New Report Confirms Waukegan Casino Plan Gains Traction

New Report Confirms Waukegan Casino Plan Gains Traction


The process related to the new casino location in Waukegan is lengthy. Yet, a new report reveals that the operator secured important approvals which help clear the path and may enable Full House Resorts to start the building process this year.

Full House Resorts Secures Approvals in Waukegan

Earlier this week, the City Council approved the company’s development and lease agreement, Lake County News-Sun revealed. This means that Full House Resorts would now seek approval from the gambling regulator in the state, the Illinois Gaming Board (IGB). Such approval would enable the operator to proceed with opening the new casino location.

However, the process itself isn’t as straightforward as it sounds. Per the development plan, initially Full House Resorts will build a temporary venue, which is likely to open its doors to visitors this year. Then, the developer is expected to start the work for a permanent casino resort which is planned to be completed in three years. Finally, once that permanent development is completed, a further extension that includes hotel accommodation can be completed in the following two years.

The state gambling license is the last thing. We are approving the final documents to allow them to commence operations.

Stewart Weiss corporation counsel for Waukegan, Illinois

Waukegan’s corporation counsel, Stewart Weiss, acknowledged that the latest approvals mark a major step for Full House Resorts and are needed before the gambling regulator gives approval for the temporary casino to start operating. He pointed out that the company will now go through “inspections and licensing with the IGB.” Still, Weiss pointed out that licensing marks the final step before the developer can commence operations.

The Project Is Expected to Deliver Taxes, Boost the Local Economy

The massive project planned for Waukegan is expected to boost tourism and bring economic stimulus to the region. What’s more, the city’s coffers will receive a boost from licensing fees, as well as taxes. This will undoubtedly benefit Waukegan’s economy to recover quickly from the impact of the pandemic.

Besides retail gambling, hospitality and other entertainment venues, there’s a lot of potential in the online gambling market in Illinois. But it is yet to be confirmed whether or not lawmakers will take a step forward toward legalizing the activity.



Source link

California Tribe Sponsors American Express Golf Tournament

California Tribe Sponsors American Express Golf Tournament


Details of the new collaboration emerged Friday and see the Tribe become the official sponsor of the event, as announced by Indian Gaming.

The new collaboration kicks off with this year’s edition of the tournament planned to start on January 16. However, this will not be a one-time deal as the Twenty-Nine Palms Band of Mission Indians will remain in the capacity of a sponsor of the tournament throughout 2028.

Thanks to the new collaboration the Tribe will benefit from unique brand exposure. Under the terms of the agreement, some 1,200 volunteers will display the Twenty-Nine Palms Band of Mission Indians’ Spotlight 29 Casino logo. Moreover, the Tribe will also benefit from exposure via all of the volunteer platforms.

The prestigious golf tournament will be taking place at PGA West’s Stadium, as well as La Quinta Country Club and Nicklaus Tournament Courses in California. Starting from January 16, the tournament will run through January 22.

The American Express PGA Tour Golf Tournament will include three days of pro-am events. Finally, the American Express Concert Series will wrap up the tournament with events planned for January 20 and 21 which will include stars Gwen Stefani and Darius Rucker.

Darrell Mike, Twenty-Nine Palms Band of Mission Indians’ chairman, shared his excitement about the latest announcement. He pointed out that the Tribe acknowledges the importance of this tournament and the unique opportunity to support the volunteers that participate in it. “We are thrilled to be able to be a part of this time-honored tradition,” said Mike in conclusion.

This event has always been a community-driven tournament, and we feel fortunate to be able to help support the more than 1,200 volunteers who make the week run smoothly.

Darrell Mike, chairman of the Twenty-Nine Palms Band of Mission Indians

As a federally recognized Native American tribe, the Twenty-Nine Palms Band of Mission Indians has established a presence in southern California and has a strong bond with the community in the region. Its Spotlight 29 Casino helps contribute to the local economy and at the same time boosts tourism and visitation. Currently, the Tribe employs more than 700 people and supports different Tribal and government programs.



Source link

Macau Gaming Diminished Amid New Covid Scourge

Macau Gaming Diminished Amid New Covid Scourge


Unofficial reports are coming out of China and its administrative districts of Macau and Hong Kong of widespread SARS-CV-2 infections among the populations.

