World Gaming Expo

LVS sells Sands Bethlehem for $1.3b

WGE — Fri, 09 Mar 2018 11:39:14 +0000

Las Vegas Sands say it agreed to sell its Sands Bethlehem property in Pennsylvania to Wind Creek Hospitality for $1.3 billion.

Wind Creek is an affiliate of the Poarch Band of Creek Indians of Alabama.

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PokerStars signs with Casino Barcelona

WGE — Tue, 27 Feb 2018 15:38:41 +0000

Spain.- Further strengthening its commitment to the Spanish poker market, PokerStars has entered an agreement to sponsor Casino de Barcelona’s popular Campeonato España de Poker (CEP) live poker tour that will take place this year from February 28th to March 4th in Barcelona, finishing in Perlada, November 28th to December 2nd.

Jackpot of $1.23m win at downtown Las Vegas Casino

WGE — Thu, 22 Feb 2018 08:07:21 +0000

A guest of the Fremont in downtown Las Vegas hit a IGT “Wheel of Fortune” jackpot valued at $1.23 million, according to a statement from the hotel.

The Fremont guest, who is from Wisconsin, hit the jackpot about 6:40 a.m. Sunday. He made a $2 bet on the “Wheel of Fortune” Double 3x4x5x Pay game to claim the jackpot, the statement noted.

Portugal’s online gambling market closed out 2017 on a high

WGE — Sat, 17 Feb 2018 11:44:57 +0000

Portugal’s regulated online gambling market enjoyed record-high revenue in the final quarter of 2017, thanks to a surge in online sports betting.

Figures released Friday by the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body show the seven locally-licensed online gambling operators generated combined revenue of €36.5m in the three months ending December 31, 2017, nearly €10m higher than the same period last year and over €7m higher than Q3 2017.

Italy sets online casino revenue record

WGE — Mon, 12 Feb 2018 07:58:49 +0000

Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record.

Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion of that total was up 27.5% to €60.8m, dramatically outpacing retail betting’s 8.7% growth.

Wynn Resorts to build fourth Las Vegas hotel

WGE — Mon, 05 Feb 2018 09:01:41 +0000

On a day when his company announced record fourth quarter profits, casino developer magnate Steve Wynn announced plans to build a new Wynn Resorts hotel in Las Vegas.

The Wynn West, which will be located just across the street from the Wynn and Encore hotels, will be a 2,000-3,000 room hotel development on a 38-acre site that the company purchased in December for $336m.

Peek inside Resorts World Catskills, new player in Upstate NY’s busy casino market

WGE — Mon, 05 Feb 2018 08:51:44 +0000

Would you bet $1 billion to start a business in a market that experts call “over saturated?” Would you start that business knowing that all your recently opened competitors are failing to make the money they expected?

The people behind the Resorts World Catskills casino near Monticello in Sullivan County are taking that bet. They are opening the initial phase of their project Feb. 8, amid widespread reports that the Upstate New York casino market is “crowded” and “tough.”

London preparing for ICE Totally Gaming

WGE — Thu, 01 Feb 2018 06:39:36 +0000

This year’s edition of the annual ICE Totally Gaming exhibition is due to be held from February 6 to 8 at London’s ExCeL Centre and organizer Clarion Gaming has revealed that it expects the extravaganza to attract well in excess of 30,000 visitors.

The three-day ICE Totally Gaming 2018 is to see hundreds of firms from the casino, betting, bingo, lottery, mobile, online, social, sportsbetting and street gaming sectors showing off their latest and most popular wares. Attendees will moreover be able to attend a range seminars to gain insights from experts such as prominent British economist Sir Alan Budd, who is to provide the keynote address for the event’s Annual Regulators Luncheon.

What Is The Blockchain Lottery?

WGE — Mon, 18 Dec 2017 16:46:14 +0000

The lottery market as we know it is about to be blown apart. The age of lotteries operated by monopolies, with commissions, volatile values and unclear policies, is about to gain a major competitor. Enter Smartbillions, the first transparent and decentralized online lottery. Managed by Ethereum smart contract technology, it has its own blockchain lottery protocol, Quanta. With unrivalled payouts, all the tickets and lottery draw results are public. Information is recorded on the Ethereum blockchain, eliminating all risk of any 3rd party involvement.

