Is Golden Matrix Group $GMGI About To Surprise Wall Street?
-Golden Matrix, a B2B gaming and sports betting software platform provider with a turn key solution to all customer needs for successfully operating and maintaining an online gaming/sports betting website. -Golden Matrix has recently filed an application for a Nasdaq Capital Markets Uplist with approval pending. -Golden Matrix and Playtech announced a collaboration agreement that has just kicked off this month including GMGI's all new Esports & Peer2P apps. -Golden Matrix reached an agreement with Amelco Gaming to distribute Amelco's leading international sports betting software white labeled in the APAC Region. -Knutsson Holdings Invests $5M with GMGI purchasing 1 Million shares at $5.00 each. What is Golden Matrix? Golden Matrix Group GMGI is a very unique part of the online gambling industry that doesn't get much recognition compared to the actual sports betting companies and casinos, such as Draftkings DKNG or BetMGM. Draftkings for an example is a front-end operator Business to Consumer (B2C), they are what the consumer sees on the app. Where on the other hand, GMGI is the back-end white labeled software platform, Business to Business (B2B). GMGI has everything provided to convert a land based brick and mortar casino to an online casino, including everything from data analytics, games, game management, payment gateways, currencies, languages, 24/7 tech support and more. So what I'm trying to say is Golden Matrix has everything required to setup an online casino or sports betting application. With what's going on in the world today, an online presence is a must. So this is how GMGI and GAN type companies differ from the rest of the online gaming world, as their work is mainly behind the curtains, but are needed in order to run an online casino or sport betting platform. Seeing Golden Matrix is not a front-end B2C retail casino, they do not have to pay hundreds of thousands or even millions to advertise. As a matter of fact they don't have to pay anything, which in turn keeps the operating expenses nice and low. They make their money by setting up operators at no cost and make their money licensing the front-end casinos, usage, and providing services. It's much more low key, and they don't have to be the bank like all the front end companies such as Draftkings, BetMGM, Bet365, etc... Continuous Revenue Growth Here's a brief summary on Golden Matrix's more recent growth. Just since last January (2020) they have grown their operators (Casinos) from 150 to 457 of them today, a 205% Increase, and Registered End Users from 1.5M to 3.9M today, a 160% Increase in the same time frame. Those numbers to me show solid company growth, and the quarterly financials reflected from this growth as Q1 Revenues were $882K, Q2 $1.04M, Q3 $1.49M, and Q4 is expected to exceed $1.7M as quoted by Golden Matrix. Those quarterlies show me that they have grown their revenues by nearly double in the year 2020. I'm expecting these revenues for last year will total approximately $5.1M+ and can do another easy double in 2021 if not more $10.2M+ On top of all this solid core growth GMGI has also been able to maintain profitability for the past nine consecutive quarters, while growing out their top end numbers. The gross profit last quarter (Q3) was 58% and the net income was only roughly $40K. In my opinion this is a good thing considering the competition GAN who trades in the Nasdaq, lost $4.1M during that same third quarter. Profit is profit, which is an complete rarity in this sector. I'm looking forward to seeing the Q4 numbers on or before the March 15th 2021 deadline. Nasdaq Capital Markets Golden Matrix filed an application to uplist onto the Nasdaq Capital Markets on August 27th 2020, and are still currently pending approval as it seems to be a very complicated and tedious task jumping all the way from OTC Pink Sheets to Nasdaq. Us GMGI long shareholders have seen many tasks from the company performed over the past 5+ months that come out in 8K filings, such as amending financial reports to Nasdaq formatting, and even creating a audit committee to meet qualifications just as of last week (01-26-21). As for now Golden Matrix is still a hidden gem as much of Wall Street doesn't know about GMGI or can't trade GMGI due to many buying restrictions. I think soon this will change and no longer be hidden with the arrival of up list. Playtech and Golden Matrix Deals Playtech and Golden Matrix went began a collaboration agreement around the end of November 2020 that is set to kickoff sometime this month (February). You can find this easily under recent GMGI news right on the company website. What the deal consists of is beneficial to both of them, as Golden Matrix newly designed and built a Esports betting app, Peer2P Betting Games, and a new Artificial Intelligence System (AI-X). Golden Matrix is letting Playtech PTEC.L use and distribute these applications and software exclusively to all of their new and future customers. Playtech is a market leader when it comes to gaming software and technology. Playtech granted non exclusive rights to distribute their most popular games including live dealer games, slots, table games, bingo, and poker to Golden Matrix's 450+ current operators throughout their APAC Region territories. This deal will be very beneficial for Golden Matrix as their foot print will reach the U.S. and European territories through Playtech, who is all over the world, and some states in the U.S. including very popular New Jersey. I expect we may see a significant increase in the top and bottom line growth for Golden Matrix through this significant collaboration deal. Amelco Sports Betting Distribution Deal One more recent larger deal was made with Amelco who's out of England U.K. and basically it gives Golden Matrix distribution rights of their premium sports betting software platform where they will offer it throughout their territories in the APAC Region to their 450+ Operators and future ones as well. I think this is a major deal because they will now become a stronger company by providing both Igaming and Sports Betting software vs just having igaming alone. I think this will not only attract more usage from the current 457+ operators and 3.9M end users, but will also have more future operators wanting to do new business with Golden Matrix being a dual distributor of both Igaming and Sports Betting. More customers equals more revenues, which is what we all want to see from any good growing company. GMGI Obtained a European Gaming License Golden Matrix recently acquired a Alderney Gaming License in which their CEO Brian Goodman sold to the company though another privately owned company that was holding this license. He sold this license at cost to Golden Matrix. From my understanding there's many benefits to owning this license, and it's not easy to obtain. Playtech their newly partner also holds this same gaming license, along with many other big name casinos. It seems as if GMGI will be expanding from just the APAC Region alone, and now into the European Region as well. Us shareholders didn't receive a lot info on the exact game plan, but it sounds like some expansion into the European Region. I'm looking forward to hearing more about their game plan hopefully in the near future. Europe is the largest gambling market in the whole world, and right under it is the Asia Pacific Region. Let's see what this European Alderney Gaming License has in store for us in the near future. $5 Million Equity Investment Just last week Golden Matrix announced they received a $5M equity investment from a strategic Swedish based gaming