Earlier this year, authorities jailed «junket king» Alvin Chau, who once led an industry that enticed wealthy gamblers from China's mainland with perks like VIP rooms and easy credit, for running an illegal multi-billion-dollar gambling ring. With «Westminster» spires looming above and «Big Ben» tolling in the background, university graduate Li Junkai from China's Hebei province tested legalised betting for the first time – and promptly lost around HK$100 ($13).

Footfall in Casino supermarkets was up 4% over the past four weeks, the company said. Casino's Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer's stores. They went back to work on Sept. 27 after negotiators reached a tentative agreement. Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on Oct. Film and television writers had walked off the job in May over compensation, staffing and residual payments, among other issues.

«Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan,» CEO and controlling shareholder Jean-Charles Naouri said in a statement. The retailer, which is now France's sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too.

Now you have a more reasonable approximation of the stock market. 1) Yes, there's an element of gambling, but- Imagine a casino where the long-term odds are rigged in your favor instead of against you. Imagine, too, that all the games are like black jack rather than slot machines, in that you can use what you know (you're an experienced player) and the current circumstances (you've been watching the cards) to improve your odds. 25 to obtain from a commercial court the start of an accelerated safeguard procedure under which it could approve the plan with the support of secured creditors and compel reluctant creditors to follow.

Casino reiterated it had until Oct. Casino will formally change hands at the end of March next year. The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Thursday's announcement finalizes a July agreement in principle which called for 1.2 billion euros ($1.26 billion) of new money to be injected into Casino, as well as a reduction of Casino's debt by 6.1 billion euros.

Individual investors have a huge advantage over mutual fund managers and institutional investors, in that they can invest in small and even MicroCap companies the big kahunas couldn't touch without violating SEC or corporate rules. On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors. Teamsters union workers at United Parcel Service ratified a new five-year contract in August, a deal that raises pay, eliminates a two-tier wage system for drivers, provides another paid holiday and ends forced overtime.

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