IsItBullshit: Many, MANY freemium mobile games (like Candy Crush) are designed in collaboration with "Casino Experts" from Las Vegas, in order to make them more "addictive" and gain more money from players?
I saw that claim somewhere but cannot remember where
My neighbour got a pre-declined credit card in the mail.
Wives are having sex with their husbands because they can not afford batteries.
CEO’s are now playing miniature golf.
Exxon-Mobil laid off 25 Congressmen.
A stripper was killed when her audience showered her with rolls of pennies while she danced.
If the bank returns your check marked ‟Insufficient Funds,” you call them and ask if they meant you or them.
McDonald’s is selling the 1/4 ouncer.
Angelina Jolie adopted a child from America.
Parents in Beverly Hills fired their nannies and learned their children's names.
A truckload of Americans was caught sneaking into Mexico.
A picture is now only worth 200 words.
When Bill and Hillary travel together, they now have to share a room.
The Treasure Island casino in Las Vegas is now managed by Somali pirates.
And, finally…. * I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc.., I called the Suicide Hotline. I got a call centre in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.
A series of trips to Las Vegas by September 11 hijackers became the object of the largest investigation in the city. The reason behind these trips remains a mystery.
On September 11 of 2001, 19 men hijacked four planes and crashed them into the World Trade Center, the Pentagon and into an open field in Shanksville PA. These men were al-Qaeda terrorists doing the deeds in the name of a holy war against the West and not much about the attack remains a mystery unless you subscribe to the inside job theory, which isn't my case. What authorities haven't been able to explain is the hijackers' several trips to Las Vegas despite what has been dubbed to be the broadest investigation in city. All these trips happened within a few months before the attacks, but the men behind them left very little evidence of their activities in the area. TIMELINE May 24 - Marwan Al-Shehhi, the pilot who crashed the United Airlines Flight 175 into the South Towers of the WTC, arrived to Las Vegas from San Francisco and rented a room at Travelodge as a walk in customer. Once there, he called eight other motels. May 25 - Al-Shehhi walked in the St. Luis Manor, a hotel that wasn't on the call list. At 12:52 pm, he rented a different car, but didn't return the first car until 3:58pm. The unaccounted mileage in both vehicles summed up to 29 miles. FBI believes that these unusual patterns were a conscious attempt to avoid detection. May 27 - Al-Shehhi made it to New York. June 7 - Ziad Jarrah, pilot of the United Airlines 93 that crashed in Shanskville while on its way to the Capitol Building, arrived to Las Vegas and rented a car at 3:13 pm. He was accompanied by an unidentified man described as "middle eastern looking". When Jarrah asked for directions to Circus Circus Hotel and Casino, the a rent-a-car employee tried to give him an answer but was interrupted by the unidentified man who suggested another route. The man's knowledge of the address suggests that he was familiar with the area or that he had been in Las Vegas before. June 10 - Jarrah took a flight to the Baltimore Washington International Airport leaving his rented car with a mileage exceeding 200 miles and no trace of his Las Vegas whereabouts . June 28 - Mohamed Atta, pilot of American Airlines Flight 11 that crashed into the North Tower of WTC and leader of the hijackers, arrived to Las Vegas at 2:41 pm and rented a car at 4:25 pm. At 6:40 pm Atta established an account at Cyberzone internet café and used the computer for one hour and thirty five minutes. June 29 - Atta checked into Econo Lodge Motel at 1:01 pm. He logged in at Cyberzone again at 2:21 and 6:21 pm. Once done, the FBI believes he went back to his hotel. June 30 - Atta accessed his Cyberzone accounts at 1:56 pm, 6:30 pm and 9:33 pm. The mileage analysis indicated that he returned to his hotel afterwards. This day as well as the day before, Atta had placed several call to Al-Shehhi as well as to two different number in Houston, TX. One number was unassigned and the other one belonged to a mobile salesman. July 1 - Atta returned his rented vehicle at the airport at 5:12 am and took a flight to New York that connected in Denver. The vehicle had 73 unaccounted miles of usage which the FBI believes would cover a round trip to the Hoover Dam. July 31 - Waleed al-Shehri, hijacker of the Flight 11, took a flight from San Francisco to Las Vegas where he stayed for 45 minutes while waiting for another flight to Miami. It is unclear to me whether this was a tactical flight - the hijackers were believed to take flights to study their trajectory as well as entrance to the cockpit-, or just a connection. August 13 - Hani Hanjour and Nawaf al-Hazmi, pilot and hijackers of the American Airlines Flight 77 that crashed into the Pentagon arrived to Las Vegas at 11:18 am. At 11:58 am, Atta arrived to Las Vegas to and rented a vehicle at 1:46 pm. The FBI assumed that the three men met, but no activity from Hanjour and al-Hazim was recorded from that trip. Atta accessed a room at the Econo Lodge at 2:55 pm and connected at the Cyberzone at 11:26 pm, getting back to his room at 12:46 am. August 14 - Atta returned his rented car at 11:09 am leaving no unaccounted mileage and took a flight outside Las Vegas. Hanjour and al-Hazmi boarded a flight at 11:29 am. THEORIES A) Al-Qaeda was looking to target Las Vegas area As noted in Atta's first trip, the unaccounted mileage added up to a round trip to the dam from his hotel. However, Atta's vehicle was not among the recorded license plates in the parking garage of the dam. If the hijackers had connections in Las Vegas area, which seems to be the case with Jarrah, Atta might have traveled to Boulder City or any other town close to the lake and gotten to the dam with someone else in a different vehicle. It should also be noted that both Atta and al-Shehhi stayed in hotels close to the Stratosphere, a hotel and casino located in the highest building of the city. Being known as the Sin City, Las Vegas could have been a attractive target for jihadists looking to rebel against what they perceived to be the westernization of their home countries and culture. B) Hijackers were exchanging information with other Al-Qaeda members The FBI emphasized the short duration on hijacker's trip to Las Vegas saying that it was just long enough to exchange information. Authorities believe that Atta was not only looking at flight on the East coast but he also kept in communication with Ramzi bin al-Shibh, a potential 20th hijacker who had been denied entry to the United States and acted as an intermediary between Al-Qaeda and the other hijackers. Jarrah's mystery companion and the complete lack of evidence of his whereabouts point to possible terrorist acquaintances residing or staying in Las Vegas that are yet to be identified. The FBI summary mentions two persons of interest: Lotfi Raissi and Zakaria Hassan Ibrahim. Raissi started attending the Sawyer School of Aviation in 1998 one month after Hanjour quit. Two days after Jarrah left Las Vegas, Raissi arrived to the city with his wife and stayed there until June 18. His stay didn't overlap with that of the hijackers and he claims he went to Las Vegas to celebrate his honeymoon. On September 21, Raissi was arrested near Colnbrook, UK, where he had been living at the time of the attacks. Prosecutor Arvinder Sambei claimed that the FBI had footage of him celebrating an event with Hanjour and that his flight logs from March 2000 to June 2001 were missing. It has also been claimed that Raissi was training five of the hijackers. No such proof was presented to the courts and the man in the footage turned out to be his cousin and not Hanjour, as it had been previously claimed. Hassan Ibrahim had previously been convicted for trafficking in fraudulent passports and visas. He was the person to provide Mir Aimal Kansi, CIA headquarters shooter , and Mohammed A. Salameh, perpetrator of the 1993 WTC bombing, with fake documents. He was reported to have spent most of July in Las Vegas. Unfortunately, not much information about this individual is accessible so I could not verify if any connection between him and the hijackers was formally established. C) Hijackers went to Las Vegas as a final pleasure stop before committing suicide This theory was briefly mentioned by Evan Thomas, journalist, and quoted by criminologist Adam Lankford in his psychological autopsy of Mohamed Atta. According to the author, Atta and the other hijackers - Hanjour and al-Hazmi - might have visited Las Vegas because maybe " they wished to be fortified for their mission by visiting a shrine to American decadence". While not much is known about Hanjour and al-Hazmi, Atta has been alluded to by the people who knew him as a sexually repressed man who experienced extreme discomfort around women and the mildest hint of sexuality. When years of repression build up an uncontrollable sexual urge, the individual might end up participating is risky sexual activities. Nevertheless, the circumstances of the trip make sex and gambling very unlikely motives. Their stays were short, happened across different months and there was no evidence of them visiting casinos or any similar venues. Strippers supposedly identified al-Shehhi as one of their patrons, but evidence was not conclusive. Furthermore, there is no reason to believe that a quick visit to the strip club was anything more than a fun opportunity while pursuing a bigger goal. I personally believe that the hijackers visited Las Vegas to coordinate the attacks with other members from Al-Qaeda who flew under the radar (no pun intended). SOURCES: Las Vegas investigative summary Theories on why 9/11 hijackers visited Las Vegas David C. Henley: 9/11 hijackers visits to Nevada remain a mystery Wikipedia entry for Mir Aimal Kansi Wikipedia entry for Mohammed A. Salameh Cracking the terror code EDIT: Thanks for the awards people!
