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9 Poker Skills to Practise While You Homeschool Your Kids
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Life is filled with lessons. Every day’s a school day, as they say. And never has that felt more true than right now, with many of us juggling full-time jobs with new, unanticipated careers as teachers. Homeschooling your kids during lockdown doesn’t leave a lot of room for pursuing your own interests, but poker players need to keep their heads in the game. So here are a few perfectly serious principles to chew over while bluffing your way as a makeshift teacher. (If none of this sounds familiar to you, congratulations – you’re one of the lucky ones; now’s probably a good time to join an online casino like Golden Nugget.) Get maximum value whenever you can You’re dealt more bad hands than good ones, so you’ve got to get the most out of your winners. Like, if he’s really getting into that World War II history project, it might actually keep him occupied until lunch. Don’t tell him what time the lesson was supposed to finish; just give him plenty of space, lots of paper and pens, and ignore those disturbing things he keeps saying about invading and annexing his sister’s bedroom. Work on your live tells  Did she really do her flute practice? Give her the staredown ’til she calls the clock. If you lose a confrontation, make it cheap He wants a snack, but you need him to finish his book report on Dr. Seuss. You’re trying to show strength and unwavering resolve, but he’s showing a stubbornness you’ve not seen since The Zax (“Never budge! That’s my rule. Never budge in the least! Not an inch to the west! Nor an inch to the east!”). You know you’re going to lose this pot, so you’d better make it a cheap one. Give him a piece of fruit and save your big stack* for when you really need it. * I recommend Oreos via GIPHY Don’t get counterfeited If you’re not paying attention, you could hit the card you’ve been waiting for without realising it completes a better hand for someone else. You thought it was just what you needed to win, but it actually seals your fate. Like that hour of YouTube you let him watch this morning, which harmlessly bought you a precious hour of work… or so you thought. But one five minute video and now he knows how to undo every parental control in the house. Use your downtime wisely In any poker tournament it’s essential to make the most of your breaks. Clear your head: it doesn’t matter how many terrible, unlucky beats you’ve taken or stupid decisions you’ve made. When you get back to that table you need to be strong, focused and refreshed. Otherwise she’ll never finish that science project. Fire all three barrels It’s easy to lose confidence in a bluff when your bets get called, but backing down and checking the river instead of firing that third barrel is a weakness that a wily opponent will exploit. And my daughter is certainly wily. She knows subtraction, I know she knows, and she knows that I know she knows. But she also knows that the more time I spend going over it, the less work she has to actually do, so she plays dumb a few times. But she’s bluffing, and eventually she’ll get the answer right as I knew she would. Either that or be terrible at maths for the rest of her life. But hey, you can’t push them off the pot if they actually have it, right? 30 divided by 7 = 4 (plus rake) Master the skills you need to ladder up Sometimes you need to just hang on in there and survive. When you’re not getting the cards or the opportunities, the longer you can hold on the better prize you’ll get in the end. So, even though you haven’t hit a winner all day, if you can handle the kids alone all morning, maybe your partner will step in at lunchtime and you’ll get the whole afternoon off? Make your moves at the right time Playing a short stack in a tournament is just like holding on to the mid-morning snacks; the blinds keep going up, and so do their hunger levels. Wait too long to make your move and you risk getting knocked out (literally). Don’t hit the bottle as soon as things start going south Try to wait at least until lunchtime. — So, the next time you’re bluffing your kids that you know how to do long division, consider some of the other poker skills you could be working on at the same time. The post 9 Poker Skills to Practise While You Homeschool Your Kids appeared first on Cardplayer Lifestyle Poker.
