Gaming companies' shares surge on New Jersey license hopes

(Reuters) - The prospect of online gambling being legalized in New Jersey sent shares of gaming companies on both sides of the Atlantic surging on hopes it could unlock a market worth up to $1 billion.

New Jersey Governor Chris Christie vetoed an internet gaming bill on Thursday but called on the legislature to make amendments which, if incorporated, would be signed into law.

That would allow casinos in Atlantic City to offer online gaming to the nine million residents of New Jersey and also create opportunities for European companies with expertise in running online gaming operations.

It also fuelled hopes that other American states could follow suit and liberalize their gambling laws, though Christie proposed that the New Jersey law, if passed, should be reviewed after 10 years to gauge its impact on problem gambling.

U.S. casino operator Caesars Entertainment Corp's shares rose for the second straight day to trade up 27 percent at $12.75 on the Nasdaq while Boyd Gaming rose 8 percent to $7.64 on the New York Stock Exchange.

Caesars runs four casinos -- Bally's Atlantic City, Caesars Atlantic City, Harrah's Resort Atlantic City and Showboat Atlantic City -- while Boyd Gaming owns the Borgata Hotel and Casino resort in U.S.'s second biggest gaming destination.

"This would have the biggest impact on Boyd Gaming, who own the Borgata, and estimate it could be worth $3 to shares today. This bill would also be a positive for Bally Technologies Inc, International Game Technology, WMS Industries Inc and Shuffle Master Inc," Janney Capital Markets analyst Brian McGill wrote in a note.

Shares in the UK-based bwin.party, the world's largest listed online gaming group, soared more than 20 percent on the London Stock Exchange. Bwin.party has a joint venture with Boyd Gaming, which is licensed in New Jersey.

Rival 888 Holdings, which is partnered with Caesars Entertainment, saw its shares gain 16 percent.

"We view this as a watershed moment for state regulation of online gaming in the U.S.," Panmure Gordon analysts wrote.

CROWDED MARKET

Estimates for the size of the New Jersey market vary between $500 million and $1 billion.

Janney Capital's McGill said the online gaming market could ramp up to $1 billion in three years.

"Both (Caesars and Boyd) have the capabilities (in-house or through partnerships) to implement platforms quickly, but competition could be high with margins at more modest levels initially," Credit Suisse analyst Joel Simkins wrote in a note.

Hoping to build on its World Series of Poker agreement with Caesars Entertainment Corp, as well as a strategic agreement with leading gaming machine manufacturer WMS, 888 Holdings has high hopes for an uplift from New Jersey.

Other European companies with experience in the sector could also pounce on a change in the New Jersey law and seek partnerships with the group of about eight companies that operates land-based casinos in the state.

The European operators are looking to focus their activities on regulated markets where they can be certain of their returns.

William Hill, Britain's largest bookmaker with more than 2,300 high street betting shops, has already shown its appetite for overseas expansion, having obtained a license in Nevada, another state with more liberal gaming laws.

Analysts at Citi, however, were cautious on talk of New Jersey leading to wholesale liberalization in the United States.

"Up to eight other states are currently preparing legislation, but attitudes vary, with some states (such as Delaware) aiming to reserve the market for the state lottery and others (such as California) planning only on regulating poker," it said.

(Reporting by Keith Weir in London and Siddharth Cavale in Bangalore; Additional reporting by Neil Maidment; Editing by David Goodman and Sriraj Kalluvila)

Source: http://news.yahoo.com/european-gaming-companies-lifted-jersey-license-hopes-134358353--finance.html

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Edison rejects Sen. Boxer's claim about San Onofre generators

Southern California Edison, the operator of the troubled San Onofre nuclear power plant, pushed back against two federal lawmakers who said that the utility company was aware of defects in the plant's replacement steam generators before they were installed.

Sen. Barbara Boxer (D-Calif.) and Rep. Edward J. Markey (D-Mass.) sent a letter to the U.S. Nuclear Regulatory Commission this week saying that a leaked report from steam generator manufacturer Mitsubishi Heavy Industries showed that Edison and Mitsubishi knew of problems with the design.

