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Another huge merger and procurement deal within the US casino industry might be around the corner. A new round of industry buzz suggested that casino magnate Tilman Fertitta approached Caesars Entertainment Corp. in a meeting about merging the Las Vegas casino giant with his Golden Nugget casino group.

Apparently Mr. Fertitta was trying to bait Caesars with an offer for an opposite merger that will place Caesars as the acquirer. Business shareholders will continue as shareholders in the joint business.

Merger Offer

It is still unclear whether the gaming and hospitality business will consider any offer from Mr. Fertitta given the fact that Caesars’ market capitalization stands at around $6.3 billion, while Mr. Fertitta’s net worth is at $4.5 billion according to Forbes. Aside from Golden Nugget, his holdings comprise of the Houston Rockets National Basketball Association team. Also a dining and entertainment corporation Landry’s.

Caesars emerged from a lengthy and challenging Chapter 11 bankruptcy last fall and it looks to improve its profit and also to catch up with rivals MGM Resorts International and Wynn Resorts.

The Las Vegas gaming and hospitality recently closed the acquisition of Indiana-based privately owned gaming and horse racing company Centaur Holdings LLC for $1.7 billion, to which Caesars paid in cash. The deal will help the company grow its presence in Indiana.

A senior analyst at Macquarie, Chad Beynon, told the CNBC that the proposed merger of Golden Nugget and Caesars is part of a greater merger and procurement trend within the US gaming industry.

According to Mr. Beynon, as Caesars emerged from bankruptcy protection, “the fun is just getting started” at the casino and hospitality giant. This follows the recent acquisition of Centaur Holdings. The Las Vegas Corporation is now considering a bid for Dan Gilbert’s Jack Entertainment LLC.

Penn National Finalises AU$2.8-Billion Pinnacle Acquisition. Boyd concludes the purchase of four Pinnacle casinos, and this is to flag the way for the closure of Penn National’s $2.8-billion procurement of Pinnacle. The Gaming Corporation announced that it had accomplished the acquisition of four gambling assets from rival Pinnacle Entertainment for the estimated amount of $563.5 million in cash.

Boyd added Ameristar St. Charles in Missouri, Ameristar Kansas City and Belterra Casino Resort in Indiana, Florence and Belterra Park in Cincinnati, Ohio to its collection of venues.

Boyd Gaming Corporation the deal

The agreement resulted in Boyd increasing its US presence across ten states, with those being Indiana, Illinois, Iowa, Louisiana, Kansas, Mississippi, Nevada, Missouri, Ohio, and Pennsylvania. The corporation now operates 29 properties.

The deal’s conclusion comes less than a month after Boyd had completed the purchase of Valley Forge Casino Resort in King of Prussia, Pennsylvania.

Boyd Leader and CEO Keith Smith said that it has prolonged their portfolio and enhanced their free cash flow profile. The executive said that the adding of the four properties gained them access to three of major gaming markets.

Penn National Gaming Confirms the Purchase of Pinnacle Entertainment

The closure of Boyd’s attainment of Pinnacle properties cemented the way for the conclusion of a bigger acquirement deal. Penn National has been able to settle the purchase of Pinnacle in a deal that is valued at $2.8 billion.

Penn National CEO Timothy J. Wilmott told the press that their procurement of Pinnacle marked an “important milestone” in the business’s “24-year history of evolution.”

Conclusion

This is one of the best move made by Boyd Gaming Corporation. They have just added great names to their portfolio. We look forward to seeing their success and more great deal being made.

The 2018 edition of the World Poker Tour 500 Los Angeles is now in the history record books. The event drew about 2,509 entries who tried their luck and skills against each other. The event took place at one of California’s hottest poker venues – The Bicycle Casino. In the end, Michael Copeland was the one who posed for a celebratory photo and pocketed the first-place award of $181,950 for outliving his opponents.

World Poker Tour 500 Game

The last day of the tournament was played at the host casino. Nine gamers returned to play the ultimate table and choose the champion. Copeland led them into that last stage of the game with a huge chip lead.

It was a comparatively short day at The Bike. The last table took less than four hours for the start of the day field of nine to be carved down to the champion. The first exclusion occurred half an hour into the game when Alexander Beleson ran into Jorge Pineda’s pocket aces. An ace on the flopped pretty much closed it for Pineda, whereas Beleson hit the rail for $17,790.

Gamers walked out one after each other until there were two players left at the table. It is important to note that Copeland entered the last day of the WPT500 as the chip leader with a great lead over the rest in a debate with his stack of 19 million. The ultimate champion was the first and only one to have passed the 30 million chip mark yesterday. That took place during the three-handed play.

World Poker Tour 500 Winner

The eventual winner had three times more chips than his opponent at the time the cards were thrown in the air for the two-handed game. It took close to ten minutes for Copeland to finish off his opponent. On what turned out to be the concluding hand of the tournament, Pineda pushed pre-flop for 10.125 million and Copeland called. The ultimate winner tossed over to Pineda. The board ran out [Ad] [10s] [8c] [8s] [4s] to bring the event to an end. Pineda hit the rail in the second place, which is good for a prize of $120,610.

