
Update March 2, 2016: that he sees ‘no path forward’ in his campaign since we first published this story, back-of-the-field GOP runner Ben Carson has announced. That he may do so when he speaks on Friday at a Washington, D.C. conference although he has not officially ended his run as yet, it’s expected.
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Anyone who’s considered Donald Trump as some fringe candidate that would eventually fizzle out of the Republican race when voters came to their senses got a big splash of cold water on Super Tuesday. Sweeping most of his races with a substantial lead, the Donald proved he’s here to stay in the 2016 presidential process.
Donald Trump and Hillary Clinton had been Super Tuesday’s big champions, and a head-to-head election that is general the two now seems more likely than ever before. (Image: AP/Zuma)
Long thought to function as firewall to the billionaire’s campaign, Super turned instead into an accelerant for Trump’s race to the White House tuesday.
By end of time, the former casino magnate and reality show celebrity had won seven for the 11 states up for grabs, including the politically conservative Georgia, the potential swing state Virginia, and the Bible Belt’s Arkansas and Alabama. Trump also took Massachusetts, Vermont, and Tennessee.
Texas Senator Ted Cruz managed to rally his valuable house state, aswell as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his very first success in Minnesota.
‘This is an amazing evening … it is really been great,’ Trump said during a press conference that is victory. ‘It was a very night that is tough Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was supposed to be Cruz’s night, as the religiously conservative senator was hoping to pounce on the southeastern United States’ greatly evangelist Christian base. Alternatively, voters largely went for the Manhattanite that is twice-divorced in.
That takes the 2016 presidential battle one giant step nearer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump in the basic election.
Tuesday had been no shock on the side that is democratic, because the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in all to Sanders’ four.
In her success speech at the end regarding the Clinton didn’t waste time in attacking Sanders day. Instead, she went after her GOP that is likely challenger.
Using a jab at Trump’s ‘Make America Great once more!’ motto, Clinton said, ‘We understand offering work to complete, but that work, that work just isn’t to create America great again. America never stopped being great.’
Clinton won Georgia, Virginia, Alabama, Massachusetts, Tennessee, Texas, and Arkansas. Sanders won his home state of Vermont, plus Colorado, Oklahoma, and Minnesota.
Super Schmoozeday
There have been no Spotlight surprise moments on Tuesday, with several races being called the minute polls closed by tv news outlets rushing to declare the victor first. Cruz and Sanders both took their home states, not surprisingly, and the favorites Trump and Clinton took the all-important Virginia.
Cruz winning Texas and Rubio sweeping Minnesota for his debut victory only put Trump closer to securing the GOP nomination.
The 2 main challengers to Trump doubled down late Tuesday, reiterating that they’ren’t dropping out to aid each other. And Ohio Governor John Kasich and neurosurgeon that is former Carson, running fourth and fifth respectively, said they too aren’t suspending their campaigns.
Rubio and Cruz, perhaps oddly, talked night that is last if these people were the big champions.
‘So long as the field remains divided, Donald Trump’s path to the nomination remains much more likely,’ Cruz claimed. ‘For the candidates who possess maybe not yet won a state … we request you to prayerfully give consideration to our coming together.’
Rubio said of their runner-up finish in Virginia, ‘We basically fought Donald Trump to a draw despite having to fairly share the ballot with a range people who probably took votes away,’ the senator said, referring to also-rans Kasich and Carson.
Paddy Power Slapped by Regulator over Poor Anti-Money Laundering Measures
Paddy energy, which began its brand new presence as one half of Paddy Power Betfair with a strong scolding from the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is used to featuring its wrists slapped by Britain’s Advertising Standards Authority right now. The controversial business actually revels in the notoriety its risqué advertising brings, also it knows that some condemnation comes with that truth.
But a report published last week by the British Gambling Commission (UKGC) details transgressions that are far more harmful to the business’s reputation than the casual off-color TV spot about blind soccer players kicking a cat into a tree.
The regulator criticized Paddy Power for ‘serious failings’ in its anti-fraud and money laundering procedures in the report, highlighting two customers at the company’s land-based gambling shops whom were discovered to have laundered money through the bookmaker’s fixed-odds betting terminals (FOBTs).
Customer Fraud Conviction
The report additionally found that the operator had failed to take ‘reasonable steps’ to establish the source of some of its online customers’ gambling funds, citing one example of a customer whom ended up being later convicted of fraud.
