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Archive for January 27th, 2019

Kyle Cartwright Leads after WSOP Circuit Horseshoe Tunica Main Event Day 1A

Multiple gold ring winner Kyle Cartwright attacks the WSOP Circuit Horseshoe Tunica Main Event title with Day 1A chip lead

For those following WSOP Circuit action, Kyle Cartwright is not an unfamiliar name. The player has quite an impressive portfolio with 47 in-the-money finishes in WSOP Circuit events and seven gold rings.

The player is attacking the Circuit top once again, taking an aim at the Horseshoe Tunica Main Event title. Cartwright bagged the overnight chip lead after Day 1A of the tournament, leading 30 lucky survivors into Day 2 that will be played Monday at the host casino.

All in all, the first starting flight of the Main Event drew 243 entries who put up the $1,700 buy-in fee to participate. As mentioned above, there were only 30 players to survive through the end of the day and bag and tag for the night.

Registration is open for the event’s second starting flight, which means that anyone interested who happens to be in the region can enter the race for the title, the top prize of the prize pool, and the accompanying gold ring.

The prize pool and the places paid will likely be announced later today when registration finally closes.

Who Entered Day 1A?

Cartwright was one of the most accomplished players to enter the Horseshoe Tunica Main Event on Day 1A. The player has previously won seven gold rings from the series and has cashed in 47 tournaments to have taken place within the series.

It is also important to note that Cartwright is also the proud holder of one gold bracelet from the WSOP. The player has cashed in 24 tournaments within that series. Cartwright has clearly kept himself busy and that has helped him record more than $1.5 million in WSOP and WSOP Circuit earnings.

The player is now looking to lock up another triumph. He is leading the Day 1A pack with 611,000 in chips. Trailing closely behind him is Gennady Kalin who bagged 600,000 in chips last night. Dave Alfa rounds out top three on the leaderboard with 569,000. Alfa is vying for his second WSOP Circuit Main Event title in as many weeks. Two weeks ago, the player topped the field of the Choctaw Durant Main Event for a cash prize of $320,998.

Other notables in contention for the Horseshoe Tunica Main Event title include gold ring winners Michael Sanders, Marshall White, and Stanislav Angelov, who claimed his second-ever piece from the series just a few days ago. Former WSOP gold bracelet winner Kevin Eyster is also still in the hunt for the title and the top prize.

Day 1B of the Main Event is set to kick off today at 11 am local time. Registration will remain open until Level 13.

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The post Kyle Cartwright Leads after WSOP Circuit Horseshoe Tunica Main Event Day 1A appeared first on Casino News Daily.

Cyprus’ First Casino Resort Instrumental For Nation’s Tourism Product, Minister Says

Melco CEO visits Cyprus to brief tourism officials on performance of nation’s first casinos and plans about the future full-scale integrated resort in Limassol

Cyprus’ first casino resort is of great importance to the island’s tourism product, Savvas Perdios, the tiny Mediterranean nation’s first dedicated minister for tourism, said after a Thursday meeting with Melco Resorts & Entertainment CEO Lawrence Ho.

Melco and its Cypriot partner Cyprus Phassouri (Zakaki) Ltd. were selected as the winning bidders for the development of City of Dreams Mediterranean, Cyprus’ first integrated casino resort. Under the terms of their gaming license from local authorities, Melco and its partner are to build and operate a main resort in the city of Limassol and four satellite casinos around the Republic of Cyprus.

Melco launched last summer a temporary casino that will remain operational until the main resort is being developed. Last month, the company and its local partner opened satellite casinos in the capital Nicosia and at Larnaca International Airport. All three facilities operate under the Cyprus Casinos (C2) brand.

Local news outlets reported that Minister Perdios met with Melco’s CEO, Hong Kong businessman Lawrence Ho, earlier this week to discuss details about the main resort, the construction of which is expected to commence next month. Mr. Ho also briefed the tourism official about how the already operational facilities have been performing.

Important Contributor

Commenting on the newest additions to Cyprus’ tourism product, Minister Perdios said that Melco and its casinos are “an important contributor” to the nation’s tourism industry and that they would help it cement its reputation as a “popular and must-visit destination”.

Mr. Ho stressed his company’s commitment to the integrated casino resort project, saying that the tiny Mediterranean nation “has all the prerequisites to enhance its reputation as a regional and global premium destination” and to “emerge as a genuine point of reference for

luxury tourism and responsible gaming.”

The billionaire businessman also noted that their property will benefit Cyprus’ economy in an extraordinary manner, bringing a positive impact on the country’s GDP and tackling unemployment.

As mentioned earlier, Melco expects to begin construction work on the Limassol-based resort next month. The company targets 2021 opening of the property. Aside from a casino, it will also feature a hotel, meeting and convention facilities, food and beverage outlets, and multiple attractions. The future property has been billed as Europe’s largest integrated resort.

Melco originally announced plans to invest €550 million in its Cypriot project. However, property President Craig Ballantyne said recently that the company and its local partner have decided to up their investment. It is still unknown how much exactly the developers will spend on the resort.

Once fully operational, City of Dreams Mediterranean is expected to annually attract 300,000 international visitors to the island nation and to contribute €700 million to Cyprus’ economy after year two of operation.

First Dedicated Ministry

Early this month, Mr. Perdios was sworn in as Cyprus’ first Deputy Minister for Tourism to head the island nation’s newly formed Deputy Ministry for Tourism. The new ministry has taken over the responsibilities of the Cyprus Tourism Organization.

Led by Mr. Pedrios, the tourism ministry will have to develop strategies to enhance the country’s tourism product and tackle issues, including seasonality. Cyprus is a popular summer vacation spot, but officials and tourism industry stakeholders have been looking to change that and turn the Mediterranean island into a year-round destination.

While tourism revenue figures are yet to be released, it is believed that income from tourism accounted for 13% of the nation’s gross domestic product last year.

Cyprus smashed tourist arrival numbers last year, welcoming more than 3.9 million international visitors. The figure reported represented a whooping 7.8% increase from 2017. Great Britain was the island nation’s largest market for another year. As many as 1.32 million Brits traveled to Cyprus last year, up nearly 6% year-on-year. There was a surge in the number of Swedish visitors. A total of 153,760 Swedes visited the island last year, up 12.5% from 2017.

Russia with 783,631 visitors and Israel with 232,561 visitors represented Cyprus’ second and third largest markets in 2018, figures showed.

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The post Cyprus’ First Casino Resort Instrumental For Nation’s Tourism Product, Minister Says appeared first on Casino News Daily.


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