You are here: Home / Archives for takes

Las Vegas Sands Billionaire Dr. Miriam Adelson to Spend ‘Whatever It Takes’ for Trump Victory

Dr. Miriam Adelson, the largest shareholder of Las Vegas Sands with a 46% stake in the Macau casino empire, has pledged to spend “whatever it takes” to reelect her friend Donald Trump.

Miriam Adelson Donald Trump campaign
Dr. Miriam Adelson and former President Donald Trump embrace during a campaign rally at his Trump National Golf Club Bedminster in New Jersey on Thursday, Aug. 15, 2024. Adelson, the Las Vegas Sands owner, is ready to spend over $100 million to fund Trump’s 2024 presidential campaign. (Image: AP)

Adelson and her late husband, Sands founder Sheldon Adelson, have been Trump’s biggest supporters since the former casino tycoon announced his 2016 presidential run. The Adelson family poured more than $200 million into Trump’s 2016 run and unsuccessful 2020 reelection bid.

Adelson pledged this week to open up her deep pockets, estimated by Forbes to be north of $28 billion, to bankroll Trump for a third consecutive presidential election cycle. At a campaign event at his Trump National Golf Club in Bedminster, N.J., Adelson reportedly hinted that she has a blank check policy for the former president and will give his campaign whatever it needs to get him back in the White House.

Political odds currently have Trump as a slight underdog. Vice President Kamala Harris’ odds on political wagering exchange Polymarket give her an implied chance of 51% to Trump at 47%.

Overseas bookmakers have Harris at -125, or implied odds of 55.6%. Trump is even money (+100 — 50%).

Las Vegas Sands no longer has domestic casino holdings after selling The Venetian and Palazzo resorts on the Las Vegas Strip in early 2022 for $6.25 billion. The company has several casino resorts in China’s Macau and is lobbying heavily in Texas for the Lone Star State to welcome casino resorts.

Adelson and her son-in-law, Patrick Dumont, Sands’ president and chief operating officer, acquired a controlling stake in the NBA Dallas Mavericks from Mark Cuban last year. Adelson’s fortune tumbled over the last 12 months, as Sands’ stock price crashed almost 25%.

Adelson Super PAC

Adelson will once again primarily fund Trump through her super political action committee (PAC) Preserve America. She gave the PAC $5 million in May to get its Trump campaign up and running, but the committee’s treasure chest will see considerably more money from the Sands owner in the coming weeks.

According to Andy Abboud, the Adelsons’ longtime political aide, family advisor, and spokesperson, Preserve America will spend upwards of $100 million to make sure Harris doesn’t become the 47th president.

We’re going to do whatever it takes for him to win,” Abboud confirmed in an interview with CNBC on Friday. “In her mind, and in the minds of those who run [Preserve America], we are going to do whatever it takes for him to win.”

In addition to her Preserve American, Adelson in May wrote a check for $844,600 to the Trump 47 Committee. She’s also given 38 committees and PACs $10,000 each that are working to put GOP governors and congresspeople into office this November. 

Israel in Focus

Adelson says Jewish voters should vote for Trump, a strong ally of the Israeli state who relocated the U.S. Embassy from Tel Aviv to Jerusalem while president. The embassy’s relocation was of utmost importance to the Adelsons, who attended the embassy’s opening on May 14, 2018, sitting in the front row.

President Trump deserves the full support of the entire Jewish people,” Adelson, who received the Medal of Freedom from Trump in 2018 for her philanthropic work in medical research, Holocaust memorialization, and strengthening the American Jewish community. “Anyone who cares about Israel’s security and prosperity, this must be our pledge to him — this must be our promise to him — that the White House will be his again come January.”

Harris reportedly strongly considered Pennsylvania Gov. Josh Shapiro (D) to be her running mate but was rumored to have been concerned that his Jewish heritage could turn off the Democrats’ Palestinian support.

The post Las Vegas Sands Billionaire Dr. Miriam Adelson to Spend ‘Whatever It Takes’ for Trump Victory appeared first on Casino.org.

