Barstool Sportsbook App Makes A Splash in Pennsylvania Launch

Icon Displaying Variety of Sports, Hand Holding Cash
Penn National Gaming’s Barstool Sportsbook app shattered download marks by DraftKings and FanDuel over the weekend. The much-publicized sports betting app created by Penn National and Barstool Sports had a three-day soft launch in Pennsylvania last week before going live during the weekend. Preliminary data on Pennsylvania sports betting were very impressive.

Better Opening Numbers Than FanDuel and DraftKings

According to market intelligence firm Sensor Tower, the Barstool Sportsbook app was downloaded 63,000 times during the weekend or an average of 21,000 downloads per day. The numbers are significantly higher than the 4,000 downloads that DraftKings got during its first weekend in 2018 and its single-day high of 15,000 downloads during the opening of the NFL earlier this month.

Similarly, the Barstool Sportsbook app’s weekend numbers topped FanDuel’s inaugural weekend total of 9,000 downloads during the opening weekend of the 2018 NFL season. FanDuel established a single-day high of 19,000 downloads last September 13 as the NFL’s 2020 season opened but Barstool’s 21K downloads per day last weekend was still better.

Expanding The Industry

Per Morgan Stanley analyst Thomas Allen, the app’s downloads started out “extremely strong” yet the download numbers for its competitors didn’t seem to slow “meaningfully”. That bodes well for Pennsylvania sports betting as Allen notes that the Barstool Sportsbook app isn’t “cannibalizing” the industry but merely expanding it.

Allen downgraded Penn National and DraftKings last month from overweight to “equal-weight”. The Morgan Stanley analyst cited valuation as the reason for the downgrade with both stocks going sky-high this year. DaftKings went public last April and as of Monday’s closing, the stock had risen 194% since then. Meanwhile, Penn Gaming had a gain of 416% during the same period.

Too Early To Tell

Obviously, it’s too early too tell whether Penn Gaming’s new app will become a national force. Sure, Pennsylvania sports betting is a major wagering market but it is only one state. Penn Gaming plans to launch in several states in the first quarter of 2021. DraftKings and FanDuel are etched in the other states as well with other major competitors like BetMGM, William Hill, FoxBet, and PointsBet contending for market shares as well.

Barstool’s launch was well-timed and it debuted in a mature betting market. On the other hand, DraftKings and FanDuel launched without the same fanfare and before the U.S. Supreme Court thrashed the Professional and Amateur Sports Protection Act of 1992. Despite these apples to oranges comparison, there is no question that the Barstool Sportsbook app made a splash during its opening weekend.

Judge Orders Ex-Borgata Executive to Return Mobile Phone

Borgata Hotel-Casino
Borgata Casino got a shot in the arm from Lady Justice last Thursday as a federal judge in Nevada ordered a former Borgata casino executive, among others, to return a company-issued mobile phone which contained valuable information on Borgata’s top players and highest rollers.

Aside from instructing the former Borgata exec to return the cell phone, U.S. judge Gloria Navarro also issued a temporary restraining order preventing the two former executives who left Borgata this summer to work for the Ocean Casino Resort from contacting any past, present, or prospective clients of the Borgata Casino. Navarro also ordered the two former Borgata executives not to share trade secrets or confidential information to their new employers.

Poaching Accusation

However, the judge did not order the two executives removed from their jobs at Ocean Casino despite violating unfair competition laws and agreements. In not terminating the two, Navarro reasoned that the plaintiff did not present evidence that proved Ocean knew that the two were using Borgata trade secrets in their current employment.

Last month, Borgata Casino accused Ocean Casino of “poaching” six former executives in what it called an “attempt to cripple “ it by using trade secrets and sensitive information about its top clients. Borgata proceeded to filing a lawsuit after it asserted that the hiring of their former officers violated New Jersey’s unfair competition laws.

