All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65.
Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos
(Bad) sign of things to come for Vegas? Surprised that Adelson would want to sell basically at the lows; things must be looking pretty bleak on the Strip to consider dumping Las Vegas. REAL ESTATE News Wire Company News Investing 17m ago Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos Gillian Tan and Christopher Palmeri, Bloomberg News Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. , Bloomberg (Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca. The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private. The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo. A representative for the company confirmed it was in very early discussions about a sale and that nothing has been finalized. A sale would result in Adelson, one of the world’s richest men, exiting the U.S., with his remaining casino assets concentrated in Macau and Singapore. Adelson is chairman, chief executive officer and a majority shareholder of Las Vegas Sands, which has a market value of $37.5 billion. The stock rose as high as 12% in after-hours trading Monday, after Bloomberg reported on the news of the deal. The stock had closed down 3.1% to $49.13. https://www.bnnbloomberg.ca/adelson-s-las-vegas-sands-exploring-6-billion-sale-of-vegas-casinos-1.1513344
Guess the Company #3 (ticker trivia / due diligence)
Previously on Guess the Company Hi fellow kids, I'm back again today with yet another DD where I reveal the ticker at the end rather than the beginning. Let's see how many clues it takes for you to correctly guess today's company: -This company's Q2 2020 revenues dropped 98% compared to a year ago, and its quarterly EPS plunged from $1.24 in Q2 2019 to a loss of ($1.07) in Q2 2020. -Despite these revenue numbers, shareholders were barely fazed and the stock continued to trade sideways between $40-$50 from June to November 2020 -If you bought $10000 of this stock at its all time low in March 2009, you would be receiving about twice that much in annual dividends up until it was suspended in Q2 2020 due to the pandemic -As part of the terms of a $1.5 billion credit facility, this company is not permitted to pay dividend until Q4 2021 unless it can maintain a $1 billion+ liquidity after paying the dividend. -During the height of the financial crisis in 09, this company was reportedly losing $1000 per *second* -When this company was about to go bankrupt, its owner dug into his own pockets and loaned the company $1 billion -Before his company's stocks took a nosedive in 2008, the owner of this company was briefly the 3rd richest person in the USA behind only Bill Gates and Warren Buffet -Although this company is based in Paradise, NV, the majority of its revenues comes from China. More specifically, Macau, China. -In 2010 this company built a $6.88 billion resort in Singapore, billed the world's "most expensive standalone casino property" -With annual revenues of $14 billion, this company is the largest casino operator in the world by market capitalization Have you made your guess yet? If your guess was LVS , you are correct! Outlook for LVS: There are speculations that LVS might sell its Las Vegas Strip properties to a REIT and then lease them back, a move that would raise about $6 billion and allow it to further focus its efforts in Asia where most of its revenues come from. Although my outlook for LVS is bullish, I expect this stock to trade mostly sideways until later this year or early 2022 when it resumes paying dividends to shareholders. OPTAP: $75
Can someone put this on WSB for me- they have upped their BOTS and new accounts cant post at all
Sir, this is (Literally) a Casino. This is not Advice DO YOUR OWN DD What do WSB and LVS have in common- Autists trying to make cash and make it quick. Now, the pandemic has slowed down Casino’s of the like due to social distance measures and lack of tourism. LVS has casinos all over the world from Vegas, to Macao to Singapore. They’ve been hit hard but there is a light of hope. Because, regardless of a recession, depression or a pandemic people will always gamble. They've got no money? They will find $10 and hope it turns into a $100. Here we go, let's get horns- Prelude- This is the company that owns that Huge Building in Singapore shaped like a cruise ship in the sky and charged me $40 for a bottle of water with dinner. #1 MGM was upgraded but research houses reduced Las Vegas Sands due to their Asia exposure? I am sorry, what? Have you seen Asia? They are literally throwing festivals in China, Japan, Singapore and Australia etc. If you have ever been to a Asian country you will find that they love to Drink, Smoke and Gamble. I feel if you are going into a Casino/gambling company you NEED Asian Exposure. I could continue for many points on Asian casino’s but I’d lose concentration. #2- Dr Michael Burry, He is at it again, its no lie, I love him. He only has 2% of his portfolio invested in LVS but hey, he only had 4.3% in the stock that mustn't be named. Side note- Burry tweeted during the Superbowl about Covid 19 becoming an Endemic and wonders when markets will realise this. This seems Bullish to me. But my smooth Brain could be wrong #3 The House Always wins. People are going to come back, business will boom again and people are going to bet harder than they have before and the house always wins. #4 Hotels, Dining, Entertainment, Conventions and Exhibitions will all be sort after activities. Sands have a finger in each of these pies. #5 Online Casinos- there’s been rumors about them moving into deals with online casinos- which could future proof anything along the lines of this pandemic again as well as increasing their reach to a digital level. In fact, they have targeted 888 Holdings. https://www.casino.org/news/las-vegas-sands-could-make-run-at-888-holdings-to-move-into-igaming/ #6 Investing in themselves They aren’t afraid to spend money- they're about to invest another $10b into Macau. Quote from earnings call- · “When the Macanese government makes its decision I think we will continue upon a rather solid capital investment which I know is howSheldonfelt, to grab that opportunity with both hands.” · “There is just no place like Macau [and] we’re not done in Macau. We’re going to be there for many more years. · “When all this goes away, I bet one thing that will happen is the Macau government is going to necessitate that licensees make investments in Macau and we want to be there and be ready.” · Noting that LVS is already in the midst of a US$3.3 billion expansion of its Marina Bay Sands property in Singapore, Goldstein observed, “These are not small investments, they are in the billions of dollars, so we have to be prepared for outside investments in our best markets, which are Macau and Singapore for crazy growth.” #7 Numbers · Earnings forecast to grow 88% vs 70% industry/20% market · Volatility over the past 3 months has been low compared to rest of market. · Forecast to become profitable over the next 3 years · Revenue forecast to grow 33% per year- which is 3 times faster than the US Market (10.6%) · ROE forecast at 47% Numbers are from SimplyWallSt.com This isn’t advice, please do your own DD. Inb4 “Ok Boomer” Still on the pokemon train TLDR · House always wins · Dr Burry · Asia most likely to be back to normal before the US · Hotels, Casinos, Entertainment, Dining will continue to go off in Asia · Online Casino’s partnership/acquisitions · They are seeking growth and lots of it. Positon- 180 Shares
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All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65. P.S. I know that I am no legend like u/DeepFuckingValue, but I like this stock!!
Singapore expat jobs under threat in recession, local hire push
https://www.businesstimes.com.sg/government-economy/singapore-expat-jobs-under-threat-in-recession-local-hire-push Singapore has long been the city of choice for Western expats wanting an easy entree into Asia. Clean, efficient, with low tax rates, it's often seen as rivalling Hong Kong, especially with that city hit by street protests and unrest over China's new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters say the barriers to entry are mounting. The city is facing the worst recession in its history, forcing a rethink for some firms on expansion and hiring plans. Alongside soaring unemployment has come a spike in rhetoric against foreigners, seen by some Singaporeans as taking jobs from locals. An experienced nurse from New Zealand is finding out how tough it can be. She seemed, on paper at least, the ideal expat - arriving with her partner right before Covid-19. But 11 months and over 200 failed applications later, she says she's on the verge of going home, unable to land a work pass. She was told by companies that they have a quota and the quota is met, she said, asking not to be identified for fear of jeopardising her partner's work permit. When attempts to volunteer at hospitals were similarly rejected, she said she felt like she didn't belong. The uncertain job prospects, online commentary and stricter conditions risk making Singapore a less welcoming destination just as the city-state needs foreign investment the most. And as workplaces clamp down on hiring it could further limit the options for expats who have long seen a stint in Asia as an important and lucrative experience. The Singapore government has added to their angst by taking steps to promote local hiring, raising concern that it will come at the expense of expats. Earlier this month, it put 47 companies on a watch list for suspected discriminatory hiring practices. The list includes banks, fund managers and consulting firms that may have pre-selected foreigners for jobs or not given Singaporeans a fair chance. This adds to the 240 companies already under scrutiny. The names of the firms weren't disclosed. And in May, it tightened the framework that governs employment passes for foreigners, increasing the minimum monthly salary to S$3,900 and further expanding rules requiring employers to advertise job openings to locals first. The government said on Wednesday it plans to raise that salary threshold further. "I wouldn't be surprised if there was a contraction in the number of visas issued because the demand for foreigners is going to be less" in the near term, said Hays regional director for Singapore Grant Torrens, citing the sharp contraction as the main driver. The role of foreign workers became a key election issue this year, with several opposition candidates campaigning on claims that overseas talent is taking local jobs. The Workers' Party, which clinched more seats than ever, published a manifesto that included tightening employment pass approvals. "The only reason we have foreigners here is to give an extra wind in our sails when the opportunity is there," Minister of Foreign Affairs Vivian Balakrishnan said in a televised election debate in July. "Now we are in a storm, and we need to shed ballast." Dr Balakrishnan's office said in response to Bloomberg queries on the comment that there will be a disproportionate impact on the foreign workforce in a downturn. Foreign workers on employment passes - the sort issued to highly skilled workers as opposed to work permits for blue-collar jobs - typically comprise around 5 per cent of the total workforce. Yet among top managers and professionals in some key sectors, the ratio of foreigners can be much higher. Non-Singaporeans made up 57 per cent of senior management roles across the financial services sector, the government said in August. Andrew Zee, team lead for financial services at Selby Jennings, said some of his job candidates were recently denied permits - a first for him in more than four years - though they were later approved on appeal. Sirva Inc, which owns Allied Pickfords, said inquiries from people wanting to move to Singapore in the first seven months of the year were down 23 per cent from the same period in 2019, according to Amanda Jones, senior vice-president of sales and account management. Ms Jones doesn't expect to see expat executives coming to Singapore at pre-Covid numbers until 2022 at best, especially given travel curbs and the recession. EXPATS LEAVING The shift is starting to be felt in the real estate market. Ella Sherman, an associate executive sales director at Knight Frank in Singapore who specialises in expat housing, says she normally signs about four rental agreements a month this time of year. Now she's lucky to secure one, and knows of several clients heading home. Beyond the economic woes and the pandemic lies an unease over foreigners in the country of just 5.7 million people. This has surfaced in public calls, often on social media, for more hiring of locals. When a Facebook post targeting foreign executives at US$215 billion investment giant Temasek Holdings went viral this month, chief executive officer Ho Ching responded with a post of her own describing it as "a cowardly act of hate". JOB CUTS Companies are taking pains to describe their efforts to retain Singaporean jobs. When Millennium Hotels and Resorts laid off 159 employees this month, it noted that the move lifted its "core" Singaporean workforce to 69 per cent. After casino operator Resorts World Sentosa (RWS) reportedly cut 2,000 jobs last month, the Ministry of Manpower issued a statement saying the majority of affected workers were foreigners. "After the retrenchment exercise, RWS has a stronger Singaporean core," the ministry said. Even expats abroad are feeling the pinch. One worker was overseas and between jobs when the pandemic struck. Though he quickly found a new position, he said his employment pass submission has been rejected several times with no explanation. He's now stuck in Europe paying rent for his empty home in Singapore, unable to return until his visa gets approved. He declined to be identified for fear of jeopardising his application. He said the rising anti-foreigner rhetoric was equally worrisome. For some, the social tensions were brought to the fore when a few expats were caught breaching government-imposed lockdowns by drinking and mingling outdoors without masks in May. The incident sparked an ugly debate on social media and prompted a minister to caution against the "visceral reaction" by locals. The offenders were fined and banned from working in Singapore, as were 134 others over May and June. GREEN CARDS To be sure, some politicians are urging calm. Singaporeans want assurances that the government will continue to create opportunities and provide fair treatment, but a vast majority "understand that staying open and connected is very important to Singapore", Manpower Minister Josephine Teo said on Wednesday. Singapore isn't alone in fighting for local jobs. US President Donald Trump signed an executive order this month barring federal agencies from replacing citizens or green card holders with foreign workers. And the city-state's status as a finance hub ensures it will always be magnet for foreign talent. Citadel, the hedge fund run by billionaire Ken Griffin, announced this week it's opening a Singapore office, as did Sun Life Financial, Canada's second-biggest insurer. ATTRACTIVE HUB "Singapore remains an attractive destination," said Rahul Sen, the global head of private wealth management at Boyden, an executive search firm. "New businesses that were thinking of setting up in Hong Kong to attract Greater China wealth are thinking of setting up shop in Singapore." Even so, the avenues for many are narrowing. The nurse from New Zealand has started reaching out to healthcare providers back home. They're eager to hire so she may head back. "Singapore is an amazing city, and we hoped that if we stayed long enough, things would change," she said. "But the longer it takes, the further away it seems."
