Peergame launches first on-chain roulette game for Bitcoin
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The luck of the Irish has Ireland at the top of global gambling spend


It may not have originated in Ireland, but the phrase “the luck of the Irish” rings loudly in the country. According to The Irish Post, more money is spent, per capita, on gambling in Ireland than in almost all other countries around the world. Only in two countries – Australia and Singapore – is more spent hitting the slots and the tables than in Ireland.The media outlet doesn’t source its data, but indicates that the Irish love online gambling more than any other form. Online gambling spend is 60%, greatly superior to other forms gambling and sports gambling, which only accounts for 15% of the money. The lottery receives a 10% cut, the same amount given to gambling machines and slots. Casinos, of which Ireland has around 20, pick up 5% of the action.While Australia and Singapore may see more gambling spend per capita, Ireland is the hands-down winner in online gaming spend, with The Irish Post asserting, “Ireland takes the lead globally when it comes to online gambling.” It adds, “With almost 3 billion American dollars spent on gambling and betting every year, that means that each man, woman, and child in Ireland are spending roughly 500 [euros] ($607) annually on this type of entertainment.”The media outlet further indicates that online gambling is most popular in Ireland because the segment is more regulated. It cites “outdated laws” that some casinos are exploiting to attract attention, but the transparency and accountability afforded gamblers by online operators give them an edge. The Irish Post explains that, according to reports, many Irish would prefer to gamble in a British casino than in a domestic one, possibly as a result of the outdated laws.Even before the COVID-19 pandemic, the Irish loved to gamble online and the segment increased about 15% each year. Last year, with the coronavirus in full swing, the numbers jumped substantially and, with the introduction of live online casino games and live sports gambling, the online segment has skyrocketed in popularity. Online gambling is inarguably the future, looking down the road 20 to 30 years, but it’s never too early for casino operators to start preparing.Surprisingly, the U.S. ranks fifth in terms of per-capita gambling spend, even less than Finland. However, with a population of over 330 million, it’s the largest market available. $120 billion was spent on gambling in the country in 2019, while the Irish spent $2.7 billion through its population of less than five million.

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Polk Crosses $1M in Winnings Vs. Negreanu
MILLIONS Online

Smiljkovic Leads Final 25 in the MILLIONS Online Mini Main Event

The $1,100 MILLIONS Online Mini Main Event field is down to only 25 players and it is Daniel Smiljkovic who leads the way. Smiljkovic is one of two players who finished Day 2 with a stack containing more than 100 million chips, 133,639,726 to be exact.
Smiljkovic has more than $3.4 million in online poker tournament cashes thanks, in part, to a near $50,000 score right here at partypoker. The Austrian won the High Roller One Shot in early February. Finishing fourth or betting in the MILLIONS Online Mini Main Event will best that impressive result.
Hungarian Laszlo Molnar is the other player with a nine-figure stack, namely 127,876,651 chips. Molnar is best known for his high stakes cash game grinding, but he certainly knows his way around a tournament table. It would take a brave person to bet against Molnar going all the way now that he’s so deep stacked.
Jamie O’Connor is another player to look out for when play resumes at 19:05 GMT on February 16. O’Connor won The Big Game on Sunday and now finds himself with enough chips for fourth-place when play in the MILLIONS Online Mini Main Event resumes.
Some of the other players to keep an eye on include start of Day 2 chip leader Sebastian Henao (66,391,911), and Irish Poker Masters Main Event champion Will Kassouf (26,467,500).
MILLIONS Online #01 Mini Main Event Top 10 Chip Counts

Place
Player
Country
Chips

1
Daniel Smiljkovic
Austria
133,639,726

2
Laszlo Molnar
Hungary
127,876,651

3
Leonid Orman
Russia
69,596,672

4
Jamie O’Connor
United Kingdom
68,136,629

5
Sebastian Henao
Mexico
66,391,911

6
Jon De Antonana
Malta
63,121,950

7
Francois Pirault
United Kingdom
62,496,167

8
Justin Ouimette
Canada
62,015,858

9
Rui Da Silva
Croatia
60,684,243

10
Carlos Chadha-Villamarin
Canada
60,478,888

Arikan Takes Down Mini Second Chance Event
Murat Arikan took down the MILLIONS Online #02 Mini Second Chance Turbo and turned his $530 into $14,821.
A field of 121 players took to the felt and only 20 of them saw a return on their investment. Sweden’s Andreas Berggren was the unfortunate soul who burst the money bubble, paving the way for the likes of Joseph Cheong, Roberto Romanello and Diego Cuellar to cash.
High stakes guru Byron Kaverman was the first finalist to fall. Sarah Forbes, Kasper Juulsen, Arnaud Enselme, and Brener Vicente followed Kaverman to the rail.
Rick De Boer and Alastair Smith crashed out to leave Arikan and Stoyan Kitanov heads-up. Arikan got the job done and collected the $14,821 top prize, leaving Kitanov to console himself with the $9,537 runner-up prize.
MILLIONS Online #02 Mini Second Chance Turbo Final Table Results