Vegas casino worker here. First post here, also on mobile, so, formatting. I work graveyard shifts at one of the properties in Downtown Las Vegas. This was just after I clocked out one morning (a couple of months before the wholle CoVid thing went down). I was walking along Fremont when some big fat fuck (becomes relevant in a bit) asked me about something concerning a property I don't work at. I told him that I don't know about THAT property as I don't work there, but I was more than happy to walk him over and find someone there that could answer his question. Dude went from chill to absolute douchecanoe in a heart beat and started to berate me under the assumption that since I worked at one property, I HAVE to have knowledge about the other. Couldn't get a word in edgwise until he closed with "you're a fucking dick!" To which I replied after looking him up and down, "What? Been so long since you've seen yours you forgot what one looks like, eh?" Remember that shade of red in the animated "Attack of the Killer Tomatoes"? Yeah, that was his face. I waved him off and made my way to the bus stop.
I'm moving to a different system this team. Google Docs will make this much easier to update. Craps Minimum Spreadsheet Please comment if you want changes to be made. I'll make a change on the sheet and it should update for everyone. There are 5 tabs:
The tabs will make it easier to view data, especially on mobile. Edit: On the Non-Nevada page, added a City and State column to make sorting casinos easier. You can also search by 2 letter state to find information. Let me know how this works out for you. Working to get the old threads unstickied and this on stickied. I'll be in Las Vegas next week and will update as I can and publish trip reports. Part 1 Part 2 Part 3 Part 4 Part 5 Non Nevada Part 5 Nevada
Here are my ideas to what they should do for the future games Mafia I Remastered (Upgrade to next gen graphics, fix the lighting and the few glitches. Change some things like when you fill up your gas tank show Tommy doing it like in Mafia II instead of what we got now, change the drive by it’s too easy, give us the option to change clothes in the story instead of just in free roam and add all the golden guns too. Change the way he goes up and down a ladder because that’s exactly like Lincoln Clay, change how he throws molotov and also change how he takes cover because that’s also exactly like Lincoln. Also change the way npc’s react when they’re shot or shot at and make them smarter. Add rival gangs so we can fight them in free roam. Make the bullet holes on npc’s and Tommy better. Add some things like trams, trains, a wanted system exactly like Mafia II, places to eat, ability to smoke, clothing stores, vehicle customizations, trafic lights so we can get a ticket when we run over red light, maybe some ambulances that can arrive when people die and make the police do a crime scene where the people died, more free roam missions where you could be inspired by the ones in the original Mafia and some more scores to the chapters. I love the scores that are there now but sometimes it gets a little repetitive and could be refreshing if there were something new. I know this is a small thing and I also know that you can see it on the map but I would love for them to write the date of the chapter when the chapter loads up like in Mafia II.) DLC: Don Peppone (Everybody would love to see this. We all wants to see what happened. Let the game take place in 1910s to late 1920s. Let’s see a commission meeting with the big names from Mafia II, III, IV and V when Don Morello and Don Salieri became rivals. Show Carlo’s father. Maybe we could also see Alberto Clemente get his family accepted at the commission meeting in 1929. Show how Paulie and Sam got accepted into The Salieri Family. Would also have loved to see a cameo of Don Vinci to see the friendship between Don Salieri and him.) DLC: Mafia II Mobile (This is a really good story that only a few has tried. It takes place in 1938 about a protagonist called Marco Russetto who is the nephew of Vincenzo. He travels to Empire Bay to find Tommy Angelo after he betrayed The Family. He starts working for Henry Tomasino. Look up the story it’s really interesting he works for Don Falcone and Don Vinci. He ends up in prison at some time also. There are some things in the story that you would have to change so it would make sense but this really does have potential. Plus if you created this Empire Bay map then you could use it for a Mafia II Remake.) Mafia II Remake (It needs it. It truly needs it when you look at all the things that where scrapped. Add all the cut content. Add some amazing next gen graphics and a fantastic engine. Don’t change the characters look or voice since this game has the best voice acting in the world. Add more chapters to it so it would be longer and fill out the holes in the story. And let’s see more background to the characters. Maybe add some countryside to expand the Empire Bay map. Make some references to Los Ondas and the mobsters there. Make also some references to Mafia III and IV characters. Let’s see the return of the cigarette cards where we see the big mobsters of the 40s.) DLC: Vinci-Moretti War (Very interesting story. We would love to see why this war happened and to see how Don Falcone and Eddie Scarpa took over after Don Moretti died. To see a younger Leo Galante and Don Vinci in the war and how they acted. Would also love to see how Alberto Clemente took over Don Moretti’s and Don Vinci’s businesses. That would explain why Leo Galante hated Alberto so much. You could maybe include Fredo Clemente somewhere there and maybe see Alberto give Henry Tomasino a job and Luca Gurino’s involvement. Let’s see more to Jack Olivero and Tony Balls since he was the driver in the car with Don Moretti where Steve Coyne planted the bomb and killed Don Moretti. Show how Derek Pappalardo was involved in the war and how he got rewarded the docks.) DLC: Joe’s Adventures Remake (To this one they need to add cutscenes. Interesting point of view to see it when Vito was in jail but it lacked cutscenes. Let’s hear more about Tony Balls and Rocco.) Mafia III Remake (A game with a lot of good elements, great story and great characters. Fix all the glitches and lighting. I had 2 problems with this game. Number 1 was that it was really repetitive. I don’t feel it had a good reply value like the other 2 games. I think this remake should make it chapter to chapter based so we don’t have to take over all those rackets again and again. Number 2 was that I didn’t feel it was so connected to the franchise. I felt with a remake where you add some chapters and some voice recording where you hear about some of the characters from Mafia I, II and IV would help a lot. And as I stated below I think Mafia IV should be a prequel to Mafia III being set in the gap of Mafia II and Mafia III. So therefore you could add Mafia III characters to Mafia IV’s story. Since it’s the 30th anniversary of The Salieri Family case then they should add a newspaper about it. Maybe tell that