Oct 17

Live dealer casinos in Latvia could face hefty fees in 2018.

There are only a select few cities where the world’s live casino studios have historically chosen to set up shop. They are generally regions known for minimal taxation and other benefits to business owners. One of the most famous among them is Riga, the capital of Latvia and largest city of all the Baltic states in Northern Europe.

Riga hosts live dealer studios for two of the largest live casino operators in the world, Evolution Gaming and Playtech. Evolution opened its first live dealer casino in Riga in 2006. Playtech launched its first Latvian studio in 2009. That studio was replaced earlier this year by a new studio in Riga Old Town (pictured below), the largest in the world at a rival-dwarfing 8,500 square feet.

Playtech's new Riga Studio for Live Dealer CasinosThese two operators are now raising concern over potential Latvian taxation of the live gaming market. Parliament issued their approval of incorporating a new licensing fee aimed at live casinos. The specific details of the proposed fees are not yet known, but it could go into effect as early as January 1, 2018.

Latvian Tax on Live Dealer Casinos

According to a report that surfaced on iGamingIntelligence on Friday, “The government of Latvia plans to impose new fees on live dealer casino games broadcast from the country”.

If that’s the case, it could have a significant impact on the profit margins of Evolution Gaming and Playtech. The studios run by these two companies make up a substantial margin of the live dealer gaming market throughout much of Europe.

The report indicates Latvia’s intent to implement the new live casino fee in 2018. However, as Evolution Gaming pointed out in a company notice, the tax reform measure is not set in stone just yet.

Parliament May Reconsider

For the moment, the imposed fee may still be up for debate. Evolution Gaming is of the belief that it could be thrown out before the year is over. Whether that’s wishful thinking or not, they do have a solid reason for their stance.

The tax hike was proposed to the Parliament without the consent of Latvia’s Cabinet of Ministers. In fact, the Cabinet, as well as industry stakeholders, all advised against the concept of laying new fees upon their live studio operators.

An Information Publication provided by Evolution to their stakeholders reads:

The Latvian parliament has decided to implement a fee, starting next year, for Live Casino tables that are being provided from the country. As Evolution runs a studio in Riga, the company may be comprised by this fee. The decision has been made by the Latvian parliament against the recommendation of the government and several other stakeholders, and there is still a possibility that it will be changed.”

The notice went on to explain that licensing fees are nothing new to Evolution Gaming. The company “regularly manages new regulatory propositions and changes”, with existing licensing fees being paid in various markets already.

Evolution assured its investors that, in the greater scheme of things, “the planned fee is not assessed to substantially impact the company’s position”, should Latvia go ahead with the imposition come 2018

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Oct 09

UK hosting national campaign to teach people how to play casino games responsibly, and how staff members can recognize at-risk behavior.

Hot to Play Casino Games ResponsiblyThe gambling industry is immense, spanning both live and online markets all over the world. Casino games, poker, bingo, sports betting – all of these businesses are thriving. It’s a multi-billion dollar industry that’s good for operators and beloved by players.

As more governments recognize the benefits of gambling – predominately the advantages to their own coffers – they’re also aware that that, alongside the rise of gambling activities, is a rise in gambling addiction. And in order for governments to responsibly generate much-needed tax revenue from the industry, they must, in turn, enforce stronger promotion of social responsibility among operators and gamblers.

Problem gambling is an issue that afflicts a small percentage of players from every city, in every country, on every continent around the planet. The United Kingdom has one of the most stringent gaming regulatory regimes in the world. As such, it’s not surprising that it’s become one of the first to host a nationwide campaign to deal with this growing problem.

It’s not just that some gamblers are unable to control their behavior. The UK requires all employees of gambling properties to be trained to recognized at-risk behavior. They are further trained in how to properly deal with a situation once recognized. But according to recent reports from the UK Gambling Commission (UKGC), existing training methods are insufficient.

To help deal with the problem, the Industry Group for Responsible Gambling (IGRG) is hosting a program called Responsible Gambling Week. The campaign will span 29 cities, covering all major sectors of gambling throughout Great Britain.

Responsible Gambling Week, Sheffield Oct. 13-15

The next event will take place in Fargate, Sheffield from October 13-15. A total of 87 gambling venues in Sheffield, including arcades, bingo clubs, bookmakers, casinos, and even online gambling websites, will take part in the event. Properties like Mecca Bingo and Napoleon’s Casino Club, will participate in the dissemination of highly visible banners, leaflets, posters and other information about responsible gambling.