investor Knutsson Holdings AB. They purchased one million units which consists of 1M restricted shares at $5.00 USD each, and a warrant with a exercise price of $6.00 a share. They only can exercise the warrants once the GMGI share price exceeds $10 a share for a minimum of 10 consecutive trading days. This was all announced when we were trading around $5.50 a share and will only only dilute the outstanding share count from 21.7M shares to 22.7M shares (4.4%) which is minor. This deal brought me that much more confidence in GMGI, because not only did this investment firm valuate the company currently over $5 a share, but they know its worth more as they have been around the block dealing with gaming companies since 1963 (50+ years). They are also the largest shareholder of popular company NETENT who was recently acquired by Evolution Gaming, and are invested in many other gaming companies. Check them out. This deal puts GMGI outstanding shares to 22.7M with a super low share float that's under 12M shares and a low market cap around $116M USD while currently trading in the low $5 a share price range. Ask yourself this one question, if Knutsson Holdings doesn't even get to purchase their other 1M shares for $6M until the price exceeds $10 a share, don't you think they have good confidence GMGI will surpass this price in the near future? I very well believe so, as they have solid growth, and many new business deals into play for this Quarter (Q1) and beyond. Possible Acquisitions On The Horizon I personally have very high expectations for Golden Matrix this year including a up list approval onto the Nasdaq Capital Markets Exchange, major new revenue growth from the partnerships mentioned earlier, and of course building their core business stronger then ever. Also if you checkout all the last dozen press releases from the company, the CEO has mentioned several soon to be announced partnerships and possible synergistic acquisitions many times. Now with Golden Matrix sitting on a pile of cash on hand ($10M+) and staying profitable for the past nine consecutive quarters and counting, they could be in a great position to acquire something beneficial for the companies overall top and bottom line growth. I'm keeping my eyes peeled open short term to see what they do on their next move with $10M+ cash, no debt, and being cashflow positive, which is a rarity in this sector as most are bleeding millions of dollars in losses quarter after quarter! I believe with the current $116M Market Cap, 22.7M Outstanding shares, Low <12M share float and the anticipated future growth, this share price around $5.00 is undervalued and a true bargain BUY. My Position I hold a long position of GMGI here, and plan to continue holding for the next 3-5 years as the online gambling industry is expected to grow exponentially for quite some time with more and more legalization throughout the U.S. and many other locations. Online gambling will only continue to grow larger and larger yearly. Do some DD on GMGI and you may become a long shareholder like myself. Note: All of the info provided above including financials can be found on the Golden Matrix website in the investors section. WWW. GOLDENMATRIX .COM
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.
GameAccount Network to electricity Ocean Resort Casino on line services
After remaining week inking a strategic partnership for the United States with sportsbetting answers innovator SBTech, British online gaming 우리카지노 software program provider GameAccount Network has now found out the signing of a multi-12 months deal with the new owner of the approaching Ocean Resort Casino. Previously called TEN Atlantic City till it was bought for $two hundred million in advance this month to an entity referred to as AC Ocean Walk LLC and renamed, the 1,399-room Ocean Resort Casino expects to re-open for enterprise within the summer entire with a casino offering some 2,000 slots in addition to about a hundred gaming tables. To complement this casino, the Atlantic City assets moreover intends to offer actual-money on line gaming and sportsbetting utilizing the New Jersey-licensed platform from GameAccount Network at the same time as moreover integrating these propositions with its on-website rewards program via the London-based firm’s Patent3 innovation. “This new Internet gaming destination is presently expected to launch in [the first half of] 2018 and will contribute materially to GameAccount Network’s revenues and earnings in [the second half of] 2018,” examine a Tuesday statement from GameAccount Network. “Ocean Resort Casino in Atlantic City, New Jersey, is the vast on line casino belongings previously called TEN Atlantic City/Revel Casino Hotel Atlantic City.” GameAccount Network also said that it intends to release its monetary results for the twelve months to the cease of December on March 29 and expects these to have benefitted from the signing of four greater clients for its United States-going 골드카지노 through Simulated Gaming imparting. It declared that this innovation is now utilized by twelve casinos throughout the country and bills for over $eight billion in annual land-primarily based gaming sales. “GameAccount Network’s United States-dealing with Simulated Gaming commercial enterprise persevered to enjoy the launch of several new United States on line casino operator clients in 2017 consisting of Ocean Resort Casino, Chickasaw Nation’s WinStar World Casino, MGM’s The Borgata, Oneida Nation’s Turning Stone and Station Casinos,” examine the declaration from GameAccount Network.
Missed $DKNG and $PENN? $GAN is the real sports gambling play
$GAN is essentially the SaaS provider that powers online gambling. It is a pure play on the growth of online betting and should see a huge spike when professional sports return. It recently IPO’d and should see a huge run similar to DKNG. GAN and Fan Duel signed a long-term partnership deal last year. March 2020 GAN signed a deal with PENN along with Michigan's Sault Ste tribe of Chippewa Indians as their latest clients. The big news, in my opinion, which hasn't been made public is a partnership with a major U.S. casino. GAN has said "it could not reveal the client’s name, as they sought anonymity until they received regulatory approval." Some have speculated MGM Grand to be this anonymous client. They have an exclusive deal to be the provider for Fan Duel as they role out gambling in additional states. "We are currently supporting FanDuel’s operations in the States of Pennsylvania, New Jersey and Indiana. FanDuel has a unilateral option to require GAN to support its online launch into any additional intra-State US markets which permits Internet gambling during the contract term, with such launch to take place within six (6) months of the state publishing regulations defining the technical requirements for undertaking the operations of such Internet gambling. Our agreement with FanDuel provides that we will be the exclusive provider of their casino gaming operations for the initial three years following a launch date. " Rather than trying to predict which casino or app will dominate online gambling, pick the software company powering all of them. TL;DR - Buy GAN shares because it doesn’t have options yet (I probably lost 90% of the sub with that)
Today's Stock Market News [Monday, March 23rd, 2020]
Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-
U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
Today's Stock Market News [Monday, March 23rd, 2020]
Good morning traders and investors of the StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-
U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
DISCUSS!