On the heels of civil unrest related to Beijing’s “zero-Covid” policy, the government has decided to ease restrictions and learn to live with the virus, easing restrictions and opening borders.

In Macau, as many as half of the casino employees are currently infected at one property on Cotai, according to a report in IAG quoting an unnamed source that works at the casino property.

The Chinese government is not known for transparency or accurate public reporting, according to western media, so anecdotal reports from trusted sources are about as close to the truth on the ground as most people are going to get.

Only 1/6 Infected According to Officials

According to GGRAsia, official numbers as of Friday indicated that about 1/6th of Macau residents had tested positive for the virus. However, at least three casino resorts and many food and beverage outlets have been closed recently.

The media source surveyed Macau concessionaire websites for closures and found that well over a dozen food and drink establishments at Galaxy Macau were showing as “temporarily closed until further notice”.

It was unclear whether staffing shortages were responsible for the closures with only 3 listed as being “temporarily closed from 25 to 27 December”.

While no reason was given, Wynn Palace noted on its website: “We have adjusted the operating hours of, or closed, certain parts of our facilities”.

The website notices were similar elsewhere with some properties not listing any updates for restricted hours or temporary closures.

While some areas of the world isolated from foreigners, tracked the viral outbreak, quarantined, and vaccinated the population successfully, China’s policy of zero tolerance combined with perhaps less effective vaccines has left the population vulnerable with very low effective “herd immunity”.

World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus criticized the country’s zero-covid policy back in May, stating that it was not sustainable and urged them to relax it.

Too much relaxation, too fast, has created a situation that will render unpredictable results. The spread of the virus may be next to impossible to track now since mandatory testing has been abolished and the population of more than 1.4 billion residents no longer have travel restrictions within the country.

Expecting a Quick Turn-around

However, some locals are expecting a fairly quick turn-around.

A gaming industry representative told Inside Asia Gaming, “There is now a massive infection, and it’s happening so fast that the public is even fearful, which seems to be more than anyone expected. We can only hope for a real recovery in the second half of January, once the people of Macau have become accustomed to living with the virus.”

Investors seemed to experience a disconnect on Tuesday as share prices rose. In late November Macau gaming stocks soared, some with their greatest gains ever after the government announced that six new concessions for 10-year licenses would be granted to the existing operators.

The edging up of stock prices seemed to be triggered by the announcement that international visitors would no longer be subjected to a 5-day quarantine after January 8, 2023. All that will be needed is a negative test result in the 2 days prior to arrival.

Chinese authorities also indicated recently that no more reporting of Covid deaths would be forthcoming and close-contact tracking would be discontinued.

Source: Macau outbreak: over 50% of concessionaire employees said to be infected, operations severely affected, Inside Asian Gaming, December 25, 2022

The post Macau Gaming Diminished Amid New Covid Scourge appeared first on Casino News Daily.

Source link



Source link

Million-Dollar Pool up for Grabs for the 2023 PGT Championship

Million-Dollar Pool up for Grabs for the 2023 PGT Championship


Set to start next week, the 2023 PGT season is expected to gather some of the best-ranked poker players.

PGT Championship Pits the Best Poker Players

The prestigious PGT Championship will feature a staggering $1,000,000 prize pool. The winner of the 2023 PGT will collect a hefty $50,000 prize along with the title PGT Player of the Year. According to PokerGO, seats for the 2023 PGT Championship will be awarded to the top 40 PGT players.

Additionally, a separate group of “Dream Seat” winners will also have the chance to join the prestigious event. Those dream seats include players that secured exclusive entry to the PGT Championship via unique promotions and special events.

In addition to the $1,000,000 PGT Championship prize pool and $50,000 season-long leaderboard prize, series leaderboard bonuses of $50,000 will be awarded for each of the PokerGO Cup, US Poker Open, and Poker Masters, and $25,000 for each of the PGT Mixed Games and PGT PLO Series,

a statement released by PokerGO explains

The PGT Delivers Unique Opportunity for Poker Players

Mori Eskandani, PokerGO’s president, explained that one of the main goals of the PGT is to help expand the popularity of poker while delivering unique entertainment for some of the best poker players. He pointed out that the PGT Championship will meet some of the best poker players in the world who will compete for a $1 million prize pool. Moreover, Eskadani said that the Championship will “provide an exclusive group of PGT Championship Dream Seat winners with an opportunity of a lifetime to compete in one of poker’s most prestigious events.”