Detective Norman has retired. Make some references to Los Ondas and the mobsters there. Add again the cigarette cards and show the big mobsters of the 60s) DLC: All Saint’s Day Massacre (It would be amazing to have a prequel to Mafia III about Sal Marcano and his brothers to see how they took over New Bordeaux. Let’s see how Sal tricked his brothers to kill Don Carillo and how Valerio Marcano died and let’s see some background to Sal’s brother Lucio. It would also connect us more to Mafia III’s story where this is the Marcano Family’s rise and Mafia III is their downfall. Would love to see a commission meeting with Sal where he introduces himself as the new don of New Bordeaux. Let’s see some more to Roman Barbieri, Frank Pagani, Gianni and Tony Derazio and Enzo Conti and how they got recruited. Let’s see Thomas Burke and Sammy Robinson and the rest of the Black Mob and how they ended up working for Sal Marcano and maybe their problem with the Haitians.) Mafia IV (Set as a prequel to Mafia III in Havana and Florida. Inspired by Godfather II and Meyer Lansky’s story. Tell the story about Fredo Clemente. Let’s see Sal opening his casinos in Havana and how Tommy Marcano got to work for him. Let’s see the other families settling down in Havana. How did Fredo react when his brother died and wouldn’t he kill the 2 who did it? Maybe some families from other states where causing trouble. Maybe the families from Pennsylvania would like a slice of the casinos. Let’s see an introduction to Louie Romeo just to see him. Tell more about Nino Santangelo since he is cuban. Since the events of this game is taking place before Mafia III maybe we could see what happened to Lucio Marcano when he died in 1962. Make some references to Los Ondas and the mobsters there. Add again the cigarette cards and show the big mobsters of the 50s.) DLC: Pennsylvania (Inspired by The Irishman, The Pittsburgh Family and The Bufalino Family. Let’s see some of the Mafia there and how they wanted to take control of some of the casinos in Havana. Show their connections to The Empire Bay families. Maybe Louie Romeo could be from this state.) Mafia V (Inspired by Casino and Mickey Cohen’s and Bugsy Siegel’s story. Now this should be about Los Ondas and how the Mafia wanted to take control on the West Coast. Los Ondas should be Los Angeles and Las Vegas combined. It should take place from the 30s-80s. Let’s see when the commission from the East wanted Louie Romeo to make their move on the West. It would be interesting to see Los Angeles in the 40s-50s and Las Vegas in 70s-80s. Let’s see a war in the Las Vegas strip. This would take place at the same time as the other mafia games so make some references and cameos from the characters from the other games. Maybe Fredo Clemente and Louie Romeo could be in war so you could see it from 2 different perspectives. Mafia IV would be Fredo’s perspective and Mafia V would be Louie’s perspective. Since it also takes place after the events of the other games let’s see what happened to the families in those citys. Like we could see who was running Lost Heaven after the 30’s and who ran Empire Bay after the chaos that Vito, Joe and Henry has caused.) DLC: San Francisco (Maybe a map expansion and show how the family operated there.)
The catalyst I'm most excited for is the day when you can order oils, edibles and infused drinks from restaurants and the room service menu in your Las Vegas Hotel. We will see custom strains and products developed for each restaurant casino and hotel. Although recreational cannabis use is legal in Nevada and has been since 2017, public consumption is not, and this includes at most hotel and casino properties. The safe banking act will get us one step closer but federal legalization will be required to allow casino hotels to allow this to happen. Federal legalization will have a huge impacts on states that already allow recreational MJ products. Established producers will have a head start on getting partnerships with these large companies. Once a power house like MGM can be invested into its own supply chain of these products it will be rocket ships for all. Covid will fade away and travel will return. Biden/Harris will get the safe act through and follow Canada in full federal legislation. My bet is on AMA, aka https://www.1933industries.com/ It has been a horrible performer and is currently beat down to all time lows. I predict they will be one of the biggest turn around good news stories over the next 3 months.
It’s June 18th, 2017. There are three days before the National Hockey League’s first expansion draft in seventeen years, and the boardroom of T-Mobile arena, the future home of the Vegas Golden Knights, is buzzing. Months of scouting, speculation on who might be available, and discussions about possible trades are finally nearing their fruition. Bill Foley, the team owner, steps out to grab another cup of coffee when a thought suddenly strikes him. He works it around in his brain for a second, then runs back into the boardroom. A pro scout who focuses on goaltending is making his pitch to General Manager George McPhee. “...Well, if we don’t take Grabovski, Jaroslav Halak is available as a potential backu-“ “Don’t you DARE speak that bastard’s name to me!” McPhee screams. He quickly snaps out of the PTSD flashback that the goalie’s name inspired and moves on. “We’ll take the centre from them and... what about that Rangers backup instead? That Raanta guy?” On the whiteboard behind them is a set of handshake deals that they have made, pending registration with the National Hockey League's office.
Anaheim trades: Shea Theodore for Expansion Draft Considerations. (Clayton Stoner) Columbus trades: 2017 1st, 2019 2nd, jack johnson, for Expansion Draft Considerations (William Karlsson) Florida trades: Reilly Smith for Expansion Draft Considerations (Jonathan Marchessault) and a 5th round pick Minnesota trades: Alex Tuch for Expansion Draft Considerations (Erik Haula) and a 3rd round pick New York trades: 2017 1st round pick, 2019 2nd round pick for Expansion Draft Considerations (Mikhail Grabovski) Tampa Bay trades: Nikita Gusev, 2017 2nd, and 2018 4th for Expansion Draft Considerations (Jason Garrison) Winnipeg trades: 2017 1st round pick and 2019 3rd round pick for Expansion Draft Considerations (Chris Thorburn) and Columbus 1st
Foley interrupts the goaltending conversation - this can't wait. "George, can I talk to you quickly?" They take a sidebar. "George, I just had a thought. These deals you made - you just traded 'expansion draft considerations,' right?" "Yes, we'll select the player that they want us to." "But what if you don't? What if you just take whoever you want? Would it be against the rules?" "I... well...no. Technically we could do that. But it would be dishonest and would make everyone furious at us." "So? I didn’t buy an NHL team to make friends. I bought an NHL team to win a Stanley Cup, and also to let people know that I went to West Point. Did you know I went to West Point?” “Yes Bill” “I trust you George. Now go out there and get me a championship.”
