Examples cited by the FCA include a customer whose loan was approved despite a bank statement and pay slip showing that in the previous month the equivalent of 97pc of the customers income was spent on online gambling while payments were also made to WPPL and three other payday lenders, as well as a debt…
Las Vegas wants to attract more tourists, yet it also wishes to be known as more than a flamboyant gambling town. So it is considering a breathtaking $750m bet on a football stadium. Mark Davis, owner of the NFLs Oakland Raiders, has promised to relocate his team to southern Nevada if the state covers more…
Entrepreneurs such as car dealers are inherently gamblers, taking risks that others don’t. The National Automobile Dealers Association’s annual convention henceforth will be held in Las Vegas every other year for a reason that goes beyond lots of hotel rooms: Dealers are at home in that environment. None, perhaps, more so than Billy Walters. Walters,…
July 11, 2016 8:32 a.m. ET Caesars Entertainment Corp. CZR 4.38 % has amended a merger agreement with Caesars Acquisition Co. CACQ -1.99 % , which is linked to the bankruptcy restructuring of the gambling companys main operating unit. The changed deal comes as the unit, Caesars Entertainment Operating Co., stacks up agreements with creditors in…
It’s many years since I grappled with the intricacies of contract law in general, and the specifics of Carlill v the Carbolic Smoke Ball Company (1892) in particular. Notwithstanding, I seem to recall that consideration must be exchanged if a valid contract can be said to exist between Crispin Hull and Nick Xenophon in regard…
Civilised people dont buy gold. They invest in productive businesses, Charlie Munger, Warren Buffetts partner, said in 2012. Farmland trumps gold nuggets any day, the Sage of Omaha opined. Tell that to the markets. The gold price keeps hitting new highs following the vote on Brexit. Last week, it rose above $1,375 an ounce, up…
Entrepreneurs such as car dealers are inherently gamblers, taking risks that others don’t. The National Automobile Dealers Association’s annual convention henceforth will be held in Las Vegas every other year for a reason that goes beyond lots of hotel rooms: Dealers are at home in that environment. None, perhaps, more so than Billy Walters. Walters,…
Entrepreneurs such as car dealers are inherently gamblers, taking risks that others don’t. The National Automobile Dealers Association’s annual convention henceforth will be held in Las Vegas every other year for a reason that goes beyond lots of hotel rooms: Dealers are at home in that environment. None, perhaps, more so than Billy Walters. Walters,…
Entrepreneurs such as car dealers are inherently gamblers, taking risks that others don’t. The National Automobile Dealers Association’s annual convention henceforth will be held in Las Vegas every other year for a reason that goes beyond lots of hotel rooms: Dealers are at home in that environment. None, perhaps, more so than Billy Walters. Walters,…
Over his 12-year career, three-time NBA All-Star Antoine Walker made more than $108 million. But just two years after retiring from the league, he’d lost it all. “It was my darkest hour,” Walker told CNBC, describing the day he filed for Chapter 7 bankruptcy in May 2010. At the time, he had about $4 million…