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Daily Archives: January 5, 2022
Junior-year opt-outs: Will Ja’Marr Chase and Micah Parsons be trendsetters? – Yahoo Sports
Posted: January 5, 2022 at 8:44 am
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The NFL Defensive Rookie of the Year is almost assuredly going to be Dallas Cowboys linebacker Micah Parsons.
The NFL Offensive Rookie of the Year very well may be Cincinnati Bengals wide receiver JaMarr Chase (unless New England Patriots quarterback Mac Jones wins it).
What do Parsons and Chase have in common, besides having brilliant first seasons?
Neither played college football in what should have been their junior seasons. Citing COVID-19, both Parsons and Chase sat out the 2020 college seasons at Penn State and LSU, respectively.
Instead they turned to individual training and took extra time to prepare for the NFL draft process and eventually their professional careers. NFL rules require players to be three years out of high school before becoming draft-eligible. They established themselves as bona fide prospects in their first two college seasons.
Chase went fifth overall to Cincinnati, where he has caught 79 passes for 1,429 yards and 13 touchdowns in helping the Bengals win the AFC North. Parsons went 12th overall and his 13 sacks and 84 tackles have helped the Cowboys win the NFC East.
These are two of the biggest stars in the NFL. Already. Parsons has even merited discussion as Defensive Player of the Year. While it is possible another season of traditional college football would have prepared them even more, there is no telling that. And, clearly, they arent any worse for wear.
In fact, missing a season of pounding and practice, it could be argued, helped them be fresher for this season. Or perhaps they actually benefited by stepping away from team-centric coaching and game preparation to focus on individual development.
Yes, thats a cold, bottom-line concept that ignores the joys of actually playing the game or competing as part of the team but this is a business.
All of which brings up an intriguing question that was discussed on this edition of the College Football Enquirer: Could star college players, secure in their draft status as sophomores, begin sitting out their junior seasons?
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No college fan wants to see that. No coaches or anyone else either. And since both Chase and Parsons stepped away from their teams during the COVID-impacted 2020 season, this doesnt seem like much more than a blip.
Still, some young player or perhaps his family, agents and others is going to notice that the NFLs two best rookies didnt need college football like everyone assumed great players needed college football.
It wasnt long ago, after all, that the idea of a player opting out of his teams bowl game was considered shocking and taboo and something NFL teams would hold against them. Now its commonplace for top talent to protect themselves from injury and get a jump on training for the combine and pro days.
Could, to use as an example, Ohio State wide receiver Jaxon Smith-Njigba, who just lit up the Rose Bowl with 347 receiving yards and three touchdowns, look at Chase and decide he doesnt need his third year in Columbus to become a star? Would he thus just start training for the 2023 draft?
Could, to use as an example, Alabama linebacker Will Anderson, whose 17.5 sacks and 97 tackles has helped push the Crimson Tide to the national title game, look at Parsons and decide to follow that path, not the more traditional one?
There is no indication either one will. In fact, both are expected back for their junior seasons even though both have done more than enough to be selected in the top 10 whenever they turn pro.
But at some point, will someone do that? If history is an indication, probably.
There was a time when basketball players skipping their senior season of college was considered a shock. Eventually though the NBA was plucking future Hall of Famers (Kevin Garnett, Kobe Bryant, LeBron James) out of the prep ranks. The NBA now requires a player to be one year removed from high school.
Football is a different sport and the NFLs three-year rule has been good for both the game and the players, who generally need time to physically develop for the violence, demands and challenges ahead.
Still, sometimes guys are ready early. Or in this case, have shown enough that risking further injury, poor play, coaching malfeasance or anything else isn't in their best interest.
Parsons and Chase were two of those players. Heres guessing they wont be the last.
Also on this episode of the College Football Enquirer:
Kirk Herbstreit and Desmond Howard ignite an opt-out debate.
Nick Saban discusses an expanded playoff.
Kentucky and Arkansas cap big-time seasons in the SEC.
Left for dead in August, the Big 12 has a big season and a promising future.
Ohio State flexes in the Rose Bowl.
What to make of Marcus Freemans Notre Dame debut.
