Month P<span id="more-7765"></span>lainridge Park Casino Collects $18 Million in First

The Plainridge Park Casino had a very successful month that is first bringing much more than $18 million in revenue.

Massachusetts may nevertheless have a methods to go before it becomes a casino gambling powerhouse, but their very first entry into the field is off to a start that is good.

The Plainridge Park Casino, which features only electronic games, brought in $18.1 million in revenue during its month that is first of, though specialists cautioned that people numbers may decline a bit with time.

Critically, the profits suggest that approximately $9 million can become being created in income for state and local governments. That figure would put targets that are annual by officials well within reach.

‘The commission is pleased that these numbers indicate that Plainridge Park Casino is on track to produce their targeted selection of $86 million to $120 million annually in contribution to local help,’ stated Massachusetts Gaming Commission spokesperson Elaine Driscoll.

Revenues In Line With Projections

Officials had projected that the Plainridge location would create about $200 million in revenue annually.

The figures through the first month would go beyond that target by about 9 percent.

‘We are pleased with the July performance, which will be consistent with expectations,’ Penn nationwide Gaming’s Eric Schippers told the Boston Herald. ‘It typically takes three to 6 months through the period that is grand-opening begin to know market trends, so we’ve only now begun our marketing efforts in earnest.’

While that is cause for optimism, others have remarked that there might be reason to believe Plainridge’s long-lasting prospects are not quite so rosy.

Often there is the possibility that the casino that is first the state is seen as a novelty, and additionally, there are questions on how Plainridge will do when the larger resort casinos by having a wider variety of offerings are opened in a few years.

‘ One would expect Plainridge to prosper into the beginning, but whether that levels off is likely to be the question,’ Boston university gaming expert Richard McGowan told the Herald. ‘ whatever they require doing is build up some kind of loyalty to keep people coming back after MGM’s Springfield casino and Wynn Resorts’ Everett casino open along with the bells and whistles.’

The $9 million which was generated in tax revenue will go to city primarily and city governments throughout the state. In addition, about some of the money will support hawaii’s horse rushing industry.

Casino Makes Payments to Town

The casino has currently began to benefit the city of Plainville as well.

Last week, the casino signed over its first monthly check to its host community, part of $2.7 million in annual charges that will go to the town.

The giant, ceremonial check was made out for $277,000; typically, the monthly payments is for $225,000, but this first payment covered both the last week in June along with the month of July.

Effect on Local sales Seen that are lottery

Meanwhile, the Massachusetts Lottery continues to be worried about the possible impact regarding the casinos on its sales throughout the state.

Based on officials, there has been a decrease that is slight sales at places that are within a 15-minute drive of the Plainridge Park Casino.

‘We are still seeing strong numbers at retail agents such as convenience stores and gasoline stations that carry our products,’ said Massachusetts Lottery Interim Executive Director Michael Sweeney. ‘Where we’re seeing some early decreases in that zone are in more of your restaurant, bar, lounge-type of places.’

DraftKings to Expand into UK

Jeffrey Haas, the industry veteran who has been hired to oversee DraftKing’s worldwide expansion. (Image: pokerstrategy.com)

Day-to-day fantasy sports (DFS) site DraftKings announced this week this has received a permit from the UK Gambling Commission (UKGC) and intends to go live with A dfs that is uk-facing product the fourth quarter of the season.

Last month, the Boston-based start-up had been able to raise almost $300 million in funds to aid its planned worldwide expansion, with around $150 million of the originating from Fox Sports, for an 11 percent stake in the business.

DraftKings said so it plans to move into European countries, Asia, and Latin America during 2016, and has hired Jeffrey Haas, previously of PokerStars and bwin.party, to oversee the expansion.

‘DraftKings is well-poised for explosive growth internationally, and we am excited to lead their expansion efforts,’ said Haas, who can be based in the new London workplace. ‘Daily Fantasy Sports is a growing category outside North America, and we have tremendous possibility to engage activities fans throughout the world.’

New Concept for Brits

The move to the UK is a fascinating one.

The DFS concept will be a completely new one there while the country has one of the most developed gambling markets in the world.

DFS allows customers to bet on teams or recreations players within a given day, earning points on the basis of the performance of their picks. Users with many points at the end of the cash out day.

This is really a different prospect to regular fantasy activities, which offers games that generally last a whole period.