Attempt To Cripple Borgata

The case centered on William Callahan and Kelly Ashman Burke, who worked with Borgata’s top clients, and who were recently hired by Ocean Casino. Borgata took exception of Callahan for his failure to return a company-issued cell phone which was said to contain top secret information regarding Borgata’s high-rollers. Borgata claimed that Callahan refused to return the phone even after he had resigned from his post at their casino.

Callahan worked with Borgata’s highest-level customers who spent around $1.5M-$4M per visit. Borgata claimed that these clients were worth a collective $25M per year and Ocean was “crippling” their business using the information that Callahan took from Borgata using his cell phone. The case was filed in Nevada because MGM Resorts International, Borgata’s parent company, is located there.

Developers of Isle Casino Property to Add Industrial Space to Their Project

Isle Casino Racing Pompano ParkCordish Companies and Caesars Entertainment, the two companies redeveloping the Isle Casino Racing property in Pompano Beach, announced their intention to add an industrial space to their project.

The request was approved by the commissioners 4-2 during the first reading, with a second reading scheduled for October 27. If approved on the second reading, the change could be enacted sometime next year after a review by county and state authorities.

Request to Change

The two companies submitted a request to change the zoning and approved land use for Isle Casino. In a meeting last Tuesday, Cordish Companies chairman David Cordish told commissioners that the COVID-19 pandemic has caused offices to work remotely. Because of this, the developers want to reduce the office area and introduce an industrial space at the 777 Isle of Capri Circle project.

The proposal cuts the maximum office space area of 2 million square feet to 1.35 million square feet. This will allow a total area of 1.5M square foot to be available for industrial space. The other components of the redevelopment plan will be unchanged.

Cordish also said during the virtual meeting that his company and Caesars Entertainment already have a non-disclosure agreement with a prospective tenant who would occupy more than 1M square feet of industrial area and employ an 1,200 workers at the Isle Casino property. Sources are saying that the possible renters are Amazon or Walmart.

Residents Express Concerns

However, Pompano Beach residents expressed their concerns about the proposed warehouse in their area. The group mentioned the lack of details regarding the proposed change . They claim that more information should be revealed regarding truck traffic and operating hours as these could significantly impact the traffic in the area. Furthermore, Cypress Bend and Palm Aire residents are complaining that they were not consulted on the proposed logistics center.

Last year, the city approved a proposal by the Cordish group and Caesars to triple the number of residential units at the Isle Casino property and double the office space requirements. The Pompano Beach property was part of a $1.7B purchase of the Isle of Capri Casinos in 2017 by the Eldorado Resorts. Eldorado merged with Caesars Entertainment last July.

Upon its completion, the property will be rebranded as Live!Resorts Pompano. It will include a racetrack, casino, 950 hotel rooms, 300,000 square feet of retail area, and 4,100 residential units.

Shinnecock Nation and Seminole Hard Rock Join Forces For Casino Venture

Flag Of New York
The Southampton-based Shinnecock Nation has entered into an agreement with the Seminole Hard Rock Entertainment and developer Tri-State Partners for a casino venture in New York. The Shinnecock Nation have long wanted to build and operate their own casino to advance an economic agenda for tribal employment and gaming revenues. Now, they have moved closer to that ambition.

A Fully Vested Partnership

In a statement made last Wednesday, the Shinnecok Nation announced that they have forged a “fully vested” partnership with the tribal gaming giant to develop “world class entertainment destinations”. The treaty is expected to create hundreds of jobs and and revenue sources not just for the Shinnecock Nation but also for the State of New York.Tribal casinos generally pay a tax of 25% of their gaming revenues to the state under existing tribe-state covenants.

The tribe also revealed that the U.S National Indian Gaming Commission has approved its tribal gaming ordinance this summer. It’s application was deemed approved after the NIGC chairman took no action to approve or disapprove the Shinnnecock Nation’s application within the 90-day deadline. With the validation, they are now permitted to operate class II gaming on tribal land, and class III gaming on tribal land or land taken into trust in behalf of the tribe.