Employees of each gambling facility will receive extended training in awareness and tactful diffusing of at-risk situations. Gamblers will able to get information on how to play casino games and other betting activities responsibly. All will be encouraged to participate in conversations about the issue, on a 100% free, educational basis.

Nationwide And Beyond

Absolutely anyone is welcome to take advantage of the information points in Sheffield and other areas across the UK as the campaign spreads. Other countries are encouraged to take notice, and hopefully promote similar responsible gambling awareness programs throughout their live and online gambling markets.

The IGRG is working in tandem with other highly respected organizations that specialize in the recognition, treatment and prevention of problem gambling. Such partners include GamCare and GambleAware, two charitable societies that have spent years promoting responsibility among players and operators. These institutions will be hosting live interactive Q&A sessions and online chatrooms throughout social media venues (Twitter and Facebook) throughout the campaign.

“Public engagement is one of the twelve priority actions identified in the National Responsible Gambling Strategy,” said NRGS Chairman Sir Christopher Kelly. “We need to learn from the experience of consumers and their families, and to use this to make gambling safer.”

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Sep 28

Surfaced report indicates BC online casinos are better regulated than the land-based variety.

BC Online Casinos More EfficientLast week, it was discovered that a report dating back to 2016 had been intentionally buried. That report indicated millions of dollars in possible money laundering had taken place through the River Rock Casino Resort in Richmond, British Columbia.

The document, produced by a third party accounting firm, never made its way into the hands of Financial Transactions and Reports Analysis Centre (FINTRAC). BC gambling regulations require all casino transactions of $10,000 or more, and/or those deemed suspicious, to be reported to the province’s financial watchdog.

In this case, River Rock Casino accepted $13.5 million—all $20 bills—during the month of July 2015. When BC’s new Attorney General, David Eby, got hold of it, he immediately exposed the report.

Eby revealed that the document, scribed by accounting firm MNP, indicated “a series of serious recommendations for reform, which should have been made public at the time the report was complete”.

BCs former Liberal government chose not to do that, instead burying the report. Following Eby’s probe into the matter, he said it caused him “to believe our province could do more to combat money laundering at B.C. Casinos”.

FINTRAC Now Investigating the Matter

FINTRAC said this week that it “is reviewing the report, on which it was not consulted, to determine whether any action on its part is appropriate.” The financial watchdog is capable of imposing up to $2 million in fines, and up to 5 years in prison, against any entity that fails to report potential incidents of money laundering.

Clearly, the regulations on the books are not being followed. As for who’s to blame, that’s up to FINTRAC to decide. River Rock Casino did report the $13.5 million that came in. It was reviewed by the accounting firm, and retrieved by the BC government in 2016. FINTRAC was, incidentally, left out of the loop.

BC Online Casinos Much More Efficient

BC’s very own, provincially regulated internet gambling website, PlayNow.ca, limits the amount a player can deposit within a given week. Players are also limited in the amount they can have in their account at any given time. If an account exceeds this limit for more than 72 hours, the operator can instantly issue a withdrawal.

The actual amounts upheld by these limitations are not static, and can be altered on a situational basis. However, players are never permitted to deposit $10,000+; an amount that would trigger an instant investigation and subsequent report to FINTRAC.

Online casinos regulated by offshore jurisdictions maintain similar standards with the sole purpose of thwarting money laundering. In fact, players of reputable online casinos are restricted to withdrawal limitations that could scale anywhere from $3,000 to $9,000 per week.

The only exception to the rule applies to a player who triggers, perhaps, the Mega Moolah progressive jackpot for over $1 million. They would be permitted to claim the full amount without delay.

As such, today’s criminal money launderers do not target internet gambling websites. At least, not the reputable ones who are regulated in upright jurisdictions such as the UK, Gibraltar, Isle of Man and Malta. Many of these operators are included in the category of BC online casinos, so long as Canadian residents are accepted.

We are all well aware that land-based casinos love their VIPs, and are all to happy to welcome players with million dollar bankrolls. Some of them are affluent tycoons with too much time and money on their hands looking for a good time. Unfortunately some are criminals looking to launder dirty money.