Tensions are high in the green room on June 21st. General managers are walking in and out to greet and chit-chat with George McPhee and Bill Foley, the newest members of their exclusive fraternity of NHL executives. They laugh and exchange stories: Joe Sakic tells them about the gas leak in the Pepsi Centre that they noticed as soon as the season was over; Peter Chiarelli asks them to give him a call if they draft a right handed defensive defenceman (because that Draisaitl kid isn't really working out); John Chayka asks them if they're hiring. McPhee is having a hard time keeping things light and friendly, knowing that he's about to betray all of these men. Just submitting an offer sheet is enough to get you kicked out of the GM Secret Santa, let alone dishonesty at this level. Gary Bettman walks into the green room excitedly. “Bill, George, I am so excited for us to get going. Everyone in this building is so energized, I even just saw Evgeny Kuznetsov doing some smelling salts in the bathroom!" ~ The Las Vegas Hard Rock Hotel and Casino is packed with new Vegas Golden Knights fans. The award show itself is highlighted by the best NHL.com intern-written jokes that unpaid can buy. Host Joe Manganiello is dutifully following the Jack Johnson model on stage: he might be bombing out there but boy is he eating up minutes. After Brent Burns finishes his Norris trophy victory speech, and the PA quickly wipes the crumbs and beard hair off the microphone, the time has come for Vegas’ first picks. "From the Anaheim Ducks, Vegas picks…” McPhee looks out at the smiling faces in the crowd. He sees Bob Murray, sitting with his plus-one for the evening (Randy Carlyle). He sees Jim Rutherford trying to turn his blaring ringtone off with his screen brightness turned up all the way. He sees Lou Lamoriello, sitting with a slightly less murderous look in his eyes than usual. He knows that the friendships he has fostered with all of these extremely normal and competent people will never recover from what he is about to do. He takes a deep breath. “Josh Manson!" The Vegas fans go wild. The attached trade is announced too: they have picked up Shea Theodore in exchange for “draft considerations.” The general managers’ faces contort with fury as it dawns on them what has happened. Things only get worse as McPhee and Foley continue to announce their picks. Instead of taking Erik Haula from the Wild, they take Matt Dumba. And they still get Alex Tuch. Instead of taking Mikhail Grabovski from the Isles, they take Brock Nelson. And they still get a 1st and a 2nd. Instead of taking Jason Garrison from the Lightning, they take Yanni Gourde. And they still get Nikita Gusev. ~ After the show, twenty-nine general managers storm the green room with murder in their eyes. Bettman tries to deflate the situation. “Good evening gentlemen. I understand you’re upset, bu- Wait, where’s Jim Benning?” “He got stuck in the revolving door somehow. But we have him on speakerphone.” Benning's voice bellows out of Pierre Dorian's team-issued Motorola Razr. “That was an embarrassment! A mockery! An insult to everything that hockey is supposed to be! Who even wrote those 'jokes' anyway?! And by the way, the expansion draft was bullshit too!” Bob Murray’s face is an angrier shade of red than usual. “George you scumbag, we had a fucking deal! We only traded you Shea Theodore so that you would take Clayton Stoner!” McPhee says “Well actually, Bob, the trade was made for “draft considerations.” And I promise you we really considered taking Stoner.” The room erupts in anger again. Garth Snow is irate as well: "You bastard, how could you take Nelson?! Resigning Tavares would've been a sure thing if you had taken Grabovski instead! I can't imagine how this franchise's cap situation could possibly be any worse!" Lou Lamoriello smirks. Bettman sighs and tries to be diplomatic. “Gentlemen, I’m sorry, but he’s right. It says in the transcripts of the official trade calls that the trades were made purely for ‘considerations’, not for the selection of specific players. There’s nothing we can do about that. That being said, George, per the NHL’s licensing agreement with EA Sports we will need to confiscate a few of your phones.” The managers walk out of the room grumbling. On the way out, a confused Dale Tallon says “There's one thing I don't understand: If George went back on all those other deals, why didn’t he take Alex Petrovic from us instead of that Marchessault guy? And he still took that cap dump Reilly Smith from us too! What an idiot.” ~ The Knights’ players were already fired up by their respective teams’ willingness to let them go – now they’re extra motivated by everyone else in the league hating their guts.
Jonathan Marchessault – William Karlsson – Reilly Smith David Perron – Brock Nelson – Yanni Gourde Tomas Nosek – Vadim Shipachyov – James Neal Ryan Carpenter – Pierre-Edouard Bellemare – Alex Tuch William Carrier Brayden McNabb – Matt Dumba Nate Schmidt – Josh Manson Shea Theodore – Colin Miller Jack Johnson Marc-Andre Fleury Antti Raanta
They claim the President's Trophy and the Stanley Cup in each of their first three seasons. The league's general managers conspire to exact revenge on these scoundrels, and all agree that Marc Bergevin should offersheet their best young players, a plan that immediately backfires when Bergevin inadvertently saves Vegas considerable negotiating time and helps them lock up their core at reasonable numbers. The Knights later find a loophole in the salary cap that allows them to add high-salary free agents seemingly at will. After they sweep through the bubble playoffs in 2020, it becomes clear that no other team can compete with them, and TV ratings hit a dismal low. Amid financial uncertainty caused by COVID-19, the National Hockey League officially folds in late 2020. Agent Allan Walsh, desperately trying to secure spots in the KHL for his stunned clients, soberly sums up the feelings of the hockey world: https://preview.redd.it/q9p41mrmnzv51.png?width=560&format=png&auto=webp&s=5db5d08168a2c897b4f57e8473f73612f191398c (Thank you for reading, it's been awhile!)
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News Heading into Wednesday August 19th 2020 NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
GNCA Genocea -1.8% as holders file to offer 21.39M shares
VRNA Verona Pharma Initiates Multiple Dose Part of Phase 2 Clinical Trial with pMDI Formulation of Ensifentrine in COPD (Overnight News).
AXDX Accelerate Diagnostics up 13% on FDA emergency use nod for COVID-19 test (Overnight News).
CYDY CytoDyn requests “Fast Track Approval” in U.K for COVID-19 trial (Overnight News).
HUD Dufry to buy rest of Hudson in $311 million deal (Overnight News).
BTG B2Gold Continues to Operate Unimpeded at its Fekola Mine in Mali (Overnight News).
REGN Regeneron teams with Roche to triple supply of its COVID-19 drug (Overnight News).
MTP Midatech Pharma Announces Exercise of Warrants and Issue of Equity (Overnight News).
ON ON Semiconductor Announces Upsize and Pricing of Private Offering of $700 Million of 3.875% Senior Notes (Overnight News).
RXT Rackspace Technology Announces Results of Global Cloud Budget Survey, Uncovers the Hidden Complexities of IT Spend Management (Overnight News).
GS Booking app Omio raises $100 million in travel recovery bet (Overnight News).
CHGG Chegg Prices Offering of $900.0 Million of 0% Convertible Senior Notes Due 2026 (Overnight News).
FUTU Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares (Overnight News).
BCOV Streamed Video Content Dominates Media and Entertainment Consumption According to the Brightcove Q2 2020 Global Video Index (Overnight News).
ORCL Trump Expresses Support for Oracle to Buy TikTok (Overnight News).
BX Takeda preparing to sell Japan consumer health unit to Blackstone: Kyodo (Overnight News).
NOVA GAF Energy and Sunnova Launch Strategic Partnership to Expand Roof-Integrated Solar Options for Homeowners (Overnight News).
EQNR Equinor’s share saving plan allocates shares (Overnight News).
AAPL Apple Revamps Music Radio Service With A Rebranded Beats 1, And Two New Stations (Overnight News).
World’s largest shipping firm says demand will ‘significantly decline’ this year(Overnight News).
NI NiSource Inc. Announces Pricing and Preliminary Results of its Any and All Tender Offer
WU Western Union Now Available at CARD Bank (Overnight News).
