SlotsMillion Goes Live With Wazdan Games

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SlotsMillion Goes Live With Wazdan Games

SlotsMillion and LadyLucks casinos, who are ALEA brands, will be enhancing their suite of games via the latest partnership deal that was signed by their parent company and Wazdan, one of the world's most revered casino games developers whose versatile line of products spans slots, table games and video poker.

SlotsMillion Casino is currently the world's sole 3D Virtual Reality online casino and, recently, they've made their first millionaire – a player who struck £2.2 million on Mage Fortune slot! They have over 2000 games in their library and all of this groundbreaking work has earned them several titles and awards such as ‘Best Casino’ and ‘Best Innovation Operator’ from EGR, CEEG, but also from LCB.

Wazdan is tirelessly working on producing new games on a monthly basis and is supplying all the major casinos in the world. Most of them are enhanced by their added-value tools, Volatility Level, Double Screen Mode, Unique Gamble Feature etc. and all of their major titles such as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns will be making their way to SlotsMillion.

Alexandre Tomic, SlotsMillion co-founder, comments: “We are fully dedicated to making sure our players have an amazing experience when they play with us, which keeps us working and creating new partnerships like this one with Wazdan. Wazdan has been the stand-out technology company coming to the forefront of slots development over the past year and we’re very happy to be partnering with them.”

Wazdan's Sales Manager David Mann said: “With ALEA, SlotsMillion and LadyLucks, we're delighted to be working with one of the most progressive and player-focused companies and brands in the industry. Major operators like SlotsMillion have played an important role in bringing more players online. Our new partnership enables us to build upon our rapid international growth, and develop a deep relationship with great brands like SlotsMillion and LadyLucks.”

Source:

“Wazdan Goes Live With SlotsMillion”, wazdan.com, April 20, 2018.

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7:30 PM

Whimsical retailer Sugarboo & Co. to open at The Venetian and The Palazzo

Casino City Times

Whimsical retailer Sugarboo & Co. to open at The Venetian and The Palazzo

The family-owned boutique store will open its first West Coast location this spring.

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1:30 PM

NagaCorp to offer notes to boost Nagaworld’s VIP gaming

GGRAsia

NagaCorp to offer notes to boost Nagaworld’s VIP gaming

Cambodian casino operator NagaCorp Ltd said on Monday it is working on an international offering of notes to institutional investors in Asia, Europe and the United States. The Hong Kong-listed firm said it plans to issue the notes in order to raise funds “to enhance the quality and appeal” of NagaWorld (pictured), its casino resort in Cambodia’s capital Phnom Penh.

The net proceeds from the proposed notes issue would be used to “promote gaming business growth, particularly in our VIP gaming segment, and refurbish the hotel rooms in Naga 1,” the company said in a filing to the Hong Kong Stock Exchange.

NagaCorp has an exclusive licence to operate casinos in Cambodia’s capital and surroundings. It started operations with the NagaWorld property, now referred to as Naga 1, which opened in December 2006. That property now links to Naga 2, an expansion that opened in November last year.

Naga 1 and Naga 2 combined are now described as the NagaWorld Complex, and are connected via an underground shopping mall known as NagaCity Walk.

In February NagaCorp reported 2017 net profit up 38.6 percent from the previous year. Revenue for the period increased by 79.8 percent.

The company said at the time that the “positive results were mainly attributable to robust business volume growth across all segments, especially from the VIP segment”.

Earlier this month, NagaCorp said its gross gaming revenue for the first quarter this year was nearly threefold that of the prior-year quarter, adding that it may need more mass-market tables in future.

In Monday’s filing, NagaCorp said the terms of the notes, including the aggregate principal amount, the tenor, the offer price and the interest rate, would be determined through a book building exercise. Credit Suisse (Hong Kong) Ltd and Morgan Stanley and Co International Plc were appointed joint global coordinators, bookrunners and lead managers of the proposed notes issue.

The casino firm said it would begin a series of roadshow presentations from Wednesday (May 2) to international investors. But it added: “The completion of the proposed notes issue is subject to market conditions and investors’ interest and therefore may or may not proceed.”

NagaCorp is also in the early stages of building another casino resort in the Primorye Integrated Entertainment Zone near the Pacific port of Vladivostok, in the Russian Far East. It was reported last week the company had begun pile cap work for the scheme, which was “broadly on schedule” for operation by 2019.

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7:51 AM

Local player cashes in for $50,000 in Pala Casino's 'Goin' Bannanas' cash promotion

Casino City Times

Local player cashes in for $50,000 in Pala Casino's 'Goin' Bannanas' cash promotion

Rosilina T. from Oceanside, California scoops a huge jackpot at the California casino.

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1:51 AM

Silver Heritage reports 1Q loss, expects business ramp-up

GGRAsia

Silver Heritage reports 1Q loss, expects business ramp-up

Australia-listed gaming operator Silver Heritage Group Ltd said on Monday it recorded a loss in terms of adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first quarter of 2018. The company reported an adjusted EBITDA loss of US$1.9 million for the period, it said in a filing to the Australian Securities Exchange.

In Monday’s trading update – based on unaudited figures – the casino operator said it recorded total revenue of US$4.7 million in the first three months of the year, with a “growing” contribution from Tiger Palace Resort Bhairahawa (pictured), a new Nepal property near the country’s border with the Indian state of Uttar Pradesh.

Tiger Palace, which only received its gaming licence in late December, held a casino “grand opening” in mid-March. A soft opening of the hotel facilities, offering 100 rooms, was held on September 20.

“Resort revenues and casino revenues [at Tiger Palace] have both been growing steadily over the first quarter 2018 and that growth continues in April,” Silver Heritage said in Monday’s filing. Tiger Palace reported an adjusted property EBITDA loss of US$1.8 million for the three months to March 31.

The firm said total table drop at Tiger Palace in the first quarter amounted to US$3.2 million, with a hold percentage of 23.9 percent. The property recorded gross gaming revenue (GGR) of US$911,000 during the reporting period.

“To date the casino has registered over 7,500 (unique) members and has experienced total footfall of more than 22,000 casino patrons since opening its doors on December 28, 2017,” said the casino firm.

According to Monday’s update, Tiger Palace recorded GGR of more than US$450,000 in the first 28 days of April, compared to slightly above US$400,000 in March.

The boutique casino operator also runs the Millionaire’s Club and Casino in Kathmandu, Nepal’s capital, and the Phoenix International Club, near Hanoi, in Vietnam.

Silver Heritage said it had a table hold percentage of 23.2 percent at the Phoenix International Club in the January to March period, compared to. 24.8 percent for full-year 2017. At Millionaire’s Club and Casino, the company experienced a table hold percentage of 10.4 percent in the first quarter this year, compared to 16.4 percent in the whole of 2017.

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7:06 PM

GSA meeting discusses blockchain technology in gaming industry

Casino City Times

GSA meeting discusses blockchain technology in gaming industry

The Gaming Standards Association's recently formed Blockchain Technical Committee held its first meeting in London to chart a course to integrate the breakthrough technology into online and land-based gaming.

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1:12 PM

The Night Nevada Went Black

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The Night Nevada Went Black

You gotta say one thing for human nature: it wins every time.

Take prohibition. America's political leaders put their pointed heads together and decided to yield to the pressure of women across the country who wanted to stop their husbands, sons and uncles from drinking, so they passed legislation that prohibited alcohol from being sold.

That, of course, opened the floodgates for people like Al Capone and Dutch Schultz to load up their liquor trucks and warehouses with illegal booze and make a fortune in the process.

Prohibition didn't last very long. But during its heyday, there were murders, hijackings, bribery of law enforcement officers and prosecutors and enough corruption of public officials to keep the presses rolling and sell millions of newspapers.

Eventually and inevitably, human nature triumphed and the politicians retreated and gave the public what it wanted -- the right to purchase and drink alcohol.

Something similar to prohibition occurred in Nevada in 1910. By the end of the 19th century, political leaders in nearly every Western state or territory had passed laws prohibiting gambling. Only one state -- Nevada -- permitted gambling.

Nevadans have always prided themselves on being different. They resisted the pressures of the anti-gambling crowd as long as they could, but it finally caught up to them. In 1909 with great reluctance, the Nevada legislature joined the crowd and passed a law making it illegal to gamble in the Silver State.

The law stunned the citizens of Nevada. It went into effect on Oct. 1, 1910.

