Category: News

  • Brandon Wilson Secures Back-to-Back Wins at PGT Last Chance Series

    Brandon Wilson Secures Back-to-Back Wins at PGT Last Chance Series

    In a display of sheer skill and determination, Brandon Wilson has won two consecutive PokerGO Tour (PGT) Last Chance events, amassing nearly $600,000 in winnings in just two days. The Illinois native triumphed in back-to-back $10,100 buy-in tournaments at the PokerGO Studio in Las Vegas, solidifying his place as a force to be reckoned with in high-stakes poker.

    A Streak Worth Millions

    Wilson’s latest victories have pushed his career earnings past $3.9 million. With six high-stakes titles since August 2023, he is making waves in the poker world. His latest win came after topping 114 entries in Event No. 4, netting him $285,000. This followed his $297,500 victory in Event No. 3, which saw him overcome 119 competitors.

    The consecutive wins also catapulted Wilson to the top of the 2025 Player of the Year (POY) leaderboard. His $582,500 in POY earnings and 1,200 points are unmatched, setting the pace for the early part of the season.

    Final Table Drama: Event No. 4 Highlights

    Event No. 4’s final table was packed with intense action and dramatic eliminations. The field of 114 generated a prize pool of $1,140,000, with payouts distributed among the top 17 finishers. Only seven players advanced to Day 2, with Wilson leading the charge.

    • Stoyan Madanzhiev (7th, $45,600): The 2020 WSOP Online Main Event champion was the first to exit after losing a race with pocket fives to Sam Laskowitz’s suited A-6, which turned into a nut flush.
    • Sam Laskowitz (6th, $57,000): Laskowitz’s pocket jacks fell to Byron Kaverman’s pocket aces in a preflop clash. The hand also left Kristina Holst crippled, as she folded to the all-in action after committing most of her stack.
    • Kristina Holst (5th, $74,100): Despite an early double-up, Holst couldn’t recover after losing with A-10 to Kaverman’s K-7, with a king-high board sealing her fate.

    Intense Heads-Up Battle

    The heads-up showdown between Wilson and six-time bracelet winner Jeremy Ausmus was a nail-biter. A critical hand saw Wilson call a massive bluff by Ausmus on the river, leaving Ausmus with just a fraction of the chips. Wilson’s pocket tens held strong, and moments later, his 5♣3♣ outdrew Ausmus’ 6♦3♦ for the victory. Ausmus walked away with $176,700 for his runner-up finish.

    Dominance in Numbers

    Here’s a breakdown of the final table results, including earnings and leaderboard points:

    Place Player Earnings POY Points PGT Points
    1 Brandon Wilson $285,000 600 285
    2 Jeremy Ausmus $176,700 500 177
    3 Byron Kaverman $125,400 400 125
    4 Dylan Linde $96,900 300 97
    5 Kristina Holst $74,100 250 74
    6 Sam Laskowitz $57,000 200 57
    7 Stoyan Madanzhiev $45,600 150 46

    Wilson’s Place in Poker History

    With these victories, Wilson not only dominates the current series but also makes a strong case for himself in the high-stakes poker circuit. His consistent performances have earned him recognition and respect among the elite, and his ranking in the PGT leaderboard continues to rise.

    After securing 285 PGT points, Wilson now sits in 57th place on the season-long leaderboard. While he has ground to cover to challenge the top players, his recent form suggests he could be a contender.

  • Eight Winners Share $14.3 Million in Circa Survivor NFL Contest

    Eight Winners Share $14.3 Million in Circa Survivor NFL Contest

    The Circa Sports NFL handicapping contests concluded with a dramatic finale, awarding a record-breaking $20.3 million in prize money. Eight savvy participants in the Circa Survivor competition emerged victorious, sharing a whopping $14.3 million, while strategic bets and nail-biting finishes defined the closing weekend.

    A Historic Payday for NFL Handicappers

    Circa Survivor, with its $1,000 entry fee, has become a hallmark of high-stakes sports betting. This year, the competition saw an unprecedented prize pool of $14.3 million, split equally among eight winners. Each participant achieved a flawless 20-0 record, securing $1,783,250 apiece.

