Wednesday, December 28, 2011

Nevada approves online poker framework - 23rd December 2011

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In the United States, the Nevada Gaming Commission unanimously approved a set of proposed regulations on Thursday that would permit companies to apply for licences in order to operate online poker for residents of the western state.

The proposals were widely supported by the industry and require applicants to prove their ability to maintain controls on registration, prevent underage play and establish the location of players before being licensed.

Regulation 5A was one of six draft proposals adopted or amended yesterday by the Nevada Gaming Commission and also addresses what information is to be presented on websites and establishes procedures for record keeping, dispute resolution, fees, taxation and problem gambling notifications.

The Nevada Gaming Commission is already considering applications from six companies in Cantor Gaming, Shuffle Master Incorporated, International Game Technology, Bally Technologies Incorporated, Caesars Entertainment Corporation and the South Point Hotel Casino and officials are optimistic that approving the regulations will lead to technology firms opening operations in Nevada and expanding current business.

The push to legalise online poker in Nevada goes back to mid-March when Las Vegas Assemblyman William Horne submitted his AB258 bill. This proposed legislation was approved by the Nevada Assembly in May before being passed by the Democrat-controlled Nevada Senate and signed into law by Republican governor Brian Sandoval less than a month later.

Yesterday’s public hearing to pass the framework required to implement Horne’s legislation saw no opposition or major amendments as it had already been revised eleven times and state officials now await the repeal of the federal Unlawful Internet Gambling Enforcement Act (UIGEA) before being able to legally license operators.

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Tuesday, December 27, 2011

Web gambling gets boost from Obama administration - 26th December 2011

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The Obama administration cleared the way for U.S. states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.

A Justice Department opinion dated September and made public on Friday reversed decades of previous policy that included civil and criminal charges against operators of some of the most popular online poker sites.

Until now, the department held that online gambling in all forms was illegal under the Wire Act of 1961, which bars wagers via telecommunications that cross state lines or international borders.

The new interpretation, by the department's Office of Legal Counsel, said the Wire Act applies only to bets on a "sporting event or contest," not to a state's use of the Internet to sell lottery tickets to adults within its borders or abroad.

"The United States Department of Justice has given the online gaming community a big, big present," said I. Nelson Rose, a gaming law expert at Whittier Law School who consults for governments and the industry.

The question at issue was whether proposals by Illinois and New York to use the Internet and out-of-state transaction processors to sell lottery tickets to in-state adults violated the Wire Act.

But the department's conclusion would eliminate "almost every federal anti-gambling law that could apply to gaming that is legal under state laws," Rose wrote on his blog at www.gamblingandthelaw.com

If a state legalized intra-state games such as poker, as Nevada and the District of Columbia have done, "there is simply no federal law that could apply" against their operators, he said.

The department's opinion, written by Assistant Attorney General Virginia Seitz, said the law's legislative history showed that Congress's overriding goal had been to halt wire communications for sports gambling, notably off-track betting on horse races.

Congress also had been concerned about rapid transmission of betting information on baseball, basketball, football and boxing among other sports-related events or contests, she summarized the legislative history as showing.

"The ordinary meaning of the phrase 'sporting event or contest' does not encompass lotteries," Seitz wrote. "Accordingly, we conclude that the proposed lotteries are not within the prohibitions of the Wire Act."

The department expressed no opinion about a provision in the law that lets prosecutors shut down phone lines where interstate or foreign gambling is taking place.

Many of the 50 U.S. states may be interested in creating online lotteries to boost tax revenues and help offset the ripple effect of a federal deficit-reduction push.

The global online gambling industry grew 12 percent last year to as much as $30 billion, according to a survey in March by Global Betting and Gaming Consultancy, based on the Isle of Man, where online gambling is legal.

Federal prosecutors in April charged three of the biggest Internet poker companies with fraud and money-laundering along with violations of another federal law, the Unlawful Internet Gambling Act of 2006.

The government outlined an alleged scheme by owners of the three largest online poker companies - Full Tilt Poker, Absolute Poker and PokerStars - to funnel gambling profits to online shell companies that would appear legitimate to banks processing payments. (Credit: Google News, Reuters)

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Tuesday, December 06, 2011

Casino And Gaming Stock Report: Australia And New Zealand, by Greg Tingle - 5th November 2011

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Australian land based casinos continue their entertainment push, with big name celebrities and more expensive casino re-vamps in the works. The share market continues to react to the political hotbed that is the Aussie casino and gambling industry. Southern neighbour, New Zealand, is also prone to gaming being quite the punching bag. Can't wait to the next election. How about you?

Australia’s S&P/ASX 200 Index rose 0.8 percent to 4,321.3 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 0.6 percent to 3,301.22 in Wellington.

Echo Entertainment Group Ltd. (EGP AU) rose 1.3 percent to A$3.83 after the owner of four Australian casinos had its rating raised to “hold” from “sell” by Adam Alexander, an analyst at Goldman Sachs Australia Pty.

Sky City Entertainment Group Ltd. (SKC NZ) rose 0.3 percent to NZ$3.40 after the New Zealand casino owner agreed a NZ$185 million ($144 million) seven-year banking facility to repay U.S. private placement debt of around NZ$250 million.

Tabcorp Holdings Ltd. (TAH AU) declined 0.7 percent to A$2.80 after Australia’s biggest owner of betting shops was cut to “sell” from “hold” at Goldman Sachs Group Inc., which said earnings may stall in the next two years on higher license costs and a "lack of positive catalysts."

The Late News...

