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Steffen Sontheimer Leads Six Contenders into partypoker CPP $250,000 Super High Roller Championships Finale

A year after becoming the inaugural Purple Jacket winner, Sontheimer is vying for the $250,000 Super High Roller Championships title

The partypoker Caribbean Poker Party $250,000 Super High Roller Championships is just a single day away from crowning a victor. After two days of action, the tournament first drew a field of 34 entries and then reduced that field to just the final six players.

The six final tablists are set to return at the Baha Mar host casino in Nassau, the Bahamas, at 1 pm local time to play down to a champion.

The Super High Roller event generated a prize pool of $7,517,500, but only the final four competitors will be treated to a share of the money. The minimum cash is worth $700,000, but everyone from the final pack of six is eyeing the first-place prize of $3,685,000 and all the accolades that accompany the winner of an event of this scale.

The final six will be lead by Germany’s Steffen Sontheimer. The player surged into the chip lead yesterday after winning a major pot against Nick Petrangelo. And while that confrontation helped Sontheimer into a whooping 11.035-million chip stack, Petrangelo will enter the final day of action with 1.1 million, good for just under 20 big blinds.

Aside from Petrangelo, Sontheimer will face four other tough opponents for the major title, with those four being David Peters (9.31 million), Sean Winter (6.465 million), Mikita Badziakouski (3.76 million), and Isaac Haxton (2.29 million).

Who Is Sontheimer?

The German player surged into poker prominence last fall when he claimed the Poker Masters title and the accompanying Purple Jacket in Aria Casino’s inaugural Poker Masters high roller series. The player was able to capture the above-mentioned title after he took down two tournaments on the series’ schedule.

Sontheimer first emerged victorious in the $50,000 buy-in Event #2 for $900,000 in prize money. He then outlasted the field of the $100,000 buy-in Event #5 for $1.512 million. He also cashed in the $50,000 buy-in Events #1 and #4 to add $204,000 and $117,000, respectively. He thus became the winningest Poker Masters player, which won him the title and the Purple Jacket.

While Sontheimer has not won any major tournaments in the year after his Poker Masters success, the player has still scored several three-figure cashes and has performed quite well on the live tournament circuit. Most recently, he finished 15th in the WSOP Europe €100,000 Super High Roller for a cash prize of €146,907.

The German poker pro currently has nearly $9 million in live tournament earnings. A victory in the $250,000 Super High Roller will secure the player with his largest career cash.

As mentioned earlier, six-handed action at Baha Mar casino is set to kick off at 1 pm local time. The finalists will play down to a winner, bursting the money bubble in the process.

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Steve Wynn Seeks to Stop Release of MassGaming’s Sexual Misconduct Report

The disgraced casino boss files second motion seeking to stop the release of privileged information related to sexual misconduct allegations against him

Steve Wynn filed on Tuesday a motion in a Nevada state court seeking to stop the release of an investigatory report by the Massachusetts Gaming Commission regarding the sexual misconduct allegations raised against the embattled casino boss, the Wall Street Journal reports.

Tuesday’s motion sought a temporary order to prevent the publication of the probe’s findings and was filed just under a week after Mr. Wynn and his legal team filed a request for an injunction and damages. The businessman’s complaint from last week read that Wynn Resorts communicated privileged information to the Massachusetts Gaming Commission as the regulator was investigating the sexual misconduct allegations and was seeking to discover whether the Las Vegas casino company had been aware of those and how it had addressed the issue.

Mr. Wynn’s complaint further said that the documents handed by Wynn Resorts to MassGaming reflected “communications protected by Mr. Wynn’s attorney-client privilege and/or the common interest agreements he entered with Wynn Resorts.”

The casino mogul’s legal team, including Donald Campbell, informed representatives of the Massachusetts gaming regulator that Mr. Campbell had worked privately with Mr. Wynn and had penned a joint-representation agreement with Wynn Resorts back when Mr. Wynn himself had been at its helm. Mr. Campbell filed their correspondence with MassGaming in Nevada court on Tuesday alongside last week’s complaint against the regulatory body and Wynn Resorts.

Representatives for the Massachusetts Gaming Commission said that Mr. Campbell had not been able to provide enough evidence about the existence of the joint-defense agreement.

