Germany Approves Another Nine Online Poker/Slot Licenses

The online gambling landscape in Germany is about to get bigger and more diverse. The story goes that the Sachsen-Anhalt State Administration Office has decided to approve nine more licenses, which will enable a couple of new online casinos and poker platforms to launch in the near future.

Previously, the licensing authority issued three licenses to companies Mernov, Mybet, and Tipwin. The names of the other nine operators are yet to be announced.

Asa of July 2022, the total number of operators that have been granted operating licenses is 12. At the moment, there are more than 60 other applicants waiting in line.

Administration Office Looking to Clamp Down on Shady Operators

Apart from issuing new licenses, the Administration Office has also been checking whether the current operators are worthy of the license. Over the past 12 months, the office has reviewed more than 870 gaming websites in order to check whether they’re breaking the law.

About 90 illegal gambling ads were discovered during the review process, with almost 150 illegal gaming cases placed under investigation. Further, the Administration Office also found that there were 25 illegal operators operating in Germany, all of which have been referred to the public prosecutor.

Die Glücksspielbehörde (GGL) is in the Business

Starting July 2022, Die Glücksspielbehörde (GGL) is going to be the main gambling regulator in Germany. Rather than letting each province has its own regulatory body for online gaming, Germany will use a more centralized system from now on.

The GGL will be in charge of giving operating licenses, as well as of reviewing operators and clamping down on illicit gambling sites.

The launch of the GGL came earlier than expected. At first, it was planned for the central gaming authority to start working in 2023, with January 1 often cited as the earliest date. However, the German Government gave it the green light some six months earlier.

The GGL was launched on July 1 – exactly one year after Germany passed the Fourth State Treaty on Gambling, a bill making online casino gambling legal.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Nirvana Producer Steve Albini Wins His Second WSOP Bracelet

Steve Albini, a famous music producer who used to work with Nirvana, Robert Plant, Jimmy Page, and many other rock’n’roll stars, won WSOP Event #32: $1,500 H.O.R.S.E last Saturday. In addition to winning the bracelet, Albini also won a $196,089 prize. It was his second bracelet win, with the first one happening in 2018 when he won Event #31: $1,500 Seven Card Stud.

Albini Defeats Elite Players on His Road to the WSOP Bracelet

On his way to winning the 2022 event, he had to defeat a field of 773 poker players. Among those is Tamon Nakamura, who cashed out $19,373 by finishing in #8 place. Further, Eddy Vataru finished in seventh place, winning $25,294.

Peter Brownstein took sixth place, banking $33,552 along the way. Kyle Loman was next to go home, taking a $45,209 prize for finishing fifth.

Richard Bai finished in the #4 place, winning $61,862, while the no.3 player Jason Daly got himself an $85,943 prize. James Morgan, who’s one of the most successful active players from Canada, finished in second place, cashing in $121,195.

Other Celebrities Who Took Part in the WSOP

Steve Albini is just one in a long list of poker-loving celebrities. In fact, some real A-listers have tried themselves in the WSOP, although not many of them achieved as much as Nirvana’s legendary producer.

One of the best examples is actor James Woods, who’s had 21 money finishes at the WSOP, collecting around $130,000 in total. Toby Maguire of Spiderman fame also took part in several WSOP tournaments, cashing in circa $50,000.

When it comes to actors and actresses, the most successful celebrity in the WSOP is comedian Jennifer Tilly. According to HendonMob, she’s earned over a million dollars in her poker career, winning one WSOP bracelet along the way.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

DraftKings Sportsbook Goes Live in Ontario

On April 4, 2022, online sports betting went live in Ontario. Canada’s most populous province now has a regulated internet gambling landscape, where 17 operators are allowed to do their business. One of those is DraftKings Sportsbook, which has gone live on Wednesday, May 18, some six weeks after most other Ontario betting sites.

From now on, Canadian bettors from Ontario have the luxury to bet online, as well as play internet casino games on the DraftKings platform. According to the company founder and CEO Jason Robins, this is a major landmark, which has the potential to take DraftKings to the next level.

DraftKings Not Worried About the Late Start in Ontario

Based in Boston, Massachusetts, DraftKings is an American company whose online sportsbook is available in 18 states in the US. Its online casinos – including the recently-acquired Golden Nugget Online Gaming (GNOG) – are available in eight US states.

Encouraged by its success in the United States, the company decided to spread its business empire over the northern border. The launch of DraftKings Sportsbook Canada, however, came one month and a half after the launch of its competitions.

It’s strange because, in the United States, DraftKings always wanted to be among the first to launch. It launched on Day 1 in New York, New Jersey, Arizona, Louisiana, Michigan, and Indiana.

The reason why DraftKings Sportsbook CA didn’t launch earlier is that the company has worked on clinching two major deals over the last couple of weeks. One of those was the launch of the DraftKings Sportsbook in Ontario; the other was the takeover of the GNOK.

According to Robins, the late start will not affect the company too much. In fact, the DraftKings co-founder believes that the sportsbook will perform better than expected. In fact, it’s already been doing better than what was projected at the start of 2022.

DraftKings Stops Its DFS Product in Ontario

DraftKings Sportsbook launched in Ontario on May 18, but this brand had a presence in Canada for several years. What we’re talking about is the DraftKings daily fantasy platform which had been operating in Ontario’s DFS grey market.