World Poker Tour 500 Los Angeles

The WPT500 Los Angeles was the second tournament of the WPT500 series to take place. This means that it closed the general WPT brand’s fifth season.

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Belarusian lawmakers not bullish on online casino boom

Sports betting provider mybet holdings se files for bankruptcy 

Belarusian lawmakers are not looking for any specific boom in the number of online gambling sites that are licensed. This is following a recent ruling that legalized that form of activity in the country.

Alexander Lukashenko, the Belarusian President, signed this month’s decree No. 305, a law that aims to improve the state of the nation’s gambling market and also to introduce better ways of protecting online gambling players. The law will come into effect in April 2019.

Belarusian Lawmakers – The Ruling

Amongst other things, the verdict will give local casinos to apply for online casino licenses.

“We don’t believe that there will be a lot of online casinos in the country in the next coming few years. Also, there are no visible requirements for such a trend.’’- said Deputy Tax and Duties Minister Vladimir Mukvich.

Online gambling sites will become legal in Belarus starting on the 1st of April, 2019. Applications for online gambling licenses are required to fulfill a number of necessities. For instance, brick-and-mortar casinos must also apply for online gambling licenses. Minister Mukvich also told the media that such institutions would be allowed until the 1^st of April, 2021.

The legal gambling age in Belarus remains 18. This is to make sure gambling does not get out of hand. Local gambling establishments are presently supervised strictly by the state, and the decree No. 305 was created in a way that ensures online operations are also monitored closely. The new law requires online sites to keep records of the whole game processes of their casino players. These records will be  available to all capable bodies.

In addition, online sites will connect to a money system; a measure believed to also ensure transparency in the provision of online gambling services.

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Sports betting provider mybet holdings SE files bankruptcy 

New Zealand Poker machines make the biggest community donations 

Christchurch residents face extreme high problem gambling rates 

The Department of Internal Affairs of New Zealand has released a number of documents with the latest gambling figures for the quarter that finished in June 2018. According to the information about the Gambling Machine Profits generated by the state’s venues, more money was produced by poker machines.

The stats that were released by the Department of Internal Affairs, the Gaming Machine Proceeds rose in contrast to the outcome that was generated over the same quarter a year. This was before they reached a total of NZ$6,846,240. In addition, it became clear that a 3.1% increase in the game machine earnings from pokies brought additional funds to local communities.

New Zealand Poker Machines Giving back to the Community

More than 90% of remaining proceeds are reported to have been taken back to the local public. Also, the remaining generated funds being redirected to the regional and national areas. Such contributions make a positive change to a great number of local societies. Most of the communities would suffer and fail to continue working without such funding’s.

New Zealand Poker Machines – Statistics

DIA released a number of reports. The first one showed the suburb level of GMP and EGM for the 2018 April-June quarter. All amenities in the clusters by area in a larger region were listed. The second report included a list of sites per cluster as of the newest economic quarter including key information about venue clusters. The 3rd report gives data about the gaming machine profits using the number of gambling machines. The report does not offer any statistics for locations that feature more than 18 machines or one pokie.

Overview

The Gaming Machine Association of New Zealand shared its gratification with superior returns to local groups. The Association clarified that it remains worried about the tenacious decline registered in the number of sites. Also, poker machines are included in the statistics.

A great amount of poker machines in the territory of Christchurch has led to an increased rate of gambling addiction among residents. The massive number of pokies within the city have been blamed for the quick spreading gambling addiction. However, some people think that problem gambling addiction is over-represented in Christchurch.

Christchurch and Gambling Addiction

The levels of gambling addiction have been slowly dropping across the city. In fact, the number of gamblers that seek help for dealing with gambling addiction remains high. Based on the statistics of players that have come forward to seek professional help with their gaming addiction. As a result, this has made experts claim that problem gambling is over-represented in Christchurch city.

Christchurch  and the Latter

There is a latter that has been released to give thorough information to the city council. The intention is to help make regulatory performance and for the committee to make its decision to approve the policy. The latter aims to prevent any gambling licenses, under which gaming on pokies in local pubs and clubs is allowed.

More People Look for Help Dealing with Problem Gambling

A total of 1,207 people requested help with their addiction to gaming in 2017. The figure represents a rate that is 2% greater than the national average.

At present, a total of 1,332 slot machines are available in 86 sites in the city. This means that only Tauranga city has a bigger number of slot machines per head of population. Christchurch remains in the second position with the number of slots available.

Overview

Problem gambling is currently the biggest issue in most cities. However, there are ways that players can also fight against gambling addiction. Not to forget that the first step to healing is admitting that you do have a gambling addiction problem.

The leading provider of higher gaming solutions for iGaming operatives, Yggdrasil Gaming premieres its suite of top-notch, ground-breaking online casino games in the most regulated iGaming market of the Czech Republic. This is after they have signed a content deal with Tipsport.

