A dealer at Resorts World Sentosa, one of Singapore’s two casino resorts, was sentenced last week to nine months and six weeks in prison after being discovered to have stolen S$77,000 (approx.$56,818) worth of chips from the gambling facility’s tables.Ding Zhipeng, a Chinese national, was also slapped with a S$12,000 (approx.$8,855) fine, and will have to serve additional three weeks in prison if he is unable to pay the penalty.Ding started working as a dealer at Resorts World Sentosa’s casino in July 2017.After stealing the chips, Ding asked a friend to cash them out for him as being a staff member at the gambling venue, he was unable to do so himself.
Casino and racetrack operator Churchill Downs Inc. finalized earlier this month the acquisition of a majority stake in Rivers Casino Des Plaines near Chicago, even though it seems it has failed to fulfill an important condition of the Illinois Gaming Board.The state gaming regulator gave the green light to the transaction on March 1.Board members voted overwhelmingly in support of the $326 million deal that saw Churchill Downs acquire a nearly 62% stake in Rivers Casino’s owner Midwest Gaming Holdings.However, the gaming regulator told Churchill Downs that it had 90 days to bring in more female and minority investors as an important condition for the company to be able to seal the transaction.This was due to the fact that most of the female and minority investors agreed to sell their holding to Churchill Downs.To close the deal, the company has agreed to sell up to 10% of Midwest Gaming to new female and minority investors within a 90-day period in “a good faith effort”.
SYNOT Games, the casino games developer, announced on Thursday that its portfolio of in-house titles has gone live with NetBet and 777 through an integration powered by iSoftBet’s Game Aggregation Platform (GAP).News about the successful integration of SYNOT gaming content into the existing offering of the two gambling operators arrived just days after the supplier announced its entry into the Lithuanian gambling market through a partnership with local operator TOPsport.SYNOT has agreed to supply its games to both NetBet and 777 as both casino brands are widely recognized and authorized to operate in various regulated jurisdictions.Expansion across regulated markets has been part of the gaming provider’s growth strategy.Headquartered and licensed in Malta, SYNOT boasts a portfolio of more than 40 in-house gaming titles that are available in 24 languages.It has also applied for a license by the UK Gambling Commission and says that its authorization to provide its products in the UK gaming space is just around the corner.
Gaming solutions provider Yggdrasil Gaming has debuted its casino content in the Czech gaming market through a previously announced partnership with local gambling operator Tipsport.The launch of games with Tipsport marks Yggdrasil’s entry into yet another European regulated market.The Czech Republic reorganized its iGaming space in early 2017, when its new gambling law took effect to open the country to international operators and provide them with the opportunity to operate in a regulated environment.According to gambling consultancy H2 Gambling Capital, the Czech gambling market generated revenue of €1.6 billion in 2018, with nearly a third of the overall figure coming from digital gaming and betting.Under the terms of their agreement, Yggdrasil’s portfolio of locally certified casino games are now live with Tipsport.Games like Valley of the Gods and the widely popular Vikings trilogy are now available to customers of the Czech operator.
A family-run casino in Aberdeen, Scotland, has closed its doors for good after a 12-year run, in part due to the city’s decision to allow pubs to serve alcohol until late.This week, Granite Rock Casino Ltd posted a notice to its Facebook account announcing that its Soul Casino venue was shutting down, effective immediately.The company said the decision “was not made lightly” and that it was making the announcement “with a heavy heart.”The company said the venue, “Scotland’s only independent family-owned casino,” had suffered “a significant drop in footfall” following “a shift in late night entertainment culture” in Aberdeen.Recent “changes in drink-drive legislation” had led to “a steep decline” in alcohol sales as customers displayed “increased caution” toward drinking.That, combined with “high business rates,” meant the Soul Casino’s business was “no longer sustainable.”
Developer and supplier of B2B online gambling software and services GAN plc today announced a “material addition” to the existing services it provides to FanDuel Group, the US business of gambling operator Flutter Entertainment plc (formerly Paddy Power Betfair).The expansion of the existing relations between the two companies comes ahead of what now seems to be the imminent launch of Internet gambling in the state of Pennsylvania.News about the expanded relationship between GAN and FanDuel arrive as the Pennsylvania Gaming Control Board and the state’s authorized land-based casinos are gearing up for the launch of Pennsylvania’s first online casinos.First online gaming operations are expected to go live in the state in mid-2019.GAN and FanDuel originally partnered in 2013 for a digital launch in New Jersey where online gaming became legal that year.In January 2019, the two companies announced that they would built on that initial relationship with an extended five-year contract, under the terms of which GAN became FanDuel’s platform provider for “rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania and West Virginia.”
