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Bitcoin makes firm debut on Wall Street

Bitcoin entered the world of mainstream finance on Sunday, December 10, 2017, with the Chicago Board Options Exchange (CBOE) Global Markets’ launch of Bitcoin future contracts In the debut session on CBOE’s exchange, the crypto currency surged as much as 25 percent  The event has opened the door to the crypto currency market for..
8 years ago

MGM calls for competitive bidding for Bridgeport casino

MGM Resorts has renewed its call for the state to organize a competing bidding process for the upcoming Bridgeport casino The southeastern Connecticut’s gaming tribes have expressed interest to join the process The senior vice president and legal counsel of the MGM Resorts wrote to Gov Dannel P Malloy and state legislative leaders that the..
8 years ago

Bitcoins worth millions stolen from mining site

A Bitcoin mining company in Slovenia, NiceHash, has reported a heist of tens of millions of dollars The incident has happened just days before the virtual currency starts trading on major US exchanges The Slovenian crypto currency mining marketplace said that they are looking into the security breach and have stopped operations for 24 hours while..
8 years ago

Maryland Poker reports revenue growth of 28 percent

The four casino poker rooms of Maryland have reported a combined $359 million in revenues for the month of November The data revealed by state officials show that the rooms raked $406 million until November this year In November 2016, Maryland’s poker market was $267 million and had collected $315 million in the first 11 months On..
8 years ago

Bitcoin shakes bubble caution; hits $17000

Bitcoin has carried on its unstoppable rally to pierce through $17000 amid speculations of the nearing bubble bust According to the latest available data on coinmarketcapcom, the BTC/USD pair is trading at $17,09680 Bitcoin has skyrocketed again to register gains of more than $5000 in the last two days and extend its market dominance to 65% In..
8 years ago

Intercontinental Exchange holds back on crypto-futures

After having put a lot of thought into the idea of futures contracts on crypto currencies such as Bitcoin, Intercontinental Exchange (ICE) has held back the move According to the chief executive of ICE Jeff Sprecher, the opaque nature of the underlying markets has made them stay put It was at a financial services conference in New York that..
8 years ago

Harrah’s Las Vegas sold for $1.14 Billion

Caesars Entertainment Corporation has reached an agreement with VICI Properties to sell Harrah’s Las Vegas for $114 billion In November this year, Caesars had announced that it would acquire Centaur Holdings, LLC for $17 billion in cash Centaur owns and operates Hoosier Park Racing and casinos in Anderson; casino in Shelbyville, Indiana..
8 years ago

Chengdu Pandas crowned GPL China Champions

The Chengdu Pandas have emerged the champions in the first edition of the Global Poker League (GPL) China Once on the brink of crashing out, the Chengdu Padas made an excellent comeback to advance through the playoffs and win the title to bag one million Yuan – approximately $151,000 – in cash Beijing Great Dragons, Guangzhou..
8 years ago

Female jockey charged with breach of betting rules

Jockey Hayley Turner will face an inquiry by the British Horseracing Authority (BHA) for a breach of betting rules The female jockey after staking 164 bets and making a profit of £160 over a span of 18 months is said to be "devastated and deeply embarrassed" Turner, 34, had retired in 2015 but kept her license The two-time winner at Group..
8 years ago

Crypto Market Nears $400 Billion

The value of Bitcoin has experienced a surged on the back of a strong trading session at night on Tuesday, having risen by 10 percent to top $14,000 for the first time The Bitcoin's continuous upward movement in the past 24 hours in which its price has increased by over 20 percent across global exchanges, contributes to a gain of $2000 Now, it is..
8 years ago

2017 WPT Five Diamond kicks off; Brandon Meyers leads

The World Poker Tour is here! The season XVI of WPT Five Diamond World Poker Classic $10,400 Main Event kicked off at Bellagio on Tuesday Day 1 of the World Poker Tour saw a record 600 entries tallied on, putting the last year’s Five Diamond record of 791 entries under threat This event does not have multiple starting flights, but the..
8 years ago

NJ would lose $10 billion a year to illegal betting: Drazin

All eyes are on New Jersey as the US Supreme Court will hear the oral arguments in the state’s long-running battle to legalize sports betting The CEO of NJ’s largest racetrack, Dennis Drazin of Darby Development, measures that the enthusiasts could be wagering up to $10 billion on sports betting illegally at the moment He advocates..
8 years ago

Western Fair casino to turn ‘family friendly’

The Canadian casino giant, Gateway Casinos & Entertainment, will submit a proposal to politicians regarding the plans to expand operations at the Western Fair Keith Andrews, senior vice-president of Gateway Casinos and Entertainment, will put forth a plan at a council committee meeting for a new gaming complex The planned complex would have a..
8 years ago

RBI raises another alarm over Crypto Currencies

The Reserve Bank of India (RBI) has issued a public warning on the use of crypto currencies for the second time this year India's central banking institution warned adopters (“users, holders and traders”) of virtual currencies (VCs) such as Bitcoin, regarding “potential economic, legal, financial, operational, customer protection..
8 years ago

Germany tipped to win 2018 FIFA World Cup

The current holders of the FIFA World Cup Germany have been tipped to win 2018 FIFA World Cup in Russia The group draw for the 2018 FIFA World Cup took place on 1 December 2017 at the State Kremlin Palace in Moscow, Russia After the World Cup group draw, the football enthusiasts know which sides will be battling it out in the group stage in..
8 years ago

Ex-chairman sentenced for stealing from casino

John Blackhawk, a former casino chairman and a council member of the WinneVegas casino, has been sentenced for stealing from the casino He has received five years of probation in addition to 150 hours of community service and $36,000 restitution The chief United States District Court Judge, Laurie Smith Camp, gave the sentence after the FBI..
8 years ago

Charles Johnson wins WSOP Cherokee Main Event

Charles Johnson, a 37-year-old management professional, has won the 2017 World Series of Poker Circuit Cherokee $1,675 no-limit hold’em main event He defeated a strong field of 957 entries to claim the first-place prize of $272,744 and his first WSOPC gold ring The tournament boasted a $1 million guarantee, but 957 total entries in the..
8 years ago

Bitcoin consolidates, break above $12000

Bitcoin has reached a fresh record high, breaking $12k on Tuesday and strengthening its gains No clear catalyst was identified to have led to today's upsurge, although the positive impact of CBOE offering bitcoin futures might have carried over At the time of filing the post, the crypto currency was trading at $12435 Ethereum, on the other hand,..
8 years ago

Venezuela President unveils oil-backed crypto currency ‘petro’

Venezuelan President Nicolas Maduro has turned to the world of crypto currencies, announcing the launch of virtual currency “petro” backed by oil reserves In his regular Sunday televised broadcast, the president declared to cheers that “The 21st century has arrived! Venezuela will create a crypto currency to advance on the..
8 years ago

Chinese gaming operators eye Cambodia’s next casino hub

Sihanoukville, Cambodia’s southern coastal city, will soon turn into the country’s leading casino hub Amid the opportunity, the ongoing influx of Chinese investment capital has been beyond expectations A spokesperson from the Ministry of Finance Ros Phirun confirmed that Sihanoukville currently has 16 operational casinos while nine..
8 years ago