FACT CHECK: Was Trump Once Denied A Nevada Gaming License ...

nevada casino control commission

nevada casino control commission - win

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.
submitted by jorlev to SPACs [link] [comments]

Newt Gingrich - Why I will not accept Joe Biden as president

ANALYSIS/OPINION:
A smart friend of mine who is a moderate liberal asked why I was not recognizing Joe Biden’s victory.
The friend made the case that Mr. Biden had gotten more votes, and historically we recognize the person with the most votes. Normally, we accept the outcome of elections just as we accept the outcomes of sporting events.
So, my friend asked why was 2020 different?
Having spent more than four years watching the left #Resist President Donald Trump and focus entirely on undoing and undermining the 2016 election, it took me several days to understand the depth of my own feelings.
As I thought about it, I realized my anger and fear were not narrowly focused on votes. My unwillingness to relax and accept that the election grew out of a level of outrage and alienation unlike anything I had experienced in more than 60 years involvement in public affairs.
The challenge is that I — and other conservatives — are not disagreeing with the left within a commonly understood world. We live in alternative worlds.
The left’s world is mostly the established world of the forces who have been dominant for most of my life.
My world is the populist rebellion which believes we are being destroyed, our liberties are being cancelled and our religions are under assault. (Note the new Human Rights Campaign to decertify any religious school which does not accept secular sexual values — and that many Democrat governors have kept casinos open while closing churches though the COVID-19 pandemic.) We also believe other Democrat-led COVID-19 policies have enriched the wealthy while crushing middle class small business owners (some 160,000 restaurants may close).
In this context, let’s talk first about the recent past and the presidency.
In 2016, I supported an outsider candidate, who was rough around the edges and in the Andrew Jackson school of controversial assaults on the old order. When my candidate won, it was blamed on the Russians. We now know (four years later) Hillary Clinton’s own team financed the total lie that fueled this attack.
Members of the FBI twice engaged in criminal acts to help it along — once in avoiding prosecution of someone who had deleted 33,000 emails and had a subordinate use a hammer to physically destroy hard drives, and a second time by lying to FISA judges to destroy Gen. Michael Flynn and spy on then-candidate Donald Trump and his team. The national liberal media aided and abetted every step of the way. All this was purely an attempt to cripple the new president and lead to the appointment of a special counsel — who ultimately produced nothing.
Now, people in my world are told it is time to stop resisting and cooperate with the new president. But we remember that the Democrats wanted to cooperate with Mr. Trump so much that they began talking about his impeachment before he even took office. The Washington Post ran a story on Democrat impeachment plots the day of the inauguration.
In fact, nearly 70 Democratic lawmakers boycotted his inauguration. A massive left-wing demonstration was staged in Washington the day after, where Madonna announced she dreamed of blowing up the White House to widespread applause. These same forces want me to cooperate with their new president. I find myself adopting the Nancy Pelosi model of constant resistance. Nothing I have seen from Mr. Biden since the election offers me any hope that he will reach out to the more than 74 million Americans who voted for President Trump.
So, I am not reacting to the votes so much as to the whole election environment.
When Twitter and Facebook censored the oldest and fourth largest newspaper (founded by Alexander Hamilton) because it accurately reported news that could hurt Mr. Biden’s chances — where were The New York Times and The Washington Post?
The truth of the Hunter Biden story is now becoming impossible to avoid or conceal. The family of the Democrat nominee for president received at least $5 million from an entity controlled by our greatest adversary. It was a blatant payoff, and most Americans who voted for Mr. Biden never heard of it — or were told before the election it was Russian disinformation. Once they did hear of it, 17% said they would have switched their votes, according to a poll by the Media Research Center. That’s the entire election. The censorship worked exactly as intended.
Typically, newspapers and media outlets band together when press freedom is threatened by censorship. Where was the sanctimonious “democracy dies in darkness?” Tragically, The Washington Post is now part of the darkness.
But this is just a start. When Twitter censors four of five Rush Limbaugh tweets in one day, I fear for the country.
When these monolithic Internet giants censor the president of the United States, I fear for the country.
When I see elite billionaires like Mark Zuckerburg are able to spend $400 million to hire city governments to maximize turnout in specifically Democratic districts — without any regard to election spending laws or good governance standards — I fear for the country.
When I read that Apple has a firm rule of never irritating China — and I watch the NBA kowtow to Beijing, I fear for our country.
When I watch story after story about election fraud being spiked — without even the appearance of journalistic due diligence or curiosity — I know something is sick.
The election process itself was the final straw in creating the crisis of confidence which is accelerating and deepening for many millions of Americans.
Aside from a constant stream of allegations of outright fraud, there are some specific outrages — any one of which was likely enough to swing the entire election.
Officials in virtually every swing state broke their states’ own laws to send out millions of ballots or ballot applications to every registered voter. It was all clearly documented in the Texas lawsuit, which was declined by the U.S. Supreme Court based on Texas’ procedural standing — not the merits of the case. That’s the election.
In addition, it’s clear that virtually every swing state essentially suspended normal requirements for verifying absentee ballots. Rejection rates were an order of magnitude lower than in a normal year. In Georgia, rejection rates dropped from 6.5% in 2016 to 0.2% in 2020. In Pennsylvania, it went from 1% in 2016 to .003% in 2020. Nevada fell from 1.6% to .75%. There is no plausible explanation other than that they were counting a huge number of ballots — disproportionately for Mr. Biden — that normally would not have passed muster. That’s the election.
The entire elite liberal media lied about the timeline of the COVID-19 vaccine. They blamed President Trump for the global pandemic even as he did literally everything top scientists instructed. In multiple debates, the moderators outright stated that he was lying about the U.S. having a vaccine before the end of the year (note Vice President Mike Pence received it this week). If Americans had known the pandemic was almost over, that too was likely the difference in the election.
The unanimously never-Trump debate commission spiked the second debate at a critical time in order to hurt President Trump. If there had been one more debate like the final one, it likely would have been pivotal.
This is just the beginning. But any one of those things alone is enough for Trump supporters to think we have been robbed by a ruthless establishment — which is likely to only get more corrupt and aggressive if it gets away with these blatant acts.
For more than four years, the entire establishment mobilized against the elected president of the United States as though they were an immune system trying to kill a virus. Now, they are telling us we are undermining democracy.
You have more than 74 million voters who supported President Trump despite everything — and given the election mess, the number could easily be significantly higher. The truth is tens of millions of Americans are deeply alienated and angry.
If Mr. Biden governs from the left — and he will almost certainly be forced to — that number will grow rapidly, and we will win a massive election in 2022.
Given this environment, I have no interest in legitimizing the father of a son who Chinese Communist Party members boast about buying. Nor do I have any interest in pretending that the current result is legitimate or honorable. It is simply the final stroke of a four-year establishment-media power grab. It has been perpetrated by people who have broken the law, cheated the country of information, and smeared those of us who believe in America over China, history over revisionism, and the liberal ideal of free expression over cancel culture.
I write this in genuine sorrow, because I think we are headed toward a serious, bitter struggle in America. This extraordinary, coordinated four-year power grab threatens the fabric of our country and the freedom of every American. - Newt Gingrich
Source: https://www.washingtontimes.com/news/2020/dec/21/why-i-will-not-accept-joe-biden-as-president/
submitted by Ford_Martin to ConservativeKiwi [link] [comments]

My Dad and some Q shit he got sucked into

Both of my parents gladly voted for trump both times. They're conservative evangelical christians worried about taxes. Nothing special but their religous inclinations make them prime candidates for any conspiracy really though.
Got this little diddy from my father at 6 am.
Below written by Newt Gingrich A smart friend of mine who is a moderate liberal asked why I was not recognizing Joe Biden’s victory. The friend made the case that Mr. Biden had gotten more votes, and historically we recognize the person with the most votes. Normally, we accept the outcome of elections just as we accept the outcomes of sporting events. So, my friend asked why was 2020 different? Having spent more than four years watching the left “resist” President Donald Trump and focus entirely on undoing and undermining the 2016 election, it took me several days to understand the depth of my own feelings. As I thought about it, I realized my anger and fear were not narrowly focused on votes. My unwillingness to relax and accept that the election grew out of a level of outrage and alienation unlike anything I had experienced in more than 60 years involvement in public affairs. The challenge is that I — and other conservatives — are not disagreeing with the left within a commonly understood world. We live in alternative worlds. The left’s world is mostly the established world of the forces who have been dominant for most of my life. My world is the populist rebellion which believes we are being destroyed, our liberties are being cancelled and our religions are under assault. (Note the new Human Rights Campaign to decertify any religious school which does not accept secular sexual values — and that many Democrat governors have kept casinos open while closing churches though the COVID-19 pandemic.) We also believe other Democrat-led COVID-19 policies have enriched the wealthy while crushing middle class small business owners (some 160,000 restaurants may close). In this context, let’s talk first about the recent past and the presidency: In 2016, I supported an outsider candidate, who was rough around the edges and in the Andrew Jackson school of controversial assaults on the old order. When my candidate won, it was blamed on the Russians. We now know (four years later) Hillary Clinton’s own team financed the total lie that fueled this attack. Members of the FBI twice engaged in criminal acts to help it along — once in avoiding prosecution of someone who had deleted 33,000 emails and had a subordinate use a hammer to physically destroy hard drives, and a second time by lying to FISA judges to destroy Gen. Michael Flynn and spy on then-candidate Donald Trump and his team. The national liberal media aided and abetted every step of the way. All this was purely an attempt to cripple the new president and lead to the appointment of a special counsel — who ultimately produced nothing. Now, people in my world are told it is time to stop resisting and cooperate with the new president. But we remember that the Democrats wanted to cooperate with Mr. Trump so much that they began talking about his impeachment before he even took office. The Washington Post ran a story on Democrat impeachment plots the day of the inauguration. In fact, nearly 70 Democratic lawmakers boycotted his inauguration. A massive left-wing demonstration was staged in Washington the day after, where Madonna announced she dreamed of blowing up the White House to widespread applause. These same forces want me to cooperate with their new president. I find myself adopting the Nancy Pelosi model of constant resistance. Nothing I have seen from Mr. Biden since the election offers me any hope that he will reach out to the more than 74 million Americans who voted for President Trump. So, I am not reacting to the votes so much as to the whole election environment. When Twitter and Facebook censored the oldest and fourth largest newspaper (founded by Alexander Hamilton) because it accurately reported news that could hurt Mr. Biden’s chances — where were The New York Times and The Washington Post? The truth of the Hunter Biden story is now becoming impossible to avoid or conceal. The family of the Democrat nominee for president received at least $5 million from an entity controlled by our greatest adversary. It was a blatant payoff, and most Americans who voted for Mr. Biden never heard of it — or were told before the election it was Russian disinformation. Once they did hear of it, 17% said they would have switched their votes, according to a poll by the Media Research Center. That’s the entire election. The censorship worked exactly as intended. Typically, newspapers and media outlets band together when press freedom is threatened by censorship. Where was the sanctimonious “democracy dies in darkness?” Tragically, The Washington Post is now part of the darkness. But this is just a start. When Twitter censors four of five Rush Limbaugh tweets in one day, I fear for the country. When these monolithic Internet giants censor the President of the United States, I fear for the country. When I see elite billionaires like Mark Zuckerburg are able to spend $400 million to hire city governments to maximize turnout in specifically Democratic districts — without any regard to election spending laws or good governance standards — I fear for the country. When I read that Apple has a firm rule of never irritating China — and I watch the NBA kowtow to Beijing, I fear for our country. When I watch story after story about election fraud being spiked — without even the appearance of journalistic due diligence or curiosity — I know something is sick. The election process itself was the final straw in creating the crisis of confidence which is accelerating and deepening for many millions of Americans. Aside from a constant stream of allegations of outright fraud, there are some specific outrages — any one of which was likely enough to swing the entire election. Officials in virtually every swing state broke their states’ own laws to send out millions of ballots or ballot applications to every registered voter. It was all clearly documented in the Texas lawsuit, which was declined by the U.S. Supreme Court based on Texas’ procedural standing — not the merits of the case. That’s the election. In addition, it’s clear that virtually every swing state essentially suspended normal requirements for verifying absentee ballots. Rejection rates were an order of magnitude lower than in a normal year. In Georgia, rejection rates dropped from 6.5% in 2016 to 0.2% in 2020. In Pennsylvania, it went from 1% in 2016 to .003% in 2020. Nevada fell from 1.6% to .75%. There is no plausible explanation other than that they were counting a huge number of ballots — disproportionately for Mr. Biden — that normally would not have passed muster. That’s the election. The entire elite liberal media lied about the timeline of the COVID-19 vaccine. They blamed President Trump for the global pandemic even as he did literally everything top scientists instructed. In multiple debates, the moderators outright stated that he was lying about the U.S. having a vaccine before the end of the year (note Vice President Mike Pence received it this week). If Americans had known the pandemic was almost over, that too was likely the difference in the election. The unanimously never-Trump debate commission spiked the second debate at a critical time in order to hurt President Trump. If there had been one more debate like the final one, it likely would have been pivotal. This is just the beginning. But any one of those things alone is enough for Trump supporters to think we have been robbed by a ruthless establishment — which is likely to only get more corrupt and aggressive if it gets away with these blatant acts. For more than four years, the entire establishment mobilized against the elected president of the United States as though they were an immune system trying to kill a virus. Now, they are telling us we are undermining democracy. You have more than 74 million voters who supported President Trump despite everything — and given the election mess, the number could easily be significantly higher. The truth is tens of millions of Americans are deeply alienated and angry. If Mr. Biden governs from the left — and he will almost certainly be forced to — that number will grow rapidly, and we will win a massive election in 2022. Given this environment, I have no interest in legitimizing the father of a son who Chinese Communist Party members boast about buying. Nor do I have any interest in pretending that the current result is legitimate or honorable. It is simply the final stroke of a four-year establishment-media power grab. It has been perpetrated by people who have broken the law, cheated the country of information, and smeared those of us who believe in America over China, history over revisionism, and the liberal ideal of free expression over cancel culture. I write this in genuine sorrow, because I think we are headed toward a serious, bitter struggle in America. This extraordinary, coordinated four-year power grab threatens the fabric of our country.
submitted by musingsofmadman to QAnonCasualties [link] [comments]

