News Heading into Wednesday August 19th 2020 NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
GNCA Genocea -1.8% as holders file to offer 21.39M shares
VRNA Verona Pharma Initiates Multiple Dose Part of Phase 2 Clinical Trial with pMDI Formulation of Ensifentrine in COPD (Overnight News).
AXDX Accelerate Diagnostics up 13% on FDA emergency use nod for COVID-19 test (Overnight News).
CYDY CytoDyn requests “Fast Track Approval” in U.K for COVID-19 trial (Overnight News).
HUD Dufry to buy rest of Hudson in $311 million deal (Overnight News).
BTG B2Gold Continues to Operate Unimpeded at its Fekola Mine in Mali (Overnight News).
REGN Regeneron teams with Roche to triple supply of its COVID-19 drug (Overnight News).
MTP Midatech Pharma Announces Exercise of Warrants and Issue of Equity (Overnight News).
ON ON Semiconductor Announces Upsize and Pricing of Private Offering of $700 Million of 3.875% Senior Notes (Overnight News).
RXT Rackspace Technology Announces Results of Global Cloud Budget Survey, Uncovers the Hidden Complexities of IT Spend Management (Overnight News).
GS Booking app Omio raises $100 million in travel recovery bet (Overnight News).
CHGG Chegg Prices Offering of $900.0 Million of 0% Convertible Senior Notes Due 2026 (Overnight News).
FUTU Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares (Overnight News).
BCOV Streamed Video Content Dominates Media and Entertainment Consumption According to the Brightcove Q2 2020 Global Video Index (Overnight News).
ORCL Trump Expresses Support for Oracle to Buy TikTok (Overnight News).
BX Takeda preparing to sell Japan consumer health unit to Blackstone: Kyodo (Overnight News).
NOVA GAF Energy and Sunnova Launch Strategic Partnership to Expand Roof-Integrated Solar Options for Homeowners (Overnight News).
EQNR Equinor’s share saving plan allocates shares (Overnight News).
AAPL Apple Revamps Music Radio Service With A Rebranded Beats 1, And Two New Stations (Overnight News).
World’s largest shipping firm says demand will ‘significantly decline’ this year(Overnight News).
NI NiSource Inc. Announces Pricing and Preliminary Results of its Any and All Tender Offer
WU Western Union Now Available at CARD Bank (Overnight News).
INBX Form S-1MEF (registration adding securities to prior form s-1 registration [rule 462(b)]) filed with the SEC
GILD Gilead comes up empty with U.S. application for filgotinib for rheumatoid arthritis
MIDD The Middleby Prices Upsized Offering of $650 Million Convertible Senior Notes Due 2025
U.S., China to expand airline flights between them to eight per week. (UAL, DAL, CEA, ZNH)
JUUL MO Juul E-Cigarette Getting FDA Review to Stay on the U.S. Market
HRMY Form S-1MEF (registration adding securities to prior form s-1 registration [rule 462(b)]) filed with the SEC
CDNS Cadence's John Wall to Present at KeyBanc Future of Technology Series
EHTH EHealth chief bullish on future, increases stake to 703K shares
ZNGA Zynga Becomes Largest Mobile Game Maker by Market Share
CNDT Conduent +3.2% as it names Icahn's Gary to board for settlement
RMAX RE/MAX 2020 Broker Owner Conference Features Memorable Speakers, Valuable Lessons and the Launch of New Tools, Training and Technology for its Global Network of Entrepreneurs
CNNE Cannae Holdings Announces Investment in Foley Trasimene Acquisition Corp. II’s Recently Priced $1.3 Billion Initial Public Offering
BFT Foley Trasimene Acquisition Corp. II Announces Pricing of Upsized $1.3 Billion Initial Public Offering
RIO Rio Tinto cuts 2020 refined copper outlook on smelter restart delay in Utah mine
AR Antero Resources Announces Pricing of $250 Million Offering of Convertible Senior Notes
III Asia Pacific Sourcing Slumps in Q2 on Pandemic Concerns
QHRC Quest Resource Holding to Present Virtually and Host 1x1 Investor Meetings at the 11th Annual Midwest Ideas Investor Conference on August 26th & 27th
REV C Citi Resigns Role on Brigade CLO Deal Amid Escalating Loan Feud
REV C Citigroup wins freeze on funds mistakenly sent to Revlon creditors
RDFN Late-Summer Housing Market is Unseasonably Hot, Prices Up 10% and Pending Sales Up 13%
RPAI Retail Properties Of America Prices $400.0 Million Offering Of Senior Unsecured Notes
SRNE Sorrento Therapeutics -10.4% after CFO's ouster
STAR iStar Pricing $400 Million of Senior Unsecured Notes
CWT California Water Service Group Honored as Silver Stevie® Award Winner for COVID-19 Employer Response
JNPR Archdiocese of Brisbane Selects Juniper Networks to Provide AI-Driven Wi-Fi Solutions Across Its Operations
ROP Roper Technologies Prices Public Offering Of $300 Million Senior Unsecured Notes Due 2022, $700 Million Senior Unsecured Notes Due 2025, $700 Million Senior Unsecured Notes Due 2027 And $1 Billion Senior Unsecured Notes Due 2031
TTEK Tetra Tech Wins $29.7 Million USAID Renewable Energy Contract
SPKE Spark Energy Announces Class A Common Stock Share Buyback Program
DMYD dMY Technology Group II Announces Closing of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering
GVA Granite Inliner receives C$12M sewer maintenance project in Canada
BPYU Brookfield Property REIT Inc. Announces Final Results of Tender Offer
Gambling Market Size, Business Share | Growth Rate 2020 Demand Status, Revenue by Global Regions Forecast to 2025 Report by Industry Research.co
https://preview.redd.it/xjhrt7bmej261.png?width=600&format=png&auto=webp&s=ba0c5d69a3b70e0d4d94fd6a5443214a215081fe "Final Report will add the analysis of the impact of COVID-19 on this industry." Global “Gambling Market” share report highlights various trends and dynamics, new and innovative technology, and mergers & acquisitions that are expected to make a positive impact on the overall industry. Gambling market has been studied in terms of applications, specifications, and quality, which makes a positive impact on the growth of the businesses. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally and this report covers the current COVID-19 impact on the Gambling market growth. Get a Sample Copy of the Report at -https://www.industryresearch.co/enquiry/request-sample/16170892 Global Gambling Market research report growth rates and the market value based on market dynamics, growth factors. The complete knowledge is based on the latest innovations in the industry, opportunities, and trends. In addition to SWOT analysis by key suppliers, the report contains a comprehensive market analysis and major player’s landscape. The report also includes detailed information about the market players that are operating in the market. Some of the major industry players that are listed in the report include:
Casino di Campione
Galaxy Entertainment Group
Paddy Power Betfair
The Casino at the Empire
Casino de Monte Carlo
Resorts World Birmingham
New York State Lottery
To Understand How Covid-19 Impact Is Covered in This Report-https://www.industryresearch.co/enquiry/request-covid19/16170892 A detailed examination is done on each of the segments and is provided in the Gambling market report. Based on the performance of the Gambling market in various regions, a detailed study of the Gambling market is also analyzed and covered in the study. Gambling Market Segmentation by Types:
Gambling Market Segmentation by Applications:
Questions Related to the Gambling Market Report:
Which regional market is covered in terms of market share and size?
Who are the most-established players in the global Gambling market landscape?
What are the different strategies used by players to market their products during the COVID-19 pandemic?
How are emerging market players expanding their presence in the Gambling market?
What is the result of the SWOT analysis included in the report?
Recap – Despite a huge gain on Friday, the SPY continued the bullish trend and ended up 1%. The Momentum plays on Friday were BHC and HPE. They finished at +6.55% and 4.37% respectively. If you played these in the after-hours market Friday you should have made out pretty well. Unfortunately, my limit orders were never filled. The Classic UOA picks of SABR and APA collectively did okay. SABR was quite a bit higher in the morning at 11.50 but proceeded to drop for the rest of the day ending at -1%. If you had a reasonable take profit that should have hit. The second pick, APA, ended up 9.77%. Site update – Economic Calendar has been updated to be more useful. This week I am going to focus heavily on the resources area so be sure to check it out. Eventually it will be a database with the most useful sites both free and paid that could help you to make the best decisions possible. There is also an email subscribe button now (it has yet to be tested). Here’s the Option Activity Summary for today – June 8th, 2020 Option Activity Fast Facts (Stocks >$6) Highest Multiple over Daily Avg (with ADV >5k) –IVR with 11x it’s ADV of 20,489. 202k calls traded and 31k puts. Ticker with most contracts Traded – GE with 591k contracts traded and 2x it’s ADV of 285k. 462k calls traded and 128k puts. Largest Put to Call Ratio (w/ Option volume over 10k) – IEF with P/C ratio of 70 and 159 calls and 11k puts. Largest Call to Put Ratio (w/ Option volume over 10k) – SONO with 33 C/P ratio. 37k calls and 1.1k puts. 1.Ticker : FTCH Spot Price : $15.58 +1.55, +11.05% Company Summary (from Yahoo Finance): Farfetch Limited, through its subsidiary, Farfetch.com Limited, provides an online marketplace for luxury goods in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in three segments: Digital Platform, Brand Platform, and In-Store. The company operates Farfetch.com, an online marketplace, as well as Farfetch app for retailers and brands. It also offers web design, build, development, and retail distribution solutions for retailers and brands. In addition, the company operates two Browns retail stores in London; one Stadium Goods retail store in New York; and two New Guards Off-White stores in Las Vegas and New York. Further, it operates approximately 50 New Guards franchised retail stores. Farfetch Limited was founded in 2007 and is headquartered in London, the United Kingdom. Special Considerations : None Next Earnings date: 08/06/2020 Option Information : Today’s Option Volume : 28,438 Average Daily Volume : 3,433 Multiple over ADV:8 Total Calls : 27,462 Total Puts : 976 C/P Ratio :28 Calls at ask % :45Calls at bid % : 24 Puts at ask % :11Puts at bid % : 52 Notable strikes : JUN 19 ’20 $16 strike with 18.7k volume today. Previous OI of 575. My Impression : FTCH is presenting at the Deutsche Bank dbAccess 17th Global Consumer Conference 2020 June 11th, 2019.It had a large spike today, but has been as high as $16.59. The Calls at ask % looks pretty bullish to me. This is similar to FLEX, BHC, and HPE. This is mostlikely buying the rumor and selling the news. Looks solid to me, I bought shares AHs. 2.Ticker :EVRI Spot Price : $7.88, +.90, (+12.86%) Company Summary (from Yahoo Finance): Everi Holdings Inc. provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment. The company also provides Cash access services; Casino Cash Plus 3-in-1 ATM, a cash-dispensing machine that enables ATM cash withdrawals, POS debit card cash access transactions, and credit card cash access transactions; check verification and warranty services; CashClub that provides gaming establishments with a single dashboard interface to streamline credit and debit card cash access transaction processing and check warranty transactions; fully integrated kiosks that provide multiple functions to the casino floor; and other integrated kiosk solutions. In addition, it offers Everi Compliance, a suite of compliance software to assist with anti-money laundering regulations; Central Credit, a gaming patron credit bureau service; non-ATM terminals that perform authorizations for credit card cash access and POS debit card transactions; database services; and an online payment processing solution for gaming operators in states that offer intra-state, and Internet-based gaming and lottery activities. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada. Special Considerations : Earnings 06/02/2020 Next Earnings date: 08/4/2020 Option Information : Today’s Option Volume :Average Daily Volume : 2,537 Multiple over ADV : 9 Total Calls : 22,837 Total Puts : 293 C/P Ratio : 77 Calls at ask % : 48% Calls at bid % : 24% Puts at ask % : 11% Puts at bid % : 16% Notable strikes : JUN 19 ’20 10C with 12.9k vlm and 4.94 OI. 3.28k VLM at the 12.5C same expiry. My Impression : Calls at ask % looks very bullish. 9x ADV. With the run up of PENN and DKNG I am amazed this fell through the cracks. It’s 52 wk high was $15. I don’t see any news on briefing to warrant the sharp increase. CLASSIC UNUSUAL OPTIONS ACTIVITY – Summary : Friday’s picks HPE and BHC ended up pretty well today. Keep in mind, both of these stocks have conferences coming up. BHC has the Goldman Sachs 41st Annual Virtual Global Healthcare Conference June 10th and HPE has the conference tomorrow. Keep this in mind if you held through today. Buying the rumor and selling the news is usually a safe bet. Regarding the momentum stocks, EVRI and FTCH look solid to me. With the recent run up of gambling stocks EVRI seems all around solid for a shorter-term hold. I bought both EVRI and FTCH in after hours. As for the Classic UOA stocks, I’m not playing either of these but will likely do a call spread on TSLA tomorrow. Thanks for reading. DISCLAIMER – These are my observations that I have made at the end of each day and trades that I am considering placing or watching. I am not responsible for your financial losses if you follow any of these trades. As always, do your own due diligence. Edit: If you liked the post please don't forget to upvote and or leave a comment!