On Sept. 30, all the casinos and card rooms in Nevada were filled to capacity. Even people who had never gambled crowded into the dens of iniquity to see what a gambling establishment was all about. They drank, smoke, and bet their money on spinning wheels, cards, dice and green felt tables operated by smiling men with mustaches.

The games were so crowded you had to stand in line to make a wager. It was bedlam and the casino owners made more money on that final day of legal gambling than they would have made in a week of normal operations.

On Oct. 1, the lights went out in all the casinos. Nevada went black.

Well, sort of. The gambling went underground. There were people who knew where the illegal games were operating and word got around fast. All you had to do was ask and somebody would give you the correct information and directions on where to go.

The illegal games continued for the next two decades. Finally, tired of losing all those millions of tax dollars they would have collected, the state legislators passed laws that once again made it legal to gamble in Nevada. And it's been that way ever since.

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1:57 AM

When it Rains it Pours

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When it Rains it Pours

The month of April is a great month for one of our LCB, 'Hero Members!'' She had to make several withdrawals this month to collect her winnings. So, there was no doubt that she was our April's first, 'Biggest Weekly Winner!"

Krystalkitty, aka, kathy.anderson had some of us doing a double take when she recently, posted screenshots on the forum. The first screenshot was a wonderful surprise to us and undoubtedly to kathy too! She was playing RTG's, Nova 7s and hit the bonus round. 

At the end of the bonus, the following statement appeared, 'FEATURE COMPLETE, you've won $3,317.75!" This was great, but it was just the beginning! Her next win was much smaller, $413.76, also on Nova 7 and soon after, our winner decided to cashout, leaving some playing cash behind.

The following day, we were surprised to see her post another screenshot. Along with the screenshot she said, "Withdrew a nice amount of money, and get some to play with and then got this:" A nice win from the bonus feature of 'Shark School' for $1,392.88!

The next screenshot our hot spinner posted, left us almost speechless. It was a single line winner, on a $5 spin! The win totaled $3,365.25 on Ronin! Now, you'd think this was time to count our blessings or count our winnings, but she continued to spin. When she hit the single line win on Ronin, she said, "Guess you just never know."

Believe it or not, our Hero Member continued to spin and several hours later, posted another screenshot. This one was from Ricky Valens, La Bamba. This was a $7.50 single spin with a reward of $2,250.00.

Kathy was not ready to call it quits and I guess she knew best. On April 1st, she posted her final screenshot from the RTG game, Fantasy Mission Force! The win was on one of the bonus features an ended in wins totaling, $1,207.75. After the screenshot, the winner posted, "Here is another great screenshot on the new game! I bet I got over 100 free spins. It's called the Kaboom feature. Like it a lot:)"

Wow, over 100 spins, sounds like a great game!

We asked Ms Anderson how much she cashed out and she replied " I never kiss and tell;The casino and I are the only ones who know what I withdraw:)"

This is the second time our member was playing at Grande Vegas Casino when she was winning, so we asked her if this was her favorite casino and she replied, "Is Grande Vegas my favorite? At this time I would have to say YES! RTG are for sure my fav Platform."

Even though we don't know exactly how much our big winner cashed out. We can say for sure that the amount was big! Did she pick all the right games? Were all the games, the right games to play that day? We may never know! In our member's case, there is only one thing that we can say for sure. When it rains it pours!

Congratulations girl, great job!

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1:57 PM

Videoslots debuts two new online slot games from GAMING1

Casino City Times

Videoslots debuts two new online slot games from GAMING1

Both Cirtakus and Pearl Tracker offer low-limit wagers, free spins and other extra bonuses.

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7:07 AM

Blue Chip Casino announces May entertainment and specials

Casino City Times

Blue Chip Casino announces May entertainment and specials

May at Blue Chip is jam-packed with fun, including Brewfest May 5 with 70 breweries and some 300 delicious craft brews, a Mother's Day Brunch featuring prime rib, and the start of the Summer Wheels giveaway.

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7:17 PM

Pragmatic Play Content Live at Mr Green

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Pragmatic Play Content Live at Mr Green

What does it look like when two multi award-winning brands unite? You get something like this: Mr Green Casino, one of the most reputable online gambling places in the world, and casino game specialist, Pragmatic Play becoming one such unity having formed a supply partnership that will delight players worldwide.

Pragmatic Play's entire portfolio of games will gradually become available for play at the popular online casino. The cooperation begins with Wolf Gold, Diamond Strike, Gold Rush and Hot Safari titles, as well as some more key games live as we speak at the site.

The developer has a habit of releasing two new games per month, adding to the already impressive suite of more than 80 slot games on offer to all operators who have a supply deal with them. Their latest venture is into the realm of scratchcards – already announced to be released are seven new scratchcard games based on slots. Also to be introduced soon is the groundbreaking, mobile-first bingo.

Chief Commercial Officer for the casino game specialist, Melissa Summerfield, comments: “We are delighted to take our growing portfolio of casino games live with Mr Green, an operator that shares our passion for bringing players an online casino experience dedicated to quality and innovation. Every spin of the reels in a Pragmatic Play game offers fun, excitement and innovation, and we are certain our games will prove hugely popular with Mr Green’s customers.”

Mr Green's Head of Games, Benedict McDonagh, says: “We are always looking to expand our offering with exciting new video slots and we feel that Pragmatic Play’s portfolio fits the bill. We look forward to a successful partnership.”

Source:

“Pragmatic Play's Reach Expands Again With Mr Green”, pragmaticplay.com, April 25, 2018.

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1:11 PM

Amid Opening Rumors, Ocean Resort Casino Swings Into Summer With Topgolf

Amid Opening Rumors, Ocean Resort Casino Swings Into Summer With Topgolf

Ocean Resort Casino in Atlantic City has been mum about its grand opening (rumored to be June 28, the same day as Hard Rock AC), but the former Revel recently announced it's bringing Topgolf to AC this summer.

The post Amid Opening Rumors, Ocean Resort Casino Swings Into Summer With Topgolf appeared first on .

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7:43 AM

More visitors, hotel guests on Labour Day break: Macau govt

GGRAsia

More visitors, hotel guests on Labour Day break: Macau govt

Macau should see a year-on-year increase in the number of visitors coming to the city during the coming Labour Day holiday period, with hotels posting high occupancy rates, says the head of the local tourism bureau. According to checks by GGRAsia, some of the hotels in the city’s casino properties are fully booked from April 29 to May 1.

Mainland Chinese citizens are likely to be able to enjoy at minimum three consecutive days of recreation during the Labour Day holiday, i.e., during the period Sunday, April 29, to Tuesday, May 1, inclusive, which is prescribed as an official festive period by China’s State Council.

Maria Helena de Senna Fernandes, director of the city’s tourism bureau, mentioned to local media on Thursday an estimate of a “3 percent to 5 percent” year-on-year increase in the number of visitors coming to Macau during the Labour Day period.

Macau recorded a total of 375,000 visitor arrivals during the Labour Day holiday period in 2017, show official data from the local police.

Ms Senna Fernandes added that she expected the average hotel occupancy rate to stand at around 85 percent during the holiday period.

Contacted by GGRAsia, Kenny Cheung Kin Chung, vice president of the Macau Hoteliers and Innkeepers Association, made a similar forecast. But Andy Wu Keng Kuong, president of the Travel Industry Council of Macau, was more bullish.

“The hotel occupancy rate can even reach 90 percent or above during the Labour Day holiday…especially as room availability at five-star [casino] resorts sold out fast,” Mr Wu told GGRAsia.

As of Thursday afternoon, a total of 16 major hotels in casino properties around Macau were fully booked for at least two of the three nights covered by the Labour Day break, according to data collated by GGRAsia from those hotels’ respective official booking websites.

These included: Grand Lisboa and L’Arc Hotel Macau, two properties with casinos run under the licence of SJM Holdings Ltd; MGM Macau, run by MGM China Holdings Ltd; Wynn Macau and Wynn Palace, run by Wynn Macau Ltd; Nüwa (formerly Crown Towers) and Grand Hyatt Macau, both located inside City of Dreams, a resort operated by Melco Resorts and Entertainment Ltd; Galaxy Hotel, Banyan Tree Macau, Hotel Okura Macau, the Ritz-Carlton, Macau, and JW Marriott Hotel Macau, respectively part of Galaxy Entertainment Group Ltd’s Galaxy Macau property on Cotai; Galaxy Entertainment’s StarWorld Hotel on Macau peninsula; and Sands Macao on the peninsula, as well as Sheraton Grand Macao Hotel Cotai Central and Four Seasons on the Cotai strip, part of the casino resorts run by Sands China Ltd.

