World Poker Tour Indications Asian Licensing Deal with Ourgame Global

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World P<span id="more-14109"></span>oker Tour Indications Asian Licensing Deal with Ourgame Global

The MGM Grand Sanya has hosted the WPT National China poker competition for the last three years.

The planet Poker Tour is taking steps to improve its presence in Asia by signing a licensing and promotional agreement with Ourgame Global.

Ourgame and the WPT have worked together in the past, including having partnered to generate the WPT National China poker tournament.

Ourgame is a card that is online board game company with a strong presence in many Asian markets.

The philippines and Vietnam under the terms of the agreement, Ourgame will have the exclusive right to use the WPT logo and trademarks in over a dozen Asian nations, including China, Hong Kong, Indonesia, Korea, Macau, Malaysia, Taiwan, Thailand.

The offer also incorporates a deal that is non-exclusive Japan. The certification agreement will be in effect for seven years.

WPT Hopes to Expand Footprint in Asia

‘The World Poker Tour has worked hard to expand its footprint throughout Asian territories over the past few years with much success,’ said WPT President Adam Pliska. ‘A big element of this success was according to our strong working partnership with Ourgame, who established WPT nationwide China at MGM Grand Sanya.’

‘By working with Ourgame to grow the WPT brand in Asia, we are assuring that the recent growth that is strong of WPT in the region will carry on for many years to come,’ he added.

The ability to use one of the world’s most powerful poker brands as they work to expand their reach through the region for Ourgame, the move gives the company.

‘As China’s leading card and board game platform, we are extremely pleased to have found a great global partner in the World Poker Tour, we been employed by together not to only establish WPT National China as one of the largest and most influential poker events in Asia, but also introduced world-class poker tournaments to the fast-expanding Chinese poker community. as we begin to expand from China to Asia,’ said Ourgame CEO Frank Ng. ‘Over days gone by three years,’

The WPT’s brand and global experience would have been a significant asset to us even as we expand offshore, and we have every confidence that we will together attain more success in Asia.’

China Could Be Major Development Market for Poker

Asia, and China in particular, are anticipated to be big growth areas for poker in the coming years.

That could come as being a surprise to some, considering the gambling that is restrictive in place in mainland China that normally send Chinese gamblers to Macau or other destinations whenever they want to put their bets.

Nevertheless the WPT has managed to launch one or more poker that is major on the mainland, the one that has quite an interesting story behind it. For the time that is long China didn’t have much of a poker scene, at least not one that played the kinds of games you would find at the World number of Poker.

Instead, Chinese gamblers played a game known as tractor poker, a two deck game with jokers by which players tried to win tricks, as in bridge or spades.

Wanting access to China, the WPT effectively won a permit to televise the nationwide Tractor Poker Tournament in the national nation starting in 2007. Around the exact same time, Macau casinos began offering Texas Hold’em and other traditional types of poker, raising interest in those games through the entire region.

In 2012, the WPT ended up being provided permission by the China Leisure Sports Administration to change their tournament up to a no-limit hold’em format: a change that has now remained in spot for the last three years.

Vegas Soccer Stadium Approved by City Council

An artist’s rendition of the way the finished Las vegas, nevada soccer arena might look. The record handle foe the vegas recreations books during the World Cup suggests there could be described as a appetite that is huge soccer in Las Vegas. (Image: ftw.usatoday.com)

Major League Soccer in Las Vegas moved one step closer to the goal line this week, as the nevada City Council voted 4-3 to approve subsidies for a controversial $200 million stadium project that hopes to entice the sport to the city.

The City Council has agreed to contribute $25 million towards the construction associated with venue that is 24,000-seat Symphony Park, plus a further $31.5 million on improving infrastructure at the web site.

Meanwhile, the developers will contribute $133.5 million toward construction costs and will cover the price of acquiring the franchise, which is anticipated to top $100 million.

According to, Justin Findlay, managing partner of co-developers Findlay Sports and Entertainment, the stadium would take 18 to a couple of years to build.

Should Las vegas, nevada not be opted for by MLS being an expansion group in advance, the stadium wouldn’t be built.

Mixed Feelings

Despite a real desire for a major league team in Las vegas, nevada, reactions to the notion of a soccer team have been blended, mainly due to concerns about the fee to the taxpayer, as well as perhaps partly because Us americans aren’t completely sure whether they love soccer enough yet, a factor that could impact the profitability associated with the venture.

However, the vegas recreations books are always a better indicator of the public mood in the issues than any survey ever could possibly be, and the record handle taken during the World Cup in June indicate a Las Vegas appetite for soccer, and betting on it, is huge.

