Billy Walters Received Insider Information Via ‘Bat Phone,’ Jury Hears
Billy Walters Received Insider Information Via ‘Bat Phone,’ Jury Hears Former president of Dean Foods Thomas Davis told a Manhattan federal court on Tuesday he regularly

Former president of Dean Foods Thomas Davis told a Manhattan federal court on Tuesday he regularly shared privileged insider information concerning the company with Las Vegas sports betting legend Billy Walters.
Sports Billy that is betting Walters multiple fees of wire fraudulence and securities fraud.The alleged source of insider information, his former friend, Thomas Davis, testified against him this week.
The set would communicate via particularly designated prepaid cellphones that they called their ‘bat phones,’ Davis said.
Walters is on trial accused of profiting from illegal stock market trades on Dean Foods, a company that is dallas-based one of the greatest processors of milk in the usa.
It is also alleged that Walters shared insider information, obtained from Davis, with their friends, including the golfer Phil Mickelson, that is scheduled to be called as a witness for the protection.
Innocent Meeting
Davis said that the partnership had started ‘fairly innocently’ after the pair met at a California golf course within the mid-nineties. He was happy enough to offer the stock that is occasional tip within the hope he’d get some good sports betting advice inturn, he said
But the nature of the relationship changed whenever Davis borrowed almost $1 million from Walters. After that, it ‘grew to a point where we was a digital conduit’ for inside information, he said.
‘I became indebted to him,’ he stated. ‘He became more demanding of information.’
Davis said he offered Walter business secrets via the Bat Phone for over seven years, until 2014, including earnings information and upcoming pivotal transactions.
He gave testimony this week as part of a plea discount with federal prosecutors, after admitting charges securities that are including and wire fraud.
Walters Made $40 Million on Trades
Davis initially denied involvement as he had been approached by federal agents in 2014. Authorities’ suspicions was aroused after it emerged Walters had made over $40 million on trades on Dean Foods through the years, including around $17 million between May 2012 and 2012 alone august.
The investigation was having on his family and himself after their visit, Davis threw his bat phone into a creek, he said, but later decided to come clean after he suffered a stroke and realized the impact.
‘I used inadequate judgment and I also was scared to death I wanted to cover it up,’ he said that I had made some terrible mistakes and. ‘I lied to everybody.’
Mickelson is not charged with an offense, he earned in 2012 on one of Walters’ trading tips although he did return $1 million.
Walters pleads not guilty and his lawyer contends Davis is lying.
Alabama Legislators Attempt to pass through Daily Fantasy Sports Bill
Proponents of legalizing Daily Fantasy Sports in Alabama are hoping a typically unlucky number turns their fortunes.
The state legislature is debating three different bills and if one passes, it might make them the state that is 13th the US to enable its citizens to participate in DFS.
Alabama has three separate bills in the legislature proposing that Daily Fantasy Sports be legalized. (Image: Associated Press)
Up until might 2016 residents were able to take part at sites such as Draft Kings and Fan Duel. Luther Strange, the attorney general switched US Senator, stated it was a unlawful task and sent cease and desist letters to your organizations.
Whenever someone clicked on those sites they did not see the landing page, but instead a note that said, ‘We’re sorry, but your location that is current prohibits from making deposits or playing on FanDuel.’
Fans straight away started to call their state representatives and senators to protest and urged them to take action.
Age Old Argument
The debate on DFS is whether it’s gambling or skill plus the conversation has been lively.
Sen. Tom Whatley (R-Auburn) whom is sponsoring certainly one of the bills said knowledge is key to success in the competitions. He told AL.com that it is far unique of other types of wagering.
‘To me, I don’t notice it as the same type of gambling that i am opposed to in yesteryear including the casino-type of gambling,’ Whatley stated. ‘It’s about the abilities of picking teams that are playing once an or a couple times a week. day’
Alabama people Action Program, a business funded by churches that opposes gaming of any type, is fiercely in opposition to it.
‘It’s nothing like league play or season-long play between friends and family,’ Executive Director Joe Godfrey stated. ‘This is daily fantasy activities. It’s really a big time gambling operation.’
Patterned After Neighbor’s Legislation
Associated with the three bills, HB 354 generally seems to have the most useful odds of passing. The legislation is modeled after a recently approved Mississippi law and would set up a plan that will regulate the industry.
Operators would have to pay a registration fee of $85,000 should they had more than 5,000 accounts and $10,000 if less than that figure. The revenue tax would be six per cent and businesses would have to submit annual financial audits.
Other provisions is an age limitation of 19 or older and contests could simply be on professional sports.
Casino Smoking Bad for the Body, but No Smoking Bad for company, Harrah’s brand New Orleans Says
Casino smoking inside Harrah’s New Orleans happens to be banned since April of 2015, so that as the two-year anniversary for the regulation that is clean-air, representatives for the gambling venue are revealing just how costly the ban is.
Harrah’s New Orleans would enjoy absolutely nothing more than to eliminate their no casino smoking signs, while the ban is drastically hurting video gaming revenue. (Image: smokefreecasinos.org)
Smoking is unquestionably bad for the body, but no smoking is apparently detrimental to company. That’s the story being presented by Caesars Entertainment President Mark Frissora this week in Louisiana.
Speaking during the Riverboat Economic Development and Gaming Task Force meeting on March 21, Frissora said Harrah’s New Orleans has lost almost $70 million since the ban has been implemented.
