With numerous massive news stories hitting the headlines last week we spend a few moments going over some of the most important
Beijing took steps last week to halt the sliding share prices in its two major trading markets. With the Shanghai Composite Index having lost 30% of its value in the last three weeks the government has banned IPOs and set up a stabilization fund, 19 billion dollars of which was pledged by senior brokers, fund managers and mutual funds who will invest in the local market. With more than 3 trillion dollars already wiped off value Beijing has to hope this will stop the rot, but it may well not.
61.3% of Greek voters rejected the package of austerity measures that were to be imposed by the nation’s Eurozone creditors in a referendum held on Sunday. In the first such vote since the mid-1970s the government of Alexis Tsipras’ Syriza party gained support for its position of not acquiescing to the continued fiscal hardship set upon it from Brussels. The vote marks a turning point in negotiations between the Euro Elite and Greece, with a compete breakdown of the process and a Greek exit still likely.
Website Reddit faced a massive backlash to its sacking of Victoria Taylor last week with 300 of its subreddits closed down by unpaid moderators protesting at the decision. With Mz. Taylor viewed by many as trustworthy, and the rest of the Reddit employee roster being seen as disinterested corporate scum, the site’s chief executive Ellen Pao has already apologized for letting down users and promised to find a solution to fix the problem, but it is a promise few of the regulars believe she can keep.
In sport the FIFA scandal continued to rumble on with two leading officials with Croatia’s leading football club, Dinamo Zagreb, arrested on suspicion of tax evasion, bribery, corruption and numerous other offenses. Some 1.8 million dollars is said to have been defrauded from the state by the detained. Will this be a pattern repeated across the world as FIFA’s slide into infamy continues? You’ll have to read our daily news pages to find out, but in the meantime here’s the big stories we covered last week.
1. Lionel Messi helped Argentina with three assists in their 6–1 win over Paraguay.
2. Lewis Hamilton complained about the trophies in Formula One ahead of the 2015 British Grand Prix.
3. The United States and Japan were preparing their third showdown against each other in Canada before the 2015 Women’s World Cup final.
4. With Argentina and Chile to fight for the title, everything was ready for a remarkable Copa America showdown before the final.
5. Russell Wilson mentioned that if he had the opportunity, he would play baseball while he continues his NFL career.
6. Chile won their first ever Copa America title after defeating Argentina on penalties in Santiago de Chile.
7. Roger Federer demonstrated his skills after Caroline Wozniacki accused the organizers with sexism in the second week of the Wimbledon Championships.
Meanwhile Hollywood’s portrayal of aliens as being humanoid has gained some well respected backing from evolutionary biologist Simon Conway Morris who last week claimed it was likely any extraterrestrials would look very similar to humans as the principles convergence gave rise to the same evolutionary development as man has enjoyed here on Earth. With isolated evolutionary structures coming to resemble themselves so it is now thought that the same variety of life will have reached domination on other planets as it has here.
With numerous massive news stories hitting the headlines last week we spend a few moments going over some of the most important
Beijing took steps last week to halt the sliding share prices in its two major trading markets. With the Shanghai Composite Index having lost 30% of its value in the last three weeks the government has banned IPOs and set up a stabilization fund, 19 billion dollars of which was pledged by senior brokers, fund managers and mutual funds who will invest in the local market. With more than 3 trillion dollars already wiped off value Beijing has to hope this will stop the rot, but it may well not.
61.3% of Greek voters rejected the package of austerity measures that were to be imposed by the nation’s Eurozone creditors in a referendum held on Sunday. In the first such vote since the mid-1970s the government of Alexis Tsipras’ Syriza party gained support for its position of not acquiescing to the continued fiscal hardship set upon it from Brussels. The vote marks a turning point in negotiations between the Euro Elite and Greece, with a compete breakdown of the process and a Greek exit still likely.