Hard truths: Knight of Malta Frank Fahrenkopf and Roman Catholic priest John L. Jenkins control the Presidential Debates - American ideology is a failure and is literally Jesuitism

The Knights of Malta/Sovereign Military Order of Malta is a crusading Order dating back to the year 1099. They are considered a sovereign entity under international law and hold observer status at the United Nations. There is no other organization on earth which is considered sovereign while lacking actual territory and nationhood. The SMOM is an extremely powerful Vatican knighthood working to enforce the temporal/political power of the Holy See, now controlled by the Jesuit Order (also a military Order) since 1814.
The Jesuits have used their university system in America to train the Catholic laity who enter into government and politics. The foremost of these universities is Georgetown University near Washington D.C. There, the Jesuits have created entire programs dedicated to pushing the democratic form of government modeled on America. This is because around the 1950s, the American democracy was determined to be the best vehicle by which the Jesuits can take and maintain control of nations. The most prominent Jesuit who was responsible for the adoption of this course of action was John Courtney Murray who worked with the CIA (also Catholic controlled) to spread Americanism.
The technical details are as follows: Jesuit Robert Bellermine's indirect theory of papal power was revived under Pius XI in the 1930s for the purpose of infiltrating states using the Catholic Action movement comprised of the laity, especially in the intellectual sphere. The Catholic Action model of gaining political hegemony was promoted by powerful American Jesuit (CIA) John Courtney Murray who revised Bellermine's theory of indirect power; Bellermine having pushed the doctrines of equality taken up specifically by Thomas Jefferson. Murray was a leading advisor at the Vatican II conference which produced the document "Lumen gentium" calling on world action from the laity reflecting the earlier Catholic Action model. American democracy is the easiest politcal system for the church to control through this model, hence Murray's assistance to the CIA in spreading it. One may wish to view my recent video Commission on Presidential Debates: Catholic-Imposed Limitations in American Political Discourse which delves into this subject.
Now, The Commission on Presidential debates, founded and chaired by Jesuit Georgetown professor and Knight of Malta Frank Fahrenkopf is strictly governed so as to bar candidates outside of the two major politcal parties which uphold the standard American ideology the Jesuits seek to maintain and enforce throughout the world. Given the previous background on the Jesuits and American democracy, it is no surprise that Fahrenkopf was also a founder of the National Endowment for Democracy which has the goal of promoting democracy abroad.
The Commission on Presidential Debates (CPD) is a nonprofit corporation established in 1987 under the joint sponsorship of the Democratic and Republican political parties in the United States.[1][3] The CPD sponsors and produces debates for U.S. presidential and vice-presidential candidates and undertakes research and educational activities relating to the debates. It has run all of the presidential debates held since 1988. The commission's debates are sponsored by private contributions from foundations and corporations[4] as well as fees from hosting institutions.[5]
The commission's exclusion of third-party candidates from the debates has been the subject of controversy and legal challenges.
https://en.wikipedia.org/wiki/Commission_on_Presidential_Debates
Biographical information on CPD top brass:
Frank J. Fahrenkopf Jr. is a Knight of Malta and was the master of the casino gambling industry having been the President and CEO of the American Gaming Association since its inception until his retirement in 2013. Fahrenkopf was chairman of the Republican National Committee longer than any person in the 20th century and he co-founded the Commission on Presidential Debates together with another Roman Catholic, Paul G. Kirk who was Fahrenkopf's counterpart as head of the Democratic National Committee. Fahrenkopf has been a professor at Jesuit Georgetown University and he was a founder of the National Endowment for Democracy, where he served as vice chairman and a board member from 1983 to 1993.
Additionally, Fahrenkopf serves as a board member of the International Republican Institute (IRI), which he founded in 1984. He served for many years as chairman of the Pacific Democrat Union and vice chairman of the International Democrat Union, a worldwide association of conservative political parties from the United States, Great Britain, France, Germany, Canada, Japan, Australia and 20 other nations. Fahrenkop also sits on the board of directors of six New York Stock Exchange public companies: First Republic Bank, Gabelli Equity Trust, Inc., Gabelli Utility Trust, Gabelli Global Multimedia Trust, Gabelli Dividend and Income Trust, and Gabelli Gold and Natural Resources. For many years, he was a member of the board of trustees of the National Judicial College, the ABA-sponsored judicial education center for federal and state judges; chairman of the Coalition for Justice, a group coordinating the ABA's initiatives to improve the American justice system; and chairman of the Legal Policy Advisory Board of The Washington Legal Foundation. He was a member of the Nevada State Board of Bar Examiners, president of the Washoe County Bar Association and vice president of the Nevada Trial Lawyers Association. His civic involvement includes service as chairman of the board of governors of the City Club of Washington, a member of the board of trustees of the E.L. Wiegand Foundation, and a member of the Greater Washington Board of Trade, The Economic Club of Washington and the Federal City Council. Fahrenkopf also served as a co-chairman of the Rivlin Commission, which investigated and reported on the government of the District of Columbia. He has been honored for his contributions, receiving the Junior Chamber of Commerce Distinguished Service Award in 1973, the Nevada Lung Association “Man of the Year” Award in 1983 and the National Humanitarian of the Year Award from the National Conference on Christians and Jews in 1985.
https://www.rnla.org/bio/BioDetail.asp?MemberID=496 http://iop.harvard.edu/fellows/frank-fahrenkopf https://en.wikipedia.org/wiki/Frank_J._Fahrenkopf,_Jr.
The Notable Names Database lists Fahrenkopf's dossier as follows:
http://www.nndb.com/people/434/000125059/
John L. Jenkins is a Roman Catholic priest and is President of the University of Notre Dame. Jenkins was Jesuit-educated at Santa Clara University. Jenkins has served on the Board of Directors for The Commission on Presidential Debates since 2011.
Kenneth Wallock is a co-chair of the Commission on Presidential Debates who, at the 10th Anniversary of Georgetown University's Masters Program in Democracy and Governance cited Jesuit Georgetown University as pioneering work in the field. Wallock is a Board member of Fahrenkopf's National Endowment for Democracy and is the Former president of the National Democratic Institute.
Kenneth Wollack has been actively involved in foreign affairs, journalism and politics over the past four decades. He served as the president of the National Democratic Institute (NDI), a nongovernmental organization dedicated to advancing democracy worldwide, and one of the NED’s four core institutes. Wollack retired from NDI in September 2018.
Mr. Wollack joined NDI in 1986 as executive vice president. The Institute’s board of directors, then chaired by former Vice President Walter Mondale, elected him president in March 1993.
Mr. Wollack traveled to more than 100 countries, many on multiple occasions, in every region of the world on behalf of the Institute’s democratic development programs.
Chaired by former Secretary of State Madeleine Albright since 2001, the Institute maintains offices in more than 50 countries and works to support democratic elections, political parties, parliaments, civic engagement and women’s political empowerment. NDI was established as the result of a 1983 Act by the US Congress.
Before joining NDI, Mr. Wollack co-edited the Middle East Policy Survey, a Washington-based newsletter. He also wrote regularly on foreign affairs for the Los Angeles Times. From 1973 to 1980, he served as legislative director of the American Israel Public Affairs Committee (AIPAC).
Mr. Wollack has been active in American politics, serving on the national staff of the McGovern presidential campaign in 1972. He graduated from Earlham College in Richmond, Ind., and was a senior fellow at UCLA’s School for Public Affairs.
He has testified on numerous occasions before congressional committees, appeared on national television and radio, and spoken before world affairs councils across the country. He has served on various task forces sponsored by the Brookings Institution, the United States Institute of Peace, the Council on Foreign Relations, the Center for U.S. Global Engagement, the Bipartisan Policy Center and the Atlantic Council. He was chairman of the U.S. Committee for the United Nations Development Program (UNDP).
Mr. Wollack is currently serving on the Board of the Commission on Presidential Debates, which has sponsored the presidential and vice-presidential debates since 1988, and as a member of the advisory committee for the U.S. Agency for International Development, and the George W. Bush Institute’s Advisory Council on Human Freedom.
https://www.ned.org/experts/kenneth-wollack/
submitted by Veritas__Aequitas to conspiracy [link] [comments]