Australia Goes Back to the 1980s With Its Economy Closed to World
Australia’s success in curbing Covid-19 infections is allowing it to slowly ease some restrictions even as it remains largely closed off from the rest of the world, taking its economy back to the pre-globalization era. Mining and agriculture continue to support exports and a government-sponsored group is looking at ways to revive manufacturing. But the flow of foreign tourists, students and immigrants has been frozen, pinning hopes for a rebound on local consumption. The closed borders and domestic reliance has the economy harking back to the 1980s, before the lifting of tariffs opened up trade and Paul Hogan offered to put another shrimp on the Barbie for international visitors. Services Driven Nearly two-thirds of economic output from service industries Australian Bureau of Statistics Nominal gross value added, 2018-19 The capacity of services to quickly turnaround and the fact Aussies aren’t blowing savings on holidays abroad could help the nation fare better than many developed-world peers. Much will depend on the mood of households as unemployment rises, with a poor construction outlook adding to headwinds. What Bloomberg’s Economists Say “Close to 1 million Australians per month traveled overseas in 2019. They will now be looking for a change of destination, heading to Noosa instead of Nusa Dua; Port Douglas, not Penang; and catching up with friends at bars in Melbourne Laneways, instead of Hong Kong’s mid levels. Containment measures change the economics of international travel.” James McIntyre, economist Household consumption, which makes up around 55% of the economy, has been boosted on the one hand by people stocking up on essentials during the lockdown, but hammered on the other as they couldn’t eat out or go to the movies. Shops and restaurants are gradually reopening but, for consumption to drive any rebound, households must put aside concerns over job security and debt to drive spending. That may be tough. Wesfarmers Ltd. is seeing shift in consumer behavior across its retail portfolio. Home improvement and office products stores, Bunnings and Officeworks, have seen significant uplift in sales, while general merchandise stores, Target and Kmart, have seen sales slow. Pessimistic households have consumption outlook seeming bleak Even before Covid-19, Australian households were among the most indebted in the developed world, with debt almost double disposable income. The threat of unemployment to people’s ability to meet their debts is now key, and the Reserve Bank of Australia has long acknowledged it as a major risk facing the economy. The unemployment rate is currently 6.2%, with the central bank expecting it to peak at around 10%. Banks are offering repayment holidays to help tide homeowners over and have quadrupled provisions for an expected surge in bad debts. Australia Passes Massive Stimulus Measures as Virus Spreads People wait in line outside a Centrelink office in the Bondi Junction suburb of Sydney, March 2020.Photographer: Brendon Thorne/Bloomberg The absence of skilled migration due to closed national borders will also hit pause on what had been steady stream of profitable mortgage lending for the banks. That could flow through to housing prices if sustained. Commonwealth Bank of Australia said its base case is for an 11% fall in home prices, though in a prolonged downturn a cumulative 32% slump is possible. National Australia Bank Ltd. said in a severe downturn, prices could plummet 21% this year. Uncertainty and job insecurity impacting property market Residential construction typically closely follows house price movements, and the sector was already scaling back activity following the previous flood of new stock still working its way into the market. The RBA earlier this month said that indications from the initial stages of the development process suggests demand for new housing “has deteriorated significantly.” It expects dwelling investment to plunge 17% in the 12 months through June and remain a drag on growth until 2021. Property investors have been hit by the six month moratorium on tenancy evictions during coronavirus. Without renewed interest from investors, it’s challenging to get a new apartment development, particularly of any size, into construction. The same holds for business investment. Unless the project was already underway, or is related to creating a covid-safe environment, capital expenditure plans have been parked until demand returns. Natural Endowment Things look brighter as you leave the cities. Internationally, Australia is known as a commodity powerhouse. While it accounts for just 10% of output, it is a key source of export income and prosperity in the country. Iron ore shipments from Port Hedland, a key export hub, hit a record for April, while gold sales from Perth Mint -- the main refiner -- also surged. Fortescue Metals Group Ltd. lifted its projected annual iron ore shipments in a wager on China’s recovery. “We are selling everything we can possibly produce,” Chairman Andrew Forrest says. Net exports important source of economic growth It’s less rosy for the liquefied natural gas producers. Just as the coronavirus sent the global economy into lockdown, Russia and Saudi Arabia began a standoff that sent oil prices tumbling below zero. Top producers Woodside Petroleum Ltd. and Santos Ltd. have slashed spending plans and deferred flagship growth projects -- worth over $15 billion -- in line with drastic steps by energy majors worldwide to hunker down during the pandemic. On The Sheep’s Back Virus Fears Grow In Sydney As Growing GDP Expected To Be Hit Rolls of toilet papers sit in an empty section of a supermarket in Sydney, March 2020..Photographer: Brendon Thorne/Bloomberg As supermarket shelves were stripped bare, a panicked nation was reminded of the sheer mass of food the country’s farmers produce. Domestic food production services more than 90% of fresh produce sold in supermarkets and still is able to more than match that amount in exports. The industry could also become an unexpected source of employment. Backpackers and workers from Pacific Islands flock to rural areas to pick up work with seasonal tasks, but with borders shut and jobs being lost across the economy, farmers are likely turn to the local community for the extra labor. Other producers have greater worries. Barley and meat exporters have been caught in China’s crosshairs in retaliation for Australia’s public call for an independent investigation of the coronavirus outbreak, while the wine industry is looking on nervously. It’s been a tough year for wine, even before the virus. Clonakilla winery in New South Wales, north of Canberra, decided against producing a 2020 vintage after analysis showed unacceptably high levels of smoke taint from wildfires over the summer. Exploring Our Own Backyard Australia's China Reliance Backfires as Virus Fallout Spreads Students sit on the grass at the University of Sydney, Feb. 2020.Photographer: Brent Lewin/Bloomberg The education industry was one of the first to feel the pinch from coronavirus restrictions. When the government imposed travel bans on flights from China in February, around 100,000 international students were unable to enter Australia to begin the academic year and left universities bracing for a costly fallout. The University of Sydney, where students from China represented nearly one-quarter of the total student body, projected a A$470 million loss this year. Other institutions, including the University of Melbourne and Monash University, are bracing for similar hits. Even smaller regional institutions that don’t attract nearly the same level of international students have been affected. With a lot of money at stake, there could be a relaxation of international border restrictions for students to study in Australia, before leisure travelers are allowed. But for businesses catering toward an offshore audience, demand is unlikely to snap back. Qantas Airways Ltd. is currently operating just 1% of its network and has canceled overseas fights until at least the end of July. Its main competitor, Virgin Australia Holdings Ltd., collapsed into administration in April. Virgin Australia Collapses After Pandemic Halts Air Travel Virgin Australia check-in kiosks inside a deserted Sydney Airport, April 2020. Photographer Brendon Thorne/Bloomberg Crown Resorts Ltd. and Star Entertainment Group Ltd., which both target big-spending visitors from Asia, were forced to close their casinos in Australia as the country locked down. Crown is just months away from completing a A$2.2 billion luxury gaming resort in Sydney. The tourism industry was already reeling from the wave of cancellations following the December and January wildfires. The silver lining is that Australians will have no option but to spend holidays on home soil once inter-state travel is allowed again. https://www.bloomberg.com/news/articles/2020-05-19/australia-goes-back-to-the-1980s-with-economy-closed-to-world?sref=s0L1qQ1H
From a Kuala Lumpur office, 38-year-old Arun Pudur is building an international business empire, or so he says. The flagship of his Pudur Corp., he says, competes with Microsoft, Adobe, Symantec and other technology giants with copycat products that he promotes as cheaper, faster and less prone to viruses. Its biggest seller is a knockoff of Microsoft Office that he says boasts 25.6 million users, including U.S. multinationals such as General Electric, Krispy Kreme, MTV and Boeing. After software there's mining. Pudur says he bought a gold mine in South Africa in January and that he aims to become the world's third-largest platinum producer in five years. Five years ago, he says, he began trading liquefied natural gas in East Asia. He says he and a partner are developing a beach resort, casino and water theme park in Malawi. He says he's invested $10.2 million in Genesis Telecom, which he describes as an underwater-cable operator that will supply 30% of all Internet service to Indonesia. All in all, Pudur Corp. claims it operates in 20 industries and 70 countries--generating $13.4 billion in revenue last year and reaping $3.6 billion in net profits. Bloomberg had him speak in December at its ASEAN Business Summit in Bangkok. The topic: Entrepreneurship: Turning Ideas Into Global Success Stories. Earlier, Twitter included him in an e-book it published titled "Tweets From the Top," amid a collection from Asia-Pacific leaders, including South Korea President Park Geun-hye, India Prime Minister Narendra Modi and Mahindra Group Chairman Anand Mahindra. Pudur certainly likes to call himself a billionaire, and he agrees with Wealth-X that he's worth $4 billion. As one of Pudur's tweets, hashtagged #lifelessons, says: "People buy you, your stories, your magic, never your products or services."