What is on everyone's radar for today's trading day ahead here at StockMarket?
I hope you all have an excellent trading day ahead today on this Monday, March 23rd, 2020! :)
Users needed for testing of new sports betting product | Paid gig
Hi 👋 there, We are looking for a QA Tester to assess quality control through manual testing of our conversion funnel and geo-targeting solution for the following landing pages: Note: All testing should be recorded via a screen recorder and testers must be located in the following states: - https://www.howtobet.com/new-jersey-best-online-casinos/- https://www.howtobet.com/indiana-online-sports-betting/- https://www.howtobet.com/colorado-best-online-sportsbook/- https://www.howtobet.com/reviews/bet-mgm/- https://www.howtobet.com/nfl-week-1-line/ You will be responsible for finding and reporting bugs and glitches. Requirements:- Must be located within the following states: New Jersey state area- Must record the entire funnel from experience on site to registering and opening an account on operators site. Deposit 20$- Each participant will be awarded $100 for this task, use 20$ to register your account and pocket the remainder- When registering on the partners' site please cover min deposit requirements (min deposit 20$) VPN usage is forbidden.
Today's Stock Market News [Monday, March 23rd, 2020]
Good morning traders and investors of the stocks sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-
U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
Visitor's Guide to Detroit Red Wings hockey at Little Caesers Arena 2019-2020
Welcome to the 2019-2020 Detroit Red Wings season. This is the third version of this guide to help out visitors looking for some information from locals about Little Caesers Arena (LCA) and surrounding area in Detroit. I hope you find it helpful. Suggestions welcome!
Safety around the LCA as well as nearby Detroit city streets is very good. Detroit has a reputation of having high crime however in the 25+ years I've been going to games in downtown Detroit I've never felt threatened for my safety. Inside and outside the LCA main entrances are police as well as Olympia Security before, during, and after the game. The streets around the LCA and out to the restaurants and hotels are walkable. But like in any modern city don't go down the sketchy dark streets. Stay on the well-lit streets. Park in a structure or lot and not on a dark side street. Lock your car doors. Don't leave visible items inside the car. In other words don't be a victim.
A guided tour of the LCA is available by scheduling in advance on specific dates. Check the LCA tours webpage for more information on prices and scheduling.
Tickets can be purchased through Ticketmaster, or at the LCA box office, or through a reseller like Stubhub or even Ticketmaster's Ticket Exchange. Join the mailing list and check out the Red Wings social media for short notice deals like student and military rush ticket pricing and Fan Packs. Be advised the special offers are typically for low demand games like weekdays. Friday and Saturday games especially near holidays or against Canadian teams are high demand and typically not going to have special offers. These games will most likely not have cheap seats even on the reseller market. Starting last season the LCA has changed to mobile tickets only so no more paper tickets. Check out the mobile ticketing guides for more information. There are mobile ticket assistance street teams at the main entrances if you have an issue onsite.
There is a promotional schedule of in-arena giveaways for specific home games. These giveaways are given to entrants at the door after ticket scan until supplies run out. You can get these even at the restaurants if you entered through their doors. If there is a giveaway item that you really want I recommend being at the doors as close to opening as possible. The longer after doors open the less likely you are to get them item.
Joe Louis Arena is activaly being torn down right now. It should be completed by the end of 2019, maybe sooner. If you want a last glimpse, head over to 19 Steve Yzerman Dr, Detroit, MI 48226.
There are a variety of hotels in Detroit ranging in prices from high at the Westin Book Cadillac to lower at the Holiday Inn Express next door to the Westin. Nearby casinos such as the Ilitch-owned Motor City Casino or MGM offer free shuttle to the LCA or short 8 block walk. Check out TripAdvisor Detroit hotels for additional lodging options. My hotel experience is very limited in Detroit because I have no reason to stay in them so post your hotel tips in the comments below.
The LCA has a variety food options (pizza, shawarma, burritos, salads, sammiches, pulled pork, grilled cheese, etc.) inside but they are all at a premium price. The free game day program at the LCA contains a map. In my experience the best bang for your buck is the chicken pita from The Coop. If you want a complete Ilitch experience then get a slice or whole pie of Little Caesars pizza. Detroit is a foodie town and there are many options to choose from outside the arena. If it is your first time to Detroit or haven't been there yet I recommend getting an iconic coney island hot dog from American or LafayettePROTIP: Lafayette. Check out the /detroit sidebar for more Detroit restaurant suggestions. There are simply too many to list here so suggest your favorites in the comments below.
Harry’s Bar and Temple Bar are neighborhood bars that are within a 2 block walking distance to the LCA if you want to drink and hangout with fans before or after. The /detroit sidebar has more bar suggestions in and around the city. PROTIP: take the QLINE streetcar (US$1.50/3 hours) to the Canfield stop and quaff a few brews over crack fries at HopCat then take the QLINE south 2 stops (10 blocks) to the LCA stop at Sproat St. Got favorite bar in the area? Post in the comments below.