Boxer and Markey, citing a report that has not been made public, said the utility giant and the manufacturer "rejected enhanced safety modifications and avoided triggering a more rigorous license amendment and safety review process."

Edison responded Thursday by denying the allegations and saying the lawmakers had taken "selective comments" from a lengthy report:

"It is simply not accurate to suggest, as the letter does, that when they were installed SCE and MHI were aware of serious problems with the design of San Onofre nuclear plant's steam generators," the company wrote in a statement.

"Indeed, MHI, the manufacturer of the steam generators, warranted the steam generators to be free from defects for 20 years after installation. SCE would never, and did not, install steam generators that it believed would not perform safely."

Neither the lawmakers nor Mitsubishi and Edison have elaborated on what changes the companies chose not to make.

The plant has been shut down for just over a year because of unusual wear on steam generator tubes that carry radioactive water. One tube leaked in January 2012, releasing a small amount of radioactive steam.

Edison and San Diego Gas & Electric ? which owns a 20% share in the plant ? spent a combined $771 million replacing the steam generators, which ratepayers are now repaying.

Representatives of both companies, as well as of several consultants involved in the investigation of San Onofre's problems, gave a briefing Thursday to the five-member governing board of the NRC.

The meeting, scheduled before Boxer and Markey's letter, was the first time since the plant's shutdown that the full commission has questioned Edison and Mitsubishi. But the discussion steered clear of the allegations in the letter and focused on the technical causes of the tube wear.

Steam generator tube degradation has long been an issue in the nuclear industry, although it has become less prevalent since the majority of plants switched to a more corrosion-resistant tube material. In 1976, there were 28 forced outages at U.S. nuclear plants because of tube leaks, according to the Electric Power Research Institute. Before the leak at San Onofre, there had been no such incidents in six years.

An NRC investigation concluded that Mitsubishi's computer code failed to predict thermal-hydraulic conditions ? high-velocity, dry steam flowing around the tubes ? that caused the tubes to vibrate excessively and rub against each other and against support structures.

The phenomenon, known as fluid elastic instability, has occurred at other plants, but the tubes at San Onofre showed a new pattern of vibration, leading to rapid wear in one of the plant's two reactor units.

Edison is proposing to restart the other unit ? which had less-severe damage because of differences in the support structures ? at partial power. The NRC has not made a decision on that plan.

Dan Hirsch, a lecturer at UC Santa Cruz, was the lone critic of the nuclear industry who made a presentation at the meeting. Hirsch and his students put together a report showing that both units at San Onofre had more worn tubes than all but one other similar plant in the U.S. with recently replaced steam generators.

"San Onofre in just one or two years has experienced more damage than most steam generators do in decades," Hirsch said.

Ken Karwoski, a senior advisor with the NRC's division of engineering, said the depth of the wear determines the safety significance, not the number of tubes with wear. Unit 2, which is proposed for restart, had nearly as many tubes with wear as the other unit ? about 1,600 and 1,800, respectively ? but the wear in Unit 2 was shallower.

The NRC has scheduled a public meeting to discuss the status of its San Onofre review Tuesday from 6 to 9 p.m. at Capo Beach Church in Capistrano Beach.

abby.sewell@latimes.com

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/-xamTEFWr1A/la-me-0208-san-onofre-20130208,0,463264.story

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Obama, Democrats Mend Differences As They Claim President Is 'Reinvigorated,' A 'New Man'

Situation Room

May 1, 2011: President Barack Obama and Vice President Joe Biden, along with members of the national security team, receive an update on the mission against Osama bin Laden in the Situation Room of the White House, May 1, 2011. Seated, from left, are: Brigadier General Marshall B. "Brad" Webb, Assistant Commanding General, Joint Special Operations Command; Deputy National Security Advisor Denis McDonough; Secretary of State Hillary Rodham Clinton; and Secretary of Defense Robert Gates. Standing, from left, are: Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff; National Security Advisor Tom Donilon; Chief of Staff Bill Daley; Tony Blinken, National Security Advisor to the Vice President; Audrey Tomason Director for Counterterrorism; John Brennan, Assistant to the President for Homeland Security and Counterterrorism; and Director of National Intelligence James Clapper. Please note: a classified document seen in this photograph has been obscured. (Official White House Photo by Pete Souza)

