Wednesday, October 26, 2011

James Packer Whacks Poker Machine Reforms - 27th October 2011

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James Packer, chairman of casino owner Crown, says proposed poker machine reforms will not tackle problem gambling.

Speaking at Crown’s annual general meeting in Melbourne this morning, Mr Packer said mandatory pre-commitments for high-intensity poker machines was not the right solution.

"We don’t have an issue with the federal government taking action against problem gambling, but it must be the right solution," he said.

"In my view, there is no evidence that introducing mandatory pre-commitment or introducing a one dollar maximum bet will be effective in tackling problem gambling, but it will hurt recreational players, and that will cost jobs and investment across the industry and cost the state government tax revenue used for essential community services.

"It’s not enough to identify the right problem, we need the right solution." Crown, which owns the Crown Casino in Melbourne and Burswood Casino in Perth, is concerned about problem gambling and always has been, Mr Packer said. "I believe no one in this country, or, in fact, in the world-wide casino industry, has done more to address problem gambling," he said.

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Sunday, October 16, 2011

WSOP Europe: Michael Mizrachi, Philippe Boucher Capture Bracelets As Championship Event Enters Day 1B - 16th October 2011

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As the €10,000 Championship Event of the 2011 World Series of Poker Europe enters its second Day One on Sunday, poker pros Michael “The Grinder” Mizrachi and Philippe Boucher captured the final two preliminary bracelets awarded on Saturday.

In the €10,000 Split Format No Limit Hold’em event, Mizrachi came back yesterday as a member of the Final Four who would determine the title. In his semi-final match against Roger Hairabedian, Michael slowly worked the heads up match to what was a startling conclusion. On the final hand of their matchup, Hairabedian flopped a set of fives on a J-8-5 board, but Mizrachi was able to best that by turning a straight with his 7-6 when a four found the turn. Once the board didn’t pair on the river, Michael Mizrachi was on to the final.

In the other semi-final match, Shawn Buchanan and Noah Schwartz battled it out for the right to face “The Grinder.” Buchanan methodically worked his way into a comfortable lead against Schwartz before getting him to commit his final chips with a mediocre offering. After a minimum raise from Shawn, Noah decided to make a three-bet stand for his last chips with only an A-5 off suit. Buchanan quickly called, tabling his pocket Kings, and once the board ran dry (albeit with a bit of a flush sweat), Shawn Buchanan was the winner of the match.

As predicted here yesterday, the Mizrachi/Buchanan battle was a fierce one, although Michael came to the felt with a 2:1 chip lead over Shawn. “The Grinder,” true to his name, was able to gradually add on to his lead over the two hours of play; nothing that Buchanan attempted seemed to work as his chip stack slowly slipped southward. The end of the tournament was particularly brutal for Buchanan as, holding an A-J against Mizrachi’s A-10, a ten came on the flop to flip the lead to Mizrachi. Turn and river deuces sealed the deal for the 2010 $50K Poker Players’ Champion, giving him his second bracelet in as many years.

1. Michael Mizrachi (United States), €336,008
2. Shawn Buchanan (Canada), €207,624
3. Roger Hairabedian (France), €112,092
4. Noah Schwartz (United States), €112,092

The final table of the €1500 Six Handed Pot Limit Omaha tournament seemed to be more of a sprint than a marathon, highly unlike major championship final tables. Chile’s Nicolas Fierro came to the final table with the chip lead, but it was a one man wrecking ball by the name of Philippe Boucher who stole the show.

After taking almost an hour and a half before the first player, Jack Ellwood, was eliminated by Boucher, the Canadian pro would then storm his way through the remainder of the field. He would go on to knock off the entire table on his run to the title, only pausing slightly during heads up play against Michel Dattani. On the final hand, Dattani would commit his final chips holding an A-A-J-7 against the A-Q-10-9 of Boucher. After the board ran 6-6-8-J-Q to give him the winning straight, Philippe Boucher would pick up his first WSOP bracelet in just under four hours.

