VIP Casino Bonus Bonus Offers, Free Spins + Casino Bonuses

Sunday, May 27, 2018

Matthew Waxman Wins WPT Tournament of Champions

May 27, 2018 0
Casino News Daily
Matthew Waxman Wins WPT Tournament of Champions

It started off with 80 former WPT Main Tour Main Event champions, but it was Matthew Waxman who outlasted that elite field to become this year’s WPT Tournament of Champions winner. The player claimed the title and the first-place prize of $463,375 after picking off a bluff from his heads-up opponent Matas Cimbolas.

Waxman and Cimbolas were two of the five players who returned for Day 3 of the prestigious tournament. Instead of playing that final day at Aria Resort & Casino, the remaining survivors switched venues and their final battle thus took place at the brand new Esports Arena Las Vegas at the Luxor.

Waxman entered the final day of action third in chips, while Cimbolas held the second largest stack at the time when cards were thrown in the air. The five finalists were led by Darren Elias, who won his record fourth WPT title just a few days ago.

The player maintained his momentum for a while, but then lost his chip lead to Waxman. Elias eventually busted in third place, thus missing the chance to win a back-to-back title and smash another record. He collected $177,060 in prize money.

Nick Schulman was actually the first player to leave the final table on Day 3. He was eliminated in fifth place namely by Elias. His share of the $1,365,000 prize pool totaled $89,290. David Benyamine went out in fourth, good for $123,045.

Heads-Up Action

Waxman was the player to set the two-handed match after he eliminated Elias in third place. The eventual champion entered heads-up as a chip leader with 2:1 advantage over Cimbolas. The first half of their duel saw chips swinging back and forth from one player to the other and vice versa.

Waxman then began to pull ahead of his final opponent until he took controlling advantage. On the final hand in play, the eventual champion check-called the three streets with [Qc][7d]. Cimbolas moved all in on the river with [10h][3s] on a [Kd][2h][Qs][4s][8h] board. Waxman quickly picked off his opponent’s bluff and called to claim the title and the largest share of the prize pool. Cimbolas exited the tournament in second place, good for $265,590.

As for Waxman’s first-place prize, it also includes a $15,000 seat into next season’s WPT Tournament of Champions, a luxurious Hublot watch, a JetSmarter membership worth $50,000, and the one and only WTP Tournament of Champions trophy.

Talking to WPT staff minutes after his triumph, Waxman said that it took him some time to decide whether he should play in the Tournament of Champions or not due to the high buy-in, the elite field, and the lack of much confidence in his game. It seems that he has made the right decision, though.

The event concluded Season XVI of the popular poker series. As mentioned above, it attracted 80 entries, including the winners from throughout the season and players who had won WPT titles during previous seasons. A prize pool of $1,365,000 was generated to be split among the top 10 finishers, min-cashes starting from $39,840.

The post Matthew Waxman Wins WPT Tournament of Champions appeared first on Casino News Daily.

Read More

MGM, Wynn tamp down Boston casino intrigue

May 27, 2018 0
Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...
Read More

The highest-paid CEOs by state

May 27, 2018 0
Las Vegas Sun Stories: Gaming
The highest-paid CEOs by state
The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between ...
Read More

Saturday, May 26, 2018

US Justice Department Investigates Bitcoin Price Manipulation

May 26, 2018 0
Latest Casino Bonuses
US Justice Department Investigates Bitcoin Price Manipulation
US Justice Department Investigates Bitcoin Price Manipulation

Bloomberg is reporting that the US Justice Department is preparing an in-depth criminal investigation concerning the big fluctuations of Bitcoin and Ethereum prices in the last 6 months. Bitcoin's story was one of ups and downs for a long time now and this prompted a full-on market manipulation probe. For this endeavor, the Justice Department will be assisted by numerous other agencies and helped by US Commodities Futures Trading Commission which has declared cryptocurrencies as such.

This investigation will concern such illegitimate practice and processes as spoofing, which influences the value of the currency and its price by placing false orders on exchanges that are then withdrawn. The increased volume of placing orders prompt people to buy and sell the currency in larger amounts. Another form of market and price manipulation is wash trading, which creates the illusion of increased market activity by having only certain members of the market trade the currency between themselves.

John Griffin, University of Texas finance warns against the risks in the market of digital currencies: “There’s very little monitoring of manipulative trading, spoofing and wash trading. It would be easy to spoof this market.”

Trading of cryptocurrencies is divided into a fragmented platform all across the globe, many of them unlicensed and unregistered. Due to the meteoric rise of Bitcoin in 2017 when it reached the value of almost $20,000 in December after starting out below $1,000 in January, thousands of people jumped on the investment bandwagon without being fully aware of what this entails in reality. Experts on the matter say that there are several key reasons why digital currencies are prone to fraud: huge price swings that makes valuations relative, a lack of regulations such as those that stocks have and skepticism regarding the idea that exchanges pursue cheaters.

Last week, Bitcoin fell below the $8,000 mark once again and the news of the investigation that broke out on Thursday further helped drop the cryptocurrency's value to below $7500. Its value has nosedived more than 20% since it peaked on May 4th. Despite that, cryptocurrencies still continue to be all the rage in some regions of the world and among the Bitcoin loyalists – but some countries like China and Japan have taken stern measures towards strict regulation or, in the case of China, a complete ban of cryptocurrency exchanges.

Source:

“U.S. Launches Criminal Probe into Bitcoin Price Manipulaton”, Matt Robinson and Tom Schoenberg, bloomberg.com, May 24, 2018.

Read More

NetEnt Appoints Therese Hillman As New CEO

May 26, 2018 0
Latest Casino Bonuses
NetEnt Appoints Therese Hillman As New CEO
NetEnt Appoints Therese Hillman As New CEO

Casino game developer giant, NetEnt, has announced on Tuesday that they've named Therese Hillman as the company's new CEO, effective immediately. The decision was announced by the Board of Directors after they've expressed satisfaction with Hilman's efforts and success as the company's acting CEO since former chief executive, Per Eriksson, was dismissed in March of this year. She served as the company's Chief Financial Officer since January 2017.

Prior to that, she was notable for working in the e-commerce industry for a decade and being a CEO of Gymgrossisten. Hilman, who has an M.Sc in Accounting and Finance from Stockholm School of Economics, was also a member of Unibet's Board.

NetEnt's Chairman of the Board, Fredrik Erbing, comments: ”We are pleased to appoint Therese Hillman as new Group CEO. Therese has a clear business focus and is an appreciated leader with great energy. NetEnt is pioneering the online gaming industry and is taking the next step to be at the forefront of business focus and innovation. With Therese’s abilities, we get the right person to lead the company in the next growth phase.”

Hillman was honored to be appointed as CEO of such a successful company and said: “It is with great enthusiasm, but also humility, that I am taking on the role as Group CEO of NetEnt. I look forward to drive the development of the industry together with our customers and employees and to deliver the best player experiences. This is how we can continue to create value for our customers, shareholders, players and employees.”

Source:

“Therese Hillman appointed new Group CEO of NetEnt”, netent.com, May 22, 2018.

Read More