INBX Form S-1MEF (registration adding securities to prior form s-1 registration [rule 462(b)]) filed with the SEC
GILD Gilead comes up empty with U.S. application for filgotinib for rheumatoid arthritis
MIDD The Middleby Prices Upsized Offering of $650 Million Convertible Senior Notes Due 2025
U.S., China to expand airline flights between them to eight per week. (UAL, DAL, CEA, ZNH)
JUUL MO Juul E-Cigarette Getting FDA Review to Stay on the U.S. Market
HRMY Form S-1MEF (registration adding securities to prior form s-1 registration [rule 462(b)]) filed with the SEC
CDNS Cadence's John Wall to Present at KeyBanc Future of Technology Series
EHTH EHealth chief bullish on future, increases stake to 703K shares
ZNGA Zynga Becomes Largest Mobile Game Maker by Market Share
CNDT Conduent +3.2% as it names Icahn's Gary to board for settlement
RMAX RE/MAX 2020 Broker Owner Conference Features Memorable Speakers, Valuable Lessons and the Launch of New Tools, Training and Technology for its Global Network of Entrepreneurs
CNNE Cannae Holdings Announces Investment in Foley Trasimene Acquisition Corp. II’s Recently Priced $1.3 Billion Initial Public Offering
BFT Foley Trasimene Acquisition Corp. II Announces Pricing of Upsized $1.3 Billion Initial Public Offering
RIO Rio Tinto cuts 2020 refined copper outlook on smelter restart delay in Utah mine
AR Antero Resources Announces Pricing of $250 Million Offering of Convertible Senior Notes
III Asia Pacific Sourcing Slumps in Q2 on Pandemic Concerns
QHRC Quest Resource Holding to Present Virtually and Host 1x1 Investor Meetings at the 11th Annual Midwest Ideas Investor Conference on August 26th & 27th
REV C Citi Resigns Role on Brigade CLO Deal Amid Escalating Loan Feud
REV C Citigroup wins freeze on funds mistakenly sent to Revlon creditors
RDFN Late-Summer Housing Market is Unseasonably Hot, Prices Up 10% and Pending Sales Up 13%
RPAI Retail Properties Of America Prices $400.0 Million Offering Of Senior Unsecured Notes
SRNE Sorrento Therapeutics -10.4% after CFO's ouster
STAR iStar Pricing $400 Million of Senior Unsecured Notes
CWT California Water Service Group Honored as Silver Stevie® Award Winner for COVID-19 Employer Response
JNPR Archdiocese of Brisbane Selects Juniper Networks to Provide AI-Driven Wi-Fi Solutions Across Its Operations
ROP Roper Technologies Prices Public Offering Of $300 Million Senior Unsecured Notes Due 2022, $700 Million Senior Unsecured Notes Due 2025, $700 Million Senior Unsecured Notes Due 2027 And $1 Billion Senior Unsecured Notes Due 2031
TTEK Tetra Tech Wins $29.7 Million USAID Renewable Energy Contract
SPKE Spark Energy Announces Class A Common Stock Share Buyback Program
DMYD dMY Technology Group II Announces Closing of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering
GVA Granite Inliner receives C$12M sewer maintenance project in Canada
BPYU Brookfield Property REIT Inc. Announces Final Results of Tender Offer
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Not Financial Advice (NFA) Warning: Wall of Text. If you hate reading just skim through the bolded/italicized Ever since I publicized my findings on DKNG, the stock has underperformed & probably has fucked a lot of people here, especially given the overly bullish stance back in June. Unless you took my advice & got into Puts then, congrats, welcome to tendie town. For the ADHD retards, here’s what the next wall of text is going to summarize: I believe at the current price of ~$30, the stock is oversold. A tech-focused, high-growth Company that has made sports betting easy to understand with an aesthetically pleasing interface similar to how Robinhood has neatly laid out stock market gimmicks so even high-schoolers can make sense of it I believe, is underpriced at these levels. Let’s get into some details as to why the stock has underperformed: First off, the news slate revolving sports with the rumored delay/cancellation of the MLB season & the NFL watching from the sidelines is in my view, just a part of why the stock has underperformed. We’ll revisit this later in this post, but I want to focus on the drivers of the stock’s recent underperformance, & why these factors are now in the rearview mirror. Part I – The Past Has Passed – SPAC-related Equity Dilution History lesson first: DKNG went public via a SPAC merger, which has exploded in popularity recently. Anyone serious about analyzing stocks going forward needs to do their homework on this, Google is your friend. A feature of most SPAC merger to public listings that creates a headwind to near-term share prices are embedded equity dilution events, usually in the form of earn-outs (stock bonuses to execs, the SPAC sponsor) & conversion of Warrants. On 5/24, the earn-outs were triggered, adding 6m shares to the share count. On 6/26, 16.3m warrants converted to DKNG, netting them ~$188m of cash. Stepping back a little, in addition to the above, on 6/18 DKNG launched a follow-on equity offering of 16M shares @ $40/Share , receiving $621M in proceeds. The last part is tricky to understand from a dilution perspective. To simplify, historically it’s almost a coin toss whether a Company’s shares outperform on the onset of an equity offering. While issuing shares does dilute the existing shareholder base, it theoretically shouldn’t, if the proceeds from the offering are earmarked for investments/projects that yield outsized returns. This is the reality for the long term, theory for the short-term. For the short-term, the ‘reality’ isn’t that the proceeds will be used for investments/projects that yield outsized returns, it is more about how convincing management is to investors that the investments they intend to pursue with the proceeds will outweigh the dilutive effects of issuing incremental shares. That’s a mouthful, but hopefully you get what I’m trying to convey. All of this stuff put together – the Company has increased its share count by ~39M, but now has a whopping ~$1.4Bn of cash . More on this in the next section. Part II – MLB News Should Not Fucking Matter & DKNG Is Positioned As the Leading Online/Mobile Sports Platform DKNG should not be so tied to MLB news or any of this shit as the ongoing success of the NBA/NHL season + Soccer in Europe has effectively created a blueprint on how to regulate player behavior so that they maintain professionalism amidst the pandemic. I’m going out on a whim here, but I truly think the MLB threatening a cancellation of the season is pure posturing to get these fuckers to behave appropriately. Maybe a ‘bubble’ is what it takes to get these players to focus on their jobs instead of going out & contracting COVID, but I argue that isn’t necessarily required given Soccer in Europe. So there’s already a proven path here without the need for a bubble in Soccer, so MLB/NFL should be fine, and execs need to study how they got it done in Europe. Okay, back to some facts. Anecdotally, I’ve kept in touch with a handful of sports bookies from California to New York & even internationally about what they’re seeing – all of them say that since the NBA season started on 7/30 & since Soccer (especially the Premier League) resumed in June, along with other leagues like La Liga & Serie A, they’ve seen massive increases in betting. These numbers are also showing up in the official data :
Average % increase in sports betting handle from April 2020 to June 2020 (handle is the total $ wagered in sports bets) from the states that reported up to June 2020 (NJ, PA, MS, RI, WV, IA, IN, NH) of +258%!