ILPT: Easy $160 million

Following his release from prison, Danny Ocean violates his parole by traveling to California to meet his partner-in-crime and friend Rusty Ryan to propose a heist. The two go to Las Vegas to pitch the plan to wealthy friend and former casino owner Reuben Tishkoff. The plan consists of simultaneously robbing the Bellagio, the Mirage, and the MGM Grand casinos. Reuben's familiarity with casino security makes him very reluctant to get involved, but when he starts to think of it as a good way to get back at his rival, Terry Benedict, who owns all three casinos, he agrees to finance the operation. Because the casinos are required by the Nevada Gaming Commission to have enough cash on hand to cover all their patrons' bets, the three predict that on the upcoming night of a highly anticipated boxing match, the Bellagio vault will contain more than $150,000,000.
Danny and Rusty recruit eight former colleagues and criminal specialists: Linus Caldwell, a young and talented pickpocket; Frank Catton, a casino worker and con man; Virgil and Turk Malloy, a pair of gifted mechanics; Livingston Dell, an electronics and surveillance expert; Basher Tarr, an explosives expert; Saul Bloom, an elderly con man; and "The Amazing" Yen, an accomplished acrobat. Several team members carry out reconnaissance at the Bellagio to learn as much as possible about the security, the routines, the behaviors of the casino staff, and the building itself. Other members create a precise replica of the vault with which to practice maneuvering through its formidable security systems. During this planning phase, the team discovers that Danny's ex-wife, Tess, is Benedict's girlfriend. Rusty urges Danny to give up on the plan, believing Danny incapable of sound judgment while Tess is involved, but Danny refuses.
On the night of the fight, the plan is put into motion. Danny shows up at the Bellagio purposely to be seen by Benedict, who, as predicted, locks him in a storeroom with Bruiser, a bouncer. However, Bruiser is on Danny's payroll and allows him to access the vent system and join his team as they seize the vault, coincident with activities of their other team members in and around the casino. Rusty calls Benedict on a cell phone Danny dropped in Tess's coat earlier and tells him that unless he lets them have half of the money in the vault, they will blow it up; Benedict sees video footage confirming Rusty's claim. Benedict complies, having his bodyguards take the loaded duffel bags to a waiting van driven by remote control. Benedict has his men follow the van while he calls in a SWAT team to try to secure the vault. The SWAT team's arrival causes a shootout that sets off the explosives and incinerates the remaining cash. After affirming the premises otherwise secure, the SWAT team collects their gear and departs.
As Benedict arrives to examine the ruined vault himself, his men stop the van and find the bags were only loaded with flyers for prostitutes. Benedict studies the video footage and recognizes that the flooring in the vault on the video lacks the Bellagio logo, which had been added only recently to the vault. It is shown that Danny's team used their practice vault to create fake footage to fool Benedict. Furthermore, they themselves were the SWAT team and used their gear bags to take all of the money from the vault right under Benedict's nose. Benedict goes to see that Danny has seemingly been locked up in the storeroom throughout the heist and thus innocent of any crime. As Tess watches via CCTV, Danny tricks Benedict into saying he would give her up in exchange for the money. Benedict, unsatisfied with Danny's plan to get back the money, orders his men to escort Danny off the premises and inform the police that he is violating his parole by being in Las Vegas. Tess leaves Benedict and exits the hotel just in time to see Danny arrested. The rest of the team bask in the victory in front of the Fountains of the Bellagio, silently going their separate ways one-by-one. When Danny is released after serving time for his parole violation, he is met by Rusty and Tess. They drive off, closely followed by Benedict's bodyguards.
submitted by MerylStreepAMA to IllegalLifeProTips [link] [comments]

DKNG - Fundamental DD Inside - DKNG

This is an example of fundamental DD that takes place at ‘smart’ money institutions based on my professional experience in IBD, Private Equity & most recently at a HF (mods can message me for proof). Not thoroughly fleshed out b/c you autists have limited attention spans, but a summary. Figured I’d take the time to give back to this community that has provided many lolz, & should be a good measuring stick when evaluating other forms of fundamental DD posted here.
NFA.
DKNG - DraftKings, Inc.: vertically integrated US mobile betting operator that also provides retail sports betting & back-end betting solutions through SBTech. Think of SBTech as the tech ‘market-maker’ for traditional sports betting, they do all the funny math to set the betting odds & seem to be working on back-end solutions for DKNG Casino
The Big Picture
Only ~2% of the ~$90Bn gambling revenues were placed online which is the lowest in the world where betting online is legal. For example, in other countries online gaming activity represents ~6% - ~52% of total gambling revenues, with ~12% being the average.
Wall Street expects online gaming revenue to be $20Bn-$40Bn within the next 10 years. For this to be achieved, the online gambling market will have to achieve a ~30% penetration rate on total country gaming revenues. There is an expectation that this is could be easily achievable given penetration trends overseas - see page 11 of this: https://s1.rationalcdn.com/vendors/stars-group/documents/presentations/TSG-Investor-Day_March-27-2019.pdf
Other catalysts include increasing adaptation of sports betting in more states. States that have both legal sports betting + online sports betting permitted: NV, NJ, WV, PA, IA. Sports betting permitted but no online: DE, MS, RI, MO, AR. Prior to COVID there was ongoing discussions across many States, especially ones with growing deficits to explore how permitting sports betting could create a fresh avenue of tax dollars. Post COVID there is an expectation that these discussions will be given extra focus as many States will be hungry for incremental tax dollars. Important to note that currently 43/50 States allow DFS, but given the small share DFS has on total Gaming Revenues, it increasingly looks like DKNG is banking on traditional sports betting for a variety of reasons, more later. There are entire articles on Google arguing this catalyst so I’ll end this here.
Digging Deeper
DKNG’s main offerings are Daily Fantasy Sports (“DFS”) products & traditional sports book products to its clients. Long story short, a metric to look for in my opinion (that is curiously not reported by management or remarked on) is the hold % in traditional gaming sector parlance or the ‘rake’ & compare it to the ‘traditional’ gaming products like sports betting & Blackjack.
For DFS: DKNG takes ~15% of the prize pool (note: used to be ~6-11% [2]). Curiously, their main competitor FanDuel also has moved up to a ~15% rake recently. Google searches show the smaller competitors have a rake in the ~13% range.
This ‘rake’ has grown ~2x in 6 years, but it has been a delicate move on behalf of management. Why? B/c the more ‘sophisticated’ DFS players (equal to autistic day traders on Robinhood) have noted this increase & based on some Googling, some have moved down market to the smaller players. As a side note, many live casino games have their rules altered to grow the Hold %. For example, Blackjack games with 6:5 payouts on 21 have materially higher Hold % than the traditional BJ rules that pay out 3:2. Given the findings so far, DKNG may not have much room to materially increase its hold % in DFS games in the near-term from current of 15%. More on this later.
Now why the fuck is this important? This is important b/c the typical sports book (ex-Parlays) have a ~5% hold %/rake. Parlays have up to a ~30% hold (which is why it’s commonly known as the sucker’s bet), & just for reference, the average Blackjack table clocks in 14.5%. What this means: Every dollar put into these games, the “House” or DKNG, will take 15% of your money for DFS games, for sports bets they will be pocketing ~5%, up to ~30% if you’re into parlays, & we’ll just use the standard 14.5% BJ hold for the DraftKings Casino platform.
So why the acquisition of SBTech & a foray into the traditional sports gambling market? As you can see previously, the illegal sports betting market is >30x the size of the current daily fantasy sports market. So it’s clear that the DFS providers including DKNG are foraying into the space to capture this user base & hopefully convert them into games that have a higher hold %, such as DFS/DKNG Casino.
As of May 2020, DKNG has achieved a 30% penetration rate on its ~4mm ‘monetized’ DFS clientele to its Online Sports Book (OSB), from the OSB+DFS clientele, DKNG has converted 50% into its DraftKings Casino platform.
Including non-monetized users, user base totals at 12mm. Based on these unit economics: every 1mm of additional users -> 333k monetized users for DFS -> 100k users for OSB -> 50k users for DraftKings Casino.
Some Numbers – Italicized/Bolded the important
Numbers that represent Risks to Long Thesis
Things to look for when going Long
- Progress of additional States legalizing sports betting – specifically, States with DFS already legalized
- Cost structure evolving to a more fixed mix vs. the mostly variable mix currently as this will be the forward figure that determines profitability
- Increasing User Base (Curr.: 12mm) -> Monetized Base (Curr.: 4mm) -> MUP (1Q’20: 0.7mm)
Share Price Target
Given the cost structure of the company, I’m going to base the price targets around Enterprise Value / Revenues (driven by MUPs & ARPUs).
Bear Case MUP: 5mm -> $20.32 - $45.73
Base Case MUP: 5.5mm -> $22.27 - $50.10
Bull Case MUP: 6mm -> $24.21 - $54.47
These MUPs imply a monetized customer base of 28mm – 33mm. At the high-end, this implies that DKNG monetized customer base will equal MGM’s current total user base.
At yesterday’s close of $43.70, DKNG is trading at 3.5x – 4.5x forward Revenues on an expected >5,000 MUPs.
Share Price drivers / considerations:
- Continued multiple expansion
- MUP Growth exceeding beyond targets
Management Team
Jason Robins, 39 – Co-Founder & CEO. Duke BA, started DraftKings from day 1 in 2011. The 2 other buddies he started the Company with are still at DKNG. Dude navigated the Company through the scandal that rocked them in ’15 & ’16, and was the trailblazer in getting DFS labeled as a non-gambling product that enabled it to open in States without a gaming designation. This shit is the stuff that gets people in history books. His accomplishments make him seem like a very competent guy. Has 3 kids now, and only ~3% economic ownership in DKNG but has 90% of the voting power through his Class B share ownership. Also he actively participates in venture investments, sitting on 10 boards.
His comp plan performance bonus target is pretty murky, but main drivers are EPS growth, revenue growth, then a bunch of margin & return metrics, along with share price returns. Overall, very open-ended & it’s safe to say as long as shit doesn’t hit the fan, he will be eligible for his max payouts year over year. I’m assuming the lawyers tried to encompass everything possible for maximum flexibility to justify him earning his max comp as long as DKNG is still around.
Since he’s got voting control of 90%, I’ll end the specific-person overview here, but want to note that they have a very bloated C-suite. 12 folks at DKNG, 8 folks at SBTech, all with C-suite designations. Whereas their main competitor FanDuel, has 3 guys with a C-suite designations & 1 EVP, but is a sub under a larger ParentCo that has its own management team of ~5 guys.
Looking through glassdoor you can see the biggest complaint among employees giving bad reviews is based on management, all of the specific issues they point out IMO are a result of a top-heavy company. Seems like a good starting point to optimize their cost structure, but given Robins' history of sticking this entire thing through with his co-founders since '11 stuff like this doesn't seem to be a part of his playbook. They’re a public company now though, so it’s going to be interesting to see going forward.
TL;DR:
If I were to initiate a position in DKNG, the stock would have to fall to the $35-$37 range for me to be a buyer of the stock, and based on this rough intro analysis I'll be considering Put options if it breaches $50. I would not touch Calls at this level.
​
[1] Wall Street Research - 6/27/19
[2] https://rotogrinders.com/articles/bang-for-your-buck-a-look-at-dfs-industry-rake-153302
[3] https://draftkings.gcs-web.com/static-files/8f3a5c5a-7228-45bf-aab2-63604111c48d
[4] Wall Street Research - 5/19/20
[5]https://www.gamasutra.com/view/news/223071/Dont_monetize_like_League_of_Legends_consultant_says.php
[6] https://rotogrinders.com/threads/how-many-people-actually-play-dfs-regularly-252044
submitted by IAMB4TMAN to wallstreetbets [link] [comments]

Hard truths: Knight of Malta Frank Fahrenkopf and Roman Catholic priest John L. Jenkins control the Presidential Debates - American ideology is a failure and is literally Jesuitism

