Hari: 1 Maret 2023

Penn Entertainment Still Hasn’t Ruled Out Selling Barstool

Penn Entertainment Still Hasn’t Ruled Out Selling Barstool


Popular north American operator and provider of integrated entertainment, casino and sports experiences, Penn Entertainment, acquired some 36% stake in Barstool Sports, a leading sports website and digital media, in a deal for $163 million. This happened back in February 2020.

Then, last month, three years after the initial interest acquisition, Penn acquired the remaining 64% interest in Barstool Sports. To acquire the remaining interest, the company paid some $388 million. This means that Penn paid approximately $500 million to acquire in full Barstool Sports.

“We are extremely pleased to welcome Barstool Sports fully into the Penn Entertainment family.”

Jay Snowden, CEO and president of Penn Entertainment

At the time of the announcement, Jay Snowden, Penn Entertainment’s CEO and president, said that the company is excited to see Barstool Sports join “the Penn Entertainment family.” He outlined that the digital media and sports website is trusted and proven within the sports vertical. Additionally, Snowden acknowledged that the acquisition brings new growth opportunities for Penn and complements the company’s interactive division.

While undoubtedly, the acquisition is expected to bring benefits for Penn Entertainment, a report suggests that a resale of Barstool Sports may bring greater value for the company’s stakeholders. Lloyd Danzig, Sharp Alpha Advisors’ managing partner, was recently interviewed by John Wall Street.

He explained that Penn paid some $525 million for the complete interest in Barstool Sports. This, according to Danzig and analysts in the industry, was a good deal, considering that the Barstool Sports’ was estimated to be worth about $800 million to $1 billion.

“They’ll have paid roughly $525 million in total consideration for an asset that most analysts seem to think is worth anywhere from $800 million to $1 billion.“

Lloyd Danzig managing partner at Sharp Alpha Advisors

Chris Grove, Acies Investments’ co-founding partner, added that in case there is a gap between the value of the betting brand and the media brand of Barstool, a potential sale of those assets may be possible. According to the co-founding partner, such a sale can deliver great value for Penn Entertainment’s shareholders.

“If a big enough gap opens up between the value of Barstool the media brand and Barstool the betting brand, Penn could find themselves in a spot where selling Barstool and licensing back the brand for betting creates the greatest value for shareholders.“

Chris Grove, co-founding partner at Acies Investments

This, in turn, can propel the company to its next level of growth. Still, it’s important to mention that Penn hasn’t confirmed it has such an intention, at least for the moment.



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Nepomniachtch Wins Big as Boosted PartyPoker Sunday Party Hits GTE

Nepomniachtch Wins Big as Boosted PartyPoker Sunday Party Hits GTE



The $109 buy-in Sunday Party is the new flagship weekly tournament at PartyPoker, and has been since its launch in February when PartyPoker revamped its online poker tournament schedule. The Sunday Party hit its $150,000 guarantee during its first week, but then saw an overlay in the following two weeks. PartyPoker decided to boost the guarantee to $200,000 on February 26 despite those overlays, and was rewarded by 2,014 players turning out, and creating a $201,400 prize pool! Build it and they shall come, as they say.

The top 351 finishers won a slice of $107,000 from the main prize pool, with the remaining $107,000 divided up and placed on the heads of each entrant in the form of a progressive bounty. Although the initial amount won from bounties was only $25, those payments swelled at the final table to such a degree that only two finalists banked less than $1,000 from the bounty prize pool, while the champion took home a five-figure haul worth of bounties alone.

“CanYouFold” was the final table’s first casualty. Their ninth-place finish came with a prize weighing in at $1,966 in total. “Paspalho” ($2,421), and “Scoobyduuu” ($2,930) bowed out, which left the final table six-handed.

The final six became five when “A222C7600E” ($2,891) crashed out, then four when “AyyKaramba,” ($5,414) a possible fan of The Simpsons, saw their stack slide to an opponent’s. “Emaxxi” ($5,385), and “Vittor_R0d” ($8,170) crashed and burned, leaving only two players in the hunt for the title of $200,000 Sunday Party champion.

