Education me on online poker real money gambling

I am sorry if there is a better place to ask this question. This looked like the best to me. I've read yes and no online and not sure on what is right and wrong.

NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html
NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html
NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866
NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx
Playboy going public: Porn, Gambling, and Cannabis
!!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/
https://www.playboytv.com/
https://www.playboyplus.com/
https://www.iplayboy.com/
Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/
https://www.microgaming.co.uk/
“This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/
As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1
They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era
Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea
“Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae
Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/
Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html
Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said. https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this: https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too: https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05
Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China. https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.” https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm
This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.” https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003
Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm
https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html
Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing
“Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though
https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf
Or here:
https://www.mcacquisition.com/investor-relations/default.aspx
Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.

TEKKORP DIGITAL (TEKK) is a NASDAQ-listed blank check company created to acquire and unlock the value of businesses poised for growth in the digital media, sports, entertainment, leisure and/or gaming ecosystems, by coupling transformative expertise with access to the deepest, most liquid public capital markets in the world.
287.5M Trust; Jefferies / Macquarie Capital (runners)
IPOed 10/21/2020
2021-0204 Near NAV: $10.62
https://www.tekkorpdigital.com/
S-1 Filing:
https://www.sec.gov/Archives/edgadata/1822027/000121390020028479/fs12020_tekkorpdigitalacq.htm
Team and Board of Directors:
Matthew Davey — Chief Executive Officer and Director
Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems. CEO of SG Digital, the Digital Division of Scientific Games Corp. Oversaw seven acquisitions OpenBet, Cryptologic/Chartwell; PokerStars and Intercasino
Robin Chhabra — President
Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following: TSG/Flutter Entertainment; TSG/Sky Betting and Gaming
Eric Matejevich — Chief Financial Officer
Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. Interim-CEO of Ocean Casino Resort (formerly Revel Casino), CFO of NYX. CFO of Resorts International Holdings; COO - Atlantic Club Casino. Led acquisition of Harrah’s Entertainment and Caesars Entertainment. VP of High Yield Research for Merrill Lynch.
Morris Bailey — Chairman
Mr. Bailey has been a leader in turning around Atlantic City, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings. In 2010, Mr. Bailey bought Resorts Atlantic City. Signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. Established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment. Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online.
Tony Rodio — Director Nominee
Mr. Rodio has nearly four decades of experience in the gaming industry. CEO and director of Caesars Entertainment Corporation. President, CEO and a director of Tropicana Entertainment. Exec positions at Trump Marina Hotel Casino, Harrah’s Entertainment, Atlantic City Hilton Casino Resort and Penn National Gaming.
Marlon Goldstein — Director Nominee
Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. Exec VP, Chief Legal Officer - The Stars Group. Exec VP, Corporate Development and General Counsel of TSG. Participated in numerous M&A transactions and capital markets offerings at TSG: TSG/Flutter Merger, TSG/Fox Bet; TSG/Sky Betting & Gaming; CrownBet, PokerStars.
Sean Ryan — Director Nominee
Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. VP of Business Platform Partnerships at Facebook, Inc. **Yeah, that Facebook!
Tom Roche — Director Nominee
Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young as a partner in 2003 and opened its Las Vegas office. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including Wynn Resorts initial public offering. Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment; Dubai World/MGM Resorts. Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM.

throwaway because I don’t want friends reading this and judging us
My gf (24) and I (21M) had kids before we were financially stable, they were both oopsies and while we’re happy with our boys we struggle when unexpected expenses drop and we have no savings.
My sister (29) raised my brother (16) and I and adopted us both, so don’t ask about my parents please. She and her husband send us money weekly and take our kids on a Fun Day once a month. They put aside some money for our sons adulthood, which I am ever so thankful for (they hold the saving accts.)
My gf has had issues with my sister since we announced we were expecting the first time. My sister has no poker face so it was obvious she was upset for a few hours despite her congratulations. I moved in with my gfs parents when I graduated and my son was born soon after so we had help, but GF expected sister to be more hands on. To this day gf thinks sister is trying to buy our sons love instead of taking care of them even half as often her parents do. I told her that wasn’t fair but it just starts an argument.
More recently, my brother texted me “get your **nt gf back in line and raise your own failed pullouts” which is harsh for him. Turned out Gf had dropped the boys off at my sisters for a sleepover without asking and told her “to act like family”. TBH I don’t think gf told the full story coz later my sister called apologising for my childhood, she’s trying her best to keep me and my family happy and secure but she’s not Wonder Woman; she’s DONE raising other people’s kids (and my brother has been punished, a bit harshly imo).
There’s tension coz my gf wants to cut contact with them coz of the text and call, but not before they transfer us our sons savings and agree to send the payments (her word) directly to us so they can’t be financially manipulative. I refuse: it’s beyond insulting, stupidly shortsighted, and I’m not cutting contact over this.
My gf says it’s our kids money so we get final say in where it goes and we need it now so sister should respect that. I don’t want that, life isn’t lavish but our needs are met. I feel safer knowing my sister is saving for our sons futures: they’re putting in more money monthly than we could in 6. It’s self serving, I know that, but it’s true. But now gf calls my sister controlling and spiteful coz if she truly loved our sons and wanted what was best for them she would keep sending it even if we cut contact.
I’m NOT cutting contact over teen angst that I chewed him out for and my sister shut down ASAP: I’ll ask for some distance but that’s it. Gf dropped it but is still asking for them to give us our sons savings. I’m scared of what backlash could be tbh, but gf is right, that money as an emergency fund would help us A LOT, we could breathe a bit easier at the end of the month, its the one thing her parents can’t help with. But it feels very wrong and dirty.
So WIBTA for not asking (and hoping it calms down)?
Edit: ok the amount of negative comments is overwhelming. I get that my sister did a lot, but shouldn’t that make her more sympathetic to our situation? She has adhd and maybe autism, my gfs family are a lot more affectionate than she was, at least they say “I love you” almost daily.
My sons are 3 and 1, they’re not the easiest ages to handle, some support from my side of the family would be nice, it’s always gfs family babysitting. I also don’t think my gf is toxic or entitled, just stressed and overwhelmed.
Edit 2: I wasn’t clear but the money likely comes from my sisters husband. He’s a coder, so he’s flushed, he moved her and my brother into his house, and she’s a waitress doing an online degree, so I don’t think she makes enough a ton? Also, she doesn’t want to be pregnant and her husband can’t have kids, so I think they’re childfree but not really because my brother calls him dad ? *and he’s always happy to see my kids, he’s always taking them to expensive places I know my sister can’t afford
edit 3, probably final the tide went from NTA to yta real fast. I feel like nothing here is straightforward and black and white. I feel like as much as I can appreciate my sister, I can feel sad that I missed out of the whole warm unconditionally loving nuclear family my gf had and introduced me to. They had a lot of questions about my sister and like I knew she wasn’t “normal”, but they seemed horrified at some of my stories?
I know some (like having all 3 share a bed in a 1 bedroom apartment when she first “adopted” -it wasn’t legal yet she just snuck in, packed our bags and snuck us out) weren’t her fault per se, but it still made me realise that she did some shady stuff, she just always got lucky coz people pitied us. Even the landlord was nice about her having 2 kids im a 1 person rental and put a futon in there. And Like she used to steal food right? Then she got caught, and that dude set up her with an Italian restaurant (owned by the brother of the guy who caught her stealing!!) who gave her their leftovers, and even clothes the kids no longer wore, pads/tampons, toys for Xmas. It’s like she had her own private shelter and she even was a bridesmaid for that guys niece last year. Some real Oliver Twist shit I didn’t think actually happened irl. Even this one dealer would give her a free joint when he saw her, I don’t think she even knew his name. Stuff I found funny/sweet, my gfs family looked traumatised. So yea.... not a normal upbringing.
I didn’t mean to bash my sister with the adhd comments, but I don’t know if you actually know what it’s like living with someone who shuts down when she’s overly stimulated or gets fits of energy and bugs out until she goes out for a walk, no matter time of day or weather. It doesn’t sound that bad, but it happens during dinner, movie time, homework help, in the middle of night.... plus there’s the whole start one thing and 3 hours later she’s actually started 5 others things, nothings finished and probably won’t be for like a week unless it’s urgent. It’s not abusive, it’s hist a lot to deal with you know?
I know it isn’t in her nature to be maternal and she admitted she’s not sure shes ever felt LOVE because she can’t relate to any media about it. (I know she does live us in her own way, but it’s hurts hearing her say that.) It’s complicated between us, but she is my sistemother figure, even if the money stopped I wouldn’t want to lose contact. That was never an option in my mind.
I understand where the comments related to money came from. For the record, I’m not keeping contact with my sister for the money. I don’t sound credible because I literally said it’s smarter to let her keep the account because she could put more into it, but hey, I’m an AH on behalf of my sons, not stupid. With the money I was simply pointing out that I understand my gfs POV and some cash could help us (short term, not long term, I really do want my sons to have the full amount). No one in her family can help with it, my sister probably couldn’t/wouldn’t of her husband wasnt so chill.
I asked my sister for money when we moved out of my in laws, and the second pregnancy was more complicated. She sent us money but after she got married she cut down her work hours yet the money I received tripled. I have thanked her and her husband and made them ty cards from my kids. I know this post made me sound really bad and money hungry, but please know this is just what’s going on recently, not reflective of the time before, I don’t take her money for granted and my sister knows this. But I’ll never be able to pay her back and they know it.
I rarely think about the boys savings unless I stress over the boys futures. I certainly don’t consider it theirs, it’s legally my sisters until she gifts it. I hate that this is even a fight between gf and I because I get her POV but I can’t bring myself to ask my sister about it or ask for more money/loan I feel too guilty. I can’t ask her to stop the weekly help, we’re struggling without it some months. Someone asked, we get 250 a week. When she drew up the plans for my sons savings, she committed to 150/month but her husbands slipped once and said he sends in 500 (250 per child).
So like yea. some distance between my sister and gf for a bit would do some good. I’m going to have to explain to bf that my sister can’t be fill traditional aunt/grandma roles because while she’s both, she has very little free time. she’s trying to catch up her education and career (she’s transferring to a more reputable school with in person learning to finish her degree), and my brother has been really struggling with remote learning this year so she and her husband spend a lot of time helping him. My brother also has adhd so that’s got my sister very stressed, because they’ve yet to find meds that work for him. Just saying that stress may have led to the explosion.
I don’t think my gf is toxic or manipulative, No more than my sister was at her age. Imma tell her to back off my sister and forget about the boys savings, we have a long way to go before it’s theirs, and it won’t be a life changing amount, just a boost to entre the adult world. But er, my gf holds grudges so the tension will be here for a while I think. If I ever throw her families lack of financial help in her face again I can kiss my sons goodbye, it’s a sore spot for her.
Well. My question was “AITA for not asking my sister to transfer us our sons money”. Imma take it the verdict is “no, stand my ground, my sister is a modern day saint, I need to get my shit together”. Stuff I knew and unbiased brutal honesty is a real shake up I won’t lie.
Maybe I’ll update if shit gets interesting. I’m really realllly hoping to get this behind us drama free though. Maybe I’ll answer more questions, but I got hat I came for
Edit 4: the bloody knife award? Realy? Ok How am. Still getting shit awards for this? Surely there’s more interesting posts?
Wdit5: I keep seeing this mentioned so I’ll clarify here that my gf and I got our son place when we were expecting our second son