    The final week of play was nothing short of a rollercoaster. Tampa Bay, Indianapolis, and Arizona emerged as key teams for the winners, delivering critical victories. Tampa Bay’s second-half comeback over New Orleans was pivotal, while Indianapolis edged past Jacksonville in a tense overtime finish. Arizona cruised to an easy win, giving one winner a relatively stress-free weekend.

    However, the competition wasn’t without heartbreak. Green Bay and Atlanta, popular picks among other contestants, suffered last-minute losses, ending the hopes of many.

    Triumphs and Tribulations of the Winners

    For some winners, the contest was more than just a betting challenge—it was a life-altering experience. The “Meatball Brothers,” a team of six friends with a background in meat sales, were among those celebrating the windfall.

    “Honestly, for the last two weeks, we’ve slept maybe two hours a night,” said Paul Czyz, a 55-year-old team member. His teammate Carson Williams called it “the best 20 weeks of my life,” placing it just behind his wedding and the birth of his children.

    The Meatball Brothers, who relied on the Colts in the final week, also hedged their bets with a wager on Jacksonville, ensuring a six-figure safety net in case of an upset.

    Another notable story came from Harvard graduates Brian Wood and Zheng Fan, who chose Tampa Bay in the final week. Despite a shaky first half, the Buccaneers pulled off the win, much to the relief of Wood, who admitted to moments of panic during the game. “At halftime, we were throwing up,” he confessed.

    Circa Million VI: A Competitive Finish

    The excitement wasn’t limited to the Survivor contest. The Circa Million VI also concluded with “Team BP” claiming the $1 million top prize. The team clinched victory with a 60-26-4 record, edging out their nearest competitor by just half a point.

    The final standings also decided the contest’s infamous “booby prize,” awarded to the participant with the worst record. “The Brown Clown” took home $100,000 for finishing 27-61-2—a humorous nod to the ups and downs of sports betting.

    Final Week Drama: Upsets and Unexpected Outcomes

    The season finale highlighted the unpredictable nature of the NFL. While winners celebrated their triumphs, others faced bitter disappointment. Green Bay’s last-second loss to Chicago dashed the dreams of two contestants, marking the first time in Circa Survivor history that multiple entries failed in the final week. Atlanta, another popular pick, fell in overtime to Carolina, ending their season on a sour note.

    Key stats from the final week:

    • Tampa Bay Buccaneers: Staged a 16-point comeback against New Orleans.
    • Indianapolis Colts: Defeated Jacksonville 26-23 in overtime.
    • Arizona Cardinals: Delivered a decisive 47-24 victory over San Francisco.
    • Green Bay Packers: Lost 24-22 to Chicago on a last-second field goal.
    • Atlanta Falcons: Suffered a 21-18 overtime loss to Carolina.

    Looking Ahead: Circa’s Legacy in Sports Betting

    The Circa Sports contests have cemented their reputation as a premier platform for NFL betting enthusiasts. With massive prize pools, high-stakes drama, and compelling human stories, these competitions continue to attract a mix of seasoned bettors and newcomers.

    As the winners celebrate their life-changing payouts, many are already looking forward to next year’s contests, where new strategies and rivalries will undoubtedly take centre stage.

  • Antonio Esfandiari’s Double Check-Raise Shocks High-Stakes Poker Table

    Antonio Esfandiari’s Double Check-Raise Shocks High-Stakes Poker Table

    Antonio Esfandiari, known as “The Magician” in poker circles, has made a splashy return to high-stakes action. In a recent appearance on PokerGO’s No Gamble No Future, Esfandiari pulled off an audacious double check-raise, leaving the table buzzing and viewers in awe.

    The move not only showcased Esfandiari’s poker prowess but also highlighted the banter and mind games that have made him a fan favorite over the years. Here’s how the hand unfolded.

    A Full House on the Turn

    Esfandiari started the hand with 8♠ 6♠ and a stack of $313,000. The flop came A♣ 8♥ 6♥, giving him two pair. True to his reputation for deceptive play, Esfandiari checked, as did the other three players in the hand.

