Nevada Gaming Control Board : Gaming Statutes & Regulations
Nevada Gaming Regulation - Nevada Council on Problem Gambling
REGULATION 6 - Nevada Gaming Control Board
nevada gaming regulation 6
nevada gaming regulation 6 - win
Sisolak considering ‘enhanced’ face mask policies
If people can not be relied on doing common sense thing like wearing face cover, may be they need to be told. https://lasvegassun.com/news/2020/jun/19/sisolak-considering-enhanced-face-mask-policies/ Gov. Steve Sisolak has asked his medical advisory team to provide recommendations regarding “enhanced” face mask policies as the number of coronavirus cases in Nevada has spiked in recent days. Sisolak’s announcement comes a day after Democratic California Gov. Gavin Newsom announced masks would be required in most public settings statewide. “Nevada Health Response has repeatedly urged the use of face coverings when out in public as one of the strongest methods of mitigating the spread of COVID-19, and directives I've signed mandate the use of face coverings by employees who interact with the public,” Sisolak said on Twitter. For now, people are encouraged to wear masks in public, but there are no blanket statewide requirements. Employees are required to wear masks at their jobs, per the state’s reopening requirements, and Nevada gaming regulators announced Thursday that casino patrons must wear masks at table games that do not have barriers in place. Thursday, the two-week mark since casinos reopened in Nevada, saw the biggest spike in daily new cases — 410. Symptoms of COVID-19 take two to 14 days to appear. The Southern Nevada Health District issued a statement Monday imploring businesses to require their patrons to wear masks, saying they have a “moral obligation” to protect the community.
Dec. 16 - NV News - 17 Paywall article links in text post: Elko judges to run for re-election; Opinions on school choice and redistricting; Fracking in NV; Overdose and vaping tracking system; AOC and Sanders in Vegas; Road project in Ely and more
PA Residents.. Most likely your last weekend for DFS.
http://abc27.com/2015/10/16/pennsylvania-considers-limiting-fantasy-sports-gambling/ Pennsylvania considers limiting fantasy sports gambling The Associated Press Published: October 16, 2015, 1:32 pm Updated: October 16, 2015, 1:58 pm HARRISBURG, Pa. (AP) – Legislation to limit daily fantasy sports websites in Pennsylvania to those run by the state’s 12 casinos is slated for a committee vote next week in the state House of Representatives. Rep. George Dunbar said Friday that the measure he is sponsoring would ensure that state regulators scrutinize operations of the now-unregulated companies to protect consumers. The Westmoreland County Republican says it would benefit the casinos by drawing people to their websites and raise badly needed state revenue. Nevada gaming regulators are ordering the high-profile websites DraftKings and FanDuel to cease operations unless they get a gambling license. DraftKings and FanDuel have hired a lobbying firm in Pennsylvania. A vote on Dunbar’s proposal is expected in the House Gaming Oversight Committee on Wednesday, along with a bill to legalize online gambling.
01-31 00:23 - 'Nevada gaming regulator opens investigation into sexual misconduct allegations against Steve Wynn' (cnbc.com) by /u/dubineer removed from /r/news within 7-17min
This is an automatic summary, original reduced by 63%.
Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering. In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board said Nevada sports book operators could offer daily fantasy sports they "Should exercise discretion in participating in business association with daily fantasy sports operators that have not obtained Nevada gaming approvals." The Control Board, through an "Exhaustive analysis" by the Nevada Attorney General's office, determined daily fantasy sports constitutes sports wagering. Operators offering daily fantasy sports would need a sports pool license. According to the analysis, the Control Board determined that daily fantasy sports involves "Wagering on the collective performance of individuals participating in sporting events." To "Expose" the websites for play in Nevada, the operator would need a sports pool gaming license.
Nevada orders daily fantasy sports (FanDuel, Draftkings, etc.) shut down as unlicensed gambling
This is an automatic summary, original reduced by 68%.
In a single-page notice on its website, board chairman A.G. Burnett said daily fantasy sports contests where players wager money fit the definition of gambling that requires a license from the Nevada Gaming Commission to operate a sports pool. Any companies offering daily fantasy sports without a gambling license in Nevada were ordered to cease and desist immediately, Burnett said. Gambling licensees with approval to run a sports pool may offer fantasy sports as well, he added. The two largest U.S. fantasy sports companies, FanDuel and DraftKings, both operate in Nevada and hold large-scale events and tournaments in Las Vegas, the gambling capital of the United States, but neither possess a state gambling license. Casino and gaming companies such as MGM Resorts International and sports book companies such as William Hill Plc WHM.L have been frustrated that fantasy sports companies are able to offer what they considered unregulated gambling. The American Gaming Association, the trade group for casinos and gaming companies, said in a statement Thursday that Nevada gaming regulators had provided a road map for companies and casinos to provide fantasy sports in the state.
Summary Source | FAQ | Theory | Feedback | Topfivekeywords: sports#1Fantasy#2company#3games#4gambling#5 Post found in /news. NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
Nevada gaming regulators ban daily fantasy sports from the state
This is an automatic summary, original reduced by 63%.
Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering. In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board said Nevada sports book operators could offer daily fantasy sports they "Should exercise discretion in participating in business association with daily fantasy sports operators that have not obtained Nevada gaming approvals." The Control Board, through an "Exhaustive analysis" by the Nevada Attorney General's office, determined daily fantasy sports constitutes sports wagering. Operators offering daily fantasy sports would need a sports pool license. According to the analysis, the Control Board determined that daily fantasy sports involves "Wagering on the collective performance of individuals participating in sporting events." To "Expose" the websites for play in Nevada, the operator would need a sports pool gaming license.
Positions I’m entering after I post this- BTO VLDR $40c 2/19 (1/26-highest volume at 11,900 OI 7,600) -small position premium play BTO VLDR $30c 3/19 I like spreads for 6/18 as well Now pry your eyes away from meme stocks, skim this DD I raced to put together for you, and think about parking some profits here. TLDR: VLDR develops and produces lidar sensors for use in industrial, 3D mapping, drones, and auto applications. Since debuting through SPAC IPO on 9/18/20 they’ve acquired Multi year contracts in the EV market, autonomous driving, and drone sensors with Local Motors, Ford Otosan, May Mobility, Motional, Trunk.Tech, Emesent, and Baidu. Velodyne is a leader in intellectual property for lidar technologies with a vast portfolio of patents and awards for their Puck Surround Sensors, Solid State Sensors, Close Range Sensors, and their ADAS Software. This may be the EV autonomous driving play you’ve been searching for. I like the Entry here but your entry/exit strategy is up to you. This is not financial advise, never yeet the whole port into a play. Good morning, it’s your options alchemist again. I fully intended on taking a breather from writing these DDs for you beautiful people but this one couldn’t wait. My previous plays were called early so I could demonstrate how to find value in recovering companies and build value in the coming weeks/months. This is fine, but the users called out into the void for larger market caps and higher volume so I’ll oblige. Now, assuming you have any dry powder left and didn’t yeet the entire port into the highest strike weekly available on your meme stock of choice, lets begin. Recent Catalysts- 1/26- Velodyne Lidar, Inc. (NASDAQ:VLDR) saw some unusual options trading activity on Tuesday. Traders purchased 19,866 call options on the company. This represents an increase of approximately 60% compared to the typical volume of 12,416 call options. 1/26- VLDR today announced a multi-year sales agreement to provide Puck LITE™ sensors to Emesent, a world-leader in drone autonomy, lidar mapping and data analytics. Emesent is using Velodyne’s lidar sensors to power its award-winning Hovermap mobile scanning system for mapping hazardous and GPS-denied environments. The imagery and video provided is absolutely amazing. Hover MapPuck Lite "The Velodyne Puck LITE lidar is an extraordinary sensor for mobile mapping systems due to its compact size, light weight and high performance," said Dr. Stefan Hrabar, Emesent CEO. "The sensor helped us create game-changing technology that can obtain vital data in challenging environments in real time without risking the machine or operator safety." Dr. Hrabar will discuss how to address autonomous exploration in challenging inaccessible environments during a Velodyne Lidar LIVE! webinar on January 28, 2021 at 1:00 p.m. PST Weninar link here for the DD deep divers. On 1/22Benchmark’s Ruben Roy initiated coverage of Velodyne with a Buy rating and $32 price target. “Today, VLDR remains the leading supplier of lidar technology with a broad product portfolio and expansive customer list,” the 5-star analyst said. “We expect VLDR to optimize its production process over the next few years and continue to broaden its product portfolio with increasingly affordable products in many form factors.” Drones tech, upgrades, and large call volume is great but the primary focus here is the Autonomous systems from VLDR. The company was the first to commercially supply lidar sensors in 2007 and, in fact, invented Real-Time 3D lidar in 2005. 1/22- Velodyne Lidar and Trunk.Tech announce strategic partnership in autonomous trucking Companies team to accelerate development of driverless trucks for China’s logistics market. Trunk.Tech has close cooperation with commercial vehicle OEMs to produce driverless trucks and ensure the vehicles comply with vehicle safety regulations. Trunk.Tech is the first company in China to independently develop SAE Level 4 driverless trucks, based on its own powerful driverless hardware and software systems. It uses Velodyne’s lidar, including Ultra Puck™, Puck™ and Velarray H800 sensors, as core sensor hardware in its autonomous trucks. Trunk.Tech selected Velodyne due to sensor quality, performance and mass production capacity. Trunk.Tech has deployed Velodyne lidar sensors on dozens of driverless trucks that have been delivered to commercial customers. Currently, these vehicles are operating autonomously at ports in China on a 24/7/365 basis. 1/11- New White Paper by Velodyne & University of Nevada, Reno’s Center for Applied Research Shows How Roadside Lidar is Key to Building Smart and Safe Transportation Infrastructure. The paper showcases research conducted by the University of Nevada, Reno’s Nevada Center for Applied Research, in conjunction with the Regional Transportation Commission of Washoe County, Regional Transportation Commission of Southern Nevada and the Nevada Department of Transportation. The project has deployed Velodyne’s Ultra Puck lidar sensors with traffic signals in real-world test environments, known as Living Laboratories, in Reno and Henderson, and sponsored by the Nevada Governor’s Office of Economic Development. It leveraged the data captured with Velodyne’s sensors to help improve traffic analytics, congestion management and pedestrian safety. Still with me? I hope so because I’m hyped about this company. I’ll keep it short from here so you can go back to staring at the GME chart. 12/18- Velodyne Lidar Signs Multi-Year Sales Agreement with Motional to Provide Alpha Prime Sensors for Its Driverless Vehicles 12/16- May Mobility Selects Velodyne Lidar as Long-Range Lidar Provider 12/15- Velodyne Lidar’s Velabit™ Wins Silicon Valley Robotics Innovation Award 12/1- Velodyne Lidar Announces Autonomous Driving Collaboration with Ford Otosan 11/19- Velodyne Lidar Announces Multi-Year Sales Agreement With Local Motors 10/12- Velodyne Lidar Announces Three-Year Sales Agreement with Baidu
[serious] Where is the line (legally or otherwise) between derivatives trading and gambling?
I guess this question can be thought of two ways, and not strictly limited to the US (where I am located.)
When do financial activities or services cross into gambling territory? That is to say, they cease being subject to financial regulation or reporting, and cross into being governed by gaming rules and regulations?
If somebody opened up a casino in Nevada, but all the games were about placing bets on the prices of stocks or bonds (like, instead of people watching sports games on a wall of TVs and placing bets, they were watching finance and news channels) when would financial regulation / jurisdiction kick-in vs. just being handled by the gaming commission?
I tagged this serious because I'm sure it depends is an answer since it probably does depend on the scope / context / or even maybe a judge? Or is it a little more clear than that? I have no clue.
Here's the update, typed as he was talking, apologies if I missed anything. NO FURTHER SHUTDOWNS ANNOUNCED! Pause is EXTENDED through 1/15/2021.
Situation: We are at a critical point and here is why.
Encouraging news on vaccine: FDA granted emergency use. Western States panel approved.
First vaccine shipment on Monday, frontline healthcare workers to get immediate vaccination.
Did a test run for vaccine delivery process, will keep Nevadans posted.
