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High Roller Sues Casino
Australian high roller Harry Kakavas has initiated litigation against Melbourne's Crown Casino, alleging that he lost millions in a A$1.4 billion (GBP548.5 million) 14 month gaming spree in which his addiction to gambling was
exploited by casino managers.
Kakavas, who is a property developer, is suing the casino for A$50 million damages after a mammoth baccarat binge in 2007 in which he lost A$37 million. At the time, Kakavas had been barred from every casino in Australia and had been so since 2004. Court documents in Melbourne allege that emails detailed a Crown plan to lure back Kakavas after managers discovered he had lost millions of dollars gambling in Las Vegas.
Supreme Court documents revealed that Kakavas wore a concealed recorder that captured casino managers at the Crown attempting to lure him back to its riverside baccarat tables.
Approached by Reuters news agency for comment on the case, Crown spokesman Gary O'Neill said: "We have no intention of responding to the allegations made publicly. We are defending the action vigorously."
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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