European gaming giant Bwin.Party Digital Entertainment, along with PKR and Virgin Games, are all understood to be keen to officially enter the Australian market. Bwin.Party has done some good warm up work on the political and business side, including now offering online poker players to win a seat at James Packer's annual poker championship in Melbourne 'Aussie Millions'. The Media Man agency has been filing regular reports here and on portals such as Casino News Media, Gambling911 and Poker News Daily are following suit. Mr Packer is understood to be pleased with the lead up news stories on the 2012 'Aussie Millions', at a time when Crown appear to be welcoming any balanced and especially positive coverage of Crown with open arms. Sydney's 'The Star' is also having a poker tourney, with much less fanfare than that of Crown. Any would be James Bond poker players out there? Comon' sport, try your luck and tell 'em the Media Man agency sent you.

*the writer owns shares in Crown Limited
*the writer is a member of The Star's 'Absolute Rewards' program

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Saturday, November 19, 2011

Online Gaming Talk Heats Up With Native American Tribes, by Greg Tingle - 19th November 2011

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Native American tribes advised Thursday they want their cut of the jobs and revenue if online gambling is allowed in the United States but they don't want to lose their sovereignty to get it.

Internet gambling has been prohibited in the U.S. since 2006, which has seen players and their cash go to to websites and internet portals based offshore. With Congress searching for money to cut the deficit and create new jobs, supporters see an opening for legalizing at least some online gambling opportunities.

Should Congress act, the federal government will have to write rules and will likely collect taxes from proceeds. Native American tribes want the federal government to ensure they are allowed to operate, regulate, tax and license online gambling as well, if they choose to get in on the business.

"Although there is no legislation before the committee right now, one thing we are all aware of is the need for additional resources at the federal level," said Hawaii Sen. Daniel Akaka, chairman of the Senate Indian Affairs Committee, which held a hearing Thursday to air tribes' concerns on the issue. "The discussions surrounding potential Internet gaming legislation have only increased as Congress looks to the supercommittee to find revenue sources and Congress looks to create jobs ..."

The supercommittee Akaka referred to is a bipartisan committee of 12 lawmakers created this summer to find a plan to reduce government borrowing by least $1.2 trillion over the next decade. The committee is stalled in part over whether to raise new revenue.

A House Energy and Commerce subcommittee planned to hold its second hearing Friday on Internet gambling. There is bipartisan support for at least some Internet gambling. Rep. Barney Frank, D-Mass., has pushed for its legalization for years.

While there is no Internet gambling bill before the Senate committee, there is legislation in the House, though it already has opposition from tribal leaders.

Ernie Stevens, chairman of the National Indian Gaming Commission, said tribes have united behind some core principles, including no taxation of tribal revenues. Current Internet gambling proposals violate those principles, "and we oppose their passage," Stevens said.

One such measure, sponsored by Rep. Joe Barton, R-Texas, would legalize online poker. Spokesman Sean Brown said the legislation would allow tribes, like states, to opt out of allowing Internet gambling if they chose.

Some at Thursday's hearing expressed concern about proposals to allow the Department of Commerce to regulate operators of Internet games. Tribal leaders are calling for the National Indian Gaming Commission to continue to regulate their businesses.

The commission reported that last year, 236 tribes operated 422 gambling facilities in 28 states, generating $27 billion in revenue, evidence that the commission has the expertise to regulate tribal Internet gambling and won't have to start from scratch, learning laws particular to tribes as well as cultural considerations, witnesses at the hearing said.

Not all tribes support Internet gambling. Some see it as a potential competitor to their established brick-and-mortar casinos.

"The Tulalip tribe sees the legalization of Internet gambling as a direct threat to the economic growth in Indian Country," said Glen Gobin, vice chairman of the Tulalip Tribes of Tulalip, West Virginia.

"Do you think tribes are going to be able to compete with someone like Harrah's on Internet gaming?" Gobin asked.

Many U.S gaming companies including land based casinos are now starting to adopt online gaming into their business model, with MGM Resorts International recently teaming up with Bwin.Party Digital Entertainment (which owns and operates PartyCasino.com PartyPoker.com and World Poker Tour).

It's widely believed that the U.S will see legal online gambling up and running soon, but then again, that's been the world for years, so for much of the gaming industry, they will believe it when they see it.

In the meantime entities such as Global Gaming Directory, Casino News Media and a host of entertainment and gaming website portals should consider to do a healthy trade.

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Sunday, November 13, 2011

Friday, November 11, 2011

Echo Entertainment: Entertainment name of the game at The Star casino, by Greg Tingle - 10th November 2011

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Stop saying Star City Casino... owned and operated by Tabcorp Holdings. It's The Star, run by Echo Entertainment, and don't you forget it my friends.

Integrated entertainment complex and land based casino owner Echo Entertainment advised revenue was stronger in the first quarter of 2011-12 and earnings are expected to rocket in the second half.

If you missed it, Echo Entertainment demerged from betting and gaming outfit Tabcorp Holdings in June 2011, and today operates The Star in 'Sin City' Sydney, Jupiters Hotel and Casino at Surfers Paradise, The Treasury Casino (Brisbane) and Jupiters up in Townsville.

Chief exec Larry Mullin told the company's AGM that Echo's performance in the three months to September 30 had been in line with the firms expectations.

Revenues in the period were up by 15.2 per cent and up 14.4 per cent on a normalised basis, he said.

Full-year earnings would be hit in the first half from costs associated with opening the newly revamped The Star, Mr Mullin said.

Pre-opening costs are going to be in the region of $30 million, while operating expenses at The Star will initially be higher.

Strong earnings growth is expected in the second half, due to new products and expansions at The Star, Mr Mullin said.

Second-half earnings in Queensland are also forecast to accelerate, following the impact of floods in the previous corresponding period.

In the meantime Australia's most famous gaming billionaire James Packer, and his Crown Limited - Crown Casino empire are not going to roll over and die, with casino revaps of their own in Melbourne and Perth, with Burswood in Perth expected to be rebranded Crown.

Media agencies such as Media Man and Casino News Media are currently obtaining information from the public at large as to whether The Star and Crown Casino are more about gambling or entertainment, or both. Roy Morgan and the Australian Government are expected to be very interested in the findings.