The Macau Hoteliers and Innkeepers Association’s Mr Cheung said average hotel room rates for the coming Labour Day break were up compared with the same period last year. “An annual increase – but below 10 percent – is possible,” he added.

Mr Cheung told GGRAsia the Labour Day period was usually a “peak travel time for Chinese visitors from Pearl River Delta”.

Macau’s average hotel occupancy rate for the Labour Day break in 2017 reached 94.5 percent, with an average room of MOP1,700 (US$209), according to data compiled the city’s tourism bureau..

“We’ve been seeing mild increases in room rates so far this year, and many hotel operators have come up with better value-for-money accommodation packages for guests,” Mr Cheung said, “I don’t think now in Macau you will see drastic increases in hotel room rates as it happened some years ago.”

The average three- to five-star hotel room rate in Macau stood at MOP1,365.2 in the first quarter of 2018, a 6.9 percent year-on-year increase, according to figures by Macau Hotel Association. The average room rate for five-star hotels – many of which are located in casino resorts – rose 3,6 percent year-on-year to MOP1,688.2.

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2:00 AM

MGM China posts 26pct jump in 1Q rev as Cotai comes online

GGRAsia

MGM China posts 26pct jump in 1Q rev as Cotai comes online

Macau-based casino operator MGM China Holdings Ltd recorded total revenue of HKD4.66 billion (US$593.9 million) for the first quarter of 2018, an increase of 26.4 percent compared to the same period last year.

“While the gross gaming revenue (GGR) of Macau gaming market grew approximately 21 percent year on year to HKD74 billion in the first quarter this year, MGM China saw its casino win up by approximately 24 percent,” the Hong Kong-listed firm stated in a press release issued on Thursday.

MGM China’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was up by 4.2 percent from a year earlier to approximately HK$1.28 billion.

The first quarter included 47 days of operations of MGM Cotai (pictured), the firm’s second property in Macau, which opened on February 13. The firm also operates casino hotel MGM Macau, located on the Macau peninsula.

“It’s been obviously very early days [of operation at MGM Cotai], but we’ve been very encouraged by several things,” said Jim Murren, chairman and chief executive of MGM Resorts International, the parent company of MGM China.

He added: “Number one, MGM Macau has experienced almost no cannibalisation, and that proves the ‘stickiness’ of that particular property and, in fact, of the peninsula customer and the loyalty of that customer. Secondly, it’s clear that though we’re going to have a ramp up at MGM Cotai as others have had in that market, because particularly we don’t have the VIP operations coming online until later this year, our mass volumes and our production levels are running better than we had expected.”

Mr Murren’s comments were made during a conference call with investment analysts following the first quarter results announcement by MGM Resorts, also on Thursday.

In comments during the same conference call, MGM China’s chief executive Grant Bowie stated that the firm expected the opening of the first junket rooms at MGM Cotai to take place between August and September, prior to October’s “Golden Week”. That was a reference to a peak period for the Macau casino market, connected to a weeklong break in mainland China associated with the country’s national day on October 1.

During the call, Mr Murren also talked about MGM Resorts’ interest in Japan, as local authorities move to establish a casino industry in that country. He noted that Japan’s governing parties were expected to submit the IR Implementation Bill – an essential piece of legislation to move forward the opening of casinos in the country – to the parliament today (Friday).

“It’s incredibly important to mention the progress going on in Japan by the government,” Mr Murren commented. “MGM [Resorts] has been very committed to this market. We believe that we are a frontrunner to participate in an integrated resort should that the be ultimately approved by the Diet.”

He added: “We think that because we’ve developed the right relationships, we have the right reputation, we have been there a long time, we have the right brands, and we’re developing and have developed a very strong consortium.”

EBITDA beat

Commenting on MGM China’s first quarter results, investment bank Morgan Stanley said property EBITDA “was slightly higher than our and consensus estimate of HKD1.25 billion”. But analysts Praveen Choudhary, Jeremy An and Thomas Allen noted that the “new timeline for the opening of junket rooms” at MGM Cotai was “later than previously anticipated”.

In a note issued on Friday, Brokerage Sanford C. Bernstein Ltd said MGM Cotai’s ramp up in the first quarter “was slow, as expected”.

Analysts Vitaly Umansky, Zhen Gong and Cathy Huang added: “The inclusion of the 47 days from MGM Cotai contributed to approximately 60 percent of the incremental net revenue growth (year-on-year) [at MGM China] and over 100 percent of the incremental EBITDA growth (year-on-year).”

The brokerage estimated that with the inclusion of MGM Cotai for part of the first quarter of 2018, MGM China gained quarter-on-quarter GGR market share of approximately 40 basis points. “Without Cotai, MGM China would have seen market share loss,” they noted.

MGM China stated in its Thursday release it had recorded main floor table games win of HKD2.59 billion, an increase of approximately 20 percent from a year ago. MGM China’s VIP table win was up approximately 26.2 percent in year-on-year terms, to HKD2.62 billion.

At the parent level, MGM Resorts said net revenues decreased by about 1 percent over the prior-year quarter at the company’s U.S resorts to US$2.1 billion. Net income stood at US$223 million, including a non-cash income tax benefit of US$94 million, compared to US$206 million in the prior year quarter.

MGM Resorts also announced that CityCenter Holdings LLC – a venture between the firm and Infinity World Development Corp – was to sell the Mandarin Oriental Las Vegas property and adjacent retail parcels for approximately US$214 million in cash.

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7:37 PM

Casino News Report - April 2018

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Casino News Report - April 2018

What are this month’s featured casinos and what they have going on for you? We show you the proven ways LCB members can meet their appetite for contests and new casinos. And find out how the games developer Nolimit City plans to conquer the industry in the near future.”

This is LCB News and here’s our monthly review.

 

Hi LCB’ers, it’s great to see you again and thanks for tuning in for April’s report because we have another exciting month-long journey with the Easter holidays behind us. Now, here are some of our top casino picks to cool you off during the much-awaited warmer season. 

Liberty Slots is our #1 pick among US-friendly casinos, they’ve enjoyed a steady ride of excellent player feedback since 2015. If you’re new to this Wager Gaming casino, then we have an exclusive signup bonus for you that you can pick up right here!

For all those crypto currency users out there, we recommend taking a closer look at Superior Casino. They offer VIP treatment to all our members with direct support on our forum and a $3 LCB chip in rewards when making a first deposit.

Breakout Casino is our third pick for the month and it also accepts players from the UK. Read more about its perks in our full review or quickly reach out to the rep on the forum if you need any additional assistance.

 

This month’s 14-day “Spring is in the Air” LCB contest has now come to an end: thank you to all who’ve participated and congratulations to our lucky $250 prize pool winners! If you’ve missed or didn’t win this time, then our moderator “Lipstick” will be back soon with another exciting competition, so keep your eyes open for the next one. We recommend you subscribe to the ‘Members only’ section so you don’t miss out next time.

 

For all of you who enjoy competing, we have great news in our “Exclusive LCB Contests” forum where you’ll find more quizzes and races which are hosted by reputable casinos like BetRebels, Ikibu, JumbaBet, and Energy Casino.

There’s still time to join some of them to get those exclusive freebies, with many more to come this May, so be sure to subscribe to the threads to receive notifications. It’s that easy!

 

We have a bunch of new casinos for you to try out as well! Including the Bitcoin-friendly Jetspin which has an active rep on our forum for quick assistance and boasts a huge list of games that are also linked to their exclusive on-site tourneys.

Also, be sure to check out Roaring 21 Casino, it’s a sister brand to Casino Max and Cherry Jackpot. It is USA friendly and has an awesome $21 exclusive no deposit bonus. It expires end of April so hurry and get the code from our no deposit bonuses page or the review page.

Be sure to let us know what you think of them in our full reviews and subscribe to notifications to be the first to know when we add a new casino!

 

Still with me? – Great! At LCB we love talking to new developers and getting to know them better. So, we spoke to the co-founder of Nolimit City, Jonas Tegman, and asked him about the company’s history, new slots, plans for the future and if he gambles in his spare time. We got the answers and invite you to share feedback and ask your own questions in the comments section!.