The word to focus on is ‘had’ because DraftKings DFS is no longer available in Ontario. Due to the provincial gaming authorities asking operators to stop working in the grey area, DraftKings decided to suspend its unregulated DFS product for the time being. Once Ontario regulates the DFS landscape, it’s very likely we will see the return of DraftKings.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Poll Reveals New Jersey Residents are In Favor of Casino Smoking Ban

As per a recent poll, most residents of New Jersey are now in favor of a total ban on smoking inside casinos. In turn, this means that people from the Garden State would like to see all nine Atlantic City casinos stop allowing smoking on their premises.

The poll in question was conducted by Stockton University’s Polling Institute between April 4 and April 13 by telephone. According to researchers, the poll had a +/-3.8% margin of error.

No Smoking in Atlantic City Casinos?

In 2006, the state of New Jersey passed the Smoke-Free Air Act, which made indoor smoking illegal. However, the act did leave out the eleven casinos located in Atlantic City, enabling the casino owners to decide for themselves whether to keep a quarter of the indoor gaming space as a smoking-friendly zone.

In 2022, all of the Atlantic City casinos allow the patrons to smoke in up to 25% of the gaming space. However, that might come to an end soon as the public opinion has shifted in the favor of a smoking ban over the last couple of years.

According to the Stockton University’s poll, almost one-third of respondents (62% to be precise) are now in favor of seeing a total smoking ban imposed on Atlantic City casinos. Another 31% believe that the current laws are more than suitable, while the rest of respondents have no opinion on the matter.

Casinos Fear Revenue Drop

According to a study by the Casino Association of New Jersey, a total smoking ban would lead to a 25% drop in casino revenue. The reason is that casinos are seen as safe havens for smokers. They’re the only public places in the state where people can smoke indoors without facing fines.

Casinos would love to keep the current smoking laws in place, suggesting that there might be an out-of-the-box solution to the problem. Rather than banning smoking completely, casinos could start using advanced ventilation systems to deal with the issue.

However, health experts seem to disagree. They believe that it’s impossible to completely get rid of the risks that come along with indoor smoking. According to them, not only are casino patrons in danger of developing serious health issues, but casino employees as well.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Texas Bans Metaverse Casino Funding Through NFT Sale

Earlier this week, financial regulators in Texas ordered metaverse casino Sands Vegas Casino Club to stop its funding through the sale of NFTs. In the cease-and-desist letter, The Texas State Securities Board (TSSB) explained that the reason behind it is a violation of securities laws.

The people behind the project – Finn Ruben Warnke and Martin Schwarzberger – were told they aren’t allowed to fund the metaverse casino development by selling NFTs as it’s seen as a “fraudulent securities scheme” in the eyes of the state.

What Happened with Sands Vegas Casino Club?

The co-founders of the metaverse casino put 11,111 NFTs up for sale with the plan of using the funds to finance the project. The NFTs in question were digital drawings of cartoon gamblers. In turn, the buyers would not only get digital ownership of the images but also a share of the casino’s profits.

As per the statement published on the official website of Sands Vegas Casino Club, the NFT holders would get 50% of all the profits made by the metaverse casino, estimated to be about $80,000 a year.

It did seem like a great deal for a number of people, as evident from the fact that many of them rushed to buy the NFTs. However, the TSSB then stepped in with its cease and desist order. According to the Texas government, NFTs can be seen as securities.

Although Texas (and most other US states) do not have laws that regulate NFTs, the TSSB is an authority whose orders the metaverse casino will have to comply with.

Ban Doesn’t Halt Expansion of Metaverse Casinos

Even though Texas has halted the development of Sands Vegas Casino Club, the chances are its founders will find another way to fund the project. The thing is that interest in metaverse casinos keeps growing exponentially.

If you’re not familiar with the term, metaverse enables users to enter the virtual world using VR headsets. A sort of alternative reality, the metaverse makes it possible to play virtual games with people from different parts of the planet.

Metaverse allows developers to create literally anything that comes to their mind, including virtual casinos. The result is that users get the same kind of experience as if they were gambling in a real-life brick-and-mortar casino.

Several major tech companies have already started working on metaverse, most notably Mark Zuckerberg’s Meta. Then there’s video game company Atari (developer of Space Invaders), which is working on a blockchain-based metaverse that would feature a virtual casino among many other things.

Metaverse Casinos Already in Business

Although Atari’s metaverse casino still hasn’t launched, the company has already put its token up for sale. The digital currency is called the Atari Token ($ATRI) and is available at leading exchanges.

There are, however, some metaverse casinos that are already in business. Decentraland, for example, is a 3D metaverse based on the Ethereum platform, in which users can create their avatars and live in an alternative reality. Among the things they can do in the virtual world is play casino games. To do that, they can use the MANA cryptocurrency.

You can expect metaverse casinos to work on the same principle in all the other metaverses, including Meta’s and Atari’s. However, there’s also a metaverse focused on casino gambling only. Decentral Games is what we’re talking about, which is a VR casino, where you can play casino games like poker against real people in a metaverse environment. At the moment of writing, the metaverse casino has about 200,000 players.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Buddhist Monk Wins Lottery, Gives Money to Charity

As reported by Yahoo Sports a few days ago, a 47-year-old Buddhist monk from Thailand hit a big lottery win of about 18 million Thai baht or around $540,000.

A member of the Wat Phra That Phanom temple, the monk explained that he’s usually against gambling, telling the press that his reason to buy the lottery ticket was to help his local vendor who was struggling with sales. Reportedly, the monk bought three lottery tickets, one of which had the winning numbers on it.

Jackpot-Hitting Monk Giving Away His Winnings

In an interview he gave to the local press, the lottery-winning monk said he believed the money belongs to the angels. He believed it was a divine intervention that led him to the jackpot as an award for taking good care of the temple for more than ten years.