A private parts Peoples Court.
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Bitcoin mining has risks that are difficult to price, Cipher Mining CEO says – Yahoo Finance
Posted: at 8:44 am
Cryptocurrency investors should keep track of various costs associated with Bitcoin mining, Tyler Page, CEO of Bitcoin mining company Cipher Mining (CIFR), said in a Wednesday interview with Yahoo Finance Live.
2022 for the entire industry of Bitcoin mining, I think is going to really be about execution, said Page.
Cipher Mining, which says it's dedicated to providing and securing the vital infrastructure necessary for the Bitcoin network to flourish into the future, made crypto news headlines this past October after purchasing several dozens of thousands of next-generation bitcoin mining hardware from Bitfury, a Bitcoin Blockchain infrastructure provider. The group is also backed by larger investors like Fidelity Management and Research and Counterpoint Group.
Opportunities are boundless this year, but costs also will present a significant challenge to mining operations looking to capitalize, Page said.
The big differentiator, and I think what the investing world needs to start to appreciate to differentiate among these miners, is what kind of cost discipline do they have on the main inputs?, he said. [The main inputs including] cost of power, which is the biggest OpEx cost input, and the cost that you pay for compute power or for mining rigs themselves, which is the biggest CapEX expenditure.
Mining operations attempt to generate Bitcoin at a rate lower than market prices. Its crucial, Page said, to account for costs generally overlooked by investors to calculate a more accurate picture.
The story of a miner is that you're effectively manufacturing Bitcoin for a much lower price than the market price like any commodities E&P type business, he noted. So in addition to the variable costs, both the operating cost for operating your facilities and paying for power or paying for hosting you also need to think about depreciation and amortization of the capital expenditure you've had.
Bitcoin miners had an eventful year, to say the least, in 2021. China enacted a series of crackdowns on mining operations throughout the year, criminalizing it throughout the country by the years end. Even with the government restrictions, experts estimate that as much as 20% of the worlds mining is done in China (down from peaks of 65%) through underground mining.
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A general view shows the Berlin geothermal plant of La Geo Electrical Company, where the Salvadoran government installed a Bitcoin mining facility for the use of bitcoin as legal tender, in Alegria, El Salvador November 13, 2021. Picture taken with a drone. REUTERS/Jose Cabezas
Mining in the U.S. has increased significantly over the past few years. In October, the U.S. overtook China as the country with the highest amount of crypto miners in the world. Research suggests that approximately one-third of bitcoins hashrate is in the U.S., representing a 400% increase from last year.
Ihsaan Fanusie is a writer at Yahoo Finance. Follow him on Twitter @IFanusie.
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Najee Harris’ meaningless TD was a fantasy football championship winner, and loser, for some – Yahoo Sports
Posted: at 8:44 am
The game was over. The Cleveland Browns were out of timeouts. The Pittsburgh Steelers had won.
With only 51 seconds remaining, the Steelers up 19-14 and facing third down, all running back Najee Harris had to do was gain two yards to end the game. He ended up gaining much more than that, breaking outside for a 37-yard touchdown to provide a garbage-time exclamation point for Ben Roethlisberger's likely final game at Heinz Field.
It was actually in the Steelers' interest for Harris to fall down as soon as he gained the first down, as they only had to kneel out the clock from there. Scoring gave the ball back back to the Browns with a chance to score, convert an onside kick and score again, though that obviously wasn't happening with how Baker Mayfield was playing.
Harris' touchdown was completely meaningless ... for the Steelers. For some people watching at home, however, it was reason to lose their minds, for good reasons and bad.
When you're a widely owned player like Harris playing in Monday Night Football, you're going to swing some matchups. When you're a widely owned player scoring a garbage-time touchdown in Monday Night Football in the week of most fantasy football championship games, you're going to swing some championships.
In many leagues, Harris' touchdown provided a sudden 9.7 points for anyone who started him, more than enough to change a game. It was the final run of a massive games for the Steelers rookie, with 188 rushing yards and a touchdown on 28 carries plus three receptions for 18 yards.
