Illinois Governor JB Pritzker Signs Chicago Casino Bill

The next Detroit: The catastrophic collapse of Atlantic City

With the closure of almost half of Atlantic City's casinos, Newark set to vote on gambling and casinos or racinos in almost every state, it seems as if the reasons for the very existence of Atlantic City are in serious jeopardy.
Israel Joffe
Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.
New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.
As time wore on, Atlantic City became the premier gambling spots in the country.
While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.
Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.
Through-out the 1980s, Atlantic City would become an integral part of American pop culture as a place for east coast residents to gamble, watch boxing, wrestling, concerts and other sporting events.
However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.
Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.
Atlantic City, in an attempt to make the city more appealing to the ‘big whale’ millionaire and billionaire gamblers, and in effort to move away from its ‘seedy’ reputation, built the luxurious Borgata casino in 2003. Harrah’s created a billion dollar extension and other casinos in the area went through serious renovations and re-branded themselves.
It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.
Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.
Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to the United States to spend their money.
Then came the biggest threat.
As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2004 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.
As of 2013, racinos were legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia with more expected in 2015.
Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.
The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.
From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.
And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.
New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.
California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.
With this in mind, it seems the very niche that Atlantic City once offered as a gambling and entertainment hub for east coast residents is heading toward the dustbin of history.
Time will tell if this city will end up like Detroit. However, the fact that they are losing their biggest industry to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing , it all makes Atlantic City’s fate seem eerily similar.
submitted by IsraelJoffeusa to u/IsraelJoffeusa [link] [comments]

Poker Dealers being terminated.

Every poker dealer in Elizabeth, IN, including myself, is being terminated as of 10/1. This leaves me with several questions. I've listed my top 5 below. Feel free to answer and ask you own.

  1. Please let me know if you are aware of any other property that is doing this to their poker dealers. i.e. Terminating furloughed dealers as of 10/01.
  2. Caesars/Eldorado must have an agreement signed by 12/31 to sell the Elizabeth property, as well as Evansville and Hammond. There are rumors that Churchill Downs, who has created a faux casino on Poplar Level in Louisville with their Historical Racing machines along with a still under construction 300 million dollar hotel/casino on the Downs property, is interested in purchasing the Elizabeth property. There was also a rumor that MGM is interested in all 3. This would make sense as it would be a good opportunity for them to get into the Indiana/Illinois market, especially since they already have their Indiana sports betting license. Ads are all over about free bets for joining MGM's app. Long story short, I plan on moving if there is no commitment to poker from the new owner of the Elizabeth property. I seriously doubt Churchill Downs would commit, however, do you think MGM would commit to having poker if they purchased the property?
  3. Caesars announced yesterday that they were purchasing William Hill Sports Book. My poker room manager took a job there months ago, as he was already running the sports book at Elizabeth and I assume been offered the job back when this deal was in motion. To what degree does this represent a shift towards sports betting and away from poker for Caesars in Indiana but also in the US as a whole?
  4. Covid has essentially grinded live poker to a halt in much of the country, except for a few rooms here and there in just a handful of states. The airline industry is terminating or furloughing tens of thousands of employees as of 10/1, the same date we are being terminated. As far I as know, none of the 60+ poker dealers/floors/duals in Elizabeth were receiving health benefits since August 1. I am not aware of any cost to the company to keep us furloughed, as opposed to terminating everyone. Is this some sort of valuation tactic for quarter 4 or the end of the year with the IRS? Does X amount of employees equal Y amount of deduction?
  5. This year has been rough for poker dealers and players everywhere. Please let me know your thoughts on the overall future of live poker. What does it look like?
submitted by jooshwah to poker [link] [comments]

Did The Mafia Blackmail FBI Director J. Edgar Hoover About Being Gay?

M. Wesley Swearingen, an FBI agent from 1951 to 1977, writes in his memoir FBI Secrets: An Agent's Expose about the long-standing rumors within the Bureau concerning the relationship between FBI Director J. Edgar Hoover and Associate Director Clyde Tolson which include allegations that Hoover ignored the Mafia for decades because the wise guys had incriminating goods on the supposed lovers:
One year after arriving in Memphis, Hoover transferred me to Chicago, Illinois. I was thrilled – my mind was full of gangsters, Tommy guns, and the FBI's famous machine gun battles of the 1930s. It was clear to me from Chicago's newspaper headlines that gangsters ruled a Chicago underworld element in the 1950s because gangland style murders averaged close to 100 a year in the Chicago area. * * * But when I told my colleague and veteran agent Vince Coll of my big plans for Chicago, he said that Hoover did not recognize the existence of a mob in Chicago. According to Coll, Mafia leader Meyer Lansky's organization had enough on Hoover and Tolson, as closet homosexuals, that Hoover would never investigate the mob.
The allegations were fleshed out in Official and Confidential: the Secret Life of J. Edgar Hoover by Anthony Summer. A review of the book ("Partners For Life") by Sidney Urquhart for Time magazine summarizes one alleged incident as follows:
Perhaps Summers' most bizarre revelation is an account provided by Susan Rosenstiel, the wife of a liquor distiller and gambling crony. Rosenstiel recalls attending what she thought would be an elegant private party at New York City's Plaza Hotel in the company of lawyer Roy Cohn, Hoover and others. Instead, Cohn introduced Rosenstiel to a woman named "Mary," dressed in a fluffy black dress, lace stockings and high heels. It was obvious Mary was no woman. "You could see where he shaved. It was Hoover," said Rosenstiel. Joined by Cohn, Hoover stripped down to a tiny garter belt and proceeded to have sex with two young boys. Cohn later joked about the evening. "That was really something, wasn't it, with Mary Hoover?"
The "two young boys" with whom Hoover allegedly had sex perhaps were provided by Ed "the Skull" Murphy who was a long-time Genovese associate involved in the crime family's gay bar and boy prostitution rackets in New York City. In Stonewall: The Riots That Sparked The Gay Revolution, David Carter writes:
John Paul Ranieri, a former prostitute interviewed for this history, provided critical testimony for corroborating and better understanding the larger implications of Murphy's criminal enterprises for gay history. Ranieri said that as a youth from Westchester County he had been forced by blackmail and Mafia-supplied drugs into a prostitution ring in which he remained active for three years before he escaped the mob's control. He claimed that a number of youths in the ring had disappeared after they got careless with talk, for while most of the customers were more or less average homosexual men with money, the regular clientele, according to Ranieri, also included famous men such as Malcolm Forbes, Cardinal Spellman, Liberace, U.S. Senators, a vice president of the United States, one of the most famous rock musicians, and J. Edgar Hoover. The mob's order, according to Ranieri, was strictly "Keep your zipper open and your mouth shut."
Ranieri said that he met J. Edgar Hoover at private parties at the Plaza Hotel and that Hoover's name was never mentioned. Hoover was always in drag, and Ranieri said he could tell that the FBI director was sure that no one recognized him. Ranieri said that he had ensured his own survival by having in his possession a photograph of himself with Hoover, given to him by the photographer.
How does the preceding information link Ed Murphy with J. Edgar Hoover? The connection is made evident in a news story written shortly after Hoover's homosexuality and transvestism became public. When [Anthony] Summer's book [Official and Confidential: The Secret Life of J. Edgar Hoover], was published [in 1993], a newspaper story about the 1960s national homosexual blackmail ring suddenly appeared after a quarter of a century of silence on the subject. Without mentioning Murphy's name, it quoted law enforcement sources who had worked on the case as saying that their investigation into the nationwide blackmail ring had turned up a photograph of Hoover "posing amiably" with the racket's ringleader and had uncovered information that Clyde Tolson, Hoover's lover, had himself "fallen victim to the extortion ring." After federal agents joined the investigation, both the photograph of Hoover and the documents about Tolson disappeared. * * * Very suggestive in this context is that Murphy would publicly say in 1978—before it became public information, as it did in the 1990s, that the Mafia had photographs of Hoover involved in sex acts—that he knew that J. Edgar Hoover "was one of my sisters."
Murphy's boys did have a habit of disappearing. For example, one Puerto Rican youth known as Tano with whom Murphy was sexually involved was kidnapped right off the streets never to be seen again according to one eyewitness to the incident as recounted by Carter in Stonewall.
Curiously, Murphy also was a long-standing FBI informant according to a May 8, 1978 article ("Skull Murphy: The Gay Double Agent") by Arthur Bell for The Village Voice. Indeed, this article contained the interview in which Murphy expressly speaks of J. Edgar Hoover as one of his "sisters": "He was the biggest fuckin' extortionist in this country. He had presidents by the balls. He had a record on everybody and his brother."
The allegations that Meyer Lansky had incriminating evidence against the FBI Director are particularly credible in light of the relationships among all the parties with political fixer Roy Cohn -- a fellow closet case who died of AIDS in 1986 -- at the center of it all.
Cohn was a personal friend of Hoover during the 1950s and 1960s, and the two shared extensive correspondence directed to each other on a first-name basis including a September 1957 exchange on an article published by the Director entitled "Let's Wipe Out the Schoolyard Sex Racket." Ironically, only months earlier an apparent obscenity indictment against Cohn had been dismissed according to an FBI memo dated June 28, 1957 from Assistant Director Louis B. Nichols to Clyde Tolson:
Roy Cohn called 6-27-57 to advise that Neil Gallagher of the New Jersey Turnpike Commission represented him in connection with the return of an indictment charging the sale of obscene literature. Gallagher went before the Superior Court judge in Union County, New Jersey, Thursday afternoon and moved the dismissal of the indictment. The district attorney joined him in this recommendation and issued a public apology to Cohn.
Cornelius "Neil" Gallagher later became a U.S. Congressman from Bayonne, NJ until he lost the seat in 1972 after Life magazine ran an article alleging mob ties.
The relationship between Hoover and Cohn is particularly troubling given that the FBI was fully aware that Cohn had ties to the most powerful bosses in the Mafia. For example, in 1964 federal prosecutor Robert Morgenthau was trying Cohn on corruption charges, and at the trial introduced excerpts of earlier grand jury testimony by Cohn. A March 27, 1964 article from The New York Times which the FBI contemporaneously clipped for its files on Cohn states:
The excerpts contained admissions by Mr. Cohn that he was acquainted with Geralde (Jerry) Catena, described by the Senate Rackets Committee as "No. 2 Man" in the Vito Genovese unit of the Cosa Nosta, and with Meyer Lansky, gangster. Mr. Cohn said he scarcely knew Lansky but that he had played golf two or three times with Catena.
Cohn further had represented the Stork Club which was Hoover's favorite stomping ground and Schenley Industries which was one of the country's largest liquor distillers. Louis Rosensteil was the president of Schenley Industries, and he had close ties to Meyer Lansky and Frank Costello. "In fact, on several occassions, Hoover was seen at the Stork Club fraternizing with people like Costello and Rosensteil" according to Peter J. Devico in The Mafia Made Easy. After Hoover's right-hand man Louis Nichols left the FBI in 1957, Cohn allegedly secured him a plum job making $100,000 a year at Schenley Industries although Nichols insisted in Hooveresque fashion that Rosensteil shunned the mob.
Of couse, the best evidence that Meyer Lansky had the goods on the FBI Director is that the storied agency never laid a hand on the gangster who was a bootleg kingpin during Prohibition, later founded Murder Inc., and finally ran gambling operations in Las Vegas and Havana, Cuba for the Genovese family. At the time of Lansky's death in 1983 the FBI estimated that he had a net worth of $300 million, and yet during his long criminal career the G-men never nailed him on a single charge or recovered a single penny. Indeed, the FBI did not even start a file on Lansky until the 1950s, and a review of the file's sparse contents illustrates that the agency's efforts to target him -- a purported top hoodlum -- were half-hearted at best involving little more than the occasional wiretap and a sometimes surveillance. Indeed, the newspaper articles on Lansky which the FBI clipped were more informative on the mobster's activities than the investigator reports. Ironically, Lansky only was arrested in 1972 -- the same year Hoover died -- as a result of an IRS investigation involving an alleged skimming scheme from a Vegas casino, and even that indictment conveniently was dismissed because Lansky was considered too ill to prosecute.
submitted by PhillipCrawfordJr to conspiracy [link] [comments]

