World Cup 2014 Circus: Suarez Loses 888, While Neymar Briefs
The Bite Heard Round the World cost Luis Suarez his World Cup and his 888poker sponsorship this week, but 888 may need certainly to 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 ties that are officially cutting the Uruguayan striker. Following a four-month playing ban by FIFA that effectively stops his World Cup play, Suarez must now face the sobering reality that he bit down more than he could chew this time around, career-wise.
It was just last month that 888 signed the, um, colorful character that is Suarez to its ambassador program, and even then, it appeared to be a shaky bet on the part of the online poker giant; most likely, this wasn’t exactly the first, or second, or third (you get the concept) time that Suarez sank his teeth into an extremely idea that is bad.
‘888poker finalized Luis Suárez adhering to a season that is fantastic which his achievements were widely recognised,’ said the organization in a formally issued declaration. ‘Regrettably, following their actions during Uruguay’s World Cup match against Italy on Tuesday, 888poker has decided to terminate Luis Suárez to its relationship with immediate effect.’
Just in case you are now living in a bubble and haven’t heard the gory details, the FIFA ban and 888 shunning follow a much-publicized dental assault on Italian player Giorgio Chiellini throughout the pair’s match between Uruguay and Italy as the last Group D showdown last week. Italy had been later knocked out by South America, making it a day that is doubly bad Chiellini.
Is it just us or is 888.com the winner that is big all of this? By becoming the firstly Suarez’s sponsors to officially abandon him on the incident, they just about got a mention in every newspaper and news website in THE WORLD that is WHOLE. Method to make lemonade out of lemons, 888. That bite appears to have left you with lots of zest. (Sorry, we have been for a pun-athon right now and cannot be stopped).
Talking about branding, the entire world Cup is a maelstrom of business sponsorship and also the rules are exceedingly strict on brands, which is why FIFA has launched a very investigation that is serious Neymar’s underpants. It seems 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 week that is last.
Now, Speedo, whilst it does makes very nice underwear, is not a licensed FIFA brand name and herein lies the situation.
In the middle associated with the slot pokies lightning link investigation is whether Neymar purposefully exposed the Speedo logo on his underwear or whether it was pure accident that the offending articles had ridden up slightly above his shorts (it happens!). We have no idea how they propose to determine this.
Were Neymar’s underpants illegal, and, if so, should he have to remove them? Maybe he should really be prohibited for life. We will make sure to enable you to get updates from the research as it progresses.
The Big Payoff
Once we also reported within our earlier tale, some clever bettors made bank on the top Bite Theory before it just happened; we now have more details on how that all played out.
In fact, important news reaches us from Sweden, where bookies have paid just below 1,400 kroner ($2,070) to 1 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 teacher that is 23-year-old Stenungsund, placed the 80 kroner ($12) bet at probability of 174 to 1, plus the Uruguayan duly obliged by attaching their gleaming dentition to the neck of Chiellini during the Uruguay Italy game, before rolling on the ground feigning injury to his fangs. It appears that over a 150 people across Europe have actually won cash on similar bets.
‘ I was looking through some odds before the tournament started and I also saw this bet and thought I had to have a opportunity,’ Jonathan told the BBC. ‘I wanted to place hundreds but my buddy told me not to waste my money on such a stupid thing.’
But we nevertheless say 888 will be laughing all the real way to the bank on this one. After all, Suarez has pretty much given them a life time’s publicity in one mad, hellish, impulsive moment. And they are doingn’t need to pay him anymore.
Caesars Showboat Closing Down in Atlantic City
Despite being a lucrative casino, the Atlantic City casino market is saturated, therefore the Showboat is being sacrificed to free some room up within the market, owner Caesars Entertainment states. (Image: cityatlantic.com)
In a city 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 worst performance 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, revenue 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 towards the difficult but necessary decision to shut Showboat.
‘We sincerely appreciate the service, dedication and professionalism shown by the employees of the Showboat over the years to give our customers with incredible experiences,’ Loveman added.
Showboat Causes Three
It’s been a tough year for New Jersey’s beachside resort and its gambling enterprises; in January, the iconic Atlantic Club shut after several purchasing 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 within the near future.