If the BC government truly wants to prevent money laundering, perhaps they should take a page from their internet-based counterparts. Or, at the very least, restrict players from depositing $10,000+ in cash.

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Sep 22

Antigua PM implores United Nations to uphold a $270+ million WTO ruling against US following Hurricane Irma’s decimation of Barbuda.

Barbuda Decimated by Hurricane Irma

Three weeks ago the small, 62 square-mile island of Barbuda was the beautiful, well established home of more than 1,800 residents. One week later, its population was reduced to 0. With Hurricane Irma looming, Antigua enforced a mandatory evacuation of the smaller island. It was clearly the right move as Barbuda was utterly decimated; 95% of its infrastructure destroyed or severely damaged.

On Thursday, September 21, the Honourable Gaston A. Browne, Prime Minister of Antigua and Barbuda, gave a national statement at the 72nd United Nations Generally Assembly. He spoke passionately of the infernal destruction that’s befallen his homeland, and the ultimate crisis left behind.

The Reality of a Devastating Situation


“On September 6th, my small, two-island State, Antigua and Barbuda, was the victim of the ferocity of Hurricane Irma, the largest storm ever endured in the Atlantic in human history,” Browne’s voice rang haltingly, forcing the reality of the devastation to set in. “The island of Barbuda was decimated; its entire population left homeless; and its buildings reduced to empty shells.”

In a deliberate beseeching of the UN, he spent the next 20 minutes detailing the catastrophic annihilation of Barbuda, and the resulting deprivation of Antigua.

Following the evacuation of all Barbudans to the larger island state, “the social services on Antigua are now under great strain,” said Browne. Not only is Antigua providing shelter and basic necessities to those displaced, they must “provide school places for an additional 600 children; medical services for the elderly; and a means of income for the able-bodied.”

$270M Owed to Former Online Gambling Hub

Browne implored the UN to provide assistance in the rebuilding of Barbuda, not just through monetary grants and financial assistance with reasonable interest rates, but by encouraging the United States to uphold a ruling 13 year old ruling from World Trade Organization.

In 2004, Antigua and Barbuda was awarded a judgment of more than $270 million from the US. The island nations were once a hub for online gambling services. It was a multi-million dollar industry, until the US declared American players could not access those websites.

Antigua and Barbuda filed a complaint with the WTO in 2003, claiming the decision violated their trade agreement. The WTO ruled in favor of Antigua and Barbuda.

“The US trade violation, led to significant loss of revenues to my country and unemployment of my people,” Browne explained.

“It has been 13 years since that judgment, and seven years since the final appeal by the US, resulted in a final ruling in my country’s favour. Yet, the United States Government has failed to settle,” he continued. “The loss of trade revenues to my small country has risen to in excess of US$200 million.”

Upholding WTO Ruling Would Benefit US

Browne pointed out that, just two days prior, US President Donald Trump said, “we can no longer be taken advantage of, or enter into a one-sided deal where the United States gets nothing in return”.

He welcomed that observation, calling it “equally true for the relationship with Antigua and Barbuda.

“Honoring their obligation to Antigua & Barbuda is not a one-sided deal, of which the United States gets nothing in return, because ultimately, 90 percent of the settlement proceeds will be spent in the US economy, as our primary source market.”

Whether the US will finally settle its debt to the island nation – a debt that would cover the estimated $250 million cost of rebuilding Barbuda and returning its residents to their homeland – is yet to be seen.

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Sep 20

Budding online gambling country of Georgia looks to outlaw iGaming?

When you think of Georgia, chances are your mind wonders to the southeastern U.S. state. Most of us know the area for its thriving peach farms, or as the host of the 1996 Olympic Games. But that’s not the Georgia we’re talking about today. We’re talking about the small country of Georgia, located in the Caucasus region of Eurasia.

Georgia considers Online Gambling BanGeorgia is snugly nestled along the border of Eastern Europe and Western Asia. To the north lies Russia, with Turkey and Armenia to the south, Azerbaijan to the southeast, and the Black Sea to the west. With a landmass of 69.7k square kilometers, it is home to approximately 3.72 million people; nearly half of which reside in its capitol city, Tbilisi.