Now, all this looks very promising (Not!). We have got another person who will follow in the prestigious, honest and hardworking footsteps of Ambani and Adani (/s). However, there are some vital things missing....
However, Pudur's business empire--and his billions--may be largely fiction. FORBES ASIA e-mailed 25 people on a list supplied by Pudur Corp. of customers, distributor-partners and business associates. None of those who responded corroborated the supposed scale of his operation. Nearly half used Gmail, Yahoo or other personal e-mail addresses instead of company or official addresses. Some did not turn up in online searches and were invisible on professional networks such as LinkedIn and CrunchBase. Suspicions were first raised when our reporter visited the company headquarters in December to interview Pudur. For a business putatively so large, its profile in downtown Kuala Lumpur is notably low-key. Its offices occupy just one part of the 7th floor in a 26-story building. There are no exterior signs proclaiming its presence. Inside, when a visitor wants to use a restroom, it turns out to be a facility shared with other tenants at the end of a maze of corridors. Pudur says his operation has only 132 employees, which is remarkable given that his flagship technology unit--Celframe--spent $1.6 billion on research & development in 2014, according to its latest annual report. But he says most of that work is outsourced and that there are another 13,700 "indirect" or remote workers.
If you read the article given above, you'll discover more of this person's "karnamas". All in all, this guy is just another mega-cheat and exactly like the fraud who was in the news very recently - Mr. B. R. Shetty. (You can read about him here - Two Indians and lax compliance brought trouble to UAE banks), just another pet-dog of Modi and the PR-BJP. Now, what's amazing is that the said person is now just another Twitter troll - the blue tick one, whose sole purpose is to remove any sort of agency and influence that an Indian Muslim in the Gulf have to their disposal. He has now resorted to doxxing Muslims living in the gulf and reporting them to the Ministry of External Affairs, India just because they were targeting the hypocrites leeching of Arab money and then posting Islamophobic content online - dehumanising the already vulnerable Indian Muslims. (Few cases like - Indian expat sacked and faces jail for insulting Islam.) You can read here (https://twitter.com/arunpudustatus/1261663071644168192) how the degenerate takes pride in calling names to the Muslims they've doxxed - Ola/Uber, Jihadi, etc. Supposedly their aim is to deport him back to India and make him rot in prison. Like they've done recently with UAPA. Inshallah, I don't think they'll be able to do anything to the said person as he hasn't committed any sort of crime (per UAE law) and there are enough Muslims to help him there. Things to note here is that:
There is a systematic hierarchy being followed by these Indian "dharmic" patriots/trolls on reducing the Indian Muslim to nothing - so that no one is able to hear their point of view.
Popular social media channels like Twitter, Quora and Facebook have been completely hacked on behest of the government. A lot of times, you can see a Sanghi commenting first on any sort of post related to Islam before a Muslim.
They think they can go scot-free but there has been immense backlash from Muslims world-wide and this is not going well with them, therefore this supposed billionaires(lol) are being employed by the IT cell to target muslims and give impetus to the Rs. 2 per tweet troll army.
If you check his tweets, the said fraud has links with Vikas Pandey (twitter.com/ModifiedVikas) who once threatened SC lawyer on twitter who was fighting Ayodhya case. You can even listen to a Tedx talk by him here (check the comments and the like-dislike ratio to know how welcomed he was there)
The Rebirth of Live Sports Stocks (WWE, CHDN, BTDG, MSGS) We are increasingly seeing some positive signs unfold on the virus front, with declining rates of infection, hospitalizations, and deaths, and some more movement on the treatment and vaccine fronts. The end of this pandemic may be in sight, at least in terms of the sense that we are in a collective crisis that shapes our daily lives week-in and week-out. In step with that shift, we are seeing money move in the markets, with the Dow suddenly sharply outperforming the Nasdaq over the past week, and gold and silver falling sharply while interest rates start to rise, and oil companies and banks stocks break out to the upside. All of those market signals may be telling us that the landscape is shifting and all of these undervalued stocks that have been hampered by the virus over the past six months may finally be ready to come back. That points to outsized upside potential in industries like cruise lines, airlines, and – today’s focus – live sports. With that in mind, we take a look at a selection of active stocks in the live sporting events space, including World Wrestling Entertainment, Inc. (NYSE:WWE), Churchill Downs, Inc. (NASDAQ:CHDN), B2Digital Inc (OTCMKTS:BTDG), and Madison Square Garden Sports Corp (NYSE:MSGS). World Wrestling Entertainment, Inc. (NYSE:WWE) trumpets itself as an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment. The Live Events segment is involved in the sale of tickets, including primary and secondary distribution; provision of event services; and sale of travel packages related to its live events. World Wrestling Entertainment, Inc. (NYSE:WWE) just announced that Nick Khan, former Co-Head of Television at Creative Artists Agency (CAA), has been named President & Chief Revenue Officer, reporting directly to WWE Chairman & CEO Vince McMahon. “Nick is a seasoned media executive with a deep understanding of our business and a proven track record of generating significant value for sports and entertainment properties,” said McMahon. “While representing WWE at CAA, he was instrumental in transforming our business model by securing domestic media rights increases of 3.6x over our previous agreements. Nick’s management style and personal demeanor are perfect for WWE’s entrepreneurial culture, and he will fit right in with our exceptional management team.” If you’re long this stock, then you’re liking how the stock has responded to the announcement. WWE shares have been moving higher over the past week overall, pushing about 2% to the upside on above average trading volume. WWE shares have been relatively flat over the past month of action, with very little net movement during that period. World Wrestling Entertainment, Inc. (NYSE:WWE) managed to rope in revenues totaling $223.4M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of -16.9%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($547.9M against $544.3M). Churchill Downs, Inc. (NASDAQ:CHDN) bills itself as an industry-leading racing, online wagering, and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. The company owns and operates Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. It also owns and operates the largest online horse racing wagering platform in the U.S., TwinSpires.com, and sports betting and iGaming through its BetAmerica platform in multiple states. CHDN is also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Churchill Downs, Inc. (NASDAQ:CHDN) most recently reported business results for the second quarter ended June 30, 2020. Highlights from the quarter include: net revenue of $185.1 million, down 61% over the prior year quarter, a net loss of $118.8 million compared to net income(a) of $107.1 million in the prior year quarter, adjusted net loss of $21.1 million, compared to adjusted net income of $115.0 million in the prior year quarter, adjusted EBITDA of $30.1 million, down 86% compared to $215.0 million in the prior year quarter, and strong performance from TwinSpires with $18.3 million of Adjusted EBITDA growth and $100.7 million of handle growth, or 21.6%, over the prior year quarter despite the rescheduling of the 146th Kentucky Oaks and Derby to September. And the stock has been acting well over recent days, up something like 17% in that time. Shares of the stock have powered higher over the past month, rallying roughly 30% in that time on strong overall action. Churchill Downs, Inc. (NASDAQ:CHDN) generated sales of $185.1M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of -26.8% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($699M against $488.2M). B2Digital Inc (OTCMKTS:BTDG) styles itself as the premier development league for the mixed martial arts (MMA) fighting sport. The company operates live events, pay-per-view media, gyms, and other resources to maximize the development of future stars in the MMA sport. B2Digital operates a number of fighting events brands, including Pinnacle, HRMMA, Strikehard, and others, and has developed and deployed the systems and technologies for the operation of the B2 Fighting Series. This includes social media marketing, event management, digital ticketing sales, digital video distribution, digital marketing, PPV, FTV, merchandise sales, brand management, and financial control systems. B2Digital owns all rights for TV, internet, social media, media, merchandising and trademarks, and branding for the B2Digital companies. B2Digital Inc (OTCMKTS:BTDG) most recently announced its upcoming event schedule, which should be a very good sign for shareholders given that it has a strong offering on tap with 13 major events set across 5 states over the next three and a half months. We would also note that the company has been apparently in a uniquely strong position in terms of laying a foundation for the world that comes after the virus, with a number of assets acquired on the cheap and a clear reduction in overall competition. That could position BTDG for some serious upside potential if the cards deal right from here. If you’re long this stock, then you’re liking how the stock has responded to the announcement. BTDG shares have been moving higher over the past week overall, pushing about 113% to the upside on above average trading volume. Shares of the stock have powered higher over the past month, rallying roughly 257% in that time on strong overall action. B2Digital Inc (OTCMKTS:BTDG) pulled in sales of $169K in its last reported quarterly financials, representing top line growth of 155%. In addition, the company is stocking over $75K on hand liquid cash assets. Madison Square Garden Sports Corp (NYSE:MSGS) is a professional sports company with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL); two development league teams, including the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and esports teams. The company also owns two professional sports team performance centers, including the MSG training center in Greenburgh, New York and the CLG performance center in Los Angeles, California. Madison Square Garden Sports Corp. was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp (NYSE:MSGS) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2020 on Friday, August 14, 2020 at 10:30 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. Speculation will be rife into the report as investors and market participants look for clues as to how a company with such an overwhelming dependence on crowd-attended events is able to cope with the present environment. With deep pockets, it may actually come out stronger as competition bites the dust and assets appear on the market for rock-bottom pricing. Time will tell. And the stock has been acting well over recent days, up something like 5% in that time. Shares of the stock have powered higher over the past month, rallying roughly 10% in that time on strong overall action. Madison Square Garden Sports Corp (NYSE:MSGS) pulled in sales of $424M in its last reported quarterly financials, representing top line growth of -18%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($1.4B against $886.7M).