Website Reddit faced a massive backlash to its sacking of Victoria Taylor last week with 300 of its subreddits closed down by unpaid moderators protesting at the decision. With Mz. Taylor viewed by many as trustworthy, and the rest of the Reddit employee roster being seen as disinterested corporate scum, the site’s chief executive Ellen Pao has already apologized for letting down users and promised to find a solution to fix the problem, but it is a promise few of the regulars believe she can keep.
In sport the FIFA scandal continued to rumble on with two leading officials with Croatia’s leading football club, Dinamo Zagreb, arrested on suspicion of tax evasion, bribery, corruption and numerous other offenses. Some 1.8 million dollars is said to have been defrauded from the state by the detained. Will this be a pattern repeated across the world as FIFA’s slide into infamy continues? You’ll have to read our daily news pages to find out, but in the meantime here’s the big stories we covered last week.
1. Lionel Messi helped Argentina with three assists in their 6–1 win over Paraguay.
2. Lewis Hamilton complained about the trophies in Formula One ahead of the 2015 British Grand Prix.
3. The United States and Japan were preparing their third showdown against each other in Canada before the 2015 Women’s World Cup final.
4. With Argentina and Chile to fight for the title, everything was ready for a remarkable Copa America showdown before the final.
5. Russell Wilson mentioned that if he had the opportunity, he would play baseball while he continues his NFL career.
6. Chile won their first ever Copa America title after defeating Argentina on penalties in Santiago de Chile.
7. Roger Federer demonstrated his skills after Caroline Wozniacki accused the organizers with sexism in the second week of the Wimbledon Championships.
Meanwhile Hollywood’s portrayal of aliens as being humanoid has gained some well respected backing from evolutionary biologist Simon Conway Morris who last week claimed it was likely any extraterrestrials would look very similar to humans as the principles convergence gave rise to the same evolutionary development as man has enjoyed here on Earth. With isolated evolutionary structures coming to resemble themselves so it is now thought that the same variety of life will have reached domination on other planets as it has here.
Voters in Massachusetts rejected a question repealing a 2011 law that will bring three regional resort casinos and a slots parlor to the state.
Over the past few months, all eyes were on Massachusetts as local voters prepared for a referendum to repeal local gambling laws, which brought casino games and slot parlors to the state back in 2011. Newspapers said the vote would be “historic”, as it could have opened the door for a series of similar reactions, in other states with legal gambling.
Opponents argued that three casinos and a slots parlor would create thousands of jobs, boost the local economy and increase tax revenue. On the other hand, supporters of the repeal doubted that gambling companies would deliver their promises, but were convinced that allowing casinos would lead to more crime, addiction and other social ills.
Now that the referendum is over, casino developers got the green light to continue their projects. A slots parlor is already being built in Plainville, while MGM Resorts has planned a casino in Springfield and Wynn Resorts will build one in Everett.
Reuters: Law clearing way for Massachusetts casinos survives repeal vote
In a referendum held this Tuesday, Massachusetts voters upheld the 2011 law which allowed legal casino gambling in the state by voting down a referendum which aimed to repeal those regulations.
The battle was fought between anti-gambling activists, who argued that casinos would cause harm by increasing the number of problem gamblers. Crimes rates would also go up, they added, and the bad would outweigh the benefits of having new job openings.
On the other hand, pro-casino activists pointed out that neighboring Connecticut was already home to several large casinos, where Massachusetts gamblers play. Seeing how they spend their money there anyway, opening casinos in the state would mean all profits stay in Massachusetts, where they eventually return to the local community.
The state’s gaming commission has already handed out two of the three available casino licenses. One went to MGM Resorts International for a gambling venue in Springfield, and the other one was won by Wynn Resorts for a casino just outside Boston. The regulating body will soon rule on a third license, giving permission for a casino in the Cape Cod beach resort area.
Penn National Gaming hold the fourth license, but this one is for a slot machines-only facility on the Rhode Island border.
Boston.com: Mass. Voters Reject Casino Repeal; Expanded Gambling Will Stand
Casinos should still be allowed in Massachusetts, voters decided this week. The result was called by The Associated Press shortly before 10:20 p.m., when the counted ballots showed a 59.5% to 40.5% lead in favor of gambling in the state.
