own gambling enterprise up to $43 million a year in lost revenues.
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Microgaming, an award-winning slot gaming provider, has announced a new title featuring the legendary sleuth, Sherlock Holmes.Sherlock of London brings adventure to the reels in a 5×3 grid with 25 paylines.Players will walk among the streets of old London, taking along with Sherlock and his trusty sidekick on the search for big wins.Holmes and Watson take to the city streets in the new game, offering players access to connecting wilds, bonus spins and double wins.Holmes is the wild symbol during the base game, providing several ways in which rewards can be earned.When players earn more than one wild on the reels of the online slot game, it connects all the wilds together.
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American casino and resort company, Las Vegas Sands Corp. (NYSE: LVS), led by 85-year-old billionaire businessman, Sheldon Adelson, who has made considerable political contributions to President Trump, has named Democratic former New York Governor David Paterson to a senior VP position of what is the largest casino company in the world.After succeeding Eliot Spitzer, who resigned as Governor of ‘The Empire State’ on March 17, 2008, following the public disclosure of his involvement with prostitutes, Patterson served out the final three years of Spitzer’s term to the end of 2010.Mr. Adelson has a First Amendment right to vote for whoever he wants to vote for president and to spend his money giving contributions to whoever he feels would be the best candidate.“The acrimony that builds every day more and more between the two parties, I think this is a real example of what used to happen in this country where people didn’t even think about their political affiliations when business opportunity came through because business is about respect and as long as I feel respected, then I can work there,” said Patterson.There are currently four commercial casinos operating in upstate New York including Rivers Casino and Resort Schenectady, Tioga Downs Casino Resort, Del Lago Resort and Casino and Resorts World Catskills Casino Resort, while a trio of others are authorized for entry in the New York City market.However, restrictions in the state Constitution approved in July 2013 (The Upstate New York Gaming Act of 2013 (the “Gaming Act”) put a seven-year moratorium on casino expansion in New York prohibiting full-scale gaming within the New York City metropolitan area until 2023.
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In Cyprus and casino operator Melco International Development Limited has reportedly expanded its chain of Cyprus Casinos (C2) ‘satellite’ venues by debuting a small facility in the southern resort city of Ayia Napa.According to a Monday report from the online news domain at In-Cyprus.com, the premiere of the 3,950 sq ft C2 Ayia Napa comes a little over a year after the Hong Kong-listed firm opened its ‘temporary’ C2 Limassol property with its casino portfolio for the island nation also encompassing newer compatriot enterprises in the communities of Larnaca and Nicosia.In-Cyprus.com reported that the new C2 Ayia Napa is to employ around 40 people and sits on a 3.4-acre plot of land near to the center of the seaside city offering a selection of some 50 slots alongside on-site parking and a bar.Melco International Development Limited is the parent of Asian casino giant Melco Resorts and Entertainment Limited and won the right in 2017 to bring casino gambling to Cyprus via a 30-year license.It subsequently intends to spend approximately $548 million in order to open its 500-room City of Dreams Mediterranean venue in the small village of Tserkezoi by the end of 2021.The firm consequently expended about $14 million to open its ‘temporary’ C2 Limassol venue as a way to drum up interest in its much larger City of Dreams Mediterranean development while the exclusive license moreover gave it permission to open smaller ‘satellite’ gambling facilities in the communities of Nicosia, Larnaca, Ayia Napa and Paphos.
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UK National Lottery operator Camelot could face a blow to its sales as parliamentarians consider raising the minimum age for lottery purchases.On Tuesday, Mims Davies, Minister for Digital, Culture, Media and Sport (DCMS), informed the House of Commons that the government will hold a consultation on whether to raise the minimum age for lottery purchases from its current 16 years to 18.The consultation will run until October 8.Davies said the consultation, which will seek input from lottery operators, distributors, retailers as well as the general public, is mulling three possible outcomes: (a) maintaining the status quo, (b) raising the age limit to 18 for certain products, such as scratchcards and online instant win games, or (c) limiting all lottery products to customers aged 18 years or older.Davies noted that lottery products were one of the “very few” gambling options available to individuals under the age of 18, despite the fact that “the age of 18 is widely recognized as an age one becomes an adult, gaining full citizenship rights and the responsibilities.”Davies said her “initial view is based on the evidence reviewed so far” that a “split” system that would exclude under-18s from scratchcards and instant win online games – considered to be ‘riskier’ lottery products than traditional draw tickets – “could be the best approach.”
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North Carolina lawmakers postponed a final vote Tuesday on a bill to create a state gaming commission and study additional gambling options.Gaming backers in the legislature had hoped to pass the commission bill less than 24 hours after the legislature approved a separate, limited sports betting authorization measure, but will now have to wait for up to a week to pass the more expansive proposal.Tuesday’s delay came as lawmakers worked to finalize the gaming commission legislation, which would enact a new regulatory structure for the state’s existing options as well as explore new avenues for future growth in the industry.Having already gained initial approval in both chambers, the vote Tuesday was to rectify minor differences between a version of the bill passed in each chamber and subsequently send the measure to the governor’s desk for final approval.Lawmakers should easily have enough votes to override a veto on both bills.Momentum for the gaming commission bill follows a successful bipartisan push to permit the state’s two Native American casinos to take bets on sporting events.
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As the summer winds down at the 50th annual World Series of Poker, one player who is definitely still wound up is Tom Koral.Koral topped a massive field of 2,589 entries, adding a no-limit hold'em gold bracelet to his long list of mixed game finishes and bringing his career earnings to over $2.6 million.The hand he shared as one he won't soon forget helped propel him to bracelet No.Koral was at the final table in the $1,500 Double Stack with just four players remaining.The other tricky part about this hand is there were also two short stacks, so ICM implications were certainly an important consideration.Because of the large pay jumps I wanted to try and keep the pots small since I've got the chip leader in position," Koral told PokerNews.
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