Casino operator Caesars Entertainment Corp. (CEC) officially joined its rivals in the sports betting market derby, right on the heels of one Atlantic City casino that has started taking sports bets this week.
Bally’s Wild Wild West have started accepting sports bets on Monday morning, while its sister casino Harrah’s Resort will open its doors to punters on Wednesday, according to CEC. This makes the twin gambling facilities the third and fourth casinos to offer sports betting in Atlantic City.
Bally’s temporary sportsbook operation inside Wild Wild West reportedly has 30 leather chairs placed right in front of three large television screens and five smaller screens. Bally’s has converted its shuttered cashier windows to sports wagering windows. Harrah’s sports wagering space looks quite similar to Bally’s, although Harrah’s only has 28 leather chairs, six high-top tables and five screens for viewing.
CEC also plans to bring sports betting in Mississippi by mid-August through its casino properties, Horseshoe Tunica and Harrah’s Gulf Coast resorts.
The casino operator’s announcement came a day after its rival MGM declared it will create a $200 million sports betting and online gaming joint venture with UK-based GVC Holdings, one of the world’s largest bookmakers.
CEC has tapped gambling technology provider Scientific Games Corporation (Sci Games) to provide its OpenBet sportsbook platform in New Jersey and Mississippi. CEC President and Chief Executive Officer Mark Frissora described its partnership with Sci Games to be strategic since the casino operator also plans to roll out mobile sports betting throughout New Jersey and Mississippi.
Frissora pointed out that the recent U.S. Supreme Court decision to repeal the Professional and Amateur Sports Protection Act of 1992 allows CEC to expand its “sports betting digital and mobile offerings into new markets.”
One of the advantages that CEC have against its rivals in Atlantic City is its experience operating sportsbooks in Las Vegas, according to Frissora.
“We recognize that our customers expect exciting new experiences, which is why we will continue to offer new products through our mobile and digital platforms and inside our properties,” Frissora said in a statement.
July 27, 2018
Paddy Power prices down ‘Referendum Part Deux’!
The UK government’s struggle to finalise terms on a 2019 Brexit arrangement, has seen Paddy Power Politics price down its odds on a ‘Second UK-EU Referendum’.
Updating its UK political markets, Paddy Power now rates the chances of a second referendum before April 1st 2019 at 9/4 slashing down its previous odds from 3/1.
This week the EU’s Chief Brexit Negotiator Michel Barnier stated that member states would reject PM Theresa May’s White Paper presenting the UK stance on a future EU customs arrangement.
Whilst at home, May faces a Conservative Party divide relating to EU-exit negotiations and Brexit red-lines.
Furthermore, with just eight months of exit negotiations left, the heads of UK industry and enterprise are adding pressure on May to deliver clarity on the terms of the UK’s leaving the European Union.
“If that second referendum were granted – presumably with some kind of terms of exit outlined – Paddy Power make Remain the overwhelming favourite to succeed (1/7) with Leave the rank outsiders (4/1). Though we’ve heard that before.” details the Irish bookmaker!
Spokesman Paddy Power said: “After more than two years of careful negotiation and strategising, the best thing achieved by the Brexit process has been to remove David Cameron and Boris Johnson from positions of power.
“With virtually no opposition, the Prime Minister has been able to dilly-dally and perform a prompt change of hearts regularly – so why wouldn’t she produce an EU-turn now?
“Such indecision should’ve been clear the moment she took charge, though. Because… Theresa May but, then again, Theresa May not.”
Paddy Power – Brexit Specials
1/2 No Deal to be reached by Brexit deadline
10/11 A Tory leadership contest to take place in 2018
9/4 A second EU membership referendum to be held before the Brexit deadline
5/2 The UK to apply to re-join the EU by 2027
10/3 A General Election to be held this year
Second Referendum Results
1/7 Remain
4/1 Leave
Updating its UK political markets, Paddy Power now rates the chances of a second referendum before April 1st 2019 at 9/4 slashing down its previous odds from 3/1.
This week the EU’s Chief Brexit Negotiator Michel Barnier stated that member states would reject PM Theresa May’s White Paper presenting the UK stance on a future EU customs arrangement.
Whilst at home, May faces a Conservative Party divide relating to EU-exit negotiations and Brexit red-lines.
Furthermore, with just eight months of exit negotiations left, the heads of UK industry and enterprise are adding pressure on May to deliver clarity on the terms of the UK’s leaving the European Union.
“If that second referendum were granted – presumably with some kind of terms of exit outlined – Paddy Power make Remain the overwhelming favourite to succeed (1/7) with Leave the rank outsiders (4/1). Though we’ve heard that before.” details the Irish bookmaker!
