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Archive for January 25th, 2019

Stanislav Angelov Claims Second Gold Ring at WSOP Circuit Horseshoe Tunica

Stanislav Angelov from Chicago takes down an 8-handed No-Limit Hold’em event at Horseshoe Tunica for his second WSOP Circuit ring

Stanislav Angelov, a Chicago-based limousine company owner who is looking to become a full-time poker player, won earlier this week his second WSOP Circuit gold ring in just as many months.

Angelov claimed the $400 No-Limit Hold’em 8-Handed title at Horseshoe Tunica, where the WSOP Circuit’s current stop is taking place. The player won his second gold piece from the series and added $25,145 to his poker bankroll.

Angelov was one of the tournament’s 311 entries. The field created an overall prize pool of $102,630. Aside from the winner, who scooped the top prize, as many as 31 other players received a share of the prize pool, with min-cashes being worth $661.

The tournament took place over a single day earlier this week. Its 30-minute levels allowed for action to unfold rapidly until the initial field was whittled down to just the nine players who comprised the unofficial final table. Each of those lucky players had secured a minimum payout of $2,164 ahead of the start of that final stage of the event.

Angelov was the chip leader at that point in play. The player entered the unofficial final table with 850,000 in chips and a comfortable advantage over the rest of the hopefuls who were eyeing the title and the first-place prize. Harold Lackwood with 785,000 and William Stanford with 645,000 were the other two players to make it into top three of the pre-final table leaderboard.

The Moment of Victory

Angelov never really lost his momentum throughout the final table. Eventually, it was him and Larry Riggs, a player from Maysville, North Carolina, who were left to square off in a final heads-up duel for the title and the accompanying gold ring.

An all-in confrontation that saw Angelov table a winning [Ad][Ks] hand that put an end to the tournament. As mentioned earlier, Angelov scooped $25,145 from the event’s prize pool for outlasting everyone else who took part. As for Riggs, he had to settle for a consolation prize of $15,535 for his deep run and runner-up finish.

In his post-victory interview with WSOP Circuit staff, Angelov attributed his success in the 8-handed event to running pretty good. The player also said that he has been trying to play the circuit more often as he has been looking to become a full-time poker pro.

The gold ring at Horseshoe Tunica was Angelov’s second piece of gold from the popular poker series in just as many months. The player won his debut gold ring in late November for taking down a $250 buy-in tournament at Harrah’s Cherokee in North Carolina. He also scooped a payout of $30,898 for his triumph, his largest-ever cash from the WSOP Circuit. Bearing in mind his good run over the past couple of months, it should be noted that Angelov up to a great start of a poker career.

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The post Stanislav Angelov Claims Second Gold Ring at WSOP Circuit Horseshoe Tunica appeared first on Casino News Daily.

Pansy Ho Forms Shareholder Alliance to Tighten Grip on Macau Casino Operator SJM

Pansy Ho, daughter of Macau casino king Stanley Ho, joins SJM Holdings shareholder alliance to secure controlling stake in the company

Hong Kong businesswoman Pansy Ho has formed a strategic partnership to secure a controlling stake in her father’s casino empire SJM Holdings. Ms. Ho is currently co-chairing rival gaming company MGM China.

The businesswoman’s conglomerate Shun Tak Holdings announced last night that Ms. Ho and four other shareholders in SJM’s parent company Sociedade de Turismo e Diverso˜es de Macau (STDM) have agreed to combine their stakes into a combined 53% interest in a bid to manage SJM in a more efficient manner.

The newly formed alliance has thus put itself ahead of Angela Leong, SJM’s current Co-Chairwoman and fourth wife of Macau casino king Stanley Ho. Mrs. Leong holds an 8% stake in the gambling giant.

According to a filing issued yesterday, all involved parties in the alliance will submit a common proposal and will decide together on the appointment of a Chairman and Managing Director when the time comes for a vote on the members of the STDM board. The next such vote is set to occur on or around March 31.

SJM Holdings operates hotel and casino properties in Macau. As already pointed out, the company is a subsidiary of STDM, which Mr. Ho established as the only licensed casino operator in the former Portuguese colony back in the 1960s. Macau is the only place in China where casino gambling is legal, and STDM held the monopoly over the provision of casino gambling for more than five decades.

The Macau government ended that monopoly in 2002 by issuing gaming licenses to five more concessionaires and subconcesionnaires that year and in the following years.

License Expiration

News about the new SJM shareholder alliance arrive ahead of the looming expiration of casino licenses in Macau starting next year through 2022. The licenses of both MGM China and SJM are set to expire in 2020. The government of Macau has remained tight-lipped on how, when, and whether the existing licensees will have their licenses extended.

Ambrose So, the Chief Executive of SJM, has said previously that his company would seek a two-year extension of its license before it expires in March 2020. If the company is granted the two-year extension, it will come in line with the four concessionaires whose licenses are set to expire in 2022.

MGM China is, too, seeking the same two-year extension. Executives at the two companies have said that the move would set all six licensees on a level footing and that they would all be able to compete at the same pace.

