Atlantic City is crafting a recovery plan to prevent New Jersey from taking over the distressed seaside gambling hub. Bondholders are betting it wont entail default. Local officials have tapped three firms for a financial blueprint that must be approved in November or the state can assume unprecedented control over the citys finances. Mayor Don…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some … Malcom…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some … Malcom…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some … Malcom…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some ……
New Jersey’s fiscally distressed gambling hub Atlantic City plans to release information on Tuesday about its $3.4 million debt service payments due Aug. 1, Mayor Don Guardian’s chief of staff Chris Filiciello told Reuters on Monday. Moody’s Investors Service warned last week that the city would likely default unless it received a $74 million bridge…
Niantic Labs John Hanke will be delivering a fireside chat for AR/VR day (augmented reality/virtual reality) at GamesBeat 2016. Get a ticket here! A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for Playtika, the social casino game company in Herzliya, Israel, that was owned by Caesars Interactive Entertainment. Caesars,…
Buy: William Hill (WMH) At 296p, William Hill shares are down on our previous buy tip, but the company recently refinanced its debt at virtually half the previous interest rate. For that reason, investment in the business, particularly online, should remain robust. A surprise departure by a chief executive tends to be taken badly, but…
Atlantic City, New Jersey’s gambling hub, will make its $3.4 million debt service payment due Aug. 1, Mayor Don Guardian said on Thursday amid concerns over whether the cash-strapped city would default. In legislation signed by Governor Chris Christie in May, the state committed to helping the city by providing a bridge loan while local…
On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open…