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Update March 2, 2016: Since we first published this story, back-of-the-field GOP runner Ben Carson has announced that he sees ‘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 ultimately fizzle out of the race that is republican voters stumbled on their senses got a large splash of chilled water on Super Tuesday. Sweeping most of his races with a substantial lead, the Donald proved he could be here to stay within the 2016 presidential procedure.
Donald Trump and Hillary Clinton were Super Tuesday’s big winners, and a head-to-head election that is general 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 Tuesday turned alternatively into an accelerant for Trump’s race to the White home.
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, aswell as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his first victory in Minnesota.
‘This has been an amazing night … it’s really been great,’ Trump said throughout 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 on the southeastern United States’ greatly evangelist base that is christian. Rather, voters largely went for the twice-divorced Manhattanite in Trump.
That takes the 2016 presidential battle one giant step closer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump within the general election.
Tuesday ended up being no shock on the side that is democratic, since the frontrunner stretched her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in every to Sanders’ four.
In her success speech at the conclusion for 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 know offering work to complete, but that work, that work is not to help make America again that is great. America never 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 have been no surprise that is spotlight 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, needlessly to say, and the favorites Trump and Clinton took the all-important Virginia.
Cruz winning Texas and Rubio sweeping Minnesota for their 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, operating fourth and fifth respectively, said they too aren’t suspending their promotions.
Rubio and Cruz, perhaps oddly, talked night that is last if they certainly were the big winners.
‘So long as the field remains divided, Donald Trump’s path to the nomination continues to be more likely,’ Cruz claimed. ‘For the candidates who have perhaps not yet won a state … i ask you to prayerfully together consider our coming.’
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 true amount of those 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 Power, which began its new existence 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 guidelines Authority at this point. The controversial company actually revels in the notoriety its risqué advertising brings, also it knows that some condemnation comes with that truth.
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 occasional off-color TV spot about blind soccer players throwing 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 were found 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 determine the source of a number of its customers that are online gambling funds, citing one example of a customer whom had been later convicted of fraud.
Bank worker Mark Cooney was 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 his gambling addiction.
Paddy energy ‘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 suggested that further information be obtained, but no action was taken. The operator acknowledged it neglected to follow its own diligence that is due with regard to checks on clients.
In a 3rd case, betting shop senior staff were found to own 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, 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 odds using the licensing goal of preventing people that are vulnerable being exploited by gambling,’ said the Gambling Commission.
Paddy Power, which last month 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 research.
It is also required to submit its anti-money-laundering procedures to a third-party review and to bolster its customer checks.
‘The historical failings outlined in this report had been clearly unacceptable,’ said a representative for the Paddy Power that is enlarged Betfair.
‘Paddy Power has since considerably strengthened its procedures that are internal staff are retrained to make sure these procedures are implemented effectively. Paddy Power Betfair takes its duties extremely seriously and we have cooperated fully because of the Gambling Commission at every stage with this process,’ the ongoing company representative added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
Amaya CEO David Baazov is wanting to take back his own company, and 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 business reveals that the company that is montreal-based perhaps not be producing ‘earnings guidance’ with respect to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations utilizing the firm.
While Baazov and their partners that are unannouncedn’t officially produced proposal to take the organization straight back private, Amaya said its Special Committee assigned to handle the arbitration, along 888 live casino login side its Board of Directors’ Audit Committee, found the final outcome that publishing fiscal projections would not be in unique 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 advisor to the Special Committee . . . to assist in considering any proposal that could be forthcoming, also as other options that may be available to Amaya.’
Amaya also announced that it has implemented restrictions on how its CEO handles information that is confidential the discussions. Specifically, Baazov is prohibited from sharing such intelligence with any outside potential partner.
Share Value Impacted
The news headlines that Amaya won’t be posting revenue that is quarterly going forward may seem insignificant, but 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 the United States, guidance reports for a company’s future earnings ‘can have a major influence over analyst stock ratings and investor choices buying, 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 cost of $14.47.
No Parental Guidance
The business foregoing forecast earnings isn’t all bad news, though. In fact, in hindsight, it might have actually been good if Amaya hadn’t released that information in 2015.
Final August, during its 2nd quarter results, Amaya reaffirmed its year-long 2015 income projections, a decision that would get back to haunt the gaming company in November.
Blaming sets from the dollar that is strengthening to the Euro to the severe economic slowdown in Greece, Baazov fessed up that his business was going to fall 13 percent short of those approximations.
Amaya stocks plunged 32 percent on the news briefly thereafter. In only 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 dedicated to business-to-business video 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.
His expected offer of $15.65 per share to take the organization off the exchanges that are public personal yet again values the organization at around $2.8 billion. Perhaps maybe not so ironically, that’s just below the $2.9 billion Deutsche Bank, Barclays, and Macquarie Capital provided in credit financing to Amaya for the Rational buyout.
