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Kevin Gerhart Wins Debut WSOP Circuit Gold Ring at Planet Hollywood

Casino News Daily
Kevin Gerhart Wins Debut WSOP Circuit Gold Ring at Planet Hollywood

A Pot-Limit Omaha expert takes down the only PLO event on the schedule of the WSOP Circuit Planet Hollywood stop

Pot-Limit Omaha specialist Kevin Gerhart has won earlier this week his first WSOP Circuit gold ring by taking down namely a PLO tournament at Planet Hollywood. The player, who hails from Ohio but now resides in Las Vegas, emerged victorious in the $400 Pot-Limit Omaha Re-Entry for a cash prize of $10,493 and the gold piece.

The two-day tournament saw 106 entries register to create a prize pool of $34,980. The final 12 players received a share of that prize pool.

Gerhart was one of the four players who bagged chips at the end of Day 1 of the event to progress into its second day. The eventual winner had the third largest stack at the time Day 2 action kicked off. However, he told WSOP Circuit staff after his victory that he had had a feeling that it would be him and the start-of-the-day chip leader, Mesha Zakharov, who would play the heads-up. The two players indeed ran into each other at the tournament’s finale to determine who would take home the gold ring and the first-place prize. Zakharov was too going for his first gold ring from the series, but it was not meant for him this time and he had to settle for a second-place finish.

Pot-Limit Omaha Specialist

Pot-Limit Omaha is Gerhart’s favorite poker game and he has been playing it a lot over the past several years. The player told WSOP staff that he has been trying to play as many PLO tournaments as possible. He won a PLO tournament and finished runner-up in another one in the months prior to his victory at Planet Hollywood.

The player attributes his success in that particular game to his good feel for PLO as well as to the fact that most of his opponents are less experienced. Gerhart went on to say that it is much harder to find information on PLO than it is on No-Limit Hold’em.

Of his plans for the rest of the Planet Hollywood series, the brand new WSOP Circuit champion said that he had originally intended to play the Main Event over the weekend, but after his triumph, he decided to try to snatch a bit more points for the Casino Championship race by playing a few more tournaments. The player who accumulates the most points by the end of the stop will secure a seat into the season-ending $1 million guaranteed Global Casino Championship.

However, Gerhart will have to play No-Limit Hold’em tournaments until the end of the Planet Hollwood series, as its schedule does not include any other Pot-Limit Omaha events. It is to be seen how the player will cope and whether he is just as good in No-Limit Hold’em as he is in the poker game he loves so much.

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The post Kevin Gerhart Wins Debut WSOP Circuit Gold Ring at Planet Hollywood appeared first on Casino News Daily.

Excitement Is in the Air as the WPT Rock ‘N’ Roll Poker Open $3,500 Championship Starts Today

Casino News Daily
Excitement Is in the Air as the WPT Rock ‘N’ Roll Poker Open $3,500 Championship Starts Today

The 2018 edition of the WPT Rock ‘N’ Roll Poker Open is under way at Seminole Hard Rock Hotel & Casino Hollywood, Main Event starts today

The WPT is back at Seminole Hard Rock Hotel & Casino in Hollywood, Florida for this year’s WPT Rock ‘N’ Roll Poker Open, and the festival’s $3,500 Main Event is just hours away from kicking off at the poker tables of the popular casino.

WPT action began at the host venue on November 14 with a $360 buy-in Deep Stack tournament with a guaranteed prize pool of $1 million. And a number of other events have too been completed since then, but the most anticipated one is yet to begin.

This year, the championship event will feature a guaranteed prize pool of $2 million. It kicks off today at noon Florida time and will run all the way through November 28. The Main Event will include two starting flights played on two separate days and four more days of action. The final day of the tournament will see six players return at noon local time at the host casino to play down to a champion. The official final table will be streamed with a 30-minute delay, starting 12:30 pm local time.

Overall, the schedule of this year’s WPT Seminole Rock ‘N’ Roll Poker Open includes 19 tournaments and three of those feature seven-figure guaranteed prize pools, with those being the festival’s opening event, the Main Event, and the single-day $1,100 No-Limit Hold’em with a guaranteed prize pool of $1 million.

Last Year’s Champion

Last year’s edition of the $3,500 Championship event at Seminole Hard Rock Casino Hollywood drew 585 entries, some of whom had flown all the way from Europe and other parts of the world. A prize pool of $1.872 million was created, failing to crush the $2 million guarantee.

The top 79 finishers were treated to a share of the guaranteed money and it was US poker pro Jared Jaffee who was the first player to leave the tournament with a payout. Min-cashes were worth $4,900.

Michael Newman outlasted the Main Event’s field last year. The player was awarded the amount of $374,240 and the WPT Seminole Rock ‘N’ Roll Poker Open trophy. Lithuania’s Matas Cimbolas and US player Darryll Fish were the other two to round out the podium of last year’s edition of the major tournament. Cimbolas collected $262,440 for his runner-up finish, while Fish scooped a $168,920 share of the prize pool for finishing third.