If you're rich and want convenience, park at the LCA VIP parking structure. It may be pricier (US$45 as of 2019-09-17) but it is a comfortable sheltered stroll to the LCA. If you are up for a short walk and would like to save a buck park at the MGM Casino or Motor City Casino for free. From there you can walk 8 blocks or take their free shuttle. The further away you park from the LCA the cheaper it is. Fox Theater is $35, the two Comerica Park structures off the I-75 service drive are both $30. There are also several surface lots nearby, some let you pay in advance. Check out the parking map Want to reserve a spot? Try Parkwhiz.com or their app. Some bars also have shuttles for free or a couple bucks. PROTIP: Nemo's has the best shuttle drivers. Early birds park for free on Temple, Woodward, and in Brush Park across Woodward from the LCA but be careful where you park because the police will write tickets if you park illegally. Ask me how I know. The parking situation is always evolving so post your tips in the comments below.
Coming from Canada? There is a Windsor tunnel bus US/CAN$5.00 one way from the bus terminal downtown Windsor (Chatham and Church) to Cass Ave. and the I-75 service drive next to the LCA. Getting through immigration takes a few minutes. Have your passport and don't be drunk. Check the link above for service times and details.
The LCA doors open 1.5 hours before puck drop. There are four sets of doors one at each corner. The Chevy Plaza at the southwest corner has a large screen that shows pre-game hype videos and on occasion the live game. Also on occasion, there are beebeverage stands in the plaza as well as picnic games (e.g. corn hole). You may have to pass through security to enter the Chevy Plaza but no ticket scan until you enter the arena doors. LCA restaurants will let you in even earlier with a ticket but access to the concourse is blocked off until all doors open. PROTIP: in cold weather prior to main doors opening either hang out at the Box Office (northeast corner) or the District Market entrance just south of the Box Office.
You can sort of watch the players arrive by car (and visitors by bus) into the parking structure off Clifford north of the I-75 service drive. Get there at least 2 hours before puck drop.
The best photos of the LCA exterior are from the east side of Woodward just north of the westbound I-75 service drive looking at the building from the southeast corner. Photo
Will Call tickets at the box office located at the northeast corner of the arena off Woodward Ave.
There is a strict bag size policy enforced at the door. I’ve seen some upset people turned away at the doors. Know before you go.
You will have to go through a metal detector and may be subject to extra screening to enter the LCA.
Free WIFI is available inside as well as outside of the arena.
There are free game day programs inside the LCA at the entrances. Grab one because it has an arena map with section numbers and vendor locations including where to get Detroit and Michigan beers. Sometimes there are interesting articles too.
The Team Store souvenir shop is in the southwest corner of the LCA. The authentic signed gear and memorabilia located in the east end of the store. There are also vendors scattered around the via and upper concourse selling souvenirs. PROTIP: the LCA prices are high for swag. Buy your gear ahead of time online or at Vintage Detroit in Detroit or FanaticU and Hockeytown Authentics out in the suburbs.
Friendly ushers are everywhere to help out and answer your questions. Most will take your photo for you if you ask politely.
During warmups, fans congregate around the glass. Players come out at 30 minutes before game time for warmups. PROTIP: I recommend watching the Red Wings shoot at the net during warmups from behind the net on the glass in section 102/103. Hearing the puck smack the glass inches from your face is neat. Same for aisle for 115/116 on the visiting team side behind the net. The ushers will let you down to the ice level for warmups even if you don’t have tickets in that section.
The sea of banners is gone but the retired jerseys and Stanley Cup Championship banners remain. They are not the originals which are now hanging in the practice rink below the main rink. You may not see them until after hype video because they are retractable. The banners share the ceiling with the Pistons banners on the other side. PROTIP: The best photo op for the Red Wing banners is in front of the Fox Sports Detroit broadcast desk at the top of section 219.
There is a nice mix of old and new artwork in the LCA. Take some time before the game to walk around the lower and upper level concourses to see the manholes, the Howe, Lindsay, Delvecchio statues from the Joe, the original Olympia sign, murals of Red Wing greats. Look for the Red Wing logo at the northeast corner lower concourse made of auto parts. There are multiple selfie and photo spots too like the Red Wings bench and Little Caesars spear. The LCA is shared with the Detroit Pistons basketball team so you will see artwork and displays featuring their greats as well.
Every seat at the LCA has a view of the ice. Some seats in the upper level (rows 6 and above between the red lines) have obstructed views of the center ice score board but there displays mounted behind the gondolas. The layout of the seats are steep especially in the upper bowl where there is less leg room than lower bowl. Sections, rows, and seats are on your ticket but navigation is based on portals. Check your ticket for your portal, go to that, then find your section/row/seat. Sit in your own seat. If you see seats that are still empty well into the first period then move to them. If someone asks you to move out of their seat just do it. Explore the arena to check out different seat views. PROTIP: go up to portals 78-82 to check out the vertigo inducing view down from the gondola.
Get to your seat 10 minutes before puck drop to see the pre-game hype video on the huge scoreboard and on-ice projection.
The LCA has a custom organ with in-house organists that play before the hype video, end of intermissions, and between plays. Lance Luce is recognizable in his red sequined jacket. To see the organ go to the upper concourse behind section 301.
Most Red Wings fans are friendly people and quite knowledgeable about their team and the sport. Strike up a conversation and you'll probably learn something new.
Cheer for your visiting team but don't be a dick about it.
DO NOT STAND UP OUT OF YOUR SEAT WHILE THE PUCK IS IN PLAY.
The LCA has a strict no smoking policy. There is no smoking inside or anywhere outside of the arena at any door. If you leave the LCA to smoke you will not be readmitted.
No, that's not the goal horn from the Joe. It is a recording of the Joe horn and to many people it sounds dull, flat, and disappointing. The horn sound is louder in the lower bowl but then again the speakers are louder in the lower bowl and have a lot more bass than the upper bowl. I have complained to no avail.
