Sterling Plunge Leaves FTSE 100 Giants Exposed To US Predators

'It is a place like no other with its own peculiar take on the English language and sport. In reality, it is common that persons not familiar with Australiana struggle to understand our colloquialisms, mannerisms and the like. 

He added: 'Private equity may struggle to raise finance. This is why we believe we will also see a potential wave of corporate mergers and acquisitions. UK valuations were very attractive even before the dramatic fall in sterling.' 

Americans have bet more than $125 billion on sports with legal gambling outlets in the four years since the U.S. Supreme Court´s 2018 decision that lifted a federal ban on sports gambling, clearing the way for all 50 states to offer it.

BISMARCK, N.D.
(AP) - North Dakota´s five American Indian tribes want exclusive rights to host internet gambling and sports betting throughout the state utilizing servers located on their reservations. The tribes are turning to Republican Gov. Doug Burgum to approve the idea, under tribal-state agreements known as a compacts.

BRUSSELS, Sept 30 (Reuters) - EU antitrust regulators will decide by Nov.
8 whether to clear Microsoft Corp's proposed $69 billion acquisition of "Call of Duty" maker Activision Blizzard, according to a European Commission filing on Friday.

PointsBet responded to the complaints during the inquiry saying the company 'unquestionably believes that the advertisement is wholly compliant with all applicable codes and legislative or regulatory regimes'.

'The Panel considered that this phrase being shouted at a television while watching a sporting match was consistent with its colloquial usage, and was not inappropriate in the circumstances, nor was it strong or obscene language.'

WASHINGTON (AP) - America´s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in August to the weakest monthly gain since April 2021.

"The European Commission's review of the deal is progressing in line with the expected regulatory schedule and process, and we remain confident that the acquisition will close in fiscal year 2023," a Microsoft spokesperson said.

The tribes argue their casinos have been hurt by the explosion of electronic pull tab machines statewide after they were legalized in 2017, with North Dakotans pouring almost $1.75 billion into the machines in fiscal 2022.

The proposal comes as Burgum has worked to improve state-tribal relations that have been especially strained since he took office in 2016 in the midst of prolonged protests and hundreds of arrests during the construction of the Dakota Access Pipeline that passes beneath the Missouri River near the Standing Rock Sioux Reservation. The tribe draws its water from the Missouri and fears pollution.

In the fifth year of legal sports betting, the action is speeding up due to microbetting, the ability to place a bet on an outcome as narrowly targeted as the result of the next pitch in baseball or the next play in football.

A reddit post by Binance discussing the incident said that the company temporarily suspended its BNB smart chain after detecting an exploit between two blockchains. "The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly," CEO Changpeng Zhao said in a tweet.
The post estimated that $100 million to $110 million in funds were taken, but that approximately $7 million was able to be frozen.

Burgum in 2017 signed legislation that approved the electronic pull tab machines, despite opposition from tribes that warned the Las Vegas-style Pkv games would lure gamblers away from the state´s tribal-owned casinos.

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Vodafone could be attractive to a US buyer, the source added. 'Darktrace has been battered since it went public, so it would make sense, and Vodafone could happen at some point. Though Vodafone is very big and very political - it would be a US buyer coming in, if anybody did.' 

The company said at the time that sports wagering already is taking place in North Dakota, with an estimated 138,000 people betting more than $355 million in illegal offshore markets annually each year.

Blue chip firms including gambling group Entain, Poker Pkv packaging company DS Smith and telecoms behemoths BT and Vodafone are all now vulnerable to foreign corporate raiders, according to experts at broker Canaccord Genuity. 

Graham Simpson from Canaccord said that as the UK stares down 'the barrel of a recession', bidders will be looking for firms with strong cash flows, high profit margins and low debt that could 'weather the inflation and interest rates storm'.