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Comment on Compulsive gambler just can’t win by TheLawToday
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A federal judge in New Jersey has issued the most complete and comprehensive judgment ever about whether a compulsive gambler can sue a casino.The short version of her 10-page-long legal analysis: “No.”Arelia Margarita Taveras, a disbarred lawyer, sued most of the casinos in Atlantic City, as well as many of their owners and employees.She alleged that “the Defendants facilitated Plaintiff’s gambling addiction and induced her to gamble away money belonging to her and others . . .” She pleaded 12 separate causes of action, including negligence, negligent and intentional infliction of emotional distress, breach of contract, unjust enrichment, and violations of the federal racketeering statutes and the Bank Secrecy Act.Some of Taveras’s claims were a stretch. For example, she alleged that the casinos owe her money because they failed to report her cash transactions of more than $10,000. The problem is that even if a casino does fail to file its required reports, that does not give a player the right to sue.But raising every possible claim required U.S. District Judge Renee Marie Bumb to examine every possible legal theory a compulsive gambler could have.Judge Bumb is a federal judge, so she is free to interpret federal statutes, like the Bank Secrecy Act, bound only by the decisions of higher federal courts. But many of Taveras’s causes of action were based on New Jersey state law. Judge Bumb’s role was to decide how the New Jersey Supreme Court would answer legal questions, which it often had never considered.Judge Bumb started with the rule that for there to be negligence, “the Court must find as a matter of law that Defendants owed Plaintiff a duty.” Taveras argued that casinos have a duty to keep their premises safe, and “that her continued gambling was an unreasonable danger foreseeable to Defendants.”Judge Bumb focused on New Jersey’s “extraordinary, pervasive and intensive regulations over virtually every facet of casino gambling.” Her conclusion: If the state had wanted to impose a duty on casinos to rescue compulsive gamblers from themselves, it would have said so.Judge Bumb similarly rejected Taveras’s request to create a duty somewhat like that imposed on bars to not serve drinks to obviously drunk patrons. “Plaintiff’s theory would, in effect, have no limit . . . [it] would impose a duty on shopping malls and credit-card companies to identify and exclude compulsive shoppers.”One of the more interesting parts of the Opinion was Taveras’s claim that gambling is an “abnormally dangerous activity.” Looking at cases such as dumping toxic waste, Judge Bumb concluded: “Needless to say, gambling can indeed be a safe activity, gambling is common, and state-regulated casinos are not inappropriate locations for gambling.”The Opinion contains other statements that can prove useful for the gaming industry both legally and politically. In rejecting Taveras’s claims for emotional distress, Judge Bumb held, “In allowing, even encouraging, Plaintiff to continue gambling, Defendants acted well within the bounds of the community norms reflected in state law.”In dismissing the counts based on fraud, for supposedly misleading Taveras “into thinking that gambling would result in high returns and rewards,” Judge Bumb ruled, “Plaintiff fails to identify with particularity (by quoting, for example) even a single falsehood or misleading statement . . .”There is no doubt that compulsive gambling can destroy lives. But the legal problem for compulsive gamblers is that the decision by a state to legalize gaming means the state has consciously weighed the pros and cons.So long as card clubs and casinos, and their executives, obey the rules, they should not be legally responsible for the harm compulsive gamblers do to themselves.© Copyright 2011. Professor I Nelson Rose is recognized as one of the world’s leading experts on gambling law and is a consultant and expert witness for players, governments and industry. His latest books, INTERNET GAMING LAW (1st & 2nd editions), BLACKJACK AND THE LAW and GAMING LAW: CASES AND MATERIALS, are available through his website, www.GAMBLINGANDTHELAW.com.
