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Wynn Resorts board says NO to chairman candidate

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The board Wynn Resorts Ltd., which was mired in the controversy over sexual abuse allegations against its previous, has reportedly rejected the new chairman candidate. It is said that Elaine Wynn, the majority stakeholder, had proposed the new candidate. The filing to the US Securities and Exchange Commission, which revealed the development, did not identify the candidate proposed by Ms Wynn. A report by Bloomberg News identified the person as Phil Satre, the former chief executive of Harrah’s Entertainment, now called Caesars Entertainment Corp. He is currently chairman of casino equipment maker International Game Technology Plc.

The news agency said Mr Satre had confirmed to Bloomberg he withdrew his name from consideration for a Wynn Resorts board seat, but Mr Sartre did not provided further details about the matter.

Wynn Resorts is the parent company of Macau casino operator Wynn Macau Ltd. The parent firm has expressed interest in bidding for a potential casino licence in Japan.

In her latest filing, Ms Wynn stated that her proposed candidate was “extremely well-qualified”, having served “on the boards of at least six public companies, including as chairman of the board of three public companies, and has extensive credibility with gaming industry regulators”. The document added that the person was not a “close associate” of Ms Wynn.

The filing said: “the reason provided for [Wynn Resorts] board’s decision was that neither the nominating and corporate governance committee nor the full board wanted to bring in an outsider as a vice chairman, despite the candidate’s qualifications.”

Ms Wynn further added that, “in an effort to resolve differences between the company and herself, [she] had offered to sign a multi-year standstill in exchange for the candidate’s appointment as chairman.”

The filing stated that the candidate had “made a board leadership position (chair or vice chair) an express condition to his willingness to join the board, because he felt that a leadership role would be necessary for him to be in a position to help address the company’s regulatory issues.”

The document added: “While the board offered the candidate a board seat, the board did so knowing that it would not meet the candidate’s condition, and he declined.”

In the filing, Ms Wynn again called for all board members of Wynn Resorts to be elected annually. She also expressed concerns that the board “would do something inappropriate with respect to the terms of the departure of Kim Sinatra,” arguing that Wynn Resorts should seek advice whether to consider this a ‘for cause’ termination. Ms Sinatra will cease to serve as the company’s executive vice president, general counsel and secretary with effect from July 15.

Wynn Resorts has been under pressure from Ms Wynn, a co-founder of the firm, and from some investor advisory firms, to bring in new faces at senior level since the publicity given in January to allegations that former chairman and chief executive Steve Wynn had sexually harassed employees. The entrepreneur has denied the claims, and eventually left the firm in February.

The structure of the Wynn Resorts’ board has changed dramatically over the past three months, with 60 per cent of the directors that had been in place at the start of the year now having departed.

The casino company announced in April the appointment of three new directors for its board, all of them women.

Source: ggrasia.com


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Google to Help Russia Block Online Gaming Sites

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As a country, Russia has some of the strictest guidelines in the world for the regulation of access to online casino sites. Any online gambling sites that are unwilling to comply with the licensing regulations set forth by the Russian government will not be given access to Russian players. Currently, major sites like 888, Bet365, Betfair, Betfred, Ladbrokes, Unibet and William Hill are all blocked.

To enforce its policies, the Russian government has enlisted the services of telecom watchdog Roskomnadzor. As part of that company’s strategy to keep unwanted online casino operators from having access to Russian players, the company is continually putting pressure on worldwide search engine Google to use its filters to block said sites from being listed within Russia’s domain. To date, Roskomnadzor has blocked as many as 14,500 sites without any assistance from the search engine giant. Many of these sites are currently listed at www.choicecasinos.com.

In what industry experts call a surprise move, Google has finally relented and decided to help the Russian regulator do its job of blocking unlicensed websites from popping up on any search results related to online gambling. The move came after Google was assessed a $7,500 fine for not complying with prior requests for help. It’s interesting to note the size of this fine is well below the maximum amount that could have been assessed based on Russian guidelines.

This surprise move comes outside the scope of the normal mode of operation for Google. The company has always been far more likely to refuse to pay said fines and instead, seek relief from the appropriate court system. While the size of this fine might seem irrelevant to a company Google’s size and stature, it’s the cowering to foreign governments that have always spurred Google to fight back. Then again, Google may have decided to comply at this time because of recent threats by the Russian government to assess fines of up to 1% of annual gross revenues on tech giants who ignore its ruling. In Google’s case, that amount would have been around $6.4 million, based on its earnings in Russia in 2017 and probably high in 2018.

When asked why he felt Google agreed without pushback, Doskomnadzor’s deputy chief Vadim Subbotin stated, “If we come to a dead end … the state makes changes to the law, and for the non-execution of Russian laws the most severe punishment is possible – such as blocking.” It would be unfathomable to think that a company with Google’s stature would be blocked from operating in any industrial country.

Going forward, Russia’s federal state information system (FGIS) will be charged with making sure Google does as requested and blocks any unwanted online gambling sites from appearing. The FGIS provides a database of all known gambling sites that can be automatically cross-referenced to anything that might show up in relevant search results.