Place
Player
Country
Prize

1
Murat Arikan
Netherlands
$14,821

2
Stoyan Kitanov
Bulgaria
$9,537

3
Alastair Smith
United Kingdom
$6,543

4
Rock De Boer
Netherlands
$4,626

5
Brener Vicente
Brazil
$3,433

6
Arnaud Enselme
United Kingdom
$2,474

7
Kasper Juulsen
Denmark
$2,322

8
Sarah Forbes
Canada
$1,974

9
Byron Kaverman
Canada
$1,637

What’s In Store On February 16?
There’s plenty of MILLIONS Online action on February 16. First, the Mini Main Event plays down to its final table and we can’t wait to see who reaches it.
At the same time, 19:05, some of the world’s best players will battle it out in the MILLIONS Online #03 6-Max High Roller, a $10,300 buy-in one-day event with $500,000 guaranteed. An hour later, at 20:05 GMT, is the MILLIONS Online #04 6-Max High Roller Turbo, a $5,200 buy-in one-day event with $200,000 guaranteed.
Love poker? Join party!
If you’re ready to jump into the action, then click here to download partypoker and get started!
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GGPoker Adds More Variety to No-Strings-Attached “Daily Freebie” Promotion

Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded.

During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls.

All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes.

The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase.

“GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker.

“We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.”

For existing players, Daily Freebie is available immediately—just log in and claim.

If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses.

How the GGPoker Daily Freebie Promotion Works

The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021.

One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin.

This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.*

Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded.

The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon.

Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge.

As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes.

The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie.

Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison.

The overall feedback for the new tournament format has been very positive, as outlined by Burke.

“Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.”

Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February.

The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.

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ISL 2020-21 | Odisha FC will go with gameplan to get results, asserts Gerald Peyton



Odisha FC head coach Gerald Peyton has revealed that they are going with a gameplan when they face FC Goa at the Fatorda Stadium, this Wednesday evening. The ‘Juggernauts’, placed at the bottom of the table, have won just one game in the season and collected 9 points from 17 matches so far.Odisha FC’s Interim Head Coach Gerry Peyton is now ready with a gameplan for the home team FC Goa for their next game in the Hero Indian Super League (ISL). Attending the Pre-Match Press Conference ahead of the upcoming match against the Gaurs, he said that it is difficult to play matches in quick succession; however, he will want certain players to be fresh and have legs to do well tomorrow.“They have done well because of which they are at the top of the table. I think all the top teams now, like Mumbai yesterday, are showing little bit of nerves. We will go there with a gameplan to do well and get a result,” the 64-year-old professional explained.“I think it’s (playing back-to-back games) very difficult because we only finished last night going through all the details. Now I am starting to prepare for the training today with all the information how we are going to play against Goa. That sort of things – quick succession of games, the physical demands on the players, who is fit and who is not fit, having players fit…. Like last game, I rested Diego (Mauricio) thinking he comes on second half and then I want him fresh for the game against Goa. I want Diego to score two or three goals against Goa. I know I am asking too much, I always ask too much. I want Brad (Inman) fresh and I want certain payers fresh so that we have legs to do well against Goa.”Elaborating more about Odisha FC’s plan, he mentioned, “When you look at the second half against NorthEast, we had a high percentage of passing, higher than them. We also had 81% accuracy of pass and against Goa, they are a good passing team. I know their tactics; I know how they will play against us. We will play in a certain way. After 15 minutes, we seem to settle down and then start to pass or we start to get our game together. This is going to be important that we start straight from the off.”With three games to go for the Kalinga Warriors in the seventh season of the League, Coach Peyton, who had joined before the start of the season as an Assistant Coach, said that he is now preparing the team for the next ISL season. “We are now preparing Odisha for next season. What I have said to the players is – This is your challenge. If you want to be successful next season then you have to prepare now for next season. Everything you do now is in preparation to get off to a winning start next season. If you don’t prepare now and let this season go, you are still in that state of mind when you start next season. These three games are very important,” the former Arsenal Coach asserted. Follow us on Facebook hereStay connected with us on Twitter hereLike and share our Instagram page here .