So I recently picked up Gwent in my search to replace yugioh and I'm thoroughly impressed with the game. I started lurking on the Gwent reddit and cdpr forums and despite mostly positive comments, much to my dismay I see that many Gwent players have no idea how good they really have it. I read complaints about poor balance and lack of diversity in the meta and I can't help but facepalm 🤦‍♂️ I will address these complaints and others I've seen in the forums so that maybe you can see how well designed Gwent really is.
First a brief history of my experience with card games: I played yugioh semi-competitively for 5 years but power creep has changed how the game is played and it really bears no resemblance to the game I fell in love with so many years back. Since 2016 I've been on the hunt for a game that could fill the void that yugioh left. I started Hearthstone 3 years ago but left after a relatively short span of time due to the terrible amount of RNG and the difficulty of obtaining a top tier deck quickly. From my understanding, Hearthstone has only gone downhill since then. My next game was Magic the Gathering and I'll admit, its a great game, but not without its own faults which ill get into later. I primarily played standard and commander formats of live paper magic. Very little MTGA. I'm also a professional poker player as my sole occupation, so card games are quite close to my heart.
I started Gwent mid October 2020, about 6 weeks back. I climbed to pro rank my first season playing a homebrewed Fruits of Ysgith deck up until about rank 3 where I switched to OH. I now play MO OH, NR Revenants, and SK warriors for my meta decks and mess around with Fruits and Force of Nature when I'm not worried about MMR (which is often since I dont have 4 faction decks yet).
On to addressing complaints:
"The meta has no diversity!" This one is first because I see it most often and it drives me the most crazy. Currently in pro rank I regularly run into: OH both devotion and non, NR shield wall, NR revenants, SK warriors, SK Lippy, SK battle trance, ST symbiosis, ST deadeye ambush, ST precision strike, NG lock down, NG imposter ball, SY congregate, and SY passiflora. All of these decks have a competitive shot except maybe NG but there are posts on here where experienced players pilot even NG to high MMR. That's 14 viable decks at the highest level. For comparison, in yugioh, there are regularly tier 0 formats where 60% of the field is the same OP deck and the other 40% are decks specifically designed to counter that deck. Gwent game design ensures this can't happen since you have to play at least 4 different decks to climb the pro ladder. Even OH with its ridiculous play rate last season was only 12% of the field.
"I want to play X deck but there's not enough support so I lose!" This is a universal issue with card games but Gwent handles it better than most despite having a massive obstacle in the way of doing so. Because we have unmixable factions, CDPR essentially has to create 6 different card pools and try to support each of them while maintaining balance. In yugioh, Konami can release a few sets supporting only a couple archetypes and then drop them and move on since they don't have to worry about faction balance. This means more developed archetypes in Yugioh, but it also means that deck you've been playing for 2 years is now power crept and has no hope of getting support in future sets. Easily 95% of yugioh archetypes are entirely unplayable and will never become playable again. We are very lucky in Gwent to have a lot of support for a lot of decks.
"They changed the effect of my card and now my deck doesn't work!" HA! Try spending hundreds of real money dollars on a deck only to have your main engine banned for the foreseeable future and see your deck turn into fire kindling before your eyes. 'Greatsword is too strong' CDPR- let's make it less strong. Konami- kill it with fire! Not to mention, Gwent has no rotation like Magic and Pokémon do. Rotation makes your cards that are older than a certain time (2 years in Standard Magic) no longer legal for play. So your fun meme deck that wasn't hurting anyone is now illegal for tournament play cause its old and they want you to spend your money on new cards.
"Gwent is too hard for new players!" I won't consider myself a typical "new player" but I was able to go from the tutorial to pro rank in 3 weeks without knowing anyone who plays or watching any streams. For comparison, yugioh is so complicated that even reading the entire rule book will not teach you the majority of the rules. If you don't have people to help you along you will NEVER understand the game fully. Not to mention, Gwent's reward system and semi-synergistic starter decks alow a new player to really experience the true joy of the game even in the beginning. An MTG or yugioh starter deck (that you have to spend real money on) is literally a jumble of seemingly random cards with little to no synergy.
"Net decking is killing Gwent!" Welcome to card games in general. I have no good retort except to say that every card game has it and its not going anywhere. Just because there are decks that everyone knows are good doesn't mean there aren't decks flying under the radar. When everyone is net decking but you're being creative, you will find an edge in knowing how your opponent's deck works and what it contains while they have to play a guessing game with you. In yugioh and magic, we call this playing a rogue strategy and rogue decks often achieve a lot of success. I've seen this referred to as "surprise value" in Gwent and it shouldn't be overlooked.
There are also many parts of Gwent that are very appreciated by the player base and are big parts of what makes the game so great. The reward system is unbelievably generous (i really don't know how CDPR is making money from this game) compared to other online ccgs and compared to paper card games its not even close. To have a meta yugioh deck will often run you $400+ and some formats of Magic are far more expensive than that. The graphics for Gwent are the best I've seen and smaller amounts of RNG make the game far more skillful than competing games.
I hope this little run down helps to make clear how good we really have it with Gwent. No card game is without its flaws but Gwent is easily the most balanced and player friendly game I've been a part of.
tl;dr: Gwent has a couple issues, other games have those issues 10 times worse and then some. Gwent is king.

Hi,
I have been a professional poker player for the past 3.5 years and have been following poker and the community for the past 8 years. Also, I am a current ADA holder. After learning about the blockchain, I saw the benefits that could be obtained by running a poker site on one. I think a well done poker website on a blockchain could kill every other kind of poker site and would love to see this come to fruition. However, to create a huge poker site that rivals the likes of PokerStars requires a ton of money, experience and a huge team. Therefore, I am a bit lost at how to proceed. I guess hopefully this post catches the eyes of someone that is looking for an idea and has the expertise, team, and capabilities to pull it off.
Below I have listed the current problems that plague the poker industry, all which can be fixed by the blockchain. After, I list the challenges that would be faced if someone tried this endeavor.
Problems with Current Poker Industry:
​

• High Rake: The percentage of money the casino operator takes from each hand, known as rake, is ridiculous across all major poker sites. At the lowest stakes, the games are close to unbeatable because the operator is taking such a large percentage of the money off the table each hand. Additionally, tournaments charge registration fees of up to 10% per tournament!
• Trust: From companies being caught with backdoor super user accounts to companies not being able to play out player to trusting whether or not the RNG is rigged, there is an inherit lack of trust in the online poker community. Especially in the US in states where poker is not legal, there are now many off-shore poker sites that operate a ton of money, yet are not regulated at all by the government. It is only a matter of time before this all goes bad in my opinion.
• Community at odds with Operators: For the last 10 years that I have been in the poker community, there has always been a rivalry and tension between the players and the poker site operators, mainly PokerStars. Essentially, some time paces and PokerStars raises the rake. The players complain, try to boycott and take other measures, all to no avail. Especially 5 years ago, PokerStars had a strangle hold on the industry. Recently, some other big sites like GG Poker, Party Poker, and Run It Once have gained market share. Despite the increased competition, rake is high across all sites and the players feel like the companies only care about profit. With a decentralized poker site, the community can now come together and run the poker site using Voltaire (I think) to create the first ever poker site for the players, something the community is longing for badly in my opinion.

