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Governor Sisolak Press Conference 12/13/2020
Here's the update, typed as he was talking, apologies if I missed anything. NO FURTHER SHUTDOWNS ANNOUNCED! Pause is EXTENDED through 1/15/2021.
Situation: We are at a critical point and here is why.
Encouraging news on vaccine: FDA granted emergency use. Western States panel approved.
First vaccine shipment on Monday, frontline healthcare workers to get immediate vaccination.
Did a test run for vaccine delivery process, will keep Nevadans posted.
Dr. Fauci predicted a surge on top of a surge, that's where Nevada is headed.
We are just now beginning to see the effects of the holidays. Small decline in cases and testing over the holiday, big surges now.
Seeing big increases in hospitalizations, 1700 Nevadans since Friday.
In Southern Nevada we have NOT peaked yet.
Protecting healthcare infrastructure is the main priority. Setting up hospitals in parking garages just in case.
No doubt our hospitals are seeing an increase in strain, as well as actual healthcare workers.
COVID deaths on the rise. 2539 Nevadans dead.
Statewide pause summary, talked about mitigation, capacity limits, etc.
As of November 30th, 74% Nevadans wore masks when leaving home. If we were at 95% compliance we would save more lives by Spring.
Noted that Nevadans are under stress, worried about health, jobs, school. Wants everyone to do what we can to reduce strain on hospitals.
EXTENDING CURRENT NEVADA PAUSE THROUGH JANUARY 15TH, NO ANNOUNCED SHUTDOWNS.
All current restrictions are still in place.
Sisolak says that if his health officials see cases rise more, he will shut more things down.
Sign an eviction moratorium in place tomorrow to protect Nevadans, through March 31st.
Better to leave Nevadans in homes versus in shelters and homelessness.
When people are evicted it becomes impossible to stay home, they will be forced outside and potentially spread COVID-19.
Talked about how tenants are still obligated to pay rent. Talked about rental assistance programs. Supported with federal assistance dollars, funds are low though.
Realizes this will be hard on landlords, asking landlords to continue to sacrifice and do more to help tenants. Promises to look into assistance for landlords.
Vaccine on the horizon, please continue to be strong. Fight the virus, not each other.
Says not a day goes by that he doesn't think about lives and our economic structure.
Acknowledges that we have record cases, but realizes that families are suffering, with little financing assistance.
Claims no winning options, picked whatever option hurts Nevadans the least.
Federal government has yet to grasp the complexity of our situation. Federal government says that states are not doing enough. Sisolak admits mitigation policies, our complete shutdown, would be best. However without funding and paying Nevadans to stay home, is not realistic. Says shutdowns don't work without people getting paid.
State is trying desperately to balance health and economy.
Families are teetering on the brink. We have lost 250,000 jobs, NV had highest unemployment rate in the country.
142,000 Nevadans have exhausted their UI benefits, won't be able to file again until March 2021, says NV needs more federal help.
State of Nevada had a savings account, a rainy day fund, which was their safety net. As of today, there is no more money. No more rainy day fund. CARES Act funding ends at the end of the year.
According to our state economist, another shutdown will put us in a just as bad or worse state than the Great Depression.
Says that if he could write a check to pay everyone, he would, but can't.
Gaming industry. Under the same or tougher restrictions as everyone else. Gaming Control Board is the most regulated business in the state.
When he thinks of the gaming industry, he loses sleep because under a state at home order, NV lost 250,000 jobs. Cooks, dealers, valet, entertainers, etc.
Gaming matters in this state. If we shut down again, state loses $52 million in tax revenue a month. That same revenue supports Nevadans, health, benefits, the safety we need. That's why he has kept the casinos open.
(Side note: so basically, casinos need to be open so that the state can fund UI and benefits for the State)
This week it was reported that NV has seen a 50% increase in opioid and drug death. Does not believe its a coincidence.
People won't be healthy if they lose their job, benefits, housing, etc.
Relied on the science and health officials to make decisions.
COVID-19 is the first and last thing he thinks about every day.
Praises healthcare workers for their sacrifices.
Says his blood boils when the federal government says that States do not do enough.
Says that everyone is stepping up, task force has gotten millions of masks and PPE. Had to do it themselves versus rely on the federal government.
Says federal government promised PPE, but help never came.
Invites McConnell to look at the hospital wards, foreclosed homes, to look at all affected Nevadans when he said citizens did not need the extra help.
Compromise is hard, but possible if both sides toss politics aside.
We must figure things out on our own, if not, more shutdowns will be forced.
Vaccine is on the way. Stay strong. Says he has made the best decision for our state all things considered.