Both of the heads-up players locked in almost $11,000 from the main prize pool, but the final bounty payment was worth more than $13,000, leaving everything very much to play for. Eventually, “Nepomniachtch” defeated “Takafogonela” in the one-on-one battle, and reeled in a total prize worth $23,999, leaving the runner-up to pad their bankroll with $13,634.

What PKO Tournaments Can You Play at PartyPoker For Less Than $5?

The Sunday Party Final Table Results

Place Player Bounties Prize Total Prize
1 Nepomniachtch $13,014 $10,985 $23,999
2 Takafogonela $2,670 $10,964 $13,634
3 Vittor_R0d $1,104 $7,066 $8,170
4 Emaxxi $732 $4,653 $5,385
5 AyyyKaramba $2,259 $3,155 $5,414
6 A222C7600E $489 $2,402 $2,891
7 Scoobyduuu $1,188 $1,742 $2,930
8 Paspalho $1,035 $1,386 $2,421
9 CanYouFold $881 $1,085 $1,966

The Sunday Party’s guarantee returns to $150,000 on March 5, yet it is still superb value. Satellites from only $0.01 mean the field is packed with amateur and recreational players taking a shot at the big time. Will you be one of them?

Spakman0888 Secures Sunday Carnival Top Honors

Sunday Carvival

The Sunday Carnival was another Sunday major that PartyPoker increased the guarantee of, boosting the usual $50,000 to $75,000, which is a pretty fantastic prize pool for a $22 buy-in. Some 3,436 players bought in, resulting in an overlay of just under $6,300, a valiant attempt indeed.

Team PartyPoker’s Jaime “jaimestaples” Staples was among the in-the-money finishers. The popular Canadian bowed out in 271st place for a combined score worth $54. Had Staples navigated his way to the final table, he would have taken home at least $552 for his efforts.

Delving Into PartyPoker’s Trio of New Weekend Majors

“AKA-4777” ($552), and “suerteloka” ($736) were the only finalists to not see their PartyPoker accounts increase by four figures. “LuckyVenom” ($1,064), “emiledel69” ($1,224), and “EscravoDoPipos” ($1,829) fell short of glory, but will likely be taking another shot at the Sunday Carnival in the coming weeks having multiplied their initial investment several times over.

“loverboybr” ($2,088) and “JonSlowroll” ($3,244) fell by the wayside, leaving “Spakman0888” heads-up against “d1bg”. It was the former that got their hands on the title, and a total haul worth $7,154. The player that fell at the final hurdle received $4,743, giving them plenty of ammunition for their future endeavors.

The Sunday Carnival Final Table Results

Place Player Bounties Prize Total Prize
1 Spakman0888 $2,900 $4,254 $7,154
2 d1bg $500 $4,243 $4,743
3 JonSlowroll $566 $2,678 $3,244
4 loverboybr $306 $1,782 $2,088
5 EscravoDoPipos $626 $1,203 $1,829
6 emiledel69 $332 $892 $1,224
7 LuckyVenom87 $421 $643 $1,064
8 suerteloka $243 $493 $736
9 AKA-4777 $160 $392 $552

Start Your Quest For Sunday Party and Carnival Glory With This Incredible Welcome Package

New PartyPoker customers can get their hands on a 100% match up to $600 welcome bonus plus up to $30 worth of free play in the form of SPINS tickets. Download PartyPoker via PokerNews, create your account, and decide how much you want to deposit.

Deposit $10 and you receive $10 worth of tickets over six days:

  • Day 1: 1x $5 SPINS and 5x $0.25 SPINS tickets
  • Day 2: 5x $0.25 SPINS tickets
  • Day 4: 5x $0.25 SPINS tickets
  • Day 6: 5x $0.25 SPINS tickets

Do You Know The Fastest Way to Earn PartyPoker Cashback?

Make your first deposit $20 or greater to receive the following package worth $30:

  • Day 1: 1x $5 SPINS and 5x $1 SPINS tickets
  • Day 2: 1x $5 SPINS and 5x $1 SPINS tickets
  • Day 4: 4x $1 SPINS tickets
  • Day 6: 2x $3 SPINS tickets

Your initial deposit is matched 100% up to a maximum of $600. The bonus releases into your playable account balance in 10% increments of the deposit amount, and you need to earn four times the bonus amount in loyalty payments within 90 days to release the full amount.