 

That’s the report for this month.

Hope you liked it and be sure to share your thoughts on it in the comments section so we can continue to deliver the best content possible.

You can also find us on Facebook, Twitter, Google Plus and YouTube.

Stay tuned for more news soon!

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1:42 PM

Wolstenholme named COO at Vietnam’s Hoi An project

GGRAsia

Wolstenholme named COO at Vietnam’s Hoi An project

Hoi An South Development Ltd has appointed Steve Wolstenholme (pictured in a file photo) as group chief operating officer (COO) for its Hoiana project, a US$4-billion casino resort located 30 kilometres (18.6 miles) south of Da Nang in central Vietnam.

“We are delighted to welcome such an experienced executive to our team, and with his strong background in pre-opening large scale projects Steve will play a critical role in our success,” Richard Lam, chief executive of Hoi An South Development, said in a prepared statement included in a press release issued on Thursday.

“Steve is a proven leader with an extensive knowledge of gaming and hospitality across many markets,” Mr Lam added.

Mr Wolstenholme is a veteran international gaming executive. He served as COO, president and managing director for Okada Manila, in the Philippines, and as COO for Galaxy Macau, a property operated by Macau-based Galaxy Entertainment Group Ltd, according to Thursday’s press release.

The first stage of the Hoiana project – comprising three hotels, a casino, food and beverage outlets and a golf course – is due to open in 2019.

The project is a venture between entities linked to Macau junket investor Suncity Group, Vietnam-based asset management firm VinaCapital Group, and a subsidiary of Hong Kong-based Chow Tai Fook Enterprises Ltd. According to brokerage Union Gaming Securities Asia Ltd, Hoiana could potentially generate “Macau flagship levels” of VIP gaming volume.

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7:31 AM

The Cabazon Band of Mission Indians announce passing of former tribal chairman

Casino City Times

The Cabazon Band of Mission Indians announce passing of former tribal chairman

Chairman John A. James was one of the most recognized and respected Native American leaders in the U.S.and has been called The Father of Native American Gaming.

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1:30 AM

Las Vegas Sands has strong 1Q growth in Macau, Singapore

GGRAsia

Las Vegas Sands has strong 1Q growth in Macau, Singapore

U.S.-based casino operator Las Vegas Sands Corp reported a 202.7-percent jump in company-wide first quarter profit, on strong year-on-year performance from its Asia operations. In a conference call following the results, the group’s management said it had plans to double its junket VIP room footprint in Macau. Further afield, South Korea might be its next target in the region; Japan also remains a priority.

Group-wide, on a U.S. generally accepted accounting principles (GAAP) basis, Las Vegas Sands’ net income for the three months ended March 31 was to US$1.46 billion, the parent said on Wednesday. The figure included a nonrecurring, non-cash income tax benefit of US$670 million.

The increase in group net income reflected the jump in group consolidated net revenue, which was up 16.7 percent year-on-year to US$3.58 billion, the company said.

On a GAAP basis, total net revenues for Sands China Ltd increased 17.4 percent to US$2.16 billion in the first quarter of 2018, compared to $1.84 billion in the first quarter of 2017, the parent firm said. Net income for Sands China increased 59.1 percent to US$557 million in the first quarter of 2018, compared to US$350 million in the first quarter of 2017.

Sands China posted casino revenue of US$1.71 billion for the first quarter, an increase of 18.8 percent in year-on-year terms. Revenue at casino resort the Venetian Macao stood at US$716 million, up by 20.1 percent from a year earlier. The Sands Macao property however bucked the trend, as its casino revenue declined by 13.4 percent.

Commenting on the first quarter results, brokerage Sanford C. Bernstein Ltd said: “Sands China slightly beat estimates in first quarter with adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$789 million (+8 percent quarter-on-quarter, +26 percent year-on-year)”.

Investment bank Morgan Stanley noted that Sands China’s first quarter results were “better than consensus” but it added the beat was “not enough to move full-year estimates.”

Las Vegas Sands’ Singapore casino resort, Marina Bay Sands, posted adjusted property EBITDA of US$541 million, up by 48.6 percent. Casino revenue at Marina Bay Sands was up by 32.5 percent year-on-year to US$652 million in the three months to March 30.

Korea, Japan, more VIP in Macau

In the conference call with investment analysts following the first quarter results announcement, Las Vegas Sands chairman and chief executive Sheldon Adelson (pictured) admitted the firm could soon invest in South Korea.

Mr Adelson mentioned market intelligence about the possibility of South Korea licensing a second casino entitled to welcome locals. “We think we are… number one in that line. Korea could be real.” he said.

Kangwon Land is current the only South Korean gaming resort allowed to accept bets from locals. It is located in an upland area of Kangwon province, 150 kilometres (93 miles) from the capital Seoul.

During the conference call, Mr Adelson also reiterated an interest in investing in Japan, as local authorities there work to set up a casino industry.

Regarding Macau, the firm mentioned plans to double the number of junket VIP rooms at its properties from the current 11 to 21 by next year. “We want to grow our junket business… We should do better,” Las Vegas Sands president and chief operating officer Rob Goldstein admitted.

Commenting on the overall Las Vegas Sands results, Mr Adelson stated the three months ended March 31 were “a record breaking quarter” for the firm.

He added that the firm’s Macau operation “broke a number of quarterly records” in the three months to March 31, including “the highest-ever mass table gaming drop and revenue, the highest-ever retail mall sales, and the highest EBITDA margin since the third quarter of 2006”.

Mr Adelson added that the results in Macau were positively affected by “strong mass revenue growth combined with cost efficiencies” that had driven “significant margin expansion”.

The Las Vegas Sands management stated that design work for the Londoner Macao was progressing and the firm expected to start construction later this year. The firm announced during the fourth quarter last year that it would invest US$1.1 billion in revamping its Cotai facilities, including a rebranding of Sands Cotai Central as the Londoner Macao and an increase to the number of hotel rooms available at its properties.

“Many other significant capital projects are taking shape as we speak, the suite additions at the Parisian Macao, the renovation of our VIP gaming areas, a plethora of new and exciting food and beverage outlets, and the full scale development of the two luxury hotel towers immediately adjacent to the Four Seasons and the St. Regis properties, all of which will greatly bolster our growth prospects in the years ahead,” Mr Adelson stated.

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7:51 PM

Resorts World Catskills welcomes Jerry Seinfeld on 12 May

Casino City Times

Resorts World Catskills welcomes Jerry Seinfeld on 12 May

Tickets are now on sale.

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1:25 PM

Play'n GO unearths new Legacy of Egypt slot

Casino City Times

Play'n GO unearths new Legacy of Egypt slot

The five-reel, 30-line slot explores the land of the Pharaohs where explorers take aim at free spins and giant jackpots.

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7:29 AM

Macau regulator approves Lucky 6 side bet for baccarat

GGRAsia

Macau regulator approves Lucky 6 side bet for baccarat

Macau’s casino regulator has approved the introduction of a new betting option for the casino game of baccarat as it is offered in the local market. The announcement was published in the city’s Official Gazette earlier this week.

The new side bet – known as ‘Lucky Six’ – is already found in casinos in Asia, including in Singapore, according to industry commentators. Las Vegas Sands Corp, the parent company of Sands China Ltd, offers the product in its United States operations.

‘Lucky Six’ pays out on any winning ‘banker’ hand with a face value of six. It pays 20 to 1 if the winning ‘banker’ hand with a face value of six is composed of three cards, and 12 to 1 for a two-card winning hand, according to the rules published by the Gaming Inspection and Coordination Bureau, also known by its Portuguese acronym DICJ.

“The reason for revising the baccarat rules is to add a new betting option for the game type, so that there will be more variety in the ways of betting for the patrons,” a spokesperson from the casino regulator told GGRAsia.

The regulator is the entity ordinarily responsible for approving the introduction to the market of new betting options and games at the request of casino operators. In the reply to GGRAsia, the spokesperson did not clarify whether the rule amendment had arisen from a request originating within the local industry.

Casino operators are free to decide whether to offer the Lucky 6 betting option on top of their existing baccarat offering, the spokesperson stated.

Baccarat is the most popular game in Macau. It accounted for 88.4 percent – or nearly MOP234.96 billion (US$29.07 billion) – of the city’s casino gross gaming revenue last year. That included high-stakes baccarat, which produced GGR of MOP150.67 billion in 2017.