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Polk Crosses $1M in Winnings Vs. Negreanu
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Win a Share of $1.5 Million in PokerStars’ Tetris® Spin & Go Games

February 16, 2021
Matthew Pitt

Tetris® combines with Spin & Go tournaments at PokerStars in a fun promotion that sees $1.5 million paid out between February 15 and March 28.
Head to the Spin & Go lobby in the PokerStars client and you’ll see there are Tetris® Spin & Go games with buy-ins of $0.25, $1, $2, $5, $10, $25, $50, $100, $250, and $500. They all play out the exact same way as a traditional Spin & Go, meaning they’re three-handed hyper-turbo tournaments where the prize pool is randomly determined before the first hand is dealt.
It’s still possible to win up to $1 million in some of these game, but there are a few notable differences.
First, the virtual felt is made up of Tetris® blocks, which actually looks pretty cool. Also, the dealer button is now a Tetris® block too, and other blocks fall down the screen.
The Tetris® part of the promotion comes in the form of leaderboards. There’s a separate leaderboard for each Tetris® Spin & Go buy-in level, so 10 in total. You need to opt-in and then fire up some Tetris® Spin & Go tournaments.
Play your tournaments as you would ordinarily, but do so knowing the aim of the game is to clear lines, just like in Tetris®. The number of lines you clear depends on your Spin & Go multiplier and your finishing position in the tournament.
Your level increases each time you clear five lines. This results in you earning even more points so you can climb up your leaderboard faster.
The 2021 Guide to PokerStars Spin and Go Poker
How Many Lines Do I Clear?
 1st2nd3rd

2×432

3×321

Over 3×211

As you can see from the table above, finishing in 1st place in a Tetris® Spin & Go that has a 2x multiplier clears four lines. Just playing a tournament earns you points.
How Do You Earn Points?
The number of leaderboard points you earn is based on your finishing position and your current level. You start off earning 40 points for clearing one line when you’re at Level 0, but this increases to 840 points if you manage to climb to Level 20, which is the highest level you can achieve.
It is possible to earn up to 25,200 points per Tetris® Spin & Go tournament, as you can see in this table.
LevelPoints for 1 LinePoints for 2 LinesPoints for 3 LinesPoints four 4 Lines

0401003001,200

1802006002,400

21203009003,600

31604001,2004,800

n=40*(n+1)=100*(n+1)=300*(n+1)=1,200*(n+1)

208402,1006,30025,200

Tetris® Spin & Go Payout Table
The leaderboards payout $33,000 every day throughout the promotion making for a combined total of $1,500,000 just for playing Tetris® Spin & Go tournaments.
The $0.25, $1, $2, and $5 leaderboard payout the top 100 points earners, so you have a decent chance of walking away with a cash prize. The prizes don’t have any restrictions on them meaning you’re free to do with them as you wish.
 $0.25$1$2$5$10$25$50$100$250$500

1$50$150$250$400$500$500$750$1,000$1,500$3,000

2$40$100$200$300$400$400$600$800$1,000 

3$30$75$150$250$350$350$500$600$750 

4$20$50$100$200$300$300$400$500$500 

5$15$25$50$150$250$250$300$400$500 

6-10$10$20$40$100$150$150$150$200  

11-20$5$10$20$50$100$100$100$100  

21-50$5$5$10$25$50$50    

51-100$5$5$5$10      

Spin & Go Your Way to a PokerStars Sunday Million Seat
The Tetris® Playing Field – Avoid Hitting Game Over
There’s an extra element to this promotion that you have to be aware of at all times. PokerStars calls it the Playing Field.
Just like in a game of Tetris® where it is Game Over when the blocks reach the top of the screen, it can be game over for you if you go on a streak of out of the money finishes!
Finishing in first place either improves your Playing Field status or makes zero change to it. Finish in second place, however, and your Playing Field status either stays the same or actually worsens, which is also the case when you finish in third place.
Your table, or playing field, is green in color when your Playing Field is in a good state. It turns amber when it is worsening and turns red when you’re in big trouble. Failing to win when your playing field is red could see you reach Game Over which means you cannot earn any more leaderboard points until the next day!
The changes to your playing field status depend on your current level.
 1st place 2nd place 3rd place  