Most people here are pumping to sell on a dip and that's fine. MARK has been no exception, the hype was built and people (myself included) made money selling high when people bought in. Here's why I'm buying back in; MARK is a long-hold stock that has real value. Predictions, regardless of your source, all have this constantly gaining ground over the next year. They have real, demonstrable partnerships with major companies and organizations across the globe that will only grow in use as public spaces open back up. Vegas isn't just about the casino use from the Wynn deal leaked, the LV Police Department is also using their tech: https://www.casino.org/news/remark-holdings-emerges-from-obscurity-on-wynn-deal-rumors/ https://i.imgur.com/rRczXFc.png As well as departments and shopping centers on the other side of the country: https://greenvillejournal.com/news/haywood-mall-reopens-but-with-added-security/ https://i.imgur.com/wq8WsFE.png They have also shipped, and are expanding, their roll in Asia for government, religious, and industry locations - "today announced that it began shipping and deploying products from its family of AI thermal solutions, including Thermal Kits, Thermal Pads, and Thermal Helmets, in the United States and Japan. "We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy," stated Kai-Shing Tao, CEO of Remark Holdings. "Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks. Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification." http://ir.remarkholdings.com/node/11671/pdf Revenue streams are only going to increase as the use of this kind of tech is normalized worldwide: "The bottom line here is simple. Remark Holdings has created technology that, given the COVID-19 outbreak, is likely to be met with incredibly high demand. As such, revenue growth is likely in the very near future for the company." https://alphastocknews.com/remark-holdings-mark-stock-could-fly-today-as-shorts-are-shunned/3360/ Their access to capital is deep, and they are not all-in on one brand. Multiple apps and website ventures tied with big money investors will keep them primed to constantly grow: https://i.imgur.com/Mm33B64.png https://www.crunchbase.com/organization/remark-media#section-mobile-app-metrics-by-apptopia Basically this is a quality stock to hold, but you should be able to play the constant growth and make money in the dips if you pay attention to the timing of their announcements. Either way, unless you sell in the red, this is as close to sure gains as you can find - especially given COVID19 markets. For those interested their next earnings call is May 28, 2020 at 4:30 p.m. The live conference may be accessed via telephone or online webcast. Date: Thursday, May 28, 2020 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-Free Number: 866.548.4713 International Number: 323.794.2093 Conference ID: 4347844 Online Webcast: http://public.viavid.com/index.php?id=139870 TLDR: Don't panic, this is real value
Continued thoughts on the global economic impact of covid19
A month ago I posted a thread making the argument that the global economy would enter a serious downturn unless two things happened: 1) a treatment for the new coronavirus was developed immediately 2) a vaccine is developed by the next flu season https://www.reddit.com/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ The reasoning hinged on whether the characteristics of the virus was dangerous enough to change the behavior of economic actors. We've had past scares like H1N1 or ebola that didn't have any major impact. But my it seemed clear that the characteristics of this new virus was disruptive and dangerous enough to seriously affect the behavior of economic actors and thus negatively impact the economy as a whole. Here's some highlights of what was discussed:
This is why I said for nCoV to "blow over", an affordable treatment needs to be developed pretty much right now. Think about it, who would unnecessarily risk a trip to the movies or take a vacation with the risk of a catching HIGHLY infectious disease that spreads in many ways and spreads asymptomatically and can outright KILL you at up to a 25% probability without hospitalization? Affordable and effective treatment SOON and vaccines before the next flu seasons are crucial to avoiding lasting economic decline But why would there be economic decline? Well, because people will change their behavior as long as the threat of the virus remains. Let's look at what industries will be affected:
All tourism industry related businesses in Asia will take a huge hit. I'm talking about airlines, hotels, tours, restaurants, tourist destinations, markets, etc.
Reports already show that business declined by as much as 80% in some tourism driven markets in Thailand. Overall air traffic in China has shrunk from over 17,000 daily flights to 5,000. Hotels, cruises, flights are getting canceled left and right.
Many businesses that run on tight margins and those with complex supply chains and a Just-in-Time manufacturing strategy will be seriously hit by this and may even have to file for bankruptcy. Let's take something like restaurants into consideration. The ones who specialize in deliveries may actually thrive in this market but most restaurants that depend on foot traffic or has high markups and depend on ambience to attract customers will suffer or shutter. They have to keep paying expensive rent and other overhead costs while customers may take months to slowly return.
Expect a lot of businesses to start massive layoffs. Vulnerable Asian airlines will be first. Many airlines like China Airline are already halting recruiting new flight attendants. Others like Cathay Pacific which has negative operating cash flow are asking their crew to take up to month long unpaid leave. They are canceling up to 50% of their flights stretching into at least march. How can they possibly remove the threat of this virus if no treatment/vaccine has been developed? The reason they are shutting down flights will therefore persist, and they will suffer a prolonged period of diminished business.
America and the West will also feel the reverberations of China's hard fall. The ways that the West's economy is tied to China's is too much to even try to list. But just understand that the biggest growth of profit over the last 20 years for many of the largest companies have come from China's consumer class. If that consumer class is not buying stuff, stocks will tank. Companies that spent the last 10 years using cheap debt to finance growth may go into bankruptcy when they are faced from such a drastic and sudden dip in their business. Expect all the weak poorly run businesses to get shaken up and many of them failing in the coming months.
There will be a feedback loop. There are many industries we can FOR SURE predict big problems for in 2020. We are guaranteed to see layoffs in airlines (especially Asian airlines) in the coming months. Set a reminder on this comment if you don't believe. I can even name you specific companies that will probably go bankrupt.
Layoffs will compound upon itself. When airlines, hotels, restaurants, malls, etc are firing workers, the workers won't have money to spend on buying things. This means other businesses may suffer enough to also start firing some workers. Businesses in 2020 overall are so overleveraged that a large percentage of them are not going to be able to handle even a few months of lower business. They simply can't pay all the expenses and the debt obligation.
So if my logic and assumptions are correct, we are looking at an inescapable catastrophe for the Asian tourism industry at the very least. Just in Time manufacturing keep about 2 weeks worth of parts. Most businesses already adjusted their supplies to account for the normal Chinese New Year shutdown. We are now coming up on the limits of most JIT supplies. So expect some pretty bad news to be coming out this week and especially by later this month. I'm seeing pretty big dips in the stock market by April. Probably -15% by April and up to -35% by the end of the year. This will be our "dip".
After I posted this thread, the market (American) went on to make record breaking all time highs. I believe a few things are responsible for this:
Capital flight from Asia
Monetary actions from China and other nations
Poor modeling of previous "health scares" including the much talked about "V-shaped recovery"
Use of lagging indicators. There is still news coming out of "positive economic news" like ones regarding unemployment.
Downplay of the virus by governments and international health organization WHO
Pure ignorance (this was the "it's just the flu" period)
After a month, we've come to find out some more information about the virus. Some are bad but there are some good news as well. Let's start with the good news:
Various currently available drugs like Chloroquine have shown efficacy in treating infected patients. Don't expect peer reviewed studies anytime soon, this is just based on what was observed in China where health officials tried throwing all types of drugs at it until they noticed Chloroquine seems to work.
[Speculation] Heat and humidity may play a part in slowing the spread of the virus: see Singapore, India where they have tested a significant number of patients. Singapore is especially transparent and aggressive in finding cases. If they can contain this as a travel hub, then they may have a roadmap for our own containment once the weather warms. Other coronaviruses also slowed in heat
[Speculation] Diet may play a part in the spread of the virus. Indian diet rich in Curcumin/Turmeric may have an advantage in either fighting infection or dealing with the symptoms of infection. Hundreds of Indian students were evacuated from the epicenter of the Chinese outbreak and not a single one was infected after quarantine and testing.
Let's all hope the weather can give the Northern Hemisphere some much needed help in combating this virus (stay out of the Southern Hemisphere)
Now some bad news:
[Controversial] The virus may have mutated at least once. The newer strain is more aggressive. This was a fear that was talked about in the thread from a month ago:
RNA viruses like nCoV mutates extremely quickly. This means potential resistance or immunization from catching nCoV once may be lost if the virus mutates enough. This also means that there may never be permanent immunization. Any vaccine developed for it may only be effective for a portion of the mutations. And each flu season may bring many different strains of this virus that will be unaffected by developed vaccines. In other words, nCoV may be here to stay, much like other flu viruses.
It is being reported that it is possible to catch both strains at once (Chinese Journal National Science Review)
[Speculation] Guangdong reports up to 13% of patients tested positive for virus again weeks after "recovering". There are many possible explanations for this, some are benign but there have been several reports from health officials in various parts of China that they're seeing reinfection. Some viruses, the ones that target and manipulate the immune system response, cause more damage the second/third+ time of infection. Some diseases use our antibodies to cause more damage.
Patients who "recovered" from the virus including the recent man in his 30's die after recovery. There is lasting lunge damage in some patients. This means worse lunge function and injuries that allow for opportunistic infections.
WHO saying around 20% of infected cases require hospitalization. These patients have pneumonia and will drown in lunge liquid if they don't get on ventilators or as a worst case scenario ECMO machines. There are 300 ECMO machines in America.
Very little has been done to contain virus spread in America. Up to a few days ago, only 500 have been tested compared to tens of thousands in South Korea, a nation a fraction the size/wealth of us. For over a month since China shut its country down, we didn't even have a working test kit. The earlier one was defective.
Will things get better or worse?
For America, things will get much worse before it gets better.
This is not like the previous financial crises. With financial crises, we didn't have overrun healthcare systems, quarantines, and persistent danger of dangerous infectious disease to worry about. The economic impact will be dragged out because of the nature of this virus.
The biggest danger is that this virus mutates into more strains. This makes vaccination far less effective. If this virus retains its deadliness and persists as a seasonal flu, then we are looking at a potentially permanent shift in human behavior. Entire industries will stop existing because large gatherings of people is too dangerous to continue. This is a heavy dose of speculation but it is also founded in very real possibilities. This virus has a massive evolutionary advantage in that it can spread asymptomatically for up to weeks. This means unlike far "deadlier" coronaviruses like SARS and MERS, this virus can continue killing at the same rate without risking burning itself out. SARS and MERS showed symptoms too quickly and killed too much and destroyed its own transmission opportunities by killing or incapacitating the host. This virus has decoupled transmission from keeping the host alive or at least relatively well.
Imagine what industries are no longer possible if the seasonal flu puts 10-20% of infected people in the hospital. That's the very real potential if this virus mutates into more strains.
Further thoughts I am running out of time writing this so I will give some direct bullet point thoughts on how things will develop. Please try to think about this pandemic critically and organically. Do not use models from previous recessions because this is fundamentally different from financial crises. Misapplying models is what led to the "v-shaped recovery" consensus that was briefly reached last month. This virus and its mutation has the potential to have lasting fundamental changes on economic actor behavior. Stream of consciousness below:
As stated last month, massive layoffs and bankruptcies in the Airline industry will occur.
Many airlines will be bailed out, but equity holders will likely get wiped out
Biggest problem with airlines is they leveraged to meet booming demand, billions upon billions spent on airplanes that are generating zero revenue while grounded. Airlines lose money maintaining servicing and storing grounded planes. Cathay has half its fleet on the ground.
Casinos are the hidden big losers industry. They will lose far more than they have already lost. Casinos don't do well in recessions and will do especially poorly because of the virus. They will be trading for pennies on the dollars. They have similar problems as airlines: leverage to meet booming demand, huge overhead and debt service once the casinos stop generating revenue. Unlike grounded planes, at least casinos will get SOME kind of money out of their property. Not enough to cover expenses and debt but it's better than literally nothing.
Oil industries will be heavily impacted.
Different breakeven points for different oil extraction operations.
The most expensive North American oil extraction stops being profitable below $50
If oil prices hit $30, expect any type of fracking operations to pretty much stop.
All the towns/cities/local governments depending on this industry for tax revenue is in big trouble. And so are their municipal bonds.
States or even the federal government may need to bail out the industry.
States may need to bail out local governments.
If you are in Texas, New Mexico, OK or anywhere with oil related industry, get prepared for the local economic impact of laid off workers and less spending
The virus retains high infectiousness in the 50's to low 60's temperature. Check your local forecast to see when the weather gets hotter than that. Spread will likely slow past those temperatures.