    When the 8♣ landed on the turn, Esfandiari’s hand improved to a full house. Again, he checked, letting Brandon Steven, who held J♣ 4♣, bet $4,000 with a flush draw. Jennifer Tilly folded, but Esfandiari sprang into action with a check-raise to $13,000. Steven, with $160,000 behind, made the call.

    A Flush and a Trap

    The river brought the 3♣, completing Steven’s flush. Esfandiari, unfazed, checked once more, setting up the perfect trap. Steven, sensing an opportunity, bet $27,000.

    Esfandiari then executed his second check-raise, this time to $79,000, pushing the pot over $141,000. Steven, visibly uncomfortable, began a lengthy deliberation.

    Table Talk and Tension

    As Steven wrestled with his decision, the table talk added to the drama. “Six-eight, huh? Probably flopped a set maybe,” Steven mused, trying to piece together Esfandiari’s possible hands.

    Esfandiari remained stoic, a hallmark of his gameplay, but couldn’t resist adding a comment. When Steven revealed, “I have a flush,” Esfandiari quipped, “You’re going to be a real big star.”

    Steven continued to analyse the hand aloud. “I called your check-raise on the turn, and you check-raised the river again. Man, that’s freaking ballsy as hell. How do you know I’m going to bet?”

    Eventually, Steven called, and Esfandiari raked in a pot worth $193,300. The Magician’s play had worked to perfection, demonstrating the same brilliance that earned him millions during poker’s boom years.

    A Career of Iconic Moments

    Esfandiari has long been one of poker’s most charismatic players. His resume includes two World Poker Tour titles (2004, 2010) and three World Series of Poker bracelets. His most memorable win came in 2012, when he triumphed in the $1 million buy-in Big One for One Drop, taking home $18.4 million—the largest single payout in poker history.

    Despite stepping back from the game in recent years to focus on his family, Esfandiari has been dipping his toes back into the high-stakes waters. His return has been marked by success, including a significant win on Hustler Casino Live and a notable appearance at Global Poker’s Table Talk, where he played alongside Olympic gold medalist Michael Phelps and Formula 1 stars Charles Leclerc and Carlos Sainz Jr.

    Why This Hand Resonates

    Esfandiari’s double check-raise was a masterclass in reading his opponent and manipulating the action. It also highlighted his unique ability to blend strategic brilliance with entertaining table presence. Moments like these remind fans why Esfandiari became such a beloved figure during poker’s golden era.

    His mix of psychological warfare, bold moves, and genuine charm has cemented his status as one of the game’s greats. And if his recent form is any indication, The Magician is far from done conjuring memorable moments at the poker table.

  • Paraguay Approves Major Gambling Law Reform to End Monopolies and Tighten Oversight

    Paraguay Approves Major Gambling Law Reform to End Monopolies and Tighten Oversight

  • Switzerland and Liechtenstein Join Forces to Tackle Gambling Addiction with New Agreement

    Switzerland and Liechtenstein Join Forces to Tackle Gambling Addiction with New Agreement

    Switzerland and Liechtenstein have entered a groundbreaking partnership to address gambling addiction more effectively across their borders. Starting January 7, 2025, a new bilateral agreement ensures that gambling bans in one country are reciprocally enforced in the other, marking a significant milestone in player protection.

    Cross-Border Bans to Close Loopholes

    Under the agreement, anyone banned from Swiss casinos—both terrestrial and online—will now be unable to gamble in Liechtenstein, and vice versa. This reciprocal enforcement is set to cover Switzerland’s 100,000 existing gambling bans and Liechtenstein’s exclusion lists, creating a unified front against gambling addiction.

    Swiss casinos are legally obligated to exclude individuals who display signs of gambling addiction, gamble beyond their financial means, or refuse to provide proof of their financial stability. Similar measures apply in Liechtenstein.

    A critical feature of this system is affordability checks. Players who fail these checks or whose financial status is deemed unstable are immediately banned from gambling. Voluntary exclusions and bans initiated by concerned family members also fall under the scope of these protections.