Called upon all Nevadans to come together, again, to do this.
If we cannot control cases, he will impost further restrictions.
We are all frontline people, tired, worn out, ready to give up. We have a choice to think of things as every man for themselves, or to support each other and have each others backs.
Look after each other. Love our neighbors.
We face all challenges together. Nevada will make it through this. The end result will be based on how much we care for each other.
A Nevadan is testing positive every 40 seconds. 1 hour and 15 minutes a Nevadan dies.
Please, protect yourselves and one another by wearing a mask, washing hands, and socially distance.
Here's the update, typed as he was talking, apologies if I missed anything. NO FURTHER SHUTDOWNS ANNOUNCED! Pause is EXTENDED through 1/15/2021.
Situation: We are at a critical point and here is why.
Encouraging news on vaccine: FDA granted emergency use. Western States panel approved.
First vaccine shipment on Monday, frontline healthcare workers to get immediate vaccination.
Did a test run for vaccine delivery process, will keep Nevadans posted.
Dr. Fauci predicted a surge on top of a surge, that's where Nevada is headed.
We are just now beginning to see the effects of the holidays. Small decline in cases and testing over the holiday, big surges now.
Seeing big increases in hospitalizations, 1700 Nevadans since Friday.
In Southern Nevada we have NOT peaked yet.
Protecting healthcare infrastructure is the main priority. Setting up hospitals in parking garages just in case.
No doubt our hospitals are seeing an increase in strain, as well as actual healthcare workers.
COVID deaths on the rise. 2539 Nevadans dead.
Statewide pause summary, talked about mitigation, capacity limits, etc.
As of November 30th, 74% Nevadans wore masks when leaving home. If we were at 95% compliance we would save more lives by Spring.
Noted that Nevadans are under stress, worried about health, jobs, school. Wants everyone to do what we can to reduce strain on hospitals.
EXTENDING CURRENT NEVADA PAUSE THROUGH JANUARY 15TH, NO ANNOUNCED SHUTDOWNS.
All current restrictions are still in place.
Sisolak says that if his health officials see cases rise more, he will shut more things down.
Sign an eviction moratorium in place tomorrow to protect Nevadans, through March 31st.
Better to leave Nevadans in homes versus in shelters and homelessness.
When people are evicted it becomes impossible to stay home, they will be forced outside and potentially spread COVID-19.
Talked about how tenants are still obligated to pay rent. Talked about rental assistance programs. Supported with federal assistance dollars, funds are low though.
Realizes this will be hard on landlords, asking landlords to continue to sacrifice and do more to help tenants. Promises to look into assistance for landlords.
Vaccine on the horizon, please continue to be strong. Fight the virus, not each other.
Says not a day goes by that he doesn't think about lives and our economic structure.
Acknowledges that we have record cases, but realizes that families are suffering, with little financing assistance.
Claims no winning options, picked whatever option hurts Nevadans the least.
Federal government has yet to grasp the complexity of our situation. Federal government says that states are not doing enough. Sisolak admits mitigation policies, our complete shutdown, would be best. However without funding and paying Nevadans to stay home, is not realistic. Says shutdowns don't work without people getting paid.
State is trying desperately to balance health and economy.
Families are teetering on the brink. We have lost 250,000 jobs, NV had highest unemployment rate in the country.
142,000 Nevadans have exhausted their UI benefits, won't be able to file again until March 2021, says NV needs more federal help.
State of Nevada had a savings account, a rainy day fund, which was their safety net. As of today, there is no more money. No more rainy day fund. CARES Act funding ends at the end of the year.
According to our state economist, another shutdown will put us in a just as bad or worse state than the Great Depression.
Says that if he could write a check to pay everyone, he would, but can't.
Gaming industry. Under the same or tougher restrictions as everyone else. Gaming Control Board is the most regulated business in the state.
When he thinks of the gaming industry, he loses sleep because under a state at home order, NV lost 250,000 jobs. Cooks, dealers, valet, entertainers, etc.
Gaming matters in this state. If we shut down again, state loses $52 million in tax revenue a month. That same revenue supports Nevadans, health, benefits, the safety we need. That's why he has kept the casinos open.
(Side note: so basically, casinos need to be open so that the state can fund UI and benefits for the State)
This week it was reported that NV has seen a 50% increase in opioid and drug death. Does not believe its a coincidence.
People won't be healthy if they lose their job, benefits, housing, etc.
Relied on the science and health officials to make decisions.
COVID-19 is the first and last thing he thinks about every day.
Praises healthcare workers for their sacrifices.
Says his blood boils when the federal government says that States do not do enough.
