Caesars Entertainment has announced that President and Chief Executive Officer Mark Frissora is leaving the company, though he will stay on until February 8th, 2019.
“The Board of Directors thanks Mark for his instrumental role in leading the Company through a challenging period and setting Caesars on a course for sustained, long-term growth and value creation,” said Chairman of the Board Jim Hunt. “Under Mark’s leadership, the Company has significantly improved margins and profitability while simultaneously increasing customer and employee satisfaction. We are grateful for his leadership and numerous contributions and are optimistic for the future.”
Frissora helped guide Caesars out of bankruptcy protection. Shortly after the announcing Frissora’s exit, Caesars released its third quarter earnings and they were tremendous: operating profit was up 176 percent to $232 million.
Jack Sinclair won the 2018 World Series of Poker Main Event this past week, topping a field of 534 to win €1,122,239. This was the first WSOP gold bracelet of his career, a year after he finished eight in the 2017 World Series of Poker Main Event (Las Vegas).
“It’s like being in a dream at the moment,” gushed Sinclair in his interview afterward with WSOP.com. “The whole week has been absolutely insane; just super smooth and not like any other tournament I’ve ever played. I never really lost a big pot as far as I can remember and just got all the hands when I needed them.”
Though he said this Main Event was different from any other tournament he has played in, Sinclair did compare one thing to last year’s Vegas Main Event: he got away with a J-4 offsuit bluff this time. At the final table last year, he was in third place and looking good, but bluffed down every street against eventual champ Scott Blumstein with J-4, getting picked off and losing more than half his stack. Sinclair couldn’t pull his stack back up and finished eighth.
Kansspelautoriteit (KSA), the gambling regulatory body of the Netherlands, has fined online gaming operators CyberRock Entertainment NV and Honeydew Trading Limited €350,000 for illegally marketing their sites to Dutch residents. The sites specifically in question are play2wincasino.com, owned by CyberRock, and supremeplay.com, owned by Honeydew.
“Many Dutch people do not know that online gambling in the Netherlands is illegal,” said KSA chairman René Jansen in a press release. “Protecting consumers is an important objective of the KSA, in addition to preventing gambling addiction and combating illegality. Gambling with an illegal provider implies that the consumer is not protected. He is not sure of a fair game. There is also no control of participation by vulnerable groups, such as minors.”
Interestingly, CyberRock has marketed to Dutch customers by using an English-language default version of its site that then switches to Dutch if someone in the Netherlands accesses it. A legit operator would use geolocation to block people in a restricted country.
For months, Kenya’s online sports betting industry has been under attack by the government. Officials in Kenya claim the country’s… Read More
The UK gambling industry continues to be hit with new regulations. As a result, several of the biggest UK gambling… Read More
Gambling laws in Russia are fairly restrictive. Only a few areas of the country are legally allowed to offer gambling… Read More
Portugal has one of the fastest-growing gambling industries in Europe. Interestingly, international gambling sites are currently dominating Portugal's online gambling… Read More