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Different countries want startups to relocate there and are offering incentives - would you take them?
Hey all, I just published some research on what different countries are doing to entice entrepreneurs to relocate. Whether visas, grants, mentorship, coaching... there's a lot. Question for the group: Would you consider relocating / moving your startup post-COVID? Content: Visas, Incentives, and More: Here’s What Countries are Doing to Attract Remote Companies As lockdowns ease, more than a few entrepreneurs are thinking about what’s next for them and their businesses, especially if they’ve chosen to stay remote. As news hit about remote worker visas in Barbados, or as small towns and cities are more equipped than ever to lure weary big-city remote workers, you’ve got to ask… what about the founders? Sure, remote founders can work from anywhere just like their teams. Where things get interesting, though, is that many countries are launching programs to lure entrepreneurs to relocate their businesses or start up a new company - and with them come access to public funds, free visas, and even a path to citizenship. As governments think about recovery from COVID and general growth for the future, a handful are getting serious about offering a lot of perks to entice entrepreneurs to relocate. All programs have three key elements to them, though in differing quantities:
Accelerated / extended resident visa permits.
Access to the country’s startup support ecosystems.
Funding / financial support.
So if you’ve ever thought about relocating, being an entrepreneur is one of the fastest tickets out. In this article, I’ve highlighted a mix of programs, but it’s not necessarily exhaustive. I tried to focus on the programs with unique elements or that are easy to apply for. While large funding requirements or other hurdles may not be a problem for many companies, my goal here was to highlight the programs that work for the majority of entrepreneurs, including small businesses and freelancers who recently went remote.
France: La French Tech
France has a long history of artisan entrepreneurship but less in the big tech or digital scene. However, the government is hoping to change that with its La French Tech visa programs. There are three kinds of La French Tech visas:
For entrepreneurs launching businesses in France.
For employees joining French startups.
For investors putting money into French startups.
The founder-focused program requires you to get accepted to one of France’s 30+ startup incubators and accelerators, so your ability to get in hinges on that acceptance. France also has a unique program in the sense that it provides a 4 year visa automatically (most other programs only provide 1-2 year visas) and family members are automatically granted residency rights regardless of which visa you get. Finally, the program is diploma agnostic - it’s geared towards creative people and entrepreneurs, not necessarily only STEM grads like many other countries. Internet connectivity is relatively high quality in cities, though it can be lacking in the countryside. If you’re relocating, check for good internet service first. More info: https://lafrenchtech.com/en/how-france-helps-startups/french-tech-visa/
Startup Chile
Chile is hoping to attract entrepreneurs with cash, incentives, a visa, and the natural beauty of the country. The Startup Chile program is actually an accelerator - billed as the “best accelerator in LatAm.” As part of the program, though, non-citizens are granted a one year visa to live in the country while building your company. Highlights of the program are:
1 year visa.
Equity-free funding options to build your startup.
Up to $100k in perks / free offerings from their partners.
Connections with local businesses for validation, testing, and customer growth.
Chile is not known for blazing fast wifi, but if you’re in the accelerator and living within city boundaries, you should be alright. More info: https://www.startupchile.org/
Startup Denmark
The kingdom of Denmark seriously wants entrepreneurs to relocate there. Named by the World Bank as the number one country in Europe for doing business, the country wants to further attract entrepreneurs. The Startup Denmark program is geared to helping people realize the ease of doing business in Denmark, specifically:
Free, independent business advice provided through publicly-funded Business Development Centres in the country.
Focused clusters for cleantech, life science, design, and sustainable energy.
Access to funding through Innovation Fund Denmark and the Danish Growth Fund, both of which are available to non-citizens.
Internet connectivity and penetration is very high in Denmark, so high-tech companies (or even just remote companies with a lot of zoom meetings) should be just fine. More info: https://startupdenmark.info/
Enterprise Ireland
The only English-speaking country on the euro, Ireland is a prime place for doing business. Its geographic location makes it easily accessible to Europe, the Middle East, North Africa, and North America, and its low corporate tax rate has already attracted major players including Google and Starbucks. Enterprise Ireland has also launched an entrepreneur visa, which is specifically for entrepreneurs who can:
Feasibly create 10 jobs in Ireland within 3-4 years.
Raise 50,000 euros for the first founder and 30,000 additional euros per additional co-founder needing a visa.
Be controlled from Ireland.
Despite rigid sounding rules, the visa program is actually quite flexible. For instance, the fundraising requirements can be through almost any funding option, including using your own money and not taking any investment dollars. Further, the notion of being “controlled” from Ireland is more flexible than other countries that require a certain percentage of business to be done in the country for founders to be eligible for a visa. More info: https://www.enterprise-ireland.com/en/Start-a-Business-in-Ireland/Startups-from-Outside-Ireland/
EntrePass Singapore
Singapore took the world markets by storm in the past few decades, going from a small island nation with no natural resources to a global hub of finance and casinos. Now, the country wants to be known as a hub for global entrepreneurship. The EntrePass in Singapore grants founders a 2 year visa to live in Singapore while building a business. Like other programs (France, for example), businesses must be accepted into an accelerator in order for the founders to qualify for a visa. However, where Singapore adds a bit of strictness is two-fold:
The business must be net-new or less than 6 months old at the time of application. This program is only for new businesses.
Your business must be accepted into a government-backed accelerator or receive funding from a government-backed investor.
The Singaporean government is usually tolerant with expats, but the laws on the island can be incredibly strict. The program can be amazing for new entrepreneurs, though, especially given Singapore’s strategic location and relatively low taxes. More info: https://www.startupdecisions.com.sg/singapore/relocation/entrepass/
Italia Startup Visa
Known for fine leathers, fashion, and amazing food, Italy is now hoping to become known as a centre of innovation. The country offers two kinds of visas for non-EU entrepreneurs:
Italia Startup Visa
Italia Startup Hub
The Visa is made for entrepreneurs who aren’t currently in Italy but want to relocate there to start / scale their business. The Hub option is for people already in Italy who want to stay and launch a business (I think Italy caught onto the fact that people sitting in gorgeous villages sipping a coffee might just want to stick around). Visa programs came about through Italy’s “Decree 179/2012,” which is the country’s program to explicitly attract what they deem ‘innovative startups’ to the country. In general, innovative startups by Italy’s definition are technology companies that either invest more than 15% of their revenues to R&D, employ PhD-level researchers full-time, or own patents for inventions or ‘original software.’ The visa lasts for 1 year, but is renewable for another 2 years. While business taxes in Italy can be fairly high, the relatively low cost of living can balance those costs out. More info: http://italiastartupvisa.mise.gov.it/
SMART Visa Thailand
Thailand is one of the only programs to highlight that spouses and children are automatically granted residency (along with France) - and that your spouse will have a work visa included in their residency permit as well. The country’s SMART visa program has four tiers:
S - Startup.
T - Talent.
E - Executives.
I - Investors.