The monk decided to give the money away, diving the winning between the temple, local schools, and charitable organizations. He also started giving 500 baht or about $15 to over 1,000 people from his town. The monk quickly had to adjust his plans, setting the sum to 200 baht after a few more thousand people from other parts of Thailand showed up at his door.

He was eventually forced to put an end to the giveaway after the local authorities warned him that such a massive gathering could lead to the spread of COVID-19.

Lottery Winners Who Gave It All Away

This wasn’t the first time a Buddhist monk hit a big prize in the Thai Lottery. Just a few months earlier, another did the same. This monk won around $588,000 after winning three lottery tickets.

He too decided to give some of the money to charity but was forced to go into hiding after several thousand people came to him to ask for donations.

Outside Thailand, we’ve seen many other examples of people giving away their lottery winnings. For instance, over in Canada, a former Miss Quebec started her own humanitarian organization in 2018 after winning CA$1,000 a week on the Canadian Lottery.

Five years earlier, another Canadian gave even more to charity. The story goes that Tom Crist, a successful businessman from Calgary won CA$40 million, all of which he decided to give away to cancer charities. Crist explained that during his life, he’s earned enough money for his kids to live fine lives. With his wife dying of cancer a few months before he hit the jackpot, he decided it was best to invest money in fighting the disease.

In the United Kingdom, a former nurse Barbara Wragg and her husband Ray gave $7.1 million to various local charities in their hometown of Sheffield after hitting $9.9 million on the UK lottery. A big chunk of that money went to the hospital where Mrs. Wragg had spent most of her working days.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Drake to Hosts a Live Event on Stake.com Called ‘Drake on Stake’

Canadian hip-hop artist Drake made the headlines by placing Super Bowl bets worth $1.3 million on the Los Angeles Rams to win the Lombardi, as well as on Odell Beckham Jr. scoring a touchdown and recording over 62.5 running yards. Drake won two of those three bets, making himself a profit of more than a mil.

He did it on the cryptocurrency betting platform called Stake.com. Despite having to pay out over $1 million, the company doesn’t seem to feel sorry. After all, the whole Drake saga made them famous around the world.

It worked so well for them that they decided to go one step further and get themselves a deal with the 4x Grammy winner. The story goes that Drake has agreed to be the host of a live show event called ‘Drake on Stake.’

Drake’s Live Show in a Nutshell

The collaboration between Drake and Stake.com is envisioned as a live event, in which the rapper would bet on sports and play casino games on live stream. The plan is that whatever he wins during ‘Drake on Stake’ would go to the viewers.

At the moment, it’s not clear when the even is going to take place, with Drake promising to share the exact date on socials. Further, we also don’t know whether it’s going to be a one-off event or a series of live shows, although the people from Stake.com did suggest the latter is more likely.

The company is planning to create a number of promotional videos featuring Drake, with the intention of introducing their brand to the North American audience.

Drake is not the only celebrity who’s signed a partnership deal with Stake.com. Former Manchester City player Sergio Aguero also became their brand ambassador after a heart problem made him end his professional soccer career.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Super Bowl LVI Expected to Break Betting Records in the US

The 56th edition of the Super Bowl – Cincinnati Bengals vs Los Angeles Rams – is likely to become the most legally bet game in the history of American sports. New data shows that more than 31 million people in the United States are planning to bet on the Super Bowl LVI, potentially wagering a total of $7.61 billion.

If the estimates are correct, it would mean an increase of 78% in total Super Bowl betting volume in comparison to last year’s game. The reason behind it is obvious – in 2022, 60% of US states allow sports betting.

Just two years ago when the Super Bowl LIV took place, the number of betting-friendly states was only 14. As a result, most of the money wagered on the NFL Championship game went to offshore sportsbooks. Fast-forward to 2022 and there are 30 states where sports betting is legal, meaning that most of the Super Bowl bets will be made in the United States.

9 Million People to Bet On Super Bowl Online

As per a recent study by the American Gaming Association (AGA), about 9 million Americans are planning to place their Super Bowl LVI bets using an online sportsbook or sports betting app.

There are 20 states in the US where online/mobile betting is legal ahead of the clash between the Bengals and Rams. In fact, some states – like New York – went far and beyond to ensure sports betting goes live before the game.

Most of the states where online/mobile wagering is legal are situated in the northeastern part of the country. In fact, the AGA estimates that nearly one-fifth of all the Super Bowl LVI bets is going to be made by bettors from the Northeast.

Bettors Favor the LA Rams

The Los Angeles Rams are seen as a 5-point favorite to win the Lombardi Trophy at most online sportsbooks in America. When it comes to moneyline odds, the Rams are priced at +170.

Apart from being favored by bookmakers, the Rams are also favored by American bettors. According to the AGA, about 55% of them are planning to back the LA franchise, while 45% think the Bengals might upset the odds.

Among those who have put the money where their mouth is, is Canadian rapper Drake. According to the man himself, he’s placed $1.3 million worth of Bitcoin on the NFL Championship game. Most of that money went on the Rams moneyline ($471,000), while he also placed two $392,000 bets on Odell Beckham Jr. to record more than 62.5 receiving yards and OBJ scoring at least one touchdown.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Wynn Goes Big in UAE, Plans to Sell Its Online Betting Business

There are some big news coming from Wynn Resorts. First, the Vegas-based gaming giant appointed a new CEO Craig Billings, the man whose one of first moves was to expand the business to the Arabian Peninsula. As confirmed by the company, Wynn Resorts is planning to construct a new integrated resort in United Arab Emirates (UAE).