Such info may be new to you, but if you’re reading this, chances are the online gambling industry is not. Georgia is actually a budding home to this industry, where several companies have based their operations. Abjarabet is the largest operator in the area, along with sites like Geogrand and Cryslatbet.

Live dealer casino supplier Authentic Gaming is also entrenched in the Georgian iGaming market. This company hosts live streaming roulette games from the Hilton Casino International in Batumi, Georgia.

A relative newcomer to the live casino industry, Authentic Gaming launched its first product in 2016, installing live roulette table at Italy’s Saint Vincent Resort and Casino. As of May 2017, they now operate three live casinos, following the latest opening at Platinum Casino in Bucharest, Romania.

But the current situation in Georgia could sheer off one-third of that company’s revenue, and put the rest of the country’s online gambling operators out of business completely.

Georgia Ponders Regulation to Outlaw Online Gambling

According to the latest reports from Georgian media sources, iGaming could become outlawed in the country. Parliament is hosting special commissions in tandem with the Finance Ministry to institute internet gaming regulations. But instead of broadening the efficacy of this budding revenue stream, the regulation may come by way of prohibition.

Lasha Khutsishvili is the Deputy Finance Minister of Georgia. He confirmed that regulatory talks are underway, and that lawmakers are questioning whether a ban on interactive gambling is the correct decision.

“We analyze the world experience to understand how effective are those or other measures taken with respect to online gaming,” Khutsishvili told the media.

“The international practice shows that at present there are no effective mechanisms to actually prohibit online games. Millions are spent from the state budget on such measures, but in vain,” he said.

Khutsishvili went on to explain that the Finance Ministry is looking at the issue from all angles, including “the point of view of fiscal policy”. He noted that “full control over the Internet is associated with very high costs”.

A high cost, indeed. Much larger nations, with much higher budgets to allocate towards the cause, have attempted similar bans. Russia, for example, passed laws to outlaw online gambling in 2006. But it’s done nothing to thwart hundreds of operators from accepting Russian players; even major operators like 888, LeoVegas and William Hill.

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Aug 31

Rocket Roulette: New Live Roulette from NetEnt features ‘Play for Fun’

Rocket Roulette - Live Roulette from NetEntNetEnt is renowned for being among the foremost developers of superior 3D slots for desktop and mobile. When a new game is introduced, we expect it to have reels, paylines and superb graphics. This month, NetEnt is launching a new addition to their Live Casino portfolio.

It’s a brand new live roulette game called Rocket Roulette. The concept is—for the most part—similar to recent live roulette additions by other major iGaming software brands, wherein the speed of the game is its most popular attraction.

Speed of Rocket Roulette by NetEnt

As far as rules and pay tables go, this live roulette table is no different than any other game of European Roulette. However, as the name implies, Rocket Roulette is all about increasing the speed, with shorter betting times and faster payouts, quickly moving on to the next round.

How does Rocket Roulette stack up to the speed roulette games introduced by rival developers? Not too well, actually.

This version from NetEnt boasts a next round of play about every 40 seconds. That’s pretty quick, but comparatively speaking, you can find faster live roulette games. Playtech‘s Speed Roulette provides a spin frequency of every 34 seconds, while Evolution Gaming‘s version is the absolute fastest at just 26 seconds.

Where NetEnt Destroys the Competition

Although much faster than a typical game of live roulette, you may not be too impressed with Rocket Roulette’s statistics thus far. But there’s one thing this new live casino game brings to the table that no competitor can. Players can actually join in the action for free, without a real cash bankroll.

NetEnt is giving new players at the Rocket Roulette tables a chance to “Play for Fun”. Unlike RNG-based online casino games, this is one area where live casino tables don’t deliver. Due to a maximum seating capacity, live games are never offered for free play. But this one is.

Players won’t get to sit in on the Rocket Roulette games forever without risking real money, though. This is a limited-play offer from NetEnt, and will expire after the specified number of free plays are depleted. According to the live roulette game’s ‘Play for Fun‘ rules:

  • New Live Casino players may have the option to play for fun. When playing for fun players are granted a defined number of play for fun game rounds. When the play for fun game rounds are depleted the player will be asked to play at a ‘real’ game table.

  • Players can change to a ‘real’ game table at any time by clicking the ‘CLICK TO PLAY FOR REAL’ button when playing for fun.

  • When playing for fun players are granted a ‘fun’ balance that will refresh automatically when depleted. The play for fun game balance and game rounds are non-transferable.