S visas are explicitly for entrepreneurs and startup founders, and have three options: a 2-year, a 1-year, and a 6-month visa. The 2-year program is for designated high-tech startups, the 1-year for incubator and accelerator-backed startups of all varieties, and the 6-month visa is intended for sales and promotion in Thai markets as opposed to setting up shop in Thailand. More info: https://smart-visa.boi.go.th/smart/pages/smart_s.html
Startup Visa Lithuania
A Baltic country bordering Poland and Latvia by land and Denmark and Sweden by sea, Lithuania has some of the fastest internet on the planet and gorgeous medieval towns and sea views. The visa program is part of Startup Lithuania, a government-backed organization geared towards helping Lithuania succeed in global markets. Recognizing that many people have probably heard the name “Lithuania” but don’t know much about it, the Startup Visa program focuses heavily on soft landings with guides on how to relocate, connections to other relocated workers and entrepreneurs, and links into the country’s extensive support programs for businesses. More info: https://startupvisalithuania.com/about-us/
Startup Estonia
The original “digital society,” Estonia is regularly in the news for how connected their society is. The internet is fast, citizenship is digital, and the country even launched a remote worker visa to entice more people to relocate. On the entrepreneur side of things, Startup Estonia launched a Startup Visa to encourage entrepreneurs to relocate to Estonia. The program is very explicitly focused on technology-based companies with global market potential, but Estonia has the minimum required capital of all programs in Europe (you only have to prove you have around $2,000 USD for a one-year visa). Entrepreneurs can apply for a 3-month visa to test the waters and get set up, or a 12-month visa to make the move and begin the process of permanent residency. Like its cousin Lithuania, Estonia has beautiful scenery, sea views, and a high quality of life. More info: https://startupestonia.ee/visa
Entrepreneur residence permits (Sweden)
Sweden is known in the business world for producing the likes of IKEA, but it’s also a welcoming country for entrepreneurs with companies of all sizes. While Sweden doesn’t have a flashy website or dedicated startup-lingo page, the Nordic country has a Self-Employment Residency visa, which provides up to 2 years stay - with a path to permanent residency - for self-employed individuals. The capital requirements are fairly low - you have to prove you have around $25,000 USD to support yourself while on visa - and you can apply from anywhere in the world. The primary potential downside for remote entrepreneurs is that this visa requires you to produce and/or sell the majority of your business’ goods and services in Sweden, which could be a challenge for a distributed workforce. More info: https://www.migrationsverket.se/English/Private-individuals/Working-in-Sweden/Self-employment.html
Not sure about relocating quite yet?
One of the wins of remote work is that you can physically do your job from anywhere. So if you’ve been dreaming of relocating but not sure about taking the actual plunge, plan an extended working holiday. Depending on where you’re from, most countries will allow you to stay at least a few weeks (and upwards of 90 days in some cases) with no visa or simply on a tourist visa. If you’re planning this kind of “working holiday,” here are some places to consider visiting (that have great, accessible wifi) for when the world opens back up: Cities:
This rally is a mirage, we are only in the beginning stages of this recession
TL;DR at the bottom Hi guys, with the market rallying 20% from its "bottom", many people are expressing the sentiment that we should buy back into the market again because the "fed" or the "government" won't allow stocks to crash. We will for sure see unprecedented actions taken by the fed and the government because they have both the motive and the political capital to enact such policies. However, I think this is a misguided reason to believe the market is currently making its "real" rally. I am not not a permabear nor am I a permabull. I just try to objectively analyze the facts, apply a healthy dose of margin of safety, and then see if my conclusions are actionable. For example, I posted my thesis on why we will enter a serious global economic downturn on Feb 9th 10 days before it happened. At the time we were at the height of the biggest bull market in our history, and I had gotten a lot of attacks on my thesis leading up to me consolidating my thoughts: https://www.reddit.com/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ I continued adding more thoughts on things like the potential efficacy of Chloroquine 2 weeks before Trump announced it in a press conference and the media picked up on it, the potential collapse of American oil producers before the price war happened, casinos going under, helicopter money, bailouts, etc all before they were announced or the markets priced them in here: https://www.reddit.com/China_Flu/comments/fede69/continued_thoughts_on_the_global_economic_impact/ And finally I talked about an upcoming inflection point coincidentally moments before Trump first announced Chloroquine/Hydroxychloroquine and 2 trading days before the "bottom" of the market: https://www.reddit.com/stocks/comments/fleh7e/incoming_inflection_point_for_general_market/ So I'm perfectly happy to make bearish calls or bullish calls, they are dependent variables of independent and unbiased analysis. I hope I made a reasonable case for why I am not personally biased (although, for the sake of humanity, I do wish for progress and prosperity of course). I think the market rally is largely a mirage, and we are not getting correct pricings. The rally is probably driven by two main sources:
Capital displacement from monetary action
Incorrect earnings modeling based on improper historic precedent.
So the capital displacement is relatively simple: If you're seeking shelter in "risk free" investments that has some yields, you're now competing with a buyer (federal reserve) that prints hundreds of billions up to whatever it wants. They're literally squeezing out capital from the finite treasuries. If you want riskier high quality corporate bonds, the fed will be there. If you want even equities, you're going to face competition for them in the future. At least that's what former chairwoman Jenet Yellen recently said about the possibility of expanding their powers to buy equities. So money is getting squeezed into a smaller and smaller relative portion of the financial markets, and the artificial demand is driving yields down and prices up. I could write a whole thread about this, but let's stick with the explanation of price movement. The second main reason for the recent rally is from institutional investors who are incorrectly modeling earnings/yield of equities. So the logic here is: trillions are injected into the economy (fiscal injections), those trillions will become earnings for companies at some multiplier of the original stimulus over x amount of time, and if we add this number to the unstimulated estimated earnings, we can model future earnings. My issue with this model, is on two main assumptions: The first assumption is the length of disruption caused by the threat of this virus. This virus is not going to stop its serious disruption of behavior from economic actors. Especially not in a country like the US where the majority of people have a massive financial disincentive to seek out healthcare. Here's my logic: For months I've been praising the governments and response of South Korea, Singapore, and Taiwan. With Taiwan being the absolute best at handling the virus. However, I have also been using them as my leading indicators for how the virus will progress and affect economic actors. What I have seen developing lately is not good. Singapore is now calling for a shutdown, after they initially did a herculean job of containing their outbreak. I had hoped that they would develop procedures (that we can copy) needed to run an open economy while the threat of the virus looms in the background. But that is not what has happened. Instead, we are seeing growing numbers of new clusters forming, and quickly getting out of control. They are tightening and shutting down their economy rather than opening up more. This is our leading indicator. A government far more responsible and effective than us is resorting to shutting down. Taiwan is faring better, but only because of their prohibitive ban on almost all foreign travelers (this is obviously devastating to their tourism sector and broader economy). Their economy and society remains open, with many if not most people having hardly any interruptions to their lives (aside from mask wearing). They are one of only 3 countries where all children are still going to school. However, even their economy is faltering as they try to balance the prohibitive actions needed to contain the virus and the economic need to keep things open. They are proposing an unprecedented stimulus/rescue package to bolster their economy. And I think it's a safe assumption that if they ever do open up to foreign travelers again, especially with covid19 having proliferated as it already has, then they will have to deal with massive outbreak clusters all over their island. South Korea, which has probably the relatable and relevant model for us to copy, has recently extended its social distance campaign. South Korea is a far larger nation than Singapore or Taiwan. They have a climate similar to Seattle/New York. They had a major outbreak in Deagu but didn't shut their country down. They never even banned Chinese travelers, yes, they had Chinese tourists in their country while the outbreak was happening. They were among the first to widely use Hydroxychloroquine/chloroquine as a treatment for Covid19. They had among the lowest fatality rates. They contained their outbreak without shutting the whole country down. Even South Korea can't truly return to normal and open their economy up. So why, in our incredible American exceptionalism hubris, and far less competent leaders, do we believe we're going to come anywhere close to normalcy in the near future? Let's look at the next assumption, that fiscal stimulus would end up as earnings for companies. There's no doubt some will end up as earnings, but only a small fraction of what is being modeled by those on Wall Street. The average American don't even have $1000 in emergency funds, do we expect them to return to their normal consumption habits when they risk having hospital bills multiples of $1000 just from walking past the wrong person? Do you think Americans, as much as they love to spend, aren't going to put some of that stimulus check in their emergency funds rather than contribute it to the earning of some companies? Sure, there will be some "forced" spending of the money (food and necessities), but if anyone is modeling the multiplier effect from previous data, then they really don't appreciate how different this virus makes things. Even in the GFC, laid off people didn't really worry about the heightened threat of being hospitalized. Finally, some investors believe the Fed and the government literally will do anything to keep the numbers up. If this is true, you should be buying silver (or gold), not stocks. Monetary actions can be reversed relatively easily. They are far more dynamic tools. Fiscal actions are not. You put money in the hands of spenders, that money is gonna circulate. And you really don't have an easy way of reversing that. If we think the government is going to keep handing out stimulus checks, grants to businesses, and other fiscal stimulus, then the inflation predicted from the GFC will come true for this crisis. The fall out of inflation will be difficult to truly understand. But I do think inflation will be disruptive enough to the economy that inflation hedge assets will outperform other assets at least in the short term. For example, if inflation goes to 5%, who's going to lend to companies for less than inflation? With costlier debt, equity yield goes down, and again, what investor wants yields less than inflation? Inflation is going to cause all kinds of disruptions. I think the disruptions will come down to less liquidity (credit will vanish with uncertain inflation) and higher economic friction (less efficiency). So if the response to why the market has to go up is continuous fiscal (and some monetary) actions to prop up spending and earnings, then the question is how will fiscal actions be reversed? How do we get that money out after things go back to "normal"? I think if we see equities rise from here, it'll be reflective of inflation rather than inflation-adjusted earnings. Silver would be the play here. I have a lot more thoughts on this, especially on the time it takes to turn the gears of the financial system and why the inertia is moving us deeper into global recession, not out of it, but I'm running out of time and must end here. TL;DR this is a fake rally, and if anyone really expects prices to continue rallying, buy silver instead
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A Deep Dive - Ghislaine Maxwell: Silver Spoons and Hard Times
This story was published in Frank's Report. Frank Parlato is an investigative journalist.Frank Reportis one of the internet’s best destinations for true, unfiltered, hard-hitting journalism run by the acclaimed journalist Frank Parlato. Since 2015, articles published onFrank Reporthave exposed major scandals and criminal enterprises (including the NXIVM Cult. Frank Parlato has been cited as a source by hundreds of major media outlets around the world, including the New York Times, The Daily Mail, VICE News, CNN, Fox News, Albany Times Union, New York Post, Rolling Stone, People Magazine, Oxygen, Hollywood Life, E! News, CBS Inside Edition, Televisa (Mexico, Stern (Germany, Brisbane Times (Australia, Sun (UK, Hamilton Spectator (Canada), Haaretz (Israel), Tibetan Journal (Tibet), Dnevnik (Croatia), New Zealand Herald, Sputnik News (Russia), Voici (France), Blich (Switzerland), Pour Femme (Italy), CM Journal (Portugal) and more. Frank Parlato was the lead investigator and coordinating producer of Investigation Discovery’s 2 hour blockbuster special ‘The Lost Women of NXIVM.’))))) From sex trafficking cults disguised as self-empowerment groups to government cronyism depriving citizens of tax-funded programs, Frank Report doesn’t just turn stones – it outright obliterates them. Welcome to Frank Report, one of the internet’s finest examples of real, unbridled journalism.
