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 their campaign. Although he’s not officially ended his run as yet, it’s expected he may do when he speaks on Friday at a Washington, D.C. conference.
Anyone who’s considered Donald Trump as some fringe candidate that would ultimately fizzle out of the Republican race whenever voters came to their senses got a huge 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 general election between the two now seems more likely than ever. (Image: AP/Zuma)
Long thought to be the firewall to the billionaire’s campaign, Super Tuesday turned alternatively into an accelerant for Trump’s race to the White home.
By end of day, 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 move 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, aswell as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his very first triumph in Minnesota.
‘This happens to be an amazing night … it is really been great,’ Trump said throughout a press conference that is victory. ‘It was a extremely 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’ heavily evangelist Christian base. 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 in the general election.
Tuesday ended up being no shock on the side that is democratic, once the frontrunner stretched her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in most to Sanders’ four.
In her triumph speech by the end of 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 once more!’ slogan, Clinton said, ‘We know we have work to accomplish, but that work, that work just isn’t to create 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 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 house states, needlessly to say, and the favorites Trump and Clinton took the all-important Virginia.
Cruz winning Texas and Rubio sweeping Minnesota for their first victory only put Trump closer to securing the GOP nomination.
The two challengers that are main Trump doubled down late Tuesday, reiterating that they aren’t dropping out to aid each other. And Ohio Governor John Kasich and former neurosurgeon Ben Carson, running fourth and fifth respectively, stated they too aren’t suspending their campaigns.
Rubio and Cruz, perhaps oddly, spoke night that is last if they certainly were the big winners.
‘So long as the field remains divided, Donald Trump’s path towards the nomination remains much more likely,’ Cruz claimed. ‘For the candidates that 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 generally share the ballot by having a quantity 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 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 used to featuring its wrists slapped by Britain’s Advertising Standards Authority right 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 last week by the British Gambling Commission (UKGC) details transgressions that are far more damaging to the business’s reputation than the casual 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 at the company’s land-based wagering shops who 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 establish the way to obtain a number of its customers that are online gambling funds, citing an example of a customer whom ended up being later convicted of fraud.
Bank worker Mark Cooney ended up being sentenced to 28 months in prison in September, after pleading accountable to stealing almost £250,000 ($348,000) from the accounts of elderly or dead customers in purchase to fund his gambling addiction.
Paddy Power ‘made no direct inquires’ about where his money arrived from, the regulator said.
The gambling company said it had flagged Cooney as ‘medium risk’ and recommended that further information be obtained, but no action was taken. The operator acknowledged that it failed to follow its due diligence procedures with regard to checks on customers.
In a 3rd case, betting store 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, 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 888 casino 88 free no deposit 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, will make a voluntary payment of £280,000 to a ‘socially responsible’ cause, plus £27,250 towards the Commission to cover the research.
It is also needed to submit its anti-money-laundering procedures to a review that is third-party to bolster its customer checks.
‘The historical failings outlined in this report were clearly unacceptable,’ said a spokesperson for the enlarged Paddy Power Betfair.
‘Paddy Power has since considerably strengthened its procedures that are internal staff have already been retrained to make certain these procedures are implemented effectively. Paddy energy Betfair takes its obligations extremely seriously and we have cooperated fully because of the Gambling Commission at every phase of this process,’ the ongoing company spokesperson added.
Amaya Sets Parameters with CEO David Baazov and Withholds Revenue Projections as Takeover Talks Continue
Amaya CEO David Baazov is trying to simply take back their company that is own 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 company reveals that the company that is montreal-based not be creating ‘earnings guidance’ with respect 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 made a proposition to take the organization back private, Amaya said its Special Committee assigned to handle the arbitration, along with its Board of Directors’ Audit Committee, found the final outcome that publishing fiscal projections would not be in its best interests.
‘The Board established the Special Committee after Mr. Baazov notified the Board on January 31, 2016 of his intention to create a proposition to acquire Amaya for C$21 ($15.65) per common share in money,’ Amaya said in a press release this week. ‘The Special Committee has appointed Barclays Capital Canada Inc. to work as financial advisor towards the Special Committee . . . to assist in considering any proposal which will be forthcoming, also as other options that may become available to Amaya.’
Amaya also announced so it has implemented restrictions on what its CEO handles information that is confidential the talks. Specifically, Baazov is prohibited from sharing such intelligence with any outside partner that is potential.
Share Value Impacted
The news headlines that Amaya defintely won’t be publishing quarterly revenue estimates moving forward might seem insignificant, however the truth is, the development poses serious 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 to purchase, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly dropped on Wednesday on the news 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 company forecast that is foregoing isn’t all bad news, though. In reality, in hindsight, it would have been good if Amaya hadn’t released that given information in 2015.
Final August, during its 2nd quarter outcomes, Amaya reaffirmed its year-long 2015 income projections, a decision that would return to haunt the gaming business in November.
Blaming sets from the strengthening dollar compared to the Euro to the serious 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 in the news fleetingly 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.
Their expected offer of $15.65 per share to take the organization off the exchanges that are public private again 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.