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Bill Gates call cryptocurrencies ‘super risky’

Bill Gates, Microsoft co-founder has cited threats related to the cryptocurrencies, saying crypto currency is killing people During a reddit session of "Ask me Anything" on Tuesday, Gates explained that he thinks cryptocurrency is being used to hide the financial transactions from the government He also cited his concern over the growing rate of..
8 years ago

Drive Arkansas Forward propose legalizing casino construction in Arkansas

The citizens' group Drive Arkansas Forward have proposed a constitutional amendment that would allow development of casinos in Arkansas The backers had submitted a proposal which was earlier rejected by Attorney General Leslie Rutledge on the grounds of language last month The revised amendment, called The Arkansas Casino Gaming Amendment of..
8 years ago

Unibet announces its first-ever poker festival

Unibet are getting into the ring with their online poker festival after announcing the inaugural 'Unibet Open Series' (UOS) with €300,000 in guaranteed prize pools scheduled to be held from 26 February to 11 March Unibet decided to cut off their ties with MPN (Microgaming) network to establish itself as a stand-alone site in 2014 It is their..
8 years ago

West Virginia Senate gives thumbs up to Sports Betting

The West Virginia Senate passed the sports gambling bill on Tuesday aiming to generate revenues for helping the Public Employees Insurance Agency funds It would be possible only if the US Supreme gives its verdict in favour of sports wagering 29 senators favoured the sports gambling bill while 5 opposed it, but the Senate Bill 415 passed with a..
8 years ago

Atlantic City casino revenues record 10 percent decline in January

The cold weather and the blizzard have hit the gambling revenues of Atlantic City hard The revenues of seven casinos fell by 10 percent according to the figures released by the State Division of Gaming Enforcement It showed that seven casinos of Atlantic City won $1843 million in January, which is 99 percent low as compared to January 2017 The..
8 years ago

Can Africa be the next Big Crypto market?

Africa does not rank among the best markets of crypto currencies but the trends are speaking something else More than 15 trading exchanges have opened up in Africa in last one year The peer-to-peer marketplaces also recorded a spike in trading volumes after Bitcoin's value skyrocketed For instance, trading volumes in Kenya on localbitcoinscom..
8 years ago

State of Texas still uncertain about the future of poker

The administrative officials of Texas are still not sure about their stance of poker The game of poker is told to have gained popularity from the state of Texas but the state is not friendly towards the players of poker, including Texas Hold'em Texas prohibited gambling years ago and it is illegal here since then Underground games are quite..
8 years ago

British Firm eager to earn profit from US gambling industry

The United States is anticipating a verdict over the legalization of sports wagering, and the world is betting on it The prospect of its legalization has made a British online gambling company step forward for seeking some profits from the market Smarkets Ltd, a company which runs a betting exchange, aims to invest about $5 million for creating a..
8 years ago

Japan Government to limit casino visits of its people

The Japanese government is planning to limit casino visits to 10 per month which would be tracked using My Number Identity cards On Thursday, the government proposed a plan that would limit the number of times natives can enter casinos The plan is aimed to prevent people from becoming gambling addicts, but the proposal has already faced the brunt..
8 years ago

Ripple CEO, Brad Garlinghouse Thinks Crypto Might Crash to £0

Ripple CEO, Brad Garlinghouse, who is the man behind popular cryptocurrency XRP, has predicted the downfall of the cryptocurrencies The Ripple boss said that the value of cryptocurrencies might plunge to £0 and the future of digital currencies is very uncertain Speaking at the Goldman Sachs' Technology and Internet Conference on Tuesday, he..
8 years ago

WTP and Latitude raise $1.7 Million at Charity Poker event

The World Poker Tour and Minneapolis-based Latitude came together to host the first-ever NVRFOLD (pronounced never fold) charity event in Minneapolis, Minnesota The event turned out to be a huge success and raised $17 million for global non-profit organizations (NGOs) including MATTER, Healing Haiti, Starkey Hearing Foundation and Opportunity..
8 years ago

MGM opens $3.4 billion casino resort in Macau

MGM has opened $34 billion casino resort in Macau on Tuesday Named MGM Cotai, it will triple the number of MGM's hotel rooms in the gaming hub to 1,972 marking a major expansion in non-gaming attractions It is MGM's grandest investment in Macau boasting a 2,000 seat theatre and the artwork includes 28 carpets from Qing dynasty and a four-storey..
8 years ago

Senate Finance Committee discusses sports betting bill

The Senate Finance Committee discussed about the bill that would legalize sports betting in West Virginia The discussion went on for 90 minutes but they went for recess without taking any action Committee Chairman Sen Craig Blair, R-Berkeley, called a recess before making five anticipated amendments to the Senate Bill 339 Senate Bill 339 has..
8 years ago

Patrick Antonius bags partypoker Millions Germany €25,000 High Roller event

Antonius Patrick has won €25,000 Super High Roller event of partypoker Millions Germany on Sunday Held in King's Casino in Rozvadov, Czech Republic, the game recorded 51 entries with 14 of them being re-entries  Antonius recorded a remarkable win in his first live tournament of the year, and this success brought him the sixth most..
8 years ago

SFC warns Hong Kong crypto currency exchange platforms

Hong Kong's Securities and Futures Commission (SFC) has tightened grip on the crypto currency exchanges and is planning to regulate the trade of Initial Coin Offerings (ICOs) It has warned crypto currency platforms after several investors have complained of illegal practices involved which included market manipulation and misappropriation of..
8 years ago

Kenny Hallaert wins Aussie Millions Event #23

Kenny Hallaert from Belgium has won his first Aussie Millions title against a fierce battle to bag A$59,535 ($47,463) in event #23: A$1,150 No Limit Holdem Turbo Shot Clock Hallaert seems to have mastered the shot clock events as he almost won his first Aussie Millions title a few days ago and finished in second place in Event #20: A2,500 No..
8 years ago

Casino Magnate Steve Wynn steps down as CEO of Wynn Resorts

Steve Wynn, the casino mogul, has stepped down as CEO of Wynn Resorts of Las Vegas The 76-year-old has resigned in the wake of sexual misconduct allegations and widening scrutiny of his financial empire The company said in a statement, "We are informing this with a heavy heart that the board of directors of Wynn Resorts have accepted the..
8 years ago

SEC and CFTC vie to put reins on illicit trade of Bitcoins

Regulators are pushing to place controls on the illegal trade of Bitcoins The concern of outlawed crypto currency public coin offering rocked the Senate of US on Tuesday Securities and Exchange Commission (SEC) chairman John Clayton criticized the those who are dodging SEC regulations at a Senate Bank committee hearing "Many ICOs are being..
8 years ago

NBA and MLB opposes the Iowa sports betting bill

National Football Association and Major League Baseball (MLB) have opposed the Iowa House bill which is aimed at legalizing sport betting in the event the Supreme Court declares the Professional Amateur Sports Protection Act (PASPA) unconstitutional The NBA and MLB aren't opposing the bid of the state to legalize sports betting However, the..
8 years ago

Chunhui Ji leads after Day 1 of PokerStars Macau Poker Cup 28

Macau known to be the hub of poker enthusiasts is currently filled with people who are thronging in numbers to enjoy one of the most prestigious poker festivals, Macau Poker Cup 28 (MCP) The event going on in China's gambling enclave of Macau, is sponsored by the reputable cardroom PokerStars, which has returned to entertain the poker maniacs for..
8 years ago