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Okurr! Cardi B Lands Vegas Residency at Palms Casino

The fiery rapper has landed her first Las Vegas residency at Palms Casino Resort to join Sin City’s booming entertainment scene

The 2019 Las Vegas entertainment schedule is jam-packed with shows by some of the most talented performers in the industry. A number of celebrities have signed to residencies in Sin City, including Lady Gaga, who premiered her ENIGMA show in the final days of 2018, and Robbie Williams, whose first Vegas residency is set to kick off this March.

News broke on Wednesday that one more celeb artist will join the Las Vegas entertainment scene this spring. Bronx rapper Cardi B has landed her first Vegas residency after a stellar year in 2018, during which her debut album Invasion of Privacy smashed records and earned her several Grammy nominations.

The I Like It singer has signed to perform at Palms Casino Resort’s new day- and nightclub KAOS. The massive amphitheater-style entertainment complex is set to open in April as the final piece of the ongoing $620-million makeover at the hotel and casino resort.

Details about Cardi’s residency are yet to be revealed, but it has emerged that her performances would not be a traditional residency with multiple dates for full concert venue takeovers. Instead, the fiery rapper will make occasional appearances at the new club venue to cater to a booming demand for nightlife entertainment in Sin City.

KAOS at Palms

As mentioned earlier, the new club venue at Palms Casino Resort is part of the property’s massive renovation scheme. Owners of the glitzy resort located just off the Las Vegas Strip have decided to convert the former Rain into KAOS.

The nightclub portion of the facility will occupy 29,000 square feet of space and will feature a rotating 360-degree DJ booth, among other fancy tech additions. The dayclub portion will have a maximum occupancy of 5,000 people and will spread over 73,000 square feet of space. It will include a pool and other entertainment amenities.

Aside from Cardi B, KAOS has also signed G-Eazy, Skrillex, Kaskade, and Above and Beyond for multiple performances.

All in all, gaming and hospitality operator Station Casinos has unveiled plans to invest $620 million into renovating hotel rooms and entertainment facilities at Palms Casino Resort. The company agreed to purchase the property for $313 million in May 2016.

The makeover was to happen in three phases. Phase one of the project was revealed to the public in 2018. The opening of KAOS “will be the culminating moment for the repositioning of Palms’ renovation”, Jon Gray, General Manager of the resort has said in a statement.

It is also interesting to note that KAOS will be Las Vegas’ first megaclub to have been developed as a year-round facility. The club will sport the “first-ever audio-powered living brand logo” that will capture the sonic energy created by the venue itself.

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The post Okurr! Cardi B Lands Vegas Residency at Palms Casino appeared first on Casino News Daily.

New Jersey Regulator Fines Online Casino for Underage Gambling

PlaySugarHouse online casino gets in trouble, agrees to pay $30,000 underage gambling fine in New Jersey

The New Jersey Division of Gaming Enforcement has slapped a $30,000 fine on the operator of the PlaySugarHouse online casino for letting underage players gamble for over a year.

Rush Street Interactive, the digital arm of casino operator Rush Street Gaming, entered the New Jersey online gambling space through a partnership with Atlantic City’s Golden Nugget casino. The two operators launched the PlaySugarHouse online casino in late 2016. Rush Street Gaming operates SugarHouse Casino in neighboring Pennsylvania.

The New Jersey Division of Gaming Enforcement levied the fine on January 7 and made it public this past Wednesday. The gambling regulator said that PlaySugarHouse let underage players gamble on the website in the period between November 2016 and January 2018.

Young patrons were able to place bets online due to a glitch in the online casino’s account opening software that did not record gamblers’ birthdates accurately. The New Jersey gambling regulator explained that instead of recording players’ dates of birth, the software allowed a three-year variation in the precise date, thus making it possible for people aged between 18 and 20 to open accounts and place wagers.

As many as 13 people aged between 18 and 20 were able to register with the casino and gamble as a result from the software malfunction. The legal age for gambling in New Jersey is 21.

The erring gambling operation was levied a $30,000 fine by the state gambling regulator. Kerry Langan, a spokeswoman for the Division of Gaming Enforcement, said Wednesday that the fine was the first one for underage gambling to be issued by the regulatory body since online gambling became legal in the state in late 2013.

Rush Street Interactive Reported the Glitch

Rush Street Interactive said yesterday that it had itself discovered the software misconfiguration and self-reported it to the division. The company then took quick actions to correct and prevent further incidents of underage gamblers placing bets online.

This has not been the first time a Rush Street Gaming operation has been in trouble for underage gambling. In 2017, the Pennsylvania Gaming Control Board issued a hefty $100,000 fine to the casino operator and its SugarHouse Casino in Philadelphia for failing to prevent underage gamblers from entering the venue and wagering there.

The levy was among the biggest ever issued to an erring casino in Pennsylvania. The state gambling regulator penalized Rush Street and its casino operation for five incidents of underage gambling in 2016 that involved ten individuals.

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The post New Jersey Regulator Fines Online Casino for Underage Gambling appeared first on Casino News Daily.


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