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CalvinAyre.com
NEWSLETTER | JUN 03 2020
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NEWS OF THE DAY

Developer of The Drew in Vegas defaults on $2-billion loan

The Drew, the Las Vegas Strip casino that was previously going to be known as the Fontainebleau, was shunned for years after it shut down in 2009 due to bankruptcy. It appears the casino is about to meet the same fate as the Witkoff Group, which purchased the property from Carl Icahn in 2017, has defaulted on a loan worth $2 billion. The loan, secured at the beginning of this year, was provided from a variety of sources that included U.S. investment banks and two investment firms out of South Korea, Mirae, and NH Investments & Securities.

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RAFI'S MARKETS

Las Vegas Sands is now a pawn on a very dangerous chessboard

CalvinAyre.com’s Rafi Farber thinks that it makes sense that locking millions of people in their homes for two months would intensify riots once they break out for whatever reason. But it seems the anger is not just isolated in the US but also in the upper echelons of the most powerful governments in the world, and pawns in the middle like the Las Vegas Sands are getting hurt.

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FROM OUR FRIENDS AT COINGEEK

The story behind the OP_PUSH_TX technique

In this interview with Joshua Henslee, Steve Shadders explains OP_PUSH_TX technique and his involvement in this proof-of-concept.

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DAILY ROUNDUP

BUSINESS

California sports betting bill advances
but tribal gaming ops vow resistance

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POKER

WSOP Online Super Circuit Main
Event won for $1.27m top prize

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CASINO

Suncity takes majority control of
Russia’s Tigre de Cristal casino

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SPORTS

The NBA has drawn out a roadmap
to complete the season

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