Long Wanted a Casino

After their federal recognition in 2010, the 660-member tribe worked with the Detroit-based Gateway Casino Resorts to build one or more casinos in the state but eventually, their discussions failed to materialize. The tribe also explored a 97-acre property Westwoods property in Hampton Bays but the facility isn’t expected to be used for gaming purposes.

The Shinnecock Nation also operates the first solar oyster hatchery in the East Coast. In 2019, they also unveiled the first of two electronic billboards along Highway 27 ( also known as Sunrise Highway) in Newhampton. The 61-foot billboard features advertisements that change after a few seconds. Aside from outdoor advertising, they also have prime real estate in the area.

Mirage Set To Reopen on Aug. 27

Mirage
MGM announced on Friday that The Mirage will reopen on August 27th.

The opening comes ahead of the long labor day weekend and the integrated resort is eyeing to capitalize on the expected traffic during that three-day break. Labor day 2020 will be on September 7, 2020. 

The Mirage has been closed since March of this year due to the coronavirus pandemic. When Nevada allowed casino gaming to return last June 4, MGM Resorts said that it would open its Las Vegas properties in phases, and as the travel demand returns.

Said MGM CEO Bill Hornbuckle:

“As we have slowly and thoughtfully reintroduced our properties across the country, we have placed the health and safety of our guests and employees first at all times. Reopening The Mirage allows us to bring many more of our employees back to work, which is critical in the recovery of our community.”

One of the Last To Reopen

The Mirage Casino resort ushered the transformation of the Las Vegas Stip when it debuted in 1989. The 3,044-room resort is part of casino giant MGM Resorts International and is well-known for its iconic volcanic show. It was also the longtime home for world famous magicians Siegfried and Roy. The Mirage has also hosted the popular Cirque du Soleil show “The Beatles LOVE” for years.

Like the other MGM hotels, The Mirage will have complimentary self-service parking by no valet parking. MGM’s health and safety protocols will also be in place. These include the wearing of face masks, use of plexiglass barriers, and the strict implementation of social distancing.

The first MGM hotels to open in the state were Bellagio, New York-New York, and MGM Grand. Aria, Vdara, Mandalay Bay, the Signature at the MGM Grand, Delano Las Vegas, Excalibur, and Luxor followed. The Mirage is one of the last of MGM’s 13 hotels to reopen. After August 27th, only Park MGM and NoMad, a boutique hotel inside Park MGM, will be the only two MGM hotels closed.

Good News

The Mirage did not mention how many employees will return for work during the reopening. However, gaming establishments all over the United States are operating at a decreased capacity as part of the health protocols imposed due to the pandemic, which means lower staff count.

Still, the announcement of the reopening of the Mirage is good news for the Silver state’s depleted economy. The Nevada Department of Employment, Training, and Rehabilitation reported a jobless rate of 15% last June, one of the highest in the entire country.

Last year, Mirage contributed a total of $615.17 in revenue to the Las Vegas economy, an increase of almost $20M from its 2018 income figures. The Mirage ranked fourth among Las Vegas Strip hotels and resorts in revenues, behind only Bellagio, MGM Grand, and Mandalay Bay.

 

Red Rock Casino President Passed Away on July 4

Red Rock Resorts

Richard J. Haskins, the president of Red Rock Casino, died on July 4 after a fatal watercraft accident. 

Haskins was spending the weekend on Lake Michigan with his family. The accident happened roughly around 2:00pm on Saturday afternoon. Haskins was traveling westbound in Little Traverse Bay, and at the same time, a 27-foot powerboat, driven by a 77-year old man named James Moffat, was traveling northbound. The boats collided at top speeds.

Immediately following the accident, Haskins was transported to Harbor Springs launch area, where he was pronounced dead by the medical staff. The accident remains under investigation, and very few details have been released yet. It is unknown who is technically at fault for the accident.

