British online gambling operator 32Red announced today that it is to acquire online casino business Roxy Palace for the total amount of £8.4 million. According to the information released, 32Red would pay £2 million in cash and would issue 10 million new shares.
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Roxy Palace was founded back in 2002. Currently, it offers over 500 casino games, with blackjack, roulette, video poker, and slots being among those. The online casino brand has more than 230,000 registered players. Similarly to 32Red itself, Roxy Palace is powered by the Microgaming platform.

The online casino reported net revenue of £10.1 million for the year ended December 31, 2014. Furthermore, it generated gross profit of £3.4 million. EBITDA amounted to £1.6 million for 2014.

32Red is to take charge of Roxy Palace via the purchase of Eucalyptus Investment’s issued share capital. The latter entity is a subsidiary of Hyperlink Media Limited and Applied Logics. Once the acquisition deal is completed, 32Red will be the owner of Roxy Palace’s intellectual property rights, customer database, etc.

Ed Ware, Chief Executive Officer of 32Red, said in a statement from earlier today that they are delighted with their latest purchase and believe that it would benefit both their existing and new shareholders. Mr. Ware also pointed out that the two gaming companies share a lot of common values.

As mentioned above, 32Red and Roxy Palace are both powered by the Microgaming platform and this is why the integration is expected to be completed quickly and smoothly.

Mr. Ware further commented that the latest purchase corresponds to his company’s strategy to grow its presence in regulated markets. Furthermore, 32Red will have the opportunity to make use of the experience Roxy Palace “has built up” in various international markets over the years. Thus, both companies will benefit from the enlarged business. In order to achieve this, 32Red is planning to maximize synergies where and when appropriate.

Following the announcement about its latest acquisition, the British gambling operator also confirmed that it would release its trading update for the first half of 2015 on July 22. In 2014, the company reported revenue of £32.1 million and EBITDA of £6 million. Furthermore, the company’s dividend increased 33% over the year to reach 2.4 pence.

I am quickly approaching the tender age of 40. I have many days now where the swiftness of life makes itself known to me, whether it’s thinking about the fact that I have completed nearly a third of my life*, realizing that one of my kids will see her age hit double digits next year, or being confused that my brain still thinks I can play baseball even though the last time I wore a uniform was 21 years ago. And now, with the 2015 World Series of Poker drawing to a close, it has also hit me that it was a full 10 years ago already that I stepped foot in the Rio for the first time to cover the WSOP. Was it that long ago?

In the fall of 2004, not long after completing my MBA, I was miserable in my consulting job. That year, though, I had discovered poker, took it up as an inexpensive hobby, and got involved in an online poker community. I got to know a person or two and, in the spring of 2005, just an hour after I gave my two-week’s notice, I was offered a job to help a poker affiliate launch a poker news site. I jumped at the opportunity.
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That summer, a noob if there ever was one, I was sent to Las Vegas to provide live coverage of the WSOP. No journalistic experience, very little poker experience, and there I was, walking down the endless hallways of the Rio after parking on the wrong side of the property, looking for the place to pick up my press pass.

I eventually found the small room down a one of the many identical-looking hallways and after hanging the huge badge around my neck, complete with my name and website on it, I felt like I belonged.

Rio All-Suite Hotel & Casino
Rio All-Suite Hotel & Casino
When I walked into the Amazon Room a few minutes later, I felt like a complete outsider. One of the early tournaments was already underway – I wasn’t concerned about missing a little of the beginning – and perhaps needless to say, a wall of sights and sounds pummeled me as soon as I opened the door. I felt something similar to when I think about being in my grandparents’ house. Even though I spent plenty of time there as a young adult, my memories are often from the point of view of my childhood-self, when the front door was too heavy to open, when the pantry doorknobs were too high to reach, when I could get lost in the maze of history in the basement. I am over six feet tall, but when I first saw the endless expanse of poker tables and hordes of players, I immediately felt small, like I couldn’t see over the tables to the end of the room. I was afraid if I started walking, I’d get lost.

So I went to find press row. It didn’t take long, as it was one of the few areas of the Amazon room with no poker tables. A few long tables were set up, staff from various poker news outlets scattered about, chatting with each other or engrossed in their laptops. I found an open spot and started setting up shop when a woman looked up from her monitor and told me that the area was for media only. I showed her my badge and assured her that I was cool, but then she informed me that only *certain* media had the right to be there.** Oh.

I stammered something while trying look like yeah, I knew that, and swam to the nearest exit. After a few minutes of searching, I finally saw a sign for the “press room,” and I got excited again. The PRESS ROOM!

It was a bit disappointing. The press room was a long, narrow room, lined with tables on three sides. It was hot and crowded and I had to stake out my workspace early, but there was a food and drink table in the middle of the room, so it wasn’t all bad. And over the course of the two years I covered the WSOP live, I got to know some really interesting people in that room. It became a place I could just go to relax if I needed a break from the tournament but still wanted to be around people.