The Knights of Malta/Sovereign Military Order of Malta is a crusading Order dating back to the year 1099. They are considered a sovereign entity under international law and hold observer status at the United Nations. There is no other organization on earth which is considered sovereign while lacking actual territory and nationhood. The SMOM is an extremely powerful Vatican knighthood working to enforce the temporal/political power of the Holy See, now controlled by the Jesuit Order (also a military Order) since 1814.
The Jesuits have used their university system in America to train the Catholic laity who enter into government and politics. The foremost of these universities is Georgetown University near Washington D.C. There, the Jesuits have created entire programs dedicated to pushing the democratic form of government modeled on America. This is because around the 1950s, the American democracy was determined to be the best vehicle by which the Jesuits can take and maintain control of nations. The most prominent Jesuit who was responsible for the adoption of this course of action was John Courtney Murray who worked with the CIA (also Catholic controlled) to spread Americanism.
The technical details are as follows: Jesuit Robert Bellermine's indirect theory of papal power was revived under Pius XI in the 1930s for the purpose of infiltrating states using the Catholic Action movement comprised of the laity, especially in the intellectual sphere. The Catholic Action model of gaining political hegemony was promoted by powerful American Jesuit (CIA) John Courtney Murray who revised Bellermine's theory of indirect power; Bellermine having pushed the doctrines of equality taken up specifically by Thomas Jefferson. Murray was a leading advisor at the Vatican II conference which produced the document "Lumen gentium" calling on world action from the laity reflecting the earlier Catholic Action model. American democracy is the easiest politcal system for the church to control through this model, hence Murray's assistance to the CIA in spreading it. One may wish to view my recent video Commission on Presidential Debates: Catholic-Imposed Limitations in American Political Discourse which delves into this subject.
Now, The Commission on Presidential debates, founded and chaired by Jesuit Georgetown professor and Knight of Malta Frank Fahrenkopf is strictly governed so as to bar candidates outside of the two major politcal parties which uphold the standard American ideology the Jesuits seek to maintain and enforce throughout the world. Given the previous background on the Jesuits and American democracy, it is no surprise that Fahrenkopf was also a founder of the National Endowment for Democracy which has the goal of promoting democracy abroad.
The Commission on Presidential Debates (CPD) is a nonprofit corporation established in 1987 under the joint sponsorship of the Democratic and Republican political parties in the United States.[1][3] The CPD sponsors and produces debates for U.S. presidential and vice-presidential candidates and undertakes research and educational activities relating to the debates. It has run all of the presidential debates held since 1988. The commission's debates are sponsored by private contributions from foundations and corporations[4] as well as fees from hosting institutions.[5]
The commission's exclusion of third-party candidates from the debates has been the subject of controversy and legal challenges.
https://en.wikipedia.org/wiki/Commission_on_Presidential_Debates
Biographical information on CPD top brass:
Frank J. Fahrenkopf Jr. is a Knight of Malta and was the master of the casino gambling industry having been the President and CEO of the American Gaming Association since its inception until his retirement in 2013. Fahrenkopf was chairman of the Republican National Committee longer than any person in the 20th century and he co-founded the Commission on Presidential Debates together with another Roman Catholic, Paul G. Kirk who was Fahrenkopf's counterpart as head of the Democratic National Committee. Fahrenkopf has been a professor at Jesuit Georgetown University and he was a founder of the National Endowment for Democracy, where he served as vice chairman and a board member from 1983 to 1993.
Additionally, Fahrenkopf serves as a board member of the International Republican Institute (IRI), which he founded in 1984. He served for many years as chairman of the Pacific Democrat Union and vice chairman of the International Democrat Union, a worldwide association of conservative political parties from the United States, Great Britain, France, Germany, Canada, Japan, Australia and 20 other nations. Fahrenkop also sits on the board of directors of six New York Stock Exchange public companies: First Republic Bank, Gabelli Equity Trust, Inc., Gabelli Utility Trust, Gabelli Global Multimedia Trust, Gabelli Dividend and Income Trust, and Gabelli Gold and Natural Resources. For many years, he was a member of the board of trustees of the National Judicial College, the ABA-sponsored judicial education center for federal and state judges; chairman of the Coalition for Justice, a group coordinating the ABA's initiatives to improve the American justice system; and chairman of the Legal Policy Advisory Board of The Washington Legal Foundation. He was a member of the Nevada State Board of Bar Examiners, president of the Washoe County Bar Association and vice president of the Nevada Trial Lawyers Association. His civic involvement includes service as chairman of the board of governors of the City Club of Washington, a member of the board of trustees of the E.L. Wiegand Foundation, and a member of the Greater Washington Board of Trade, The Economic Club of Washington and the Federal City Council. Fahrenkopf also served as a co-chairman of the Rivlin Commission, which investigated and reported on the government of the District of Columbia. He has been honored for his contributions, receiving the Junior Chamber of Commerce Distinguished Service Award in 1973, the Nevada Lung Association “Man of the Year” Award in 1983 and the National Humanitarian of the Year Award from the National Conference on Christians and Jews in 1985.
https://www.rnla.org/bio/BioDetail.asp?MemberID=496 http://iop.harvard.edu/fellows/frank-fahrenkopf https://en.wikipedia.org/wiki/Frank_J._Fahrenkopf,_Jr.
The Notable Names Database lists Fahrenkopf's dossier as follows:
http://www.nndb.com/people/434/000125059/
John L. Jenkins is a Roman Catholic priest and is President of the University of Notre Dame. Jenkins was Jesuit-educated at Santa Clara University. Jenkins has served on the Board of Directors for The Commission on Presidential Debates since 2011.
Kenneth Wallock is a co-chair of the Commission on Presidential Debates who, at the 10th Anniversary of Georgetown University's Masters Program in Democracy and Governance cited Jesuit Georgetown University as pioneering work in the field. Wallock is a Board member of Fahrenkopf's National Endowment for Democracy and is the Former president of the National Democratic Institute.
Kenneth Wollack has been actively involved in foreign affairs, journalism and politics over the past four decades. He served as the president of the National Democratic Institute (NDI), a nongovernmental organization dedicated to advancing democracy worldwide, and one of the NED’s four core institutes. Wollack retired from NDI in September 2018.
Mr. Wollack joined NDI in 1986 as executive vice president. The Institute’s board of directors, then chaired by former Vice President Walter Mondale, elected him president in March 1993.
Mr. Wollack traveled to more than 100 countries, many on multiple occasions, in every region of the world on behalf of the Institute’s democratic development programs.
Chaired by former Secretary of State Madeleine Albright since 2001, the Institute maintains offices in more than 50 countries and works to support democratic elections, political parties, parliaments, civic engagement and women’s political empowerment. NDI was established as the result of a 1983 Act by the US Congress.
Before joining NDI, Mr. Wollack co-edited the Middle East Policy Survey, a Washington-based newsletter. He also wrote regularly on foreign affairs for the Los Angeles Times. From 1973 to 1980, he served as legislative director of the American Israel Public Affairs Committee (AIPAC).
Mr. Wollack has been active in American politics, serving on the national staff of the McGovern presidential campaign in 1972. He graduated from Earlham College in Richmond, Ind., and was a senior fellow at UCLA’s School for Public Affairs.
He has testified on numerous occasions before congressional committees, appeared on national television and radio, and spoken before world affairs councils across the country. He has served on various task forces sponsored by the Brookings Institution, the United States Institute of Peace, the Council on Foreign Relations, the Center for U.S. Global Engagement, the Bipartisan Policy Center and the Atlantic Council. He was chairman of the U.S. Committee for the United Nations Development Program (UNDP).
Mr. Wollack is currently serving on the Board of the Commission on Presidential Debates, which has sponsored the presidential and vice-presidential debates since 1988, and as a member of the advisory committee for the U.S. Agency for International Development, and the George W. Bush Institute’s Advisory Council on Human Freedom.
https://www.ned.org/experts/kenneth-wollack/
submitted by Veritas__Aequitas to Libertarian [link] [comments]

GOP Welcomes Steve Wynn's Millions, Despite Rape And Harassment Allegations

This is the best tl;dr I could make, original reduced by 80%. (I'm a bot)
Major Republican Donor Steve Wynn Has Been Accused Of Rape And Sexual Harassment Former casino mogul Steve Wynn has been accused of rape, sexual assault, and harassment.
In Jan. 2018, the Wall Street Journal reported that "Dozens" of his employees had witnessed a "a decades-long pattern of sexual misconduct by Mr. Wynn." Subsequent investigations by the Massachusetts Gaming Commission and Nevada Gaming Control Board detailed allegations against Wynn, including a "Non consensual sexual relationship" with one employee, and complaints that Wynn inappropriately exposed himself to employees during massages.
A Wynn employee was called in to Steve Wynn's office to provide a manicure.
Wynn later testified in a separate civil lawsuit that he believed the encounter with his employee was consensual, though it reflected "Bad judgment on my part." Wynn paid the woman a $7.5 million settlement on the condition that she sign a non-disclosure agreement.
Wynn has denied all allegations of sexual misconduct, calling them "Preposterous." He characterized the rape allegation as "Extortion." He has not faced criminal charges.
The head of the Republican Party, Ronna McDaniel, said she "Removed" Wynn from his role as finance chair of the Republican National Committee.
Summary Source | FAQ | Feedback | Top keywords: Wynn#1 Republican#2 contributions#3 Committee#4 donation#5
Post found in /politics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

American ideology is a failure and is literally Jesuitism; Knight of Malta Frank Fahrenkopf and Roman Catholic priest John L. Jenkins control the Presidential Debates