Caesars properties mandating masks

Caesars properties mandating masks as of about noon today. Onsite security personnel cited an order from NVGov, but I can’t find a source for that.
https://www.rgj.com/story/news/2020/06/24/caesars-entertainment-requires-all-guests-wear-masks-all-resorts/3252788001/
Guests at Caesars Entertainment Corp. properties will be required to wear masks while inside its properties, effective immediately. The only exception is when employees or guests are eating or drinking, according to a Wednesday news release.
The updated policy applies to all employees, vendors, contractors, guests, and passersby inside the properties. Those who refuse to wear a face covering will be directed to leave the property. Caesars previously only required staff to wear masks. “We are immediately requiring everyone in our properties to wear masks, because the scientific evidence strongly suggests that wearing masks and practicing social distancing may be the most important deterrents to spreading COVID-19 from person to person,” said CEO Tony Rodio in the release.
The policy applies to Caesars’ nine Las Vegas hotel casinos, as well as its properties in Arizona, California and North Carolia. It will also go into effect in properties in Maryland, Pennsylvania, New Jersey, Illinois and Ontario, once they reopen. The announcement comes just hours before Nevada Gov. Steve Sisolak’s 5 p.m. update on Nevada’s response to the COVID-19 pandemic. Las week, the governor said he had asked his team of COVID-19 medical advisors to review enhanced face covering policies for the state. Nevada’s COVID-19 cases have been on the rise since it reopened casinos on June 4. On Tuesday, the state saw a record one-day jump of more than 400 new cases. As of Wednesday, there have been about 14,000 cases of the virus in Nevada and 492 deaths.
Policies in other states, including California and Washington, have recently been updated to require people to wear face coverings when out in public indoor venues.
On Monday, Culinary Workers Union Local 226 hosted a video conference to discuss casinos’ health and safety policies, saying the rules don’t go far enough to protect workers.
Diana Thomas, a union member and guest room attendant at Caesars’ Flamingo hotel casino, said Monday that she would feel safer at work if guests and patrons were required to wear masks. The union is demanding a handful of new health policies in casinos, including daily cleaning of all guest rooms, mandatory testing of all employees for COVID-19 before returning to work and regular testing thereafter and requiring guests to wear masks in all public areas.
This is a developing story. Check back for updates.
submitted by PapaDuckD to vegas [link] [comments]

[For Sale] 150+ records! Arctic Monkeys, ETID, Coheed and Cambria, Mastodon, Watsky, and much more!

Hey all! Looking to unload the majority of my collection. All have been stored in my home (smoke free) finished basement. A small handful have some slight warping/water damage on the sleeves/gatefolds and are noted as such. Otherwise these are all in really good condition and the majority played probably less than 10 times. Shipping in the US from Illinois. $5 shipping per media mailer. I'll do my best to answer any questions as quickly as I can, and provide pictures if needed! I tried to price the records less than discogs listings, but I know prices fluctuate, so if I've missed the mark on anything please let me know! :) Now let's get to the good stuff ​
Edit #3: Finishing up for the night following up on pending deals and working through new messages (still). Just a little transparency, I'm a stay at home dad, so my days are busy as hell and far from my computer haha. I really only get to work on these at night, so if I haven't replied to you yet, please hold tight! Thanks everyone for your patience!
Architects - All Our Gods Have Abandoned Us Clear $20
Architects - Lost Together - Lost Forever Clear $35
Arctic Monkeys - Favourite Worst Nightmare Black $20
Arctic Monkeys - Humbug Black $20
Arctic Monkeys - Suck It And See Black $20
Arctic Monkeys - Tranquility Base Hotel + Casino Black $20
Atreyu - Long Live Red/Black marble $20
Atreyu - So Others May Live / When The Day Is Done 7" Black $5
Avenged Sevenfold - S/T Black/White split $30
Biffy Clyro - Opposites (some minor jacket damage) Black $20
Big Grams - S/T Black $20
Bring Me The Horizon - Thats The Spirit Black $25
Catfish and The Bottlemen - The Balcony Black $25
Catfish and The Bottlemen - The Ride Black $25
Chiodos - Devil (picture disc) Picture $15
Coheed and Cambria - The Color Before The Sun Black $20
Curtis King ft. Jimi Hendrix - Live At George's Club 20 (RSD) Black $15
DJ Shadow - The Mountain Will Fall Black $20
El-P - Cancer 4 Cure Black $20
Elder Brother - Heavy Head Pink marble $15
Elder Brother - Stay Inside (felt cover, slipmat, limted to 50) CleaRed splatter $30
Elder Brother - Wish You Were Here EP - etched Side B Yellow/Clear $10
Enter Shikari - Covers 7" (Know Your Enemy/Chop Suey) limited to 400 Black $15
Foo Fighters - Sonic Highways Black $20
Ghost - Meliora Black $20
Gnarwolves - Adolescence (minor jacket wear) Orange splatter $10
Gnarwolves - Outsiders Purple $15
Gnarwolves - S/T Blue/White splatter $15
Gnarwolves - The Chronicles of Gnarnia White/Purple splatter $15
Highly Suspect - The Boy Who Died Wolf (significant water damage on inside gatefold) Yellow $10
Islander - Violence & Destruction White $5
Killer Mike - R.A.P. Music Black $20
Knuckle Puck - Copacetic White/Green splatter $20
Knuckle Puck - The Weight That You Buried Red/etched side b hot topic exclusive $25
Letlive - If I'm The Devil CleaRed $20
Letlive - The Blackest Beautiful Black (blank album sleeve) Promo $20
LRC Jazz Classics - Jazz Ladies unopened $5
Mastodon - Blood Mountain Black $25
Mastodon - Crack The Skye Black $15
Mastodon - Emperor of Sand Black $20
Mastodon - Leviathan Black $25
Mastodon - The Hunter Black $20
Metallica - Hardwired to Self Destruct Black $15
Metallica - Kill Em All (Remaster) Black $15
Nathaniel Rateliff and The Night Sweats - A Little Something More From Black $15
Neck Deep - Rain In July / A History Of Bad Decisions White/Splatter $15
Neck Deep - Wishful Thinking Orange/Black splatter halloween $20
Of Mice & Men - Restoring Force Black $10
Parkway Drive - IRE Green/Clear marble $15
Pedro The Lion - Control Black $10
Polar Bear Club - Chasing Hamburg Pink clear $10
Polar Bear Club - Clash Battle Guilt Pride Red marble $10
Polar Bear Club - Death Chorus Orange $10
Polar Bear Club - Sometimes Things Just Disappear Red $10
Polar Bear Club - The View/The Life 7" Grey marble $2
Post Season - S/T (3) Red/Blue/Yellow Pokemon cover red/blue/yellow black $15
Post Season - Restless Nights 7' white/yellow splatter $2
Post Season / Such A Mess - (2)Greeting From (split) 7" White/Black splatter $5
Protest The Hero - Pacific Myth Purple marble $20
Protest The Hero - Volition Black $20
Rage Against The Machine - S/T 20th anniversary picture disc picture $15
Rick and Morty OST Special Edition Light Up Box Set -PENDING- unopened $40
Rise Against - Revolutions Per Minute Black $15
Rise Against - Siren Song of the Counter Culture Orange $20
Rise Against - The Sufferer and the Witness Black marble $30
Stickup Kid- Future FIre White/pink splatter $10
The Story So Far - S/T Clear / blue swirl $15
The Story So Far - Songs Of Red/Black splatter $10
The Story So Far - Under Soil And Dirt Yellow $10
The Wonder Years - Dismantling Summer 7" single Clear w/bird etching $10
The Wonder Years - Suburbia (light jacket wear) Clear $15
The Wonder Years - Sister Cities White/Black marble $15
The Word Alive - Dark Matter Black/white marble $15
The Word Alive - REAL White $15
The Word Alive - Violent Noise Teal(Limeade) $30
The XX - I See You -PENDING- Clear $15
Thrice - The Artist In The Ambulance White $35
Travis Barker & Yelawolf - Out of Control 7" Black $15
Travis Barker & Yelawolf - Psycho White White $20
Weezer - Make Believe black $25
Weezer - White Album Black $15
submitted by BishOutOfWater to VinylCollectors [link] [comments]