  • When playing for fun the game history function is disabled.

Where to Play Rocket Roulette

NetEnt supplies its live dealer tables to a multitude of reputable online casino operators. Being so new, some NetEnt-powered casinos are still waiting to update their game menus with Rocket Roulette. For now, you will find it available at two major iGaming brands, 888 and LeoVegas.

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Aug 30

Canada Casinos gearing up for Comedians Lewis Black and Kathleen Madigan.

If you’ve read any of my previous articles over the last few years, you probably know I’m not big on land-based casinos. I prefer the online—and specifically mobile—variety. But next month, I’ll be sure to drop in on at least one of our illustrious Canada casinos. Gambling, however, will not be high on my priority list.

In September, a pair of Canada casinos—one in Alberta, the other in Ontario—will play host to two of my favorite comedians, Lewis Black and Kathleen Madigan. It’s all part of their 49th Parallel Tour, in which the comic duo will make 10 stops across the country from September 6th to 17th.

Lewis Black Kathleen Madigan 49th Parallel Tour

The tour of Canada has been in the works since March of 2017, when the legendary comedians first announced they’d spend two weeks “seeking asylum” in the Great White North.

“The shows are really secondary to the primary purpose of the trip, which is to try to find a place to hide,” quipped Black in a recent interview.

“We really would like to hide out until this stuff down here blows over,” he laughed, referring to the election of US President Donald Trump. “We’re not looking for citizenship!” he promised.

Black & Madigan at 2 Canada Casino

The two week tour will start in Calgary, Alberta and end in Hamilton, Ontario, visiting two Canada casinos along the way. They include the River Cree Resort and Casino in Enoch, AB on Sept 8th, and the Casino Rama Entertainment Centre in Rama, ON on Sept 15th.

Lewis Black & Kathleen Madigan – 49th Parallel Tour 2017 – Full Schedule

Date Venue Location
Sept 6, 2017 Jack Singer Hall, Epcor Centre Calgary, AB
Sept 7, 2017 Queen Elizabeth Theatre Vancouver, BC
Sept 8, 2017 River Cree Resort & Casino Enoch, AB
Sept 9, 2017 Conexus Arts Centre Regina, SK
Sept 10, 2017 Club Regent Event Centre Winnipeg, MB
Sept 11, 2017 Thunder Bay Community Auditorium Thunder Bay, ON
Sept 14, 2017 Massey Hall Toronto, ON
Sept 15, 2017 Casino Rama Entertainment Centre Rama, ON
Sept 16, 2017 Centennial Hall London, ON
Sept 17, 2017 First Ontario Concert Hall Hamilton, ON

 

2 Comedians, 1 Bottle of Scotch and 1 Very Tall Ladder

Lewis Black and Kathleen Madigan have been great friends for more years than either would probably like to admit. Madigan told the story of their happenstance meeting that took place long ago at a random bar in Chicago, Illinois.

“There was this giant library ladder and there was a bottle of Scotch at the top of that ladder. I don’t drink Scotch,” she admitted, “and neither of us had any money. The guy’s like, ‘Well, it’s really expensive.‘ And [Black] goes, ‘I don’t care. I want to see you climb the ladder to get the Scotch,’” Madigan recalled. “I’m like, ‘Well, this guy’s fun.‘”

Lewis Black and Kathleen Madigan have come a long way since then. Their careers have skyrocket, taking them from shady bars and small-time club stages to the biggest comedy venues around the world.

Each has starred in their own cable network comedy specials, and can be viewed anytime on various streaming services like Netflix and Amazon Video. Lewis is even part of The Daily Show‘s longest running segment, aptly titled Back In Black.

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Aug 28

BCLC won’t have to pay $695k fine for non-compliance in 2010.

BC Gambling Regulator Won't Pay 695k PenaltyGambling in British Columbia is strict business. It’s regulated and upheld by government bodies – namely, the British Columbia Lottery Corporation (BCLC). This entity is required to report to another, higher government body, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Back in 2010, things weren’t running quite so smoothly as they are now. That year, when FINTRAC held its periodic compliance review of the Crown Corporation, it found a few problems. Namely, BCLC had failed to submit financial reports in a timely fashion, as mandated.

