July Slotland Jackpot Win Worth $169,072
July Slotland Jackpot Win Worth $169,072 One of the things about Slotland is that all of their games are tied together into a big progressive jackpot. So even though they might not be the most popular online and mobile casino out there in terms of the quantity of jackpots that they have available, they do have a sizable payout that happens on a regular basis that’s usually in the range of $150,000 to $175,000. This jackpot was hit once again, and it just goes to show that you can become a big winner if you have the right timing at the right site like Slotland. A lucky Canadian player who wishes to remain anonymous hit the progressive at Slotland recently. His payout was worth $169,072, and he was playing the Tikal Treasure slot at the time on their instant play platform. This jackpot hits several times each year, and they have paid out a number of big winners as a result. The most recent winner said he’s been playing with Slotland for about four years, and his session started off with a couple of wins in the $1,000 range that kept him floating along until he took down the biggest payout available. This player said he’ll probably pay down some debt and that he was drawn to Slotland because of how quick they are with deposits, withdrawals and bringing out new games. Michael Hilary is the Slotland casino manager, and he said, “Maybe Slotland’s jackpot never gets to be millions of dollars, but that’s becaue it’s hit so often! We’ve had a lot of jackpot winners who, believe me, were all quite happy to walk away with a couple hundred thousand!” Their jackpots hit so often because every single one of their slots is tied to the same progressive. Not only does this make it one of the largest linked jackpots over multiple titles in the industry, but it also makes it easier for players to choose different games without feeling like they’re missing out on a chance for a bit payday. Slotland is an excellent place to enjoy a nice selection of slots that you won’t find anywhere else. Their proprietary software means that they have a collection of games that aren’t available at other sites, and this is a big change from the software companies who can have dozens of different operators all using the same set of games for players. The Latest Online Casino & Gambling Related News Casino gaming is a terrific business, with a lot going on. We want you to know what’s happening, because we know it’s ultimately going to make you a better consumer. Toward that end, we supply you with links to some of the latest that is going on in this fast-moving, ever-changing industry. The five latest news items added to Best Casino Sites Online can be found featured in the list of news below. For more news including our archives click here.
MGM Resorts and Aliante Casino Launch Mobile Betting Products
MGM Resorts and Aliante Casino Launch Mobile Betting ProductsMGM Resorts, Aliante Casino make foray into mobile sports betting. Mobile betting enthusiasts in the state of Nevada have received some very good news this week as two land-based casinos decided to enter the mobile betting market. MGM Resorts, one of the leading Las Vegas casino operators, has just revealed that Nevada gamers will be able to access their mobile betting application starting from November. The company CEO Jim Murren hinted last month that MGM would stop expanding their casino floors and focus on other business areas and this is probably what he had in mind. MGM Resorts Mobile App to Launch in November Having joined forced with well-known software provider International Gaming Technology (IGT), MGM Resorts is ready to launch its mobile betting app in November, although chances are that the new betting system will not kick off until next summer. The company will offer anyone within Nevada borders who offers an account at their local sportsbook an opportunity to place wagers on the move, via the mobile app. MGM sports and race vice-president Jay Rood has revealed that customers will be handed out cards with mobile wagering information as they enter each of their three Las Vegas casinos and then be able to make deposits at a kiosk nearby. Aliante Casino Mobile Application Already Available Meanwhile, Aliante Casino has recently rolled out their mobile betting application. Their product runs on Miomni Gaming software and has been designed for rewarding gaming experience on iPhone and Android. Even if the players can place their wagers across Nevada, the only way to open an account, make deposits and withdrawals is in person, at the Aliante Sports Book in North Las Vegas. Sports betting in Nevada has only accounted for 2 per cent of the overall casino revenue in 2014, with leading books having generated $227 million, but the good news is that this type of gambling is on the rise. Sports betting revenue has been on a constant rise over the last few years despite the fact that total gaming revenue has been on the decline. There are still no studies that would show the impact of mobile betting, but there is a good chance this vertical will be on the rise as well, with Nevada having approved the first betting app some five years ago.
