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Oct 09 2012Investing on the US Election Odds
Instead of fretting over who is going to win the next debates, why not prepare your investment portfolio for the next presidential term. It’s not as hard as it sounds. President Bush didn’t exactly cut the defense budget, just as President Obama didn’t close free trade agreements that would have helped some companies and hurt
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Oct 09 2012Full House Resort Purchases Silver Slipper Casino
Full House Resorts has announced that it has completed the purchase of Silver Slipper Casino Venture LLC. The purchase cost approximately $70 million exclusive of working capital and transaction expenses. In order to complete the transaction, Full House Resorts used $50 million on its first lien credit facility and $20 million on its second. The
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Oct 09 2012Ex-Madoff Employees Face Further Charges
Five employees of Bernard Madoff’s former investment firm are facing more charges relating to Madoff’s Ponzi scheme. A revised indictment was released by U.S. Attorney Preet Bharara against Daniel Bonventre, Annette Bongiorno, Joann Crupi, Jeromo O’Hara and George Perez. The indictment brings the total amount of criminal counts filed against them to 33. In 2009
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Oct 09 2012Hungary’s Government Calls for Slot Machine Ban
Last week Hungary’s government called for urgent action against gambling as they claim it eats into people’s income and threatens national security. Janos Lazar, the State Secretary, claimed that slot machines are a serious hazard, especially for the poor who spend a significant portion of their income and benefits playing the games. Lazar said that
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