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Inside Gaming: Wynn-Sanity Escalates, Hooters Auction a Bust, and ...

February 24 2012, Elissa Harwood

Forget Lin-sanity. This week, all eyes in the gaming world are on the drama unfolding between Wynn Resorts and its largest shareholder. In less made-for-the-big-screen news, we must inform you that it's too late to add Hooters Casino to your personal collection. After no one showed up for the auction, the property's largest creditor will take over. And if you're planning a trip to China around 2015, you'll be able to stay in a familiar-looking resort. MGM announced it will build a Bellagio in Shanghai.

Wynn Alleges Corruption Findings, Buys Back Okada's Shares at Discount

The Wynn-Okada legal battle exploded over the weekend, and the plot twists just keep coming. Add a few car chases, and this could turn out to be the best high-stakes thriller movie of the year. The drama opened a few weeks ago when Kazuo Okada, Wynn Resorts' largest shareholder and a member of the board of trustees, sued the company to gain access to financial records about a $135 million donation to the University of Macau, which Okada implied may have been more than just a commitment to education. The lawsuit caught the attention of the U.S. Securities and Exchange Commission, prompting an informal investigation into Wynn Resorts' business practices in Macau.

Over the weekend, Wynn flipped the script on Okada, charging that he and his company, Universal Entertainment Ltd., were the ones involved in bribery and corruption and that Okada's accusations against the Wynn were "a desperate attempt to divert attention from his misdeeds."

Wynn will forcibly buy back the 24 million shares held by the U.S. subsidiary of Universal Entertainment at a steep discount since a year-long internal investigation into Okada determined that he was an "unsuitable" investor. Wynn said it will pay $1.9 billion over 10 years, a 30 percent discount over his stake's current market value of $2.77 billion. On Tuesday, Wynn Resorts fired another round at Okada, suing him for misappropriating company trade secrets for use at the $2 billion resort Universal Entertainment is developing in the Philippines.

Wynn Resorts said its decision to reclaim Okada's shares is based on the results of a year-long investigation conducted by former FBI Director Louis Freeh on the company's behalf. The report accuses Okada of paying over $100,000, mostly in travel accommodations, to Philippine gaming regulators. It also suggests there may be other other instances of impropriety with South Korean regulators.

"Mr. Okada and his associates and companies appear to have engaged in a longstanding practice of making payments and gifts to his two chief gaming regulators at the Philippines Amusement and Gaming Corp., who directly oversee and regulate Mr. Okada's Provisional Licensing Agreement to operate in that country," Wynn Resorts said in a statement. "As directors of a gaming company privileged to hold licenses, we have a duty to uphold the highest ethical standards and comply with the laws and the terms of the licenses upon which our business depends." The statement also said that Okada is the only member of the board of directors who has refused to sign the company's Code of Conduct.

Universal Entertainment responded by saying it will fight the forced redemption of its shares in court. "The decision by the Wynn board, which followed a rushed investigation that lacks absolute findings, to redeem Universal Entertainment's nearly 20 percent holdings in Wynn Resorts based on its project is outrageous," Okada said.

Wynn Resorts also closed the Okada Japanese restaurant in the Wynn Las Vegas and removed all references to it from the hotel and the company website.

For more on the plot twists, check out the Las Vegas Review-Journal and just about every other news source that covers gaming, Las Vegas, or the market.

Hooters' Creditors Acquire Casino As Only Auction Bidder

Sorry, folks. Your chance to be the proud new owner of the Hooters hotel-casino in Las Vegas has come and gone. The casino was supposed to go up for auction last week, but the property's lead creditor was the only party to submit a qualified bid. Canpartners Realty Holding Company IV won the right on Friday to take ownership of the property and its cash assets for a $60 million credit bid.

U.S. Bankruptcy Judge Bruce Markell approved Canpartners' bid and ruled that they were also entitled to seize Hooters' cash, valued at around $10 million. Hooters' investors contested Canpartners right since they claim that Canpartners acquired Hooters' $181 million in debt for $43 million, less than the value of the hotel. The judge, however, sided with Canpartners, citing differences between bankruptcy sale rules and foreclosures.

Canpartners, a division of Los Angeles-based investment company Canyon Capital Realty Advisors, plans to find a licensed gaming operator to run the property. The sale is expected to close by the end of March.

VegasInc.com has more on the bankruptcy proceedings.