For some, that touchdown was a thrilling victory:
And for others, well, it doesn't get much worse than that:
It doesn't get much more fantasy football than this.
Photo: BreakingT
$32 at BreakingT
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Joe Judge goes on bizarre, dubious rant after Giants post worst passing performance of the century – Yahoo Sports
Posted: at 8:44 am
The New York Giants lost their fifth straight game by double digits on Sunday, and this was the ugliest of them all.
Facing the 5-10 Chicago Bears, a team widely expected to fire their head coach after this season, the Giants weren't just bad on offense, they were historically putrid. With starting quarterback Daniel Jones shut down for the season, back-up Mike Glennon finished the day 4-of-11 for 24 passing yards, two interceptions and four fumbles (two lost).
Of Glennon's four completed passes, two gained yards. Throw in the four sacks allowed by the Giants offensive line for a total loss of 34 yards, and the Giants passing game gained a grand total of -10 yards.
That is the fewest passing yards gained in a single NFL game since the then-San Diego Chargers "gained" -19 yards in 1998 (Ryan Leaf was involved), according to Stathead. It's also the first time since 2009 that a team finished in the red.
The Giants ended up losing 29-3. They went into the game with a clear handicap, but teams have lost their starting quarterbacks before and, you know, gained positive yards. Between that performance through the air, an embarrassing gaffe on a kickoff return and some other odd decisions, Giants head coach Joe Judge had plenty to answer for after the game.
Then he took things in an even weirder direction.
When asked by a reporter why fans should have faith that he is the person who can right the ship for 4-12 Giants, Judge reportedly launched into a 10-minute rant in which he claimed, among other things, that he frequently receives calls from players who were on the Giants last year and are now making more money playing elsewhere.
The apparent consensus among these players is they really wish they were back in New York. You can read the full transcript here, including this claim:
"I can tell you were got more players here who are going to be free agents next year, all right, theyre coming in my office every day begging me to come back. I know that. I know that. I know players that we coached last year still calling me twice a week telling me how much they wish they were still here even though theyre getting paid more somewhere else. Ok? So I know weve got the right foundational pieces right there. "
Story continues
Now, we're not ones to openly doubt an NFL head coach clearly going through some things, but "NFL players openly saying they want less money" is the kind of claim that can't just be passed along without any scrutiny.
ESPN's Bill Barnwell was one person who sat down and questioned if what Judge was saying was true, and the results were ... interesting.
Basically, of the 34 players who appeared on the Giants active roster last year and are no longer part of the team this year, the only player who could fit Judge's description of having signed elsewhere for more money is defensive tackle Dalvin Tomlinson, who left the Giants this offseason on a two-year, $22 million contract with the Minnesota Vikings.
So unless Judge fudged his criteria a bit or Tomlinson is the kind of person to make multiple calls to an ex-head coach in the middle of the season, Judge's claims seem to be along the lines of a girlfriend from Canada or a dad who works at Nintendo.
Making the Giants' free fall all the more interesting is the report that Judge (and Jones) will be steering the Giants in the 2022 season as well. That was reported two weeks ago, before two more embarrassing losses for the Giants.
There is a very good chance Judge's job security is tied to general manager Dave Gettleman's job security, and both keep looking worse as New York looks overwhelmed on a weekly basis with little hope for the future. Even Scott Simonson, who played for Gettleman when he was the GM of the Carolina Panthers and then joined him with the Giants, is publicly teeing off on his old boss.
This could very well be an offseason of change for the Giants. If it is, the calls Judge gets could suddenly become very real.
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NFL betting: Ja’Marr Chase becomes new favorite to win offensive rookie of the year – Yahoo Sports
Posted: at 8:44 am
Entering Week 17, there wasn't much talk about who would win offensive rookie of the year. Mac Jones was a -500 favorite to win the award and it seemed all but locked up. It would have taken something magical to pry the award out of the hands of Jones.
The Cincinnati Bengals had a massive come-from-behind win to knock off the Kansas City Chiefs. As a result of the win, the Bengals clinched the AFC North. The main reason for the win? Ja'Marr Chase posting a ridiculous stat-line that featured 11 receptions on 12 targets, 266 receiving yards and three touchdowns. Following the performance, Chase is now a -200 favorite to win offensive rookie of the year.