The location is Al Marjan Island, an artificial island in the Ras Al Khaimah region, some 45 minutes away from Dubai International Airport. The cost of the development of the UAE integrated resort is counted in billions of dollars, as the complex is expected to feature a luxury 5-star hotel with 1,000+ rooms, as well as a large shopping mall, numerous restaurants and other venues.

There is one aspect of integrated resorts that the UAE project might miss – the gaming area. Even though the project includes a casino, it’s still not clear whether the UAE Government is going to allow it. The thing is that the official religion of the country, Islam, prohibits any form of gambling.

Wynn Resorts to Offload Its Online Betting Business?

Wynn Resorts might be forced to give up on the gaming aspect of its UAE project, but that might not be the end. As reported by the New York Times, the company is looking to sell its sports betting product.

Although it hasn’t been confirmed by the Wynn spokespersons, the company is reportedly willing to sell it at a big discount. Wynn’s mobile betting app is valued at as much as $3 billion but the company would accept a much lower price. The number that’s rumored is $500 million.

At this stage, everything is still pretty much a speculation, although there are some signs that Wynn might actually do it. The biggest of all is the fact that WynnBet still hasn’t launched in New York State. Even though the sportsbook was one of the nine operators that were given the license by the state officials, the app still hasn’t gone live.

The reason behind this might be that Wynn doesn’t see big profits from its NY betting app. Considering that the tax is set to 51% in New York, their estimates might be correct. On top of that, WynnBet’s main competitors – Caesars, FanDuel, and DraftKings are going full throttle in the Empire State.

These sportsbooks are giving away some pretty lucrative bonuses to New Yorkers, while they’re also being very aggressive with their advertising tactics. If WynnBet wanted to join the race, the company would need to invest tens or even hundreds of millions in attracting new customers.

According to a gambling analyst from Jefferies, David Katz, the advertising/promo cost of acquiring a single online sportsbook customer in New York is between $300 and $500.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

New York Online Sportsbooks Get Off to a Flying Start

Online sports betting has officially launched in the state of New York. Starting Saturday, January 8, 2022, New Yorkers have the luxury to bet on sports using one of the state-approved betting apps or sites.

A total of nine sportsbooks have been given the operating license, however, only four have made their debut on day 1.

The sportsbooks in question are the following:

  • BetRivers
  • Caesars
  • DraftKings
  • FanDuel Sportsbooks

For these brands, making an early launch proved to be the right choice as the sportsbooks cashed in some record-breaking amounts during the first weekend of NY mobile betting.

Great News for New York

According to data from GeoComply, betting volumes recorded in New York outshined those from other betting-friendly states. This includes two of NY’s neighboring states, New Jersey and Pennsylvania.

The total betting handle generated in New York within the first 12 hours of mobile betting is reportedly around $5.8 million. In comparison, bettors from Pennsylvania recorded a $2.3 million handle, while those in New Jersey placed a total of $2.1 million worth of bets.

The fact that New York broke the record of other states is great news for the state government. Considering that operators need to pay a 51% tax to the state, it’s expected that New York is going to gain about $500 million from tax revenue.

The money is supposed to be used to fund education, addiction-battling projects, youth sports initiatives, and so on.

BetMGM New York to Launch Next

The four NY online sportsbooks generated record amounts during the first weekend, but we could see them doing even better in the upcoming weeks. This is because the Super Bowl LVI is on the program in February, which is the most popular sports event in the US, both among fans and bettors.

Big revenue figures are expected for the other sportsbooks as well. The remaining five sportsbooks are supposed to launch before the Super Bowl, with BetMGM being the first on the list. In fact, BetMGM is set to launch its NY internet sportsbook on Monday, January 17.

The other four – Bally Bet, Wynn Interactive, PointsBet, and Resorts World – are expected to launch by the end of the month.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

New York Mobile Betting to Go Live in January

New Yorkers will get to bet on Super Bowl LVI using legal NY online/mobile platforms. The state gave the green light to nine sportsbooks, with only some minor things left to be cleared before the launch.

The NFL Championship game is on the program on February 13, 2022, but New York betting sites and apps will probably go live a few weeks earlier. At least that’s according to Senator Joseph Addabbo, who suggested last week that bettors from New York will be able to make bets on the NFL Playoffs.

As per Addabbo, it’s most likely that mobile betting will kick off in New York in mid-January. He puts the launch date somewhere between the second or third week of the month.

Evolution of Sports Betting in New York State

It was 1992 when the Professional and Amateur Sports Protection Act a.k.a. PASPA came into force, effectively banning sports betting in most US States. For the next 26 years, Americans could only bet in Las Vegas, Atlantic City, and on tribal lands.

However, in 2018, PASPA’s era came to an end after Supreme Court ruled it was unconstitutional to ban sports betting on the federal level. The Court decided it’s up to each individual state to make its own decision regarding the legality of sports betting.

New York State made betting legal straight away, albeit only at land-based casinos in Upstate New York. However, when the COVID-19 pandemic hit the Empire State, its lawmakers realized that regulated sports betting could be their golden goose.

Instead of letting billions of dollars to continue hemorrhaging to offshore betting sites, they decided to regulate the NY market.

After months of analyzing the matter, New York State decided to allow nine sportsbooks to launch online betting platforms, namely:

  • DraftKings
  • FanDuel
  • BetMGM
  • Caesars Sportsbook
  • Resorts World
  • PointsBet
  • BetRivers
  • WynnBET
  • Bally Bet

All the listed sportsbooks have been given the green light by the state. They’re expected to start their sportsbook operations in January, while we could see them start accepting customers from New York as early as New Year’s Day.

