Posts Tagged ‘Israel’

August 6, 2012

Investors Weary of Adelson’s Romney-Love

Focus on politics coincides with downgraded LV Sands stock

A few days after Las Vegas Sands Corp. disappointed investors with quarterly earnings declines that sent the company’s share price tumbling and had analysts breaking out in a cold sweat, Chairman and CEO Sheldon Adelson jetted to Israel to watch presumptive Republican presidential nominee Mitt Romney deliver a speech in Jerusalem.

“It was a great speech. Loved it,” Adelson told Bloomberg News.

In Israel, he was treated like a rock star. Adelson, 78, was swarmed by Israeli citizens, Romney donors, and the press as he slowly made his way to his wheelchair after the speech.

Back in the U.S., Argus Research downgraded its view of Las Vegas Sands stock. The firm placed a Hold recommendation on the shares, a change from its previous Buy rating.

The weaker outlook reflected Argus’ concerns that revenues and profits from Las Vegas Sands’ four Macau casino developments were in trouble. During the quarter, net income from Macau declined 40 percent. Argus said the Chinese economy seems to be slowing. Also, results from the first phase of the company’s $4.4 billion Sands Cotai Central were lower than expected.

More…


October 21, 2011

Wider World of Poker

AGCC miscalculations, WHO's Israeli uprising, a troublesome Turkish blockade, and one hot Danish model

Slip off your coat and make your way into my small corner of Pokerati — a newly built alcove in Dan’s diamond-encrusted virtual mansion where I’ll bring you a weekly caché of poker and gambling news that the American-centric poker media may have overlooked. So put down your rodeos and pretend football as we give the poker globe a spin to discover piquant revelations and heart-warming tales of human endeavour from elsewhere around the world.

 

Dodgy Maths at the AGCC #

alderney mapThe Alderney Gambling Control Commission fell under the terrifying gaze of Subject Poker this week. The Commission’s report on their Full Tilt Poker hearing claimed that US Department of Justice had seized $331 million worth of FT cash. The real figure is closer to $159 million, argues the Subject reporter, with the larger number including money lost over and above Black Friday seizures. Either way, more numbers for Full Tilt and Alderney that don’t add up as they’ve been presented. [Subject Poker]

 

Mass Walkout at William Hill’s Israeli Office #

israel mapBritish bookmakers William Hill are at panic stations after a large chunk of their customer support staff enacted an impromptu strike last Sunday. The staff were upset at rumoured plans to move the office outside Israel. Will Hill Online deny they have any plans to relocate, but for a while it seemed like the civil unrest might spread, with offices in Bulgaria and the Philippines laying down their telephones in solidarity? [Telegraph.co.uk]

 

Turkey and Sportingbet Go to War #

turkey mapSportingbet have been fluttering their eyelashes at Ladbrokes for the past few weeks in vain hope of encouraging an acquisition. Any deal would’ve been conditional, however, on Sportingbet’s withdrawal from the volatile Turkish market; and although negotiations with Ladbrokes have broken down, Sportingbet were hours away from selling ‘Superbahis.com’ to GVC Holdings PLC. That was until the local government suddenly blocked the website. [The Guardian]

 

Denmark Unveils Plans to Regulate Online Gambling #

denmark mapThe European Commission are so happy with new Danish gaming regulations that they are recommending them as a model for all other EU nations to follow. But the new rules controversially require lower taxes from online gambling companies than those paid by existing land-based casinos. [Financial Times]

Apparently at Pokerati we’re supposed to take pride in any appearance of not working, so I’m off to the rainswept British coast for a week of holiday, but will be back to let my distinguished American cohorts know what they missed while I was gone and they were sleeping.

Posted by at 5:58 pm

November 5, 2010

Pokerati Blocked in Israel

TEL AVIV–While waiting to check in to our flight to Zurich from Ben Gurion intl airport in Tel Aviv I figured I’d hop on the free wifi and see what’s going on at Pokerati. As you can see, no luck. Dan needs to work on Pokerati’s international relations.



Posted by at 2:55 pm

November 1, 2010

International Degen Swag

These are pictures i took at Carmel market in Tel Aviv a few days ago. A knockoff PokerStars tee shirt cost 20 shekels (about $5.50). And gambling is illegal in Israel.

(click to enlarge)

Posted by at 2:12 am

July 15, 2010

Israel Police Order ISPs to Block Access to Gambling Websites

This is an odd one … never before heard much out of Israel against online gambling, despite there being no brick and mortar casinos there (I’m pretty sure) … in fact, Israel is something of a haven — if not a headquarters — for all sorts of online gambling related businesses. Yet supposedly, Israeli police just ordered all its ISPs to block access to IP addresses associated with overseas online gambling websites.

Don’t know many details, other than that the ISPs were given a list of banned sites, supposedly including some biggies … but the only known name so far has been Victor Chandler.

Sounds taxy. Anyone have Isai Scheinberg’s number so I can give him a call and say, yo, Mr. Moneymaker, what’s up? Surely he’s gotta know, or maybe live down the street from someone who does …

The ISPs were given 48 hours to respond, and several reportedly have already asked for an extension to a week.

ALT HED: Israel is the New Kentucky?

Posted by at 5:48 am