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Archive for February 27th, 2019

Jared Jaffee Leads 23 into Final Day of WSOP Circuit Rio Las Vegas

Jared Jaffee is leading 23 players into the final day of the WSOP Circuit Rio Las Vegas Main Event, eyeing his second gold ring

The WSOP Circuit Rio Las Vegas Main Event is heading into its final day with 23 survivors from an overall field of 952 entrants. Poker pro Jared Jaffee is leading the pack of hopefuls and is attacking the top for his second gold ring from the series.

The $1,700 buy-in Main Event kicked off at Rio All-Suite Hotel & Casino in Las Vegas this past Saturday with the first of two starting flights. As mentioned above, a total of 952 contenders registered into the tournament during its two Day 1s. Of them, only 202 made it into Day 2, which was played on Monday at the host casino.

The event’s field generated a prize pool of $1,442,280. The prize money was split into payouts for the top 99 finishers. The money bubble burst during the fourth level played on Day 2. Layne Flack became the unfortunate bubble boy after opening with queen-jack suited and clashing into his opponent’s aces. Each of the remaining 99 players at that point in play was guaranteed min-cash of $2,957.

Day 3 action starts today at 1 pm local time with the 23 hopefuls who are still in contention. They will all leave with a cash of no less than $10,038. However, they are certainly eyeing the top prize of $274,030 and the accompanying WSOP Circuit gold ring.

Jared Jaffee Vies for Second WSOP Circuit Main Event Title

Jaffee won his first piece of WSOP Circuit gold back in 2017 when he bested the field of the Main Event at The Bicycle Casino. Apart from the piece of jewelry, the player scooped a $211,220 payout.

Jaffee is also a proud holder of one WSOP gold bracelet. He won the gold during the 2014 edition of the popular poker series. He took down a $1,500 No-Limit Hold’em Mixed Max tournament to claim the bracelet and a first-place prize of $405,428.

The poker pro from New York is now heading into the final day of the Main Event at Rio to test his skills and do his best to add another trophy to his collection. Jaffee is leading the final 23 players with a stack of 2.36 million, good for 47 big blinds.

The start-of-the-day chip leader is closely followed by Roger Campbell with 2.325 million and Dan Park with 2.075 million. Kent Lundmark with 2.035 million and WSOP Circuit regular Nick Pupillo with 1.925 million round out top five of the temporary leaderboard.

There is just one more former gold bracelet left, aside from Jaffee, and multiple former gold ring winners. Kyle Cartwright, a holder of one gold bracelet from the WSOP series, is vying for his ninth WSOP Circuit gold ring. Three-time ring winner Steven Snyder is also still in contention.

Action resumes at 1 pm local time at the host venue. The remaining 23 players will play down to a champion.

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The post Jared Jaffee Leads 23 into Final Day of WSOP Circuit Rio Las Vegas appeared first on Casino News Daily.

Caesars, DraftKings Forge Multiyear Sports Betting Partnership

Casino giant Caesars Entertainment Corp. and fantasy sports turned sportsbook operator DraftKings Inc. announced on Monday that they have forged a partnership that will smooth the latter’s way into a number of new jurisdictions

Under the terms of the deal, Caesars has obtained an undisclosed equity stake in DraftKings. The Las Vegas gaming and hospitality powerhouse will also receive a share of the revenue generated by DraftKings in the states where their partnership is in force. The largest US casino operator, Caesars currently manages nearly 40 properties in 13 states.

DraftKings, originally a daily fantasy sports operator, ventured quickly into the US sports betting space, following last year’s strikedown of a long-standing federal ban on wagering by the nation’s Supreme Court.

The company entered the New Jersey gambling market shortly after the state legalized sports betting. DraftKings quickly became the state’s largest online gambling operator, along with rival FanDuel.

DraftKings was able to enter New Jersey’s gambling market through a partnership with Atlantic City’s Resorts Casino Hotel. It also provides sports betting services in Mississippi.

The partnership with Caesars will certainly make it easier for DraftKings to expand its sports betting footprint across the US. The operator will still need to obtain a license from the regulators of states where wagering is legal, but having access to Caesars’ physical gaming establishments will certainly make the process smoother.

Official Casino Resort Partner

Under the terms of the deal, DraftKings will promote Caesars as its official casino resort partner in states where the two companies are present. Caesars will be able to continue running its own online casino and sports betting operations.

Despite being among the leaders in the provision of sports betting in the nascent regulated market of the United States, DraftKings does not operate physical sportsbooks. While regulations in different states vary, working in partnership with a land-based casino is a key requirement in some of the jurisdictions where sports betting is legal. Its partnership with Caesars will certainly facilitate DraftKings’ entry into states where the Las Vegas casino giant operates land-based properties.

Commenting on the newly-penned deal, Jason Robins, CEO and co-founder of DraftKings, said in a Monday press release that partnering with Caesars will “expedite [their] national roll-out process and give [them] the opportunity to work alongside one of the largest and most established industry leaders in the world.”

Since the federal sports betting ban was annulled last spring, Caesars has been working actively to form key partnerships and secure extended brand exposure within the nation’s growing regulated sports betting field. Earlier this year, the company became the first casino sponsor of the National Football League. And last fall, Caesars partnered with Prudential Center in Newark, New Jersey to open the Caesars Club at the multi-purpose arena, known to be the home venue of the New Jersey Devils hockey team.

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The post Caesars, DraftKings Forge Multiyear Sports Betting Partnership appeared first on Casino News Daily.

LeoVegas Ventures Into Sweden’s eSports Betting Space

LeoVegas explores a new vertical with today’s roll-out of its brand-new eSports betting website, pixel.bet, in Sweden

LeoVegas is venturing into the lucrative eSports betting market with today’s launch of the newest brand in its online gambling portfolio – pixel.bet. The eSports betting site has recently received a five-year license for the provision of online gambling services from Sweden’s gambling regulator, Spelinspektionen.

