Chinese Lottery Gets You A brand new Car Possibly

In a bid to reduce pollution and smog surrounding the heavily polluted Chinese city of Shijiazhuang (try saying that three times fast), a new kind of lottery is being introduced. But winning this lottery doesn't produce monetary independence and an extravagant lifestyle; instead it entitles you to purchase a vehicle that is new.

She actually is Got a Ticket to Ride

Licenses to obtain a car within the town and enabling you to drive will be issued with a lottery, because the local officials have had to take drastic measures to cut back the smog and carbon footprint associated with the town.

Shijiazhuang, the capital of this steel-producing Hebei province which surrounds Beijing, has now become the latest locality from the greatest auto market on earth to introduce this kind of measure. Other cities that are chinese have imposed a limitation on vehicle purchases include Beijing, Guangzhou, Shanghai and Guiyang.

How many brand new cars in Shijiazhuang will likely be limited to 100,000 for the year, and households within the town will be limited to owning 'just' two cars each, according to the local government site.

The authorities go on to state that the true quantity of brand new automobiles allowed will likely be further paid down to 90,000 in 2015, and those able to buy cars will be determined employing a lottery structure.

Efforts to Lower Emissions

This move comes as an element of China's vow to improve their efforts to lowe

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Cantor Gaming CEO Under Possible Investigation by Feds

CEO Lee Amaitis (center) recently opened the Cantor Gaming Atlantis sports book; some say he is under federal scrutiny now

Maybe Not a goes by in the gaming universe without someone in a position of power somewhere being scrutinized by the feds anymore, it seems day. Now Cantor Gaming CEO Lee Amaitis is under the limelight, according to the The Wall Street Journal, on the layer tail of colleague Michael Colbert Cantor's now released vice president of danger management who pled guilty month that is just last knowingly accepting unlawful bets.

Denial from the Top

Parent company Cantor Fitzgerald was quick to deny the rumor, however, saying in a issued statement: 'We feel compelled to address this irresponsible and baseless rumor. The notion that Lee Amaitis is a target of federal prosecutors or that he participated in unlawful bookmaking is false and baseless.'

Of course, Anthony Weiner also vehemently denied he was still sexting, so there you go regarding denials of rumors.

Accepting wagers from 'runners' people whom place wagers for an operation is illegal in Nevada, where Cantor Gaming is headquartered.

It could definitely behoove the sports book company to distance themselves from any further insinuations of illegalities, given that Amaitis just attended opening ceremonies for a new Cantor Gaming race and sports books at the Atlantis Casino on Paradise Island into the Bahamas. The company now has eight sports publications in Las Vegas, runs the Palms Casino poker space, and provides mobile betting apps, combined with new Atlantis book, which is their first run outside of Nevada.

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Carl Icahn Sells Tropicana Entertainment, as Billionaire Exits Casino Business

Billionaire investor Carl Icahn is reportedly cashing in his casino chips and exiting the gaming business.

Carl Icahn's days as a casino owner are coming to a conclusion.

On Monday, Icahn Enterprises announced it is attempting to sell Tropicana Entertainment and six of its eight casinos to estate that is real trust video Gaming and Leisure Properties (GLP) in a deal totaled at $1.85 billion.

GLP is paying Icahn $1.21 billion, and Reno-based Eldorado Resorts will take over the leases associated with resorts and pay $640 million.

Icahn praised their business for saving Tropicana Entertainment, which it acquired a bulk stake in a decade ago in 2008.

'Tropicana was bankrupt and desperately required leadership that is new. By hiring a fantastic CEO … and a great administration team, and by reinvesting each and every penny of profits back into the company, we turned Tropicana into a good casino company,' the billionaire declared.

Tropicana Entertainment owns and operates eight casinos in Indiana, Louisiana, Mississippi, Nevada, Missouri, nj-new Jersey, and Aruba.

This week's deal doesn't are the organization's casino resort in Aruba, nor the shut former Trump Plaza in Atlantic City. Icahn said those two properties will be offered at a date that is later.

Tropicana Las Vegas can be not part of the offer, as the Strip resort is owned by Penn National Gaming.

Icahn Exits Casinos

Carl Icahn is actually a raider that is corporate purchases struggling businesses at deep discounts and later sells them for massive profits.