Red Rock Casino’s board of directors released this statement in response to Haskins death,

“The entire Station Casinos family mourns this loss. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to the Haskins family.”

Red Rock Casinos board of directors will release a plan for Haskins’ replacement sometime in the next couple of days. Right now, they are focused on mourning his death and grieving with his family over their loss.

Haskins has been with the company for over twenty-five years and was an essential part of the business. Frank Fertitta III, Red Rock’s CEO described him in this way,

“He was a trusted advisor, a brilliant strategist, a steady hand in good times and in bad and most important – a friend to all.”

Wrap Up

Red Rock Casino and its staff are mourning the loss of their beloved president, Richard J. Haskins. After twenty-five years with the company, he had earned the respect of many and will be greatly missed.

Whoever is hired to replace him will have big shoes to fill. When more details regarding the future of Red Rock are released, I will be sure to share them with you.

Gold Spike, Corduroy, and More Reopen in Downtown LV

Gold Spike Las VegasDowntown is expanding its available entertainment options. On Wednesday, Gold Spike, downtown’s adult playground, Corduroy, a popular bar known for its music selection, Smashed Pig, a gastropub, and Oak & Ivy, a cocktail bar, reopened.

Gold Spike’s ‘Backyard’ playground is welcoming back groups of no more than five or less per table, serving customers on a first-come, first-served basis with no required minimum. The new hours of operations are from Wednesday through Sunday, 7 p.m. to 2 a.m.

The Smashed Pig will be offering dine-in service, featuring their full food and cocktail menu. Reservations are encouraged. Their new hours of operation are Wednesday through Thursday, from 3-9 p.m., Friday, from 3-11 p.m., Saturday, from 10 a.m.-11 p.m., and Sunday 10 a.m. to 9 p.m.

The Corduroy bar will be allowing groups of up to five people, to adhere to social distancing guidelines as provided by the CDC. Their new hours of operations as of now, in a similar trend to the other reopened businesses, are from Wednesday through Sunday, 5-11 p.m.

And Oak & Ivy, which is nicknamed downtown’s “Container Park’s bar in a box,” is encouraging guests to make reservations through OpenTable before coming down. Their updated hours of operation are Sunday through Thursday, from noon-8 p.m, and Friday through Saturday, from noon-9 p.m.

Downtown is Slowly but Surely Reopening

The four new downtown re-openings join a list of other downtown properties and the Fremont Experience which reopened last Thursday, June 4.

Ahead of reopening, the D Hotel & Casino’s parking garage was full of guests waiting to get back into the casino to gamble. Only hotel guests were allowed to reenter ahead of the midnight opening.

D Hotel & Casino’s owner, Derek Stevens, led a New Year’s Eve-style countdown to midnight, and the crowd was all for it. And it’s no wonder the pent-up demand was high, with casinos being closed a total of 78 days in the state.

Some things that looked different inside of downtown casinos right now are employees wearing masks, entrants having to undergo a temperature check when coming into the property, and plexiglass barriers on the casino floor. The Gold Nugget, on the other hand, is only taking hotel guests’ temperature at check-in.

It seemed that outside of questions about safety protocols, the most asked questions were if football was coming to come back or not in the sportsbooks.

Overall, it seems the energy downtown is full of excitement and forward-focused on what’s to come.

More Free Parking Options Downtown

Downtown Las Vegas has been doing a few things to encourage tourists and locals back to its streets.

For one, D Hotel & Casino’s owner Stevens gave away 2,000 free one-way flights to Las Vegas in the week leading up to its reopening. It’s no surprise that the flights sold out by the afternoon.

When Nevada entered into Phase 1 of reopening, which allowed for the reopening of dine-in restaurants without operating bars, many staple downtown restaurants started offering sidewalk dining to accommodate guests and make them feel more comfortable in returning.

Now, the city of Las Vegas is taking it a step further by providing new parking amenities alongside the safe reopening of its businesses and casinos.