The Knights of Malta/Sovereign Military Order of Malta is a crusading Order dating back to the year 1099. They are considered a sovereign entity under international law and hold observer status at the United Nations. There is no other organization on earth which is considered sovereign while lacking actual territory and nationhood. The SMOM is an extremely powerful Vatican knighthood working to enforce the temporal/political power of the Holy See, now controlled by the Jesuit Order (also a military Order) since 1814.
The Jesuits have used their university system in America to train the Catholic laity who enter into government and politics. The foremost of these universities is Georgetown University near Washington D.C. There, the Jesuits have created entire programs dedicated to pushing the democratic form of government modeled on America. This is because around the 1950s, the American democracy was determined to be the best vehicle by which the Jesuits can take and maintain control of nations. The most prominent Jesuit who was responsible for the adoption of this course of action was John Courtney Murray who worked with the CIA (also Catholic controlled) to spread Americanism.
The technical details are as follows: Jesuit Robert Bellermine's indirect theory of papal power was revived under Pius XI in the 1930s for the purpose of infiltrating states using the Catholic Action movement comprised of the laity, especially in the intellectual sphere. The Catholic Action model of gaining political hegemony was promoted by powerful American Jesuit (CIA) John Courtney Murray who revised Bellermine's theory of indirect power; Bellermine having pushed the doctrines of equality taken up specifically by Thomas Jefferson. Murray was a leading advisor at the Vatican II conference which produced the document "Lumen gentium" calling on world action from the laity reflecting the earlier Catholic Action model. American democracy is the easiest politcal system for the church to control through this model, hence Murray's assistance to the CIA in spreading it. One may wish to view my recent video Commission on Presidential Debates: Catholic-Imposed Limitations in American Political Discourse which delves into this subject.
Now, The Commission on Presidential debates, founded and chaired by Jesuit Georgetown professor and Knight of Malta Frank Fahrenkopf is strictly governed so as to bar candidates outside of the two major politcal parties which uphold the standard American ideology the Jesuits seek to maintain and enforce throughout the world. Given the previous background on the Jesuits and American democracy, it is no surprise that Fahrenkopf was also a founder of the National Endowment for Democracy which has the goal of promoting democracy abroad.
The Commission on Presidential Debates (CPD) is a nonprofit corporation established in 1987 under the joint sponsorship of the Democratic and Republican political parties in the United States.[1][3] The CPD sponsors and produces debates for U.S. presidential and vice-presidential candidates and undertakes research and educational activities relating to the debates. It has run all of the presidential debates held since 1988. The commission's debates are sponsored by private contributions from foundations and corporations[4] as well as fees from hosting institutions.[5]
The commission's exclusion of third-party candidates from the debates has been the subject of controversy and legal challenges.
https://en.wikipedia.org/wiki/Commission_on_Presidential_Debates
Biographical information on CPD top brass:
Frank J. Fahrenkopf Jr. is a Knight of Malta and was the master of the casino gambling industry having been the President and CEO of the American Gaming Association since its inception until his retirement in 2013. Fahrenkopf was chairman of the Republican National Committee longer than any person in the 20th century and he co-founded the Commission on Presidential Debates together with another Roman Catholic, Paul G. Kirk who was Fahrenkopf's counterpart as head of the Democratic National Committee. Fahrenkopf has been a professor at Jesuit Georgetown University and he was a founder of the National Endowment for Democracy, where he served as vice chairman and a board member from 1983 to 1993.
Additionally, Fahrenkopf serves as a board member of the International Republican Institute (IRI), which he founded in 1984. He served for many years as chairman of the Pacific Democrat Union and vice chairman of the International Democrat Union, a worldwide association of conservative political parties from the United States, Great Britain, France, Germany, Canada, Japan, Australia and 20 other nations. Fahrenkop also sits on the board of directors of six New York Stock Exchange public companies: First Republic Bank, Gabelli Equity Trust, Inc., Gabelli Utility Trust, Gabelli Global Multimedia Trust, Gabelli Dividend and Income Trust, and Gabelli Gold and Natural Resources. For many years, he was a member of the board of trustees of the National Judicial College, the ABA-sponsored judicial education center for federal and state judges; chairman of the Coalition for Justice, a group coordinating the ABA's initiatives to improve the American justice system; and chairman of the Legal Policy Advisory Board of The Washington Legal Foundation. He was a member of the Nevada State Board of Bar Examiners, president of the Washoe County Bar Association and vice president of the Nevada Trial Lawyers Association. His civic involvement includes service as chairman of the board of governors of the City Club of Washington, a member of the board of trustees of the E.L. Wiegand Foundation, and a member of the Greater Washington Board of Trade, The Economic Club of Washington and the Federal City Council. Fahrenkopf also served as a co-chairman of the Rivlin Commission, which investigated and reported on the government of the District of Columbia. He has been honored for his contributions, receiving the Junior Chamber of Commerce Distinguished Service Award in 1973, the Nevada Lung Association “Man of the Year” Award in 1983 and the National Humanitarian of the Year Award from the National Conference on Christians and Jews in 1985.
https://www.rnla.org/bio/BioDetail.asp?MemberID=496 http://iop.harvard.edu/fellows/frank-fahrenkopf https://en.wikipedia.org/wiki/Frank_J._Fahrenkopf,_Jr.
The Notable Names Database lists Fahrenkopf's dossier as follows:
http://www.nndb.com/people/434/000125059/
John L. Jenkins is a Roman Catholic priest and is President of the University of Notre Dame. Jenkins was Jesuit-educated at Santa Clara University. Jenkins has served on the Board of Directors for The Commission on Presidential Debates since 2011.
Kenneth Wallock is a co-chair of the Commission on Presidential Debates who, at the 10th Anniversary of Georgetown University's Masters Program in Democracy and Governance cited Jesuit Georgetown University as pioneering work in the field. Wallock is a Board member of Fahrenkopf's National Endowment for Democracy and is the Former president of the National Democratic Institute.
Kenneth Wollack has been actively involved in foreign affairs, journalism and politics over the past four decades. He served as the president of the National Democratic Institute (NDI), a nongovernmental organization dedicated to advancing democracy worldwide, and one of the NED’s four core institutes. Wollack retired from NDI in September 2018.
Mr. Wollack joined NDI in 1986 as executive vice president. The Institute’s board of directors, then chaired by former Vice President Walter Mondale, elected him president in March 1993.
Mr. Wollack traveled to more than 100 countries, many on multiple occasions, in every region of the world on behalf of the Institute’s democratic development programs.
Chaired by former Secretary of State Madeleine Albright since 2001, the Institute maintains offices in more than 50 countries and works to support democratic elections, political parties, parliaments, civic engagement and women’s political empowerment. NDI was established as the result of a 1983 Act by the US Congress.
Before joining NDI, Mr. Wollack co-edited the Middle East Policy Survey, a Washington-based newsletter. He also wrote regularly on foreign affairs for the Los Angeles Times. From 1973 to 1980, he served as legislative director of the American Israel Public Affairs Committee (AIPAC).
Mr. Wollack has been active in American politics, serving on the national staff of the McGovern presidential campaign in 1972. He graduated from Earlham College in Richmond, Ind., and was a senior fellow at UCLA’s School for Public Affairs.
He has testified on numerous occasions before congressional committees, appeared on national television and radio, and spoken before world affairs councils across the country. He has served on various task forces sponsored by the Brookings Institution, the United States Institute of Peace, the Council on Foreign Relations, the Center for U.S. Global Engagement, the Bipartisan Policy Center and the Atlantic Council. He was chairman of the U.S. Committee for the United Nations Development Program (UNDP).
Mr. Wollack is currently serving on the Board of the Commission on Presidential Debates, which has sponsored the presidential and vice-presidential debates since 1988, and as a member of the advisory committee for the U.S. Agency for International Development, and the George W. Bush Institute’s Advisory Council on Human Freedom.
https://www.ned.org/experts/kenneth-wollack/
submitted by Veritas__Aequitas to PoliticalOpinions [link] [comments]

The Junk Bond King

Junk bonds are bonds issued by companies with poor credit ratings, such as CCC, as opposed to investment-grade bonds that are issued by companies with a AAA credit rating.

Chronology

His Crimes

The junk bond scheme:
  1. Milken controlled both sides of the deal, he controlled both the lenders and the borrowers.
  2. he controlled the lenders because he controlled a huge network of federally insured Savings and Loan banks, reputable insurance companies, and junk bond funds.
  3. so Milken would then raise money from his network of lenders to buy junk bonds from a junk company (borrower), with the promise that the junk company will use some of that capital to buy junk bonds from other junk companies (borrowers) in Milken’s junk bond empire. This inflated the demand for the junk bonds.
  4. junk bonds yielded Milken a high commission, and Milken would also get equity in the junk companies that he had just financed with capital.
Junk bonds financed corporate raiders, and information about those takeover bids was improperly shared, creating criminal insider trading opportunities.
Milken often tried to get as much as five times the maximum markup on trades that was permitted at the time.
Milken’s friend and business associate, Ivan Boesky:
  1. Ivan Boesky’s conviction of insider trading in 1986 is what lead to Milken’s downfall.
  2. Milken had substantial business dealings with Boesky.
  3. the first lead into Milken’s crimes was a payment of $5.3 million by Ivan Boesky to Drexel Burnham listed as a consultation fee. Boesky told the SEC this payment was for Milken’s profits form an illegal trade.
  4. Boesky implicated milked in insider trading, stock manipulation, fraud, and stock parking.
Milken’s shadow entity, MacPherson Partners:
  1. Drexel’s internal investigation discovered suspicious activity in one of the limited partnerships Milken had set up to allow members of his department to make their own investments called MacPherson Partners.
  2. Members of MacPherson Partners included: Milken, other Drexel Burnham executives, a few high value Drexel Bernham customers, as well as a few managers of money market funds - all friends of Milken.
  3. MacPherson Partners acquired several stock warrant)s for the stock of Storer Broadcasting in 1985. At the time, the powerful private equity firm KKR was in the midst of a leveraged buyout of Storer Broadcasting, and Drexel Burnham was the lead underwriter for the bonds being issued.
  4. One of Drexel Burnham’s other clients bought several Storer Broadcasting warrants and sold them back to the high-yield bond department (controlled by Milken) at Drexel Burnham.
  5. Drexel Burnham’s high-yield bond department in turn sold them to MacPherson Partners (also controlled by Milken).
  6. Those warrants were then handed out by Milken to members of his family, and the money managers bought the warrants for themselves without notifying the clients of the funds they were managing.
  7. By allowing his wealth fund management friends to buy the warrants, Milken was essentially bribing them so they would in turn help him with his junk bond manipulation.
​

His Trial, Conviction and Sentence

During the trial, Milken spent $3 million a month on his legal defense and an expensive public relations firm.
He ultimately pleaded guilty to 3 counts of securities fraud, 2 counts of tax evasion, and 1 count of conspiracy to commit the other 5 crimes.
Milken was ordered by the court to pay a fine of $200 million and to pay $400 million to defrauded investors.
In a separate civil suit Milken had to pay out an additional $500 million to defrauded investors. Sentenced to 2 years for each of the 5 counts of tax and securities fraud for 10 years total.
When the judge read the sentence, Milken misunderstood and thought he had received 2 years total. After his lawyer told him that he was getting 10 years, the blood drained out of Milken’s face, he took his wife into a witness waiting room, closed the door and let out a blood-curdling scream.

Clemency from President Trump

​
On February 18, 2020 Trump granted clemency to Milken, although his lifetime ban from the securities industry is still in effect.
America’s Secretary of the Treasury, Steve Mnuchin, is longtime pals with Milken, and was the prime mover in convincing President Trump to pardon him. Mnuchin has flown on Milken’s private jet.
Another fat cat advocating for Milken was Nelson Peltz, who has raised over $10 million for Trump’s 2020 re-election campaign.
And don’t forget Trump's fattest fat cat, Sheldon Adelson, who also advocated on behalf of Milken.
Many powerful figures in high finance came together to lobby the White House on behalf of Milken, including:
  1. Sheldon Adelson: a major Republican donor and Trump supporter, Adelson is the chief executive officer of casino operator Las Vegas Sands Corp.
  2. David Bahnsen: a former Morgan Stanley managing director and wealth management executive who wrote Trump in 2017 urging him to pardon Milken, calling the junk bond king’s prosecution a result of “a period of class envy run amok.”
  3. Tom Barrack: the chief executive officer and chairman of Colony Capital Inc., Barrack is long-time Trump ally. He faced a call from an investor in November to step down in part over distractions from investigations into his political and personal activities.
  4. Rupert Murdoch: a powerful media mogul and longtime Trump ally who put the power of News Corp. behind the president.
  5. Maria Bartiromo: a popular anchor on Fox Business, Bartiromo has interviewed Milken as recently as 2018 (and has also interviewed Trump). The network is part of Murdoch’s media empire.
  6. Ron Burkle: a billionaire investor who controls Yucaipa Cos., Burkle made his fortune in the grocery-store industry. Burkle, a Democratic fund-raiser famous for his friendship with Bill Clinton, made news last year when he was rumored to be interested in acquiring the Trump-friendly National Enquirer.
  7. Elaine Chao: the U.S. Secretary of Transportation, Chao was a key speaker at the Milken Global Conference last year, where she spoke about the future of mobility as well as women in government. She’s married to Republican Senate Majority Leader and top Trump ally Mitch McConnell.
  8. Rudy Giuliani: Trump’s personal lawyer, the former New York mayor has lately been embroiled in the Ukraine scandal. As chief federal prosecutor in New York in the 1980s, Giuliani sought to prosecute Milken.
  9. Rabbi Marvin Hier: dean of the Simon Wiesenthal Center, Hier was invited by Trump to speak at his inauguration. The rabbi in 2018 called on Trump to fight extremism in the U.S. after a shooting at a synagogue.
  10. Ray Irani: chairman and chief executive officer of Ray Investments Ltd. and former CEO of Occidental Petroleum, Irani stepped down as a board member at Wynn Resorts Ltd. following a sexual harassment scandal involving company founder Steve Wynn.
  11. Robert Kraft: owner of the New England Patriots and a longtime Trump supporter.
  12. Richard LeFrak: a billionaire developer and Republican donor, LeFrak appeared in a 2010 episode of Trump’s reality TV show “The Apprentice.”
  13. Randy Levine: the president of the New York Yankees and a longtime supporter of Republican politicians, including Trump.
  14. Kevin McCarthy: a Republican congressman from California, McCarthy is the House Minority Leader and a longtime Trump supporter.
  15. Larry Mizel: chairman and CEO of home-builder MDC Holdings Inc.
  16. Arte Moreno: owner of the Anaheim Angels, which he purchased from The Walt Disney Co. in 2003
  17. Sean Parker: Napster co-creator and Facebook Inc. billionaire who has attended the annual Milken Institute Global Conference.
  18. John Paulson: founder and owner of Paulson & Co., a New York-based investment adviser that manages about $9 billion, Paulson is best-known for making $15 billion in 2007 on a bet against mortgage bonds.
  19. Nelson Peltz: founder and chief executive officer of Trian Fund Management LP, Peltz is well-known as an activist investor in companies like Wendy’s and Dupont.
  20. Steven Roth: chairman and chief executive officer of Vornado Realty Trust, a REIT that holds more than 22 million square feet in commercial property, mainly in New York.
  21. David Rubenstein: co-chairman and co-founder of The Carlyle Group, a private equity firm with $222 billion in assets under management.
  22. Larry Ruvo: senior managing director of Southern Wine & Spirits of Nevada, the state’s largest liquor wholesaler.
  23. Marc Stern: the chairman of TCW Group Inc. hosted a $10,000 per person fund-raiser for Trump at his Malibu home in 2018 attended by Vice President Mike Pence.
  24. Steven Tananbaum: the founder and chief investment officer of GoldenTree Asset Management LP, one of Wall Street’s biggest investors in distressed debt.
  25. Ted Virtue: the chief executive officer of MidOcean Partners, the middle-market private equity and credit firm, who previously oversaw Deutsche Bank AG’s $35 billion direct investment portfolio.
  26. Andrew von Eschenbach: a U.S. Food and Drug Administration chief under President George W. Bush, he now serves on the board of Bausch Health Cos.
  27. Mark Weinberger: the chairman and CEO of Ernst & Young LLP, Weinberger quit Trump’s business council after the Charlottesville white supremacists rally but later dined with the president.

