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Archive for December 2nd, 2018

WSOP Circuit Harrah’s Cherokee Main Event Draws 419 Entries on Day 1A, 50 Survive

Todd Osborne leads the 50 survivors from Day 1A of the WSOP Circuit Harrah’s Cherokee Main Event into Monday’s Day 2

The WSOP Circuit Harrah’s Cherokee Main Event kicked off with a bang on Friday with the first of two starting flights. It was a busy day at the host casino, with 419 entrants putting up the $1,700 buy-in to join Main Event action.

However, just 50 of them made it through the day and will be heading into Day 2 of the tournament. That next stage of the Main Event will take place Monday at Harrah’s Cherokee. But there is one more flight to be played before that, which means that the field and the prize pool will be boosted further. Flight B is slated to take place today at the host casino. The tournament features a guaranteed prize pool of $1 million, and given the massive Flight A field and the fact that Flight B is ahead, it looks like the guarantee will be crushed.

Todd Osborne from Ooltewah, Tennessee leads the pack of 50 survivors after bagging and tagging 568,000 in chips last night. The player is going for his first WSOP Circuit title. He had 18 previous in-the-money finishes in WSOP Circuit tournaments. Trailing closely behind is Toby Boas from Gainesville, Florida with 566,000. Randall Rothwell from Chattanooga, Tennessee rounds out top three of the leaderboard.

Bracelet and Ring Winners in the Hunt for the Harrah’s Cherokee Title

The Main Event at Harrah’s Cherokee attracted a number of players who have previously won either gold bracelets from the WSOP or gold rings from the WSOP Circuit. Former gold bracelet winners to enter the race included 2004 Main Event champ Greg Raymer, Keven Stammen, Kevin Eyster, and Jonathan Hilton, among others.

Notables to advance into Day 2 include Adam Hendrix, Alex Rocha, Allen Kessler, and Irene Carey. And Brock Wilson, Harry Arutyunyan, and former Harrah’s Cherokee champ Jake Bazeley were among the prominent players who were unable to bag for the night. Bazeley won his WSOP Circuit Harrah’s Cherokee title in 2014.

Flight B of the tournament starts today at 11 am local time. Interested players will be able to register into the event until the beginning of Level 13. Once registration closes, organizers will be able to announce the final prize pool and the paid places. Those who survive through Day 1B will join the Day 1A hopefuls on Monday to play together Day 2 of the tournament. The Main Event includes one more day of action. That one will take place Tuesday at the host casino and it is when the winner will be determined.

Charles Johnson from Norcross, Georgia won last year’s edition of the Harrah’s Cherokee Main Event. The player bested a field of 957 entries to collect $272,744 in prize money. That was Johnson’s largest cash from the series.

Aside from a six-figure payout, the brand-new winner of the ongoing Main Event will also secure a seat into the season-ending Global Casino Championship. The event will take place next summer namely at Harrah’s Cherokee.

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The post WSOP Circuit Harrah’s Cherokee Main Event Draws 419 Entries on Day 1A, 50 Survive appeared first on Casino News Daily.

Michigan Online Gambling, DFS Bills Await Senate Vote

Michigan could be weeks away from legalizing online gambling and daily fantasy sports if a set of bills gets Senate approval

Michigan might be close to the finish line on the legalization of online gambling and daily fantasy sports, according to the author of a set of bills calling for an Internet-focused overhaul of the state’s gambling industry.

Rep. Brandt Iden’s Lawful Internet Gaming Act was approved in the House in June. The piece now awaits vote in the Senate and if it gains the necessary traction in the upper chamber of the Michigan Legislature, it will allow the state’s three commercial and 20-plus tribal casinos to offer online casino games. The bill needs to be voted by the Senate by December 20 when the legislative session is set to end. The piece will die if no vote takes place by the end of the year.

Michigan lawmakers attempted to legalize online gambling in previous years, but their efforts failed in the Legislature every time.

The state House also passed a fantasy sports bill earlier this week. That piece, too, is sponsored by Rep. Iden and is now heading to the Senate floor for a vote. Rep. Iden said earlier this week that the distinction between fantasy sports contests and online gambling was a very important one, with fantasy sports being a game of skill and not of chance, and that was why he was pushing to legalize the two activities through separate bills.

Internet Gambling and DFS Regulation

Under H 4926, or the Lawful Internet Gaming Act, the state’s casinos would be allowed to operate gambling websites offering different casino games, including blackjack, roulette, and poker. Online gambling will be taxed at 8% of the overall gaming revenue generated.

Rep. Iden believes the legalization of Internet gaming will increase revenue to the state. However, a recent analysis by the House Fiscal Agency suggested that gaming revenue could actually drop because the difference in the tax rate with the state’s existing casinos. Brick-and-mortar gambling venues are currently taxed at 19% on casino revenue.

According to Rep. Iden, online gambling would not displace the existing casinos, but will rather create new markets, attracting new players and expanding the customer base to “younger millennial types who are used to doing everything on their mobile devices.”

H 4926 contains sports betting provisions, but Rep. Iden said earlier this week that he is working on a comprehensive sports betting bill, which he intends to introduce next year. Under the Lawful Internet Gaming Act, the Michigan Gaming Control Board would be tasked with establishing the parameters for online sports betting. However, a separate legislative piece will be needed to set other important details, including taxation.

As for the daily fantasy sports bill, it would require interested operators to pay a license fee of $50,000 and an annual renewal fee of $20,000 in order to be able to provide their services in Michigan. According to Rep. Iden, the fees will encourage “serious actors” to participate.

However, according to the Small Businesses of Fantasy Sports Trade Association, the proposed $50,000 fee was “too steep” and DraftKings and FanDuel would probably be the only operators that would be able to pay it, leaving smaller DFS businesses outside the Michigan fantasy sports field.

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The post Michigan Online Gambling, DFS Bills Await Senate Vote appeared first on Casino News Daily.

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