Casino Vip search

Archive for August 13th, 2018

WSOP Circuit Kicks Off New Season with 1,056-Person Harrah’s Cherokee Main Event

It was just a few days ago when the 2017/2018 season of the WSOP Circuit ended with Warren Sheaves claiming the WSOP Global Casino Championship title and the accompanying gold bracelet. It is now time for the popular poker series’ new season and not only its first stop has kicked off in style at Harrah’s Cherokee in North Carolina, but it is actually approaching its end.

The Main Event of the first stop on the WSOP Circuit’s 2018/2019 calendar kicked off Friday at the host venue with the first of two starting flights. And Day 1B, the second starting flight, was completed last night with Louis Garza holding the chip lead with a total of 476,000, followed by Austria’s Eyal Bensimhon (pictured) with 393,000.

It was actually Bensimhon who made the biggest waves throughout the tournament’s second starting flight. The player won some massive pots early on Saturday to never lose his momentum until action wrapped up for the day. Other notables who made it through the day included Bryan Devonshir, JJ Liu, Dan Lowery, and Ryan Buckholtz, among others.

The second starting flight of the Main Event actually drew 647 entrants, of whom just 139 players secured their seats into Day 2. They will be joined by the survivors from Day 1A for ten one-hour levels at the host venue.

Day 1 Recap and Prize Pool

The first Main Event of the new WSOP Circuit season drew a field of 1,056 entries, of whom 409 joined on Day 1A and 647 entered on Day 1B. As many as 219 made it through Day 2 and will return at the host venue later today to compete for a spot among the Day 3 hopefuls.

Day 2 of the tournament will kick off with Day 1A chip leader Jeffrey Trudeau holding the overall chip lead. The player bagged and tagged 495,000 in chips at the end of the Main Event’s first starting flight to pull ahead of the rest of the field.

The WSOP Circuit’s new season came with slightly increased buy-ins, so it now costs $1,700 to enter the Main Event, up from $1,675. With registration now closed, organizers announced that the first Main Event of the new season generated a prize pool of $1,599,840, crashing the guaranteed prize pool of $1 million.

The top 108 finishers will receive a share of the money, min-cashes starting from $2,994. The money bubble is expected to burst at some point today. Each of the nine finalists at the tournament’s official final table will receive a minimum cash of $29,181. As for the winner, they will be awarded the top prize of $295,970 and the WSOP Circuit gold ring.

Harry Arutyunyan from Glendale, California took down last year’s edition of the tournament, beating a field of 1,022 entries and taking home the amount of $283,597 in prize money.

The post WSOP Circuit Kicks Off New Season with 1,056-Person Harrah’s Cherokee Main Event appeared first on Casino News Daily.

Gambling Advertising Ban Published in Italy’s Official Gazette

Italy’s highly controversial Dignity Decree, which among other things contains provisions for a blanket ban on all forms of gambling advertising, was published on Saturday in the country’s Official Gazette after its successful passage in the government.

First mention of the potential implementation of a gambling advertising ban emerged this spring when Italy’s now Deputy Premier Luigi Di Maio said that combating social issues related to and caused by gambling would be one of his main goals if his Five Star Movement party won the country’s general election.

The Dignity Decree was introduced in Italy’s legislature in late May and passed all legislative hurdles over the next two months to eventually come into force. The piece of legislation also includes a number non-gambling-related provisions. The gambling-related matters in the decree are mostly concerned with advertising, the distribution of slot machines around the country, and measures for reducing gambling addiction among Italian consumers of both land-based and online gambling products.

Generally speaking, the Dignity Decree prohibits all forms of gambling advertising across all existing channels, including television and the Internet. The measure has been promoted as one that would limit the exposure of vulnerable people and children to gambling.

The ban was met with staunch opposition by the industry, with multiple regulated operators arguing that its implementation would nix an important advantage they had over unlicensed gambling companies. Under Italian law, only holders of licenses from the local gambling regulator were able to advertise across local media outlets prior to the implementation of the Dignity Decree.

According to industry stakeholders, the new regime would not help Italy reduce the number of gambling addicts and people with problem gambling behavior, but would rather have a counterproductive effect that would result in the growth of the black market.

Paddy Power Betfair Flags Potential Departure

Irish bookmaker Paddy Power Betfair said earlier this week that it was reviewing its Italian operation and that a potential exit was under consideration due to the looming gambling advertising ban.

The company entered the Italian online gambling market in 2012 with the Paddy Power brand. It has struggled making its local business a truly profitable one since then. It pulled the Paddy Power brand last October to replace it with its Betfair one. To promote its Italian operation, the company signed up as a sponsor of Juventus last summer. However, now as the Dignity Decree is a law, that deal as well as all other similar sponsorships involving Italian football clubs and gambling companies will likely fall foul.

Paddy Power Betfair said earlier this week that it is extremely difficult to grow in a market where advertising is banned and that an exit from Italy or an acquisition that would secure the company’s profitability in that market are under consideration.

The post Gambling Advertising Ban Published in Italy’s Official Gazette appeared first on Casino News Daily.

Casino Vip