Americans Just Love the Super Bowl

It’s of utmost importance for New York State that the sportsbooks go live before the Super Bowl LVI. Why? Because Super Bowl is traditionally the most-watched sports event in the United States. It’s also the #1 favorite choice for American bettors.

However, NFL betting is just one of the options New Yorkers will have before them. They will also be able to bet on other popular US sports, including the NBA, MLS, NHL, and MLS.

On top of that, they will also be allowed to bet on sports events outside the US, such as the Australian Open, which is the first major event in 2022.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Dutch to Clamp Down on 12,000 Casino Operators With Curacao Licenses

The Dutch authorities have decided to deal with online casinos carrying the Curacao gaming license, which they’ve been using to offer their services to players from numerous parts of the world.

Curacao is a Caribbean Island that’s a constituent country of the Kingdom of the Netherlands. Such, the island has a degree of autonomy, which is the reason why its government has been able to issue online gaming licenses on its own accord.

According to the Dutch, however, Curacao’s online regime has been nothing short of controversial. With a Curacao operating license, online casinos and sportsbooks have been able to do business in unregulated markets as if they had a local license in each country/territory they’ve been operating.

12,000 Online Casinos are On the Dutch Radar

The Dutch lawmakers estimate that there are about 12,000 online gaming sites that have a Curacao license. This number was firstly suggested by a Dutch investigative journalism platform Follow The Money (FTM).

According to FTM, the 12k Curacao casinos account for nearly 40% of the world’s unregulated gaming market.

“Curaçao has this position because of its low tax rates, good internet cables, and server warehouses,” an FTM spokesperson said.

The main selling point of the Curacao gaming license has been the fact that it’s easy to get it. It doesn’t cost much and it’s possible to get it even if your business isn’t physically located on the island. This made Curacao a paradise for start-up businesses in the world of online gaming.

However, the fact that it’s easy to get the license has tarnished its reputation. The thing is that over the years many shady operators were given this license. Some of them stole/withdrew money from their players, leaked their private data, and so on.

As a result, many countries around the world decided to prohibit Curacao casinos from operating in their region. The United Kingdom is probably the best example. Another country that might follow the UK’s steps is the Netherlands.

Dutch Gaming Authorities vs. Curacao

The Dutch want to clamp down on Curacao’s gaming industry, citing it as too irresponsible. Still, their motivations might not be as selfless as they might seem at first. The offensive against Curacao casinos started at the same time as the Dutch government decided to regulate the country’s online gambling market.

Once the whole process is finished, only casino/sportsbook sites with a Dutch license will be permitted to do business in the Netherlands. Those platforms with a Curacao license will be banished.

However, the Dutch plan does not end with banning Curacao casinos to operate in their country. They are also putting pressure on their Caribbean dependency to reform their gaming laws. The Dutch are willing to provide Curacao with COVID aid only if the island deals with its casino licenses.

All this, however, doesn’t mean all Curacao casinos and sportsbooks will lose their license. On the contrary, if the Dutch make their plan come true, Curacao will have to revoke the licenses of shady operators. Operators that fulfill an updated list of conditions would be allowed to keep their license.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Sports Betting Gets the Green Light from North Dakota

North Dakota has officially joined a long list of states in which sports betting is legal. There are now 29 states where this activity is legal, while a few more are currently working on legalization. On top of that, betting is also permitted in the District of Columbia.

Starting December 1, North Dakotan bettors will be able to place sports wagers at a tribal casino located a few miles off the state border with South Dakota. The casino in question is Dakota Magic Casino (DMC) in Hankinson.

Betting at Dakota Magic Casino

Dakota Magic Casino is the only venue in North Dakota in which people will be able to place sports wagers. Owned and operated by the Dakota Nation Gaming Enterprise, the casino is currently working on setting up a special sportsbook room within the venue.

The plan is to create a Vegas-style lounge with walls covered in TVs where the patrons will be able to watch live coverage of popular sports events. The sportsbook is also supposed to feature a bar, with drinks and a limited food menu.

The sportsbook is meant to open in time for the Super Bowl LVI. In the meantime, bettors will be able to place their best at a kiosk on the casino floor. Mobile wagering remains unregulated in this state, meaning that the sportsbook kiosk at Dakota Magic Casino will remain the only place in the Peace Garden State for a while.

What About Betting in South Dakota?

Dakota Magic Casino is situated in the southeastern corner of the state. It’s relatively close to Minnesota, whose bettors are expected to swarm to the sportsbook in the following months as this activity remains illegal in their state.

The same, however, isn’t the case with South Dakota, a state whose border is also fairly close to the casino. This state is betting-friendly since last summer. Its lawmakers made betting legal in July, while first sportsbooks launched in September in five casinos in Deadwood, a city on the outskirts of Black Hills National Forest, close to the border with Wyoming.

Making betting legal proved to be a lucrative decision for the state. The Deadwood casinos, for instance, reported a 20% revenue increase only a month after sports betting launched in the state. Something similar is expected to happen in the state’s northern neighbor as well.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Dan Bilzerian Challenges a Billionaire to a $100M Heads-Up Poker Match

Social media star turned poker player Dan Bilzerian is planning to set up the biggest Heads-up poker match in the history of the game. The match is supposed to have $100 million at stake. Of course, only if his opponent agrees to the conditions.

