USOC Apologizes to Brazil for Ryan Lochte Scandal, Then Lochte Apologizes for Himself

USOC Ap<span id="more-11340"></span>ologizes to Brazil for Ryan Lochte Scandal, Then Lochte Apologizes for Himself

Today the United States Olympic Committee (USOC) tried to give some clarity to the Ryan Lochte alleged crime saga in Brazil. And also the gold medalist himself finally issued an acknowledgment of regret this albeit with more caveats than Jim Comey at an FBI hearing morning.

Jamaican superstar Usain Bolt did something no other Olympian has done in history yesterday evening, but all anyone is talking about is the ongoing Ryan Lochte saga. The second incident has converted into an epic embarrassment for the USA and United States Olympic Committee.

‘ We apologize to our hosts in Rio and the social folks of Brazil for this distracting ordeal in the midst of what should rightly be a celebration of excellence,’ the USOC said in a statement. ‘The behavior of those athletes isn’t appropriate, nor does it represent the values of Team USA or the conduct of this majority that is vast of members.’

Lochte also issued an apology, with clauses, this morning.

‘ I would like to apologize for my behavior weekend that is last for perhaps not being more careful and candid in how I described the events of that morning hours,’ Lochte stated. ‘It’s traumatic to be out late together with your friends in an international nation, by having a language barrier, and have a stranger point a weapon at you and demand money to allow you leave, but regardless of behavior of anyone else that evening, I should have now been even more responsible.’

After having a night of partying, consuming, and admittedly being with ‘women,’ Lochte allegedly aggrandized, at the least, a tale to be robbed at gunpoint with three other Team USA Olympic swimmers.

Lochte said that both himself and teammates Jack Conger, Gunnar Bentz, and Jimmy Feigen had been the victims of a crime. Gas station surveillance video, apparently with some segments that are missing copied at least portions of the swimmers’ stories, but left many concerns too.

But Brazil police produced evidence that Lochte’s account had been riddled with half-truths and non-truths.

A mirror from video surveillance, it appeared the four swimmers stopped at a gas station between 5 and 6 am, where one vandalized a bathroom, most likely breaking. Station security guards stopped the swimmers after that, and brandished weapons at the men that are intoxicated they didn’t comply and tried to take off.

The equivalent of about $53 for the damages, the four eventually departed after giving the guards.

Home Sweet Home

After being pulled down an airplane earlier in the Conger and Bentz are now back in the US week. The two, whom never previously said they certainly were robbed, supplied testimony to police that backed the evidence that is video.

Lochte had previously traveled back once again to the continuing States soon after the event.

Feigen, on the other hand, reportedly did first lie about the robbery. He’s on their way home today, but just after paying Rio de Janeiro a $10,800 fine.

In Brazil, it is common to avoid criminal prosecution for minor offenses by providing a sum of cash. ‘We will further review the matter, and any potential consequences for the athletes, when we go back to the united states of america,’ the USOC explained.

The case up against the three seems to have reached a conclusion, but costs could nevertheless be brought against Lochte. Falsifying reports or providing statements that are misleading prison sentences of up to six months in Brazil. That being said, it is pretty universally agreed that nothing would make authorities extradited the Olympic champion back to the scene regarding the ‘crime’ for prosecution.

Meanwhile, Straight Back at the Olympics…

Back Rio, it was another history-making night for Jamaican legend Usain Bolt.

For the third consecutive Summer Games, the 29-year-old is the silver medal winner in both the 100m and 200m. Tonight he goes for the elusive ‘triple-triple,’ as he’ll run the relay that is 4x100m hopes of also winning that competition for the 3rd straight time at the Olympics.

Needless to say, bettors in Nevada who put money on Bolt didn’t net much. Bovada listed Bolt at -225 into the 100m and a-500 that is whopping the 200m.

Tonight, the Jamaican group is the favorite to win with a line of -400. USA is next at +300.

The ladies’s 4x100m relay will be possibly even more exciting, while they too go up against the powerhouse that is jamaican. Jamaica is at -250 to the US at +175. The at the 2012 Olympics.

What the Future May Hold

One of the biggest criticisms of the Lochte incident has been just how much it’s distracted from the significant achievements of other athletes. As Lochte himself said at the conclusion of his lengthy Twitter apology:

‘. . . I hope we spend our time celebrating the great stories and performances of these Games and look ahead to celebrating future successes.’

For Lochte himself, his recommendation status is currently in limbo, as brands no doubt gauge the fallout. But with major names like Speedo, Ralph Lauren for Polo, and Mutual of Omaha standing behind him as pre-Olympics sponsors, this night that is drunken could eventually amount to the biggest ‘whoops’ of his career.

Alabama Lottery and Electronic Terminals Bill Fails in State Senate

Alabama could be the most state that is religious the country, and that’s why Governor Bentley’s wishes to create a lottery appear to have comparable odds to winning the lottery. (Image:

Certainly one of just six states without having a lottery, Gov. Bentley thinks now is the right time for the Cotton State to begin with reaping the rewards of providing the games of chance. Bentley opines he’s done everything in their power to cut spending and reduce federal government, but says the state has a revenue problem.

‘It’s time we stop supporting other states’ spending plans, and keep our cash in the home,’ Bentley said in a video release earlier this month. Bentley is at the center of a very publicized scandal for allegedly having an affair with an aide that is top.

The governor called the legislature together in hopes of moving a measure to spot a lottery referendum in the ballot this November.

Authored by State Senator Jim McClendon (R-District 11), Senate Bill 11 failed to even achieve a vote after the legislation was debated at size.

In addition to authorizing a state-run lottery with the chance of entering compacts for multi-state lotteries like Powerball, McClendon’s bill also would have permitted electronic lottery terminals comparable to slots to be put at dog tracks along with other locations.