Japan may be pushed into a massive economic crisis. They have the most unbelievable government debt levels of large developed economies. The triple hit of canceled Olympics, lack of tourism, and local recession may finally pop their debt bubble.
Keep eyes on Singapore for hope of containing virus
The more hosts this virus has, the more likely it mutates
Almost all economic data are lagging, don't use lagging data to affirm that things are better than they currently or will be in the future. Conversely, once an inflection point is hit, don't look at lagging economic data to be pessimistic about the future.
News from China are leading sources of data. News from Europe/Americas are lagging. See what happened in China to predict what will happen in the West (my original post and prediction came from following what happened in China)
Huge supply shock in some sectors = extreme inflation. There's plenty of opportunity here if you can gather the correct information.
Huge demand shock = distorted spending on alternatives. Can't go to the movies/concerts? Pay for games and home entertainment
Private jail industry will likely be devastated. This virus has shown to spread like wildfire among confined populations (Chinese jails and Korean psych ward). Almost 100% of patients were infected in Korean psych ward. The private jail industry will need a bailout.
Switch from big ticket luxury items to small luxuries. Entrepreneurs get ready to pivot to small luxuries.
Assuming threat of virus is gone, expect economic transition period of 3 years before we enter boom economy. Adjust the industries you invest in accordingly.
A lot of companies will go bankrupt or get bailed out. The bailouts come in many forms. Some type of loan payment freeze for entire industries (like tourism) is possible. Freeze on tax collection from businesses is likely. Helicopter money into consumer hands. Or outright bailouts like what we saw with some companies in 2008.
Most vulnerable and overleveraged companies will go under first.
Not the type of market to "buy the dip" because even financially secure companies may get wiped out in some industries.
Mass unemployment/underemployment. If you are in the most vulnerable businesses (tourism/travel), try to transition right now if you can. Have a plan to not have a job by May
The CFR is likely lower than reported. WHO has CFR at above 3%. But many countries like America are not testing to find everyone with virus. So the CFR is exaggerated from an unrepresentative sample. CFR may be well below 1%, but if enough are infected, the medical system will be overwhelmed and the CFR will quickly rise to the ~20% (those who require hospitalization to survive from severe/critical symptoms).
Governments should seek to reinforce vital functions (food supply, utilities, medical service)
Governments should seek to have comprehensive stimulus policies in place (US should seek high return investments like infrastructure)
Central Banks are in big trouble. If banks are afraid to raise rates during a supposed "booming" economy, what will they do now?
Negative effective rates equates to a massive wealth transfer
Real negative rates is an even bigger wealth transfer
Timing the market may be tricky because of central bank and government actors. But the direction is negative.
If I can leave with one last thought on this virus, it is the fact that this virus is 100% capable of creating a new paradigm, a new normal, in human civilization. The mutations of this virus is key. This virus is uniquely positioned in mutating in ways that will fundamentally change human civilization. It can spread asymptomatically for up to weeks. That's our biggest problem. If it retains this characteristic, then there will be MUCH LESS evolutionary selection pressure for more benign strains of the virus. Remember that with viruses like MERS and SARS, they defeat themselves by showing symptoms too quickly and killing too much. They prevent themselves from being spread. But with this new virus, they can be as dangerous and deadly as they wish to evolve/mutate into, as long as they continue to be asymptomatic while infectious, their deadliness won't play a big factor in their persistence. They can still spread easily. Remember that of the two strains of this virus published in the Chinese Journal, the NEWER strain is the more aggressive one. Viruses can mutate into deadlier strains just as they can more benign ones. Unlike other diseases, there's no big natural selection pressure for the more benign version of this virus. In this new paradigm, entire industries will not exist, and how we function currently may fundamentally shift. Imagine a persistent danger every flu season of being hospitalized 20% of the time by an incredibly stealthy and infectious disease. How will that change how we work, travel, learn in schools, etc?
Deutsche Bank Securities Inc. estimates the gross revenue position of Macau casinos at $ 1.32 billion in GGR in the third quarter, with annual GGR expected to be 68% lower than last year. However, during the revision of the data, it became known that Macau's GGR will amount to $ 29.49 billion in 2021, which is 150% more than expected in 2020. According to the representatives of Detche Bank Securities Inc., in 2021, the indicators are expected to increase by more than 96%. In the message of J.P. Morgan Securities (Asia Pacific) Ltd. , this will be an important event for the gambling industry of the administrative region. For July, the annual decline in GGy amounted to 94-5%. It is predicted that in August and September the decline in GGy will be equal to 85 and 70%, respectively. It is noted that the improvement of indicators may contribute to the resumption of issuance of exit tourist visas by the Guangdong authorities. It is also reported that from August 12, the rest of the provinces should resume issuing visas in Macau for purposes not related to tourism. https://preview.redd.it/9w8qdock0ze51.png?width=1095&format=png&auto=webp&s=b3275cd5778e196a3d70fded2de6742383d4e389 http://online-gambling-now.com
As teased by President Lim, the Legislative Yuan finally put a rubber-stamp on his teased Dash to the Future megaproject. The project is slated to cost $100 Bn, with the goal of launching Taiwan over the $1 Tn GDP mark and well towards the next trillion, to be the largest economic overhaul of the nation since its rise as an East Asian Miracle in the 80's and 90's. The Legislative Yuan has placed a soft completion date for the project around mid 2038.
With population in Taiwan climbing, and already having metropolitan spill over between Taipei, New Taipei City, Taoyuan and Keelung, the Ministry of the Interior has included as part of the Dash to the Future Plan a major overhaul of these areas that include full integration into a new smart megacity called Greater Taipei. As part of this integration, the entire city will be called Greater Taipei, but Taipei, New Taipei City, Taoyuan, and Keelung will be the new Super Districts while still having jurisdiction of their already existing districts. With the exception of New Taipei City, most of these new Super Districts are extremely old. While there are newer, overhauled areas, most of the residences are small high-rises that have been there since Japanese colonialism and slowly updated. Electrical wires run from street transformers directly through windows into buildings, the same could be said about the internet. Being the oldest part of modern Taiwan, it is no surprise it is the last place on the island that remains this way, and this will have to be addressed when creating Greater Taipei into a smart megacity. Massive digging projects will begin to streamline the electricity management of Greater Taipei by placing it underground and integrated into each residential and business structure as overhauled in the Housing Boom subproject. The same will be done with the internet as well, to provide fibre optics to every residential building and business. All current sewage piping, and water piping will be completely redone to connect sewage to waste water plants to clean out the waste and filter the cleaned water towards the interior where agriculture is present. To make Greater Taipei into a world class city like Tokyo, or Seoul, it will need to be clean. While trash has never been an issue with Taiwan’s dominant recycling regimen and daily trash routines, streetside food vending is not only violating health regulations, but looks unsanitary. The Ministry of Interior acknowledges that night markets are an important part of Taiwan’s culture and tourism background so they decided to build several specific large mall-like markets with multiple floors. Vendors will rent out space from the Ministry of Interior, and will be given a license to operate within the lease date so long as they pass the health inspections. After the Port of Taipei was damaged by the People’s Liberation Army, the Ministry of National Defense was quick to dispatch CSBC Corporation to repair the damage, however the port is important to the northern economy, and President Lim has been vigilant to include it in the Dash to the Future Megaproject. The container port is going to be expanded to service 20,000 TEUs and up to 52 container berths. To do so, the quay length will be extended 15,500 m with 190 quay cranes and 178,000 m2 of warehouse. The Taiwan Heavy Industries Shipyard at the Port of Taipei will also be subsequently expanded to provide a larger away of civilian and business vessels to feed Taiwan’s monstrous trade regimen. The facility expansions will focus on crude oil tankers, oil and natural gas drilling ships, LPG carriers, offshore oil and gas rig vessels, semi submersible heavylift ship barge, and superlarge freighters. Most of these will service EVERGREEN’s growing need for vessels as Taiwan’s economic influence expands across Africa and the world, to service LNG and petroleum drilling operations in Africa, the Indian Ocean, and the Philippine Sea. The Ministry of Interior plans to move the central government from Taipei to Tainan so Taipei can focus on finance, business, and tourism rather than politics. All current government buildings such as the Legislative Yuan, Presidential Office Building, and others will be turned into the Taiwan Smithsonian, so that citizens can visit the historical monuments for free. Roads in the city will be expanded to feed the growing population and updated to modern standards. The highways will be expanded to ten lanes, while roads will be expanded to eight lanes. The roadways and the highways across Taiwan will be armed with speed and traffic cameras for enforcement of laws by photography and speed signalling. The Ministry of Interior has set their goal of 99% of Taiwan’s roadways to be enforced by camera policing to not only make driving safer, but cleaner. Sound barriers will be added around the freeways, highways to minimize sound. Having long been delayed, the Taoyuan International Airport, the island’s primary airport is going to undergo extensive remodeling as part of the Dash to the Future Megaproject. With the large-scale international recognition of the Republic of Taiwan, many previously off-limits routes are now available to Taiwan, meaning the airport will have to accommodate the increased traffic. Already a busy airport, they have decided to market themselves towards being the hub to South Asia from North Asia, the Pacific, and the Americas. Meaning that flights headed to South Asia will be directed through Taoyuan International Airport. Two more runways are going to be added, each at 12,467 feet made primarily of concrete. The airport has a target of around 100,000,000 passengers served annually, which is 20,000,000 more than the current 80 million. All of the terminals will be upgraded to be on a loop to the highway so that vehicles can pull up, and drop off relatively quickly. The integration is expected to cost $20 Bn over the course of the project.
New Capital City - Tainan
The central government has decided to jump ship from Taipei to the old ancient capital, Tainan. Tainan was the original capital to the island government when ruled by their own people, and seemed like a fit for the Republic of Taiwan. Additionally, the transition to Tainan will bring with it a large amount of investment and repurposing of the city from stagnant industry, to bustling political center. A building for each ministry will have to be constructed, as well as a Legislative Yuan, and a Presidential Building. The site for the construction of the new seat of government has been selected in the Annan District of Tainan, mostly abandoned farmland and right on two scenic rivers, right across from Anping Old Fort. All of the ministry-level headquarters will be built in a similar ancient Taiwan palace-style along a single road called Independence Way that connects to Road 17. Taiwan’s new presidential building will be called the “Green House” denoted by its green-colored roof to be as pictured at the end of Independence Way with each Ministry building at its North and South. (See the Green House, pictured center, and the Ministry of Foreign Affairs, pictured left). The area around the structures will be maximized for the growth of vegetable and fruit gardens. The paddies around the buildings should also be preserved as much as possible to maintain the healthy natural image. The Environmental Protection Agency has stated the buildings on Independence Way will be entirely powered by renewable energy, like 80% of the country. The construction and overhaul of the area to prepare for the transition of the seat of government should cost $5 Bn.
