Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later

PokerStars’ parent business Amaya has announced it intends to just take the name of its most valuable child. The online gaming business that is home to the planet’s biggest poker site will call itself ‘The Stars Group Inc.’

Amaya are going to be going to Toronto and changing its name, marking a new era in the company’s history, one with distance from its beleaguered founder and former president and CEO David Baazov.

The move seeks to capitalize on the brand recognition of its most asset that is famous and, maybe, distance itself from bad press surrounding previous chairman and CEO David Baazov, who is embroiled in legal troubles.

Information of the impending name-change was announced as Amaya delivered its Q1 report that is financial. It unveiled that the company would be relocating from Montreal to Toronto, a move that will allow it to ‘more efficiently manage its business affairs.’

Rising Tides

The business reported strong outcomes in Q1, with general revenue up 10 percent on the period that is corresponding year, to $317.3 million. On line poker now makes up about just 69 % of this organization’s income, as opposed to 75 percent a year ago.

This shift reflected the business’s growing diversification, through its online casino operations and BetStars sports platform that is betting more so than weakness in the poker market.

‘We continued our momentum in the very first quarter as we perfor Continue reading “Amaya to Change Name to ‘The Stars Group’ and relocate to Toronto, sooner or later”

Pennsylvania Casino Tax Deadline Looms, as State Scrambles for Revenue Solution

The elimination of the casino income tax in Pennsylvania is placing their state in a bind that is fiscal. Aided by the 2017 session of the General Assembly ending this week, lawmakers must find at least a fast solution to the income woes they’ve understood about since last fall, when the state Supreme Court ruled elements of the present casino tax structure were unconstitutional.

Pennsylvania counties risk losing $120 million from the casino tax that’s been declared unconstitutional. Gov. Tom Wolf wants a bill on his desk ASAP to treat budget problems ensuing from the continuing state Supreme Court ruling.

When the continuing state legalized some forms of casino gambling in 2006, they did so with the promise that each casino would pay 2 % of gross slot revenues to your townships where they’re found.

That share was to encourage communities to welcome new casino construction, and help offset extra costs related to having a gambling place within their yard. If any casinos did not fulfill a $10 million minimum, however, it had been in it to make the difference up. And that’s where the slot machine game minimum tax created a nagging problem for the courts.

Courtroom Bust

In 2015, the Mount Airy Casino and Resort within the Poconos protested, when 2 per cent of their slot revenues amounted to no more than $2.8 million, leaving them $7.2 million short.

Las Vegas Illusionist Surrenders $975k Before Sentencing on Child Porn Charges

Jan Rouven just saw another facet of their life disappear on Monday, almost $1 million from the sale of his home in Las vegas, nevada’s Centennial Hills neighborhood.

Disgraced Strip magician Jan Rouven surrendered $975,300 to a federal court in Las Vegas on Monday, to pay for fines and victim restitution included in his plea bargain in a child pornography case.

The former magician, who had headlined the ‘New Illusions’ show at the Tropicana for approximately 2 yrs before being arrested on child pornography charges in 2016, turned over most of the proceeds from the sale of their house to a federal court.

The 39-year-old illusionist that is german-born responsible in November to three felony counts of possession, receipt and distribution of child pornography.

The monies collected will go towards paying fines, court fees, and victim restitution monday.

Overwhelming Evidence

In 2014, FBI agents in Buffalo, New York, infiltrated an online network of people child that is trading, and snared Rouven in the dragnet.

Rouven, whose delivery title is Jan Rouven Fuechtener, was defined as a suspect using the aliases Lars45 and LarsUSA22, which was enough for authorities to get a warrant to search his vegas house.

Agents found more than 3,000 pictures and videos on two computers plus an external drive that is hard. Some depicted guys molesting boys that are pre-pubescent young as 3 and 4 years old. The FBI seiz Continue reading “Las Vegas Illusionist Surrenders $975k Before Sentencing on Child Porn Charges”