Market Monitor: Portugal Q1 2018

 

Online poker operators in Portugal generated €3.04 million in revenue during the first quarter of 2018. Cash game poker generated €2.3 million while €750,000 euros was generated in tournament poker fees.

As revenue from other online casino game verticals converged in the opening months of the year, slots revenue reached new heights, generating €9.1 million. As a point of reference, the game generating the second highest amount of revenue in Q1 was Roulette with just €2.6 million.

Read the full article on pokerfuse →

Venetian DeepStack Going Into Deep Pockets, Offering $31m GTD

The DeepStack Championship Poker Series returns to the Venetian Poker Room May 14 with over $31 million in total guaranteed prize pools and 150 tournaments.

According to a release from the Nevada casino, the tournament was named one of the best poker series by USA Today and will run 11 weeks (May to July).

Also outside the norm, the DeepStack series will stretch from The Venetian to include Hall G in the Sands Expo, providing 140 more tables for tournaments and cash games.

Other perks include a food court, player’s lounge, final table stadium setup (96 seats), and five final tables livestreamed from Mid-Stakes Poker Tour’s Twitch. For the first time, the series will also have tables equipped with shuffle machines.

This is a massive expansion for the already popular poker tournament series.

Bringing the action back to Venetian

With 150 tournaments, DeepStack promises to host a variety of formats and options for players:

  • Bounties
  • Turbos
  • Multi-day tournaments
  • Single-day tournaments
  • No‑limit Texas Hold’em
  • H.O.R.S.E.
  • Pot-limit Omaha
  • Limit Omaha

Tournament buy-ins range from $200 to $5,000. Find the full tournament schedule here.

Mid-States Poker Tour brings large guarantees

Five DeepStack Championship Poker Series events are part of the Mid-States Poker Tour. These events each feature multiple starting flights, so there are plenty of opportunities to find time to play. The only exception is the $5,000 buy-in tournament, which has a single starting day. The Mid-States Poker Tour will also livestream each of these final tables:

  • June 3-8: $1,100 buy-in; $3,500,000 guarantee
  • June 9-13: $600 buy-in; $1,000,000 guarantee
  • June 15-17: $5,000 buy-in; $1,000,000 guarantee
  • June 18-22: $1,600 buy-in; $3,000,000 guarantee
  • June 25-30: $3,500 buy-in; $3,500,000 guarantee

Additionally, the Card Player Poker Tour tournament July 14 returns with a $5,000 buy-in and a $2,000,000 guarantee. Last year, the tournament drew 688 entries, generating a $3.2 million prize pool. Javier Gomez topped the field to win over $560,000.

In the span of about a month, the DeepStack Championship promises some exciting events with some larger guarantees.

  • May 28-30: $1,100 No-Limit Hold’em Summer Kick Off ($500,000 guarantee)
  • June 1-3: $1,600 Pot Limit Omaha MonsterStack 8-Max ($250,000 guarantee)
  • June 15-18: $800 No-limit Hold’em 8-Max ($800,000 guarantee)
  • July 5-8: $1,100 No-limit Hold’em Summer Saver I ($1,000,000 guarantee)
  • July 9-12: $1,100 No-limit Hold’em Summer Saver II ($1,000,000 guarantee)

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Past Venetian events

The Venetian hosts multiple Extravaganza events throughout the year, culminating in DeepStack Extravaganzas with large guaranteed prize pools.

  • May Extravaganza – Over $300,000 guaranteed
  • RealGrinders Bounty Extravaganza – $147,000 guaranteed
  • DeepStack Extravaganza II – Over $1,200,000 guaranteed
  • March Extravaganza – Over $400,000 guaranteed
  • DeepStack Extravaganza I – Over $3,000,000 guaranteed
  • January Extravaganza – Over $300,000 guaranteed
  • New Year’s Extravaganza – Over $1,000,000 guaranteed

Photo by tvamvakinos / Shutterstock.com

 

 

 

 

 

 

The post Venetian DeepStack Going Into Deep Pockets, Offering $31m GTD appeared first on Play Nevada.

Stadium Casino Narrowing Down Satellite Casino Host Contenders

Westmoreland County, your time is coming.

The northwest Pennsylvania county will be the site of a satellite casino belonging to Stadium Gaming LLC, the development group who is in the early stages of building a casino in Philadelphia and who won a mini-casino license this past January.

Per the Pennsylvania Gaming Control Board’s (PGCB) regulations, Stadium Casino has until June to reveal the exact location of their little casino, a location that will fall within a 15-mile radius of Derry Township.

Potential sites create suspense

There are more than a dozen towns and cities within 15 miles of Derry Township, including Unity, Greensburg, and Hempfield.

PA news station WPXI reported that Derry Township has already submitted a proposal for having a casino in their town.

Basically, towns are courting Stadium Casino in an effort to win a competition akin to The Bachelor. In the end, the casino chooses one winner and scores of dejected runners-up are left to weep in the proverbial limo.

While tears may not be part of the aftermath of the developer’s upcoming decision, there certainly will be crushed dreams.

Being the host of a new casino is a tremendous opportunity. It increases vehicle traffic, which results in an influx of revenue for gas stations, restaurants, hotels, and local businesses.

Potential host cities are well aware of the potential economic benefit. Derry, Greensburg, Hempfield, Unity, and Salem have all expressed interest.

City leaders transparent in their desire for satellite

Penn Live published an article this past February that included quotes from leaders in each of these towns:

  • Hempfield Supervisor Rob Ritson, about competing towns: “They all want it.”
  • Greensburg City Planning Director Barbara Ciampini: “We’re more than willing to have a mini-casino in Greensburg.”
  • Derry Township Supervisor David Slifka: “We have a good area. We feel it could work out for Derry Township and the casino people.”

It is unclear exactly how Stadium chooses their location. It’s likely that location, infrastructure, and other factors will come into play. For example, Greensburg is 20 minutes from Interstate 70. It sprawls across Pennsylvania routes 119 and 30 and is minutes away from PA Route 66.

For Westmoreland County, though, the exact location of the casino won’t matter, per se. The county hopes to earn between $700,000 and $1 million each year from the satellite, Westmoreland County Commissioner Gina Cervelli told PA news station WPXI.

Penn National also revealing location in June

Stadium Casino will be the second group announcing their satellite location. Penn National will be the first. They snagged the first satellite license auctioned by the state in mid-January. The casino will be somewhere in York County.

Right now, the casino is allegedly looking at three parcels in Hellam Township off Route 30.

That land includes the Mifflin House, which was used as a safe house for the Underground Railroad. The location is a historic site. Penn National would preserve the building if they were to develop the land parcels.

Their interest in the area, as well as their intention to preserve the home, was enough to get township supervisors to unanimously decide to opt-in to allowing a mini-casino after they had initially opted out.

Interestingly, the township’s superiors denied a 2017 request from an equity firm to obtain a demolition permit that would allow them to tear down the Mifflin House and develop the land.

The post Stadium Casino Narrowing Down Satellite Casino Host Contenders appeared first on Play Pennsylvania.