Dr. Fauci predicted a surge on top of a surge, that's where Nevada is headed.
We are just now beginning to see the effects of the holidays. Small decline in cases and testing over the holiday, big surges now.
Seeing big increases in hospitalizations, 1700 Nevadans since Friday.
In Southern Nevada we have NOT peaked yet.
Protecting healthcare infrastructure is the main priority. Setting up hospitals in parking garages just in case.
No doubt our hospitals are seeing an increase in strain, as well as actual healthcare workers.
COVID deaths on the rise. 2539 Nevadans dead.
Statewide pause summary, talked about mitigation, capacity limits, etc.
As of November 30th, 74% Nevadans wore masks when leaving home. If we were at 95% compliance we would save more lives by Spring.
Noted that Nevadans are under stress, worried about health, jobs, school. Wants everyone to do what we can to reduce strain on hospitals.
EXTENDING CURRENT NEVADA PAUSE THROUGH JANUARY 15TH, NO ANNOUNCED SHUTDOWNS.
All current restrictions are still in place.
Sisolak says that if his health officials see cases rise more, he will shut more things down.
Sign an eviction moratorium in place tomorrow to protect Nevadans, through March 31st.
Better to leave Nevadans in homes versus in shelters and homelessness.
When people are evicted it becomes impossible to stay home, they will be forced outside and potentially spread COVID-19.
Talked about how tenants are still obligated to pay rent. Talked about rental assistance programs. Supported with federal assistance dollars, funds are low though.
Realizes this will be hard on landlords, asking landlords to continue to sacrifice and do more to help tenants. Promises to look into assistance for landlords.
Vaccine on the horizon, please continue to be strong. Fight the virus, not each other.
Says not a day goes by that he doesn't think about lives and our economic structure.
Acknowledges that we have record cases, but realizes that families are suffering, with little financing assistance.
Claims no winning options, picked whatever option hurts Nevadans the least.
Federal government has yet to grasp the complexity of our situation. Federal government says that states are not doing enough. Sisolak admits mitigation policies, our complete shutdown, would be best. However without funding and paying Nevadans to stay home, is not realistic. Says shutdowns don't work without people getting paid.
State is trying desperately to balance health and economy.
Families are teetering on the brink. We have lost 250,000 jobs, NV had highest unemployment rate in the country.
142,000 Nevadans have exhausted their UI benefits, won't be able to file again until March 2021, says NV needs more federal help.
State of Nevada had a savings account, a rainy day fund, which was their safety net. As of today, there is no more money. No more rainy day fund. CARES Act funding ends at the end of the year.
According to our state economist, another shutdown will put us in a just as bad or worse state than the Great Depression.
Says that if he could write a check to pay everyone, he would, but can't.
Gaming industry. Under the same or tougher restrictions as everyone else. Gaming Control Board is the most regulated business in the state.
When he thinks of the gaming industry, he loses sleep because under a state at home order, NV lost 250,000 jobs. Cooks, dealers, valet, entertainers, etc.
Gaming matters in this state. If we shut down again, state loses $52 million in tax revenue a month. That same revenue supports Nevadans, health, benefits, the safety we need. That's why he has kept the casinos open.
(Side note: so basically, casinos need to be open so that the state can fund UI and benefits for the State)
This week it was reported that NV has seen a 50% increase in opioid and drug death. Does not believe its a coincidence.
People won't be healthy if they lose their job, benefits, housing, etc.
Relied on the science and health officials to make decisions.
COVID-19 is the first and last thing he thinks about every day.
Praises healthcare workers for their sacrifices.
Says his blood boils when the federal government says that States do not do enough.
Says that everyone is stepping up, task force has gotten millions of masks and PPE. Had to do it themselves versus rely on the federal government.
Says federal government promised PPE, but help never came.
Invites McConnell to look at the hospital wards, foreclosed homes, to look at all affected Nevadans when he said citizens did not need the extra help.
Compromise is hard, but possible if both sides toss politics aside.
We must figure things out on our own, if not, more shutdowns will be forced.
Vaccine is on the way. Stay strong. Says he has made the best decision for our state all things considered.
Called upon all Nevadans to come together, again, to do this.
If we cannot control cases, he will impost further restrictions.
We are all frontline people, tired, worn out, ready to give up. We have a choice to think of things as every man for themselves, or to support each other and have each others backs.
Look after each other. Love our neighbors.
We face all challenges together. Nevada will make it through this. The end result will be based on how much we care for each other.
A Nevadan is testing positive every 40 seconds. 1 hour and 15 minutes a Nevadan dies.
Please, protect yourselves and one another by wearing a mask, washing hands, and socially distance.
Here's the update, typed as he was talking, apologies if I missed anything. NO FURTHER SHUTDOWNS ANNOUNCED! Pause is EXTENDED through 1/15/2021.
Situation: We are at a critical point and here is why.
Encouraging news on vaccine: FDA granted emergency use. Western States panel approved.
First vaccine shipment on Monday, frontline healthcare workers to get immediate vaccination.
Did a test run for vaccine delivery process, will keep Nevadans posted.
Dr. Fauci predicted a surge on top of a surge, that's where Nevada is headed.
We are just now beginning to see the effects of the holidays. Small decline in cases and testing over the holiday, big surges now.
Seeing big increases in hospitalizations, 1700 Nevadans since Friday.
In Southern Nevada we have NOT peaked yet.
Protecting healthcare infrastructure is the main priority. Setting up hospitals in parking garages just in case.
No doubt our hospitals are seeing an increase in strain, as well as actual healthcare workers.
COVID deaths on the rise. 2539 Nevadans dead.
Statewide pause summary, talked about mitigation, capacity limits, etc.
As of November 30th, 74% Nevadans wore masks when leaving home. If we were at 95% compliance we would save more lives by Spring.
Noted that Nevadans are under stress, worried about health, jobs, school. Wants everyone to do what we can to reduce strain on hospitals.
EXTENDING CURRENT NEVADA PAUSE THROUGH JANUARY 15TH, NO ANNOUNCED SHUTDOWNS.
All current restrictions are still in place.
Sisolak says that if his health officials see cases rise more, he will shut more things down.
Sign an eviction moratorium in place tomorrow to protect Nevadans, through March 31st.
Better to leave Nevadans in homes versus in shelters and homelessness.
When people are evicted it becomes impossible to stay home, they will be forced outside and potentially spread COVID-19.
Talked about how tenants are still obligated to pay rent. Talked about rental assistance programs. Supported with federal assistance dollars, funds are low though.
Realizes this will be hard on landlords, asking landlords to continue to sacrifice and do more to help tenants. Promises to look into assistance for landlords.
Vaccine on the horizon, please continue to be strong. Fight the virus, not each other.
Says not a day goes by that he doesn't think about lives and our economic structure.
Acknowledges that we have record cases, but realizes that families are suffering, with little financing assistance.
Claims no winning options, picked whatever option hurts Nevadans the least.
Federal government has yet to grasp the complexity of our situation. Federal government says that states are not doing enough. Sisolak admits mitigation policies, our complete shutdown, would be best. However without funding and paying Nevadans to stay home, is not realistic. Says shutdowns don't work without people getting paid.
State is trying desperately to balance health and economy.
Families are teetering on the brink. We have lost 250,000 jobs, NV had highest unemployment rate in the country.
142,000 Nevadans have exhausted their UI benefits, won't be able to file again until March 2021, says NV needs more federal help.
State of Nevada had a savings account, a rainy day fund, which was their safety net. As of today, there is no more money. No more rainy day fund. CARES Act funding ends at the end of the year.
According to our state economist, another shutdown will put us in a just as bad or worse state than the Great Depression.
Says that if he could write a check to pay everyone, he would, but can't.
Gaming industry. Under the same or tougher restrictions as everyone else. Gaming Control Board is the most regulated business in the state.
When he thinks of the gaming industry, he loses sleep because under a state at home order, NV lost 250,000 jobs. Cooks, dealers, valet, entertainers, etc.
Gaming matters in this state. If we shut down again, state loses $52 million in tax revenue a month. That same revenue supports Nevadans, health, benefits, the safety we need. That's why he has kept the casinos open.
(Side note: so basically, casinos need to be open so that the state can fund UI and benefits for the State)
This week it was reported that NV has seen a 50% increase in opioid and drug death. Does not believe its a coincidence.
People won't be healthy if they lose their job, benefits, housing, etc.
Relied on the science and health officials to make decisions.
COVID-19 is the first and last thing he thinks about every day.
Praises healthcare workers for their sacrifices.
Says his blood boils when the federal government says that States do not do enough.
Says that everyone is stepping up, task force has gotten millions of masks and PPE. Had to do it themselves versus rely on the federal government.
Says federal government promised PPE, but help never came.
Invites McConnell to look at the hospital wards, foreclosed homes, to look at all affected Nevadans when he said citizens did not need the extra help.
Compromise is hard, but possible if both sides toss politics aside.
We must figure things out on our own, if not, more shutdowns will be forced.
Vaccine is on the way. Stay strong. Says he has made the best decision for our state all things considered.
Called upon all Nevadans to come together, again, to do this.
If we cannot control cases, he will impost further restrictions.
We are all frontline people, tired, worn out, ready to give up. We have a choice to think of things as every man for themselves, or to support each other and have each others backs.
Look after each other. Love our neighbors.
We face all challenges together. Nevada will make it through this. The end result will be based on how much we care for each other.
A Nevadan is testing positive every 40 seconds. 1 hour and 15 minutes a Nevadan dies.
Please, protect yourselves and one another by wearing a mask, washing hands, and socially distance.
The Square Deal Conservatism of Theodore Roosevelt
Theodore Roosevelt represents an interesting case in the rich history of American conservatism. His presidency, long before the rise of FDR and the New Deal, signaled a fundamental change in the way Americans interacted with government, corporations, and the world around them. In fact one can be certain that the New Deal, much in the manner of the two Roosevelts themselves, was a distant cousin of Teddy's Square Deal. Roosevelt's Square Deal represents not only a departure from the tradition of strictly laissez-faire American conservatism, but also a departure from the conservatism of the Old World. Roosevelt's aptly-named "Progressive Conservatism" embodied by the Square Deal was a descendant of UK Prime Minister Benjamin Disraeli's "One-Nation Toryism" which sought similar goals as the Square Deal. However, the clearest departure from this line of conservative thought lies in it's treatment of our natural resources. Roosevelt, ever the naturalist, sought to preserve nature and to ensure its proper use for generations to come. It is fitting that such a nation as the United States should foster such ideals of conservation, as to put it in Roosevelt's own words: "We have fallen heirs to the most glorious heritage a people ever received, and each one must do his part if we wish to show that the nation is worthy of its good fortune." Seeing this great land trampled on and abused by the likes of giant corporations emboldened Roosevelt to enact government reforms to ensure proper use of land, conservation of significant lands and animals, and reclamation of lands to be put to good use in the hands of farmers and entrepreneurs. This was accomplished in a number of ways. The most famous of which was the establishment of the United States Forest Service. Roosevelt excercised executive authority to establish "...150 national forests, 51 federal bird reserves, 4 national game preserves, 5 national parks, and 18 national monuments." These measures sought to preserve nature for proper use by people and to allow animals and nature to thrive. Furthermore, his support and passing of The Newlands Reclamation Act essentially enabled the mass-settlement of the arid American West. After its passage and generous help by the Roosevelt Administration, by 1907 the Bureau of Reclamation had established irrigation and arable land in the formerly arid badlands of 16 states of the American West, including states such as Arizona, California, and Nevada. This act and the Roosevelt administrations' support enabled the settlement of previously inhospitable land by farmers who had claimed land as part of the Homestead Act of 1862. As for domestic policy, the Square Deal provided even more for the citizens of the United States. As part of the plan, Roosevelt sought to protect Consumers through the passage of legislation which righted many of the wrongs that had been perpetrated against the American people by wealthy corporations. Part of this came in the form of the Pure Food and Drug Act of 1906. This act, while admittedly raising the price of packaged foods and directly hurting the affordability of food for lower class families, established a precedent for cleanliness, honesty, and transparency in the realm of medication and packaged food. Additionally, Roosevelt influenced and pushed for the passage of the 1902 Elkins Act and the 1906 Hepburn Act which gave the Interstate Commerce Commission greater authority to oversee and regulate interstate railroad trade. This ended the practice of railroads charging nothing to certain shippers who frequented their railways, set fair maximum rates for shippers, and encouraged greater bookkeeping and records accountability among railroad staff regarding interstate rail trade. This ended an era of essentially unregulated railway trade by also stabilizing and lowering prices and reducing the sway of corporations on railways. Additionally, Roosevelt brought about the idea of "trust-busting" by regulating so-called "bad trusts". In this way Roosevelt challenged the likes of J.P. Morgan and Standard Oil through his Department of Justice. This lead to the establishment of the Bureau of Corporations whose sole purpose was to monitor and report monopolistic activity. In other matters, however, we have only hypotheticals and policy hopes in which to inform our perception of the man. It is true that in his second term he encountered much opposition from the Conservative Republicans in his goals to establish social reforms that would have rivaled much of New Deal reforms enacted by FDR, particularly in his failed bid to run as a member of the Progressive Party. As a part of the Progressive Party's platform, Roosevelt would have enacted many shockingly modern reforms in many areas of public and private life. For example, Roosevelt championed for campaign finance reform and registration of special interests. Roosevelt also advocated for an umbrella organization for all existing government health agencies, a moderate welfare program for the disabled, elderly, and unemployed, an estate tax, and the establishment of a federal securities commission. In terms of labor, Roosevelt called for the establishment of an eight-hour workday, a minimum wage, and compensation for worker-sustained injuries. Roosevelt's foreign policy also foreshadowed the neoconservatism of today's Republican party by advocating for a rapid build-up of American military strength and a global presence. There can be no doubt that the Square Deal conservatism of Theodore Roosevelt was a new form of paternalistic conservatism. However, this uniquely "American" brand of paternal conservatism rose to meet the challenges faced by American citizens when much of life was dominated by unregulated corporations and special interests. Roosevelt's "Three C's" of Conservation, Consumer Protection, and Corporate Regulation could very well be adapted to the modern Republican party and appeal to a wide swath of voters. Renewing faith in our institutions, conserving our natural resources, preventing corporate monopolies, and ensuring the welfare of the average American are noble goals and for these reasons I believe Roosevelt to be among the most prominent figures in American conservatism.
