Archive for the ‘Slots’ Category

Global Gaming Expo Big Business in Las Vegas

Friday, February 28th, 2020

Avatar, the casino game, was revealed during the latest gaming that is global (G2E) in Las Vegas this week

Anyone who is anyone within the gambling industry could be found in Las Vegas this week; this is where the Global Gaming Expo is happening, a gathering of 25,000 attendees who’re all interested in seeing in which the worldwide gambling market will be headed over the next year.

Easing Up on Regulations Major Focus

At the conference understood as G2E there have been a true number of major issues discussed. United states Gaming Association leader Geoff Freeman noted that his biggest priority will be to push state regulators to unify and lighten the regulations up on the casino industry in the United States, in order making it easier for companies to innovate throughout the country.

‘Our industry is not allowed to update because of the environment that is regulatory’ Freeman stated. ‘That’s something we have to address. We want to be managed. Nevertheless, you will find places that it crosses the line and really affects innovation and makes us less competitive. Each new state that happens feels as though they need to turn the screws a little bit tighter than the one before.’

But before some of the numerous essential issues facing the industry could get attention, the meeting had been kicked off with a spectacular opening ceremony and all of the glitz and glamour that the realm of gambling has to offer.

Entertainment [more…]
→ read the rest of this posting

Could Atlantic City’s Boardwalk Also Catch Fire? It’s Many Times

Thursday, February 27th, 2020

This Atlantic City Boardwalk fire from 2009 is just one of many that have plagued the tourist attraction over the years november.

With casino revenues currently mainly in the toilet for nearly all Atlantic City’s land casinos, and the gambling town still recovering from last year’s devastation caused by Hurricane Sandy which shut down many of the city’s casinos for days the final thing this New Jersey city needed had been any proximity at all to just one more tragedy. Along with last week’s horrific Boardwalk fire in the Seaside Heights area maybe not directly attached to AC, but along the same 217-mile stretch of Atlantic shoreline that is frequented by lots of the same tourists and locals one can’t help but wonder if Atlantic City may likewise require an exorcist or to put bloodstream on its casino walls for a passover of the evidently ongoing plagues which can be being doled out from on high.

Or maybe, wooden boardwalks while charming when built 150 years ago are simply not really a safe building material within the world that is modern. Fire specialists are, in fact, now saying the destructive fire appears to have been an episode of arson, though the motivation is unclear.

More Damage after Sandy

Nj-new jersey’s Governor Chris Christie, upon visiting the fire scene that destroyed boardwalk that is many, referred to it as an ‘unthinkable situation’. It took a lot more than 400 firefighters and 3 [more…]

Amaya CEO David Baazov Charged with Insider Trading by Canadian Securities Regulator

Thursday, February 27th, 2020

David Baazov, CEO and major shareholder of PokerStars parent Amaya, happens to be hit with insider trading charges in Canada.

Bad Day for Baazov: Amaya CEO David Baazov vigorously denies costs he is guilty of insider trading in relation to the business’s takeover of PokerStars. The Quebec securities regulatory agency has charged the executive, along side others, of using privileged information in the weeks leading as much as the takeover of Amaya in June 2014.

The Quebec financial regulator, said today that he could face up to five years in prison and as much as $5 million in fines if proven, AMF.

The filing relates to allegedly suspicious trading patterns in the weeks leading as much as Amaya’s $4.9 billion leveraged takeover of PokerStars and Full Tilt in June 2014.

AMF filed penal proceedings against Baazov Wednesday morning, along with charges against two other individuals and three separate businesses. Baazov is facing five serious charges, including ‘aiding with trades while in possession of privileged information, influencing or trying to influence the marketplace cost of the securities of Amaya Inc., and communicating privileged information.’

Baazov Colleagues, Separate Business Entities Also Charged

Also accused are Benjamin Ahdoot, Amaya’s VP of government projects and a childhood friend of Baazov’s. Ahdoot and the Amaya CEO formed a computing company in the nineties, Vortek Systems [more…]