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Increase in Online Gambling Activity for Belfast 2021
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While lockdown measures have been relaxed in various regions, Northern Ireland still has full lockdown measures in place. This has resulted in a growing number of citizens taking interest in online gambling with the numbers only expected to increase. Predictions for 2021 show that with the second lockdown in place Belfast can prepare for the second wave of increased play. Lockdown Gameplay Increase Since the first shutdown in March 2020, there was a large increase in bets with more than 1 million placed between Northern Ireland and the UK. With the second lockdown enforced the number of bets placed skyrocketed once again. This despite the cancellation of sports events in 2020. Many believed there would be a decrease in gambling as sports betting made up 75% of the UK betting market. Sport is a determining factor in the price drop for many of the gambling companies. The lack of sports betting did not deter growth for the industry, instead, it encouraged players to switch to online casinos and explore placing bets on slot machines. According to statistics, this switch looks like it will continue straight through 2021. William Brown from Megaways Casino revealed that with people being forced to stay in-doors it pushes them to boredom leading them to seek alternative methods of entertainment. Brown continued, saying that the internet makes it easy to gamble online allowing visitors to access sites such as Megaways Casino no matter where they might be located. With another lockdown in the UK and Wales, the stats have shown even more people turning towards their computers for online casino entertainment. Outdated Laws Due for an Upgrade Across the world, countries are focusing on increasing regulations and improving the current laws for better regulations. In Northern Ireland there is a need for updates to the outdated laws as the country’s gambling is still regulated by the 1985 Order based on an old Great Britain law from the 1960s. In Britain, the laws were replaced by the 2005 Gambling Act, but Northern Ireland never followed suit. Instead, it stuck to the old rules and now various prominent Northern Irish politicians are calling for a revival/change of these outdated gambling laws. As for the UK, there has been a lot of movement in terms of regulatory changes with a current review of the 2005 Gambling Act. While the 2005 Gambling Act is professionally written and covers a wide range of aspects within the industry it is not deemed ‘fit for the digital age’. Therefore, it is being reviewed with results expected to be published on March 31st, 2021. The review will be a broad outline of all the changes required to update the Act according to industry standards. Safety a Priority Apart from tighter regulations being put in place, the top priority will be to make the industry a safer place for gamblers. Of course, there are those critics who believe tighter regulations will only lead to growth in the online gambling black market. Already there is a large influx in the number of unregulated online casinos accepting UK players. Despite this the government will be looking into decreasing the max stake limits, win limits and add more tools to enhance the safety of the gaming environment for avid players. The objective is to get the industry up to speed with the digital landscape instead of continuing to follow outdated rules and regulations. There is hope that Northern Ireland officials will take note of warnings and follow UK footsteps in giving a much-needed upgrade/reboot to the current regulations.
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iGaming NEXT: POWER Hour kicks off 2021 with a look ahead
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The iGaming NEXT: POWER Hour is back, starting 2021 with a great lineup of conversation on Friday, January 15. This monthly series of social digital gatherings is starting the year off right with four great topics nine amazing participants.At 3:00 CEST, Green Jade Games’ Chairman Jesper Kärrbrink starts us off with an Industry update. Although he’s only slated to speak for 10 minutes, Kärrbrink always has a great perspective on the gaming industry and the world beyond it, and it could just be the best 10 minutes of your day.Following that is a Fireside Chat on “Is Entertainment the future for iGaming? Nicola Longmuir, CCO of Push Gaming will be joined by Sam Brown, CCO of Hero Gaming, and continue iGaming NEXT Online’s look at how gambling can learn from the entertainment industry.At 3:30 CEST, Better Collective’s Head of strategic events Shona ODonnell will be joined by Hero Gaming CMO Scott Dodson for the Fireside Chat: “That’s entertainment! With the rise of addictive technology, how can gambling compete for consumers time in what is a largely unregulated marketplace for its competitors.” The question is right there in the title, you have to tune in to see what their answer is.Finally, the POWER Hour ends with a Panel Discussion on the “Trends for Growth in 2021.” Discussing what will work best for the year will be Rhi Burns, Chief Commercial Officer, Annamaria Anastasi and Magnus Axelsson, Sales Managers at Zimpler, and Sarah Psalla, Business Development Sales at Zimpler.iGaming NEXT has quickly made a name for themselves in the gambling industry by delivering a different kind of discussion for the gambling industry. As co-founder and Managing Director Pierre Lindh told us in October, the series was designed to offer something a little different, and bring a TED talk feel to the gaming space.It’s free to join the iGaming NEXT: POWER Hour, so there’s really no miss it. Just sign up here, or check their website to see previous POWER Hours. You can also check out our previous coverage of iGaming NEXT Online to get a taste of what to expect.
