Saturday, June 23, 2018

Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Casino News Daily
Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em

Robert Nehorayan is known by many as Rec Rob, his nickname derived from him identifying himself as a recreational player. However, he outlasted last night a field that included seasoned poker pros like Daniel Negreanu, Chris Ferguson, and Ari Engel to win his first gold bracelet from the WSOP and his largest cash of $173,568.

The player topped the 596-strong field of Event #41: $1,500 Limit Hold’em. As mentioned above, some of poker’s top players entered the tournament to pursue another great accomplishment in the game. Of all fellow participants, Nehorayan had special praise for Terricita Gutierrez, a Limit Hold’em specialist whom the eventual champ considered his toughest opponent.

Terri, as Nehorayan called her, has been playing Limit Hold’em cash games every single day for years now to accumulate knowledge and experience that many other fellow players at the table lacked. She was ultimately eliminated in fourth place, good for $51,733.

The $1,500 event was played over three days through June 22. It saw 596 entries generate a prize pool of a little over $800,000. The top 90 places paid.

Day 3 Action Highlights

Day 3 of the tournament kicked off with 19 survivors in contention but seven of them quickly headed to the payout desk within the first 90 minutes of play. Action slowed up a bit afterward, as finalists became more aware of the event’s approaching end.

Chips swung back and forth throughout the day and the chip lead went from one player to another. Many of the remaining hopefuls had many ups and downs, but it can be said that Nehorayan managed to maintain a good stack and momentum throughout that final stage of the event. The brand new WSOP champion admitted that he had really good cards running his way, as well.

David Gee was the last player to be eliminated before the heads-up duel. That final duel took place between Nehorayan and one-time gold bracelet winner Kevin Song. Song won his piece 21 years ago for topping the field of a Limit Hold’em event. A second piece eluded him last night, unfortunately, although he fought really fiercely for it.

The match between the final two men standing began with Nehorayan holding a 3-1 advantage to Song. However, the latter quickly caught up and took the lead for a little while, putting great pressure on his opponent.

Nehorayan eventually regained his momentum and retook the chip lead to never look back. On Hand #286 of the final table, the player won a key pot that secured him with 3.9 million, while leaving Song with just 475,000.

The final hand of the tournament was dealt shortly after. On Hand #289, Nehorayan called from the button and Song raised. Nehorayan asked his opponent how much he had left and put him all in. Song tabled [8s][6s] to clash into Nehorayan’s [10s][7d]. The board landed [2c][Qh][9h][4h][Jh] to end Song’s participation in the tournament and seal the victory for Nehorayan.

The post Robert Nehorayan Takes Down 2018 WSOP $1,500 Limit Hold’em appeared first on Casino News Daily.

Share:

Man accused of stealing from Las Vegas casinos by posing as delivery driver

Casinos & Gaming – Las Vegas Review-Journal
Man accused of stealing from Las Vegas casinos by posing as delivery driver

A criminal complaint accuses Danny Roy Salazar of burglarizing the Rio, Westgate and Caesars Palace between Jan. 13 and June 8 and stealing an assortment of items, including mattresses, televisions, “prototype auto electronics,” beauty products, furniture, light fixtures, an iPad and a photo booth.

Share:

Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care

Casino News Daily
Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care

Bulgaria is one of the poorest countries in the European Union, but recent figures show that its gambling industry has been thriving, particularly over the past several years. And while that industry has been hopping from strength to strength, it is also understood that it has been contributing relatively small amounts of money in annual tax contributions and even smaller amounts of money for socially responsible causes.

According to multiple recent reports from local media outlets, citing official data, Bulgaria’s regulated gambling market was worth BGN3 billion (€1.5 billion) in terms of revenue generated in 2017. Scratchcards, known to be extremely popular among residents of the tiny Balkan nation, accounted for the greater portion of the revenue bulk last year.

In fact, saying that these products are extremely popular in Bulgaria is a mild representation of the nearly maniacal obsession with which hundreds of thousands of Bulgarians, mostly elderly people, are buying scratchcards, lured by the promise for a quick and easy win and a better life.

Several companies owned by Bulgarian businessman Vasil Bozhkov are known to be leaders of the local scratchcards sector. Mr. Bozhkov is one of Bulgaria’s richest people. His business interests spread across various industries and his alleged ties to the criminal underworld have long been part of media coverage focused on his curious persona.

