World Poker Tour Signs Asian Licensing Deal with Ourgame Overseas
The MGM Grand Sanya has hosted the WPT National China poker competition for days gone by three years.
The entire world Poker Tour is using steps to increase its presence in Asia by signing a licensing and agreement that is promotional Ourgame International.
Ourgame and the WPT have previously worked together in days gone by, including having partnered generate the WPT National China poker tournament.
Ourgame is an online card and board game company with a strong presence in many Asian areas.
The philippines and Vietnam under the terms of the agreement, Ourgame will have the exclusive right to use the WPT logo and trademarks in over a dozen Asian nations, including China, Hong Kong, Indonesia, Korea, Macau, Malaysia, Taiwan, Thailand.
The offer also incorporates a non-exclusive deal for Japan. The licensing agreement shall be in effect for seven years.
WPT Hopes to Expand Footprint in Asia
‘The World Poker Tour did hard to expand its footprint throughout Asian territories over the final years that are few much success,’ said WPT President Adam Pliska. ‘A big part of this success was centered on our strong partnership that is working Ourgame, who established WPT National China at MGM Grand Sanya.’
‘By dealing with Ourgame to expand the WPT brand in Asia, we are assuring that the recent strong growth of the WPT in the region will continue for many a long time,’ he included.
The ability to use one of the world’s most powerful poker brands as they work to expand their reach through the region for Ourgame, the move gives the company.
‘As Asia’s leading card and board game platform, we are extremely pleased to have discovered a great international partner in the World Poker Tour, as we start to expand from China to Asia,’ said Ourgame CEO Frank Ng. ‘Over the previous three years, we have worked together to maybe not just establish WPT National China as certainly one of the largest and many influential poker events in Asia, but also introduced world-class poker tournaments to the fast-expanding Chinese poker community.’
The WPT’s brand and global experience would have been a significant asset to us that we will together achieve much more success in Asia. once we expand overseas, and we have every self-confidence’
China Could Be Major Development Market for Poker
Asia, and Asia in particular, are required to be growth that is big for poker in the coming years.
Which will come being a surprise with a, considering the restrictive gambling laws and regulations in place in mainland China that normally send Chinese gamblers to Macau or other destinations whenever they want to place their bets.
Nevertheless the WPT has handled to launch one or more major poker competition on the mainland, one that has quite an interesting story behind it. For the time that is long Asia didn’t have much of the poker scene, at least not just one that played the kinds of games you would find at the planet Series of Poker.
Instead, Chinese gamblers played a game understood as tractor poker, a two deck game with jokers in which players tried to win tricks, as in bridge or spades.
Wanting access to China, the WPT successfully won a license to televise the National Tractor Poker Tournament in the country starting in 2007. Across the time that is same Macau casinos began offering Texas Hold’em and other customary types of poker, raising interest in those games through the entire region.
In 2012, the WPT ended up being provided permission by the China Leisure Sports Administration to change their tournament to a hold that is no-limit format: a change that has now remained in spot for the last three years.
Nevada Soccer Stadium Approved by City Council
An artist’s rendition of how the finished Las vegas, nevada soccer arena may look. The record handle foe the Las Vegas activities books during the World Cup suggests there could be a huge appetite for soccer in Las Vegas. (Image: ftw.usatoday.com)
Major League Soccer in Las Vegas moved one step closer to your objective line this as the Las Vegas City Council voted 4-3 to approve subsidies for a controversial $200 million stadium project that hopes to entice the sport to the city week.
The City Council has agreed to contribute $25 million towards the construction for the venue that is 24,000-seat Symphony Park, plus a further $31.5 million on improving infrastructure at the web site.
Meanwhile, the developers will contribute $133.5 million toward construction costs and will cover the expense of acquiring the franchise, which is expected to top $100 million.
According to, Justin Findlay, managing partner of co-developers Findlay Sports and Entertainment, the stadium would take 18 to 24 months to construct.
Should Las Vegas not be chosen by MLS being an expansion group in advance, the stadium wouldn’t be built.
Despite a real wish to have a major league team in Las Vegas, reactions to the thought of a soccer team have been mixed, primarily due to concerns about the fee to the taxpayer, and maybe partly because People in america aren’t completely sure whether they love soccer enough yet, a factor that could affect the profitability associated with venture.
However, the nevada recreations books will always a better indicator of the mood that is public the matters than any survey ever could be, and the record handle taken at the World Cup in June indicate a Las Vegas appetite for soccer, and betting on it, is huge.
