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The current volatility of the market is convincing a lot of investors to take their money out of the stock market and convert it into cash. UBS is convinced that there is money still to be made in equities.
They can potentially lose £100 million in profit due to the FOBT decision. It doesn’t help that along with the harsh stake limits, the government also announced tougher rules for internet gambling. This includes new spending limits depending on the age of the gambler.
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mogul James Packer were in the process of beginning work on a $250 million casino resort on the island, a redevelopment of the K-Club, an abandoned resort that was once a favorite holiday haunt of Princess Diana.
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The sudden evaporation of a vital revenue stream has not only caused Crown to cut its investment exposure to China through the sale of $1.5 billion worth of shares of its Melco-Crown operations in
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Thanks to the Curacao e-gaming license, it’s a safe place to enjoy the games as well, and that peace of mind should help to make the decision about whether or not to check it out further an easier choice to make.