Conclusion

Milken likes to tell his life story as a smart guy who grew up wanting to be a scientist and lead America in the space race, but after his first year in college the Watts riots happened and it made him rethink his life. After talking with a Black man who told him that he couldn’t get access to capital because he was Black, Milken decided he would dedicate his life to making sure people with ability would have access to capital.
So Milken changed from a science major to finance, went to business school, made $billions on Wall Street all so he could help Black people?
There are plenty of people who in part owe their wealth to Milken and his junk bonds, and these people heap praise on Milken saying he created a lot of wealth in America and helped society tremendously.
The wealth, though, went to those people heaping the praise!
As for the companies Milken financed helping society, it would be difficult to argue that case. The big name companies that were financed by Milken include: CNN, Rupert Murdoch’s empire, Wynn casinos, Mitt Romney’s Bain Capital, etc.
Milken was not helping society, he was helping people on Wall Street get rich.
Government watchdogs are usually too weak to take on the crimes of the super rich, because the government watchdog worker still gets paid whether for not the Wall Street crook gets busted.
There is no incentive to play by the rules.
Milken has done a lot of philanthropic work especially in regards to cancer research with that $2.5 billion he had leftover after getting out of prison, although he hasn’t given away that much money considering his net worth in 2020 is $3.8 billion.
What I find most fascinating about the Milken story is the power of his public relations machine. All the major media outlets cast Milken as a philanthropist and not a criminal.
Another sign of the overwhelming influence of the wealthy on the American zeitgeist.
submitted by Arch_Globalist to RunagateRampant [link] [comments]

Casino workers in Vegas sue over coronavirus safety concerns

This is the best tl;dr I could make, original reduced by 61%. (I'm a bot)
LAS VEGAS - Unions representing 65,000 Las Vegas-area casino workers accused some resort operators on Monday of putting employees at risk of illness and death during the coronavirus pandemic by skimping on safety measures like a requirement for mask-wearing.
"They want to work, but they want to work safe," Culinary Union executive Geoconda Argüello-Kline said of hotel housekeepers, cooks, bartenders, vehicle valets and others.
A lawsuit filed Monday in U.S. District Court in Las Vegas does not directly cite the death last week of Adolfo Fernandez, 51, a Caesars Palace porter and union member from Las Vegas who was diagnosed with the COVID-19 respiratory illness after returning to work when casinos reopened June 4 after a three-month shutdown.
The lawsuit points to the experiences of employees at an eatery at Harrah's Las Vegas, valets and porters at the Signature Condominiums towers at MGM Grand resort, and restaurant kitchen workers at the Bellagio casino.
Despite "Overwhelming evidence of the importance of mandating facial coverings by guests in public areas of casinos and hotels," the document says, "Defendants, along with other casinos and hotels in southern Nevada only 'encouraged' guests to wear face masks."
During the economically devastating casino shutdown imposed in mid-March, union officials consistently called for Gov. Steve Sisolak, the regulatory Nevada Gaming Control Board and the Clark County Commission, which oversees the Las Vegas Strip, to impose strict worker safety measures.
Summary Source | FAQ | Feedback | Top keywords: work#1 LAS#2 casino#3 Union#4 people#5
Post found in /Coronavirus.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

FBI Informant: Genovese Capo Matty Ianniello Was A "Hidden Partner" Of Billionaire Investor Kirk Kerkorian

Matthew "Matty the Horse" Ianniello, the powerful capo of the Genovese family who controlled gay bars, ran gambling junkets and trafficked illicit drugs, was "a friend and hidden partner" of Kirk Kerkorian according to an FBI informant in a 1973 memo which alleges:
In June, 1973, [informant] advised the subject [Ianniello] is a friend and hidden partner of KIRK KERKORIAN, the head of Tracey Investments Corporation, and the largest stockholder of Metro Goldwyn Mayer stocks. KERKORIAN is allegedly planning to build the largest hotel-casino in Las Vegas to be called "The Grand Hotel."
Kerkorian died in 2015 at 98 years old, and upon his passing Sen. Harry Reid of Nevada, "who became acquainted with Kerkorian as an attorney representing the businessman's brother in the 1960s and 1970s," eulogized Kerkorian from the Senate floor as reported by the Review-Journal:
"He was just a really interesting, wonderful man," Reid said. "He is one of the personalities I will never forget. My relationship with him is one of the special things in my life. I feel so fortunate to be able to talk on a personal basis about this man. He was one of a kind."
Harry Reid long has been dogged by allegations that he was a tool of the Mafia during his former days as Chairman of the Nevada Gaming Commission.
Reid was called "'Mr. Clean Face' by Kansas City mobster Joe Agosto who had turned federal witness in the FBI's case against the mob skimming of casino dollars," and "Agosto was recorded on FBI tape saying that 'I gotta Clean Face in my pocket'" as reported by John Kass for the Chicago Tribune. The good senator says he was called "Clean Face" because he was beyond reproach. Of course, that's the point of a "clean face" or a "clean name" as a tool or front: someone who seemingly is above suspicion in doing the mob's bidding.
So who ya gonna believe: the mobster or the politician?
submitted by PhillipCrawfordJr to Mafia [link] [comments]

RustyMoth's Guide to Bail: Everything You Need to Know if Your Vegas Vacation Takes a Turn

This is a long post, but I hope someone is able to benefit from these insights. Two things before I start:
​
Three Types of Release
When you're arrested, bail is set somewhere on a range based upon what you've been charged with. You'll have a formal hearing of your charges in about 3 days, where a judge will also consider lowering your bail amount (he can also increase your bail, but this is less frequent). Bail is a constitutional guarantee in Nevada, with the exceptions of murder cases, failures to appear, and fugitive flight.
​
Pros and Cons When Posting Bail
If you aren't lucky enough to get an OR, you'll need to post bail if you want to get out before your trial. Note that your initial hearing will probably not result in your release (it can, but rarely) but may be worth waiting for to see if you can have your bail reduced. Trials can take months, so you'll need to bail out in order to get home, stay employed, and mount a competent defense.
Cash Bail:
Surety Bail:
​
Tips for Buying a Bond
Not everyone will sell you a bond, either because you don't qualify under that agency's application process, or because you haven't prepared the necessary details. Bail agents are risk assessors with a low call-to-sale ratio, so too many red flags are going to end that agent's interest. Here are some things you can do to skip the hassle and get it right on the first try:
​
Other Notes and Final Thoughts
You can PM me for really detailed questions or for my contact info. Bail is a touchy subject and has gotten a lot of controversy in the news lately for not being transparent. If nothing else, I hope this information was enlightening and that you never have to call upon it. Thanks for reading, and for visiting Vegas!
submitted by RustyMoth to vegas [link] [comments]