    Industry Response and Broader Implications

    The Swiss Casino Association has praised the agreement, calling it a significant step toward better player protection. A spokesperson highlighted that in the past, individuals banned in Switzerland would cross the border to gamble in Liechtenstein, exploiting regulatory gaps.

    This collaboration addresses that loophole by enabling casinos in both countries to share exclusion lists. Officials hope this cross-border model can inspire similar agreements across Europe, further strengthening protections for vulnerable individuals.

    But the new agreement has limitations. While it targets gambling in licensed casinos, it does not tackle the growing problem of illegal online gambling. In Switzerland alone, unlicensed platforms account for 40% of the online gambling market, allowing banned individuals to gamble without restrictions.

    The Shadow of Illegal Gambling

    Illegal online gambling presents a major challenge. These platforms not only undermine local bans but also dodge tax obligations, exacerbating the regulatory hurdles. Experts warn that such operations endanger players by bypassing safeguards designed to promote responsible gambling.

    The Swiss Casino Association has called for stricter action against these platforms, urging authorities to clamp down on illegal operators and explore measures to extend gambling bans to other European countries.

    Switzerland is not alone in facing this issue. Nations such as Germany, Belgium, and Sweden have reported similar struggles with black-market operators dominating significant portions of their online gambling sectors. Despite regulatory efforts, many players continue to be lured by the accessibility and lack of oversight on these platforms.

    Gambling Addiction in Numbers

    Over the past 20 years, Swiss casinos have enforced 100,000 gambling bans to protect individuals at risk. These bans, combined with strict affordability checks, form the backbone of responsible gambling policies.

    The agreement with Liechtenstein significantly expands the impact of these measures. By integrating bans across borders, the partnership underscores the importance of affordability checks and shared accountability in tackling gambling addiction.

    • Cross-Border Enforcement: Shared exclusion lists between Switzerland and Liechtenstein.
    • Affordability Checks: Verification of financial stability remains central to player protection.
    • Family-Initiated Bans: Protections include exclusions requested by family members.
    • Voluntary Bans: Individuals can self-exclude to prevent future gambling harm.

    A Step Forward, but More Work Ahead

    The new collaboration is a step forward in addressing gambling addiction, yet the broader issue of illegal gambling persists. Industry leaders and regulators must address this growing threat to ensure the long-term success of responsible gambling initiatives.

    Switzerland and Liechtenstein’s agreement sets an example for regional cooperation. Whether this model can extend to other European nations remains to be seen, but the hope is clear: a united approach to tackling gambling addiction and protecting vulnerable players.

  • SL Green CEO in Line for $10 Million Bonus if Caesars Times Square Casino Bid Succeeds

    SL Green CEO in Line for $10 Million Bonus if Caesars Times Square Casino Bid Succeeds

  • Maryland and Virginia Lawmakers Eye Online Casino Legalization in 2025

    Maryland and Virginia Lawmakers Eye Online Casino Legalization in 2025

    State legislators in Maryland and Virginia are gearing up to debate the legalization of online casino gambling in 2025, a move that could further expand the U.S. iGaming market. With both states drafting bills to regulate and tax digital gambling platforms, this legislative effort could pave the way for new revenue streams while addressing concerns raised by traditional casino operators.

    Maryland’s Push for Online Gambling: HB 17

    In Maryland, Delegate Vanessa Atterbeary is leading the charge with House Bill 17 (HB 17), pre-filed ahead of the upcoming legislative session starting on January 8. The bill proposes legalizing and regulating online gambling under the supervision of the Maryland State Lottery and Gaming Control Commission (MSLGCC).

    This isn’t Maryland’s first attempt at iGaming legislation. A similar effort in 2024 passed the House but failed in the Senate. This year, HB 17 introduces updated provisions to address prior concerns while positioning Maryland as a potential leader in online gambling.