There are only two players still on the board at BetMGM for offensive rookie of the year. As mentioned above, Chase is the new favorite. As a result, Mac Jones is now a +170 underdog to win the award. If you hold betting tickets on guys like Trevor Lawrence, Najee Harris, Devonta Smith or Justin Fields, you might as well set fire to them.
As the favorite, Chase is certainly deserving. With his video game-esque performance Sunday, Chase set a new record for rookie receiving yards in a season. His 1,429 receiving yards broke the record set by former college teammate Justin Jefferson just last season.
It's been an up and down season for Chase, which should be expected from a rookie. He took the league by storm, compiling 754 receiving yards and 6 touchdowns in his first seven games. He then hit a bit of a rough patch as teams figured him out, posting just 204 yards and 2 touchdowns over his next five games. Chase has regrouped over his last four games, posting 471 yards and 5 touchdowns.
Ja'Marr Chase of the Bengals is the new favorite to win offensive rookie of the year. (Dylan Buell/Getty Images)
For Mac Jones, it's been a bit of a different story. He's certainly been very solid in his freshman campaign, leading his Patriots back to the playoffs after they missed the postseason last year.
Despite being the betting favorite for most of the season, it always felt like Jones was in that role due to a process of elimination. Trevor Lawrence has been a disappointment of epic proportions. Zach Wilson waited until the last few weeks to show flashes of his ability. Justin Fields is amongst the worst statistical quarterbacks in the league, though he's had very little support around him. Trey Lance has spent the majority of the season on the bench. The second best rookie quarterback might be Davis Mills, a third-round pick with a 2-8 record as a starter.
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Jones' numbers are solid, but nothing to write home about. He doesn't compare favorably statistically to recent rookie quarterbacks such as Justin Herbert and Kyler Murray's rookie seasons. Even Baker Mayfield had a better rookie season statistically a few seasons ago despite starting just 13 games.
It felt like Jones was the favorite because there was no other legitimate choice. If someone did something spectacular, he was always prone to being usurped. Chase finally did something amazing in Week 17.
When analyzing the MVP prospects of players like Jonathan Taylor or Cooper Kupp, we often warn that it's very unlikely that a non-quarterback wins the award. Thankfully, that's not really the case with offensive rookie of the year.
Sure, the last two winners have been quarterbacks. Justin Herbert won the award last year over Justin Jefferson, but Herbert's season was statistically much superior to the season Mac Jones is having this year.
Since 2013, the offensive rookie of the year has been won by three quarterbacks, four running backs and one wide receiver. Ja'Marr Chase looks to become the first wide receiver to win the award since Odell Beckham Jr. in 2014.
There's recent precedent of a skill position player winning the award over a quarterback. In 2018, Baker Mayfield broke the rookie touchdown passing record at the time in just 13 starts. However, that wasn't enough for him to win the award over Saquon Barkley.
I probably would not bet on Chase to win the award at his current -200 odds. If you're weary of a potential quarterback bias, Jones is not a terrible bet at +170.
It's also worth noting that one week remains in the regular season. There's a good chance the Bengals have nothing to play for in Week 18, so benching Joe Burrow for all or parts of the game is not out of the question. This would obviously impact Chase should he be catching passes from Brandon Allen.
If Jones has another solid game in a win over the Dolphins and Chase posts a dud in Week 18, does that change the outlook for this award? It very well might.
Remember, two days ago, Jones was -500 to win this award and Chase was +350. After a performance where Jones completed 73% of his passes and threw three touchdowns in a game where his team posted 50 points, Jones is now an underdog. This league.
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Bella Thorne shares intention to say ‘I will’ in the new year: ‘I will stop judging myself so harshly, I will be happy’ – Yahoo Life
Posted: at 8:44 am
Bella Thorne is sharing her affirmations for the new year with her 25 million Instagram followers. (Photo by Shy McGrath/WireImage)
Bella Thorne is all about getting things done.