The Caesars CEO pointed to $342 million in gaming revenue in 2014, followed by $307 million in 2015 and just $273 million in 2016 during a presentation. The annual decreases represent $35 million and $34 million for a total loss of $69 million.
Caesars Entertainment is the parent company to Harrah’s. The company owns Horseshoe Bossier City and Harrah’s Louisiana Downs, both located in the northwestern part of the state in addition to its New Orleans property.
Courtyard Gaming
Since 2007, all workplaces and restaurants in Louisiana are smoke-free, but the continuing state law does not expand to casinos and bars. The Big Easy changed that two years ago.
All smoking and vaping inside casinos unlike the rest of Louisiana’s land-based and riverboat gaming venues where smoking remains legal, Harrah’s New Orleans is being forced to adhere to a city code that outlaws. Outdoor smoking cigarettes lounges were established for patrons, but income very nearly immediately left the building too.
Meanwhile, gaming income at casinos located beyond your populous city limits, the Boomtown brand New Orleans riverboat for example, has increased since 2015. ‘It’s maybe not fair because everyone else around us doesn’t have the smoking cigarettes ban,’ Frissora told the committee.
The town threw Harrah’s New Orleans a bone when it allowed the casino to include 63 slots in its smoker-friendly courtyard. But with losses totaling nearly $70 million in two years, that is not also one video gaming machine per million bucks.
However, the designated video gaming courtyard is only the initial of three set to open.
Lighting a Fire
Smoking and gambling go together like America and apple pie, and that’s why Louisiana Gaming Task Force Chairman Ronnie Jones thinks the ban is working against the purpose of having legalized gambling in New Orleans.
Harrah’s brand New Orleans has directed more than $1.2 billion in gaming taxes to the continuing state since it opened in 1999. It’s also compensated $300 million in lease payments to the populous city, and raised over $8 million for Hurricane Katrina relief.
By all accounts, Harrah’s is a huge partner that is strong New Orleans.
Harrah’s forecasts 2017 video gaming earnings should come in at $270 million, a cry that is far the $342 million it collected in 2014. ‘ I’m not a scientist, but the smoking is thought by me ban had an effect,’ Jones explained.
While supporters of the clean-air code say the health of Harrah’s workers is a lot more critical than the casino’s bottom line, Frissora explained he simply wishes a level playing field that is regulatory.
North Korea Casino Cruise Ship Invites Foreign Investors to Come Aboard
A North Korea casino ship is wanting to set sail through the Mount Kumgang tourist region to Southern Korea along with other Asian countries. The Kumgang Special International Tourism Zone is just a unique part of the reclusive totalitarian country that is charged with raising tens of vast amounts for Kim Jong Un’s federal government.
Visitors permitted to enter the country’s Mount Kumgang tourist region already arrive via ships, but now the isolated regime wants foreigners to choose North Korea casino cruise line. (Image: Carlos Barria/Reuters)
Tourism and outsider access to North Korea is greatly limited, but each year a limited number of visitors are permitted under close supervision. Mount Kumgang is one area that is such can travel, and now the united states is trying to debut a casino cruise to the location.
But in order to achieve this, North Korea is appealing to investors that are foreign trying to raise $20 million for the project.
In a proposal to possible investors in shoddy English, the nation explains, ‘We are trying to diversify international tourism at the world-renowned Mount Kumgang. Utilizing the cruise ship, we will diversify international tourism of Mount Kumgang, which is famous mountain of world.’
‘The passenger ship is loaded with various facilities to allow 1,000 people to accomplish social and travel that is safe the sea,’ the notice hypes.
Don’t expect billionaires Steve Wynn or Sheldon Adelson in the future running.
‘we strongly doubt there will be foreign investors whom are prepared to invest cash in North Korea,’ Lim Eul-chul, a professor at Southern Korea’s Kyungnam University, told London’s Financial Times.
North Behind NY Fed Heist?
According to sources talking to the Wall Street Journal, the United States believes North Korea was behind the successful $81 million cyber bank heist from the Federal Reserve Bank of New York year that is last. The funds had been swindled through the Bangladesh account, with some associated with the ill-gotten money being laundered through at minimum two gambling enterprises within the Philippines.
The WSJ says federal authorities have reason to credit the theft to North Korea while the US remains under the impression that Chinese operatives carried out the hacking.
On February 5, 2016, hackers scheduled transfers totaling nearly $1 billion from the Bangladesh Central Bank for ‘international settlements’ set to be deposited into various records throughout the world. After $81 million was successfully withdrawn, a spelling error caught the interest of Deutsche Bank and prompted the monetary institution to ensure the transaction with Bangladesh officials.
Instead of ‘Shalika Foundation,’ the recipient had been spelled ‘Shalika Fandation.’
Headed Towards War?
The eyes https://myfreepokies.com/aristocrat-pokies/ of world leaders are fixated on North Korea, as the united states is reportedly near to introducing another nuclear test. Final month, Jong Un’s military conducted its first missiles that are ballistic since President Donald Trump took office.
US Secretary of State Rex Tillerson has said the Obama management’s ‘wait-and-see’ approach is over in regards to North Korea. Jong Un has made no key about his wishes to obtain or build a nuclear weapon capable of reaching the United States.
White House Press Secretary Sean Spicer said this that the situation is ‘grave and escalating. week’ Yet another reason why foreigners that are fewn’t expected to be too keen on going in on a casino cruiseship in North Korea.
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