Amaya to Change Name to 'The Stars Group' and relocate to Toronto, Eventually

Amaya to Change Name to 'The Stars Group' and relocate to Toronto, Eventually

PokerStars' parent business Amaya has announced it intends to just take the name of its most child that is valuable. The online gaming company that's home to the entire world's poker site that is largest will call itself 'The Stars Group Inc.'

Amaya is going to be moving to Toronto and changing its name, marking a new era in the company's history, one with distance from its beleaguered founder and former president and CEO David Baazov.

The move seeks to capitalize regarding the brand recognition of its most asset that is famous and, possibly, distance itself from bad press surrounding former chairman and CEO David Baazov, who's embroiled in legal troubles.

Information associated with impending name-change was announced as Amaya delivered its Q1 financial report. Additionally revealed that the business would be relocating from Montreal to Toronto, a move that will let it 'more effectively manage its business affairs.'

Rising Tides

The company reported strong results in Q1, with overall revenue up 10 % on the matching duration final year, to $317.3 million. On the web poker now is the reason just 69 percent of the organization's revenue, instead of 75 percent a year ago.

This shift reflected the business's growing diversification, through its online casino operations and BetStars sports betting platform, more so than weakness in the poker market.

'We continued our momentum in the quarter that is first we execute on our strategy and reinforce the foundation for sustainable and diversified revenue development, including through the strengthening of our core administration team and operations,' Amaya CEO Rafi Ashkenazi stated regarding the conference call.

Adjusted EBITDA (earnings before interest, taxation, depreciation, and amortization) was up 22.3 percent on last 12 months, to $151 million, while net earnings rose 18.5 per cent year-on-year to $65.8 million.

Changing of the Guard

Company shareholders will vote later come july 1st on the name modification, at a forthcoming annual general meeting.

Ashkenazi gave no schedule for Amaya's proceed to Ontario, noting that first the ongoing company must find a new CFO. Current CFO Daniel Sebag, a close friend of baazov's, announced his intention in January to function ways with the company.

Baazov, the founder of Amaya, is due to face test in . Prosecutors accuse him of leaking information that is non-public Amaya's purchases of PokerStars and Full Tilt up to a close circle of friends and family so they really could benefit from illegal stock trades. All accusations are denied by him against him.

Last week, Baazov was outed due to the fact person that is unnamed an FBI complaint that suggested he made an illegal foreign governmental share as Amaya CEO to New York Gov. Andrew Cuomo's re-election campaign. FBI criminal charges against A us attorney representing Amaya at the time contend the illicit contribution ended up being an alleged appeal for favorable treatment in ny's coming on-line poker legislation.

Willy Wonka's $1 Billion Golden Lottery Ticket Challenges Imagination to Profit

Willy Wonka is the subject of the new $1 billion lottery that is multi-state from Scientific Games. We're willing to bet no body will win that much.

A new Willy Wonka-themed lottery game is marketing a $1 billion award, but the probability of someone winning that jackpot are longer than how many zeros in the reward that is advertised. (Image: Scientific Games)

Titled 'Willy Wonka Golden Ticket,' the scratch-off game brings the plotline of the famed 1971 film 'Charlie and the Chocolate Factory,' considering Roald Dahl's 1964 children's guide, to real life. However for lottery players to have a shot at winning the massive jackpot, first they need to reduce.

Currently offering in 11 states, the $10 tickets come with an instant prize that is top of250,000. To keep one's odds alive for $1 billion, the admission must be considered a bust that is total.

After scratching off the ticket, players can enter an online that is barcode of losing card that puts them into a drawing. An undetermined wide range of players will be arbitrarily selected for a free trip to Las Vegas next May, at which time they will compete for a slim chance at winning $1 billion.

Truth in Advertising

Scientific Games, along with the 11 states selling the Willy Wonka scratch-offs, are hyping the games as an opportunity for players to win infrastructure-level riches. But upon further examination, the lottery details reveal the chances of anybody actually winning the full billion might be greater than the chance of life in the world being annihilated by an asteroid.

'Truth In Advertising' is part associated with the US Federal Trade Commission's (FTC) oversight. According to the federal government agency's website, 'When customers see or hear an advertisement, whether it's in the internet, radio, or television, or any anywhere else, federal law says that ad must be honest, perhaps not misleading, and, when appropriate, backed by scientific proof.'

But, state lotteries are exempt from FTC laws, meaning their games have actually greater leniency in terms of telling the truth that is whole and nothing but the truth.

Get Nothing, Lose, Good Day Sir

Willy Wonka Golden Ticket is a good example of a shortcoming in the thought of truth in marketing. Contest details in the fine print tell a different story than the Willy Wonka Golden Ticket's marketing language, which declares, 'Introducing the BILLION DOLLAR CHALLENGE Second-Chance Promotion!'

Here's how it operates (in the lotteries' favor):

As soon as the randomly opted for vegas trip winners descend on Sin City, five will get fortunate 'Golden Ticket' envelopes and get to the 2nd elimination round.