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Elliott hopes for Tiger green light
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Gordon Elliott admits it will be disappointing should Tiger Roll not run in the Randox Grand National after being allotted 11st 9lb - but underlined the final decision will rest with owner Michael O'Leary.The diminutive 11-year-old was denied the chance to win the race three times in a row - something not even Red Rum managed - by the Covid-19 pandemic, but Elliott is training him to peak on April 10. However, it has been well documented that O'Leary and his brother Eddie felt he needed plenty of help from handicapper Martin Greenwood for him to stand any chance of winning the race again, warning he would not run if he was rated "in the 160s or 170s".Tiger Roll won in 2018 from a mark of 150 and defied a 9lb rise 12 months later. This year he is off 166, despite pulling up on his last appearance at Cheltenham in November."He has got 166 and he won off 159 two years ago when the race was last run. He seems in good form at home and we are looking forward to the race," said Elliott. "You are always hoping you are going to be a couple of pounds less than what you have been given, but to be honest we will just smile and take it. "I have to concentrate on training the horse and I just hope his owner lets the horse run in the race for the public. Everyone will be looking forward to seeing the horse run again in the Grand National, but Michael will make that decision. "It will be disappointing for everyone if he doesn't turn up, but as you know he makes the decisions. He is 7lb higher than what he won off before, but it is probably fair enough."If you look at him he is not the biggest horse in the world, but he really seems to enjoy those fences."Regarding his run in November, Elliott said: "He made a mistake the last day at Cheltenham and he was lame after the race, but thankfully he is OK now."We injected his stifles behind and thankfully he is back sound and moving very well and we are very happy with him at the moment. We will just keep our heads up and hopefully he will be OK for the rest of the season."He is in the Boyne Hurdle at the weekend, but the ground is very soft, so we might not run him. If it isn't too bad he will run, as he has run in it the last two years."He is in good form and if the ground is right for him we would like to run him as it's a race he has won before."When contacted on Tuesday, Eddie O'Leary said: "We've said all we're going to say on the matter and will be offering no further comment."Elliott has 15 other entries, but that has already been slimmed down by the news Delta Work is out for the season and the likes of Aforementioned, Monbeg Notorious and Roaring Bull are highly unlikely to make the cut.Of his other hopefuls he added: "I would say I would hopefully run Presenting Percy (11st 9lb). He has had a little setback, but hopefully I will have him back for the National. Tiger Roll, The Storyteller (11st 8lb) and Alpha Des Obeaux (10st 9lb) will all hopefully go."I thought one down at the bottom with 10st 6lb could be very well handicapped, a horse called Milan Native. He has had a wind operation since his last run and he is one I am looking forward to for the Grand National this year."Three horses are weighted 1lb higher than Tiger Roll - Nigel Twiston-Davies' Bristol De Mai, Tiger Roll's Cheltenham conqueror Easysland and Gold Cup runner-up Santini.Magic Of Light, second to Tiger Roll two years ago, has 10st 13lb, Ladbrokes Trophy winner Cloth Cap has been given 10st 5lb while Welsh National winner Secret Reprieve needs a little bit of luck to secure a place as he is on 10st 1lb.
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Colonial Downs Proposes Casino Resort in Dumfries
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Rosie’s Gaming Emporium opened doors on January 8. It is a 19,000-square-foot gaming center with 95 video slots, located in the Triangle Shopping Center in Dumfries. Colonial Downs, the property’s owner, now proposes another building, which is a massive $389 million casino resort on the grounds of Potomac Landfill, a debris junkyard on the edge of town. The future facility would be called “The Rose” and would be the first in Virginia with this size, providing such gaming options. According to the plan for “The Rose”, the facility will consist of 50,000 square feet of gaming space, a 250-seat sports bar, as well as other bars and restaurants, 200 hotel rooms, a theater with 1,500 seats and 7,000 square feet of meeting space. Colonial Downs, which owns Rosie’s and operates a racetrack in New Kent County near Richmond, as well as four other Rosie’s emporiums across the state, will pitch its idea today during a 7 a.m. Dumfries Town Council meeting. The new facility is hoped to bring a lot of profit to the town. It is expected to create 640 jobs that pay $15 an hour wage. 96 managers will be hired to work at The Rose and they will make an average of $70,000 a year. According to Colonial Downs, the new casino would generate $11.3 million a year in new tax revenue for Prince William County and nearly $80,000 a year for Dumfries. If the pitch is accepted, construction of the new casino will start in August this year, which means that Potomac Landfill will be closed 11 years earlier than planned. The casino will take 22 acres of the property with 79 acres remaining that will be converted into a park with sports fields, trails and open space. The town documents stated that the park would open in December 2022 and the casino would open only a month later. This is if everything goes according