During the first week or so, I committed a gigantic blunder that I’m surprised didn’t result in someone scolding me. I was on my own at the WSOP, responsible for both writing about the tournaments and taking pictures to post on the site. Armed with my little point-and-shoot camera, I wandered around the tables snapping pics, trying to get cool shots of famous players. What I didn’t know was that flash photography was not allowed. It seems so silly now – I should’ve realized that a camera flash would be really irritating to players concentrating on poker. But there I was, flashing away. To make matters worse, most of the pictures were crap; the lighting was just dim enough and I was just far enough away from the players that the pictures were either too dark or blurry. My boss and I went out after a couple weeks to get an expensive, DSLR camera, which made me feel like a magician. No flash was needed – I was now an artist. Also, Mimi Rogers smiled at me when I took her picture.

As the WSOP moved along in 2005, I settled into a comfortable rhythm. I’d get to the Rio around noon, drop my laptop off in the press room, and head to the tournament room to wander around and get a read of the scene. I’d jot down notes on anything interesting going on, take some pictures, and then head to whatever final table was set to begin. For most of the day, I would take detailed notes at the final table, not content to just post some hand histories, but to actually give readers a sense of what that table was like. I wanted to present the real story of the final table and if that involved the retelling of zero hands, so be it. I would write my article in the wee hours of the morning, often finally posting it when the sun was rising.

During those two summers, the Rio at times felt like my home away from home. I spent 12-16 hours there every weekday, had my favorite seat at my favorite eatery (a Chinese place next to the sportsbook), knew where I could go for a little quiet time while still being treated to air conditioning, and even had a cheap video poker machine I could sit at for a while and only lose a few bucks. Eventually, I didn’t feel like an outsider. I kind of felt like the Rio was MY territory; I felt strangely important when I would guide my wife or other guest through the casino, knowing exactly the best routes to take to get places, or when I knew all the backroads of Las Vegas by heart so I wouldn’t have to drive on the Strip like a tourist.

I stopped attending the WSOP after 2006 because my wife gave birth to our first child and I wasn’t about to spend that much time away. For a few years, I would get nostalgic come WSOP-time, just thinking about the dinging and chiming of the video machines as I walked through the Rio or the sound tidal wave of thousands of players riffling chips as I opened the Amazon Room’s doors. Those memories have faded a bit; I don’t really miss that all that much anymore.

What I do still miss, though, are the people. I have never met a more fascinating mix of characters than I did when I was at the World Series of Poker. I got to take Doyle Brunson’s picture when he won a bracelet in 2005 and then showed it to him on the cover of Canadian Poker Player Magazine the following year. I got to interview all sorts of famous poker players. I got to play poker with Anthony Michael Hall and witness his double-take when I told him that Weird Science is amongst my top five favorite films. I was even interviewed myself for an author’s book. But more than the people who left me star-struck at the time, it was just fun to spend time with all sorts of people who I never would have met had the WSOP not thrown us together. A writer from a European website, customers of our site that won a seat in the Main Event, grizzled veteran poker beat writers, excited young guys trying to start an online poker room, and poker fans who were as excited as me just to be there. That’s not an experience you get every day.

I was an outsider when the 2005 WSOP began; ten years later I’m the grizzled veteran. Sometimes I do wish I could be back at the Rio in the thick of it and feel like a noob all over again, but life marches on. Sitting here at my son’s karate class works just fine for me.

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As part of a series called My Big Break, All Things Considered is collecting stories of triumph, big and small. These are the moments when everything seems to click, and people leap forward into their careers.

Once — before he'd hit the New York Times Best Sellers List, before he'd hosted a TV show, before he'd written a book whose film adaptation got an Oscar nomination for best picture — Ben Mezrich was just another struggling author.

"My first six books were medical thrillers that nobody read," he laughs. "Trashy, pop, sci-fi medical thrillers. One of them became a TV movie called Fatal Error, which is really horrible [and] airs at about 2 in the morning."

He was deep in debt and using credit cards to pay rent.

The night that things changed, a friend took him to an Irish pub in Boston called Crossroads, just across the Charles River from the Massachusetts Institute of Technology.

"There was this group of kind of geeky MIT kids who used to hang out there," Mezrich remembers. "They were regular MIT kids, but they had tons of money and all of it was in hundred dollar bills."

He remembers that those crisp bills caught his eye.

"The thing is that, in Boston, you never see $100 bills," he says. "I know in New York you see them all the time. In LA, you see them. In Vegas, they come right out of the ATM machine — but in Boston you never see $100 bills."

Mezrich was introduced to the group. Among them was a tall, athletic kid named Jeff Ma.