LevelImproveNo ChangeNo ChanceWorsenNo ChangeWorsen 

0-1100%0%100%0%100%0% 

2-580%20%80%20%50%50% 

6-960%40%60%40%40%60% 

10-1340%60%40%60%30%70% 

14-1720%80%20%80%200%80% 

18-2020%80%20%80%10%90% 

Get Involved in the Tetris® Spin & Go Promotion
With $33,000 waiting to be won every day until March 28 there’s no time to waste if you want to win some free cash.
Download PokerStars via PokerNews, enter the bonus code “STARS600” when making your first deposit and PokerStars will match your deposit 100% up to $600. In fact, your first three deposits in a 90-day window are matched 100% up to a combined maximum of $600.
All you need to do then is opt-in and fire up some Tetris® Spin & Go tournaments and see if you can pad your bankroll with some of the $1.5 million that’s guaranteed to be won. That and try not to spend the rest of the day humming the famous Tetris® tune!
The Stars Group is a majority shareholder in Oddschecker Global Media, the parent company of PokerNews.

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Thousands of jobs available at tribal casinos


With millions of Americans out of work, the first sign of a recovery has to be in new jobs coming on the market. The tribal gaming industry is doing its part, with several operators posting new jobs in the past few weeks.Seneca Gaming Corporation has lots of jobs available at the Seneca Niagara Resort & Casino in Niagara Falls and Seneca Buffalo Creek Casino in downtown Buffalo. The operator will be hosting a job fair for open positions on February 25 between 10:00am and 6:00pm.“Even with the changes and challenges everyone has gone through over the past year, Seneca Gaming Corporation has remained one of the largest employers in Western New York, and we are excited to be growing our team across a variety of departments,” said Meghan Smith, Seneca Gaming Corporation’s vice president of human resources. “We truly believe that the time we spend at work should be rewarding, fulfilling and fun. That’s how we approach our jobs every day. If people are looking an opportunity in that type of environment, we are ready to talk to them.”Attendees can check out what’s on offer in person or virtually, but should be ready for an interview at a moment’s notice.On the other side of the country, the San Manuel Band of Mission Indians are also on the look out for fresh talent. That operator has more than 500 jobs to fill, with as many as 2000 coming for the rest of the year. They’ll be having their virtual career fair on February 18 from 9:00am to 4:00pm.“The expansion of San Manuel will offer an economic boost to the local job market at a time when it is really needed,” said Brigitte Saria, Chief People and Infrastructure Officer. “Our efforts to boost the local economy are guided by our commitment to ensuring our employment process and work environment follow leading health and safety standards.”The Chukchansi Gold Resort and Casino in Coarsegold, California are also hiring. The tribe is looking for 50 full-time and part-time positions, and will have a job fair on February 23 from 10:00am to 1:00pm.Add those jobs to the 150 that Oneida Nation Enterprises were offering as of last week, and there’s a lot to be hopeful for about the future of the economy, and particularly that of tribal gaming.Connecticut tribes close to new dealGovernor Ned Lamont wants sports betting in his state, and he needs a new deal with the tribes to get it done. He used his budget address to emphasize the push:“My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age. And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest [of] the entire state.”Construction resumes at Four WindsThe Pokagon Band of Potawatomi Indians’ contractor recently resumed building a hotel at Four Winds South Bend Casino. Construction slowed down significantly due to Covid-19.The new 23-story hotel was originally due to be completed this year. But with construction crews only working on the foundation now after a 10-month delay, maybe 2022 seems more accurate.

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Glorious Guardians Slot Review


Glorious Guardians is going to be a joint title, from Ash Gaming and Playtech, one of the 2021 slot games that will be coming out from this developer. The base for this one comes from China and from its amazing creatures specifically. We see the concept both in its design and in its utilization of Twin Symbols during its major feature.Glorious Guardians gives 5×3 reels. The slot will settle up to 2,000x the stake through its fixed bonanzas. It’s major features are the Wild, free spins with Twin Symbols and scattersBetting and Prizes A few fixed bonanzas can be delivered by Glorious Guardians. These are the Mega Jackpot of 2,000x the stake, Major Jackpot of 200x the stake and Mini Jackpot of 50x the stake.Glorious Guardians Slot Features In spite of the fact that extremely basic for an uncommon feature, the Wild image is as yet going to have a significant effect over the long haul, and for some it might simply do what’s necessary to transform a losing meeting into a productive one. The manner in which it works is standard, as a substitute that you can utilize while framing new blends, given that you get different images which are required.The huge feature of Glorious Guardians will depend on the free spins however. When you get those set off, you will locate that the first and fifth reels will have coordinating images on them, with the guardians covering both. During the free spins, this can make it simpler to shape 5 image mixes of that kind.Theme and Design Obviously, there is a major spotlight on the creatures mentioned in the story of China and I love how Playtech and Ash Gaming managed it design wise. We’re taking a look at a background picture showing palaces and sculptures of these creatures on the two sides while the reels mark the outer reels with red and the center ones are kept separate.Images will give you pictures of the Royals at first, beautiful but standard choices in any case. You at that point proceed onward to images with the creatures (Dragons in green or gold, White Tigers, Phoenix Bird Turtles) and the feature triggers (Wild).ConclusionGlorious Guardian is generally a good slot machine with nice features, so you can try it out.