Filed Under: Gambling News Tagged With: , , , , , , , , ,

Basketball takes over sports gambling on Bodog

Man holding white and blackspalding basketball near brown and white basketball hoop

As had been expected, the conclusion of the NFL season, which found the Tampa Bay Buccaneers handing the Kansas City Chiefs an embarrassing defeat, opened the doors for an increase in wagers in other sports. Football had dominated the charts since last September, but it’s now time for basketball to take the lead. On Bodog, NBA and NCAA Men’s Basketball are now the overwhelming go-to options for sports gamblers. 

This past weekend, college hoops wagers topped the charts on Bodog, garnering 36.88% of the action. That was about 2.5% better than what the NCAA received, and substantially more than that of the third-place NHL, which only picked up 10.17%. After that, the UFC/MMA made an appearance with 4.15% before different soccer leagues captured four of the remaining top-ten spots. The Premier League was the best, with 3.34%, but tennis and golf snuck in next. The Australian Open Men’s Singles picked up 3.21% and the Genesis Invitational grabbed 2.47%. Germany’s Bundesliga, Spain’s La Liga and Italy’s Serie A rounded out the top-ten list, with Germany and Spain sharing 2.02% each and Italy getting 1.44% of the wagers.

Despite taking the top spot on the charts on Bodog this past weekend, NCAA games didn’t prove overly enticing to gamblers. The NBA captured almost all of the top-ten most-wagered events, with only one NCAA game making it to the list. Sports gamblers liked betting on the LA Clippers a lot, as the team’s games against the Utah Jazz and the Brooklyn Nets picked up 13.85% and 11.51%, respectively. In a surprise victory, the Clippers beat the Jazz on Friday, but couldn’t keep the run going and lost to the Nets on Sunday.

The Genesis Invitational, which Max Homa took down after a shoot-off with Tony Finau, attracted 10.79% of the wagers on Bodog this past weekend. Homa is intimately familiar with the course where the tournament is played, the Riviera Country Club, and has been a regular on the greens since he was two years old. With his Genesis win, Homa joins Bubba Watson as the only two players to take a Riviera victory with a bogey-free final round since 1990.

The NBA action returned to Bodog’s list next, with three games getting more than 10% of the wagers. Next, the NCAA’s Michigan vs. Ohio State game was popular with gamblers, as 9.07% of the bets on Bodog were placed on this game. Third-place Michigan handed fourth-place Ohio State a loss, walking away with a 92-87 win to improve to 16-1. Novak Djokovic vs. Daniil Medvedev in the Australian Open attracted 8.58% of the bets as Djokovic swept three sets. The last of the top-ten events on Bodog flipped back to the NBA, with the Sacramento Kings/Milwaukee Bucks and the Golden State Warriors/Charlotte Hornets games getting 7.63% and 7.5%, respectively.

The post Basketball takes over sports gambling on Bodog appeared first on CalvinAyre.com.

Filed Under: Gambling News Tagged With: , , , ,

Meister’s Corvex Management Takes 4.4% Stake in Entain

Less than 24 hours after Jette Nygaard-Andersen resigned as chief executive officer of Entain (OTC: GMVHY), Keith Meister’s Corvex Management revealed it took a 4.4% stake in the Ladbrokes owner.

Corvex Kindred
Corvex Management founder Keith Meister at an investment conference in New York. His hedge fund took a 4.4% stake in Entain. (Image: Bloomberg)

Corvex is a major investor in MGM Resorts International (NYSE: MGM) where Meister is a member of the board of directors. The casino giant is Entain’s 50/50 partner in BetMGM. Meister’s firm joins Dendur Capital and Sached Heam Capital, two New York-based hedge funds, in recently revealing activist stakes in the Coral owner. Those two money managers bought shares in Entain before Nygaard-Andersen’s resignation.

We believe Entain is at a critical juncture and can benefit from the constructive engagement of a well-informed shareholder with substantial industry and company-specific experience and expertise,” said Corvex in a statement.

The hedge fund added it intends to work with Entain Chairman Barry Gibson and interim CEO Stella David “to be a helpful force for change.”

Corvex Entain Investment Could Stoke MGM Rumors

In midday trading, Entain’s US-listed shares were higher by nearly 9%, indicating investors are enthusiastic about the departure of Nygaard-Andersen and Corvex taking a stake in the gaming company.

