Latest gambling news

Players who like to spend big in online poker tournaments will be excited to hear about the new poker series coming to PokerStars. From November 26th to December 4th, PokerStars will be hosting the inaugural High Rollers tournament series. High Rollers will offer 22 tournament events with $11.4 million in guaranteed prize money.\r\n\r\nMost events on the online poker tournament schedule will be No Limit Hold’em. Players will also find Omaha and 5-Card PLO on offer. According to PokerNews, the High Rollers series will begin with the $2,100 event on the 26th with $1 million in guaranteed prize money. That very same day, players can compete in a 5-Card PLO event which guarantees $200,000. This event also costs $2,100 to enter.\r\n\r\nOne of the most anticipated events on the schedule is sure to be the High Rollers Main Event. This tournament also costs $2,100 to enter but will offer up a $2 million prize money guarantee. For players who really want to spend their bankroll, there will be two events featuring a $10,300 buy-in.\r\n\r\nOn the 28th, the High Rollers Event #6, will have a buy-in of $10,300, offering a $1 million guarantee with a No Limit Hold’em format.  On the 30th, High Rollers Event #11 will feature a $10,300 buy-in as well with a $1 million guarantee, this time with a NLHE Progressive KO format.\r\n\r\nPokerStars should be adding the information for the High Rollers series soon, opening up each event for registration.
The fourth annual Summit of iGaming Malta (SiGMa) is due to take place next week and online gaming software developer EvenBet Gaming has announced that it will be on hand to show off its ever-expanding portfolio of poker and daily fantasy sports innovations.\r\n\r\nSet to fill the island nation’s Malta Fairs and Conventions Centre from November 22 to 25, SiGMa 2018 will principally see EvenBet Gaming on stand S14 demonstrating how the integration of online video slots into its HTML5-friendly poker client can help operators to significantly boost cross-selling opportunities.\r\n\r\nLast month saw EvenBet Gaming, which is the gaming solutions arm of iGaming Network NV, ink a deal to integrate its state-of-the-art poker product onto the casino and sportsbook offering from while the firm declared that its new daily fantasy sports product offers players the ability to ‘manage fantasy teams during events’ and communicate with others via a ‘social layer’.\r\n\r\nDmitry Starostenkov, Chief Executive Officer for EvenBet Gaming, stated that it was a ‘great time for us to be returning to Malta’ before explaining that his firm’s platform allows clients to ‘seamlessly integrate innovative [and] market-leading products’ featuring a range of turnkey solutions to deliver scalability but ‘without ever sacrificing peace of mind’.\r\n\r\n“With so much core technological evolution already behind us, we can now look forward to growing in accordance with those advances,” read a statement from Starostenkov “SiGMa provides us with the perfect opportunity to catch up with existing partners and meet new clients with whom we can broaden our mutual horizons.”
The gaming market in South Africa is reportedly expected to bring in annual aggregated gross revenues of at least ZAR35 billion ($2.49 billion) by 2021 and contribute total taxes every year of around ZAR3.5 billion ($249.49 million).\r\n\r\nAccording to a report from the Johannesburg-based Business Report newspaper, this prediction is contained within the sixth annual edition of the Gambling Outlook for South Africa investigation published by professional services firm PricewaterhouseCoopers International Limited.\r\n\r\nThe newspaper reported that the envisaged 2021 figure for aggregated gross gaming revenues would represent an over 29{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} swell from last year’s tally of ZAR27 billion ($1.92 million) with tax takings similarly well exceeding 2016’s reckoning of just over ZAR2.7 billion ($192.75 million).\r\n\r\nThe study moreover reportedly explained that South African casinos, which directly employ in excess of 10,000 people across the country, accounted for some 66{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} of last year’s gross gaming revenues and paid ZAR1.8 billion ($128.84 million) in taxes while the betting sector sat second with a combined contribution of ZAR430 million ($30.73 million).\r\n\r\nThe newspaper explained that bingo was highlighted as the fastest growing sector of the industry as it chalked up a 36.6{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} boost year-on-year in gross gaming revenues last year. This activity reportedly accounted for 5{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} of combined takings, which represented a 1{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} increase from 2015, with the province of Gauteng leading the way after it recorded a 37.6{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} rise to ZAR813 million ($58.13 million).\r\n\r\nThe PricewaterhouseCoopers International Limited investigation furthermore predicted that bingo’s annual aggregated gross gaming revenues by 2021 would hit ZAR2.2 billion ($157.37 million), which would represent a compounded growth rate of almost 12{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc}.\r\n\r\nFinally, after registering year-on-year declines in every one of the four years up to 2016, lottery sales reportedly rebounded in 2016 with combined revenues climbing by 34.7{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} when compared with 2015 to hit ZAR2.98 billion ($213.17 million).\r\n\r\nPietro Calicchio from PricewaterhouseCoopers International Limited reportedly told Business Report that South Africa’s gaming industry would ‘continue to be adversely affected in the near-term by slower economic growth’ before improving conditions closer to 2021 ‘aid growth’.\r\n\r\n“The industry remains an important contributor to the economy through the creation of jobs, continued capital expansion and the payment of taxes to both provincial and national government,” Calicchio reportedly told the newspaper.\r\n\r\nOn a darker note, Calicchio reportedly proclaimed that the illegal gaming market remains a ‘problem’ in South Africa and last year led to the nation losing approximately 3,785 jobs and around ZAR1.9 billion ($135.96 million) in gross domestic product.