Dan Bilzerian’s opponent is supposed to be Alec Gores, an Israeli-American entrepreneur whose worth is estimated to be about $2.8 billion.

As per Bilzerian, the match would be a Pay-Per-View event, with each player putting $50 million on the table.

Old Rivals to Get Back to the Poker Table

Dan Bilzerian revealed his $100 million poker match plan while speaking to YouTuber Logan Paul in his ImPaulsive podcast. As per Bilzerian, the match wasn’t his plan, but Gores’.

The two used to play one another in poker matches organized by Molly Bloom, whose stories were later told in the movie Molly’s Game.

Bilzerian and Gores usually played Heads-up poker during those days, and the story goes that Bilzerian was more successful. In fact, the Instagram superstar claims he won about $40 million from the matches against Gores.

Now, it seems that Gores wants a payback. And he wants to play for “real money.”

How Good Poker Players Bilzerian and Gores Actually Are?

Neither player is thought of as an expert in the poker community, although both have been really passionate about the game. This goes especially for Bilzerian, who’s one of the ambassadors for GGPoker, a leading online poker platform.

The thing about Bilzerian’s poker prowess is that we don’t actually know much about it. He’s played most of his high-stake games privately. In fact, there’s no public evidence of him winning tens of millions against Gores apart from the stories found in his autobiography, The Setup.

It’s a similar case when Gores is concerned. Although it’s clear that he was involved in “Molly’s Game,” it’s not clear how much he won/lost. There are, however, some reports about Gores beating Andy Beal in a high-stakes poker match a few years ago.

If you’re not familiar with the name, Beal is a Texas-based banker who’s famous in the poker community for his books dissecting the game.

Beal’s 2005 book The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time, remains one of the best-sellers of the genre.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Macau Casino Shares Plummet Following Crackdown Talks

The shares casinos doing business in the world’s biggest gambling hub have lost as much as $18 billion in a few days’ time.  The reason? Speculations regarding China’s possible crackdown on the casino industry in Macau.

The story goes that Macau’s casino licenses are going to expire in 2022, with the gaming officials reportedly planning to strengthen the licensing conditions.

Macau Planning to Make Big Changes in Casino Licensing

The chaos on the stock market broke out after Macau’s secretary of economy Lei Wai Nong held a press conference detailing the plans regarding the casino industry in the autonomous territory.

He gave notice of a consultation period of 45 days, during which nine different subjects are going to be discussed, including things like the total number of re-issued casino licenses, employee welfare, and supervision of casino operations.

This isn’t going to be the first time the Macau authorities have increased their pressure on the gaming industry. In the past, we saw them dealing with the problem of illegal lending and unregulated money transfers.

This time, however, it seems that Macau regulators are clamping down harder on the entire casino business in the territory, including those businesses that are owned by foreign companies.

Shares of Vegas-Based Companies Shed 13% in Value

Macau is the world’s biggest casino hub in terms of revenue. Even in 2020, when Macau casinos stayed closed for several months, the territory still managed to generate decent gains.

Its 41 casinos generate revenue that’s several times higher than the one created by Las Vegas casinos, for example. Speaking of Vegas, many of Macau’s casinos are owned by companies based in Sin City.

Actually, out of the six licensed casino operators in Macau, three are owned by Vegas casino companies – Sands China, Wynn Macau, and MGM China Holdings.

The bad news for those companies is that their shares have plummeted following the Macau crackdown talks. In fact, it’s reported that their shares have lost about 13% of the value, losing roughly $18 billion along the way.

The good news, however, is that fluctuations in the stock market are relatively common, albeit not so drastically. Still, it’s expected that the stocks will recover their value, especially if casino operators find some common ground with Macau regulators.

Such a scenario, actually, seems very possible, considering that the casino industry has been Macau’s golden goose for years. In fact, being the only territory in China where gambling is legal, Macau relies heavily on this industry.

That said, losing multinational casino companies due to new regulations wouldn’t do anyone good. For that reason, a fair compromise between the two parties is expected.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Single-Game Wagering Launches in Four Canadian Provinces

A new era in the Canadian gaming business has officially started on Friday when bill C-218 came into force. The bill gives the authority to individual provinces to decide for themselves which road their sports betting industry should take.

It’s similar to what happened in the US in 2018 when Supreme Court lifted the federal ban on sports betting. Since then, individual states have had the power to decide whether to ban sports betting completely, make it completely legal and regulated, or do something in-between (for example, make only certain forms of betting legal).

Pretty much the same is now the case in Canada, where four provinces have already decided to make some changes. British Columbia, Manitoba, Ontario, and Quebec have lifted the ban on single-game wagering this Friday.

Single-Game Betting Is Now Available in Canada

Up until Thursday, Canadian bettors had no (legal) way to place single-bets; instead, they could only bet parlays in provincial lotteries. However, starting Friday, August 27, single-game wagering is available in Canada, in four of its ten provinces.

Canadians living in those provinces can now go to their local lottery shops and put their money on single bets. People from two of those provinces, however, are now able to do it remotely. The thing is that British Colombia and Ontario have launched their online betting products.

In British Columbia, a sportsbook product was added to the lottery-run gaming website PlayNow.com, which has been online for more than 15 years.

Over in Ontario, the provincial lottery has launched an online sportsbook called ProLine+, where Canadians of legal age will be able to place bets – both parlays and singles.

What’s Next for Canada’s Most Populous Province?

With nearly 15 million residents and a shared border with several US states including New York, Ontario semes like a very lucrative market for literally any business.

The same is the case with online betting, which Ontarians haven’t been able to do in Canadian sportsbooks. Instead, Canadian bettors have been sending their money away in the direction of offshore betting sites.