Report Expected to Be Released Next Month

MassGaming launched probe into Mr. Wynn and his company’s suitability to operate a casino resort in Massachusetts following the January publication of a Wall Street Journal report that detailed a decades-long pattern of sexual harassment and sexual misconduct by Mr. Wynn. The businessman has called all allegations leveled against him “preposterous.”

Wynn Resorts was selected as the preferred bidder for the construction of an integrated resort with a casino floor in the Greater Boston area. The $2.4-billion Encore Boston Harbor is currently under development in the city of Everett, near Boston, and is slated to open doors next summer.

As mentioned earlier, MassGaming wanted to discover whether Wynn Resorts was aware of the multiple alleged incidents of sexual misconduct involving Mr. Wynn forcing company employees to perform sex acts or subjecting them to unwanted sexual advances.

The commission is expected to release a full report with its findings during a hearing in December. However, Mr. Wynn legal action might delay the planned release of said report.

It can be said that while the casino boss’ move to block the publication of the report might seem unusual, it should be noted that in Nevada, where Wynn Resorts is headquartered and its flagship properties are located, gambling regulators do not release the findings of investigatory reports. The local regulator usually settles issues with casino companies by imposing fines, when these are needed, and without the matter going public.

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Gambling Company Global Gaming Tops Deloitte’s Sweden Technology Fast 50 List

The Malmö-based online gambling company recorded a nearly 100,000% revenue growth over the past four years

Swedish online gambling company Global Gaming has been crowned its homeland’s fastest growing technology company. Global Gaming landed the top spot in Deloitte’s Sweden Technology Fast 50 list, after registering a 97,982% growth over the past four years, which represents a new record for the Swedish Fast 50.

The winner’s of the Sweden Fast 50 ranking were announced at a special award ceremony that took place yesterday. Deloitte’s Technology Fast 50 list ranks Swedish tech companies based on their revenue growth over a four-year period. The list includes both private and public companies from different technology fields.

Global Gaming, this year’s winner, is a Malmö-headquartered online casino company. It runs a number of online casinos, with Ninja Casino being its flagship operation. Viking Slots, SpelLandet, and NettiCasino are some of the other brands operated by the company. With additional offices in Malta and Estonia, Global Gaming operates in a number of international markets, but is mostly focused on the Nordics.

The company generated revenue of SEK458 million in 2017, which reflected a growth of 97,982% over the past four years. Global Gaming entered Deloitte’s list of Sweden’s fastest growing companies for the first time this year.

Media and entertainment companies occupied the top 5 spots in the ranking and they were all newcomers to it. Other gambling businesses that were included in the list were casino game developers and suppliers ELK Studios and Thunderkick, which ranked 4th and 16th, respectively, as well as gambling group Cherry, which ranked 34th. All three companies are based in Stockholm.

Global Gaming Terminates White Label Operations

The announcement about Global Gaming topping the Sweden Technology Fast 50 list arrives shortly after the company revealed that it would terminate its white label operations in order to be able to focus more of its efforts and attention on its B2C business.

Global Gaming’s white label branch would cease operations during the current quarter. The company said in a statement from earlier this month that it would cease generating revenue from those operations beyond the end of the year. As mentioned earlier, Global Gaming will instead be focusing its attention on its B2C offering, including the Ninja Casino and the SpelLandet brands.

In a statement, CEO Joacim Möller has explained that B2B only accounted for a small portion (around 2%) of their revenue for the third quarter of the year, and that that particular business no longer justified the cost of running, maintaining, and developing and was no longer consistent with their growth strategy.

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New York Estate Firm in Talks to Buy Shuttered Atlantic Club Casino

A new potential buyer of the shuttered Atlantic Club has emerged

A New York-based real estate consulting firm has entered negotiations to buy the shuttered Atlantic Club Casino Hotel in Atlantic City, local news outlet the Press of Atlantic City reported on Wednesday citing information by the company itself.

Advanced Consulting Inc. has been talking with the closed property’s owner, TJM Properties of St. Petersburg, Florida, to acquire its buildings and convert it into a non-gambling resort, Gem Lake, CEO of the New York-based real estate firm, said on Wednesday.

The Atlantic Club closed doors in January 2014 to become the first of four Boardwalk casino properties to go bust that year. It was then purchased by Tropicana Entertainment and Caesars Entertainment, with the latter assuming control of the property and its buildings. Caesars sold the former casino resort to TJM for the total amount of $13.5 million. The transaction also included a deed restriction that aimed to prevent the Atlantic Club to be used as a casino in future.