Note: NV is left out due to the site I sourced showing a weirdly negative number – so I dug into the official filings & show specifically, Sports Mobile betting growth from June since April has growing by at least +73% 
REMEMBER: This is for June only! No NBA, No NHL, No MLB, just Soccer, Golf, NASCAR & UFC. The data clearly shows that there was a ton of pent-up sports betting demand, which leads one Wall St. analyst to think that betting on the NBA/NHL could ABSORB the MLB’s sports betting handle (handle = total $ size of sports bet) . Remember, the MLB season is still ongoing, with games being played. The entire focus is on the Miami Marlins & St. Louis Cardinals. Fucking retards. Additionally, I want to remind everyone that DraftKings.com is the #1 Fantasy sports website in the U.S. . Also, since April 2020 site visitations are up +86%  & Google Search Trends for “Draft Kings” is up ~3xcompared to PRE-COVID levels . What does this mean? They are piquing more people’s curiosity than prior to COVID/ongoing slate of sports. This is important because remember that ~$1.4Bn chest full of cash I mentioned DKNG had assembled earlier? Well, that money is being put to work & results are already coming in, which is exactly what DKNG intended to do with it. Part III – Legalization of Sports Betting in the U.S. I could write a fucking bible on this topic alone, but for now we’ll stick to some basics. Due to COVID, it’s easy to understand that each State’s financial situation is clearly in shit. Because of this, you better believe that these guys are going to start taking a hard look at how they can extract additional tax revenues, & what’s one of the easiest ways to do this? Legalization & taxation of gambling. The big players: CA, TX, FL & NY. First, CA pushing its legislation out to 2023 was fucked up, but here’s a twist I want to add to this: Anything that has to do with gambling in CA you better believe is lobbied against by not just the Tribal casino owners in CA, but by the deep pockets of Las Vegas money. Similar thing can be said for FL, but let’s take a look at some actions by LV/nationwide gambling companies that are starting to align financial incentives with guys like DKNG.
MGM / GVC Holdings JV in BetMGM - $450m total invested
PENN invests $163m into BS Sports
Caesars has a 20% stake in William Hill plus partnership deals with The Stars Group (TSG) & our winner DKNG for operating its sports books
So it’s safe to say going forward, nationwide legalization of sports betting will reap rewards for everyone involved, & no longer be something LV money is completely focused on safeguarding. Let’s also not forget that DKNG didn’t become the Company they are today because of their fancy app, but because their management team has a HISTORY of navigating the U.S.’s legal framework to get what they want out of it.
The Crown Jewel – The Internet Gambling Prohibition & Enforcement Act: I said it in a previous post, but I want to emphasize that them getting Fantasy Sports to be labeled a ‘game of skill’ by FEDERAL Law as opposed to gambling is just something for the history books. Fucking genius shit. When this happened I bet every casino from LV to every Indian Tribe that has one was against it, yet DKNG & other DFS providers won.
There’s more, but more recently: Getting into IL:
In IL, there’s an 18-month ‘penalty box’ for Companies that offer DFS to offer sports betting. Our guys at DKNG created a workaround to this situation with their partnership with Casino Queen . DKNG being savvy again.
News Heading into Friday July 24th 2020 NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
China tells US to close consulate in Chengdu in growing spat
CSTR ($10.90) CapStar Financial Holdings and Gaylon Lawrence Announce Collaborative Agreement
IO) ($2.85) ION announces first 3D multi-client program in Mauritania
BKYI ($0.67) Identity, Security and Access Management Solutions Provider BIO-key Completes $24.8 Million Public Offering
DXC ENGIE IT Teams with DXC Technology and ServiceNow to Launch Certified Global Center of Excellence
MARA ($0.99) Marathon Patent Group Announces Pricing of $6.0 Million Upsized Underwritten Public Offering of Common Stock
APM ($3.66) Aptorum Group Becomes the First Nasdaq Listed Biopharmaceutical Company Admitted to Trading on Euronext Paris Stock Exchange Under the Ticker Symbol APM
OCX Oncocyte to Hold KOL Webinar Showcasing New Data and Real World Usage of DetermaRx™
RDUS ($13.90) Menarini Group and Radius Health Announce Global License Agreement for the Development and Commercialization of Elacestrant
THTX ($3.19) Theratechnologies Reports That Tesamorelin Improves Liver Health
UXIN ($1.42) Uxin Reports Unaudited Financial Results for the Transition Period from January 1 to March 31, 2020
BIOL ($0.45) reported (3) new insider trades (acquisitions) to the SEC
ENLC ($2.54) EnLink Midstream to Participate in Investor Conference
PSTV ($2,46) Plus Therapeutics to Present at the YAFO Access China Partnering Conference on July 30, 2020
BTE ($0.52) Baytex Conference Call and Webcast on Second Quarter 2020 Results to be Held on July 30, 2020
HEXO ($0.73) HEXO vapes now available across Canada
GWGH ($6.76) reported 6 new insider trades to the SEC
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
Total annual US Gambling Revenue: ~$90Bn 
Illegal Sports Betting: ~$13Bn
Horse Racing: ~$0.8Bn
Daily Fantasy Sports: ~$0.4Bn
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% ). 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
In total, DKNG has DFS paying clientele of ~4mm, the metric management focuses on is “Monthly Unique Payers (MUP)” which spans across DFS & online sports betting***. As of Q1’20 they reported 720,000*** MUPs, representing +16% YoY growth 
Average revenue per monthly user (ARPU) of ~$41, +11% YoY
Based on previous observation of Hold %, looks like ARPU growth will be limited
Since ’17, MUP has grown at a ~11% CAGR & ARPU has grown at a ~19% CAGR
As a side note: the ~4mm monetized user base was acquired at ~$122/user over 3 years. Total users cost them $41/user over the last 3 years .
They are currently EBITDA negative & Wall St expects them to be positive by 2023
I took a dive into the math driving this, here is a summary:
Based on their current cost structure they will need to have ~1.7mm MUPs at an ARPU of ~$46 to break-even. This implies total monetized users of ~10mm from ~4mm currently
Numbers that represent Risks to Long Thesis
DKNG’s user base of ~12mm is on the low end of the sector vs. its ‘brick & mortar’ competitor's user bases (online betting platforms with physical casino presence)
CZR with 55mm, MGM with 33mm, ERI with 10mm (in pending merger with CZR, could have a lot of overlap), FanDuel with 8.5mm
Is there a concern for increased marketing costs to increase user base? Let’s look at a case study of NJ, the first state to open both mobile & retail sports betting:
FanDuel + DraftKings have held 80%+ of the OSB market share since 12/2018 which is estimated to be driven by the conversion opportunity from DFS that is unique to both companies 
On the flipside, a case study to examine going forward is how DKNG can get OSB customers in a State that does not allow DFS. Nevada. Home to Las fucking Vegas. Prior to NV pushing FanDuel/DKNG out (highly likely due to casino lobbying), NV was a top-15 State in terms of revenue for them. NV is home to the fattest sports book in the US, & recently the gaming commission started to parse the data on sportsbook wagers done online vs. in-person, & it came out to roughly 50/50. It will be interesting to see how they try to capture market share in a state with no DFS
Long-term EBITDA margin target of 35% requires huge growth in MUPs
Based on their estimated '22 cost structure: Holding ARPU of ~$46, MUPs will have to be ~5.2mm, a 7x increase from current to achieve a EBITDA margin of 35%
A focus on future earnings will be management's ability to shift to a more fixed-cost structure which would effectively lower the MUP requirement for profitability
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)
Management seems to be focused more on the first step, but one thing to note is that the 33% monetization rate is very high when compared to something like League of Legends which isn’t entirely comparable but in 2013 had a ~4% monetization rate . This, combined with the below implies that this conversion rate may be the ceiling for now
As a side note, ~6 years ago FanDuel had ~300k monetized on an ~800k user base for a monetization rate of ~37% 
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).
MUP sensitivity of 5mm - 6mm
ARPU sensitivity from $41 - $47 for an average of $44, just a $3 increase from current of $41.