The bonus is slightly different for residents of the United Kingdom. Your deposit bonus is 100% up to £400, which comes with the same release rates. Your deposit of at least £10 comes with £40 of free play, consisting of:

  • Day 1: 5x $1 SPINS and 1x $5.50 MTT tickets
  • Day 2: 1x $3 SPINS and 1x $3.30 MTT tickets
  • Day 3: 1x $3 SPINS and 1x $5.50 MTT tickets
  • Day 4: 4x $0.25 SPINS and 4x $2.20 MTT tickets
  • Day 5: 1x $5 SPINS and 1x $3.30 MTT tickets
  • Day 6: 5x $1 SPINS and 2x $2.20 MTT tickets





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Mobinc Expands Ontario-Licensed Platform with Tier One Suppliers

Mobinc Expands Ontario-Licensed Platform with Tier One Suppliers


Mobinc’s masterstroke in the Canadian province will now see it offer a number of games from some of the most prominent suppliers in the iGaming industry. Among those are names such as Hacksaw, Push Gaming, Quickspin, Pragmatic Play and Relax Gaming all of which are now available on the Ontario-licensed platform.

Mobinc Strikes Massive Content Partnership in Ontario

This will have immediate benefits for both players and casinos. Quickspin was able to negotiate a partnership that will allow one of its flagship titles, Sakura Fortune, to also be featured as the official Welcome Bonus Free Spins offer for the province, too.

The integration is naturally welcomed by Mobinc which will give its content platform a significant boost. The company is also confident about its long-term prospects in what it describes as one of the most promising North American markets.

Mobinc CEO Sergei Belikov has hailed the recent developments and said that content is certainly king. He explained that online casino players are constantly on the lookout for new and promising content that can add to the value of their experiences online.

The recent additions were all worthwhile choices that Belikov expects will strike home with audiences in Ontario. His exact words were:

These studios need little introduction to operators, having been responsible for creating many of the best games in recent years, and will make us far more attractive to companies hoping to take advantage of Ontario without the expense of getting their own license.

Mobinc CEO Sergei Belikov

Mobinc Is a Solid Technological and Gaming Partner

The latest integrations have been done in line with Mobinc’s commitment to ensuring that it maintains player safety and regulatory compliance across the board. Today, Mobinc provides a range of solutions, including a 24/7 cloud-hosted gaming platform and the means to allow partners to build cutting-edge Android and iOS applications and mobile websites.

Mobinc’s content platform already boasts a fantastic variety of games with more than 3,000 titles and the company holds multiple licenses, including from regulators such as the Alcohol and Gaming Commission of Ontario, the Malta Gaming Authority, and the UK Gambling Commission. Mobinc previously added Push Gaming as a supplier for its turnkey platform.



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‘Powerful evidence’ of online gambling harm, federal parliamentary inquiry head says | Gambling


Broadcasters, sporting codes and betting companies should expect more restrictions on gambling advertisements and promotions, after the head of parliamentary inquiry cited “powerful evidence” of harmful practices.

The inquiry into online gambling harm, led by Labor MP Peta Murphy, has now received almost 150 submissions from organisations involved in sports betting and held multiple hearings. It will inform any regulatory action taken by the federal government, amid concerns the $50bn industry is causing undue harm.

“It is absolutely clear that it is not just community members who are concerned about the proliferation of sports betting advertisements and the increasing engagement of young people in sports betting,” Murphy, the chair of standing committee on social policy and legal affairs, said.

“We have heard from a lot of public health experts, academics, researchers and support services and the evidence is pointing to harm from gambling being something that exists for online betting as well as the more traditional, land-based gambling that we’re all aware of.”

The peak bodies for free-to-air TV and radio broadcasters have argued current advertising restrictions are appropriate and that further regulation could lead to a reduction in free sport coverage, due to a decline in revenue from gambling contracts. The peak body for major sporting groups has issued a similar warning, saying funding to grassroots sport could decline.