The online magazine, Login Casino will conduct a streaming conference on November 30, 2017, for bookmakers and other industry professionals interested in the FIFA World Cup 2018. Some estimates indicate that the coming World Cup could be the biggest gambling event in history.\r\n\r\nThe conference \"World Cup 2018: prospects for Russian betting\" will discuss issues facing Russian bookmakers and their clients and serve as a platform for bookmakers to consider and solve major challenges that, if not addressed ahead of time, could affect bettor\'s gaming experiences. Speakers at the conference will also address opportunities and possibilities the event holds for bookmakers.\r\n\r\nThe elite international football tournament is held only once every four years and the 21st quadrennial competitions will be held in Russia from June 14 through the final which will be held at Luzhniki Stadium in Moscow on July 15. A total of 64 matches will take place throughout the event, making this one of the most important sporting competitions of the decade. The Russian government has committed over 638 billion rubles ($10.8b) to fund infrastructure, stadium, and other improvements.\r\n\r\nA variety of industry experts, including lawyers, digital marketing specialists, responsible gambling practitioners, advertising consultants, and reputation managers among others will present speeches and participate in an important roundtable discussion at the end of the event. Online participants will be encouraged to ask the experts questions.\r\n\r\nThere is no charge to participate in the conference, however, entrance numbers are limited. Readers are invited to stay ahead of the curve and follow along as industry experts prepare for the world\'s most important soccer competition and create strategies to maximize betting opportunities for clients.  Make plans now to attend the conference from the comfort of your office, home, or via a mobile device.
Caesars Entertainment Corporation looks set to considerably increase its operational portfolio in the state of Indiana after announcing the signing an agreement that could see it spend up to $1.7 billion in order to acquire local casino operator Centaur Holdings.\r\n\r\nLas Vegas-based Caesars Entertainment Corporation and its subsidiaries already operate some 47 casinos across 13 states and five countries including Indiana’s Horseshoe Hammond and Horseshoe Southern Indiana. It revealed that the deal to purchase Centaur Holdings remains subject to the receipt of regulatory approvals and will encompass it paying $1.625 billion in cash alongside agreeing to $75 million in deferred compensation.\r\n\r\nFollowing the completion of the agreement, Caesars Entertainment Corporation stated that it will assume control of Centaur Holdings’ Indiana Grand Racing and Casino and Hoosier Park Racing and Casino properties as well as a trio of its off-track betting parlors in the communities of New Haven, Clarksville and Indianapolis.\r\n\r\nMark Frissora, President and Chief Executive Officer for Caesars Entertainment Corporation, declared that the deal represents ‘an excellent opportunity to enter into a growing region’ and that his firm would subsequently work to ‘build on our respective value creation and execution achievements for the benefit of customers, employees and local partners’.\r\n\r\n“We are impressed with Centaur Holdings’ operations and culture and the strong presence it has built in its host communities,” read a statement from Frissora. “We look forward to welcoming Centaur Holdings’ properties, guests and employees to the Caesars Entertainment [Corporation] family.”\r\n\r\nThe Indianapolis Star newspaper reported that the acquisition, which is expected to close during the first half of 2018, is set to mark the first significant transaction for Caesars Entertainment Corporation since it emerged from bankruptcy earlier in the year after restructuring debts of around $18 billion. Although Indiana law prohibits single companies from operating more than two casinos, it clarified that the Nevada firm is set to get around this prohibition due to the fact that both Hoosier Park Racing and Casino and Indiana Grand Racing and Casino feature horseracing tracks.\r\n\r\n“The addition of Centaur Holdings is the first example of our post-emergence inorganic growth strategy,” read the statement from Frissora. “We believe the acquisition of Centaur Holdings is the best use of capital to support our growth plans and the long-term value of Caesars Entertainment [Corporation].”\r\n\r\nLocated approximately 17 and 28 miles respectively from Indianapolis and its 855,000 residents, Indiana Grand Racing and Casino and Hoosier Park Racing and Casino both offer customers more than 2,000 slots and electronic table games alongside live and simulcast horseracing.\r\n\r\nRod Ratcliff, Chief Executive Officer for Indianapolis-headquartered Centaur Holdings, reportedly told the newspaper that his firm’s impending acquisition by Caesars Entertainment Corporation would ‘build on the successes and contributions of the properties’ and further benefit its ‘customers, team members, horsemen, community partners and financial stakeholders’.
