FORT MYERS, Fla.- The Florida Lottery announced on Monday it’s given more than $29 billion for education since 1987. But, WINK News found out that money doesn’t go as far as you would think.
Monthly Archives: January 2016
Sol Kumin Named New Owner of the Year
OwnerView announced Jan. 5 that Sol Kumin, the owner of Lady Eli, Wavell Avenue, and several other stakes winners, has been chosen as the New Owner of the Year.
Sol Kumin Named New Owner of the Year
OwnerView announced Jan. 5 that Sol Kumin, the owner of Lady Eli, Wavell Avenue, and several other stakes winners, has been chosen as the New Owner of the Year.
Developer scoops up 38-acre IGT campus in southwest valley for $75M
Roberts, a partner with Panattoni Development Co., has bought International Game Technology’s 38-acre campus in southwest Las Vegas for $75 million, county records show. IGT listed the 610,140-square-foot property at Buffalo Drive and Sunset Road for $85 million last year after the company was acquired by Italian lottery operator Gtech.
Nebraska Lottery tops $581 million to beneficiary funds
According to percentages established by Nebraska voters in 2004, the Nebraska Environmental Trust Fund received 44.5 percent, the Nebraska State Fair Support and Improvement Fund received 10 percent and the Compulsive Gamblers Assistance Fund received 1 percent.
Nebraska Lottery tops $581 million to beneficiary funds
According to percentages established by Nebraska voters in 2004, the Nebraska Environmental Trust Fund received 44.5 percent, the Nebraska State Fair Support and Improvement Fund received 10 percent and the Compulsive Gamblers Assistance Fund received 1 percent.
Las Vegas Review-Journal Staff Balks At Limits On Covering New Owner
Las Vegas Review-Journal staffers expressed frustration Monday after New Media Investment Group, the company managing the newspaper, brought in a Rhode Island editor to help establish guidelines for how the paper covers itself, the latest twist in a nearly four-week drama inside Nevada’s largest media outlet. Yet even as management tried taking more control of how the paper reports on its own transactions and new owner, billionaire casino magnate Sheldon Adelson, features editor Stephanie Grimes opted for the level of transparency that’s come to be expected from the Review-Journal newsroom.
Las Vegas Review-Journal Staff Balks At Limits On Covering New Owner
Las Vegas Review-Journal staffers expressed frustration Monday after New Media Investment Group, the company managing the newspaper, brought in a Rhode Island editor to help establish guidelines for how the paper covers itself, the latest twist in a nearly four-week drama inside Nevada’s largest media outlet. Yet even as management tried taking more control of how the paper reports on its own transactions and new owner, billionaire casino magnate Sheldon Adelson, features editor Stephanie Grimes opted for the level of transparency that’s come to be expected from the Review-Journal newsroom.
Recent Research Analysts' Ratings Updates for Wynn Resorts, Limited
According to Zacks, “Wynn Resorts’ revenues have been missing the Zacks Consensus Estimate over the past four quarters due to a sluggish performance in Macau. The anti-graft corruption drive undertaken by the Chinese government is keeping VIP gamblers at bay.
Recent Research Analysts' Ratings Updates for Wynn Resorts, Limited
According to Zacks, “Wynn Resorts’ revenues have been missing the Zacks Consensus Estimate over the past four quarters due to a sluggish performance in Macau. The anti-graft corruption drive undertaken by the Chinese government is keeping VIP gamblers at bay.
SJM Holdings hangs on to bonus scheme despite Macau’s lackluster 2015
Here’s a bit of post-holiday cheer for SJM Holdings Ltd. employees: the Macau-based gaming operator will keep on giving out bonuses this year despite the lackluster performance of the city-state’s gaming sector in 2014.
Labor activist group Forefront of Macau Gaming got ahold of an internal notice in which SJM announced that it will distribute bonuses to its employees this year, Macau Business Daily reported.
According to the announcement, the casino operator will offer an annual bonus equivalent to two months’ salary for employees who are earning MOP20,000 (US$2,500) and below.
For employees receiving wages higher than that level, they will receive an annual bonus equivalent to 1.5 months of their salaries or MOP40,000, whichever is higher, according to the news report.
