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

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

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

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

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

Since Apollo currently retains a 30 % stake in Caesars Entertainment, because well as roles in UK betting house Ladbrokes and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch states Kraft is in breach regarding the NFL’s gambling policy. The League strictly prohibits owners from directly getting casinos or gaming businesses.

On the Apollo internet site, the hedge fund says Kraft has been a director of its business since 2014. The billionaire is listed alongside nine other directors and officers that are executive.

‘Holding that position would may actually be a violation that is clear of NFL’s gambling policy. While the policy enabl Read more “Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation”

Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

The Las Vegas Raiders have completed their purchase of 62 acres of land between Russell Road and Hacienda Avenue, just west of Interstate 15 therefore the famed Strip.

Sold! The 62 acres of land between Hacienda Avenue to the north and Russell Road towards the south will act as the home that is future of Las Vegas Raiders.

The NFL team bought a total of four parcels for the combined sale price of $77.5 million, or $1.25 million per acre. That’s a substantial premium for the sellers, as the land’s assessed value was $40 million.

Nevada Land Group, LLC, ended up being the seller, group of banks that acquired the property in foreclose in 2008. The land that is vacant adjacent to I-15 behind Mandalay Bay.

The house will be the future home of the $1.9 billion, 65,000-seat NFL arena that’ll be partially built with tax dollars produced from hotel remains in Clark County. As well as Nevada’s $750 million commitment, Raiders owner Mark Davis’ franchise shall be on the hook for the remaining $1.15 billion.

‘This site was not one of those originally mentioned,’ Michael Parks, a realtor that is commercial brokered the deal, told theLas Las Vegas Review-Journal. ‘Through many months of reaching out … and ensuring they were aware this web site was available, they decided this was their preferred web site. Now they’ve actually written a check … they can proceed using their planning.’

Close Quarters Read more “Vegas Raiders Officially Landowners, Future Home Purchased Near Strip”

Bay Region Native Tom Hanks Upset Over Oakland Raiders’ Move to Nevada

Bay Region Native Tom Hanks Upset Over Oakland Raiders’ Move to Nevada

Celebrated A-lister Tom Hanks is certainly one of America’s most cherished Hollywood talents.

He’s entertained moviegoers for many years, but regarding his own entertainment, Hanks says he won’t be tuning in for Raiders football games after the franchise relocates to Las Vegas.

When the Oakland Raiders relocate to Las Vegas, expected to take place in 2020, do not look for Tom Hanks regarding the sidelines.

There is no crying in baseball, as Hanks’ character Jimmy Dugan so memorably stated in ‘A League of the very Own,’ but as it pertains to soccer and Hanks’ beloved Raiders, apparently there is.

Appearing at a fundraiser in san francisco bay area to help local training, Hanks told attendees he’s going on a two-year moratorium from watching the NFL after the Raiders jump town for las vegas. Born and raised in the Bay Area, Hanks attended Skyline tall School in Oakland, which is just five miles from where the Raiders have actually played their games since 1995.

While Hanks was on-hand to raise cash for education, plus they did to the tune of over $500,000, the celebrity also took time for you to educate those around him on why the Raiders moving to Nevada is wrong.

‘You cannot simply take the Silver and Ebony, put them in an air-conditioned dome in the desert, make them use artificial change within a stone’s throw for the fountains of Caesars’ Palace, and call them the Raiders,’ Hanks opined, as reported b Read more “Bay Region Native Tom Hanks Upset Over Oakland Raiders’ Move to Nevada”

Britain’s ‘Rich List’ Crowns Gambling Industry’s Wealthiest Royalty

Britain’s ‘Rich List’ Crowns Gambling Industry’s Wealthiest Royalty

The edition that is latest of the united kingdom’s ‘Rich List,’ published annually by the Sunday occasions, shows the combined wealth of Britain’s gambling industry high rollers has grown by almost 20 percent throughout the previous year.

Publicity shy multibillionaire brothers David and Simon Reuben, the third-richest people in Britain and 60th in the world, according to the British’s Sunday Times ‘Rich List’ for 2017. They Arena that is own Racing, which operates 15 of Britain’s racecourses.

The index that is yearly of Her Majesty’s most moneyed subjects demonstrates that the five gambling industry billionaires and 15 multimillionaires who made this year’s list have actually seen their collective wealth grow by almost £3 billion ($3.88 billion) to £19 billion ($25 billion). In reality, all but two saw an increase in wealth, unlike Her Royal Highness Queen Elizabeth, who slipped out of the most notable 300 for the first time ever ( perhaps not that she’s in any threat of eating nothing but porridge).

Topping the UK’s gaming tycoon set are brothers David and Simon Reuben, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) final year, making them the pair that is third-richest within their county. The notoriously private brothers Arena that is own Racing, which operates 15 of Britain’s battle tracks.

The majority of the brothers’ fortune was acquired perhap Read more “Britain’s ‘Rich List’ Crowns Gambling Industry’s Wealthiest Royalty”