Says that everyone is stepping up, task force has gotten millions of masks and PPE. Had to do it themselves versus rely on the federal government.
Says federal government promised PPE, but help never came.
Invites McConnell to look at the hospital wards, foreclosed homes, to look at all affected Nevadans when he said citizens did not need the extra help.
Compromise is hard, but possible if both sides toss politics aside.
We must figure things out on our own, if not, more shutdowns will be forced.
Vaccine is on the way. Stay strong. Says he has made the best decision for our state all things considered.
Called upon all Nevadans to come together, again, to do this.
If we cannot control cases, he will impost further restrictions.
We are all frontline people, tired, worn out, ready to give up. We have a choice to think of things as every man for themselves, or to support each other and have each others backs.
Look after each other. Love our neighbors.
We face all challenges together. Nevada will make it through this. The end result will be based on how much we care for each other.
A Nevadan is testing positive every 40 seconds. 1 hour and 15 minutes a Nevadan dies.
Please, protect yourselves and one another by wearing a mask, washing hands, and socially distance.
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.
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.
I read so many of these stories and can relate to almost all of them. I don’t know how many can relate to me because I literally lost thousands upon thousands of dollars all within weeks. A few weeks ago I won probably $20,000 and within two weeks ive lost it all plus several more thousands. Currently, my bank account is $4000 overdrawn! I have an entire Ziploc bag full of 1099 ‘s! For those of you who don’t know what that is, it’s basically every time you win anything over $1200 you have to pay taxes on it. I live in Henderson Nevada which is right next to Las Vegas. I can literally walk to the casino from my house. Unfortunately, I’ve been gambling since I was 17 years old and I’m currently almost 55 years old! I started out gambling and my parents took me to Las Vegas when I was 17 years old. They told me is the greatest place and so much fun and they would give me money to gamble. I never got carded or anything I just got to play on my parents money. Typically, I would be the only one coming home with money at the end of each trip. My parents will often ask me for gas money to get home. It’s different when you’re not playing with your own money. Several years later after having children and getting divorced, I started playing bingo. I was living in California at the time where there wasn’t casinos nearby. I started getting hooked on bingo and then started frequenting an Indian casino within about an hours drive away. First it was bingo which I won $1200 the first time I was there. Overtime I started playing slot machines and then really got into video poker. Long story short, in 2008 I ended up moving to Las Vegas with my new husband. All of a sudden The opportunity to gamble was literally at my fingertips. I would have to spend my lunch hour from work at the casino across the street. In the evenings, my mom lives with me and is also a gambler and I would go to the casino. My husband, although when I met him didn’t really gamble much, really got into it too. Between all three of us we spend several nights a week at the casino. I am by far the heaviest better of all of us and I’ve gone from playing nickels to quarters to now dollars! At the beginning of the year I won $10,000 and one video poker hand. One night I won probably almost 20 grand just playing video poker. I’ve had stacks up on stacks of money to where I can’t even close my wallet! This was just a few weeks ago and now I don’t even have enough to cover All of the advances I’ve gotten from the casinos over the past week. I finally come to a place where I know this has to stop or I’m going to lose everything including my marriage and my gorgeous home! I have made a decision to finally get help! I really want to go to GA but right now there are no actual face-to-face meetings and I’m thinking that the virtual stuff probably wouldn’t work for me. My husband is fully aware of my struggles as well as my mother and they are both willing to help me even though they are both gamblers but not to the extent that I am. I’ve been listening to a podcast that directed me to Reddit And I’m hoping this is A form that will help me stay accountable by reading other peoples stories of gambling addiction as well as success and overcoming it. I welcome any advice anyone has to give and support because God knows I need it!
What is the future of Gun Control, Gun Rights and the 2nd Amendment in 2020 and beyond?