Today's Stock Market News [Monday, March 23rd, 2020]

Good morning traders and investors of the wallstreetbets sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-

Today's Top Headlines for Monday, March 23rd, 2020

  • U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
  • Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
  • The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
  • Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
  • Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.

STOCK FUTURES CURRENTLY:

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LAST WEEK'S MARKET MAP:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S UPCOMING IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

($MU $LULU $NKE $PAYS $SIG $PAYX $GME $ONTX $CSIQ $JT $INFO $GO $WGO $LX $SCVL $SNX $HOME $BWAY $AEYE $KBH $RKDA $FDS $ERJ $PRGS $OPGN $SCS $NEOG $PUMP $HYRE $AIR $MYOS $LIQT $SAIC $SCWX $ESLT $VTSI $OCGN $QIWI $WOR $TNP $HTHT)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

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EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

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FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

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THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

  • NFLX
  • MMM
  • PCG
  • AME
  • ITCI
  • GDX
  • CAT
  • URGN
  • MYGN
  • EVBG

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.

STOCK SYMBOL: BA

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Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.

STOCK SYMBOL: KO

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Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.

STOCK SYMBOL: DE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.

STOCK SYMBOL: DHR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.

STOCK SYMBOL: NFLX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.

STOCK SYMBOL: NEM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.

STOCK SYMBOL: OXY

(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.

STOCK SYMBOL: MGM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.

STOCK SYMBOL: BBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.

STOCK SYMBOL: SBUX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.

STOCK SYMBOL: TIF

(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.

STOCK SYMBOL: BBBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.

STOCK SYMBOL: MAR

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at wallstreetbets?

I hope you all have an excellent trading day ahead today on this Monday, March 23rd, 2020! :)

submitted by bigbear0083 to wallstreetbets [link] [comments]

Today's Stock Market News [Monday, March 23rd, 2020]

Good morning traders and investors of the StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-

(CLICK HERE TO VIEW THE FULL SOURCE!)

Today's Top Headlines for Monday, March 23rd, 2020

  • U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
  • Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
  • The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
  • Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
  • Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.

STOCK FUTURES CURRENTLY:

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LAST WEEK'S MARKET MAP:

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TODAY'S MARKET MAP:

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LAST WEEK'S S&P SECTORS:

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TODAY'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S UPCOMING IPO'S:

(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

THIS WEEK'S EARNINGS CALENDAR:

($MU $LULU $NKE $PAYS $SIG $PAYX $GME $ONTX $CSIQ $JT $INFO $GO $WGO $LX $SCVL $SNX $HOME $BWAY $AEYE $KBH $RKDA $FDS $ERJ $PRGS $OPGN $SCS $NEOG $PUMP $HYRE $AIR $MYOS $LIQT $SAIC $SCWX $ESLT $VTSI $OCGN $QIWI $WOR $TNP $HTHT)
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

()
([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())
N/A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

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FRIDAY'S INSIDER TRADING FILINGS:

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TODAY'S DIVIDEND CALENDAR:

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THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

  • NFLX
  • MMM
  • PCG
  • AME
  • ITCI
  • GDX
  • CAT
  • URGN
  • MYGN
  • EVBG

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.

STOCK SYMBOL: BA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.

STOCK SYMBOL: KO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.

STOCK SYMBOL: DE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.

STOCK SYMBOL: DHR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.

STOCK SYMBOL: NFLX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.

STOCK SYMBOL: NEM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.

STOCK SYMBOL: OXY

(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.

STOCK SYMBOL: MGM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.

STOCK SYMBOL: BBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.

STOCK SYMBOL: SBUX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.

STOCK SYMBOL: TIF

(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.

STOCK SYMBOL: BBBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.

STOCK SYMBOL: MAR

(CLICK HERE FOR LIVE STOCK QUOTE!)

FULL DISCLOSURE:

bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.

DISCUSS!

What is on everyone's radar for today's trading day ahead here at StockMarket?

I hope you all have an excellent trading day ahead today on this Monday, March 23rd, 2020! :)

submitted by bigbear0083 to StockMarket [link] [comments]

Was FBI Director J. Edgar Hoover Gay?

