Monthly Archives: August 2016

Fishing Hall of Famer Ted Takasaki Wins MSPT Grand Falls Main Event

Anyone who came to the MSPT Grand Falls Main Event last weekend looking for fish, may have been surprised to find a fisherman instead. Not to mention one who knows all about how to use hooks to lure his catch, whether in the deep blue or on the felted green. And unsuspecting players didn’t come up […]

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Cherry AB reaps a fruitful Q2 revenue

Swedish gambling operator Cherry AB posted an 80 percent increase in its second quarter revenue, thanks to its online offerings.

For the April-June 2016 period, Cherry’s revenue rose to SEK191.7 million (US$ 22.42 million), with online revenue accounting for 81 percent of the group’s revenue generated during the period.

The firm reported that it has bounced to profitability in the second quarter based on its earnings before interest, taxes, depreciation, and amortization (EBITDA). From a negative of SEK0.4 million (US$46,781) in April-June 2015 period, Cherry’s EBITDA rose to SEK14.8 million (US$1.73 million) during the three months ended June 30, 2016.

Cherry also enjoyed a 113 percent growth in its online gaming revenue during the second quarter of 2016. EBITDA from its online gaming arm was at SEK8.6 million (US$ 1.01 million), up from a negative of SEK2.3 million (US$268,991).

Cherry AB reaps a fruitful Q2 revenue

Swedish gambling operator Cherry AB posted an 80 percent increase in its second quarter revenue, thanks to its online offerings.

For the April-June 2016 period, Cherry’s revenue rose to SEK191.7 million (US$ 22.42 million), with online revenue accounting for 81 percent of the group’s revenue generated during the period.

The firm reported that it has bounced to profitability in the second quarter based on its earnings before interest, taxes, depreciation, and amortization (EBITDA). From a negative of SEK0.4 million (US$46,781) in April-June 2015 period, Cherry’s EBITDA rose to SEK14.8 million (US$1.73 million) during the three months ended June 30, 2016.

Cherry also enjoyed a 113 percent growth in its online gaming revenue during the second quarter of 2016. EBITDA from its online gaming arm was at SEK8.6 million (US$ 1.01 million), up from a negative of SEK2.3 million (US$268,991).

SAGaming unveils two slot games: Dragon & Tiger and Innocent Classmates

Summer is emblematic of power and strength. All creatures on earth feel energized like never before and the two fiercest beasts in Chinese tradition, Dragon and Tiger, are no exceptions. They are enemies by nature and their combat is ongoing in a slot game recently launched by SAGaming, Dragon & Tiger.

In this hot new 5-reel slot, players will be able to play up to 30 lines while experiencing the growing tension between the dragon and the tiger. Players blessed by the winning side will be rewarded with free games and unlimited spins to maximise their gains.

Summer is also synonymous with love and passion. SAGaming recalls players’ school time memories with another release of 243-ways slot game, Innocent Classmates.

The game features Multi-option Free Games and Full Reel Wild to deepen players’ nostalgia for their bittersweet young love.

BetOnFinance.com lets anyone bet on the stock market!

BetOnFinance.com is launching internationally, having successfully launched in Denmark as a “proof of conceptmarket” earlier in the year. Allowing users to bet on financial markets, BetOnFinance will fill a unique spot within international betting.

Anyone can bet on stocks and profits are tax free! Why isn’t it possible to bet on stocks and at the same time improve your investment skills without having big savings at hand? This is the question that BetOnFinance aims to address, with its team of expertise comprising more than 30 years of experience within financial markets and the gaming industry. We provide betting on individual stocks in a way that makes the stock market accessible to anyone.

”We have seen stock markets continuously moving higher since the financial crisis reached its peak creating significant interest for investing in the stock market. This combined with the volatile stock markets witnessed over the past year, m akes the timing ideal,” says founder Jeff Saul.

Players can make profits on the market whether stocks go up or down. Also they will never lose any more than their initial stake, which can be as low as 1 Euro, as opposed to leveraged products such as spread betting.

Delta Corp forays into online gambling with Adda52.com purchase

India’s largest gaming and hospitality company is taking a $7 million punt on the online gambling space.

Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gauss Networks Pvt. Ltd., the company that owns and operates India’s largest poker site Adda52.com.

In a filing to the National Stock Exchange of India Ltd., the hospitality company said it expects to pay ₹47.30 crore ($7.06 million) in cash to acquire 26 percent of the shares of Gaussian Networks, as well as offer optionally convertible preference shares (OCP) and redeemable preference shares (RPS) to the founder shareholders of Gaussian Networks.

Adda52.com will become a subsidiary of Delta following the purchase, and “will witness Delta’s entry into online space and will give it an instant leadership position in the online poker space,” the company said in a statement.

Success Universe’s H1 net loss widens by 563%

Macau casino investor Success Universe Group Ltd. is not feeling successful in the first half of the year as reflected by its widening net loss and slumping revenues.

Success Universe’s net loss ballooned to HK$12.6 million (US$ 1.62 million) during the January to June 2016 period, a 563 percent surge from the HK$ 1.9-million loss recorded in the prior-year period, the firm reported in a filing to the HongKong Stock Exchange.

On the other hand, Success Universe’s revenue plummeted by 41.7 percent to HK$ 347.1 million (US$ 44.75 million) for the six months to June 30 this year compared to the HK$595.6 million for the same period of 2015.

Gross profit of Success Universe plunged by approximately 50 percent to HK$12.5 million (US$ 1.61 million) from HK$25.3 million (US$ 3.26 million) in 2015.

Wine tasting, Master Sommelier presentation about Hungarian vines and a unique networking session

Wednesday, 31 August 2016, Budapest – The organizers are proud to announce Counting House and Bird & Bird as sponsors of the Networking Drinks session at the Central and Eastern European Gaming Conference (CEEGC 2016) which will take place in Budapest at the Hilton Budapest City on the 20th of September 2016.

The format of the session looks the following way – the Master Sommelier, as the last presentation of the afternoon, will deliver a very short talk on Hungarian Wine, and Bock, in the main convention room as a presentation.

Immediately, all participants will be invited outside on the lovely terrace of the hotel where the tasting will be ready – six different wines, poured and presented by a staff comprised of Counting House representative and Bock’s professional team. There will also be finger food for all participants so it will surely be a delight after a long seminar day.

Networking is the single most powerful marketing tactic that will help you accelerate and sustain success of your organization! This is why we have planned several opportunities for you to connect with the delegates that are attending our conference. The Networking Drinks session is one of them and is set to be held right after the conference day in a relaxing and entertaining manner.

Macau GDP decline shrinks 7.1% as gambling recession ebbs

Macau Chief Executive Fernando Chui’s bold prediction may be right after all.

Back in July, the Macau official made a bold prediction that the city state’s economic decline may shrink to 7.2 percent this year, and even resume growth in 2017, thanks to the casino industry’s shift to mass market.

Data from the Statistics and Census Service, published on Tuesday, revealed that Macau’s gross domestic product has contracted by 7.1 percent in the second quarter of the year, marking the eight consecutive quarterly GDP decline as Macau’s gross gaming product continues to slide. But this quarter’s numbers are an improvement compared to the previous three months of 2016, when the city recorded a 13.3 percent drop in GDP.

The statistics bureau pinned the second quarter contraction to “slower declines in service exports and investment, as well as a lower base of comparison in the previous year.”

US judge orders Japan’s Mizuho Bank to face Mt. Gox victims

Mizuho Bank has been dealt a major blow after a U.S. court denied the bank’s bid to dismiss the charges filed against it in a class action lawsuit related to its relationship with the now defunct Mt. Gox bitcoin exchange.

In February 2014, Mt. Gox customers in the United States filed a class action lawsuit against the Japanese bank, claiming that their losses were inflated because Mizuho limited withdrawals from their bitcoin exchange accounts in mid-2013. The customers claimed the withdrawal delays were due to “technical problems,” and accused the bank of standing “silent while allowing the public to continue being duped.”

The bank, a part of the Mizuho Financial Group, initially argued that the case belongs in Japan. But U.S. District Judge Gary Feinerman dismissed that reasoning on grounds that the difficulties of trying the case is nothing more than what is “routinely tolerated by courts.”

