21 Dukes Casino

Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

New England Patriots owner Robert Kraft could be the target of the investigation that is new to sports news siteDeadspinthat claims the billionaire is in violation for the National Football League’s (NFL) ownership policies due to his investment in a hedge investment.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for keeping interests in Caesars.

Kraft, worth an estimated $5.1 billion according toForbes, owns a stake that is smallby his criteria) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly exchanged business, currently valued at around $7 million.

Since Apollo presently keeps a 30 percent stake in Caesars Entertainment, as well as positions in British betting house Ladbrokes and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch states Kraft is in violation associated with the NFL’s gambling policy. The League strictly prohibits owners from directly buying casinos or gaming businesses.

The hedge fund says Kraft has been a director of its company since 2014 on the Apollo website. The billionaire is listed alongside nine other directors and executive officers.

‘Holding that position would seem to be a violation that is clear of NFL’s gambling policy. While the policy allows (more…)

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Wide Open Field for Kentucky Derby Provides Upset Possibilities

 Wide Open Field for Kentucky Derby Provides Upset Possibilities

For the very first time in many years, the Kentucky Derby does not have a horse as a consensus pick. Many experts think several entrants could win the leg that is first of Triple Crown, Saturday.

Though Classic Empire is the favorite at 4-1, experts believe several other horses could capture Saturday’s Kentucky Derby.

Classic Empire has the lowest odds at 4-1, but two other horses, Always Dreaming and McCraken have reached 5-1 and it wouldn’t surprise many if each one was victorious. Irish War Cry is directly behind them at 6-1.

‘It’s as wide open as we’ve seen in a long time,’ Trainer Dale Romans told the nevada Sun. ‘You’re going to possess some big odds on whoever the favorite is. It might be any horse this race. I don’t think this actually means it is a bad group of horses, I do believe it’s a straight band of horses.’

Favorite for a Reason

With precipitation in the forecast, Classic Empire has a benefit according to odds makers as the horse won his maiden race for a track that is sloppy. There isn’t allowed to be large amount of rain, but enough to make the track heavy and keep the pace slow.

The 3-year-old also has an impressive previous performance that made him the pick that is top. He won the Arkansas Derby in April and took two Breeders Cup competitions in October and November.

One interesting note, however, Irish War Cry defeated the utmost effective pick when the two came across in February. H (more…)

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UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits

UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits

Roughly 375 UNITE HERE Local 26 labor union members are prepared to strike at the Twin River Casino in Lincoln, Rhode Island, unless their healthcare benefits are instantly restored.

The the next occasion UNITE HERE Local 26 members stage a sit in, it could be outside the Twin River Casino.

Beginning in January of this 12 months, the union claims Twin River Management, the owner and operator of the casino, reduced healthcare coverage for employees from 100 percent to 80 percent. The new out-of-pocket expenses total over $100,000 for union members alone, based on the local UNITE HERE chapter.

The union took its voice to the actions for the Rhode Island State House yesterday to demand reinstatement of their insurance help.

With about 100 workers in attendance, Local 26 Vice President Jenna Karlin told progressive governmental blog RI Future, and anyone else willing to concentrate, ‘Twin River has seen its share of gaming revenues more than double in the final seven years to over $225 million. Meanwhile, Twin River Casino cut its employees’ medical coverage.’

In addition to its Lincoln property, Twin River has the Newport Grand Casino and Hard Rock Hotel & Casino in Biloxi, Mississippi.

Much on the line

Few dilemmas stir up a far more response that is passionate America than medical. With increasing costs seemingly away from control and the complete lack of bipartisanship in Washington, companie (more…)

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