In order to succeed, we must first believe that we can.
Nikos Kazantzakis
30th August 2017  
The Story

Billionaire Carl Icahn was able to mine gold from the still unfinished Fontainebleau casino-hotel in Las Vegas after he was able to unload it for more than four times of what he paid for it seven years ago.


Icahn was able to score the property after being hit by the 2008 recession.

The billionaire investor sold the Fontainebleau for $600m to an affiliate of development and investment firm The Witkoff Group LLC, and New Valley LLC, the real estate arm of Florida-based holding company the Vector Group. His group previously bought the Fontainebleau in February 2010 for $148m.


He was able to score an impressive $457m profit.

Icahn called the $457m profit as “an example of our ‘contrarian’ modus operandi,” the aim of which is to seek out distressed properties, add a coat of paint and some new shingles, “and ultimately sell them for large gains.”


But not everything that Icahn touched turned to gold.

The Fontainebleau deal certainly looks better than Icahn’s sale of the Trump Taj Mahal casino in Atlantic City. Icahn’s cash injections in the Trump Taj Mahal were not enough for him to keep the property.



Icahn sure scored a great deal on the Fontainebleau and with the property now off his hands, the new owners will now be able to unlock its potential along with the other casinos in the Vegas Strip. 


David James on his life after football

In this interview with Becky Liggero, former football star David James shares his passions in life after football.

VIP sector to fuel Macau gambling rebound: Morgan Stanley

Macau will temporarily rely on the VIP sector to help China’s special administrative region have a rebound on its gross gaming revenue according to analysts.

Japanese bitcoin exchange bitFlyer sets foot on US soil

The Tokyo-based cryptocurrency exchange bitFlyer has announced that it is eyeing to start its operations in the U.S. by the fall of 2017.

Florida goes after cardrooms’ designated-player games

Pensacola Greyhound Racing and the Sarasota Kennel Club were slapped with administrative complaints for continuing to offer house-banked card games in their cardrooms.


The new Sarahah app, which allows users to send messages to friends anonymously, has been downloaded by more than 18 million users on both Android and iOS. However, security experts warned that the app immediately harvests and uploads all phone numbers and email addresses in your address book. The company said that the contacts will be used for a still unreleased feature.


Consider developing a team of brand ambassadors that can boost your business. If these ambassadors can appeal to a wide range of customers – without breaking the bank – then you’ll have another powerful marketing tool at your disposal.


Broad LeoVegas – German Handball Bundesliga tie-up brokered by Sportradar

Sportradar has enabled the partnership between German Handball Bundesliga (HBL) and Swedish gaming operator—a collaboration that is set to bring heightened income and visibility for one of the top handball leagues in Europe.  


Congratulations to Manuel Wladdimiro for being named as the Sales Manager for Central America and the Caribbean of Win Systems. Wladdimiro is expected to target new casino operators and develop existing partnerships of Win Systems in the said region. Before joining Win Systems, he was the Sales Manager of WMS.

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