SJM Holdings hangs on to bonus scheme despite Macau’s lackluster 2015
Here’s a bit of post-holiday cheer for SJM Holdings Ltd. employees: the Macau-based gaming operator will keep on giving out bonuses this year despite the lackluster performance of the city-state’s gaming sector in 2014.
Labor activist group Forefront of Macau Gaming got ahold of an internal notice in which SJM announced that it will distribute bonuses to its employees this year, Macau Business Daily reported.
According to the announcement, the casino operator will offer an annual bonus equivalent to two months’ salary for employees who are earning MOP20,000 (US$2,500) and below.
For employees receiving wages higher than that level, they will receive an annual bonus equivalent to 1.5 months of their salaries or MOP40,000, whichever is higher, according to the news report.
Macau, Las Vegas, and the UK – Gaming Investment Guide for Q1 2016
Macau
Well that was a wild start to the new year. Chinese indexes have collapsed over 7% in two days. The fact that there was no bounce today in the Shanghai Composite Index betrays serious market weakness. Nevertheless, we’ve seen last year that Macau stocks and mainland Chinese stocks are not necessarily correlated. China can crash and Macau stocks can trade independently for the short term. We saw this yesterday as Melco, Las Vegas Sands, and Wynn were only slightly down. Galaxy Entertainment was actually up.
This should not be misconstrued as showing complete independence between wider Chinese capital markets and Macau. Longer term, the lower Chinese shares go (and they have a long way down to go) the worse off Macau casinos will be. It is likely that much of the liquidity gamblers use in Macau is from stock market wealth, especially for the remaining VIPs who still manage to get money through, and this liquidity source is evaporating.
A bird’s eye view shows that Macau has two opposing forces influencing it that could pull it in either direction, theoretically. The ongoing “corruption crackdown” is the immediate catalyst of the fall since March 2014. If there is any sign that capital flow regulations are being liberalized by Beijing, then all Macau stocks will move much higher very quickly. But despite vague rumors of Beijing easing up on Macau since October, there is really nothing doing in that department.
Macau, Las Vegas, and the UK – Gaming Investment Guide for Q1 2016
Macau
Well that was a wild start to the new year. Chinese indexes have collapsed over 7% in two days. The fact that there was no bounce today in the Shanghai Composite Index betrays serious market weakness. Nevertheless, we’ve seen last year that Macau stocks and mainland Chinese stocks are not necessarily correlated. China can crash and Macau stocks can trade independently for the short term. We saw this yesterday as Melco, Las Vegas Sands, and Wynn were only slightly down. Galaxy Entertainment was actually up.
This should not be misconstrued as showing complete independence between wider Chinese capital markets and Macau. Longer term, the lower Chinese shares go (and they have a long way down to go) the worse off Macau casinos will be. It is likely that much of the liquidity gamblers use in Macau is from stock market wealth, especially for the remaining VIPs who still manage to get money through, and this liquidity source is evaporating.
A bird’s eye view shows that Macau has two opposing forces influencing it that could pull it in either direction, theoretically. The ongoing “corruption crackdown” is the immediate catalyst of the fall since March 2014. If there is any sign that capital flow regulations are being liberalized by Beijing, then all Macau stocks will move much higher very quickly. But despite vague rumors of Beijing easing up on Macau since October, there is really nothing doing in that department.
2C2P Signs Strategic Partnership With SafeCharge
Southeast Asian merchants can tap into the 2015 US$538 billion North American and the US$447 billion B2C e-commerce market (eMarketer)
SINGAPORE and LONDON, January 5, 2016 – Southeast Asia’s leading payments company 2C2P has teamed up with SafeCharge International Group Ltd (LON:SCH), a leader in advanced payment technologies. Through this strategic partnership, Southeast Asian brands and retailers will be able to break into the combined US$985 billion a year European and North American B2C e-commerce markets.
The two companies have integrated each others’ payment services into their offerings to retailers and merchants. SafeCharge’s merchant customers in Europe and North America will be able to offer Southeast Asian payments to their customers. Through SafeCharge, 2C2P’s merchant partners can connect with consumers in Europe and North America.
2C2P Group CEO and Founder, Mr Aung Kyaw Moe, said, “We are committed to expand our payment services, capitalizing on global e-commerce flows. In SafeCharge, we have a formidable partner with proven global innovation and insights. We are empowering Southeast Asian retailers and merchants to connect to the world, providing more avenues for their customers to transact.”