Bank worker Mark Cooney had been sentenced to 28 months in prison in September, after pleading accountable to stealing almost £250,000 ($348,000) from the accounts of elderly or customers that are deceased order to fund their gambling addiction.
Paddy Power ‘made no direct inquires’ about where his money came from, the regulator said.
The company that is betting it had flagged Cooney as ‘medium risk’ and recommended that further information be obtained, but no action was taken. The operator acknowledged so it didn’t follow its research procedures with respect to checks on clients.
In a case that is third betting store senior staff were found to own motivated a problem gambler to keep betting until he had lost five jobs and became homeless.
When the man, known only as Customer A, finally began to make fewer visits to the shop, a senior employee suggested junior staff that ‘steps should be taken to increase Customer A’s visits and time spent in the gambling premises.’
£300,000 in Fines
‘This was grossly at chances with the certification objective of preventing people that are vulnerable being exploited by gambling,’ said the Gambling Commission.
Paddy Power, which last thirty days finished its €10 billion merger with Betfair, could make a voluntary payment of £280,000 to a ‘socially responsible’ cause, plus £27,250 to the Commission to cover the investigation.
It is also needed to submit its anti-money-laundering procedures to a third-party review and to strengthen its customer checks.
‘The historical failings outlined in this report had been clearly unacceptable,’ said a spokesperson for the enlarged Paddy Power Betfair.
‘Paddy Power has since significantly strengthened its procedures that are internal staff were retrained to make certain these procedures are implemented effectively. Paddy Power Betfair takes its responsibilities extremely seriously so we have cooperated fully with all the Gambling Commission at every stage with this process,’ the ongoing company spokesperson added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
Amaya CEO David Baazov is attempting to just take back their company that is own the gaming corporation will not be forecasting earnings in 2016. (Image: QMI Agency/ tvanouvelles.ca)
Canadian gaming operator Amaya Inc. has released a statement that is cautionary investors this week. In it, the organization reveals that the Montreal-based company will maybe not be creating ‘earnings guidance’ with regards to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations with the firm.
While Baazov and their unannounced partners haven’t officially made a proposition to simply take the business right back private, Amaya stated its Special Committee assigned to handle the arbitration, along side its Board of Directors’ Audit Committee, found the final outcome that publishing fiscal projections wouldn’t be in its very own best interests.
‘The Board established the Special Committee after Mr. Baazov notified the Board on January 31, 2016 of his intention to produce a proposal to acquire Amaya for C$21 ($15.65) per common share in money,’ Amaya said in a press release this week. ‘The Special Committee has appointed Barclays Capital Canada Inc. to work as financial consultant to your Special Committee . . . to help in considering any proposal which will be forthcoming, also as other alternatives that may become available to Amaya.’
Amaya also announced it has implemented restrictions on how its CEO handles confidential information during the talks. Particularly, Baazov is prohibited from sharing such intelligence with any outside partner that is potential.
Share Value Impacted
The news headlines that Amaya won’t be posting quarterly revenue estimates moving forward may seem insignificant, nevertheless the truth is, the development poses severe risks to its general share value.
Traded on both the Toronto Stock Exchange in Canada and NASDAQ in america, guidance reports on a company’s future earnings ‘can have an influence that is major analyst stock ratings and investor decisions buying casinopokies777.com, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly fell on Wednesday on the news headlines of guidance being omitted for now. Stocks dropped by 2.49 percent on NASDAQ to a closing cost of $14.47.
No Parental Guidance
The business foregoing forecast earnings isn’t all bad news, however. In reality, in hindsight, it would have actually been good if Amaya hadn’t released that information in 2015.
Last August, during its 2nd quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a choice that could get back to haunt the gaming company in November.
Blaming anything from the dollar that is strengthening to the Euro to the serious financial slowdown in Greece, Baazov fessed up that his business had been likely to fall 13 percent short of those approximations.
Amaya shares plunged 32 percent in the news fleetingly thereafter. In just six-and-a-half hours of trading, Amaya went from the valuation of $23.56 to $15.99.
Baazov, who founded Amaya in 2004 and primarily centered on business-to-business gaming solutions before attracting investors for the $4.9 billion takeover of Rational Group and its subsidiary PokerStars, today owns 18.6 percent of Amaya’s outstanding shares.
Their expected offer of $15.65 per share to take the company off the exchanges that are public private yet again values the organization at around $2.8 billion. Perhaps maybe not so ironically, that’s just under the $2.9 billion Deutsche Bank, Barclays, and Macquarie Capital provided in credit financing to Amaya for the Rational buyout.
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