Connect with us

Industry News

Fremont Street Casino Icon Derek Stevens Unveils Details on New Sports Betting Venture, Circa Sports

Published

on

Fremont Street Casino Icon Derek Stevens Unveils Details on New Sports Betting Venture, Circa SportsReading Time: 3 minutes

 

Owner of the D Las Vegas, Golden Gate, and All-New Circa Discusses Going Head-to-Head with Some of the Biggest Vegas Sports Gaming Forces

 

Steve Carp, Managing Editor of Gaming Today, recently sat down with Fremont Street casino power player Derek Stevens in an exclusive interview to discuss his new Circa Sports sportsbook operation. The interview is wide ranging and can be read in its entirety by going to GamingToday.com.

There is nothing ordinary about Derek Stevens. He is larger than life and dominates whatever room he walks into. Yet Stevens prides himself on staying in touch with his customers and can often be seen chatting it up with them at the 110-foot Long Bar at The D, a bar he designed as a place where he would love to hang out and just watch a game.

The majority owner of Golden Gate Hotel & Casino and the D Las Vegas, Stevens has been involved in casinos since 2008, when legend tells of how he and his brother decided to buy the Golden Gate casino property while on vacation. Their plan became a reality later that year.

An example of his excellent business savvy came in 2008 when he bought the MLB minor league team Las Vegas 51s, selling it three years later for $20 million.

Derek is a native of Detroit and is extremely proud of where he comes from. His family business, Cold Heading Company, was originally started by his grandfather selling nuts and bolts to the automobile industry in Michigan. Stevens took over as CEO in 1994. Not only is he savvy, he’s highly educated, having graduated from the University of Michigan in 1990 and later obtaining his MBA from Wayne State University in 1994.

The following are key excerpts and quotes by Stevens from the article written by the award-winning Steve Carp for the iconic Las Vegas sports and gaming publication, Gaming Today:

Introduction

Not everyone gets to live their dream. Then again, not everyone is Derek Stevens.

The owner of the D Las Vegas and the money and power behind the under-construction Circa Resort and Casino always wanted to run his own sportsbook. He loves sports and betting on them. He also loves the idea of being on the other side of the counter.

Saturday at the Golden Gate on Fremont Street in Downtown Las Vegas, Stevens’ dream becomes reality. Circa Sports, the newest sportsbook operation in Nevada, will take its first bets after receiving approval from the state’s gaming commission last month.

In addition to the Golden Gate operation, Circa Sports will have its book at the D in mid-June after breaking away from its partnership with William Hill, which had run the book there for Stevens while he attempted to get licensed as a bookmaker.

And it’s all a prelude to the big one—the multi-level megabook at Circa come December 2020.

“We’re ready to go,” Stevens said. “The final details are being worked out and we’re really excited. We’re going to make everyone feel welcome. Whether you’re a big bettor or a small bettor, doesn’t matter. We want you to come in, place a bet, catch the games, have some fun.”

Catering to Sharps

The big bettors are a big part of Circa Sports’ vision. Stevens wants to return to the old days of Las Vegas where the mantra was “If you can bring it, you can bet it.”

“We’re not going to shy away from the big bettors,” Stevens said. “I’m not a guy who forgets this is gambling.”

He has had conversations with several known professional sports bettors, including Gaming Today columnist Bill Krackomberger. And they provided Stevens some valuable input as he goes forward with his Circa Sports venture.

“We’re going to take their action,” he said. “We’re going to welcome them in.”

Mobile Betting App

Stevens is also excited about the Circa Sports mobile phone app. He is cognizant that in-game wagering and the ease of placing a bet without a trip to a brick-and-mortar establishment is a fact of life in 2019 and he wants his app to be user friendly, convenient, and secure.

“It’s going to be a unique way for people to get involved,” he said. “Sure, we’d love for them to come visit us at the Golden Gate and the D, and eventually, when we open the book at Circa. But the phone app is very popular, especially for young people, and that’s an audience we’re trying to attract.”

No Vig Promotion

As an incentive to get customers to come visit Saturday, Circa Sports will not apply a vigorish to bets made at the Golden Gate property.

The zero-cent lines will apply to the NBA Finals, Major League Baseball, and the Champions League soccer final between Tottenham and Liverpool.

