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World P<span id="more-3812"></span>oker Tour Indications Asian Licensing Deal with Ourgame International

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

The World Poker Tour is using steps to improve its existence in Asia by signing a licensing and promotional contract with Ourgame Overseas.

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

Ourgame is a card that is online board game company with a strong presence in a lot of Asian areas.

Beneath the regards to the agreement, Ourgame need the exclusive right to make use of the WPT logo and trademarks in over a dozen Asian countries, including China, Hong Kong, Indonesia, Korea, Macau, Malaysia, Taiwan, Thailand, the Philippines and Vietnam.

The offer also incorporates a non-exclusive deal for Japan. The certification agreement shall be in place 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 part of this success was based on our strong partnership that is working Ourgame, who established WPT National 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 into the future,’ he included.

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

‘As Asia’s leading card and board game platform, we are happy to have discovered a great worldwide partner in the World Poker Tour, as we start to expand from China to Asia,’ stated Ourgame CEO Frank Ng. ‘Over the past three years, we have worked together to maybe not only establish WPT National China as certainly one of the largest and most influential poker events in Asia, but also introduced world-class poker tournaments to your fast-expanding Chinese poker community.’

The WPT’s brand name and worldwide experience would have been a significant asset to us even as we expand overseas, and we have every confidence we will together achieve far more success in Asia.’

China Could Be Major Development Marketplace for Poker

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

That will come as a surprise with a, considering the restrictive gambling rules in place in mainland China that normally send Chinese gamblers to Macau or other destinations whenever they would like to put their bets.

But the WPT has handled to launch one or more major poker competition on the mainland, one which has quite an interesting tale behind it. For a 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 World Series 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 successfully won a license to televise the nationwide Tractor Poker Tournament in the national country starting in 2007. Round the same time, Macau casinos started offering Texas Hold’em and other traditional types of poker, raising interest in those games through the region.

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

Las Vegas Soccer Stadium Approved by City Council

An artist’s rendition of how the completed Las vegas, nevada soccer arena might look. The record handle foe the Las Vegas sports books during the World Cup suggests there may 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 week, as the Las vegas, 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 cost 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 24 months to construct.

Should Las vegas, nevada not be chosen by MLS being an expansion team in advance, the stadium would not be built.

Mixed Feelings

Despite a real desire for a major league team in vegas, reactions to the notion of a soccer team have been mixed, mainly due to issues about the cost to the taxpayer, as well as perhaps partly because People in the us aren’t completely sure whether they love soccer sufficient yet, a factor that could influence the profitability of the venture.

However, the nevada activities books will always a better indicator of the general public mood in the things than any survey ever could 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 recreations publications reported the biggest handle ever recorded during the thirty days of June, usually the slowest period of the 12 months. Some large sports books regarding the Strip also 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, though the concept of a downtown stadium has been around the pipeline for a long time, and Mayor Carolyn Goodman, one of its most vocal proponents, said it will produce jobs and improve development that is economic.

Ahead Thinking

‘ Our charge is to assist the downtown sustain a viability as a place to come 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 choice. ‘We applaud Mayor Goodman and the Las Vegas City Council for approving the measure to guide a partnership that is public-private build a fresh 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 team for Las Vegas.’

Plus it may not be the only major recreations team winging its way to Las vegas, nevada soon.

MGM Resorts Overseas is thought as in initial talks with a team that would like 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 New York ny and is anticipated 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; but he must have nothing to accomplish using the day-to-day running for the casino. (Image: jewishbusiness.com)

Sam Nazarian, the man who redeveloped the Sahara into the boutique casino hotel SLS Las Vegas, had been awarded a small gaming license on Thursday following a three-hour grilling by the Nevada Gaming Control Board about his private life and business deals.

The LA nightclub mogul had been 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 guy called Derrick Armstrong, a shadowy figure with a criminal record.

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

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

Substance Abuse

As owner of a ten percent stake in SLS, Nazarian is necessary by legislation to possess a license that is gaming 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 prepared to deny a permit but softened their stance during the hearing, awarding a one-year limited gaming license with a raft of conditions, certainly one of which stipulated that Nazarian must refrain from involving himself within the day-to-day management associated with casino.

He also needs to go through drug-testing that is regular.

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

‘It’s not been easy looking into the mirror,’ Nazarian told the hearing. ‘I apologize to the video gaming agents for not being candid. I also apologize to the board members. ‘My parents are disappointed, however they are really supportive,’ he included.

The Nazarian family, which left its indigenous Iran for the US in the wake of this Iranian revolution, is one of the richest Mizrahi Jewish families in the world, 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 modify his assortment of exotic cars.

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

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

‘All I require is a chance to regain your trust,’ Nazarian stated. ‘You have my commitment, and excuse me for the mistakes I made.’

‘I want the board with 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 ladbrokes casino ireland task. ‘I think during this period that is limited’ve given you enough rope to hang your self.’

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