Big Trouble for BC Gambling Regulator

The reporting agency imposed a very hefty fine against the BCLC for lack of compliance. The BC gambling regulator was dealt an ‘Administrative Monetary Penalty‘ (AMP) of $695,750.

The Crown Corporation appealed the results of the compliance review, as well as the AMP. BCLC acknowledged that there were delays in reporting, but claimed that it was due to technical deficiencies, and by no fault of their own. Such technical deficiency were actually outlined in the compliance review, giving the BC gambling regulator a leg to stand on.

According to BCLC, the deficiencies in question, “were attributed to implementation issues that arose at the time from a new computer communications link between FINTRAC and BCLC.”

Essentially, they claim the reports were sent on time, but that the communications link failed to deliver them before the deadline. The Federal Court ordered BCLC to fix the problem immediately, and suspended the $695k AMP until further notice.

Now, seven years later, a final decision on the matter has been laid down by the courts. The BC gambling regulator’s appeal has been granted, and it will not have to pay the hefty fine originally imposed by FINTRAC.

Court Grants BCLC Appeal

The court order, issued on August 11, 2017 by Federal Court Judge Jocelyne Gagne, states:

The appeal is granted and the decision of the Director of the Financial Transactions and Reports Analysis Centre of Canada to impose an Administrative Monetary Penalty against the appellant is varied and that the Administrative Monetary Penalty thereby imposed is hereby set aside.”

In a press release confirming the granted appeal of the compliance review and AMP, BCLC commented on its appreciation of the decision.

“BCLC’s appeal of the $695,750 AMP was allowed by the Federal Court of Canada under the terms of a consent order. The consent order sets aside the AMP,” said BCLC.

“The court order notes that BCLC quickly remedied the deficiencies and that subsequent compliance reviews demonstrated enhanced compliance,” the announcement continued. “At no time did any money laundering transactions occur.”

BCLC went on to laud its “strong professional relationship” with FINTRAC over the last seven years. The BC gambling regulator expressed the unwavering commitment of both organizations in the “prevention of money laundering and terrorist financing” through any of its land-based or online gaming operations.

“BCLC is pleased this matter has come to a mutually agreed upon conclusion.”

Finalizing its position on the matter, the BC gambling regulator closed the press release by confirming, “This is the only statement BCLC will be making regarding the matter.”

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Aug 26

Mayweather vs McGregor could deliver worst knockout blow to bookmakers in sports betting history.

Ask anyone what’s going to happen tonight, and most will tell you Floyd Mayweather is going to destroy the younger, far-less experienced Conor McGregor. Others say the 29 year old Irish youngblood is primed to decimate Pretty Boy’s good looks with a devastating knock-out blow.

Mayweather vs McGregor could make sports betting history

The bookies in Las Vegas and cyber-la-la-land are of the former opinion. They’ve set the stakes high for a Mayweather win, with odds fluctuating around -500 and -600 for the last few days. In the meantime, cheap, high-yielding bets on McGregor are getting more attention than bookmakers would like.

If the latter turns out to be reality, and Conor McGregor somehow sends Mayweather to the mat for a 10-count (because the odds of an outright 12-round, judge-rule victory are ridiculously mycoplasmic), sports betting history will be made this Saturday night. It’s not just the volume of bets coming in, either, but the sheer size of them, some exceeding the million mark.

According to USAToday, MGM took in a $1M bet on Floyd at -550, worth $180k for a win. A bettor at William Hill Nevada dropped $1.2M on the Pretty Boy at -500; a $240k payout for the likely win. Other reports of multiple $300k wagers are coming in.

These huge bets are driving Mayweather’s odds ever farther into the minus, up to -600 at many bookmakers. But at the same time, it’s driving the profitability of a McGregor victory to phenomenal heights. And that’s got a lot of punters taking the low-risk, high-yield option.

At this point, if McGregor pulls out a miracle, the amount of money bookies will have to shell out is expected to far surpass any single-event loss in sports betting history. It’s not that millions are being dropped on McGregor, but rather, as Will Hill bookie Nick Bogdanovich told CNBC, the frequency of smaller bets on the Irishman adding up.

“This isn’t professional money, just the regular Joe,” said Bogdanovich. “The butcher and the barber are putting their $100 on McGregor and it’s added up.”