LINK TO FULL INTERVIEW HERE.

About Gaming Today:
Established in 1976, Gaming Today has been a staple for sports and gaming industry news in Las Vegas and across the country. It is the nation’s only newspaper dedicated to providing valuable up-to-date information on the casino industry and pari-mutuel race wagering. GamingToday.com contains news and features, plus expanded coverage in key areas—race and sports analysis, picks, tips, and handicapping.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Fremont Street Casino Icon Derek Stevens Unveils Details on New Sports Betting Venture, Circa Sports

Continue Reading

Industry News

Troll Hunters 2 Launches on Kindred Platforms

Published

on

By

Troll Hunters 2 Launches on Kindred PlatformsReading Time: 1 minute

 

Kindred Group has partnered with Play’n GO in an exclusive release of Troll Hunters 2, the sequel to the record-breaking first chapter of the Troll Hunters saga.

“Kindred has recently invested heavily in the quality of their exclusive games. We believe that product quality is ultimately what customers will recognize and value. This is what will set us apart from the competition and lead the way forward in casino,” Ale Rallo, Games Development Manager of Kindred Group said.

“Creating exclusive and localised content isn’t easy. But, with our gaming expertise and Kindred’s knowledge of their market and its players, together we created a title that we knew people would love, and we can already see it succeeding. It’s also a learning experience that will, ultimately, lead to more collaboration and even better ideas and concepts in the future,” Johan Törnqvist, CEO of Play’n GO said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Troll Hunters 2 Launches on Kindred Platforms

Continue Reading

Industry News

Nepal Government Introduces New Casino Rules

Published

on

By

Nepal Government Introduces New Casino RulesReading Time: 1 minute

 

The Government of Nepal has introduced a set of new rules relating to sharing of information about gamblers, management of assets and monitoring for suspicious activities.

As per the new rules, operators of brick-and-mortar casinos are required to maintain a record of visitors and players at the properties. Gambling venues should also deny access to those who are believed to be involved in suspicious activities.

The new rules mandate that the casinos must inform the government and the Nepal Rastra Bank about wins or losses of more than NPR1 million within a 15-day period. If the gambling venues suspect that a patron uses suspicious money, it has to compile a report and notify the NRB’s Financial Information Unit within a three-day period.

Under the recently adopted rules, operators of gambling venues must submit reports to the Department of Tourism in every four months. The reports must contain information proving that the casinos are not used for money laundering. Properties failing to submit the required reports could face fines of up to NPR50 million.

The newly imposed rules also contain provisions relating to sharing information about customers, casino operators and staff members. If casinos change staff, they must inform the authorities about the changes within a 15-day period.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nepal Government Introduces New Casino Rules

Continue Reading

Industry News

Zynga Poker Partners with Brad Garrett for “Celebrity Home Game”

Published

on

By

Zynga Poker Partners with Brad Garrett for “Celebrity Home Game”Reading Time: 1 minute

 

Mobile poker game Zynga Poker has partnered with Emmy Award winner Brad Garrett for a special “Celebrity Home Game” sweepstakes event.

By completing challenges daily in the Zynga Poker, two lucky players will win seats at a celebrity card game in Southern California, hosted by Garrett himself. Zynga will donate up to $100,000 to the Maximum Hope Foundation, a non-profit organisation founded by Garrett that provides financial stability for parents of children diagnosed with life-limiting conditions.

“What I love about Zynga Poker is that you can practice your game without having to worry about your ‘tells’ or poker table etiquette – it’s just about the cards. I can make a sincere pledge to the winners of this sweepstakes – when you’re at my Home Game, we’ll be playing by these same rules. Check your poker face at the door, and get ready to have some fun,” Brad Garrett said.

“Poker isn’t a game of chance – it’s all about showmanship and skill, and that’s something Brad Garrett has in spades – no matter what he says. We’re proud to bring our players an opportunity to participate in a once-in-a-lifetime poker night, hosted by a legend in comedy and a hero to families in need. Now our players have the opportunity to show off their skills and prove that lady luck plays favorites,” Bernard Kim, Zynga’s President of Publishing said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Zynga Poker Partners with Brad Garrett for “Celebrity Home Game”

Continue Reading
Advertisement
NSoft

Trending