Beginning June 8, additional convenient parking options have been introduced for those visiting downtown restaurants, attractions, and other businesses.

In partnership with the Downtown Project (DTP), parking is now free for the month of June at downtown LV’s Llama Lot, which is located at 152 N. Ninth St.

Discount for All-Day Parking

Additionally, all-day parking is now 50 percent off at many downtown lots and parking garages if reserved in advance through the ParkWhiz app.

In addition to the discounted and free parking, the city of Las Vegas has also introduced new technology giving patrons touch-free options in their garage transactions, including QR code scanning, using Apple or Google Pay, or waving hands in front of garage sensors instead of physically touching kiosks.

Downtown’s Reopening Came on the Heels of George Floyd Protests

A week before downtown reopened its casinos and retail businesses, it was overrun by protests honoring George Floyd. Downtown became the epicenter of the protests in Las Vegas.

It put businesses in a tough position of whether or not to postpone their re-openings.

Some popular bars in Fremont East district, including the highly-anticipated reopening of Commonwealth, made the decision to postpone their Thursday, June 4 opening after suffering some damage from the riots last Monday night.

But, despite the concerns of the violence, many downtown businesses were in solidarity and support of the protests.

Despite Public Concerns, People Showed Up for Downtown’s Reopening

While the coronavirus pandemic is still active, and protests and riots are still occurring, it didn’t stop people from returning to downtown Las Vegas and the city of Las Vegas to get back into the action.

Trends over how Las Vegas fares over the next few weeks with being reopened will be important in other casino operators deciding to reopen their properties to the public as well. Las Vegas is taking a smart, measure approach to its reopening, reintroducing properties a little at a time to gauge public impact and demand.

So far, so good. There have been no big jumps in daily COVID-19 cases or hospitalizations, and with airfare to Las Vegas being reduced and hotel rates being on the low-end, it’s predicted that Vegas will see many more visitors by the end of June and through July.

We hope that’s the case, as it’ll help springboard Nevada’s economy back into recovery after COVID-19 shuddered the state’s industry workforce.

Because of the coronavirus shutdown, and it being a city built on tourism and gaming, Nevada has topped lists for the highest unemployment percentage in the country for the month of April. Thankfully, with casinos reopening, many casino employees are getting their livelihoods back into full swing.

The “New Normal” for Vegas for A While

Vegas has reopened to a “new normal” amid the coronavirus pandemic.

In fact, the new Vegas experience was highlighted in the city’s latest tourism ad that’s describing the new reality as a more “intimate” Las Vegas experience.

So if you’re returning to Las Vegas or you’re new to visiting the city as a whole, what will look different? Well, with social distancing guidelines being considered and implemented all throughout the valley, that will mean a less-crowded Vegas.

Normally, downtown Las Vegas, especially the Fremont Street Experience, is overrun with crowds and people from all walks of life. But now, with confidence in air travel wary, the crowds will likely be a mix of locals and domestic guests, especially visitors from Southern California who are able to simply drive into town to experience the fun.

Many casino properties are only operating at reduced capacity as well, meaning guests will have more space to take in the sights or experience amenities without, hopefully, having to fight to get a reservation in.

Guests can also expect to see casino employees wearing facial masks, and floors riddled with social distancing guideline markers.

Stay Tuned

The 4th of July holiday weekend in Las Vegas this year will be an interesting one to watch. It’s hard to predict how busy it might or might not get, but as things are looking right now, you can probably bet that more people will be heading to town during that time.

In fact, MGM Resorts and Caesars Entertainment, the Strip’s two largest casino operators, are planning to open up more resorts in time for the holiday weekend, including Mandalay Bay, Luxor, and Aria.

Are you excited that more businesses and casino-hotels are reopening across downtown Las Vegas and the Las Vegas Strip? Will you be coming into town to visit soon? Share with us below, and be sure to check back for more coverage regarding Las Vegas’ reopening.