Other baccarat betting options available in Macau include ‘Dragon Seven’, ‘Par Bet’ and three variants of progressive jackpots.

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1:52 AM

If All Goes Well, NJ Online Poker Players Will Have A Larger Pool To Play In On May 1

If All Goes Well, NJ Online Poker Players Will Have A Larger Pool To Play In On May 1

If all goes well, NJ online poker players at WSOP NJ and 888 Poker NJ will be able to compete against others in Nevada and Delaware when the first interstate games launch May 1.

The post If All Goes Well, NJ Online Poker Players Will Have A Larger Pool To Play In On May 1 appeared first on .

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7:15 PM

A Bevy of Novelties at Cashmio Casino

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A Bevy of Novelties at Cashmio Casino

The hard-working people of Japan will soon embark on a much-deserved vacation – in their country, this is known as a Golden Week, which marks the beginning of the longest vacation period for workers in Japan. So, what does this have to with casinos or gambling, you might ask; the fact that Cashmio Casino is hosting Lisa's Golden Week Lotto, packed with all sorts of goodies!

This promotion coincides with the mass vacationing period in Japan, so people there can just sit back and relax playing these games that will award them with wager-free cash, Mega Dega Spins and extra spins! The promotion runs from April 27th to May 6th, with the main draw taking place on May 7th at 12:30. For every win on any of these slots – Aloha, Asgardian Stones, Drive, FruitSpin, Jack Hammer 2, Planet of the Apes, Reel Rush, Starburst and Steam Tower – players will get 1 lottery ticket. The minimum bet required is €0.40. The first prize is a $200 wager-free cash prize. The second-ranked player gets 100 MDS on Aloha, the third player gets 50 MDS on Aloha, while the fourth, fifth and places six to ten get 100, 50 and 20 free spins. Full T&Cs apply.

Also this week, there is the major introduction of 14 new games for casino's punters to enjoy. Some of the brand new titles to see the light of day there are NetEnt's Archangels: Salvation, Yggdrasil's Lucha Maniac's, Play'n GO's Legacy of Egypt, Betsoft's Reels of Wealth, Blueprint's Inspector Gadget, SGI's Celestial King etc.

Source:

“Golden Week For Japanese Players”, Cashmio Casino Newsletter, April 20, 2018.

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1:18 PM

Belle Corp again pitches CoD Manila ‘expansion’

GGRAsia

Belle Corp again pitches CoD Manila ‘expansion’

Belle Corp, the landlord of the City of Dreams Manila casino resort (pictured) in the Philippines, has made a proposal for its expansion and has submitted the idea to the venue’s operator, Melco Resorts and Entertainment Ltd.

So reported the Philippine Daily Inquirer newspaper on Tuesday, citing comments from Belle Corp’s president Manuel Gana after a firm’s stockholder meeting on Monday.

In April last year, Belle Corp had also mentioned possible “expansion” of City of Dreams Manila. The local unit of Melco Resorts told the Philippine Stock Exchange at the time that it had “no prior knowledge” of Belle Corp’s idea.

GGRAsia approached Melco Resorts about the latest statement from Belle Corp, but had not received a reply by the time this story went online.

According to the Philippine Inquirer report, a one-hectare (2.5-acre) plot next to City of Dreams Manila and held by Belle Corp would be used mainly to create new non-gaming facilities, including hotel accommodation.

Mr Gana said that the existing resort only had one ballroom and one swimming pool.

“The ball is in Melco’s [Melco Resorts’] court. They have a lot of things on their plate,” Mr Gana was quoted as saying.

He said that were the casino firm to decline involvement in expansion, Belle Corp would be “free to do something else.”

Mr Gana was quoted saying: “We can build our own hotel and capitalise on City of Dreams clientele but we prefer Melco [Resorts] to get involved so it can be consolidated into City of Dreams.”

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7:10 AM

LeoVegas Sets Sights on €600M Revenue

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LeoVegas Sets Sights on €600M Revenue

LeoVegas has made a public declaration concerning the company’s business and financial goals for the future.

Recent financial perofmances, partnership results and acquisitions have set the tone for new expexcations that are deemed realistic by the company’s board of directors, who are not eyeing the total annual revenue of at least €600 million for the year of 2020! Another profit goal that has been set is achieveing at least €100 million in EBITDA by the same year.

The company has listed some of the key long-term financial targets, as well. LeoVegas is looking for a long-term organic growth that outperforms the online gaming market, as well as the long-term EBITDA margin, “no less than 15% assuming that 100% of the revenue will be generated in regulated markets subject to gambling tax.“ Finally, the brand is hoping to by paying a divident of at least 50% of profit after tax. A full financial report for the first quarter of 2018 will be publicly announced on May 2nd.

Mobile Gaming Group CEO, Gustaf Hagman, commented on these latest ambitions: “Following our acquisitions we have now drawn up new financial targets. In 2015 we set the target to achieve EUR 300 m in revenue by 2018. The new revenue target entails a doubling to at least EUR 600 m by 2020 and does not include potential major acquisitions. At the same time, we are aiming for EBITDA of at least EUR 100 m, which implies adjusted* earnings per share of at least SEK 8† by 2020. The new targets confirm our continued focus on strong growth combined with a sound view of profitability. The targets create transparency regarding where we are headed, both internally and externally.“

Source:

“LeoVegas announces financial targets for 2020“, leovegasgroup.com April 19, 2018.

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1:36 AM

Top 10 random observations from a week in Las Vegas

Casino City Times

Top 10 random observations from a week in Las Vegas

Casino City's Gary Trask returns from a week in Las Vegas with 10 thoughts and observations about the current vibe of the city and what the future has in store.

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7:20 PM

Wait, What? NBA, MLB Meet With NJ Lawmakers Ahead Of Sports Betting Decision

Wait, What? NBA, MLB Meet With NJ Lawmakers Ahead Of Sports Betting Decision

Despite being against sports betting and litigants in the NJ sports betting case (Murphy vs NCAA), the NBA and MLB have reportedly met with NJ lawmakers ahead of a SCOTUS decision to help frame sports betting regulations.

The post Wait, What? NBA, MLB Meet With NJ Lawmakers Ahead Of Sports Betting Decision appeared first on .

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1:24 PM

1Q net income up 10pct at City of Dreams Manila landlord

GGRAsia

1Q net income up 10pct at City of Dreams Manila landlord

Net income at Belle Corp rose 9.6 percent in the first quarter, to nearly PHP857.5 million (US$16.4 million) from nearly PHP782. 5 million in the prior-year period, the firm said in a filing to the Philippine Stock Exchange on Monday.

The company is entitled – via its 78.7 percent-owned subsidiary, Premium Leisure Corp – to a share of “gaming revenues or earnings” at City of Dreams Manila (pictured), a Manila casino resort operated by Melco Resorts and Entertainment Ltd, Belle Corp noted in its announcement. .

Group wide, the contribution of its gaming revenue share fell by 8 percent year-on-year in the three months to March 31, to just over PHP664.3 million, compared to nearly PHP721.9 million in the prior-year quarter.

But Belle Corp stated that its earnings before interest, taxes, depreciation and amortisation (EBITDA) from its income share in the gaming operations of City of Dreams Manila increased by 8 percent year-on-year to PHP474 million for the first quarter, from PHP439 million for the same period in 2017.

Belle Corp also said it increased by 27 percent-year-on-year to PHP571 million its first-quarter operating income from its real estate businesses, compared to PHP451 million for the 2017 period.

It said a “significant portion” of its real estate-related EBITDA – i.e., PHP502 million – was derived from Belle Corp’s lease of the land and buildings comprising City of Dreams Manila, to a unit of Melco Resorts. The balance of Belle Corp’s real estate earnings came from property sales and property management activities in other parts of the country.

Belle Corp confirmed on March 23 a regular cash dividend for 2017 of PHP0.12 per share for holders of its common stock, representing a total payout of PHP1.27 billion. The firm said that was a 26-percent improvement from the 2016 regular dividend of PHP0.095 confirmed in March last year.

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7:15 AM

G2E Asia backer convenes responsible gaming think tank

GGRAsia

G2E Asia backer convenes responsible gaming think tank

The American Gaming Association (AGA), a co-organiser of Macau-based casino industry trade show and conference Global Gaming Expo (G2E) Asia, has convened a think tank on the issue of responsible gambling.