The National Lottery and New Games are actually two of the leaders in the nation’s scratchcards sector and they are both owned by entities that are related to Mr. Bozhkov. Special attention needs to be paid to the choice of name of what has turned into the most popular seller of scratchcards in Bulgaria – the National Lottery.

In the most general case, National Lottery usually refers to a state-run entity that provides different lottery products and services and uses a portion of the money generated by the sales of those for good causes. In the case of Bulgaria’s National Lottery, we are speaking about a privately-run entity. And despite our team’s efforts, we could not find any information about how much of what it generates it has contributed to good causes.

Should a private company run an operation under the National Lottery brand? We believe that the answer to this question is quite clear and it is a bit too disturbing that this company has been allowed to conduct its activities for years, even though it has nothing to do with the state.

The National Lottery in Bulgaria vs. the National Lottery in UK/Ireland

Gambling services in the UK, including ones provided under the National Lottery brand, are regulated by the country’s Gambling Act 2005 and a companion piece from 2014. Bulgaria’s market was, too, regulated several years ago. And while Ireland’s gambling regulations are in a state of an extreme mess at the moment, there still is clarity over how the country’s National Lottery should function.

UK’s National Lottery was established in 1994 as a state-franchized entity operated by the Camelot Group. According to information from the lottery operator’s official website, it has contributed over £38 billion for good causes since it was founded more than two decades ago.

In Ireland, the National Lottery operates as a state-run entity that has been functioning since 1987. It has raised and donated more than €5 billion to good causes since established over three decades ago.

In Bulgaria, the National Lottery, as already mentioned, is a privately-run company, owned by a businessman who many would say has a rather questionable reputation, and it is quite unclear what contributions it has made to good causes, even though its official website states that it contributes funds to various education-related causes.

In other words, the National Lottery brand usually carries a connotation of an entity run by the state that offers lottery/gambling services but also considers it an important task to benefit communities by raising and distributing funds for good causes, unless you are in Bulgaria where the National Lottery does not really belong to the nation.

More Facts and Figures about Bulgaria’s Scratchcards/Gambling Industry

An economically struggling nation with a blossoming gambling industry is not something unheard of. However, when a considerable portion of an extremely poor nation resorts to buying scratchcards to the point of maniacal absurdity in hopes for a quick win, that means that there is something fundamentally wrong in the way that nation’s gambling industry functions, or rather in the way it is allowed to function by those who have control and responsibilities over those matters.

As mentioned above, Bulgaria’s gambling industry was worth around BGN3 billion last year. However, it is understood that licensed gambling operators, including those providing various lottery products, contributed just BGN177 million in tax revenue to the nation’s coffers. In comparison, Bulgaria’s tobacco industry was worth around BGN3.5 billion in 2017 and contributed BGN3 billion in excise duties and VAT.

As for Mr. Bozhkov’s lottery businesses – New Games and National Lottery – these were reported to have generated turnover of €88.5 million and €15.3 million, respectively, in 2017. The businessman’s overall gambling businesses reported turnover of nearly €300 million and profits of €76 million. Local media outlets also report that National Lottery was actually Bulgaria’s largest advertiser in 2017 with ad spending of over €23 million.

Ads promoting the operator’s scratchcard products can be spotted practically everywhere in the country and across different media outlets. In addition, scratchcards can be purchased across post offices, supermarkets, special points-of-sale, and a number of other facilities.

Meanwhile, according to the most recent information released, Bulgaria’s gambling industry contributed just around BGN2.2 million in 2016 and just around BGN2.4 million during the first three quarters of 2017 to responsible gambling causes. Licensed gambling companies are required to make such contributions under a provision in the nation’s gambling law.

Proposed Restrictions

Bulgaria clearly has a gambling problem as well as a problem with the protection of its gamblers. The country’s Deputy Prime Minister Valeri Simeonov and his party, the National Front for the Salvation of Bulgaria, has recently introduced a bill calling for certain restrictions within the country’s gambling industry. Most of the provisions in the legislative piece are concerned namely with the operations of the National Lottery and its likes.

If the bill succeeds in Bulgaria’s National Assembly, it would roll out curbs to the promotion and sale of scratchcards and related lottery products. For instance, lottery operators would not be able to show winners on television, a popular marketing approach to which the success of these products could be greatly attributed. In addition, scratchcards would only be sold at special points of sale. As mentioned above, products of this type are currently available practically everywhere.