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European Golden Shoe 2020/21: Messi on the leaderboard but Lewandowski scores again


Lionel Messi scored two goals of the highest quality in La Liga this weekend to take his tally to 15 for the season.Both of the Argentine’s goals were scored from outside the box in superb fashion, as he helped Barcelona on their way to a 5-1 win against Alaves.Messi may now make our leaderboard, but he is still some way off reaching the runaway leader, Robert Lewandowski.The Bayern striker scored again on Monday in the German side’s rearranged Bundesliga match versus Arminia Bielefeld which was moved due to their Club World Cup exploits over the weekend.Lewandowski now has 25 goals and 50 points.His nearest rival for the Golden Shoe is fellow Bundesliga striker Andre Silva, who has now scored 18 for the season.Liverpool may have lost against Leicester, but Mohamed Salah still scored a lovely goal to take his tally to 17.Georgios Giakoumakis of Venlo has scored an impressive 22 goals and is the highest player on our list who doesn’t feature within one of Europe’s top five leagues.A talented group on 16 goals for the campaign includes Cristiano Ronaldo, Kylian Mbappe, Romelu Lukaku, and Luis Suarez.2020/21 EUROPEAN GOLDEN SHOE STANDINGS 2020/21 European Golden ShoeA reminder: The five elite leagues – Premier League, La Liga, Bundesliga, Serie A and Ligue 1 – all carry a weighting of 2, meaning that a player will be awarded two points for every goal they score in these competitions. For the leagues ranked sixth to 30 in Uefa’s coefficients rankings goals scored are given a weighting of 1.5, and goals scored in a league outwith the top 30, goals are given a weighting of 1. Ciro Immobile won the 2019/20 European Golden Shoe, scoring 36 goals for Lazio in a tremendous Serie A season. 2020/21 EUROPEAN GOLDEN SHOE (Summer Leagues) 2020 European Golden ShoePlayerTeamGoalsPointsKasper JunkerBomo/Glimt2740.5Amahl PellegrinoKristiansund2537.5Philip ZinckernagelBodo/Glimt1928.5Christoffer NymanNorrköping1827Rauno SappinenFlora Tallinn2626Veton BerishaViking1624Astrit SelmaniVerbergs1522.5Mushaga BakengaOdds BK1522.5Moses OgbuMjallby1421Anders ChristiansenMalmo1319.5Leke JamesMolde1219.5Maksim SkavyshBATE Borisov1919This is the 2020/21 European Golden Shoe race. If you want to see the final standing for the 2019/20 European Golden Shoe, follow this link.

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2021 tokyo Olympics

India pull out of ISSF World Cup owing to quarantine rules



India is not going to participate in the ISSF (International Shooting Sports Federation) World Cup in Changwon, due to South Korea’s mandatory 14-day quarantine rule. India is also set to host a World Cup later on, from March 18 to 29, at the Dr. Karni Shooting Range, in Delhi.Shooting has been India’s forte in multi-sport events in recent times, and the country is expecting a few medals from the discipline in the upcoming 2021 Tokyo Olympics as well. With few months left for the mega event to kick-off, the shooters are in a race against time to prepare for it, while the upcoming ISSF World Cup was a major part of it. But, as per the recent reports, India will not take part in the meet in Changwon, due to South Korea’s mandatory 14-day quarantine rule, which will not allow the athletes to train during that period.”Our shooters are not going to be participating in the World Cup in Korea as there is a 14-day mandatory quarantine. That means they will not be able to train for that period,” said a top official of the (NRAI) National Rifle Association of India, as reported by PTI.The ISSF World Cup, in Changwon, which is scheduled to be held from April 16 to 27, is a combined tournament, featuring shooters from rifle, pistol, and shotgun events competing for medals. The organisers have clearly stated that they are not going to exempt the shooters from the mandatory 14-day quarantine rule. India is also set to host a World Cup, from March 18 to 29, at the Dr. Karni Shooting in Delhi.Follow us on Facebook hereStay connected with us on Twitter hereLike and share our Instagram page here .

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Did the next Macau bubble just start two weeks ago?


The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.

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