This past decade has proved to be a pivotal one for both advocates of Gun Control as well as advocates of Gun Rights. Throughout the 2010s, we have seen several horrific mass shootings, along with increasingly-polarizing debates, protests, not to mention new laws on the state and federal level in favor of both gun control and gun rights. The most recent phenomenon occurring in the State of Virginia. State Democrats, hot off the heels of winning control of both legislative houses as well as the Governor's Mansion have proposed, and are currently voting on numerous gun control laws, some of which have generated enormous controversy as well as a large gun rights rally which (thankfully) came and went peacefully, with only a single arrest reported for an unrelated violation of a long-standing ban on wearing masks in public. Some states, such as Virginia, Washington, Oregon, Nevada, Vermont and Colorado, as well as long-time gun control havens California and New York have been, and are currently in the process of debating and passing various new gun control laws. Laws such as a ban on the purchase and possession of magazines holding more than 10 rounds of ammunition, even if you legally possessed them prior to the law taking effect (otherwise known as "Grandfathering"). Other proposed laws include a newer, harsher, state-level version of the now-expired Federal Assault Weapons Ban, "Red Flag" laws, background checks on the sale of ammunition, increased taxes on firearms and ammunition, limits on the amount of firearms an individual can buy at once, waiting periods and more. Other states, such as Texas, Idaho, Oklahoma and others have gone in the other direction, passing laws such as nixing the requirement for a permit to carry a firearm concealed or openly, commonly known as "Constitutional Carry". Some states such as Virginia and California are seeing numerous counties declare themselves "2nd Amendment Sanctuaries", where local and state law enforcement officials have vowed not to enforce any new gun control laws, even if ordered to by the Governor. A lawmaker in Virginia has threatened the deployment of the National Guard in order to enforce new laws (even though only the Governor, as well as the President has that authority, but I digress). In the courts, various gun control laws on the state and federal level have been challenged with mixed results. Some laws, such as magazine bans and Assault Weapons Bans have, for the most part, survived lawsuits by various gun rights organizations. However, there is at least one case before the United States Supreme Court out of the State of New York concerning a now-repealed regulation prohibiting the transportation of legally-owned handguns outside city limits which has implications for other gun control cases in the legal pipeline all over the country. There are also several other 2nd Amendment cases currently on hold before the High Court. Could this case possibly become Heller II and open the door towards striking down a multitude of gun laws on the state and federal level? As far as the 2020 Democratic Primaries go, guns have been mentioned off and on, most notably by now-former presidential candidate Beto O'Rourke who was quoted at a primary debate as saying "Hell yes, we're going to take your AR-15 and AK-47". Many believe that this comment is what sunk not only his presidential campaign, but also his political career in Texas, perhaps nationwide. Some believe that these comments will also weigh down the eventual Democratic nominee's chances at winning the election based upon winning certain swing states, several of which tend to support gun rights. President Trump's record on guns has been mixed. On one hand, he repealed (with Congress's help) a Social Security Administration regulation which would've banned firearms ownership by anyone taking social security checks if he/she met certain criteria, such as having a "representative payee" or being otherwise unable to manage their finances. He has been appointing (and the GOP-controlled Senate has confirmed) many federal judges as well as 2 Supreme Court Justices, most of whom hold pro-gun views, which is likely to shape their opinions on various upcoming gun law challenges working their way through multiple circuit and district courts around the country. On the other hand, he has, through Executive Order, banned "Bump Stocks" a device which has been attributed to the high amount of fatalities and injuries inflicted upon concert-goers in Las Vegas from a casino resort across the street on October 1st, 2017. He has also said to "...Take the guns first, due process second" with regards to taking away guns from potential mass shooters and criminals, a statement which drew the ire of gun rights groups as well as fellow Republicans. 1. Where do you see the gun issue going in 2020 and beyond? 2. How important will it be? 3. Which side will ultimately win out? 4. Will there be any new legislation on the federal level, or will this issue be tackled almost exclusively at the state level? 5. What will the new legal and political landscape surrounding guns look like as firearms technology evolves and 3-D printed firearms become more common, more well-built and harder to track?
Sam Harris on Michael Bloomberg and stop-and-frisk
Hi folks. In the latest podcast episode (189) Harris made some comments about Michael Bloomberg and stop-and-frisk. Let’s first of all take a look at what Harris said: “Let’s start with Bloomberg, because he’s someone who is getting, you know there’s at least an attempt to defenestrate him based on a few things he said as mayor which may have been politically imprudent or too candid by half, but in many respects not obviously wrong. And the arguments against him really seem to be pseudoarguments. And so, at the time of recording this this is a fairly vivid scandal or pseudoscandal in journalism now. But, the Democrats are pillorying him over remarks he made that were just unearthed from the Aspen Institute in 2015 when he was talking about stop-and-frisk. And I have the quote here, so this is Bloomberg in 2015, after he was mayor. He was I believe mayor for 11 years of New York City, and the policy for those who don’t recall it, it’s been since more or less phased out, but, the cops were stationed more in minority areas and stopping and frisking people looking for guns, mostly, and crime rates plummeted. There’s some uncertainty about the causal factor there, but it was not irrational at the time to think that stop-and-frisk was part of the policy that was succeeding in causing crime rates to plummet. Anyway, so Bloomberg said: '95% of your murders and murder victims fit one MO. You can just take the description and Xerox it and pass it out to all the cops. They are male minorities 15-25. That is true in New York. That is true in virtually every city in America. And that’s where the real crime is. You’ve got to get the guns out of the hands of the people who are getting killed. So you want to spend the money on a lot of cops in the streets. Put those cops where the crime is. Which means minority neighborhoods.' And then in a subsequent interview he said: 'One newspaper and one news service, they just keep saying ‘Oh it’s a disproportionate percentage of a particular ethnic group.’ That may be, but it’s not a disproportionate percentage of those who witnesses and victims describe as committing the crime. In that case, incidentally, I think we disproportionately stop whites too much, and minorities too little. It’s exactly the reverse of what they’re saying. I don’t know where they went to school, but they certainly didn’t take a math course, or a logic course.' Alright so he’s clearly making it difficult for himself there, in hindsight, politically. But the reality is, all the data I’ve ever read about violent crime support what he’s saying here. The disproportionate number of perpetrators and the disproportionate number of victims are coming from minority communities. And what these communities suffer from is not too much policing, it’s been the wrong type of policing. There’s too much policing around petty crime, and not enough policing around solving murders, and how to get that right is a difficult question. But the people who are saying that the only way to have arrived at a stop-and-frisk policy was borne of racism, and not caring about the disparities of the way in which crime victimizes communities, that’s just clearly untrue. A completely rational and compassionate attempt to mitigate violent crime could have given you this policy. And it seems to me that the thing the Democratic party has to be able to admit at this point, in order to talk anything like sense on this topic, is that it’s a difficult social problem, that, the mayor was right in his diagnosis, that you could win money all day long in a casino that would allow you to place a bet on the age range and gender and minority identity of a perpetrator of a violent crime in New York City. You know, it’s not the ultra-Orthodox Jews who are mugging people in New York City. But that’s a politically toxic thing to make salient, and the remedy of stop-and-frisk became politically toxic, and probably wasn’t worth doing in hindsight. He could have figured that out earlier than he did, perhaps. But, the fact that he’s being castigated on the left as a racist monster, just seems to be emblematic of all of the miscalibrations in our politics on the left, that the wokeness is ensuring. And it seems, above all, a recipe for giving us four more years of Trump in the end.” Okay, well I have some thoughts about this. Let’s break this down into what was said, and what wasn’t said.
What was said.
Firstly, Harris is generally misrepresenting the situation when he says Democrats are ‘pillorying him’ over remarks he made. If you look at the transcripts of the tworecent debates, the comments aimed at Bloomberg’s stop-and-frisk policy are generally not about the comments Harris quoted, but the policy itself. From Nevada: Sanders: ‘In order to beat Donald Trump, we’re going to need the largest voter turnout in the history of the United States. Mr. Bloomberg had policies in New York city of stop-and-frisk, which went after African American and Latino people in an outrageous way.’ Warren: ‘Democrats are not going to win if we have a nominee who has a history of hiding his tax returns, of harassing women and of supporting racist policies like redlining and stop-and-frisk.’ Biden: Well the fact of the matter is, he has not managed his city very, very well when he was there. He didn’t get a whole lot done. He has stop-and-frisk, throwing close to 5 million young black men up against a wall. And when we came along in our administration, President Obama and said, “We’re going to send in a mediator to stop it.” He said, “That’s unnecessary.” Biden: ‘Yes. Let’s get something straight. The reason the stop and frisk change is because Barack Obama sent moderators to see what was going on. When we sent them there to say, “This practice has to stop,” the mayor thought it was a terrible idea. We send them there, a terrible idea. Let’s get the facts straight. Let’s get the order straight. And it’s not whether he apologize or not, it’s the policy. The policy was abhorrent and it was, in fact, of violation of every right people have. We are the one, our administration sent in people to monitor it. And the very time the mayor argued against that. This idea that he figured out it was a bad idea. He figured out it was a bad idea after we sent in monitors and said it must stop. Even then he continued the policy.’ Warren: ‘When the mayor says that he apologized, listen very closely to the apology. The language he used is about stop and frisk. It’s about how it turned out. Now this isn’t about how it turned out. This is about what it was designed to do to begin with. It targeted communities of color, it targeted black and brown men from the beginning. And if you want to issue a real apology, then the apology has to start with the intent of the plan as it was put together and the willful ignorance day by day by day of admitting what was happening. Even as people protested in your own street, shutting out the sounds of people telling you how your own policy was breaking their lives. You need a different apology.’ From South Carolina: King: ‘Mayor Buttigieg, mayor to mayor, mayor to mayor, you've certainly had your issues with the black community as well. Do you think the New York City's implementation of stop and frisk was racist?’ Buttigieg: ‘Yes, in effect, it was. Because it was about profiling people based on their race. And the mayor even said that they disproportionately stopped white people too often and minorities too little. ’ O’Donnell: ‘Senator Klobuchar, was the way that the mayor implemented stop and frisk racist?’ Klobuchar: ‘Yes, and I think that what we need to do instead of just reviewing everything from the past is talk about where we're going to go forward.’ So we can see that generally, the comments being made by Democratic rivals are about the policy, how it was implemented, or how Bloomberg responded to criticism of the policy. Ditto comments made in the press:
Repeating the phrase, “We will not beat Donald Trump with,” Sanders ticked off the issues that have dogged Bloomberg for a week: a “racist” policy like stop-and-frisk that “caused communities of color to live in fear,” his past opposition to raising the minimum wage and that he “blamed the end of racist policies such as redlining for the financial crisis.” Biden slammed Bloomberg’s record on policing in New York and other issues important to African American voters, a crucial demographic for the Democratic nomination -- and especially for Biden, who has lost black support as Bloomberg’s support among blacks has picked up. “You take a look at the stop-and-frisk proposals. You take a look at his ideas on redlining he’s talking about. You take a look at what he’s done relative to the African American community,” Biden said. So the idea that the criticism is simply about remarks Bloomberg made is either a misrepresentation or is misleading commentary.
