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Saturday, August 18, 2018

Ionut Rusu

Vittorio Faricelli Wins Opening Event at WSOP Circuit Foxwoods

Casino News Daily
Vittorio Faricelli Wins Opening Event at WSOP Circuit Foxwoods

The second stop on the 2018/2019 WSOP Circuit schedule is now in full swing, with Foxwoods Resort Casino in Mashantucket, Connecticut currently playing host to the popular series. And a first gold ring has already been awarded to its rightful winner as part of the ongoing poker festival.

Vittorio Faricelli, a real estate broker from Brooklyn, New York, won last night his first piece of WSOP Circuit paraphernalia after a near-miss in Atlantic City earlier this year. The player took down the opening $400 No-Limit Hold’em at Foxwoods after two days of poker action.

The tournament drew a field of 113 entries who created a prize pool of $37,290. The top 12 finishers were treated to a share of the prize pool, with min-cashes starting from $779. Each of the nine final tablists was guaranteed a minimum payout of $963. As for the winner, he collected $11,187 to accompany his gold ring.

This was Faricelli’s fifth cash from the WSOP Circuit and seventh from a WSOP-branded event. Earlier this summer, the player finished in the money in the $1,111 Little One for ONE DROP for $1,593 and The Closer $1,500 No-Limit Hold’em for $4,021.

As mentioned above, the latest WSOP Circuit gold ring winner nearly claimed the piece earlier this year. Faricelli reached heads-up against Joshua Clanton in a $365 No-Limit Hold’em event at Harrah’s Atlantic City, but eventually placed second.

Event Highlights

The opening $400 No-Limit Hold’em at Foxwoods turned out to be Faricelli’s lucky one. The tournament was played over two days. The second day of action saw just three players return to battle it out for the first-place prize and the gold ring.

The eventual champion was holding the chip lead with 774,000 at the time cards were thrown in the air for Day 2 action. Lowell Kim held the second largest stack with 641,000, and James Campbell was the short stack with just under 300,000.

The event’s second day was a relatively short one. Campbell busted in third place for $4,922 and left it to Faricelli and Kim to square off for the gold ring. Faricelli was leading at the beginning of heads-up, but Kim managed to double up early into the match. However, the eventual champion rapidly gained pace to extend his advantage significantly until the final hand was dealt.

The two players got it all in with Faricelli tabling [Ac][6c] to Kim’s [10d][9d]. Faricelli’s ace-high kept him comfortable all the way through the river when he scored a straight for extra advantage. Kim was thus eliminated in second place for a payout of $6,914.

Commenting on his triumph last night, Faricelli said that his general positive attitude has helped him a lot in difficult situations on and off the poker felt. The player said that lately he has been running great not just in poker but in life as a whole. Faricelli recently wed his partner Pamela and is having his best life as a newlywed.

The post Vittorio Faricelli Wins Opening Event at WSOP Circuit Foxwoods appeared first on Casino News Daily.

Friday, August 17, 2018

Ionut Rusu

Poker Player wins $95,000 in UK Tournament, Lost it all Back to Government

BankrollMob News - Poker / Casino / Betting
Poker Player wins $95,000 in UK Tournament, Lost it all Back to Government
In March, a 26-year-old poker player from England won the 2018 Grosvenor United Kingdom Poker Tour Manchester Main Event for £68,930 (around $95,000). However, something he did in the past will take all of his winnings, leaving his pockets completely empty. Adam Lulat managed to defeat a player field of 241 in the £1,000 + £110 Main Event at the 2018 GUKPT Manchester, scheduled from March 1 to 4 at the Grosvenor Casino. He went into the final table as the chip leader and cont[...]
Ionut Rusu

Mystery Prize Gaming Machines Now Deemed Illegal Gambling in Singapore

Casino News Daily
Mystery Prize Gaming Machines Now Deemed Illegal Gambling in Singapore

Mystery prize vending machines are now illegal in Singapore, according to an announcement made by local police cited by news outlet the Straits Times. A ban on the machines is being rolled out as their number has grown tremendously over the past year and at least four operators of such devices have been found to have set up business in shopping malls, retail stores, and arcades across the city-state.

Generally speaking, the machines in question dispense random non-monetary prizes upon receiving a cash payment by players. They usually charge between S$5 and S$10. The “mystery box” prizes they dispense are usually of low value, but operators of the machines often promote them as ones that offer customers the chance to win big prize such as gaming consoles and smartphones.

According to a Thursday statement by the local police, the devices represented a form of public lottery and were therefore breaching provisions of the Common Gaming Houses Act. The statement further read that operators of such vending machines were advised to cease their operations. Under Singapore’s gambling laws, violators of its provisions face prison time of up to five years and fines of between S$20,000 and S$200,000.

The machines originally gained popularity in Japan, Malaysia, and Taiwan, but have quickly taken off across Singapore over the past year, the Straits Times reports.

Claw Machines Not Gambling

Police clarified that unlike “mystery box” machines, those at arcades that allow customers to grab a prize with a claw in exchange for a certain fee, are not considered illegal gambling. The reason was that players can easily see the prizes they are paying and playing for.

