90-year-old Woman Denied $41.7 Million Jackpot from ‘Malfunctioning’ Slot

90-year-old Woman Denied $41.7 Million Jackpot from ‘Malfunctioning’ Slot

90-year-old grandmother Pauline Mckee will have to create do with $1.85, rather than the $41.7 million jackpot she thought she had won on a slot machine game in Illinois.

The Iowa Supreme Court has ruled that the local casino does not need certainly to pay a $41.7 million jackpot to one of its customers carrying out a slot machine malfunction.

Instead, 90-year-old grandmother Pauline Mckee, of Antioch, will have to be quite happy with the $1.85 payout that the equipment could have granted had it been functioning precisely.

McKee was playing the Miss Kitty cent slot machine at the Isle Casino Hotel in Waterloo, where she was a guest during a 2011 family reunion, when she believed she’d hit the big one.

While the reels came to rest, the language ‘$41,797,550 bonus honor’ flashed up on the screen.

But the casino refused to cover up, pointing out that the equipment had a maximum payout of simply $10,000.

Instead, she had been paid the $1.85 she had actually won through the spin, in addition to the $18.10 in credit remaining regarding the machine, while the device itself was sent away for independent technical analysis.

Tests unveiled that the machine’s computer had erroneously determined a bonus was had by it award.

Malfunction Voids All Pays

McKee sued for breach of consumer and contract fraud, a filing that ended up being dismissed in 2013 by a region court judge. This week the Supreme Court upheld Continue reading “90-year-old Woman Denied $41.7 Million Jackpot from ‘Malfunctioning’ Slot”

FanDuel Signs Partnerships with 15 NFL Teams

FanDuel Signs Partnerships with 15 NFL Teams

The Packers are among the many NFL teams to sign partnership agreements with FanDuel.

FanDuel and DraftKings appear to be locked into a battle over which fantasy that is daily site can find bigger and better partners with regards to their brand name.

This week, it absolutely was FanDuel making waves, as the larger of the 2 major daily fantasy brands scored a partnership with about half of the franchises in the National Football League, ensuring that they’ll have branding in many stadiums for the coming season.

The new deal will enable FanDuel to own signage in stadiums, use radio and digital marketing, and work on promotions with the specific groups.

However, the deal isn’t without conditions, plus it’s clear that the NFL is still being slightly cautious whenever it comes down to permitting the fantasy that is daily industry become part of their league.

FanDuel is Not Official Sponsor for Teams or League

Beneath the current contract, NFL team logos nevertheless cannot be used by FanDuel, either in advertising or on their site. FanDuel also won’t be considered an ‘official’ sponsor of either the NFL or any individual team.

They are similar to the limitations that are put on addresses casinos and other gambling venues whenever they reach marketing agreements with NFL teams.

‘A team sponsor is a company that may utilize the team logo or state, ‘We are the formal (company) associated with the group,” NFL spokesman Brian McCarthy t Continue reading “FanDuel Signs Partnerships with 15 NFL Teams”

Revere to Sue Massachusetts Gaming Commission Over Everett License

Revere to Sue Massachusetts Gaming Commission Over Everett License

Suffolk Downs Racetrack will be forced to close following a Revere casino that is unsuccessful bid.

The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to honor the East Massachusetts casino gaming permit to Wynn Resorts over Mohegan Sun. Mohegan Sun, which wished to create a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the permit battle last month following a protracted bidding process which cost both sides vast amounts, and also at times descended into tit for tat recriminations.

While Wynn now focuses on its vision of creating a resort in Everett, just a couple of kilometers to the east, Revere is left to pick the pieces up and mourn the resulting closing of the historic Suffolk Downs thoroughbred racetrack.

The horseracing industry had been hit by way of a 40 % reduction in recent years and it had been believed that the proposed Mohegan Sun resort will be sufficient to truly save Suffolk Downs, whose owners had pledged to carry on running for at minimum another 15 years should Revere win the permit.

In reality, the need to safeguard Suffolk Downs was among the primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming within the state and created the east Massachusetts casino license. The decision to go with Wynn Resorts has hammered the final nail into the thoroughbred horseracing indu Continue reading “Revere to Sue Massachusetts Gaming Commission Over Everett License”

Wynn Resorts Dividends Slashed Following Macau Slump

Wynn Resorts Dividends Slashed Following Macau Slump

Wynn Resorts share dividends took a nosedive this week due to results that are poor Macau gambling.

Wynn Resorts Ltd is moving on the pain sensation of the drop that is sharp Macau gambling to its shareholders by cutting dividends by 67 percent, Bloomberg reports.

The gambling chain, which owns and operates the Wynn Macau casino resort, posted its earnings for the first quarter of 2015 this week, and the news is not pretty if you should be an investor.

Income was hovering just under $1.1 billion, a lowered figure than industry quotes of $1.12 billion.

Being a result, dividends from shares spiraled downwards to 50 cents per share. That is a third regarding the $1.50 paid in February.

Wynn Resorts Ltd also posted a $17.1 billion dining table games turnover in the VIP sector, a fall of over 52 per cent compared to the exact same quarter year that is last. Table games return in the mass market sector had been also down, by 7% to $279.6 million.

Following the dividends results were announced, Wynn shares dropped 9 percent to close at $130.48.

Macau Clampdowns Affecting Everyone

The continuing crackdown on corruption in China is having a huge impact on the Macau economy. Chinese President Xi Jinping has been on a crusade the year that is past so to stop thousands of public officials taking off towards the Macau peninsula with public funds.

The sum of money allowed to be brought from the mainland to Macau, China’s sole arbiter o Continue reading “Wynn Resorts Dividends Slashed Following Macau Slump”