M. Wesley Swearingen, an FBI agent from 1951 to 1977, writes in his memoir FBI Secrets: An Agent's Expose about the long-standing rumors within the Bureau concerning the relationship between FBI Director J. Edgar Hoover and Associate Director Clyde Tolson which include allegations that Hoover ignored the Mafia for decades because the wise guys had incriminating goods on the supposed lovers:
One year after arriving in Memphis, Hoover transferred me to Chicago, Illinois. I was thrilled – my mind was full of gangsters, Tommy guns, and the FBI's famous machine gun battles of the 1930s. It was clear to me from Chicago's newspaper headlines that gangsters ruled a Chicago underworld element in the 1950s because gangland style murders averaged close to 100 a year in the Chicago area. * * * But when I told my colleague and veteran agent Vince Coll of my big plans for Chicago, he said that Hoover did not recognize the existence of a mob in Chicago. According to Coll, Mafia leader Meyer Lansky's organization had enough on Hoover and Tolson, as closet homosexuals, that Hoover would never investigate the mob.
The allegations were fleshed out in Official and Confidential: the Secret Life of J. Edgar Hoover by Anthony Summer. A review of the book ("Partners For Life") by Sidney Urquhart for Time magazine summarizes one alleged incident as follows:
Perhaps Summers' most bizarre revelation is an account provided by Susan Rosenstiel, the wife of a liquor distiller and gambling crony. Rosenstiel recalls attending what she thought would be an elegant private party at New York City's Plaza Hotel in the company of lawyer Roy Cohn, Hoover and others. Instead, Cohn introduced Rosenstiel to a woman named "Mary," dressed in a fluffy black dress, lace stockings and high heels. It was obvious Mary was no woman. "You could see where he shaved. It was Hoover," said Rosenstiel. Joined by Cohn, Hoover stripped down to a tiny garter belt and proceeded to have sex with two young boys. Cohn later joked about the evening. "That was really something, wasn't it, with Mary Hoover?"
The "two young boys" with whom Hoover allegedly had sex perhaps were provided by Ed "the Skull" Murphy who was a long-time Genovese associate involved in the crime family's gay bar and boy prostitution rackets in New York City. In Stonewall: The Riots That Sparked The Gay Revolution, David Carter writes:
John Paul Ranieri, a former prostitute interviewed for this history, provided critical testimony for corroborating and better understanding the larger implications of Murphy's criminal enterprises for gay history. Ranieri said that as a youth from Westchester County he had been forced by blackmail and Mafia-supplied drugs into a prostitution ring in which he remained active for three years before he escaped the mob's control. He claimed that a number of youths in the ring had disappeared after they got careless with talk, for while most of the customers were more or less average homosexual men with money, the regular clientele, according to Ranieri, also included famous men such as Malcolm Forbes, Cardinal Spellman, Liberace, U.S. Senators, a vice president of the United States, one of the most famous rock musicians, and J. Edgar Hoover. The mob's order, according to Ranieri, was strictly "Keep your zipper open and your mouth shut."
Ranieri said that he met J. Edgar Hoover at private parties at the Plaza Hotel and that Hoover's name was never mentioned. Hoover was always in drag, and Ranieri said he could tell that the FBI director was sure that no one recognized him. Ranieri said that he had ensured his own survival by having in his possession a photograph of himself with Hoover, given to him by the photographer.
How does the preceding information link Ed Murphy with J. Edgar Hoover? The connection is made evident in a news story written shortly after Hoover's homosexuality and transvestism became public. When [Anthony] Summer's book [Official and Confidential: The Secret Life of J. Edgar Hoover], was published [in 1993], a newspaper story about the 1960s national homosexual blackmail ring suddenly appeared after a quarter of a century of silence on the subject. Without mentioning Murphy's name, it quoted law enforcement sources who had worked on the case as saying that their investigation into the nationwide blackmail ring had turned up a photograph of Hoover "posing amiably" with the racket's ringleader and had uncovered information that Clyde Tolson, Hoover's lover, had himself "fallen victim to the extortion ring." After federal agents joined the investigation, both the photograph of Hoover and the documents about Tolson disappeared. * * * Very suggestive in this context is that Murphy would publicly say in 1978—before it became public information, as it did in the 1990s, that the Mafia had photographs of Hoover involved in sex acts—that he knew that J. Edgar Hoover "was one of my sisters."
Murphy's boys did have a habit of disappearing. For example, one Puerto Rican youth known as Tano with whom Murphy was sexually involved was kidnapped right off the streets never to be seen again according to one eyewitness to the incident as recounted by Carter in Stonewall.
Curiously, Murphy also was a long-standing FBI informant according to a May 8, 1978 article ("Skull Murphy: The Gay Double Agent") by Arthur Bell for The Village Voice. Indeed, this article contained the interview in which Murphy expressly speaks of J. Edgar Hoover as one of his "sisters": "He was the biggest fuckin' extortionist in this country. He had presidents by the balls. He had a record on everybody and his brother."
The allegations that Meyer Lansky had incriminating evidence against the FBI Director are particularly credible in light of the relationships among all the parties with political fixer Roy Cohn -- a fellow closet case who died of AIDS in 1986 -- at the center of it all.
Cohn was a personal friend of Hoover during the 1950s and 1960s, and the two shared extensive correspondence directed to each other on a first-name basis including a September 1957 exchange on an article published by the Director entitled "Let's Wipe Out the Schoolyard Sex Racket." Ironically, only months earlier an apparent obscenity indictment against Cohn had been dismissed according to an FBI memo dated June 28, 1957 from Assistant Director Louis B. Nichols to Clyde Tolson:
Roy Cohn called 6-27-57 to advise that Neil Gallagher of the New Jersey Turnpike Commission represented him in connection with the return of an indictment charging the sale of obscene literature. Gallagher went before the Superior Court judge in Union County, New Jersey, Thursday afternoon and moved the dismissal of the indictment. The district attorney joined him in this recommendation and issued a public apology to Cohn.
Cornelius "Neil" Gallagher later became a U.S. Congressman from Bayonne, NJ until he lost the seat in 1972 after Life magazine ran an article alleging mob ties.
The relationship between Hoover and Cohn is particularly troubling given that the FBI was fully aware that Cohn had ties to the most powerful bosses in the Mafia. For example, in 1964 federal prosecutor Robert Morgenthau was trying Cohn on corruption charges, and at the trial introduced excerpts of earlier grand jury testimony by Cohn. A March 27, 1964 article from The New York Times which the FBI contemporaneously clipped for its files on Cohn states:
The excerpts contained admissions by Mr. Cohn that he was acquainted with Geralde (Jerry) Catena, described by the Senate Rackets Committee as "No. 2 Man" in the Vito Genovese unit of the Cosa Nosta, and with Meyer Lansky, gangster. Mr. Cohn said he scarcely knew Lansky but that he had played golf two or three times with Catena.
Cohn further had represented the Stork Club which was Hoover's favorite stomping ground and Schenley Industries which was one of the country's largest liquor distillers. Louis Rosensteil was the president of Schenley Industries, and he had close ties to Meyer Lansky and Frank Costello. "In fact, on several occassions, Hoover was seen at the Stork Club fraternizing with people like Costello and Rosensteil" according to Peter J. Devico in The Mafia Made Easy. After Hoover's right-hand man Louis Nichols left the FBI in 1957, Cohn allegedly secured him a plum job making $100,000 a year at Schenley Industries although Nichols insisted in Hooveresque fashion that Rosensteil shunned the mob.
Of couse, the best evidence that Meyer Lansky had the goods on the FBI Director is that the storied agency never laid a hand on the gangster who was a bootleg kingpin during Prohibition, later founded Murder Inc., and finally ran gambling operations in Las Vegas and Havana, Cuba for the Genovese family. At the time of Lansky's death in 1983 the FBI estimated that he had a net worth of $300 million, and yet during his long criminal career the G-men never nailed him on a single charge or recovered a single penny. Indeed, the FBI did not even start a file on Lansky until the 1950s, and a review of the file's sparse contents illustrates that the agency's efforts to target him -- a purported top hoodlum -- were half-hearted at best involving little more than the occasional wiretap and a sometimes surveillance. Indeed, the newspaper articles on Lansky which the FBI clipped were more informative on the mobster's activities than the investigator reports. Ironically, Lansky only was arrested in 1972 -- the same year Hoover died -- as a result of an IRS investigation involving an alleged skimming scheme from a Vegas casino, and even that indictment conveniently was dismissed because Lansky was considered too ill to prosecute.
submitted by PhillipCrawfordJr to lgbthistory [link] [comments]

Was FBI Director J. Edgar Hoover Gay?

