Sometimes the best way to make money is when most people
say you are wrong and nuts.
—Carl Icahn
6th March 2018  
 
  INVITE FRIENDS!
 
 
 
The Story

The UK-based betting operator is saying goodbye to another key executive.

 

Four executives and counting.

Alex Gersh, Paddy Power Betfair’s chief financial officer, has notified the board of directors that he will be leaving the company “once a successor has been appointed.” Gersh joined the company in 2012 and was instrumental in revamping Betfair’s corporate strategy and its eventual merger with Paddy Power. With his departure, the number of officials who left the group this year has risen to four. The list includes former CEO Breon Corcoran, Sportsbet’s Cormac Barry, and Paddy Power Chief Marketing Officer Johnny Devitt.

 
 
 
 
 
 
 
 
 

Gambling and the Law: SCOTUS in the PASPA sausage factory

Professor I Nelson Rose breaks down the circumstances that surround PASPA's case before the U.S. Supreme Court.

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2 major crypto exchanges in India forced to close

Think India is warming up to the idea of cryptocurrency trading? Think again. Btcxindia and Ethexindia were forced to suspend operations amid mounting government pressure to regulate cryptocurrencies.

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  ASIA
City of Dreams lifts Belle Corp’s 2017 bottom line to $67.5M

Increased income from the City of Dreams casino in Manila has helped buoyed the consolidated net income of Belle Corp. for 2017.

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  AUSTRALIA
Crown Resorts license on thin ice amid pokies tampering probe

The James Packer-led company will be subjected to a disciplinary proceeding at the Victorian Commission for Gambling and Liquor Regulation for supposedly tampering its poker machines.

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2018 Aussie Millions success confirms series ’position as tourney leader

The recently concluded 2018 Aussie Millions tournament has proven that it is the most prestigious 00 prestigious series of tournaments in the southern hemisphere.

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  NORTH AMERICA
NBA’s 1% demand of sports bets could doom the industry before it gets going

Twitter’s VP for Analytics Jeff Ma has offered a better alternative on the 1% demand of the two biggest sports league in the U.S. on all wagers.

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Chinese contractors owe Saipan workers $13.9M in settlements

Labor authorities in the United States have ordered four contractors to pay their workers a total of $13.9 million in back wages and damages for building the Imperial Pacific Resort.

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  WORD OF THE DAY
 

Geofencing—This refers to a form of location-based marketing where you set a virtual boundary to target people in your area. Companies can maximize this by targeting people near the business and draw them in with a special promotion.

 
 
 
 
 
 
 

Legendary football coach José Mourinho joins RT’S 2018 World Cup coverage

The famous football coach will be joining RT for the Russia 2018 World Cup where he will bring his unique insights and experience to the coverage.

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Calling all poker enthusiasts! The nominations for theWomen in Poker Hall of Fame Class of 2018 are open to the general public! CalvinAyre.com’s Lee Davy already has his four picks. Get to know more about them here.

 
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