Head Pat

May 8, 2009: President Barack Obama bends over so the son of a White House staff member can pat his head during a family visit to the Oval Office May 8, 2009. The youngster wanted to see if the President's haircut felt like his own. (Official White House Photo by Pete Souza)

Fist-Bump

Dec. 3, 2009: President Barack Obama fist-bumps custodian Lawrence Lipscomb in the Eisenhower Executive Office Building following the opening session of the White House Forum on Jobs and Economic Growth, Dec. 3, 2009. (Official White House Photo by Pete Souza)

Mohawk Baby

July 4, 2012: President Barack Obama holds a baby while greeting guests during an Independence Day celebration on the South Lawn of the White House, July 4, 2012. (Official White House Photo by Pete Souza)

The President

July 26, 2012: President Barack Obama holds a Cabinet meeting in the Cabinet Room of the White House, July 26, 2012. (Official White House Photo by Pete Souza)

Oval Office Chase

July 9, 2012: President Barack Obama runs around his desk in the Oval Office with Sarah Froman, daughter of Nancy Goodman and Mike Froman, Deputy National Security Advisor for International Economics, July 9, 2012. (Official White House Photo by Pete Souza)

First Couple

June 13, 2012: President Barack Obama and First Lady Michelle Obama wave goodbye to President Shimon Peres of Israel on the North Portico of the White House following the Presidential Medal of Freedom ceremony and dinner in his honor, June 13, 2012. (Official White House Photo by Pete Souza)

Holocaust Museum

April 23, 2012: President Barack Obama tours the United States Holocaust Memorial Museum in Washington, D.C., with Elie Wiesel, Nobel Peace Prize laureate and Holocaust survivor, and Sara Bloomfield, museum director, April 23, 2012. (Official White House Photo by Pete Souza)

Golden Girl

June 11, 2012: President Barack Obama talks with Betty White in the Oval Office, June 11, 2012. (Official White House Photo by Pete Souza)

Venus In Transit

April 24, 2012: President Barack Obama stops to view the moon and Venus before boarding Marine One in Boulder, Colo., April 24, 2012. (Official White House Photo by Pete Souza)

'Sweet Home Chicago'

Feb. 21, 2012: President Obama joins in singing "Sweet Home Chicago" during the "In Performance at the White House: Red, White and Blues" concert in the East Room of the White House, Feb. 21, 2012. Participants include, from left: Troy "Trombone Shorty" Andrews, Jeff Beck, Derek Trucks, B.B. King, and Gary Clark, Jr. (Official White House Photo by Pete Souza)

The Redeemer

March 20, 2011: "The Obama family was scheduled to tour the Christ the Redeemer statue in Rio before dinner one night. But when heavy fog rolled in, they canceled the visit. After dinner, the fog had dissipated somewhat so they decided to make the drive up the mountain. It was quite clear when they arrived and then the fog started to roll back in. I managed to capture this silhouette as they viewed the statute one last time just before departure." (Official White House Photo by Pete Souza)

Water Fight

June 11, 2011: "The top photograph shows the President having a water gun fight with his daughter Sasha on her birthday weekend at Camp David. Unbeknownst to me, David Lienemann captured a similar photo of the Vice President on the very same day." (Official White House Photos by Pete Souza and David Lienemann)

Christmas Card

Dec. 11, 2011: President Barack Obama, First Lady Michelle Obama, and their daughters, Malia, left, and Sasha, right, sit for a family portrait in the Oval Office, Dec. 11, 2011. (Official White House Photo by Pete Souza)

MLK Memorial

Oct. 14, 2011: President Barack Obama tours the Martin Luther King, Jr. National Memorial in Washington, D.C., Oct. 14, 2011. (Official White House Photo by Pete Souza)

Balloon Man

Oct. 11, 2011: "This photograph by Chuck Kennedy has to catch your eye. It shows Guinness Book of World Records holder John Cassidy performing a balloon act for First Lady Michelle Obama in the Diplomatic Reception Room following a Let's Move event." (Official White House Photo by Chuck Kennedy)

Mandela

June 21, 2011: First Lady Michelle Obama meets with former President Nelson Mandela of South Africa at Mandela's home in Houghton, South Africa, June 21, 2011. (Official White House Photo by Samantha Appleton)

Joplin, Mo.