to plan. The Potomac Landfill The town agreed with the landfill in 2016 to close the facility. The closing date was set for 2032. At that time, the town planned on turning the site into a public park. The problem for the landfill started in 2011 when the neighbors and drivers on the Interstate 95 complained of sulfur smell. It was permeated the surrounding area so the facility needed to shut down. Rosie’s Gaming Emporium is the first gaming facility to open its doors in Northern Virginia. Since its opening, more than 21,000 people have visited the gaming parlor in the shopping center. The property has donated more than $75,000 to charity since it started operating and has created 100 jobs for the locals. Its establishment was made possible by the legalization of gambling in Dumfries in November 2019. A citywide referendum passed with more than 60% of the vote, following an extensive advertising campaign by Colonial Downs. Source: “Resort casino proposed to open in Dumfries in January 2023”, Potomac Local, January 15, 2021
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GGPoker Adds More Variety to No-Strings-Attached “Daily Freebie” Promotion
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Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded. During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls. All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes. The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase. “GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker. “We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.” For existing players, Daily Freebie is available immediately—just log in and claim. If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses. How the GGPoker Daily Freebie Promotion Works The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021. One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin. This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.* Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded. The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon. Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge. As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes. The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie. Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison. The overall feedback for the new tournament format has been very positive, as outlined by Burke. “Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.” Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February. The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.
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Thousands of jobs available at tribal casinos
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With millions of Americans out of work, the first sign of a recovery has to be in new jobs coming on the market. The tribal gaming industry is doing its part, with several operators posting new jobs in the past few weeks.Seneca Gaming Corporation has lots of jobs available at the Seneca Niagara Resort & Casino in Niagara Falls and Seneca Buffalo Creek Casino in downtown Buffalo. The operator will be hosting a job fair for open positions on February 25 between 10:00am and 6:00pm.“Even with the changes and challenges everyone has gone through over the past year, Seneca Gaming Corporation has remained one of the largest employers in Western New York, and we are excited to be growing our team across a variety of departments,” said Meghan Smith, Seneca Gaming Corporation’s vice president of human resources. “We truly believe that the time we spend at work should be rewarding, fulfilling and fun. That’s how we approach our jobs every day. If people are looking an opportunity in that type of environment, we are ready to talk to them.”Attendees can check out what’s on offer in person or virtually, but should be ready for an interview at a moment’s notice.On the other side of the country, the San Manuel Band of Mission Indians are also on the look out for fresh talent. That operator has more than 500 jobs to fill, with as many as 2000 coming for the rest of the year. They’ll be having their virtual career fair on February 18 from 9:00am to 4:00pm.“The expansion of San Manuel will offer an economic boost to the local job market at a time when it is really needed,” said Brigitte Saria, Chief People and Infrastructure Officer. “Our efforts to boost the local economy are guided by our commitment to ensuring our employment process and work environment follow leading health and safety standards.”The Chukchansi Gold Resort and Casino in Coarsegold, California are also hiring. The tribe is looking for 50 full-time and part-time positions, and will have a job fair on February 23 from 10:00am to 1:00pm.Add those jobs to the 150 that Oneida Nation Enterprises were offering as of last week, and there’s a lot to be hopeful for about the future of the economy, and particularly that of tribal gaming.Connecticut tribes close to new dealGovernor Ned Lamont wants sports betting in his state, and he needs a new deal with the tribes to get it done. He used his budget address to emphasize the push:“My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age. And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest [of] the entire state.”Construction resumes at Four WindsThe Pokagon Band of Potawatomi Indians’ contractor recently resumed building a hotel at Four Winds South Bend Casino. Construction slowed down significantly due to Covid-19.The new 23-story hotel was originally due to be completed this year. But with construction crews only working on the foundation now after a 10-month delay, maybe 2022 seems more accurate.