Great Deals in Las Vegas Following Their Reopening Last Week

View of Las Vegas MGM Grand and Luxor

Who’s ready to head to Vegas?

Casinos opened for the first time since mid-March just over a week ago. They will be operating at fifty percent occupancy until further notice. Both visitors and employees will have to follow specific safety protocols to ensure coronavirus doesn’t spread throughout the facility. Despite the policy change, thousands of people rushed to the casinos as soon as they opened.

Don’t ever think you can stop gamblers, it just won’t happen!

Deals on Deals

Anyone who has visited Las Vegas in the past week has probably noticed the incredible deals at every corner. When it comes to booking a room at one of the city’s many fabulous hotels, expect to find record low rates.

The Wynn is offering rooms for as low as $150 per night, while the Bellagio has rooms for as low as $125 per night. Other hotels are offering incentives to get you to book your stay like a $100 dining credit or waved parking fees.

The CEO of LW Hospitality Advisors said,

“In Vegas, they need you to pay for the room less to still come in and spend money. They can afford to break even or even lose a little on the room in the hopes that you sit down at the table and drop some money or go to bars or a show.”

That’s how the casinos can get away with putting such a low price tag on their rooms.

Will they lose money in their rooms? Probably! Will they make up for it at the slots and other casino games? That’s certainly the hope.

Casinos are still worried that they may not be doing enough to keep a steady flow of people in and out of the casino though. With unemployment rates higher than they have been in years, people don’t necessarily have the extra money in the budget for a trip to Vegas. We expect to see Vegas casinos continue to use incentives and deals to draw people in. 

Wrap Up

Financially speaking, there’s no better time than the present to visit Las Vegas. Hotel rates are at a record low and they are giving away so many perks to make planning a trip more appealing. Not to mention, since casinos can only operate at a fifty percent occupancy, it will present a unique opportunity to visit the casinos minus the crowds.

If you find yourself with extra money and an urge to travel, Las Vegas could be an excellent choice!

Did you find a great deal in Vegas recently? Leave a comment below and let me know about it!

Boyd Gaming May Only Reopen 7 of its 10 Properties Once Shutdown Ends

California Hotel Las VegasBoyd Gaming Corporation, who owns 10 properties across the Las Vegas valley and 29 properties nationwide, may not be reopening its three downtown properties right away once Governor Sisolak lifts the shutdown order on casinos in Nevada.

Since downtown Las Vegas relies heavily on tourism, Boyd’s three down properties, California Hotel, Main Street Station, and the Fremont Hotel, may most likely have to wait until tourism starts to ramp back up downtown before they can open their doors to the public again.

Boyd’s California Hotel, for one, relies heavily on Hawaiian tourists for business. Las Vegas is also referred to as the “Ninth Island” for many who either visit from the state or have come to make Las Vegas their home. California Hotel gears its marketing specifically toward its Hawaiian crowds, with specific cultural events and dining options.

Boyd Properties Rely a Large Percentage of Business on Local Retirees

Just a couple of weeks ago, Boyd Gaming’s CEO Keith Smith said he believed that local casinos could be the driving force behind Las Vegas’ rebound.

According to Smith, the last time Las Vegas experienced an economic downfall was the recession period between 2008-2009, and what that situation proved was that the Strip didn’t refuel the locals market.

Although Strip properties were able to rebound quicker during the 2008 financial crisis, Boyd Gaming Corp. doesn’t see the same thing happening with the pandemic causing more worries to arise in travelers.

With confidence in air travel wary amid the coronavirus pandemic, the local market could very well prove to be Las Vegas’ saving grace once casinos reopen soon.

Boyd’s properties outside of downtown Las Vegas, including The Orleans, Gold Coast, Suncoast, Aliante Casino, Eastside Cannery, Cannery, and Sam’s Town, rely heavily on local retirees for their business.

“Those retirees didn’t have a job before this started, don’t have a job now. They still have their income,” Smith pointed out.

