New Jersey’s fiscally distressed gambling hub Atlantic City plans to release information on Tuesday about its $3.4 million debt service payments due Aug. 1, Mayor Don Guardian’s chief of staff Chris Filiciello told Reuters on Monday. Moody’s Investors Service warned last week that the city would likely default unless it received a $74 million bridge…
Niantic Labs John Hanke will be delivering a fireside chat for AR/VR day (augmented reality/virtual reality) at GamesBeat 2016. Get a ticket here! A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for Playtika, the social casino game company in Herzliya, Israel, that was owned by Caesars Interactive Entertainment. Caesars,…
Atlantic City, New Jersey’s gambling hub, will make its $3.4 million debt service payment due Aug. 1, Mayor Don Guardian said on Thursday amid concerns over whether the cash-strapped city would default. In legislation signed by Governor Chris Christie in May, the state committed to helping the city by providing a bridge loan while local…
Buy: William Hill (WMH) At 296p, William Hill shares are down on our previous buy tip, but the company recently refinanced its debt at virtually half the previous interest rate. For that reason, investment in the business, particularly online, should remain robust. A surprise departure by a chief executive tends to be taken badly, but…
On 22 June 2015, Xavier Justo, a 48-year-old retired Swiss banker, walked towards the front door of his brand new boutique hotel on Koh Samui, a tropical Thai island. He had spent the past three years building the luxurious white-stone complex of chalets and apartments overlooking the shimmering sea and was almost ready to open…
Recently I was asked what advice Id give to financial planners and their clients to navigate the current environment. Having thought more about it, I thought Id share my battle plan. First we must acknowledge that asset prices across virtually every market are either at fair value or significantly over-valued. As US investor Jayme Wiggins…
The common statement of policy principles was adopted Monday on the opening day of the Democratic National Convention in Philadelphia. Here are its key points: The one percent Echoing a central message of the Clinton campaign — “stronger together” — the document’s preamble also makes a forceful case against wealth inequality and adopts phrasing used…
Prime Minister Najib Abdul Razak’s claim that 1MDB had contributed immensely to social welfare is a “farce” as it is funded by debt that is borne by taxpayers, Petaling Jaya Utara MP Tony Pua says. Najib yesterday praised 1MDB Foundation for donating RM10.4 million to sponsor 1,100 pilgrims to perform the Haj this year. In…
Lord Lucan was killed by his aristocrat friends and buried in Switzerland, it is claimed. The debt-ridden peer murdered his childrens nanny and attempted to kill his wife before being flown to a safe-haven by his gambling circle. The 7th Earl of Lucans associates, known as the Clermont Set, had sympathy with him due to…
FAIRFAX NZ Robert Han stabbed his son and daughter to death, along with their mother. Nicholas Han, four, and his little sister Christina, two, died on August 8, 1999 in Manukau. Their grandparents remember a smart, playful boy, and a girl who love to cuddle up in bed with them. Josh Fagan reports for the Faces…