Challenges:
​

• Building the site: For a site to truly steal market share and compete, the software has to be elite. Run It Once is a recently launched poker operator, and they built their software by scratch and it took multiple years, overshooting all their deadlines and they still have only realized maybe 25% of what they plan to release. I am not sure how to solve this problem.
• USA Market: Poker is not legal in the US except in a handful of states.
• Licenses and Regulation: Would need many licenses to operate and would take a lot of time and money I assume
• Bots: Players using software in real time and/or using bots that actually play for them is one of the biggest issues facing the poker industry today. If somehow Cardano could alleviate this problem in any way that would be huge. But if not, then a decent amount of money and effort would need to be allocated toward security of the site regarding bots. Who would pay for this now and moving forward? Treasury? Seems like this is the biggest expense that would be tough to manage as a decentralized community. Especially with new companies like Poker King coming out that are using their security team against bots as their competitive advantage.
• A lot of competition: It seems like in the last 5 years, many new companies have gained market share. Additionally, there are some other blockchain based poker companies already in the works for a while now (Virtue Poker https://virtue.poke).

If anyone wants to run with this idea it is all yours and would be glad to help. I have been working relentlessly at poker the last 3.5 years to become one of the best in the world. In the process, I know what the players and community desires and lacks. I would love to have a strategic role in a site like this and really just want to solve the problems that I face everyday as a professional poker player.

I have been having fun playing this game on mtultiple free to play casino sites including poker stars but I've been looking to put in some real stakes for some real rewards online. Online gambling is legal where I live but no casinos near me so I'm looking for some texas hold'em games with real money stakes.
Update: Thanks guys Bovada is happily working for me! New past time activated.

