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Archive for April 8th, 2019

WPTDeepStacks Thunder Valley Day 2 Kicks Off with 88 Hopefuls

Tuan Nguyen leads 88 survivors into the second day of the WPTDeepStacks Thunder Valley with a commanding chip lead

With just a few stops left over just under two months, the WPTDeepStacks season is approaching its end. Thunder Valley Casino Resort in Lincoln, California is currently playing host to the popular poker series and the $1,100 Main Event has just finished its starting flights phase.

The tournament attracted 678 entries over three starting flights. The field crushed the $500,000 guarantee to create an overall prize pool of $675,660. The champion, whose name will become clear tomorrow night, will take home a top prize of $121,000. The first-place payout also includes a $3,000 ticket into the season-ending championship event.

As many as 88 players made it through the three starting flights. They are set to return shortly to the host casino and play Day 2 of the tournament. The first minutes of play will be really important as the money bubble is just three eliminations away. That said, the top 85 finishers will leave the tournament with a payout, min-cashes starting from $1,780.

Tuan Nguyen Leads the 88 Survivors into Day 2

Of the 88 hopefuls still in the hunt for the title and the accompanying first-place prize, it will be Tuan Nguyen who will enter Day 2 as the overall chip leader. The player entered the Main Event through Day 1C and amassed a hefty stack to secure a comfortable entry into the second day of play.

Nguyen is starting Day 2 competition with 546,000 in chips. There is quite a gap between the chip leader and the player with the second largest start-of-the-day stack. That player is Tuiofo Hunkin with 393,000 in chips. He, too, entered the Main Event through its third starting flight on Saturday. Day 1C entry Yury Klimenkov rounds out the top three stacks at this stage of the game.

There are quite a few former WPTDeepStacks Champions in the hunt for another title from the major series, with some of those being Day 1C’s Mimi Luu, Matt Montgomery, and Jasthi Kumar, and Day 1B’s Alex Greenblatt and J.C. Tran. Former WPT Main Tour Champion Tyler Patterson is looking to add a WPTDeepStacks title to his portfolio.

The second day of contention kicks off at noon local time at the host casino. This is the tournament’s penultimate day of play, and the name of the champion will be known at some point tomorrow.

The WPTDeepStacks will next be off to the sunny island nation of Malta for a thrilling poker festival that will be jointly organized with online poker operator 888poker. The festival kicks off tomorrow, while the €1,000 Main Event with a guaranteed prize pool of €200,000 is slated for April 11-14. Casino Malta in St. Julian’s will play host to the event.

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The post WPTDeepStacks Thunder Valley Day 2 Kicks Off with 88 Hopefuls appeared first on Casino News Daily.

Sri Lanka Casino Entry Fee to Only Apply to Nationals

The government of Sri Lanka has clarified that a previously proposed $50 casino entry fee would only apply to nationals, Finance Minister says

International visitors would not be required to pay the levy in order to be admitted to the nation’s casinos.

News about Sri Lanka’s plan to introduce an entry fee on visitors wishing to gamble at local casinos first emerged last month. The proposal was tacked onto the country’s budget for the next fiscal year.

Sri Lankan lawmakers also presented a plan for a drastic increase in the annual license fee casino operators are required to pay. Seeking additional revenue for the nation’s coffers, the government has decided to double that fee to LKR400 million (approx. $2.2 million) from LKR200 million. In addition, casino owners will also be obligated to pay a 15% tax on their full-year gambling turnover. The new tax took effect on April 1.

Sri Lanka’s Finance Minister Mangala Samaraweera clarified last week that the proposed $50 entry fee would only apply to nationals and residents of the tiny South Asian island nation. The purpose of the levy would be to discourage locals from gambling at casinos.

Minister Samaraweera also said that the government is preparing to roll out a framework for the regulation of gambling in the country. The adoption of a new framework was a prerequisite under Sri Lanka’s anti-money laundering law.

Looming Ban on Cricket Betting

Aside from casinos, betting on cricket and horse races are two other gambling activities that are particularly popular with Sri Lankan gamblers. However, changes in the way these are provided are soon to be implemented, as announced by Minister Samaraweera.

The legislator revealed last week that cricket betting, an activity currently conducted by two private companies, would soon be banned on the territory of the island nation. The ban was prompted by a request made Sri Lanka’s Minister of Transports and Civil Aviation (and a former cricket player) Arjuna Ranatunga, it also became known.

At present, betting on cricket and horse races is available at shops and kiosks around the country, even though there are no clear-cut definitions in the country’s regulatory framework on the legality of such shops and kiosks.

Sri Lanka has previously been eyed by a number of major international gambling companies that have reportedly expressed interest in opening casino resorts on the territory of the nation. Australia’s Crown Resorts was at some point in advanced discussions to launch a hotel and casino complex in the capital Colombo but those fell through later on. Las Vegas giants Las Vegas Sands, MGM Resorts International, and Caesars Entertainment Corp. were too among those mentioned by local media in relation to their potential interest into expanding to Sri Lanka.

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The post Sri Lanka Casino Entry Fee to Only Apply to Nationals appeared first on Casino News Daily.

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