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Saturday, October 29, 2011

Packer upset by suggestions Crown profits from victims - 28th October 2011

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Crown Casino chairman James Packers says suggestions his business relies on problem gamblers are upsetting and he is not ignoring the human cost of profits.

Transcript

ALI MOORE, PRESENTER: Crown Casino chairman James Packer says suggestions his casino business relies on problem gamblers is upsetting.

Mr Packer is now publicly attacking the Federal Government's laws to put compulsory betting limits on poker machines.

But he says he's not ignoring the human cost of casino profits.

JAMES PACKER, CROWN CASINO CHAIRMAN (FAIRFAX RADIO): This perception that the only people that come to Crown are helpless victims and we are just sitting there praying on them, you know, I reject that absolutely and that does upset me. And I think that that is, you know, that is a spin line from the latte set, which is completely wrong.

ALI MOORE: Independent Senator Nick Xenophon says James Packer is in as much denial as a problem gambler.

He has challenged the Crown Casino chair to open his gambling books for public scrutiny.

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Sunday, October 23, 2011

Pokerfest: PartyPoker’s inaugural online tournament festival starts Sunday

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Series runs until 6th November - quality from as little as $1 NOW!

Gibraltar – 21 October 2011 – The countdown is on for the arrival of PartyPoker.com’s inaugural online poker festival – Pokerfest. With 47 events in a range of game types, the festival starts THIS SUNDAY 23rd October – 6th November guaranteeing $3,000,000. Qualifiers starting from $1 are online now!

A PartyPoker.com spokesman said: "We kick off on Sunday with four no limit hold’em events with guarantees of $300k, $2k, $20k and $150k – these cater for players on all levels with the $2k requiring a points buy-in only. The no limit re-buy tournaments start Monday, with the Pot Limit Omaha dominating Tuesday – the fixed limit hold’em tournaments start on Thursday."

Team PartyPoker.com Pro Kara Scott looks ahead to Pokerfest. Tony G calls everyone out for what he calls a 'Meatfest'.

At least three events every day

Pokerfest will feature at least three events EVERY DAY covering a variety of buy-ins and game types. Below is just some highlights of what is on offer:

· Event #47 - $1,000,000 guaranteed main event - $640 buy-in (qualify from $1)
· Event #23 - $350,000 guaranteed - $215 buy-in (qualify from $2.50)
· Event #46 - $50,000 guaranteed - $33 buy-in
· Event #2 - $2,000 prizepool - 20 Points buy-in

Qualify from as little as $1

PartyPoker.com want everyone to be a part of Pokerfest so they have developed a number of fantastic qualifying routes so players can qualify for a fraction of the main buy-in. There is also a wide range of extra promotions and side events - click on the tabs on the site to check out the $100k leaderboards and get the scoop on how to qualify for a fraction of the buy-in. The grand finale of Pokerfest is the $1,000,000 guaranteed main event taking place at 13.30ET on Sunday 6th November.

Variety of buy-ins and game types

Pokerfest will feature three events every day covering a variety of buy-ins for the following game types:

· No Limit Hold ‘em
· No Limit Hold ‘em + Rebuy(s)
· No Limit Hold ‘em, 6 max table, deep stack Fixed Limit Hold ‘em
· Pot Limit Omaha
· Pot Limit Omaha + Rebuy(s)

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Friday, October 21, 2011

Bwin.Party Digital Entertainment tipped to be dominant player; Buy rec, by Greg Tingle - 21st October 2011

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Medium to long term investment prospect, Bwin.Party Digital Entertainment (LON:BPTY) could be the dominant player in online gaming across Europe, deriving the majority of its profits from regulated markets, states UBS analyst Simon Whittington.

In the meantime, the company is buying back shares, paying around 5% dividend yield, and driving double-digit EBITDA growth, underpinned by conservative synergies, he added.

UBS rates the firm a 'buy' with a 12 month target price of 185 pence (current price: 104.8 pence).

Media Man is following up.

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Donald Trump says US should legalize Internet betting - 21st October 2011

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Donald Trump has witnessed lots of money side slipping him, and he's hoping that situation changes soon.

The real estate, gaming and entertainment tsar, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.

The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.

"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."

Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.

Donald Trump advised the key to success in the online gambling market is having the best brand.

"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."

In a filing with the Securities and Exchange Commission, Trump Entertainment said it has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company."

No cost estimates were given, and Robert Griffin, the company's CEO, declined to comment Thursday. But in March, after Gov. Chris Christie vetoed a bill passed by New Jersey lawmakers that would have allowed Internet betting solely within New Jersey's borders, Griffin said the money lost to offshore operators should benefit New Jersey.

The new law would seen New Jersey become the first state in the nation to allow Internet betting.

"Currently, millions of Americans engage in online gaming with illegal offshore operators, and do so with no oversight, no regulation or no consumer protections," Griffin said at the time. "It makes sense for the state of New Jersey to regulate this activity, enforce strict standards to ensure games are fair and safe, and in turn be able to collect tax revenue instead of having those dollars and the jobs they support leaving New Jersey and going illegally overseas."

Christie advised he vetoed the law fearing it was unconstitutional and could lead to an explosion of betting parlors throughout the state. By law, gambling in New Jersey is restricted to gaming hotspot Atlantic City.

But a New Jersey lawmaker is asserting that individual states in fact have the legal right to offer in-state Internet gambling within their own borders.

State Sen. Raymond Lesniak, D-Union, wrote in July to U.S. Attorney General Eric Holder asserting that New Jersey and all other states can legally offer online betting within their borders.

Lesniak said he will introduce legislation in November to address the prime concerns expressed by Christie.

The filing said the company, Donald and Ivanka Trump, and Avenue Capital have signed an agreement authorizing the joint venture once it becomes legal, and that prohibits any of them from seeking other online gambling ventures through May 2012.