A comprehensive list of books that might be of interest to people whom want to, or do practice SE.
They can also work as book recommendations for people whom you have spoken to, that want to read something that might improve their thinking or as gifts.
I have not read most of these, thus I can not personally vouch for them or recommend one over the other.
But if you do read any of them, or have any opinion it would be nice if you could create a post.
I'm not affiliated with Goodreads, but linked to them since they have links to several sources including libraries if you want to get any one of these, and often some quality reviews.
How to Have Impossible Conversations: A Very Practical Guide
https://www.goodreads.com/book/show/43885240-how-to-have-impossible-conversations by Peter Boghossian (Goodreads Author), James A. Lindsay (Goodreads Author)
3.99 · Rating details · 928 ratings
"This is a self-help book on how to argue effectively, conciliate, and gently persuade. The authors admit to getting it wrong in their own past conversations. One by one, I recognize the same mistakes in me. The world would be a better place if everyone read this book." -- Richard Dawkins, author of Science in the Soul and Outgrowing God
In our current political climate, it seems impossible to have a reasonable conversation with anyone who has a different opinion. Whether you're online, in a classroom, an office, a town hall -- or just hoping to get through a family dinner with a stubborn relative -- dialogue shuts down when perspectives clash. Heated debates often lead to insults and shaming, blocking any possibility of productive discourse. Everyone seems to be on a hair trigger.
In How to Have Impossible Conversations, Peter Boghossian and James Lindsay guide you through the straightforward, practical, conversational techniques necessary for every successful conversation -- whether the issue is climate change, religious faith, gender identity, race, poverty, immigration, or gun control. Boghossian and Lindsay teach the subtle art of instilling doubts and opening minds. They cover everything from learning the fundamentals for good conversations to achieving expert-level techniques to deal with hardliners and extremists. This book is the manual everyone needs to foster a climate of civility, connection, and empathy.
Difficult Conversations: How to Discuss What Matters Most
by Douglas Stone, Bruce Patton, Sheila Heen
4.10 · Rating details · 12,354 ratings
https://www.goodreads.com/book/show/774088.Difficult_Conversations
Whether you're dealing with an under performing employee, disagreeing with your spouse about money or child-rearing, negotiating with a difficult client, or simply saying "no," or "I'm sorry," or "I love you," we attempt or avoid difficult conversation every day. Based on fifteen years of research at the Harvard Negotiation Project, Difficult Conversations walks you through a step-by-step proven approach to having your toughest conversations with less stress and more success.
You will learn: -- how to start the conversation without defensiveness -- why what is not said is as important as what is -- ways of keeping and regaining your balance in the face of attacks and accusations -- how to decipher the underlying structure of every difficult conversation
Filled with examples from everyday life, Difficult Conversations will help you on your job, at home, or out of the world. It is a book you will turn to again and again for advice, practical skills, and reassurance.
The Thinker's Guide to Socratic Questioning by Dr. Linda Elder
https://www.goodreads.com/book/show/7276284-the-thinker-s-guide-to-socratic-questioning
Focuses on the mechanics of Socratic dialogue, on the conceptual tools that critical thinking brings to Socratic dialogue, and on the importance of questioning in cultivating the disciplined mind.
About author:
Dr. Linda Elder is an educational psychologist and a prominent authority on critical thinking. She is President of the Foundation for Critical Thinking and Executive Director of the Center for Critical Thinking.
From a review:
"...it is primarily a set of instructions detailing how to lead a Socratic dialog among (different ages of) K-12 students."
-Feliks
A Manual for Creating Atheists
by Peter Boghossian (Goodreads Author), Michael Shermer (Foreword) 3.93 · Rating details · 1,983 ratings
https://www.goodreads.com/book/show/17937621-a-manual-for-creating-atheists
For thousands of years, the faithful have honed proselytizing strategies and talked people into believing the truth of one holy book or another. Indeed, the faithful often view converting others as an obligation of their faith—and are trained from an early age to spread their unique brand of religion. The result is a world broken in large part by unquestioned faith. As an urgently needed counter to this tried-and-true tradition of religious evangelism, A Manual for Creating Atheists offers the first-ever guide not for talking people into faith—but for talking them out of it. Peter Boghossian draws on the tools he has developed and used for more than twenty years as a philosopher and educator to teach how to engage the faithful in conversations that will help them value reason and rationality, cast doubt on their religious beliefs, mistrust their faith, abandon superstition, and irrationality, and ultimately embrace reason.
The Believing Brain: From Ghosts and Gods to Politics and Conspiracies How We Construct Beliefs and Reinforce Them as Truths
by Michael Shermer 3.93 · Rating details · 6,985 ratings
https://www.goodreads.com/book/show/9754534-the-believing-brain
The Believing Brain is bestselling author Michael Shermer's comprehensive and provocative theory on how beliefs are born, formed, reinforced, challenged, changed, and extinguished.
In this work synthesizing thirty years of research, psychologist, historian of science, and the world's best-known skeptic Michael Shermer upends the traditional thinking about how humans form beliefs about the world. Simply put, beliefs come first and explanations for beliefs follow. The brain, Shermer argues, is a belief engine. From sensory data flowing in through the senses, the brain naturally begins to look for and find patterns, and then infuses those patterns with meaning. Our brains connect the dots of our world into meaningful patterns that explain why things happen, and these patterns become beliefs. Once beliefs are formed the brain begins to look for and find confirmatory evidence in support of those beliefs, which accelerates the process of reinforcing them, and round and round the process goes in a positive-feedback loop of belief confirmation. Shermer outlines the numerous cognitive tools our brains engage to reinforce our beliefs as truths.
Interlaced with his theory of belief, Shermer provides countless real-world examples of how this process operates, from politics, economics, and religion to conspiracy theories, the supernatural, and the paranormal. Ultimately, he demonstrates why science is the best tool ever devised to determine whether or not a belief matches reality.
Critical Thinking: Tools for Taking Charge of Your Professional and Personal Life
by Richard Paul,Linda Elder 3.93 · Rating details · 1,082 ratings
https://www.goodreads.com/book/show/17296839-critical-thinking
Critical Thinking is about becoming a better thinker in every aspect of your life: in your career, and as a consumer, citizen, friend, parent, and lover. Discover the core skills of effective thinking; then analyze your own thought processes, identify weaknesses, and overcome them. Learn how to translate more effective thinking into better decisions, less frustration, more wealth Ñ and above all, greater confidence to pursue and achieve your most important goals in life.
The Thinker's Guide to Analytic Thinking by Linda Elder,Richard Paul
3.89 · Rating details · 163 ratings
https://www.goodreads.com/book/show/19227921-the-thinker-s-guide-to-analytic-thinking
This guide focuses on the intellectual skills that enable one to analyze anything one might think about - questions, problems, disciplines, subjects, etc. It provides the common denominator between all forms of analysis.
It is based on the assumption that all reasoning can be taken apart and analyzed for quality.
This guide introduces the elements of reasoning as implicit in all reasoning. It begins with this idea - that whenever we think, we think for a purpose, within a point of view, based on assumptions, leading to implications and consequences. We use data, facts and experiences (information), to make inferences and judgments,based on concepts and theories to answer a question or solve a problem. Thus the elements of thought are: purpose, questions, information, inferences, assumptions, concepts, implications and point of view. In this guide, authors Linda Elder and Richard Paul explain, exemplify and contextualize these elements or structures of thought, showing the importance of analyzing reasoning in every part of human life. This guide can be used as a supplement to any text or course at the college level; and it may be used for improving thinking in personal and professional life.
The Thinker's Guide to Intellectual Standards by Linda Elder, Richard Paul
4.19 · Rating details · 16 ratings
https://www.goodreads.com/book/show/19017637-the-thinker-s-guide-to-intellectual-standards
Humans routinely assess thinking – their own thinking, and that of others, and yet they don’t necessarily use standards for thought that are reasonable, rational, sound.
To think well, people need to routinely meet intellectual standards, standards of clarity, precision, accuracy, relevance, depth, logic, fairness, significance, and so forth.
In this guide authors Elder and Paul offer a brief analysis of some of the most important intellectual standards in the English language. They look at the opposites of these standards. They argue for their contextualization within subjects and disciplines. And, they call attention to the forces that undermine their skilled use in thinking well. At present intellectual standards tend to be either taught implicitly, or ignored in instruction. Yet because they are essential to high quality reasoning in every part of human life, they should be explicitly taught and explicitly understood.
The Truth Seeker’s Handbook: A Science-Based Guide by Gleb Tsipursky (Goodreads Author) 4.24 · Rating details · 63 ratings
https://www.goodreads.com/book/show/36800752-the-truth-seeker-s-handbook
How do you know whether something is true? How do you convince others to believe the facts?
Research shows that the human mind is prone to making thinking errors - predictable mistakes that cause us to believe comfortable lies over inconvenient truths. These errors leave us vulnerable to making decisions based on false beliefs, leading to disastrous consequences for our personal lives, relationships, careers, civic and political engagement, and for our society as a whole.
Fortunately, cognitive and behavioral scientists have uncovered many useful strategies for overcoming our mental flaws.
This book presents a variety of research-based tools for ensuring that our beliefs are aligned with reality.
With examples from daily life and an engaging style, the book will provide you with the skills to avoid thinking errors and help others to do so, preventing disasters and facilitating success for yourself, those you care about, and our society.
On Being Certain: Believing You Are Right Even When You're Not
by Robert A. Burton 3.90 · Rating details · 2,165 ratings
https://www.goodreads.com/book/show/2740964-on-being-certain
You recognize when you know something for certain, right? You "know" the sky is blue, or that the traffic light had turned green, or where you were on the morning of September 11, 2001--you know these things, well, because you just do. In On Being Certain, neurologist Robert Burton challenges the notions of how we think about what we know.
He shows that the feeling of certainty we have when we "know" something comes from sources beyond our control and knowledge.
In fact, certainty is a mental sensation, rather than evidence of fact.
Because this "feeling of knowing" seems like confirmation of knowledge, we tend to think of it as a product of reason.
But an increasing body of evidence suggests that feelings such as certainty stem from primitive areas of the brain, and are independent of active, conscious reflection and reasoning. The feeling of knowing happens to us; we cannot make it happen. Bringing together cutting edge neuroscience, experimental data, and fascinating anecdotes, Robert Burton explores the inconsistent and sometimes paradoxical relationship between our thoughts and what we actually know.
Provocative and groundbreaking, On Being Certain, will challenge what you know (or think you know) about the mind, knowledge, and reason.
Asking the Right Questions: A Guide to Critical Thinking
by M. Neil Browne, Stuart M. Keeley
3.94 · Rating details · 1,290 ratings
https://www.goodreads.com/book/show/394398.Asking_the_Right_Questions
The habits and attitudes associated with critical thinking are transferable to consumer, medical, legal, and general ethical choices. When our surgeon says surgery is needed, it can be life sustaining to seek answers to the critical questions encouraged in Asking the Right Questions This popular book helps bridge the gap between simply memorizing or blindly accepting information, and the greater challenge of critical analysing the things we are told and read. It gives strategies for responding to alternative points of view and will help readers develop a solid foundation for making personal choices about what to accept and what to reject.
On Truth by Simon Blackburn 3.60 · Rating details · 62 ratings
https://www.goodreads.com/book/show/36722220-on-truth
Truth is not just a recent topic of contention. Arguments about it have gone on for centuries. Why is the truth important? Who decides what the truth is? Is there such a thing as objective, eternal truth, or is truth simply a matter of perspective, of linguistic or cultural vantage point?
In this concise book Simon Blackburn provides an accessible explanation of what truth is and how we might think about it.
The first half of the book details several main approaches to how we should think about, and decide, what is true.
These are philosophical theories of truth such as the correspondence theory, the coherence theory, deflationism, and others.
He then examines how those approaches relate to truth in several contentious domains: art, ethics, reasoning, religion, and the interpretation of texts.
Blackburn's overall message is that truth is often best thought of not as a product or an end point that is 'finally' achieved, but--as the American pragmatist thinkers thought of it--as an ongoing process of inquiry. The result is an accessible and tour through some of the deepest and thorniest questions philosophy has ever tackled
Thinking, Fast and Slow by Daniel Kahneman
4.16 · Rating details · 317,352 ratings
https://www.goodreads.com/book/show/11468377-thinking-fast-and-slow?ac=1&from_search=true&qid=ZNhf1bAIxd&rank=1
In the highly anticipated Thinking, Fast and Slow, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. Kahneman exposes the extraordinary capabilities—and also the faults and biases—of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior. The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation—each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions.
Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking.
He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slow will transform the way you think about thinking.
Before You Know It: The Unconscious Reasons We Do What We Do by John A. Bargh (Goodreads Author)
3.97 · Rating details · 788 ratings
https://www.goodreads.com/book/show/35011639-before-you-know-it
Dr. John Bargh, the world’s leading expert on the unconscious mind, presents a “brilliant and convincing book” (Malcolm Gladwell) cited as an outstanding read of 2017 by Business Insider and The Financial Times—giving us an entirely new understanding of the hidden mental processes that secretly govern every aspect of our behavior.
For more than three decades, Dr. John Bargh has conducted revolutionary research into the unconscious mind, research featured in bestsellers like Blink and Thinking Fast and Slow. Now, in what Dr. John Gottman said was “the most important and exciting book in psychology that has been written in the past twenty years,” Dr. Bargh takes us on an entertaining and enlightening tour of the forces that affect everyday behavior while transforming our understanding of ourselves in profound ways.
Dr. Bargh takes us into his labs at New York University and Yale—where he and his colleagues have discovered how the unconscious guides our behavior, goals, and motivations in areas like race relations, parenting, business, consumer behavior, and addiction.
With infectious enthusiasm he reveals what science now knows about the pervasive influence of the unconscious mind in who we choose to date or vote for, what we buy, where we live, how we perform on tests and in job interviews, and much more.
Because the unconscious works in ways we are completely unaware of, Before You Know It is full of surprising and entertaining revelations as well as useful tricks to help you remember items on your to-do list, to shop smarter, and to sleep better.
Before You Know It is “a fascinating compendium of landmark social-psychology research” (Publishers Weekly) and an introduction to a fabulous world that exists below the surface of your awareness and yet is the key to knowing yourself and unlocking new ways of thinking, feeling, and behaving.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
https://www.goodreads.com/book/show/38315.Fooled_by_Randomness
by Nassim Nicholas Taleb 4.07 · Rating details · 49,010 ratings
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand.
Philosophy books
Epistemology by Richard Feldman 3.84 · Rating details · 182 ratings
https://www.goodreads.com/book/show/387295.Epistemology
Sophisticated yet accessible and easy to read, this introduction to contemporary philosophical questions about knowledge and rationality goes beyond the usual bland survey of the major current views to show that there is argument involved. Throughout, the author provides a fair and balanced blending of the standard positions on epistemology with his own carefully reasoned positions or stances into the analysis of each concept. KEY TOPICS: Epistemological Questions. The Traditional Analysis of Knowledge. Modifying the Traditional Analysis of Knowledge. Evidentialist Theories of Justification. Non-evidentialist Theories of Knowledge and Justification. Skepticism. Epistemology and Science. Relativism.
Problems of Knowledge: A Critical Introduction to Epistemology by Michael J. Williams
3.79 · Rating details · 86 ratings
https://www.goodreads.com/book/show/477904.Problems_of_Knowledge
"What is epistemology or 'the theory of knowledge'? Why does it matter? What makes theorizing about knowledge 'philosophical'? And why do some philosophers argue that epistemology - perhaps even philosophy itself - is dead?" "
In this introduction, Michael Williams answers these questions, showing how epistemological theorizing is sensitive to a range of questions about the nature, limits, methods, and value of knowing.
He pays special attention to the challenge of philosophical scepticism: does our 'knowledge' rest on brute assumptions? Does the rational outlook undermine itself?"
Williams explains and criticizes all the main contemporary philosophical perspectives on human knowledge, such as foundationalism, the coherence theory, and 'naturalistic' theories. As an alternative to all of them, he defends his distinctive contextualist approach.
As well as providing an accessible introduction for any reader approaching the subject for the first time, this book incorporates Williams's own ideas which will be of interest to all philosophers concerned with the theory of knowledge.
Epistemology: A Contemporary Introduction to the Theory of Knowledge by Robert Audi
3.54 · Rating details · 176 ratings
https://www.goodreads.com/book/show/477976.Epistemology
This comprehensive book introduces the concepts and theories central for understanding knowledge. It aims to reach students who have already done an introductory philosophy course. Topics covered include perception and reflection as grounds of knowledge, and the nature, structure, and varieties of knowledge. The character and scope of knowledge in the crucial realms of ethics, science and religion are also considered. Unique features of Epistemology:

• Provides a comprehensive survey of basic concepts and major theories
• Gives an up-to-date account of important developments in the field
• Contains many lucid examples to support ideas
• Cites key literature in an annotated bibliography.