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Ghislaine Maxwell – Silver Spoons and Hard Times
August 9, 2020 By Paul Serran https://frankreport.com/2020/08/09/ghislaine-maxwell-silver-spoons-and-hard-times/ http://archive.is/by7md Ghislaine Maxwell led much of her life under the world’s fascinated microscopic view, always enthralled by her – famous and infamous – as it watched her fortunes wax and wane. From the celebrated miracle daughter of media tycoon Robert Maxwell; to the broken young woman who fled scandal in the UK to a small New York apartment, trying to launch a new life; the rebirth Jet-set Ghislaine, who was everywhere at once, longtime companion of Jeffrey Epstein, a man even richer and more shady than her father; the sophisticated middle age woman, a runaway alleged criminal trying hard to avoid detection by her pursuers – finally, to the incarcerated, indicted suspected sex trafficker and perjurer. Ghislaine was Robert and Betty Maxwell’s miracle baby, born on Christmas Day, 1961. Two days after that, their eldest son suffered a fatal car accident. In 24 hours, it all had been somehow foretold: joy – and then tragedy. During the Swinging Sixties, Robert Maxwell served two terms as a Labour Member of Parliament (MP) for Buckingham. He led a multimillionaire lifestyle, and was the host of star-studded parties at Headington Hill Hall, his baronial fifty-three-room Oxford mansion. The Maxwells spent a million dollars redecorating the mansion. In a stained glass window scene for the imperial staircase, Israeli sculptor Nehemia Azaz depicted Robert Maxwell as the biblical hero Samson tearing down the gates of Gaza: “a titan of luck, impossible achievement, and unlimited wealth”. They had the use of chauffeured luxury cars. They traveled the world in Robert’s Gulfstream IV Jet and his sleek 180-foot yacht, named Lady Ghislaine. “If Bob Maxwell didn’t exist, no one could invent him,” Labour Party leader Neil Kinnock celebrated the bombastic, demanding mogul who dined with kings and presidents and had a bottomless appetite for family, food, fortune, and fame. The first brush with financial and professional hardship came at a age when young Ghislaine would have been mostly sheltered from it. In the early seventies, after Robert Maxwell tried similar shenanigans in a failed attempt to swindle the American financier Saul Steinberg, who was interested in a strategic acquisition of Pergamon Press. Steinberg claimed that during negotiations, Maxwell falsely stated that a subsidiary responsible for publishing encyclopedias was extremely profitable. At the same time, Pergamon had been forced to reduce its profit forecasts for 1969 during the period of negotiations, leading to a suspension of dealing in Pergamon shares on the London stock markets. It was found that Maxwell had contrived to maximize Pergamon’s share price through transactions between his private family companies. This was a criminal practice he would utilize again in the future. Inspectors from Britain’s Department of Trade and Industry declared Maxwell unfit to run a public company: “Notwithstanding Mr. Maxwell’s acknowledged abilities and energy, he is not in our opinion a person who can be relied on to exercise proper stewardship of a publicly quoted company.” ‘Captain Bob’ established the Maxwell Foundation in tax haven Liechtenstein, in 1970. By the 1980s he come back roaring, prompted by money later said to have originated in the Soviet Union. He bought the Mirror Group built and a massive media conglomerate. The good times were on: Ghislaine was nicknamed “The Shopper” because of her wild spending funded by Robert’s millions. He also bankrolled her failed corporate gifts business. During this period, she reportedly had a VERY close relationship with her father and was widely credited with being her father’s favorite child. In Oxford, Ghislaine led a student life of wealth and privilege. Her father would send Filipino servants to the college house she shared to clean, arrange the table and cook, in the event of a party. Her career piggybacked on her father’s businesses. She was made director of the Oxford United, and later, put in charge of “special projects” of the New York Daily News. With her father’s money, she found her way into society, especially in New York — a haven where she could escape his complete control. But the good times were not to last. Overextended and over-leveraged, Maxwell’s empire was about to crumble. At this time, Maxwell reportedly was a regular at London’s casinos, playing three tables at once, even dropping $2.5 million in a single night. For years, he had been an inveterate gambler, but this was the behavior of a desperate man whose time was running out. “He was a very crude man,” said a female writer for Time magazine. “His polish was not very deep. If you were with him for any length of time, it peeled away. I was in his library in the Maxwell House penthouse—a beautiful apartment with marble and servants all over the place—and while I was admiring his books, his valet said to me, ‘You should see Mr. Maxwell’s collection of pornographic tapes’.” Ghislaine visited her father in his office before he flew off to Gibraltar. “He was looking for an apartment in New York—a sort of pied-à-terre, where he could talk and have meetings—and he wanted me to help him,” she told Vanity Fair. “He asked me to go see a particular apartment. He said, ‘If you like it, I’ll make time to see it and come to New York.’ ” But the next time Ghislaine saw her father, he was dead. ”Ghislaine is the baby of the family and the one who was closest to her father,” her mother Betty told Vanity Press. ”The whole of Ghislaine’s world has collapsed, and it will be very difficult for her to continue.” When she finally appeared before the reporters, she had collected herself. “How did your father die?” a journalist shouted at Ghislaine Maxwell. “He did not commit suicide. That was just not consistent with his character. I think he was murdered. ” Maxwell, it turned out, had debts of nearly $5 billion, and had stolen hundreds of millions from the Mirror Group’s pension funds to shore up his faltering companies. That left 32,000 employees exposed to retirement ruin. The irony was not lost on the hard-hitting British press: Robert Maxwell, a socialist, stealing hundreds of millions of pounds from the Mirror’s pension fund! He swindled money from two of his public companies, transferred millions in and out the secret family trusts in Liechtenstein, to manipulate the share price of his Corporation. Robert was called “rogue,” “crook,” “bully,” “thief,” “megalomaniac,” and “gangster.” The press told lurid tales of his sex orgies with midget Filipino hookers. He was seen as a 310-pound aberration gorging on spoonfuls of caviar. An erratic and cruel tyrant who used Turkish towels for toilet paper. Journalists wrote that he was a spy for the K.G.B. or Mossad or Czech intelligence—or all three. “My daughter Ghislaine has no money, no trusts, no funds anywhere.” her mother Betty told Vanity Fair. “Neither of [my children] had any money. Their father never gave them any money.” Their assets were frozen. His son Kevin’s house was put up for sale, as were the Lady Ghislaine and the Gulfstream IV Jet. Their passports were seized. A friend told TheTimes of London, “[Ghislaine] had always been the life and soul of the party wherever she wanted to go in the world and never had to worry about money.” Now she was the broken child of a monster, his name forever synonymous to scandal. “She was catatonic,” the friend said. Forced to vacate her huge company-provided residence, she moved into a small apartment. When a friend came to visit, Ghislaine told her, “They took everything—everything—even the cutlery.” Little did she know how many more times things in her life would shift from silver spoons to hard times. A woman brought up in luxury, she had everything taken from her, before she came to the United States to begin again. “He wasn’t a crook,” Ghislaine told Vanity Press. “A thief to me is somebody who steals money. (…) Did he put it in his own pocket? Did he run off with the money? No. And that’s my definition of a crook.” “I’m surviving—just,” she said. “But I can’t just die quietly in a comer. I have to believe that something good will come out of this mess. It’s sad for my mother. It’s sad to have lost my dad. It’s sad for my brothers. But I would say we’ll be back. Watch this space.” Ghislaine Maxwell was also being hunted by the tabloids. The Maxwell name was so detested in London that she is said to have had to walk around in a blond wig so people wouldn’t recognize her. Ghislaine Maxwell’s reinvention didn’t take long. Maxwell moved to the United States just after her father’s death. Her photograph boarding a Concorde to cross the Atlantic caused outrage – her father had just defrauded pensioners out of 750 Million Sterling Pounds. According to the Mail on Sunday: “Unnoticed by almost everybody, traveling with her was a greying, plumpish, middle-aged American businessman who managed to avoid the photographers. It is to this man that 30-year-old Ghislaine has turned to ease the heartache of her father’s shame.” “His name is Jeffrey Epstein.” “Whose house is this, Ghislaine?” a friend asked her in the early 1990’s. “Who lives here?” My friend,” Maxwell replied. “Well, is he banging you?” the friend demanded. “What’s the scoop here?” A trust fund is said to have provided her with an income of $145,000 a year. A far cry from her previous seemingly unending wealth. She “never, ever had any cash. Lots of credit, of course, but no cash”, one friend recalled to the press. And yet, she lived the high life. She was known in New York as the “female Gatsby” for her lavish entertaining. Had a “reputation for being charming and funny, and a glittering lifestyle straight out of the pages of a society magazine”. She was now “far from the ever watchful eye of the British press,” Hello! magazine wrote in 1997. “She is proud of the fact that her new life is all down to her own hard work and has her elegant apartment to show for it,” the magazine mistakenly added. One day, she would “get married and have kids. But it has never been a focus: My focus is my business.” Ghislaine’s presence added more fuel to the question: “How did Jeffrey Epstein amass his fortune?” For one of the most propagated theories is that Maxwell’s father Robert bankrolled him with funds hidden from the UK authorities. Jeffrey Epstein built a 21,000-square-foot mansion on a massive ranch in New Mexico, which – he boasted – made his New York townhouse “look like a shack”. He named it the Zorro Ranch. He also acquired a 72-acre island in the Virgin Islands and an 8,600-square-foot home in Paris, with a specially built massage room. She had found a path back to the lifestyle she’d lost when her father died. “She was used to living very well,” says a friend who knew her then. “She didn’t want to go back to where she was.” All she had to do to keep it was to give ‘the monster’ what he wanted. Maxwell was expected to drop everything to serve Epstein. She had to keep everyone in line, because one misstep would unleash the wrath of Epstein, one of the few people who could make Maxwell cry. “He would be screaming