I've pasted most of the short article below, as it seems to have disappeared from here ---------------------------- All Hail the Reopening! - Jeffrey A. Tucker – January 25, 2021 ...For those of us inveighing against lockdowns for a full year, it’s truly been a remarkable week. Restrictions are being loosened or are going away. We are finally getting some truth about the carnage. And we are even starting to see some elected officials being honest with us. Let’s start in the most locked down state on the mainland: Massachusetts. Governor Charles Baker, whose pandemic management has wrecked so many businesses in his state, has decided it’s time to open up restaurants and businesses. More remarkably, Massachusetts’s chief epidemiologist admits that the lockdowns didn’t achieve their goal. Shira Dorn of Tufts said: “Businesses and restaurants have not been shown to be a significant source of spread of infection, and it’s not clear that the additional measures that were instituted in November and December actually helped.” So sorry we ruined your holidays and lives. The egregious limits on gatherings will persist for a few more weeks, but the tone of the argument here has shifted. It is the most significant change in state policy in a very long time. Perhaps people can begin soon to get their human rights back? The same is happening in other states. Washington, D.C. will resume indoor dining. Maryland’s governor has decided that the state needs to reopen schools now and no later than March 1. Gov. Gretchen Whitmer of Michigan says Michigan restaurants can reopen for indoor dining on February 1. Her health adviser decided to resign. Let us hope it is the beginning of many. Chicago’s mayor is now demanding an immediate opening of restaurants and bars. Chicago is also threatening teachers unions that they must return to work. New York Governor Cuomo has dramatically reversed his rhetorical course and demanded a reopening of the city. Governor Gavin Newsom, incredibly, haslifted all stay-at-home orders across the state and is permitting dining to open up. Many restaurants have defied orders for months now, and good for them. This new announcement shows that their defiance had an influence. Montana’s new governor has lifted Covid restrictions. National Public Radio has decided to announce that the virus has peaked. The WHO is insisting that the PCR cycle threshold must change. If nations adjust, it should make a big difference in the case trend. And perhaps in the most honest statement uttered by any elected official in twelve months, Joseph Biden said the following: “There’s nothing we can do to change the trajectory of the pandemic in the next several months.” He didn’t need to qualify that statement. He could have stopped after pandemic. CNN has removed the death tracker from its main page, while the New York Times has reported a 33% decline in new cases in the past two weeks. Plus, the Times, which arguably made the most profound contribution to the public panic over the virus, is finally reporting on the terrible carnage. In an incredibly heartbreaking article, the Timeschronicles the unspeakable deaths of despair from young children denied schooling over the past year. It’s an absolutely shocking article, one that should echo unto the ages, given what happened this last year. It’s worth a read. As for the astonishingly anti-scientific blather dished out by the media over the last year, even that is starting to change. The Washington Post has published a helpful introduction to immunological basics, as written by JHU Professor Marty Makary:
Having the infection activates both antibodies as well as memory B- and T-cells, which teach your immune system to recognize the same virus in the future to swiftly eradicate it. Natural immunity after covid-19 infection appears to last for at least the one year in which the virus has been circulating at large. Extrapolating from research on the SARS and MERS coronaviruses, it could be much longer. In one study of 176 people infected with SARS, immunity lasted for an average of two years. Another long-term analysis of health-care workers previously infected with SARS found antibodies up to 12 years later. Protective antibodies for the MERS coronavirus have similarly been documented to last for at least three years. And while the 1918 pandemic was caused by an influenza virus, the immune systems of those infected were able to make antibodies to the virus nearly nine decades later, a 2008 Naturestudy found. Even mild infections appear to elicit a persistent and functional immune response. One recent European study found that people who had mild or asymptomatic covid-19 mounted a “robust T-cell immunity” afterward. A separate French study affirmed this, noting that some people who lived with a confirmed covid-infected person developed T-cell immunity even when they did not test positive for covid.
The article goes even further to openly admit what many of us have noticed since March: “Many medical experts have been dismissive of natural immunity due to prior infection, but there is overwhelming data showing that covid-19 reinfections are rare30783-0/fulltext), and when they do occur, the infection is often mild.” These basic facts fundamentally change the rationale for locking down. We’ve evolved with viruses without locking down. Starting in the late 19th century, once we got smarter about viruses, we realized that protection of the vulnerable and exposure among the non-vulnerable, in the framework of a functioning society, was the best approach to dealing with pandemics. We pursued that policy for a full century until last year. The unprecedented experiment with lockdowns will end up causing more death than if we had maintained a functioning society while treating disease as a medical and not a political problem. We are also getting some truth telling on track-and-trace, courtesy of Holman Jenkins in the Wall Street Journal :
Top of the list is magic solution X, a national test and trace program. I won’t mince words. A 9-year-old could see the math didn’t work. Covid spreads more easily than the flu. An overwhelming share of cases are asymptomatic or indistinguishable from ailments that millions of Americans suffer every day. In a country as big, mobile and open as the U.S., there was zero chance of catching and isolating enough spreaders to matter. Many experts said so at the time, but quietly. Anthony Fauci eventually said so, but quietly. All implicitly knew not to get between the media and its imperative that every big misfortune be played as a failure of inadequate government. Even when the testing data shouted the truth, the press couldn’t hear it. Our testing misses 70% to 90% of Covid cases and yet 91% of the people being tested for Covid tested negative and were suffering from something else. We were never going to make a dent in the epidemic this way. It was a distraction.
Finally, we have actual experiments in openness right here in the US. Florida, Georgia, South Carolina, and South Dakota have all been open since the spring of last year, with life continuing on more or less as normal. The results have been no worse and most often better than what we see in lockdown states. It’s almost as if the virus doesn’t care about your political solutions. One final data point. I watched the AFC Championship football game last night. Gone were the dreary ads of 2020 that all began “In these challenging times.” Instead we were treated to pictures of happy parties, friends socializing, people living life normally and happily. Even the masks are going away. True the stadium was only half full due to preposterous regulations but it felt much more normal. Are our governments getting wise? Doubtful but many are feeling pressure to start recognizing the rights of human beings again. The new variant (viruses naturally mutate and the NYT is trying tobring calm) might frighten them again. Biden has already imposed new international travel restrictions. We aren’t out of the woods yet. Will they admit error and apologize? That will take longer if it happens at all. At this point, right now, other things matter more. The priority must be to emancipate us from bad science and destructive policy so we can put our lives back together again.
TEKK - Tekkorp Digital Acquisition Corp: Who's Who of Gaming Mgmt Teams!