The Oxford Handbook of Thinking and Reasoning
https://www.goodreads.com/book/show/14829260-the-oxford-handbook-of-thinking-and-reasoning
by Keith J. Holyoak (Editor), Robert G. Morrison (Editor)
4.08 · Rating details · 12 ratings
Thinking and reasoning, long the academic province of philosophy, have over the past century emerged as core topics of empirical investigation and theoretical analysis in the modern fields of cognitive psychology, cognitive science, and cognitive neuroscience. Formerly seen as too complicated and amorphous to be included in early textbooks on the science of cognition, the study of thinking and reasoning has since taken off, brancing off in a distinct direction from the field from which it originated.
The Oxford Handbook of Thinking and Reasoning is a comprehensive and authoritative handbook covering all the core topics of the field of thinking and reasoning.
Written by the foremost experts from cognitive psychology, cognitive science, and cognitive neuroscience, individual chapters summarize basic concepts and findings for a major topic, sketch its history, and give a sense of the directions in which research is currently heading.
Chapters include introductions to foundational issues and methods of study in the field, as well as treatment of specific types of thinking and reasoning and their application in a broad range of fields including business, education, law, medicine, music, and science.
The volume will be of interest to scholars and students working in developmental, social and clinical psychology, philosophy, economics, artificial intelligence, education, and linguistics.
Feminist Epistemologies
(Thinking Gender) by Linda Martín Alcoff, Elizabeth Potter 4.14 · Rating details · 43 ratings
https://www.goodreads.com/book/show/477960.Feminist_Epistemologies
Noticed this review by an evangelical:
"I have found this an immensely suggestive book, collecting as it does essays from both prominent and rising figures in feminist philosophy of knowledge--albeit from about two decades ago. I am struck by how little impact feminist thought, even of this high and generally temperate quality, has had on evangelical theology, to the shame of my guild."
-John
The Invisible Gorilla: And Other Ways Our Intuitions Deceive Us
by Christopher Chabris, Daniel Simons 3.91 Rating details · 13,537 ratings
https://www.goodreads.com/book/show/7783191-the-invisible-gorilla
Reading this book will make you less sure of yourself—and that’s a good thing. In The Invisible Gorilla, Christopher Chabris and Daniel Simons, creators of one of psychology’s most famous experiments, use remarkable stories and counterintuitive scientific findings to demonstrate an important truth: Our minds don’t work the way we think they do. We think we see ourselves and the world as they really are, but we’re actually missing a whole lot.
Again and again, we think we experience and understand the world as it is, but our thoughts are beset by everyday illusions. We write traffic laws and build criminal cases on the assumption that people will notice when something unusual happens right in front of them. We’re sure we know where we were on 9/11, falsely believing that vivid memories are seared into our minds with perfect fidelity. And as a society, we spend billions on devices to train our brains because we’re continually tempted by the lure of quick fixes and effortless self-improvement.
The Invisible Gorilla reveals the myriad ways that our intuitions can deceive us, but it’s much more than a catalog of human failings. Chabris and Simons explain why we succumb to these everyday illusions and what we can do to inoculate ourselves against their effects. Ultimately, the book provides a kind of x-ray vision into our own minds, making it possible to pierce the veil of illusions that clouds our thoughts and to think clearly for perhaps the first time.
The Honest Truth About Dishonesty: How We Lie to Everyone - Especially Ourselves by Dan Ariely 3.94 · Rating details · 13,620 ratings
https://www.goodreads.com/book/show/13426114-the-honest-truth-about-dishonesty
The New York Times bestselling author of Predictably Irrational and The Upside of Irrationality returns with thought-provoking work to challenge our preconceptions about dishonesty and urge us to take an honest look at ourselves.
Does the chance of getting caught affect how likely we are to cheat? How do companies pave the way for dishonesty? Does collaboration make us more honest or less so? Does religion improve our honesty?
Most of us think of ourselves as honest, but, in fact, we all cheat.
From Washington to Wall Street, the classroom to the workplace, unethical behavior is everywhere. None of us is immune, whether it's the white lie to head off trouble or padding our expense reports. In The (Honest) Truth About Dishonesty, award-winning, bestselling author Dan Ariely turns his unique insight and innovative research to the question of dishonesty.
Generally, we assume that cheating, like most other decisions, is based on a rational cost-benefit analysis.
But Ariely argues, and then demonstrates, that it's actually the irrational forces that we don't take into account that often determine whether we behave ethically or not.
For every Enron or political bribe, there are countless puffed résumés, hidden commissions, and knockoff purses. In The (Honest) Truth About Dishonesty, Ariely shows why some things are easier to lie about; how getting caught matters less than we think; and how business practices pave the way for unethical behavior, both intentionally and unintentionally. Ariely explores how unethical behavior works in the personal, professional, and political worlds, and how it affects all of us, even as we think of ourselves as having high moral standards.
But all is not lost. Ariely also identifies what keeps us honest, pointing the way for achieving higher ethics in our everyday lives. With compelling personal and academic findings, The (Honest) Truth About Dishonesty will change the way we see ourselves, our actions, and others.
How to Stop Believing in Hell: a Schizophrenic's Religious Experience: Intellectual Honesty and Hallucinations - A Memoir
by Robert Clayton Kimball
https://www.goodreads.com/book/show/22020049-how-to-stop-believing-in-hell
it was amazing 5.00 · Rating details · 1 rating Kirkus Reviews:
“…Kimball’s debut explores his hallucinatory religious mania, from his early childhood onward, beginning when he attended Catholic school. The early pages guide readers through narratives of his uncomfortable childhood traumas, sometimes in ugly detail…. Various other moments of shame revolved around school. Finding sex repugnant and sinful, he decided early on to remain celibate; he avoided sex until his eventual institutionalization. Meanwhile, hallucinatory monsters—including Lorus, “a turbulent face, golden like the comedy mask…”—and company pushed him away from religion, though he did convert to Pentecostalism in spite of them. Through this process, Kimball developed a solipsistic worldview, in which he was never sure others existed. Ultimately, though, it was his fear of damnation that became his greatest obsession, driving all the rest of his delusions and fears. He does exhibit a flair for description…: “On summer evenings, I liked to stand on the arroyo side of the house at night, alone, feeling the desert breeze through the tamarisks and smelling the clean desert smells in the warm darkness. The long row of tamarisks, with its tens of thousands of insects of a thousand species, hummed like the telephone network in The Castle, a beautiful, accidental music.’”
Author’s Description:
How to Stop Believing in Hell, describes the narrator's passage from a golden childhood to an adolescence of cringing guilt and religious fear. By the age of thirty, he had become a deranged street person, screaming horrible obscenities on crowded sidewalks in broad daylight. He desperately tried to stop but couldn’t. He was still filled with the fear of Hell. Then he had a spiritual awakening, broke free of his dementia, and learned to act deliberately. A paperback copy of this book can be purchased through my publisher, Chipmunka Publishing at their web site.
The Demon-Haunted World: Science as a Candle in the Dark
by Carl Sagan, Ann Druyan (Goodreads Author)
4.27 · Rating details · 59,893 ratings
https://www.goodreads.com/book/show/17349.The_Demon_Haunted_World
How can we make intelligent decisions about our increasingly technology-driven lives if we don’t understand the difference between the myths of pseudoscience and the testable hypotheses of science? Pulitzer Prize-winning author and distinguished astronomer Carl Sagan argues that scientific thinking is critical not only to the pursuit of truth but to the very well-being of our democratic institutions.
Casting a wide net through history and culture, Sagan examines and authoritatively debunks such celebrated fallacies of the past as witchcraft, faith healing, demons, and UFOs. And yet, disturbingly, in today's so-called information age, pseudoscience is burgeoning with stories of alien abduction, channeling past lives, and communal hallucinations commanding growing attention and respect. As Sagan demonstrates with lucid eloquence, the siren song of unreason is not just a cultural wrong turn but a dangerous plunge into darkness that threatens our most basic freedoms.
How to Think about Weird Things: Critical Thinking for a New Age
by Theodore Schick Jr. Lewis Vaughn, Martin Gardner (Foreword)
4.00 · Rating details · 530 ratings
https://www.goodreads.com/book/show/41756.How_to_Think_about_Weird_Things
This text serves well as a supplemental text in:

• critical thinking
• logic
• introduction to philosophy
• philosophy of science
• epistemology
• metaphysics
• introduction to psychology
• anomalistic psychology
• perception and cognition

as well as any introductory science course.
It has been used in all of the courses mentioned above as well as introductory biology, introductory physics, and introductory chemistry courses. It could also serve as a main text for courses in evaluation of the paranormal, philosophical implications of the paranormal, occult beliefs, and pseudoscience.
Popular Statistics
Naked Statistics: Stripping the Dread from the Data
by Charles Wheelan 3.94 · Rating details · 10,367 ratings
https://www.goodreads.com/book/show/17986418-naked-statistics
Once considered tedious, the field of statistics is rapidly evolving into a discipline Hal Varian, chief economist at Google, has actually called “sexy.” From batting averages and political polls to game shows and medical research, the real-world application of statistics continues to grow by leaps and bounds. How can we catch schools that cheat on standardized tests? How does Netflix know which movies you’ll like? What is causing the rising incidence of autism? As best-selling author Charles Wheelan shows us in Naked Statistics, the right data and a few well-chosen statistical tools can help us answer these questions and more. For those who slept through Stats 101, this book is a lifesaver. Wheelan strips away the arcane and technical details and focuses on the underlying intuition that drives statistical analysis. He clarifies key concepts such as inference, correlation, and regression analysis, reveals how biased or careless parties can manipulate or misrepresent data, and shows us how brilliant and creative researchers are exploiting the valuable data from natural experiments to tackle thorny questions.
And in Wheelan’s trademark style, there’s not a dull page in sight. You’ll encounter clever Schlitz Beer marketers leveraging basic probability, an International Sausage Festival illuminating the tenets of the central limit theorem, and a head-scratching choice from the famous game show Let’s Make a Deal—and you’ll come away with insights each time. With the wit, accessibility, and sheer fun that turned Naked Economics into a bestseller, Wheelan defies the odds yet again by bringing another essential, formerly unglamorous discipline to life.
The Signal and the Noise: Why So Many Predictions Fail—But Some Don't by Nate Silver
3.98 · Rating details · 43,804 ratings · 3,049 reviews
https://www.goodreads.com/book/show/13588394-the-signal-and-the-noise
One of Wall Street Journal's Best Ten Works of Nonfiction in 2012
New York Times Bestseller
"Not so different in spirit from the way public intellectuals like John Kenneth Galbraith once shaped discussions of economic policy and public figures like Walter Cronkite helped sway opinion on the Vietnam War…could turn out to be one of the more momentous books of the decade." -New York Times Book Review
"Nate Silver's The Signal and the Noise is The Soul of a New Machine for the 21st century." -Rachel Maddow, author of Drift
"A serious treatise about the craft of prediction-without academic mathematics-cheerily aimed at lay readers. Silver's coverage is polymathic, ranging from poker and earthquakes to climate change and terrorism." -New York Review of Books
Nate Silver built an innovative system for predicting baseball performance, predicted the 2008 election within a hair's breadth, and became a national sensation as a blogger-all by the time he was thirty. He solidified his standing as the nation's foremost political forecaster with his near perfect prediction of the 2012 election. Silver is the founder and editor in chief of FiveThirtyEight.com.
Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data. Most predictions fail, often at great cost to society, because most of us have a poor understanding of probability and uncertainty. Both experts and laypeople mistake more confident predictions for more accurate ones. But overconfidence is often the reason for failure. If our appreciation of uncertainty improves, our predictions can get better too. This is the "prediction paradox": The more humility we have about our ability to make predictions, the more successful we can be in planning for the future.
In keeping with his own aim to seek truth from data, Silver visits the most successful forecasters in a range of areas, from hurricanes to baseball, from the poker table to the stock market, from Capitol Hill to the NBA. He explains and evaluates how these forecasters think and what bonds they share. What lies behind their success? Are they good-or just lucky? What patterns have they unraveled? And are their forecasts really right? He explores unanticipated commonalities and exposes unexpected juxtapositions. And sometimes, it is not so much how good a prediction is in an absolute sense that matters but how good it is relative to the competition. In other cases, prediction is still a very rudimentary-and dangerous-science.
Silver observes that the most accurate forecasters tend to have a superior command of probability, and they tend to be both humble and hardworking. They distinguish the predictable from the unpredictable, and they notice a thousand little details that lead them closer to the truth. Because of their appreciation of probability, they can distinguish the signal from the noise.
With everything from the health of the global economy to our ability to fight terrorism dependent on the quality of our predictions, Nate Silver's insights are an essential read.
Bayesian Statistics the Fun Way: Understanding Statistics and Probability with Star Wars, Lego, and Rubber Ducks
by Will Kurt 4.21 · Rating details · 128 ratings
https://www.goodreads.com/book/show/41392893-bayesian-statistics-the-fun-way
Fun guide to learning Bayesian statistics and probability through unusual and illustrative examples.
Probability and statistics are increasingly important in a huge range of professions. But many people use data in ways they don't even understand, meaning they aren't getting the most from it. Bayesian Statistics the Fun Way will change that.
This book will give you a complete understanding of Bayesian statistics through simple explanations and un-boring examples. Find out the probability of UFOs landing in your garden, how likely Han Solo is to survive a flight through an asteroid shower, how to win an argument about conspiracy theories, and whether a burglary really was a burglary, to name a few examples.
By using these off-the-beaten-track examples, the author actually makes learning statistics fun. And you'll learn real skills, like how to:

• How to measure your own level of uncertainty in a conclusion or belief
• Calculate Bayes theorem and understand what it's useful for
• Find the posterior, likelihood, and prior to check the accuracy of your conclusions
• Calculate distributions to see the range of your data
• Compare hypotheses and draw reliable conclusions from them

Next time you find yourself with a sheaf of survey results and no idea what to do with them, turn to Bayesian Statistics the Fun Way to get the most value from your data.