The Abridged Biography of Mr. House, Part 1

Before writing here, I’ve read many debates over the factions in New Vegas. Although I’ve seen many good points, I also feel that Mr. Robert Edwin House is often grossly misunderstood – both by his supporters AND by his detractors. To assist, I’ve endeavoured to read up on all dialogue, letters and terminal entries concerning House, and from that write out a summarized biography with occasional insights into the man’s character. What you’ll read is by no means exhaustive (and I always enjoy new perspectives from others), but it IS going to be a fair bit of reading. I mean, seriously, this is the abridged biography of a 200+ year old man, not some low-effort meme post.
Grab yourself some biscuits and make some nice hot tea. Sit back, relax and enjoy at your own pace.
DISCLAIMER: A flaw of my writing style, especially when using this many words, is that I can appear all over the place at times. I'm trying to improve that. Feedback is appreciated, and I love answering questions should you have any. Don't panic if I don't respond quickly though, IRL is kinda hectic right now.
Anyways, where shall we begin? Oh, right.
To understand House, we must examine the context he inhabited Pre-War.
1) Family Matters
“Born June 25th, 2020, House was orphaned at an early age when his parents died in a freak accident (auto gyro, lightning). Though cheated of his inheritance, House attended the prestigious Institute in Massachusetts and founded RobCo Industries on his 22nd birthday. Within five years, it was one of the most profitable corporations on Earth.”
I have tried to find other texts to support the story Robert House gives of his early life (since we all know his obituary has more than a little embellishment in it), but haven’t found much, other than the eerie terminal logs in the H&H Tools Factory. The logs in general paint an objective picture of his half-brother Anthony House as a deranged man, ending with this noteworthy passage:
“It's worse than I feared. Henderson sent a 10-point memo outlining the benefits of mechanization and automation. As if I wouldn't know he's been plotting with my half-brother the entire time! I knew he was a weasel-dick traitor from the moment I laid eyes on him. Only one thing to do. One thing, and the company - my father's LEGACY - is safe forever. Cindy-Lou will bring him to me, and then I'll make an example. The Bastard will learn why you don't cross the House.”
and
“Jenny, What the hell is up with these guys? They've been coming after our market share like they've got something to prove. No, strike that, this feels personal. Did Mr. H. run over RobCo's dog or something? Alan”
With the above in mind, it is believable that Anthony House had cheated Robert House out of his inheritance, with the former viewing the latter as “The Bastard” (due to Robert being the younger half-brother) and thus undeserving of any part of the House family legacy. We can thus take the QUOTED part of House’s obituary above more or less at face value.
2) The end is nigh!
Now, years after raising a famous company from almost nothing, Mr. House deduced the occurrence of the Great War. By his own account, he first deduced this in 2065 – at this point in time, according to the Fallout Bible and Van Buren, Vault-Tech’s “Project Safehouse” had been in motion for over 11 years with the apparent goal being to shelter humanity in the event of a large-scale nuclear or bio-weapon holocaust. Europe and the Middle East were mutually ruined due to extended conflict and lack of resources. Heritage sites like the Grand Canyon were open to be mined. And the UN may-or-may-not-have been disbanded. Going by the GNN report in Fallout 2 the UN still had at least another (fairly ineffectual) 9 years left counting down from 2065. According to the Fallout Bible, it was already long dead. Either way, the world was in bad shape.
It’d be easy for us, at this point, to turn to Mr. House’s prediction and say something along the lines of “No kidding”. It seems obvious, from where we stand now in the Pre-War Fallout world, that there would be a nuclear Holocaust. And indeed, it was obvious. Even the Mormons were buying spots in Project Safehouse, if we are to believe Van Buren in that particular instance. What made House unique in his deduction, however, was knowing not only that the Atomic Holocaust WOULD happen no matter what (Vault-Tech’s plans were based more around general contingencies for any large-scale apocalypse), but he also knew precisely WHEN it would happen – the War only starting a day or so sooner than he expected.
As an aside, in light of the shambles the Pre-War world was in, one must wonder just how much it actually meant to be “one of the most profitable corporations on Earth”. Earth, at that point, was almost a wasteland already and House still built and sustained a thriving business. But I digress; we’re not yet worrying about how House could rebuild a wasteland. What we need to look at now is this – what did House do with his uniquely precise knowledge of the impending Apocalypse?
“I knew I couldn't ‘save the world,’ nor did I care to. But I could save Vegas, and in the process, perhaps, save mankind.”
And really, it is no wonder House did not care to save the world – there was barely anything left to save. The UN – an international force for peace – had either died or was rapidly weakening. The U.S. began setting its sights on annexing Canada. Entire forests were felled, Once-ler style, just as countries were felled to acquire them. Sure, people could build power armour, but only because the US military could no longer afford to fuel their tanks for sufficient mobility, and their “Mechanized Cavalry” needed something to take into battle. Even electricity is rationed after the fusion reactor of New York City almost went supercritical under the strain of providing for a 17 million+ strong population (Fallout Bible). And, despite all their troubles, America was still one of the best off countries in the world at this point (which makes you wonder how much worse it was in the others).
But whilst America carried on, Lonesome Road and Old World Blues show us that its values had changed, almost as if in a twisted homage to Heath Ledger’s Joker - “You see, their morals, their code, it's a bad joke. Dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these... these civilized people, they'll eat each other. See, I'm not a monster. I'm just ahead of the curve." We see this theme echoed in the NCR and even the Followers of the Apocalypse, but we’ll get to that later.
The Pre-War world wasn’t some ideal Utopia that was only ruined by the tragedy of the bomb. It was already a desperate place, already a wasteland in many ways. There simply wasn’t enough left on Earth to provide for everyone (RIP Charlie Chaplin). And that’s why House could never hope to save everyone, let alone the planet they lived on. Anything he tried on that scale would be “too little, too late”.
3) Who Wants to Live Forever Anyways?
So…why did House choose to save Vegas?
Some say he did so in order to save himself. But if he truly wished to save himself, he could have been like Senator Todd Peterson, and built himself a private bunker within which to live out his days with whatever loved ones he may have had. Even if he wouldn’t be immortal, it’d still be a MUCH more comfortable way to spend his days. When it comes to the life he eventually chose, the Official Game Guide has this to say about House:
“He is emaciated to the point of being skeletal, bones visible under pale, translucent skin crisscrossed by faint blue blood vessels. House's command helmet is not detachable - we don't want to imply that the player could put it on and take his place. The helmet might be bolted right into his skull, like a "halo" used to stabilize severe neck injuries. Or it might not be a helmet at all, the top of Mr. House's skull having been removed and fitted with transistors and vacuum tubes.”
No, House did not endeavour to save himself. If anything, he condemned himself to a special kind of Hell. He was a man with the means to luxury, and yet sealed himself off from it, and almost all human experience the average man might take for granted (the smell of a flower, the touch of a woman, the feeling of a cool breeze on a Summer day)…forever. He mentions his longevity came with a cost. He was not kidding. If anything, he was understating.
Others instead compare House to Andrew Ryan, and say that he saved Vegas only so he could be the head amongst the wealthy and the elite. I must disagree here too – the tribals he later babysits were never elite in their own right by Pre-War standards before House’s intervention. Aside from being a superficial reference to Howard Hughes, House has very little in common with Ryan. Billions of US Dollars were at House’s disposal. If he really wished to be a leading figure amongst the elite, he would’ve built the Fallout equivalent of Rapture in the middle of the ocean ages ago. Or he would’ve built his own “Sierra Madre” to rival Sinclair. Or he would’ve ingratiated himself with the Enclave (who he did contract work for) or the Institute (where he studied), who could’ve used a man like him to lead their projects.
He did none of those things. He chose to save Vegas. Young, old, rich, poor, honest and crooked alike. And he chose to become immortal, despite the steep personal costs.
But why?
4) Long Term Investments
“Vegas is more than a city. It is the remedy to Mankind’s…derailment.”
And all of these resources would fall within range of his Securitron Network – at least once the Mk II upgrade arrives.
If we are to believe that Mr. House wished to establish colonies on new worlds as a solution to Earth’s resource problem regardless of whether the War happens first or not (and the Official Game Guide confirms House is interested in technological progress, at the very least), then it makes sense that House would choose Vegas – not because it is particularly important in itself (compared to other possible cities), but because it is the central location from which he could gain control of resources vital to the space program –renewable energy, REPCONN HQ, rocket test sites and seemingly limitless clean water for his employees. Still, as we find out later, House doesn’t let Vegas itself go to waste by any means…
The site chosen, House toiled over his defenses. He built a nuclear reactor under his casino with enough energy to power the Mojave. He built a life-support system to ensure his survival into the post-apocalypse, no matter the cost. He built Securitrons to protect his interests in the aftermath, and then built a factory/ storage facility for them under Fortification Hill – a mere stone’s throw from Hoover Dam - so that his army might never run out. Meanwhile, the brilliant Big MT scientist who would become Dr. 0 silently fumed in envy over House’s superior abilities in robotics.
Some may doubt that the Fort’s bunker was a factory. After all, House just calls it a “barracks”, which implies storage, right? Well, consider some barracks have recruitment offices – and in RTS style games, they’re often functionally the same building. Now what would the Securitron equivalent of a “recruitment office” be? Powering up the Fort Bunker causes distinct, repetitive hydraulic sounds, as if there were an assembly line moving. Does that sound like mere storage to you? No. You think he’d build an army with no way to replenish it?
“I'm surprised you can still underestimate me after everything you've seen.”
5) For Want of a Nail
But now, ironically after the above quote, we encounter House’s greatest failure. You see, House had everything set up, but it was still in BETA (insert Fallout76 Joke here). He commissioned the “Platinum Chip” to contain all the patches, software upgrades and override commands he could need for the foreseeable future. It was specially shaped so it could only be used on hardware he specified – no other company could hope to steal it or otherwise use it for their own purposes. The Chip was finished and scheduled to arrive a day before the predicted date of the war.
And then the War arrived a day early.
77 Warheads targeted Vegas. Mr. House, irrevocably entombed within his Life Chambers, readied Vegas’ defenses…
“I was in Mexico City when the bombs dropped. Even from there, we could see House's defensive rockets shooting down the incoming missiles.” -Raul Tejeda
And what House couldn’t shoot down, he hacked, deactivating warheads mid-air so they could never reach Vegas. But, because the Platinum Chip hadn’t arrived in time, the software remained a BETA - and would for another 204 years. Nine warheads managed to impact the Mojave.
*“When blaring civil defense sirens heralded mankind's doom on October 23rd, 2077, the citizens of Las Vegas bore witness to an astonishing spectacle. Huge laser cannons unfurled from secret housings in the roof of the Lucky 38 casino and Hoover Dam's intake towers and began spitting blasts of green fire into the sky, destroying warhead after warhead and sparing Las Vegas's urban center and the dam from direct hits. Citizens filled the streets and cheered. And then they died horribly from the lethal fallout that blew in from the dozens of warheads that detonated around Las Vegas.
Though Mr. House's missile defense grid performed admirably, the Great War was in actuality the day of his greatest setback.”*
House saved no-one that day. You were either in a Vault, or you were House, or you were dead.
Software bugs, compounded by the EMP from nuclear fallout, caused the defense action House put forward to result in multiple system crashes, forcing him to shut down his fully automated reactor before it melted down from faulty programming. Now without Hoover Dam (EMP) or his reactor, House’s life support relied on a very limited supply of emergency power. It was all he could do to restore his OS to an even less advanced -but more stable- build before passing out from shock.
6) Too Stubborn to Die
Now, the Courier is famous for rising from the grave to finish their quest - but House did it first. 61 years after the bombs dropped, House woke up. At this time, the Master (of Super Mutant army fame) was active and alive. Vault 15 – from which Shady Sands was built – hadn’t even opened yet. The majority of House’s Securitrons are offline, with only a handful of downgraded ones stationed in his casino. Raiders plagued the Wastes. And House’s own limited power supplies dwindled ever lower.
Now, he lived a full life. Raul notes how House was something of a superstar who dated all the beautiful women and made billions before the War, reaching the ripe age of 57 before the bombs fell. After losing almost everything in his gamble to try save Vegas, it’d be tempting for anyone in House’s position to give up, to shut down again and just…die. Instead…
“Immediately he began using his Securitron robots to search out human settlements…”
From this point onwards (until his determinant acquisition of the Dam) House is forced to make choices most of us don’t even have to consider. Everyone has to worry about their budget for the month. Some of us have to worry about their budget for the year…or a company’s or even country’s budget for a similar period - maybe 5 or 10 years, in some cases. House has chosen to worry about the World’s “budget” (fiscal or otherwise) over the course of…forever, because no one else alive is as acutely aware of the global resource shortage as House, who lived through multiple wars caused by it, culminating in that big famous one that almost ended the world.
“For years, I played a miser with my emergency power supply. I began to run out of reserves around the time I woke the first batch of Securitrons”.
Of course, House had his own budgets to worry about. It was not long after sending out his forces to find other humans that his power supply began to dip dangerously low. Realizing the costs of waking up his robots after the first batch forced House to play very carefully – after all, he couldn’t enact his plans to revitalize the global economy if he died now, could he? He sent his mechanical agents out, quietly hiring prospectors to find his beloved Chip – with no personnel or infrastructure to reproduce it, he had to find it…before he shut off forever.
Beyond that, he ran silently, keeping his “electrical bill” as low as possible, hoping the Chip would find him in time. As it turns out, the NCR got to him first.
If you ever wondered why House did not try to personally civilize Vegas, introduce sustainable agriculture and grant free schooling before NCR showed up, it’s because doing those things would require him to take a very active role in life outside the Lucky 38, and doing that, with his power reserves as they were, would have been fatal for him (to say nothing of the mutants, raiders, etc). This is the weakest he has ever been since his half-brother swindled him.
But I digress. The NCR is on the horizon…as was the Legion.
7) I Called Dibs 2 Centuries Ago
Suddenly, things moved very quickly. For years after the Wastes were repopulated, (what passed for) peace and order in Nevada was maintained by the vigilante Desert Rangers, who allowed themselves to be absorbed into the NCR in 2271, in exchange for help against Caesar. A year later, the Mojave Outpost as we see it –under NCR- came to be, the Mojave south of the Vegas area having been pacified earlier under the leadership of then-General Kimball. Then, Kimball achieving Presidency, Hoover Dam fell under their grip.
In the span of 2274 House engaged his final power reserves in a last-ditch effort to secure his future (and, by proxy and from his perspective, the future of Mankind). Beatrix Russel and the King describe Pre-House Vegas as a place where everyone got by, but the truth is less-than-spotless; according to the FNVOGG, tribes fought amongst the ruins – Slither Kin, Boot Riders, Great Khans, and many other smaller or more mysterious groups. Using Securitrons as his intermediaries, Mr. House enlisted the help of all who were both willing and capable of aiding him, playing on their self-interest and need to survive by promising (and delivering) them resources and power. But whilst you can teach tribals to fight your enemies and socialize with your allies, you can’t turn them into a competent team of technical specialists – not in the time available. And he’d need educated men and women to truly restore the glamour of his New Vegas.
And that’s where Vault 21 came in. After uncooperative tribes like the Great Khans were pushed off the areas around the Strip, House made an offer to this community, who had previously lived in peace as chaos raged above them. The offer was simple: help rebuild Vegas…or not. Most chose the second option, but a small group of Vault residents decided to gain support on House’s behalf, eventually achieving a consensus: they would work for House, and opened their doors to him. They soon found themselves aiding House’s tribals in building a massive wall sheltering both the Strip and Freeside from the rest of Vegas. Vault 21’s lower levels were salvaged of useful technology to aid in construction…and then (infamously) filled with concrete to ensure future, less innocent visitors to the Vault couldn’t use it to breach the Lucky 38’s sub-levels or Vegas’ defenses. At the request of its more agoraphobic residents, House spared Vault 21’s top levels, transforming it into a hotel for them to run. With the Vegas Strip being far larger – more casinos, more housing, more everything – in lore, art and cutscenes compared to in-game, it is plausible to believe the displaced Vault Dwellers were rehoused on the Strip itself; as relatively well educated individuals, they’d be invaluable in House’s endeavours – of the three we met, we know one became House’s top sign artist, one became a hotel manager and one voluntarily left Vegas to be a travelling doctor before retiring in Goodsprings (we know because he eventually returned to marry his sweetheart, who still lived not far from the Vault she came from).
Whilst not yet open for business by any means, House had managed to turn a ruin plagued with tribal conflicts into a citadel presided over by Three Families. The NCR arrived in force, expecting just another wasted city picked over by warring raiders…and instead found a fortress in the wastes…and surprisingly, one that not only wasn’t hostile to them, but outright welcomed them…providing certain concessions were made…
With the threat of the Legion just on the horizon, NCR were faced with an offer they could not refuse – they would be allowed to set up an embassy and police force on the Strip, as well as a military base in Outer Vegas so long as they provided 5% of the Dam’s power output to Vegas (which they would need to do to make use of their embassy and base anyways) and allow their citizens and soldiers on leave to enjoy House’s amenities at their own discretion. Sounds pretty reasonable, doesn’t it? NCR agreed to the terms, implicitly legitimizing the sovereignty of New Vegas under House. Power flowed to the Strip and House, who had to suffer multiple power outages, whose salves and meds almost curdled because of this, whose life was literally tied to that of his battery…could finally breathe easy, now having more (electrical) power than he knew what to do with.
8) But why didn’t House…?
You may be asking “Why didn’t House instead provide his resources to the NCR, allowing them to push the tribals out of Vegas and restore it that way, possibly becoming a prominent citizen in the process?”
House’s detractors often refer to his compulsive need for control, and control is precisely why House would rather recruit tribals to work for him than try to merge with something larger. But why does House want that control?
I’d argue it isn’t due to a compulsive need for it – his leadership is extremely hands-off. To understand why House wants to remain in control, rather than admit subservience to a larger civilization, we need to look back to Pre-War America and that Joker quote we put down earlier.
NCR is, in many ways, similar to Pre-War US. It was founded on lofty ideals. And when resources became scarce? They abandoned their ideals and annexed whatever and whoever they wanted to get more resources until the globe was almost depleted and -BOOM! So far, NCR is just at the “annexing” stage (not that they have nukes anyways), but the globe is about as depleted as it was 200 years ago.
Chief Hanlon speaks of the overconsumption and mismanagement of water in their territories, Doctor Hildern predicts a famine after a decade of population growth. Supporting this, the intro-cutscene for the game outright states NCR’s expansion is influenced by a lack of resources for their growing populace. NCR’s current population as a nation…around 700 000. Compare that to Johannesburg’s (which is just one city) population of 900 000+. Compare that to the 39 million+ strong population of real life California today. And NCR is the largest unified population on the continent. And they’re running out of resources already. By modern IRL standards, the population that Earth (or at least, America) can sustain in the Post-War Fallout universe is absolutely tiny. Even the possible savior we find within Big MT’s matter replicators is in question, with the substantially wealthy Sinclair being driven almost into debt just to fund the creation a few according to the terminal in the Y-0 Lab, and very few having been found outside the Sierra Madre despite Dean’s claims. Of course, perhaps that could change with time and resources directed towards further development, but until then… (As it stands, Pre-War US couldn’t/ didn’t make them economically viable to produce before the Great War started). If even the Followers of the Apocalypse are willing to commit murder over water at this juncture (White Wash), imagine how things would be later down the line. There aren’t infinite resources in the Fallout world – just too few people to deplete what is left…yet.
No one is as painfully aware of the resource shortage as House. Maybe others of his intellect will rise up in the NCR, but like him in Pre-War US, they won’t detect the issue until it’s too late to properly solve it. Not wanting to gamble on the multi-headed NCR following his advice forever, he instead puts on an appearance of having power, ensuring full control over his enterprises. This is why House doesn’t bid for NCR citizenship.
He’s seen what happens to Democracies when the going gets truly desperate – how they corrupt into oligarchies blinded by greed or desperation. Rather than watch that happen again, he chooses to become an autocrat in a long-term venture for the good of Mankind – after all (as we’ve stated before), he has little reason to continue living for himself.
9) The Nature of the Strip
“A fool and his money are soon parted.” – Proverbs, 21:20, King James Bible
Strip away the gambling amenities, and what is left? A luxury resort, a fine-dining restaurant, an art gallery, a theatre, bars, hotels, a brothel and a gentleman’s club.
For want of a nail, House cannot access the powerful amenities around Vegas, but he’s made the best of the city itself. Early on, access between the Strip and Freeside was unrestricted (according to the FNVOGG) – Securitrons thoroughly patrolled both areas and just about everybody there was living relatively well.
For those of you familiar with casinos, you know they pull every trick in the book – the smiling staff, the bright lights, the music, and the colours – in order to subtly entice you to make a wager. For those who’ve only visited casinos to partake in their collection of arcades, restaurants, cinemas or theatres, you know all those psychological prompts to “pay to watch people flip paper squares”, as Follows-Chalk likes to say, are entirely ignorable.
For a man like House, the Strip exists to collect money (a.k.a. the power to requisition resources) from those who do not know how to spend it and redistribute it into the hands of those working towards his ends (maintenance aside, recovering his Chip – which is still invaluable despite the power from Hoover Dam - is becoming a tad expensive, after all). It also exists as a place of culture and relaxation for more responsible visitors. For many others, however, the Strip has become a beacon of hope.
Enthusiastic entertainers finally had a place to permanently employ their gifts. Those who were unfortunate in life but otherwise hard-working made livings as Street Vendors on the Strip, earning far more than they could anywhere else even after taking House’s Franchisee taxes into account. And formerly inter-warring tribals were finally living in peace, operating lavish casinos semi-independently in return for making and enforcing certain agreements with House (notably, cannibalism carries the death penalty).
10) The Separation from Freeside
Around two years BEFORE the game started, or 2 years AFTER the First Battle of Hoover Dam, House began to wall Freeside off from the Strip. Whether it was due to being overwhelmed by too many people trying to spend money they didn’t actually have, or due to a security issue, House decided to pull his Securitron forces and loyal employees off of Freeside to concentrate on the Strip, with admittance becoming more exclusive. You either:
a) possessed a passport indicating you were trusted to visit the Strip
b) had enough money on you to prove you were a tourist who could afford to enjoy the Strip’s services (there is no entry tax or fee – just a credit check to ensure you aren’t going to just indebt yourself within 5 seconds of visiting)
c) have to stay in Freeside or go home
d) were an NCR soldier or VIP on leave
OR
e) tried to break past a cordon of armed robots whilst ignoring their instructions to stop and turn around, earning yourself a Darwin Award (of course, NCR troops will also kill you if you try to use “their” Monorail under similar circumstances, only they won’t wait for you to break past them).
But despite the new checkpoint, a woman from North Vegas – who previously could barely afford to eat – found good, steady work on the Strip as a salesperson. Street performers like the Lonesome Drifter or Billy Knight were admitted in without a peep. Although it’s true that the Strip’s services cater to the rich, the people it truly looks after are the hard working and enthusiastic (Billy Knight isn’t an exceptional comedian, but he clearly loves his work and that was clearly enough). Remember that no one local to Vegas was rich before House came back –since his resurrection he has been an employer of the willing and the able, and that hasn’t changed. Vegas puts on a big show for wealthy consumers, but it’s people like Billy Knight or the woman from North Vegas who come out ahead.
But, of course, not everyone liked the idea of working for House. Perhaps, more tragically, they decided too late to find employment as all staff slots were filled. Regardless, Freeside, with most of its more capable now residing on the Strip, and the Securitons no longer protecting it, degenerated back into lawlessness and became a hive of scum and villainy. It is from these conditions that a man calling himself the King rallied various dispossessed former tribals of all colours into a new tribe of his own. But we’ll return to him later…
We never find out for certain why House shut out Freeside. The Locals will blame the droves of NCR squatters around Vegas (for just about everything), but we’ll likely never know for certain beyond plausible speculations.
submitted by DarthAdjutor to fnv [link] [comments]