2C2P Signs Strategic Partnership With SafeCharge
Southeast Asian merchants can tap into the 2015 US$538 billion North American and the US$447 billion B2C e-commerce market (eMarketer)
SINGAPORE and LONDON, January 5, 2016 – Southeast Asia’s leading payments company 2C2P has teamed up with SafeCharge International Group Ltd (LON:SCH), a leader in advanced payment technologies. Through this strategic partnership, Southeast Asian brands and retailers will be able to break into the combined US$985 billion a year European and North American B2C e-commerce markets.
The two companies have integrated each others’ payment services into their offerings to retailers and merchants. SafeCharge’s merchant customers in Europe and North America will be able to offer Southeast Asian payments to their customers. Through SafeCharge, 2C2P’s merchant partners can connect with consumers in Europe and North America.
2C2P Group CEO and Founder, Mr Aung Kyaw Moe, said, “We are committed to expand our payment services, capitalizing on global e-commerce flows. In SafeCharge, we have a formidable partner with proven global innovation and insights. We are empowering Southeast Asian retailers and merchants to connect to the world, providing more avenues for their customers to transact.”
Luck strikes twice at Lapeer gas station with second lottery winner
A lucky Lapeer County player visited Lottery headquarters to claim a $200,000 Club Keno prize! pic.twitter.com/jgFPMtuJwd A Lapeer County man recently cashed in a $200,000 Club Keno winner filled out at the Odish Family Market and Sunoco gas station, 1489 N. Main St., in Lapeer, according to the Michigan Lottery. Winning numbers for the Club Keno ticket purchased on Dec. 15 were 2, 3, 7, 15, 40, 43, 51 and 69. “I hope we hit it again,” laughed Peter Odish, owner of the market and gas station across the street from McLaren Regional Medical Center in Lapeer.
Luck strikes twice at Lapeer gas station with second lottery winner
A lucky Lapeer County player visited Lottery headquarters to claim a $200,000 Club Keno prize! pic.twitter.com/jgFPMtuJwd A Lapeer County man recently cashed in a $200,000 Club Keno winner filled out at the Odish Family Market and Sunoco gas station, 1489 N. Main St., in Lapeer, according to the Michigan Lottery. Winning numbers for the Club Keno ticket purchased on Dec. 15 were 2, 3, 7, 15, 40, 43, 51 and 69. “I hope we hit it again,” laughed Peter Odish, owner of the market and gas station across the street from McLaren Regional Medical Center in Lapeer.
AG backs Connecticut tribes’ commercial casino
MGM Resorts’ lawsuit to block a third Connecticut casino should be dismissed, says Connecticut AG George Jepsen.
Connecticut Gov. Dannel Malloy approved legislation in June allowing the Mashantucket Pequots and the Mohegans to issue a request for proposals from municipalities expressing their interest to host the state’s third casino. The tribes plans to build a jointly run $300m casino along Interstate 91, to compete with MGM Resorts’ $800m casino just across the border in Springfield, Massachusetts.
MGM got mad and since then vowed to block the tribe’s proposed commercial casino, which it described as “box of slots.”
To keep its promise, MGM filed a lawsuit in August against Malloy, saying that the bill he signed is “unconstitutional” because it gives the two tribes “preferential treatment” while barring out-of-state competitors from developing a casino in Connecticut.
AG backs Connecticut tribes’ commercial casino
MGM Resorts’ lawsuit to block a third Connecticut casino should be dismissed, says Connecticut AG George Jepsen.
Connecticut Gov. Dannel Malloy approved legislation in June allowing the Mashantucket Pequots and the Mohegans to issue a request for proposals from municipalities expressing their interest to host the state’s third casino. The tribes plans to build a jointly run $300m casino along Interstate 91, to compete with MGM Resorts’ $800m casino just across the border in Springfield, Massachusetts.
MGM got mad and since then vowed to block the tribe’s proposed commercial casino, which it described as “box of slots.”
To keep its promise, MGM filed a lawsuit in August against Malloy, saying that the bill he signed is “unconstitutional” because it gives the two tribes “preferential treatment” while barring out-of-state competitors from developing a casino in Connecticut.