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World Cup 2014 Circus: Suarez Loses 888, While Neymar Briefs

The Heard that is bite Round World cost Luis Suarez his World Cup and his 888poker sponsorship this week, but 888 may should thank the toothy Uruguayan into the end. (Image: bbc.com)

It’s all over but the shouting: as we reported earlier this week, the Bite That Rocked the World Cup, aka Luis Suarez loses his mind, now has 888poker officially cutting ties with the Uruguayan striker. Following a four-month playing ban by FIFA that effectively finishes his World Cup play, Suarez must now face the sobering reality that he bit down more than he could chew this time, career-wise.

It was only last month that 888 signed the, um, colorful character that is Suarez to its ambassador program, and even then, it appeared as if a shaky bet on the component of the online poker giant; after all, this had beenn’t precisely the first, or second, or third (you get the idea) time that Suarez sank his teeth into a really bad concept.

‘888poker finalized Luis Suárez adhering to a season that is fantastic which his achievements had been widely recognised,’ said the business in an officially issued declaration. ‘Regrettably, following their actions during Uruguay’s World Cup match against Italy on Tuesday, 888poker has determined to terminate Luis Suárez to its relationship with immediate effect.’

In case you live in a bubble and haven’t heard the gory details, the FIFA ban and 888 shunning have a much-publicized dental assault on Italian player Giorgio Chiellini through the pair’s complement between Uruguay and Italy as the final Group D showdown the other day. Italy had been later knocked out by South America, making it a day that is doubly bad Chiellini.

Can it be just us or is 888.com the big winner in all of this? By becoming the first of Suarez’s sponsors to officially abandon him within the incident, they basically got a mention in every magazine and news website in THE WORLD that is WHOLE. Solution to make lemonade away from lemons, 888. That bite seems to have left you with lots of zest. (Sorry, our company is on a pun-athon at this time and cannot be stopped).

Brief Encounter

Talking about branding, the entire world Cup is a maelstrom of corporate sponsorship as well as the rules are exceedingly strict on brands, which is why FIFA has launched a very investigation that is serious Neymar’s underpants. It appears that the little Brazilian playmaker with the dazzling feet and toilet brush hairdo ended up being seen putting on Speedo underwear through the customary post-match exchange of shirts when Brazil played Cameroon last week.

Now, Speedo, although it does makes very nice underwear, is not a licensed FIFA brand name and herein lies the situation.

In the centre of the investigation is whether Neymar purposefully exposed the Speedo logo on their underwear or it happens!) whether it was pure accident that the offending articles had ridden up slightly above his shorts (. How they propose to find out this we now have no idea.

Were Neymar’s underpants unlawful, and, if so, should he need to remove them? Possibly he should be banned for life. We are going to make sure to enable you to get updates from the research as it progresses.

The payoff that is big

Once we also reported within our earlier story, some clever bettors made bank on the top Bite Theory before it just happened; we’ve more details on how that all played out.

In fact, important news reaches us from Sweden, where bookies have settled just below 1,400 kroner ($2,070) to at least one prescient punter who predicted that Luis Suarez would sink his Bee Gee-like ivories into the soft, tempting flesh of a opponent at the 2014 World Cup.

Jonathan Brack, a 23-year-old teacher from Stenungsund, placed the 80 kroner ($12) bet at likelihood of 174 to 1, and the Uruguayan duly obliged by attaching their gleaming dentition towards the neck of Chiellini through the Uruguay Italy game, before rolling on the ground feigning injury to his fangs. It seems that over a 150 individuals across Europe have won cash on similar wagers.

‘ I happened to be looking through some odds prior to the tournament started and I also saw this bet and thought I had to have a opportunity,’ Jonathan told the BBC. ‘I desired to place hundreds but my buddy told me perhaps not to waste my money on such a stupid thing.’

But we nevertheless say 888 will be laughing all the way to the bank on this one. After all, Suarez has pretty much given them a life time’s promotion in one mad, hellish, impulsive moment. And they are doingn’t need certainly to pay him anymore.

Caesars Showboat Closing Down in Atlantic City

Despite being a profitable casino, the Atlantic City casino market is saturated, while the Showboat has been sacrificed to free up some room within the market, owner Caesars Entertainment states. (Image: cityatlantic.com)

In a town that appears to be hit by worse storms that are financial even Sandy, Atlantic City is seeing yet another land casino hit a reef: Caesars Showboat has announced it will formally close on August 31. According to Caesars Entertainment, the Showboat is showing the performance that is worst of its four Atlantic City casino entities, and as such, its demise is imminent.

‘we believe this is a necessary step to help stabilize our business in Atlantic City and support the viability of our remaining operations in the vicinity,’ said Caesars CEO Gary Loveman in an issued statement while we regret the impact that this decision will have on our Showboat associates. ‘ Since 2006, income in Atlantic City has declined by more than $3 billion and competition in the city has increased. The powerful in Atlantic City has led us to your difficult but decision that is necessary shut Showboat.

‘We sincerely appreciate the solution, dedication and professionalism shown by the employees of the Showboat over time to offer our customers with incredible experiences,’ Loveman added.

Showboat Makes Three

It is been a difficult year for New Jersey’s beachside resort as well as its gambling enterprises; in January, the iconic Atlantic Club shut after several buying attempts went south, and just this month, the once-much-touted Revel announced official bankruptcy proceedings with the very real possibility that it, too, may close, if no buyer steps up into the future that is near.