M. Wesley Swearingen, an FBI agent from 1951 to 1977, writes in his memoir FBI Secrets: An Agent's Expose about the long-standing rumors within the Bureau concerning the relationship between FBI Director J. Edgar Hoover and Associate Director Clyde Tolson which include allegations that Hoover ignored the Mafia for decades because the wise guys had incriminating goods on the supposed lovers:
One year after arriving in Memphis, Hoover transferred me to Chicago, Illinois. I was thrilled – my mind was full of gangsters, Tommy guns, and the FBI's famous machine gun battles of the 1930s. It was clear to me from Chicago's newspaper headlines that gansters ruled a Chicago underworld element in the 1950s because gangland style murders averaged close to 100 a year in the Chicago area. * * * But when I told my colleague and veteran agent Vince Coll of my big plans for Chicago, he said that Hoover did not recognize the existence of a mob in Chicago. According to Coll, Mafia leader Meyer Lansky's organization had enough on Hoover and Tolson, as closet homosexuals, that Hoover would never investigate the mob.
The allegations were fleshed out in Official and Confidential: the Secret Life of J. Edgar Hoover by Anthony Summer. A review of the book ("Partners For Life") by Sidney Urquhart for Time magazine summarizes one alleged incident as follows:
Perhaps Summers' most bizarre revelation is an account provided by Susan Rosenstiel, the wife of a liquor distiller and gambling crony. Rosenstiel recalls attending what she thought would be an elegant private party at New York City's Plaza Hotel in the company of lawyer Roy Cohn, Hoover and others. Instead, Cohn introduced Rosenstiel to a woman named "Mary," dressed in a fluffy black dress, lace stockings and high heels. It was obvious Mary was no woman. "You could see where he shaved. It was Hoover," said Rosenstiel. Joined by Cohn, Hoover stripped down to a tiny garter belt and proceeded to have sex with two young boys. Cohn later joked about the evening. "That was really something, wasn't it, with Mary Hoover?"
The "two young boys" with whom Hoover allegedly had sex perhaps were provided by Ed "the Skull" Murphy who was a long-time Genovese associate involved in the crime family's gay bar and boy prostitution rackets in New York City. In Stonewall: The Riots That Sparked The Gay Revolution, David Carter writes:
John Paul Ranieri, a former prostitute interviewed for this history, provided critical testimony for corroborating and better understanding the larger implications of Murphy's criminal enterprises for gay history. Ranieri said that as a youth from Westchester County he had been forced by blackmail and Mafia-supplied drugs into a prostitution ring in which he remained active for three years before he escaped the mob's control. He claimed that a number of youths in the ring had disappeared after they got careless with talk, for while most of the customers were more or less average homosexual men with money, the regular clientele, according to Ranieri, also included famous men such as Malcolm Forbes, Cardinal Spellman, Liberace, U.S. Senators, a vice president of the United States, one of the most famous rock musicians, and J. Edgar Hoover. The mob's order, according to Ranieri, was strictly "Keep your zipper open and your mouth shut."
Ranieri said that he met J. Edgar Hoover at private parties at the Plaza Hotel and that Hoover's name was never mentioned. Hoover was always in drag, and Ranieri said he could tell that the FBI director was sure that no one recognized him. Ranieri said that he had ensured his own survival by having in his possession a photograph of himself with Hoover, given to him by the photographer.
How does the preceding information link Ed Murphy with J. Edgar Hoover? The connection is made evident in a news story written shortly after Hoover's homosexuality and transvestism became public. When [Anthony] Summer's book [Official and Confidential: The Secret Life of J. Edgar Hoover], was published [in 1993], a newspaper story about the 1960s national homosexual blackmail ring suddenly appeared after a quarter of a century of silence on the subject. Without mentioning Murphy's name, it quoted law enforcement sources who had worked on the case as saying that their investigation into the nationwide blackmail ring had turned up a photograph of Hoover "posing amiably" with the racket's ringleader and had uncovered information that Clyde Tolson, Hoover's lover, had himself "fallen victim to the extortion ring." After federal agents joined the investigation, both the photograph of Hoover and the documents about Tolson disappeared. * * * Very suggestive in this context is that Murphy would publicly say in 1978—before it became public information, as it did in the 1990s, that the Mafia had photographs of Hoover involved in sex acts—that he knew that J. Edgar Hoover "was one of my sisters."
Murphy's boys did have a habit of disappearing. For example, one Puerto Rican youth known as Tano with whom Murphy was sexually involved was kidnapped right off the streets never to be seen again according to one eyewitness to the incident as recounted by Carter in Stonewall.
Curiously, Murphy also was a long-standing FBI informant according to a May 8, 1978 article ("Skull Murphy: The Gay Double Agent") by Arthur Bell for The Village Voice. Indeed, this article contained the interview in which Murphy expressly speaks of J. Edgar Hoover as one of his "sisters": "He was the biggest fuckin' extortionist in this country. He had presidents by the balls. He had a record on everybody and his brother."
The allegations that Meyer Lansky had incriminating evidence against the FBI Director are particularly credible in light of the relationships among all the parties with political fixer Roy Cohn -- a closet case who died of AIDS in 1986 -- at the center of it all.
Cohn was a personal friend of Hoover during the 1950s and 1960s, and the two shared extensive correspondence directed to each other on a first-name basis including a September 1957 exchange on an article published by the Director entitled "Let's Wipe Out the Schoolyard Sex Racket." Ironically, only months earlier an apparent obscenity indictment against Cohn had been dismissed according to an FBI memo dated June 28, 1957 from Assistant Director Louis B. Nichols to Clyde Tolson:
Roy Cohn called 6-27-57 to advise that Neil Gallagher of the New Jersey Turnpike Commission represented him in connection with the return of an indictment charging the sale of obscene literature. Gallagher went before the Superior Court judge in Union County, New Jersey, Thursday afternoon and moved the dismissal of the indictment. The district attorney joined him in this recommendation and issued a public apology to Cohn.
Cornelius "Neil" Gallagher later became a U.S. Congressman from Bayonne, NJ until he lost the seat in 1972 after Life magazine ran an article alleging mob ties.
The relationship between Hoover and Cohn is particularly troubling given that the FBI was fully aware that Cohn had ties to the most powerful bosses in the Mafia. For example, in 1964 federal prosecutor Robert Morgenthau was trying Cohn on corruption charges, and at the trial introduced excerpts of earlier grand jury testimony by Cohn. A March 27, 1964 article from The New York Times which the FBI contemporaneously clipped for its files on Cohn states:
The excerpts contained admissions by Mr. Cohn that he was acquainted with Geralde (Jerry) Catena, described by the Senate Rackets Committee as "No. 2 Man" in the Vito Genovese unit of the Cosa Nosta, and with Meyer Lansky, gangster. Mr. Cohn said he scarcely knew Lansky but that he had played golf two or three times with Catena.
Cohn further had represented the Stork Club which was Hoover's favorite stomping ground and Schenley Industries which was one of the country's largest liquor distillers. Louis Rosensteil was the president of Schenley Industries, and he had close ties to Meyer Lansky and Frank Costello. "In fact, on several occassions, Hoover was seen at the Stork Club fraternizing with people like Costello and Rosensteil" according to Peter J. Devico in The Mafia Made Easy. After Hoover's right-hand man Louis Nichols left the FBI in 1957, Cohn allegedly secured him a plum job making $100,000 a year at Schenley Industries although Nichols insisted in Hooveresque fashion that Rosensteil shunned the mob.
Of couse, the best evidence that Meyer Lansky had the goods on the FBI Director is that the storied agency never laid a hand on the gangster who was a bootleg kingpin during Prohibition, later founded Murder Inc., and finally ran gambling operations in Las Vegas and Havana, Cuba for the Genovese family. At the time of Lansky's death in 1983 the FBI estimated that he had a net worth of $300 million, and yet during his long criminal career the G-men never nailed him on a single charge or recovered a single penny. Indeed, the FBI did not even start a file on Lansky until the 1950s, and a review of the file's sparse contents illustrates that the agency's efforts to target him -- a purported top hoodlum -- were half-hearted at best involving little more than the occasional wiretap and a sometimes surveillance. Indeed, the newspaper articles on Lansky which the FBI clipped were more informative on the mobster's activities than the investigator reports. Ironically, Lansky only was arrested in 1972 -- the same year Hoover died -- as a result of an IRS investigation involving an alleged skimming scheme from a Vegas casino, and even that indictment conveniently was dismissed because Lansky was considered too ill to prosecute.
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Today's Stock Market News [Monday, March 23rd, 2020]

Good morning traders and investors of the stocks sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM-

Today's Top Headlines for Monday, March 23rd, 2020

  • U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
  • Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
  • The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
  • Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
  • Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.

STOCK FUTURES CURRENTLY:

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LAST WEEK'S MARKET MAP:

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TODAY'S MARKET MAP:

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LAST WEEK'S S&P SECTORS:

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TODAY'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S UPCOMING IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

($MU $LULU $NKE $PAYS $SIG $PAYX $GME $ONTX $CSIQ $JT $INFO $GO $WGO $LX $SCVL $SNX $HOME $BWAY $AEYE $KBH $RKDA $FDS $ERJ $PRGS $OPGN $SCS $NEOG $PUMP $HYRE $AIR $MYOS $LIQT $SAIC $SCWX $ESLT $VTSI $OCGN $QIWI $WOR $TNP $HTHT)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

()
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N/A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

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FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

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FRIDAY'S INSIDER TRADING FILINGS:

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TODAY'S DIVIDEND CALENDAR:

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THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

  • NFLX
  • MMM
  • PCG
  • AME
  • ITCI
  • GDX
  • CAT
  • URGN
  • MYGN
  • EVBG

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.

STOCK SYMBOL: BA

(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.

STOCK SYMBOL: KO

(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.

STOCK SYMBOL: DE

(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.

STOCK SYMBOL: AMZN

(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.

STOCK SYMBOL: DHR

(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.

STOCK SYMBOL: NFLX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.

STOCK SYMBOL: AAPL

(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.

STOCK SYMBOL: NEM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.

STOCK SYMBOL: OXY

(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.

STOCK SYMBOL: MGM

(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.

STOCK SYMBOL: GILD

(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.

STOCK SYMBOL: BBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.

STOCK SYMBOL: SBUX

(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.

STOCK SYMBOL: TIF

(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.

STOCK SYMBOL: BBBY

(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.

STOCK SYMBOL: MAR

(CLICK HERE FOR LIVE STOCK QUOTE!)

DISCUSS!

What is on everyone's radar for today's trading day ahead here at stocks?

I hope you all have an excellent trading day ahead today on this Monday, March 23rd, 2020! :)

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Lost in the Sauce: Feb. 16 - 22

Welcome to Lost in the Sauce, keeping you caught up on political and legal news that often gets buried in distractions and theater. (the previous edition can be found here if you are super behind).
House-keeping:
  1. How to read: the headings will guide you through this piece. The Main Course covers the “big” stories and The Sides covers the “smaller” stories. IF YOU FOLLOW THE NEWS CLOSELY: you likely know about the stories in the Main Course section, so you will be best served by scrolling down to The Sides portion.
  2. How to support: If you enjoy my work, please consider becoming a patron. I do this to keep track and will never hide behind a paywall, but these projects take a lot of time and effort to create. Even a couple of dollars a month helps. Since someone asked a few weeks ago (thank you!), here's a PayPal option
  3. How to get notifications: If you’d like to be added to my newsletter, use this SIGNUP FORM and you’ll get these recaps in your inbox!
Let’s dig in!

MAIN COURSE

Trump’s war on the intelligence community: 10 days under an authoritarian administration

I wrote a stand-alone piece covering the biggest news from last week: Over the past 10 days, we've seen Trump fully indulge his authoritarian impulses in an attempt to stamp out any inkling of facts that he dislikes - whether that be for personal, egocentric reasons or to shore up political strength. This began with a briefing given to the House Intelligence Committee that Russia is seeking to re-elect Trump. In response, Trump purged the Office of the Director of National Intelligence of officials he perceived to be disloyal, installing loyalists in their place.
Also covered: how Trump gets away with a cabinet full of acting officials, Richard Grenell’s numerous dis-qualifications, a pardon offered to Julian Assange, and the hunt for “Never Trumpers” in the administration.