MGM to Open Bellagio in Shanghai

MGM Resorts International announced on Tuesday that it signed a deal to develop a nongaming version of the Bellagio hotel in Shanghai, China. The company has been expanding its international hotel operations for several years, even changing its name to promote a reputation as a luxury non-gaming resort operator.

One of MGM's joint venture companies, Diaoyutai MGM Hospitality Ltd., will partner with the Suning Real Estate Group to build the Bellagio Shanghai Bund hotel along Shanghai's Huangpu River. MGM promises the new Bellagio will have all the high-end retail and entertainment excitement of the Las Vegas version even though there won't be a gaming floor. Construction is expected to be complemented by 2015.

"This strategic partnership with Suning further extends our reach into China, one of the fastest-growing hospitality markets in the world," said MGM CEO Jim Murren. "Along with our Diaoyutai JV partners, we believe relationships like this with Suning create new opportunities to expand our brand reach into this strategically vital marketplace."

Diaoyutai MGM, a joint venture with Diaoyutai State Guest House, already runs the MGM Grand Sanya resort on China's Hainan Island and is developing two hotel sin Beijing. The MGM Grand Tianjin and Skylofts of MGM Grand Tianjin are under construction and will open in 2014. The MGM Grand Chengdu and Skylofts are expected to open the same year.

VegasInc.Com covers the deal.

Follow PokerNews on Twitter for up-to-the-minute news.

_{*Photo courtesy of Destination360.com}

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Source: http://www.pokernews.com/news/2012/02/inside-gaming-wynn-sanity-escalates-hooters-auction-bust-12090.htm

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Online Gaming: The Advantages The idea Provided | Monster Article

From the time the introduction of the Personal Computer, similar engineering have became popular the world above. Gaming, for one, had been turning into extremely popular in the earlier Eighties era since more and also more folks started out to switch to this to while absent free time. It is evident that the recognition has been growing practically greatly ever since, with more as well as more style obtaining its way into games and also graphics in basic, making the encounter more wholesome along with satisfying. Video games are made across the entire world by many people programmers through the hundreds each day, and a lot of find a delightful audience in his or her focus on age organizations. The one benefit that gaming has long been linked to is leisure in fact it is unquestionably the perfect reason anyone found games to always be a key stress reducer.

Whenever games we hadn?t identified his or her distance to personal computers, we were holding nevertheless staying enjoyed by simply people across the world. Be it the classic Snakes as well as Steps or perhaps localized board and also card games, everybody loved taking part in this sort of games significantly. Contests were structured and also gamble obtained on great players because much back because individual history can call to mind.

Using the advent of the computer, points started out to adjust for the better significantly. Designers came into being and also made games that will created use of the personal computer?s visual abilities, a technological development of the ?80s that was to turn out to be the time frame of new games for a lengthy time soon after. In credited course, the game joined the family, grew to become an crucial part of it, identified its way into the hands of adults and children alike by means of portable gadgets, and have become frequent across the world. That?s when the side-effects of this particular source of enjoyment received debate on many forums. Folks acquiring hooked to games grew to become singled out and anti-social, existing in a virtual world that usually grew to become the trigger of depressive disorders more than time. The children investing more time actively playing computer games as compared to on the field or researching grew to become overweight and tired, and thus does older people. Numerous healthcare suppliers the world more than started disheartening gaming at young age groups, as well as mother and father began restricting their particular childrens gaming time per day as much as they will could.

However, the one point that many possess disregarded more than the course of gaming?s history is actually the huge benefits which it provides; the richer facet of this specific exciting photograph. With each moving day, more as well as more authorities are generally acknowledging the positive aspects of gaming for a limited time per day, along with the trend is beginning to adjust again. Although too much gaming can lead to depressive disorders and solitude, manipulated, balanced gaming can truly enjoy the contrary function: which of a strain reducer for men and women who are experiencing along or even frustrated through averting the mind from the worries of his or her lives. It has been documented that will gaming helps counter tension, whether it?s credited to a fight along with your cherished one as well as a buddy, or perhaps since they can be flipped out and about thanks to test pressure. Be in close proximity to your current personal computer or gaming console or simply an online gaming site, the up coming time you?ve a fight and you will probably find away for oneself.

In supplement to the immense amusement benefit in which gaming features, many experts have used scientifically; often to move young childrens consideration aside from their ongoing treatments and it?s suffering in many hostipal wards, particularly in the produced countries. The positives and negatives of gaming are balanced, and for this to be a good thing as well as a bane, exactly what matters is what you choose to make that.