For the city’s casino workers, this news that is latest, needless to say, would not lightning link slot machine online sit well.

‘I’m heartbroken and crazy, too angry to respond in an way that is effective’ said Local 54 Unite-HERE casino worker’s union president Bob MCDevitt. When Caesars announced its intend to provide Showboat employees with warning red slips late the other day, McDevitt minced no words, claiming the casino was indeed lucrative and calling the potential closure ‘criminal.’

Loveman says Caesars helps the Showboat’s 2,100 casino workers find new jobs with other business properties, either in Atlantic City or in other cities that are US the conglomerate runs business.

Atlantic City mayor Don Guardian was a tad more neutral in their a reaction to the power down announcement.

‘ I’m partnering with the continuing companies that stay in Atlantic City. I’m very sorry that the Showboat is shutting down,’ the mayor said.

Saturated Market

The consensus seems to be there are simply casinos that are too many Atlantic City; that industry is over saturated and unsustainable, and that it’s being damaged further by competition from gambling enterprises in neighboring states. Pennsylvania, which introduced legal casino gambling within the mid-noughties, has now supplanted its neighbor since the second biggest casino video gaming market in the United States, after Nevada. New Jersey has lost 40 % of its revenue since 2006.

Meanwhile, the expansion of casino gambling in New York State will hit New Jersey also harder, with 12 percent of New Jersey gamblers saying, in a current survey, that they will just take their company to ny after the brand new casinos open there. Caesars, which shut down Harrahs Tunica the month, had hinted at a closure that is possible Atlantic City, too. Even though the Showboat is profitable, unlike Revel and the Atlantic Club, the casino has been sacrificed to be able to free up a small room on the market, including Caesars’ own three other Atlantic City casinos.

Whilst it’s true that the Showboat ended up being still in the black for Q1 of 2014, its books showed an extreme drop from the same time period last year. This year’s equivalent time period only showed a just-under $2 million profit level while first quarter 2013 brought in some $8.5 million in gross operating profits. Moreover, out regarding the town’s 11 existing casino properties, Showboat came in at Number Seven in profitability, having a $66.2 million take so far this year; that’s a 16 percent nosedive from the same schedule this past year.

The Mardi Gras-themed Showboat launched in 1987 and was purchased by Caesars in 1998. It’s the tiniest of Caesars’ Atlantic City properties with regards to net income, but it addittionally has relatively low operating costs. Bally’s, by comparison, is far more costly to run and showed a loss in $1.6 million over the same duration.

The casino is anticipated to stay available and running through towards the August 31 shutdown, after which time gamblers are contributed to going with other city properties, according the Loveman.

IRS Steps Up Investigation of Macau Gambling Enterprises

The IRS has allegedly joined an investigation to the flow of funds from American company-owned Macau casinos. (Image: tripadvisor.com)

The amount of money that is passed around in a single day in Macau would boggle most minds. As the growth of Macau casinos has slowed, revenues continue to rise, with the enclave’s gaming take coming in at $45.2 billion. But some fear that this money isn’t just being played around with in the gambling enterprises, and it’s possible that some dough could find its method into the tactile hands of criminals or hidden from governments.

That is why agents from the united states of america Internal Revenue Service (IRS) reportedly traveled to Macau in might in order to gather information on what American-owned casino operations there had been doing with their money. A Reuters report quoted anonymous sources who state that IRS agent that is special Steiner unveiled the Macau investigation at a Las Vegas anti-money laundering conference earlier in the day this month, during a percentage for the conference where the media was barred from the space.

Treasury Department Casino that is already watching Funds

It’s no surprise that the US government has brought an interest in the incredible sums of money that are being funneled through Macau resorts and casinos. The Treasury Department had already been maintaining close tabs on the money flow into and out of casinos here. Officials from that department were worried that funds of dubious origin could be flowing from Macau to Las vegas, nevada, and that casinos may not have the controls in position to detect deposits that are suspicious transfers.

The latest investigation was allegedly carried out by the IRS Criminal Investigation unit. It is unclear what the visit to Macau ended up being, though some have speculated that it may were a right part of a review procedure for transactions from Macau to US casinos. Privacy laws in Macau could have made it burdensome for agents getting access to important info from the usa.

In specific, concerns have already been raised within the funds that come in from junket operators whom help arrange travel and financing for high-rollers in Macau casinos.

Casinos Asked to Take Precautions

According to sources who were apparently in the space during the time of his talk, Steiner warned those in attendance that it had been important for casinos to truly have the proper controls in place to notice suspicious cash movement, and for there to be potential civil or criminal penalties if gambling enterprises failed to put them into destination.

While there may well not be described as a direct connection, these problems could help explain alterations in policy that temporarily threw players for a loop at this year’s World variety of Poker. Numerous players had been outraged to discover that they might require a second piece of recognition to verify their addresses, though this is later clarified as being a request that would conserve time on future verification paperwork.

‘This policy is because of federal requirements for licensed casinos to use all reasonable efforts to acquire a permanent target of its clients, perhaps not an 11th hour shift by the WSOP,’ World Series of Poker Executive Director Ty Stewart said in a statement month that is last.

According to Reuters, both the IRS and casino that is major operating in Macau such as for instance Las Vegas Sands, Wynn Resorts and MGM Resorts Global declined to comment on the report.

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