Team has been involved in a substantial number of the digital media, sports, entertainment, leisure and gaming industries’ most significant merger and acquisition transactions, holding key positions at, and transacting with Scientific Games Corp, Inspired Gaming Group, FOX Bets, Ocean Casino Resort, Resorts International Holdings, PokerStars, DraftKings, Mohegan Sun, Caesars Entertainment Corporation, Harrah’s Entertainment,Tropicana Entertainment, Inc., TSG/Sky Betting & Gaming, Facebook, Inc, Wynn Resorts, Dubai World/MGM Resorts Here's all the Bios. These guys are stellar! TEKK closed at $10.30 today. Still cheap! If you don't like to read... you don't like to make money!!!! ---------------------------------------------------------------------------------------- Matthew Davey — Chief Executive Officer and Director Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems, as well as experience in the public sector. He is an experienced public company executive officer and board member. He has served in executive management positions across the gaming technology arena. Over the course of Mr. Davey’s career, he oversaw more than ten mergers and acquisitions and over $1.2 billion in debt and equity capital raised to support the companies he has led. Most recently, Mr. Davey was Chief Executive Officer of SG Digital, the Digital Division of Scientific Games Corp. (“Scientific Games”) (Nasdaq: SGMS). SG Digital was established following the purchase by Scientific Games of NYX Gaming Group Limited (“NYX”) (formerly TSXV: NYX), where Mr. Davey served as Chief Executive Officer and Director. The NYX acquisition provided Scientific Games with a vehicle to significantly accelerate the scale and breadth of its existing digital gaming business, including the strategic expansion into sports betting. In his capacity as Chief Executive Officer of NYX, Mr. Davey developed and implemented a corporate strategy that generated strong revenue growth. Mr. Davey shaped company strategy to focus on digital gaming supplier platforms and content that provided various gaming operators with the underlying gaming and sports betting systems for their online gaming business. In 2014, Mr. Davey oversaw the initial public offering of NYX, and his experience in the digital media, sports, entertainment, leisure and gaming industries helped NYX recognize momentum as a public company. After the public offering, from 2014 to 2018, Mr. Davey oversaw seven acquisitions which helped establish NYX as one of the fastest growing global B2B real-money digital gaming and sports betting platforms. These acquisitions included: • OpenBet: In 2016, NYX completed the $385 million acquisition of OpenBet. This was one of the more complex and transformative acquisitions that Mr. Davey oversaw at NYX. Through securing co-investments from William Hill (LSE: WMH), Sky Betting & Gaming and The Stars Group (formerly Nasdaq: TSG, TSX: TSGI), Mr. Davey was able to get the acquisition from Vitruvian Partners completed successfully, winning the deal against much larger and well capitalized competitors. By combining two established and proven B2B betting and gaming suppliers, NYX was well positioned to provide customers with exciting player-driven solutions across all major product verticals and distribution channels. This allowed NYX to become the leading B2B omni-channel sportsbook platform in the market and the supplier to over 300 gaming operators globally with an extensive library of desktop and mobile game titles, including more than 700 on NYX platforms and more than 2,000 on the OpenBet platform. • Cryptologic/Chartwell: In 2015, NYX completed the $119 million acquisition of Cryptologic and Chartwell. The acquisition provided NYX with more than 400 titles of additional leading gaming content, a broader customer base, and direct exposure to PokerStars and Intercasino, part of the Gamesys Group (LSE: GYS) — two of the world’s largest online casino offerings. • OnGame: In 2014, NYX completed the distressed acquisition of OnGame, a premier poker content, platform and service provider. This acquisition provided NYX with one of the best poker products in the industry, access to several regulated jurisdictions, and a valuable talent pool that was instrumental in the growth of NYX. The addition of OnGame further established a path for NYX to continue its growth in both European and U.S. markets. These acquisitions, together with meaningful organic growth, increased NYX’s revenue from $24 million in 2014 to $184 million annualized in 2017. During that time, Mr. Davey helped build NYX to have over 200 customers in the global gaming industry and a team of 1,000 employees. Mr. Davey’s success at NYX ultimately led to its sale to Scientific Games for $631 million in 2018. Mr. Davey joined Next Gen Gaming, the predecessor to NYX, in 2000 as the Vice President of Technology, was appointed as Executive Director in 2003 and named Chief Executive Officer in 2005. Prior to that, he was the Senior Consultant for Access Systems, a company that specializes in the provision of back-end software for licensed online casinos. Prior to joining Access, Mr. Davey worked for the Northern Territory Government specializing in matters pertaining to the internet and e-commerce along with roles in the Department of Racing and Gaming. Mr. Davey received a Bachelor of Electrical & Electronic Engineering from Northern Territory University, Australia (also known as Charles Darwin University). Robin Chhabra — President Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His prior experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group (“TSG”) and William Hill, and a leading supplier, Inspired Gaming Group (Nasdaq: INSE). Mr. Chhabra served on the Group Executive Committees of each of these companies. From 2017 to May 2020, Mr. Chhabra served as Chief Corporate Development Officer at TSG and, from 2019 to August 2020, he also served as the Chief Executive Officer of Fox Bet, a leading U.S. online gaming business which is the product of a landmark partnership between TSG and FOX Sports, a transaction which he led. During that period, Mr. Chhabra led several transactions which transformed TSG into the largest publicly listed online gambling operator in the world by both revenue and market capitalization and one of the most diversified from a product and geographic perspective with revenues of over $2.5 billion. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following: • TSG/Flutter Entertainment Merger: In 2019, Mr. Chhabra led the TSG M&A team that was responsible for TSG’s $12.2 billion merger with Flutter Entertainment (LSE: FLTR). The merger between TSG and Flutter Entertainment is the largest transaction in the digital gaming industry to date. The combination created the largest publicly listed online gaming company with approximately 13 million active customers and leading product offerings, which include sports betting, online casino, fantasy sports and poker. The combined entity includes some of the world’s most iconic digital gaming brands such as Fanduel, Fox Bet, Sky Bet, PaddyPower, Betfair, PokerStars and SportsBet. TSG/Flutter Entertainment is one of the most geographically diverse digital gaming and media companies with leading positions in the United States, United Kingdom, Australia, Ireland, Italy, Spain, Germany and Georgia. • TSG/Sky Betting and Gaming (“SBG”): In 2018, Mr. Chhabra led the acquisition of SBG from CVC Capital Partners and Sky plc, Europe’s largest media company, in a transaction valued at $4.7 billion. At the time of the acquisition SBG was the largest mobile gambling operator in the United Kingdom and one of the fastest growing of the major operators having doubled its online market share in three years. The acquisition of SBG provided TSG with (a) greater revenue diversification, significantly enhanced expertise and exposure to sports betting just ahead of the judicial overturn of The Professional and Amateur Sports Protection Act of 1992 (PASPA) by the U.S. Supreme Court, (b) a leading position within the United Kingdom, the world’s largest regulated online gaming market, (c) improved products and technology as a result of the addition of SBG’s innovative casino and sports book offerings and a portfolio of popular mobile apps, and (d) expertise in deeply integrating sports betting with leading sports media companies, positioning TSG to create more engaging content, deliver faster growth and decrease customer acquisition costs. • William Hill (LSE: WMH): At William Hill, from 2010 to 2017, Mr. Chhabra served as Group Director of Strategy and Corporate Development where he led several transactions which contributed to William Hill’s transformation from a land-based gambling operator in the United Kingdom to a leading online-led international business. Mr. Chhabra led William Hill’s entry into the U.S. sports betting and online lottery markets with the acquisition of four businesses, including the simultaneous acquisitions of three U.S. sportsbooks, Cal Neva, American Wagering and Brandywine Bookmaking, in 2011 for an aggregate purchase price of $55 million. These businesses ultimately led William Hill to achieve a leading position in the U.S. sports betting market with a market share of 24% in 2019. Additionally, Mr. Chhabra played a key role in structuring William Hill’s successful joint venture with PlayTech Plc (LSE: PTEC) in 2008. The combined entity created one of the largest online gambling businesses in Europe at the time of its formation and led to William Hill’s buyout of Playtech’s interest for $637 million in 2013. Prior to the transaction, William Hill had struggled in its attempt to establish a strong online gaming platform and a meaningful presence outside the United Kingdom. Mr. Chhabra has also successfully completed four transactions worth over $1.2 billion in Australia, the world’s second largest regulated online gambling market, and various partnerships in Asia. Additionally, he completed several technology and media related transactions, including William Hill’s investment in NYX, where he worked with Mr. Davey on NYX’s transformational acquisition of OpenBet. Prior to working in the gaming sector, Mr. Chhabra was an equities analyst and a management consultant. Mr. Chhabra received a Bachelor of Science in Economics from the London School of Economics and Political Science. Eric Matejevich — Chief Financial Officer Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. From February to August 2019, he served as Trustee and Interim-Chief Executive Officer of Ocean Casino Resort (“Ocean”) (formerly Revel Casino, which had a construction cost of $2.4 billion) in Atlantic City, where he successfully led the management team through an ownership change and operational turnaround effort. Over the course of seven months, Mr. Matejevich managed to reduce the property’s weekly cash burn of $1.5 million to an annualized cash flow run rate in excess of $20 million. Prior to Ocean, from 2016 to 2018, Mr. Matejevich served as the Chief Financial Officer of NYX. At NYX, he focused his efforts on integrating the company’s many acquisitions and multiple debt refinancings to simplify its capital structure and provided liquidity for growth initiatives. Additionally, Mr. Matejevich was instrumental to the executive team that sold NYX to Scientific Games for $631 million. Prior to NYX, from 2004 to 2014, Mr. Matejevich was the Chief Financial Officer of Resorts International Holdings and later, from 2011, also the Chief Operating Officer of the Atlantic Club Casino, a property under the Resorts International Holdings umbrella — a Colony Capital (NYSE: CLNY) entity. As Chief Financial Officer, he provided managerial oversight for all finance functions for a six-property casino company with annual gaming revenue exceeding $1.3 billion, 10,000 gaming positions, 7,000 hotel rooms and over 11,000 staff members during his tenure. Mr. Matejevich led the transition effort to integrate a four-casino, $1.3 billion acquisition from Harrah’s Entertainment and Caesars Entertainment (Nasdaq: CZR). As Chief Operating Officer of Atlantic Club, he lobbied for and was successful in obtaining the first internet gaming legislation passed in the United States. The Atlantic Club was the sole New Jersey casino proponent of the legislation. Prior to serving in various gaming positions, Mr. Matejevich was a Vice President of High Yield Research for Merrill Lynch, where he managed the corporate bond research effort for the gaming and leisure sectors and marketed high yield and other debt transactions totaling $4.8 billion. Mr. Matejevich received a Bachelor of Science in Economics from The Wharton School and a Bachelor of Arts in International Relations from The College of Arts and Sciences at the University of Pennsylvania. Our Board of Directors Morris Bailey — Chairman Over the past 10 years, Mr. Bailey has been a leader in turning around Atlantic City, as well as being among the first gaming executives to embrace online gaming and sports betting in the United States. In his efforts, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings (Nasdaq: DKNG). In 2010, Mr. Bailey bought Resorts Atlantic City (“Resorts”) and initiated a comprehensive renovation which allowed for the property to be rebranded and repositioned. In 2012, Mr. Bailey signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. In addition to Mohegan Sun’s operational expertise and ability to reduce costs via economies of scale, Resorts gained access to their robust customer database. Soon thereafter, Mr. Bailey and his team focused on bringing online gaming to the property. In 2015, Resorts established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment, PLC (LSE: FLTR), to operate an online poker room in Atlantic City. In 2018, Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online. For 2020 year-to-date, Resorts has performed in the top quartile in internet gross gaming revenue in New Jersey. Mr. Bailey’s efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States. In addition to his gaming interests, Mr. Bailey has over 50 years of experience in all facets of real estate development, asset M&A, capital markets and operations and is the founder, Chief Executive Officer and Principal of JEMB Realty, a leading real estate development, investment and management organization. Mr. Bailey has notable investment experience within the energy, finance and telecommunications sectors through investments in the Astoria Energy Plant, Basis Investment Group and Xentris Wireless. Tony Rodio — Director Nominee Mr. Rodio has nearly four decades of experience in the gaming industry. Most recently, Mr. Rodio served as the Chief Executive Officer and director of Caesars Entertainment Corporation (“Caesars”) (Nasdaq: CZR), one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company, from April 2019 until its acquisition by Eldorado Resorts, Inc. in July 2020. Mr. Rodio led Caesars through its $17.3 billion merger with Eldorado Resorts, one of the largest transactions in the gaming industry to date. Additionally, Mr. Rodio was instrumental to Caesars’ expansion into the digital gaming industry and oversaw the implementation of new digital segments such as its Scientific Games powered retail sportsbook solution that now operates in various states throughout the U.S. From October 2018 to May 2019, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to Affinity Gaming, he served as President, Chief Executive Officer and a director of Tropicana Entertainment, Inc. (“Tropicana”) for over seven years, where he was responsible for the operation of eight casino properties in seven different jurisdictions. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects, including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Ultimately, Mr. Rodio’s efforts at Tropicana led to its sale to Eldorado Resorts in 2018 for $1.85 billion. Prior to Tropicana, Mr. Rodio held a succession of executive positions in Atlantic City for casino brands, including Trump Marina Hotel Casino, Harrah’s Entertainment (predecessor to Caesars), the Atlantic City Hilton Casino Resort and Penn National Gaming. He has also served as a director of several professional and charitable organizations, including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism. Mr. Rodio brings extensive knowledge of and experience in the gaming industry, operational expertise, and a demonstrated ability to effectively design and implement company strategy. Mr. Rodio received a Bachelor of Science from Rider University and a Master of Business Administration from Monmouth University. Marlon Goldstein — Director Nominee Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. He joined The Stars Group (Nasdaq: TSG)(TSX: TSGI) in January 2014 as its Executive Vice-President, Chief Legal Officer and Secretary until his retirement from the company in July 2020 following the merger of TSG with Flutter Entertainment, PLC (LSE: FLTR). Mr. Goldstein also previously served as the Executive Vice-President, Corporate Development and General Counsel of TSG. Mr. Goldstein was also the senior TSG executive based in the United States and was one of the primary architects of TSG’s strategic vision for its U.S.-facing business. During his tenure, TSG grew from an approximately $500 million market-cap company to an approximately $7 billion market-cap company through a combination of organic growth and strategic mergers and acquisitions. Mr. Goldstein participated in numerous M&A transactions and capital markets offerings at TSG, including several transformational transactions in the digital gaming industry. Notable transactions in which Mr. Goldstein was involved include: • TSG/Flutter Merger: In 2019, TSG merged with Flutter for a $12.2 billion transaction value, the largest transaction in the digital gaming industry to date. • TSG/Fox Bet Partnership: In 2019, TSG entered into a partnership with FOX Sports to create FOX Bet in the U.S., a leading U.S. online gaming business. Wall Street Research estimates an approximate $1.1 billion valuation for Fox Bet post-partnership with The Stars Group. • TSG/Sky Betting & Gaming: In 2018, TSG acquired Sky Betting & Gaming, the largest mobile gambling operator in the United Kingdom at the time, for $4.7 billion. • TSG/CrownBet and William Hill: In 2018, TSG simultaneously acquired CrownBet and William Hill, two Australian operators, for a total of $621 million in a multi-part transaction. • TSG/PokerStars and Full Tilt Poker: In 2014, TSG acquired The Rational Group, which operated PokerStars and Full Tilt and was the world’s largest poker business, for $4.9 billion. Through his ability to legally structure large and complex transactions, Mr. Goldstein was integral to TSG’s vision of becoming a full-service online gaming company. Additionally, he assisted in structuring TSG’s capital markets activity, which generated liquidity for acquisitions and strengthened its balance sheet. Prior to joining TSG, Mr. Goldstein was a principal shareholder in the corporate and securities practice at the international law firm of Greenberg Traurig P.A., where he practiced for almost 13 years. Mr. Goldstein’s practice focused on corporate and securities matters, including mergers and acquisitions, securities offerings, and financing transactions. Additionally, Mr. Goldstein was the founder and co-chair of the firm’s Gaming Practice, a multi-disciplinary team of attorneys representing owners, operators and developers of gaming facilities, manufacturers and suppliers of gaming devices, investment banks and lenders in financing transactions, and Indian tribes in the development and financing of gaming facilities. Mr. Goldstein brings experience and insight that we believe will be valuable to a potential initial business combination target business. Mr. Goldstein received a Bachelor of Business Administration with a concentration in accounting from Emory University and a Juris Doctorate with highest honors from the University of Florida, College of Law. Sean Ryan — Director Nominee Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. Since 2014, Mr. Ryan has been serving as Vice President of Business Platform Partnerships at Facebook, Inc. (“Facebook”) (Nasdaq: FB), where he leads a more than 500 person global organization that manages the Payments, Commerce, Novi/Blockhain, Workplace and Audience Network businesses. Prior to his current role, Mr. Ryan was hired in 2011 as the Director of Games Partnerships to lead and grow the global Games business at Facebook. While the Director of Games Partnerships, Mr. Ryan focused on re-shaping Facebook’s games and monetization strategies to derive more value for Facebook, its users and its partners, including the addition of a Real Money Gaming offering in regulated markets. Mr. Ryan’s team helped accelerate a major trend in engagement through cross-platform games and therefore the opportunity to increase users through establishing games on multiple platforms. Prior to joining Facebook, Mr. Ryan created the new social and mobile games division at News Corp, an American multinational mass media corporation controlled by Rupert Murdoch. While at News Corp, Mr. Ryan led the acquisition of Making Fun, a San Francisco social-game start-up, that created News Corp’s games publishing division. Before joining News Corp., Mr. Ryan founded multiple digital businesses such as Twofish, Meez, Open Wager and SingShot Media. Mr. Ryan co-founded Twofish in 2009, a virtual goods and services platform that provided developers with data analytics and insights for individual application’s digital economies. Twofish was later sold to online payments provider Live Gamer, where Mr. Ryan served on the board of directors. From 2005 to 2008, Mr. Ryan founded and led Meez.com, a social entertainment service combining avatars, web games and virtual worlds. The white label social casino gaming company Open Wager was spun out of Meez and was later sold to VGW Holdings, Mr. Ryan also co-founded SingShot Media, an online karaoke community, which was sold to Electronic Arts (Nasdaq: EA) and merged into its Sims division. We believe Mr. Ryan’s experience will be valuable to a potential initial business combination target and would provide an expanded perspective on the digital gaming landscape. Mr. Ryan received a Bachelor of Arts from Columbia University and a Master of Business Administration from the University of California, Los Angeles. Tom Roche — Director Nominee Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young (“EY”) as a partner in 2003 and opened its Las Vegas office. He was subsequently appointed as the Office Managing Partner and Global Gaming Industry Market Leader. In 2016, Mr. Roche relocated to the EY Hong Kong office to supervise the expansion of the EY Global Gaming Industry practice in the Asia Pacific region. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including: • Wynn Resorts (Nasdaq: WYNN) initial public offering: Mr. Roche was the lead partner on Wynn Resort’s initial public offering, which raised $450 million in 2002. • Harrah’s Entertainment/Apollo Management Group & Texas Pacific Group: Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment, the world’s largest casino company at the time, for $17.1 billion. • Dubai World/MGM Resorts: Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM. Dubai World bought 28.4 million MGM shares, or 9.5 percent of the casino operator, for $2.4 billion. It then invested $2.7 billion to acquire a 50% stake in MGM’s CityCenter Project, a $7.4 billion 76-acre Las Vegas development of hotels, condos and retail outlets. • MGM Growth Properties (NYSE: MGP) initial public offering: Mr. Roche provided tax and structural transaction services to MGM Resorts in the creation of MGM Growth Properties, a publicly traded REIT engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. MGM Growth Properties raised $1.05 billion in its 2016 initial public offering. Mr. Roche also directed EY advisory services to boards and management teams for profit improvement and technology related initiatives. In addition, Mr. Roche provided advisory support to the American Gaming Association on several research projects, including those specifically related to sports betting, the revocation of The Professional and Amateur Sports Protection Act of 1992 (PASPA) and anti-money laundering best practices in the gaming industry. Equally, he has assisted government agencies in numerous international locations with enhancing their regulatory approach to governing the industry especially in the online gambling sector. Prior to joining Ernst & Young, Mr. Roche served as Deloitte’s National Gaming Industry Leader and as the co-head of Andersen’s Gaming Industry Practice in Las Vegas. In 1989, Mr. Roche was appointed by then Governor of the State of Nevada, Robert Miller, to serve as one of three members of the Nevada State Gaming Control Board for a four-year term, where he was directly responsible for the Audit and New Games Lab Divisions. As a board member, he spent a substantial amount of time assisting global jurisdiction regulators enact gaming legislation in the design of their regulatory structure. During his career, Roche has been involved in numerous public and private offerings of equity and debt securities. His background includes providing casino regulatory consulting services to casino licensees and to federal and state agencies including the National Indian Gaming Commission and the Nevada State Gaming Control Board, and industry associations such as the Nevada Resort Association and the American Gaming Association. We believe Mr. Roche’s highly regarded reputation as a gaming auditor and advisor in the gaming industry will be valuable for us and a potential business combination target. Mr. Roche is a member of the American Institute of Certified Public Accountants and is licensed by the Nevada State Board of Accountancy and Mississippi State Board of Public Accountancy. He received his Bachelor of Science degree in Accounting from the University of Southern California.
Blackrock Gold (OTCQB:BKRRF) has a HIGH GRADE SILVER discovery in Nevada.
Discovery Metals offers very high leverage to silver prices.
First off I apologize for my lack of new ideas here, I have been very busy. I pledge to do better going forward. 📷 It appears silver is in a new uptrend with support from the longer term uptrend channel. Silver should test recent highs, so is doing much better than gold. A close at $29 or higher would signal a breakout. There's a lot of scuttle and rumors out there about the Reddit and Robinhood (Wallstreetbets) gang piling into silver and causing the greatest short squeeze of all time. JPMorgan has been known to have a large short position for a long time, but has covered their short position, according to Ted Butler, who has been following this topic for years. However, many other banksters are still short. Last September JP Morgan was fined almost $1 billion for precious metals manipulation. JPMorgan is the custodian for physical silver in the (SLV) ETF. Thursday and Friday saw volume increases in many silver investments, including a big jump in volume on the silver ETF (SLV). Whether driven by rumor or the Reddit army actually coming in, their plan is severely flawed. Their plan from a number of Internet postings is to create huge buying volume into the ETF to drive silver prices higher. This article suggests Wallstreetbets has started their move into silver. It just so happens the SLV ETF posted a new prospectus on Jan. 13,2021. It looks like great timing to protect their assets. Below is some of the highlights in the prospectus, the bold highlighting is their doing.
The Trust intends to issue Shares on a continuous basis. The Trust issues and redeems Shares only in blocks of 50,000 or integral multiples thereof. A block of 50,000 Shares is called a “Basket.” These transactions take place in exchange for silver. Only registered broker-dealers that become authorized participants by entering into a contract with the Sponsor and the Trustee (“Authorized Participants”) may purchase or redeem Baskets. Shares are created to reflect, at any given time, the market price of silver owned by the Trust at that time less the Trust’s expenses and liabilities.
A short squeeze is not possible on the ETF because an unlimited amount of shares can be created. And if these buyers believe that JPMorgan will be forced to buy more silver because of the rising demand in the ETF, they have all kinds of outs as reported in the prospectus.
The Trustee may suspend the delivery or registration of transfers of Shares, or may refuse a particular deposit or transfer at any time, if the Trustee or the Sponsor think it advisable for any reason. Redemptions may be suspended only (i) during any period in which regular trading on NYSE Arca is suspended orrestricted, or the exchange is closed, or (ii) during an emergency as a result of which delivery, disposal or evaluation of silver is not reasonably practicable.If the process of creation and redemption of Baskets encounters any unanticipated difficulties or is materially restricted due to any illiquidity in the market for physical silver, the possibility for arbitrage transactions by Authorized Participants, intended to keep the price of the Shares closely linked to the price of silver may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAVThe COVID-19 outbreak will have serious negative effects on social, economic and financial systems, including significant uncertainty and volatility in the financial markets. For instance, the suspension of operations of mines, refineries and vaults that extract, produce or store silver, restrictions on travel that delay or prevent the transportation of silver, and an increase in demand for silver may disrupt supply chains for silver, which could cause secondary market spreads to widen and compromise our ability to settle transactions on time. Any inability of the Trust to issue or redeem Shares or the Custodian or any subcustodian to receive or deliver silver as a result of the outbreak will negatively affect the Trust's operations.The Sponsor and its affiliates manage other accounts, funds or trusts, including those that invest in physical silver bullion or other precious metals, and conflicts of interest may occur, which may reduce the value of the net assets of the Trust, the NAV and the trading price of the Shares.Furthermore, although the Custodian is generally regulated in the UK by the Prudential Regulatory Authority and the Financial Conduct Authority, such regulations do not directly cover the Custodian’s silver bullion custody operations in the UK. Accordingly, the Trust is dependent on the Custodian to comply with the best practices of the LBMA and to implement satisfactory internal controls for its silver bullion custody operations in order to keep the Trust’s silver bullion secure.Silver transferred to the Trust in connection with the creation of Baskets may not be of the quality required under the Trust Agreement. The Trust will sustain a loss if the Trustee issues Shares in exchange for silver of inferior quality and that loss will adversely affect the value of all existing Shares.Share SplitsIf the Sponsor believes that the per Share price in the secondary market for Shares has fallen outside a desirable trading price range or if the Sponsor determines that it is advisable for any reason, the Sponsor may cause the Trust to declare a split or reverse split in the number of Shares outstanding and to make a corresponding change in the number of Shares constituting a Basket.
As you can see JPMorgan has all kinds of outs from actually purchasing physical silver if you trust them in the first place. Ultimately as highlighted below, this ETF could just blow up and even be terminated.
Authorized Participants with large holdings may choose to terminate the Trust. Holders of 75% of the Shares have the power to terminate the Trust. This power may be exercised by a relatively small numberof holders. If it is so exercised, investors who wished to continue to invest in silver through the vehicle of the Trust will have to find another vehicle, and may not be able to find another vehicle that offers the same features as the Trust.