For the city’s casino workers, this latest news, and in addition, failed to stay well.
‘I’m heartbroken and crazy, too upset to respond in a way that is effective’ said Local 54 Unite-HERE casino worker’s union president Bob MCDevitt. When Caesars announced its want to present Showboat employees with warning pink slips week that is late last McDevitt minced no words, claiming the casino was certainly profitable and calling the potential closure ‘criminal.’
Loveman says Caesars can help the Showboat’s 2,100 casino workers find new jobs with other company 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 his reaction to the power down announcement.
‘ I’m partnering aided by the businesses that stay in Atlantic City. I am sorry that the Showboat is shutting down,’ the mayor said.
The consensus seems to be that we now have simply casinos that are too many Atlantic City; that the market 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 into the mid-noughties, has now supplanted its neighbor because the second casino gaming market that is biggest in the US, after Nevada. Nj has lost 40 % of its revenue since 2006.
Meanwhile, the expansion of casino gambling in ny State will hit brand New Jersey also harder, with 12 percent of New Jersey gamblers saying, in a present survey, that they will just take their company to ny after the new casinos open there. Caesars, which shut down Harrahs Tunica the month, had hinted at a closure that is possible Atlantic City, too. The casino is being sacrificed in order to free up a little room in the market, including Caesars’ own three other Atlantic City casinos despite the fact that the Showboat is profitable, unlike Revel and the Atlantic Club.
Although it’s true that the Showboat ended up being still in the black for Q1 of 2014, its books showed a drastic drop from the same time frame 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 of 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 timeframe year that is last.
The Mardi Gras-themed Showboat exposed 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 expenses. Bally’s, by comparison, is far more expensive to run and showed a loss in $1.6 million over the same duration.
The casino is expected to keep open and running through to the 31 shutdown, after which time gamblers will be helped with moving to other city properties, according the Loveman august.
IRS Steps Up Research of Macau Casinos
The IRS has allegedly joined up with an investigation into the movement 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. Whilst the growth of Macau casinos has slowed, revenues carry on to rise, with the enclave’s gaming take arriving at $45.2 billion. But some fear that this cash isn’t just being played around with in the gambling enterprises, and so it’s possible that some money could find its way 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 collect home elevators just what casino that is american-owned there had been doing with their money. A Reuters report quoted anonymous sources who say that IRS special representative Adam Steiner unveiled the Macau investigation at a Las Vegas anti-money laundering conference early in the day this month, during a portion regarding the conference when the media was banned from the room.
Treasury Department Casino that is already watching Funds
It’s not surprising that the US government has had an interest in the incredible sums of money that are being funneled through Macau resorts and casinos. The Treasury Department had been already keeping tabs that are close the money movement into and out of gambling enterprises here. Officials from that department were worried that funds of debateable origin could possibly be flowing from Macau to Las Vegas, and that casinos might not have the controls in position to detect suspicious deposits and transfers.
The latest investigation had been allegedly conducted by the IRS Criminal Investigation unit. It is unclear exactly what the check out to Macau had been, though some have speculated that it might are a right element of an audit procedure for transactions from Macau to US casinos. Privacy laws and regulations in Macau may have made it difficult for agents to have access to information that is important the United States.
In particular, concerns happen raised on the funds that come in from junket operators who help organize financing and travel for high-rollers in Macau casinos.
Casinos Asked to Take Precautions
Based on sources who had been apparently within the space during the time of his talk, Steiner warned those in attendance that it had been essential for casinos to really have the proper controls in spot to notice suspicious cash motion, and for there to be potential civil or criminal penalties if gambling enterprises failed to put them into spot.
These issues could help explain changes in policy that temporarily threw players for a loop at this year’s World Series of Poker while there may not be a direct connection. Numerous players had been outraged to discover that they might need a piece that is second of to verify their addresses, though this is later clarified as a request that would save your self time on future verification paperwork.
‘This policy is because federal demands for licensed casinos to use all reasonable efforts to have a permanent target of its customers, 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 major casino businesses operating in Macau such as Las Vegas Sands, Wynn Resorts and MGM Resorts Overseas declined to discuss the report.
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