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Wednesday, January 31, 2018

Ionut Rusu

Aristocrat’s Dragon Link™ showing much eastern and western promise

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Aristocrat’s Dragon Link™ showing much eastern and western promise
Aristocrat Technologies’ new Dragon Link™ game, being launched to European markets on Stand S3-250 at ICE, has received further endorsement for its crowd-pleasing abilities following publication of the latest Eilers- Fantini Quarterly US Slot Survey
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Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing

Casino News Daily
Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing

An on-and-off Academy Award winning actor, frontman of 30 Seconds to Mars, the band holding the Guinness record for the longest concert tour with 309 concerts, and a tech investor, Jared Leto also seems to have familiarized himself with the bitcoin craze as he has recently joined the growing debate over the nature of cryptocurrency investing.

In an interview with Australian radio station Nova, Leto presented his opinion on the matter, slamming bitcoin investing as gambling. The multi-faceted artist warned future investors against putting their money into bitcoin. He called cryptocurrency investing gambling and speculation, and went on to say that the activity is not something a person who could not afford to lose their money should delve into.

Leto’s comments come at a time when bitcoin and those investing in it are having a bit of a hard time. The virtual currency’s price reached an all-time high of $19,343.04 in mid-December, but growing regulatory pressure from different parts of the world and other factors resulted in its price dropping significantly overnight, spurring fears that any investor’s worst nightmare of a bubble burst could come true. At the time of writing, bitcoin’s price stands at $10,083.85, up slightly from earlier today when it tumbled to $9,748.53.

While we cannot say whether Leto’s knowledge is extensive enough, it should be noted that his opinion about the gambling-like nature of cryptocurrency investing is shared by many financial experts and analysts.

Regulators’ Stance on Cryptocurrency Investing

Due to the volatility of bitcoin and altcoins’ prices, investing in these has often been referred to as gambling. The Bank of Canada has recently become the latest financial institution to join the debate over the proper definition of cryptocurrency investing.

In an interview with business news outlet CNBC, Canada’s central bank governor said that bitcoin investing is gambling and not actual investing. The official further pointed out that the Bank of Canada will be working with regulators from different parts of the world for crafting regulations aimed to put limitations on certain aspects of cryptocurrency investing and trading.

While digital currencies and investing in those are considered a form of gambling by many, actual gambling regulators have pointed out that they have no authority over the regulation of the activity. The Netherlands Gaming Authority was one such regulatory body to comment on the matter. The regulator said in a statement that under the country’s current gambling regulations, cryptocurrency investing cannot be defined as any form of gambling and it thus does not fall under its purview.

The Actual Link between Cryptocurrencies and Gambling

The potential of digital currencies has been spotted by the global gambling industry. A number of online gambling operators have added cryptocurrency transactions to their lists of available payment options, and many more are expected to follow suit. Generally speaking, cryptocurrencies allow a relative anonymity, cutting out banks and other third-party financial institutions.

The UK Gambling Commission has been among the regulators to acknowledge the use of bitcoin and altcoins for gambling-related transactions, as long as these are conducted between UK gambling customers and UK-licensed operators. However, the regulator has warned of the risks of transactions of this type.

The post Actor, Musician, and Entrepreneur Jared Leto Warns Against Gambling-Like Bitcoin Investing appeared first on Casino News Daily.

Ionut Rusu

C6 forms partnership with the European Casino Association

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C6 forms partnership with the European Casino Association

he European Casino Association (ECA) has announced today a new partnership with C6, a leading provider of global risk intelligence tools and systems to the land-based casino industry.

Ionut Rusu

Online Poker's 20th Anniversary

BankrollMob News - Poker / Casino / Betting
Online Poker's 20th Anniversary
January 1, 2018 is the 20th anniversary of online poker, ever since Planet Poker became the very first virtual card room to host real-money games. Planet Poker ran online poker games at approximately nine months before the film Rounders launched in movie theaters. If you have played at Planet Poker in the past, you will surely feel those nostalgic, and for sure you have been one of those who patiently played online poker via dial-up modems! Planet Poker was the very first virtual card room to a[...]

Tuesday, January 30, 2018

Ionut Rusu

Interblock Adds Seasoned Gaming Expert Paul Sheppard to North America Team

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Interblock Adds Seasoned Gaming Expert Paul Sheppard to North America Team

Paul Sheppard to Serve as Stadium Implementation Manager

Ionut Rusu

Casino Giants Register Interest in Cairns Global Tourism Hub Plan

Casino News Daily
Casino Giants Register Interest in Cairns Global Tourism Hub Plan

Major casino companies have registered interest in participating in a project for the construction of a A$1-billion integrated resort in the city of Cairns, the Queensland government said earlier today.

The Global Tourism Hub scheme was introduced last fall. It involves the construction of a multi-purpose complex with a casino as well as a number of accommodation, food and beverage, retail, and entertainment facilities. Under the original proposal, the resort could be built on a four-hectare state-owned site at the city’s port. However, MPs said last year that it can technically be located anywhere within a 70-kilometer radius from Cairns.

The Queensland government opened a Registration of Interest process on October 30, 2017, and interested parties had up until January 23 to submit their responses.

It became known earlier today that over 12 registrations were submitted, and some of them came from several globally renowned casino operators. The government said that it would not reveal the applicants for commercial-in-confidence reasons. However, it pointed out that registrations included a mix of state, national, and foreign casino brands.

Local media reported that officials were encouraged by the overwhelming interest in the A$1-billion project, particularly given the fact that some of the world’s biggest casino companies have submitted their registration of interest responses. MPs told media that their exceeded expectations were a good indication that their choice of Queensland’s Tropical North as the preferred home to the future development was the right one.