The island has already built over most of its non-mountainous areas with houses since the early 1900’s. As noted above, the new focus will be about building new, and higher than ever before. While most of Taiwan’s buildings, especially in Taoyuan, and Taipei are very aged, the new push is to build tall and build new. As part of a great urban renewal project and residential housing project, Continental Engineering Corporation has been provided the contract and subsidies to undertake the massive housing project. All of the structures will be replaced with large multi-use skyscrapers. This will allow the ground floors to be used by stores, and restaurants, while the remaining floors can be used for apartments. Electricity, water, sewage, gas, and the internet will run to these buildings. Each unit will have its own integrated HVAC system, a considerable upgrade for Taiwan. These high-scale cookie-cutter apartment complexes will be dotted across the island, replacing the old. These apartments will be sectioned into units of 10, and that will consist of a neighborhood that has a secure vehicle and foot entrance on two sides. Using the home key to swipe at the security gate they can gain access to the neighborhood and to their building. Guests can check in at the security gate by providing their National Identification Card. A section for visitor parking by the security gate will be allotted, while residence parking will be camera detected by parking pass, and will remain underground in the neighborhood. At the center of each neighborhood, will have a park and common area for community activities. The security entrances will be manned by uniformed, unarmed, volunteers to the National Police Agency as part of their new Community Safety Office. They will not have the authority to arrest anyone or detain anyone, but could assist with situations until law enforcement arrive if serious, solve communal disputes, report suspicious activity, and general community outreach activities like helping a child find their home, get into their building, assisting people carrying groceries etc. Likely the most important piece of the project, and the largest arm of the project, it is expected to cost $50 Bn in upgrades and construction across the island to completely modernize housing and implement the safe neighborhood system.
The islands of Penghu, still on Taiwan’s continental shelf, are in shallow waters, easily accessible, and within 10 miles of Chiayi County on the island of Taiwan. A series of bridged highways have been proposed in a loop to link Penghu County and its respective islands to each other which will be linked by a long over-water bridge to the coastal Highway 61. As part of the loop there will be two connections across to Penghu, the first will connect the Hwy 61 to Penghu’s 202 at the Huxi Township. The other connection will connect Dongjiyu Township to the 61 by Jiangjun District. This plan will effectively connect all of the islands of Penghu directly to each other and to Taiwan proper. The connection will be called the Penghu Causeway, and will cost $20 Bn.
Gambling Laws and Tourism
As Taiwan gains a taste for luxury life and culture, the Legislative Yuan decided to generally legalize gambling across the Republic of Taiwan. Previously, gambling was only legal in designated areas, however no areas were ever designated. After the passage of this law, gambling and e-gambling will now be legal in Taiwan. Specifically, the Legislative Yuan has targeted Yilan County’s coast for specific gambling and resort build up on the Eastern Coast. White sands will be poured over Yilan’s coast and allow the targeted foreign resort and casino investment into the area. The Ministry of Interior will be conducting a $5 Bn construction and infrastructure build up of the coast to cater to construction of prospective resorts and casinos. This will include the clearing of the new coast, extending of power lines and water lines, and carving out areas for resorts and casinos, while preparing the white sand beach. Taiwan will now allow the hosting of e-gambling services, including Simplified Chinese to suck money out of China’s rampant addiction to online gambling that the government can’t seem to crank down on. Currently, the Philippines manages the monopoly for e-gambling in South East Asia, but as an easy market to get into and a sector dominance of Chinese-language, the barriers to entry for Taiwan are extremely low. With the technological prowess of Taiwan, the Legislative Yuan expects it will not be long until most e-gambling could be regulated through Taiwan’s government, and all the digital transactions and gambling fees raking in more revenue from overseas players to Taiwan. The Legislative Yuan hopes that this broad legalization will drive further business, and will make Taiwan one of the first in South East Asia to do so.
Playing Cards Industry Overview, Market Size, Share, Growth Analysis and Forecasts, 2020-2025
Analytical Research Cognizance present a comprehensive research Report namely "Global Playing Cards Market Analysis 2015-2019 and Forecast 2020-2025" which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer's Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025. The global Playing Cards market size is estimated at xxx million USD with a CAGR xx% from 2015-2019 and is expected to reach xxx Million USD in 2020 with a CAGR xx% from 2020 to 2025. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Playing Cards by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. Get Sample of Global Playing Cards Market Report @https://www.arcognizance.com/enquiry-sample/788132 Besides, we classify Playing Cards according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Augmented Reality Company. This report covers leading companies associated in Playing Cards Market @ United States Playing Card Company, Theory 11, Ellusionist, Ningbo Three A Group, Yaoji Poker, DiaoYu, BinWang, SanTu Region Segmentation: North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain etc.) Asia-Pacific (China, India, Japan, Southeast Asia etc.) South America (Brazil, Argentina etc.) Middle East & Africa (Saudi Arabia, South Africa etc.) On the basis of types, the Playing Cards market is primarily split into: Cardboard, Plastic-coated Paper, Cotton-paper Blend, Plastic, Others On the basis of applications, the market covers: Home Entertainment, Casino, Others Access Global Playing Cards Market Report @https://www.arcognizance.com/report/global-playing-cards-market-analysis-2015-2019-and-forecast-2020-2025 Some of the major factors contributing to the growth of the global Playing Cards market: 1) On the basis of type, natural Playing Cards is growing at the highest CAGR since it has the maximum number of consumer demands due to its natural properties and ingredients in pharmaceuticals, animal feed supplements, food and cosmetics. 2) On the basis of derivatives, the sodium butyrate segment is growing at the highest CAGR as it has a better solubility than calcium and reduces pungency which makes the handling of Playing Cards easier. 3) On the basis of end-user, the animal feed is growing at the highest CAGR as it acts as an energy regulator for the intestinal cells promoting colon health to the farm animals. Playing Cards Market Report Structure at a Glance: 1) Executive summary, market introduction, Playing Cards market definition. 2) Macroeconomic factors and forecast factors. 3) Playing Cards Market taxonomy - segmentation on the basis of type, end-use, and region. 4) Pricing analysis, regulatory factors analysis, and value chain analysis. 5) Playing Cards Market dynamics including key drivers, key restraints, recent trends, upcoming opportunities. 6) In-depth forecast analysis by type, end-use, region. 7) Playing Cards Market structure and competition analysis. Buy This Report @https://www.arcognizance.com/purchase/788132?license=single Other Trending Report:Global Healthcare IT Market-Industry Trends and Forecast to 2027 Note: Our report does take into account the impact of corona virus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19. As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic. About us: Analytical Research Cognizance (ARC) is a trusted hub for research reports that critically renders accurate and statistical data for your business growth. Our extensive database of examined market reports places us amongst the best industry report firms. Our professionally equipped team further strengthens ARC's potential. ARC works with the mission of creating a platform where marketers can have access to informative, latest and well researched reports. To achieve this aim our experts tactically scrutinize every report that comes under their eye. Contact Us: Ranjeet Dengale Director Sales Analytical Research Cognizance +1 (646) 403-4695, +91 90967 44448 [[email protected]](mailto:[email protected])
Global Online Gambling Market Size, Industry Trends, Share and Forecast 2019-2025
The global online gambling industry is estimated to register lucrative growth over the forecast period 2019-2025. Factors that augment the business growth of the market include high internet penetration coupled with the increasing use of mobile phones. Moreover, ease of access to online gambling, legalization & cultural approval, corporate sponsorships, and celebrity endorsements are further fueling the growth of the market. Apart from this, the growing availability of cost-effective online gambling mobile applications across the globe is also driving the market growth. The recent COVID-10 outbreak, which prompted several governments to prohibit social gatherings and announce full lockdown, has impacted a segmental performance of the industry. Request a Free Sample of our Global Online Gambling Market:https://www.omrglobal.com/request-sample/online-gambling-market The report analyzes the global online gambling market on the basis of type and geography. Based on the type, the market is segmented into sports betting, casinos, poker, and bingo.Sports betting contributes significant revenue to the global online gambling industry; however, it has been hit hard by the spread of the deadliest virus across the globe. Several sports events and tournaments including Indian Premier League (IPL) 13, UEFA Euro Cup 2020, Summer Olympics 2020 have been either postponed or canceled, providing a heavy blow to the several online sports betting companies. Further, amid the virus crisis and no sports tournaments or events in place, bettors are shifting to other gambling types such as pokers and casinos. Thereby, fueling the other segmental growth of the market. A full Report of Global Online Gambling Market is Available at:https://www.omrglobal.com/industry-reports/online-gambling-market The global online gambling market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. The market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Europe is expected to be the major region in the global online gambling market owing to the legalization of gambling in countries such as France, Germany, Spain, and Italy. Moreover, other factors that fuel the regional business growth include the significant presence of major players, such as William Hill PLC, Cherry AB, 888 Holdings PLC, and several others in the region; and high penetration of the internet coupled with the high smartphone penetration across the region. Asia-Pacific is estimated to be the fastest-growing region in the global online gambling market due to the growing use of internet services and the relaxation of regulations pertaining to online betting & gambling. Global Online Gambling Market Segmentation · Type · Sports Betting · Casinos · Poker · Bingo Regional Analysis · North America · United States · Canada · Europe · UK · Germany · Italy · Spain · France · Rest of Europe · Asia-Pacific · China · India · Japan · Rest of Asia-Pacific · Rest of the World Companies Studied · 888 Holdings PLC · Bet365 Group Ltd. · Betsson AB · Cherry AB · GVC Holdings PLC · Kindred Group PLC · Ladbrokes Coral Group PLC · Flutter Entertainment PLC · The Stars Group Inc. · William Hill PLC For More Customized Data, Request for Report Customization @https://www.omrglobal.com/report-customization/online-gambling-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. For More Information, VisitOrion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: [[email protected]](mailto:[email protected]) Contact no: +91 7803040404
Quick and fast approvals with Online Gaming Merchant Account
The global media and entertainment market which include online gaming and other casino is expected to rise to $2.14 trillion by 2020. As an important market, online gaming and casino will be booming in the upcoming years. The two largest gaming regions North America and the Asia Pacific are expected to take account of 78% of the global revenue. These are many factors which show that this is a lucrative business however banks or financial institution wouldn't take a gamble on them. The factors that keep banks or financial institution away also include the industry's background and history, high chargeback ratio, and potential legal issues. https://preview.redd.it/u27nw2ezxtg41.jpg?width=225&format=pjpg&auto=webp&s=15f6e6b0e0ef711f83e6da338af0d821a373a71c What is needed when applying for the merchant account? When applying for the payment gateway facility processors and underwriters want to see that they are running legitimate, reputable businesses. During their review, they ensure many factors to ensure that credit card processors are not taking any unnecessary risks. Some of the factors that determine business risk include bank statements, credit card processing statement, credit scores, negative bank account balances, unpaid bills and late payments. To obtain an Online Gaming Merchant Account facility one needs to fill out the online application form. In addition to the application form they also need to have a secure and operational website, merchants need to have the following items handy to provide to processors:- The government authorized voter ID or Driving License ·A bank letter or pre-printed voided check ·3 months of the recent bank statement ·3 months of the recent processor statement ·Chargeback ratio needs to be up to 2% ·24*7 customer support service Bank or financial institution will provide you with the merchant account facility within 5 to 7 business days. Reasons casino and online gaming merchants are so high risk It is a high-risk industry since it falls into a legal grey area. Though there are no federal laws that prosecute this business, the unlawful Internet Gambling Enforcement Act of 2006 states that no person can accept or transfer funds from any ill legal online gambling business. Since the law states that a "party can't accept funds, this has no real consequences for the actual gambler. Since the law prevents gambling merchant from legally accepting wire transfers, the merchant needs companies who can provide them with efficient merchant account solutions that will allow them to have higher business growth. Also, the industry gets hit with a lot of frauds. This is when customers dispute a transaction since they have changed their minds. Nothing like anything happened with them that their card is stolen. But they have just decided that they didn't want to pay for the services. Merchants need to maintain good chargeback Processors may have to choose with the option take it or leave it when it comes to excessive chargebacks. Credit card processors are very quick to terminate the services when they come to know that the industry can't maintain low chargeback ratios. The service provider doesn't want to be responsible for funds that casinos and online gambling business can't cover. While we at Amald provide you with the efficient Online Gaming Merchant Account Solutions that will help you stabilize your payment transactions.