The Responsible Gaming Collaborative will “identify the programmes and policies that best address responsible gaming and the prevention of problem gambling and hold government accountable for supporting proven, effective solutions,” said a press release from the association.

Contributors to the think tank will include the Association of Gaming Equipment Manufacturers, and the International Gaming Institute at the University of Nevada, Las Vegas.

The topic of responsible gambling is high up the agenda for Japanese lawmakers as they address the issue of implementing a casino industry in that country. It has been widely reported that responsible gambling will be the topic of a distinct piece of Japanese legislation aside from the Integrated Resorts (IR) Implementation Bill, which pro-casino lawmakers hope can be passed this calendar year.

Several U.S.-based casino groups that are AGA members have respectively expressed interest in bidding for one of the three casino licences likely to be available in the first phase of liberalisation.

“It’s time to comprehensively review existing responsible gaming policies and regulations,” said Geoff Freeman, president and chief executive of the AGA, as quoted in the press release about the new think tank.

“We must drive a new discussion around proven, effective programmes and ensure that governments are appropriately allocating resources,” he was further quoted as saying.

The announcement said that in “coming months” the think tank would: “conduct a comprehensive review of current responsible gaming policies and regulations; identify programmes that work and those that fail to meet their objective; study regulations to determine which ones are based on solid evidence; determine whether government resources are being properly targeted toward effective programmes and prevention; develop a set of recommendations and industry best practices; and work with regulators and other stakeholders to understand the best approaches”.

The AGA’s Mr Freeman was quoted saying: “Our goal is to work with regulators, policymakers, experts, advocates and other stakeholders to find the best solutions and direct resources to them.”

G2E Asia 2018 is taking place from May 15 to 17 at the Venetian Macao Resort Hotel.

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1:30 AM

Pala Casino offering $1 street tacos on Cinco De Mayo

Casino City Times

Pala Casino offering $1 street tacos on Cinco De Mayo

All guests who visit the Bar Meets Grill restaurant on Saturday, 5 May will enjoy $1 street tacos and Sammy Hagar's Santo Mezquila from 3 p.m. to 7 p.m.

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8:00 PM

Wild Woman of The West

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Wild Woman of The West

On a summer day in 1852, a dust-covered stagecoach from San Francisco came to a screeching halt in Nevada City, CA. There was only one passenger aboard -- an attractive well-dressed young woman wearing a stylish hat.

Single women were a scarcity in the early days of the wild west. Her arrival drew curious and even lustful glances from the cowboys, gold prospectors, gamblers and even clergymen who were lucky enough to see the arrival of Eleanore Dumont.

She was dressed a little flamboyantly with jewelry and a low-cut gown. But it was evident to those who saw her that she was not a lady of the evening as prostitutes were called. And the men were also pleased that she was not a school teacher or social worker who frowned on whiskey and gambling, both of which were prominent in Nevada City.

Miss Dumont had a delightful French accent as well as an attractive downy fuzz on her upper lip. One of the men removed his hat and escorted her from the stagecoach. He followed her like an obedient puppy dog to a hotel a block away from where she registered herself.

The eligible males and a few who were not eligible took great interest in Eleanore Dumont. They noted she smoked cigarettes that she rolled herself and drank fine wine. She carried herself like a lady and appeared to be chaste. She did not go out of her way to attract men, but neither did she drive them away.

She was a gambler -- one of the best -- and she opened a game that quickly grew into one of the most respected poker games in town.

California was still reeling from the economic effects of the gold strike. There were many prospectors in Nevada City whose pockets were heavy with gold. In her attractive, almost virginal style, Dumont managed to relieve them of much of the weight of the heavy precious metal.

At first, the men who played in her game did it out of curiosity. But the curiosity grew into admiration. In order to play at her poker table, she insisted that the men wear jackets, refrain from profanity, and not engage in fisticuffs or other violence. She also ordered them to remove their hats. The popularity of her gambling enterprise literally exploded, forcing her to move to a larger facility.

She hired dealers and other assistants and became wealthy. After several years, the economic prosperity of Virginia City began slowing down and Dumont bid a sad adieu to the town. She moved to other places to run gambling games -- Nevada, Idaho, Oregon, Montana and South Dakota. She was successful everywhere she traveled.

Then age caught up with her and she began to lose her beauty. By the time she was 40, she had put on pounds and the wispy downy hairs on her upper lip had turned into a mustache. She had switched her drinking from wine to whiskey. While she made some of her money gambling, she made even more of it by going to bed with her customers who had started calling her Madame Moustache.

She moved to Fort Benton, Montana and opened a gambling saloon and brothel in a two-story building. The place had no touch of elegance. It was rundown with a dozen small rooms on the second floor.

A steamboat man who had heard of Madame Moustache came to the place because he wanted to play against her. By then Dumont was considerably overweight and her moustache was quite pronounced. He told her he either wanted to lose his $200 to her or use it to win a considerable amount of money.

She smiled and they began playing. She cleaned him out.

As he rose to leave, she signaled to one of her employees and insisted the man have a special drink on the house. It was a glass of milk. He returned to his steamship with nothing but memories.

Elaine Dumont's life ended tragically. She moved to Bodie, CA., set up a gambling house, and in 1879 decided she had had enough of life..She wandered out of town and shot herself to death.

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1:51 PM

Wins are More Likely to Happen with LCB Shop

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Wins are More Likely to Happen with LCB Shop

Just the other day we were going through the Shop's many offers, wondering what can we do to improve it even more? What kind of items would make our members happy? Let's see: a free one, and one from a really awesome casino! That settles it then, we said, and the only thing left was is to eligible partners and strike a deal!

WildTornado Generously Support the Shop

Before joining the Shop, they must have thought: ''Let's do this the right way'', because how else can you explain the amazing chip they offer? The first purchase is FREE, no deposit required! The wagering requirements couldn't have been made easier: only 10x rollover is needed before withdrawing up to $100. The second and all subsequent purchases are available once every week.

You'll get as many as 30 slot spins on the most popular BetSoft games: Alkemor's Tower, At the Movies, Giovanni's Gems, Weekend in Vegas, The Tipsy Tourist, The True Sherrif, Sugar Pop, Sin City Nights and Rook's Revenge.

WildTorando's best features are an amazing selection of industry's top games and a truly unique loyalty program with many useful bonuses. Weekly slot tournaments, lucky hours on Saturdays, and Bitcoin-friendly banking are among the perks you'll get to enjoy as a member.

Restricted countries from this offer: UK and its territories, France, Spain, USA, Ukraine and Israel.

Oshi Casino Debuts Slot Spins

Play! Win! Banzai! And Bitcoin! This is what Oshi is about, according to the management, and who are we to argue such elaborate description? Oshi joined the Shop offering 35 casino spins. twice a month, to players who deposit at least $20 to qualify. Having made a minimum deposit once in the past, also makes you eligible for the chip. What's great is that first-time depositors can claim both the LCB exclusive item and the casino's welcome offer - they are not mutually exclusive and CAN be combined for an explosive balance boost!

Allowed games include: Brave Viking, Desert Treasure, Hawaii Cocktails, Lucky Blue, Lucky Lady Clover, Lucky Sweets, Princess Of Sky, Princess Royal, Scroll Of Adventure, Slotomon Go, West Town (desktop and mobile)

Once credited, you have 3 days to activate the spins, another 3 days to make use of them, and then 7 more days to complete the wagering requirements of 40x.

Oshi may be a site of few words, rather letting actions speak for themselves. They are provably fair and RTP transparent, have their own Shop of wonders, and even hang out on Bitcointalk!

Restricted countries: Poland, Bulgaria, Greece, Hungary, Romania, Croatia, Ukraine, India, Pakistan, Indonesia, Philippines, Czech Republic, Portugal, Slovakia, Latvia, Bahrain, Egypt, Iran, Iraq with its autonomous Kurdistan, Jordan, Kuwait, Lebanon, Oman, Palestine, Syria, United Arab Emirates, Yemen, Africa, Kazakhstan and Mongolia.

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7:12 AM

Institutional Investors Rekindle Their Love For Bitcoin

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Institutional Investors Rekindle Their Love For Bitcoin

It's not off-base to talk about clouds and silver linings when discussing and contemplating Bitcoin and cryptocurrencies in general. Since we're long into spring of 2018 already, it's safe to say that the phenomenal year that was 2017 will not be repeated this time. The tumble Bitcoin took in the first quarter was just too much, but now it seems as if there is something good coming out of its supposed demise.

