World Cup 2014 Circus: Suarez Loses 888, While Neymar Briefs

The Bite Heard Round the World cost Luis Suarez his World Cup and his 888poker sponsorship this week, but 888 may have to thank the toothy Uruguayan into the end. (Image:

It’s all over but the shouting: as we reported previously this week, the Bite That Rocked the World Cup, aka Luis Suarez loses his mind, now has 888poker ties that are officially cutting the Uruguayan striker. Following a four-month playing ban by FIFA that effectively stops his World Cup play, Suarez must now face the sobering reality than he could chew this time, career-wise that he bit off more.

It had been only last thirty days that 888 signed the, um, colorful character that is Suarez to its ambassador program, and even then, it appeared as if a shaky bet on the component of the online poker giant; most likely, this had beenn’t precisely the first, or second, or third (you get the concept) time that Suarez sank his teeth into a tremendously idea that is bad.

‘888poker finalized Luis Suárez carrying out a fantastic season for which his achievements had been widely recognised,’ said the company in an officially issued statement. ‘Regrettably, following their actions during Uruguay’s World Cup match against Italy on Tuesday, 888poker has decided to end Luis Suárez to its relationship with immediate effect.’

Just in case you are now living in a bubble and haven’t heard the gory details, the FIFA ban and 888 shunning follow a much-publicized dental assault on Italian player Giorgio Chiellini during the pair’s match between Uruguay and Italy as the ultimate Group D showdown last week. Italy had been later on knocked out by South America, making it a doubly bad day for Chiellini.

Is it just us or is the big winner in all of this? By becoming the to begin Suarez’s sponsors to officially abandon him within the incident, they pretty much got a mention in every newsprint and news website in THE WHOLE WORLD. Way to make lemonade out of lemons, 888. That bite seemingly have left you with lots of zest. (Sorry, we are for a pun-athon at this time and cannot be stopped).

Brief Encounter

These are branding, the planet Cup is a maelstrom of business sponsorship as well as the rules are exceedingly strict on brands, which is the reason why FIFA has launched a very serious research into Neymar’s underpants. It would appear that the tiny Brazilian playmaker with the dazzling feet and toilet brush hairdo had been seen wearing Speedo underwear during the customary post-match exchange of tops when Brazil played Cameroon a week ago.

Now, Speedo, although it does makes very nice underwear, is not a licensed FIFA brand name and herein lies the problem.

In the middle associated with investigation is whether Neymar purposefully exposed the Speedo logo on their underwear or it happens!) whether it was pure accident that the offending articles had ridden up slightly above his shorts (. How they propose to ascertain this we’ve no idea.

Were Neymar’s underpants illegal, and, if so, should he be required to remove them? Maybe he should be prohibited for life. We’ll be sure to provide you with updates from the investigation as it progresses.

The payoff that is big

Even as we also reported inside our earlier tale, some clever bettors made bank on the Big Bite Theory before it happened; we now have even more details on how that all played out.

In fact, essential news reaches us from Sweden, where bookies have paid just below 1,400 kroner ($2,070) to 1 prescient punter who predicted that Luis Suarez would sink his Bee Gee-like ivories into the soft, tempting flesh of an opponent at the 2014 World Cup.

Jonathan Brack, a 23-year-old instructor from Stenungsund, placed lightning link slot the 80 kroner ($12) bet at probability of 174 to 1, while the Uruguayan duly obliged by attaching their gleaming dentition to your shoulder of Chiellini throughout the Uruguay Italy game, before rolling on the floor feigning injury to his fangs. It appears that over a 150 individuals across Europe have actually won cash on similar bets.

‘ I happened to be looking through some odds ahead of the competition started and I saw this bet and thought I had to take a possibility,’ Jonathan told the BBC. ‘I desired to place hundreds but my buddy told me perhaps not to waste my money on this type of stupid thing.’

But we nevertheless say 888 will be laughing all the real way to your bank on this one. After all, Suarez has pretty much given them a lifetime’s promotion in one mad, hellish, impulsive moment. And they don’t need to pay him anymore.

Caesars Showboat Closing Down in Atlantic City

Despite being a lucrative casino, the Atlantic City casino market is saturated, while the Showboat will be sacrificed to free up some room into the market, owner Caesars Entertainment says. (Image:

In a town that appears to be hit by worse storms that are financial even Sandy, Atlantic City is seeing yet another land casino hit a reef: Caesars Showboat has announced it will officially close on August 31. Based on Caesars Entertainment, the Showboat is showing the worst performance of its four Atlantic City casino entities, and as such, its demise is imminent.

‘While we regret the impact that this choice will have on our Showboat associates, we believe this is usually a necessary action to assist stabilize our business in Atlantic City and support the viability of our remaining operations within the vicinity,’ said Caesars CEO Gary Loveman within an issued statement. ‘ Since 2006, income in Atlantic City has declined by more than $3 billion and competition in the city has increased. The dynamic in Atlantic City has led us to your difficult but decision that is necessary shut Showboat.

‘We sincerely appreciate the service, dedication and professionalism shown by the employees of the Showboat over the years to offer our customers with incredible experiences,’ Loveman added.

Showboat Makes Three

It is been a tough year for New Jersey’s beachside resort as well as its casinos; in January, the iconic Atlantic Club shut after several purchasing attempts went south, and just this month, the once-much-touted Revel announced official bankruptcy proceedings with the very real possibility that it, too, may shut, if no buyer steps up in the near future.

