Pennsylvania Casino Industry Posts Record Revenues

Pennsylvania Casino Industry Posts Record Revenues

Sands Bethlehem, which grabbed the lion’s share of Pennsylvania’s record table game haul, but missed out overall to its closest rival, Parx Casino.

Pennsylvania’s casinos reported the best results in their history that is nine-year for 12 months ending June 30, 2016. According to the Pennsylvania Gaming Control Board, income from slots and table games topped $3.2 billion for the period, toppling the previous record by $86 million. Table games revenue alone ended up being $839 million, up almost 8 per cent on last 12 months.

Sheldon Adelson’s Sands Bethlehem may be the biggest casino in the state and, not surprisingly, it took the lion’s share of table games income, some $228.1 million, up 12.4 percent year-on-year, and https://rubetting.club dwarfing its closest competitor, Parx Casino, which took $155 million.

Rogue Chip Smuggler

Sands achieved this impressive figure, incidentally, inspite of the revelation that one of the casino’s dining table game supervisors ended up being charged today with removing high-domination chips through the casino secreted inside her bra.

Local woman Brandy Micheli-Cheatham, 44, ended up being spotted by eagle-eyed security staff stuffing six chips that are purple each worth $500, into her underclothing. She admitted to the crime after being apprehended by casino staff that has initially figured she was just happy to see them.

Despite all the exciting interruptions down at the Sands, Adelson’s joint was not the s Continue Reading

Donald Trump Campaign Hires Nevada Sands Relative Michael Abboud as Communications Coordinator

Donald Trump Campaign Hires Nevada Sands Relative Michael Abboud as Communications Coordinator

Donald Trump is expanding his campaign staff, and one hire that is key Michael Abboud, nephew of Las Vegas Sands executive Andy Abboud. (Image: Drew Angerer/Getty Images)

Donald Trump is planning his campaign for the final stage in winning the White House in November over Hillary Clinton. This week the Republican nominee announced the hiring of three key roles, and probably the most notable revelation to the gambling community is the employing of Michael Abboud.

Abboud is the nephew of Andy Abboud, the Las Vegas Sands vice that is senior of government relations and community development. Las vegas Sands is owned by billionaire Sheldon Adelson that has pledged $100 million to Trump’s efforts.

In line with the Trump campaign, Abboud will ‘execute the campaign’s rapid response and day-to-day texting.’ The 26-year-old will additionally provide Trump with briefings and breaking news tales.

‘As we continue to work to defeat Hillary Clinton this November, I have always been constantly building a superior political team,’ Trump said in a declaration. ‘We are taking our communications to your people so that we can again make American Great.’

Scratch My Back, Scratch Yours

Adelson is one of the staunchest supporters of the GOP. While the billionaire has historically spread his donations across Republican prospects, in 2016 he’s going all-in with Trump.

Along with being certainly one of the R Continue Reading

Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen

Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen

A hacker removed $50 million in Ether through the Decentralized Autonomous Organization, plunging investors into a panic, however some argue that no theft has occurred.

Ether, the currency that is digital was billed while the ‘next’ bitcoin, plunged in value on Friday when a hacker exploited a software flaw within the Decentralized Autonomous Organization (DAO), delivering very same of $50 million Ether into the ether and the cryptocurrency investment community into a panic.

If this sounds bewildering, we’ll you will need to explain.

Ether is the money supported by the Ethereum blockchain, a platform designed to provide greater flexibility for decentralized peer-to-peer-traded currencies than projects developed on the top regarding the bitcoin protocol. Ethereum permits the creation of ‘smart agreements,’ which enables all forms of business deals and not just currency transfers.

The DAO is an organization that is completely leaderless on the Ethereum platform and run completely on computer code. It makes use of these smart contracts to construct an investment capital fund devoted to sponsoring cryptocurrency that is new. All DAO decisions are taken via a vote of its members who use electronic tokens, purchased with Ether, to register their vote. In this way, DAO had raised $162 million to greatly help investment fledgling projects.

Remain Calm

But DAO people watched in horror, in real-time, on Friday, as Continue Reading