Despite the fact that Bitcoin has dropped heavily – very heavily, as much as by 70% since its peak value of almost $20,000 in December 2017 – it has actually started to gain new momentum in terms of interest from institutional investors who are believing in Bitcoin again. For the first time in months, “serious money is entering the market” - those are the words of Jeffrey Van de Leemput, Cryptocampus analyst. “A couple days ago I helped set up a 200k BTC transaction for Chinese buyers…Soros, etc., are coming in, we will now see the start of the real bubble,” he added.

As the cryptocurrency is currently trading for $8300 per coin, these events are perfectly in line with what was already predicted by Smart Valor's chief executive officer, Olga Feldmeier, who said: “A strong break above the $8,000 USD area is having the potential to comprise the ignition for the next bull phase, for which a lot of investors were waiting for a long time and will be happy to support now.”

Ari Paul, chief investment officer of BlockTower Capital is not as surprised, as he already commented that this institutional investment is inevitable for cryptocurrencies. He commented, “Even if they never believe in it, as an asset class, they’re smart enough to recognize the alpha opportunity.”

Saxo Bank analyst Jacob Pouncey is of the opinion that legacy markets uncertainties are giving an edge to the rebirth of Bitcoin demand and other crypto assets that are in no correlation with mainstream financial markets, adding, “If there is a significant pullback in the equity markets, there will be an inflow of money into uncorrelated assets, or assets that lie outside the reach of the traditional financial system in which cryptocurrencies are a potential alternative. The inflow of institutional capital to the cryptocurrency market, due to the increase in regulation and investor protection, could lead cryptocurrencies to a positive quarter.”

Managing director and global head of equity products and alternative investments at CME Group, Tim McCourt confirms that trading volume is steadily increasing each month!

Could this be it, the moment all of Bitcoin enthusiasts were hoping for (and in likelihood praying for)? Do you believe this will once again put the cryptocurrency and Bitcoin wheels in turbo motion? Have your say in the comments below…

Source:

“Institutional Demand for Bitcoin and Crypto Resurges”, Haig Samuel, bitcoin.com, April 19, 2018.

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8:06 PM

Sixty Miles on A Horse

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Sixty Miles on A Horse

Doyle Williams was a real cowboy. He owned the Skyline Ranch in south Phoenix, AZ. where he had a riding stable. He also staged weekly bull riding competitions for young riders who were brave enough to try to ride a Brahma Bull for eight seconds or however long they could stay on.

Doyle's son, Eddie, was well on his way to becoming a champion bull rider when I began hanging out at the ranch. He always had a horse available for me to ride and we spent many happy hours on trail rides into South Mountain.

I liked Doyle's laid-back ways and easy sense of humor. He and his older brother Red were both poker players and they sometimes played in the games at the American Legion where I was a member.

One day Doyle called me at the Phoenix Gazette where I worked as a reporter and asked me if I wanted to go on a trail ride to Casa Grande, 60 miles south of Phoenix.

'It will be a two day trip,' Doyle said. 'We'll leave here on a Saturday and when we get to Casa Grande, we'll ride in the rodeo parade. Care to join us?'

I had never ridden a horse 60 miles before, but I didn't hesitate. 'Count me in," I said.

I wrote a feature article about the upcoming trail ride and showed up at 6 a.m. at the Skyline Ranch. The place was filled with riders, horses and television reporters with their cameras.

While Doyle was saddling the horses, a rider got dumped into a cactus plant when his horse reared and started bucking. Red Williams just shook his head.

'Tourists,' he muttered beneath his breath.

There were 35 riders in our caravan. Doyle, his wife and son rode at the head of it and at a signal, we started riding. I was on a brown gelding that I had ridden several times before and Doyle was riding his buckskin.

We made our way south on a dirt road, skirted a canal bank, and worked out a way around a ridge of cactus-studded hills. One of the riders even strummed a guitar and sang.

The first 10 miles went easy. Then it began getting painful. I kept adjusting myself on the back of my horse, but no matter which way I turned, it hurt. Doyle rode back to me.

'How ya doing, writer?' he inquired. 'Think you're gonna make it?'

I tried to smile. 'I think so,' I said.

We rode and we rode as the afternoon wore on. The sun fell behind the mountains in the west and we kept riding.

Finally, mercifully, it was time for our dinner break. I tried to get off my horse -- and couldn't. I was too sore. Finally, I managed to get my leg over the saddle horn and fell to the ground.

Eddie Williams loped up to me, grinning.

'Nice dismount,' he said.

We dined on steak and apple pie. The meal helped me get some of my strength back, but all I could think of was sleep. I climbed into a sleeping bag next to a pickup truck and closed my eyes.

It began raining. Not only rain, it turned into a cloudburst with lightning zigzagging through the sky. And it didn't let up.

It was near midnight. Doyle, wearing a yellow raincoat, circled through the now awakened riders and said, 'If we're gonna get drowned, we may as well do it on horseback. Everybody up. Let's start riding.'

There were audible groans Some of the riders remounted. I couldn't do it. I had ridden over 30 miles and I was finished.

Doyle understood my decision. He arranged for me to get a ride back to Phoenix. More than 20 of the riders opted for me to end the ride. Only six riders out of the 35 finished it and rode in the rodeo parade.

I was in bed for two days. And if anybody tries to invite me on another two-day trail ride, my response will be unprintable in a family publication.

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1:28 PM

Win Bellew vs Haye VIP Tickets at bgo Casino

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Win Bellew vs Haye VIP Tickets at bgo Casino

One of the most anticipated boxing matches of the year in the UK, between heavyweights David Haye and Tony Bellew, is getting nearer and bgo Casino has just the thing for the lovers of boxing who are eager to witness this spectacular event first-hand at the famous O2 Arena in London on May 5th.

The Big Ticket prize draw, as the promotion is called, will take place through Tuesday, April 24th at 23:59 BST. The promotion will dish out numerous amazing prizes, with the crown of them all being the 1st place prize – a VIP Fight Package that entails 2 fight tickets, full hospitality, complimentary food & drinks and a one-night stay at The Intercontinental/Hilton London Tower Bridge Hotel! The lucky player and his/her guest will be watching the match from the VIP lounge seats in O2 Arena.

In order to enter the promotion, you need to opt in for it and collect your prize draw tickets. For every £50 you wager on any game (except Bingo) you will get one ticket for the prize draw, during which 50 participants will be drawn and handed their respective prizes.

The second-placed player wins £350 cash money plus 50 Fair Spins on Rocky. 3Rd, 4th and 5th places all also get 50 Fair Spins on Rocky, plus £200, £125, £75 and £50 in cash respectively. Places 11 to 50 all get extra spins on the slot, in different amounts.

On top of all this, if the Haye and Bellew fight goes to the maximum 12 rounds, all players with at least one ticket will get 5 extra spins to play Rocky!

Full T&Cs apply. Winners will be notified on Wednesday 25th of April before 5 PM BST.

Source:

“Bellew vs Haye II: The Big Ticket Prize Draw”, bgo Casino Newsletter, April 17, 2018.

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8:03 AM

GAN opens digital marketing agency in Tel Aviv

Casino City Times

GAN opens digital marketing agency in Tel Aviv

GAN Digital will provide digital user acquisition and retention services to selected GAN clients worldwide.

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2:00 AM

Changes Afoot: Tropicana Atlantic City Casino Sold As Part Of $1.85 Billion Deal

Changes Afoot: Tropicana Atlantic City Casino Sold As Part Of $1.85 Billion Deal

In another change for Atlantic City's casinos, Carl Icahn has sold Tropicana Atlantic City hotel and casino as part of a larger deal that gives Tropicana Entertainment Inc. new owners.

The post Changes Afoot: Tropicana Atlantic City Casino Sold As Part Of $1.85 Billion Deal appeared first on .

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7:16 PM

Lucky Club Casino Live with Nuworks’ Lucha Muchacha

Latest Casino Bonuses

Lucky Club Casino Live with Nuworks’ Lucha Muchacha

Lucky Club Casino is all set to debut a new slot from Nuworks, and it’s just in time for Cinco de Mayo. While most like to use this holiday as an excuse to drink margaritas and eat tacos, some might like to top off their shenanigans with a chance to win big while spinning the reels of the Lucha Muchacha slot. Similar in theme to the famous Lucha Libre game, it features a wrestling theme with a Mexican flair.

