A major company in the iGaming industry that provides blockchain technology to regulated operators, BlockChain Innovations Corp, has signed a letter of intent with Capricorn Business Acquisition for a qualifying transaction as a first step of going public in 2018's third quarter.
This transaction will make BlockChain Innovations the first blockchain-wagering public company to supply solutions to regulated gaming markets in US, Europe, UK and elsewhere around the globe. BCI will utilize the exclusive financial advisor services provided by FMI Capital Advisory who will also be the financial agent completing the capital raise. The operator will be targeting strategic and institutional investors and profits will be used to invest in development of products and technology as well as brand awareness.
As Glob News Wire states, the company will exchange all its issued and outstanding common shared for common shares in the capital of Capricorn and become a wholly-owned subsidiary of Capricorn.
CEO, Matt Stafford commented: “With the US sports betting market opening and the go-public transaction set for the third quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets. I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”
BlockChain Innovations develops market-ready blockchain technology for real-money wagering and peer-to-peer gambling operators across the globe. Their blockchain technology has yielded a “fully functional crypto-currency wallet, a tipbot - PebbleGo for easily sending and receiving smart contracts.”
Source:
“Capricorn Business Acquisitions Announces Letter of Intent with Blockchain Innovations”, globenewswire.com, June 21, 2018.
Mike Takayama became the Philippines’ first WSOP gold bracelet winner after outlasting the massive field of this year’s $1,000 No-Limit Hold’em Super Turbo Bounty. Aside from the gold piece, which Takayama said he had always dreamt about, the player also collected $198,568 in prize money. 
Of all nine players left at the table, there were just two who had previously won gold bracelets from the series, with Jack Duong and Steve Jelinek being those two. Duong was eventually eliminated in eighth place, while Jelinek busted in fourth. 
The bidding process for a casino license at Elliniko, a multi-billion-euro project for an integrated resort at the site of the former Hellinikon airport near Athens, should be launched by the end of August, according to a list of pending privatization actions issued by the Greek government. 
The integrated resort is planned to occupy a 2-million-square-meter site where the former airport had previously operated. Construction stage is expected to create 10,000 jobs, while the complex, once complete, will employ more than 75,000 people. 
The Hong Kong-listed casino operator have asked the Commonwealth Casino Commission (CCC) to extend the time frame for the completion of Imperial Pacific Resort until the end of December 2018, according to the Saipan Tribune report.
Chinese police busted an illegal online gambling ring in the city of Shenzhen, local news outlets report citing information provided by local authorities earlier today. 
Earlier this month, a joint operation of Hong Kong and Mainland China police saw multiple raids taking place in a number of cities across China, including Shenzhen, to uncover illegal sports betting operations ahead of this year’s edition of the World Cup. 
Scott Seiver came back from being short-stacked at the bottom of the counts during five-handed action to make it to heads-up play against fellow American Matt Szymaszek.
The match was short and swingy. Seiver started with a 2-1 lead and quickly had Szymaszek down to just a few bets. Szymaszek then managed to come back from a 10-1 deficit to overtake the chip lead.
Seiver fought back well and pulled off a big bluff with jacks up, which left less than 30 big bets on the table. With limits so big[...]
covenant on the loan, originally required that the hotel operations be open by the end of July, 2017; however, SSH has renegotiated the terms several times with the lender since the original agreement was signed. In a filing from yesterday, SSH now hopes to open the hotel by July 31 of this year – instead and has contacted the lender about another extension. The unnamed lender has still not provided written confirmation by the time this story was written.
The Pennsylvania Gaming Control Board slapped on Wednesday a $52,500 fine on Valley Forge Casino Resort for giving out excessive amounts of free slot play to high-volume customers in the period between 2015 and 2016. 
This was not the first time the gaming resort was nabbed by Pennsylvania regulators. Back in 2013, the property received a $200,000 fine after being found that it had offered Dining Club memberships through a special promotion of little or no financial consideration. However, under state gaming regulations, patrons are required to spend at least $10 at a casino complex in order to be admitted to its gaming floor. 