Atlantic City is in the midst of a nearly 5-year revenue slump brought on by increasing competition from casinos in neighboring states, and worsened by the continuing unsteady economy. It's also speculated that many AC businesses have not adapted well to the internet medium.

Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.

Internet gambling is legal in many countries, with the U.S being a glaring exception.

Media Man is following up.

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The Sopranos actor John Marinacci arrested for gambling; Life imitates art, by Greg Tingle - 20th October 2011

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Mid range actor John Marinacci has been arrested along with 36 others as part of an inquiry into a mob-connected gambling ring in New York.

The 56 year old, who has appeared in episodes of The Sopranos and Boardwalk Empire, was hauled in by police as part of Operation Flat Rate after allegations he solicited bets, collected money and took a percentage of losing wagers for the Gambino crime family.

Deputy Attorney General Peri Alyse Kadanoff announced on Tuesday that police have gathered a "great deal of wiretap evidence" against 37 members of the ring, which allegedly operated in Brooklyn from April 2010 until April 2011. Three other Gambino associates were also arrested.

Marinacci, who is also a professional poker teacher, was charged with one count of enterprise corruption, 30 counts of promoting gambling, 30 counts of possession of gambling records and one count of conspiracy, according to the New York Post.

He has been released on $US25,000 ($A24,506) bail.

It's understood Marinacci is or was associated with controversial online poker brand, Bodog, and industry insiders are suggesting that it may be a good idea for the keen gambler to change to a less risky brand, be it World Poker Tour or World Series of Poker (if they will take him).

Other actors from The Sopranos or Boardwalk Empire are not under suspicion of illegal gambling.

Something tells us that the poker lover will soon be self sponsored and will be practising his flushes with inmates.

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Thursday, October 20, 2011

Bwin.Party Digital Entertainment Betting On United States, by Greg Tingle - 20th October 2011

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Jim Ryan, the co-chief executive of Bwin.Party Digital Entertainment is a very busy man.

In fact, he's invested three of the past five weeks in the United States pushing a presentation that advertised to investors the strengths of the world’s largest publicly-traded online gambling - gaming firm. Ryan’s presentation included a one-page chart that listed the top online poker brands in the U.S. market. The names of once fierce competitors PokerStars and Full Tilt Poker, were crossed out in red. Is Party the only real game left in town? Time will tell.

“Where you see the red lines, those organizations have been indicted, so although one can’t predict the future, it’s unlikely you will see those brands back in the U.S.,” Ryan said during an interview. “The brand that has the most consumer awareness is in fact the PartyPoker brand.”

Ryan’s company happens to own both PartyPoker and the World Poker Tour, two of the top online poker brands that did not have their U.S. operations shut down by the U.S. Justice Department in April because they were not facilitating for-money online poker play in America—in the case of PartyPoker since 2006. They also own PartyCasino, a top online casino destination website. The fact that Ryan, who is based in Gibraltar, has recently been spending so much time in the U.S. demonstrates he is optimistic and hopeful for a U.S. comeback. “My focus is on the U.S.,” says Ryan, who is in the final stages of negotiating partnerships with two U.S. companies. “Even though there is no guarantee that online gaming will ever regulate in the U.S.”

For years Ryan and his staff at PartyGaming, which merged with Bwin earlier this year, had to sit on the sidelines, watching how much money PokerStars and Full Tilt Poker were snatching. It was a difficult thing to watch for the top brass and workers at PartyGaming, which was the biggest online gambling company in the world thanks to its domination of the U.S. online poker market until Congress passed the Unlawful Internet Gambling Enforcement Act in 2006. PartyGaming exited the U.S. market and saw its stock price take a massive hit, while PokerStars and Full Tilt kept their U.S. facing .com websites on air. Party competitors enjoyed somewhat of an unfair advantage, with the rouges using the U.S. market to expand globally at PartyGaming’s expense. “We were beyond the point of frustration,” says Ryan.

Next PartyGaming struck a non-prosecution agreement with the U.S. Attorney in Manhattan, paying $105 million and admitting its U.S. operations had for years violated U.S. law. Meanwhile, PokerStars and Full Tilt continued to operate in the U.S. and claimed that their U.S. operations did not violate U.S. law, pointing to legal opinions the companies had received from top American legal eagles. To many, it appeared like PartyGaming had given a lucrative business away. Even at the company’s headquarters there were doubts until April 2011, when federal prosecutors in Manhattan closed down the U.S. operations of PokerStars and Full Tilt, naming them illegal gambling businesses, and indicted some of their key execs. "I think Party has been vindicated now in getting out when they did and in dealing with the Department of Justice," says Behnam Dayanim, a partner at Axinn Veltrop & Harkrider, who negotiated PartyGaming’s agreement with federal prosecutors in downtown Manhattan.

With all that said, Bwin.Party Digital Entertainment is not exactly holding a management party quite yet. It's so close, yet so far, from reclaiming online poker’s crown. Operating in highly-regulated and taxed European markets while competing against well-run companies like PokerStars is not for the faint-hearted. Bwin.Party’s stock, which trades on the prestigious London Stock Exchange, has dipped by 50% in 2011. Big corporate mergers can be problematic, but the outfit has also suffered a setback in Germany, where the nation’s top civil court recently decided to uphold an online gambling ban, and been dissed by higher gaming duties across Europe. When the company attempted to take advantage of the April U.S. shutdown of PokerStars and Full Tilt, Bwin.Party found that while some new European players were attracted to its poker brands, revenues remained flat-ish. It wasn’t until Full Tilt’s European regulator suspended Full Tilt’s license in late June that Bwin.Party’s increased advertising and promotional expenditures started to pay dividends. PartyPoker is now the second-biggest online poker room in the world, according to PokerScout, averaging 4,150 cash players during any given time. PokerStars has 22,800.