Veikkaus, the state-run Finnish gambling operator, has gone live with a selection of online casino games provided by NetEnt, the Swedish gaming solutions supplier announced earlier today.The addition of gaming content by the popular Swedish studio was part of the Finnish operator’s massive digital reshuffle.However, despite the existing regulations and efforts for unlicensed operators to be prevented from servicing local gamblers, it can be said that the Scandinavian nation has a flourishing gray market.The size of the unregulated market is expected to surpass the €300 million mark in 2019.Veikkaus was formed in early 2017 through the combination of Finland’s horse racing operator Fintoto, the country’s Slot Machine Association (RAY), and lottery operator Veikkaus into a single entity.The state-run monopoly’s operations have shown shaky performance in recent years due to the massive outside competition.
Rivers Casino Pittsburgh is getting an upgrade amid the ongoing expansion of Pennsylvania’s gambling industry.Rush Street Gaming, the property’s owner, announced Wednesday that it plans to break ground on a new hotel at the gaming complex later this summer.The Landing Hotel Pittsburgh will occupy a site right next to the east facade of the existing casino and will be attached to it.However, the company decided to push back the start of construction after the Pennsylvania Legislature approved a massive overhaul of the state’s gambling industry.The sweeping gambling reform included the legalization of sports betting and online gambling, as well as the authorization of 10 mini casinos around the state, among other things.Commenting on their decision to finally break ground on The Landing Hotel, Rush Street Gaming CEO Greg Carlin said on Wednesday that “the time is right” and that while the statewide gaming expansion might have changed their schedule for the project, it never changed their intentions.
Provider of online payment solutions Paysafe Group was named Payments Processor of the Year at the inaugural American Gambling Awards that took place earlier this week at Monmouth Park Racetrack in Oceanport, New Jersey.Paysafe was recognized for its new US-focused gaming payments platform which the company launched in the US gambling market this past February.The inaugural edition of the American Gambling Awards, organized by Gambling.com, took place on Tuesday night at the Turf Room at Monmouth Park.The award party was part of the All American Sports Betting Summit.It aimed to celebrate the “outstanding work of the companies, organizations, executives, and influencers working responsibly to grow regulated online gambling.”America became a land of great opportunities after last year’s strikedown of the federal PASPA ban on sports betting.
If the piece gains traction in both the state Assembly and Senate, it would pave the way for Golden Nugget Atlantic City to finally be able to handle action on professional basketball.However, Golden Nugget has been unable to take bets on NBA games due to the above-mentioned ban.The resort, just as its sister properties in Nevada, is owned by Texas billionaire Tilman Fertitta, who also happens to be majority owner of NBA’s Houston Rockets.A5463, introduced recently in the New Jersey General Assembly, would allow:owner of 10 percent or more of member team of sports governing body to place or accept wagers on certain sports events in which other member teams participate.This means that if the bill survives in the Legislature, it would allow Golden Nugget, which is currently the only property affected by the existing ban, to take bets on NBA games that do not involve the Houston Rockets.
My recent column in Gaming Today from May 1 about how skills remain essential to real Poker brought some feedback.Reader Jay Bingham disagrees with me.Referring to my column, he suggests that, “Poker, like many things in life, is an 80/20 exercise.” Eighty percent of a player’s results are a matter of luck.As a matter of fact, I have observed that some players do win more often than others, suggesting that skill must be playing a significant role.Superimposing the skills level on the luck sine wave, the skills level reduces the negative impact bad luck, while enhancing good luck.The greater your skill level, the less you lose when bad luck strikes; and the more you win when good luck is with you.
There may be favorites and underdogs, but those represent long-term probabilities.Casino games do not have these issues.Yet, on any given spin, there are only two possibilities.But, unlike our sports comparison, the passage of time doesn’t change the specific results that we can expect.At 100 spins, you’re going to be somewhere in between and likely a bit closer to the 97.3 percent.Volatility has a huge impact on the player’s experience.
The company has been named the Best Online Gambling Game Developer by the Corporate Vision Magazine.The new Corporate Vision Magazine awards aim to recognize the “most dynamic and innovative businesses across a wide range of industries,” including online gambling where Betsoft was praised for developing ground-breaking gaming content over the past year.Betsoft’s recently released Max Quest: Wrath of Ra was hailed as one of the innovations the game developer scooped an award for.It is an action-packed real-money RNG game that has replaced reels and symbols featured in traditional slots games with a multi-player shoot’em up experience.The interactive game turns players into a team of treasure hunters who need to shoot a barrage of ancient mummified monsters and other creatures in order to win randomly generated payouts.Of its recent release, Betsoft has said that it is a “unique slot product that converges social and video gaming with online casino.”
Activist investor Carl Icahn and the Board of Caesars Entertainment Corp. might be at odds over the price at which the casino operator should be sold to rival Eldorado Resorts, sources familiar with the ongoing discussions have told The New York Post.According to those sources, Mr. Icahn, who is currently Caesars’ largest shareholder with a 28.5% stake in the company, thinks the company’s board demands too much for the casino operator in its ongoing combination talks with Eldorado.Earlier this year, Caesars began its search for a buyer who was willing to pay $13 per share for the company.Eldorado was understood to have made a $10.50 per share offer, which the board unanimously dismissed as too low.Sources said that Mr. Icahn agreed Eldorado’s bid was too low.However, it is believed that the New York investor is now willing to accept less than what Caesars’ board is seeking from a potential buyer.