Don't leave early! If the Red Wings win the DJ will play Don't Stop Believing in the final seconds or right after the game ends for you and thousands of your friends to sing along. The arena DJ plays music from multiple genres from Motown to country to pop and is known to take suggestions. He can be reached on Twitter @thehockeyjockey.
There is no public accessible spot for athlete autographs. The best opportunity for autographs is an event created for that purpose such as the Season Ticket Holder Open House, Fan Day Open House, or charity events like Toast of Hockeytown, Charity Poker Tournaments, as well as autograph signing events posted on facebook.
Today's Stock Market News [Monday, March 23rd, 2020]
Good morning traders and investors of the smallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-
U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
Visitor's Guide to Red Wings hockey at Little Caesers Arena 2018-2019
It’s the second season of hockey at Little Caesers Arena (LCA). Many fans are still making the trek to the new arena for their first time to watch the Detroit Red Wings play. This is my second version of this guide help out visitors looking for some information from locals. I hope you find it helpful. Suggestions welcome!
Safety around the LCA as well as nearby Detroit city streets is very good. Detroit has a reputation of having high crime however in the 25 years I've been going to games in downtown Detroit I've never felt threatened for my safety. Inside and outside the LCA main entrances are police as well as Olympia Security before, during, and after the game. The streets around the LCA and out to the restaurants and hotels are walkable. But like in any modern city don't go down the sketchy dark streets. Stay on the well-lit streets. Park in a structure or lot and not on a dark side street. Lock your car doors. Don't leave visible items inside the car. In other words don't be a victim.
A guided tour of the LCA is available by scheduling in advance on specific dates. Check the LCA tours webpage for more information on prices and scheduling.
Tickets can be purchased through Ticketmaster, or at the LCA box office, or through a reseller like Stubhub or even Ticketmaster's Ticket Exchange. Join the mailing list and check out the Red Wings social media for short notice deals like student and military rush ticket pricing and Fan Packs. Be advised the special offers are typically for low demand games like weekdays. Friday and Saturday games especially near holidays or against Canadian teams are high demand and typically not going to have special offers. These games will most likely not have cheap seats even on the reseller market. New for the 2018-2019 season the LCA has changed to mobile tickets only so no more paper tickets. Check out the mobile ticketing guides for more information. There have been mobile ticket assistance street team members stationed at the main entrances if you have an issue onsite.
Joe Louis Arena is still standing and most of the signage is now gone but you can still snap a photo. The Joe is designated to be torn down at a future date. You can visit the Joe at 19 Steve Yzerman Dr, Detroit, MI 48226.
There are a variety of hotels in Detroit ranging in prices from high at the Westin Book Cadillac to lower at the Holiday Inn Express next door to the Westin. Nearby casinos such as the Ilitch-owned Motor City Casino or MGM offer free shuttle to the LCA or short 8 block walk. Check out TripAdvisor Detroit hotels for additional lodging options.
The LCA now has larger and more variety food options (pizza, shawarma, burritos, salads, sammiches, pulled pork, grilled cheese, etc.) inside but they are all at a premium price. The free game day program at the LCA contains a map. If I am eating at the arena I go for the chicken pita from The Coop. If you want a complete Ilitch experience then get a slice or whole pie of Little Caesars pizza. Detroit is a foodie town and there are many options to choose from outside the arena. If it is your first time to Detroit or haven't been there yet I recommend getting an iconic coney island hot dog from American or LafayettePROTIP: Lafayette. Check out the /detroit sidebar for more Detroit restaurant suggestions. There are simply too many to list here so suggest your favorites in the comments below!
Harry’s Bar and Temple Bar are neighborhood bars that are within a 2 block walking distance to the LCA if you want to drink and hangout with fans before or after. The Chevy Plaza outside the southwest corner of the LCA has beer stands. The /detroit sidebar has more bar suggestions in and around the city. PROTIP: take the QLINE streetcar (US$1.50/3 hours) to the Canfield stop and quaff a few brews over crack fries at HopCat then take the QLINE south 2 stops (10 blocks) to the LCA stop at Sproat St.
If you're rich and want convenience, park at the LCA VIP parking structure. It may be pricier (US$45 as of 2018-09-20) but it is a comfortable sheltered stroll to the LCA. If you are up for a short walk and would like to save a buck park at the MGM Casino or Motor City Casino for free. From there you can walk 8 blocks or take their free shuttle. The further away you park from the LCA the cheaper it is. Fox Theater is $30, the two Comerica Park structures off the I-75 service drive are both $30. There are also several surface lots nearby, some let you pay in advance. Check out the parking map Some bars also have shuttles for free or a couple bucks. PROTIP: Nemo's has the best shuttle drivers. Early birds park for free on Temple, Woodward, and in Brush Park across Woodward from the LCA but be careful where you park because the police will write tickets if you park illegally. Ask me how I know.
Coming from Canada? There is a Windsor tunnel bus US/CAN$5.00 each way from the bus terminal downtown Windsor (Chatham and Church) to Cass Ave. and the I-75 service drive next to the LCA. Getting through immigration takes a few minutes. Have your passport and don't be drunk. Check the link above for service times and details.
The LCA doors open 1.5 hours before puck drop. There are four sets of doors one at each corner. The Chevy Plaza at the southwest corner has a large screen that shows pre-game hype videos and on occasion the live game. There are also beebeverage stands in the plaza as well as picnic games (e.g. corn hole). You will have to pass through security to enter the Chevy Plaza but no ticket scan until you enter the arena doors. LCA restaurants will let you in even earlier with a ticket but access to the concourse is blocked off until all doors open.
You can sort of watch the players arrive by car (and visitors by bus) into the parking structure off Clifford north of the I-75 service drive.
The best photos of the LCA exterior are from the east side of Woodward just north of the westbound I-75 service drive looking at the building from the southeast corner. Photo
Will Call tickets at the box office located at the northeast corner of the arena off Woodward Ave.
