Update March 2, 2016: Since we first published this story, back-of-the-field GOP runner Ben Carson has announced that he views ‘no path forward’ in his campaign. That he may do so when he speaks on Friday at a Washington, D.C. conference although he has not officially ended his run as yet, it’s expected.
Anyone who’s considered Donald Trump as some fringe candidate that would sooner or later fizzle out of the Republican race when voters came to their senses got a big splash of cold water on Super Tuesday. Sweeping most of his races with a substantial lead, the Donald proved he could be here to stay within the 2016 presidential procedure.
Donald Trump and Hillary Clinton had been Super Tuesday’s big champions, and a head-to-head basic election between the two now seems more likely than in the past. (Image: AP/Zuma)
Long thought to end up being 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 day, the previous 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 home that is valuable state also as Oklahoma and Alaska, while Florida Senator Marco Rubio scored his very first triumph in Minnesota.
‘This has been an amazing night … it is really been great,’ Trump said within a victory press conference. ‘It had been a very night that is tough 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 regarding the southeastern United States’ heavily evangelist base that is christian. Instead, voters largely went for the Manhattanite that is twice-divorced in.
That takes the 2016 presidential race one giant step closer to the showdown that’s been impending for weeks: Hillary Clinton versus Donald Trump in the election that is general.
Tuesday ended up being no surprise on the Democratic side either, because the frontrunner stretched her lead over challenger Vermont Senator Bernie Sanders. Like Trump, Clinton took seven states in every to Sanders’ four.
In her victory speech at the end of the Clinton didn’t waste time in attacking Sanders day. Instead, she went after her GOP that is likely challenger.
Using a jab at Trump’s ‘Make America Great Again!’ motto, Clinton said, ‘We understand we have work doing, but that work, that work isn’t in order to make America great again. 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 have been no Spotlight surprise moments on Tuesday, with several events being called the minute polls closed by tv news outlets rushing to declare the victor first. Cruz and Sanders both took their property states, as expected, 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 2 main challengers to Trump doubled down late Tuesday, reiterating they aren’t dropping out to support each other. And Ohio Governor John Kasich and neurosurgeon that is former Carson, running 4th and fifth respectively, said they too aren’t suspending their campaigns.
Rubio and Cruz, perhaps oddly, talked night that is last if these people were the big champions.
‘So long as the field remains divided, Donald Trump’s path to the nomination remains much 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 their runner-up finish in Virginia, ‘We basically fought Donald Trump to a draw despite having to generally share the ballot by having a true amount of people 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 new presence as one half of Paddy Power Betfair with a strong scolding from the UKGC. (Image: twitter.com)
Irish bookmaker Paddy Power is accustomed having its wrists slapped by Britain’s Advertising Standards Authority by now. The controversial company actually revels in the notoriety its risqué advertising brings, and it knows that some condemnation comes with that truth.
But a report published the other day by the UK Gambling Commission (UKGC) details transgressions that are far more damaging to the business’s reputation than the sporadic off-color TV spot about blind soccer players throwing 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 business’s land-based shops that are betting 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 failed to take ‘reasonable steps’ to establish the source of a few 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 was sentenced to 28 months in prison in September, after pleading bad to stealing almost £250,000 ($348,000) from the reports of elderly or dead customers in purchase to fund their gambling addiction.
Paddy energy ‘made no direct inquires’ about where his cash came from, the regulator said.
The company that is betting it had flagged Cooney as ‘medium risk’ and suggested that further information be obtained, but no action had been taken. The operator acknowledged that it didn’t follow its very own diligence that is due with regard to checks on customers.
In a 3rd case, betting shop senior staff were found to have 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, an employee that is senior junior staff that ‘steps should be studied to increase Customer A’s visits and time spent in the gambling premises.’
£300,000 in Fines
‘This was grossly at chances with the certification objective 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 pay for the investigation.
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 were clearly unacceptable,’ said a representative for the enlarged Paddy Power Betfair.
‘Paddy Power has since significantly strengthened its procedures that are internal staff have already been retrained to ensure these procedures are implemented effectively. Paddy Power Betfair takes its duties extremely seriously and we have cooperated fully using the Gambling Commission at every phase with this procedure,’ 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 wanting to simply take back his 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 statement that is cautionary investors this week. In it, the company reveals that the company that is montreal-based not be producing ‘earnings guidance’ with regards to its 2016 financial performance, in light of CEO David Baazov’s continued takeover negotiations utilizing the firm.
While Baazov and their unannounced partners have actuallyn’t officially produced proposal to simply take the organization back private, Amaya said its Special Committee assigned to handle the arbitration, along side its Board of Directors’ Audit Committee, came to the conclusion that publishing fiscal projections would not be in 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 act as financial advisor to the Special Committee . . . to aid in considering any proposal that could be forthcoming, too as other options that may be available to Amaya.’
Amaya also announced that it has implemented limitations on how its CEO handles information that is confidential the talks. Especially, 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 posting revenue that is quarterly going forward may seem insignificant, nevertheless 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 america, guidance reports for a company’s future earnings ‘can have a major influence over analyst stock ratings and investor decisions to buy, hold, or sell’ according to Investopedia.
Amaya stock unsurprisingly fell on Wednesday on the news headlines 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 business foregoing forecast earnings isn’t all bad news, however. In reality, in hindsight, it might have been good if Amaya hadn’t released that information in 2015.
Final August, during its 2nd quarter results, Amaya reaffirmed its year-long 2015 income projections, a decision that could return to haunt the gaming business in November.
Blaming everything 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 stocks plunged 32 percent regarding 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 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.
His expected offer of $15.65 per share to take the company off the general public exchanges and personal again values the organization at around $2.8 billion. Perhaps not so ironically, that’s slightly below the $2.9 billion Deutsche Bank, Barclays, and Macquarie Capital provided in credit financing to Amaya for the Rational buyout.