Secondly, ‘the arguments against him really seem to be pseudoarguments’. Which arguments? Because lots of arguments have been made about stop-and-frisk as it relates to Bloomberg, and we’ve already seen that the criticism of Bloomberg isn’t narrowly lazered in on some comments he’s made about it, but is about the policy itself as implemented and handled by Bloomberg. Without specifying the arguments that have been made, or the people who have made them, this is just a lazy and vague assertion. Nevertheless, we can actually look at some arguments against Bloomberg’s stop-and-frisk policy:
It was ruled unconstitutional in how it was being carried out, violating the Fourth Amendment and the Fourteenth Amendment. I presume Harris wouldn’t consider this a ‘pseudoargument’.
evidence has emerged of the harms created by the strategy. We now know that students heavily exposed to stop-and-frisk were more likely to struggle in school, that young men were more likely to experience symptoms of anxiety and depression, that this exposure fostered cynicism in policing and government writ large, and that it made residents more likely to retreat from civic life. In effect, Mr. Bloomberg’s policing record — one of his greatest liabilities as voters begin to appraise him at the ballot box — may have clouded the other accomplishments that form the strongest case for his bid as president, in areas like education, public health and good government. Recent research by Mr. Bacher-Hicks and Elijah de la Campa found that black middle-school students exposed to more aggressive policing were more likely to later drop out of school and less likely to enroll in college. The researchers looked at parts of New York that had many stops, not necessarily because those places had high crime or other correlated factors, but because they happened to be assigned a precinct commander who was more likely to advocate frequent stops. Within these neighborhoods, students may not have been stopped themselves. But they went to school in communities where this kind of policing was pervasive. The negative effects on education appeared for girls, too, even though they were far less likely to be stopped by police than boys or young men. That implies, the researchers suggest, that something deeply embedded in the girls’ environment — like fear or distrust of authority that students learned from it — might have hindered their education. More police stops, the researchers found, were also associated with chronic absenteeism. That study adds to other research in New York finding that black male students who were more exposed to stop-and-frisk had lower test scores. And other research using surveys about experiences with the police has found that students around the country who were arrested or stopped, or who witnessed these encounters or knew of others involved, had worse grades. That these effects appear strongest for black students suggests that aggressive policing could worsen racial achievement gaps in school as well. “All these kinds of disadvantages can accrue and build up,” said Aaron Gottlieb, a professor at the Jane Addams College of Social Work at the University of Illinois at Chicago, who has studied policing and student grades. “Let’s say a police stop reduces the likelihood that you go to college. That’s going to impact your earnings in the long run.” Other research shows that negative interactions with the police can shape how residents think about government and civic institutions, and even democracy more broadly. “It teaches something really important — and something really negative — about what agents of the state and bureaucracies are supposed to be doing in your community, what role they play, what their character is,” said Amy Lerman, a political scientist at the University of California, Berkeley. She and Vesla Weaver, a political scientist at Johns Hopkins, have found that even minor encounters with police can reduce the likelihood of voting, a pattern other research of stop-and-frisk in New York has documented as well. Ms. Lerman and Ms. Weaver have shown that aggressive stop-and-frisk tactics can even have a chilling effect on whether residents use a service like 3-1-1 to report issues that have nothing to do with crime at all.
Is this a pseudoargument?