It’s been about five years in the making for the Chemehuevi Indian Tribe who on Tuesday, Nov. 14 broke ground on a new gaming facility in southern California. The Tribal Council approved term sheets for financing the casino on July 25th last year.\r\n\r\nBernards Bros. Construction, a California-based contractor, began construction on the nearly $40 million development located across the border from Lake Havasu City, Arizona, according to Today\'s News-Herald.\r\n\r\nThe federally recognized tribe already owns and operates the Havasu Landing Resort and Casino located on the western shores of Lake Havasu at Havasu Lake, CA. The new casino will reportedly replace the existing gaming venue which is located just about a quarter mile north of the existing site. Purchased in 1974, Havasu Landing has been the tribe’s primary source of revenue.\r\n\r\nThe news agency reports that in addition to 320 gaming positions, the 25,000 square foot Havasu Landing Resort and Casino will feature a restaurant, marina and a much-needed 48-room hotel. With no hotels currently located on the Chemehuevi reservation, there have been logistical problems for families who visit and a significant number of inquiries from people who visit regarding overnight accommodations.\r\n\r\nBernards Bros. Construction has reportedly stated that the new development will be completed and ready for business in the spring of 2019, according to Today’s News-Herald.
After announcing last month that it will be de-listing its shares from Singapore’s stock exchange, casino and cruise ship operator Genting Hong Kong Limited has now revealed that it has agreed a deal to offload a 2.19{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} stake in Norwegian Cruise Line Holdings Limited for approximately US$270.1 million.\r\n\r\nHong Kong-based Genting Hong Kong Limited, which is a subsidiary of giant Malaysian firm Genting Group, explained that the transaction concerning Norwegian Cruise Line Holdings Limited is to be carried out by its own Star NCLC Holdings Limited subordinate and should see it book a profit of around $57.4 million.\r\n\r\nGenting Hong Kong Limited, which was formerly known as Star Cruises Limited, recorded a profit of $90.1 million in August after selling off a 3.29{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc} stake it held in Norwegian Cruise Line Holdings Limited and it declared that the latest deal for five million shares in the 25-vessel cruise ship operator is to see its total stake in the enterprise drop to about 5.64{9bd7b87ed3e913e8ed6928bc2f9f2f3cc1517f0b4d92ba2b7b04cbee54301afc}.\r\n\r\nResponsible for the Crystal Cruises, Dream Cruises and Star Cruises brands, Genting Hong Kong Limited moreover partnered with Manila-based Alliance Global Group Incorporated in 2013 to establish Travellers International Hotel Group Incorporated in order to operate the Resorts World Manila integrated casino resort in the Philippines.\r\n\r\n“The board considers the offering as a good opportunity for the group to realize profits with cash inflow from partial realization of its investment in Norwegian Cruise Line Holdings Limited,” read a statement from Genting Hong Kong Limited. “The directors believe that the terms of the offering are fair and reasonable and in the interests of the company and its shareholders as a whole.”\r\n\r\nGenting Hong Kong Limited further stated that its remaining stake in Nasdaq-listed Norwegian Cruise Line Holdings Limited is to remain as an ‘available-for-sale investment’ while it anticipates utilizing the proceeds from the impending transaction for ‘general working capital and capital expenditure’ or to ‘fund new investments’ providing that ‘suitable opportunities arise’.