There is a possibility this could set precedent. It will be interesting to see if other countries might try to use similar tactics to try to strong-arm Google into blocking various search results as requested.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Google to Help Russia Block Online Gaming Sites

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Big Win at Svenbet on Wazdan’s Great Book of Magic Deluxe

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Last week one lucky player secured €90,775.02 in total winnings following a streak of wins playing Wazdan’s Great Book of Magic Deluxe at Svenbet’s online casino.

Svenbet offers a diverse portfolio of casino and live casino games, virtual sports betting, skilled games and pool betting. They cherry-pick only the best gaming providers to bring players a selection of seamless online and mobile experiences.

In what was sure to have been a thrilling day for the fortunate customer on the Svenbet site, there was not just one big win, but a variety of smaller wins that made up the final pot. Nail biting highlights of the triumphs included a €26,125 win during the bonus game with one bet of €100, not one but two €25,000 wins with bets of €100, a €23,500 win during the bonus game with one bet of €100, and a €19,825 win during the bonus game with one bet of €100.

Taking advantage of Unique Wazdan Features, the player opted to spin the reels in Ultra Fast Mode and change the Volatility Levels™ throughout the gameplay. Wins were hit on both Standard and High Volatility Levels™, with the player taking home a massive €90,775.02 at the end of the day.

The game in the spotlight, Great Book of Magic Deluxe slot is a Wazdan favourite featuring five reels, 20 pay-lines and a variety of special symbols, including Free-Spins-awarding Scatters and Expanding Bonus Symbols. In addition to the Unique Wazdan Features of Ultra Fast Mode and Volatility Levels™ that were used in the player’s recent win, Great Book of Magic Deluxe also offers the Unique Wazdan Features of, Double Screen Mode, Unique Gamble Feature and Energy Saving Mode.

Regarding the momentous win, Head of Sales at Wazdan, Andrzej Hyla, says: “We are beyond thrilled to see a player win such a significant amount playing one of our beloved games, Great Book of Magic Deluxe. This game is a favourite among both players and operators, and we are really happy to see that the player’s dedication to spinning on Great Book of Magic Deluxe played off generously for them. As we have been expanding significantly of late, we look forward to more games being played and announcing even more of these exciting wins in the future.”

For further information visit www.wazdan.com

 

ABOUT WAZDAN:
Wazdan is a popular game producer, developing innovative casino games that deliver an original, fun and truly omni-channel player experience. Offering an extensive game library of over 105 HLML5 slots, table games and video poker games, Wazdan is gaining popularity in the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of popular titles Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns as well as amazing new slot games including Los Muertos™, Mayan Ritual™ and Captain Flynt™ amongst others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility Level™, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of European trademarks including a trademark for their world’s-first Volatility Level™. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales team is showcasing their products at ICE in London from 5-7 February 2019 on stand S8 202.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Big Win at Svenbet on Wazdan’s Great Book of Magic Deluxe

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AskGamblers Awards 2019 Winners Have Been Announced

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After more than 3 months of the voting phase, AskGamblers Awards 2019 finally have their winners! The AskGamblers Awards 2019 ceremony took place on the 17th of January 2019, in Hyatt Regency in Belgrade.

 

The AskGamblers Awards 2019 winners have been announced at the crowning gala event, that took place yesterday, January 17th, 2019, in Hyatt Recency hotel in Belgrade, Serbia. AffiliateINSIDER was the AskGamblers’ official media partner and the ceremony was attended by the AskGamblers Awards team members, the finalists, and the key stakeholders from Catena Media office, from Malta.

There were 10 final contenders in each of the categories: Best Casino, Best New Casino, Player’s Choice, Best Partner, as well as the Best Slot released in the year 2018. Altogether, there were 8 software suppliers nominated in the Best Game Provider category. Now, without a further ado, here’s an entire list of the AskGamblers Awards 2019 Winners:

• Best New Casino: Campeonbet Casino

• Best Casino: Betsson Casino

• Player’s Choice: BitStarz Casino

• Best Partner: 7Stars Partners

• Best Slot: Legacy of Egypt by Play’n GO

• Best Game Provider: NetEnt

Denis Ristic, AskGamblers Product Owner, shared the excitement: “We are very proud that the AskGamblers Awards event is getting bigger and better. It’s only the second year and we are already noticing that the Awards have made an impact on our regular users, while reaching new players and creating a real buzz in the world of online casinos.

The event itself is a great opportunity for us to meet with our dear colleagues and partners from the iGaming industry sector and we look forward to seeing how the AskGamblers Awards will progress in the future. Once again, we would like to congratulate all the winners and thank all the players who took the time to vote and help us single out the best candidates!”

To find out more about the AskGamblers Awards 2019 ceremony and the winners, feel free to visit the AskGamblres Awards website anytime.

 

About AskGamblers:

AskGamblers, officially the Best Casino Website in 2016 and 2017, provides the most trusted, unbiased online casino, slot, and bonus reviews. It also features real player opinions and ratings highly valuable in the iGaming community. Thanks to its unique Casino Complaint Service, over $20 million has been returned to players thus far. Get the truth, then play!


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: AskGamblers Awards 2019 Winners Have Been Announced

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