Archive for the ‘TopSlots’ category

DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge

February 29th, 2020



Joint rulers for the daily fantasy recreations (DFS) market DraftKings and FanDuel have walked away from a proposed merger of equals, less than a month following the Federal Trade Commission (FTC) moved to block the offer on grounds of antitrust ‘fair competition’ issues.

The deal’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their companies would be going it alone, calling down a prospective FTC fight on the grounds of antitrust violations. (Image: Reuters)

The two companies announced the termination of the tie-up on Thursday, just days after they had each filed legal briefs to a district that is federal, vigorously protecting the merger.

But with both companies already fighting legal actions on several fronts, it appeared as if another costly and perhaps doomed legal battle lay ahead. A source told ESPN that dealing with the FTC would cost some $ likely12 to $15 million.

Money Worries

Ironically, consolidation would have dramatically slice the amount of appropriate and costs that are lobbying two companies invest fighting for legal DFS in states across the US. It could also remove the costs associated with trying to out-market the other person.

The failure of the deal leaves both in precarious financial positions, as neither has ever been profitable. Documents related to the merger leaked final thirty days revealed that DraftKings has lost a staggering » Read more: DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge

Atlantic City Casino Income Shows Symptoms of Stabilizing, Online Gambling Thriving

February 28th, 2020



The financial crash in Atlantic City has seemed to bottom down at least for the casinos, as revenues for the rest of the gambling resorts are 3.1 percent greater than these people were at this time last year.

Atlantic City gambling enterprises may have finally weathered the storm and started to stabilize the gambling industry for the eight resorts that are remaining. After ten years of declining profits due to America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has seemed to reach a new norm.

Not as much as 2 yrs after one-fourth of its casinos went away from business, revenues for Atlantic City reduced only marginally in March. The area’s casino win totaled $187,463,591 for the 1.7 percent loss, though whenever online gambling is included Atlantic City fell simply 0.4 percent.

Traditional dining table video gaming had been the worst performer in March as casinos reported a 5.9 percent drop on supposedly greater win rates. The decrease was offset by Web gaming, which rose an astonishing 17.8 per cent during the month.

Calm After the Storm

Although the government that is local Atlantic City is broke and presently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is best to manage the town’s data recovery, 2016 is off to a great begin for the casinos.

Ga » Read more: Atlantic City Casino Income Shows Symptoms of Stabilizing, Online Gambling Thriving

Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving

February 28th, 2020



The economic crash in Atlantic City has seemed to bottom down at least for the casinos, as revenues for the residual gambling resorts are 3.1 percent greater than they certainly were at this time final year.

Atlantic City casinos could have finally weathered the storm and begun to stabilize the gambling industry for the eight resorts that are remaining. After a decade of declining profits due to America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has seemed to reach a norm that is new.

Lower than 2 yrs after one-fourth of its casinos went away from business, revenues for Atlantic City reduced only marginally in March. The area’s casino win totaled $187,463,591 for the 1.7 % loss, though when Internet gambling is included Atlantic City dropped just 0.4 percent.

Traditional dining table gaming was the performer that is worst in March as casinos reported a 5.9 percent drop on supposedly greater win rates. The decline had been offset by online video gaming, which rose an astonishing 17.8 per cent during the month.

Calm After the Storm

Though the town in Atlantic City is broke and currently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is better to manage the town’s recovery, 2016 is off to a solid start for the casinos.

Gambling wins in January, February » Read more: Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving

Tribal Gaming Growth Hurts Laughlin and Reno, But Vegas Still Bulletproof, Says Analyst

February 28th, 2020



The National Indian Gaming Commission reported this week that America’s tribal video gaming operators collectively generated $31.2 billion in gross gaming revenue, a 4.4 percent increase over 2015.

Harrah’s Resorts SoCal is simply example of a joint-venture from a operator that is tribal a Vegas casino company that offers a flavor of Vegas over the Nevada edge.