Tommy Nguyen, a 28-year-old Canadian student making his first appearance at the WSOP, outlasted a massive field of 6,260 entries over four days of play in Event #48: $1,500 No-Limit Hold'em MONSTER STACK to win a massive $1,037,451 and his fist World Series of Poker bracelet!
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Like kids demanding to open their presents on Christmas Eve instead of Christmas morning, Atlantic City’s two new/old casinos opened their doors to the public one day ahead of schedule. 
On Tuesday, Loren Klein won the biggest $10,000 pot-limit Omaha championship in World Series of Poker history. The tournament (Event #49: $10,000 Pot-Limit Omaha 8-Handed Championship) attracted 476 entries and Klein, 32, received $1,018,336 in prize money and his third WSOP bracelet!
Besides Allen Cunningham and Matt Matros, Klein is the only player to have won a bracelet three years in a row in the post-Moneymaker era! Klein scored his first bracelet in a no-limit hold'em/pot-limit Omaha mixe[...]
USA's Shaun Deeb, 32, bested a star-packed field in Event #42: $25,000 Pot-Limit Omaha 8-Handed High Roller to claim yet another WSOP bracelet and $1.4 million in prize money! It was the Las Vegas-based online and live poker pro's third WSOP bracelet after winning his first two in 2016 and 2017. Not to forget, the $1,402,683 winner's check is the largest of his career!
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Timur Margolin from Israel became the latest member of the WSOP’s club of gold bracelet winners. The player bested a pack of 1,248 tournament entries in the $2,500 No-Limit Hold’em or Event #43 on the schedule of this year’s edition of the series. 
Margolin’s road to victory was quite bumpy, particularly on the final day of play. Action was supposed to take place over three days, but was extended into an additional fourth one. That last day of play started with six remaining hopefuls. They were led by Ferguson who held 5.68 million in chips when cards were thrown in the air. Margolin was second in chips at the time with 3.52 million. 
Poland’s casino license derbies have turned nasty as two competitors accuse each other of making wildly outlandish revenue claims to boost their chances of winning new licenses. 
Politiko reported that the COA ordered NPF to cancel the contract it entered with LIDL’s subsidiary Landing Resorts Philippines Development Corp. (LRPDC) on grounds that it was detrimental to the government.
Bruce is an executive with global experience. He has been in the hospitality industry for more than 30 years, having held a variety of culinary positions in Australia, Malaysia, Japan, Belgium, Britain and the United Arab Emirates. He began working for the Hyatt company in 1999 as the Food & Beverage Director for Hyatt Hotel Canberra in Australia, and has been with them ever since.
Three days ago, Nicholas Seiken, a real estate broker from Texas, entered his first-ever standalone 2-7 Triple Draw event to eventually take it down, battling and outlasting a pack of seasoned pros. Late last night, the player joined the club of WSOP gold bracelet winners as he remained the last man standing in this year’s $10,000 Limit 2-7 Lowball Triple Draw Championship. 
By the time the official six-handed final table was set, Seiken had already built quite a stack. The player entered that final stage of the game as the chip leader with a significant lead over the next in line, who happened to be Bonyadi. 
Betfred founder Fred Done received a £10.2 million dividend, as the company is gearing up for massive lay-offs and betting shop closures following the UK government’s recent announcement that it intends to crack down on the nation’s gambling machines sector. 
Betfred’s operations also include an online gambling platform, which the company will probably seek to boost in an attempt to offset the losses incurred by the FOBTs clampdown, as well as the Tote racing pool business. 
Robert Nehorayan is known by many as Rec Rob, his nickname derived from him identifying himself as a recreational player. However, he outlasted last night a field that included seasoned poker pros like Daniel Negreanu, Chris Ferguson, and Ari Engel to win his first gold bracelet from the WSOP and his largest cash of $173,568. 
Day 3 of the tournament kicked off with 19 survivors in contention but seven of them quickly headed to the payout desk within the first 90 minutes of play. Action slowed up a bit afterward, as finalists became more aware of the event’s approaching end. 