Those claims were rejected by Murphy, who questioned why broadcasters would not cut other expenses and why sporting codes would not invest in the development of their games.

“I have invited those organisation to familiarise themselves with the other evidence that we are receiving from experts and to take into account community views and expectations around advertising,” Murphy said.

“The suggestion that the current regime is absolutely perfect is not supported by what we are hearing from community members or experts in the gambling space.”

Last year, the Victorian Responsible Gambling Foundation reported an average of 148 gambling ads were broadcast between 6pm and 8.30pm every weeknight on free-to-air TV. That figure is disputed by Free TV Australia.

Complaints to the Australian Communications and Media Authority (Acma) almost doubled last financial year, with the regulator warning current restrictions are failing to meet community expectations.

This week, the ACT attorney general, Shane Rattenbury, added to growing calls for regulation, telling the inquiry he would support a near complete ban on sports betting advertising. The South Australian government has also called for a ban to be considered while the NSW, Queensland and Tasmanian governments believe the current rules are too weak.

Murphy said she was distressed by evidence from one addict on the self-exclusion register, who told the inquiry that he was targeted with promotional material including “matched bet offers” to encourage him back to gambling.

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“The evidence from people who have a gambling addiction or have experienced harm from gambling and the impact that’s had on them and their families, it has been impossible to listen to them and not be disturbed but also impressed by their courage in coming forward,” Murphy said.

“When you hear someone say how that has affected them, as someone who is trying to stop gambling, it’s pretty powerful evidence.”

The inquiry will make recommendations to government in coming months and, while Murphy would not pre-empt that process, she said it was clear the committee would look at improving the gambling industry.

Murphy also said the current Northern Territory-led self-exclusion scheme was not working, citing recent examples of companies sending promotions to gambling addicts who wanted to be left alone.

“Betting companies are obtaining the details of people who have never opened accounts with those companies,” Murphy said.

In Australia, Gambling Help Online is available on 1800 858 858. The National Debt Helpline is at 1800 007 007. In the UK, support for problem gambling can be found through GamCare on 0808 8020 133. In the US, the National Council on Problem Gambling is on 800-522-4700



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Posted by krugerxyz@@a on Maret 1, 2023 – Komentar Dinonaktifkan pada ‘Powerful evidence’ of online gambling harm, federal parliamentary inquiry head says | Gambling
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MGM Resorts Runs the Most Profitable Property Outside of Las Vegas

MGM Resorts Runs the Most Profitable Property Outside of Las Vegas


One such company is MGM Resorts International which owns the MGM National Harbor in Oxon Hill, Maryland. The gross gaming revenue generated by the property in 2022 was enough to place it as the most profitable casino outside of Nevada.

Regional Casinos Caught in an (Un)fair Race

National Harbor, which services both Maryland and Washington, DC, has been able to leapfrog over other properties such as Resorts World New York in Queens, securing a small but sufficient advantage to win it the accolade.

The news was confirmed by the American Gaming Association (AGA) which keeps stock of such developments in the commercial gaming market in the United States. The statement said:

At the property level, MGM National Harbor in Maryland narrowly surpassed Resorts World New York City in Queens, New York as the highest grossing commercial casino in terms of gaming revenue outside of Nevada.

American Gaming Association

The results included both sports betting and gaming operations, which is what drove the results for the Maryland property whereas Resorts World New York City is still not offering sports gambling which has put it at a disadvantage.

Presently, MGM is happy to operate the brand and day-to-day whereas VICI Properties is the owner of the property. MGM Resorts International runs a number of highly-grossing venues across the United States, including in places such as Massachusetts, Ohio, Mississippi, and New Jersey to name a few.

MGM Dominates Regional Casino Revenue and Results

MGM also maintains an unfaltering presence on the Strip where the property stands tall with brands such as Cosmopolitan, Bellagio, and Aria. The company’s been packing a powerful punch and in 2022, four of the eight top-grossing regional casinos were actually MGM properties which demonstrates the company’s ability to drive successful results across the board and in different market conditions.