May 29, 2011: President Barack Obama greets Hugh Hills, 85, in front of his home in Joplin, Mo., May 29, 2011. Hills hid in a closet during the tornado, which destroyed the second floor and half the first floor of his house. (Official White House Photo by Pete Souza)

Daycare

June 9, 2011: President Barack Obama greets children at a day care facility adjacent to daughter Sasha's school in Bethesda, Md., following her 4th grade closing ceremony, June 9, 2011. (Official White House Photo by Pete Souza)

Tucson Shooting

Jan. 10, 2011: President Barack Obama and First Lady Michelle Obama walk towards the White House after observing a moment of silence for the victims of the Arizona shooting, on the South Lawn, Jan. 10, 2011. White House staff joined the President and First Lady for the moment of silence.(Official White House Photo by Chuck Kennedy)

What's Up?

March 7, 2011: President Barack Obama, Prime Minister Julia Gillard of Australia, and members of the Australian and American delegations look up at the presidential seal in the Oval Office ceiling following their bilateral meeting, March 7, 2011. (Official White House Photo by Pete Souza)

Inclement Weather

May 31, 2010: "The skies opened up on Memorial Day outside of Chicago. When the lightning began, the Secret Service told the President that it was too dangerous to proceed. He took the stage by himself and informed the audience that his speech was canceled and that for everyone's safety, they should return to their busses. Later, he boarded a few of the busses to thank them for attending and apologized for not being able to speak." (Official White House Photo by Pete Souza)

Power Walk

July 20, 2010: President Barack Obama and British Prime Minister David Cameron walk across the South Lawn of the White House, July 20, 2010. (Official White House Photo by Pete Souza)

Oil Spill

May 28, 2010: President Barack Obama and Lafourche Parish President Charlotte Randolf, left, inspect a tar ball as they look at the effect the BP oil spill is having on Fourchon Beach in Port Fourchon, La., May 28, 2010. (Official White House Photo by Chuck Kennedy)

Finally

March 21, 2010: President Barack Obama, Vice President Joe Biden, and senior staff, react in the Roosevelt Room of the White House, as the House passes the health care reform bill, March 21, 2010. (Official White House Photo by Pete Souza)

First Pitch

March 31, 2010: President Barack Obama practices his pitching form with personal aide Reggie Love and Jake Levine in the Rose Garden of the White House, March 31, 2010. The President threw out the ceremonial first pitch on opening day of the baseball season prior to the game between the Washington Nationals and the Philadelphia Phillies.

3D

Feb. 1, 2009: "During a Super Bowl watching party in the White House theatre, the President and First Lady join their guests in watching one of the TV commercials in 3D." (Official White House photo by Pete Souza)

Bo

March 15, 2009: "The Obama family was introduced to a prospective family dog at a secret greet on a Sunday. After spending about an hour with him, the family decided he was the one. Here, the dog ran alongside the President in an East Wing hallway. The dog returned to his trainer while the Obama's embarked on their first international trip. I had to keep these photos secret until a few weeks later, when the dog was brought 'home' to the White House and introduced to the world as Bo." (Official White House photo by Pete Souza)

Moment Of Reflection

Jan. 20, 2009: "President-elect Barack Obama was about to walk out to take the oath of office. Backstage at the U.S. Capitol, he took one last look at his appearance in the mirror." (Official White House photo by Pete Souza)

Snowball Fight

Dec. 19, 2009: "Snowball in hand, the President chases Chief of Staff Rahm Emanuel on the White House colonnade. To escape, Rahm ran through the Rose Garden, which unfortunately for him, was knee-deep in snow." (Official White House photo by Pete Souza)