Ryan, who joined PartyGaming as CEO in 2008, has been waiting for this moment for what seems like forever. He long ago took Bwin’s Norbert Teufelberger to a McDonald’s in La Linea, Spain, and chatted to him at length about the pros of combining Bwin’s strong online sportsbook business with PartyGaming’s poker brands, resulting in the merger that was first announced in 2010. Ryan also fine-tuned his company’s business-to-business capabilities over the last few years with an eye toward finding a U.S. partner with whom he can re-conquer America. "We had to be realistic about where we sat in the food chain," says Ryan. "We figured if the U.S. regulated it would be unlikely that we would secure a license directly, that the laws of the land would be written to allow existing land operators and equipment manufacturers in the U.S. to secure the licenses." Ryan is optimistic about current efforts in Washington, driven by the American Gaming Association and powerful casino companies like Caesars Entertainment and MGM Resorts, to potentially get some sort of online gambling legislation through a divided Congress. Ryan notes he is also preparing for the possibility that online poker gets regulated first on a state-by-state basis.

"We have to be ready for both federal or state," he says. "It feels good to have American taxpaying companies finally driving this.".

If an offshore operator is to succeed in American, Bwin.Party Digital Entertainment looks like the firm to place bets with.

Bwin.Party has identified Australia and New Zealand as places to further expand their business, even sponsoring high profile poker players such as Tony G and Stewart Scott (a former Crown Casino 'Aussie Millions' champion.) PartyPoker is one of a number of rumoured brands set to take over the sponsorship spot at James Packer's Crown Casino that FTP once enjoyed. Party look to have as much chance as anyone, probably more so.

In the meantime, poker and casino game players in regions such as Australia, New Zealand, Canada, Italy, South America, South Africa and beyond can continue to enjoy their gaming.

Poker playing celebs such as Leonardo DiCaprio, Matt Damon and Tobey McGuire are understood to be open to sponsorship approaches from Bwin.Party.

Governments of the world - you're throw of the dice.

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Wednesday, October 19, 2011

Crown Casino Caught Out By Fake VIP Gambling Whale - 19th October 2011

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It took a "high-value" casino whale type gambler snatched by Crown Casino about five minutes to create the paperwork that duped the venue into advancing him $125,000 that he hoped would recoup what he had lost at its tables.

Jung Hwan Choi dropped $200,000 there last year and yesterday a Melbourne court heard how his "inherently simplistic" scam beat the house.

The County Court was told that Choi was flown to Melbourne from Sydney in November last year in a visit organised by a casino marketing executive.

Prosecutor Amanda Ring advised Choi accessed his bank account at an internet cafe to transfer from his mother's account $1 and then copied the screen shot of the receipt's transaction and his balance.

With the images stored on a USB device, Ms Ring said he then imported them onto a PowerPoint program from which he changed his bank balance from $12.87 to $284,000.

Choi also altered the $1 transfer receipt to reflect a transfer of $100,000 from his account to Crown.

Arriving cashless at the casino on November 14, he was greeted by an executive host who sighted Choi's account balance and the transfer receipt and was advanced $100,000.

After gambling "heavily and unsuccessfully" that night, Ms Ring said Choi the next day was advanced $25,000 in gaming chips.

Arrested in February, Choi told police he had been "desperate" and had lost $200,000 at Crown over several months and "I wanted it back".

Defence barrister Geoffrey Steward said Crown's reaction to that "windfall" had been to ring him and invite him to dinner.

Mr Steward said Choi, 38, dined with a casino marketing executive and was gifted a $600 Louis Vuitton wallet.

"The cynical may say, 'Thank you for losing $200,000, you are welcome any time'," Mr Steward said of Choi's VIP status, which included plane trips, accommodation, limousines, food and beverages.

"You feel like a king, but he was more of a pauper than a king," he said.

Mr Steward told Judge Wendy Wilmoth that Crown did not deserve to lose its money, but to his client it was ''like a monolithic piranha dangling carrots'' of seduction, love and luxuries that were "incapable of resisting".

Choi, a married father of two, described himself as a now-reformed "gamblerholic" who had lost more than $2 million at casinos.

He pleaded guilty to two charges of obtaining a financial advantage by deception and one of making a false document.

Judge Wilmoth sentenced Choi to two years and three months jail, the term suspended for three years, with an order he pay compensation of $125,000.

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Monday, October 17, 2011

WSOP Europe: Michael Mizrachi, Philippe Boucher Capture Bracelets As Championship Event Enters Day 1B - 16th October 2011

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As the €10,000 Championship Event of the 2011 World Series of Poker Europe enters its second Day One on Sunday, poker pros Michael “The Grinder” Mizrachi and Philippe Boucher captured the final two preliminary bracelets awarded on Saturday.

In the €10,000 Split Format No Limit Hold’em event, Mizrachi came back yesterday as a member of the Final Four who would determine the title. In his semi-final match against Roger Hairabedian, Michael slowly worked the heads up match to what was a startling conclusion. On the final hand of their matchup, Hairabedian flopped a set of fives on a J-8-5 board, but Mizrachi was able to best that by turning a straight with his 7-6 when a four found the turn. Once the board didn’t pair on the river, Michael Mizrachi was on to the final.

In the other semi-final match, Shawn Buchanan and Noah Schwartz battled it out for the right to face “The Grinder.” Buchanan methodically worked his way into a comfortable lead against Schwartz before getting him to commit his final chips with a mediocre offering. After a minimum raise from Shawn, Noah decided to make a three-bet stand for his last chips with only an A-5 off suit. Buchanan quickly called, tabling his pocket Kings, and once the board ran dry (albeit with a bit of a flush sweat), Shawn Buchanan was the winner of the match.