On Tuesday, the 24-year-old actress and singer shared several photos of herself rocking a lavender pant set paired with a black faux fur hat. The post also featured a few selfies where her fiery red hair framed her face. Thorne used the caption to encourage her 25 million Instagram followers to strive for more in the new year.
"Stop saying 'I wanna.' Start saying 'I will,'" she began. "I will be healthier this year I will take more care of my body. I will drink more water. I will pay more attention to my negative mental habits. I will work to change those. I will stop judging myself so harshly. I will be happy. I will work to understand what pushes my artist creativity further into the abyss. I will take more time off I will take more time for myself, to enjoy myself, to enjoy the person I am today, I will not just think about tomorrow or the next day or the next 5 years. I will do things that push my limits. I will challenge myself. I will not let my yearning for more do my soul injustice."
Fans flooded the comments to not only praise the star's look but also her inspiring message.
"Love this mindset!" A fan said.
"You are beautiful," one commenter added.
"You're a good soul Bella," a user continued.
In an interview with British Vogue in April, Thorne opened up about the importance of self-care, especially in the age of social media, which can make many feel "less than."
"We wonder, 'Why aren't I there? Why don't I have this?' So I have a board with photos of what I want my year to look like goals, things that I think I can do and things I've no idea if I can but it all goes on. At the end of the year, when you get to check off things, you feel so liberated because you realize, 'Yes, I work hard, yes, I bust my a** every day, yes I am in a good place,'" she explained.
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Pac-12 commish ready to go to 8 conference games and start annual football series with Big Ten – Yahoo Sports
Posted: at 8:44 am
Pac-12 commissioner George Kliavkoff would like the teams in his conference to play one fewer conference game. That's not as easy of a change as you may think.
Teams in the Pac-12 play nine conference games per season like the Big Ten and the Big 12. Teams in the ACC and the SEC play eight games. The extra non-conference game in the SEC and ACC is an opportunity for those teams to potentially schedule a lucrative neutral site game or a home game against a weaker opponent to get a win toward bowl eligibility.
Kliavkoff recognizes that and would love for his teams to have a chance to play another non-conference game. But the way college football teams create their schedules years and even decades in advance makes that change hard to implement. If the Pac-12 announced that it were going to an eight-game conference schedule for its teams in 2023 or even 2024, those teams would have a difficult time finding opponents with most teams' schedules locked in for the near future.
Were not ready to announce anything, but Ive been public about the fact were ready to go from nine conference games to eight immediately," Kliavkoff told the Los Angeles Times. "The issue is everybody else is booked. We would not be able to fill those games in if we decided to do that. The fastest path to get there is if the Big Ten decided to do the same thing, and then we could just schedule 12 games against the Big Ten, and wed be happy to do that for next season. The Big Ten is not ready to make that move yet, and its not my place to put them on a timeline to do that. Theyre in the middle of their media rights negotiations. The minute the Big Ten is ready to play 12 games against us every year, were ready."
Kliavkoff made his comments about the eight-game schedule to the Times as part of a wide-ranging interview following his first football season as commissioner. The Pac-12 had one of its worst seasons in years and failed to win a bowl game in 2021. The 0-5 bowl season was capped off by Ohio State's second-half comeback in a 48-45 win over Utah.
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The Big Ten's television contracts currently expire in 2024 and the conference could be in line for more money from television networks as live sports rights continue to be some of the most valuable properties in television. Nine conference games could be a key to getting as much money as possible too. Networks like Fox and ESPN find games like Ohio State against Purdue more attractive than Ohio State against a smaller school with less appeal and alumni base.
A scheduling deal with the Pac-12 could help make eight games far more palatable, however. The Big Ten and Pac-12 historically play each other in multiple bowl games per season and have a longstanding rivalry with each other. Games like USC vs. Michigan and Oregon vs. Penn State would be extremely appealing to TV networks. We're on board if the Big Ten and Pac-12 want to make this happen sometime soon.
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Two young local heroes of the Sydney to Hobart – Central Coast News – Central Coast Community News
Posted: at 8:43 am
January 4, 2022
This years Sydney to Hobart had a very strong link to the Central Coast as local sailors Reece and Liam Woulfe were part of the crew of the Line Honours winning super maxi sail boat Blackjack.