"'Why do you have all this money in hundreds?'" Mezrich remembers asking Ma. "And he invited me to his apartment and pointed to his laundry — and in his laundry was $250,000 in stacks of hundreds. It was incredible. I'd never seen so much cash in one place. And he said, 'Come to Vegas with me tomorrow; I want to show you something.' "

Mezrich had no regular job and was deep in debt anyway, so he figured: why not?

"It was him and five of his buddies, and the driver took us to this suite on the Strip. And the MIT kids came in and started pulling money out from under their clothes. They piled it up, and it was a million dollars in cash."

The kids from the dive bar were members of the MIT blackjack team. They invited him to watch as they hit the blackjack tables with their elaborate system for counting cards, complete with costumes, false identities and secret hand signals.

"It was like a real operation going on," he says. "I was blown away, because I'd been spending the past few years writing all this crap that nobody was reading. And here was a true story that was better than anything I could come up with on my own."

When Mezrich got back to Boston, he wrote up a book proposal and sent it off to his agent. The agent wasn't incredibly impressed. Las Vegas just wasn't "hot" yet, Mezrich recalls. This was back in the late '90s, before Ocean's Eleven and poker on TV.

He got his smallest advance ever — smaller than those medical thrillers — and his book, Bringing Down the House, was scheduled for a print run of just 12,000 copies.

To help promote the book, he wrote an article about the MIT blackjack team and their methods for Wired magazine.

Kevin Spacey read that article, called Mezrich, invited him to lunch at the Beverly Hills Hotel and told him he wanted to make a movie out of the book. The film adaption — renamed 21 — was released in 2008.

And that wasn't his only big break: A week before the premiere of 21, Mezrich received a strange email from someone who claimed that their friend had founded Facebook. That led to his meeting Eduardo Saverin, the co-founder and former chief financial officer of Facebook, who told Mezrich that he had "a story to tell."

That story became the best-selling Accidental Billionaires, which led to more phone calls from Hollywood mainstays: Aaron Sorkin, who wanted to adapt the book into a screenplay, and David Fincher, who wanted to direct the film. In 2010, The Social Network netted an Oscar nomination for best picture.

Mezrich's latest book is called Once Upon A Time In Russia: The Rise Of The Oligarchs, which chronicles the dramatic rise and fall of Russian billionaire Boris Berezovsky in the years after the fall of the Soviet Union.

The house would win more blackjack hands at Maryland casinos under a pending rule change approved Thursday.

State gambling regulators approved casinos' request to allow blackjack dealers to draw a card on a hand known as a "soft 17" — a change that would incrementally boost the house advantage and generate increased revenue.
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The change, endorsed on a voice vote at the monthly meeting of the Maryland Lottery and Gaming Control Commission, must be approved in Annapolis by the General Assembly's Joint Committee on Administrative, Executive and Legislative Review.

Rocky Gap proposes new slots, outdoor gambling
Rocky Gap proposes new slots, outdoor gambling
A year ago, the gaming control staff rejected the casinos' request to allow dealers to "hit" on a soft 17 — a hand adding up to 17 including an ace, which can be counted as a 1 or an 11 — instead of having to stand pat.

In blackjack, players try to score higher than the dealer without going over 21. Dealers at Maryland casinos must draw a card at 16 or below, and must now stand on all 17s. Players have no such restrictions.

Blackjack offers players the best odds of any game of chance in casinos, with the house holding a slight edge for players correctly applying basic strategy.

Maryland's rules are generally considered player-friendly. For example, Maryland casinos pay 3-to-2 on a blackjack, which occurs when a player reaches a perfect 21 by drawing an ace and 10-value card. That means a $10 bet yields $15. Some casinos in other states have blackjack payouts of 6-to-5.

Permitting dealers to hit on 17 would raise the house advantage by about 0.2 percent, said Charles LaBoy, the state's assistant director for gaming.

"It gives the casinos more flexibility to manage their floors," LaBoy said.

LaBoy said the revenue gains from such a shift would enable casinos to offer more tables permitting low bets — typically $10 or $15. Those tables are popular with players, but many blackjack tables at Maryland casinos now require higher bets.

cComments
The article was well written and made several good points. First, I'm all about allowing businesses to offer the games and rules they want. It is our job as consumers to decide what we are willing to accept. If the Horseshoe offers the new rule, hit soft 17, and Live says keep it the way...
CASINO INSIDER
AT 11:26 PM JUNE 19, 2015
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"They'd like to offer more of that," LaBoy said.

But Tom Hyland, a longtime professional blackjack player from New Jersey, said the proposal "is very significant, to the detriment of the player."

"The best way to think about it is, if you bet $100 a hand and you get 100 hands an hour, it would cost $20 an hour," Hyland said. "It's a serious windfall for the casino."