As a general widespread and crude policy, in how it was carried out, it may not have provided much, if any, benefit in crime reduction. That is, the benefits may have actually come from more focused or justifiable policing efforts:
Data suggests that the vast majority of street stops made by the police in New York at the height of stop-and-frisk weren’t particularly helpful in fighting crime: Few led to arrests or uncovered weapons. But research has found that a small subset of stops, those based on specific suspicions by officers and not general sweeps or racial profiling, do appear to have helped reduce crime.
Impact zones were significantly associated with reductions in total reported crimes, assaults, burglaries, drug violations, misdemeanor crimes, felony property crimes, robberies, and felony violent crimes. Impact zones were significantly associated with increases in total reported arrests, arrests for burglary, arrests for weapons, arrests for misdemeanor crimes, and arrests for property felony crimes. Impact zones were also significantly associated with increases in investigative stops for suspected crimes, but only the increase in stops made based on probable cause indicators of criminal behaviors were associated with crime reductions. The largest increase in investigative stops in impact zones was based on indicators of suspicious behavior that had no measurable effect on crime. The findings suggest that saturating high crime blocks with police helped reduce crime in New York City, but that the bulk of the investigative stops did not play an important role in the crime reductions. The findings indicate that crime reduction can be achieved with more focused investigative stops.
Is this a pseudoargument? Thirdly: ‘There’s some uncertainty about the causal factor there, but it was not irrational at the time to think that stop-and-frisk was part of the policy that was succeeding in causing crime rates to plummet.’ While it’s not possible for me to say whether it was rational or irrational at the time to think that stop-and-frisk played some role in crime reduction, even at the time, going back to at least 1999 (predating Bloomberg’s first mayoral term), the City had been aware that stop-and-frisk involved widespread constitutional violations:
[The City has] received both actual and constructive notice since at least 1999 of widespread Fourth Amendment violations occurring as a result of the NYPD’s stop and frisk practices. Despite this notice, they deliberately maintained and even escalated policies and practices that predictably resulted in even more widespread Fourth Amendment violations. . . . The NYPD has repeatedly turned a blind eye to clear evidence of unconstitutional stops and frisks.”
Which would not seem to be a great thing for a Presidential candidate to have aggressively expanded and vigorously defended over many years, when there was awareness of widespread constitutional violations at the time. Fourthly: ‘A completely rational and compassionate attempt to mitigate violent crime could have given you this policy.’ If such a policy were rooted in rationality and compassion, would there not have been consideration for the known widespread constitutional violations and the fact that the vast majority of those being stopped were innocent people having negative experiences with law enforcement? In addition to which, when the New York City Council passed bills which provided oversight of the stop-and-frisk policy, including an independent monitor of the police department, Bloomberg vetoed them both! Surely someone being motivated by rationality and compassion would not object to oversight of their practices? Fifth: ‘And it seems to me that the thing the Democratic party has to be able to admit at this point, in order to talk anything like sense on this topic, is that it’s a difficult social problem, that, the mayor was right in his diagnosis, that you could win money all day long in a casino that would allow you to place a bet on the age range and gender and minority identity of a perpetrator of a violent crime in New York City. You know, it’s not the ultra-Orthodox Jews who are mugging people in New York City. But that’s a politically toxic thing to make salient…’ So Harris says that this is a politically toxic thing to make salient, but for some reason the Democratic party are supposed to say ‘Well, Bloomberg was right that it’s mostly young black or Latino people committing violent crimes, in fact you could win money all day long betting in a casino on this very proposition!’ and this is…supposed to help them in the election? This sounds utterly ridiculous and a surefire way to alienate and anger voters and depress voter turnout. Lastly: ‘the remedy of stop-and-frisk…probably wasn’t worth doing in hindsight’. Is this all Harris can say in assessing the policy, it probably wasn’t worth doing in hindsight? No mention of its being unconstitutional in practice, of widespread constitutional violations being known since at least 1999, of the majority of those stopped being innocent people, of various harmful effects it could have caused and which may still be ongoing? This statement is so devoid of awareness or familiarity with the details that it just comes across as either callous or oblivious.
What wasn’t said.
Repeating myself, but: the practice was found to be unconstitutional. This is a major thing to omit from a discussion of stop-and-frisk under Bloomberg.
When saying the practice was ‘more or less phased out’, this omits the fact that it was massively amplified under Bloomberg, and that when Bloomberg says he cut the practice back by 95% this is based on cherry picking by comparing against a high figure from his expanded usage; when he left office there was still a net increase in reported stops compared to when he first took office.
Anyway, I have to say that, when considering both what Harris did and didn’t say about stop-and-frisk, I didn’t find him to be making much sense on this topic. What are your thoughts?