The recreations publications reported the handle that is biggest ever recorded through the thirty days of June, often the slowest period of the year. Some large sports books on the Strip even reported ‘NFL Football-like’ crowds Team USA that is watching matches.

The City Council has been negotiating the stadium deal with development partners Cordish Cos. and Findlay Sports and Entertainment since final May, however the concept of a downtown stadium has been doing the pipeline for decades, and Mayor Carolyn Goodman, one of its most vocal proponents, said it’s going to produce jobs and boost financial development.

Ahead Thinking

‘ Our charge is to help the downtown sustain a viability as a accepted spot in the future to,’ she said. ‘We’re ahead thinking and none of us like the status quo. You can’t go backwards.’

MLS was quick to issue a statement praising the council’s decision. ‘We applaud Mayor Goodman plus the Las Vegas City Council for approving the measure to aid a public-private partnership to build a new soccer stadium in downtown Las Vegas,’ it said. ‘We look forward to continuing the Cordish Company to our discussions and Findlay Sports & Entertainment regarding a possible expansion group for Las Vegas.’

Plus it is probably not the sole sports that are major winging its means to Las Vegas quickly.

MGM Resorts Overseas is understood to be in initial talks having a team that wants to bring A national Hockey League Team to Las Vegas to play at its $350 million sports that are new.

The MGM-AEG that is 20,000-seater Arena currently under construction behind ny nyc and it is expected to be finished in early 2006.

Sam Nazarian Granted Gaming License Despite Checkered History

Sam Nazarian, whom was awarded a gaming license by the skin of his teeth; however he should have nothing to accomplish using the running that is day-to-day of casino. (Image: jewishbusiness.com)

Sam Nazarian, the man who redeveloped the Sahara in to the boutique casino resort SLS Las Vegas, was awarded a restricted video gaming license on Thursday after a three-hour grilling by the Nevada Gaming Control Board about their private life and company deals.

The LA nightclub mogul was indeed likely to be refused a license after disclosures during a recent routine hearing that he had lied about cocaine use and had made around $3 million in payments to a man called Derrick Armstrong, a shadowy figure with a history that is criminal.

Some of this money had found its method to convicted racketeering criminal Suge Knight, the founder of Death Row records, investigators discovered.

In one especially surreal minute during Thursday’s hearing, Armstrong really turned up demanding to handle the Gaming Commission himself, but had been arrested outside of the building on suspicion of grand theft and passing bad checks.

Substance Abuse

As owner of a ten per cent stake in SLS, Nazarian is needed by legislation to possess a gaming license, as does anybody who owns more than 5 % of a casino in Nevada.

Three of the four-member Control Board panel said they had initially planned to deny a permit but softened their stance during the hearing, awarding a one-year gaming that is limited with a raft of conditions, one of which stipulated that Nazarian must avoid involving himself into the day-to-day management regarding the casino.

He must also undergo regular drug-testing.

Nazarian apologized to the Control Board for his dishonesty about his drug-taking and admitted past utilization of ladbrokes mobile mobile casino games ecstasy, cocaine and cannabis and he is seeking help from a substance abuse specialist in LA.

‘It’s not been easy looking into the mirror,’ Nazarian told the hearing. ‘I apologize to the gaming agents for not being candid. I also apologize to the board people. ‘My moms and dads are disappointed, however they are extremely supportive,’ he included.

The Nazarian family, which left its indigenous Iran for the US in the wake for the Iranian revolution, is one of the richest Mizrahi Jewish families in the planet, with an estimated fortune of $2 billion.

Extortion Claim

Nazarian stated in a previous hearing that his relationship with Armstrong, who was convicted of medication offenses and money laundering, was based on extortion.

Nazarian said he met Armstrong in 1999 when he employed him to customize his assortment of exotic automobiles.

Armstrong then borrowed money from Nazarian to open vehicle shop, before demanding $1 million more while threatening to damage or embarrass him.

Nazarian reported the threats towards the police in 2005 but continued making payments up until 2013.

‘All I request is just a opportunity to regain your trust,’ Nazarian said. ‘You’ve got my commitment, and i am sorry for the mistakes I made.’

‘I want the board in this investigation to drive you crazy,’ responded Tony Alamo, chairman of Gaming Commission, who admitted this he had ‘never been this close’ to a vote for denial in six years in the task. ‘I think during this limited period we’ve given you enough rope to hang yourself.’

Gaming Commissioner John Moran Jr said: ‘I’ve paid attention to you today and you swayed me a bit. We wish to put sufficient conditions on you to make sure you do not mess up.’

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