When asked whether other forms of mystery boxes, including ones offered on e-commerce platforms, should be deemed gambling, authorities said that it is up to the public to seek legal advice on matters of this nature.

Commenting on whether mystery prize vending machines posed a threat to players, addiction specialist Thomas Lee told the Straits Times that he did not think the risks of addiction were that big. He went on to say that the only real danger is that children can get hooked up and spend money on them.

According to the expert, the idea behind gambling is that people wager on a random outcome, on something they do not have control over, and that it does not really matter whether there is something at the end or not, as it is still gambling.

The Straits Times further reports that mystery prize vending machines across a number of shopping malls, arcades, and stores have been removed overnight, following the Thursday statement from the police. However, there were still several facilities that featured the devices, with their owners claiming they did not know that those were now illegal.

The post Mystery Prize Gaming Machines Now Deemed Illegal Gambling in Singapore appeared first on Casino News Daily.

Ionut Rusu

Ticket to ride: Bacta highlight safety commitment with ADIPS

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Ticket to ride: Bacta highlight safety commitment with ADIPS

Bacta has launched an educational campaign to promote awareness of the key safety issues and responsibilities in relation to coin-operated children’s rides

Ionut Rusu

Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

Casino News Daily
Jeju Shinhwa World Casino Thrives Despite Chinese Boycott

The Jeju Shinhwa World integrated resort located on South Korea’s Jeju Island has raked in KRW369.4 billion (approximately $327.7 million) in revenue since its grand opening in February, local news outlets report. The property features one of the island’s nine casinos as well as a number of non-gambling options.

The reported figure places Jeju Shinhwa World well ahead of its local rivals. According to official data, Jeju Island’s other eight casinos generated the total amount of KRW136.5 billion during the same reviewed period. In addition, the Jeju Shinhwa World resort took in around five times more than South Korea’s biggest casino, Paradise City located in Incheon.

The Jeju Island-based resort was developed and is operated by Hong Kong-based real estate developer Landing International Development. The company commenced construction on what turned out to be a KRW2-trillion mega-scheme in 2014 and began opening the property in phases from April 2017. Aside from a gaming floor, the resort also features a hotel, a convention center, retail space, theme and water parks, a concert hall, and multiple food and beverage facilities.

Jeju Shinhwa World welcomed some 350,000 international visitors since it launched and around 115,000 played at its casinos, the resort has revealed.

Jeju Shinhwa World Shines amid Rivals’ Struggles

The Jeju Island has long been a popular hub for Chinese tourists. However, the island was among the places around South Korea to be hit the hardest last year by the economic cost of China’s unofficial but wide-ranging boycott of South Korean goods.

Among other things, Beijing banned group tours to Korea which saw the number of Mainland China visits to Jeju fall steeply. As a result, the island’s casinos, which relied heavily on Chinese VIP customers, experienced sharp declines in their gaming revenues.

Jeju Shinhwa World, on the other hand, appeared to have adopted a different model that eventually helped it mitigate the consequences of China’s ire. Instead of relying solely on Chinese customers, the resort stepped up its efforts to attract visitors from other countries in the Asia-Pacific region.

Serena Eng, Vice President of Marketing at the casino, said that they assembled teams that had to draw and cater to VIP guests from Japan, Hong Kong, Macau, and Taiwan and hired more staff that spoke Cantonese and Taiwanese Mandarin instead of relying solely on Beijing-style Mandarin-speaking staff members. That helped Jeju Shinhwa World reduce the proportion of its guests from China to just 50%, compared to up to 90% at other resorts across the Asia-Pacific region.

In addition, the resort’s casino paid special attention to VIP marketing as it derived 80% of its revenue namely from high roller players. The gaming floor at Jeju Shinhwa World currently features 165 gaming tables and half of these are dedicated to VIP players. In comparison, other resorts across the Jeju Island use just about 15% of their tables for high roller gaming action.

The post Jeju Shinhwa World Casino Thrives Despite Chinese Boycott appeared first on Casino News Daily.

Thursday, August 16, 2018

Ionut Rusu

Gaming Laboratories International (GLI®) Welcomed more than 80 Representatives from 19 Countries to its 11th Annual Latin American and Caribbean Regulators Roundtable

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Gaming Laboratories International (GLI®) Welcomed more than 80 Representatives from 19 Countries to its 11th Annual Latin American and Caribbean Regulators Roundtable

Gaming Laboratories International (GLI) welcomed more than 80 representatives from 33 government entities and 19 countries from Latin America, the Caribbean and Spain to its 11th Annual Latin American and Caribbean Regulators Roundtable. 

Ionut Rusu

Sports Betting to Unlock Increased Fan Engagement from Younger, more Affluent Adults

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Sports Betting to Unlock Increased Fan Engagement from Younger, more Affluent Adults

Sports betting adults are more affluent, younger, more diverse and better educated adults than the general population, according to an American Gaming Association (AGA) commissioned study from Nielsen Sports.

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