China’s central bank declares all cryptocurrency transactions illegal

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    The Terre Haute project has faced turmoil since early 2020 when state casino officials began investigating Spectacle Entertainment and then-CEO Rod Ratcliff after the filing of federal charges of illegal political campaign contributions involving a longtime Ratcliff business partner, former Spectacle vice president John Keeler.

    Nov 18 (Reuters) – Britain’s Playtech said it has received a takeover approach from a group led by former Formula One boss Eddie Jordan, the third such interest in the gambling software maker, setting up a potential bidding battle.

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    JKO – controlled by Jordan and Keith O’Loughlin, a former executive at U.S. Slot Online machine maker Scientific Games – confirmed in a separate statement it was evaluating making a competing offer to buy Playtech.

    The announcement sent cryptocurrencies tumbling, with Bitcoin plunging below the $42,000 level before stabilizing, while Ethereum, the second largest cryptocurrency, tumbled more than 10% to below the $2,800 mark. Global cryptocurrencies have seen volatile fluctuations this year partly driven by China’s regulations as Beijing seeks to clamp down on the industry.

    The other applicants included Hard Rock International, which had an agreement to operate a $125 million casino in Terre Haute before the state commission voted in June against renewing the casino license because the ownership group hadn´t hired an executive team or secured full financing after more than a year.
    Florida-based Hard Rock in August took over ownership of a new $300 million casino in Gary from Indianapolis-based Spectacle Entertainment, the company entangled in the misconduct investigation.

    The approach by JKO Play Ltd follows one from Playtech’s No.2 shareholder Gopher and a 2.1 billion pound ($2.8 billion) offer by Australia’s Aristocrat Leisure, which Playtech’s board has recommended to shareholders.

    Churchill Downs’ selection comes after the Terre Haute project was derailed amid an investigation into allegations of criminal and financial misconduct against top executives in an ownership group that was originally awarded the casino license in 2019.

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    “We are continuously working to enhance user protection features within our apps, and also have regular cooperation with relevant government agencies to ensure regulatory compliance. Our apps remain functional and available for download,” the company said.

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    Chinese regulators have over the past year mounted a wide-ranging crackdown on the country’s tech companies, seeking to dismantle some of the industry’s long-held practices after accusing them of monopolistic behavior and infringing user rights.

    The actor also starred in Star Trek: The Next Generation and several subsequent films as Geordi La Forge, the chief engineer of the USS Enterprise-D who is blind and wears a special visor to allow him to see.

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