He said bookmakers could be pounded with multi-million dollar losses, the worst in sports betting history on a single event, if McGregor wins in any capacity. Should he fulfill his promise of an early KO, the losses for Vegas would be far worse.

Asked how he’s holding up under the pressure, Bogdanovich said, “I’m OK now, but you might want to have a heart monitor on me when the bell rings and Conor starts throwing wild lefts!”

Bookies are adjusting their odds in the other direction now, but they say it’s not helping to hedge their bets. Mayweather opened with an average 11-1 favor, as has since dropped to 5-1 or less at many sportsbooks. Still, bettors are dropping C-notes on McGregor left and right, hoping for a huge payoff.

At +450, a $100 bet on McGregor would be worth $450. As one bettor reportedly did at South Point this week, dropping $50,000 on the Irish MMA expert—who, might I add, has never fought a genuine boxing match in his life—will pay out $225,000 for a win.

Despite bracing for potential record losses, Bogdanovich said Las Vegas will survive, and survive well, if the unthinkable happens following tonight’s bell. Reminding bettors that they can win, and win big, will keep them returning to the sportsbooks in the future.

“We don’t mind a large decision on a big spectacle like this,” said the WH bookie. “It gets people in our books.”

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Aug 24

New Westminster, BC scratch card winner takes $675k lump sum after winning major prize on Set For Life scratch ticket.

We’ve all dreamed of winning an enormous amount of money playing the lottery. We’ve considered all the things we might purchase – the friends and family we might help – the charities we might donate to if we were suddenly rich. For one New Westminster construction worker, it’s no longer a dream, but a reality.

Antonio Herrera-Gomez is one of the happiest men in British Columbia right now. Earlier this week, he took a quick coffee break from his construction job, heading to the local mini-mart for a steaming cup of brew. While there, he also spent $5 to purchase a Set for Life scratch ticket.

Set for Life Scratch Card Winner Antonio Herrera-Gomez

BC Set for Life Scratch Card Winner Antonio Herrera-Gomez wins $675,000 – photo BCLC

Scratch Card Awards Ultimate Prize

What was expected to be a few minutes of rest and relaxation turned into one of the happiest moments of Mr. Herrera-Gomez’s life. However, Antonio did not have enough to time to scrape the 6 game boxes on the scratch card.

Despite time constraints, he later told interviewers, “I wanted to check the ticket before I left the store.” He handed the ticket to the retailer, and to his utter amazement, the machine froze, indicating a large amount had been won.

“The lady behind the counter said the computer froze and that I’d won!” said the lucky scratch card winner. “My heart was pounding and I thought I was going to have a heart attack!”

Mr. Herrera-Gomez hadn’t just won an amount so high that a retailer could not pay the award, he’d won the highest possible prize of all. As the name implies, Set for Life scratch tickets have the potential to award a continuous prize of $1,000 every week for the next 25 years. That’s the exact prize the lottery machine told Antonio he’d just own.

The lucky player immediately shared the fantastic news with his friends and family. He told lottery organizers in his winner’s interview that he couldn’t possibly be more excited.

“It feels amazing. I can’t believe it!” said Herrera-Gomez, unable to control the enormous grin on his face.

As for spending that new found wealth, he has big plans for the future. “I plan to build a house in Mexico and buy a home here,” he said. “This win is going to allow me to do so many things. I feel so happy!”

BC Set For Life Scratch Ticket Rules & Pays

Set for Life Scratch TicketThe Set for Life scratch card is one of BC’s newest instant-win lottery tickets, launched in mid-2016. According to the lottery corporation, Set for Life scratch tickets carry approximate odds of 1:3.75 to win any prize amount.

In order to win, players must match three alike symbols within one of the card’s 6 game boxes. Three alike cash amounts award the equivalent prize. Three alike FREE TICKET symbols award a free Set for Life scratch ticket. Three alike CASH 25 YEARS symbols award the ultimate prize of $1,000 per week for 25 years.

When a player wins the Set For Life prize, they have two options. They can choose the annuity prize of of $1,000 per week for 25 years, or opt for a single, lump-sum payment of $675,000.

This is the option Antonio Herrera-Gomez chose, collecting the full $675k all at once so that he can get started on his home projects right away. However, had the lucky scratch card winner taken the annual annuity payments, the grand total would have nearly doubled to $1.3 million.

 

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