"According to a recent market report published by Trends market research titled, “CCTV Camera Market by 2025” the global CCTV Cameramarket was valued at US$ XX.0Mn in 2018, and is expected to register a CAGR of XX% from 2018 to 2025.Demand for CCTV Camera is expected to be driven by increasing security concerns and government regulations. CCTV Closed-Circuit Television (CCTV) is the use of video cameras to transmit signal to a specific place on a designated device. It may employ point to point (P2P), point to multipoint or mesh wireless links. Applicable for surveillance in areas that may need monitoring such as banks, casinos, airports, military installations and convenience stores. CCTV systems may operate continuously or only as required to monitocapture a particular event. Request for Report Sample:https://www.trendsmarketresearch.com/report/sample/3650 Global CCTV Camera market is categorized on the basis of Type of CCTV Camera, End-user and Technology. On the basis of Type of CCTV Camera, the market is segmented as Dome Camera, Bullet Camera, Box Camera, PTZ Camera and others. The Dome Camera segment is anticipated to register a CAGR of XX% during the forecast period. The end-user segment is segmented into Residential, Commercial, Industrial and Government. On the basis of technology, the market is segmented as Analog CCTV Camera, IP/Network CCTV Camera and HD CCTV Camera. Analog CCTV Camera segment accounted for highest market share and was valued at US$ XX Mn in 2018. Moreover, advancements in high definition (HD) and megapixel cameras globally is going to contribute primarily to the growth of CCTV Camera market. IP/Network Camera segment is expected to register a healthy CAGR of XX% during the forecast period. Get Request for Table of Contents:https://www.trendsmarketresearch.com/report/requesttoc/3650 This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of CCTV Camera market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among the regions, Asia Pacific was the largest market for CCTV Camera accounted for over XX% of the market share in 2018. Also, demand for CCTV Camera is increasing in the markets in North America and Europe. Key competitors in CCTV Camera market are:Hangzhou Hikvision Digital Technology Co., Ltd, Dahua Technology Co., Ltd., Bosch Security Systems, Hanwha Techwin Co. Ltd., FLIR Systems, Inc, Honeywell International Inc., CP PLUS International, Axis Communications AB, Digital Watchdog and Sony Corporation." Make an Inquiry before Buying:https://www.trendsmarketresearch.com/checkout/3650/Single
https://preview.redd.it/34yy4txjoq741.jpg?width=667&format=pjpg&auto=webp&s=e9b7cba62ee7bb8b8514390d8213b6f3bf0e4ae9 Tourism, the act and process of spending time away from home in pursuit of recreation, relaxation, and pleasure, while making use of the commercial provision of services. As such, tourism is a product of modern social arrangements, beginning in western Europe in the 17th century, although it has antecedents in Classical antiquity. It is distinguished from exploration in that tourists follow a “beaten path,” benefit from established systems of provision, and, as befits pleasure-seekers, are generally insulated from difficulty, danger, and embarrassment. Tourism, however, overlaps with other activities, interests, and processes, including, for example, pilgrimage. This gives rise to shared categories, such as “business tourism,” “sports tourism,” and “medical tourism” (international travel undertaken for the purpose of receiving medical care).
The Origins Of Tourism
By the early 21st century, international tourism had become one of the world’s most important economic activities, and its impact was becoming increasingly apparent from the Arctic to Antarctica. The history of tourism is therefore of great interest and importance. That history begins long before the coinage of the word tourist at the end of the 18th century. In the Western tradition, organized travel with supporting infrastructure, sightseeing, and an emphasis on essential destinations and experiences can be found in ancient Greece and Rome, which can lay claim to the origins of both “heritage tourism” (aimed at the celebration and appreciation of historic sites of recognized cultural importance) and beach resorts. The Seven Wonders of the World became tourist sites for Greeks and Romans. Pilgrimage offers similar antecedents, bringing Eastern civilizations into play. Its religious goals coexist with defined routes, commercial hospitality, and an admixture of curiosity, adventure, and enjoyment among the motives of the participants. Pilgrimage to the earliest Buddhist sites began more than 2,000 years ago, although it is hard to define a transition from the makeshift privations of small groups of monks to recognizably tourist practices. Pilgrimage to Mecca is of similar antiquity. The tourist status of the hajj is problematic given the number of casualties that—even in the 21st century—continued to be suffered on the journey through the desert. The thermal spa as a tourist destination—regardless of the pilgrimage associations with the site as a holy well or sacred spring—is not necessarily a European invention, despite deriving its English-language label from Spa, an early resort in what is now Belgium. The oldest Japanese onsen (hot springs) were catering to bathers from at least the 6th century. Tourism has been a global phenomenon from its origins. Modern tourism is an increasingly intensive, commercially organized, business-oriented set of activities whose roots can be found in the industrial and postindustrial West. The aristocratic grand tour of cultural sites in France, Germany, and especially Italy—including those associated with Classical Roman tourism—had its roots in the 16th century. It grew rapidly, however, expanding its geographical range to embrace Alpine scenery during the second half of the 18th century, in the intervals between European wars. (If truth is historically the first casualty of war, tourism is the second, although it may subsequently incorporate pilgrimages to graves and battlefield sites and even, by the late 20th century, to concentration camps.) As part of the grand tour’s expansion, its exclusivity was undermined as the expanding commercial, professional, and industrial middle ranks joined the landowning and political classes in aspiring to gain access to this rite of passage for their sons. By the early 19th century, European journeys for health, leisure, and culture became common practice among the middle classes, and paths to the acquisition of cultural capital (that array of knowledge, experience, and polish that was necessary to mix in polite society) were smoothed by guidebooks, primers, the development of art and souvenir markets, and carefully calibrated transport and accommodation systems.
Technology And The Democratization Of International Tourism
Transport innovation was an essential enabler of tourism’s spread and democratization and its ultimate globalization. Beginning in the mid-19th century, the steamship and the railway brought greater comfort and speed and cheaper travel, in part because fewer overnight and intermediate stops were needed. Above all else, these innovations allowed for reliable time-tabling, essential for those who were tied to the discipline of the calendar if not the clock. The gaps in accessibility to these transport systems were steadily closing in the later 19th century, while the empire of steam was becoming global. Railways promoted domestic as well as international tourism, including short visits to the coast, city, and countryside which might last less than a day but fell clearly into the “tourism” category. Rail travel also made grand tour destinations more widely accessible, reinforcing existing tourism flows while contributing to tensions and clashes between classes and cultures among the tourists. By the late 19th century, steam navigation and railways were opening tourist destinations from Lapland to New Zealand, and the latter opened the first dedicated national tourist office in 1901. After World War II, governments became interested in tourism as an invisible import and as a tool of diplomacy, but prior to this time international travel agencies took the lead in easing the complexities of tourist journeys. The most famous of these agencies was Britain’s Thomas Cook and Son organization, whose operations spread from Europe and the Middle East across the globe in the late 19th century. The role played by other firms (including the British tour organizers Frame’s and Henry Gaze and Sons) has been less visible to 21st-century observers, not least because these agencies did not preserve their records, but they were equally important. Shipping lines also promoted international tourism from the late 19th century onward. From the Norwegian fjords to the Caribbean, the pleasure cruise was already becoming a distinctive tourist experience before World War I, and transatlantic companies competed for middle-class tourism during the 1920s and ’30s. Between the World Wars, affluent Americans journeyed by air and sea to a variety of destinations in the Caribbean and Latin America. Tourism became even bigger business internationally in the latter half of the 20th century as air travel was progressively deregulated and decoupled from “flag carriers” (national airlines). The airborne package tour to sunny coastal destinations became the basis of an enormous annual migration from northern Europe to the Mediterranean before extending to a growing variety of long-haul destinations, including Asian markets in the Pacific, and eventually bringing postcommunist Russians and eastern Europeans to the Mediterranean. Similar traffic flows expanded from the United States to Mexico and the Caribbean. In each case these developments built on older rail-, road-, and sea-travel patterns. The earliest package tours to the Mediterranean were by motor coach (bus) during the 1930s and postwar years. It was not until the late 1970s that Mediterranean sun and sea vacations became popular among working-class families in northern Europe; the label “mass tourism,” which is often applied to this phenomenon, is misleading. Such holidays were experienced in a variety of ways because tourists had choices, and the destination resorts varied widely in history, culture, architecture, and visitor mix. From the 1990s the growth of flexible international travel through the rise of budget airlines, notably easyJet and Ryanair in Europe, opened a new mix of destinations. Some of these were former Soviet-bloc locales such as Prague and Riga, which appealed to weekend and short-break European tourists who constructed their own itineraries in negotiation with local service providers, mediated through the airlines’ special deals. In international tourism, globalization has not been a one-way process; it has entailed negotiation between hosts and guests. Day-Trippers And Domestic Tourism While domestic tourism could be seen as less glamorous and dramatic than international traffic flows, it has been more important to more people over a longer period. From the 1920s the rise of Florida as a destination for American tourists has been characterized by “snowbirds” from the northern and Midwestern states traveling a greater distance across the vast expanse of the United States than many European tourists travel internationally. Key phases in the pioneering development of tourism as a commercial phenomenon in Britain were driven by domestic demand and local journeys. European wars in the late 18th and early 19th centuries prompted the “discovery of Britain” and the rise of the Lake District and Scottish Highlands as destinations for both the upper classes and the aspiring classes. The railways helped to open the seaside to working-class day-trippers and holidaymakers, especially in the last quarter of the 19th century. By 1914 Blackpool in Lancashire, the world’s first working-class seaside resort, had around four million visitors per summer. Coney Island in Brooklyn, New York, had more visitors by this time, but most were day-trippers who came from and returned to locations elsewhere in the New York City area by train the same day. Domestic tourism is less visible in statistical terms and tends to be serviced by regional, local, and small family-run enterprises. The World Tourism Organization, which tries to count tourists globally, is more concerned with the international scene, but across the globe, and perhaps especially in Asia, domestic tourism remains much more important in numerical terms than the international version.