The biggest development, year over 12 months, for tribal gaming nationwide was the Sacramento, California region, with an increase of 6.3 percent to $8.4 billion. Meanwhile, the Phoenix region exhibited revenue that is fourth-best in america, growing 4.4 percent to $2.9 billion.

It’s clear Indian casinos in states bordering Nevada are enjoying robust health, but what impact is this having in the Silver State’s casino sector? Is tribal gaming a risk to Nevada?

Tribes Thinking Big

Well, not so much to Las Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it’s really likely having a negative impact on the north Las Vegas sector and the Reno and Laughlin markets in particular, forcing those cities to rethink their approach.

Bo Bernhard, executive director of UNLV’s International Gaming Institute, believes that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian gaming properties, which are actually matching their commercial counterparts outside of Vegas in terms o » Read more: Tribal Gaming Growth Hurts Laughlin and Reno, But Vegas Still Bulletproof, Says Analyst

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

January 14th, 2020

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

This week’s poker news focuses on three big winners from the past week. Let’s have a look at the recent events and roundup the outcome. Renad Bohdanov, James Chen, and Dash Dudley each wins that are notched week in poker tournaments across the world.

Bohdanov Wins 350 Euro No-Limit Hold’em ‘Opener’ Event

We’ve broken the ice into the 2019 World Series of Poker event in its European schedule. Renat Bohdanov has claimed the very first win, making the first silver bracelet given out. Bohdanov emerged from a field of 1,011 entries to win the 350 Euro No-Limit Hold’em ‘Opener’ Event, capturing his first-ever gold bracelet in the process. The 34-year-old from Ukraine attained $59,546 USD for taking home the top prize in the competition. He additionally earned a 10,300 Euro ticket in towards the future 5 million euro guaranteed primary event.

In addition to the reward money therefore the ticket into the main occasion, Bohdanov was awarded 384 Card Player Player of the season points. The top three finishers at this event each cleared $25K USD. Norbert Mosonyi won $36,754 for his runner-up finish while Eyal Bensimhon took home $25,958 USD for placing third only at that event.

Chen Wins World Series Of Poker Europe 250K Euro Super High Roller

How about $3 million for a week’s work? That is how Taiwanese poker pro James Chen is feeling after winning the planet Series of Poker 250K Euro buy-in no-limit hold’em super rolle » Read more: Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

Brazilian Becomes British Ireland Poker Tour Edinburgh Champion

January 10th, 2020

Brazilian Becomes British Ireland Poker Tour Edinburgh Champion

The Title associated with 2013 UK Ireland Poker Tour Edinburgh Champion went to Brazilian-born Nicolau Villa-Lobos who walked away with the name and the lion share associated with prize-pool, pocketing £101,000 for first spot.

Starting the final dining table aided by the chip stack that is lowest at 313,000 chips, Villa-Lobos was at fact odds on favourite to complete in eighth place. However, the skilled Brazilian fended off the competition to create house the coveted titled from the Scottish capital after doubling their chip count inside the first ten minutes of the table commencing play that is final.

Chris Derrick was the person who doubled Villa-Lobos’ chip stack after pushing in 285,000 chips, just become beaten by the Brazilian’s pocket fours which had turned into quads by the river.

Shortly afterwards, Christian Bergstrom was eliminated during a call that is three-way Vladislav Donchev and Villa-Lobos. The chip that is high active in the call threw Villa-Lobos up to 1,600,000 chips, giving him the confidence he needed seriously to set their sights on the UK Ireland Poker Tour Edinburgh title after starting therefore low on the board.

Seventh place later went to Guido Braye after being knocked out by the hometown player, David Vamplew. This reduction shot Vamplew to the position of chip leader as he impressed his home support and raised hopes of becoming the hometown hero.

Vamplew then continued to » Read more: Brazilian Becomes British Ireland Poker Tour Edinburgh Champion