There is a strict bag size policy enforced at the door. I’ve seen some upset people turned away at the doors. Know before you go.
You will have to go through a metal detector and may be subject to extra screening to enter the LCA.
Free WIFI is available inside as well as outside of the arena.
There are free game day programs inside the LCA at the entrances. Grab one because it has an arena map with section numbers and vendor locations including where to get Detroit and Michigan beers. Sometimes there are interesting articles too.
There is a souvenir shop called the Team Store in the southwest corner of the LCA. The authentic signed gear and memorabilia located in the east end of the store. There are also vendors scattered around the via and upper concourse selling souvenirs. PROTIP: the LCA prices are high for swag. Buy your gear ahead of time online or at Detroit Athletic in Detroit, FanaticU or Hockeytown Authentics up in the suburbs.
Friendly ushers are everywhere to help out and answer your questions. Most will take your photo for you if you ask politely.
During warmups, fans congregate around the glass. Players come out at 30 minutes before game time for warmups. PROTIP: I recommend watching the Red Wings shoot at the net during warmups from behind the net on the glass in section 102/103. Hearing the puck smack the glass inches from your face is neat. Same for aisle for 115/116 on the visiting team side behind the net. The ushers will let you down to the ice level for warmups even if you don’t have tickets in that section.
The sea of banners is gone but the retired jerseys and Stanley Cup Championship banners remain. They are not the originals which are now hanging in the practice rink below the main rink. You may not see them until after hype video because they are retractable. The banners share the ceiling with the Pistons banners on the other side. PROTIP: The best photo op for the Red Wing banners is in front of the Fox Sports Detroit broadcast desk at the top of section 219.
There is a nice mix of old and new artwork in the LCA. Take some time before the game to walk around the lower and upper level concourses to see the manholes, the Howe, Lindsey, Delvecchio statues from the Joe, the original Olympia sign, murals of Red Wing greats. Look for the Red Wing logo at the northeast corner lower concourse made of auto parts. There are multiple selfie and photo spots too like the Red Wings bench and Little Caesars spear. The LCA is shared with the Detroit Pistons basketball team so you will see artwork and displays featuring their greats as well.
Every seat at the LCA has a view of the ice. Some seats in the upper level (rows 6 and above between the red lines) have obstructed views of the center ice score board but there displays mounted behind the gondolas. The layout of the seats are steep especially in the upper bowl where there is less leg room then lower bowl. Sections, rows, and seats are on your ticket but navigation is based on portals. Check your ticket for your portal, go to that, then find your section/row/seat. Sit in your own seat. If you see seats that are still empty well into the first period then move to them. If someone asks you to move out of their seat just do it. Explore the arena to check out different seat views. PROTIP: go up to portals 78-82 to check out the vertigo inducing view down from the gondola.
Get to your seat 10 minutes before puck drop to see the pre-game hype video on the huge scoreboard and on-ice projection.
The LCA now has a legit organ with in-house organists. They're pretty entertaining. Check it out the upper concourse behind section 301.
Most Red Wings fans are friendly people and quite knowledgeable about their team and the sport. Strike up a conversation and you'll probably learn something new.
Cheer for your visiting team but don't be a dick about it.
DO NOT STAND UP OUT OF YOUR SEAT WHILE THE PUCK IS IN PLAY.
The LCA has a strict no smoking policy. There is no smoking inside or anywhere outside of the arena at any door. If you leave the LCA to smoke you will not be readmitted.
Yes, that's not the goal horn from the Joe. It is a recording of the Joe horn and to many people is sounds dull, flat, and disappointing. The "horn" is much louder in the lower bowl but then again the speakers are louder in the lower bowl and have a lot more bass than the upper bowl. Since they didn't get a real horn in the off season, chances are the owner doesn't care and won't "fix it" any time soon if at all. I've complained to no avail.
Don't leave early! If the Red Wings win the DJ will play Don't Stop Believing in the final seconds or right after the game ends for you and thousands of your friends to sing along. The arena DJ plays music from multiple genres from Motown to country to pop and is known to take suggestions. He can be reached on Twitter @thehockeyjockey.
There is no public accessible spot for athlete autographs. The best opportunity for autographs is an event created for that purpose such as the Season Ticket Holder Open House, Fan Day Open House, or charity events like Toast of Hockeytown, Charity Poker Tournaments, as well as autograph signing events posted on facebook.
Visitor's Guide to Red Wings hockey at Little Caesers Arena
It’s the inaugural season of the new Little Caesers Arena (LCA). Many pilgrims are making the trek to the new arena to watch the Detroit Red Wings play. This is my first version of this guide for first time visitors modeled after the one I put together for The Joe. I hope you find it helpful. Suggestions welcome!
Safety around the LCA as well as nearby Detroit city streets is very good. Detroit has a reputation of having high crime however in the 25 years I've been going to games in downtown Detroit I've never felt threatened for my safety. Immediately around and inside the LCA there are Detroit City and Michigan State Police as well as Olympia Security before, during, and after the game. The city streets around the LCA and out to the restaurants and hotels are walkable. But like in any modern city, keep your eyes and ears open and don't be stupid. Walk in groups. Stay (reasonably) sober. Don't go down the sketchy alley. Stay on the well-lit streets. Park in a guarded structure or lot not on a dark side street far away. Lock your car doors. Don't leave visible items inside the car. In other words don't be a victim. You'll be fine and you'll have a good time.
A guided tour of the LCA is available by scheduling in advance on specific dates. Check the LCA tours webpage for more information on prices and scheduling.