Team has been involved in a substantial number of the digital media, sports, entertainment, leisure and gaming industries’ most significant merger and acquisition transactions, holding key positions at, and transacting with Scientific Games Corp, Inspired Gaming Group, FOX Bets, Ocean Casino Resort, Resorts International Holdings, PokerStars, DraftKings, Mohegan Sun, Caesars Entertainment Corporation, Harrah’s Entertainment, Tropicana Entertainment, Inc., TSG/Sky Betting & Gaming, Facebook, Inc, Wynn Resorts, Dubai World/MGM Resorts
Here's all the Bios. These guys are stellar! TEKK closed at $10.30 today. Still cheap!
If you don't like to read... you don't like to make money!!!!
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Matthew Davey — Chief Executive Officer and Director
Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems, as well as experience in the public sector. He is an experienced public company executive officer and board member. He has served in executive management positions across the gaming technology arena. Over the course of Mr. Davey’s career, he oversaw more than ten mergers and acquisitions and over $1.2 billion in debt and equity capital raised to support the companies he has led.
Most recently, Mr. Davey was Chief Executive Officer of SG Digital, the Digital Division of Scientific Games Corp. (“Scientific Games”) (Nasdaq: SGMS). SG Digital was established following the purchase by Scientific Games of NYX Gaming Group Limited (“NYX”) (formerly TSXV: NYX), where Mr. Davey served as Chief Executive Officer and Director. The NYX acquisition provided Scientific Games with a vehicle to significantly accelerate the scale and breadth of its existing digital gaming business, including the strategic expansion into sports betting. In his capacity as Chief Executive Officer of NYX, Mr. Davey developed and implemented a corporate strategy that generated strong revenue growth. Mr. Davey shaped company strategy to focus on digital gaming supplier platforms and content that provided various gaming operators with the underlying gaming and sports betting systems for their online gaming business. In 2014, Mr. Davey oversaw the initial public offering of NYX, and his experience in the digital media, sports, entertainment, leisure and gaming industries helped NYX recognize momentum as a public company. After the public offering, from 2014 to 2018, Mr. Davey oversaw seven acquisitions which helped establish NYX as one of the fastest growing global B2B real-money digital gaming and sports betting platforms. These acquisitions included:
• OpenBet: In 2016, NYX completed the $385 million acquisition of OpenBet. This was one of the more complex and transformative acquisitions that Mr. Davey oversaw at NYX. Through securing co-investments from William Hill (LSE: WMH), Sky Betting & Gaming and The Stars Group (formerly Nasdaq: TSG, TSX: TSGI), Mr. Davey was able to get the acquisition from Vitruvian Partners completed successfully, winning the deal against much larger and well capitalized competitors. By combining two established and proven B2B betting and gaming suppliers, NYX was well positioned to provide customers with exciting player-driven solutions across all major product verticals and distribution channels. This allowed NYX to become the leading B2B omni-channel sportsbook platform in the market and the supplier to over 300 gaming operators globally with an extensive library of desktop and mobile game titles, including more than 700 on NYX platforms and more than 2,000 on the OpenBet platform.
• Cryptologic/Chartwell: In 2015, NYX completed the $119 million acquisition of Cryptologic and Chartwell. The acquisition provided NYX with more than 400 titles of additional leading gaming content, a broader customer base, and direct exposure to PokerStars and Intercasino, part of the Gamesys Group (LSE: GYS) — two of the world’s largest online casino offerings.
• OnGame: In 2014, NYX completed the distressed acquisition of OnGame, a premier poker content, platform and service provider. This acquisition provided NYX with one of the best poker products in the industry, access to several regulated jurisdictions, and a valuable talent pool that was instrumental in the growth of NYX. The addition of OnGame further established a path for NYX to continue its growth in both European and U.S. markets.
These acquisitions, together with meaningful organic growth, increased NYX’s revenue from $24 million in 2014 to $184 million annualized in 2017. During that time, Mr. Davey helped build NYX to have over 200 customers in the global gaming industry and a team of 1,000 employees. Mr. Davey’s success at NYX ultimately led to its sale to Scientific Games for $631 million in 2018.
Mr. Davey joined Next Gen Gaming, the predecessor to NYX, in 2000 as the Vice President of Technology, was appointed as Executive Director in 2003 and named Chief Executive Officer in 2005. Prior to that, he was the Senior Consultant for Access Systems, a company that specializes in the provision of back-end software for licensed online casinos. Prior to joining Access, Mr. Davey worked for the Northern Territory Government specializing in matters pertaining to the internet and e-commerce along with roles in the Department of Racing and Gaming. Mr. Davey received a Bachelor of Electrical & Electronic Engineering from Northern Territory University, Australia (also known as Charles Darwin University).
Robin Chhabra — President
Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His prior experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group (“TSG”) and William Hill, and a leading supplier, Inspired Gaming Group (Nasdaq: INSE). Mr. Chhabra served on the Group Executive Committees of each of these companies. From 2017 to May 2020, Mr. Chhabra served as Chief Corporate Development Officer at TSG and, from 2019 to August 2020, he also served as the Chief Executive Officer of Fox Bet, a leading U.S. online gaming business which is the product of a landmark partnership between TSG and FOX Sports, a transaction which he led. During that period, Mr. Chhabra led several transactions which transformed TSG into the largest publicly listed online gambling operator in the world by both revenue and market capitalization and one of the most diversified from a product and geographic perspective with revenues of over $2.5 billion. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following:
• TSG/Flutter Entertainment Merger: In 2019, Mr. Chhabra led the TSG M&A team that was responsible for TSG’s $12.2 billion merger with Flutter Entertainment (LSE: FLTR). The merger between TSG and Flutter Entertainment is the largest transaction in the digital gaming industry to date. The combination created the largest publicly listed online gaming company with approximately 13 million active customers and leading product offerings, which include sports betting, online casino, fantasy sports and poker. The combined entity includes some of the world’s most iconic digital gaming brands such as Fanduel, Fox Bet, Sky Bet, PaddyPower, Betfair, PokerStars and SportsBet. TSG/Flutter Entertainment is one of the most geographically diverse digital gaming and media companies with leading positions in the United States, United Kingdom, Australia, Ireland, Italy, Spain, Germany and Georgia.
• TSG/Sky Betting and Gaming (“SBG”): In 2018, Mr. Chhabra led the acquisition of SBG from CVC Capital Partners and Sky plc, Europe’s largest media company, in a transaction valued at $4.7 billion. At the time of the acquisition SBG was the largest mobile gambling operator in the United Kingdom and one of the fastest growing of the major operators having doubled its online market share in three years. The acquisition of SBG provided TSG with (a) greater revenue diversification, significantly enhanced expertise and exposure to sports betting just ahead of the judicial overturn of The Professional and Amateur Sports Protection Act of 1992 (PASPA) by the U.S. Supreme Court, (b) a leading position within the United Kingdom, the world’s largest regulated online gaming market, (c) improved products and technology as a result of the addition of SBG’s innovative casino and sports book offerings and a portfolio of popular mobile apps, and (d) expertise in deeply integrating sports betting with leading sports media companies, positioning TSG to create more engaging content, deliver faster growth and decrease customer acquisition costs.
• William Hill (LSE: WMH): At William Hill, from 2010 to 2017, Mr. Chhabra served as Group Director of Strategy and Corporate Development where he led several transactions which contributed to William Hill’s transformation from a land-based gambling operator in the United Kingdom to a leading online-led international business. Mr. Chhabra led William Hill’s entry into the U.S. sports betting and online lottery markets with the acquisition of four businesses, including the simultaneous acquisitions of three U.S. sportsbooks, Cal Neva, American Wagering and Brandywine Bookmaking, in 2011 for an aggregate purchase price of $55 million. These businesses ultimately led William Hill to achieve a leading position in the U.S. sports betting market with a market share of 24% in 2019. Additionally, Mr. Chhabra played a key role in structuring William Hill’s successful joint venture with PlayTech Plc (LSE: PTEC) in 2008. The combined entity created one of the largest online gambling businesses in Europe at the time of its formation and led to William Hill’s buyout of Playtech’s interest for $637 million in 2013. Prior to the transaction, William Hill had struggled in its attempt to establish a strong online gaming platform and a meaningful presence outside the United Kingdom.
Mr. Chhabra has also successfully completed four transactions worth over $1.2 billion in Australia, the world’s second largest regulated online gambling market, and various partnerships in Asia. Additionally, he completed several technology and media related transactions, including William Hill’s investment in NYX, where he worked with Mr. Davey on NYX’s transformational acquisition of OpenBet.
Prior to working in the gaming sector, Mr. Chhabra was an equities analyst and a management consultant. Mr. Chhabra received a Bachelor of Science in Economics from the London School of Economics and Political Science.
Eric Matejevich — Chief Financial Officer
Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. From February to August 2019, he served as Trustee and Interim-Chief Executive Officer of Ocean Casino Resort (“Ocean”) (formerly Revel Casino, which had a construction cost of $2.4 billion) in Atlantic City, where he successfully led the management team through an ownership change and operational turnaround effort. Over the course of seven months, Mr. Matejevich managed to reduce the property’s weekly cash burn of $1.5 million to an annualized cash flow run rate in excess of $20 million.
Prior to Ocean, from 2016 to 2018, Mr. Matejevich served as the Chief Financial Officer of NYX. At NYX, he focused his efforts on integrating the company’s many acquisitions and multiple debt refinancings to simplify its capital structure and provided liquidity for growth initiatives. Additionally, Mr. Matejevich was instrumental to the executive team that sold NYX to Scientific Games for $631 million.
Prior to NYX, from 2004 to 2014, Mr. Matejevich was the Chief Financial Officer of Resorts International Holdings and later, from 2011, also the Chief Operating Officer of the Atlantic Club Casino, a property under the Resorts International Holdings umbrella — a Colony Capital (NYSE: CLNY) entity. As Chief Financial Officer, he provided managerial oversight for all finance functions for a six-property casino company with annual gaming revenue exceeding $1.3 billion, 10,000 gaming positions, 7,000 hotel rooms and over 11,000 staff members during his tenure. Mr. Matejevich led the transition effort to integrate a four-casino, $1.3 billion acquisition from Harrah’s Entertainment and Caesars Entertainment (Nasdaq: CZR). As Chief Operating Officer of Atlantic Club, he lobbied for and was successful in obtaining the first internet gaming legislation passed in the United States. The Atlantic Club was the sole New Jersey casino proponent of the legislation.
Prior to serving in various gaming positions, Mr. Matejevich was a Vice President of High Yield Research for Merrill Lynch, where he managed the corporate bond research effort for the gaming and leisure sectors and marketed high yield and other debt transactions totaling $4.8 billion. Mr. Matejevich received a Bachelor of Science in Economics from The Wharton School and a Bachelor of Arts in International Relations from The College of Arts and Sciences at the University of Pennsylvania.
Our Board of Directors
Morris Bailey — Chairman