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Source: http://monsterarticle.info/online-gaming-the-advantages-the-idea-provided.html

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A study describes liquid water diffusion at molecular level

Friday, February 24, 2012

An article published in Physical Review and conducted by researchers at the universities of Granada and Barcelona might lead to a revolutionary change in water desalination and filtration methods.

Researchers at the universities of Granada and Barcelona have described for the first time the diffusion of liquid water through nanochannels in molecular terms; nanochannels are extremely tiny channels with a diameter of 1-100 nanometers that scientists use to study the behavior of molecules (nm. a unit of length in the metric system equal to one billionth of a meter that is used in the field of nanotechnology).

This study might have an important impact on water desalinization and filtration methods. Two articles published in Science state that the introduction of graphene membranes and carbon nanolayers will revolutionize water desalinization and filtration processes, as water diffuses rapidly through these materials when their pores are 1nm in diameter.

Liquid water exhibits a range of unusual properties that other chemical compounds do not have: up to 65 abnormalities. Some of these abnormalities have been known for 300 years, as the fact that water expands below 4?C.

Many of the abnormalities found in water have a dynamic nature -e.g. water molecules move faster as density increases-, as a result of the properties of the hydrogen bond networks that form between water molecules; hydrogen bonds lead to the formation of tetrahedral structures wherein a central atom is located at the center with four molecules located at the corners. However, this geometrical structure changes with pressure and temperature and, until now, changes in the molecular structure and properties of liquid water had not been described.

A Mystery to Solve

Particularly confusing are the results on the diffusion of water confined between two hydrophobic plates. Neither experiments nor computer-based models have clarified whether confinement increases or reduces the mobility of water molecules. However, it seems that the mobility of water molecules relies on ducts having a diameter above or below 1nm.

In a study published in the prestigious journal Physical Review, professors Francisco de los Santos Fern?ndez (University of Granada) and Giancarlo Franzese (University of Barcelona) described the behavior of water confined between two hydrophobic plates. In their study, Franzese and Fernandez used models to demonstrate that the diffusion of nanoconfined water is unusually fast, as a result of the competition between the formation and breaking of hydrogen bonds, and the free volume available for cooperative molecule rearrangement.

In nanochannels above 1 nm in diameter, macroscopic diffusion of water only occurs if there is a cooperative rearrangement of molecules, which leads to HB breaking within a cooperative region of 1nm in size. On the other hand, diffusion increases in nanochannels below 1 nm, as fewer HBs need to be broken. Thus, this study proves that the interplay between hydrogen bond breaking and cooperative rearranging within regions of 1-nm determine the macroscopic properties of water.

###

University of Granada: http://www.ugr.es

Thanks to University of Granada for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

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Source: http://www.labspaces.net/117899/A_study_describes_liquid_water_diffusion_at_molecular_level

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Complete Business Marketing Training In Three Years - Free ...

Do you have an interest in managing the links between an organization and its customers? Have you completed an Ontario Secondary School Diploma (OSSD) or equivalent, or mature student status (19 years or older); English Grade 12 C or U or equivalent, or skills assessment and Math Grade 11 C, M or U, or Grade 12 C or U or equivalent or skills assessment? If you answered ?yes? to these questions then you may want to consider attending the Business Marketing Training at Centennial College, officially known as Business Administration ? Marketing.

This three-year offering emphasizes a broad-based training in business. Thanks to this approach, it readies students for a variety of careers within marketing, while also covering specific business marketing training skills such as marketing research, marketing communications (which includes advertising and promotion), interactive marketing (which includes direct marketing, e-marketing and customer relationship management) and brand planning. As a result, students of this business marketing training go onto become sales representatives, direct marketing coordinators, marketing research analysts, sales and promotion coordinators, assistant product managers, and customer relationship managers.

Students benefit from a dynamic and interactive environment that is facilitated by experienced faculty members who encourage learning through case studies, guest lectures, presentations, projects, and computer simulations and technologies. In addition, the Marketing program, which includes Product Marketing Training, is facilitated from Progress Campus, which houses many other business courses and allows for networking and interacting with peers from similar programs.

The business marketing training sees students, in their first semester, completing courses that are common to most Centennial College business programs. In this first year, courses include: Strategies for Business Success, Fundamentals of Business, Microcomputer Applications Software, Business Operations and more. Once they are comfortable and have a solid business foundation, students partake in more specialized business marketing training. This is achieved through courses such as Interactive Marketing (focuses on those marketing strategies that are fast emerging as key to effectively communicating with today?s consumers. Interactive marketing, as developed in this course, concentrates on three interrelated components: relationship marketing, direct marketing, and digital marketing); Professional Selling (intended to provide background to the development of successful sales presentation skills that will enhance participants? ability to develop sales presentations to satisfy customer needs and wants. Emphasis will be placed on pre-selling activities, techniques and procedures to use during the sales interaction and post sales activity); Principles of Marketing (provides an overview of contemporary marketing, emphasizing the management of the product/service, price, promotion and distribution areas of an organization within a changing environment); and more.