Reno casino gaming win in June only drop 6.8% compared to 51% drop in Vegas
Reno casino gaming win/revenue only drop 6.8% compared to 51% drop in Vegas. Any ideas why we are doing much better than Vegas in June? Casinos report 21% drop in “Gaming Win” for the fiscal year https://www.kolotv.com/2020/07/29/casinos-report-21-drop-in-gaming-win-for-the-fiscal-yea RENO, Nev. (KOLO) - Nevada casinos reported a “Gaming Win” of $566,806,791 for June 2020. The win is down 45.55 percent from June of 2019, but the largest decreases were seen in the Clark County casinos. Area June 2020 June 2019 % Change Statewide $566,806,791 $1,040,978,076 -45.55% Clark County $441,041,951 $906,679,758 -51.36% Washoe County $65,039,703 $69,814,217 -6.84% South Lake Tahoe $13,080,609 $16,461,499 -20.54% Carson Valley Area $9,234,538 $9,397,270 -1.73% Elko County $24,745,871 $25,282,415 -2.12% Other $13,664,119 $13,342,919 2.42% The Las Vegas Strip saw the largest decrease, down 61.36%. Countywide, Clark County saw a 51.36% decrease in its gaming win the loss of tourism due to COVID-19. Washoe County casinos saw a drop in the gaming win of just 6.84%. Nevada’s fiscal year runs from July through June. For the 2019-2020 Fiscal year, Nevada’s total gaming win dropped by 21.67%. The Nevada casinos were allowed to reopen in mid-May. For the month of July 2020, the state collected $344,027 in percentage fees, based on taxable casino revenues generated in June of 2020. That amount represents a 99.39% decrease from July 2019′s tax collections.
For all the people complaining about Vegas opening up "early"
From LVA: May Was a .01% Month: Nevada collected exactly $56,000 in tax revenue from casinos in May, down 99.9% year over year; that came from mobile sports betting and online poker. The casinos, closed throughout the month, recorded a 99.4% decrease in winnings compared with May 2019. Other bleak comparisons with last year included a 96% decrease in visitor volume and a 91.5% drop in passenger traffic at McCarran. Interestingly, the 151,000 visitors tallied for the month would fill the city's 150,000 hotel rooms for one night. It would take three months of that level of income just to pay Sisolak's salary. Edit: This is how Nevada is funded and where the money goes.
Casino taxes are second to sales taxes as a percentage of Nevada’s annual budget, and casino winnings are a key indicator of state fiscal health. Nevada has no personal income tax. Gov. Steve Sisolak convened a 12-day special session of the Legislature on July 8 that addressed projections of a $1.2 billion revenue shortfall in the state’s $4.5 billion general fund budget. The program continues to ask me to complete a State Payer ID for the Peppermill Casino in Reno Nevada as I must report these gambling winnings, I am a California resident. How do I get the State Payer ID number to be able to transmit my returns? Nevada casino winnings report charts slow return of gamblers. By KEN RITTER August 26, ... Casino winnings on the Strip were down 39.2% in July compared with a year ago, ... Casino taxes are second to sales taxes as a percentage of Nevada’s annual budget. Casino taxes are second to sales taxes as a percentage of Nevada’s annual budget. The state has no personal income tax . Gambling Casinos The Las Vegas Strip Coronavirus Disease 2019 Casino Winnings Sales Taxes Income Taxes Gaming Control Board AP Michael Lawton Casino Taxes House Winnings Nevada Regulators Sports Bettors Lake Tahoe Nevada casinos winnings down 19.5% in October. Sportsbooks’ October win of $42.4 million from bettors was down 11.49% from October 2019, but the overall sports betting handle was $659.6 million in October, an increase of 21% from the previous monthly record of $614.5 million last October. United States 11/26/2020. Casino taxes are second to sales taxes as a percentage of Nevada's annual budget. ... Washoe County casino winnings increased 7.8% and South Lake Tahoe properties reported a nearly 18% jump in the ... Casino Winnings Are Not Tax-Free. ... If you're going to "lose the shirt off your back," you might as well do it in a "good" gambling state like Nevada, ... How to Report Taxes on Casino Winnings. Unlike income taxes, gambling taxes are not progressive. The IRS considers any money you win gambling or wagering as taxable income. The threshold for which gambling winnings that must be reported ... Of course, the US federal government always wants a cut. It demands 24% of your winnings through federal taxes. However, states vary on how they tax gambling income. Some are much worse than others due to their high rates. Casino Gambling Taxes by State. The following guide covers seven states that want a big chunk of your winnings.
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