The volatility could just cause it to blow up like the NUGT ETF last March. NUGT is supposed to be 2X the GDX and you can see it turned into 1/2 times. 📷 Investors that bought GDX have a +60% gain while those in NUGT have a -30% loss over the shown time frame. As of the close of business on Jan. 13, 2021, the net asset value of the SLV Trust was $14,091,710,671 and the NAV was $23.54. GameStop (GME) has traded twice this valuation and more in a single trading day. The Wallstreetbets crowd could cause volatility and another likely outcome is a spillover into silver related stocks, the silver miners. I would avoid the SLV ETF. I prefer the Sprott Physical Gold and Silver Trust (CEF). It's 50/50 gold and silver. For a pure silver play, the Sprott Physical Silver Trust (PSLV). Before I get into some of the silver stocks, more on the silver metal itself. Silver is a very unique metal. It's considered a precious metal and often referred to as "poor-man's gold." I consider it a distant second to gold as a precious metal, but silver's strong industrial demand is an advantage it has over gold. The other unique thing about silver is its very small market size. The Silver Institute is projecting mine supply for 2020 at 790.8 million ounces, which is at eight-year-lows. At current prices around $25 this annual production is valued around $20 billion. Just one stock, Apple (AAPL) is valued 100 times higher. This very small market presents a challenge for investors because you will not find many $1 billion plus liquid investments. Next, let's look at the industrial demand. For investors this makes the silver market much less liquid and why there are high premiums on silver coins. So much silver is off the market lying in silver panels, jewelry and silverware. Silver in solar panels grew 7% in 2019 to it's second highest annual level ever. With a Biden victory, The Green New Deal is back in play so solar and consequently silver is in the limelight. Silver is the best conductor of electricity and is in high demand with the electrification in the auto industry. Projections in the chart below show a steady increase into 2030. 📷 Silver is known as poor man's gold, because it often runs up in price with gold and was once extensively used in coinage around the world. Currently the gold to silver ratio just came off historical highs and today is around 73, shown in this next chart. 📷 Silver is more difficult to analyze than gold because gold has almost no uses except as money. (Gold is widely used in jewelry, but I consider gold jewelry a hard asset, what I call “wearable wealth.”) Silver has many industrial applications and is both a true commodity and a form of money. This means that the price of silver may rise or fall based on industrial use, but also can be influenced by monetary factors such as inflation, deflation, and interest rates. Silver always will be a form of money. I have been commenting that all the recent money printing and more so under the Biden administration, that confidence will erode in central bank money. Investors and savers will increasingly turn to physical money (gold and silver) and non-central bank digital money (bitcoin and other crypto currencies) as stores of wealth and a medium of exchange. The issue for silver investors is the lack of highly liquid, billion-dollar companies. Some favorites in the past like Hecla (HL) and Coeur Mining (CDE) are really more so gold miners. Coeur's revenue from silver is only about 27% of revenue, the rest is gold, according to their Q3 report. Hecla has a better silver to gold ratio, with about 48% of revenues from silver over nine months according to their Q3 report and using today's metal prices. Pan American Silver (PAAS) has only about 31% of revenue from silver according to their production numbers in their Q3 report and using their realized gold and silver prices. The best leverage to silver for a major miner is First Majestic Silver (AG) with a market cap last Friday of US$4 billion. According to their presentation 65% of revenue is from silver and 35% from gold. I already have suggested First Majestic and it's up substantially. The stock had a nice move in the last few days to $17.86 from $14. It could be attributed to increased interest with the Wallstreetbets news, but there was another development with First Majestic last week. Their mines are in Mexico and for some time they have been in dispute with the government over tax rates. Bloomberg reported that First Majestic won a reprieve on criminal tax fraud charges in initial Mexican court hearings. A judge in Mexico City declined to charge the mining company with criminal tax fraud, according to the report. Prosecutors can still return to court and present additional evidence. One of the people said the judge delayed the ruling until an audit by Mexico’s tax authority was finished and that the judge hadn’t ruled yet on the evidence presented in the case. First Majestic has 146.5 million ounces silver equivalent in the Proven and Probable category plus 267.8 million ounces silver equivalent (M&I) Measured and Indicated Resources. The total is 414.3 million. Market cap at 222M shares X $18.12 = $4.022 billion, less $238M cash, plus $140M debt cash gives a rough EV per silver ounce of $9.50. This next graphic is from First Majestic's presentation. It shows that BMO's silver report is predicting 70% revenues from silver for First Majestic. It is also a good comparison to other silver producers. 📷 The stock broke out above resistance Thursday/Friday. A short squeeze might also be in play here. Shortsqueeze reports the last short position at 45.8 million shares. 📷 Endeavour Silver (EXK) is worth a look and will trade with the silver price. They have Proven and Probable reserves 82 million ounces silver equivalent plus 43.6 million ounces M&I for a total of 125.6 million ounces. There are 157M shares out X $4.95 = $777M market cap less $45m cash, plus $7m debt for a rough EV per ounce of $5.90 They are valued cheaper than First Majestic on a per ounce basis but are a much smaller producer. Endeavour achieved their 2020 production guidance with 6.5 million ounces silver equivalent produced. First Majestic produced 25.6M ounces in 2019 and it looks like they will come in around 20M ounces for 2020, a drop due to COVID-19 mine shutdowns. Near term I prefer First Majestic because the breakout on the chart and the large short position. The company provided this chart in their presentation that shows the large increase in the short position. I noted the 45.8 million shorts reported on the US side and when we add in the 4.1 million shorts reported on Toronto, the total is almost 50 million for the period to Jan. 15. 📷 I'm avoiding Silvercorp Metals (SVM) with a market cap around US$1.1 billion. All their production is in China. Relations are on the decline between China and Canada as well as the US. Recently in December Canada blocked a Chinese takeover of a gold mine in Nunavut Canada. Next is to explore further down the chain to the silver developers and explorers. I have previously presented 1 on SA, so this is some follow up developments. Despite their name, they have ended up discovering a high grade silver discovery in Nevada. Here are some recent drill results from their Tonopah West project in the Walker Lane trend:
Jan. 14, 2021, news - TW20-061C cut 18.5 meters grading 295 g/t AgEq (142 g/t silver and 1.54 g/t gold) which included 1.52 meters of 1,791 g/t AgEq (808 g/t silver and 9.83 g/t gold)(Ag/Au = 100:1);
and TW20-041C cut 3.11 meters grading 386 g/t AgEq (198 g/t silver and 1.88 g/t gold), including 0.31 meters of 1,121 g/t AgEq (571 g/t silver and 5.5 g/t gold);
Dec. 3, 2020, news - TW20-037 cut 3 meters returning 10.5 g/t gold and 1,188 g/t silver or 2,238 g/t AgEq along the Merton vein and indicates 290 meters of dip potential. Silver:gold ratio is 100:1 using a 200 g/t AgEq cut-off grade;
and TW20-027 drilled 12.2 meters grading 297 g/t AgEq at Bermuda-Merton vein intersection;
and TW20-022 intersected 4.5 meters grading 285 g/t AgEq on the Paymaster vein.
There was significant news on Dec. 18 when Summa Silver (OTCQB:SSVRF) reported results of core drilling along the eastern border of the Tonopah West project. It shows the Victor vein extends 480 meters to the east. Summa Silver's drilling along strike of the VictoMurray vein adjacent to Blackrock’s eastern border returned 1,079 g/t AgEq (5.19 g/t Au and 560 g/t Ag; Au/Ag=100/1) over a 0.9 meter interval in SUM20-17 (see Summa Silver (CSE: SSVR) news release Dec. 17, 2020). Additional reported intercepts from Summa Silver in the VictoMurray zone included 582 g/t AgEq (2.41 g/t Au and 341 g/t Ag) over 0.7 meters and 6.8 meters grading 212 which included a high interval 0.8 meters of 727 g/t AgEq (3.56 g/t Au and 371 g/t Ag). These drill intercepts confirm the VictoMurray vein system extends to the eastern border of the Tonopah West project giving an additional 480 metres of strike on Blackrock’s project. Blackrock is awaiting additional assays from further drill holes from this target area. This property and drill map of Blackrock's project gives a good picture of their recent drilling. I pasted in a red arrow to point out the direction of Summa Silver's recent drill hit. 📷 This graphic is from Summa's presentation and gives a better representation of their relevance to Blackrock Gold. I highlighted Summa's relevant drilling with the red circle. 📷 Summa Silver is a worthy silver play but they are less advanced than Blackrock. They are not as well financed and the liquidity on the stock is far less. Junior exploration companies have to continue to raise cash because they have no cash flow. This is a risk factor with these exploration stocks, so their cash levels and finance ability are important. Blackrock's last financial statements ending July 31,2020, reveal $10.7 million in cash and no long-term debt. Furthermore, they just announced a $7 million bought deal financing with Red Cloud Securities that was increased to $9 million last Friday. Famed billionaire Eric Sprott who is known to be very bullish on silver is a major shareholder. Most liquidity for the stock is on the TSXV, symbol BRC where it traded 2.3 million shares on Friday. 📷 The stock has corrected a long way from its peak and has mostly filled the gap from last July. It has recently bounced off of support and I see as a good buy near recent lows. A close above $1.10 will confirm a new up trend. Another silver company I have followed for many years and is approaching the mine development stage is Discovery Metals (OTCQX:DSVMF). The company was formerly known as Levon Resources and I had known CEO Ron Tremblay for many years. Sadly he passed away in March 2019. Subsequently Levon was combined with Discovery Metals in May 2019. Discovery's flagship project is its 100%-owned Cordero silver project in Chihuahua state, Mexico. The company's drill results to date show that Cordero is developing all the attributes of a Tier 1 project, significant organic growth opportunities and well located in one of Mexico's premier mining belts. The 43-101 resource in 2018 came in at 407,761,000 ounces silver indicated with 8 billion pounds of zinc, 3.7 billion pounds lead and 1.27 million ounces of gold. This is a massive deposit at 1.5 billion ounces silver equivalent (AgEq) at a cut-off grade of 40 g/t AgEq, hence the high leverage to silver. I often commented in the past that Discovery has the largest leverage to the silver price and I still believe that today. That said, the company is progressing with a higher grade portion of the project. Shares outstanding 307 million.
Founders/Management 11%
Eric Sprott 27% (his largest silver related holding)
Institutions 28%
This slide from their presentation shows their focus to a higher grade portion of the project. 📷 Discovery Metals outlined their 2021 work program and budget for their Cordero project, Mexico in a Jan. 19press release. Taj Singh, president and chief executive officer, stated:
We anticipate 2021 will be a transformative year where we firmly establish Cordero as one of the few silver projects globally that offers margin, size and scalability. Our focus is to both derisk the project by delivering a technically robust PEA (preliminary economic assessment) and to deliver resource growth by expanding known zones and making new discoveries. We plan to complete 66,000 meters of drilling."Other key project development milestones for 2021 include completion of social baseline assessment and progress on environmental baseline studies. Our planned work for metallurgy, processing, geotech and hydrology will go above and beyond what is typically included in a PEA study and will identify areas where we can accelerate prefeasibility work.Our current cash balance of approximately $82 million places us in a very strong position to fund our planned expenditures at Cordero this year of approximately $26 million.2021 drill plans
The company plans on completing 66,000 meters of drilling in 2021 based on four drill rigs operating throughout the year. This program and the number of drill rigs may be expanded when the company is confident that the health and safety risks related to COVID-19 can be managed effectively. This next slide from their presentation highlights the high grade area they will focus on. A central portion of this could be a high grade starter pit. 📷 At C$1.85 close on Friday, the market cap is about C$568 million. Less $82 million cash, the EV per ounce of silver equivalent is around C$0.32 or around US$0.25 per ounce. This is very low because of the low grade of many of these ounces. If silver were to climb to $40 or more, suddenly a lot more ounces become economic. The project also is sensitive to zinc that has increased to about $1.20 pound from $0.80 in March 2020. This chart is in Canadian dollars where most volume trades under symbol DSV. The stock responded very well to silver's rise in July. There was a healthy correction and a new up trend is underway. I'm looking for the stock to test old highs over $2.50. A drop below $1.50 would be bearish. 📷 Conclusion I believe the silver ETF (SLV) is not a good way to play a rise in silver prices. The silver market is very small and a considerable amount of buying could absorb much or all of the physical metal. How SLV would respond if they cannot obtain and back the trust with physical metal is unknown and a considerable risk. Sprott's PSLV trust does not automatically issue shares, but could do so at their discretion when physical metal can be obtained. They initiated an at-the-market equity program in Canada and the United States. Sprott (as the manager of the Trust) and the Trust, entered into an amended and restated sales agreement (the "Sales Agreement") with Cantor Fitzgerald & Co. At their discretion they could issue shares for aggregate gross proceeds to the Trust of up to $1,218,630,164. First Majestic offers the leverage of a silver producer, is very liquid and has the added enhancement of a possible short squeeze. Blackrock offers investors a possible high beta return because of the very high grade of their silver discovery. Discovery Metals offers high leverage to rising silver prices because of the low grade nature of much of the silver ounces in their deposit. First Majestic and Discovery Metals operate in Mexico, so there's some country-related risk. Mexico is well known as a favorable country for mining and has deemed mining essential under COVID-19 protocols. Blackrock operates in Nevada, probably one of the best precious metal jurisdictions in the world.