As predicted here yesterday, the Mizrachi/Buchanan battle was a fierce one, although Michael came to the felt with a 2:1 chip lead over Shawn. “The Grinder,” true to his name, was able to gradually add on to his lead over the two hours of play; nothing that Buchanan attempted seemed to work as his chip stack slowly slipped southward. The end of the tournament was particularly brutal for Buchanan as, holding an A-J against Mizrachi’s A-10, a ten came on the flop to flip the lead to Mizrachi. Turn and river deuces sealed the deal for the 2010 $50K Poker Players’ Champion, giving him his second bracelet in as many years.

1. Michael Mizrachi (United States), €336,008
2. Shawn Buchanan (Canada), €207,624
3. Roger Hairabedian (France), €112,092
4. Noah Schwartz (United States), €112,092

The final table of the €1500 Six Handed Pot Limit Omaha tournament seemed to be more of a sprint than a marathon, highly unlike major championship final tables. Chile’s Nicolas Fierro came to the final table with the chip lead, but it was a one man wrecking ball by the name of Philippe Boucher who stole the show.

After taking almost an hour and a half before the first player, Jack Ellwood, was eliminated by Boucher, the Canadian pro would then storm his way through the remainder of the field. He would go on to knock off the entire table on his run to the title, only pausing slightly during heads up play against Michel Dattani. On the final hand, Dattani would commit his final chips holding an A-A-J-7 against the A-Q-10-9 of Boucher. After the board ran 6-6-8-J-Q to give him the winning straight, Philippe Boucher would pick up his first WSOP bracelet in just under four hours.

1. Philippe Boucher (Canada), €124,584
2. Michel Dattani (Portugal), €76,982
3. Nicolas Fierro (Chile), €53,426
4. Alexander Dovzhenko (Ukraine), €37,529
5. Jared Solomon (South Africa), €26,676
6. Jack Ellwood (United Kingdom), €19,181

While these two final tables wrapped up action, the first Day One of the €10,000 Championship Event was in play. 310 players eventually wound their way to the tables in the battle for the next WSOP Europe Main Event championship, guaranteeing that this will be the biggest Championship Event in the history of the WSOP Europe. Last year’s total number of players was “only” 346 and the record field for the tournament was in 2007 and 2008, when the tournament drew 362 players.

At the end of Day 1A, 173 players remained, with Jamie Rosen holding the chip lead with 162,700 in chips. Notable names in the Top Ten include the U. K.’s Chris Moorman and Erik Friberg, but there are threats looming down the leaderboard. Two time World Champion Johnny Chan is just off the leaderboard in eleventh place with 108,350 in chips, while Ramzi Jelassi, 2011 WSOP November Niner Ben Lamb, Carlos Mortensen, Will “The Thrill” Failla, Chad Brown and Arnaud Mattern are just some of the names in the Top 25.

Day 1B is currently in play, with 165 players stepping up for the action on Sunday. Some of the players who have made early moves during Day 1B include 2010 WSOP November Niner Filippo Candio, Robert Mizrachi, Tommy Vedes, Shannon Shorr, Bryan Devonshire, Sandra Naujoks, Mike “Timex” McDonald and Bertrand “ElkY” Grospellier. Defending World Champion Jonathan Duhamel, Men “The Master” Nguyen, Jean-Robert Bellande and Sorel Mizzi are all below their starting stacks, with “The Grinder” and Steve Billirakis two of this year’s WSOP Europe bracelet winners already eliminated from the tournament.

Final numbers for the Championship Event aren’t in yet, so the prize pool hasn’t been determined or the first place prize. However it plays out, the 2011 World Series of Poker Europe has been a record breaking schedule with its final stories yet to play out. (Credit: Poker News Daily)

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Saturday, October 15, 2011

Slots Spinning in the Grave at PartyCasino; Halloween Casino Games Promotion

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PartyCasino's latest slots promotion is about Halloween. With the spooky event coming up at the end of the month, PartyCasino.com is providing players with plenty of awesome prizes.

To begin with players can win up to $500 cash simply by playing any of the four remotely Halloween themed slots. These slots are Full Moon Fever, Graveyard Bash, Monster Money and Resident Evil. All are well worth checking out.

Once playing these slots, you'll earn points and as soon as you earn five points you'll start winning prizes. The prizes range from 100 reward points to a $10 cash bonus up to $500 cash.

The promotion began earlier this month and will end on October 31 so be sure to play your way to as many points as you can before then.

PartyCasino is the world's largest and most established online casino brand. The brand is owned and operated by Bwin.Party Digital Entertainment, as listed on the London Stock Exchange.

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Friday, October 14, 2011

Pokie proposal a win-win, Greens say - 14th October 2011

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Limiting poker machines to $1 bets and $500 jackpots is a win-win for all sectors of the gambling industry, Greens leader Bob Brown says.

The Greens have put forward an alternative gambling policy that eliminates the need for controversial mandatory pre-commitment on low-intensity poker machines.

Gambling clubs and operators, including James Packer's Crown Casino, have reportedly set up a $40 million war chest to fight mandatory pre-commitment.

Senator Brown described the Greens' policy as a "win, win win", as it would satisfy the pokie operators while dealing with the $5 billion scourge of problem gambling and satisfying anti-gambling campaigners.

Brown said in Melbourne national politicians felt a responsibility to tackle the problem.
"There's no doubt some clubs will, and potentially casinos and state governments will, see a loss in revenue," he said.

"But this is very well targeted, so that loss in revenue is not going to come from the 90 per cent of ordinary gamblers who put a few dollars through the machines each week, but the problem gamblers," he added.

Greens gambling spokesman Senator Richard Di Natale said he had sent the policy to anti-gambling campaigners Andrew Wilkie and Nick Xenophon, the other independents and the Federal Government.

"We think it's really important that in a very toxic debate, particularly with the clubs running a deceptive campaign in the way that they are doing, that we put another option on the table," he said.

"It gives us more chance of success.

He added it won't get rid of problem gambling altogether, but would have a significant impact and would reduce the risks for problem gamblers.