Over the past 10 years, Mr. Bailey has been a leader in turning around Atlantic City, as well as being among the first gaming executives to embrace online gaming and sports betting in the United States. In his efforts, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings (Nasdaq: DKNG). In 2010, Mr. Bailey bought Resorts Atlantic City (“Resorts”) and initiated a comprehensive renovation which allowed for the property to be rebranded and repositioned. In 2012, Mr. Bailey signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. In addition to Mohegan Sun’s operational expertise and ability to reduce costs via economies of scale, Resorts gained access to their robust customer database. Soon thereafter, Mr. Bailey and his team focused on bringing online gaming to the property. In 2015, Resorts established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment, PLC (LSE: FLTR), to operate an online poker room in Atlantic City. In 2018, Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online. For 2020 year-to-date, Resorts has performed in the top quartile in internet gross gaming revenue in New Jersey. Mr. Bailey’s efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States.
In addition to his gaming interests, Mr. Bailey has over 50 years of experience in all facets of real estate development, asset M&A, capital markets and operations and is the founder, Chief Executive Officer and Principal of JEMB Realty, a leading real estate development, investment and management organization. Mr. Bailey has notable investment experience within the energy, finance and telecommunications sectors through investments in the Astoria Energy Plant, Basis Investment Group and Xentris Wireless.
Tony Rodio — Director Nominee
Mr. Rodio has nearly four decades of experience in the gaming industry. Most recently, Mr. Rodio served as the Chief Executive Officer and director of Caesars Entertainment Corporation (“Caesars”) (Nasdaq: CZR), one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company, from April 2019 until its acquisition by Eldorado Resorts, Inc. in July 2020. Mr. Rodio led Caesars through its $17.3 billion merger with Eldorado Resorts, one of the largest transactions in the gaming industry to date. Additionally, Mr. Rodio was instrumental to Caesars’ expansion into the digital gaming industry and oversaw the implementation of new digital segments such as its Scientific Games powered retail sportsbook solution that now operates in various states throughout the U.S. From October 2018 to May 2019, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to Affinity Gaming, he served as President, Chief Executive Officer and a director of Tropicana Entertainment, Inc. (“Tropicana”) for over seven years, where he was responsible for the operation of eight casino properties in seven different jurisdictions. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects, including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Ultimately, Mr. Rodio’s efforts at Tropicana led to its sale to Eldorado Resorts in 2018 for $1.85 billion. Prior to Tropicana, Mr. Rodio held a succession of executive positions in Atlantic City for casino brands, including Trump Marina Hotel Casino, Harrah’s Entertainment (predecessor to Caesars), the Atlantic City Hilton Casino Resort and Penn National Gaming. He has also served as a director of several professional and charitable organizations, including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism. Mr. Rodio brings extensive knowledge of and experience in the gaming industry, operational expertise, and a demonstrated ability to effectively design and implement company strategy. Mr. Rodio received a Bachelor of Science from Rider University and a Master of Business Administration from Monmouth University.
Marlon Goldstein — Director Nominee
Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. He joined The Stars Group (Nasdaq: TSG)(TSX: TSGI) in January 2014 as its Executive Vice-President, Chief Legal Officer and Secretary until his retirement from the company in July 2020 following the merger of TSG with Flutter Entertainment, PLC (LSE: FLTR). Mr. Goldstein also previously served as the Executive Vice-President, Corporate Development and General Counsel of TSG. Mr. Goldstein was also the senior TSG executive based in the United States and was one of the primary architects of TSG’s strategic vision for its U.S.-facing business. During his tenure, TSG grew from an approximately $500 million market-cap company to an approximately $7 billion market-cap company through a combination of organic growth and strategic mergers and acquisitions. Mr. Goldstein participated in numerous M&A transactions and capital markets offerings at TSG, including several transformational transactions in the digital gaming industry. Notable transactions in which Mr. Goldstein was involved include:
• TSG/Flutter Merger: In 2019, TSG merged with Flutter for a $12.2 billion transaction value, the largest transaction in the digital gaming industry to date.
• TSG/Fox Bet Partnership: In 2019, TSG entered into a partnership with FOX Sports to create FOX Bet in the U.S., a leading U.S. online gaming business. Wall Street Research estimates an approximate $1.1 billion valuation for Fox Bet post-partnership with The Stars Group.
• TSG/Sky Betting & Gaming: In 2018, TSG acquired Sky Betting & Gaming, the largest mobile gambling operator in the United Kingdom at the time, for $4.7 billion.
• TSG/CrownBet and William Hill: In 2018, TSG simultaneously acquired CrownBet and William Hill, two Australian operators, for a total of $621 million in a multi-part transaction.
• TSG/PokerStars and Full Tilt Poker: In 2014, TSG acquired The Rational Group, which operated PokerStars and Full Tilt and was the world’s largest poker business, for $4.9 billion.
Through his ability to legally structure large and complex transactions, Mr. Goldstein was integral to TSG’s vision of becoming a full-service online gaming company. Additionally, he assisted in structuring TSG’s capital markets activity, which generated liquidity for acquisitions and strengthened its balance sheet.
Prior to joining TSG, Mr. Goldstein was a principal shareholder in the corporate and securities practice at the international law firm of Greenberg Traurig P.A., where he practiced for almost 13 years. Mr. Goldstein’s practice focused on corporate and securities matters, including mergers and acquisitions, securities offerings, and financing transactions. Additionally, Mr. Goldstein was the founder and co-chair of the firm’s Gaming Practice, a multi-disciplinary team of attorneys representing owners, operators and developers of gaming facilities, manufacturers and suppliers of gaming devices, investment banks and lenders in financing transactions, and Indian tribes in the development and financing of gaming facilities.
Mr. Goldstein brings experience and insight that we believe will be valuable to a potential initial business combination target business. Mr. Goldstein received a Bachelor of Business Administration with a concentration in accounting from Emory University and a Juris Doctorate with highest honors from the University of Florida, College of Law.
Sean Ryan — Director Nominee
Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. Since 2014, Mr. Ryan has been serving as Vice President of Business Platform Partnerships at Facebook, Inc. (“Facebook”) (Nasdaq: FB), where he leads a more than 500 person global organization that manages the Payments, Commerce, Novi/Blockhain, Workplace and Audience Network businesses. Prior to his current role, Mr. Ryan was hired in 2011 as the Director of Games Partnerships to lead and grow the global Games business at Facebook. While the Director of Games Partnerships, Mr. Ryan focused on re-shaping Facebook’s games and monetization strategies to derive more value for Facebook, its users and its partners, including the addition of a Real Money Gaming offering in regulated markets. Mr. Ryan’s team helped accelerate a major trend in engagement through cross-platform games and therefore the opportunity to increase users through establishing games on multiple platforms. Prior to joining Facebook, Mr. Ryan created the new social and mobile games division at News Corp, an American multinational mass media corporation controlled by Rupert Murdoch. While at News Corp, Mr. Ryan led the acquisition of Making Fun, a San Francisco social-game start-up, that created News Corp’s games publishing division.
Before joining News Corp., Mr. Ryan founded multiple digital businesses such as Twofish, Meez, Open Wager and SingShot Media. Mr. Ryan co-founded Twofish in 2009, a virtual goods and services platform that provided developers with data analytics and insights for individual application’s digital economies. Twofish was later sold to online payments provider Live Gamer, where Mr. Ryan served on the board of directors. From 2005 to 2008, Mr. Ryan founded and led Meez.com, a social entertainment service combining avatars, web games and virtual worlds. The white label social casino gaming company Open Wager was spun out of Meez and was later sold to VGW Holdings, Mr. Ryan also co-founded SingShot Media, an online karaoke community, which was sold to Electronic Arts (Nasdaq: EA) and merged into its Sims division.
We believe Mr. Ryan’s experience will be valuable to a potential initial business combination target and would provide an expanded perspective on the digital gaming landscape. Mr. Ryan received a Bachelor of Arts from Columbia University and a Master of Business Administration from the University of California, Los Angeles.
Tom Roche — Director Nominee
Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young (“EY”) as a partner in 2003 and opened its Las Vegas office. He was subsequently appointed as the Office Managing Partner and Global Gaming Industry Market Leader. In 2016, Mr. Roche relocated to the EY Hong Kong office to supervise the expansion of the EY Global Gaming Industry practice in the Asia Pacific region. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including:
• Wynn Resorts (Nasdaq: WYNN) initial public offering: Mr. Roche was the lead partner on Wynn Resort’s initial public offering, which raised $450 million in 2002.
• Harrah’s Entertainment/Apollo Management Group & Texas Pacific Group: Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment, the world’s largest casino company at the time, for $17.1 billion.
• Dubai World/MGM Resorts: Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM. Dubai World bought 28.4 million MGM shares, or 9.5 percent of the casino operator, for $2.4 billion. It then invested $2.7 billion to acquire a 50% stake in MGM’s CityCenter Project, a $7.4 billion 76-acre Las Vegas development of hotels, condos and retail outlets.
• MGM Growth Properties (NYSE: MGP) initial public offering: Mr. Roche provided tax and structural transaction services to MGM Resorts in the creation of MGM Growth Properties, a publicly traded REIT engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. MGM Growth Properties raised $1.05 billion in its 2016 initial public offering.
Mr. Roche also directed EY advisory services to boards and management teams for profit improvement and technology related initiatives. In addition, Mr. Roche provided advisory support to the American Gaming Association on several research projects, including those specifically related to sports betting, the revocation of The Professional and Amateur Sports Protection Act of 1992 (PASPA) and anti-money laundering best practices in the gaming industry. Equally, he has assisted government agencies in numerous international locations with enhancing their regulatory approach to governing the industry especially in the online gambling sector.
Prior to joining Ernst & Young, Mr. Roche served as Deloitte’s National Gaming Industry Leader and as the co-head of Andersen’s Gaming Industry Practice in Las Vegas. In 1989, Mr. Roche was appointed by then Governor of the State of Nevada, Robert Miller, to serve as one of three members of the Nevada State Gaming Control Board for a four-year term, where he was directly responsible for the Audit and New Games Lab Divisions. As a board member, he spent a substantial amount of time assisting global jurisdiction regulators enact gaming legislation in the design of their regulatory structure. During his career, Roche has been involved in numerous public and private offerings of equity and debt securities. His background includes providing casino regulatory consulting services to casino licensees and to federal and state agencies including the National Indian Gaming Commission and the Nevada State Gaming Control Board, and industry associations such as the Nevada Resort Association and the American Gaming Association.
We believe Mr. Roche’s highly regarded reputation as a gaming auditor and advisor in the gaming industry will be valuable for us and a potential business combination target. Mr. Roche is a member of the American Institute of Certified Public Accountants and is licensed by the Nevada State Board of Accountancy and Mississippi State Board of Public Accountancy. He received his Bachelor of Science degree in Accounting from the University of Southern California.