The Empire City in Yonkers, New York, Borgata in Atlantic City, New Jersey, and the MGM Grand Detroit in Michigan all joined the National Harbor as some of the top-grossing regional casinos based on AGA’s list for 2022. Other venues on the list include properties by Hard Rock, Rivers and Caesars Entertainment, but none of these casinos quite measures up to MGM’s presence which gives the latter brand a strong base of operation to grow.



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Exclusive: Golden Nugget Releases 2023 Grand Poker Series Schedule; $1M PokerNews Cup Returns

Exclusive: Golden Nugget Releases 2023 Grand Poker Series Schedule; $1M PokerNews Cup Returns



The Golden Nugget’s Grand Poker Series returns this summer and will run from May 30-July 3, featuring 89 events (eight more than in 2022) and offering over $3 million in guaranteed prize money.

Aligning nicely with other tournament series in Las Vegas this summer, including the 2023 World Series of Poker (WSOP), the Golden Nugget Grand Poker Series will feature poker variants including Mystery Bounty, Pot-Limit Omaha, Big O, Mixed Triple Draw Lowball, Limit 2-7 Lowball, H.O.R.S.E. and Triple Stud.

What’s more, we’re very excited to confirm that the $1,000,000 GTD PokerNews Cup will return to downtown Las Vegas. Last year’s edition set the record for the largest prize pool ever offered in the history of the Golden Nugget, a record that could very well be beaten this summer given the $1,100 buy-in tournament is now being offered in the popular Mystery Bounty format. More on that below!

Here’s Everything You Need to Know about Poker at the Golden Nugget!

A Look At the Schedule

Last year, the Golden Nugget’s Grand Poker Series catered to 18,209 entrants and awarded $4,532,670 in prize money over its 81 events. This year is likely to be even bigger and better!

The series will kick off with four tournaments on Tuesday, May 30 including the $300 buy-in Event #1: $10,000 Omaha Hi/Low 8 or Better at 11 a.m. local time. That day will also mark the first $150 buy-in, $10K GTD Daily Deep Stack NLH at 1 p.m., and $130 buy-in Nightly NLH at 7 p.m. While those two events won’t run every single day, they are both a staple on the 2023 Grand Poker Series schedule.

The $200 buy-in Event #10: $200,000 GTD NLH will hold nine starting flights from Thursday, June 1 through Saturday, June 3 with flights starting at 11 a.m., 1 p.m., and 7 p.m. each of those days. The surviving players from each tournament will return at Noon on Sunday, June 4 for Day 2 action.

Poker fans will be excited to know the Bar Poker Open is returning to the Golden Nugget with their annual invitational which will run Monday, June 12 through Thursday, June 15. The final table of that tournament will be live-streamed. Also, on that Thursday, the Bar Poker Open Pro-Am, a $1,000 buy-in event, will take place.

For fans of Mystery Bounties, a $300 buy-in, $250K GTD Mystery Bounty event will run Friday, June 16 through Monday, June 19. That tournament will offer a total of nine starting flights with three a day at 11 a.m., 3 p.m., and 7 p.m.

The 2023 Grand Poker Series Championship Event once again costs $600 to enter and boasts a $500,000 guarantee. That tournament will have three starting flights at 11 a.m. each day from June 23-25, with survivors from each returning at Noon on Monday, June 26 to play down to a winner.

All tournaments will be one-day events except for 10, 28, 32, 38, 41, 59, and 78

Special Hotel Rate for GPS Players $41 weekday/ $69 weekend, plus resort fees and applicable taxes. Call 844.468.4438 and mention code: POKER23

PokerNews Cup Returns

PokerNews Cup Golden Nugget
There will be a new, updated trophy for this summer’s event!

The biggest tournament of the entire series will be the second edition of the PokerNews Cup at the Golden Nugget. The $1,100 buy-in Mystery Bounty tournament will offer a $1,000,000 guarantee for the second year in a row.

Poker players can expect various giveaways and promotions surrounding the PokerNews Cup in the coming months, which will no doubt help contribute to it being one of the most exciting tournaments of the summer. Be sure to mark your calendar now!

Here’s a look at the schedule for the 2023 PokerNews Cup at Golden Nugget, which will be live reported throughout and is expected to once again live stream the final table action.