Howard Stutz – Caesars reaches restructuring agreement with second-tier creditors
Howard Stutz – Caesars reaches restructuring agreement with second-tier creditorsCaesars Entertainment Corp. struck an agreement with a large group of the company’s second-tier debt holders, which could smooth out the bankruptcy reorganization of the casino operator’s largest business division.However, the deal would delay Caesars Entertainment Operating Co.’s exit from the process by six months.In a filing with the Securities and Exchange Commission late Monday, Caesars said the agreement gives the creditors, who are owed billions of dollars, “a substantial improvement in recoveries” once the bankruptcy restructuring is completed.Caesars said the agreement would become effective once 50 percent of the holders have signed on to the plan. Caesars did not say what percentage of the group had approved of the deal. Bloomberg News reported that the group that struck the deal with Caesars owns about 30 percent of debt and includes several hedge fund giants, including Paulson & Co., Canyon Partners and the Soros Fund Management.Under the agreement, bond holders signing onto to the plan will receive a forbearance fee of at least $200 million in convertible debt to be issued by Caesars Entertainment “in consideration for forbearing in respect to certain alleged defaults.”The announcement gave shares of Caesars Entertainment a boost the stock had not seen in several months. The company’s stock price rose as much as 27 percent on the Nasdaq on Tuesday, before settling back. Shares closed at $8.02, up $1.47 or 22.44 percent. Shares of Caesars Acquisition Co., which is 57 percent owned by Caesars Entertainment, also jumped on the Nasdaq, closing at $7.78, up 59 cents or 8.21 percent.In January, Caesars struck agreements with more than 80 percent of its largest lenders to place CEOC into a planned Chapter 11 bankruptcy reorganization. The division controls Caesars Palace, Caesars Atlantic City, Harrah’s Reno Casino and Hotel, and more than a dozen regional properties.Analysts said an agreement with a majority of the second-tier creditors was needed to speed along the bankruptcy case, which is being heard by a judge in the U.S. Bankruptcy Court in Chicago. Caesars is facing several lawsuits in New York and Delaware from creditors over the company‘s actions leading up to the bankruptcy.Bloomberg reported the original plan was to exit CEOC from bankruptcy by February, but the new restructuring plan pushes the date back to July 2016.Caesars Entertainment has a gaming industry high $22.8 billion in long-term debt, of which $18.4 billion is attached to CEOC. Through bankruptcy, the company hopes to eliminate almost $10 billion of the division‘s debt and convert CEOC into a real estate investment trust.Among several new commitments announced Monday night, Caesars said it would move Harrah’s New Orleans Casino and Harrah’s Laughlin Casino & Hotel, not currently part of the bankruptcy, into the planned REIT. Harrah’s New Orleans is controlled by Caesars Acquisition, which would be folded back into the parent company at the conclusion of the bankruptcy.Caesars took on the bulk of its debt in a $30.7 billion buyout by private equity firms Apollo Global Management LLC and TPG Capital.Under terms of the new agreement, Caesars will contribute a 5 percent equity stake in the REIT to the second lien debt holders, who will also have options, under certain conditions, to purchase a minimum of 2.5 percent REIT shares issued to first-lien debt holders.Caesars officials did not make any comments about the restructuring plans.The deal was announced a few hours after the company’s lawsuit against a group of creditors was dismissed by a New York state court judge.Caesars alleged in an August 2014 lawsuit that the second-lien creditors harmed the company through false allegations and demand letters.According to a court filing, Caesars offered to withdraw the lawsuit, although it wanted to leave open the possibility of refiling it, which prompted the second-lien bond holders to seek a dismissal.Caesars stock hit a 52-week low in June of $5.94 as investors worried the outcome of the legal proceedings could leave the casino operator in the hook to pay more than $1 billion in debt obligations. Several analysts believe an adverse decision against the company could force Caesars to follow CEOC into bankruptcy.TheStreet.com rating team placed a “hold” recommendation on Caesars shares, telling investors the company has “weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.”Copyright GamingWire. All rights reserved.
500.com Welcomes Tshinghua Unigroup as Strategic Investor
500.com Welcomes Tshinghua Unigroup as Strategic Investor SHENZHEN, China, June 9, 2015 /PRNewswire/ — 500.com Limited (NYSE: WBAI) (“500.com” or the “Company”), a leading online sports lottery service provider in China, today announced that it has entered into a definitive purchase agreement with Tsinghua Unigroup International Co., Ltd. (“Tsinghua Unigroup”), a subsidiary of Tsinghua Unigroup Co., Ltd, for the issuance and sale of newly issued ordinary shares of the Company.Pursuant to the purchase agreement, Tsinghua Unigroup International Co., Ltd. will purchase 63,500,500 newly issued Class A ordinary shares of the Company for a total purchase price of approximately US$123.8 million in cash. The per share purchase price of US$1.95 (corresponding to US$19.5 per American Depository Receipts) represents a 1.4% discount of the average closing trading price of the Company’s ordinary shares for the 30 trading days ended June 8, 2015, or a 17.9% discount of the closing trading price of the Company’s ordinary shares on June 8, 2015, the day prior to the date of the purchase agreement.Unigroup International has agreed to subject all the shares it or its affiliate will acquire in the transaction to a contractual lock-up restriction for six month after the closing. The closing is expected to take place on or before June 30, 2015, upon satisfaction of customary