Share Price targets based on 2.0x - 4.5x EV / Sales.
Note: Flutter Entertainment (FanDuel ParentCo) trades at ~3.6x EV/Sales
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
Consideration: A 1x premium to FanDuel's 3.6x, implies a ~15% upside to current. They're bigger than FanDuel, do they deserve the premium?
- MUP Growth exceeding beyond targets
Consideration: Stock currently implies that they should on average be growing at 40% QoQ – during 2018 they had on average +30% growth QoQ in MUPs, marking their best year
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.  Wall Street Research - 6/27/19  https://rotogrinders.com/articles/bang-for-your-buck-a-look-at-dfs-industry-rake-153302  https://draftkings.gcs-web.com/static-files/8f3a5c5a-7228-45bf-aab2-63604111c48d  Wall Street Research - 5/19/20 https://www.gamasutra.com/view/news/223071/Dont_monetize_like_League_of_Legends_consultant_says.php  https://rotogrinders.com/threads/how-many-people-actually-play-dfs-regularly-252044
Top 7 Online Card Games For Money Played By Professionals
Have you ever played card games online for money? If not, what online games can you play with playing cards and make money? Let’s have a look at different card games to play online for real money. These Indian card games can be played online from home to make real money with ease. What is the best online money making card games to play with friends? Almost everyone has a fascinating soft corner for the realm of making money while having fun. The best way to earn real money or cash by playing online rummy card games. Yes, there are many real money card games online in India, where you can play online games with your friends or strangers. In that most of the persons choose card games for earn real money online! List of Online Card Games For Money Played by Professionals:
Indian Rummy Indian Rummy is probably the most loved 13 card game that is the all-time favorite of a majority of professionals. You can earn money by playing online rummy with thousands of players across the world from an app that can be easily downloaded to your device. How to:
Mostly played by two to six people, the game revolves around 13 cards that are distributed to each of the players, and the rest are kept at the center of the table.
Once you made a valid sequence, you need to make shout out as “Show” to declare the winning hand.
Out of many rummy sites or mobile app, you can chooseClassic RummyPlus App for its safe, secure & hassle free online gaming experience. Classic Rummy offers top-quality user experience along with amazing offers. Classic Rummy Offers Welcome Bonus Free Register,Get ₹5000 BONUS + ₹500 Instant Cash More Info Refer and Earn Refer,Get ₹1500 CASH CHIPS + 20% BONUS More Info Daily Tournaments Win up to ₹15 Lakh worth of Rewards More Info Download Rummy Game App Now! Earn Real Money Key Features of Rummy Game:
Play Rummy Online – Safe, Secure and Rewarding!
User-friendly Multi-table Feature
Customized User Experience
Special Promotions to earn money
Designed for both ios and android
Variants in Rummy:Pool RummyPoints RummyDeals Rummy
Poker Poker is one of the finest online card games you can play. It is the most played money game that is still in the market for its unique genre. Is online poker a good way to make money? Yes, with a wide range of users across the globe, online poker enables users to make money in a hassle-free manner. How to:
The aim of the game is to have the best hand possible out of your two private cards and five public cards.
Even if you are opting for the online poker rooms, these are equally amazing because you can play from the comfort of your home.
You can play quick online cash games that are available for all stakes and take part in some global tournaments operating worldwide.
You can find online poker apps for both android and ios platforms.
You can play poker online for real money or for fun. Most online poker platforms provide the desktop version as well as the mobile version of the game. Key Features of Poker Game:
Played with a 52 card deck
Can be played by 2 to 14 players
A poker hand comprises 5 cards
Variants in Poker:Texas Hold’emOmahaRAZZ
Joker Wild The aim of this variant of the card game is to get the best five-card hand, and this is ideally a variation of video poker. How to:
If you are stepping into online gaming where professionals make a lot of money, then this game can be a great alternative.
This game uses a 53-card deck and consists of one joker. After you place your bet, you will receive five cards.
The goal of the game is to obtain the best 5 card hand possible. Simple as that!
Key Features of Joker Wild Game:
Authentic Vegas style games
Designed for both iOS and android
Joker wild game offers amazing opportunities to make money on an online platform in a safe and secure manner. Hearts This is one simple card game that can be played by any beginner) and is played by four players. How to:
Though there are some complicated passing rules, if you do practice, then you can always play the game and win big.
A lot of players play the game by setting a certain monetary value for each point and settle the difference after the game is over.
“Play Online Card Games for Real Money” Key Features of Hearts Game:
Trick-taking playing card game.
3-6 players’ game.
Designed for both ios and android.
Baccarat Baccarat revolves all around the concept of getting a total nine or a total closest to nine. How to:
If you are playing online, then you can choose from Punto Banco, Easy Baccarat, Mini-Baccarat or Baccarat Banque.
There are many other variants that may seem to be interesting enough to make the online betting world sorted for you.
Key Features of Baccarat Game:
Card game played at Casinos
Multiplayer Game play
Variants in Baccarat:Mini-baccaratSuper 6/Punto 2000EZ Baccarat
Blackjack All casino lovers have played blackjack at least once in their life. You must have surely heard of blackjack as a money-making game, How to:
where the sole aim is to beat the dealer by getting 21 points on the first two cards.
If you score higher than 21, then that will result in losing the stake called a bust.
But if you score 21 or less, then you can win the game by busting the dealer.
Key Features of Blackjack Game:
Popular global banking game known as Twenty-One
Popular Las Vegas rules just like at the casino
Variants in Blackjack game:Spanish 21“Vegas Style” BlackjackDouble Exposure BlackjackDouble Attack BlackjackBlackjack SwitchSuper Fun 21
Texas Hold’em The prime goal of this game is to get the best five-card. The game is a variation of poker. Instead of playing against the house, this game puts you against a series of players. How to:
The game Texas Hold’em is all about the skills that the player has rather than totally depending on the luck.
So if you know a few strategies, then you can surely improve the game and give yourself the chance to win some real money.