Tickets can be purchased through Ticketmaster, or at the LCA box office (if not already sold out), or through a reseller like Stubhub or even Ticketmaster's Ticket Exchange. Join the mailing list and check out the Red Wings social media for short notice deals like student and military rush ticket pricing and Fan Packs. Be advised the special offers are typically for low demand games like weekdays. Friday and Saturday games especially near holidays or against Canadian teams are high demand and typically not going to have special offers. These games will most likely not have cheap seats even on the reseller market. Ticket prices for the first season of the LCA have been higher than historically at the Joe.
Joe Louis Arena is still standing but no longer being used. The Joe is designated to be torn down but that date is currently not public. You can visit the Joe at 19 Steve Yzerman Dr, Detroit, MI 48226.
I personally do not have much experience with hotels in Detroit but I know people who have stayed at the Westin Book Cadillac and the nearby Ilitch-owned Motor City Casino which also has free shuttle to the LCA or an 8 block walk. MGM Casino is also nearby with a shuttle. On the cheaper side is the Holiday Inn Express next to the Westin Book Cadillac. Check out TripAdvisor Detroit for other hotel options.
With all of the new good food options I recommend checking out a restaurant inside the LCA. Sure the food is stadium prices but there are now three full restaurants located inside the arena as well multiple food stall vendors serving a variety of tastes. The free game day program at the LCA contains a map. I am partial to The Coop. If you want a complete Ilitch experience then get a slice or whole pie of Little Caesars pizza to go or sit down at Mike’s Pizza Bar. Outside the arena I also recommend somewhere iconic such as a coney from American or Lafayette (PROTIP: Lafayette). There are many good restaurants near the LCA and beyond. Check out the /detroit sidebar for more Detroit restaurant suggestions in and around the city. Popular spots include Hockeytown Cafe and flaming cheese in Greektown.
Harry’s Bar and Temple Bar are neighborhood bars that are within a 2 block walking distance to the LCA if you want to drink and hangout with fans before or after. The Chevy Plaza outside the southwest corner of the LCA has beer stands. The /detroit sidebar has more bar suggestions in and around the city. PROTIP: take the QLINE streetcar (US$1.50/3 hours) to the Canfield stop and quaff a few brews over crack fries at HopCat then take the QLINE south 2 stops (10 blocks) to the LCA stop at Sproat St. Be advised the northbound QLINE LCA stop is Adelaide St.
For convenience, park at the LCA VIP parking structure. It may be pricier (US$40 as of 2017-11-09) but it is a comfortable sheltered stroll to the LCA. If you are up for a short walk and would like to save a buck park at the MGM Casino or Motor City Casino for free. From there you can walk 8 blocks or take their free shuttle. The further away you park from the LCA the cheaper it is. There are several surface lots and structures nearby, some let you pay in advance. Some bars also have shuttles for free or a couple bucks. PROTIP: Nemo's has the best shuttle drivers. Regardless, remember where you parked, how you got to the LCA.
Coming from Canada? There is a Windsor tunnel bus US/CAN$5.00 each way from the bus terminal downtown Windsor (Chatham and Church) to Cass Ave. and the I-75 service drive next to the LCA. Getting through immigration takes a few minutes. Have your passport and don't be drunk. Check the link above for service times and details.
The LCA doors open 1.5 hours before game start. There are four sets of doors one at each corner. The Chevy Plaza at the southwest corner has a large screen that shows pre-game hype videos and on occasion the live game. There are also beebeverage stands in the plaza as well as picnic games (e.g. corn hole). You will have to pass through security to enter the Chevy Plaza but no ticket scan until you enter the arena doors.
You can sort of watch the players arrive by car (and visitors by bus) into the parking structure off Clifford north of the I-75 service drive.
The best photos of the LCA exterior are from the east side of Woodward just north of the westbound I-75 service drive looking at the building from the southeast corner. Photo
Will Call tickets at the box office located at the northeast corner of the arena off Woodward Ave.
There is a strict bag size policy enforced at the door. I’ve seen some upset people turned away at the doors. Know before you go.
You will have to go through a metal detector and may be subject to extra screening to enter the LCA.
Free WIFI is available inside as well as outside of the arena.
There are free programs inside the LCA at the entrances. Grab one because it has an arena map with section numbers and vendor locations. Sometimes there are interesting articles too.
There is souvenir shop called the Team Store in the southwest corner of the LCA. The authentic signed gear and memorabilia located in the east end of the store. There are also vendors scattered around the via and upper concourse selling souvenirs. PROTIP: the LCA prices are high for swag. Buy your gear ahead of time online or at Detroit Athletic in Detroit or Hockeytown Authentics up in Troy.
Friendly ushers are everywhere to help out and answer your questions. Most will take your photo for you if you ask politely.
There are local Detroit and Michigan craft beer vendors scattered around the arena priced at around US$10. Check the map in the free program for locations.
During warmups, fans congregate around the glass. Players come out at 30 minutes before game time for warmups. PROTIP: I recommend watching the Red Wings shoot at the net during warmups from behind the net on the glass in section 102/103. Hearing the puck smack the glass inches from your face is neat. Same for aisle for 115/116 on the visiting team side behind the net. The ushers will let you down to the ice level for warmups even if you don’t have tickets in that section.
The sea of banners is gone but the retired jerseys and Stanley Cup Championship banners remain. They are not the originals (those are hanging in the practice rink below the main rink) but are retractable. The banners share the ceiling with the Pistons banners on the other side. PROTIP: The best photo op for the Red Wing banners is in front of the Fox Sports Detroit broadcast desk at the top of section 219. Say hi to Keats for me.
There is a nice mix of old and new artwork in the LCA. Take some time before the game to walk around the lower and upper level concourses to see the manholes, the Howe/Lindsey/Delvecchio statues from the Joe, the original Olympia sign, murals of Red Wing greats. Look for the Red Wing logo at the northeast corner lower concourse made of auto parts. There are multiple selfie and photo spots too like the Red Wings bench and Little Caesars spear. The LCA is shared with the Detroit Pistons basketball team so you will see artwork and displays featuring their greats as well.
