Sands Bethlehem, which captured the lion’s share of Pennsylvania’s record table game haul, but missed out general to its closest rival, Parx Casino.
Pennsylvania’s casinos reported the most effective results in their history that is nine-year for 12 months ending June 30, 2016. In line with the Pennsylvania Gaming Control Board, income from slots and dining table games topped $3.2 billion for the period, toppling the previous record by $86 million. Table games revenue alone had been $839 million, up nearly 8 % on last 12 months.
Sheldon Adelson’s Sands Bethlehem could be the casino that is biggest in the state and, needlessly to say, it took the lion’s share of table games revenue, some $228.1 million, up 12.4 percent year-on-year, and dwarfing its closest competitor, Parx Casino, which took $155 million.
Rogue Chip Smuggler
Sands achieved this figure that is impressive incidentally, regardless of the revelation that one of the casino’s table game supervisors ended up being charged today with removing high-domination chips through the casino secreted in her bra.
Local woman Brandy Micheli-Cheatham, 44, ended up being spotted by eagle-eyed security staff stuffing six purple potato chips, each worth $500, into her underclothing. She admitted to the crime after being apprehended by casino staff that has initially figured she was just pleased to see them.
Despite all the exciting interruptions down at the Sands, Adelson’s jo Lire la suite
Table game revenue at Pennsylvania gambling enterprises will be taxed two soon % higher, and the increase will many greatly affect the Sands Casino Resort in Bethlehem.
Pennsylvania gambling enterprises will soon start paying higher taxes on revenues generated at their tables. Lawmakers in Harrisburg continue steadily to look for new sources of income to bridge a $1 billion budget gap in the state’s spending plan for the upcoming year that is fiscal and gambling is enemy # 1.
The Republican-controlled legislature recently approved increasing taxes on casino table games from 14 to 16 per cent, an apparently modest hike that in reality will pay significant dividends. In accordance with calculations, the state stands to receive an additional $17 million annually from the 2 % bump.
The 16 per cent tax price goes into effect week that is next.
‘This one kind of came out of nowhere,’ Sands Casino Resort Bethlehem CEO Mark Juliano told The Morning contact Allentown. ‘We’re unhappy about. Pennsylvania is currently the highest tax environment for casinos, but we’ll deal along with it.’
Toes in the Sands
The tax increase on Pennsylvania casinos will most impact the Sands Bethlehem resort. Owned by billionaire Sheldon Adelson, one of Donald Trump’s biggest financiers within the 2016 election that is presidential Adelson’s venue is the most profitable casino into the Keystone State.
Throug Lire la suite
First Lady Michelle Obama energized the audience during the Democratic National Convention on the shared common theme that Donald Trump isn’t fit for the Oval workplace.
Donald Trump invested a quarter-century businesses that are owning Atlantic City. Throughout the course of his campaign, the billionaire Republican Party nominee has repeatedly trumpeted their success in the east coast gambling mecca.
‘I made a lot of money in Atlantic City and left seven years ago, great timing,’ Trump tweeted earlier this month.
After a weeklong Republican National Convention (RNC) that officially made Trump the GOP’s presidential candidate, it is now time for the Democrats to hold their very own love fest. While contention remains involving the Bernie Sanders faithful and presumptive nominee Hillary Clinton, one thing most in attendance in Philadelphia during the Democratic National Convention (DNC) can acknowledge is that Donald Trump is not qualified to be president.
Their record in Atlantic City is an example that is prime Democrats who argue Trump isn’t looking out for the American people.
‘Trump says he’d run our country like he has run their companies,’ nj-new Jersey 1xbet Ð¼Ð¾Ð±Ð¸Ð»ÑŒÐ½Ð¾Ðµ Ð·ÐµÑ€ÐºÐ°Ð»Ð¾ Senator Cory Booker said in delivering a speech that is passionate. ‘ I’m from New Jersey, and we’ve seen the way he leads . . . He got rich while his companies declared numerous bankruptcies.’
Massachusetts Senator Elizabeth War Lire la suite
The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from the fringe company when described by John McCain as ‘human cockfighting,’ to a sports that are global, happens to be offered by the brothers for $4 billion.
The championships owner that is new US talent agency WME-IMG, which includes been supported into the deal by private equity groups Silver Lake and KKR, since well as the household investment office of Michael Dell, founder of Dell computers.
The Fertittas, who can retain passive minority stakes in the company, paid just $2 million for the brand and its assets in 2001, at a low point for the championships.
Being a Heavyweight
UFC was dogged by accusations of brutality and vilified by politicians during the time, perhaps not least of that has been U.S. that is senior Senator McCain from Arizona, who aided persuade 36 states to ban ‘no-holds-barred fighting’ and pay per view companies to eliminate it from their schedules.
It ended up being banned in New York just before UFC 12 was due to start up, forcing organizers to find a venue that is new in Alabama. New York just lifted that ban earlier this 12 months.
But under the Fertittas’ stewardship, UFC gained a new level of respectability as promoters worked with state athletics commissions to impose brand new rules that curbed a few of its previ Lire la suite
A hacker removed $50 million in Ether through the Decentralized Autonomous Organization, plunging investors in to a panic, but some argue that no theft has occurred.
Ether, the currency that is digital has been billed as the ‘next’ bitcoin, plunged in value on Friday when a hacker exploited a software flaw in the Decentralized Autonomous Organization (DAO), giving the same as $50 million Ether into the ether and the cryptocurrency investment community into a panic.
If this appears bewildering, we are going to try to explain.
Ether is the currency supported by the Ethereum blockchain, a platform designed to give greater flexibility for decentralized currencies that are peer-to-peer-traded jobs developed over the top of the bitcoin protocol. Ethereum permits the creation of ‘smart agreements,’ which enables all types of business deals and perhaps not just currency transfers.
The DAO is a completely leaderless organization built on the Ethereum platform and run entirely on computer code. It makes use of these smart agreements to build a endeavor money fund devoted to sponsoring cryptocurrency that is new. All DAO decisions are taken via a vote of its users whom utilize digital tokens, purchased with Ether, to register their vote. In this way, DAO had raised $162 million to help fund fledgling jobs.
But DAO members watched in horror, in real-time, on Friday, as a hacker exposed a computer softwar Lire la suite
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