Spokesman Paddy Power said: “After more than two years of careful negotiation and strategising, the best thing achieved by the Brexit process has been to remove David Cameron and Boris Johnson from positions of power.
“With virtually no opposition, the Prime Minister has been able to dilly-dally and perform a prompt change of hearts regularly – so why wouldn’t she produce an EU-turn now?
“Such indecision should’ve been clear the moment she took charge, though. Because… Theresa May but, then again, Theresa May not.”
Paddy Power – Brexit Specials
1/2 No Deal to be reached by Brexit deadline
10/11 A Tory leadership contest to take place in 2018
9/4 A second EU membership referendum to be held before the Brexit deadline
5/2 The UK to apply to re-join the EU by 2027
10/3 A General Election to be held this year
Second Referendum Results
1/7 Remain
4/1 Leave
July 05, 2018
Mystery Lotto winner claims $55m prize after almost six months
It took 175 days to claim the $55m prize but just hours for the funds to flow to a lucky lotto player’s bank account.
The money is due to reach the mystery winner on Thursday, almost six months after the Powerball draw brought up the numbers.
The enviable sum was just days from being sent to Victoria’s State Revenue Office for safekeeping when the ticket holder came forward on Wednesday.
He or she has chosen to remain anonymous, with lottery operators refusing to divulge the winner’s age, gender or even where the prize was claimed, ticket in hand.
“They should see the $55m in their bank account on Thursday morning,” said a Tattslotto spokesman, Matt Hart. “It’s all pretty straightforward now.”
After the winning numbers came up in the 11 January draw, there have been weird and wacky rumours about the delay in claiming the prize.
Sam Misiano’s Brunswick newsagency sold the ticket and he said he was relieved the search was over after many customers illegitimately tried to claim the prize.
“It has been a crazy few months but now we can relax knowing it has been claimed by the rightful winner,” he said.
The feeling of relief was mutual at lottery headquarters. “We’re relieved that it’s finally been claimed,” Hart said. “We’re in the business of making millionaires, not holding on to the money.”
The money is due to reach the mystery winner on Thursday, almost six months after the Powerball draw brought up the numbers.
The enviable sum was just days from being sent to Victoria’s State Revenue Office for safekeeping when the ticket holder came forward on Wednesday.
He or she has chosen to remain anonymous, with lottery operators refusing to divulge the winner’s age, gender or even where the prize was claimed, ticket in hand.
“They should see the $55m in their bank account on Thursday morning,” said a Tattslotto spokesman, Matt Hart. “It’s all pretty straightforward now.”
After the winning numbers came up in the 11 January draw, there have been weird and wacky rumours about the delay in claiming the prize.
Sam Misiano’s Brunswick newsagency sold the ticket and he said he was relieved the search was over after many customers illegitimately tried to claim the prize.
“It has been a crazy few months but now we can relax knowing it has been claimed by the rightful winner,” he said.
The feeling of relief was mutual at lottery headquarters. “We’re relieved that it’s finally been claimed,” Hart said. “We’re in the business of making millionaires, not holding on to the money.”
UK watchdog spanks Lottoland over PowerBall jackpot claim
The UK’s advertising watchdog has spanked online lottery betting operator Lottoland for misrepresenting the size of its potential US lottery payouts.
On Wednesday, the Advertising Standards Authority (ASA) upheld a complaint filed against the Lottoland.co.uk website for its July 2017 promotion of a “PowerBall £169 million” jackpot. The complainant felt the ad was misleading due to the jackpot’s value being contingent on whether the prize was paid in a lump-sum or by installments.
Lottoland defended its promo, saying that the options for taking either a lump-sum payment or a 30-year annuity, as well as the difference in ultimate monetary value, were clearly specified in the site’s FAQ and T&C’s.
The ASA acknowledged that the FAQ did indicate that Lottoland replicated the official US lottery payout rules, including the 38% tax provision, the fact that the lump sum represented 60% of the total annuity payout, as well as the rule about splitting the potential payout should the official PowerBall prize be divvied up among multiple winners.
However, the ASA held that consumers were likely to assume from Lottoland’s big-type ad that the value indicated was what they stood to collect if they matched the right PowerBall numbers. As such, Lottoland’s promo was misleading because it quoted a prize value “that would never be paid.” Lottoland was ordered to be more upfront about its payout system in future ads.
The ASA also took exception to a SlottyVegas.com online promo that claimed “our games pay more.” SlottyVegas’ parent company NRR Entertainment claimed the statement was based on its Supercharged Wins feature that added extra funds to each winning round, thereby providing a higher payout than if the feature wasn’t applied.