Nobel

Dec. 10, 2009: President Barack Obama looks at the Nobel Peace Prize medal for the first time at the Norwegian Nobel Institute in Oslo, Norway, Dec. 10, 2009. (Official White House Photo by Pete Souza)

Presidential Trio

Jan. 16, 2010: "President Obama had called on the two former Presidents to help with the situation in Haiti. During their public remarks in the Rose Garden, President Clinton had said about President Bush, 'I've already figured out how I can get him to do some things that he didn't sign on for.' Later, back in the Oval, President Bush is jokingly asking President Clinton what were those things he had in mind." (Official White House photo by Pete Souza)

Wounded Warriors

Oct. 8, 2009: President Barack Obama watches as members of the National Naval Medical Center's Marine Wounded Warrior basketball team play on the White House basketball court, Oct. 8, 2009. (Official White House Photo by Pete Souza)

Shoot The J

Oct. 8, 2009: President Barack Obama takes a shot during a game with Cabinet secretaries and members of Congress on the White House basketball court, Oct. 8, 2009. (Official White House Photo by Pete Souza)

Grand Canyon

Aug. 16, 2009: President Barack Obama looks at the Grand Canyon in Arizona on Aug. 16, 2009. (Official White House photo by Pete Souza)

Ted Kennedy

April 21, 2009: President Barack Obama and Sen. Ted Kennedy walk down the South Lawn sidewalk at the White House April 21, 2009. (Official White House Photo by Pete Souza)

The Pope

July 10, 2009: President Barack Obama and First Lady Michelle Obama meet with Pope Benedict XVI at the Vatican on July 10, 2009. (Official White House photo by Pete Souza)

Punch

July 13, 2009: President Barack Obama feigns a punch while talking about health care reform with Nancy-Ann DeParle, Peter Orszag, Phil Schiliro and Larry Summers in the Outer Oval Office, July 13, 2009. (Official White House Photo by Pete Souza)

Teasing

June 26, 2009: President Barack Obama jokingly reacts to news that staffer Nora Becker will be leaving to pursue a joint MD and PhD in healthcare economics, during the White House staff picnic on the South Lawn, June 26, 2009. (Official White House Photo by Pete Souza)

Nancy Reagan

June 2, 2009: President Barack Obama and former First Lady Nancy Reagan walk side-by-side through Center Hall in the White House, June 2, 2009. To the left of Mrs. Reagan hangs her official White House portrait as First Lady. (Official White House Photo by Pete Souza)

Cairo Visit

June 4, 2009: Secretary of State Hillary Clinton recounts a story to President Barack Obama, Senior Advisors David Axelrod and Valerie Jarrett, outside the Sultan Hassan Mosque in Cairo, Egypt, June 4, 2009. (Official White House Photo by Pete Souza)

The Sphinx

June 4, 2009: President Barack Obama tours the Egypt's Great Sphinx of Giza (left) and the Pyramid of Khafre, June 4, 2009. (Official White House photo by Pete Souza)

Behind The Camera

Feb. 18, 2009: President Barack Obama takes aim with a photographer's camera backstage prior to remarks about providing mortgage payment relief for responsible homeowners at Dobson High School, Mesa, Ariz., Feb. 18, 2009. (Official White House Photo by Pete Souza)

First Day

Jan. 21, 2009: President Barack Obama walks into the Oval Office for his first full day in office, Jan. 21, 2009. His Personal Aide Reggie Love stands nearby. (Official White House photo by Pete Souza)

Source: http://www.huffingtonpost.com/2013/02/07/obama-democrats_n_2640182.html

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Pets | CJOnline.com

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Islamic Minister calls on state to withdraw all cases ... - Minivan News

Minister of Islamic Affairs Sheikh Mohamed Shaheem Ali has called on the state to withdraw all court cases filed against Islamic scholars during past administrations.

?The cases filed against scholars during past administrations often involve charges for preaching religious advice without permits,? Shaheem told local media SunOnline.