The PGT is committed to growing the game at the highest levels and celebrating the best players in the world.

Mori Eskandani, president of PokerGO

Elsewhere in the world of poker, earlier this week, GGPoker became a title sponsor of the 15th edition of the Dublin Poker Festival. The leading poker operator joined forces with the Festival which is set to run between February 16 and February 26.



Source link

Playson and Grand Casino Baden Partners Up to Deliver the Premium Content to Players

playson


One of the fastest-growing digital entertainment suppliers, Playson and Grand Casino Baden, have partnered up. Grand Casino Baden is one of the largest casino operators in Switzerland, which makes this deal even more significant than usual. 

Playson’s impressive portfolio of casino games will be included in one of the operator’s online brands, Jackpots.ch. Some of the games included are recent releases such as Lion Gems: Hold and Win, Wolf Power Megaways, and Diamond Fortunator: Hold and Win.

The oldest online casino in the country:

Grand Casino Baden offers many casino games that players love. It operates in the regulated Swiss market as a land-based B2C operator.

The first online casino in Switzerland was one of the Grand Casino Baden’s brands, Jackpots.ch. It was also the first site to go live via the popular Gamanza platform

Stadtcasino Baden Group has been the owner of the Gamanza Group since 2021, and so far, this has been a great success.

This partnership enabled both parties to achieve massive success: the supplier was able to deliver extraordinary titles and promotional tools to a vast network of players across all regulated markets.

Conquering the old continent:

Playson is currently present in over 18 regulated markets. Its portfolio consists of 85 thrilling casino games that are tested and certified in famous European markets such as Malta, Italy, Sweden, Spain, the UK, and Romania – and now, recently adjoined Switzerland.

And what draws all these operators and aggregators to Playson? For instance, the company’s games possess engaging math and mechanics. There is also a range of promotional features, promotional consultancy, and regular in-house network promotions, as well as 24/7 customer support that make working with Playson the most pleasurable experience

Blanka Homor, Sales Director at Playson, said: “We’re pleased to have reached an agreement with Grand Casino Baden, one of the most prominent operators in Switzerland.

“The deal not only allows us to grow in a key market but also offers our popular titles to more players across the country. We hope to continue growing in Switzerland and reach more significant deals with local operators.”

Brian Christner, Chief Online Gaming at Grand Casino Baden, added: “We’re delighted to have Playson on board with us, integrating its much-loved titles into our product offering is fantastic news for our players.

“As one of the biggest online casino operators in the country, it’s important that we continue delivering rich gaming experiences. I’m confident that we will do just that, with Playson’s engaging content now available on our site.”





Source link

Enduring Lawsuit on Arkansas’ Legends Resort and Casino License Close to an End

Enduring Lawsuit on Arkansas’ Legends Resort and Casino License Close to an End


According to Arkansas Advocate, Judge Timothy Fox is expected to rule on the matter of Legends Resort and Casino and their entitlement to open a new casino in Pope County. The ruling will be made public in the upcoming days, putting an end to the four-year controversy regarding who should be the rightful operator of the fourth authorized casino in Arkansas. 

The Four Casinos’ Rule 

In 2018, the state approved Amendment 100 to the Constitution 2018, which gave the green light to casino gambling. The same amendment limited the number of state casinos to four. Half were approved at the state’s Oaklawn (Hot Springs) and Southland (West Memphis) racetracks. 

A new casino was approved for Jefferson and the last venue was dedicated to Pope county.

Quapaw Nation rapidly received the support of local officials around Jefferson’s Pine Bluff and obtained a license to build Saracen Casino Resort. 

The casino that is located 40 minutes from Little Rock hosts an 80,000-square-foot gaming area complete featuring more than 1,800 slot machines, a poker room, 40 table games, and four on-site restaurants. Last September, the commission approved a pitch by the Saracen Casino in an attempt to connect the state’s gambling machines with machines from other states. 

Pope County’s fourth casino license, however, became more complex and hard to follow. For starters, the Arkansas Racing Commission chose not to give the license to any of the five applicants for the 2019 period. This was because the applicants failed to obtain a letter of support from Pope County’s officials.