nevada casino control commission video

J. Brin Gibson Named Nevada Gaming Control Board Chair, Regulator Monitors COVID-19 Spike. Posted on: November 11, 2020, 09:48h. Last updated on: November 11, 2020 ... Williams and Wynn attorney Don Campbell argued to the commission that their 78-year-old client no longer lives in Nevada and has no intention of re-entering the casino industry. The dispute arose after the Gaming Commission last December, at a hearing that Wynn did not attend, began considering fining him up to $500,000 and declaring him unsuitable to renew ties to gambling in Nevada. A Nevada court judge has ruled that the state Gaming Commission and Gaming Control Board cannot fine or discipline former casino boss Steve Wynn as he no ties to the state’s gaming industry. The Nevada Gaming Control Board said in a statement that it is set to soon announce its decision on its next steps. Trump recently applied for a Nevada casino license, but Paul Bible, chairman of the Nevada Gaming Commission at the time, said that Nevada regulators would look askance at any ‘greenmailer’ who hurts casino companies in Nevada by acquiring large quantities of stock in order to sell the stake back to the company at a premium,” reads the article, published by The New York Times. The Nevada Gaming Commission (NGC), during its meeting Thursday, approved a casino license for the new gaming property in downtown Las Vegas, Circa.The NGC’s commissioners acted upon the approval and recommendation from the Nevada Gaming Control Board (NGCB) and approved a casino license for the first built from the ground up downtown gaming establishment in nearly 4 decades. The Nevada Gaming Commission and the Nevada Gaming Control Board govern Nevada's gaming industry through strict regulation of all persons, locations, practices, associations and related activities. 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. November gaming revenues in Nevada continued to decline year over year, the monthly report released by the Nevada Gaming Control Board (NGCB) revealed Tuesday, posting $771.16 million generated during the month by casinos statewide. Las Vegas Strip casinos accounted for $349.8 million in revenues, a 32.46% decrease year-over-year. But in 2004, Trump was approved for the initial stages of casino-based development, and there was no indication he was ever declined a Nevada Gaming Commission license based on whether he was ... Nevada Gaming Control Board Will Appeal Steve Wynn Court Ruling. Posted on: December 2, 2020, 04:50h. Last updated on: December 2, 2020, 06:01h.

nevada casino control commission top

[index] [3363] [6698] [4567] [8213] [4244] [1408] [6975] [2813] [5674] [1074]

nevada casino control commission

Copyright © 2024 hot.playtoprealmoneygame.xyz