Thursday, November 15, 2018

Casino – CalvinAyre.com
Macau policies for 2019 don’t address license renewals for six casinos

Six casinos are due to renew their licenses in Macau in 2020. However, there is still no policy in place to address the issue, and it doesn’t look like there will be one next year, either.

Macau policies for 2019 don't address license renewals for six casinosThe city’s chief executive, Fernando Chui Sai On, gave a speech yesterday, presenting the government’s policy for 2019. Absent the details was any discussion on the licensing process, other than to say that the government is still working on it.

Chui explained, “Taking into consideration that the existing gaming concession contracts expire in either 2020 or 2022, we will strengthen the studies on this matter, and garner the community’s opinion about this issue.”

In a subsequent press conference, the city leader was asked specifically about the renewal process for the casinos twice, but neglected to offer any substantial information. He only offered, “Before the licences expire by 2022, we will be launching the tender process. Regarding those licences that expire two years earlier [2020], we’re studying how to deal with it. There is still some time to go before 2020 and 2022. We will inform the public about this matter in an open and transparent manner.”

The last policy address was presented in November of last year. At the time, Chui said that the middle of this year would be the “appropriate time” to discuss the licensing process further. Perhaps he’s looking at a different calendar than the rest of us.

Two studies have been commissioned by Macau’s government to look into developing the city’s gaming market between 2020 and 2023, according to the Macau Economic Bureau. The results were expected during the third quarter of this year, but there has yet to be any information published on those studies.

Per existing legal policies, license won’t actually be renewed. Instead, a new public tender process would be opened. There has been a lot of discussion of authorizing a renewal in order to bring all casino concessions issued by authorities in line so they would expire at the same time.

While Chui didn’t discuss license renewals, he did address junkets. He said that the government would continue its promotion next year of allowing more non-gaming entities into the industry, adding that local authorities would be pushing casino operators to work more with small- and medium-sized companies for their products and services.

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Casino News Daily
Steffen Sontheimer Leads Six Contenders into partypoker CPP $250,000 Super High Roller Championships Finale

A year after becoming the inaugural Purple Jacket winner, Sontheimer is vying for the $250,000 Super High Roller Championships title

The partypoker Caribbean Poker Party $250,000 Super High Roller Championships is just a single day away from crowning a victor. After two days of action, the tournament first drew a field of 34 entries and then reduced that field to just the final six players.

The six final tablists are set to return at the Baha Mar host casino in Nassau, the Bahamas, at 1 pm local time to play down to a champion.

The Super High Roller event generated a prize pool of $7,517,500, but only the final four competitors will be treated to a share of the money. The minimum cash is worth $700,000, but everyone from the final pack of six is eyeing the first-place prize of $3,685,000 and all the accolades that accompany the winner of an event of this scale.

The final six will be lead by Germany’s Steffen Sontheimer. The player surged into the chip lead yesterday after winning a major pot against Nick Petrangelo. And while that confrontation helped Sontheimer into a whooping 11.035-million chip stack, Petrangelo will enter the final day of action with 1.1 million, good for just under 20 big blinds.

Aside from Petrangelo, Sontheimer will face four other tough opponents for the major title, with those four being David Peters (9.31 million), Sean Winter (6.465 million), Mikita Badziakouski (3.76 million), and Isaac Haxton (2.29 million).

Who Is Sontheimer?

The German player surged into poker prominence last fall when he claimed the Poker Masters title and the accompanying Purple Jacket in Aria Casino’s inaugural Poker Masters high roller series. The player was able to capture the above-mentioned title after he took down two tournaments on the series’ schedule.

Sontheimer first emerged victorious in the $50,000 buy-in Event #2 for $900,000 in prize money. He then outlasted the field of the $100,000 buy-in Event #5 for $1.512 million. He also cashed in the $50,000 buy-in Events #1 and #4 to add $204,000 and $117,000, respectively. He thus became the winningest Poker Masters player, which won him the title and the Purple Jacket.

While Sontheimer has not won any major tournaments in the year after his Poker Masters success, the player has still scored several three-figure cashes and has performed quite well on the live tournament circuit. Most recently, he finished 15th in the WSOP Europe €100,000 Super High Roller for a cash prize of €146,907.