Five new envelopes are handed to the finalists, with one receiving the 'Billion Dollar Finalist' ticket. The others spin a wheel, not unlike Wheel of Fortune, three times in hopes of winning up to $1 million.

The gold ticket finalist improvements where he/she must again find a more than luck.

First, the gamer must randomly pick a ticket-containing that is gold out of five. When they do, then they choose yet another envelope in a multiplier round. One envelope out of 15 has the required top multiplier.

As long as they still be on track for the $1 billion, they have been then presented with the option of using a $20 million annuity, or risking it all for step three. Here the player must choose the ticket that is golden of 35 envelopes. One provides the $1 billion prize, while the 34 others will award the player simply $2.5 million.

Therefore after seemingly luck that is insurmountable a player would have to risk $17.5 million in hopes of picking the proper envelope out of 35. Scientific Games thinks it could happen.

'we have been thrilled that one lucky player is planning to get a shot at winning up to $1 billion,' Scientific Games CEO Jim Kennedy said. Nevertheless the chances don't ever support a player selecting an envelope with $1 billion regarding the line. And that is the truth.

World Series of Poker Abandons nine Concept november

The World Series of Poker is ditching the 'nine' format november. It's an acknowledgment that today people are consuming and engaging with poker in very ways that are different they were nine years back, when the concept was introduced.

Last year's 'Nine' which will be the WSOP's last november. On Monday it was established that a broadcast that is new would embrace new ways in which viewers consume poker, such as through electronic and social media marketing. (Image:

The November Nine first appeared in 2008, designed to give the World Series a reality show feel, allowing audiences to follow the recorded shows, featuring action played on the summer, and to familiarize themselves utilizing the players during the build as much as the live final in the fall.

That meant that the nine players who made the final would need to wait three months, while ESPN's broadcast schedule swept up.

But as WSOP Executive director told PokerNews this week, social and digital media have changed the landscape entirely since 2008, and today a lot of people are acclimatized to receiving poker instantaneously through live channels.

Thus, the new format will be 'linear complemented by digital,' according to Stewart.

'It's a whole broadcast model that is new. Comprehensive same-day coverage will begin on Day 1A (July 8) and continue most of the means until the table that is final. Essentially, we have 'November Nine'-like programming for the complete extent for the tournament. So that the goal is always to build engagement each day, and core to this approach is the viewer's expectation to cover it down while engagement is high.

'Everything has its time and place,' he added. 'The world is much different than it was right back in 2008. At that time, most people consumed us only through the regular ESPN shows. So if your goal is to give poker minute, it made sense to leverage that audience promotionally in building toward the ultimate. Personal and electronic media have changed the landscape completely. We don't desire to swim upstream against people's attention spans.'

Poker Central and ESPN Receive Broadcasting Rights

The announcement came as Poker Central said it had obtained the global television and digital media legal rights to the event in a deal that is four-year.

Meanwhile, Poker Central has reached a four-year contract with ESPN, home of the WSOP since 2002, to broadcast the occasion from the very first day of the tournament, July 8 all of the method to the conclusion of the final dining table July 22.

The tournament cannot legally be broadcast real time, because of gaming regulation restrictions, and so may have a 30-minute delay.

Nine years ago, amateur Jerry Yang became the first winner of the November Nine final home that is taking8,250,000. Last year's winner, Qui Nguyen, whom won $8 million is going to be the final.

Connecticut Tribes Receive Support for Satellite Casino from Bureau of Indian Affairs

Two Connecticut tribes must be permitted to make a casino on off-reservation land in the part that is north-central of state. That's according towards the US Bureau of Indian Affairs (BIA), which recently issued a letter of support for the Mashantucket Pequot and Mohegan nations that are tribal.

Mohegan Chairman Kevin Brown (left) and Mashantucket Pequot Chairman Rodney Butler (right) are all smiles after the Bureau of Indian Affairs expressed support for the Connecticut tribes' desires to collaborate on a gaming facility that is new. (Image: AP)

The tribes are jointly petitioning the state for authorization to build a 3rd connecticut casino in East Windsor, a town just a few miles south of the Massachusetts edge. They do say the casino that is new vital to keep gambling dollars from moving north to MGM Springfield. The $950 million resort is under construction, and expected to open in nov 2018.

At issue is whether or otherwise not a non-tribal land casino, even one operated by the tribes, would break their own exclusive video gaming liberties in Connecticut.

The BIA describes in its letter that the federal agency doesn't make decisions or advisory assessments for state governments regarding the legality of tribal compacts. However, bureau officials did opine that the Mashantucket and Mohegans did not appear to be in jeopardy of violating current revenue-sharing agreements because of the state should Connecticut allow the satellite casino to move forward.

'Receiving this confirmation from the BIA provides a boost that is huge our task,' Mashantucket Pequot Tribal Chairman Rodney Butler stated in a statement. 'The choice now is simple. We can do absolutely nothing … or we are able to compete, and do right by the families that are hard-working our state.'

MGM Counters

MGM Resorts, the opponent that is strongest of plans for a third casino in Connecticut, argues that when the state would like to authorize one on non-tribal land, the bidding must be ready to accept the general public.