The proposal for the development of the Global Tourism Hub came as part of the Queensland government’s efforts to further boost the state’s tourism industry, which is believed to be worth A$25 billion and to be employing 200,000 people.

Who Might Have Registered Interest?

While the Queensland government has decided against naming the operators that were interested in building a casino as part of the Global Tourism Hub, we believe that Las Vegas giant Caesars Entertainment Corp. may be one of these. Last spring, the company revealed plans for geographical expansion. It said that it would explore opportunities to enter new markets once its main operating unit emerged from bankruptcy.

What is more, reports emerged last June that Caesars was interested in entering the Queensland casino market through a partnership with Chinese-backed group of investors ASF Consortium, which was picked by the government to develop the A$3-billion Gold Coast Integrated Resort. Several months later, the government rejected the plan, citing environmental concerns and general discontent among Gold Coast residents.

Cambodian casino operator NagaCorp may be another operator to have registered interest in the Global Tourism Hub scheme. Casino News Daily reported last August that the company, which currently operates the NagaWorld Hotel & Entertainment Complex in the Cambodian capital Phnom Penh, had set eyes on Cairns as a potential destination for its international expansion.

With the conclusion of the Registration of Interest process, the Queensland government is set to launch an Expression of Interest process for interested parties. It is also important to note that the government also undertook a community consultation last year. Members of the public are able to voice their opinion on the Cairns project until February 11, 2018.

The post Casino Giants Register Interest in Cairns Global Tourism Hub Plan appeared first on Casino News Daily.

Ionut Rusu

888poker XL Blizzard Main Event won by �Pepepepepe.' for $183,867

BankrollMob News - Poker / Casino / Betting
888poker XL Blizzard Main Event won by �Pepepepepe.' for $183,867
From January 18 to 28, 888poker has presented their XL Blizzard Series, regarded to be one of their best online series to date. What makes the XL Blizzard Series a very nice one to go to is because it is nicely split between three various buy-in levels in order to give everyone a chance to play in a splendidly structured tournament and to compete for a massive first place reward. On the very last day of the 888poker XL Blizzard Series, there were four tournaments scheduled as the final ones to[...]

Monday, January 29, 2018

Ionut Rusu

Fallout continues over Steve Wynn sexual misconduct allegations

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Fallout continues over Steve Wynn sexual misconduct allegations

Fallout over sexual misconduct allegations and the resignation of Steve Wynn as Republican National Committee fundraiser mounted Sunday as calls increased for lawmakers and groups to return contributions and disavow support.

Ionut Rusu

Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors

Casino News Daily
Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors

While PokerStars Team Pro seems to be thinning with each week passing, the case is exactly the opposite with its rival poker operator partypoker and its team of sponsored players. It was announced earlier today that German poker Philipp Gruissem has become the latter poker room’s newest brand ambassador.

The player is joining a growing team of sponsored players, which includes fellow countryman Fedor Holz, among a number of others.

With live tournament earnings of over $11 million, Gruissem is one of his homeland’s most successful poker professionals. And here it is important to note once again that over the past several years, Germany has turned into a superpower in the world of poker thanks to its players who have been dominating high roller fields for the past several years.

Gruissem, in particular, has been quite active on the high roller scene and has taken down an impressive amount of such tournaments, hence his bankroll. The player won his largest cash namely from a high roller event. Back in 2013, he topped the field of the WPT Alpha 8 London £100,000 No-Limit Hold’em, good for £862,400.

A year later, the German took down the EPT Season 10 Grand Final €25,500 High Roller 8-Max for another massive payout of €993,963. The player won the same event in 2017, this time for €485,135. Overall, he has cashed in 54 live tournaments over the course of his poker career, and as it can be seen some of his payouts have been quite impressive.

Gruissem has also been playing online for quite some time. In fact, the player has revealed that he won his first ever online tournament on partypoker under the ‘philbort’ screen name. He has also pointed out that it was this victory (which brought him $200) that encouraged him to learn more about the game and delve deeper into its particularities.

partypoker’s Expanding Team of Ambassadors

As mentioned earlier, the online poker room has expanded its Team partypoker significantly over the past two years, signing poker heavyweights such as Fedor Holz, Jason Koon, Dzmitry Urbanovich, and Kristen Bicknell, and now Gruissem.

On the other hand, PokerStars Team Pro, the team of sponsored players of partypoker’s rival online poker brand, has lost some of its big names. In fact, four players have parted ways with PokerStars since the beginning of the year, with those being Vanessa Selbst, Jason Mercier, Felipe Ramos, and most recently Bertrand Grospellier.

While the players have cited different reasons for their departure, it can be said that many of them have probably decided to end their contracts with the poker room, due to the wave of changes in its rewards program it has been rolling out for the past two years or so. Generally speaking, these changes are aimed at attracting recreational players while poker professionals consider them less friendly.

Isaac Haxton has been one of the most vocal critics of PokerStars’ new policies. The player was part of the poker brand’s Team Pro, but severed ties with it in early 2016, claiming that it had behaved “unethically”. It was announced last week that Haxton has too joined Team partypoker as ambassador for the poker operator.

The post Philipp Gruissem Joins partypoker’s Cluster of Poker Celebrity Ambassadors appeared first on Casino News Daily.

Ionut Rusu

Philipp Gruissem joins partypoker

BankrollMob News - Poker / Casino / Betting
Philipp Gruissem joins partypoker
Philipp Gruissem, German professional poker player, began playing live poker 9 years ago and has been competing at the highest level ever since. Gruissem has won many high roller and super high roller titles including his biggest live tournament cash, the 2014 Monte Carlo €25,000 High Roller event, where he took home $1,378,059. Phil also went on to win the same event in 2017 for almost $530,000. His live earnings now stand at over $11 million. Gruissem read his first poker book and sta[...]