Archive for the ‘Free Pokies’ Category

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

Dienstag, März 10th, 2020

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

MGM Resorts posted improved fourth-quarter revenues in 2016 compared to the previous year, but the generated income fell far short of projections.

MGM Resorts CEO Jim Murren is encouraged heading in 2017 despite a disappointing fourth quarter for his company.

The Las Vegas-headquartered gaming and hospitality company reported net income of nearly $70 million for the final three months of the year. That translates to four cents per share, a far cry from the analysts‘ consensus estimate of 21 cents for the quarter.

Though the company’s new property in Washington, DC, appropriately named National Harbor, brought in big money for MGM, and performance improved at the conglomerate’s 10 free download pokies venues in Las Vegas and Atlantic City’s Borgata, the convention space underperformed.

Regardless of coming in well under fiscal expectations, CEO Jim Murren painted the earnings data in a rosy light.

‚The achievement of key financial and strategic milestones demonstrates our continued focus on driving profitability,‘ Murren said in a release. ‚We are excited about the outlook for 2017.‘

Investors on Wall Street don’t normally take the bait, and value numbers over words. Traded on the New York Stock Exchange, shares of MGM Resorts fell as much as nine percent following the financial announcement.

For the complete year, MGM generated a net income of $1.24 billion, or $1.94 per share. That’s a substantial im (mehr …)

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Dienstag, März 10th, 2020

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces‘ situation generally seems to be alarming for its customers who are unable to withdraw their funds. If the stricken company has co-mingled customers‘ funds with operating costs, then the states which have regulated DFS have a duty to prosecute.

Day-to-day fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after having a rescue that is last-ditch by competitor Fantasy Draft fell through.

Alarmingly for players, it appears from the bankruptcy filing that the ongoing company struggles to pay more than $1 million of players‘ funds, and that it has co-mingled customer money with its running expenses.

‚The Fantasy Aces team truly regrets to announce that people are not able to sustain our site and company operations January that is effective 31st, filing for protection under Chapter 7 bankruptcy law,‘ the company told its customers on Wednesday.

‚After spending over a year wanting to secure long-term capital, including recent negotiations with two notable companies which subsequently neglected to close, we’re left by having an unresolvable burden that is financial. We have unfortunately exhausted every possible financial option with no success,‘ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections while the significance of operators to segregate player funds was a major driving force behind states taking actions to regulate the D (mehr …)

Wisconsin Day-to-day Fantasy Sports Bill Prepared for Kickoff

Dienstag, März 10th, 2020

Wisconsin Day-to-day Fantasy Sports Bill Prepared for Kickoff

A Wisconsin fantasy that is daily (DFS) will soon make its way back once again to hawaii capital in Madison should a lawmaker stay true to his word.

At just 31 years old, Wisconsin State Rep. Tyler Vorpagel might be better likely than their legislative seniors at understanding the requirement to regulate fantasy that is daily.

State Rep. Tyler Vorpagel (R-District 27) revealed his plans this week to renew efforts to classify the contests that are online skill-based engagements. The assemblyman believes outcomes of DFS games rely more heavily on a person’s skill and knowledge than pure fortune.

Speaking with a FOX that is local in Milwaukee, Vorpagel said he does not believe DFS constitutes gambling. The politician explained he will soon reintroduce legislation to completely authorize fantasy activities in the Badger State.

In the meantime, the online contests continue to be offered in Wisconsin. And though the NFL season is officially over, the two biggest DFS players, DraftKings and FanDuel, are continuing to offer games on baseball, golf, soccer, and much more to Wisconsin natives.

Second Go Around

It had been an ago last month that vorpagel first introduced a bill to legalize dfs year.

Assembly Bill 800 sought to force fantasy that is daily like DraftKings and FanDuel to register with their state’s Department of finance Institutions. The certification procedure might have come with a one-time price tag of $150, (mehr …)