Date Time (PT) Event Buy-in
Thursday, June 29 11 a.m. PokerNews Cup $1M GTD Mystery Bounty Day 1a $1,100
Friday, June 30 11 a.m. PokerNews Cup $1M GTD Mystery Bounty Day 1b $1,100
Saturday, July 1 11 a.m. PokerNews Cup $1M GTD Mystery Bounty Day 1c $1,100
Sunday, July 2 Noon PokerNews Cup $1M GTD Mystery Bounty Day 2 –
Monday, July 3 Noon PokerNews Cup $1M GTD Mystery Bounty Final Table –

In 2022, the inaugural PokerNews Cup at Golden Nugget attracted 1,245 entries and surpassed the $1 million guarantee by creating a $1,207,650 prize pool, the largest-ever in the Golden Nugget’s 76-year history.

At the end of the five days of action, the winner of the $202,725 grand prize was Gary Gelman of Brooklyn, New York. Gelman wore a Ukrainian flag draped around him throughout the final table and he was asked to expand on that after his win.

Gary Gelman
Gary Gelman, the 2022 PokerNews Cup champ at Golden Nugget

“It is special to me. I was born in Ukraine, I lived there with my parents when I was a kid. I also married a Ukrainian a few years ago. It has been real hard these last few months. We were actually in Kiev in February when the war started. We had to make our way out and we brought her mother back with us.”

He continued, “When I made the final table I thought I would represent and luckily one of my friends on the rail had a flag and I decided to wear it today.”

2022 PokerNews Cup Final Table Results

Place Player Country Prize Money
1 Gary Gelman United States $202,725
2 Daniel Hinh Australia $142,175
3 Forrest Kollar United States $92,095
4 Eoin Starr Ireland $68,185
5 Patrick Caulfield United States $51,555
6 Davic Von Schnehen United Kingdom $41,650
7 Levi Klump United States $34,380
8 Scott Stewart United States $27,120
9 Steven Sarmiento United States $20,275

Click here to see all 2022 Grand Poker Series winners

The full schedule for the 2023 Golden Nugget Grand Poker Series is available in the table below.

