
Update March 2, 2016: that he sees ‘no path forward’ in his campaign since we first published this story, back-of-the-field GOP runner Ben Carson has announced. 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 whenever voters came to their senses got a big splash of cool water on Super Tuesday. Sweeping most of his races with a substantial lead, the Donald proved he’s here to stay in 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 ever. (Image: AP/Zuma)
Long thought to end up being the firewall to the billionaire’s campaign, Super Tuesday turned instead into an accelerant for Trump’s competition to the White House.
By end of time, the former casino magnate and reality show celebrity had won seven regarding 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 too as Oklahoma and Alaska, while Florida Senator Marco Rubio scored their very first success in Minnesota.
‘This has been an amazing night … it’s really been great,’ Trump said within a victory press conference. ‘It had been a extremely tough night for Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was supposed to be Cruz’s night, as the religiously conservative senator was hoping to pounce in the southeastern United States’ heavily evangelist base that is christian. Alternatively, 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 had been no shock on the side that is democratic, because the frontrunner stretched her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in every to Sanders’ four.
In her triumph speech at the end for the day, Clinton didn’t spend your time in attacking Sanders. Instead, she went after her GOP that is likely challenger.
Using a jab at Trump’s ‘Make America Great Again!’ slogan, Clinton said, ‘We know we’ve got work to do, but that work, that work isn’t to 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 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 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 first victory only put Trump closer to securing the GOP nomination.
The 2 challengers that are main Trump doubled down late Tuesday, reiterating that they’ren’t dropping out to guide each other. And Ohio Governor John Kasich and previous neurosurgeon Ben Carson, running 4th and fifth respectively, stated they too aren’t suspending their promotions.
Rubio and Cruz, perhaps oddly, talked yesterday as if they certainly 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 that have not yet won a state … i ask you to prayerfully together consider our coming.’
Rubio said of his runner-up finish in Virginia, ‘We basically fought Donald Trump to a draw despite having to share with you the ballot by having 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 Poor Anti-Money Laundering Measures
Paddy Power, which started 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 used to 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 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 television 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 during the business’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 also found that the operator had failed to take ‘reasonable steps’ to establish the supply of a few of its customers that are online gambling funds, citing one 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 accountable to stealing very nearly £250,000 ($348,000) from the records of elderly or customers that are deceased order to fund his gambling addiction.
Paddy Power ‘made no inquires that are direct about where his cash arrived from, the regulator said.
The gambling company stated it had flagged Cooney as ‘medium risk’ and suggested that further information be obtained, but no action was taken. The operator acknowledged that it neglected to follow its research procedures with respect to checks on clients.
In a third case, betting store 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, a senior employee encouraged 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 with the licensing goal of preventing people that are vulnerable being exploited by gambling,’ said the Gambling Commission.
Paddy Power, which month that is last 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 needed 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 representative for the enlarged Paddy Power Betfair.
‘Paddy Power has since notably strengthened its procedures that are internal staff are retrained to make certain these procedures are implemented effectively. Paddy energy Betfair takes its responsibilities extremely seriously and now we have cooperated fully utilizing the Gambling Commission at every phase with this process,’ the ongoing company representative added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
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Amaya CEO David Baazov is trying to just take back their 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 cautionary statement to investors this week. In it, the company reveals that the Montreal-based company will perhaps not be creating ‘earnings guidance’ with regards to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations using the firm.
While Baazov and their partners that are unannouncedn’t officially produced proposition to take the company back private, Amaya said its Special Committee assigned to handle the arbitration, along with its Board of Directors’ Audit Committee, came to the 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 advisor to your Special Committee . . . to assist in considering any proposal which could be forthcoming, too as other alternatives that may be available to Amaya.’
Amaya also announced it has implemented limitations how its CEO handles confidential information during the discussions. Particularly, Baazov is prohibited from sharing such intelligence with any outside partner that is potential.
Share Value Impacted
The headlines that Amaya will not be publishing quarterly revenue estimates moving forward may seem insignificant, but the truth is, the development poses severe risks to its overall 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 to get, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly dropped on Wednesday on the headlines of guidance being omitted for now. Stocks 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 reality, in hindsight, it could have already been good if Amaya hadn’t released that information in 2015.
Final August, during its 2nd quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a choice that will get back to haunt the gaming business in November.
Blaming everything from the strengthening dollar compared to the Euro to the severe economic slowdown in Greece, Baazov fessed up that his company was likely to fall 13 percent short of those approximations.
Amaya stocks plunged 32 percent in the news shortly thereafter. In only 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 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 business off the general public exchanges and private once 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.