1. Philippe Boucher (Canada), €124,584
2. Michel Dattani (Portugal), €76,982
3. Nicolas Fierro (Chile), €53,426
4. Alexander Dovzhenko (Ukraine), €37,529
5. Jared Solomon (South Africa), €26,676
6. Jack Ellwood (United Kingdom), €19,181

While these two final tables wrapped up action, the first Day One of the €10,000 Championship Event was in play. 310 players eventually wound their way to the tables in the battle for the next WSOP Europe Main Event championship, guaranteeing that this will be the biggest Championship Event in the history of the WSOP Europe. Last year’s total number of players was “only” 346 and the record field for the tournament was in 2007 and 2008, when the tournament drew 362 players.

At the end of Day 1A, 173 players remained, with Jamie Rosen holding the chip lead with 162,700 in chips. Notable names in the Top Ten include the U. K.’s Chris Moorman and Erik Friberg, but there are threats looming down the leaderboard. Two time World Champion Johnny Chan is just off the leaderboard in eleventh place with 108,350 in chips, while Ramzi Jelassi, 2011 WSOP November Niner Ben Lamb, Carlos Mortensen, Will “The Thrill” Failla, Chad Brown and Arnaud Mattern are just some of the names in the Top 25.

Day 1B is currently in play, with 165 players stepping up for the action on Sunday. Some of the players who have made early moves during Day 1B include 2010 WSOP November Niner Filippo Candio, Robert Mizrachi, Tommy Vedes, Shannon Shorr, Bryan Devonshire, Sandra Naujoks, Mike “Timex” McDonald and Bertrand “ElkY” Grospellier. Defending World Champion Jonathan Duhamel, Men “The Master” Nguyen, Jean-Robert Bellande and Sorel Mizzi are all below their starting stacks, with “The Grinder” and Steve Billirakis two of this year’s WSOP Europe bracelet winners already eliminated from the tournament.

Final numbers for the Championship Event aren’t in yet, so the prize pool hasn’t been determined or the first place prize. However it plays out, the 2011 World Series of Poker Europe has been a record breaking schedule with its final stories yet to play out. (Credit: Poker News Daily)

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Friday, October 14, 2011

Sunday, October 09, 2011

MGM Resorts Online Game to Attract New Customers - 5th October 2011

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MGM Resorts International is moving into social gaming in an effort to attract more gamblers to its casinos, said MGM Chief Executive Jim Murren at casino industry conference last Wednesday.

The firm fully expects to soon announce a new social media game, he said, that would be along the lines of Zynga Inc.'s popular online game FarmVille. It would allow players to pretend to be casino moguls, he said.

The game-playing industry and gambling industries, he said, "are on a collision course."

Murren was speaking at the keynote address Wednesday at a conference entitled the Global Gaming Expo.

Murren didn't provide more details about the plans. Among hospitality companies, Marriott International Inc. has created an online game that allows players to manage a virtual hotel restaurant. Marriott's game is designed to be an employee recruiting tool rather than for acquiring customers.

Murren indicated MGM's game would be for trying to grab new customers.

"The demographics of (online) gamers are really right in the strike zone of the gaming industry," Murren said, pointing to the connection between non-gambling gamers and gamblers.

MGM is also among several large casino companies pushing hard for Internet gambling to become legal in the U.S.

MGM generates most of its revenue from casinos on the Las Vegas Strip and also owns around half of a casino in the robust gambling enclave of Macau. The company's stock price has lost nearly half its value since July on concerns of the U.S. economy and, more recently, concerns about a slowdown in growth in China. The company is still carrying a massive amount of debt.

Murren has consistently been among the most upbeat among gambling operators regarding the future of Las Vegas, even in depths of the recession of a couple years ago. He said he sees a wide gulf between what he thinks the company's stock price is and actual financial results and outlook.