They are currently popular within the UK, particularly fantasy EPL soccer, although several UK that is major gambling provide them for the money.

DraftKings already provides everyday Fantasy Soccer, and will no doubt hone this product for the UK market, along with introducing more sports that are UK-centric such as rugby and cricket.

‘ We are going to add new recreations and games to our burgeoning roster of offerings and connect that is further to their favorite teams and players,’ confirmed DraftKings leader Officer Jason Robins. ‘We also welcome the opportunity to forge partnerships that are new leagues, teams and media outlets internationally as we have done with excellent success in the us.’

Will the UK Bite?

Whether DFS will have the kind that is same of effect as it did in the US, in a market where consumers are free to bet on real-life sporting outcomes, remains to be seen.

For several Americans, DFS is the closest they have to placing a legal sports bet, while for the British, who is able to place bets from their cell-phones at the touch of a button whenever you want of the time or night, it’ll be simply another gambling item, albeit a highly engaging one.

Exactly What’s clear is that while DFS operators in the US argue that their services and products are ‘not gambling,’ hence justifying their exemption from UIGEA, into the UK, and most likely somewhere else, there was no equivocation, and a complete gambling license is required.

Borgata Responds to Ivey Countersuit

The Borgata has filed a response to Phil Ivey’s countersuit in the ongoing drama that is legal his 2012 baccarat wins at the casino. (Image: Las Vegas Review-Journal)

The Borgata Hotel Casino & Spa in Atlantic City has responded to a countersuit filed by professional best pro club player names poker player Phil Ivey, saying that their destruction of cards used in his controversial baccarat sessions were damaged before the casino became aware that such a thing suspicious may have happened on those dates.

The response comes after lawyers for Ivey and Cheng Yin Sun filed the countersuit alleging that the Borgata had intentionally destroyed the cards to be able to undermine their defense.

The dispute is finished four sessions that took place at the Borgata over the length of several months in 2012.

Ivey and Sun played baccarat in A vip that is private area winning a total of $9.6 million from the casino throughout the visits.

Borgata Becomes Suspicious After Crockfords Incident

The Borgata paid Ivey their winnings without incident.

But when Crockfords, a casino in London, refused to pay Ivey after he likewise won millions playing baccarat using them, the Borgata took notice and sued Ivey in an attempt to recover their losses.

In both instances, the dispute is over Ivey’s use of a technique known as edge-sorting, one that is either an advantage play or a form of cheating, depending on whom you ask.

Interestingly, the known facts in these instances are hardly in dispute by either side; it is definitely a matter of just how those things of the casino and Ivey should be interpreted.

In the baccarat sessions, Ivey and Sun asked the casino to make use of a really certain set of playing cards manufactured by Gemaco. In addition they asked for that the games be played with a shuffler that is automatic.

The casinos agreed to these conditions, and were similarly compliant when Ivey asked dealers to make the high cards in the shoe 180 levels, ostensibly for superstitious reasons.

What they didn’t realize was that the Gemaco cards under consideration were imperfectly cut, allowing Ivey to identify which cards had been turned while looking at them face down.

Knowing whether individual cards were high or low had been enough to provide Ivey a substantial advantage over the casino. In one session that is particularly successful July 2012, Ivey won $4.8 million through the Borgata within the program of 17 hours.

Countersuit Alleges Deliberate Destruction of Evidence

The defendants filed a countersuit, saying that the case should be dismissed due to the fact that the casino had destroyed the cards used in the games after the Borgata sued Ivey and Sun. They also sought fees that are legal damages under laws and regulations related to the filing of frivolous lawsuits.

But in their response, the Borgata says that the cards were destroyed as a matter of due course, which took place before there was clearly any dispute throughout the baccarat winnings.

‘Some of the cards utilized within the play at issue in this situation were destroyed in the course that is regular of’s company operations, prior to plaintiff’s becoming mindful of defendants’ scheme and the defect in the playing cards, and pursuant to applicable regulations,’ the response read.

Attorneys for the Borgata also say that Ivey and Sun cannot recover damages due to their ‘fraudulent conduct,’ and state that the statute of limitations has expired in the allegations the defendants are making.

Ivey normally involved with a lawsuit that is similar Crockfords, in which he sued the casino in an attempt to force them to pay him his winnings. While courts initially ruled in favor of the casino, an appeal is expected to be heard later this year.

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