Sunday night update

On Sunday, Trump made a veiled threat toward House Intelligence Committee Chairman Adam Schiff while claiming without evidence that the Democrat had leaked information from the Russia briefing on Feb. 13: “Somebody please tell incompetent (thanks for my high poll numbers) & corrupt politician Adam ‘Shifty’ Schiff to stop leaking Classified information or, even worse, made up information, to the Fake News Media. Someday he will be caught, & that will be a very unpleasant experience!” tweet
Later, while speaking to reporters, Trump called for an investigation into the leak - more concerned about the public learning of the briefing than he is about Russia’s repeated interference in U.S. elections. “They leaked it, Adam Schiff and his group. They leaked it to the papers and - as usual - they ought to investigate Adam Schiff for leaking that information,” Trump said.
Schiff responded: “Nice deflection, Mr. President. But your false claims fool no one. You welcomed Russian help in 2016, tried to coerce Ukraine’s help in 2019, and won’t protect our elections in 2020.”

Pardon-palooza

Authoritarians also dispense largesse, but they do it by their own whims, rather than pursuant to any system or legal rule. The point of authoritarianism is to concentrate power in the ruler, so the world knows that all actions, good and bad, harsh and generous, come from a single source. (The New Yorker)
Last week, Trump granted pardons and commutations to 11 people with one thing in common: connections. Trump bypassed the process of formal procedures typically used to determine who is given a pardon, instead relying on connections to his wealthy friends and political allies.

Roger Stone going to prison

Perhaps not coincidentally, Trump’s pardoning of corrupt public officials like Blagojevich occurred just two days before Roger Stone’s sentencing for lying to investigators, obstructing a congressional investigation, and witness tampering. Judge Amy Berman Jackson sentenced Stone to 40 months - or 3.3 years - in prison, much lighter than the original 7-9 year sentencing recommendation made by career prosecutors who withdrew from the case in protest of AG Barr’s intervention.
Lawfare has a great line-by-line breakdown of the sentencing hearing, if you’d like the nitty-gritty details. But if you only have time to read one excerpt from the hearing, I suggest the following:
Judge Jackson: “The truth still exists. The truth still matters. Roger Stone's insistence that it doesn't, his belligerence, his pride in his own lies are a threat to our most fundamental institutions, to the very foundation of our democracy...The dismay and the disgust at the attempts by others to defend his actions as just business as usual in our polarized climate should transcend party. The dismay and the disgust with any attempts to interfere with the efforts of prosecutors and members of the judiciary to fulfill their duty should transcend party.
"Sure, the defense is free to say: So what? Who cares? But, I'll say this: Congress cared. The United States Department of Justice and the United States Attorney's Office for the District of Columbia that prosecuted the case and is still prosecuting the case cared. The jurors who served with integrity under difficult circumstances cared. The American people cared. And I care."
Judge Jackson pushes back
During the hearing, Judge Jackson said that the jurors in the case "served with integrity." Stone’s lawyers took this statement and moved to disqualify the judge from the case, claiming that her remarks “rendered her unable to fairly rule on his bid for a new trial.”
"Stone’s Motion for New Trial is directly related to the integrity of a juror. It is alleged that a juror misled the Court regarding her ability to be unbiased and fair and the juror attempted to cover up evidence that would directly contradict her false claims of impartiality," his lawyers argued.
"The premature statement blessing the “integrity of the jury” undermines the appearance of impartiality and presents a strong bias for recusal," they added.
As expected, Jackson denied the motion to have her disqualified...
A pardon for Stone?
But the goal may be to reach the ears of the president instead. According to Politico, a former senior administration official who remains in contact with Trump and his senior advisers says about a pardon for Roger Stone: “It’s not a question of if; it’s when.” Following the sentencing, Trump argued that Stone’s jury was “tainted” and said that “Roger has a very good chance of exoneration.”
On Sunday, Trump was asked about the possibility of a pardon for Stone and instead took the opportunity to attack the jury forewoman, again:
"That juror is so biased and so tainted, that shouldn't happen in our criminal justice system… You have a juror that is obviously tainted. She was an activist against Trump. She said bad things about Trump and bad things about Stone," the President claimed without evidence. "She somehow weaseled her way onto the jury and if that's not a tainted jury then there is no such thing as a tainted jury."

More info on Stone’s lenient sentence

In the week since four prosecutors withdrew from Stone’s case in protest of AG Barr’s interference, we have gotten a slow drip-drip of new information. A piece by The New York Times Sunday summed it up nicely: Timothy Shea, appointed to replace Jessie Liu as head D.C. attorney, was sent to the office specifically to steer cases to the president’s benefit after previous efforts failed.
A new boss, Timothy Shea, had just arrived and had told them on his first day that he wanted a more lenient recommendation for Mr. Stone, and he pushed back hard when they objected, according to two people briefed on the dispute. They grew suspicious that Mr. Shea was helping his longtime friend and boss, Attorney General William P. Barr, soften the sentencing request to please the president.
...The tensions between the office, the Justice Department and the White House date back further than the tumult in the Stone case. They have been simmering since at least last summer, when the office’s investigation of Andrew G. McCabe, a former top F.B.I. official whom the president had long targeted, began to fall apart.
Mr. Shea’s predecessor, Jessie K. Liu, a lawyer whom Mr. Trump had appointed to lead the office in 2017, pressed the McCabe case even after one team of prosecutors concluded that they could not win a conviction. After a second team was brought in and also failed to deliver a grand jury indictment, Ms. Liu’s relationship with Mr. Barr grew strained, people close to them said. She left the position this year, though she and Mr. Barr have both stressed to associates that her departure was amicable.

Undoing Mueller’s work

Trump’s efforts to derail the sentencing of Stone can be seen as part of a larger campaign to rewrite history, and specifically, erase the findings of the Mueller investigation. Roger Stone’s indictment shows that Stone was acting on Trump's personal order to find Hillary Clinton’s campaign emails stolen by Russia. In order to cover-up his role in the Russia-Wikileaks-Trump network, Stone lied to investigators and threatened a witness. By claiming that Stone did not commit a crime, Trump is attempting to reverse the findings of the Mueller report and make himself the victim.
Last week, Trump embarked on a rambling Twitter thread calling for all cases stemming from Mueller’s probe to be “thrown out.” He continued, saying: “If I wasn’t President, I’d be suing everyone all over the place.......BUT MAYBE I STILL WILL. WITCH HUNT!”
Hours later, while discussing the spate of pardons he had issued that day, Trump made the astounding assertion that he is “the chief law enforcement officer of the country” and thus has the “legal right” to interfere in criminal cases. “I’m allowed to be totally involved,” the president added. While technically he is incorrect - the Attorney General is the chief law enforcement officer - in practice Trump has been proven right. A lawless chief executive is in fact in charge of enforcing the law when the Attorney General acts as his personal fixer.
This is in the style of autocrats across the globe, who weaponize the law to help themselves and their friends and hurt their enemies. The nation’s legal system is now run by a man who has spent his life mocking it. (NYT Editorial Board)
Meanwhile, the president’s allies have reportedly been urging him to fire anyone who was involved in Mueller’s investigation:
The MAGA punditry’s outsized influence over the president means their campaign against the so-called Mueller “holdovers” is likely not falling on deaf ears, especially given Trump’s fixation with what his defenders and detractors are saying about his administration in their frequent appearances on his favorite TV programs.
“It's totally unclear to me why any members of the Mueller team need to remain in the Trump DOJ,” the pro-Trump conservative blogger Will Chamberlain wrote after news broke of the Stone sentencing recommendation.
...GOP operative Arthur Schwartz, a close friend of Donald Trump Jr. who has been described as the eldest son’s “fixer,” said of the career officials in question: “I think they should all be investigated.”
...John Dowd, a former Trump lawyer who remains in touch with the White House, characterized the line attorneys in the Stone case as “insubordinate,” and “the same crowd of prosecutors wedded to the Mueller agenda” who need to be “cleaned out” from DOJ. “And Bill Barr is doing that,” Dowd said.
What can be done about the politicization of the DOJ? In an op-ed for The Washington Post, Cass Sunstein of Harvard Law School suggests that “Congress should transform the Justice Department into an independent agency, legally immunized from the president’s day-to-day control.”

Public charge rule takes effect

The Supreme Court voted 5-4 to allow the government to implement new “wealth test” rules making it easier to deny immigrants residency or admission to the United States if they might depend on public-assistance programs. Legal challenges will continue in lower courts in the meantime. Doug Rand, co-founder of Boundless Immigration who formerly worked on immigration policy in the Obama White House, estimates that as many as 400,000 people every year could be denied green cards or visas because of the new rules.
Justice Sonia Sotomayor filed a written dissent that was sharply critical of both the federal government and her conservative colleagues, warning that they are “putting a thumb on the scale in favor of” the Trump administration. Read her full seven-page dissent here.
The justice wrote that granting emergency applications often upends "the normal appellate process" while "putting a thumb on the scale in favor of the party that won." Targeting her conservative colleagues, she said "most troublingly, the Court's recent behavior" has benefited "one litigant over all others."
"Claiming one emergency after another, the Government has recently sought stays in an unprecedented number of cases," Sotomayor said. "It is hard to say what is more troubling," she said, pointing to the case at hand, "that the Government would seek this extraordinary relief seemingly as a matter of course, or that the Court would grant it." CNN

THE SIDES

Justice Department’s new rules benefit Giuliani

In a letter to House Judiciary Committee Chairman Jerry Nadler, the DOJ indicated that the agency has implemented another layer of approval that would make it difficult for prosecutors to widen their probe into Rudy Giuliani:
The Justice Department revealed Tuesday that law enforcement officials running Ukraine-related investigations must seek approval before expanding their inquiries — a move that could have implications for Rudolph W. Giuliani, as President Trump’s personal attorney pushes for scrutiny of the president’s political foes while facing a federal probe into his own conduct.
Assistant Attorney General Stephen E. Boyd wrote to Nadler that the department had tapped two U.S. attorneys to assist in the process — Scott Brady in Pittsburgh to receive and assess new information, and Richard Donoghue in Brooklyn to help coordinate personnel throughout the Justice Department involved in Giuliani’s case and others with a focus on Ukraine. An accompanying internal memo, circulated by Rosen in January, says that he and Donoghue must approve expansions of any inquiries.