The Advanced Consulting CEO told the Press of Atlantic City on Wednesday that “work is being done, and [they are] in heavy negotiations.”

This is TJM’s fourth attempt to sell the closed property after three previous deals fell through before they closed.

Failed Negotiations

Following the purchase of the Atlantic Club, TJM found itself in a bit of an odyssey of sale negotiations and unsuccessful sale attempts. Late in 2014, Pennsylvania-based company Endeavor Property Group penned a deal to buy the former hotel and casino resort but that deal fell through within less than a year.

In April 2017, investor Ronald Young, too, inked a deal to buy the former Atlantic Club, pitching plans to convert the property into a family-friendly hotel and entertainment resort with an indoor water park as an anchor attraction. However, that deal, too, could not be finalized and the unfortunate property was once again sent back on the market.

In August, Stockton University announced plans to buy the Atlantic Club as part of its strategy to expand its campus in Atlantic City. The university said that it was interested in the former casino’s nine-level parking garage and the land, and that it would demolish the casino and hotel buildings.

A sale was not meant to be, though. TJM President Terrence McCarthy said in September that while Stockton University had negotiated a very good deal, it had asked for far more time than his company was willing to offer. The official also said back then that they were in talks with Caesars to have the property’s use restriction that prevented it from being used as a casino lifted. This way the Atlantic Club would be more marketable at a time when Atlantic City’s casino industry was clearly in a process of recovery, Mr. McCarthy further dwelt.

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WSOP Circuit Heads to Planet Hollywood for Its Next Thrilling Festival

Planet Hollywood is the next stop on the WSOP Circuit’s 2018/2019 calendar

After a successful Choctaw Casino Durant stop, the WSOP Circuit is next heading to Planet Hollywood in Las Vegas for the next festival on its 2018/2019 schedule. The popular casino resort will play host to the series from today, November 14, all the way through November 27.

There will be 14 events to be played within the stop, and 12 of them will award shiny gold rings to the winners. A single-day $250 buy-in Casino Employees event will kick off WSOP Circuit action at the host casino.

The second day of the stop will see the beginning of a $400 buy-in multiple starting flight No-Limit Hold’em tournament. The event will feature six starting flights, played over three separate days, and two more days of action. It is thus expected to conclude on November 19. Entries will compete for a share of the $200,000 guaranteed prize pool, but given the significant number opportunities for registering into the event, that guarantee will probably be crushed very quickly.

The WSOP Circuit Planet Hollywood’s schedule includes one more multiple starting flight event and that one is the $1,700 Main Event. The highlight tournament will take place on November 24-27 and will kick off with a guaranteed prize pool of $500,000. It will feature two starting flights and to more days of play, during which the field of participants will be whittled down until a winner is determined.

The two-day $2,200 No-Limit Hold’em High Roller is the highest buy-in tournament that will take place within the upcoming Circuit stop. The event will take place on November 26-27.

Latest Planet Hollywood Champions

Planet Hollywood played host to the popular poker series two times during its 2017/2018 – in November 2017 and in April 2018. It should be noted that both festivals proved to be extremely popular with players from Las Vegas and the rest of the country as well as with both Circuit regulars and newbies.

Last November’s $1,675 Main Event drew a field of 845 entries who crushed the $1 million guarantee and created a prize pool of $1,267,500. The top 90 finishers received a share of the money, min-cashes starting from $2,865.

And it was Fernando Galvan who emerged as the victor of the major tournament. After three days of play, the player claimed his first gold ring, first WSOP Circuit Main Event title, and his first cash from the series. The Main Event champ was awarded $247,160 for his performance.

In April, a total of 610 entrants registered into the Main Event to generate $915,000 in prize money and almost double the $500,000 guarantee. There were cash prizes for the top 63 spots, min-cashes were worth $2,992.

Poker pro Benjamin Zamani (pictured) took down the tournament and is now its reigning champion. The player cashed $192,152 and claimed his first gold ring from the series. It is important to note that Zamani is the proud holder of two WSOP gold bracelets. He won his first one in 2015 for topping the field of the $1,500 No-Limit Hold’em. Bracelet number two arrived last summer, when the player took down another $1,500 buy-in event; a Omaha Hi-Lo 8 or Better one this time.

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