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 his campaign. Although he’s got not officially ended their run as yet, it’s expected which he may do when he talks on Friday at a Washington, D.C. conference.
Anyone who’s considered Donald Trump as some fringe candidate that would sooner or later fizzle out of the Republican race when voters stumbled on their senses got a huge splash of cold water on Super Tuesday. Sweeping most of a substantial lead to his races, the Donald proved he is here to stay into the 2016 presidential procedure.
Donald Trump and Hillary Clinton had been Super Tuesday’s big winners, and a head-to-head general election between the 2 now seems more likely than ever. (Image: AP/Zuma)
Long thought to be the firewall to the billionaire’s campaign, Super Tuesday turned instead into an accelerant for Trump’s competition to the White House.
The former casino magnate and reality show star had won seven of the 11 states up for grabs, including the politically conservative Georgia, the potential swing state Virginia, and the Bible Belt’s Arkansas and Alabama by end of day. Trump also took Massachusetts, Vermont, and Tennessee.
Texas Senator Ted Cruz managed to rally his valuable home state, also as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his first success in Minnesota.
‘This happens to be an amazing evening … it is really been great,’ Trump said within a victory press conference. ‘It had been a really night that is tough Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was said 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 into the election that is general.
Tuesday ended up being no shock on the side that is democratic, as the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in every to Sanders’ four.
In her triumph speech by the end associated with 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!’ slogan, Clinton said, ‘We understand we’ve got work to complete, but that work, that work is not to create 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.
There were 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 house states, as expected, and the favorites Trump and Clinton took the all-important Virginia.
Cruz Texas that is winning and sweeping Minnesota for their first victory only put Trump closer to securing the GOP nomination.
The 2 primary challengers to Trump doubled down late Tuesday, reiterating that they aren’t dropping out to support each other. And Ohio Governor John Kasich and former neurosurgeon Ben Carson, operating fourth and fifth respectively, stated they too aren’t suspending their campaigns.
Rubio and Cruz, perhaps oddly, talked night that is last if these were the big winners.
‘So long as the field remains divided, Donald Trump’s path towards the nomination stays more likely,’ Cruz claimed. ‘For the candidates who have perhaps not yet won a state … I ask 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 talk about the ballot having a true number of those 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 Power, which started its new existence as one half of Paddy Power Betfair with a scolding that is strong the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is used to having its wrists slapped by Britain’s Advertising Standards Authority right now. The controversial company actually revels in the notoriety its risqué advertising brings, and it knows that some condemnation comes with that reality.
But a report published a week ago by the British Gambling Commission (UKGC) details transgressions that are far more damaging to the business’s reputation than the casual off-color television 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 betting shops whom had been 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 establish the way to obtain a number of its online customers’ gambling funds, citing an example of a customer who had been later convicted of fraud.
Bank worker Mark Cooney ended up being sentenced to 28 months in prison in September, after pleading responsible to stealing very nearly £250,000 ($348,000) from the reports of elderly or dead 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 ended up being taken. The operator acknowledged so it neglected to follow a unique research procedures with regard to checks on clients.
In a 3rd case, betting store senior staff were found to possess encouraged 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 worker 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 using the certification objective of preventing people that are vulnerable being exploited by gambling,’ stated the Gambling Commission.
Paddy Power, which month that is last its €10 billion merger with Betfair, is likely to 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 review that is third-party to bolster its customer checks.
‘The historical failings outlined in this report were clearly unacceptable,’ said a spokesperson for the enlarged Paddy Power Betfair.
‘Paddy Power has since considerably strengthened its procedures that are internal staff were retrained to make certain these procedures are implemented effectively. Paddy Power Betfair takes its obligations extremely seriously and now we have cooperated fully with the Gambling Commission at every stage with this process,’ the 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 their company that is own the gaming corporation will not be forecasting earnings in 2016. (Image: QMI Agency tvanouvelles.ca that is/
Canadian gaming operator Amaya Inc. has released a cautionary statement to investors this week. In it, the organization reveals that the Montreal-based company will maybe not be creating ‘earnings guidance’ with respect to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations with all the firm.
While Baazov and their unannounced partners haven’t officially produced proposal to just take the company straight back private, Amaya said its Special Committee assigned to handle the arbitration, along side its Board of Directors’ Audit Committee, found the final outcome 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 January 31, 2016 of his intention to create a proposition 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 the Special Committee . . . to aid in considering any proposal that will be forthcoming, too as other options that may become available to Amaya.’
Amaya also announced that 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 prospective partner.
Share Value Impacted
The news headlines that Amaya won’t be publishing quarterly revenue estimates going forward may appear insignificant, nevertheless the truth is, the development poses severe dangers to its general share value.
Traded on 888 casino casinobonusca both the Toronto Stock Exchange in Canada and NASDAQ in the United States, guidance reports on a company’s future earnings ‘can have a major influence over analyst stock ratings and investor decisions to buy, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly fell on Wednesday on the news headlines of guidance being omitted for now. Shares dropped by 2.49 percent on NASDAQ to a closing price of $14.47.
No Parental Guidance
The business forecast that is foregoing isn’t all bad news, though. In fact, in hindsight, it could have been good if Amaya hadn’t released that information in 2015.
Last August, during its second quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a choice that will get back to haunt the gaming company in November.
Blaming everything from the dollar that is strengthening to the Euro to the severe economic 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 in the news soon thereafter. In just six-and-a-half hours of trading, Amaya went from a valuation of $23.56 to $15.99.
Baazov, who founded Amaya in 2004 and primarily dedicated to 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.
His expected offer of $15.65 per share to take the business off the exchanges that are public private again values the organization at around $2.8 billion. Perhaps 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.