    • Licensing Structure: The bill grants iGaming licenses to existing video lottery operators and sports betting facilities. It also offers five additional licenses to qualified new applicants, ensuring competitive opportunities.
    • Fees and Renewals: Operators must pay a $1 million application fee, with license renewals costing 1% of their average annual revenue every five years.
    • Tax Allocation: Revenue would be channelled into education, problem gambling programs, and horse racing funds, aiming to maximise public benefits.
    • Promotional Deductions: Operators can deduct 20%-35% of promotional play expenses from taxable revenue during their first five years, encouraging market growth.
    • Social Equity Guidelines: The bill includes provisions to support applicants from economically disadvantaged areas.
    • Multi-State Player Pooling: Maryland could join the Multi-State Internet Gaming Agreement (MSIGA), allowing interstate poker and potentially boosting player engagement.

    However, the bill isn’t without opposition. Brick-and-mortar casinos, including Maryland Live!, have expressed concerns about online gambling cannibalising their revenues. As lawmakers deliberate, they must carefully weigh the economic opportunities against the potential risks to existing casino businesses.

    Virginia’s Legislative Approach

    Virginia is also poised to explore the online gambling frontier, with Senator Mamie Locke pre-filing a bill for discussion during the legislative session from January 8 to February 22. The proposed legislation aims to create a regulatory framework similar to Maryland’s but tailored to Virginia’s unique market dynamics.

    • Tax and Fees: Operators would face a 15% tax on adjusted gross revenue and a $1 million licensing fee. Licenses would remain valid for five years, providing stability for businesses.
    • Retail and Digital Integration: Existing retail casinos could apply for digital licenses and partner with up to three online platforms, enabling a hybrid gambling ecosystem.
    • Branding and Advertising: Platforms must adhere to strict branding guidelines, including unique secondary brands for poker operations. Advertising must prominently feature responsible gambling information.
    • Legal Age and Application Process: The legal gambling age is set at 21, with a 30-day application window for operators to secure licenses.

    By regulating online casinos, Virginia hopes to capture revenue from unregulated gambling platforms and direct it toward public initiatives such as education and workforce development.

    Balancing Revenue and Responsibility

    Both Maryland and Virginia are framing their proposals as tools to modernise their gaming industries while addressing public needs. Proponents argue that legalising online gambling offers significant economic benefits without increasing taxes or public spending. The potential for job creation, increased state revenues, and enhanced funding for education and social programs is driving much of the support for these bills.

    Critics, however, remain sceptical. Traditional casino operators fear that online gambling could erode their customer base, while some policymakers worry about the social implications of expanded gambling access. Responsible gambling advocates are also urging legislators to prioritise safeguards for at-risk individuals.

    Industry Context: A Growing Market

    Nationally, Maryland and Virginia are joining a growing list of states considering iGaming legislation. Currently, six states—Delaware, Michigan, Nevada, New Jersey, Pennsylvania, and West Virginia—are part of the Multi-State Internet Gaming Agreement. This compact facilitates interstate poker and could provide a blueprint for Maryland and Virginia to expand their reach.

    The U.S. iGaming market has seen remarkable growth in recent years, with online casinos generating billions in annual revenue. As more states legalise digital gambling, experts predict continued expansion, driven by consumer demand and technological advancements.

    Key Takeaways for 2025

    While debates in Maryland and Virginia are still in the early stages, the outcomes could significantly impact the broader U.S. gaming landscape. If successful, these initiatives would not only bring online gambling to two key states but also signal a shift toward greater acceptance of iGaming nationwide.

    With legislative sessions set to begin in January, all eyes will be on the negotiations, amendments, and compromises that will shape the final bills. Whether online casinos become a reality in Maryland and Virginia by the end of 2025 remains to be seen, but the stakes—financial, political, and social—are undoubtedly high.

  • Michigan Casino Dream Hits Roadblock: Little River Band Faces Major Setback

    Michigan Casino Dream Hits Roadblock: Little River Band Faces Major Setback

  • Jefferies Projects Sluggish U.S. Casino Growth in 2025, Macau’s Revival by 2026

    Jefferies Projects Sluggish U.S. Casino Growth in 2025, Macau’s Revival by 2026

    The casino industry faces a mixed bag of opportunities and challenges as it heads into 2025. According to Jefferies Equity Research, U.S. regional casinos will experience limited growth amidst rising competition and economic uncertainties, while Macau’s gaming revenues are expected to recover to pre-pandemic levels by 2026.