The commission that regulates thoroughbred and greyhound racing in the state handed the license for a fourth casino to Gulfside Casino Partnership a year later. At the same time, the Arkansas Supreme Court decided that Gulfside’s support letter obtained from the previous Pope County judge was not a valid one. The argument was that the judge had not been in office at the time of Gulfside’s application. 

Clearing the Way for Cherokee Nation 

Accordingly, the commission decided to award the license to Cherokee Nation Businesses LLC/Legends Resort and Casino LLC toward the end of 2021. The company had a problem building the casino because its license was put on hold following Gulfside’s appeal. According to the latter, Legends does not possess the necessary experience needed to operate a casino venue. 

At the same time, the Cherokees argued that Cherokee Nation Businesses, which is entitled to run a gambling venue, is Legends Resort and Casino LLC’s only member. They also explained that Legends is also a consultant that Cherokee Nation Business had partnered with.

Judge Fox spent most of Wednesday’s hearing confirming the freshest timeline and additional details regarding this case, explaining that he wanted to make sure that the record would be complete for the Supreme Court. 

Legends attorney and former state Attorney General Dustin McDaniel also filed a complaint against Pulaski County’s circuit judge, further showcasing the parties’ frustrations regarding the speed and manner in which Fox tackled the case. During a Tuesday hearing, Fox gave several parties the chance to ask for his recusal. None of the parties took the opportunity to request a recusal. 



Source link

Betting Media Firm Betsperts Acquires Bleacher Nation in Cash Plus Equity Deal

Handshake


Chicagoan agreement

Sports betting social media network the Betsperts Group has snapped up fellow Chicago-based firm Bleacher Nation in a cash plus equity transaction.

a database of more than 25 million users

Betsperts did not announce the cash value of the deal with Bleacher Nation but, according to a Wednesday statement, the acquisition includes a database of more than 25 million users and more than 225 million page views in the last year.

Betsperts took to Twitter the same day to welcome the sports news website into its fold:

Betsperts Group CEO Reid Rooney expressed his firm’s readiness to work with Bleacher Nation and expand its content reach, adding that the newly acquired firm “has built an incredible relationship with Chicago fans and sports fans all over the world.”

A growth spurt

Betsperts, which provides content, analytics and advice to sports bettors, has enjoyed significant growth since closing two seven-figure funding rounds in 2020. This was followed by a $6m hike in 2021 and revenue growth of 350% in 2022. Bleacher Nation is Betsperts’ fourth acquisition in the last 18 months. 

Industry influencers such as longtime investor and ex-FanDuel and Barstool exec David VanEgmond and board member Matthew Berry intersperse the Betsperts organization. It also benefits from celebrity and athlete investors like Kevin Durant, Chris Paul, Kyle Busch, Evan Longoria, and Darius Rucker.

Rooney stated on Wednesday that his firm will be profitable this year and that 2023-24 will prove:

exciting growth years for the business in revenue, profitability, and traffic.”

Key to that growth is Bleacher Nation, who’s coverage of Chicago’s major professional sports franchises, including the Chicago Bears, Chicago Bulls, and Chicago Cubs, since 2008 has secured it an extensive fanbase in Illinois and beyond.

Next steps

Author at Bleacher Nation and new vice president of strategic growth at Betsperts, Michael Cerami, spoke of a “shared vision for the future” that the sports content giant can reach with “the additional support and resources of Betsperts.” He added:

We are confident our readers are going to love what comes next.”

Rooney confirmed on Wednesday that Betsperts has already closed on its first $3m for a Series A2 raise. He added that Besperts was “excited to finalize the rest of this raise in January or February and make sure we are executing our strategy moving forward.”

It’s an exciting time for sports betting firms in Illinois after the state broke the $1bn barrier in handle for October, a feat only previously achieved by New York, Nevada, and New Jersey.

The post Betting Media Firm Betsperts Acquires Bleacher Nation in Cash Plus Equity Deal appeared first on VegasSlotsOnline News.

Source link



Source link

Videoslots Appointed Matthew Muscat as New CFO

Videoslots Appointed Matthew Muscat as New CFO


A strong finish in 2022 was one of the best foundations to build upon for this year’s roadmap but making sure you have the right people in the top positions doesn’t hurt either.