over the phone,” recalled an Epstein victim, “and she would burst into tears.” The New York townhouse became a social nexus; guests could have included members of the Kennedy and Rockefeller clans, “along with the requisite sprinkling of countesses and billionaires,” according to The Times of London. She was “a modern-day geisha” in a “domain filled with the richest people in the planet. “It’s a world frequented by young half-naked girls in bikinis, billionaires and lavish lifestyles, but it borders on the grotesque. You are never really sure what is going on behind closed doors.” Royalty was specially prized, which is why her friendship with Prince Andrew became so treasured. In 2000, Maxwell and Epstein attended a Prince Andrew’s party at the Queen’s Sandringham House estate in Norfolk, England. It has been reported that the event was in honor of Maxwell’s 39th birthday. And yet, Ghislaine began trying to distance herself from Epstein long before he went to jail. In the early 2000s, she hooked up in California with a man much richer than Epstein: Ted Waitt. Waitt lived in a seven-bedroom, 14-bath mansion in La Jolla, sailed the world aboard a 240-foot mega-yacht, the Plan B. It was equipped with a helipad, Jacuzzi, elevator, gym, and HAD AN ONBOARD SUBMARINE, which Maxwell soon was licensed to pilot. After Epstein went to prison in Florida for a short period, Maxwell saw the silver spoons turned into hard times again. Acquaintances that crossed her path reported how she was almost unrecognizable. She was not stylish and attention grabbing anymore, seemed determined to go unnoticed. Her face had no makeup. There was a hint of gray in her black hair, she put on some weight. “I was so shocked by her look,” a friend recalled to the British press. “I didn’t recognize her.” She even gave up her once proud name, sometimes introducing herself to new acquaintances only as “G.” “Where are you living, Ghislaine?” the friend asked. “I lost touch with you.” Maxwell suddenly went blank. “Oh,” she replied, “a little bit everywhere.” December 2014: Virginia Roberts Giuffre filed a motion in the Southern District of Florida describing Maxwell as Epstein’s “primary coconspirator and participant in his sexual abuse and sex trafficking scheme.” Maxwell made a huge mistake, issuing an “urgent” statement to the media dismissing the claims as “obvious lies.” That allowed Giuffre, to sue Maxwell for defamation in federal court in New York, a lawsuit “widely viewed as a vessel for Epstein’s victims to expose the scope of Epstein’s crimes,” according to the Miami Herald. Maxwell affirmed her innocence with fury, at one point of her testimony banging her fists on the table. She also, according to charges filed by the DOJ SDNY, committed two counts of perjury. 2019: when the SDNY reopened the criminal investigation into Jeffrey Epstein, Ghislaine was far away, living the high life. She met with her friend Prince Andrew in Buckingham Palace, and participated in “Cash & Rocket”, an annual charity road rally. Between races of the rally, she joined the super rich in attending a Masquerade Ball in London’s Victoria and Albert Museum, as well as a White dinner at La Reserve in Geneva and the Red party at the Yacht Club de Monaco. Those were to be her last reported events. Cash & Rocket scrub Maxwell’s photo from its website once Epstein was arrested and the scandal assaulted the headlines again. On July 6, 2019, Epstein was arrested by federal agents at Teterboro Airport, arriving from Paris. The FBI raided his mansion, and charged him with sex trafficking of minors. “Epstein’s pimp girlfriend, Ghislaine Maxwell, a very well-connected Brit socialite cannot just walk free,” actress Ellen Barking tweeted the day after Epstein’s arrest. “This woman is his pimp. She pilots planes [sic] to and from the island. I know because she told me.” Maxwell again went into hiding, unreachable during legal proceedings. It surfaced in December 2019 that Maxwell was among the people under FBI investigation for facilitating Epstein’s crimes. She was faced with a tabloid frenzy even bigger than the one that accompanied the death of her father. She again uprooted herself and tried to start over in Manchester-by-the-Sea, a quiet village 30 miles north of Boston, she lived for a time in the $3 million, five-bedroom colonial home of Scott Borgerson, CEO of CargoMetrics, a hedge fund investment company involved in maritime data analytics. Since Epstein was found dead in jail, last August, she is reported to have moved 36 times, out of fear for her safety. Credible Death threats arrived by social media, email, phone, text, and postal service. It began in earnest with Epstein’s arrest, multiplied with his death, and accelerated in the months that followed. They soon became a routine part of her life. She hired a professional security firm, with operatives that are veterans of intelligence and law enforcement agencies. This photoshopped photo of Maxwell surfaced last year to mislead the public into thinking she was in Los Angeles. Frank Report was the first to report the photo a fake, a story that went viral.
“Where in the world was Ghislaine Maxwell? Everyone, it seemed, had a theory, each wilder than the last. She was said to be hiding deep beneath the sea in a submarine, which she was licensed to pilot. Or she was lying low in Israel, under the protection of the Mossad, the powerful intelligence agency with whom her late father supposedly tangled. Or she was in the FBI witness protection program, or ensconced in luxury in a villa in the South of France, or sunning herself naked on the coast of Spain, or holed up in a high-security doomsday bunker belonging to rich and powerful friends whose lives might implode should Maxwell ever reveal what she knows—all the dirty secrets of the dirty world that she and Epstein shared.” (Vanity Fair – Jul 3, 2020)
Maxwell remained at large, beyond the reach of attorneys, tabloid reporters, and a 10,000-pound reward from The Sun in London. “It’s a little bit like Elvis—you get lots of reports but they’re hard to verify,” a victim attorney said in May. She was periodically said to have been spotted around the world, usually in places where she was not. Reporters scoured the globe. Some said she was in Russia trying to get a Oligarch to protect her. Others pointed to Israel or Brazil, China, Singapore, the Middle East, England. She was “both everywhere and nowhere,” lamented UK’s The Guardian. On August 2019, she was apparently photographed eating a burger and fries in the Cahuenga Boulevard, in the San Fernando Valley. She held The Book of Honor: The Secret Lives and Deaths of CIA Operatives. Given Ghislaine and her father Robert’s alleged ties to Intelligence Services, this choice does not seem accidental. Papers were running out of incredible stories to account for her disappearance. A bizarre new theory emerged she could be hiding in a submarine which – as we saw – was not downright impossible, since she DID have a license to pilot underground vehicles. On July 2nd 2020, Maxwell was arrested by the FBI and NYPD in the small New England town of Bradford, New Hampshire. It is situated at driving distance of the NYSD. They finally found her in a luxurious four-bedroom, 4,365-square-foot home on a wooded lot, called Tuckedaway. Ghislaine Maxwell was charged with six federal crimes: luring and enticement of minors, sex trafficking of children and perjury. The crimes took place between 1994 and 1997, the years of her “intimate relationship with Epstein,” when she “assisted, facilitated, and contributed to Jeffrey Epstein’s abuse of minor girls.” One of the three unnamed victims was “as young as 14 years old when they were groomed and abused by Maxwell and Epstein, both of whom knew that certain victims were in fact under the age of 18.” FBI assistant director William F. Sweeney Jr. described Maxwell as “one of the villains of this investigation,” who had “slithered away to a gorgeous property” in New Hampshire, where she was “continuing to live a life of privilege while her victims live with the trauma inflicted upon them years ago.” “I am optimistic about my future,” she said in 1997, “and believe things will continue to improve for me as time passes.” Now, according to sources close to her, “I don’t think [Ghislaine] sees there is a future,” came the reply. If found guilty of all charges, Maxwell could face a prison sentence of 35 years. She denies the accusations, and has pleaded not guilty to all six charges. She will await trial locked up in the Metropolitan Detention Center, in Brooklyn. A dreadful prison that is as removed from her previous “silver spoon” upbringing as it’s possible in the US. Hard times. She used to be a larger than life character, who once hosted a dinner for NY socialites on ‘the fine art of giving a blow job’. But then, she really blew it. A report from a source familiar with the Metropolitan Detention Center gives a glum picture of Ghislaine Maxwell’s present conditions. She is in the women’s section and believed to be confined to a solitary cell. Because of the past history of the MDC, it is not impossible to suspect that Ghislaine could be having sexual relations with one or more corrections officers, either male or female. Her available wealth would permit her to buy some privileges directly from the corrections officers who could smuggle in items for her. MDC has a history of guards, male and female, enjoying sex with prisoners and smuggling in everything from alcohol to cell phones to drugs. While she is not enjoying what anyone would call a privileged life, and is most likely [because of Covid protocols] confined to her cell, dank and cold [in summer] perhaps as much as 23-24 hours per day and possibly getting only one hot meal per day, our source says, with her wealth and talent to charm, if there is any privilege, any opportunity, any luxury to enjoy at MDC, she is enjoying it. Of course, she is probably under near-constant surveillance, for no guard wants to go to prison for letting her get murdered or commit suicide – as did her former lover Epstein. It is not known how frequently she is meeting with lawyers in special rooms set aside for the purpose. But an MDC source tells Frank Report that prison officials are known to eavesdrop on those conversations with lawyers and defendants and do so on high profile cases. Whether they report to the prosecution what they learn is unknown. In the end, Maxwell has a hard road to hoe and will remain in the brutal and unsanitary MDC until she stands trial or makes a plea deal or dies. The possibility of additional charges other than those currently charged against her – for hebephilia crimes in the last century – remain a possibility. The late Jeffrey Epstein was a convicted hebephile, a person who has urges for post pubescent but under the age of consent children. Is Ghislaine one also? And are there others, famous and prominent men of power who have indulged as Jeffrey and allegedly Ghislaine have done? The ace in the hole for her, obviously, is, if she has info on other prominent hebephiles that the DOJ for its own partisan or PR reasons might like to selectively prosecute, she can trade that info for a lenient sentence and hopefully not be murdered for doing so. Her former lover, Jeffrey Epstein, might have committed suicide, as the Mainstream Media and the US Govt. urges you to believe, but there are some who find the coincidences, cameras being off, bones broken indicating he was strangled, guards happening to fall asleep as they were assigned to watch the most famous prisoner in the world, such that that it just might cause reasonable people to doubt the official narrative a little more than the corporate media and prison officials would wants us to doubt. The same fate might befall Ghislaine and we may never know just what she did. Whether her crimes were confined to herself and Epstein or whether there was a vast network of hebephiles joining in – or – in fairness to her – she is innocent as she claims, something that a trial, if she makes it to trial, might help us determine. stretcher during the funeral service in Jerusalem’s main convention hall on Nov. 10, 1991. The body is laying on a stretcher, draped in a white Jewish prayer shawl with black stripes as is it tradition of Jewish burials in Israel. (AP Photo/Natik Harnik) Ghislaine is fourth from the left. https://preview.redd.it/vnzmapdilrg51.png?width=432&format=png&auto=webp&s=bde723c918da88ce07aa1091b70c77baa76c0562 https://preview.redd.it/6v6qco3llrg51.png?width=509&format=png&auto=webp&s=7531e39667e4ee9f869b6c56ef8c53e118a8909f https://preview.redd.it/xu6z62snlrg51.png?width=574&format=png&auto=webp&s=c96a9decc1af25e8adc0e31b9cdad1d51c67faee