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Win a Share of $1.5 Million in PokerStars’ Tetris® Spin & Go Games
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February 16, 2021 Matthew Pitt Tetris® combines with Spin & Go tournaments at PokerStars in a fun promotion that sees $1.5 million paid out between February 15 and March 28. Head to the Spin & Go lobby in the PokerStars client and you’ll see there are Tetris® Spin & Go games with buy-ins of $0.25, $1, $2, $5, $10, $25, $50, $100, $250, and $500. They all play out the exact same way as a traditional Spin & Go, meaning they’re three-handed hyper-turbo tournaments where the prize pool is randomly determined before the first hand is dealt. It’s still possible to win up to $1 million in some of these game, but there are a few notable differences. First, the virtual felt is made up of Tetris® blocks, which actually looks pretty cool. Also, the dealer button is now a Tetris® block too, and other blocks fall down the screen. The Tetris® part of the promotion comes in the form of leaderboards. There’s a separate leaderboard for each Tetris® Spin & Go buy-in level, so 10 in total. You need to opt-in and then fire up some Tetris® Spin & Go tournaments. Play your tournaments as you would ordinarily, but do so knowing the aim of the game is to clear lines, just like in Tetris®. The number of lines you clear depends on your Spin & Go multiplier and your finishing position in the tournament. Your level increases each time you clear five lines. This results in you earning even more points so you can climb up your leaderboard faster. The 2021 Guide to PokerStars Spin and Go Poker How Many Lines Do I Clear?  1st2nd3rd 2x432 3x321 Over 3x211 As you can see from the table above, finishing in 1st place in a Tetris® Spin & Go that has a 2x multiplier clears four lines. Just playing a tournament earns you points. How Do You Earn Points? The number of leaderboard points you earn is based on your finishing position and your current level. You start off earning 40 points for clearing one line when you’re at Level 0, but this increases to 840 points if you manage to climb to Level 20, which is the highest level you can achieve. It is possible to earn up to 25,200 points per Tetris® Spin & Go tournament, as you can see in this table. LevelPoints for 1 LinePoints for 2 LinesPoints for 3 LinesPoints four 4 Lines 0401003001,200 1802006002,400 21203009003,600 31604001,2004,800 n=40*(n+1)=100*(n+1)=300*(n+1)=1,200*(n+1) 208402,1006,30025,200 Tetris® Spin & Go Payout Table The leaderboards payout $33,000 every day throughout the promotion making for a combined total of $1,500,000 just for playing Tetris® Spin & Go tournaments. The $0.25, $1, $2, and $5 leaderboard payout the top 100 points earners, so you have a decent chance of walking away with a cash prize. The prizes don’t have any restrictions on them meaning you’re free to do with them as you wish.  $0.25$1$2$5$10$25$50$100$250$500 1$50$150$250$400$500$500$750$1,000$1,500$3,000 2$40$100$200$300$400$400$600$800$1,000  3$30$75$150$250$350$350$500$600$750  4$20$50$100$200$300$300$400$500$500  5$15$25$50$150$250$250$300$400$500  6-10$10$20$40$100$150$150$150$200   11-20$5$10$20$50$100$100$100$100   21-50$5$5$10$25$50$50     51-100$5$5$5$10       Spin & Go Your Way to a PokerStars Sunday Million Seat The Tetris® Playing Field – Avoid Hitting Game Over There’s an extra element to this promotion that you have to be aware of at all times. PokerStars calls it the Playing Field. Just like in a game of Tetris® where it is Game Over when the blocks reach the top of the screen, it can be game over for you if you go on a streak of out of the money finishes! Finishing in first place either improves your Playing Field status or makes zero change to it. Finish in second place, however, and your Playing Field status either stays the same or actually worsens, which is also the case when you finish in third place. Your table, or playing field, is green in color when your Playing Field is in a good state. It turns amber when it is worsening and turns red when you’re in big trouble. Failing to win when your playing field is red could see you reach Game Over which means you cannot earn any more leaderboard points until the next day! The changes to your playing field status depend on your current level.  1st place 2nd place 3rd place   LevelImproveNo ChangeNo ChanceWorsenNo ChangeWorsen  0-1100%0%100%0%100%0%  2-580%20%80%20%50%50%  6-960%40%60%40%40%60%  10-1340%60%40%60%30%70%  14-1720%80%20%80%200%80%  18-2020%80%20%80%10%90%  Get Involved in the Tetris® Spin & Go Promotion With $33,000 waiting to be won every day until March 28 there’s no time to waste if you want to win some free cash. Download PokerStars via PokerNews, enter the bonus code “STARS600” when making your first deposit and PokerStars will match your deposit 100% up to $600. In fact, your first three deposits in a 90-day window are matched 100% up to a combined maximum of $600. All you need to do then is opt-in and fire up some Tetris® Spin & Go tournaments and see if you can pad your bankroll with some of the $1.5 million that’s guaranteed to be won. That and try not to spend the rest of the day humming the famous Tetris® tune! The Stars Group is a majority shareholder in Oddschecker Global Media, the parent company of PokerNews.