"I turned my Bloomberg off about three weeks ago," Murren quipped.

After a deep downturn, both MGM and Las Vegas as a whole have shown signs of sustained but slow improvement in gambling revenue this year. Still, some observers are concerned by continued bad economic signs.

"We have exceeded our forecast and that of the street the last two quarters and had a nice third quarter as well," he said. "The market is valuing us about where we were three years ago in the teeth of recession and it just doesn't connect with me because we don't see anything inside our business that would suggest that that is accurate."

The company is optimistic about growth in Macau, he said, and has developed designs and plans for a new casino there. MGM and other casinos are awaiting government approval for their new projects.

His comments about Macau echoed those of Michael Leven, president of competitor Las Vegas Sands, who on Saturday said at a conference in Las Vegas that the company doesn't see negative signals there despite investor concerns.

MGM is also working on developing around 20 non-casino projects throughout China, Murren said.

Media Man is following up.

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Wednesday, October 05, 2011

IGT and Aristocrat settle patent lawsuits

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American computerised gaming equipment designer and manufacturer International Game Technology (IGT) has settled a trio of patent litigation lawsuits with Aristocrat Leisure Limited.

Land-based gaming machine manufacturer Aristocrat Leisure is based in Sydney and sued IGT in the United States District Court for the Northern District of California in 2006 regarding patents related to multi-level progressives such as its Hyperlink product.

In 2010, IGT filed a patent lawsuit against Aristocrat Leisure in the United States District Court for the Central District of California regarding the authentication of software in slot machines while a third suit initiated later that year was brought before the Federal Court of Australia, New South Wales District Registry by the Australian firm concerning a patent related to a side bet slot feature.

IGT stated that the pair have now cross-licensed their patents giving both the right ‘to offer all the products that were the subject matter of the litigations subject to certain royalty obligations’.

“IGT is pleased that we were able to reach an agreement with Aristocrat Leisure and put these disputes behind us,” said Robert Melendres, Chief Legal Officer and Corporate Secretary for Reno-based IGT.

“This settlement confirms and reinforces the importance of intellectual property to IGT and this industry.”

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Monday, October 03, 2011

Virgin Gaming: Call of Duty Elite 'not a threat'

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The Battlefield 3 Worldwide Conquest Tournament helps EA compete with Call of Duty Elite, Activision’s social service which also includes a competitive gaming element with prizes up for grabs, according to Virgin Gaming.

“We don’t view Elite as a threat,” Virgin co-founder Zachary Zeldin told the press.

“We view it as one of the top industry leaders taking notice of what Virgin Gaming is doing and trying to implement it themselves. Which is great. We wish them nothing but success. I wouldn’t be surprised if Activision was a part of Virgin Gaming next year.

"We are very excited to see how Elite is going to do and how the community is going to receive it, are they going to view it as too hardcore? Or too expensive? It is going to be trial and error for Activision in the first year and I am excited to see it.”

The company says it has hit the jackpot with its official $1.6m Battlefield 3 gaming tournament.

The online competitive games specialist claims its EA deal has opened doors for them, helping the outfit score major clients such as 2K Games, THQ and Codemasters.

The company will give away some £2.6m in prizes to its members over the next 12 months. And it promised that its service can help sell DLC and keep developers’ games out of the pre-owned bins.

“When a company like EA trusts you with their $1bn IP, people see that and say ‘If EA is willing to do this then they must know something we don’t,’” said Virgin Gaming co-founder Zachary Zeldin.

“We have been teaching developers about how we can be beneficial to their game, how we are going to keep users engaged in their product more, how we can roll out DLC for them and help sell more of this extra content, or how we can keep their games out of the second-hand shelves for six months longer.

“If Battlefield has a map pack that EA wants to release, we can run a $50,000 or a $100,000 tournament specific to that map pack. So now they have to buy that map pack.

“We are helping that community evolve.”

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