Every seat at the LCA has a great view of the ice. Some seats in the upper level (rows 6 and above between the red lines) have obstructed views of the center ice score board but there displays mounted behind the gondolas. The layout of the seats are steep and from the ice it looks like the stands are stacked on top of you. Sections, rows, and seats are on your ticket but navigation is based on portals. Check your ticket for your portal, go to that, then find your section/row/seat. Sit in your own seat. If you see seats that are still empty well into the first period then move to them. If someone asks you to move out of their seat just do it. Explore the arena to check out different seat views. PROTIP: go up to portals 78-82 to check out the vertigo inducing view down from the gondola.
Get to your seat 10 minutes before puck drop to see the pre-game on the huge scoreboard and on-ice projection.
The LCA now has a legit organ with in-house organists. They're pretty entertaining. Check it out the upper concourse behind section 301.
Don't be disrespectful during the national anthem(s). Just stand politely and shut up. Some visitors don't understand how disrespectful they can be. It's like 2 minutes, put the phone down.
Most Red Wings fans are friendly people and quite knowledgeable about their team and the sport. Strike up a conversation and you'll probably learn something new.
Cheer for your visiting team but don't be a dick about it.
DO NOT STAND UP OUT OF YOUR SEAT WHILE THE PUCK IS IN PLAY.
The LCA has a strict no smoking policy. There is no smoking area outside of any door. If you leave the LCA to smoke you will not be readmitted.
We know the goal horn recording sucks. We've already told the Red Wings organization about it. They know. They're working on it.
There are a lot of restrooms in the LCA. I haven’t see any long lines like the Joe had. Sadly(?) there are no urinal troughs in the men’s rooms.
Don't leave early! If the Red Wings win the DJ will play Don't Stop Believing in the final seconds or right after the game ends for you and thousands of your friends to sing along. The arena DJ plays music from multiple genres from Motown to country to pop and is known to take suggestions. He can be reached on Twitter @thehockeyjockey.
There is no public accessible spot for athlete autographs. The best opportunity for autographs is an event created for that purpose such as the Season Ticket Holder Open House, Fan Day Open House, or charity events like Toast of Hockeytown, Charity Poker Tournaments, as well as autograph signing events posted at https://www.facebook.com/DRWautographs/.
Post-game ride share pickups are along the I-75 service drive south of the LCA. Shuttles will pick you up where they dropped you off.
Have fun and enjoy the game!
Edit 1: typos and ride share info Edit 2: photo spot location and photo
Seminole Tribe of Florida (with an Assist from Disney) Protects Florida Gambling Monopoly
The Walt Disney Company spent $20 million in support of a ballot initiative that would give Florida voters the right to prevent the expansion of casino gambling within the state, a measure designed to protect their tourism interests and the state’s brand as a “family friendly” destination. Amendment 3 of the Florida Constitution passed on Tuesday evening, with more than 70% of the state’s voters backing the law that will require new casino projects to gain the support (60% must vote in favor) of the state-wide voting public prior to breaking ground; few (if any) projects are likely to meet the 60% benchmark. MGM Resorts International (seeks licensure in state), the Miami Dolphins and the Tampa Bay Buccaneers (both NFL teams are hoping to profit on sports betting) were among those that publicly opposed the measure; each of the 3 entities spent $500K on the proposed amendment’s “no” campaign. Howie Long-Short: Disney (DIS) was invested in the amendment passing for its own selfish reasons, but there’s no bigger beneficiary to the “Voter Control of Gambling” amendment passing than the Seminole Tribe of Florida (spent $16 million on “yes” campaign). The Tribe dominates the Florida gaming landscape, operating in the state under a Federal gaming exemption afforded to Native Americans with little competition; the amendment’s passage ensures the moat remains around their business. The long and costly battle for gaming company expansion into the state just became infinitely more difficult, but don’t expect casino operators to give up on Florida. Dan Alkins (Chairman of the committee opposing the ballot initiative) said should the measure pass “there’s going to be litigation just continuing on forever.” The state’s size/population, reputation as a tourism destination and abundance of retirees makes it a highly desirable locale for casinos to take up residence. It’s worth pointing out the irony in the Miami Dolphins opposition of the amendment, while playing their home games at Hard Rock Stadium; a chain owned by the Seminole Tribe and the one that will pay the franchise $250 million over the next 18 years for naming rights. Speaking of MGM Resorts International (MGM), the company is reportedly exploring a potential merger with Caesar’s Entertainment (CZR) to form a gaming behemoth (think: +/- 50% of all hotel rooms in Las Vegas and Atlantic City). While there’s no offer on the table (and it’s possible regulators could determine a merger would create “undue economic concentration), it’s known that “without a CEO, Caesar’s is in play” and that it’s CZR’s activist investors (own +/- 25%) driving the tie-up talk; a merger would allow the combined companies to eliminate redundant “overhead and marketing” expenditures. Wynn Resorts (WYNN) and the Genting Group (OTC: GEBHY) have also been names as companies that could have interest in a CZR (-25% YTD) take-over. With licenses in 13 states (49 casinos), the company is well positioned to benefit from wide-spread sports betting legalization. Fan Marino: Howie mentioned Las Vegas and Atlantic City, so it seems like an opportune time to note that Eilers & Krejcik is projecting New Jersey sportsbooks will generate more sports betting revenue than those in the gambling mecca, as soon as 2021 ($442 million vs. $410 million). The boutique research firm (with a focus on the gaming industry) supported their thesis by pointing out NJ gamblers can make “sports betting transactions” on credit card (as opposed to being forced to make a deposit in a casino), that the state’s sportsbooks have created a highly competitive online/mobile market (think: pricing/promotions) and that state’s licensees have had “very high rates of black market recapture.” Interested in Sports Business? Sign-up for our free daily email newsletter list, here!
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