The activities books reported the biggest handle ever recorded throughout the thirty days of June, usually the slowest period of the year. Some large sports books in the Strip even reported ‘NFL Football-like’ crowds watching Team USA matches.
The City Council has been negotiating the stadium deal with development partners Cordish Cos. and Findlay Sports and Entertainment since last might, nevertheless the concept of a downtown stadium has been around the pipeline for a long time, and Mayor Carolyn Goodman, one of its most vocal proponents, said it’ll produce jobs and improve development that is economic.
‘ Our charge would be to help the downtown sustain a viability as a spot in the future to,’ she said. ‘We’re ahead thinking and none of us like the status quo. You can’t go backwards.’
MLS was quick to issue a statement praising the council’s choice. ‘We applaud Mayor Goodman as well as the Las Vegas City Council for approving the measure to support a public-private partnership to build a fresh soccer stadium in downtown Las Vegas,’ it stated. ‘We look ahead to continuing our talks with all the Cordish business and Findlay Sports & Entertainment regarding a potential expansion team for Las Vegas.’
And it may possibly not be the only real sports that are major winging its means to Las vegas, nevada soon.
MGM Resorts International is understood to be in initial talks having a team that wants to bring a nationwide Hockey League Team to Las vegas, nevada to play at its $350 million sports that are new.
The MGM-AEG that is 20,000-seater Arena currently under construction behind ny nyc and it is expected to be finished in early 2006.
Sam Nazarian Granted Gaming License Despite Checkered History
Sam Nazarian, who was awarded a gaming license by skin of his teeth; nevertheless he must have nothing to accomplish aided by the running that is day-to-day of casino. (Image: jewishbusiness.com)
Sam Nazarian, the person who redeveloped the Sahara in to the boutique casino hotel SLS nevada, had been awarded a restricted gaming license on Thursday after a grilling that is three-hour the Nevada Gaming Control Board about his private life and business deals.
The LA nightclub mogul was expected to be refused a license following disclosures during a recent routine hearing that he had lied about cocaine use and had made around $3 million in payments to a man called Derrick Armstrong, a shadowy figure with a criminal history.
A few of this money had found its way to convicted racketeering criminal Suge Knight, the founder of Death Row records, investigators discovered.
In one particularly surreal minute during Thursday’s hearing, Armstrong really turned up demanding to address the Gaming Commission himself, but was arrested beyond your building on suspicion of grand theft and passing bad checks.
As ladbrokes casino mobile app owner of a ten % stake in SLS, Nazarian is necessary by law to possess a license that is gaming as does anybody who owns more than 5 per cent of the casino in Nevada.
Three of the four-member Control Board panel said they had initially prepared to deny a permit but softened their stance during the hearing, awarding a one-year limited gaming permit with a raft of conditions, certainly one of which stipulated that Nazarian must refrain from involving himself within the day-to-day management of this casino.
He also needs to go through drug-testing that is regular.
Nazarian apologized to the Control Board for his dishonesty about his drug-taking and admitted previous use of ecstasy, cocaine and cannabis in which he is looking for help from a substance abuse specialist in LA.
‘It’s maybe not been easy looking into the mirror,’ Nazarian told the hearing. ‘I apologize to your video gaming agents for not candid that is being. I also apologize to the board users. ‘My parents are disappointed, however they are extremely supportive,’ he added.
The Nazarian family, which left its native Iran for the united states in the wake of the Iranian revolution, is among the richest Mizrahi Jewish families in the planet, with an estimated fortune of $2 billion.
Nazarian stated in a previous hearing that his relationship with Armstrong, who was convicted of medication offenses and money laundering, was based on extortion.
Nazarian said he met Armstrong in 1999 as he employed him to personalize his assortment of exotic vehicles.
Armstrong then borrowed money from Nazarian to open car shop, before demanding $1 million more while threatening to damage or embarrass him.
Nazarian reported the threats to the police in 2005 but continued making payments up until 2013.
‘All I request is a possiblity to regain your trust,’ Nazarian said. ‘You’ve got my commitment, and i am sorry for the mistakes we made.’
‘I want the board with this investigation to drive you crazy,’ responded Tony Alamo, chairman of Gaming Commission, who admitted this he had ‘never been this close’ to a vote for denial in six years in the task. ‘I think during this period that is limited’ve given you enough rope to hang yourself.’
Gaming Commissioner John Moran Jr said: ‘I’ve heard you today and you swayed me a little. I desire to put enough conditions for you so you never screw up.’