Without the withdrawals of Poland, Australia, Slovenia, Slovakia and Czech Republic, online poker would have been relatively stable in 2017, says the company.
888 Holdings has reported declining revenue in online poker in 2017 in what was almost entirely attributed to market withdrawals in the second half of the year.
The group reported 888poker revenue at $77.9 million, down 7.7% on the $84.4 million reported in 2016.
888 Poker is hosting a special World Water Day Tournament tomorrow evening (Thursday) and donating all the fees collected as part of the buy-ins to the One Drop organization. The site is also supporting the $5,000 guaranteed event with a free prize draw in which players can win a selection of 888-themed goodies.
In Denmark, online poker (denoted by the Danish Gambling Authority as multi-player casino games that generate revenue on a commission basis) grew by 1.3 percent between the third and fourth quarter. However, online poker continued its year-over-year decline during Q4 2017.
In its report on Q4 2017 figures, the Danish Gambling Authority noted that the average daily Gross Gaming Revenue (GGR) from online poker had fallen by 31.6% since Q1 2014, the period chosen by the regulator as its benchmark which allowed the market to stabilize for two years after the liberalization of the betting and online casino markets in 2012.
The HK$100 million guaranteed prize pool attracted the biggest names in poker, with the likes of Phil Ivey or Fedor Holz.
Online poker generated $1.77 million in revenue in New Jersey during February 2018. Resorts continues to hold the largest market share (39%) with Caesars and WSOP.com surpassing partypoker and the rooms on its network (Borgata being the largest) for the first time in the last 12 months.
Revenue figures from February represent the twelfth consecutive month in which revenue from online poker declined from the same month in the year prior, down 18.3%. Furthermore, operators generated the least amount of revenue last month than any other February since the market opened.
New ownership may feel some pressure over the Sands Casino Bethlehem sale, but not for the reasons people might initially think.
Wind Creek Hospitality, an Alabama tribal casino group, purchased Sands Casino Resort Bethlehem for $1.3 billion March 8.
The point of contention to local leaders is the 120 acres of the Bethlehem Steel plant that surrounds the casino, a recent Morning Call article reported. This area extends from the casino to the blast furnaces.
Locals say that this piece of history remains a tourist attraction. They want to keep the historic integrity of the location.
At least so far, Wind Creek has not commented about its plans for the casino, except to say that it intends to create “important and lasting bonds between the communities that may be miles apart, but still share the same values and dreams for the future.”
Until Wind Creek meets with the Pennsylvania Gaming Control Board, community leaders, and others, a representative said communication will be limited.
“The addition of this fantastic team and property to our portfolio furthers our desire to secure a long and prosperous future for our tribe,” said Stephanie Bryan, tribal chair and CEO of the Poarch Band of Creek Indians. “We look forward to working with our new team members and the community to cement Wind Creek Bethlehem’s position as the premier entertainment destination in the northeast.”
Brian Carr, president of Sands Bethlehem, said this in a prepared statement:
“We’ve become an important regional entertainment destination because of our commitment to our customers. That’s not going to change regardless of what the sign on the top of the building might read.”
The site of the Pennsylvania casino integrates the industrial part of the city with casinos in particular and stands as a model for how cities can develop a cultural and historical interpretation around its past infrastructure.
The number of buildings still standing – the No. 2 Machine Shop, High House, the Iron Foundry, and Riggers Welfare buildings – make the location unique. While the city almost lost the space when the steel plant shut down and declared bankruptcy, Sands came onto the scene in 2007.
Instead of making waves, the establishment chose to reinvent the space as part of its effort to receive a gaming license. Sands did that by donating 9.5 acres to nonprofits and government agencies to establish the $98 million SteelStacks.
According to the Morning Call, SteelStacks, an arts and cultural campus surrounded by industrial buildings, draws in over 800,000 people a year for events. This includes a number of museums, plazas, centers, and a popular elevated walkway to showcase the furnaces.
The Urban Land Institute gave SteelStacks its Global Award for Excellence in 2015. Currently, no city ordinances protect the buildings, some of which are privately owned.
While Sands had previously developed a new master plan, a $90 million expansion, Sands backed out of its efforts when it began negotiating a sale with MGM International Resorts. The deal would sour before any action was taken.
In Pennsylvania alone, four casinos changed ownership since December.
Even if this trend continues in PA, it’s too soon to tell if Wind Creek will do its best to blend into the community or make an issue by standing out.
The post Sands’ New Owner Trying To Save The Iconic Steel Mills appeared first on Play Pennsylvania.
The Pamunkey Indian Tribe is dreaming big in Virginia, looking to place its first casino in the state to the tune of $700 million.
According to the Daily Press, the tribe’s council already approved the idea. Now, they start the search for land for the $700 million facilities, which could house a spa, hotel, shows, and gaming options.
“We want partnership. We’re simply business people trying to figure this out, as an Indian tribe that wants to do its best for our people and for the commonwealth.”
While the council does not want to place the venture on its 1,200-acre reservation in King William County, the location they choose would need approval from the U.S. Bureau of Indian Affairs. The land would also need to be former tribal territory.
Even without a timeline, Pamunkey Indian Chief Robert Gray and the council imagine a revenue-sharing agreement. Already, the tribe began negotiations with an investor group that helped other tribes get through strategy, agreements, and financing.
Granted recognition by the federal government in 2015, the tribe also got the green light for pursuit of a gambling development. This came despite the fact that the state didn’t have any casinos.
This recognition initially gave the tribe access to federal grants, housing, and education. Among the competition though, if this tribe can get into the market, is MGM National Harbor.
The Washington Post reported that MGM International was one of the multiple groups who opposed the recognition. The Congressional Black Caucus also stated that the tribe prohibited marriage with African Americans.
Despite these claims, the federal government granted their request for recognition after 33 years of effort. This perk makes them a sovereign entity, and the first to receive federal recognition in Virginia in 2016.
The longstanding tribe, one of the oldest in the United States, signed its first treaty with Virginia colonizers in 1646. Reconfirmed in 1677, the tribe won over BIA standards for recognition with their historical and genealogical research.
The National Indian Gaming Commission oversees the operation of a casino and any agreement between tribal councils and management firms.
The Daily Press reported that the tribal government can operate casino games and slots, if legal in the state, if the state negotiated a compact with the state, and if the tribal government gambling ordinance was approved by the commission chair.
Comparatively, non-casino games do not require a state compact, since the players bet against each other instead of the house. Virginia does not currently allow gambling for games of chance, but Virginia code doesn’t list card games specifically.
The Pamunkey could very well utilize this form of gaming in the state.
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The post Virginia’s Pamunkey Tribe Planning $700 Million Mega-Resort appeared first on Play USA.
If there’s one month of the year you can cut loose and go mad, it’s March. With March Madness currently occupying the hearts and minds of basketball fans across the US, CaesarsCasino.com is currently laying up its own three-pointer.
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Image credit: Al Sermeno Photography / Shutterstock.com
The post Embrace The Madness Of March With The March Mayhem Promo At Caesars NJ appeared first on NJ Online Casino.
Poker pro Liv Boeree back in mid-February gave a speech at the TEDxManchester conference, and in it she discussed the ways in which people can use probabilities to improve our …
Hard Rock may have a stake in two different sports betting facilities by the time it’s all said and done in New Jersey.
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