If you’re the type of player to go chasing the best online casino bonus, you no doubt already know which slots are multi pay-line, 3D or progressives; but not everyone is aware what these terms mean. So, in order to help out those who are just starting out, we’ve put together this helpful infographic that breaks down what types of ...

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On December 8, 2017 the Ukrainian Association of the Gaming Industry (UGIA) organized the first international conference Ukrainian Gaming Summit 2017. The conference was devoted to the responsible legalization of the gaming in Ukraine: how to make this business transparent and accountable to the society, beneficial for the state and investors. Iryna Sergienko, the President of the UGIA, emphasized that ...

The post Official Post Event Press Release: Ukrainian Gaming Summit 2017 appeared first on Casino News Today.

On December 8, 2017 the Ukrainian Association of the Gaming Industry (UGIA) organized the first international conference Ukrainian Gaming Summit 2017. The conference was devoted to the responsible legalization of the gaming in Ukraine: how to make this business transparent and accountable to the society, beneficial for the state and investors. Iryna Sergienko, the President of the UGIA, emphasized that ...

The post Official Post Event Press Release: Ukrainian Gaming Summit 2017 appeared first on Casino News Today.

The PokerStars Championship Prague €10,300 High Roller event saw the number of competitors that are to return for the tournament’s Final Day reduced to 16. For the time being, it is Sergio Aido, a Spanish super high roller, who is at the chip leader’s position with 2,147,000 in chips, which give him a massive lead over Danny Tang, who currently occupies the second place with 1,593,000 in chips.

The Spanish poker player has been very successful this year, with his 2017 live poker tournament cash prizes so far exceeding $3 million. His career live poker winnings to date amount to $5,912,407, and his best live cash of $1,337,019 was also generated in 2017 for him ranking second in the Triton Super High Roller Series $1,000,000 Main Event.

The €10,000 High Roller Event of the PokerStars Championship Prague saw a long Day 2, with Christopher Kruk who held the chip lead over most of the day reaching a massive stack, bit eventually falling to the shortest stack at the end of the day – only 186,000 in chips.

Hossein Ensan is now third, with a total of 1,130,000 in chips at the end of the €10,300 buy-in High Roller’s Day 2.

As mentioned above, after holding the domination over most of the second day of the event, Christopher Kruk had very hard time over the latter levels of play, after Aido beat him in the penultimate level, and then, at the end of play Kruk lost a big pot against Danny Tang, who is to start the Final Day of the event second in chips.

The €10,300 High Roller event has always been one of the most successful events on the EPT and the Championship, attracting many poker professionals every year.

Last year, the High Roller event attracted a total of 407 entrants, with William Kassouf emerging as winner, taking home a monetary prize of €532,500 as well as the tournament’s trophy. This, however, was not the largest cash portion scooped in the 2016 edition of the event, as the last two players standing – William Kassouf and Patrick Serga made a heads-up deal, under which the Canadian player got the largest cash portion of the prize pool, bagging €719,000.

The 2017 edition of the PokerStars Championship €10,300 High Roller event kicked out on December 16th, and the registration was open until the beginning of play on Day 2.

This year, the €10,300 High Roller event of PokerStars Championship attracted 256 entrants, including 61 re-entries, who accounted for a total prize pool estimated to €2,483,200. The prize pool is set to be split between the last 39 players, with the minimum cash prize to be amounting to €17,000 and the first-place prize that is to be granted to the winner estimated to €498,000.

The post Sergio Aido Proceeds as Chip Leader to PokerStars Championship Prague €10,300 High Roller Final Day appeared first on Casino News Daily.

Paradise Entertainment Ltd will pay the world’s largest casino equipment provider, International Gaming Technology (IGT), $800,000 to settle an intellectual property dispute, according to a filing to the Hong Kong Stock Exchange on Thursday.

Jay Chun, Chairman and Managing Director of Paradise Entertainment Limited (left) and Eric Tom, IGT Executive Vice-President of Global Sales, ushered in a new era of cooperation between slots manufacturers back in 2016. But it didn’t take long for things to wind up in court. (Image: LT Game)

The squabble arose following a 2016 deal in which the two slots manufacturers agreed to a partnership that would see Macau-based Paradise share its electronic table game technology and patents with IGT.

Slots manufacturers have until recently viewed one another as fierce competitors and guarded their technologies closely, but last year saw a sudden thawing of these attitudes as a surprising spirit of cooperation emerged.

As well the Paradise deal, earlier this year IGT struck a landmark patent cross-licensing agreement with Scientific Games, its closest global competitor. Under the terms of that deal Scientific Games and IGT are now permitted to offer games using patented game features from each other’s mammoth portfolios.

But despite this apparent new era of openness, it didn’t take long for things to wind up in court. The Paradise deal allowed IGT exclusive rights to the development, manufacture and distribution of Paradise’s Live and RNG electronic table worldwide for 15-year term, except for in Macau where Paradise is a major player.

In return, Paradise would receive an undisclosed upfront sum, as well as an ongoing cut of the revenues.

But it appears that one of Paradise’s subsidiaries, LG Games, wasn’t playing ball. Or, at least, it couldn’t, because it didn’t have access to the all the technological components used in its own games. Thus, it was unable to furnish IGT with the complete article, leaving the slots giant feeling short-changed.

From Thursday’s filing: “Subsequent to the signing of the agreement, a dispute arose among the LT Game parties and IGT as to whether the LT Game parties have to provide certain technology (not being possessed by the LT Game parties) to IGT that may be required for IGT to make and place the licensed products under the agreement.”

“On 17 October 2017, upon commercial negotiation of the parties with the view to resolving the dispute, the LT Game parties agreed in writing with IGT that they shall pay to IGT a sum of US$800,000 for complete resolution of the dispute, which was determined based on the sharing by the LT Game parties of the estimated costs for the required technology,” continued the filing.

Paradise, which is expected to earn around $44 million from the deal over 15 years, said that the $800,000 would be set off by IGTs revenue-sharing payments, which will now be on hold until September 2018.

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