New CFO to Kick Off 2023

This marks Muscat’s top position at the company so far, climbing from the head of finance to becoming a finance director, and now – CFO for the company. Muscat has been at Videoslots since April 2019, so his huge career progress has taken him less than four years in total at the leading operator’s company.

Muscat’s previous experience was with the sports betting company Bethard Group, where he was a senior finance manager. Going even further back, his experience in finance only shows itself enriched, with additional specialized capabilities in accounting and auditing. So, his background is diverse, and his experience at Videoslots has only added to that.

“Matthew has been a huge asset to the finance team at Videoslots and his dedication made him a stand-out candidate for the role of CFO” said Ulle Skottling, deputy chief executive officer at Videoslots said. This sentiment carries a lot of weight, as Videoslots has been growing and evolving as a company very well lately.

“The finance team here is a hugely important part of how the company operates and my job will be to ensure that we make things as smooth as possible for all our partners and customers” Muskat himself commented on his promotion at the operator. He added his gratitude for the trust indebted to him with this new position.

Videoslots Had a Strong 2022

2023 is a potentially big year for Videoslots, and management preparations aren’t limited to the new CFO. A new chief operating officer was appointed last August in the face of Eamonn Faulkner. He is a veteran with momentous experience from companies such as Betfair and DraftKings, and his style of problem-solving meshes perfectly with Videoslots.

 The Pennsylvania launch of the Mr. Vegas brand is slated for this year, so that’s a big source of expectations for execution. This comes in partnership with Caesars Entertainment, which will serve as the market entry point for Videoslots. The joint venture marks a fantastic opportunity for Videoslots to expand its market reach.

In that train of thought, the leading operator has also gained a good foothold in Italy through its partnership with Stakelogic, where some of Stakelogic’s content will be available on Videoslots, solidifying the presence of both companies in the overall European gambling market. That’s not all for Videoslots, however.

The partnership with MGA Games in the Spanish market was also made late last year, with the Videoslots Casino game catalog growing even more. This also helps boost MGA’s global presence, so it’s a safe bet to assume this one also goes in the good folder for both companies.



Source link

Bet365 boss Denise Coates was paid more than £260m in year to March | Executive pay and bonuses


The Bet365 boss Denise Coates was paid more than £260m in salary and dividends in the year to March 2022, underlining her place as one of the world’s highest-paid executives.

The best-paid Bet365 director, thought to be Coates, received remuneration of £213m for the year, about 15% lower than the £250m awarded in the previous year, according to the company accounts published on Friday.

As the company’s controlling shareholder she is also entitled to at least 50% of the £100m dividend for the year.

Coates’s latest package was a drop of about £35m compared with the previous year as the gambling company spent heavily on expansion.

Her extraordinary pay package regularly ranks among the biggest in Britain and beyond, and the latest is likely to put her among the very highest earners at a time when many in the UK are struggling with the rising cost of living.

Coates built Bet365 into one of the biggest online gambling companies from her father Peter’s Stoke-on-Trent bookmaking business. It has propelled her, her father and her brother, John, into the ranks of the UK’s richest people, with a fortune jointly worth £8.6bn in May 2022, according to the Sunday Times Rich List.

Coates has reaped more than £1bn in salary and dividends from Bet365 within the last three years. She received almost £300m in the year to March 2021, the first year of coronavirus pandemic lockdowns. In the previous year she received £421m in salary, thought to be the record for a UK chief executive, plus about £45m in dividends.

In the latest financial year, Bet365’s profits dropped significantly. It made a profit before tax of £49.8m for the year (after a £26.2m loss from its ownership of Stoke City Football Club). That was significantly less than the £469m profit reported in the previous year.

Gambling revenues increased by 2% during the year to £2.85bn. Sports betting revenues fell by 2% but its online games revenues jumped by 25% during the year to make up the lost ground.

The drop in profits was largely driven by £320m in extra “administration expenses” that included advertising in new markets and spending on extra computers for expansion. It reported launches in Argentina’s capital, Buenos Aires, the Netherlands, and in Colorado and Ontario in North America.

Bet365’s staff numbers rose to almost 6,100, up from 5,400 the year before.

The company was approached for comment.



Source link

Satellites Still Running to 888poker LIVE Madrid; PokerNews to Report €300,000 GTD Main Event

Satellites Still Running to 888poker LIVE Madrid; PokerNews to Report €300,000 GTD Main Event



There’s no better way to kickstart your 2023 than by winning a luxury package to the 2023 888poker LIVE Madrid festival.

