Donald Trump and Steve Wynn haven’t always been top of buddies, to say minimal. But the two men are now actually reportedly working together on a task far larger than a casino in Atlantic City or Las Vegas.
Former casino owner Donald Trump is friendly with once-antagonistic Steve Wynn in recent years, adhering to a decades-long rivalry in the gaming industry that started in Atlantic City.
According to a report by the FOX Business Network, Wynn has joined the Trump presidential campaign as an unofficial adviser, giving counsel to one of his former rivals within the casino industry. The network was able to confirm with people close to both men that the two had been in discussion in regards to the presidential campaign on several occasions.
Wynn Said to Be Talking to candidates that are many
Some close to Wynn have suggested that these conversations might not be quite as notable as they might have been made out to be. According to spokesperson Michael Weaver, Wynn has been conversing with number of presidential candidates, and is happy to share their thoughts with all of them.
‘He [Wynn] and Mr. Trump have known each other socially for several years,’ Weaver told FOX Business. ‘His conversations with Mr. Trump haven’t been much different than his conversations because of the other candidates.’
That said, it is possible that Wynn has already had at least one quantifiable effect on the Trump campaign. On Thursday, Trump signed a loyalty pledge, vowing to not run as a candidate that is third-party he perhaps not win the Republican nomination for president.
According to Weaver, this decision was one supported by Wynn.
‘I’m aware he suggested to Mr. Trump that the run that is third-party be unwise,’ Weaver said.
The Trump camp also suggested that these conversations were absolutely nothing uncommon for the 2 men, who’ve understood each other in the business world for decades.
‘They have been friends for 30 years and they’ve always had a relationship that is great’ Trump representative Hope Hicks told FOX Business.
Trump, Wynn Sparred in Atlantic City
That statement may be painting a rosier picture of the connection between the two guys within the years than actual evidence indicates. In specific, they feuded in Atlantic City during the 1990s, as Wynn started to gain a foothold in market that had previously been largely controlled myfreepokies.com by Trump.
‘Donald was the dominant casino owner in Atlantic City and was not keen on having Steve Wynn coming into his sandbox,’ Richard Bronson, author of War at the Shore, said in 2012. ‘There was some blood that is bad off. Often whenever you get into a big fight, the battle gets larger than the initial issue also it got personal.’
But things have changed over time, and also Bronson acknowledged that by 2012, Wynn and Trump had become friendly.
‘One of the great qualities Steve and Donald share: whenever they’re in a war, they’ll fight like you’ve never ever seen,’ Bronson stated. ‘But when it is over, it’s over.’
The two are likely to have some heated conversations over one of the key issues in Trump’s campaign message: immigration reform if Wynn truly has joined on as an adviser to Trump, even in an unofficial capacity. While the Donald has brought a difficult line on deporting illegal immigrants and creating a wall in the US-Mexico border, Wynn is not so enamored with that concept.
Bwin.party Goes to GVC Holdings, 888 Throws in the Towel
Bwin.party Chairman Philip Yea is naturally all smiles, given that a deal with acquirer GVC Holdings is finally wrapping up. (Image: Ben Gurr/thetimes.co.uk)
Bwin.party has accepted a ring, and it is a honker. At long last, suitor GVC Holdings has won the heart of bwin.party with a $1.6 billion bid. Long-time competing 888 Holdings says it is no longer prepared to contest the outcome, and has walked away.
888 officially threw into the towel on Friday, stating that it would not attempt to sweeten an improved, undisclosed offer submitted to the bwin board on the weekend. Instead, it could give up pursuit and remain focused on increasing its shareholder value through growth strategies.
‘The 888 board has figured, due to unique extensive research on bwin.party, it cannot see sufficient value in bwin.party to warrant a revision to its offer,’ browse the declaration.
The board that is bwin now accepted the GVC offer and recommended its adoption to its shareholders, according to bwin chairman Philip Yea. That put an end to an eight-month-long battle of bid and counterbid between the two gaming that is online.
‘This has been a long and necessarily protracted process,’ said Yea in a conference call today. ‘ We were balancing some very points that are fine the margin.’
