UFC Sold for an Eye-Gouging $4 Billion. The Fertittas have offered

UFC Sold for an Eye-Gouging $4 Billion. The Fertittas have offered UFC for $4 billion in a single of the largest deals within the history of sport.

The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from the fringe company once described by John McCain as ‘human cockfighting,’ up to a sports that are global, happens to be offered by the brothers for $4 billion.

The championships owner that is new US talent agency WME-IMG, which includes been supported within the deal by private equity teams Silver Lake and KKR, as well as the family investment office of Michael Dell, founder of Dell computers.

The Fertittas, that will retain passive minority stakes in the company, paid simply $2 million for the brand name and its assets in 2001, at a low point for the championships.

Learning to be a Heavyweight

UFC was dogged by accusations of brutality and vilified by politicians during the time, maybe not least of which was senior U.S. Senator John McCain from Arizona, who assisted persuade 36 states to ban ‘no-holds-barred fighting’ and spend per view companies to eliminate it from their schedules.

It had been banned in New York just before UFC 12 was due to kick off, forcing organizers to find a venue that is new in Alabama. New York only lifted that ban earlier this 12 months.

But under the Fertittas’ stewardship, UFC gained a new level of respectability as promoters worked with state athletics commissions to impose brand new rules that curbed a number (suite…)

Continuer la lecture

Donald Trump Campaign Hires Las Vegas Sands Relative Michael Abboud as Communications Coordinator

Donald Trump Campaign Hires Las Vegas Sands Relative Michael Abboud as Communications Coordinator

Donald Trump is expanding his campaign staff, and one hire that is key Michael Abboud, nephew of Las Vegas Sands executive Andy Abboud. (Image: Drew Angerer/Getty Pictures)

Donald Trump is preparing his campaign for the last stage in winning the White House in November over Hillary Clinton. This week the Republican nominee announced the hiring of three key jobs, and probably the most revelation that is notable the gambling community is the employing of Michael Abboud.

Abboud is the nephew of Andy Abboud, the Las Vegas Sands senior vice president of government relations and community development. Las vegas Sands is owned by billionaire Sheldon Adelson that has pledged $100 million to Trump’s efforts.

Based on the Trump campaign, Abboud will ‘execute the campaign’s quick response and daily texting.’ The 26-year-old will additionally offer Trump with briefings and breaking news stories.

‘I am constantly building a superior political team,’ Trump said in a statement as we continue to work to defeat Hillary Clinton this November. ‘We are taking our communications towards the people so that we can again make American Great.’

Scratch My Back, Scratch Yours

Adelson is among the staunchest supporters of the GOP. While the billionaire has historically spread his donations across Republican candidates, in 2016 he’s going all-in with Trump.

As well as being certainly one of the Republican P (suite…)

Continuer la lecture

West Virginia Rules DFS Game of Skill; No it’s Not, Says Delaware

West Virginia Rules DFS Game of Skill; No it’s Not, Says Delaware

Delaware AG Matthew Denn’s opinion it is DFS is a not a game of skill. At the least, it’s not the way we play it!

Western Virginia and Delaware are two states that do not have plans to legalize daily dream sports in the future, as well as for two very different reasons. Two attorneys basic, 400 miles apart, have actually demonstrated two different opinions on the legality regarding the contests over days gone by day or two.

On Monday, West Virginia’s AG ruled that there was no need to legalize DFS since it was prominently a game of skill and therefore perfectly legal under West Virginia law.

‘We read state legislation to prohibit just betting upon games decided at least predominantly by chance,’ penned Morrisey in his opinion. But DFS, he said ‘are determined predominantly by skill, knowledge, and athletic performance.’

Whether western Virginia will now move to regulate and tax the DFS industry, as its neighbor Virginia became the very first US state to complete at the start of the season, is of course a matter for the legislature.

Delaware Pulls the Plug

In stark contrast, Delaware pulled the plug on DFS week that is last with its AG, Matthew Denn, ruling, perhaps more controversially, that the contests had been basically games of chance.

‘Relying on the Delaware Constitution, as well as State and Federal case law, DOJ attorneys determined that online fantasy contests that involve payment for playing and fi (suite…)

Continuer la lecture

Donald Trump’s Atlantic City Record Attacked on Day One of Democratic National Convention

Donald Trump’s Atlantic City Record Attacked on Day One of Democratic National Convention

Very First Lady Michelle Obama energized the crowd during the Democratic National Convention regarding the shared theme that is common Donald Trump is not fit for the Oval workplace.

Donald Trump spent a quarter-century getting businesses in Atlantic City. The billionaire Republican Party nominee has repeatedly trumpeted his success in the east coast gambling mecca throughout the course of his campaign.

‘I made a ton of cash in Atlantic City and left seven years ago, great timing,’ Trump tweeted earlier this thirty days.

After a weeklong Republican National Convention (RNC) that officially made Trump the GOP’s presidential prospect, it’s now time for the Democrats to keep their own love fest. While contention remains between the Bernie Sanders faithful and nominee that is presumptive Clinton, one thing most in attendance in Philadelphia at the Democratic National Convention (DNC) can acknowledge is that Donald Trump is not qualified become president.

His record in Atlantic City is an example that is prime Democrats who argue Trump isn’t looking out for the American people.

‘Trump says he’d run our country like he has run their companies,’ nj-new Jersey Senator Cory Booker said in delivering a speech that is passionate. ‘ I’m from New Jersey, and we have seen the real method he leads . . . He got rich while his companies declared multiple bankruptcies.’

Massachusetts Senator Elizabeth W (suite…)

Continuer la lecture
Fermer le menu