Of course, the site couldn’t unleash a new title without pairing the release with an exclusive introductory bonus, a grand fiesta, if you will. Players are being given the opportunity to double up deposits up to $777, with 77 free spins on top! The bonus is currently up for grabs and is valid through May 15th. Use the bonus code, LUCHA, to claim.

Rather than a male character, this game is filled with some serious girl power, placing one fiery Latina in the ring; and she’s one force to be reckoned with. What you can expect when you take this game for a spin for the first time is quite a few features. Replicating wilds, wildly exciting Super Spins with the ability to trigger Wild Reels, and lucrative scatter pays lend themselves to the mix.

Score a series of Muchacha Free Games, during which wins are doubled. Three scatters are needed on the reels to initiate this feature, and spins may be re-triggered up to five times! The Super Spin Free games will begin following the first sequence of five.

Casino manager, Alex Hunter, commented, “This game’s Super Spins are sizzling hot! All those extra wilds and multipliers are going to make for some mucho grande payouts!”

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1:13 PM

National Indian Gaming Association chairman kicks-off Indian Gaming Tradeshow and Convention in Las Vegas

Casino City Times

National Indian Gaming Association chairman kicks-off Indian Gaming Tradeshow and Convention in Las Vegas

NIGA Chairman Ernie Stevens, Jr. welcomed attendees, tribal leadership, gaming professionals and industry leaders to network and recognize dignitaries and special guests.

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7:40 AM

Macau police detain one local over crypto coin launch

GGRAsia

Macau police detain one local over crypto coin launch

Macau’s Judiciary Police said on Friday that a male Macau resident had been detained for alleged involvement in giving false information designed to attract public subscribers to a cryptocurrency supposedly designed for use in transactions related to casino gambling. The cryptocurrency subscription referred to is reportedly a project from a company called Lantai Digital Application Technology Co Ltd, which confirmed – belatedly in the form of an apology on its website – having had a launch event for the subscription in the city on Tuesday.

Judiciary Police spokesperson Lei Hon Nei said at a Friday media briefing: “The Judiciary Police learnt from media reports on April 18 that the company that did the launch [of cryptocurrency subscription] claimed that their digital tokens can be changed into gaming chips and used worldwide, as well as be used in online gaming. The company also claimed that they had cooperation relationship with Macau junkets.”

Ms Lei added: “But we have not found any Macau junkets that have worked with this company regarding the developing of its cryptocurrency. We believe that there are people using false information to attract the public to subscribe to the so-called cryptocurrency that they claim is a cooperation project with Macau junkets.”

According to the police spokesperson, the Macau resident was detained on suspicion of involvement in a scam and of organised crime. The man – described at the briefing as a driver tasked with taking gamblers to local casinos – was sent in person to the Public Prosecutions Office for further questioning. At least 10 other people – suspected of the same offences – are still to be traced. Most of them are believed to be residents of mainland China, Ms Lei noted.

Several Macau junket operators have issued clarifications earlier in this week denying having either business relations or partnership with Lantai Digital Application Technology. The junket firms also said they would reserve the right to take legal action against any unauthorised use by it of their trade names and corporate logos for the purposes of marketing or promotion.

The Judiciary Police’s Ms Lei stated: “According to our investigation, this [cryptocurrency subscription] launch event was organised and hosted by more than 10 people. Their roles included the setting of the venue, and the purchasing of congratulatory flower baskets.” She noted that the 10 still-untraced individuals were involved in that process.

“At the launch venue, the names of some of local Macau junkets as well as some other mainland Chinese companies were written on the flower baskets. But these flower baskets were actually not sent by these junkets and companies,” the police spokeswoman added.

Ms Lei said the Judiciary Police advised anyone that had subscribed for the company’s digital tokens to contact the police, although she confirmed no one had so far filed a complaint.

Counter claims

Lantai Digital Application Technology – which describes itself as a Cayman Islands-registered firm specialised in information technology – issued a statement on its website on Thursday night saying that its effort for the launch event of its cryptocurrency subscription had been aided by a Macau junket firm called Venus Group.

Venus Group had been among the local junket firms that issued clarification statements earlier this week saying that they have seen unauthorised use of their company’s trade name at the Tuesday event. Venus Group also had said that it had not authorised any institutions or individuals to “settle dealings” on its behalf in cryptocurrency.

“The so-called clarification statement issued recently by Venus Group contains a malicious intent to direct the whole case [the launch of the digital token] onto Lantai…Lantai preserves the right to take action against Venus Group,” Lantai Digital Application Technology wrote in its Thursday statement. GGRAsia approached Venus Group on the cryptocurrency issuer’s claims, but had not received a reply by the time this story went online.

During the Friday press briefing, the Judiciary Police also said they would make further investigation into the claims made by Lantai Digital Application Technology relating to Venus Group.

Casino investor Landing International Development Ltd’s name had also been used in the promotion materials presented at the Tuesday launch. Landing International issued a filing to the Hong Kong bourse on Friday stating that it had no involvement or interests in any affairs of the Lantai-related entities.

“The group has not commenced nor engaged in any discussions with any Lantai entity in relation to any potential cooperative or business opportunities..,” Landing International stated in the Friday filing. The firm also said it is currently taking legal advice regarding the matter.

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1:40 AM

Atlantic City Casino Revenue Slips Again In March, But Summer Is On The Horizon

Atlantic City Casino Revenue Slips Again In March, But Summer Is On The Horizon

Four nor'easters lumbered through New Jersey in March, resulting in a decrease of year-on-year revenue for Atlantic City's seven casinos. But with summer comes Hard Rock Atlantic City and Ocean Resort Casino.

The post Atlantic City Casino Revenue Slips Again In March, But Summer Is On The Horizon appeared first on .

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7:15 PM

Macau junkets counter crypto coin firm’s biz claims

GGRAsia

Macau junkets counter crypto coin firm’s biz claims

Several Macau junket operators have issued clarifications denying having either business relations or partnership with a company that on Tuesday announced at a Macau event the launch of an investor subscription for cryptocurrency. Lantai Digital Application Technology Co Ltd had, according to reports in local Chinese-language media, stated at its Tuesday event that its digital tokens could be used for transactions in Macau casinos.

The Macau VIP gambling promoters that issued rebutting statements on either Tuesday or Wednesday included Suncity Group, Tak Chun Group, Meg-Star Group, Guangdong Group and David Group. Several said they would reserve the right to take legal action against any unauthorised use by Lantai Digital Application Technology of their trade names and corporate logos for the purposes of marketing or promotion.

On Tuesday Lantai Digital Application Technology reportedly said it had cooperation with “with several renowned Macau gaming groups”, and was planning to launch the use of its cryptocurrency in casinos in Macau, the United States and Singapore.

Following clarification statements issued by several of Macau’s junket firms, Lantai Digital Application Technology issued an apology letter on Wednesday on its official website, stating that it “had never reached cooperation agreements in any form with Macau’s gaming firms [sic]”, and that its “subscription of crytocurrency; its launch activity, trading and application” had no relation with the city’s gaming firms.

But Lantai Digital Application Technology noted in its apology statement that the trading of its cryptocurrency would continue. “We would like to express our deep apology to the affected gaming firms, and are willing to bear any losses incurred thereof,” Lantai Digital Application Technology wrote in the Wednesday statement.

A spokesperson for the Judiciary Police, Lei Hon Nei, said on Wednesday in a briefing – responding to media enquiries – that the police would investigate the matter, to see if any Macau laws had been broken, or if there had been any solicitation to engage in illegality. The Judiciary Police has so far received no complaints against the cryptocurrency issuer, Ms Lei stated.

GGRAsia approached Macau’s casino regulator, the Gaming Inspection and Coordination Bureau, regarding the matter. It referred us to statements previously made by the Monetary Authority of Macao warning that cryptocurrency was neither regulated in Macau, nor “a financial instrument subject to its supervision”.

“Regarding the recent media reports about the subscription of virtual currency conducted by a company in Macau, the Monetary Authority of Macao warns residents in general about the need to be careful about any frauds that may exist or with the possibility of being exploited for the practice of any criminal activity, since virtual currency is a ‘virtual commodity’, that is, it is neither a legal currency nor a financial instrument,” the Monetary Authority of Macao said in a statement on Wednesday night.

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1:37 PM