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fanduel stardust casino jersey city njGibraltar-licensed 888 has declared its intention to apply for licensing in rival online gaming jurisdiction Malta, a reaction to the uncertainties that Brexit will inflict on the British overseas territory on the southern tip of Spain. Usually, only entities owning more than 10 percent of a casino in Nevada are subject to such intense regulatory scrutiny, but the Control Board opted to investigate Galaxy, nevertheless.In an interview with the Nikkei Asia Review, Deputy Chairman Francis Lui Yiu-tung said he was relaxed about the probe.“Galaxy is a blue-chip company,” he said. Usually, only entities owning more than 10 percent of a casino in Nevada are subject to such intense regulatory scrutiny, but the Control Board opted to investigate Galaxy, nevertheless.In an interview with the Nikkei Asia Review, Deputy Chairman Francis Lui Yiu-tung said he was relaxed about the probe.“Galaxy is a blue-chip company,” he said. free slot machines on facebookThe tiny territory’s economy relies on the free movement of people across the Spanish border, where most of its workforce live, of which there can be no guarantee, post-Brexit. Gibraltar-licensed 888 has declared its intention to apply for licensing in rival online gaming jurisdiction Malta, a reaction to the uncertainties that Brexit will inflict on the British overseas territory on the southern tip of Spain. It was a good opportunity to buy into a prestigious company.“They have great quality assets, they are one of the better-run companies in the world and we are happy that we are able to buy a small part of them.”Steve Wynn’s status as Wynn Resort’s majority shareholder had become a serious point of concern for the company as a myriad of sexual misconduct allegations began to pile up against him that threatened to jeopardize the company’s licenses.But a shareholder’s agreement between Wynn and hipechanga casino minimum age guwfs ex-wife, Elaine Wynn, prevented him from selling his shares.Galaxy Boosts Chances of Macau License Renewal A judge in Nevada initially refused to annul the shareholder’s agreement because it was too closely tied up in ongoing litigation between both Wynns and Japan’s Universal Entertainment.Wynn Resorts was so desperate to safeguard its licenses that it paid Universal .4 billion to settle that lawsuit and allow its disgraced former chairman and CEO to sell his shares.Galaxy’s acquisition of those shares made perfect sense for Wynn Resorts and its shareholders. pechanga casino r

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borgata casino free parkingsorts for just under billion last week from the divestiture of Steve Wynn’s shares. (Image: YouTube)“888 is not able to control political changes of this nature, however it is proceeding with its back-up plan of obtaining a gaming licence in Malta and establishing a server fpechanga casino minimum age guwfarm in Ireland so that it can continue to serve European markets with no disruption to its business,” said 888 in its 2008 preliminary results report this week.The company’s “Brexit back-up plan” is a troubling sign for Gibraltar, whose online gambling industry is its largest employee and accounts for around 25 of its gross domestic product. “We are very lucky. wild casino promosorts for just under billion last week from the divestiture of Steve Wynn’s shares. Its citizens voted overwhelmingly to remain in the union in the 2016 Brexit referendum, by more than 94 percent.Nevertheless, they consider themselves overwhelmingly British and reject any Spanish claims of sovereignty.Fears of Dotcom ‘Brexodus’Gibraltar faces a “Brexodus” of dotcom companies if the terms of Britain’s exit from Europe are unfavourable. Between A Rock and a Hard Place‘The Rock’ has benefited greatly from the free cross-border movement of people, goods and services that is enshrined in EU membership and so have its gambling licensees.While some licensees have said they intend to stick with Gibraltar, 888 is not likely to be the only operator to jump ship.Gibraltar is currently an EU member by virtue of its British territory status but has no say in the ongoing Brexit negotiations. online casino tennebee

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online gambling jobs cape town“Yes, I think we have given them something they value and I think in return we are investing in a very nice company.”888 said that it would be unable to operate with a Gibraltar license in the event of a “hard Brexit” as it would not be able to rely on the freedom of services within the EU. I am not worried at all.”Galaxy Will Be Passive InvestorLui revealed that Galaxy Entertainment would not take a seat on the board and, for now, was happy to be a passive investor in the company.He also said the sudden nature of Wynn’s divestiture meant the company had to act fast to make the billion-dollar decision to invest.“It was a very quick window for us to make the decision” he told NAR. Usually, only entities owning more than 10 percent of a casino in Nevada are subject to such intense regulatory scrutiny, but the Control Board opted to investigate Galaxy, nevertheless.In an interview with the Nikkei Asia Review, Deputy Chairman Francis Lui Yiu-tung said he was relaxed about the probe.“Galaxy is a blue-chip company,” he said. “Yes, I think we have given them something they value and I think in return we are investing in a very nice company.”Its citizens voted overwhelmingly to remain in the union in the 2016 Brexit referendum, by more than 94 percent.Nevertheless, they consider themselves overwhelmingly British and reject any Spanish claims of sovereignty.Fears of Dotcom ‘Brexodus’Gibraltar faces a “Brexodus” of dotcom companies if the terms of Britain’s exit from Europe are unfavourable. chinook winds casino lincoln oregon