Key Features of Texas Hold’em Game:
Most popular variants of the card game of poker
Alternative names: Hold ’em
Play Various Tournaments and Scenarios
Practice and Have Fun
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Le post d’hier est ici. Le bilan chiffré et les cartes d’hier sont ici Merci pour tous les messages hier, et aujourd’hui ! Si vous connaissez des liens pour proposer des services d’aides aux personnes âgées et fragiles, aux soignants, aux personnes qui travaillent, est-ce que vous pourriez les poster en lien que je fasse une liste? Il y a actuellement 199 000 cas dans le monde. Le nouvel épicentre de l’épidémie est l’Europe, et notamment la vieille Europe. Edit: il est 14 heures et il y a maintenant plus de 204 000 cas. Edit: il est 22h30, et il y a maintenant 217 000 cas recensés. Hier, la Belgique a aussi décidé de son confinement. D’après les rumeurs, New York sera confinée d’ici 48 heures. Les casinos ont fermé à Las Vegas. En Italie, les chiffres sont toujours très impressionnants: 31 506 cas (+3526) et 2503 décès (+345). La situation est catastrophique à Bergamo, où les hôpitaux sont saturés. Il y a pourtant une bonne nouvelle: dans les régions où le confinement a été mis en place de manière précoce, le nombre de nouveaux cas diminue. Au niveau national, même si c’est occulté par l’énormité des chiffres, on peut voir que cela commence à se tasser aussi. L’Italie est en bonne voie. Il faut savoir qu’ils publient plein de données, et aident vraiment à comprendre le phénomène, donnent plein d’infos précieuses aux autres pays. J’espère que personne ne l’oubliera. En Espagne, la situation est aussi difficile. Il y avait hier 11178 cas (+1236) et 491 décès (+149). En France, la situation est catastrophique dans le Haut-Rhin. Des patients commencent à être évacués vers d’autres hôpitaux. Il semble qu’un tri ait été mis en place. Depuis hier la réa est saturée. Il y a plus de cas détectés en Île de France que dans le Grand Est. Hier, l’exode des parisiens (et dans d’autres métropoles) a continué. Les gares ont été prises d’assaut. Chez moi, le confinement, c’est pas gagné : il y a un jardin non visible depuis la rue, je n’y ai jamais vu autant de monde (gamins, famille qui joue au badminton, gars qui font des étirements, petites vieilles qui lisent sur les bancs...) qu’hier après-midi. Si les images des hôpitaux du Haut-Rhin fuitent, les gens prendront peut-être conscience de ce qui se passe. Incroyable ces comportements alors qu’on a conscience de ce qu’il se passe en Italie! Niveau traitement, beaucoup de buzz autour de la chloroquine. Des infos que j’ai, le traitement marche et est utilisé avec succès en Chine, où il a bien fait chuter le taux de mortalité. Il y a cependant des ajustements à faire sur les dosages, à cause des effets secondaires chez certains patients. De nouveaux députés ont été testés positifs. Je laisse cet article de la Provence ici, je conseille à chacun de le lire afin de se rendre compte de l’égalité des chances à la française. Vous pouvez avoir des infos sur l’étude sur laquelle s’est appuyé le conseil scientifique pour rendre son avis ici . Concernant la durée du confinement, personne ne croit aux 15 jours. Les optimistes parlent de 45 jours, les pessimistes jusqu’à l’été. De mon côté, l’info que j’ai est un pic prévu dans trois semaines si aucune mesure de confinement n’était mise en place. La donne a changé en positif avec la mise en place du confinement, en négatif après les débilités des citadins de ce week-end suivi de leur exode. Edit : la donne a changé sur le taux de mortalité, pas sur la durée du confinement comme on me l’a fait remarquer. Je m’égare à vouloir que ça dure le moins longtemps possible... Au Royaume-Uni, Boris Johnson a annoncé que s’il y avait 20 000 morts ou moins, ce serait un bon résultat. Partout dans le monde, des plans de soutien massifs à l’économie sont lancés. Il faut dire qu’entre les usines fermées, les gens au chômage, les compagnies aériennes qui menacent de faire faillite en mai, les inquiétudes sont grandes. Au Japon, ils s’acharnent encore à vouloir organiser les JO (voir le communiqué ici ). Aujourd’hui : — Important et à communiquer à tous les inconscients qui laissent leurs gamins jouer en pensant qu’ils ne craignent rien: une nouvelle étude montre que 6% des enfants développent des symptômes sévères.
— Le DGS dit que la situation s’aggrave rapidement. 4000 tests aujourd’hui, 42 500 tests depuis le début de l’épidémie. 9134 cas (+1404), 3600 personnes hospitalisées , 931 cas graves. 264 (+89) décès - don’t 7% touché des personnes de -de 65 ans. Le bilan par région est ici . Il y a maintenant 2693 cas en Île de France, 2163 dans le Grand Est. Les autres régions sont sous les 1000 cas. La moitié des patients en réa ont moins de 60 ans. — Il y a un projet de loi d’Etat d’Urgence Sanitaire . D’après l’AFP: « Le projet de loi d'urgence pour faire face au #covid_19 prévoit d'autoriser la déclaration d'un "état d'urgence sanitaire", permettant notamment de restreindre certaines libertés, selon ce texte obtenu par l' #AFP de source parlementaire. L'état d’urgence sanitaire "donne pouvoir au Premier ministre de prendre par décret pris sur le rapport du ministre chargé de la santé, les mesures générales limitant la liberté d’aller et venir, la liberté d’entreprendre et la liberté de réunion et permettant de procéder aux réquisitions de tout bien et services nécessaires afin de lutter contre la catastrophe sanitaire", détaille le texte. » — Castaner au 20h de TF1. — La Chine nous envoie un million de masques et du matériel médical (source) — Je pense qu’on peut dire adieu aux marchés en plein air sous peu vu ce qu’il se passe à Barbès. — Au niveau confinement : y’a pas plein de monde, mais il y a quand même des gens dans la rue (ca en fait beaucoup pour jogging/je vais bosseje vais faire les courses).Je vois passer les flics régulièrement. C’est simple: mis à part une voiture qu’ils ont contrôlée ce matin, je ne les vois contrôler personne. Je sais pas si chest spécifique à mon quartier, où bien ils ne contrôlent que quand il y a attroupement. — Olivier Veran déclare qu’on peut espérer un ralentissement dans une douzaine de jours. — Jean-Paul Hamon, le président de la fédération des médecins de France , est contaminé. Il explique la situation difficile dans son cabinet, car il n’est pas le seul à avoir été testé positif. — Ricard va fournir de l’alcool pour produire les gels hydro alcooliques. LVMH a effectué ses premières livraisons aux hôpitaux. — comme dans d’autres pays, il commence à y avoir des mutineries dans les prisons. Il y a eu un début à Grasse hier. . La situation est inquiétante à Fresnes, qui est surpeuplée et où cinq cas ont été détectés. En Italie, il y a eu des morts et des fugitifs. En Iran, pour éviter la propagation, 85 000 prisonniers ont été relâchés.
Espagne: 13 716 cas (+1890), 533 décès (+25)
Iran: 17 361 cas(+1192), 1135 deces(+147).
Italie: 35 713 cas (+4207), 2978 décès (+475). L’Italie a publié des données sur les cas (âge, comorbidites etc...). Le pdf est ici .
Allemagne: alors que l’Allemagne se rapproche des 10 000 cas, elle ne compte que 26 décès. C’est vraiment une anomalie par rapport aux autres pays, y compris la Corée qui a énormément testé. J’essaie de comprendre un peu pourquoi.
Royaume-Uni : les écoles vont fermer. Il y a des achats panique là-bas aussi.
Singapour: 47 nouveaux cas aujourd’hui...ils avaient réussi à endiguer l’épidémie, mais ça repart à la hausse...
Aux Etats-Unis, les choses s’accélèrent (confinement etc...) . Donald Trump a invoqué le Défense Production Act . La bourse de New York fermé pour une semaine dans sa forme « physique » et passe tout en électronique.
Études: voici l’avis de Nassim Nicholas Taleb sur l’étude utilisée par le conseil scientifique pour conseiller le gouvernement. Voici un lien vers une discussion reddit intéressante sur la chloroquine. Tout n’est pas pertinent mais il y a pas mal d’infos et d’arguments. Un autre traitement, le favipiravir, est considéré comme prometteur. . Ça ne marche que sur les cas sévères par contre. Pour les traitements, je manque malheureusement de connaissances médicales...quand il y a pas mal de sources d’infos et un peu de recul je peux dire un peu ce qu’il en est, mais pas pour le reste désolée... Article avec les chiffres sur les différences entre les régions mise en quarantaine très tôt en Italie et les régions avoisinantes non mise en quarantaine. Edit: ceci est un fake , c’est d’un goût douteux, mais j’ai pas pu m’empêcher de me marrer.
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