First news about LeoVegas’ interest to expand its reach into the eSports betting market emerged last fall when the online gambling operator acquired a majority stake in pixel.bet’s parent company, Pixel Holding Group Ltd. The transaction was finalized later in 2018 and LeoVegas paid €1.5 million for the eSports betting operation.

Commenting on pixel.bet’s entry into the newly liberalized Swedish gambling market, Pixel digital Ltd. CEO Eirik Kristiansen said in a press release published today that being licensed in Sweden represents a springboard that will also position the business for continued international expansion.

Aside from betting on eSports, pixel.bet will also be offering casino games and live casino. Sweden and the Nordics are the newly launched operation’s initial focus market, but owners believe it has the potential to grow further internationally.

LeoVegas CEO Gustaf Hagman said today that in a year when his company focuses “on strong growth but also on cost efficiency, it is inspiring to see that pixel.bet are developing well.”

eSports Is Massive in Sweden

Sweden has long been one of the super powers in eSports. According to a 2016 report commissioned by Unibet, the Nordic nation has more eSport players than any other country in the world. Sweden not only has the highest concentration of professional players, but they are also among the ones most eager to spend big on eSports.

The nation has one of the largest and most dedicated eSports audiences, with millions of Swedes watching competitive gaming and purchasing tickets and merchandise. According to an early 2018 survey compiled by PayPal and research firm Superdata, Sweden is Europe’s second biggest eSports consumption market, beaten only by Russia. The study was based on viewership data from Twitch and YouTube.

Sweden’s market volume stood at SEK254 million (approx. $27.2 million) at the time the PayPal report was released. Market volume is calculated on consumer purchase of tickets and eSports-related merchandise. It is believed that the Swedish eSports market will reach its peak this year and is expected to grow 14%, two times the growth rate of the global market, and to be worth around SEK350 million (approx. $37.6 million).

The reason why eSpots has turned into a booming business in Sweden has a lot to the with the fact that the country has a strong competitive gaming culture and has created an excellent environment for players to develop their skills and gain experience. The fact that the nation was among the earliest adopters of fast broadband further helped it grow into the eSports super power it is today.

With the widespread growth of competitive gaming, betting on eSports competitions has become an equally attractive activity. The re-regulation of the Swedish gaming market has paved the way for gambling operators to venture into the relatively new but already lucrative field of eSports betting and capitalize on its increasing popularity.

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The post LeoVegas Ventures Into Sweden’s eSports Betting Space appeared first on Casino News Daily.

Serial Troublemaker 1xBet Fined in the Netherlands

Kansspelautoriteit issued on Monday its first illegal gambling fine of the year, slapping €400,000 on 1xBet and xbet-1.com

Days after the Dutch Senate passed the Remote Gaming Bill, paving the way for the re-organization of the local online gambling market, the Netherlands Gaming Authority slapped another hefty fine to erring operators serving Dutch customers without being permitted to do so.

Internet gaming companies 1x Corp. NV, registered in Curacao, and Cyprus-based Exinvest Limited were fined €400,000 for offering online gaming and betting services to Dutch punters, even though foreign operators are barred from the local market.

The Dutch gambling regulator, Kansspelautoriteit, said in a press release issued this past Monday that it has conducted a probe into the activities of the two companies in the country and has discovered that both served local customers for a certain period of time.

1x Corp. NV is the operator representing 1xBet.com, a popular Russian gambling operation that is no stranger to regulatory trouble in a number of jurisdictions, while Exinvest owns xbet-1.com.

Kansspelautoriteit said that both websites could be reached from within the Netherlands, targeted local customers in Dutch language, and featured locally popular iDeal as an available payment method. The gaming regulator went on to say in its press release that both websites offered a wide variety of gaming and betting options.

Kansspelautoriteit also discovered that another 83 websites with Dutch language versions were operated by the two companies. Logging into any of those was possible with a single account.

As mentioned earlier, the Dutch Senate has finally passed the Remote Gaming Bill nearly three years after the lower house of the Parliament cast its positive vote on the piece. The bill provides for the re-organization of the local market in a manner that will enable international operators to obtain a license from Kansspelautoriteit and operate in a regulated environment.

However, operators previously fined by the regulator will have to wait for two years (after the enactment of the new regulations) before being able to apply for a local license, under a provision in the piece of legislation.

A Serial Troublemaker

1xBet’s tendency to target unregulated markets has got the online gambling operation in hot water on a number of occasions. Last fall, the website was one of three to be blocked in Israel, where the provision of gambling services is mostly illegal.

A Tel Aviv District Court ordered last October that www.p2vbet.com, www.1xbet.com, and www.totobet777.com be blocked to be prevented from targeting Israeli gamblers.

In Poland, more than 200 1xBet-associated domains have been added to the country’s blacklist of naughty unlicensed operators since it re-organized its market in April 2017. 1xBet has also received multiple slaps on the wrist from watchdogs in its motherland, Russia. The operation’s main website has blocked access from within the country, but it has hundreds of domains that still target local gamblers.

News emerged earlier this month that 1xBet was one of several dozens of operators to have been issued a license by the Italian gambling regulator, Agenzia delle dogane e dei monopoli, to operate in one of Europe’s largest regulated markets.

1xBet found itself embroiled in a bit of a controversy in Italy a few years ago. It was selected as the official international presenting partner of the country’s Serie A for the 2017-18 season. The deal faced heavy criticism by the government and regulators, which forced its termination.

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The post Serial Troublemaker 1xBet Fined in the Netherlands appeared first on Casino News Daily.


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