Business marketing training at Centennial College is rounded out through a real-life experience called an industry project feature. Participation in this feature includes students working in team setting on a real project that is sponsored by an entrepreneurial endeavour, small business or major company. This is the students? opportunity to show potential employers how well they work under pressure and in a professional situation.

To graduate from Centennial College?s business marketing training, students must maintain a C grade average and an overall GPA of 2.0.

Source: http://articlesblogs.info/reference-education/college-university/complete-business-marketing-training-in-three-years/

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Apple's Share-Price Target Boosted by Goldman (Update 3)

Updated from 12:02 p.m. EST to provide share price performance in 2011 and first week in 2012 in the seventh paragraph, along with today's share price performance.

NEW YORK (TheStreet) -- It's earnings season, and Goldman Sachs is raising the stakes on Apple(AAPL), lifting its price target on the tech giant to $550. Goldman's new price target coincided with Apple hitting a new 52-week high on Monday. Shares of the iPhone maker, which will report earnings on Jan. 24, spiked briefly to $427.38 shortly after the market opened, surpassing its previous 52-week high of $426.70. Goldman Sachs analyst Bill Shope raised his price target to $550 from $520 and reiterated his Conviction List buy rating based on expectations for strong iPhone sales in the December quarter. Shope raised his iPhone sales estimate to 31.0 million from 30.2 million, an annual growth rate of 91%. Goldman's target sits above the 12-month median price target on Apple shares of $510, according to Yahoo! Finance. The top price target on Apple is $700, from Hudson Square's Daniel Ernst. Piper Jaffray's Gene Munster and Ticonderoga Securities' Brian White are also exceptionally high on Apple, with $607 and $666 price targets, respectively. "For the December quarter, we now forecast overall revenues of $38.18 billion and EPS of $9.94, versus consensus of $38.28 billion and $9.87 and our prior estimates of $37.06 billion and $9.44," Shope wrote in his note. Shope expects Apple's Mac line to continue to defy the weakness seen in the PC market, led by the MacBook Air, which he believes will continue to drive "hefty notebook share gains for the company in coming quarters." Apple shares were among the best gainers in 2011, gaining almost 26% during the year. The stock is up 4.6% so far in 2012, changing hands at $423.50, up $1.10. Of the 54 analysts covering Apple. 49 rate the stock at either strong buy (24) or buy (25) with the remainder split between hold (3), undperform (1) and sell (1), according to Thomson Reuters. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: tips@thestreet.com>To order reprints of this article, click here: Reprints

Source: http://www.thestreet.com/story/11369657/1/goldman-sachs-raises-apple-price-target.html?puc=_breitbart&cm_ven=BREITBART&cm_cat=Free&cm_pla=Feed&cm_ite=Feed&puc=breitbart&

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Mundane dark matter may lurk in starry clusters

DARK matter - the mysterious substance thought to make up about 80 per cent of the universe's matter - could be more mundane than thought. Inside balls of stars known as globular clusters, at least.

Unless we have misunderstood gravity, dark matter must be there - holding rotating galaxies together. But we don't know what it is. Initially, it was thought to be planets and stars too dim to be seen directly. Such objects would reveal themselves when they pass in front of bright stars, distorting the image with their gravity, but the objects turned up by such "microlensing" searches in our galaxy have not revealed nearly enough matter. So it is assumed that dark matter is something more exotic, such as novel theoretical particles.

Now, Pawel Pietrukowicz of Warsaw University in Poland and colleagues have spotted a tiny star in the globular cluster M22 acting as a lens for a background star. At just 0.18 times the sun's mass, it is the smallest star ever seen in a globular cluster. Because its effects on the larger star were seen after just 10 weeks of observations, the team says there are probably many more like it in the cluster, perhaps even enough to account for all the dark matter needed to hold the cluster together. The work will appear in The Astrophysical Journal Letters.

While exotic dark matter is still needed outside of globular clusters, knowing that it might not be needed in this one, and perhaps others like it, could give clues to the stuff's properties. Turn to page 30 for more on dark matter

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