2023 Golden Nugget Grand Poker Series Full Schedule

  Date Time Event # Tournament Buy-In
Tuesday 5/30/23 11am 1 Omaha Hi/Low 8 or Better $10K Guarantee $300
    1pm 2 Daily Deep Stack No Limit Hold’em $10K Guarantee $150
    6pm 3 Big-O $5K Guarantee $200
    7pm 4 Nightly No Limit Hold’em $130
Wednesday 5/31/23 11am 5 H.O.R.S.E. $5K Guarantee $300
    1pm 6 Mixed NL Hold’em / Pot Limit Omaha 8-Handed $5K Guarantee $200
    6pm 7 Omaha Hi/Low 8 or Better / Stud 8 $5K Guarantee $200
    7pm 8 Nightly No Limit Hold’em $130
Thursday 6/1/23 10am 9 Dealer’s Choice – 6 Handed $5K Guarantee $300
    11am 10A No Limit Hold’em $200K GUARANTEE (Flight A) $200
    3pm 10B No Limit Hold’em $200K GUARANTEE (Flight B) $200
    7pm 10C No Limit Hold’em $200K GUARANTEE (Flight C) $200
Friday 6/2/23 11am 10D No Limit Hold’em $200K GUARANTEE (Flight D) $200
    1pm 11 Daily Deep Stack No Limit Hold’em $10K Guarantee $150
    3pm 10E No Limit Hold’em $200K GUARANTEE (Flight E) $200
    7pm 10F No Limit Hold’em $200K GUARANTEE (Flight F) $200
Saturday 6/3/23 11am 10G No Limit Hold’em $200K GUARANTEE (Flight G) $200
    1pm 12 Daily Deep Stack No Limit Hold’em $10K Guarantee $150
    3pm 10H No Limit Hold’em $200K GUARANTEE (Flight H) $200
    7pm 10I No Limit Hold’em $200K GUARANTEE (Flight I) $200
Sunday 6/4/23 11am 13 Mixed PLO/8; Omaha 8/B; Big-O $20K Guarantee $300
    12pm 10Day2 No Limit Hold’em $200K GUARANTEE – DAY 2 $0
    1pm 14 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    7pm 15 Nightly No Limit Hold’em $5K Guarantee $130
Monday 6/5/23 11am 16 Omaha Hi/Low 8 or Better / Stud 8 $20K Guarantee $300
    1pm 17 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    7pm 18 Nightly No Limit Hold’em $5K Guarantee $130
Tuesday 6/6/23 11am 19 Mixed Triple Draw Lowball Limit (A-5; 2-7; Badugi) $10K Guarantee $300
    1pm 20 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    6pm 21 Limit 2-7 Lowball Triple Draw $5K Guarantee $200
    7pm 22 Nightly No Limit Hold’em $5K Guarantee $130
Wednesday 6/7/23 11am 23 Pot Limit Omaha 8-Handed $10K Guarantee $300
    1pm 24 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    6pm 25 Night H.O.R.S.E. $5K Guarantee $200
    7pm 26 Nightly No Limit Hold’em $5K Guarantee $130
Thursday 6/8/23 10am 27 No Limit Hold’em 6 Handed $10K Guarantee $300
    11am 28A No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    3pm 28B No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    7pm 28C No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
Friday 6/9/23 11am 28D No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    3pm 28E No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    7pm 28F No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
Saturday 6/10/23 11am 28G No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    3pm 28H No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
    7pm 28I No Limit Hold’em $200K GUARANTEE Ultimate Re-Entry $200
Sunday 6/11/23 11am 29 Black Chip Bounty Pot Limit Omaha $10K Guarantee $300
    12pm 28Day2 No Limit Hold’em $200K GUARANTEE – DAY 2 $0
    1pm 30 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    7pm 31 Cheap and Deep No Limit Hold’em $10K Guarantee $130
Monday 6/12/23 10am 32A.1 Bar Poker Open Championship Day 1A (Flight 1) Invitational
    4pm 32A.2 Bar Poker Open Championship Day 1A (Flight 2) Invitational
    7pm 33 Green Chip Bounty No Limit Hold’em $130
Tuesday 6/13/23 11am 32B Bar Poker Open Championship Day 1B Invitational
    1pm 34 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    7pm 35 Tag Team No Limit Hold’em $10K Guarantee $200
Wednesday 6/14/23 11am 32Day2 Bar Poker Open Championship DAY 2 Invitational
    1pm 36 Daily Deep Stack No Limit Hold’em $50K Guarantee $400
    7pm 37 Nightly No Limit Hold’em $5K Guarantee $130
Thursday 6/15/23 11am 38 Bar Poker Open Pro-Am $1,000
    1pm 39 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    2pm 32FT Bar Poker Open Championship FINAL TABLE Invitational
    7pm 40 Nightly No Limit Hold’em $5K Guarantee $130
Friday 6/16/23 11am 41A Mystery Bounty NLHE $250K GUARANTEE (Flight A) $300
    1pm 42 Mixed PLO/8; Omaha 8/B; Big-O $10K Guarantee $300
    2pm 38FT Bar Poker Open Pro-Am Final Table $0
    3pm 41B Mystery Bounty NLHE $250K GUARANTEE (Flight B) $300
    7pm 41C Mystery Bounty NLHE $250K GUARANTEE (Flight C) $300
Saturday 6/17/23 11am 41D Mystery Bounty NLHE $250K GUARANTEE (Flight D) $300
    1pm 43 Daily Deep Stack No Limit Hold’em $10K Guarantee $150
    3pm 41E Mystery Bounty NLHE $250K GUARANTEE (Flight E) $300
    7pm 41F Mystery Bounty NLHE $250K GUARANTEE (Flight F) $300
Sunday 6/18/23 11am 41G Mystery Bounty NLHE $250K GUARANTEE (Flight G) $300
    3pm 41H Mystery Bounty NLHE $250K GUARANTEE (Flight H) $300
    7pm 41I Mystery Bounty NLHE $250K GUARANTEE (Flight I) $300
Monday 6/19/23 11am 44 H.O.R.S.E. $10K Guarantee $300
    12pm 41Day2 Mystery Bounty NLHE $250K GUARANTEE – DAY 2 $0
    1pm 45 Daily Deep Stack No Limit Hold’em $10K Guarantee $150
    7pm 46 Nightly No Limit Hold’em $3K Guarantee $130
Tuesday 6/20/23 11am 47 BIG-O $20K Guarantee $300
    1pm 48 Daily Deep Stack No Limit Hold’em $25K Guarantee $200
    6pm 49 Mixed PLO/8; Omaha 8/B; Big-O $5K Guarantee $200
    7pm 50 Nightly No Limit Hold’em $5K Guarantee $130
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Will New York’s Sportsbook Advertising Regulations End the Marketing War?

