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9stacks Takes Online Poker Mainstream With its Latest Offering

George Miller

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9stacks Takes Online Poker Mainstream With its Latest Offering
Reading Time: 2 minutes

 

India’s fastest growing online poker platform 9stacks, known for coming up with the most innovative promotions, is back with ‘Vegas in Rs 9’. In this contest, participants have to win two tournaments to win a trip to Las Vegas. Details available on the website. The contest runs from 10th to 25th March.

What’s new:

  • In Level 1, there are 14 power packed tournaments every day from 10th to 25th March, and the top 3 from each tournament qualify for the Level 2 ‘Take Off 2 Vegas’ tournament happening on 31st March 2019. The winner of that tournament gets a trip worth Rs. 2 Lakhs to Las Vegas
  • Most excitingly, users can collect multiple tickets to Level 2 and use them to re-enter the Take Off 2 Vegas if they get knocked out. More tickets, more chances
  • That’s not all. In the lead-up to the launch on the 10th of March, there are 3 tournaments every day where players can get a wild card entry to the final tournament.

“We were thrilled to see the poker talent that is out there in the country. The ‘Vegas in Rs 2’ promotion in February saw thousands of participants from tier 1 to tier 3 cities use their skills to beat the rest and enter the final level. Sajal Gupta and Ashish Kumar emerged victorious in this battle and will soon be battling the best at Vegas itself. Vegas in Rs 9 aims to go deeper into the heart of the country to find poker aspirants and give them a chance to showcase their skills on the biggest poker platform in the world,” says Sudhir Kamath, CEO, 9stacks.

“It’s been unbelievable. I never thought a relatively new player like me could have a chance to play poker in the city that gave birth to poker as we know it. I can’t wait to see Phil Ivey in action,” says February Vegas in Rs 2 winner Ashish Kumar.

Vegas in Rs 9 begins on 10th March 2019.

 

About 9stacks:

9stacks is one of India’s best online poker site. Launched last year, 9stacks has a user base of over 1 lakh+ subscribers. More than 7 million hands of poker are being played every month on the platform, with monthly gross transactions exceeding INR 55 cr per month.

As a member of the All India Gaming Federation, 9stacks has also been a strong voice advocating poker as a game of skill. On its own platform, 9stacks recently launched India’s first skills dashboard where gamers can carry out in depth analyses of their own strategy, and become better poker players.

9stacks users can play seamlessly across all platforms including iOS, Android, Windows and Macs.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Cambodia to Ban the Issuance of Online Gambling Policy and Licenses

Niji Narayan

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Photo source: acboulle.org
Reading Time: 1 minute

The Cambodian Government has issued a directive to stop the issuance of online gambling policy and licenses, both within and outside of Cambodia.

The government said that the industry had been used by foreign criminals to extort money. The southern coastal city of Sihanoukville has emerged as a particular centre for gambling and many of the dozens of Chinese-run casinos that have sprung up there have online gambling operations.

“The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said the directive signed by Prime Minister Hun Sen.

“Some foreign criminals have taken refuge in the form of this gambling to cheat and extort money from victims, domestic and abroad, which affect the security, public order and social order,” the directive said.

China is Cambodia’s close ally, its biggest donor and investor. It has also been trying to crack down on cross-border gambling, criticising operations in the Philippines that are similar to those in Cambodia.

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Asia

Kien Huat Realty III Limited and Genting Malaysia Berhad to Acquire Empire Resorts

Niji Narayan

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Reading Time: 2 minutes

 

Empire Resorts, Inc. has announced a definitive agreement under which affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad will acquire all of the outstanding equity of the Company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share. Kien Huat is currently the holder of approximately 86% of Empire Resorts’ outstanding shares of common stock.

The Board of Directors of Empire Resorts has approved the transaction on the unanimous recommendation of the previously formed special committee of independent directors. Empire Resorts and Kien Huat also amended Kien Huat’s existing preferred stock commitment letter with the Company, which, subject to the terms thereof, enhances Empire Resorts’ access to capital through February 2020.

“We are pleased to reach this agreement and provide immediate certain cash value to our stockholders. Kien Huat has been a true partner for Empire Resorts, and we look forward to welcoming Genting Malaysia into our ongoing relationship. With Kien Huatand Genting Malaysia, we will be part of an extensive and attractive organization with enhanced scale and global reach. Importantly, Kien Huat has agreed to provide incremental credit support to Empire Resorts, which will enable the Company to meet its debt obligations as we continue to execute on our business strategy,” Keith Horn, independent director of Empire Resorts said.

“With the resources and support of Kien Huatand Genting Malaysia, Empire Resorts will be better positioned financially and operationally, which will help us advance our mission of delivering a winning combination of luxury facilities, quality entertainment and exceptional customer service. This transaction is a win-win for all our stakeholders, including our stockholders, customers, employees, creditors and the communities in which we operate. Importantly, we expect our employees will benefit from new opportunities for career development as part of a larger organization. I look forward to working closely with Kien Huat and Genting Malaysia to seamlessly complete the transaction,” Ryan Eller, President and CEO of Empire Resorts said.

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Asia

Losers and Winners of Online Gambling in China

Niji Narayan

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Photo source: aljazeera.com
Reading Time: 1 minute

Countless ordinary Chinese people, driven by greed and ignorance, have fallen into online gambling like the moths flying towards the fire.

In 2018, Chinese handset maker Gionee was forced into bankruptcy liquidation. The reason was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Traditional Confucianism holds that gambling means greed and depravity. Many Chinese literary works and academic studies have portrayed Chinese gamblers and many people think that Chinese people are fond of gambling.

Before the rise of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to attract Chinese tourists and gamblers. Gambling-related criminal cases caused a lot of trouble for the Chinese government. Under pressure from the Chinese government, casinos in many border areas had been shut down.

The rise of online gambling has changed the story. Gaming companies have been able to spread their tentacles into every corner of China with the help of internet.

The reason why the gaming companies in the Philippines employ a large number of Chinese employees is that all of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens.

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