The news could also reignite speculation that MGM could revisit a takeover offer for Entain. Corvex is an activist investor, meaning it’s pushing for some form of change with its investment in the company. With Meister being an MGM director, he’d almost certainly vote in favor of the Bellagio operator bidding anew for its BetMGM partner.

Following Entain’s January 2021 rejection of an $11.06 billion takeover bid from MGM, speculation has been rampant the casino company would eventually revisit an acquisition scenario, though executives from that firm have said such a deal isn’t in the near-term offing. Entain investors are likely wishing their company had accepted that deal because the market value of the operator has since slumped to $6.83 billion.

Corvex and the other activists could push Entain to sell its BetMGM stake to MGM — something the latter would likely be agreeable to — but it’s not clear if that’s their plan of attack at the moment. Meister’s hedge fund is also a large investor in Sweden’s Kindred Group, but given Entain’s recent missteps with acquisitions, it may be unlikely that he’d push for Entain to be a buyer of Kindred.

Entain Performance ‘Unacceptable’

Entain and Nygaard-Andersen became targets for activists following a debt-fueled $2 billion acquisition binge that saw the operator gobble up smaller sports betting outfits across Europe, seemingly to bulk up and fend off unsolicited takeover bids.

Those missteps, coupled with BetMGM’s declining market share in the US and Entain’s recent $729 million payment to UK regulators to settle allegations of bribery related to its Turkish operations, likely sealed Nygaard-Andersen’s fate.

The former chief executive officer did herself no favors with her inability to control corporate costs and her knack for private air travel drew the ire of Entain investors who dubbed her “Private Jette.” For its part, Corvex sees more change coming at the gaming company.

“While the Company’s recent management change was a necessary first step, further change is required. Simply put, Entain’s recent performance has been unacceptable and all options must be considered to drive value,” concluded the money manager.

The post Meister’s Corvex Management Takes 4.4% Stake in Entain appeared first on Casino.org.

Filed Under: Gambling News Tagged With: , , , , ,

ICE Conference Takes Place in Barcelona from 2025, iGB Affiliate Moves to London

After six months of bidding, the process of choosing the host city for Clarion Gaming’s ICE and iGB Affiliate conferences is finally over. From 2023, Barcelona will take over the role of the host, and at the same time, iGB L!VE will be held in London.

A tough choice

The shortlist of candidates contained four cities: London, Madrid, Paris, and Barcelona, and it wasn’t easy to agree upon the final decision, and there were more than 30 factors to consider.

The relocation process of the ICE was conducted along with Equimore, a famous event strategy, and location specialist, and the decision was made by the ICE advisory board. By 2025, the 12-year tenure in London will expire, so it’s the right time to relocate. After ExCeL in London, the event will take place at Fira de Barcelona, a space that is placed across 240,000 square meters. A five-year contract is signed with the property, with the start date set for January 20 and January 22.

Clarion Gamin didn’t want to take any chances, so the company already booked 40,000 hotel rooms for the event, and they will inform stakeholders beginning in September.

And why was Barcelona chosen? According to the source, Alex Pratt, the Managing Director at Clarion Gaming, highlighted the city’s magnificent facilities, as well as great infrastructure and logistics. One of the main reasons was ROI for customers and the ability to scale. He stated he was grateful for the efforts the stakeholders made to make the process smooth and come to the right decision. All of the shortlisted cities’ applications were professional and overall good.

Pratt commented: “This was a complex, customer-led undertaking. The process enabled us to identify the city that our customers believe is best equipped to be our strategic partner for the future and is able to host two world-class events which meet the needs of businesses of all sizes and locations across every part of the gaming and ICE community.”

Grateful to ExCeL

Barcelona isn’t the only city that gets a new event. The famous iGB L!VE is moving to London in 2025 after taking place in Amsterdam.

Prat thanked ExCeL London, highlighting all of its help during the last 12 years, saying: “We remain committed to ExCeL London as a great destination and are looking forward to bringing iGB L!VE to London in July 2025 to continue this legacy and provide the perfect backdrop for this fast-growing event’s future in key gaming territory. Now this process is complete, our exclusive focus is on continuing the ICE and iGB Affiliate success stories in partnership with our international stakeholders and delivering an amazing experience in London in 2024.”

The following ICE will be held in London from 6 to 8 February, while the iGB event will take place on 7 and 8 February.

Source: Harrison, Robin. “ICE and iGB Affiliate moving to Barcelona from 2025”. iGaming Business. August 1, 2023.

The post ICE Conference Takes Place in Barcelona from 2025, iGB Affiliate Moves to London appeared first on Casino News Daily.

Filed Under: Gambling News Tagged With: , , , , , , ,

Stakelogic Takes Runner Runner Roulette 5000x Live to the Rest of the World

stakelogic_takes_runner_runner_roulette_5000x_live_to_the_rest_of_the_worldAfter announcing an exclusive engagement for its new game in late November of last year, Stakelogic Live is now making Runner Runner Roulette 5000x available to operators network-wide. The game was first released solely at Unibet.nl

Live dealer gaming is reported to be extremely popular in the Netherlands so it simply made sense to offer Dutch players a first crack at the game which plays mostly like standard European roulette but also has some exciting additional features to make it fun for everyone.

Now licensed operators in all regulated markets can offer the game along with other in-person streaming and hosted games from the provider’s live studio in the Netherlands. The game currently is not streamed from Stakelogic Live’s state-of-the-art studio in Birkirkara, Malta. The company provides an entire suite of live games including blackjack streamed from dedicated studios. The company’s RNG games have been licensed in Malta since 2016.

Fast-Paced Game with 5,000x Potential Multiplier on Wins

Gameplay is fast-paced and the potential to pick up a 5000x multiplier on top of the game’s own odds sets it apart from most other casino floor games while the atmosphere and actual bonus mechanics set one foot solidly in the gameshow gambling genre.

The game is built around TCX Huxley’sSaturn Auto Roulette wheel, the world’s first and only compact, tabletop, automated roulette wheel.

Behind the wheel, players will see random roulette numbers (1-36 and 0 but not 00) showcased with every spin. The quantity of numbers that can appear varies from 1 to 5 but at least one roulette number is always featured. If the winning number on the wheel matches any of the showcased numbers on the display the player will get winnings multiplied by a factor of 50x to 500x or they will enter a special bonus round where things simply get crazy for big win potential.

In the special bonus round, players will see a 10×10 grid of symbols cloned from the Stakelogic slot games Runner Runner. It’s a classic fruit slot at its core so the symbols on the board include Bars, Melons, Strawberries, 7s, stars, etc. Random multipliers from 50x up to 5,000x this time appear as well and are hidden behind the 100 symbols which are shuffled up madly on the screen.

With their table win “in hand”, the player now selects any one of the symbols and is awarded the multiplier that it conceals.

It’s a sight to see with all the showbiz glitz and glamor adding to the excitement and there is no other studio backdrop like it on the market at this point. Banks of lights warm the cockles and the dealer dressing in a gold suit jacket and sometimes sporting a bowtie really set the mood.

Around the Clock with Bets as Low as€0.20

The game is designed to offer everyone in regulated markets a chance to play, with a minimum bet of just €0.20. New rounds are pounded out 24 hours a day, 7 days a week from the dedicated Dutch studio.

Head of Live Casino at Stakelogic Live, Richard Walker said: “The gameshow format is one of the most popular in the Netherlands and beyond, and in Runner Runner Roulette 5000X we have a game that is packed full of glitz, glamour, and plenty of big win potential.

It has performed incredibly well with Unibet, and we can’t wait to see it land in the live game lobbies of other operators, especially in the Dutch market taking full use of our Native content. The player experience is thrilling as it is entertaining, allowing operators to engage new and existing players with a game they want to come back to again and again.”

In addition to Malta and the Netherlands, Stakelogic is also licensed in Ukraine, Greece, the United Kingdom, the US state of Michigan, and Romania.

Source: Runner Runner Roulette 5000X To Take The World By Storm, Stakelogic News, March 6, 2023

The post Stakelogic Takes Runner Runner Roulette 5000x Live to the Rest of the World appeared first on Casino News Daily.

Filed Under: Gambling News Tagged With: , , , , ,