Lottery service and casino equipment provider Scientific Games Corporation (NASDAQ: SGMS) does not anticipate any negative impact to result from amendments proposed to Macau’s Administrative Regulation No. 26/2012 on the “Regime for the Supply and Requisitioning of Gaming Machines, Equipment and Systems,” according to the Asia equipment maker’s vice president Ken Jolly, reports GGRAsia.\r\n\r\nThe director of Macau’s Gaming Inspection and Coordination Bureau, Paulo Martins Chan, said on Tuesday from the sidelines of the MGS Entertainment Show 2017 at the Venetian Macao, that they plan on submitting the amended administrative regulation to the Executive Council early next year.\r\n\r\nOf the ideas being considered in the revision, two include the enforcement of stringent requirements on gaming machine certification and the introduction of penalties should violations of the administrative regulation occur.\r\n\r\nJolly reportedly told GGRAsia that the DICJ’s proposed changes won’t affect the Las Vegas-based company too much; “All of the [proposed] changes – from the point of view of new product, demonstrating machines and so on – are all pretty well in line with what we are already doing,” said Jolly.\r\n\r\nJolly went on to explain, “From a company point of view, we like good regulation in a market, and the government does need to address changes in regulation that need to be updated to suit the market needs,” according to the online news service.\r\n\r\nEarlier this month, Scientific Games went live with its latest generation, omni-channel lottery gaming system for Canada\'s Atlantic Lottery. The new system features the firms\' secure, cross-platform Player Account Management system and along with traditional lottery retail sales, supports internet and mobile gaming sales in the provinces of Nova Scotia, Newfoundland and Labrador, Prince Edward Island and New Brunswick.
Almost a month after premiering its new five-reel and 20-payline Planet of the Apes video slot and online games and software developer NetEnt AB has now unleashed its latest innovation in the Free Round Widget for its Engage portfolio.\r\n\r\nThe firm launched its Engage suite of products over the summer to boost player engagement while maximizing rates of retention and loyalty. NetEnt AB described its new customizable Free Rounds Widget as a ‘totally new way of rewarding players with free spins in a fun, innovative and exciting way.’\r\n\r\nThe Swedish developer moreover revealed that Engage, which sees players attempt to bank additional spins via a go on a roulette-style wheel, is an easy-to-use mechanism that allows operators to set configurations and determine outcomes and rewards.\r\n\r\nHenrik Fagerlund, Interim Chief Product Officer for NetEnt AB, declared that the Free Round Widget innovation is ‘packed full of performance-boosting products and features’ and serves as ‘another example’ of how his firm is ‘committed to driving the online casino market forward through better gaming solutions’.\r\n\r\n“We understand the huge value in placing player engagement at the fore and are constantly working on innovative and exciting ways to facilitate this,” read a statement from Fagerlund.\r\n\r\nEstablished in 1996, Stockholm-based NetEnt AB provides games and solutions to some of the world’s most prominent iGaming operators including Bet365 Group Limited, The Stars Group, GVC Holdings, Gamesys Limited and 888 Holdings.
The Christmas holiday is a time when online casino operators offer something new and exciting for their players. Operators who use Yggdrasil Gaming software will now be able to provide their members with an exciting Christmas Calendar, set to launch on December 1st and offer players more than a month of events, and a total of €500,000 in cash prizes.\r\n\r\nThe Yggdrasil Christmas Calendar will kick off on the 1st of December and run until January 3rd. The calendar will include BOOST, a unique collection of in-game promotional tools created by Yggdrasil. Within the Calendar, players will have access to several tournaments and missions along with Mystery Cash Races. Players will be able to earn cash prizes during these events, ranging from €10 to €10,000. The Christmas Calendar will also be connected to Yggdrasil’s BRAG tool, so players have the ability to share their winning spins via social media sites.\r\n\r\nThe developer\'s most popular games will be featured during the special Christmas Calendar, including new titles such as Jungle Books and Valley of the Gods. Classic games will also be included, such as Holmes and the Stolen Stones plus Vikings Go Wild.\r\n\r\nOperators who offer the Yggdrasil Christmas Calendar will be able to provide promotional activities without any additional execution because the campaigns are fully automated, allowing player\'s accounts to be credited instantly with any cash prizes won.\r\n\r\nFredrik Elmqvist, the CEO of Yggdrasil Gaming, commented on the Christmas Calendar stating that last year the event was a success, so the company decided to go bigger this year. The prize pool has been more than doubled, allowing operators to better engage and retain their players. Elmqvist stated further that Yggdrasil wants to encourage operators to use the calendar and be creative, standing apart from the competition during the holiday season.\r\n\r\nYggdrasil will offer the calendar to partner operators, which will see players in the United Kingdom, as well as Italy, take part. In Italy, players will enjoy a standalone calendar of €20,000, with the sole focus being the Italian market.