‘Procedurally they (the Senate) killed the bill,’ McClendon told The Senate voted 20-11 against a ‘cloture movement,’ a procedure that is legislative would have called for a vote on SB11.

If at First You Never Succeed…

McClendon believes the Alabama lottery nevertheless has a chance and that electronic gaming is keeping potential backers away. McClendon is also the supporter that is primary of, a proposal Bentley is endorsing.

SB3 is a much simpler bill that is just five pages in size. It calls for the same lottery conditions as SB11, but omits electronic lottery terminals.

Revenues through the lottery would support the state’s General Fund. Bentley says Alabama currently cannot pay for the most services that are basic government must provide.

McClendon and State Senate President Pro Tempore Del Marsh (R-District 12) want give voters the choice to decide on a lottery. Any passed lottery legislation would want the majority support of Alabama’s voters, as it would amend the state constitution.

‘ I don’t think it is the state’s responsibility to oversee individuals actions,’ Marsh said this week on Alabama Public Radio. ‘People are going to spend their money doing just what they want to do, and if people enjoy gaming that’s their business.’

Steep Challenge

Situated within the heart for the Bible Belt, legalizing the lottery in Alabama faces a battle that is uphill.

Nearly 90 percent of Alabamians identify as Christian. And Pew analysis Center says 77 % of adults are ‘highly spiritual,’ the highest percentage into the entire united states of america.

Even if McClendon finds the support among their colleagues, the same is probably not true from the general public. That’s possibly why McClendon is considering amending the legislation to place up the public vote maybe not in November but during a particular election in December.

State Sen. Linda Coleman-Madison (D-District 20) opposes such maneuvers that are calculated. ‘this is a disservice and a disgrace and I am ashamed of this physical body,’ Coleman-Madison declared.

The legislature is back in session today, and the lottery is yet again set to be scratched.

888-Rank Ditches Pursuit of William Hill

888 Chairman, Brian Mattingley and CEO Itai Freiberger. Freiberger said he was ‘disappointed’ that William Hill failed to share the consortium’s vision. (Image:

888 and Rank’s bold bid to acquire William Hill has collapsed following the bookmaking giant’s refusal to open negotiations.

The consortium, created by 888 and Rank an ago to propose the £3.4 month billion bid, threw within the towel today, after William Hill made it clear it had not been for the taking.

The consortium made two non-binding bids a week ago, both of which were rejected by the bookmaker as being too low and ‘opportunistic.’ It came simply months after William Hill’s CEO, James Henderson, had been ousted by the board following the disappointing results of its digital arm, making the company in a vulnerable position.

Itai Frieberger, 888 CEO, stated he was ‘disappointed’ that the board of William Hill did not ‘share our vision’ of the combined businesses.

‘We believe that there was compelling industrial logic for the combination of these very complementary businesses, which in our view would have brought scale, diversification, and strong revenue and cost synergies, from where all investors could have benefitted,’ he said.

Caesars Settles Creditor Lawsuit

Caesars is one step closer to reorganization that is achieving its distressed operating product CEOC, as mediation continues with its creditors. (Image: Caesars Entertainment Corp)

Caesars has convinced certainly one of its junior creditors to drop litigation and agree to its bankruptcy reorganization plan, an indicator that this may be the beginning of the end of the group’s protracted chapter 11 proceedings.

Caesars is attempting to put its operating that is main unit Caesars Entertainment working Co., through bankruptcy so that they can restructure some $18 billion of its financial obligation. Nonetheless it has been locked in disagreement with its holders that are second-lien the previous 18 months, many of whom are suing to put on the casino giant to guarantees of CEOC’s debts.

They’ve additionally accused Caesars of fraudulently stripping the system of its many valuable assets for the power of Caesars’ managing creditors, Apollo Global Management and TPG, making it with nothing but troubled assets and unpayable debts.

Transfer of Assets

A recent examiner that is court-appointed report, led by ex-Watergate prosecutor Richard Davis, agreed with that assessment. Sometime in 2012, he said, Apollo and TPG began a strategy of weakening CEOC, while strengthening Caesars Entertainment Corp. (CEC) as well as other subsidiaries when preparing for CEOC’s bankruptcy.

One group of junior creditors, led by Appaloosa Management and Oaktree Capital Group, say they have claims worth $12.6 billion, a sum which includes the potential to send CEC into bankruptcy along having its subsidiary, CEOC.

In recent months Caesars has tried to appease CEOC’s creditors with a more equitable reorganization plan; one that would involve the reunification of its prized assets through the merger of CEC and another subsidiary, Caesars Acquisition Company. The merger will create extra cash, new debt, and more equity for the second lien noteholders.

Immense Progress

One particular noteholder, Frederick Barton Danner, consented to drop his lawsuit in A new York federal court this week and come up to speed with the plan that is new. Under the regards to the settlement, CEOC will pay Barton Danner’s appropriate fees and gives cash that is extra junior creditors who are maybe not currently suing Caesars elsewhere. In return, Barton Danner will support CEOC’s revised reorganization plan.

‘We’re optimistic that the settlement will be consummated in conjunction with the successful reorganization of [CEOC],’ said Barton Danner’s lawyer, Gordon Novod, who added the settlement marks a ‘new and significant progress in the pursuit of remedies.’

Having initially tried to get away with murder, Caesars is currently engaged in a process of mediation with its other creditors that are second-tier an effort to find a solution.

‘in my opinion the parties are making progress towards a consensual resolution associated with the debtors’ cases together with associated litigation contrary to the [Caesars] parties,’ wrote mediator Joseph Farnan Jr, this week, although he also noted that more time is needed.