Of course Central Coast sailors have featured prominently on the world stage for many years, with world champion Tom Slingsby maintaining strong ties with Gosford Sailing Club.
Reece talked to Central Coast Newspapers about the challenging ordeal while sailing back to Sydney. The vessel took just two days, 12 hours and 37 minutes to complete, arriving at 1:37 am into Hobart, comfortably ahead of prized favorites Law Connect and SHK Scallywag.
From the beginning of the race we knew the first 24hrs were going to be tough for us, the strong southerly favoured the other two 100fts Law Connect and Scallywag said Reece
With the breeze dropping off along the coast of Tasmania in the forecast our team knew we just had to keep the distance between us and the leading boat as small as possible, we didnt expect Blackjack would be leading the fleet for majority of the race!
The aggressive sea state along the coast line made for a bumpy ride but once we sailed across the bass strait we finally hit smoother water and thats where we began to put some good distance between us and the other boats
Its been an incredible experience being apart of the Blackjack team over the past 2 years and to be surrounded by some of the most experienced and talented sailors Australia has to offer has been a privilege.
This was my first Hobart and to do it along side one of my best mates Liam Woulfe just made the win that much sweeter! said Reece
Blackjack will sail back to Sydney now where we can continue to modify, improve and prepare for the next race to come.
Reece, a former Kincumber High School student will now return to work at McConaghy Boats in Gosford.
CCN
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Arizonans bet $780M on sports in September and October. The state only made $1M – Fronteras: The Changing America Desk
Posted: at 8:43 am
KJZZ
Arizona gamblers can bet on sports using apps.
Arizonans bet nearly $780 million in the first two months that the state allowed gambling on sporting events.
But all that wagering, pushed by Gov. Doug Ducey, translated to just slightly more than $1 million in state revenues. Thats because of a provision in the law he signed has the state effectively financing free games to entice people to gamble.
And if the pattern doesnt change, the state will wind up with far less than the $100 million a year in new revenues that proponents were claiming.
Thats not the only issue.
It turns out that that revenue sharing from the tribal casinos, which until this past fall had a monopoly on gaming, was less than $21.5 million for the last three months of 2021. The Department of Gaming reports that is 32% less than from the same period a year earlier.
Max Hartgraves, spokesman for the agency, acknowledged the numbers and the fact that the 2020 legislation built in five years worth of what amount to credits the gaming industry can use to offset what they owe the state. But he said the low net revenue numbers for the state are likely to be only temporary.
Its basically to jump-start the market in the state,he said of the deductions the gaming companies can take. Gubernatorial press aide C.J. Karamargin agreed.
These numbers are going to go up, he told Capitol Media Services. And he boasted of Arizona already having the fifth highest handle of wagers in the entire country.
That, however, has so far not translated into actual dollars into state coffers the prime reason behind the legislation.
Newly legalized fantasy sports wagering on made-up teams of real players also has not taken off, with the state collecting only about $24,000 in gaming taxes in its first two months.
The new reports are the first since Ducey signed legislation in August allowing the sports franchises that are being given licenses to take bets on professional and college games to give away free samples.
As adopted, the franchises or the outside firms they hire to run their gaming operations can provide free bets or promotional credits.
But the key is the law says these operators can reduce what they report in adjusted gross receipts the amount used to compute what they owe the state by up to 20% for each of the first two years they are in business to compensate them for those free bets.
That drops to 15% in the third year of gaming and 10% in years four and five. After that, write-offs are not allowed.
So, in September, the state reported $291.2 million in gross wagers, virtually all of that placed on phones and other mobile apps.
The companies paid out $258.9 million in winnings, leaving them with $31.6 million in net wagers.
But the companies also took $31.2 million in promotional credits,leaving them with about $392,000 subject to the state tax of 8% on in-person bets and 10% on mobile or just $31,393 owed to the state.
It got somewhat better in October, with $486.1 million in wagers.
But here, too, after deducting the promotional credits, that left $10.4 million in net revenues and slightly more than $1 million for the state.