Mr Wilkie said he was pleased the Greens' policy dovetailed with his reforms, which included $1 bets and mandatory pre-commitment on high-intensity machines.

"I'm continuing to work with the Federal Government to implement our reforms, which have not changed in any way," he said.

Prime Minister Julia Gillard said she was committed to helping problem gambling but wanted venues which would allow people "a good night out".

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Tuesday, October 11, 2011

The Star Casino Hosts Leonardo DiCaprio; Casino VIP Super Whale With Models, by Greg Tingle

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Media and insider reports state Leo is dating Sydney model Alyce Crawford, Murdoch's The Daily Tele... that Leonardo DiCaprio has been gifted a whole floor at The Star (formally Star City Casino) to live in during his four-month stay.

He's been bunkered down there since passing on his former Vaucluse digs because of privacy issues (unwelcome paps), casino spies have revealed that Echo Entertainment top brass Larry Mullin was so keen to get DiCaprio under their roof that a whole floor was transformed into a luxury super-suite.

"Mountains were moved," said our friend at The Star, who reckons the famous actor has a private entrance to his Astral Tower pad to evade the paparazzi.

"The entire thing was refurbished and rebuilt from scratch. It cost a fortune but the directive was 'spare no expense'."

Asked about the plush situation for 'Our Leo' at Star, Tabcorp: "No comment."

DiCaprio does apparently say G'day on occasion with casino workers and others who cross his path.

"He was spotted in Black By Ezard and kept his cap on and head down and didn't engage with anyone. And a few nights later Hugh "Wolverine" Jackman was in there and couldn't have been nicer," said the deep throat.

"He was chatting to staff and taking pictures and having a great time. It was interesting to see the difference."

His ex-girlfriend Blake Lively has moved on, as has Bar Refaeli, with the model photographed in an embrace with Pierre Sarkozy, 25, the son of French Prez Nicolas Sarkozy, at the Paris nightclub Rasputin.

Stay tuned as Media Man and its ever growing "spy" network. As 'Our Leo' says, 'Catch Me If You Can' (and no, it won't likely be at The Star casino).

*Media Man is primarily a media, publicity and internet portal development company.


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Monday, October 10, 2011

Pokie reform may 'kill' Gillard - Abbott - 10th October 2011

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The proposed poker machine reforms could be the issue that kills Prime Minister Julia Gillard's leadership, says Opposition Leader Tony Abbott.

The Labor caucus is not behind the reforms that will force gamblers to pre-set the amount of money they're prepared to lose on the pokies, Mr Abbott told Triple M radio on Monday.

"There's only one person in a position of influence who really wants it and that's Julia Gillard because she needs it to stay in government," he said.

"But I don't think the Labor caucus like it. I think if she tries to ram it through, if she's still the prime minister, this could be (the issue) which kills her."

Labor plans to adopt mandatory pre-commitment systems for high-intensity poker machines by 2014 as part of an agreement with Tasmanian independent MP Andrew Wilkie.

Mr Abbott says the shadow cabinet will meet in the coming days and announce a formal position on poker machine reforms "shortly".

"But I don't like it, it's not Liberal party policy," he said.

"This is taking a sledgehammer to crack a nut, it will be very, very expensive, hundreds of millions of dollars at least to introduce and it's not going to work.

"If you're a problem gambler, you can set your pre-commitment at such a level but you can still gamble enormously.

"And if there aren't pokies, there's the internet."

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MGM Resorts Online Game to Attract New Customers - 5th October 2011

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MGM Resorts International is moving into social gaming in an effort to attract more gamblers to its casinos, said MGM Chief Executive Jim Murren at casino industry conference last Wednesday.

The firm fully expects to soon announce a new social media game, he said, that would be along the lines of Zynga Inc.'s popular online game FarmVille. It would allow players to pretend to be casino moguls, he said.

The game-playing industry and gambling industries, he said, "are on a collision course."

Murren was speaking at the keynote address Wednesday at a conference entitled the Global Gaming Expo.

Murren didn't provide more details about the plans. Among hospitality companies, Marriott International Inc. has created an online game that allows players to manage a virtual hotel restaurant. Marriott's game is designed to be an employee recruiting tool rather than for acquiring customers.

Murren indicated MGM's game would be for trying to grab new customers.

"The demographics of (online) gamers are really right in the strike zone of the gaming industry," Murren said, pointing to the connection between non-gambling gamers and gamblers.

MGM is also among several large casino companies pushing hard for Internet gambling to become legal in the U.S.

MGM generates most of its revenue from casinos on the Las Vegas Strip and also owns around half of a casino in the robust gambling enclave of Macau. The company's stock price has lost nearly half its value since July on concerns of the U.S. economy and, more recently, concerns about a slowdown in growth in China. The company is still carrying a massive amount of debt.

Murren has consistently been among the most upbeat among gambling operators regarding the future of Las Vegas, even in depths of the recession of a couple years ago. He said he sees a wide gulf between what he thinks the company's stock price is and actual financial results and outlook.

"I turned my Bloomberg off about three weeks ago," Murren quipped.

After a deep downturn, both MGM and Las Vegas as a whole have shown signs of sustained but slow improvement in gambling revenue this year. Still, some observers are concerned by continued bad economic signs.

"We have exceeded our forecast and that of the street the last two quarters and had a nice third quarter as well," he said. "The market is valuing us about where we were three years ago in the teeth of recession and it just doesn't connect with me because we don't see anything inside our business that would suggest that that is accurate."

The company is optimistic about growth in Macau, he said, and has developed designs and plans for a new casino there. MGM and other casinos are awaiting government approval for their new projects.

His comments about Macau echoed those of Michael Leven, president of competitor Las Vegas Sands, who on Saturday said at a conference in Las Vegas that the company doesn't see negative signals there despite investor concerns.