MGM’s Springfield proposal and Wynn Resort’s Everett plans were approved earlier this year. The gambling commission held off on the third license due to the referendum. The two casino developers will now have to pay an $85 million licensing fee, officially receive their licenses, and start building the venues.
Penn National Gaming had already received its license for the slot parlor, and then began construction without even slowing down when news got out that the law could be repealed. The venue is scheduled to open in mid-2015.
Once the venues open, state authorities get 49% of gambling revenues from the slots parlor and 25% of whatever profits casinos make. The third license has been delayed until next summer, but with the ballot issue now settled, the state regulator will probably pick off where it left and award it sooner.
The repeal was surrounded by controversy over the past few months, with anti-casino campaigners claiming the other side was trying to manipulate voters. But recent polls consistently showed locals did not plan to repeal the law.
Mass Live: Wording of ballot question repealing Massachusetts casino law could prove confusing in November
On the referendum held in Massachusetts in November, “no” means “yes” and “yes means “no”. Some fear the ballot question could confuse voters and cause them to approve the exact opposite of what they really want.
After Secretary of State William Galvin’s office released the official wording of the question regarding casino gambling in Massachusetts, campaigners noticed that a “no” vote would actually approve of the law which will bring three resort-style casinos to the state.
According to online gambling news, anti-casino activists first voiced their complaints in 2011, shortly after Gov. Deval Patrick signed the new gambling bill into law. But it wasn’t until 2013 that they managed to collect enough signatures to support their efforts with a ballot proposal.
Now the referendum is over and casino developers received the green light to start building their projects.
Voters in Massachusetts rejected a question repealing a 2011 law that will bring three regional resort casinos and a slots parlor to the state.
Over the past few months, all eyes were on Massachusetts as local voters prepared for a referendum to repeal local gambling laws, which brought casino games and slot parlors to the state back in 2011. Newspapers said the vote would be “historic”, as it could have opened the door for a series of similar reactions, in other states with legal gambling.
Opponents argued that three casinos and a slots parlor would create thousands of jobs, boost the local economy and increase tax revenue. On the other hand, supporters of the repeal doubted that gambling companies would deliver their promises, but were convinced that allowing casinos would lead to more crime, addiction and other social ills.
Now that the referendum is over, casino developers got the green light to continue their projects. A slots parlor is already being built in Plainville, while MGM Resorts has planned a casino in Springfield and Wynn Resorts will build one in Everett.
Reuters: Law clearing way for Massachusetts casinos survives repeal vote
In a referendum held this Tuesday, Massachusetts voters upheld the 2011 law which allowed legal casino gambling in the state by voting down a referendum which aimed to repeal those regulations.
The battle was fought between anti-gambling activists, who argued that casinos would cause harm by increasing the number of problem gamblers. Crimes rates would also go up, they added, and the bad would outweigh the benefits of having new job openings.
On the other hand, pro-casino activists pointed out that neighboring Connecticut was already home to several large casinos, where Massachusetts gamblers play. Seeing how they spend their money there anyway, opening casinos in the state would mean all profits stay in Massachusetts, where they eventually return to the local community.
The state’s gaming commission has already handed out two of the three available casino licenses. One went to MGM Resorts International for a gambling venue in Springfield, and the other one was won by Wynn Resorts for a casino just outside Boston. The regulating body will soon rule on a third license, giving permission for a casino in the Cape Cod beach resort area.
Penn National Gaming hold the fourth license, but this one is for a slot machines-only facility on the Rhode Island border.
Boston.com: Mass. Voters Reject Casino Repeal; Expanded Gambling Will Stand
Casinos should still be allowed in Massachusetts, voters decided this week. The result was called by The Associated Press shortly before 10:20 p.m., when the counted ballots showed a 59.5% to 40.5% lead in favor of gambling in the state.
MGM’s Springfield proposal and Wynn Resort’s Everett plans were approved earlier this year. The gambling commission held off on the third license due to the referendum. The two casino developers will now have to pay an $85 million licensing fee, officially receive their licenses, and start building the venues.