A Case Study: The Beach Holiday
Much of the post-World War II expansion of international tourism was based on beach holidays, which have a long history. In their modern, commercial form, beach holidays are an English invention of the 18th century, based on the medical adaptation of popular sea-bathing traditions. They built upon the positive artistic and cultural associations of coastal scenery for societies in the West, appealing to the informality and habits and customs of maritime society. Later beach holiday destinations incorporated the sociability and entertainment regimes of established spa resorts, sometimes including gambling casinos. Beach holidays built on widespread older uses of the beach for health, enjoyment, and religious rites, but it was the British who formalized and commercialized them. From the late 18th and early 19th centuries, beach resorts spread successively across Europe and the Mediterranean and into the United States, then took root in the European-settled colonies and republics of Oceania, South Africa, and Latin America and eventually reached Asia. Beach holiday environments, regulations, practices, and fashions mutated across cultures as sunshine and relaxation displaced therapy and convention. Coastal resorts became sites of conflict over access and use as well as over concepts of decency and excess. Beaches could be, in acceptably exciting ways, liminal frontier zones where the usual conventions could be suspended. (Not just in Rio de Janeiro have beaches become carnivalesque spaces where the world has been temporarily turned upside down.) Coastal resorts could also be dangerous and challenging. They could become arenas for class conflict, starting with the working-class presence at the 19th-century British seaside, where it took time for day-trippers from industrial towns to learn to moderate noisy, boisterous behaviour and abandon nude bathing. Beaches were also a prime location for working out economic, ethnic, “racial,” or religious tensions, such as in Mexico, where government-sponsored beach resort developments from the 1970s displaced existing farming communities. In South Africa the apartheid regime segregated the beaches, and in the Islamic world locals sustained their own bathing traditions away from the tourist beaches. The beach is only the most conspicuous of many distinctive settings to attract a tourist presence and generate a tourism industry, but its history illustrates many general points about tradition, diffusion, mutation, and conflict. Tourism has also made use of history, as historic sites attract cultural tourists and collectors of iconic images. Indigenous peoples can sometimes profit from the marketability of their customs, and even the industrial archaeology of tourism itself is becoming good business, with historically significant hotels, transport systems, and even amusement park rides becoming popular destinations. Heritage and authenticity are among the many challenging and compromised attributes that tourism uses to market the intangible wares that it appropriates. The global footprint of tourism—its economic, environmental, demographic, and cultural significance—was already huge at the beginning of the 20th century and continues to grow exponentially. As the body of literature examining this important industry continues to expand, historical perspectives will develop further. Source: https://www.britannica.com/topic/tourism
Global Coin-operated Amusement Devices Market 2020- Overview, New Industry Opportunities, Size, Developments In Regions Forecast To 2026
“Coin-operated Amusement Devices ” Market research report 2020-2026 comprises a complete market analysis and vendor landscape in addition to a SWOT analysis of the key vendors. The comprehensive knowledge is based on newest industry news, opportunities and Coin-operated Amusement Devices industry trends. It contains most of the Coin-operated Amusement Devices queries related to the market value, environmental analysis, Coin-operated Amusement Devices advanced techniques, latest developments, Coin-operated Amusement Devices market Size, business strategies and current trends. Request a Sample Copy of the Report -https://www.absolutereports.com/enquiry/request-sample/15075869 About Coin-operated Amusement Devices market:
Coin-operated amusements include video games, pinball machines, jukeboxes, pool tables, slot machines, and other machines and gaming devices operated by coins or tokens inserted into the machines by individual users. These games are attractive to both children and adults, and can be found in a variety of locations, such as convenience stores, bars, restaurants, grocery stores, truck stops and bus terminals.
Coin-operated Amusement Devices are mainly classified into the following types: Slot Machine, Dance Dance Revolution, Arcade, Racing Type, etc. Slot Machine is the most widely used type which takes up about 38.07% of the total in 2018.
Market Analysis and Insights: Global Coin-operated Amusement Devices Market
The global Coin-operated Amusement Devices market is valued at 9139.2 million US$ in 2020 is expected to reach 11660 million US$ by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.
. Coin-operated Amusement Devices Market Segment by Manufacturers includes:
Chicago Gaming Company
APEX Gaming Technology
Belatra Co. Ltd.
and many more. This report focuses on the Coin-operated Amusement Devices in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. By Types, the Coin-operated Amusement Devices Market can be Split into:
Dance Dance Revolution
. By Applications, the Coin-operated Amusement Devices Market can be Split into:
Online Gambling And The Betting Market – Scope and Opportunities Analysis 2017 – 2026
Global online gambling and the betting market was valued US$ 47.2 Bn in 2017 and is expected to reach US$ 107.2 Bn by 2026, at a CAGR of 9.54% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global online gambling and betting market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTERâ€™s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global online gambling and betting market. Gambling can be defined as risking money or anything of material value for uncertain results. The initial intent is to win additional money or material goods. Online gambling, more usually known as Internet gambling, is typically betting on casino or sports type games over the Internet. Request for Report Sample:https://www.trendsmarketresearch.com/report/sample/6100 Constant development in the internet infrastructure along with the strong penetration of mobile devices, rising urbanization & disposable incomes, increasing usage of the internet is driving the growth of the global online gambling and betting market. Virtual reality headphones are created a better environment for online gambling and betting. Crypto-currency and increased adoption and popularity of Internet-based devices are growing the market of online gambling and betting. Easy convenience of these games and the lure of easy money are the key factors powering global online gambling and betting market growth. However, incorporation of live streaming with online gambling and development of online gambling & betting sites with innovative technology as per requirement of end-users are expected to generate new opportunities in the market. Sports betting is estimated to hold the largest share of the market during the forecast period. Rising the popularity of sports and followers of sports among the globe will boost the market. Increased craze regarding sport in youth is growing the market of sports betting. Mobile is estimated to hold the largest share of the market during the forecast period. Rising usage of the smartphones and penetration of internet is a growing share of the market. Rising trust being online operators, as well as an increase in mobile gaming. Software segment is projected to hold the largest share of the online gambling & betting market during the forecast period owing to the availability of various online payment options. Additional, the online gambling & betting market is divided on the basis of gaming type into poker, casino, sports betting, bingo, lottery, horse race betting, and others. Poker segment is expected to hold a notable share during the forecast period. Legalization for online gambling and betting in Europe region is estimated to hold the largest share of the market in this region. The UK is the first country which one is legalized for online gaming and betting and also various countries are legalizing for online gaming and betting such as Italy and Spain. However, Asia Pacific is estimated to generate the highest CAGR in the forecast period as increasing penetration of internet and relaxation of regulations regarding online gaming and betting in this region. Also, North America is estimated to grow at a substantial rate in the global online gambling & betting market meanwhile it is the most technically developed region. The U.S. is expected to be a key contributor in the region. Scope of the Global Online Gambling and Betting Market Request for Report Discount:https://www.trendsmarketresearch.com/report/discount/6100 Global Online Gambling and Betting Market by Gaming Type Poker Lottery Bingo Sports Betting Fantasy Sports Others Global Online Gambling and Betting Market by Device Type Desktop Mobile Tab Global Online Gambling and Betting Market by Component Hardware Software Service Global Online Gambling and Betting Market by Geography North America Europe Asia Pacific Middle East & Africa South America Key Players in Global Online Gambling and Betting Market 888 Holdings plc The Stars Group Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc. Playtika SciGames Zynga Bet365 Group Ltd. Betfred Ltd. Paddy Power Fortuna Entertainment Group The Betway Group William Hill Plc Kindred Group Rank Group Playtech Hong Kong Jockey Club Mybet Holding Kindred Group Full View of Report Description:https://www.trendsmarketresearch.com/report/analysis/MMglobal-online-gambling-and-the-betting-market
Request PDF On Aug 31, 2007, Henry Tsai published Casino Industry in Asia Pacific, Development, Operation, and Impact. Hsu C.H.C. (Ed.) Find, read and cite all the research you need on ... Asia-Pacific is in the middle of a massive casino revenue void. By Erik Gibbs. 29 June 2020. Tags: asia pacific, casino, revenue. At the beginning of the year, things were looking great for the ... The contribution of digital currency in making casino popular in the Asia Pacific region is specifically worth mentioning. The changing scenario and evolving viewpoint of the Government and legal Agencies towards the overall concept of gambling is expected to make things easy for gamers in the coming years. Yes, the process will take its own sweet time, but until then, the support of crypto is ... Key 2017 moments for the Asia Pacific casino industry. Dec 27, 2017 Newsdesk Features, Latest News . The year 2017 could prove to have been a turning point in the development of Vietnam’s casino industry. In Macau, despite the VIP gambling segment being once again in the driving seat regarding contribution to gross gaming revenues, there was evidence that the right non-gaming offer to ... Casino Industry in Asia Pacific is organized into three sections: Development, Operation, and Impact. Chapters in the Development section provide a thorough history of gaming for Australia, Japan, Korea, Macao, and Southeast Asia. Laws and regulations are also reviewed for each location. In the Operation section, each chapter analyzes an important casino operational issue, including ... IN THIS JOURNAL. Journal Home. Browse Journal
ONLY IN CHINA! CRAZY TECHNOLOGIES THAT ARE ON ANOTHER ...
With its strategic location in mainland Southeast Asia, at the heart of the Greater Mekong Sub-region, Cambodia has long been caught up in big-power rivalries. During the Cold War, it experienced ... CBRE held its long-running annual Melbourne Market Outlook breakfast on March 12 at Crown Casino, with the event attracting more than 400 valued clients from within the industry. Market Outlook is ... Originally published March 8, 2010 on https://calvinayre.com/2010/03/08/conference/igaming-asia-macau/ What do YOU know about iGaming and the industry in Chi... Click Here: http://bit.ly/15sGvHfHere are the 10 Most Amazing Video in The World You Need To See #5Subscribe Here - http://bit.ly/15sGvHf(Following back righ... This week we continue with “A Moment in Mexico,” our special series of six Op-Docs by Mexican directors. The second film in the series is Everardo González’s... Offshore Floating Oil Platform in Epic StormMy New Videos:https://www.youtube.com/watch?v=9nIc9f8r09o&t=2sPlease Subscribe below Youtube channels...🌎My chan... This week Group Five became the fifth local builder to enter business rescue in less than a year. SA’s construction industry is being demolished. Courtesy #DStv403. When one man discovers a way to beat the system, Vegas becomes his playground. From slot machine alone he steals millions with the authorities none the wiser... For copyright matters please contact us at: [email protected] Warehouse https://goo.gl/aeW8Sk It's Sunday morning and we are in Downtown Vancouver at the Pan Pacific. We are going to try their Sunday Seafood Brunch Buffet in their restaurant, Oceans 9...