Related: The Hill admits John Solomon’s columns were misleading

The Hill’s review of Solomon’s work can be found here. I have found the review itself to be overly generous to the publication (no surprise), so I will quote from a WaPo summary of the review:
In effect, the Hill said Solomon amplified an inaccurate and one-sided narrative about the Bidens and Ukraine that was fed to him by Giuliani, “facilitated” by businessman Lev Parnas, who was working with Giuliani at the time, and reinforced by Solomon’s own attorneys, who also represented clients embroiled in U.S.-Ukraine politics.
But the Hill stopped short of retracting or apologizing for Solomon’s articles, nor did it say it shouldn’t have published them. It also didn’t characterize Solomon’s motives in presenting what appears to be a largely debunked conspiracy theory about Ukraine.
“In certain columns, Solomon failed to identify important details about key Ukrainian sources, including the fact that they had been indicted or were under investigation,” said the internal investigation, which was overseen by the newspaper’s editor, Bob Cusack. “In other cases, the sources were [Solomon’s] own attorneys” — Victoria Toensing and Joseph DiGenova, who have also represented President Trump and Giuliani, who was also a key source for Solomon’s columns.
Solomon didn’t disclose this connection in his columns nor did he disclose to his editors that he shared drafts of his stories with Toensing, DiGenova and Parnas, the review noted.

Trump tries to block Bolton book

The Washington Post reports that Trump is attempting to block the release of former National Security Adviser John Bolton’s book, instructing aides that it should not be released until after the November election.
Trump has told his lawyers that Bolton should not be allowed to publish any of his interactions with him about national security because they are privileged and classified, these people said. He has also repeatedly brought up the book with his team, asking whether Bolton is going to be able to publish it, they said.
Trump told national television anchors on Feb. 4 during an off-the-record lunch that material in the book was “highly classified,” according to notes from one participant in the luncheon. He then called him a “traitor.”
“We’re going to try and block the publication of the book,” Trump said, according to the notes. “After I leave office, he can do this. But not in the White House...I give the guy a break. I give him a job. And then he turns on me,” Trump added during the West Wing lunch. “He’s just making things up.”

Susan Rice tells Bolton the truth

During a panel discussion at Vanderbilt University on Wednesday, Bolton shared the stage with Obama’s national security adviser Susan Rice. Bolton made excuses for his failure to testify in Trump’s impeachment trial, blaming the House for committing “impeachment malpractice.” Rice challenged Bolton repeatedly, denigrating his decision to promote his book instead of testify:
"I thought a lot about if I had been in that position how would I have approached it, and I'll be honest: It's inconceivable to me that if I had firsthand knowledge of gross abuse of presidential power that I would withhold my testimony from a constitutional accountability process.”
"I can't imagine withholding my testimony, with or without a subpoena," Rice said. "I also can't imagine, frankly, in the absence of being able to provide the information directly to Congress, not having exercised my First Amendment right to speak publicly at a time when my testimony or my experience would be relevant. And, frankly, when my subordinates ... were doing their duty and responding in a fashion consistent with their legal obligations to provide information."
"I would feel like I was shamefully violating the oath that I took to support and defend the Constitution."

Trump corruption update

President Donald Trump’s choice to stay at his own Las Vegas hotel each night during the western states swing that wraps up Friday likely cost taxpayers a million extra dollars as well as diverted thousands of them into his own cash registers.
Breaking with precedent, Trump flew back to Vegas to stay every night at his Trump International Hotel, despite his day activities taking place in California, Arizona, and Colorado.
Had Trump held the same events but done so in a geographically logical order ― starting in Beverly Hills and finishing in Colorado Springs, but overnighting each day in the city where he would begin the following morning ― Trump would have spent four fewer hours aboard Air Force One, thereby saving taxpayers about $1.1 million.
...Indeed, the repeated overnight trips to Las Vegas may have forced the Secret Service and other support personnel to keep a motorcade there for a full four days, rather than move it to the site of an upcoming presidential trip
This week, Trump has a whole new country to focus on: India, home to the largest portfolio of Trump real estate projects outside North America, according to the president’s son Donald Trump Jr. According to The Washington Post, since the elder Trump’s last trip to India in 2014, two of his business partners have encountered massive legal and financial trouble.
During Trump’s time as president, the Trump Organization has vigorously promoted their properties in India, earning millions of dollars in royalties:
In 2018, the president’s son, Donald Trump Jr. — who runs the Trump Organization with his brother, Eric Trump — spent several days in India promoting the family’s developments, attending a champagne dinner with condo buyers who plunked down $39,000 deposits and bringing in millions of dollars in new sales. While there, he also met with Modi behind closed doors. The next year, Trump’s Indian business partners flew 100 early buyers of his luxury condos near Delhi to visit Trump Tower and Trump Ferry Point golf course in New York City as a way to generate interest in the properties in India. One attendee gushed afterward about meeting the son of a U.S. president on the trip.

Trump 2020: Cambridge Analytica and Facebook

President Donald Trump’s campaign is bringing on an alum of the controversial data firm Cambridge Analytica...Matt Oczkowski, who served as head of product at Cambridge before it went bankrupt and shut down in 2018, is helping oversee the Trump campaign’s data program...Oczkowski, who also worked on Trump’s 2016 effort, joined the reelection campaign in January, and payments to his company, HuMn Behavior, are expected to show up on Trump’s next campaign finance disclosure later this month. (Politico)
An Axios report revealed where most of Trump’s re-election campaign is spending its advertising budget: on Facebook ads. “Last fall, the campaign urged Facebook to keep the same tools for political advertisers that they make available to companies...Facebook ultimately decided not to change its policies around microtargeting.” However, unlike in 2016, the campaign is also diversifying, “testing new strategies on several dozen platforms, including YouTube, Google, ad exchanges, publisher networks and conservative podcasts.”
  • Side note: The IRS is suing Facebook for $9 million in back taxes, alleging the social media company undervalued intellectual properties when selling them to an Irish subsidiary in 2010. Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.

Erik Prince investigations

There is apparently another investigation into Blackwater Founder - and brother of Education Secretary Betsy DeVos - Erik Prince. The FBI is reportedly investigating Prince “for his 2015 attempt to modify two American-made crop-dusting planes into attack aircraft — a violation of arms trafficking regulations...The planes became part of private military services Prince proposed to sell or use in mercenary operations in Africa and Azerbaijan.”
This new investigation adds to Prince’s legal problems, though he insists that he is untouchable “under this guy,” referring to Trump. The Wall Street Journal reports that the Justice Department is “in the late stages of deciding whether to charge” Prince for allegedly lying to Congress in its Russia probe and violating U.S. export laws in his business dealings overseas.

Trump blocking prominent climate change warning

The United States is against mentioning climate change in the communique of the world’s financial leaders, G20 diplomats said, after a new draft of the joint statement showed the G20 are considering including it as a risk factor to growth...G20 sources said the United States was reluctant to accept language on climate change as a risk to the economy. Reuters
On Sunday, it was announced that the U.S. ultimately agreed to a less-prominent placement for the risks of climate change. It will now appear in language referencing the Financial Stability Board’s work examining the implications of climate change for financial stability.
One of the G20 sources said it was the first time a reference to climate change had been included in a G20 finance communique during Trump’s presidency, even though it was removed from the top of the joint statement. U.S. officials have resisted naming climate change as an economic risk since Trump took office in 2017. One of his first acts as president was to announce Washington’s withdrawal from the Paris climate accord.

Rightwing threats

Last week, two men were arrested in separate incidents involving threats to President Trump’s perceived opponents.
A Michigan man, Brittan J. Atkinson, was arrested on Thursday for sending death threats to Mark Zaid, an attorney for the Ukraine whistleblower. Atkinson sent the threats in November, on the day that Trump held up a photo of Zaid and read some of his tweets at a rally in Louisiana.
"All traitors must die miserable deaths," Atkinson's email read in part, the indictment says. "Those that represent traitors shall meet the same fate[.] We will hunt you down and bleed you out like the pigs you are. We have nothing but time, and you are running out of it, Keep looking over your shoulder[.] We know who you are, where you live, and who you associate with[.] We are all strangers in a crowd to you[.]"
On Wednesday, Salvatore Lippa of New York was arrested for threatening to assault and murder Rep. Adam Schiff and Sen. Chuck Schumer in voicemails last month.
Lippa started the threatening message by calling the congressman "Schiff, Shifty Schiff," invoking the nickname used by President Donald Trump for Schiff, the lead House manager during Trump's impeachment trial.
...When questioned by U.S Capitol Police, Lippa admitted to making the threatening calls to Schiff and Schumer because he said he was upset about the impeachment proceedings, prosecutors said.

