
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 ultimately fizzle out of the Republican race when voters came to their senses got a huge splash of chilled water on Super Tuesday. Sweeping most of a substantial lead to his races, the Donald proved he is here to stay within the 2016 presidential procedure.
Donald Trump and Hillary Clinton were Super Tuesday’s big champions, and a head-to-head general election between the two now seems more likely than ever. (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 previous casino magnate and reality show celebrity had won seven associated with 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, too as Oklahoma and Alaska, while Florida Senator Marco Rubio scored their very first triumph in Minnesota.
‘This has been an amazing night … it’s really been great,’ Trump said within 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 said to be Cruz’s night, as the religiously conservative senator was hoping to pounce regarding the southeastern United States’ heavily evangelist Christian base. Alternatively, voters largely went for the Manhattanite that is twice-divorced in.
That takes the 2016 presidential competition one giant step nearer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump in the general election.
Tuesday ended up being no surprise on the side that is democratic, since the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in most to Sanders’ four.
In her triumph speech at the conclusion associated with time, Clinton didn’t spend time in attacking Sanders. Instead, she went after her likely GOP challenger.
Taking a jab at Trump’s ‘Make America Great Again!’ motto, Clinton said, ‘We know we’ve got work to complete, but that work, that work is not to help make America great again. America never ever 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 surprise that is spotlight on Tuesday, with several races being called the minute polls closed by television news outlets rushing to declare the victor first. Cruz and Sanders both took their property states, needlessly to say, 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 two 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 previous neurosurgeon Ben Carson, running 4th and fifth respectively, said they too aren’t suspending their promotions.
Rubio and Cruz, perhaps oddly, talked yesterday evening as if these were the big winners.
‘So long as the field remains divided, Donald Trump’s path to your nomination remains more likely,’ Cruz claimed. ‘For the candidates who possess 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 generally share the ballot with a range 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 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 accustomed having its wrists slapped by Britain’s Advertising guidelines Authority by now. The company that is controversial revels in the notoriety its risqué advertising brings, also it understands that some condemnation comes with that truth.
But a report published week that is last the UK Gambling Commission (UKGC) details transgressions that are far more damaging to the company’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 during the company’s land-based wagering 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 unsuccessful to take ‘reasonable steps’ to determine the supply of a number of its customers that are online gambling funds, citing one example of a customer whom was later convicted of fraud.
Bank worker Mark Cooney had been sentenced to 28 months in prison in September, after pleading bad to stealing very nearly £250,000 ($348,000) from the reports of elderly or deceased clients in purchase to fund their gambling addiction.
Paddy energy ‘made no inquires that are direct 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 so it failed to follow its very own homework procedures with respect to checks on clients.
In a third case, betting shop senior staff were found to have motivated 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 taken to increase Customer A’s visits and time spent in the gambling premises.’
£300,000 in Fines
‘This was grossly at chances because of the licensing objective of preventing people that are vulnerable casinopokies777.com 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 the Commission to cover the research.
It is also required to submit its anti-money-laundering procedures to a review that is third-party to strengthen its customer checks.
‘The historical failings outlined in this report were clearly unacceptable,’ said a spokesperson for the Paddy Power that is enlarged Betfair.
‘Paddy Power has since notably strengthened its procedures that are internal staff happen retrained to make sure these procedures are implemented effectively. Paddy Power Betfair takes its obligations extremely seriously and we have cooperated fully with the Gambling Commission at every stage with this process,’ the company representative added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
Amaya CEO David Baazov is trying to just take back their very own company, and 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 business reveals that the company that is montreal-based not be producing ‘earnings guidance’ with respect to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations because of the firm.
While Baazov and his partners that are unannouncedn’t officially produced proposal to take the company back private, Amaya said its Special Committee assigned to handle the arbitration, along with its Board of Directors’ Audit Committee, stumbled on in conclusion that publishing fiscal projections wouldn’t be in its 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 work as financial consultant towards the Special Committee . . . to help in considering any proposal that could be forthcoming, too as other alternatives that may be available to Amaya.’
Amaya also announced that it has implemented limitations how its CEO handles information that is confidential the conversations. Specifically, Baazov is prohibited from sharing such intelligence with any outside potential partner.
Share Value Impacted
The news that Amaya will not be posting quarterly income estimates moving 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 on 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 of guidance being omitted for the moment. Stocks dropped by 2.49 percent on NASDAQ to a closing cost of $14.47.
No Parental Guidance
The company forecast that is foregoing isn’t all bad news, however. In fact, in hindsight, it might have actually been good if Amaya hadn’t released that given information in 2015.
Last August, during its 2nd quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a decision that could return to haunt the gaming company in November.
Blaming everything from the strengthening dollar compared to the Euro to the severe financial slowdown in Greece, Baazov fessed up that his company had been planning to fall 13 percent short of those approximations.
Amaya shares plunged 32 percent on the news briefly 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, 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 personal once more 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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