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This rally is a mirage, we are only in the beginning stages of this recession
TL;DR at the bottom Hi guys, with the market rallying 20% from its "bottom", many people are expressing the sentiment that we should buy back into the market again because the "fed" or the "government" won't allow stocks to crash. We will for sure see unprecedented actions taken by the fed and the government because they have both the motive and the political capital to enact such policies. However, I think this is a misguided reason to believe the market is currently making its "real" rally. I am not not a permabear nor am I a permabull. I just try to objectively analyze the facts, apply a healthy dose of margin of safety, and then see if my conclusions are actionable. For example, I posted my thesis on why we will enter a serious global economic downturn on Feb 9th 10 days before it happened. At the time we were at the height of the biggest bull market in our history, and I had gotten a lot of attacks on my thesis leading up to me consolidating my thoughts: https://www.reddit.com/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ I continued adding more thoughts on things like the potential efficacy of Chloroquine 2 weeks before Trump announced it in a press conference and the media picked up on it, the potential collapse of American oil producers before the price war happened, casinos going under, helicopter money, bailouts, etc all before they were announced or the markets priced them in here: https://www.reddit.com/China_Flu/comments/fede69/continued_thoughts_on_the_global_economic_impact/ And finally I talked about an upcoming inflection point coincidentally moments before Trump first announced Chloroquine/Hydroxychloroquine and 2 trading days before the "bottom" of the market: https://www.reddit.com/stocks/comments/fleh7e/incoming_inflection_point_for_general_market/ So I'm perfectly happy to make bearish calls or bullish calls, they are dependent variables of independent and unbiased analysis. I hope I made a reasonable case for why I am not personally biased (although, for the sake of humanity, I do wish for progress and prosperity of course). I think the market rally is largely a mirage, and we are not getting correct pricings. The rally is probably driven by two main sources:
Capital displacement from monetary action
Incorrect earnings modeling based on improper historic precedent.
So the capital displacement is relatively simple: If you're seeking shelter in "risk free" investments that has some yields, you're now competing with a buyer (federal reserve) that prints hundreds of billions up to whatever it wants. They're literally squeezing out capital from the finite treasuries. If you want riskier high quality corporate bonds, the fed will be there. If you want even equities, you're going to face competition for them in the future. At least that's what former chairwoman Jenet Yellen recently said about the possibility of expanding their powers to buy equities. So money is getting squeezed into a smaller and smaller relative portion of the financial markets, and the artificial demand is driving yields down and prices up. I could write a whole thread about this, but let's stick with the explanation of price movement. The second main reason for the recent rally is from institutional investors who are incorrectly modeling earnings/yield of equities. So the logic here is: trillions are injected into the economy (fiscal injections), those trillions will become earnings for companies at some multiplier of the original stimulus over x amount of time, and if we add this number to the unstimulated estimated earnings, we can model future earnings. My issue with this model, is on two main assumptions: The first assumption is the length of disruption caused by the threat of this virus. This virus is not going to stop its serious disruption of behavior from economic actors. Especially not in a country like the US where the majority of people have a massive financial disincentive to seek out healthcare. Here's my logic: For months I've been praising the governments and response of South Korea, Singapore, and Taiwan. With Taiwan being the absolute best at handling the virus. However, I have also been using them as my leading indicators for how the virus will progress and affect economic actors. What I have seen developing lately is not good. Singapore is now calling for a shutdown, after they initially did a herculean job of containing their outbreak. I had hoped that they would develop procedures (that we can copy) needed to run an open economy while the threat of the virus looms in the background. But that is not what has happened. Instead, we are seeing growing numbers of new clusters forming, and quickly getting out of control. They are tightening and shutting down their economy rather than opening up more. This is our leading indicator. A government far more responsible and effective than us is resorting to shutting down. Taiwan is faring better, but only because of their prohibitive ban on almost all foreign travelers (this is obviously devastating to their tourism sector and broader economy). Their economy and society remains open, with many if not most people having hardly any interruptions to their lives (aside from mask wearing). They are one of only 3 countries where all children are still going to school. However, even their economy is faltering as they try to balance the prohibitive actions needed to contain the virus and the economic need to keep things open. They are proposing an unprecedented stimulus/rescue package to bolster their economy. And I think it's a safe assumption that if they ever do open up to foreign travelers again, especially with covid19 having proliferated as it already has, then they will have to deal with massive outbreak clusters all over their island. South Korea, which has probably the relatable and relevant model for us to copy, has recently extended its social distance campaign. South Korea is a far larger nation than Singapore or Taiwan. They have a climate similar to Seattle/New York. They had a major outbreak in Deagu but didn't shut their country down. They never even banned Chinese travelers, yes, they had Chinese tourists in their country while the outbreak was happening. They were among the first to widely use Hydroxychloroquine/chloroquine as a treatment for Covid19. They had among the lowest fatality rates. They contained their outbreak without shutting the whole country down. Even South Korea can't truly return to normal and open their economy up. So why, in our incredible American exceptionalism hubris, and far less competent leaders, do we believe we're going to come anywhere close to normalcy in the near future? Let's look at the next assumption, that fiscal stimulus would end up as earnings for companies. There's no doubt some will end up as earnings, but only a small fraction of what is being modeled by those on Wall Street. The average American don't even have $1000 in emergency funds, do we expect them to return to their normal consumption habits when they risk having hospital bills multiples of $1000 just from walking past the wrong person? Do you think Americans, as much as they love to spend, aren't going to put some of that stimulus check in their emergency funds rather than contribute it to the earning of some companies? Sure, there will be some "forced" spending of the money (food and necessities), but if anyone is modeling the multiplier effect from previous data, then they really don't appreciate how different this virus makes things. Even in the GFC, laid off people didn't really worry about the heightened threat of being hospitalized. Finally, some investors believe the Fed and the government literally will do anything to keep the numbers up. If this is true, you should be buying silver (or gold), not stocks. Monetary actions can be reversed relatively easily. They are far more dynamic tools. Fiscal actions are not. You put money in the hands of spenders, that money is gonna circulate. And you really don't have an easy way of reversing that. If we think the government is going to keep handing out stimulus checks, grants to businesses, and other fiscal stimulus, then the inflation predicted from the GFC will come true for this crisis. The fall out of inflation will be difficult to truly understand. But I do think inflation will be disruptive enough to the economy that inflation hedge assets will outperform other assets at least in the short term. For example, if inflation goes to 5%, who's going to lend to companies for less than inflation? With costlier debt, equity yield goes down, and again, what investor wants yields less than inflation? Inflation is going to cause all kinds of disruptions. I think the disruptions will come down to less liquidity (credit will vanish with uncertain inflation) and higher economic friction (less efficiency). So if the response to why the market has to go up is continuous fiscal (and some monetary) actions to prop up spending and earnings, then the question is how will fiscal actions be reversed? How do we get that money out after things go back to "normal"? I think if we see equities rise from here, it'll be reflective of inflation rather than inflation-adjusted earnings. Silver would be the play here. I have a lot more thoughts on this, especially on the time it takes to turn the gears of the financial system and why the inertia is moving us deeper into global recession, not out of it, but I'm running out of time and must end here. TL;DR this is a fake rally, and if anyone really expects prices to continue rallying, buy silver instead
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Are you ready to take a closer look at Spin Casino?