Nevada-based casino and hospitality company Eldorado Resorts today announced that it has entered into an agreement to sell three of its properties to Century Casinos for total cash consideration of $385 million.Under the terms of the deal, Century Casinos will pay $107 million to acquire the operating assets of Mountaineer Casino Racetrack and Resort in New Cumberland, West Virginia; Isle Casino Cape Girardeau in Cape Girardeau, Missouri; and Lady Luck Casino Caruthersville in Caruthersville, Missouri.In addition, VICI Properties, the real estate investment trust that spun off Caesars Entertainment Corp. in the fall of 2017, will acquire the land and real estate assets of the three above-mentioned properties for $278 million.The deal is subject to approval from the regulators of the states where the there properties are located as well as to other customary closing conditions.Commenting on the recently announced sale, Eldorado CEO Tom Reeg said that the decision to divest the three properties is “consistent with our continued focus on optimizing the results from our regional gaming platform, generating growth through strategic acquisitions and realizing value through sales.”Mr. Reeg went on to say that:
Online casino games developer and supplier Yggdrasil Gaming has recently debuted its portfolio in the Spanish online gambling market.Casino Barcelona players have access to player-favorites such as Valley of the Gods, Golden Fish Tank, and blockbuster titles Vikings go Berzerk and Vikings go Wild, among a number of others.Commenting on their expansion, Yggdrasil CEO Fredrik Elmqvist said that they are thrilled to go live in Spain and “offer our games to local players together with such a significant brand as Casino Barcelona.”He added that the Spanish market:has shown consistently strong growth and an increase in popularity over the last few years and we are excited about the upcoming opportunities.We are looking forward to a long and successful partnership that will see us continue to bring new and innovative content to the Spanish market with Casino Barcelona.
Spelinspektionen, the Swedish gambling authority, has cracked the whip on a major player in the local regulated Internet gaming space over anti-money laundering deficiencies and other violations.In a statement from earlier today, the regulator announced that it has revoked the operating license of SafeEnt Limited, the operator of the NinjaCasino.com and Spellandet.com online casinos, after detecting multiple violations of Sweden’s revised gambling law, which took force on January 1, 2019.SafeEnt is a subsidiary of Global Gaming, an online gambling company hailing from Sweden.It registered a nearly 100,000% growth in revenue over a four-year period.Ninja Casino, which does not require a player to register an account in order to be able to play, has enjoyed great popularity among Swedish gambling customers.According to Spelinspektionen’s statement, its parent company, SafeEnt, has breached different provisions of Sweden’s gambling regulations on multiple occasions.
Founded in 2002, GAN develops and supplies Internet gaming and betting software, services, and content to B2B clients operating across Europe and the United States.The company says has seen a more than a 100% growth in revenue since the liberalization of sports betting in the US and the legalization of the practice in New Jersey and multiple other states.GAN will quit trading its shares on the Dublin market from 7am local time on Wednesday.The company floated on Euronext Growth in November 2013.Commenting on their decision to delist from the Irish market, company CEO Dermoot Smurfit said that there “was no trading going on.Zero.” The executive added that floating on that market “was a waste of time and energy and administrative overhead.” Mr. Smurfit owns 10.4% of company shares.
Another Station Casinos property approves overwhelmingly its proposed unionization, company yet to negotiate contracts at other propertiesSunset Station Hotel & Casino in Henderson, Nevada has become the fifth Station Casinos property whose employees have voted to unionize, the Las Vegas Review-Journal reports.After a one-day election supervised by the National Labor Relations Board, Culinary Union Local 226 said on Thursday that about 83% of 437 staff members voted in favor of being represented by the labor union.Following the successful vote, about 600 Sunset Station workers will become members of the Culinary and Bartenders Union Local 165.Sunset Station opened doors in 1997 in Henderson, a city not far from Las Vegas.The property features 448 hotel rooms and a 162,000-square-foot casino, among other facilities.
The revamped floor will occupy 7,000 square meters and will feature 100 gaming tables and 600 slot machines.Resorts World Manila is set to relaunch the space two years after a sole gunman opened fire on the second floor of the gambling venue and then set gaming tables and slot machines on fire.The fire killed 36 people and injured dozens of others.The soon-to-be reopened floor will bring the gaming options in that area of the resort to a total of 165 gaming tables and nearly 1,000 slot machines.This will be in addition to more than 200 gaming tables and 1,300 slot machines in Resorts World Manila’s Garden Wing.The property is owned and operated by Travellers International Hotel Group, Inc., a joint venture between Genting Hong Kong and its Philippine partner Alliance Global Group.