But the undeterred Mizuho had another reasoning up its sleeve. The bank said the plaintiffs were Mt. Gox’s customers, not the bank’s, which means that they are technically not in a “commercial relationship.”

3-Barrels: Aussie Millions Goes Alone; Adda52 to Send Players to WPT China; Evolution Create Live Dealer Experience at The Hippodrome

The Aussie Millions announces it will split from the PokerStars sponsored Asia-Pacific Poker Tour in 2017; Adda52.com to send online qualifiers to the World Poker Tour National China, and Evolution Gaming brings the Live Dealer experience to The Hippodrome.

When PokerStars announced the ground-breaking news that the combination of PokerStars Championships and Festivals would replace the European Poker Tour (EPT), there were always going to be casualties.

The Aussie Millions is the first to evolve after PokerStars announced their new live tournament format, after officially announcing their separation from the PokerStars sponsored Asia Pacific Poker Tour (APPT).

The Melbourne based event has been the most prominent poker festival in the southern hemisphere since the Crown Melbourne hosted the event for the first time in 1998. The partnership with the APPT began two years ago.

3-Barrels: Aussie Millions Goes Alone; Adda52 to Send Players to WPT China; Evolution Create Live Dealer Experience at The Hippodrome

The Aussie Millions announces it will split from the PokerStars sponsored Asia-Pacific Poker Tour in 2017; Adda52.com to send online qualifiers to the World Poker Tour National China, and Evolution Gaming brings the Live Dealer experience to The Hippodrome.

When PokerStars announced the ground-breaking news that the combination of PokerStars Championships and Festivals would replace the European Poker Tour (EPT), there were always going to be casualties.

The Aussie Millions is the first to evolve after PokerStars announced their new live tournament format, after officially announcing their separation from the PokerStars sponsored Asia Pacific Poker Tour (APPT).

The Melbourne based event has been the most prominent poker festival in the southern hemisphere since the Crown Melbourne hosted the event for the first time in 1998. The partnership with the APPT began two years ago.

NFC South Futures, Reviews, and 2016 Outlooks

The defending NFC South champion Carolina Panthers enter the 2016-2017 season as prohibitive favorites to repeat. According to NFL betting odds at Bodog, the other three NFC South teams are all equally valued in regards to future odds, and even then they’re a distant second in comparison to Carolina.

• Carolina Panthers -240

• Atlanta Falcons +650

• New Orleans Saints +650

NFC South Futures, Reviews, and 2016 Outlooks

The defending NFC South champion Carolina Panthers enter the 2016-2017 season as prohibitive favorites to repeat. According to NFL betting odds at Bodog, the other three NFC South teams are all equally valued in regards to future odds, and even then they’re a distant second in comparison to Carolina.

• Carolina Panthers -240

• Atlanta Falcons +650

• New Orleans Saints +650

It’s official! Full casino gaming coming to the Southern Tier

Nichols, N.Y. – August, 2016 – After months of anticipation, it’s finally official — The New York State Gaming Commission granted Tioga Downs a Class III commercial gaming license today.

The license will allow Tioga Downs to complete its transformation into a full-scale casino, replacing the current Video Lottery Terminals with slot machines and allowing the facility to add Blackjack, Roulette, Craps, a Poker Room and other casino card games that would be permitted by the gaming commission.

Currently, a multi-million dollar expansion underway at the racino will make way for the next generation of gaming.

The New York State Gaming Facility Location Board recommended Tioga Downs receive the state’s final license last October, and today, the full commission endorsed the decision.

It’s official! Full casino gaming coming to the Southern Tier

Nichols, N.Y. – August, 2016 – After months of anticipation, it’s finally official — The New York State Gaming Commission granted Tioga Downs a Class III commercial gaming license today.

The license will allow Tioga Downs to complete its transformation into a full-scale casino, replacing the current Video Lottery Terminals with slot machines and allowing the facility to add Blackjack, Roulette, Craps, a Poker Room and other casino card games that would be permitted by the gaming commission.

Currently, a multi-million dollar expansion underway at the racino will make way for the next generation of gaming.

The New York State Gaming Facility Location Board recommended Tioga Downs receive the state’s final license last October, and today, the full commission endorsed the decision.