?There are some charges previously filed against certain scholars, for example Sheikh [Ibrahim] Fareed. The charges against him are for preaching without a permit. I have spoken with Sheikh Fareed about this matter. In my capacity as Islamic minister, I call on the relevant authorities of the government to withdraw cases like this. These are very hurtful charges. Such charges should not be allowed to be levied against university educated, capable scholars, especially not under the current constitution,? Shaheem said.

Shaheem said that in a time where freedom to preach religion is exercised so freely, it is the duty of scholars to ?invite people to religion to the extent of their capabilities? and that they should be granted that freedom as long as they do not make any statement which goes against Islam.

?Now, if they start giving out ?fatwa?s, giving out?judgements?on what is ?haram? or ?halal? and speaking against the principles of Sharia, then action against them can be taken under the Religious Unity Act. I, however, cannot agree that there must be charges against someone for simple religious preaching, like asking people to go pray or pay alms,? Shaheem stated.

Speaking about scholars who held different views on religious matters, Shaheem said that such differences should be sorted through peaceful dialogue, and not through jail sentences and torture.

The Ministry of Islamic Affairs has previously held meetings to resolve dissenting opinions on religious matters, under the name of ?Scholar?s Dialogue?.

Shaheem was travelling and unable to speak at the time of press.

Source: http://minivannews.com/politics/islamic-minister-calls-on-state-to-withdraw-all-cases-against-religious-scholars-52461

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Smoking marijuana associated with higher stroke risk in young adults

Feb. 6, 2013 ? Marijuana, the most widely used illicit drug, may double stroke risk in young adults, according to research presented at the American Stroke Association's International Stroke Conference 2013.

In a New Zealand study, ischemic stroke and transient ischemic attack (TIA) patients were 2.3 times more likely to have cannabis, also known as marijuana, detected in urine tests as other age and sex matched patients, researchers said.

"This is the first case-controlled study to show a possible link to the increased risk of stroke from cannabis," said P. Alan Barber, Ph.D., M.D., study lead investigator and professor of clinical neurology at the University of Auckland in New Zealand. "Cannabis has been thought by the public to be a relatively safe, although illegal substance. This study shows this might not be the case; it may lead to stroke."

The study included 160 ischemic stroke/TIA patients 18-55 years old who had urine screens upon admission to the hospital. Among the patients, 150 had ischemic stroke and 10 had TIAs. Sixteen percent of patients had positive drug screens, mostly male who also smoked tobacco.

Only 8.1 percent of controls tested positive for cannabis in urine samples. Researchers found no differences in age, stroke mechanism or most vascular risk factors between marijuana users and non-users.

In previous case reports, ischemic stroke and TIAs developed hours after cannabis use, Barber said. "These patients usually had no other vascular risk factors apart from tobacco, alcohol and other drug usage."

It's challenging to perform prospective studies involving illegal substances such as cannabis because "questioning stroke and control patients about cannabis use is likely to obtain unreliable responses," Barber said.

In the study, the regional ethics committee allowed researchers to use urine samples from other hospitalized patients. But researchers knew only the age, sex and ethnicity for matching due to a lack of consent.

The study provides the strongest evidence to date of an association between cannabis and stroke, Barber said. But the association is confounded because all but one of the stroke patients who were cannabis users also used tobacco regularly.

"We believe it is the cannabis and not tobacco," said Barber, who hopes to conduct another study to determine whether there's an association between cannabis and stroke independent of tobacco use. "This may prove difficult given the risks of bias and ethical strictures of studying the use of an illegal substance," he said. "However, the high prevalence of cannabis use in this cohort of younger stroke patients makes this research imperative."

Physicians should test young people who come in with stroke for cannabis use, Barber said.

"People need to think twice about using cannabis," because it can affect brain development and result in emphysema, heart attack and now stroke, he said.

Co-authors are: Heidi Pridmore, M.D.; Venkatesh Krishnamurthy, M.D.; Sally Roberts, M.D.; David A. Spriggs, M.D.; Kristie Carter, Ph.D.; and Neil E. Anderson, M.D.?

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/RSFhUt5nM0c/130206131042.htm

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