MGM Senior VP Uri Clinton told their state's Finance, income and Bonding Committee month that is last his business could be thinking about building a casino in the southern section of Connecticut. Some politicians called MGM's purported interest a bluff, saying the conglomerate that is nevada-based wants to protect the regional dominance it's trying to produce around its soon-to-be-opened Springfield resort.

Clinton was quick to dismiss the BIA page.

'This is not news, it's a hoax,' Clinton reacted. ' As the letter itself states, this is simply not preliminary approval or an opinion that is advisory. It's just another attempt by the tribes to pull the wool over people's eyes.'

Win for Tribes

Regardless of its merit, the BIA page offers the Connecticut tribes with rhetorical ammunition for persuading uncertain state legislators to aid their expansion efforts. And it comes down during the perfect time.

Just last week, US Sen. John McCain (R-Arizona) wrote his view opposing the third tribal gaming center. In his page, the longtime politician, who helped craft the Indian Gaming Regulatory Act (IGRA) in 1988, voiced concerns that the proposal would effectively void their state's current gaming compacts with all the tribes.

'As a principal author of igra, we have grave objections in regards to the apparent circumvention of over 25 many years of Indian gaming law,' the senator wrote.

If the tribes hope to have their casino that is new in to fight for customers headed to MGM Springfield, time keeps growing critical. Three days remain for the Connecticut General Assembly to pass an authorization bill prior to the legislature adjourns until next year.

Las vegas Hospital Installs Video Poker Machines to Help Parkinson's Rehab

You cannot get very far in vegas without bumping into a video poker machine, however now, it appears, they're setting up them in the hospitals. Or at least in one medical center.

Las Vegas' ubiquitous movie poker devices are now installed at the HealthSouth Rehabilitation Hospital for use in the rehabilitation of patients with motor-neuron infection. (Image:

Fox News reported this that the HealthSouth Rehabilitation Hospital has introduced two video poker terminals, not for purposes of entertainment, but to help with the therapy routines of patients who suffer from Parkinson's and other motor-neuron diseases week.

'What we know about gambling is the fact that it stimulates the cortex that is prefrontal that's an area associated with brain that could be damaged in a traumatic brain injury,' Sarah Tempest, a speech pathologist at the facility, explained Fox News.

'What we're actually trying to enhance using the games are executive-functioning skills,' she said. 'The things we are really addressing with which are attention, mental flexibility, self-regulation and working memory.'

A Uniquely 'Vegas' Solution

While the video-poker experience is really sedentary, the lobes that are pre-frontal essential to the mind's ability to orchestrate the movement regarding the human anatomy, plus the decision-making procedures of the game allow patients to relearn impulse control. It's a uniquely 'Vegas' solution to an issue.

Not everybody else is convinced. Psychiatrist and Fox Information contributor Dr Keith Ablow is concerned it might lead to gambling addiction.

'It's really important for the clinicians to inform the patients if they're planning to pursue this path, keep in mind you may have impulse control dilemmas,' he said.

Concern Over Dopamine Agonists

It's not the very first time that the 'gambling practices' of Parkinson's sufferers have now been discussed in the news recently.

There has been concerns that are growing a few of the drugs utilized to treat the disease can induce sex and gambling addiction.

Parkinson's is a degenerative condition characterized by the loss of nerve cells into the brain, which causes a lack regarding the chemical dopamine. This, in change, interferes with movement and co-ordination.

It's thought that around ten percent of people who're prescribed dopamine agonists as treatment can end up getting impulse control disorders that lead to personality that is drastic.

Dopamine agonists mimic the effect of dopamine in the brain to suppress the symptoms of Parkinson's, but a minority of users have ended up with impulse disorders, like shopping addictions, hypersexuality or gambling that is chronic. These have led to financial ruin, the destruction of relationships, and, in extreme case, imprisonment in some cases.

Medical care professionals have, in the last, been criticized for not fully understanding the potentially destructive side effects of the drugs, or of not doing sufficient to warn patients' families about possible alterations in their behavior.

Gamblit Gauntlet

Slots and simple games of chance are really a breed that is dying at least according to numerous video gaming specialists. The typical millennial doesn't seem as interested in the low odds category, favoring instead formats that utilize one's ability into dictating potential wins.

But longtime law in Nevada mandated that video gaming machines must offer equivalent odds for one player to your next. That changed in 2015 as soon as the Silver State approved 'flexibility in payout percentages or the outcome of a game as determined on the basis on nondiscriminatory factors.'

In Nevada, skill-based platforms have to have a payout that is minimum of 75 percent. Atlantic City adopted measures that are similar though payouts must be 83 % or higher.

Caesars was the very first major casino operator to partner with the gaming developer that is millennial-focused. Gamblit Poker and Cannonbeard's Treasure debuted at Planet Hollywood in Las Vegas in late March. Caesars then brought the games to the Linq and Paris aswell.

MGM Resorts reached a development deal with Gamblit previously this thirty days. The same two games discovered space on the floor inside the MGM Grand.

Caesars and MGM both state they'll expand the innovative formats into more casinos should the test period be considered a success.