And it’s not just you — the name reminds us of another casino too — Spin Palace. The crazy thing is that it’s not just a coincidence. Spin Casino is owned and operated by the same company that owns and operates Spin Palace. The name isn’t the only thing these two casinos have in common, though. They also have a similar, if not identical, casino. The games, graphics, and stakes are alike. If playing at identical casinos isn’t your cup of tea, we totally understand. There are tons of unique places to play online. You can browse our review section and find dozens of them. However, if this doesn’t bother you, then the upside is that you know that you can expect a high-quality and enjoyable experience at Spin Casino. That said, we aren’t about to rest on our laurels just because Spin Casino is similar to its sister casinos. This is why we still reviewed Spin Casino with the same scrutiny we do when we review other casinos. This means our review below includes both the good and the bad information that we found. It means we didn’t take money for a fluffy review or inflated rating. And it also means that we’re going to tell you exactly what you need to hear so that you can decide whether Spin Casino is the right site for you to join. If that sounds like a review that you want to read, then we have good news for you — it starts in the next section >>Claim Free Spins Now<<
Spin Casino Basic Information
Spin Casino has a license with the Malta Gaming Authority and Kahnawake Gaming Commission. They’re licensed under the names Bayton Ltd and Baytree Ltd. Bayton Ltd and Baytree Ltd are both managed by The Palace Group. There’s a good chance that you’ve heard of The Palace Group, or at least heard of or played at one of their brands. Some of the other brands they operate include Spin Palace, Ruby Fortune, and Mummy’s Gold. The Palace Group has been in business a long time, too — since 2001. This means that they’re getting close to their 20th anniversary online, which is light years compared to other casinos. Between their time in business and their gaming licenses, you can feel comfortable playing at any of their brands. This includes Spin Casino.
Restricted Countries – Who Can’t Play
Players from the following countries cannot play at Spin Casino.
Australia
Andorra
Austria
Belgium
Czech Republic
Denmark
France and Outlying Territories
Germany
Hong Kong
Iran
Israel
Italy
Myanmar
North Korea
Philippines
Portugal
Romania
Singapore
Slovakia
South Africa
Spain
USA and Outlying Territories
Taiwan
Turkey
Hungary
United Kingdom
Keep in mind that this list can change at any time. For that reason, we recommend you periodically check Spin Casino’s terms and conditions to see if your country has been added to the list of prohibited countries. >>Claim Free Spins Now<<
The Casino
In the following sections, we’re going to look at Spin Casino’s games. That way, you can get an idea of the games they offer so that you can decide if they’ll be a good fit for you. Unlike most casinos nowadays, Spin Casino uses only Microgaming software for its animated casino games. There’s nothing wrong with this. It’s just that you won’t have the game or graphics variety that you will have at casinos that work with multiple software providers. Trust us, though; this casino is plenty good enough. Spin Casino offers a little bit of everything here including slots, video poker, and table games. They have a live dealer casino, too. Their live games come from Evolution and Ezugi, who are heavy hitters in the live gaming space. The result is a robust selection of live games. We’ll look at these later. The one confusing aspect of their casino is that there are three sections — a casino, live casino, and Vegas (casino). We’re going to list some of their games below, but we’re only going to make a distinction between their animated and live dealer games. We also noticed that their Vegas casino section doesn’t have any filters. You can’t select the type of games (slots, table games, video poker, etc.) that you want to see. This can make it tough to find the type of game you’re looking for unless you already know what it’s called. The good news is that most, if not all, of their Vegas games, are also available in their main casino. This means there’s a chance you won’t need to visit the Vegas section at all. Anyway, that covers the basics. Let’s now jump into each section and look at some specific examples of casino games you can play at Spin Casino.
Table Games
We’re going to start with Spin Casino’s table games. The following is a list of card and poker games that we found during our review.
Atlantic City Blackjack
Baccarat
Roulette
3 Card Poker
Card Climber
Classic Blackjack
Craps
Double Exposure Blackjack
European Blackjack
European Roulette
Flip Card
High-Speed Poker
Hold’em High
Vegas Downtown Blackjack
Multi Wheel Roulette
Red Dog
Super Fun 21
Vegas Strip Blackjack
Spanish Blackjack
Triple Pocket Hold’em Poker
Cyberstud
And more!
There are both pluses and minuses to Spin Casino’s table game section. We’ll start with the downsides. The most frustrating thing about their table games is that there’s no way to filter for specific games in the Vegas section. This can make it incredibly tough to find the games you want to play unless you already know what they’re called. Another thing we were sort of unimpressed with is the lack of non-blackjack and roulette games. There are not enough games to offset all the blackjack and roulette options. However, that brings us to one of the good things about their table game selection. They have lots of blackjack and roulette games. In fact, you’ll find more than 30 blackjack games and more than 10 roulette games. Some of these are merely high-stakes variants or duplicate titles with improved graphics. Even discounting those, you’d be hard-pressed to find a better selection elsewhere. Another thing we’re fans of is some of the unique games that you’ll find at Spin Casino that aren’t readily available elsewhere. For example, we can’t think of another casino that offers Triple Pocket Hold’em, Hold’em High, or Card Climber. That’s always a good thing. Table Game Testing, Graphics, and Stakes Once we were done browsing their games, we opened a few of them up to make sure they worked well and to see what their graphics and stakes are like. The graphics for the games we tested are pretty good. They’re not glossy, overly polished, or even realistic. They look more like animated games. There’s nothing wrong with that, though. They don’t make it clear the stakes you can play for. We had to manually decrease and increase our bets to figure out the limits. The stakes we found varied from $2/hand or round to as much as $1,000. But keep in mind that this may vary depending on the game you play. These aren’t bad limits — they’re higher than what many casinos offer. No t only that, but we also anticipated their live dealer casino offering even higher stakes. This means that we’re less concerned about how high the stakes are in this section of their casino. We’ll look at their live dealer section in a few minutes.
Video Poker
The next section we checked out was Spin Casino’s video poker games. Here are the games we found during our review.
Aces & Eights Poker
Aces and Faces
All Aces Poker
Deuces Wild Poker
Deuces Wild Bonus Poker
Double Double Bonus Poker
Jacks or Better Poker
All American
Bonus Poker
Deuces & Joker Poker
Joker Poker
Louisiana Double Poker
Tens or Better Poker
This is an okay selection. On top of this, you’ll find “power,” “multi-hand,” and “Gold Series” variants that you can also choose from. We counted nearly 25 poker games in their main casino. There are video poker machines in the Vegas section too, but we didn’t find anything different than what’s listed above. Testing Their Games, Graphics, and Stakes We tested a couple of their poker games during our review. The games we played had average graphics, but that’s to be expected with video poker machines. They’re not meant to be fancy. They worked great, though. We experienced no lagging or bugs. Some of them had neat features, too. For example, the machines we played offered the chance to double your winnings. When you make a winning hand, you can click the “double” button to play a mini-game to see if you can double up. Keep in mind that if you lose this game, you lose everything. The best feature, though, had to be the automatic hold. Many video poker machines will tell you when you made a winning hand so that you don’t forget to hold those cards. However, one of the machines we played automatically held the best cards according to the common video poker strategy. Now, we don’t know what strategy these machines are using or how optimal that strategy is. However, they did hold the cards we would have had this feature not existed. This is a neat option if you’re new to video poker and aren’t sure how to play optimally. As far as stakes go, we found machines that let us play for as little as $0.25 per coin to as much as $50 per round. We recommend you bet the max number of coins, though, which means your minimum bet will be $1.25. This will vary from machine to machine, though. Overall, we liked Spin Casino’s video poker section. We’d like to see more unique titles to choose from, but our opinion is that this lineup will work for most people reading this.
Slots
Next up is Spin Casino’s slot selection. They have far too many slot machines to list here, but here is a small sample to give you an idea of what you’ll be able to play.
5 Reel Drive
Snow & Sable
Amazing Aztecs
Book of Oz
Cashville
Cash of Kingdoms
Diamond Empire
Dolphin Coast
Fruit vs Candy
Halloween
Girls with Guns
Game of Thrones
Highlander
Jurassic World
Lady in Red
Kings of Cash
Hitman
Lost Vegas
Lucky Koi
Oink Country Love
Pretty Kitty
Moby Dick
Monster Wheels
Robin of Sherwood
Silver Fang
So Much Sushi
The Great Albini
The Phantom of the Opera
Tomb Raider
Win Sum Dim Sum
Fat Lady Sings
Jekyll & Hyde
Jurassic Park
The Legend of Olympus
Throne of Egypt
Steam Punk Heroes
Winning Wizards
Untamed Bengal Tiger
Old King Cole
And more!
You’ll find all these slots in the main casino. There are plenty more where this comes from too. You’ll also find more slots — including unique titles not found in the main casino — inside the Vegas section. That said, their selection of slots is much smaller than we expected considering that they work with Microgaming. We still can’t complain, though, especially after seeing some of the titles that you can play here. For example, the slots that stood out to us are the licensed/branded slots. Licensed slots are machines that revolve around IP that other companies own. This includes movies (Jurassic Park), video games (Hitman), TV shows (Game of Thrones), and more. These are fun to play because it’s highly likely that you’re going to be a fan of whatever the slot machine is about. For example, we like Jurassic Park. This means we get to kill two birds with one stone — play slots about a theme we really like. Not only that, but you can play many of these slot machines in brick-and-mortar casinos. We’ve played Game of Thrones countless times during our trips to Las Vegas. And this is just the licensed slots. You still have all the other slots that Spin Casino has to offer. This includes slots with bonus rounds, 3 and 5 reels, progressive jackpots, and features such as free spins, wilds, scatters, and more. As for stakes, they vary so much that it’s hard to give concrete numbers. That said, we found machines that allowed us to play for as little as $0.10/spin to as much as $200. Most of the machines we looked at maxed out at $30 or less, though. This means that you might have to do some digging to find the machines with higher limits. Overall, while Spin Casino’s slot section can definitely be bigger given that they’re powered by Microgaming, what they do have will be more than enough for most people. >>Claim Free Spins Now<<
Live Dealer Games
Last up is Spin Casino’s live dealer section. Here are the games we found during our review.