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BGC ices gambling talk on football social media sites
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The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators. Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers. As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways. BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators. In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.” The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them. The post BGC ices gambling talk on football social media sites appeared first on .
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Town Council Bans Online Gambling Establishments in Branford
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This week, the Town Council of Branford, Florida banned the operations of establishments allowing any type of online gambling, including online gaming machines, sports betting facilities and online casino. The ordinance passed unanimously and there is no public comment or opposition voiced at a meeting on the matter. Earlier this month the same happened to Marion County where online gambling machines were banned. According to Town Council President, Ken Saunders, the ban was necessary for the town since it was so small, just a mile radius, and there was no place for online gambling activities. Another reason behind the decision is that there are many churches and residential areas, such as parks, playgrounds and schools and since the town is so small, there is no way to have protective zones around these facilities. This makes it difficult to keep an online gambling establishment like internet cafes that would allow online gambling and sports betting. The ordinance says “The Town Council finds it necessary to ban the operation of these establishments for the health, safety, morals and welfare of the community of Branford.” Donna Hardin, the town clerk of Branford for over 15 years said that the council did not want any kind of online gambling establishments inside the municipal limits. She added: “Our town is so small we don’t really have any room for it.” According to her, the town currently did not have any internet cafés and the council wanted to keep it that way. The ordinance stated that the ban is active for 12 months with an automatic 6-month extension, which could only be stopped or reduced by the council itself. Hardin said that during the 12-month period, the council would be able to keep a close eye on the problems regarding online gambling in town and later it would evaluate if more actions should be taken. Marion County Example According to Hardin, Branford’s council is learning from what happened to Marion County. The ban there was followed by robberies of online gambling machines and establishments in the county. The Branford vote is a preventive measure to ensure that no such thing could happen to the town. According to Marc Dunbar and Daniel Russell, who specialize in gambling law, internet cafes are considered to be convenience casinos or adult arcades, which offer online games that are almost identical to slot machines in casinos. They added that currently Florida has more types of gambling than any other state in the US. Meanwhile, measures should be taken to ensure a safer gambling experience. The town council does not plan to see any establishments like internet cafes within the borders of Branford. According to Saunders, meanwhile more businesses are built in the town that its citizens are more likely to enjoy. He added: “Our town is growing, but it’s businesses that everyone can use.” Source: “Branford bans online gambling establishments”, WUFT, February 15, 2021
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Pearl Legend Hold and Win Slot Review
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Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.
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Is Hellmuth vs Negreanu happening?