Chinese California: A comprehensive guide to play as Quinqiu in DoD
This country has turned into my favorite one from DoD, so I decided to make a guide that covers most (or at least the ones I know) ways to play this country, I hope you guys like it, any feedback or questions would be welcomed.
1. What's Quinqiu?
Quinqiu it's a country located in the west coast of Arcadia (North America) funded in the middle ages by chinese settlers, it started as a group of city states, but it quickly unified, with Sanbao (San Francisco in our time-line) as the dominant one, after a war against the spanish that settled the borders that we can see in DoD initial map. Quinqiu starting position
2. Why is an interesting option?
For one side, since it's located in the new world you get a lot immigration from europe and asia and get the decision Land of Opportunity (which gives 450% of immigration) as a decision as the start of the game, for another your start position allows you grab a lot of uncolonized land in the middle and north of Arcadia and subjugate aboriginal states. But most importantly, since you belong to the chinese cultural group you get the Chinese Reunification CB, which allows you to conquer land from the chinese states and potentially form China. Return to China decision as shown in the game The problem is, forming China or at least trying to grab some land from them it's not going to be an easy task. To begin with, you are both economically and technologically far behind the other arcadian nations in the east coast and have way less population. Vinland, Belgian Confederacy and Plantagenia start with at least 1M pops while you only start with 700k, you don't start with as much reforms so immigrants more likely are going to migrate to the other arcadian countries, on the top of that, once Arcadian Union is formed they get cores over your land. To make things worse, there's Japan, which holds a colony in the north called Kita Kaigan (Alaska in out time-line) and they later get a decision to conquer all your whole country Quinqiu starting Tech Tree So, after all this exposition, playing as Quinqiu might feel like a rather impossible task, like forming India as Sikkim, but in reality not only surviving but also getting dominance over Arcadia is very feasible. I'm going to try to explain the general ideas to turn Quinqiu from a almost failed ex-colony and Japan's toy to a global superpower.
3. First Steps
Isolate yourself from Arcadia and Amerigan politics
You don't get to have a decent enough army until mid-late game, in the early you can barely hold four or five brigades, so trying to get yourself involved into Arcadian-Ameriga wars would be pointless, you are just going to weak yourself. Dissolve your alliance with the incas, try go keep close relations with your neighbors, specially Gran Colombia, but in general, do not accept any alliance. Breaking our alliance With the Incas. They only will take you to useless wars Rushing for secondary power position with prestige tech spam to grab as much uncolonized land as you can and get alliance with the belgians and colombians to beat them and take their colonies might seem like the best route, but then again, your army is not at the same level, they scalate way quicker and they are going to beat you and take their land back later for sure, specially if one of the arcadian countries get to form Arcadian Union.
Land of Opportunity decision
So, as I stated before, this decision gives you +450 immigration for 20 years and you get it from the start of the game don't need anything particularly special;however, taking it as soon as possible is not the best option since there aren't a lot of people migrating in the early game, not to mention that all the new world nations take it as the game starts, so it won't work as efficiently as if only you had the +450% burst. I prefer to save it for mid-late game, when most nations have already lost their immigration burst, there are more people in the world and more wars in europe. Decision, as shown in game
Industrializing
Fund the project of your capitalist, start industrializing as quickly as you can, this going to encourage more immigrants into your country
Use your focus to improve administration eficiency and raise the number of intelectuals
A minor point, but important nevertherless
Focusing and using the White Peace Militancy exploit to get some reforms
Instead of rushing for uncolonized land in Arcadia, a better option is to focus on Oceania, there are way weaker countries here, such ass Hawaii, Rapa Nui or Tui Tonga, they don't have an army at all, neither any population to sustain themselves, so they are basically free real estate, and since oceania is considered the new world they are going to get immigrants and are going to get assimilated very quickly. By "White Peace militancy exploit" I'm referring to a negative buff that comes from not white peacing when you are losing a war for a great margin. See, when you are losing a war not white peacing cost +1 militancy and +5 war exhausting, which might seem like a bad thing but actually rising you militancy would allow you to pass reforms really easily. I like to justify a protectorate over rapa nui and then just do nothing until the Casus Belli Grace time of 700 days start kicking out and giving negative score. After a while They are going to start sending white peace and rising your militancy. At this point you are going to be able to pass reforms. White peace exploit First focus on Voting Franchise, rush until Universal voting, which gives +55% of immigration, then try to get Secret Ballots, Cultural Rights and Trade Unions. The trade unions are important because it encourage people to ask for Social Reforms rather than Political Reforms. Social reforms are better because you get to improve your School System and your Health Care System, the first one makes easier to assimilate your unaccepted pops and the second one is going to make your population grow faster. Keep in mind the buffs from these reforms comes with a higher cost of administration. Unless you have a strong economy, do not focus on other social reforms. Unemployment subsidies and Pensions are going to come with a higher Social Spending, which at the start of the game is only going to backtrack you, while Safety regulation, Minimum wage and Work Hours is only going to make your factories to produce less and disencourage Capitalists to open new ones. Do not go for too much time with this, since there's one point where your militancy is going to keep growing and you won't get any reforms at all, this is going to cause revolts. Passing Universal voting, secret ballots, at least three levels of Trade Unions ar at least one social reform is going to be more than enough. This is self hurting your country but when finally green immigration you are going to see the fruits of your effort.
4. Early Game
Going for Tui Tonga
After annexing Rapa Nui, Tui Tonga looks like the next logical option. Hawaii is fine, but you later can annex them by sphering them. Annexing Fiji or Samoa from Tui Tonga gives you a port where you can send settlers to New Caledonia and Motu Timu (North Island in our time-line) during the mid game. These regions start with 30 life rating and they are away from any european colony in the region so once you turn into secondary power you would be able to grab them without any effort
Going for Zhourao
Zhourao has a similar story as you, it's the result of Chinese settlers in the region and later turned into an independent state, but unlike you they start as an absolute monarchy and don't have the Land of Opportunity as starting decision so even when they are in the new world they are not going to get any immigration at all, adding the fact that they are even more behing technologically compared to the rest of the new world and they only start with 350k, however, they start with really good ports, so invading them is going to be a good first step in our conquest of China. As bad as your army is, Zhourao's is worse Another important thing to note is that they get the decision to grab land uncolonized land from the region, you wouldn't have to attak for the colonies, instead grab the regions, they only have four. Once you get three of them the next one is going to be the Conquest Casus Belli and you are going to get all their colonies with the last region. This land is very sparserly populated and since it's considered new world it gets immigrants so it's easy to assimilate, you won't have to worry about revolts until late game.
Going for South East Asia
This another possibility, specially Brunei because of the oil and its proximity to mainland China The proble is, usually europeans trend to have an aggresive focus against these countries so by the time you would start colonizing the best region might be already taken by europeans.
Grabing some land from the middle of Arcadia
After you get Ideological Though you can grab some colonies from the middle of Arcadia. They don't have cores of other countries, at least not in the early game, so don't worry, for now. Decision that allows you to get land from middle Arcadia
Annexing Rohnnst
Rohnnst is a small native american country that once you have a border with them you get an event that allows you to annex them for just 5 infamy.
Becoming secondary power and colonizing
This step is pretty straight forward. Now you have more than enough reforms to get a substantial amount of immigrants you are going to come to your country. Do not rush Secondary Power status with prestige spam tech, you are going to get it eventually from industrialization. Focus on infraestructure (trains) and power (to make your factories to produce more and getting more money out of that) tech. Once becoming Secondary power, you can start colonizing the rest of Zhourao along the near islands I mentioned some points ago. Colonizing some near land once turned into secondary power
5. The Gran Colombian - Spanish war and the Congress of Andargoya
This is my favorite part of this mod, because the result of this two events heavely affects your playthrough and it always unnexpected. As you might now, Spain start in war with Gran Colombia, they want independence while Spain tries to take back to control. The result of this war heavely affects your game Andargoya congress global event
If none of the sides wins, the Spanish indies get divided in two, the north goes to Gran Colombia while the South goes to Spain, also the Andargoya region (Panama in our timeline) get ceded to Spain. Later there's another war where Spain tries to claim the rest of gran colombia, which is wins, they get completely incorporated into the spanish dominions (no dependencies)
If Colombia wins
The Andargoya congress event gets fired, this leds to the New World republics to discuss if they are going to form a new pan-amerigan nation or if they are going to form their own republics and go their own way. There are there, even four results:
Success
All the republics get to be part of one single nation: Gran Colombia
Partial Success
The north unifies under one flag while the south gets their independence
Failure
Total failure of Gran Colombia, all the republics get their independence. There's another result where although the congress is a failure, the mexicans coerce the other republics to be part of gran colombia against their will, this result in a more unstable GC with only mexican as accepted culture. Discussing how this six scenarios affect the gameplay of the new world as a whole could result in a whole guide by itself, but to put in simple words, the best scenario is when Spain wins the whole thing, because Spain gets a really hard mid-late, they don't usually do well so you can claim your cores on south Arcadia later. Not to mention they don't get the immigration benefits, so even if Mexico or Lusitania breaks free they are not going to be as strong as an independent Mexico in the start of the game. And even better scenario is where Spain form the different viceroyalties of the new world because there's an obscure event which states if you take the capitals of all the viceroyalties for a year you can force Spain to leave the new world, this cede their ports in the caribbean to you, the Galapagos islands and set the viceroyalties along with Cuba free. The worse scenario is an independent Mexico, as counterintuitive as it might seem, Gran Colombia is not really that strong or stable, they get a lot of independent movements and revolts, they don't get strong until late game when they have already assimilated their minorities into mexican culture, they have really low literacy on the top of that, to put in simple words, they are a paper lion. Mexico, on the other hand, start with a strong national composition, with small and weak independent movements and higher literacy, since they are smaller they can settle in the north quickly, taking your cores on mexican land is going to be way harder and assimilating them later is might be an imposible task, not to mention they are going to suck your immigrant influx, and on the top of that they are very likely to become GP in mid-late game. To summarize
Spanish victory is the best scenario
Independent Mexico is the worst scenario
Independent Gran Colombia is the average scenario (and most likely)
6. Fighting Japan back
We are entering to the mid game, we are already settled the bases of our country, we are getting immigrants, we have colonies and we are industrializing. At this point you will have to face the first big great menace of your nation: Japan. Japan gets a decision that allows them to annex your entire country, they are great power are far ahead military and navally so beating them is going to be very difficult. I suggest you to built a navy, it doesn't need to be big or strong, Japan is ahead in that regard you can't surpass him; however, destroyings two transports could make the difference between 12k and 6k landing, even when you lose the battle. Try alliance Gran Colombia or Viland and call them into the war, they are specially efficient ocupying Kita Kaigan (Japanese colony in the north), just remember to cancel your alliance later so we won't get involved into arcadian wars. If all that fails and Japan manage to make a great landing, put your troops in the mountains east to Sangbao (Sierra Nevada in out time-line), that region has mountainous terrain so you are going to get defence buffs and the AI likely going to attack it. This war usually is very time and resource consuming, usually get extendend over two years; nevertheless you can get a lot from it: To begin with, at this point of the game, Japan usually has port in China, which you can add as a wargoal infamy free by the chinese reuinification CB, so if you win you are not only going to keep your independence, but also you would gain your first foothold in mainland China.
7. Entering the mid game
At this point most countries would have lost their +450% buff, it's pretty much efficient use this decision, you can also wait for late to use it during late for the great wars but I think late 50s, early 60s is the best moment to use it, since by late you are going to still get a lot of immigrants anyways. You can rush Naval doctrine to get more ports preparing for the colonization of the last remaining uncolonized lands, but since you are likely to focus on conquering China all your colonial points are going to go there, so you would never get a lot of colonial points. During the scrambles grabbing Tahiti, the rest of Zhourao and Minami Torishima (Marcus in base game) it's pretty factible since none of the other countries goes for them. At this point you would have the requirements to pass the Destiny South decision, which ironically, not only gives you cores on the south (Gran Colombian/Mexican territory) but also in the South and east; however i suggest you to save this decision for the late game.