Head to 888poker and you can win a package worth €1,600 from as little as one cent.

888poker LIVE 2023 Schedule Returns to Madrid, London, Barcelona & Bucharest

888poker LIVE Madrid Luxury Package

The festival takes place the Casino Gran Via, Madrid, where Abel Gongora won the last 888poker LIVE Madrid event back in November.

This time the Main Event comes with an €888 buy-in, which is included in the luxury package along with €400 for accommodation (19-23 January) and €312 in travel money — paid directly into your 888poker account.

What’s more, you’ll also get yourself some 888poker LIVE swag, making sure you’re fully prepared to enter the €300,000 GTD Main Event.

In order to win your way to Madrid, you can satellite in for as little as one cent, or buy-in directly to one of the qualifiers in the 888poker client for €109.

Follow Live Updates from 888poker Live Madrid

888poker LIVE Madrid Schedule

The 888poker LIVE Madrid schedule is packed with exciting events that have buy-ins from €100 up to €2,200. The Main Event commands an €888 buy-in. For that sum, you receive 88,000 starting chips and play to 50-minute levels on Day 1 (20-minute levels in the turbo flight) before levels extend to an hour on the final day. Unlimited re-entries are permitted, so it is worthwhile trying to win one of the online or live satellites to give you more ammunition should you need it.

Date Time Event
Fri 13 Jan 6:00 p.m. €220 NLHE Opening Event Day 1A
  9:00 p.m. €90 NLHE The Mayhem
Sat 14 Jan 3:00 p.m. €220 NLHE Opening Event Day 1B
  7:00 p.m. €220 NLHE Opening Event Day 1C Turbo
Sun 15 Jan 1:00 p.m. Opening Event Final Day
  6:00 p.m. €330 NLHE Mystery Bounty Day 1
Mon 16 Jan 2:00 p.m. €100 NLHE The Rumble
  6:00 p.m. Mystery Bounty Final Day
  8:00 p.m. €90 NLE The Copag First Play
Wed 18 Jan 7:00 p.m. €110 Super Satellite to Main Event
  7:00 p.m. €2,200 NLHE High Roller Day 1
Thu 19 Jan 3:00 p.m. €110 Super Satellite to Main Event
  5:00 p.m. High Roller Final Day
  5:00 p.m. €888 NLHE Main Event Day 1A
Fri 20 Jan 5:00 p.m. €888 NLHE Main Event Day 1B
  9:00 p.m. €100 NLHE The Triple Threat
Sat 21 Jan 12:00 p.m. €110 Turbo Super Satellite to Main Event
  5:00 p.m. €888 NLHE Main Event Day 1C
  7:00 p.m. €150 Pot Limit Omaha
Sun 22 Jan 12:00 p.m. €888 NLHE Main Event Day 1D Turbo
  5:00 p.m. Main Event Day 2
  6:00 p.m. €330 NLHE The Big Shot
  7:00 p.m. €55 NLHE Ladies Event
Mon 23 Jan 2:00 p.m. Main Event Final Day
  6:00 p.m. €100 NLHE The Last Chance

Receive Your Buy-in Back With 888poker’s Tweet4Seat Promo


2023 888poker LIVE Festival Dates

After Madrid, you’ll have to wait until April for the next 888poker LIVE festival which takes place in London from 13-24 April.

$88 Free Plus a $400 Welcome Bonus

Now is the perfect time to join 888poker if you have not already done so. Download 888poker via PokerNews, create your free account, and 888poker will give you a free $88 worth of cash game and tournament tickets – this is a free £20 for residents of the United Kingdom – just for reaching this stage.

Your first deposit is matched 100% up to $400 in the form or a releasable bonus. You have 90 days to release as much bonus as you can. Contact 888poker support for more details.

Name Surname
Will Shillibier

Executive Editor E.U.

Will Shillibier is based in the United Kingdom. He graduated from the University of Kent in 2017 with a B.A. in German, and then studied for a NCTJ Diploma in Sports Journalism at Sportsbeat in Manchester. He previously worked as a freelance live reporter, and video presenter for the World Poker Tour.





Source link

Tag

Random Posts