Newman is a regular at the Seminole Hard Rock Hollywood Casino and has been playing in recurring tournaments taking place at the venue for years now. He has been quite active over the past year and has cashed in more than 20 tournaments at the Hollywood-based gambling venue. It is to be seen whether Newman will enter this year’s Main Event in a bid to defend his title.

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The post Excitement Is in the Air as the WPT Rock ‘N’ Roll Poker Open $3,500 Championship Starts Today appeared first on Casino News Daily.

Mississippi casinos report revenue rise

Casino News – Focus Gaming News
Mississippi casinos report revenue rise
Mississippi casinos report revenue rise

The facilities in the state experienced a strong October, but sports betting win was less than 1%.

The post Mississippi casinos report revenue rise appeared first on Focus Gaming News.

Industry experts Secure Trading chosen for MiFinity s gaming-focusedeWallet

Gambling Insider
Industry experts Secure Trading chosen for MiFinity s gaming-focusedeWallet
Secure Trading Group announced today that their expertise in the gaming vertical has been banked on by MiFinity as they look to develop their eWallet’s capabilities for merchants and customers in the sector

Betsoft Gaming to Release Chillipop Slot Next Week

World Casino News
Betsoft Gaming to Release Chillipop Slot Next Week

Spicing up their slot game offering, online software developer, Betsoft Gaming, has announced the upcoming release of a new slot game titled Chillipop. Featuring hot and spicy peppers, the new online slot game is cluster-based and includes cascading game play. Betsoft added an expanding grid to ensure players have new ways to win! Assemble the Best […]

Cordish Assumes Full Ownership of Philadelphia Casino Project

Casino News Daily
Cordish Assumes Full Ownership of Philadelphia Casino Project

Cordish becomes the sole owner of what would be Philadelphia’s second casino

The Cordish Companies of Baltimore announced on Wednesday that it is taking full ownership of the developer of a long-delayed project for the construction of Philadelphia’s second casino, The Philadelphia Inquirer reported.

Cordish, operator of Maryland’s Live! Casino & Hotel, and a subsidiary of casino and racetrack operator Greenwood Gaming have previously partnered to jointly develop a casino resort in South Philadelphia. Back in 2014, their joint venture, Stadium Casino LLC, was issued a license by the Pennsylvania Gaming Control Board to develop and operate a casino complex in Philadelphia’s stadium district.

The announcement about Cordish assuming full ownership of Stadium arrived shortly after reports had emerged that the two partners had a rift and were looking for a buyer for their Pennsylvania gaming licenses.

Aside from the South Philly casino license, Stadium was also issued a license to open a mini-casino in Westmoreland County as part of an ongoing gambling expansion across Pennsylvania. Cordish said yesterday that it would take ownership of that project, as well.

In a statement from yesterday, the company said that they are excited to

now immediately get to work on constructing and opening two first-class casinos for Pennsylvania, which will create thousands of new, quality jobs for local residents, and hundreds of millions of dollars in new taxes for the commonwealth.

Cordish did not disclose the terms under which it has acquired the Stadium joint venture.

Project Marred by Delays

As mentioned earlier, Stadium was selected as the winning bidder for South Philadelphia’s second casino in 2014. However, the company has not been able to move ahead with the project for several years as it has faced multiple hurdles, including legal action by its competitors in the bidding process.

Despite the challenges, Stadium has signaled big plans for the Pennsylvania gaming market. In 2017, the company paid a $50-million license fee to operate 1,500 slot machines at its South Philadelphia casino. It pad another $24.5-million fee this past summer to run table games at the property. Those steps made it eligible to apply for an Internet gambling license. And as mentioned above, the company has also become one of the handful of operators to have obtained a license for the construction of a mini-casino in the state. Stadium paid just over $40 million for a casino facility in Westmoreland County.

Back in January, the company closed a $37-million deal for the purchase of the site of a former Holiday Inn at 900 Packer Avenue in South Philadelphia, where it planned to build its casino resort. Stadium has since then demolished part of the former hotel complex to make room for its property. However, workers stopped demolition last month and it is yet unclear when they will resume work.

What would be Philadelphia’s second casino will also feature multiple dining facilities, a live music venue, a parking garage for 2,500 vehicles, a pool, and fitness and spa facilities, among others.

Stadium recently applied with the Pennsylvania Gaming Control Board for a three-year extension of its deadline to commence operation at the Packer Avenue property. If its application is successful, the casino property is expected to swing its doors open in December 2021. However, staff at the gaming regulator has recommended a two-year extension as a “more adequate” deadline for the opening of the complex. The gaming board is yet to announce its decision.

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The post Cordish Assumes Full Ownership of Philadelphia Casino Project appeared first on Casino News Daily.

Oaklawn Racing and Gaming announces $100 million expansion

World Casino News
Oaklawn Racing and Gaming announces $100 million expansion

In Arkansas, the firm behind Oaklawn Racing and Gaming has reportedly unveiled a plan that is to see it spend approximately $100 million in order to add a 200-room hotel and a 14,000 sq ft events center to the horseracing and gaming venue. Expanded gaming floor: According to a Tuesday report from the Arkansas Democrat-Gazette […]