For the city’s casino workers, this latest news, needless to say, would not stay well.

‘I’m heartbroken and crazy, too upset to respond in an effective means,’ said Local 54 Unite-HERE casino worker’s union president Bob MCDevitt. When Caesars announced its plan to present Showboat employees with warning red slips week that is late last McDevitt minced no words, claiming the casino was indeed lucrative and calling the potential closure ‘criminal.’

Loveman says Caesars can help the Showboat’s 2,100 casino workers find new jobs with other business properties, either in Atlantic City or in other cities that are US the conglomerate operates business.

Atlantic City mayor Don Guardian was a tad more neutral in their response to the power down announcement.

‘ I’m partnering with the continuing businesses that stay in Atlantic City. I’m sorry that the Showboat is shutting down,’ the mayor said.

Saturated Market

The consensus seems to be that there are simply casinos that are too many Atlantic City; that industry is over saturated and unsustainable, and that it is being damaged further by competition from gambling enterprises in neighboring states. Pennsylvania, which introduced legal casino gambling within the mid-noughties, has now supplanted its neighbor as the second biggest casino gaming market in the United States, after Nevada. Nj has lost 40 per cent of its revenue since 2006.

Meanwhile, the expansion of casino gambling in ny State will hit New Jersey even harder, with 12 percent of New Jersey gamblers saying, in a recent survey, that they will simply take their company to nyc when the brand new casinos open there. Caesars, which shut down Harrahs Tunica the month, had hinted at a closure that is possible Atlantic City, too. Even though the Showboat is profitable, unlike Revel and the Atlantic Club, the casino has been sacrificed to be able to free up a small room available in the market, including Caesars’ own three other Atlantic City gambling enterprises.

While it’s true that the Showboat was still in the black for Q1 of 2014, its books showed a drastic drop from the same time period year that is last. While first quarter 2013 earned some $8.5 million in gross working profits, this season’s equivalent period of time only revealed a just-under $2 million profit level. More over, out of the city’s 11 existing casino properties, Showboat came in at Number Seven in profitability, having a $66.2 million take so far this year; that’s a 16 percent nosedive from the same schedule a year ago.

The Mardi Gras-themed Showboat exposed in 1987 and was purchased by Caesars in 1998. It’s the littlest of Caesars’ Atlantic City properties with regards to net income, but it addittionally has operating that is relatively low. Bally’s, by comparison, is far higher priced to perform and showed a loss in $1.6 million over the period that is same.

The casino is expected to remain available and operating through to your August 31 shutdown, after which time gamblers is contributed to going to many other city properties, according the Loveman.

IRS Steps Up Investigation of Macau Casinos

The IRS has allegedly joined up with an investigation in to the movement of funds from American company-owned Macau casinos. (Image:

The quantity of money that is passed around in a single day in Macau would boggle most minds. Although the growth of Macau casinos has slowed, revenues continue to rise, with the enclave’s gaming take coming in at $45.2 billion. But some fear that this cash isn’t just being played around with in the gambling enterprises, and it’s possible that some dough could find its means into the tactile hands of crooks or hidden from governments.

That is why agents from the united states of america Internal Revenue Service (IRS) reportedly traveled to Macau in May in order to collect home elevators what casino that is american-owned there were doing with their money. A Reuters report quoted anonymous sources who say that IRS agent that is special Steiner unveiled the Macau investigation at a Las Vegas anti-money laundering conference earlier this month, during a portion of the conference in which the news was banned from the area.

Treasury Department Already Watching Casino Funds

It’s no real surprise that the united states government has had an interest in the incredible sums of money that are being funneled through Macau resorts and casinos. The Treasury Department had been maintaining tabs that are close the money movement into and out of gambling enterprises there. Officials from that division were worried that funds of questionable beginning could be flowing from Macau to Las Vegas, and that casinos may well not have the settings in place to identify deposits that are suspicious transfers.

The investigation that is latest had been allegedly conducted by the IRS Criminal Investigation unit. It is unclear what the check out to Macau had been, though some have speculated that it would likely have been a right section of an audit process for transactions from Macau to US casinos. Privacy guidelines in Macau may have made it difficult for agents to obtain access to information that is important the united states of america.

In specific, concerns have already been raised over the funds that come in from junket operators whom help organize financing and travel for high-rollers in Macau casinos.

Casinos Asked to Take Precautions

According to sources who had been apparently within the space at the time of his talk, Steiner warned those in attendance into place that it was important for casinos to have the proper controls in place to notice suspicious money movement, and for there to be potential civil or criminal penalties if casinos failed to put them.

While there may not be a direct connection, these issues could help explain alterations in policy that temporarily threw players for the loop at this year’s World group of Poker. Numerous players were outraged to discover that they might need a second piece of identification to verify their details, though it was later clarified being a request that would save your self time on future verification paperwork.

‘This policy is a result of federal needs for licensed casinos to use all reasonable efforts to acquire a permanent target of its customers, not an 11th hour shift by the WSOP,’ World Series of Poker Executive Director Ty Stewart said in a statement month that is last.

According to Reuters, both the IRS and major casino businesses operating in Macau such as for instance Las Vegas Sands, Wynn Resorts and MGM Resorts International declined to discuss the report.