Boy watching static on TV


Sportsbook advertising regulations

Recent regulations on sportsbook advertisements may have doused the flaming rivalry for control of the market—at least for the moment.

New York became the latest state to act in an area that has troubled many nationwide and worldwide, enacting regulations on Monday that prohibit marketing to underage individuals. Many other states, both with and without legal sports betting, have discussed advertising regulations ad nauseam for the same reasons playing out in the Big Apple.

restricting advertisements may be a necessary evil

As sports betting continues to explode worldwide, so does the push for greater control over its pervasiveness. Restricting advertisements may be a necessary evil for the prosperity of the industry.

A growing issue

In 2021, American Gaming Association (AGA) President Bill Miller called the growth of sports betting ads and competition for marketplace dominance “an unsustainable arms race.” 

DraftKings, for example, spent $345m on sales and marketing in the fourth quarter of 2022. It also projected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of negative $475m-$575m for 2023. 

Part of the massive company spend came on advertising through mediums such as television, social media, and partnerships, usually with popular figures in the sports world. In 2022, since-shuttered gambling company MaximBet made history by becoming the first betting company to partner with an active MLB player, Charlie Blackmon. 

While the extra visibility may help drive companies’ growth, it has also created problems. Underage people and college students have been exposed to the world of gambling and see it as a way to get rich overnight without having the financial literacy to know the risks that often come with gambling.

roughly one in five adults had bet on sports in the past year

A 2022 Pew Research poll found that roughly one in five adults had bet on sports in the past year. More data from as far back as 2018 revealed that around 75% of students had gambled in some form, including casual wagers with friends.

At-risk persons, especially those who have been treated for gambling and addiction problems, are also being presented with an easy relapse. That has been another key issue for lawmakers in states with and without gambling markets in their debates over legalizing sports betting.

Big money, big changes

The Federal Trade Commission mandates that “claims in advertisements must be truthful, cannot be deceptive or unfair, and must be evidence-based.” That has been the basis for sportsbooks being forced to abandon terms such as “free bets” and “risk-free bets” for replacements like “bonus bets” and “bet credits.” 

Regardless of the advertisements’ packaging, over $60bn was bet on sports in America in 2022, per the AGA. That represents a higher GDP than 62.6% of the countries in the world. 

called for a permanent ban on all online and electronic sportsbook advertising

One of the main figures attempting to quell the sports betting explosion is New York Congressman Paul D. Tonko. Three days before Super Bowl LVII on February 12, he introduced the Betting on our Future Act, modeled after the Federal Cigarette Labeling and Advertising Act, calling for a permanent ban on all online and electronic sportsbook advertising. 

It is unlikely that something as drastic as a blackout for sports betting companies will happen, but it does show the disapproval with the way sports betting advertising is playing out.

Despite how Tonko’s plan makes it seem, sportsbooks do not have total free reign in many markets. Barstool, for example, was fined in December 2022 for advertising its sportsbook on a college campus. At the same time, schools like LSU and Michigan State are sponsored by sportsbooks.

Across the pond, UK legislators are grappling with how to enforce sportsbook advertising regulations. Part of their plan seems to be to ban front-of-shirt gambling sponsors for teams in the English Premier League, although teams in other sports could still have gambling sponsors. The topic will be further discussed during an upcoming white paper on gambling reform. 

The post Will New York’s Sportsbook Advertising Regulations End the Marketing War? appeared first on VegasSlotsOnline News.

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