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Pros Of Being A Professional Poker Player
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Being a professional poker player is a daring as well as exciting decision. If you’re successful at the game and want to quit your day job to become a poker pro, it’s an enticing opportunity. However, be warned: Poker strategies and rules are difficult to work, that isn’t for everyone. If you consider taking a risk to become a professional poker player, you should please ensure that it is an educated choice.  Here are some pros of becoming a professional poker player that might encourage you to take the next step!  Professionally Pursuing What You Love One of the most prevalent desires in the world is to do something that you love professionally. For anyone in the poker community saying that there’s profit in this, they’re certainly not doing it only for the money. They love the game and have passion for it. For those who don’t have that, must understand that it is a skill game and requires practice to get better. This is what encourages them to put in the research time required to excel and achieve success through the downtrends. Also Read: Advantages of Becoming a Professional at Poker Self Determination And Versatility Poker players set their own schedules which is a great thing for any professional in any field of work or sport. To stave off poker exhaustion and keep you going, getting this independence will go a long time away. Also, you’ll only be accessible to yourself. Versatility is something that is quite limited in a number of professions nowadays and there’s nothing quite like poker tournaments when it comes to versatility. That’s not to suggest, of course, that it’ll be straightforward. The assumption is that when you do so, no-one will be blowing down your neck. Earning Big Money There is still a lot of profit to be gained by playing online poker if you can achieve a high level of experience. In terms of rake and playing rewards, there have been a few improvements in the market in recent years that have limited online poker’s profitability, but it is still possible to obtain a decent income playing poker game. Getting in and getting out of micro stakes is one of the greatest obstacles facing emerging online pros these days. In present-day games, the high rake and low rakeback eat away at the winnings of a micro stakes player, making it difficult for them to achieve a good score overall. On the other hand, live poker has been and is likely still a highly lucrative enterprise for professional players. The live player average is much lower than the online player estimate. This may be because, in casinos, live poker is practiced and thus encourages individuals who play poker to bargain instead of because they are successful at it. Or it could be because of live poker’s social aspect. It’s a mix of both, perhaps.  For more interesting articles about poker or poker news, keep reading PokerShots!  Post Views: 49
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Women’s CL last-16: Chelsea draw Atleti; Man City vs Fiorentina
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Chelsea have been drawn against Atletico Madrid in the Women's Champions League last 16 while Manchester City face Fiorentina.Both WSL sides will play their home legs first, between March 3 and 4, with the away trips scheduled for March 10-11. Holders Lyon, who have won a record seven titles and made it five in a row last season, face Norwegian side Brondby.Full draw as follows: Wolsburg (GER) vs LSK Kvinner (NOR) Barcelona (ESP) vs Fortuna Hjørring (DEN) Rosengård (SWE) vs St. Pölten (AUT) BIIK-Kazygurt (KAZ) vs Bayern München (GER)Manchester City (ENG) vs Fiorentina (ITA)Sparta Praha (CZE) vs Paris Saint-Germain (FRA)Lyon (FRA) vs Brøndby (DEN)Chelsea (ENG) vs Atlético de Madrid (ESP)More to follow....This is a breaking news story that is being updated and more details will be published shortly. Please refresh this page for the latest updates.Sky Sports brings you live updates as they happen. Get breaking sports news, analysis, exclusive interviews, replays and highlights.Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favourite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, Netball and get the latest transfers news, results, scores and more.Visit skysports.com or the Sky Sports App for all the breaking sports news headlines. You can receive push notifications from the Sky Sports app for the latest news from your favourite sports and you can also follow @SkySportsNews on Twitter to get the latest updates.Watch the Women's Football Show on Friday at 6pm on Sky Sports Football.
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Pearl Legend Hold and Win Slot Review
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Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.
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Did the next Macau bubble just start two weeks ago?
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
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