Yea said that the board had polled company shareholders over the course of the week and discovered opinion become evenly split between the two provides. However, a group that is significant of were ready to help the board in their preference for GVC.
‘On that basis, you cannot please all the shareholders so we hope because it is in these circumstances that you need the board to show leadership,’ he said that they will support us.
Yea added that finally the GVC bid was favored not only as it did with Sportingbet in 2013 because it was higher, but also because the company has a strong record of integrating acquisitions. GVC is also targeting higher annual cost savings of $140 million compared with $78m that had been projected by the 888 offer.
888 Desired Player Migration
888 had wanted to migrate bwin’s customers to its own software platform, a fact that had concerned the board that is bwin. The company had experienced difficulties of integration and player migration following its merger with Party Gaming in 2011, which further added to its doubt to go down that road once again.
‘It has been a long drawn out procedure,’ Kenny Alexander, GVC CEO told the Financial Times. ‘I knew that they had to raise their price, but when I heard rumors that people were still ahead I was extremely confident.
‘I thought it was a level playing field after we took away the complexities [of the Amaya bid] and satisfied their concerns. I thought the bigger price would win.’
But it’s maybe not all chocolate and roses at the engagement celebration. CEO Yea has currently warned that there will be some staff cuts towards the newly combined company.
Everyday Fantasy Sports Illegal in Michigan, States Regulator
State Senator Curtis Hertel (D-District 23), whose SB 459 bill seeks to have fantasy activities legally declared a game title of skill in Michigan. (Image: linkedin.com)
Daily Fantasy Sports is ‘illegal under current Michigan law,’ based on Rick Kalm, executive director of Michigan Gaming Control Board (MGCB), the state gambling regulator.
The opinion, offered to Gambling Compliance this week, recommends that those offering and participating in DFS for real cash are currently violating the law, despite a new push to legalize a training which will be enjoyed with a vast number of Michiganders.
‘Over the next couple of weeks an estimated 1 million citizens, myself included, will be gathering to draft their fantasy soccer teams,’ declared State Senator Curtis Hertel (D-District 23), as he introduced a bill week that is last seeks to have DFS declared a legal game of skill.
‘Unfortunately Michigan law currently has no legal protection for citizens participating in fantasy sports. For this reason today i’ve introduced Senate Bill 459, a bill which will amend the Michigan penal code to specify fantasy sports as a game title of skill, legalizing fantasy leagues in Michigan,’ he added.
The regulator’s comments, however, have caused consternation that is enough the Fantasy Sports Trade Association that it immediately hired a lobbyist to fight its cause into the state.
But Michigan DFS fans should not run for the hills at this time. The Michigan attorney general’s workplace has so far made no effort to focus on DFS in hawaii, and meanwhile, the state that is current of in Michigan closely mirrors that of Kansas, which has since fully legalized the game.
Last summer the Kansas Racing and Gaming Commission (KRGC) was asked to give a ruling that is definitive the legality of fantasy recreations. KRGC duly judged that fantasy sports leagues were predominantly luck-based, and therefore illegal.
‘then all three elements of an illegal lottery are satisfied,’ concluded KRGC if a fantasy sports league has a buy-in (no matter what it is called) … and gives a prize.
This stance has since been successfully challenged, allowing for the passage of HB 2155, which legalized the game in May.
‘Our conclusion is bolstered by the fact that the UIGEA also specifically excludes fantasy sports leagues from the definition that is federal of,’ stated Kansas Attorney General Derek Schmidt. ‘Under federal law, Congress has determined that fantasy sports leagues are games of skill.’
Fantasy sports is exempt from the Unlawful Internet Gaming Enforcement Act 2006 because powerful lobbyists for the recreations leagues had been able to persuade the government that it was ‘not gambling,’ although, of program, DFS as we know it today did not exist in 2006.
Thus, UIGEA actually leaves it to states that are individual decide whether the games are appropriate. Presently only five states, Arizona, Louisiana, Montana and Washington, completely deny their citizens use of DFS.