Hyland doesn't fault casinos for seeking the change.

"I kind of think casinos should be able to offer any game they want and then people can choose," he said. "The sad thing is, the general public doesn't even notice. Sometimes the dealer ends up busting [after a soft 17], but most of the time the dealer gets a better hand. You're never supposed to stand on soft 17 as a player."

Last year, the casinos told the state that the change would "increase the house advantage, which will increase revenue, tax dollars and make us comparable with other markets," according to a 2014 memorandum obtained by The Baltimore Sun through a Maryland Public Information Act request.

The casinos' initial proposal was rejected last year because Maryland decided that "changing the rules to essentially lower the payout to players was rather one-sided," LaBoy said at the time.

He said casinos came back this year "and essentially they made a good enough argument."

If approved, LaBoy said the change would be communicated to players with signs at tables where the change is in effect. But first it must be reviewed and voted on by the House-Senate committee, a process that can take months.

Also Thursday, the commission approved, without debate, the proposed $128 million merger of Lakes Entertainment, which owns Rocky Gap Casino Resort, and Las Vegas-based Golden Gaming.

Golden Gaming operates casinos and taverns, and a subsidiary known as Golden Route Operations installs and operates thousands of gambling machines in taverns, convenience stores and other retailers. Lakes' principal asset is Rocky Gap, the once-troubled state-owned resort it acquired for $6.8 million in 2012.

"It makes the company stronger," said Scott Just, Rocky Gap's general manager. "It makes us more diversified."

The commission also approved Rocky Gap's request to add 54 slot machines and create a new outdoor gambling area on an existing smoking deck. The change will enable patrons to smoke and gamble simultaneously.

The shift will put Rocky Gap on a more even footing with some casinos in West Virginia and Pennsylvania, where smoking is allowed inside, Just said.

DEADWOOD, S.D. — Casinos are betting next week's introduction of keno, craps and roulette in Deadwood will help reinvigorate the historic Black Hills town and level its odds against gambling hotspots across the country competing to attract players.
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The new games, overwhelmingly approved by South Dakota voters in November and authorized by lawmakers during the 2015 legislative session, are set to begin July 1. Casino operators and gambling industry advocates believe the new games will bring a type of customer to the historic mining city who would otherwise have traveled to Colorado or Iowa in search of the popular games.

"It changes the image of Deadwood to being a fully-fledged gaming destination competing on a national level," said Mike Rodman, executive director of the Deadwood Gaming Association. "We're just excited about the games, and 8 o'clock on July 1, we'll be playing them."

Rodman said the gambling industry is optimistic about a boost from the new games after roughly flat gambling revenue in 2013 and 2014. So far, 2015 revenues have grown by about 4 percent or 5 percent, he said, which is "not anything to jump up and down about."

A rough estimate for the amount of revenue the new games could add in Deadwood is about $2 million a year, but that number doesn't account for a boost in other benefits from more visitors such as increased spending on other games, Rodman said.

David Schneiter, general manager of Cadillac Jack's Gaming Resort, plans to offer the three new games, with roulette wheels and craps tables destined for a blackjack area on the casino's floor. Schneiter said casinos in Deadwood are missing out on earnings from people who would stop at a craps table to play if they saw one.

"It'll make a difference in Deadwood," Schneiter said. "It's not just a slot machine, blackjack, poker market anymore. We've got everything."

William Thompson, a gambling expert and professor at the University of Nevada, Las Vegas, said the new games will likely have a positive effect, but said he doubts it will cause a national stir.

"I don't see any reason why they shouldn't be optimistic," he said. "I just don't see it as a big game changer."

Matt Smith of Casper, Wyoming, is a craps lover — just the kind of player Deadwood casinos are trying to reach. He said the decision to add the games has changed his perception of a "small little gambling town."

Smith, who took a trip to Deadwood in November, said he plans on returning in the fall with the same group of friends to see the new games.

"It definitely gives me incentive to want to go back quicker," said Smith, 29. "It's definitely by far the most exciting casino game there is."

Tom Rensch, managing partner at the Silverado-Franklin Historic Hotel and Gaming Complex, also plans on offering craps and roulette on July 1. Customers have been asking for the games for years, he said, adding that the games should encourage more people to travel to Deadwood and grow the market.

Rensch thanked South Dakota voters for embracing the new games. In November, 57 percent of voters approved constitutional Amendment Q, which gave the Legislature the authority to implement the games in Deadwood and at tribal casinos.

Tom Scheffert, of Dorchester, Nebraska, is planning a trip to Deadwood for the July 1 opening of craps. Scheffert, 61, said he travels across the U.S. playing the game, which he likes for the excitement.

He said he's been to Deadwood before and wished for craps.

"Every year we'll make a couple trips up there," Scheffert said, now that the games are opening. "Before, we were basically never going back."