Dragon Tiger
Private Blackjack
Shangri La Roulette
Dream Catcher
Casino Hold’em
Baccarat
Football Studio
Roulette
Ultimate Texas Hold’em
Lightning Roulette
Infinite Blackjack
Baccarat Super 6
Evolution Party Table
This is a solid selection of live games, especially when compared to other online casinos. But that’s not a surprise since some of these games come from Evolution Gaming, who’s a heavy hitter in the live gaming space. Once you click on one of these games, you’ll be redirected to a section where you’ll find several tables to choose from (depending on the game). You’ll also find a navigation bar at the top with several filters to help you quickly find the game you want to play. The lowest stakes we found for these games is $5 for blackjack. This is sort of a bummer since some live blackjack games can be played for as little as $1. However, $5 is pretty standard for a live game, so it’s not something we can hold against them. You can play some of their other games, like baccarat or roulette, for $0.10-$1 per round. The highest stakes we found were $5,000 for blackjack, $2,000 for roulette, and as much as $5,000 for everything else. These aren’t th highest stakes online, but they should work for most people. One of the most impressive things about their games is the camera work. The different angles they use and the close-ups make it look like you’re watching a movie. Depending on the game, you can also change the camera option. For example, the roulette game lets you choose from 3D, immersive, or classic camera angles The streams were very good considering how good the camera work was. We noticed a few lags, but they didn’t take away from the game much. The resolution was pretty good regardless. Other features include the option to chat with your tablemates and the dealer, adjust the sound and camera angles, bet behind, and set up automatic actions. You can even multi-table several games at once. Overall, we’re impressed with the live dealer casino at Spin Casino. You’ll have plenty of games to choose from, stakes, features, and men and women dealers that speak different languages. We recommend you check it out. >>Claim Free Spins Now<<
The Sportsbook
Spin Casino is unique from some of the other casinos under The Palace Group brand in that they also have a sportsbook. It’s called Spin Sports. Here’s what you can expect to find if you choose to bet here.
Sports, Market, and Betting Options
Spin Sports has an excellent selection of sports that you can bet on. Here’s what we found during our review.
Soccer
Basketball
Tennis
Ice Hockey
American Football
Handball
Volleyball
Cricket
Rugby Union
Rugby League
Esports
Specials
Virtual Sports
Boxing
Gold
Badminton
Winter Sports
MMA
Darts
Snooker and Pool
Baseball
Cycling
Motor Racing
Speedway
Floorball
Table Tennis
Bandy
Aussie Rules
Surfing
Netball
Gaelic Football
Gaelic Hurling
Super Spin Specials
Many of these options have dropdown menus, too. For example, click on the soccer option, and a dropdown menu containing options such as England, Europe, Spain, Italy, and Germany will appear. This goes for many of the other options, too — you’ll find countries as subcategories. You’ll need to click on these to find the different leagues that play in those countries. Your betting options will obviously depend on the sport you bet on. We found plenty of choices, though. For example, you can bet outrights or money lines for Europa basketball. You’ll find spread betting, more money lines, oveunder, and outrights for NBA games. Click on a match, and you’ll find additional markets. For example, we checked out an NBA game and found options to bet on different quarters, total points, team points per quarter or half, overtime, and more. There are plenty of betting options here, which was a surprise, honestly, considering who’s running this sportsbook.
Live Betting
Spin Sports also offers live sports betting. When we were there, you could bet on soccer, basketball, tennis, ice hockey, and cricket. We wouldn’t be surprised if they covered more matches than this (when those games are available). In fact, we know that’s the case since we looked at their Event View and Live Schedule tabs. This is where you’ll see all the sports you can bet on, all the matches, and the number of betting opportunities available for each one. And that’s about it for their live sportsbook. The one thing we’d really like to see added in the future is the option to watch live streams. It’d make sense to add a racebook too. Here’s hoping that Spin Sports has both items on their to-do list. >>Claim Free Spins Now<<
Final Thoughts
Spin Sports is a much better sportsbook than we expected. It’s hard to expect something this impressive from a company that has been running only casinos for more than a decade. We’re fans, though. There are plenty of sports and markets to bet on. You also have your standard options for betting in American, fractional, or decimal odds, as well as using the sportsbook in different languages. That said, there is room for improvement. They could add a racebook, live streaming, and additional features and build out their esports section. But we think they’ve done a good job so far, and it’ll be more than enough for your typical casino player or recreational bettor.
Banking Options
Something we noticed during our review is that there’s the option to deposit inside both the casino and the sportsbook. As far as we can tell, it looks like you’ll want to deposit to the section you plan to spend your time in. In other words, if you want to bet sports, you’ll want to deposit to your sportsbook account. If you want to play blackjack or slots, you’ll want to make your deposit to the casino. The good news is that it looks like the same banking options are accepted in both sections. Find an option that works for you, and you can use it in both places. When we reviewed Spin Casino, we didn’t find any evidence that suggests they charge fees on their deposits. This is great news. However, it’s not clear whether they charge fees on withdrawals. As for limits, you can cash out as much as €4,000 per week if the amount you’re trying to cash out is more than 5x the amount that you’ve deposited over the life of your account. Otherwise, it looks like you can cash out as much as £10,000 in a 24-hour period. This will depend on the banking option you use, of course. Progressive jackpots are exempt from these rules, which is great to see. It’s no surprise, though, considering that they work with Microgaming. That wraps up their banking details. The following two sections will list the banking methods you can use to fund and cash out your account.
You can claim a few promotions as a customer of Spin Casino and Spin Sports. The following sections summarize the offers you can claim and the terms you need to fulfill if you do.
Spin Casino Promotions
The following are offers that you’ll find under the promotions tab on the casino side of things.
New Player Bonus
This is an offer available to first-time customers. Spin Casino is offering a 100% match bonus of up to $1,000. It’s spread out over your first three deposits like this.
First Deposit – 100% match up to $400
Second Deposit – 100% match up to $300
Third Deposit – 100% match up to $300
This is a nice offer because you have multiple opportunities to claim as much as you can. It’s especially helpful for players on a budget who can’t deposit $1,000 in one shot. You will need to roll over this bonus 50x, though the playthrough will depend on the casino game you play. We recommend reading their terms if you plan to play a game other than slots. The downside to this offer is that if you do happen to complete the playthrough with money to spare, and you want to withdraw it, cash-outs will be limited to 100 casino credits. You’ll forfeit the rest of the bonus. That being the case, it might make more sense to play the bonus (and lose money) until you only have 100 credits left. Then make a withdrawal if you want. That way, you can enjoy the bonus money/winnings for as long as possible. And that’s all they have for bonus offers. Spin Casino does say that they offer bonuses on a daily, weekly, and monthly basis. We have no idea what those offers look like, though. While we were there, we did notice that they have a “bonus wheel.” You spin the wheel, and you can earn prizes, such as bonuses to claim. It looks like you can spin the wheel once every couple of hours. This is pretty neat.
Loyalty Club
Spin Casino also offers a loyalty club. This is a multi-tier program that awards more perks the higher your status. This program has six levels.
Blue
Silver
Gold
Platinum
Diamond
Privé
As you ascend, you’ll receive additional perks such as bonus points, more entry points, exclusive tournaments, VIP support, phone support, and exclusive gifts and bonuses. You can receive monthly bonuses too. Climb the ladder to the very top of their VIP program, and you can receive more than $10,000 every month in bonuses. Getting to each tier is straightforward — you need to earn so many points to reach a specific status, and then so many points to maintain that status each month. You’ll earn 1 point for every $10 you spend in the casino. We recommend you read their promotions page to determine for sure if this program will be a good fit for you. But if we understand their points setup and minimum point requirements correctly, then this looks like a good program to use — even for low-stakes players!
Spin Sports Promotions
You’ll need to be in the sportsbook section in order to find their sports betting promotions. The following are the promotions we found during our review, including what you can get and the terms you need to fulfill. Free Bet – First-time sports bettors will be able to claim a free bet bonus. This is a 100% match up to $200. To claim the offer, deposit at least $10. This offer has a 5x rollover ($1,000 if you claim the entire $200) before you can withdraw any winnings. We recommend you read their terms and conditions for their other rules, as you’ll need to abide by odd minimums/maximums when you make your bets. And that’s the only offer we found for sports bettors during our review. This isn’t a bad offer by any means. That said, it would be great if they had a few other promotions running. It’d be nice to see some kind of cashback or rebate offer or additional bonuses. But as the saying goes, something is better than nothing.
Mobile Friendliness
Both Spin Casino and Spin Sports are mobile-friendly. You don’t need to download any apps. All you need to do is go to the casino or sportsbook from your phone or tablet and log in. You’ll be able to play all games and make bets from your browser. It looks like you’ll have the full sportsbook at your disposal. And considering that they work with Microgaming and Evolution Gaming, we wouldn’t be surprised if most or even all of their casino games are available. >>Claim Free Spins Now<<
Customer Support
You can use the following options to contact Spin Casino.
The email address above is addressed to the parent company of Spin Casino. The issue with that is they manage several other casinos. For that reason, we recommend that you make it clear that you’re a Spin Casino customer when you contact them. That way, you eliminate any confusion and reduce the chances of any unnecessary back and forth. We were disappointed to see that they don’t offer phone support despite saying they do in multiple places throughout their website. That said, phone support still isn’t a standard communication method offered by online gambling sites. It wouldn’t be fair if we held the lack of phone support against Spin Casino. Besides, you can contact them 24/7 using the methods above. We sent Spin Casino an email, and we were surprised to receive a response less than two hours later. They answered our questions, too. That’s better than the average casino for sure. For that reason, we give Spin Casino’s support two virtual thumbs up.
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