SmartBillions Initial Coin Offering

The SmartBillions initial coin offering (ICO) commenced on 16 October 2017, gaining immediate interest from lottery players and currency investors. It provides an exclusive and secure investment opportunity. Together with that, it offers the protection of players funds with the unique lottery protocol. More than 7000 tickets have been played so far, with around 300 wins by players who correctly predicted the Ethereum block number hashes. With the target of becoming the largest lottery game in the world, we are about to witness some aggressive marketing competition.

Enjoy Dividend Payments

After the ICO, the income from tickets is retained by the smart contract, and any prizes are paid to winners. Token holders are also paid dividends every month, with 5% of the ticket sales assigned to this fund. The Development Team are only permitted to use 0.25 % of the jackpot value for marketing requirements every week. However, they are only allowed to do this if the jackpot value is higher than the total liabilities from unpaid winnings and the potential redemption of all the tokens in current circulation.

An Exciting New Lottery

All token holders receive a dividend payment every 16,384 Ethereum blocks, approximately every month, with funds allocated specifically to this payout. The revenue and transactions are public and cannot be interfered with by any third party. In addition, holders can redeem tokens at any time and receive back over 70% of their invested funds. This great feature alone reduces risks to an absolute minimum, in case there are any unexpected events affecting the lottery. SmartBillions is proving to be an exciting concept and a high value and secure investment option!

Sport Betting In Africa

WGE — Mon, 18 Dec 2017 16:45:02 +0000

Whenever you watch Africans playing sport, it is nearly always soccer, and millions upon millions of Africans are heavily involved in sports online betting. Released in 2014, a report released by PriceWaterHouseCoopers revealed back then already that the betting markets of just South Africa, Kenya and Nigeria alone with be worth a staggering $37 billion by 2018. Online sportsbooks are massively popular, accepting payments through well-known banking methods such as Visa, Mastercard, Neteller, Paypal and PaySafeCard. Africans are wild about sport with football having the most fans, followed by cricket and rugby.

Africa – A Very Lucrative Sport Betting Industry

Africans also place bets on other sports such as tennis, horse racing and basketball as well as other sports. The World Gaming Expo brings together gaming experts from all corners of the world to discuss ways to ensure the gaming industry, as well as iGaming in Africa, continues to be exciting and lucrative for players. Gaming leaders know that it is this African craze for sport that makes the African sport betting industry one of the most lucrative in the world.

Lenient Laws With Sport Betting

Betting companies are expanding into Africa because of the very lenient betting laws in nearly all African countries, with South Africa being the only country that actually regulates its gambling market. There are some African countries, however, where you will find a ban on sports betting. A typical example is the country Gambia, where gambling is illegal and the country has in fact banned every kind of gambling.

The gaming and casino experts at the WGE will discuss the use of mobile devices for gaming, knowing that the use of sophistical cell phones is on the rise in Africa and that more and more Africans are making use of their mobile phones so that they can be betting 24/7. In fact, African sport betting services have partnered with the top mobile phone operators so as to link mobile money services such as Orange Money with their sport betting products. In Africa, Betway is a sought after African online sports betting site as you can bet with just $1.

Know your Betting Regulations

If you are a resident in Africa, the best move is to make sure you understand the gambling laws in your country first. Once you know this, you can set up an account at the betting site and start placing bets on all your favourite sports. Online sports betting is legal, so African players can sign up at any African or offshore online sportsbook. In South Africa, the government doesn’t tax winnings on wagers placed on sports events.

Summary of Sports Betting in Africa

Africa is a massive continent with 54 countries and Africans need to do proper research on the sportsbooks out there. There are many factors to take into account before signing up and players should always take some time to check out reputability – licensing, fair play, customer care and privacy policies among others. Most online sportsbooks offer players who sign up with them, free bets. Gaming experts at WGE ensure they can offer betting odds on many events Africans love such as Super Rugby, the ABSA Premiership and others.