While Minister Simeonov’s recently proposed curbs seem as if they might be a step in the right direction, Bulgaria still needs to do much more. The country does not have a dedicated organization that works with problem gamblers. And as it can be seen, nobody really finds it odd that a private company has named itself the National Lottery, while it does not really work for the nation, unlike state-run National Lotteries around the world.

The post Bulgarian Oddity: Private Company Operates as the National Lottery, But No One Seems to Care appeared first on Casino News Daily.

Share:

Friday, June 22, 2018

BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

Casino News Today
BlockChain Innovations Corp. Announces its Letter of Intent to Go Public

BlockChain Innovations Corp. (“BCI” or the “Company”), an international blockchain technology supplier serving the regulated gaming industry is pleased to announce that it has signed a letter of intent with Capricorn Business Acquisition Inc. (NEX Board CAK.H), for its qualifying transaction to go-public in the Third Quarter of 2018. With the 6-3 United States Supreme Court decision two-weeks ago striking ...

The post BlockChain Innovations Corp. Announces its Letter of Intent to Go Public appeared first on Casino News Today.

Share:

2018 WSOP: Event #40: $2,500 Mixed Big Bet won by Scott Bohlman for $122,138

BankrollMob News - Poker / Casino / Betting
2018 WSOP: Event #40: $2,500 Mixed Big Bet won by Scott Bohlman for $122,138
Event 40 $2,500 Mixed Big Bet of the 2018 WSOP has been bagged by Scott Bohlman, who now has cashed for the 51st time at the series, also savors his very first gold bracelet and a nice sum of $122,138 after outlasting a field of 205 players. The unique format of Mixed Big Bet is a combination of 7 big bet games: no-limit hold'em, no-limit 2-7 single draw lowball, pot-limit Omaha, pot-limit Omaha 8-or-better, big O, no-limit 5-card draw high, and pot-limit triple draw 2-7 lowball. Bohlman said [...]
Share:

Get Jurassic with Dinosaur Bonuses at Slots Capital

Latest Casino Bonuses
Get Jurassic with Dinosaur Bonuses at Slots Capital
Get Jurassic with Dinosaur Bonuses at Slots Capital

Witty casino blogger at Slots Capital, better known as Slots Lotty, has published an article about the venue’s most recent promotional spree - Dinosaur Species and Jurassic Casino Bonuses. If you are a movie fan and good at simple math, it might be quite interesting to take a look at what she has to offer – after all, being caught up in the excitement surrounding movie blockbusters such as Jurassic World: Fallen Kingdom can only launch tantamount casino offers or maybe even THREE of them!

By claiming to have seen a dinosaur grazing in the swamp, naively calling it Thinkhesaurus, Lotty, funny as always, actively strives to her humorous side and confirms to have gazed another one sleeping all day. She named him a Dinosnore, but the real dilemma arose when she tried to name the third prehistoric creature and simply decided to borrow a well-known word, Thesaurus. Clever, isn’t it? If that didn’t crack you up, here’s a new joke she came up with: “Why ­did the dinosaur cross the road? - because chickens weren’t invented yet!”

Okay, I think we had enough of Lotty’s humor in one article and it’s time to announce three casino bonuses that are available until the end of the current month. Play from June 22nd to June 30th at Slots Capital and get a 150% bonus with coupon code, JURASSIC150 or increase the odds by collecting a 250% bonus, whose coupon code comes with a slightly different digit, JURASSIC250. Of course, if that doesn’t rock your boat, maybe a 300% bonus will. For each of the bonuses, there is a maximum deposit of $500 with no maximum cashout, but you ought to pay attention to wagering requirements nevertheless.

Down at the venue, a wide selection of quality slots and table games from Rival is all it takes for you to fly, so if you own a desktop or a laptop, push the download button and enjoy the weekend. ROAR!!!!

Share:

Thursday, June 21, 2018

Nevada gaming commissioners OK license for BC Technologies

Casinos & Gaming – Las Vegas Review-Journal
Nevada gaming commissioners OK license for BC Technologies

The father of an Armenian entrepreneur who financed his son’s sports wagering system manufacturing company will receive further scrutiny as a condition of the Nevada Gaming Commission’s unanimous approval of a license for Las Vegas-based BC Technologies and its top executive, CEO Vahagn Badalyan.

Share: