Catégorie : Lucky Nugget Casino

Cantor Gaming CEO Under Possible Investigation by Feds

Cantor Gaming CEO Under Possible Investigation by Feds

CEO Lee Amaitis (center) recently started the Cantor Gaming Atlantis sports book; some say he is under federal scrutiny now

Maybe Not a day goes by in the gaming world without someone in a position of power somewhere being scrutinized by the feds anymore, it appears. Now Cantor Gaming CEO Lee Amaitis is under the spotlight, according to the The Wall Street Journal, on the layer tail of colleague Michael Colbert Cantor’s now released vice president of risk management who pled guilty just last month to knowingly accepting unlawful bets.

Denial from the Top

Parent business Cantor Fitzgerald was fast to deny the rumor, however, saying within an issued statement: ‘We feel compelled to address this reckless and rumor that is baseless. The notion that Lee Amaitis is a target of federal prosecutors or which he participated in illegal bookmaking is false and baseless.’

Of program, Anthony Weiner additionally vehemently denied he was still sexting, therefore there you go with regards to denials of rumors.

Accepting wagers from ‘runners’ people who spot wagers for an operation is illegal in Nevada, where Cantor Gaming is headquartered.

It would definitely behoove the sports book company to distance themselves from any further insinuations of illegalities, given that Amaitis just attended opening ceremonies for the brand new Cantor Gaming race and recreations books at the Atlantis Casino on Paradise Island within the Bahamas. (suite…)

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Caesars Gets A minimal Less Stocky with 11 Price that is percent Drop

Caesars Gets A minimal Less Stocky with 11 Price that is percent Drop

In what’s shown to be its stock plummet that is biggest in almost a year, Caesars Entertainment Corp’s offerings dropped by 11 % on Tuesday, largely due to the trades failing to have rights to partake in its impending Internet divisions’ IPO, it appears. The day ended at $19.91 per share for Caesars, which signified the casino conglomerate’s biggest stock drop since November 14, 2012. Ironically, Caesars’ shares have actually increased threefold since then, a real possibility largely associated with its expansion plans vis a vis its online arm, along with a debt that is recent program to alleviate the pain of some the casino company’s $23 billion in redline debt. There may not be sufficient antacids or Lortabs to cope with this quantity of pain, but they are offering it their shot that is best.

Divide and Conquer

Caesars which has created a few subdivisions and spinoffs in purchase to reallocate funds more advantageously did not provide Tuesday’s stock investors a go at IPO rights towards their new oh-so-creatively named Caesars Acquisition Co., which will function as the holding division for both Caesars Interactive Entertainment since well as two land casino properties: their Las Vegas Strip Planet Hollywood hotel and a $400-million Horseshoe that is going up once we speak in Baltimore, Maryland.
But that does not mean shareholders won’t have a shot at the IPO; those who decide to shop for stocks dow (suite…)
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