Karamargin, however, preferred to focus on the gross handle rather than what wound up in state coffers. He said the Arizona numbers are incredible, given that Nevada, in that same month, had $1.2 billion in gaming handle.
Rep. Jeff Weninger (R-Chandler), who was the sponsor of the House version of the legislation, said the numbers in the reports at least those showing the level of gaming are a positive sign. It shows theres clearly demand, he said. People of Arizona are responding and are embracing this.
Phoenix Suns and FanDuel Group
A viewing area inside FanDuel Sportsbook at Footprint Center in downtown Phoenix.
So if there is all that interest, does the state need to incentivize enticements for people to gamble?
Yes, said Sen. T.J. Shope (R-Coolidge), the sponsor of the Senate version.
Im likening it to a store offering a holiday sale or something like that,he said. You need to entice people into the door to get them interested in doing something that they may have never done before.Shope said thats particularly true for online sports wagering.
This is something new for Arizona, he said.
Karamargin said he cannot say that the incentives are necessary to get people to wager on sports. Instead, he said, all he can work with is the big increase from September gaming actually started Sep. 9 and October with the $1 million in state revenues.
How do we know it would have been that without the incentives? he said.
Weninger had his own explanation.
What its really geared for is enticing the existing illegal bettors to come over to these platforms, to bring them into the legal fold, he said.
Weninger said the companies that operate the sports wagering will voluntarily begin to scale back their giveaways and enticements once Arizonans are in the habit of betting on sports.
You saw a big drop from September to October,said Weninger, with the amount of credits taken dropping from $31.2 million to $26 million. Its no different, he said, with how he operates his own restaurants, providing incentives to get new customers that arent necessary after they become regulars.
Anyway, Weninger said, it would be wrong to look at the benefits of legalized sports gaming based solely on the tax on net profits of the wagering companies, even after the promotion deductions.
I believe theres a lot of indirect revenue that comes through this, through economic development, through lots of tourism, Weninger said. And that, he said, doesnt count all the money that TV stations in Arizona are making from the blizzard of commercials promoting gambling and the free wagers.
The numbers do not include the initial $14 million in licensing fees for the operations plus the $3 million a year the state expects to get in renewals.
Weninger said he was not surprised that tribal gaming numbers are down. He said it reflects the fact that this form of gambling things like slot machines, keno and blackjack tables require physical presence.
You have to be masked up the entire time youre in there,Weninger said. So Im sure COVID is affecting that somewhat right now, and has been.
Hartgraves agreed. He said that casinos tend to cater to the older crowd, those who may be less willing to risk contracting the virus.
The tribes, however, were willing participants in the deal in hopes of eventually generating additional dollars for themselves.
In exchange for agreeing to off-reservation sports gaming, they get to operate not only more slot machines and table games like blackjack and poker but add craps, roulette and baccarat to their offerings. They, too, are able to take bets on sporting events and fantasy sports.
And rural tribes were given a big break in how much they have to share of their handle with the state.
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Playtech Live launches in the US with landmark multistate rollout – iGaming Business
Posted: at 8:43 am
Company launches new state-of-the-art Live Casino facilities in both Michigan and New Jersey.
Playtech,the worlds leading gambling technology company,has announced the launch of two state-of-the-art Live Casino facilities, one in Michigan and one in New Jersey.
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Commenting on the news, Edo Haitin, CEO at Playtech Live Casino, said:This is a landmark moment for Playtech and our development in the US and it is something we are all very excited about. We are humbly grateful for the warm welcome and support our teams have received from the Atlantic City and Southfield communities, and we are looking forward to becoming an integral part of these communities and contribute our part. The launch of the two facilities represents our core strategy of bringing our industry-leading studio standards to the US while ensuring that Playtech Lives most engaging and innovative products and technology are available to new markets and audiences. By partnering with Parx Interactive in Michigan and Bet365 in New Jersey, we have been able to enter some of the fastest growing states in the U.S. and Playtechs vision and drive for growth in these states has been well received by the local communities.
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Playtech Live launches in the US with landmark multistate rollout - iGaming Business
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