State news

  • Washington Post: A second court has temporarily blocked North Carolina’s new voter identification law on the argument that it discriminates against African Americans. The ruling reduces the likelihood that the rule will be in effect in a key swing state during November’s elections. A three-judge panel of the North Carolina Court of Appeals ruled Tuesday that intent to discriminate was a “primary motivating factor” behind the voter ID law, which passed the Republican legislature in late 2018.
  • CBS News: Florida cannot bar felons who served their time from registering to vote simply because they have failed to pay all fines and fees stemming from their cases, a federal appeals court ruled Wednesday.
  • CNN: Mississippi's law banning abortions at the detection of a fetal heartbeat -- as early as six weeks into pregnancy -- will remain blocked, a panel of circuit judges ruled on Thursday...The three-judge panel on the 5th US Circuit Court of Appeals affirmed a lower court's ruling that the Mississippi law unconstitutionally prohibited pre-viability abortions.
  • Tampa Bay Times: A curious request arrived in the inboxes of Florida tax collectors last week from an employee of the Republican National Committee. He asked for “all email addresses that have been collected and are in the possession of the Tax Collector’s Office.” He also wanted any names, property addresses and phone numbers connected to those emails in their records. If the tax collectors had complied, the Republican Party would soon have a valuable trove of personal information for millions of Floridians as it gears up for the 2020 election: A detailed database of many taxpayers’ emails plus the name, address and phone number tied to that email.
  • Associated Press: Most Republican lawmakers refused to attend a Tuesday night session of the Oregon House of Representatives amid a slowdown over anger at a sweeping bill on climate change. Earlier, Republican lawmakers, who are a minority in the House, insisted that bills coming to the floor be read in their entirety instead of being summarized, which slowed things down substantially. The 2020 session of the Legislature lasts only 35 days, being an even-year short session.
  • Q13 Fox News: Efforts to expel a controversial state representative from the Washington Legislature are likely over after no Republicans would sign a letter calling for state Rep. Matt Shea’s expulsion. The Spokesman-Review reports that all 98 members of the state House of Representatives were asked Thursday to sign a letter calling for the expulsion of Spokane Valley Republican. All 56 Democrats signed the letter, but no Republicans did.
CONTINUED BELOW
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$CZR - Casino Entertainment

$CZR - Caesars Entertainment - Casino Entertainment

This is my own DD and my moves.
COVID-19 confirmed cases:
Calif - 54
Ore - 2
Wash - 45
Ariz -2
Utah - 1
All these states border Nevada which is head quarters to $CZR. It is only a matter of time until we get the first case in NV..
People are already weary of traveling and NV makes most of its money off tourist and casinos which is in the hospitality, hotels, entertainment, and travel sector.
The virus imo is going to halt so much of that. With NV being host to so many people from different places of the US again its only a matter of time until we get the first confirmed case and shit hits the fan there. I dont anticipate people wanting to travel as much, much less the western side of the country.

$CZR has lower tier Harrahs all across the country in places like Cali, Illinois, Iowa, NC, Jersey, etc. Some of these places already have exposure to the virus as well.

$CZR is down 16% in the last 3 months, and 8% this week. It has a 52 week low of $8. Yes it is already down a great bit mostly due to the virus but that doesnt mean we cant ride the wave to the Earths core. Shares are trading at $11.51 currently and if you look at todays chart is trending down and has found support at $11.46 for today.

With all that being said their premiums for puts out are fairly cheap...
I filled 4/3 $11.5 puts and set limit buys on 4/3 $11 that im waiting to get filled. I think this will def turn a profit as the virus continue to spread and effect the market
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A thousand words wasn't enough? Here's five thousand.

List acquired here.
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Top 5 Best Hotels in Chicago, Illinois, USA - YouTube A Walkthrough & Memories Of...Circus Circus Hotel Casino ... Rivers Casino Commercial W5: Investigation of money laundering at B.C. casinos ... Baymont Inn and Suites Chicago-Calumet City - Calumet City Hotels, Illinois Ghost screaming in haunted hotel - FULL LENGTH - YouTube Exploring the ABANDONED Riviera Casino! - YouTube Full Hotel Tour: Holiday Inn Express & Suites on Coca-Cola ... Ameristar Casino Hotel - East Chicago Hotels, Indiana

Harrah’s casino features over 1,000 of the hottest slot machines, most Video Poker in town, over 30 table games and a WSOP Poker Room. After an afternoon of gaming, come experience exceptional dining at the Reserve Steakhouse and luxurious comfort in our hotel. Best Casino Hotels in Illinois on Tripadvisor: Find 13,982 traveler reviews, 1,958 candid photos, and prices for 19 casino hotels in Illinois, United States. Hard Rock Casino Proposed in Rockford, Illinois Folds Poker Hand. Posted on: October 21, 2019, 06:00h. Last updated on: October 21, 2019, 10:51h. At Casino Queen our experienced team of casino hosts are here to make your downtown St. Louis gaming experience the best it can be. ... Hotel; RV Park; Packages & Specials; Group Events. Meetings & Events; Group Sales; Visiting. Map & Directions; Sports Shuttle ; Promotions; Marquette. Casino Queen Hosts. Our casino hosts are dedicated to giving you the experience you deserve. Let us help you ... See below for the latest updates on each casino. Nov. 17, 2020. Illinois Gov. JB Pritzker will shut down casinos and video gaming terminals (VGTs) effective midnight on Friday, Nov. 20, according to the Chicago Tribune. The move comes as Illinois is in the midst of arguably its worst COVID-19 stretch to date. Along with gaming facilities, the governor is closing movie theaters, indoor ... Illinois Casino List Illinois Casino List by City; Argosy Casino Alton 1 Piasa Street Alton, IL 62002-6232 (618) 474-7400 (800) 711-4263. Casino Queen and Hotel 200 South Front Street East Saint Louis, IL 6220 (618) 874-5000 (800) 777-0777. Grand Victoria Casino Elgin 250 South Grove Avenue Elgin, IL 60120 847-888-1000 (888) 508-1900. Harrah's ... Jumers Casino Hotel. Show Prices . 348 reviews #3 Best Value of 3 Illinois Casino Spa Hotels “ The casino could be a little looser with the winnings but the selection of slots and tables are just like a Vegas casino. ” “ Although the pool and spa have seen better days we used it anyway. ” There are no more properties that match all of your filters. Clear all filters or view Tripadvisor ... Illinois Governor Signs Chicago Casino Tax Bill, Improves Odds of Downtown Resort. Posted on: July 1, 2020, 09:40h. Last updated on: July 1, 2020, 12:11h. All properties in Joliet, Illinois, United States of America. 1 room, 2 adults. Change search. Destination, property, or landmark. Check-in. Check-out. Rooms. Room 1: Adults. Aged 18+ Children. 0-17. Age at check in: Child 1: Search. Harrah's Joliet Casino & Hotel 3.5-star 3.5 stars. 151 N Joliet St, Joliet, IL, 60432, United States of America. Riverfront hotel with 4 restaurants, near Harrah ... Hyatt Rosemont- official site. Visit the Hyatt Rosemont hotel in Des Plaines, just seconds from the brand new Rivers Casino and minutes from suburban Chicago attractions. Our hotel in Des Plaines, Illinois is great for business and leisure travelers alike.

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Top 5 Best Hotels in Chicago, Illinois, USA - YouTube

Ameristar Casino Hotel 3 Stars Hotel in East Chicago, Indiana Within US Travel Directory Featuring a 56,000 sq ft casino, the Ameristar Casino Hotel is located in Indiana. The Riviera Hotel and Casino closed its doors on May 4th, 2015. The Riviera meant alot to my wife and I because its the first hotel we stayed at while on vac... WATCH the full length Documentary at: www.blackwellghost.com**UPDATE: Due to legal matters, I am not allowed to say any more information regarding the exact ... Rivers Casino is Chicagoland's newest gaming and entertainment destination. Located in Des Plaines, IL, Rivers is just minutes from O'Hare International Airport and downtown Chicago. The state-of ... Baymont Inn and Suites Chicago-Calumet City 3 Stars Hotel in Calumet City, Illinois Within US Travel DirectoryLocated off Interstate 94, this Calumet City hotel is 30 minutes’ drive south of ... Check out my shop! mattbridgervlogs.co.uk A whistleblower who claims he saw evidence of organized crime and money laundering in B.C.'s casinos is speaking out. W5's Kevin Newman investigates how deep... Are you looking for a best hotel in Chicago for couples or families? Check best deal now: http://travel.tourmaker.com.bd/hotels?destination=Chicago Are you l... That's right! Today is my birthday, what a better way to celebrate is a hotel tour at the Holiday Inn Express Hotel which it was used to be theWingate by Wyn...

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