    U.S. Regional Casinos: Growth on a Tight Leash

    Jefferies analyst David Katz predicts constrained growth for regional casinos in the U.S., driven by increasing competition and macroeconomic uncertainties. Emerging markets such as Chicago, Indiana, Omaha, and Shreveport/Bossier City are poised to see new property openings, further tightening the competitive landscape.

    Marketing budgets, carefully controlled post-COVID, are likely to face renewed pressure as operators vie for customer loyalty. However, the report suggests that significant industry changes, such as shifts in leadership, ownership, or strategies, could occur by 2025.

    Las Vegas operators like MGM Resorts International and Caesars Entertainment find themselves at a critical juncture. Katz pointed out that while their current execution requires improvement, these stocks remain attractively priced, presenting investment opportunities that are “too inexpensive to ignore.”

    Las Vegas: A Tale of Supply and Demand

    Las Vegas’s unique position as a demand-driven market with limited new supply offers both stability and stagnation. Over the next two years, the city’s casino sector is expected to benefit from:

    • A strong event calendar
    • Growth in group and convention business
    • An aging population that may drive local casino traffic

    Despite these advantages, revenue is forecast to remain flat or show minimal growth due to closures at Tropicana Las Vegas and The Mirage on the Strip. Caesars and MGM, as market leaders, could emerge as key beneficiaries under these conditions.

    Wynn Resorts, known for its undervalued assets and strong execution, also stands out. Boyd Gaming is anticipated to perform better in 2025, buoyed by favorable year-over-year comparisons and progress on its Norfolk, Virginia, casino project. Meanwhile, Station Casinos faces potential growth obstacles tied to construction disruptions.

    Macau: A Gradual Path to Recovery

    In Macau, optimism surrounds a return to pre-pandemic revenue levels by 2026. China’s economic stimulus measures are expected to play a pivotal role in this recovery. However, growth in the region is projected to decelerate from 22.5% in 2024 to just 5% in 2025.

    Las Vegas Sands is well-positioned to capitalise on its focus on suite products and mass-market offerings, likely capturing market share from Wynn. Yet, non-gaming revenue—a focal point for Beijing’s diversification push—remains a challenge. Despite policy initiatives, non-gaming revenue in Macau dropped from $411 million in 2019 to $378 million in 2023.

    Jefferies’ Stock Adjustments Reflect Sector Outlook

    Jefferies made several upgrades and downgrades to casino stocks, reflecting their nuanced outlook:

    • Boyd Gaming: Upgraded from Hold to Buy, with a price target increased to $92.
    • Las Vegas Sands: Upgraded from Hold to Buy, with a price target raised to $69.
    • Station Casinos: Downgraded from Buy to Hold, with the price target reduced to $51.

    Other changes included:

    Stock Previous Target New Target
    Golden Entertainment $31 $32
    Monarch Casino & Resort $72 $88
    Penn Entertainment $21 $22

    Meanwhile, Churchill Downs and Bally’s Corp. retained unchanged ratings at $172 and $17, respectively, while Caesars, MGM, and Wynn saw lowered price targets to $43, $50, and $105.

    The Road Ahead: Adaptability and Strategy

    The casino industry may face a shakeup in 2025, with Katz emphasising potential changes in leadership, ownership, or strategic approaches. Shareholder activism is expected to shape Penn Entertainment’s focus on land-based operations and online gaming strategies.

    Despite challenges, the report underscores opportunities for investors and operators willing to adapt. For key players like Caesars, MGM, and Wynn, the next two years will test their ability to balance execution with market dynamics, paving the way for sustained relevance in a competitive landscape.

  • AGEM Index Drops 4.8% in December as Gaming Equipment Suppliers Face Mixed Market Performance

    AGEM Index Drops 4.8% in December as Gaming Equipment Suppliers Face Mixed Market Performance