Single Ticket In California Wins B Powerball

One ticket in California matched all six numbers in Monday’s record-setting $2.04 billion Powerball drawing. The cash value of the ticket is $997.6 million. Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump sum payment. Both prizeContinue Reading

The Cosmopolitan of Las Vegas is real estate’s “most profitable single asset sale ever” for Blackstone

The transaction that saw Blackstone sell The Cosmopolitan of Las Vegas for $5.65 billion was the “most profitable single asset sale ever” for the company’s real estate business, Blackstone said in an earnings report Thursday. The high-priced transaction included a $1.625 billion lease-back deal for MGM Resorts International to acquire its operations in May. Though Blackstone did notContinue Reading

Denmark Supports Lotteries and Suppresses Match-Fixing in a Single Sweep

Denmark has eased up the rules for lotteries and has simultaneously reinforced its regulatory measures against match-fixing. Denmark’s Gambling Authority Will Receive More Power The Danish government and the parties of Denmark’s Parliament have joined forces to introduce new rules on charity lotteries in voluntary associations. The initiative seeks toContinue Reading