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We recap some stories you may have missed including a huge PKO event and how much of himself is Landon Tice playing for? KidPoker vs the Poker Brat? We hinted at it last week and now it seems confirmed that Daniel Negreanu and Phil Hellmuth will play heads-up.  Given both men are traditionally live players it seems inevitable that it will be face to face and streamed on PokerGO.  The early betting markets have suggested Hellmuth is the favourite, which seems ludicrous given how much Negreanu improved in his heads-up challenge against Doug Polk.  Happy to play anyone on @PokerGo App’s “High Stakes Duel.” Looks like they are bringing me the GREAT Daniel Negreanu @RealKidPoker, the guy that studied heads up for months w coaches I respect, so be it. It will be a great challenge for me! Hoping I don’t look like THIS photo!! pic.twitter.com/EpE1BqRMWP — phil_hellmuth (@phil_hellmuth) February 13, 2021 Tice has skin in the game The other big heads-up match in the works is Landon Tice vs Bill Perkins, and it has been the subject of a lot of debate this last week. Namely, how much does the poker wunderkind Landon Tice have invested in himself? Rumours circulated that he is playing for just 10% of himself in this challenge where he is already paying Bill Perkins $720,000 to play.  Tice confirmed that he has sold a lot of action for this event but while his percentage is low, it still means he has a lot of his net worth on the line: Let me make something clear that I'm sure everyone cares about regarding my challenge with @bp22 I'm selling a lot of action for it. A lot.I'm not rolled to battle at nosebleeds. However, I am putting a very large amount of my relative net worth on myself winning it. — Landon (@LandonTice) February 11, 2021 MicroMillions the biggest PKO ever? The MicroMillions Main Event was a PKO for the first time in its history and it (probably) automatically became the biggest field ever for a progressive knockout tournament.  49,487 entries for the $22 Main Event, which was not quite enough to hit the $1 million guarantee.  It did lead to one player bagging almost $60,000 for their troubles including $18,651.13 in bounties alone: The final table Table stakes only OK, so this week's meme classic from Reddit beats all those 'toilet roll poker home game' jokes from last year: When Polaks Play Poker from r/poker Will we see Hellmuth vs Negreanu heads-up? Let us know in the comments: Barry Carter Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2, Poker Satellite Strategy and PKO Poker Strategy
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GGPoker Adds More Variety to No-Strings-Attached “Daily Freebie” Promotion
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Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded. During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls. All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes. The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase. “GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker. “We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.” For existing players, Daily Freebie is available immediately—just log in and claim. If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses. How the GGPoker Daily Freebie Promotion Works The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021. One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin. This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.* Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded. The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon. Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge. As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes. The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie. Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison. The overall feedback for the new tournament format has been very positive, as outlined by Burke. “Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.” Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February. The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.
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Did the next Macau bubble just start two weeks ago?
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
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Colorado Licence for Intelitics
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Intelitics, the leading performance marketing and analytics platform provider, has been granted a licence by the Colorado Division of Gaming allowing it to work with licensed sportsbook operators in the state for the first time.Intelitics already holds licences in New Jersey and Pennsylvania, with Colorado the third with more to follow in the coming months.Intelitics provides online sportsbook and casino operators with a single platform that allows them to track, analyze and grow all acquisition partnerships and campaigns across web and mobile through access to real-time data which in turn allows them to unlock hidden revenue and boost ROI.Intelitics’ real-time data hub keeps media buyers, analysts and executives on the same page about spend and results. Operators can use one set of metrics to “slice and dice” media performance to discover what activity is delivering the best results.Powerful, streamlined reports provide full visibility into cross-channel interaction and the customer journey. A holistic view of costs v player value means operators can easily determine the most valuable media sources which improves revenue allocation modelling and inform media investment.CasinoAffiliatePrograms, the premier standalone iGaming specific Ad Network, which is powered and run by the Intelitics team, has delivered more than $70m in net game revenue through 150,000+ new depositing customers.Armed with its Colorado licence, Intelitics is now looking to work with licensed online sportsbook operators in the state in order to help them unlock the greatest value from their marketing activity.Allan Stone, CEO at Intelitics, said: “We are delighted to have secured a licence from the Colorado Division of Gaming allowing us to work with licensed sportsbook operators in the state for the very first time.”“As legal online sports betting continues to roll out across the US, there is a tremendous first mover advantage to be had but operators must ensure they are acquiring players at the right cost and through channels that deliver true value.”“Our cutting-edge platform provides the real-time data, insight and reporting that operators need to do just that across all of the channels they use to market to players. We look forward to working with sportsbooks licensed in the state of Colorado.”
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