The ASA wasn’t buying it, saying consumers were led to believe that they’d receive a higher payout from the games on the SlottyVegas site than from games on a rival operator’s site. The ASA found that SlottyVegas had provided no evidence to support this belief, making the promo misleading.
As if to prove that they’re not entirely joyless scolds, the ASA declined to uphold a complaint against a William Hill television spot promoting the company’s Bet Boost odds enhancer. The ad, which appeared in December 2017, featured a smartphone displaying odds for football matches scheduled for six months later. The complainant suggested these odds were misleading.
Hills defended the ad, saying that, while the odds displayed were roughly comparable to what the company were likely to offer on those matches, only a proper tool would presume these odds to be there for anything other than illustrative purposes. And the ASA, in its infinite wisdom, agreed.
On Wednesday, the Advertising Standards Authority (ASA) upheld a complaint filed against the Lottoland.co.uk website for its July 2017 promotion of a “PowerBall £169 million” jackpot. The complainant felt the ad was misleading due to the jackpot’s value being contingent on whether the prize was paid in a lump-sum or by installments.
Lottoland defended its promo, saying that the options for taking either a lump-sum payment or a 30-year annuity, as well as the difference in ultimate monetary value, were clearly specified in the site’s FAQ and T&C’s.
The ASA acknowledged that the FAQ did indicate that Lottoland replicated the official US lottery payout rules, including the 38% tax provision, the fact that the lump sum represented 60% of the total annuity payout, as well as the rule about splitting the potential payout should the official PowerBall prize be divvied up among multiple winners.
However, the ASA held that consumers were likely to assume from Lottoland’s big-type ad that the value indicated was what they stood to collect if they matched the right PowerBall numbers. As such, Lottoland’s promo was misleading because it quoted a prize value “that would never be paid.” Lottoland was ordered to be more upfront about its payout system in future ads.
The ASA also took exception to a SlottyVegas.com online promo that claimed “our games pay more.” SlottyVegas’ parent company NRR Entertainment claimed the statement was based on its Supercharged Wins feature that added extra funds to each winning round, thereby providing a higher payout than if the feature wasn’t applied.
The ASA wasn’t buying it, saying consumers were led to believe that they’d receive a higher payout from the games on the SlottyVegas site than from games on a rival operator’s site. The ASA found that SlottyVegas had provided no evidence to support this belief, making the promo misleading.
As if to prove that they’re not entirely joyless scolds, the ASA declined to uphold a complaint against a William Hill television spot promoting the company’s Bet Boost odds enhancer. The ad, which appeared in December 2017, featured a smartphone displaying odds for football matches scheduled for six months later. The complainant suggested these odds were misleading.
Hills defended the ad, saying that, while the odds displayed were roughly comparable to what the company were likely to offer on those matches, only a proper tool would presume these odds to be there for anything other than illustrative purposes. And the ASA, in its infinite wisdom, agreed.
July 03, 2018
Thailand arrest 6500 people for World Cup gambling
The Thailand Police has arrested 6500 people so far on gambling-related charges since the start of the World Cup. Among the arrested 250 persons are bookmakers who operated the illegal racket. The police also confiscated 28 million baht.
Deputy Police Chief Gen. Chalermkiat Sriworakarn said authorities are even considering the options to convert the temporary centre – established in May this year to crackdown the football-related gambling – into a permanent facility. The military and the police are launching a joint crackdown on gambling as many Thais are glued to the ongoing World Cup. Police treat the crime as a gateway to other crimes including robbery and drug trafficking, as some who lose money seek to gain quick cash to pay debts.
About 2.5 million Thais are involved in football-related gambling, according to a study by Chulalongkorn University’s Research Center for Business and Social Development.
The research, conducted last year, said 600,000 out of the estimated 2.5 million are young Thais aged 15 to 25, 110,000 or which are first timers. It added that mobile devices had made the practice more frequent.
Deputy Police Chief Gen. Chalermkiat Sriworakarn said authorities are even considering the options to convert the temporary centre – established in May this year to crackdown the football-related gambling – into a permanent facility. The military and the police are launching a joint crackdown on gambling as many Thais are glued to the ongoing World Cup. Police treat the crime as a gateway to other crimes including robbery and drug trafficking, as some who lose money seek to gain quick cash to pay debts.
About 2.5 million Thais are involved in football-related gambling, according to a study by Chulalongkorn University’s Research Center for Business and Social Development.
The research, conducted last year, said 600,000 out of the estimated 2.5 million are young Thais aged 15 to 25, 110,000 or which are first timers. It added that mobile devices had made the practice more frequent.
Subscribe to:
Posts (Atom)