However, that’s going to change soon, judging by what’s been going on recently. Ontario’s legislators are working on making online sports betting legal. It’s still unclear what kind of model will the legislation take, but the most likely scenario is that local gaming businesses will be given an advantage.

Instead of letting the provincial lottery have a monopoly over the sports betting business, Ontario might decide to go with an open market. If this scenario plays out, 24 gaming venues currently operating in the province will be given the opportunity to apply for the license.

For that to happen, they will probably have to team up with established providers of sports betting services, as is the case in many US states already.

Another province that’s expected to follow this model is Alberta. Furthermore, in Saskatchewan, the Indian Gaming Authority is in charge of everything betting-related.

It’s rumored that they’re looking to go with a model in which tribal casinos would team up with established commercial sportsbooks (like bet365 and similar), creating new Canada-focused brands.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Single-Event Sports Betting in Canada Kicks-Off on Friday, August 27

Sports betting is legal in Canada, but placing single bets isn’t. At least, it isn’t at this moment, but that’s ends in two weeks. Friday, August 27 is the date when Canada will officially lift its single-event wagering ban.

It’s all due to Bill C-218, which Canada’s Senate passed two months ago. The bill amends the country’s Criminal Code, making some big changes in Canada’s gaming landscape. In addition to making single-event wagering legal, the bill will also pave the way to the legalization of online sports betting.

At the moment, the sportsbook business is in control of the state-owned Interprovincial Lottery Corporation, with kiosks all over the country. In addition, there are many land-based casinos, racinos, and bring-and-mortar sportsbooks where it’s legal to bet on parlays. In all those venues, single-game wagering will become legal starting August 27.

Bill C-218 in a Nutshell

Also known as the Safe and Regulated Sports Betting Act, Bill C-218 will open the door to single-event betting in land-based sportsbooks across Canada, which could generate billions of dollars for the industry.

The legalization of single-event sports betting is just one of the several changes the bill will create in Canada’s gambling landscape. Another, perhaps even more important change, is that the bill will enable individual Canadian provinces to decide the legal status of online betting for themselves.

At the moment, this activity falls into a gray area, meaning that it’s neither legal nor illegal for Canadians to bet on the internet. Online betting is not a crime in this country and many online casinos and sportsbooks keep their virtual doors open to the players based in this country.

However, as it’s an unregulated industry, online betting isn’t controlled by any governmental body. In layman’s terms, this means that Canada can’t help you if you get scammed by a shady online betting site.

The good news is that there are several provinces currently working on making this gaming activity regulated. If, or better say when, they do it, only those operators with a local license will be able to operate.

What the Future Holds for Online Betting in Canada?

With Canada’s lawmakers passing Bill C-218, it’s now up to each of the 10 Canadian provinces to decide for themselves whether online sports betting should be legal or illegal. Reports suggest that there are two provinces that will almost certainly give the green light to internet sportsbooks. Those are Ontario and British Columbia.

Being the most populous province in Canada, Ontario has every right to hope for a big revenue once online betting is regulated. It’s estimated that Ontario is hemorrhaging hundreds of millions of dollars to offshore sportsbooks every year, the reason being that that’s the only way bettors from this province can enjoy their hobby – there are no provincial lotteries in Ontario.

Provincial lotteries exist in British Columbia, which is another state that’s reportedly every open to the prospect of legalized online betting. The reason behind BC’s positive attitude probably lies in the fact that the province is generating a lot of tax money through this industry.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

20 Million Americans Expected to Bet on the Olympics

The 2020 Summer Olympics starts today in Tokyo, where more than 14,000 athletes from more than 200 nations will compete in 35 different sports. Being the biggest sports event of the year, the Olympics are expected to attract hundreds of millions of viewers all around the world.

The Games are expected to be particularly popular in the US, where all the major sports competitions are currently on pause before the new season commences. Apart from sports fans, this year’s Olympics are probably going to be followed by a record number of US bettors.

As per the American Gaming Association (AGA), more than 20 million Americans are going to place at least one bet on the 2020 Olympics.

American Bettors Love the Olympics

The AGE wanted to know about the love American gamblers have for the Olympic Games. The association contracted a polling agency a few weeks ago called Morning Consult, which ran a survey on 2,200 adults from the United States.

The poll showed that about 8% of the respondents are planning to place a sports bet on an event in the Tokyo Olympics. Knowing that there are about 252 million people living in the United States in 2021, the calculation is that 20.1 million Americans are likely to make some Olympics bets this summer.

Among those who took part in the Morning Consult poll, 47% stated that they’re planning to make wagers among friends. Forty-three percent of the respondents said they’re going to make their bets at online sportsbooks, while 16% want to do it in person at one of the land-based sportsbooks.

Knowing that sports betting (online and retail) is legal and regulated only in a handful of states in the US, many bettors are planning to make their wagers offshore. The research has suggested that about 13% of American bettors are going to bet on the Olympics either via offshore betting sites or through an illegal bookmaker.

Olympics Bets Popular in the US

The Morning Consult survey showed that the Olympic sport of choice of American bettors is basketball. About 45% of the bettors will make at least one bet on basketball. No surprise there, as Team US is a heavy favorite to win the gold medal.

With Kevin Durant, Damian Lillard, Jayson Tatum, and other superstars, the dream team led by Greg Popovich is a heavy favorite at -769.

The next sport on the list is soccer, with 34% of the bettors planning to bet on this sport. The USWNT is expected to do very well in the tournament, while the men’s team is not taking part in this year’s Games.