The Beroun-based Tipsport is the biggest gaming agency in the Czech Republic. They have an upwards of 1,000 outlets across the nation in Central Europe. The firm’s online offers are expanding quickly. Moreover, with the present deal, they will feature some of the developer’s prime slot gaming games. This will include recently released titles; Vikings Go to Hell and Tut’s Twister.

Yggdrasil Gaming In-game promotions

Furthermore, the fixed-odds gambling operator will use Yggdrasil’s BOOST, the company’s exclusive range of in-game advertising tools. Having been launched in 2015, BOOST will empower Tipsport to run its promotions within the game customer. In addition, it will heighten the players experience through the use of configurable money races, missions, and in-game tournaments.

Czech Republic Players can expect to see Yggdrasil gaming games go live in the coming months. It will be in complete compliance with the state’s requirements.

Czech Republic – New Legislation

The New gambling legislation was made official by the Chamber of Deputies of the Czech parliament in 2016. The new legislation permits foreign-based operatives to attain gambling licenses in the Czech Republic.

Licensed and Regulated Markets

Yggdrasil’s gaming offers live gaming in several regulated and lately regulated markets including Italy, Latvia, the UK, Estonia, Belgium, and Denmark.

Fredrik Elmqvist, Chief Executive Officer for Yggdrasil Gaming said: “In February we signed a deal to enter Spain, Europe’s fastest-growing and exciting jurisdictions. Today we announce our entry to the Czech Republic with the leading brand Tipsport.”

“As part of our long-term strategy, we commit to expanding our regulated market impression. If we feel that an environment is good for our top games and also promotional tools, then we will surely get to it with the best partners,” Elmqvist.

Overview

This is going to be one of the best deals that haappen, it is a great move and also promises the best. We are here to see what more this two big teams can bring to the players across the globe.

IGT, also known as International Game Technology, one of the leading Gaming machine innovator announced the launch of its fresh 4D video slot game. Ghostbusters 4D video slot is a land-based video slot game that features the most advanced gaming technology. The advanced mechanism allows players to experience the three-dimensional graphics without using peripherals.

IGT Utilized True Technology

The London-headquartered International Game Technology announced their great work through a press release. They revealed that its Ghostbusters 4D slot exploits its very own True 3D technology. Moreover, the game also offers numerous clips from the 1984 paranormal comedy motion depiction upon which it is themed.

Created in partnership with Columbia Pictures Industries Incorporated and Sony Entertainment Incorporated, the game also features cameras that track player’s head and eye actions. This is to allow characters from the movie such as Slimer, the Stay Puft Marshmallow Man and the Terror Dogs to appear right in front of their eyes.

More on the Ghostbusters 4D Slot

IGT also declared that Ghostbusters 4D slot additionally utilizes mid-air haptic skill to permit fans in its Ballroom Blaster Bonus play. This enables players to use their fingers as a proton blaster and comes complete with an itchy sensation.

The game innovator also explained that the new Ghostbusters 4D game is made available to gamers. Also at the Bear River Casino Resort and Graton Resort and Casino in California and The D Las Vegas, Albuquerque’s Sandia Casino.

Lastly, IGT revealed that its newest innovation will be made available in its CrystalCurve True 4D cabinet that features a 50-inch portrait-orientated upper top-notch video screen with a lower 32-inch complement. IGT also disclosed that the advanced innovation comes complete with a multimedia sound chair that gives players the ability to engrave settings along with volume and seat rumble. Check it out today!

Crown Resorts launched legal action against the New South Wales government. The issue is over its new Sydney casino based in Barangaroo. They are claiming that another development at the precinct lurks views from its casinos to the Sydney Harbour.

Crown Resorts and NWS Government

Crown, reported an improved profit on Thursday and also accuse the Barangaroo Delivery Authority of failing to meet its obligations to Crown to discuss other developments at the area.

“These duties include consulting with Crown casino about every request for the proposed area of Central Barangaroo. The request that varies from that which was given for in the pertinent Plan for Barangaroo in existence. This was at the time that the Crown Development Contract was entered into, and also negotiating in good faith. Moreover, agreeing with Crown Casino and Lend lease any obligatory changes to that request to ensure sight lines from the Harbour Bridge to the Sydney House are recalled for the Sydney Hotel Resort.”

According to Crown Casino

Crown casino says it still remains on track to finish the new casino in the first half of 2021 financial year. In 2016 December, Millers Point residents in Sydney had lost their court case to prevent the building of a second casino on the Barangaroo site, which was reserved as a public park. Crown has not yet given a detailed statement on any specific development application that threatens to obstruct its views.

Mr.Packer quit the Crown board early this year after citing mental illness. He bought two floors for residential of Crown casino under-construction Sydney building for about $60 million. There is a lot that is taking place at the moment and Crown has also been in the news. We can only hope that all is going to be good and the casino is also going to do great.