Penn National Gaming had already received its license for the slot parlor, and then began construction without even slowing down when news got out that the law could be repealed. The venue is scheduled to open in mid-2015.
Once the venues open, state authorities get 49% of gambling revenues from the slots parlor and 25% of whatever profits casinos make. The third license has been delayed until next summer, but with the ballot issue now settled, the state regulator will probably pick off where it left and award it sooner.
The repeal was surrounded by controversy over the past few months, with anti-casino campaigners claiming the other side was trying to manipulate voters. But recent polls consistently showed locals did not plan to repeal the law.
Mass Live: Wording of ballot question repealing Massachusetts casino law could prove confusing in November
On the referendum held in Massachusetts in November, “no” means “yes” and “yes means “no”. Some fear the ballot question could confuse voters and cause them to approve the exact opposite of what they really want.
After Secretary of State William Galvin’s office released the official wording of the question regarding casino gambling in Massachusetts, campaigners noticed that a “no” vote would actually approve of the law which will bring three resort-style casinos to the state.
According to online gambling news, anti-casino activists first voiced their complaints in 2011, shortly after Gov. Deval Patrick signed the new gambling bill into law. But it wasn’t until 2013 that they managed to collect enough signatures to support their efforts with a ballot proposal.
Now the referendum is over and casino developers received the green light to start building their projects.
17th to the 23rd of the month went fast and full: Scotland said ‘no’, choosing to stay in the UK, New York said ‘green’, marching for climate in record numbers, Milan said ‘wow’ hosting the Fashion Week. Europa League and Ryder Cup made fans say ‘I bet’ and Nintendo turned 125. What’s your saying on that?
Meanwhile, in the gambling sector we spotted great pieces of news as well. Check the week out in the following pictures!
A letter sent to the Directory of Social Change (DSC) announced that the UK Government refunded part of the Olympic Lottery Distribution Fund, GBP69 million to be more precise.
Before New Jersey players can legally enjoy the delights of betting, there are few more legal snags to take care of.
Ben Affleck admitted counting cards. The gambling tycoon from ‘Runner, runner’ either did a thorough research for the movie or he was ‘a natural’ for the part to begin with.
The Senet Group has become the watchdog of bookmakers in the UK, pledging to promote responsible gambling standards.
Europa League made its début with great matches and even greater betting opportunities, keeping fans connected for all the right reasons.
The ‘No, thanks’ campaign prevailed! After more than 300 years as part of United Kingdom, Scots vote ‘No’ in independence referendum, proving betting odds right.
Waiting for a ‘blue Sunday’ in Premier League! Odds and stats are keeping fans busy until then, when real football is set to steal the scene.
17th to the 23rd of the month went fast and full: Scotland said ‘no’, choosing to stay in the UK, New York said ‘green’, marching for climate in record numbers, Milan said ‘wow’ hosting the Fashion Week. Europa League and Ryder Cup made fans say ‘I bet’ and Nintendo turned 125. What’s your saying on that?
Meanwhile, in the gambling sector we spotted great pieces of news as well. Check the week out in the following pictures!
A letter sent to the Directory of Social Change (DSC) announced that the UK Government refunded part of the Olympic Lottery Distribution Fund, GBP69 million to be more precise.
Before New Jersey players can legally enjoy the delights of betting, there are few more legal snags to take care of.
Ben Affleck admitted counting cards. The gambling tycoon from ‘Runner, runner’ either did a thorough research for the movie or he was ‘a natural’ for the part to begin with.
The Senet Group has become the watchdog of bookmakers in the UK, pledging to promote responsible gambling standards.
Europa League made its début with great matches and even greater betting opportunities, keeping fans connected for all the right reasons.
The ‘No, thanks’ campaign prevailed! After more than 300 years as part of United Kingdom, Scots vote ‘No’ in independence referendum, proving betting odds right.
Waiting for a ‘blue Sunday’ in Premier League! Odds and stats are keeping fans busy until then, when real football is set to steal the scene.