The penalty of success is to be bored by the people who used to snub you.
—Lady Nancy Astor
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| Peace comes at a cost |
Caesars Entertainment has paid the $1m fine it incurred after it attempted to influence the Indiana Gaming Commission (IGC) to come up with a favorable decision regarding the former’s acquisition of two Indiana casinos.
Caesars was all too eager to put its feud behind them.
The misunderstanding between Caesars and the IGC began when the former refused to pay the required $50m transfer of ownership fee after acquiring the Hoosier Park and Indiana Grand casinos. With the IGC not budging on its position to make Caesars pay the $50m fee, the casino operator warned that it will be forced to scrap its planned $90m construction of a land-based facility in the state. The IGC was not amused with Caesars’ threats, hence the fine.
Following Caesars payment of the seven-figure fine, the IGC has signed off the acquisition of the two gaming venues.
| FROM COINGEEK.COM |
Mastercard secures anonymous blockchain transactions patent
The payments giant, which has long criticized BTC and other cryptocurrencies, secured a patent for a system designed to process anonymous transactions on the blockchain.
| GLOBAL ROUND UP |
| ASIA |
Macau police placed 113 people in jail for offering loans to gamblers. The law enforcement action is said to be the largest single-case arrest made since the territory was turned over to China in 1999.
| EUROPE |
Czech online gambling market spikes after regulatory revamp
Total revenue of Czech Republic’s regulated gambling market for 2017 came to CZK39.8b (US$1.77b), up only 1.1% from 2016’s result.
Denmark’s online casinos drive Q1 gambling market growth
Online casino licensees generated gross gaming revenue of DKK1.52b (US$236.3m) in the first three months of 2018, an increase 8.9% from the same period last year.
| NORTH AMERICA |
A GamblingCompliance projection of the U.S. sports betting market showed that New York will generate $700 million in annual sports wagering revenues compared to Nevada’s $248 million record.
The online casino, along with technology partner Gaming Innovation Group (GiG), announced that it is now open for wagers following the opening of Hard Rock International’s new Atlantic City casino.
| WORD OF THE DAY |
Forwards — pertains to the count of how many times one of your email subscribers forwarded a message you sent them to someone else.
| PRESS RELEASES |
Pariplay enters Italian iGaming market with StarCasinò.it
The gaming technology provider has penetrated the Italian iGaming market following the integration of a range of branded and original casino content with StarCasinò.it, Betsson Group’s Italy-facing online casino brand.
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