8. The second Japanese War
When you become a great Power, you get the decision to assist the Kita Kaigan independence from Japan. Just like the last one, just ensure they are not going to land in your country by attacking their transports. With the time the war goal is going to tick in our favor and they will peace out. Now you get the decision to annex them peacefully by sphering them but I suggest you to leave this to the late game, since they just got their independence and have the Land of Opportunity decision they are going to get a lot of immigrants. Let it be for a couple of decades and then anex them, they are going to hold way more people like this.
9. 1870, machine guns and starting advancing over China
Get machine gun tech as soon as possible. With this technology we can start colonizing mainland China. During the Japanese-Quinqiu war you might have gotten a bit of chinese land from the japanese, if you didn't because Japan didn't got chinese ports at all you should justify a punitive expedition CB and get one. Once you got land in mainland China you will get the Chinese Reunification CB, which is an infamy free casus belli that allows you to get land from any country that holds chinese land. In current DoD version is pretty factible to form China, since while the regular wars gives 5 years peaces, the Chinese reunification gives only one year, on the top of that you can truce-break for only 20 prestige cost, no extra infamy or militancy penalty, so once weakened, you can keep attacking the chinese uncivilized countries to get even more land. Stablishing a port over Chinese territory Taking advantage of Quinxplotion Keep in mind, even if your army is far technologically superior than the Chinese, theirs is still far superior in number so you would need a really good attack general and an army not less that 60k if you wanna stand a chance. By this point of the game, usually the two main contesters for the Chinese inheritance are the Taiping Kingdom and Manchuria; Song/Nanjing usually gets absorbed by their neighbors, and Tungning gets their mainland and Christiania (Phillipines in our time-line) holdings raided by rebels and their capital annexed by Japan later; generally it's an stalemate between Taiping and Manchuria or one slowly eating the other one. In the second scenario you can attack the weak one and completely annex it in a decade, even sooner if you trucebreak. By 1900 you would have conquered all mainland China, only some ports, Macau and Hong Kong are missing. Late game completely annexed China
10. Forming China
So, this would be a rather controversial point. Personally I don't think forming China as Quinqiu is a particularly fun way or rewarding to play as this country, so I won't really got into a lot of detail of how to get the remaining ports from the countries I mentioned before. First of, since this decision moves your capital from Sanbao to mainland China you lost your new world status; the problem with this is that people from mainland China are going to start migrating to the new world, strengthening them. This whole guide revolves around getting dominance over the country, so giving immigrants to your neighbors is not really a good idea. Maybe in a gameplay when you are not focusing on getting more immigrants forming China would be rewarding, but without the immigrants probably you won't have a strong enough army to actually conquer China, not to mention you would lose a lot of benefits from being a country in the new world. After forming China you lost the classification of new world country. This benefits your neighbors a lot Second of all, you would get a massive amount of militancy; as counterintuitive as it might seem, a protectorate over China is very unlikely to revolt against you, most rebels are going to spam on your mailand in Arcadia (North America) or even in Zhourao, they don't usually pop up on colonized China. So although forming China is very possible at this point I don't like to take that decision.
11. Alternatives fo Chinese reunification
So, why conquering China in the first place? First of, you would get a tons of income out of taxation, because of the massive population in China, second of all you would get tons of soldiers for the exact same reason; I prefer to use China as a Human Quarry, that is to say, train their people into my army and use them against my enemies. Also they have really good ports, so at this point it would help to develop a good navy. As I said before, they are not likely to rise against you, so revolts won't be a problem. If you want to lower your infamy a bit you can release some of the chinese stantes, I like to release Song/Nanjing because unlike other chinese states, they start as Partially Westernized if you release them, they westernize very quickly and start putting immigrants into the rest of the world, most of them are going to go to your country. Having a Strong Army I suggest you to take the military industrial complex tech school which is going to strength your colonial army and your industry.
12. Taking Macau and Hong Kong
You only need a strong Navy, built a lot of Monitors and put them in stacks on ten around your coastline, they are going to stop Spanish and Burgundian navies if they want to land on your shores. They are very unlikely to surrender even if they are losing for a great margin, so don't expect them to surrender in a couple of months
13. Entering the new century
At this point you would have strong enough to be a GP, sphere Hawaii to annex them and take the option that allows you to conquer the rest of the Maori state. Research Military Directionism as soon as possible to get gas attack. Built steam transports and start taking your Chinese army into your mainland, also research Mass Politics as soon as possible to get the Dismantle Empire CB once someone discovers the Great Wars
14. The east Arcadia countries
Since we picked isolationism from Arcadia politics and diplomacy we haven't discussed a lot about this region. While west Arcadia is mostly calm and the only big war is the Japanese-Quinqiu war, in the east there's Vinland, the Belgian Confederacy and Plantagenia, countries that resulted from Scandinavia, Burgundian and Anglois colonisation respectively fighting for their cores, rebels and even natives getting independence from crisis. It's a constant warfare, but if one country manage to dominate the other two can annex them and later form the Arcadian Union which is going to be our biggest threat for dominance over the region. The Arcadian wars can come with two different results
Stalemate
There's no dominant power, the region ends in total anarchy, countries changing of ideology 24/7 and no one is migrating there, actually, they are emigrating from those countries. If that's the scenario, well, congratulations, you won, the one last enemy is Gran Colombia / Mexico. Map of a stalemate in Arcadia. None of the countries are GP and the three are fascist
There's a dominant country
Which usually is the Belgian Confederacy, once they get all their cores they get a decision to annex the other two arcadian countries and later form the Arcadian Union.
15. Completely obliterating Arcadian hopes and dreams of unification
Let's suppose two scenarios, one country, let's say
Belgium Confederacy has annexed the other two countries but haven't formed Arcadia yet for whatever reason,
in this case, once you get the gas attack and Dismantle Empire CB, pass the Destiny South decision and attack them for some of your cores in their land. With your imported chinese troops and gas attack you are going to stomp over the Arcadian army with no problem, even if they call Gran Colombia / Mexico into the war, add the Dismantle Empire CB. Once defeated, this CB is going to completely destroy the union, The Belgium confederacy is going to get reduced just to a handy of regions and lost all their cores in the rest of the region, not only that, but also all their pops get deported into their core provinces; Plantagenia and Vinland along with all the native american countries are going to get independence, which you can annex whenever you feel like it. Map of the belgian confederacy after signing the Dismantle Empire CB
Belgium Confederacy has formed the Arcadian Union
This scenario is a bit more complex, since using the dismantle Empire CB doesn't release the aboriginal countries and only is going to release Vinland or Plantagenia if they haven't signed the Arcadian Union congress: See, after annexing the other two countries, Arcadia gets the option to call a congress over the Vinlanding and Plantagenian territories, if they sign, they lost all their cores and their primary cultures become an accepted one for Arcadia; to exemplify, if Arcadia has Vinland as accepted culture but no Plantagenian, then after getting dismantled they are going to cede only Plantagenia. Map of arcadia after signing the Dismantling Empire Let's say, you used the dismantle CB and Arcadia lost Plantagenia; even then, they are still a really big country receiving a lot of immigrants, so the fight is not over. After the peace is finished attack them to release Anishibabe and later Nunatuv. Liberating Nunavut after annexing Anishibabe Lastly, taking our cores back and annexing Nunavut This is going to make them a lot of land and industrial power and you can annex these countries by just 5 infamy and since it's a sparsely populated region it's very easy to assimilate. At this point the remaining Arcadia is likely to fall into total collapse and get raided by fascist of communist rebels, so they won't become GP again.
16. Defeating Gran Colombia / Mexico
In the same vein as Arcadia, you can go an figh them and get all your cores back, with your highly developed army tech and imported Han troops they won't stop you. You can go for Bahia and Lusitania to get access to the Caribbean and get the valuable oil in the region, but this is rather optional.
17. Celebrating your success
If you have come this far, then congratulation! you just turned into the equivalent of USA of the Divergences of Darkness Mod; people from latin america, Africa and east Asia are going to be learning Quinqiunian chinese instead of English, Anglois or French, chinese culture is going to be a matter of export around the world, Shanghai animation is going to get the place of Disney in our timeline as the biggest and most influential animation studio in the world and people will discuss for generation the unspeakable things you did on the chinese protectorates in mainland China for generations. From this point you can just sit, manage your colonies, encouraging migration into your conquered lands and turn them into states. You can also intervene into european wars, but I prefer just chill out at this point.
Subsections 1, 2, 5, 6 and 7 of this regulation shall become effective on January 1, 1999. Subsections 3 and 4 shall become effective March 31, 1999. (Adopted: 11/98. Effective as identified at 7) For questions concerning this regulation, contact the Nevada Gaming Control Board. Nevada gambling officials have imposed a new regulation requiring casino patrons to use facial coverings at gaming tables where no acrylic glass partitions exist, a change following an increase of novel coronavirus infections two weeks after the establishments were allowed to reopen. Regulation 6, Accounting Regulations Page 1 (Rev. 07/17) REGULATION 6 ACCOUNTING REGULATIONS 6.010 Definitions. 6.020 Board audit procedures. 6.030 Procedure for reporting and paying gaming taxes and fees. 6.031 Transferable tax credits. 6.040 Accounting records. 6.045 On-line slot metering systems. 6.050 Records of ownership. Nevada Gaming Commission Approves Casino Reopening Policies, Advocates Demand More Precautions. Posted on: May 8, 2020, 03:33h. Last updated on: May 8, 2020, 10:34h. GAMING REGULATION IN NEVADA History In 1861, while Nevada was a territory, the first prohibition on all forms of gaming was passed into law. In 1869, the Nevada Legislature legalized gaming in spite of the Governor’s veto. This law approved numerous games and imposed the first licensing fee. All establishments where gaming is conducted and gaming devices are operated, as well as all manufacturers, sellers and distributors of gaming devices, are required by Nevada state law to obtain a gaming license. As of fiscal year 2018 there were 2,926 active licenses issued in Nevada. Nevada Gaming Control Act and Ancillary Statutes Incorporating Amendments to Chapters 462 - 466 of NRS . Note: Use the following links to access NRS Chapters 462-466 on the Nevada State Legislature website. Nevada officials reject petition to amend gaming regulatory rule An early proposal by Sightline Interactive and Sightline Payments is no longer under consideration by Nevada gaming regulators. Origins •Gaming was common at the inception of our great state. •The discovery of the Comstock Lode of 1859 near Virginia City brought miners from everywhere to Nevada. •Mining camps were generally lawless and wild places where gambling was frequently conducted. •Samuel Clemens in his book “Roughing It” remarked how gamblers occupied the highest status in Nevada Most gambling regulation originates from the Nevada Gaming Control Act (the “Act”), and the regulations promulgated by the Commission thereunder. Permitted licensed gaming under the Act includes gambling games, off-track pari-mutuel wagering and sports pools.
The Worlds Largest Airplane Landing in Oakland California ...
New Horizons is the first mission to the Kuiper Belt, a gigantic zone of icy bodies and mysterious small objects orbiting beyond Neptune. This region also is... Bienvenue sur la chaîne YouTube de Boursorama ! Le portail boursorama.com compte plus de 30 millions de visites mensuelles et plus de 290 millions de pages vues par mois, en moyenne. Boursorama ... Freedom over censorship, truth over narrative. We broadcast on TV in over 100 countries & had more than 10 billion video views on all platforms last year. If you don’t want your news filtered ... Home of news & politics commentary from the libertarian-left; populist; social democratic; agnostic-atheist perspective. You can nit pick all day about "the world's Largest Airplane" If you feel really strongly about it, put it in the comment section. This Antonov An-225 Mriya ... Electric vehicles, rockets... and now brain-computer interfaces. Elon Musk's newest venture, Neuralink, aims to bridge the gap between humans and artificial ... We went to Arizona to shoot some absolutely ridiculous and unnecessarily huge guns.Thomas gets a lesson in heavy artillery at the Big Sandy Shoot, where gun ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. At Forgotten Weapons I think the most interesting guns out there are the most obscure ones. I try to search out experimental and prototype weapons and show you how they work, in addition to more ... Angelina was spotted dropping her 18-year-old son off at Yonsei University in South Korea earlier this week.Exclusives from #ETonline :https://www.youtube.co...