Among those respondents who said they’re planning to get involved with Olympics betting, 28% will focus on gymnastics, while another 27% will go with track and field and swimming.

Baseball is also expected to be on the radar of the US sports bettors considering that the Tokyo Olympics will be the first Games to feature this sport since 2008. Another reason is that Team US is favored to win gold.

In fact, the US is the nation expected to win the most gold medals in Tokyo, with the odds of -1200.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Survey Shows New Jersey Voters are Against College Football Betting

New Jersey is the state that brought sports betting back to America. The state representatives were the ones to take the betting ban to Supreme Court, which eventually ruled it was unconstitutional. As a result, now every US state has the right to decide for itself whether and what kind of betting activities should be legal.

At the moment, sports betting is legal in the Garden State, both in land-based casinos and in online sportsbooks. However, New Jersey bettors aren’t allowed to bet on anything they want. For example, betting on NCAA games is still prohibited.

However, the NJ lawmakers are thinking about changing that. In fact, they’ve already proposed an amendment to the state constitution that would make college sports betting legal. However, it seems that the public is against it. According to the results of a survey published earlier this week, there’s little support for such a move among New Jersey voters.

Poll Finds New Jerseyans are Against College Betting

Fairleigh Dickinson University published the results of its poll on Tuesday, showing that only just one-third of the respondents were in favor of college sports betting. Furthermore, almost 50% of respondents said they were against the new betting bill.

The survey was conducted over the course of seven days in July, with 803 respondents taking part. All of the persons surveyed are registered voters, with the residence in New Jersey.

The reason cited as the main factor for being against the legalization of NCAA sports betting is that it could ruin the integrity of the game, potentially even leading to match-fixing.

However, the proponents of the legalization are adamant that the exact opposite is the case. Their claim is that the fact that college betting is outlawed doesn’t mean it doesn’t happen at all.

The argument is that by making betting legal, the state would have full control of what’s going on. Working together with bookmakers, the state officials would be able to figure out if something fishy is going on.

New Jersey voters will go to the polls on November 2 to make the final decision on the issue. If the bill gets approved, bettors will be able to place bets on college events in sportsbooks based in this state. So far, that hasn’t been possible, although bettors have been able to find different ways to do so. Offshore online betting, for example, has been one of those ways.

College Sports Betting Only Possible Offshore

Sports betting is going through a revival in the United States. The number of betting-friendly states keeps growing. Further, a number of sportsbook brands have made their entrance in the mainstream. For example, Caesars is now the official sponsor of the NFL.

However, the world of college sports still keeps itself distant from betting. Still, despite the fact that there are no sportsbooks in New Jersey where it’s possible to bet on in-state college games, it doesn’t’ stop bettors from betting. Their solution is to place their wagers in online casinos based offshore.

This way, huge amounts of money are pouring away from the United States, which is the primary motive behind the efforts to legalize betting.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

$4.3 Billion-Worth Resorts World Opens on Las Vegas Strip

After 5 years and $4.3 billion spent on its construction, Resorts World Las Vegas is finally here! The most expensive resort in Nevada’s history had its grand opening on Thursday, June 24.

With 3,500 hotel rooms, 1,400 slots, and almost 120 table games, the 66-story resort is on the good road to becoming the #1 entertainment hub in Las Vegas. Apart from being huge, the resort is also situated in a premier location – on the Las Vegas Strip.

The complex has a number of high-end restaurants, bars, shops, and boutiques. For instance, there’s the Kardashian Kloset, a boutique that sells clothes previously worn by the members of reality TV’s royal family. There’s also a sexual wellness shop called Pepper, which employs licensed sexologists.

On top of everything, Resorts World Las Vegas is planning to provide top-level fun to its visitors, something that’s ensured through signing such superstars as Katy Perry, Celine Dion, and Carrie Underwood as its headliner musical acts.

A few days ago, visitors had the opportunity to get a glimpse of what expects them in the future. The 66-story complex opened its doors with a spectacular grand opening.

Resorts World Grand Opening Was Really Grand

Resorts World Las Vegas let the crowd in at 11 pm on Thursday for the first time in its history. Judging by what we saw that evening, this seems to be the beginning of something beautiful.

Among thousands of attendees, the Resorts World grand opening saw many celebrities, as well as some influential figures from the world of politics. Nevada Gov. Steve Sisolak was one of the dignitaries who held a speech at the grand opening.

“We’re getting better. We’re not finished yet, but we’re getting better, and we’ve got this magnificent property to propel us forward,” Sisolak said in a speech Thursday.

The opening of a new luxury resort has certainly been received as good news among Nevadans. It comes at the right moment for the state that suffered heavily in 2020 due to the COVID-19 pandemic. Nevada, and especially Las Vegas, belong to states/cities that rely on tourism as their prime source of revenue.

The First New Resort to Open on the Strip in 11 Years

The Las Vegas Strip had to wait 11 years for a new property to pop up. And it popped up in style! The most expensive resort in the city’s history has finally opened its doors. Located at the northwest end of the boulevard, the property is surrounded by several iconic Las Vegas buildings.

Circus Circus is just north of the new resort, Encore and Wynn are located a few hundred yards to the south. Trump International Hotel Las Vegas is also nearby, so is The Venetian. The Mirage, Flamingo, and Caesars Palace are also in its vicinity.

Advertised as a luxury resort, Resorts World Las Vegas hundreds of high-end rooms on offer, but also some relatively affordable ones. At the moment, it’s possible to book a standard room at $145 per night for mid-week stays.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.