closing conditions.Upon closing, Tsinghua Unigroup will hold 15.2% of the Company’s issued and outstanding ordinary shares. Pursuant to the purchase agreement, the Company agreed, and the board of directors of the Company approved, to appoint Mr. Weiguo Zhao, the chairman of Tsinghua Unigroup, as a director of the Company upon closing. Since 2009, Mr. Weiguo Zhao has served various management roles in Tsinghua Unigroup, including CEO and chairman. Mr. Weiguo Zhao also serves as a senior vice president of Tsinghua Holdings Ltd. Mr. Weiguo Zhao serves as the chairman and CEO of Beijing Unis Communications Technology Group Ltd. Mr. Weiguo Zhao has served as the chairman of Beijing Jian Kun Investment Corporation Ltd. since 2003. Mr Zhao also serves as a director of TCL Corporation and Tongfang Co., Ltd. from 2015. Mr. Weiguo Zhao is 48 years old and holds a Master of Science degree in electronics engineering from Tsinghua University.Tsinghua Unigroup Co., Ltd. is majority owned by Tsinghua Holdings Co., Ltd. which is 100% owned by Tsinghua University.Mr. Zhengming Pan, the chief executive officer of the Company, commented, “We want to welcome Tsinghua Unigroup as a shareholder to our company and to express our appreciation to Tsinghua Unigroup’s confidence in our company. We believe the partnership between Unigroup and our company will be long term and mutually beneficial. The partnership will also bring Tsinghua University’s strong technical and research capabilities to 500.com.”About 500.com Limited500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the third companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in charge of the issuance and sale of sports lottery products in China.About Tsinghua Unigroup Co., Ltd.Tsinghua Unigroup Co., Ltd. is an operating subsidiary of Tsinghua Holdings Co., Ltd., a solely state-owned limited liability corporation funded by Tsinghua University in China. Tsinghua Holdings Co., Ltd. is the controlling shareholder of Unigroup. The other shareholder is Beijing Jiankun Investment Group Co. Ltd. Unigroup’s business lines include high-technology, bio-technology, science park development, and urban infrastructure construction. For additional information, please visit http://www.unigroup.com.cn.Safe Harbor StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For more information, please contact:500.com Limited email@example.comChristensenIn USMs. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@ChristensenIR.com
A&E Reality Star In Exclusive Meet And Greet At Soboba Casino
A&E Reality Star In Exclusive Meet And Greet At Soboba Casino SAN JACINTO, Calif., May 7, 2015 /PRNewswire/ – Barry Weiss, the star of A&E’s hit TV shows “Storage Wars” and “Barry’d Treasure”, is bringing his trademark antics and wily witticisms to Soboba Casino to crown the champion of Barry’s Big Slot Tournament. Set to take place on Thursday, May 14th, 2015 from 5 p.m. – 9 p.m., Soboba club members will have the chance to meet Barry personally in an exclusive meet and greet. All who attend will receive a free autographed picture of Barry and a photo opportunity with the star himself.Joining the club is free and easy. Anyone who is not a member can sign up at Soboba before the event and have their picture taken with one of TV’s hottest stars!”Good times are worth more than good money.” – Barry WeissSoboba club members had the opportunity for both in Barry’s Big Slot Tournament. Starting in March, players could enter the tournament to win a share of $220,000 in cash and prizes. Now Barry is joining in the fun by sending the winner home with a $50,000 grand prize on May 14th.Starting off in business with his brother Joey, Barry first made his fortune selling fruits and vegetables to cruise lines. It was, however, his passion for antiques that led to his current career as a professional collector. His unique knowledge on everything from classic cars to vintage war relics coupled with his eccentric personality landed him on TV and quickly made him one of A&E’s biggest stars.”We are delighted to have Barry Weiss join the Soboba family in this exciting club member tournament,” says Michael J. Broderick, Soboba Casino’s Director of Marketing. “Barry’s distinctive style and personality just adds to the excitement our players have experienced over the past two months and shows our guests that, at Soboba, it pays to play.”Soboba Casino features approximately 2,000 of the newest, hottest slot machines, an expansive and modern non-smoking room, 20 classic gaming tables featuring all your favorite card games, and a large outdoor event arena which easily accommodates over 10,000 people . Need to recharge & refresh? Visit the cozy Soboba Cafe and Coffee Kiicha, or experience the AC’s Lounge with full cocktail bar and three giant HD flat screens including the”Sobobatron”, the Inland Empire’s biggest HD video wall.Soboba Casino is proudly owned and operated by the Soboba Band of Luiseno Indians. Come join us for all the fun and then some! Soboba Casino. Where Everybody Goes to Play! For more information visit: soboba.comSoboba Casino: 23333 Soboba Road, San Jacinto, CA 92583, (951) 665-1000Photo – http://photos.prnewswire.com/prnh/20150507/214651
Kimberly De La Cruz – Apple Pay debuting at The Cosmopolitan of Las Vegas
Kimberly De La Cruz – Apple Pay debuting at The Cosmopolitan of Las Vegas Apple Pay is debuting on the Strip this summer at The Cosmopolitan of Las Vegas.By early June, the resort’s front desk, concierge, restaurants and bars will accept the new payment method, according to a Tuesday announcement.“As always, we are thrilled to lead the market with a new component to a Las Vegas experience that makes everything a bit faster and a great deal easier,” Lisa Marchese, chief marketing officer of the property, said in a statement.Using the “contactless payment technology,” customers can make purchases with an iPhone, Apple Watch or iPad, according to Apple’s website.Existing forms of payment will not be affected.Copyright GamingWire. All rights reserved.