The German poker pro currently has nearly $9 million in live tournament earnings. A victory in the $250,000 Super High Roller will secure the player with his largest career cash.

As mentioned earlier, six-handed action at Baha Mar casino is set to kick off at 1 pm local time. The finalists will play down to a winner, bursting the money bubble in the process.

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Casino News Daily
Steve Wynn Seeks to Stop Release of MassGaming’s Sexual Misconduct Report

The disgraced casino boss files second motion seeking to stop the release of privileged information related to sexual misconduct allegations against him

Steve Wynn filed on Tuesday a motion in a Nevada state court seeking to stop the release of an investigatory report by the Massachusetts Gaming Commission regarding the sexual misconduct allegations raised against the embattled casino boss, the Wall Street Journal reports.

Tuesday’s motion sought a temporary order to prevent the publication of the probe’s findings and was filed just under a week after Mr. Wynn and his legal team filed a request for an injunction and damages. The businessman’s complaint from last week read that Wynn Resorts communicated privileged information to the Massachusetts Gaming Commission as the regulator was investigating the sexual misconduct allegations and was seeking to discover whether the Las Vegas casino company had been aware of those and how it had addressed the issue.

Mr. Wynn’s complaint further said that the documents handed by Wynn Resorts to MassGaming reflected “communications protected by Mr. Wynn’s attorney-client privilege and/or the common interest agreements he entered with Wynn Resorts.”

The casino mogul’s legal team, including Donald Campbell, informed representatives of the Massachusetts gaming regulator that Mr. Campbell had worked privately with Mr. Wynn and had penned a joint-representation agreement with Wynn Resorts back when Mr. Wynn himself had been at its helm. Mr. Campbell filed their correspondence with MassGaming in Nevada court on Tuesday alongside last week’s complaint against the regulatory body and Wynn Resorts.

Representatives for the Massachusetts Gaming Commission said that Mr. Campbell had not been able to provide enough evidence about the existence of the joint-defense agreement.

Report Expected to Be Released Next Month

MassGaming launched probe into Mr. Wynn and his company’s suitability to operate a casino resort in Massachusetts following the January publication of a Wall Street Journal report that detailed a decades-long pattern of sexual harassment and sexual misconduct by Mr. Wynn. The businessman has called all allegations leveled against him “preposterous.”

Wynn Resorts was selected as the preferred bidder for the construction of an integrated resort with a casino floor in the Greater Boston area. The $2.4-billion Encore Boston Harbor is currently under development in the city of Everett, near Boston, and is slated to open doors next summer.

As mentioned earlier, MassGaming wanted to discover whether Wynn Resorts was aware of the multiple alleged incidents of sexual misconduct involving Mr. Wynn forcing company employees to perform sex acts or subjecting them to unwanted sexual advances.

The commission is expected to release a full report with its findings during a hearing in December. However, Mr. Wynn legal action might delay the planned release of said report.

It can be said that while the casino boss’ move to block the publication of the report might seem unusual, it should be noted that in Nevada, where Wynn Resorts is headquartered and its flagship properties are located, gambling regulators do not release the findings of investigatory reports. The local regulator usually settles issues with casino companies by imposing fines, when these are needed, and without the matter going public.

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Wednesday, November 14, 2018

World Casino News
Okada Manila records laudable October earnings

Japanese pachinko, slot and arcade games manufacturer, Universal Entertainment Corporation, has reportedly announced that October saw its Okada Manila integrated casino resort amass earnings before interest, tax, depreciation and amortization of $6.98 million. Record result: According to a report from GGRAsia citing a Tuesday filing (pdf) from the giant Tokyo-listed conglomerate, the monthly figure represented […]
World Casino News
Betway Limited awarded with ISO 27001 certification

Online casino and sportsbook operator, Betway Limited, has announced that it has been granted ISO 27001 certification by the United Kingdom’s eCommerce Online Gaming Regulation and Assurance (eCOGRA) testing agency. Evidence of data security: The iGaming firm holds licenses from regulators in Malta, Denmark, Ireland, Belgium, Germany, Italy, Spain and the United Kingdom and used an […]