
Update March 2, 2016: Since we first published this story, back-of-the-field GOP runner Ben Carson has announced that he views ‘no path forward’ in their campaign. 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 stumbled on their senses got a big splash of chilled water on Super Tuesday. Sweeping most of a substantial lead to his races, the Donald proved he could be here to stay within the 2016 presidential process.
Donald Trump and Hillary Clinton were Super Tuesday’s big winners, and a head-to-head basic election between the two now seems more likely than in the past. (Image: AP/Zuma)
Long thought to function as the firewall to the billionaire’s campaign, Super turned instead into an accelerant for Trump’s race to the White House tuesday.
By end of day, the former casino magnate and reality show celebrity had won seven associated with 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 home that is valuable state also as Oklahoma and Alaska, while Florida Senator Marco Rubio scored their first triumph in Minnesota.
‘This happens to be an amazing evening … it’s really been great,’ Trump said during a victory press conference. ‘It had been a extremely tough night for Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was allowed to be Cruz’s night, as the religiously conservative senator was hoping to pounce in the southeastern United States’ greatly evangelist Christian base. Rather, voters largely went for the twice-divorced Manhattanite in Trump.
That takes the 2016 presidential competition one giant step closer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump in the election that is general.
Tuesday was no shock on the Democratic side either, as the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in all to Sanders’ four.
In her victory speech at the conclusion associated with the Clinton didn’t waste time in attacking Sanders day. Instead, she went after her likely GOP challenger.
Taking a jab at Trump’s ‘Make America Great once more!’ motto, Clinton said, ‘We understand offering work to complete, but that work, that work is not to make America again that is great. America never ever stopped being great.’
Clinton won Georgia, Virginia, Alabama, Massachusetts, Tennessee, Texas, and Arkansas. Sanders won their home state of Vermont, plus Colorado, Oklahoma, and Minnesota.
Super Schmoozeday
There were no Spotlight surprise moments on Tuesday, with several events 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 Texas that is winning and sweeping Minnesota for his debut victory only put Trump closer to securing the GOP nomination.
The 2 challengers that are main Trump doubled down late Tuesday, reiterating they aren’t dropping out to support each other. And Ohio Governor John Kasich and former neurosurgeon Ben Carson, running fourth and fifth respectively, said they too aren’t suspending their promotions.
Rubio and Cruz, perhaps oddly, talked yesterday as if they were the big winners.
‘So long as the field remains divided, Donald Trump’s path to your nomination stays much more likely,’ Cruz claimed. ‘For the candidates who possess not yet won a state … we request you to prayerfully think about our coming together.’
Rubio said of their runner-up finish in Virginia, ‘We basically fought Donald Trump to a draw despite having to generally share the ballot with a true amount of individuals who probably took votes away,’ the senator said, referring to also-rans Kasich and Carson.
Paddy Power Slapped by Regulator over Bad Anti-Money Laundering Measures
Paddy energy, which started its brand new existence as one half of Paddy Power Betfair with a strong scolding from the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is accustomed featuring its wrists slapped by Britain’s Advertising guidelines Authority by now. The company that is controversial revels in the notoriety its risqué advertising brings, and it knows that some condemnation comes with that reality.
But a report published the other day by the British Gambling Commission (UKGC) details transgressions that are far more harmful to the business’s reputation than the sporadic off-color TV spot about blind soccer players kicking a cat into a tree.
The regulator criticized Paddy energy 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 who 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 unsuccessful to take ‘reasonable steps’ to determine the source of a few of its customers that are online gambling funds, citing an example of a customer whom had been later convicted of fraud.
Bank worker Mark Cooney had been sentenced to 28 months in prison in September, after pleading guilty to stealing very nearly £250,000 ($348,000) from the records of elderly or deceased clients in order to fund his gambling addiction.
Paddy energy ‘made no direct inquires’ about where his cash arrived from, the regulator said.
The wagering company said it had flagged Cooney as ‘medium risk’ and suggested that further information be obtained, but no action had been taken. The operator acknowledged that it neglected to follow its own due diligence procedures with regard to checks on customers.
In a 3rd case, betting store senior staff were found to have encouraged a problem gambler to keep betting until he had lost five jobs and became homeless.
When the man, understood only as Customer A, finally began to make fewer visits to the shop, an employee that is senior junior staff that ‘steps should be used to increase Customer A’s visits and time spent in the gambling premises.’
£300,000 in Fines
‘This was grossly at chances utilizing the certification goal of preventing susceptible individuals from 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 your Commission to cover the investigation.
It is also required 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 representative for the enlarged Paddy Power Betfair.
‘Paddy Power has since somewhat strengthened its internal procedures and staff happen retrained to make sure these procedures are implemented effectively. Paddy energy Betfair takes its responsibilities extremely seriously so we have cooperated fully using the Gambling Commission at every phase with this procedure,’ 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 simply take back his 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 casinopokies777.com organization reveals that the company that is montreal-based maybe not be producing ‘earnings guidance’ with respect to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations aided by the firm.
While Baazov and their partners that are unannouncedn’t officially made a proposal to simply take the business right back private, Amaya stated its Special Committee assigned to handle the arbitration, along with its Board of Directors’ Audit Committee, came to the conclusion that publishing fiscal projections would not be in its very own best interests.
‘The Board established the Special Committee after Mr. Baazov notified the Board on 31, 2016 of his intention to make a proposal to acquire Amaya for C$21 ($15.65) per common share in cash,’ Amaya said in a press release this week january. ‘The Special Committee has appointed Barclays Capital Canada Inc. to act as financial consultant to your Special Committee . . . to aid in considering any proposal which will be forthcoming, aswell as other alternatives that may become available to Amaya.’
Amaya also announced it has implemented limitations how its CEO handles information that is confidential the talks. Particularly, Baazov is prohibited from sharing such intelligence with any outside potential partner.
Share Value Impacted
The headlines that Amaya will not be posting quarterly income estimates moving forward might seem insignificant, however the truth is, the development poses serious risks to its general share value.
Traded on both the Toronto Stock Exchange in Canada and NASDAQ in america, guidance reports for a company’s future earnings ‘can have an influence that is major analyst stock ratings and investor choices buying, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly fell on Wednesday on the headlines of guidance being omitted for the time being. Stocks dropped by 2.49 percent on NASDAQ to a closing price of $14.47.
No Parental Guidance
The company foregoing forecast earnings isn’t all bad news, however. In fact, in hindsight, it would have been good if Amaya hadn’t released that given information in 2015.
Final August, during its second quarter results, Amaya reaffirmed its year-long 2015 income projections, a choice that will get back to haunt the gaming business in November.
Blaming sets from the strengthening dollar compared to the Euro to the serious financial slowdown in Greece, Baazov fessed up that his company ended up being going to fall 13 percent short of those approximations.
Amaya stocks plunged 32 percent regarding the news shortly 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 video gaming solutions before attracting investors for the $4.9 billion takeover of Rational Group and its subsidiary PokerStars, owns 18.6 percent of Amaya’s outstanding shares today.
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 not so ironically, that’s slightly below the $2.9 billion Deutsche Bank, Barclays, and Macquarie Capital provided in credit financing to Amaya for the Rational buyout.