MGM is also working on developing around 20 non-casino projects throughout China, Murren said.

Media Man is following up.

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Sunday, October 09, 2011

Exciting News for Online Poker Site, PKR as USA Legalisation of Gambling Sites Edges Closer - 6th October 2011

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The popular UK 3D poker site, PKR could soon go transatlantic and launch in the US after the American Gaming Association's (AGA) contributed to the push for online poker regulation in the country.

Frank J. Fahrenkopf Jr., president and CEO of the AGA, commented: 'There are no longer any good reasons to put USA citizens at risk by continuing to outlaw online poker in the U.S.' The statement comes after the USA Justice Department tried to shut down illegal gambling sites but the number of Americans playing online poker unprotected continues to grow.

PKR has established itself as one of the most playable and secure online poker websites in the UK over the last five years. The campaign in the US for lawful online poker now has the backing of certain state reps from Massachusetts and the prospect of legalisation could open the gates for PKR to expand into a massive market.

The AGA had once condemned online gambling altogether and only changed their opinion due to reports of a threat of unregulated sites currently endangering American players. The prospect of US legalisation of online poker could be potentially huge for PKR as their fully regulated and licensed site already has the foundations to become a massive hit among gamers in the States.

Massachusetts state rep, Dan Winslow also added to the argument for legalisation by arguing the flailing US economy could benefit from the introduction of online poker because of the jobs it will create in game design and regulatory software upkeep - a notion America's 14 million unemployed will welcome.

Back in the UK, it's business as usual for PKR for the meantime but they are very excited by the suggestion of expanding their business across the pond. A spokesperson for the poker games site commented:

'It is still early days yet but it would be a massively exciting prospect to take PKR to the States. The whole regulation of online poker sites debate is unlikely to be resolved overnight however, but at PKR we will be watching closely as we are always keen to develop playing opportunities to improve the gaming experience for everyone'.

It is rumoured the AGA campaign may prompt online poker legislation on a state level first before the whole nation accepts it. However, the campaign certainly looks to have some weight behind it and as far as PKR is concerned, it is a matter of watch this space.

To find out more about PKR or to join in the fun, sign up today www.pkr.com


About PKR

PKR is a revolutionary new concept in online poker that has changed the way the game is played.

Featuring stunning real-time 3D graphics and a uniquely engaging and immersive gaming system, PKR brings an unparalleled and previously unseen level of realism to online poker.

Developed by some of the brightest stars in the video games and poker industries, PKR continues to be the most innovative poker room in the world.

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Saturday, October 08, 2011

PartyCasino News: Retro Cash Blast at PartyCasino

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PartyCasino.com has just come off yet another win, being awarded the prestigious Media Man and Casino News Media 'Online Casino Of The Month' Award. Richard Branson's VirginCasino.com is giving them a run for their money, picking up 2nd place, and new entrant into the Asia Pacific Region, Grand Reef Online Casino has once again picked up 3rd spot. To the winners got the spoils, and congrats to the Bwin.Party Digital Entertainment family.



Online gamblers and gamers who recall the good old days of video games where you would pop a dollar coin and play for hours are going to love this. Remember games like Space Invaders, Pac-Man, Galaga. Then there were pinball machines. Remember when the Cleopatra pokie first hit your local pub or casino. You are just going to love the Retro Cash Blast promotion that is currently running at the world's leading online casino, PartyCasino. The prom runs until 16th October and offers a prize pool of $90,000 and you can snatch your fair share of cold hard cash by playing slots aka pokies and jackpot games. Sinatra slot, Marvel Hero Jackpots, you name it Casino Jack.

The promo applies to most of the games at the casino and has also being worked in with the new slot game entitled Joystick Generation. This is a five-reel slots game which features suitably retro graphics. Some punters think its even better than SlotBox.

For the awesome Retro Cash Blast promotion you will need to Opt In via the PartyCasino website before you can get the action on the way. You will earn points as you net and if you are one of the 400 players with the most points when the promotion ends at 23:59 ET on 16 October you will win a Retro Cash Blast prize, as follows:

Rank 1st – 5th to win $2,000
Rank 6th – 10th to win $1,000
Rank 11th - 15th to win $500
Rank 16th - 20th to win $250
Rank 21st – 30th to win $100
Rank 31st - 45th to win a $50 Cash Bonus
Rank 46th – 75th to win a $25 Cash Bonus
Rank 76th - 150th to win a $10 Cash Bonus
Rank 151st - 400th to win a $5 Cash Bonus

Palladium VIP members will compete on a separate leaderboard for a different range of prizes, so if your a Party VIP check out the PartyCasino website.

All PartyCasino players will earn double points when playing the Joystick Generation game during this promotion.

Visit PartyCasino right now and Opt In and play Joystick Generation to remind yourself just how awesome old-school gaming really was!

Rumour Of The Week: Party to soon get Andre The Giant and Knight Rider online slot games.


Bwin.Party Digital Entertainment Continues To Make Friends In U.S Market; Talks Well Developed...

In a recent interview with eGaming Review, Bwin.Party Digital Entertainment Co-CEO, Jim Ryan, advised re his firm's goal to enter the lucrative US market: “We have made the decision to target strategic partners. At federal level, we are finalising agreements with a couple of parties positioned nicely to operate in that market. In California, we are well advanced with a particular party. The same in New Jersey, consistent with where we are at a federal level.”

California’s legislator announced it will not be pursuing the issue until the start of next year, quite possibly after federal legislation is enacted.

New Jersey State Senator Raymond Lesniak introduced new draft legislation earlier month. His previous proposal made it all the way to Governor Chris Christie’s desk before Christie announced he would not be signing off in the final minutes of a deadline. The Governor cited specifics in the bill that Lesniak believes the latest incarnation addresses.

Media Man is following up the situation.

*The writer has conducted b2 with Bwin.Party Digital Entertainment.

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