Local Gamblers Will Want to Return Once Casinos Reopen

With many Las Vegas residents having cabin fever due to stay-at-home orders, especially retirees without work, it’s predicted that many will want to drive down to their nearest local casino once they’ve been given the green light to reopen.

The local market will be vital in Las Vegas’ economic rebound, as it’s unsure how the Strip properties will do, especially since their business relies heavily on out-of-state and international visitors.

Boyd properties, on the other hand, doesn’t see much visitation from international guests.

Josh Hirsberg, Boyd’s executive vice president and CFO, pointed out that people aren’t going to want to travel. He believes that most people are just waiting to get back to “normal life,” or what they considered to be normal before the coronavirus hit.

Hirsberg said that for the locals market, that returning to normal can happen “pretty quickly” with Boyd’s properties.

Boyd Gaming Experiences 18% Revenue Drop in First Quarter

It’s no surprise that Boyd Gaming and other casino operating companies have experienced big revenue drops in the first quarter due to the pandemic.

According to preliminary results, Boyd Gaming’s revenue dropped 18 percent to $680.5 million for 2020’s first quarter.

Even with the revenue drop, CEO Keith Smith believes the company is in a good position to sustain itself throughout the shutdown. The company even plans to come out on the other side “more efficient” and “operationally-focused.”

In an effort to save on payroll costs, Boyd furloughed many of their team members. A common move for casino properties in Las Vegas to combat the economic downfall caused by the closures. Company executives are also expected to see “significant salary reductions.”

Stay Tuned

It will definitely be interesting to see what happens when casinos reopen in Las Vegas. In the same fashion as Boyd Gaming, casino operators on the Strip are also planning on not reopening all of their properties at once, such as Caesars Entertainment and MGM Resorts.

Whether downtown Las Vegas will take a while to rebound or not is something we’ll have to wait and see about.

Do you think tourism will return once casinos reopen in Las Vegas? Share your thoughts with us below!

World Poker Tour and Theta Labs TV Launching a 24/7 Poker Streaming Channel

Do you ever just stop and think, “man, I wish I could watch poker for 24 hours straight.” If you’re a normal person, then probably not. 

World Poker Tour Logo

But, if you do wish there was a way for it to be possible to watch poker matches and have them more easily accessible, you’re in luck!

Theta Labs, the creator of Theta.tv, is in works with the World Poker Tour to create a streaming channel that will have an “always-on” approach to showing poker.

“Theta Labs and WPT are innovators in our respective industries and this global partnership will provide our users with a new, ground-breaking way to watch the best televised poker product in the world, all powered by our peer-to-peer Theta blockchain technology, We’re looking forward to deeper integration of the Theta Network within WPT.” – CEO of Theta Labs, Mitch Liu

Who is Theta Labs?

Okay, but who exactly is Theta Labs? Are they poker experts?

No, not exactly poker experts, but they are experts in the world of streaming. 

Theta Labs, or Theta.tv, is best known for being a streaming channel that has a network with its own blockchain. This is designed to incentivize people to share bandwidth.

Theta.tv is a p2p network that is working to help with the issues of VDN’s having little to no reach in lesser developed countries.

Why Poker?

This is a move down by Theta Labs in an attempt to broaden their horizons outside fo their traditional esports market. Expanding a portfolio is by no means out of the ordinary for companies. While I’m not exactly sure why they started with poker, I’m definitely not going to complain about it!

During this time of pandemic in the world right now, streaming services and virtual playing of games will only become more and more important.

The Wrap Up

So, now we have another streaming platform to be able to enjoy poker. We will be able to us Theta.tv to watch the following:

  • World Poker Tour Seasons VIII through XVI
  • WPT Alpha8 Seasons I-III
  • WPT Greatest Season I-III
  • King of the Club

Hopefully, we continue to see a rise in streaming content that compliments fans of the online gambling world. 

If you guys have suggestions for some, or just have any questions or comments in general, feel free to drop a comment down below!