World Poker Tour Signs Asian Licensing Deal with Ourgame Overseas

World P<span id="more-8592"></span>oker Tour Signs Asian Licensing Deal with Ourgame Overseas

The MGM Grand Sanya has hosted the WPT National Asia poker tournament for the past three years.

The planet Poker Tour is taking steps to increase its existence in Asia by signing a licensing and agreement that is promotional Ourgame International.

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

Ourgame is an online card and board game company with a strong presence in several Asian areas.

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 contains a deal that is non-exclusive Japan. The licensing agreement will be in effect for seven years.

WPT Hopes to Expand Footprint in Asia

‚The World Poker Tour did difficult to expand its footprint throughout Asian territories over the final years that are few much success,‘ said WPT President Adam Pliska. ‚A big element of this success was according to our strong partnership that is working Ourgame, who established WPT nationwide China at MGM Grand Sanya.‘

‚By working together with Ourgame to grow the WPT brand in Asia, we are assuring that the recent growth that is strong of WPT in your community will continue for numerous years into the future,‘ he added.

For Ourgame, the move gives the business the ability to utilize certainly one of the world’s most powerful poker brands while they work to expand their reach through the location.

‚As China’s leading card and ladbrokes online casino rigged game platform, we are happy to have discovered a great international partner in the World Poker Tour, we been employed by together to not only establish WPT National Asia among the largest and most influential poker events in Asia, but also introduced world-class poker tournaments towards the fast-expanding Chinese poker community. as we begin to expand from China to Asia,‘ said Ourgame CEO Frank Ng. ‚Over the last three years,‘

The WPT’s brand name and worldwide experience would have been a significant asset to us that we will together achieve much more success in Asia. once we expand overseas, and we’ve every confidence‘

China Could Be Major Development Market for Poker

Asia, and Asia in particular, are expected to be big growth markets for poker in the coming years.

That may come as being a surprise to some, considering the restrictive gambling rules in spot in mainland China that normally send Chinese gamblers to Macau or other destinations when they would like to place their bets.

But the WPT has managed to launch at least one major poker competition on the mainland, one that has quite an interesting story behind it. For the time that is long Asia didn’t have much of a poker scene, at least not one that played the kinds of games you’d find at the planet variety 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 connection or spades.

Wanting access to China, the WPT successfully won a license to televise the National Tractor Poker Tournament in the national nation starting in 2007. Round the exact same time, Macau casinos began offering Texas Hold’em and other traditional types of poker, raising interest in those games throughout the region.

In 2012, the WPT was granted permission by the China Leisure Sports Administration to change their tournament to a no-limit hold’em format: a change that has now remained in spot for days gone by three years.

Las vegas Soccer Stadium Approved by City Council

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

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

The City Council has agreed to contribute $25 million towards the construction of the 24,000-seat location in Symphony Park, plus a further $31.5 million on improving infrastructure at the site.

Meanwhile, the developers will contribute $133.5 million toward construction costs and will cover the price of acquiring the franchise, which is expected 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 not be selected by MLS being an expansion team in advance, the stadium wouldn’t be built.

Mixed Feelings

Despite a real wish to have a major league team in nevada, reactions to the thought of a soccer team have been mixed, primarily due to issues about the fee to the taxpayer, and maybe partly because People in america aren’t completely sure whether they love soccer enough yet, a factor that could influence the profitability associated with venture.

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

The activities publications reported the biggest handle ever recorded throughout the month of June, often the slowest period of the year. Some large sports books on the Strip also reported ‚NFL Football-like‘ crowds Team USA that is watching fits.

The City Council has been negotiating the stadium deal with development partners Cordish Cos. and Findlay Sports and Entertainment since last might, nevertheless the concept of a downtown stadium has been doing the pipeline for years, and Mayor Carolyn Goodman, one of its most vocal proponents, stated it will produce jobs and boost financial development.

Forward Thinking

‚ Our charge is always to assist the downtown sustain a viability as a spot in the future to,‘ she said. ‚We’re forward 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 while the Las Vegas City Council for approving the measure to support a public-private partnership to build a fresh soccer stadium in downtown Las Vegas,‘ it stated. ‚We look forward to continuing our talks using the Cordish Company and Findlay Sports & Entertainment regarding a possible expansion team for Las Vegas.‘

Plus it is probably not the only major sports team winging its means to Las vegas, nevada quickly.

MGM Resorts International is understood to be in preliminary talks by having a team that would like to bring a nationwide Hockey League Team to Las Vegas to play at its $350 million new sports arena.

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

Sam Nazarian Granted Gaming License Despite Checkered History

Sam Nazarian, who was awarded a gaming license by skin of his teeth; nevertheless he must have nothing doing with the running that is day-to-day of casino. (Image: jewishbusiness.com)

Sam Nazarian, the man who redeveloped the Sahara to the boutique casino hotel 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 business deals.

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

A few of this money had discovered its solution to convicted racketeering criminal Suge Knight, the founder of Death Row records, investigators discovered.

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

Drug Abuse

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

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

He also needs to undergo regular drug-testing.

Nazarian apologized to the Control Board for his dishonesty about his drug-taking and admitted previous use of ecstasy, cocaine and cannabis and he is seeking help from a substance abuse professional in LA.

‚It’s maybe 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 parents are disappointed, however they are extremely supportive,‘ he added.

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

Extortion Claim

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

Nazarian said he met Armstrong in 1999 as he employed him to modify his collection of exotic vehicles.

Armstrong then borrowed money from Nazarian to start a motor automobile shop, before demanding $1 million more while threatening to damage or embarrass him.

Nazarian reported the threats to the police in 2005 but continued payments that are making until 2013.

‚All I ask for is just a opportunity to regain your trust,‘ Nazarian stated. ‚You’ve got my commitment, and I apologize for the mistakes I made.‘

‚the board is wanted by me during 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 period that is limited’ve given you enough rope to hang yourself.‘

Gaming Commissioner John Moran Jr said: ‚I’ve heard you today and you swayed me a bit. We wish to put sufficient conditions that you don’t mess up. on you so‘

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