Update March 2, 2016: Since we first published this story, back-of-the-field GOP runner Ben Carson has announced which he views ‘no path forward’ in his campaign. Although he’s not officially ended their run as yet, it’s expected that he may do so when he talks on Friday at a Washington, D.C. conference.
Anyone who’s considered Donald Trump as some fringe candidate that would sooner or later fizzle out of the race that is republican voters stumbled on their senses got a huge splash of cool water on Super Tuesday. Sweeping most of a substantial lead to his races, 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 2 now seems more likely than ever before. (Image: AP/Zuma)
Long thought to function as the 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 former casino magnate and reality show star had won seven of this 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, also as Oklahoma and Alaska, while Florida Senator Marco Rubio scored their very first victory in Minnesota.
‘This happens to be an amazing night … it’s really been great,’ Trump said during a victory press conference. ‘It had been a extremely tough night for Marco Rubio … he is a lightweight.’
Clinton Keeps Pace
Super Tuesday was allowed 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 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 election that is general.
Tuesday was no shock on the Democratic side either, as the frontrunner extended her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in every to Sanders’ four.
In her triumph speech by the end for the time, 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 is not to produce 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.
There were no Spotlight surprise moments 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 house 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 neurosurgeon that is former Carson, operating fourth and fifth respectively, stated they too aren’t suspending their promotions.
Rubio and Cruz, perhaps oddly, spoke yesterday 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 have perhaps 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 the ballot having a 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 began its brand new existence as one half of Paddy Power Betfair with a scolding that is strong the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is accustomed featuring its wrists slapped by Britain’s Advertising Standards Authority right now. The controversial company actually revels in the notoriety its risqué advertising brings, plus it understands that some condemnation comes with that reality.
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 sporadic off-color television 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 had been 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 establish the source of a few of its online customers’ gambling funds, citing one example of a customer who ended up being 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 records of elderly or customers that are deceased purchase to fund his gambling addiction.
Paddy Power ‘made no inquires that are direct about where his cash came from, the regulator said.
The wagering company stated it had flagged Cooney as ‘medium risk’ and suggested that further information be obtained, but no action had been taken. The operator acknowledged it did not follow its homework procedures with regard to checks on customers.
In a case that is third betting shop senior staff were found to possess 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 worker suggested 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 utilizing the certification objective of preventing people that are vulnerable being exploited casinopokies777.com by gambling,’ stated the Gambling Commission.
Paddy Power, which last month finished 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 pay for the research.
It is also needed 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 spokesperson for the enlarged Paddy Power Betfair.
‘Paddy Power has since dramatically strengthened its interior procedures and staff were retrained to make sure these procedures are implemented effectively. Paddy energy Betfair takes its responsibilities extremely seriously and we have cooperated fully utilizing the Gambling Commission at every stage of 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 statement that is cautionary investors this week. In it, the organization 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 with all the firm.
While Baazov and his partners that are unannouncedn’t officially produced proposition to just take the company right back private, Amaya said its Special Committee assigned to handle the arbitration, along side its Board of Directors’ Audit Committee, stumbled on in conclusion that publishing fiscal projections wouldn’t be in a 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 work as financial advisor to your Special Committee . . . to aid in considering any proposal which could be forthcoming, also as other alternatives that may become available to Amaya.’
Amaya also announced it has implemented limitations on how its CEO handles information that is confidential the discussions. Specifically, Baazov is prohibited from sharing such intelligence with any outside partner that is potential.
Share Value Impacted
The news that Amaya defintely won’t be publishing quarterly revenue estimates moving forward may seem insignificant, however the truth is, the development poses serious risks to its overall share value.
Traded on both the Toronto Stock Exchange in Canada and NASDAQ in america, 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 headlines of guidance being omitted for the moment. Shares dropped by 2.49 percent on NASDAQ to a closing cost of $14.47.
No Parental Guidance
The business forecast that is foregoing isn’t all bad news, though. In reality, in hindsight, it would have already been good if Amaya hadn’t released that information in 2015.
Last August, during its second quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a choice that would get back to haunt the gaming company in November.
Blaming anything from the dollar that is strengthening to the Euro to the severe economic slowdown in Greece, Baazov fessed up that his business ended up being going to fall 13 percent short of those approximations.
Amaya shares plunged 32 percent in the news soon 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 focused on 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.
Their expected offer of $15.65 per share to take the company off the general public exchanges and private once more values the organization at around $2.8 billion. Perhaps 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.