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Arjun Tendulkar and his maiden IPL – an analytical look into his records and play style
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The 2021 Indian Premier League is a much-awaited one for many reasons. One of those reasons is that this year’s IPL marks the debut of Arjun Tendulkar. This young cricketer is also the son of the legendary Sachin Tendulkar. And this year, Mumbai Indians bought Arjun Tendulkar for his base price of 20 lakh rupees. This comes as no surprise as he has been a net bowler for them for the last few seasons. His father is also a former player of this team and a mentor for it currently. This year, the 21-year-old Arjun Tendulkar went up in the IPL auction for the first time. And ye was bought by Mumbai Indians for the season. So let’s take a look at his play style and records to determine what he has to offer this season. Arjun Tendulkar is 21 years old. And this is his first IPL. He is a left-handed batsman as well as a left-arm pacer. His record stands as a testimony of his capabilities. He was a part of the Under 19 Indian Cricket team. Arjun also net bowled for the Indian Cricket team quite a few times. He recently made his senior debut in Syed Mushtaq Ali Trophy for the senior Mumbai T20 team. He also made 77 runs off of 26 balls. This helped the MIG Cricket Club win in the Police Shield Invitation Tournament. Arjun doesn’t only have a good record in batting but in bowling as well. In his senior debut, he picked up 2 wickets in 42 balls. With the best bowling score of 1 for 33. His bowling average is 33.50 which is pretty good for his debut. With this clean-cut track record, people are looking forward to seeing him play in one of the most awaited tournaments of the year. The IPL is like nothing he has ever experienced before and it will be interesting to see how he fares in his debut match. Arjun Tendulkar has big shoes to fill. And not only because his father is a legend in the world of cricket. Indeed, the fact that his father played in this team and made it what it is today will create a lot of pressure on him. But Arjun has other things to worry about. For starters, nobody knows if he will even be able to play this season. The reason being the fully stacked batting and pace lineup of the Mumbai Indians. There are far more experienced players on the team who helped them win the prestigious trophy 5 times. Which is the highest amount of times any team has won the IPL trophy. The senior members will obviously be the first choice while making the lineup and Arjun Tendulkar will probably not be in the playing eleven. But there is something that makes him a valuable player to have on the team. He is an all-rounder whose batting and bowling prowess is on par with each other. Every team is on the lookout for good all-rounders as they are hard to find in this era. This quality of him might be able to put him up there with experienced players. But with experienced batsmen like Rohit Sharma and Quinton de Kock, fast bowlers like Trent Boult and Jasprit Bumrah, and all-rounders like Hardik Pandya and Kieron Pollard are starring in this IPL. With this star-studded lineup, it will definitely be hard for him to make it to the playing lineup. But people are still hoping to see him play. Everyone is looking forward to Arjun Tendulkar’s Maiden IPL. Though it was no surprise that he is going to play for the team his father helped to make. He is going to be under scrutiny and he has big shoes to fill. This year’s Indian Premier League is a much-awaited tournament. Many players were sold and bought at the auction that took place in Chennai. A lot of new talents have emerged that have a lot of expectations riding on them. After India’s win against Australia in the historical Gabba match, people’s expectations have skyrocketed. We are all looking forward to seeing if Arjun will help the Mumbai Indians bag the trophy again this year. Bet on your chosen sports here at JeetWin’s platform. Register now! The post Arjun Tendulkar and his maiden IPL – an analytical look into his records and play style appeared first on JeetWin Blog.
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Tuesday Majors: Aditya Singh Denies Vivek Singh The Mint Title; Ritwik Khanna Wins Voyager
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Tuesday was a lot more exciting compared to a little slow-paced Monday on India’s largest poker site, Adda52.com. Headlining the action on the site was 15 Lac GTD The Mint. Running as part of “Fast & Furious February”, the INR 3850 entry buy-in tourney pulled in 397 entries by the time late registration closed. After almost eight hours of intense play, online reg Aditya “konstantin” Singh came out on top of the field to win it for a career-best INR 3.72 Lac. Vivek “vivek94540” Singh finished runner-up for INR 2.25 Lac, while Pranav “pornoveloo” Anand cashed in third for 1.57 Lac. Total Entries – 397  Prizepool – 15 Lac Places Paid – 43 Min Cash – 8250 Masroor “jason911” Ansari (4th for INR 1,20,000), Yohan “allinmaestro” Patel (6th for INR 52,500) and Danish “king0fmerge” Shaikh (8th place for INR 33,750) were the other notable final table finishers. 2.75 Lac GTD Voyager The other major tourney running as part of “Fast & Furious February”, the 2.75 Lac GTD Voyager fared better pulling in 280 entries and collecting a guarantee-crushing prize pool of INR 2.80 Lac. After almost six hours of play, the tourney found a winner in online reg Ritwik “ritwik27” Khanna who earned INR 71,680. Shekhar “brat_poker” Singh banked the runner-up payout worth INR 42,700. Total Entries – 280 Prizepool – 2.80 Lac Places Paid – 30 Min Cash – 2240 Karan “karan880” Lochab (4th for INR 23,800), Devrat “Vickypune” Singh (6th for INR 11,200),  and Kamal “ksn123” Naruka (7th for INR  8,400) were the other notables to finish on the final table.
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The luck of the Irish has Ireland at the top of global gambling spend
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It may not have originated in Ireland, but the phrase “the luck of the Irish” rings loudly in the country. According to The Irish Post, more money is spent, per capita, on gambling in Ireland than in almost all other countries around the world. Only in two countries – Australia and Singapore – is more spent hitting the slots and the tables than in Ireland.The media outlet doesn’t source its data, but indicates that the Irish love online gambling more than any other form. Online gambling spend is 60%, greatly superior to other forms gambling and sports gambling, which only accounts for 15% of the money. The lottery receives a 10% cut, the same amount given to gambling machines and slots. Casinos, of which Ireland has around 20, pick up 5% of the action.While Australia and Singapore may see more gambling spend per capita, Ireland is the hands-down winner in online gaming spend, with The Irish Post asserting, “Ireland takes the lead globally when it comes to online gambling.” It adds, “With almost 3 billion American dollars spent on gambling and betting every year, that means that each man, woman, and child in Ireland are spending roughly 500 [euros] ($607) annually on this type of entertainment.”The media outlet further indicates that online gambling is most popular in Ireland because the segment is more regulated. It cites “outdated laws” that some casinos are exploiting to attract attention, but the transparency and accountability afforded gamblers by online operators give them an edge. The Irish Post explains that, according to reports, many Irish would prefer to gamble in a British casino than in a domestic one, possibly as a result of the outdated laws.Even before the COVID-19 pandemic, the Irish loved to gamble online and the segment increased about 15% each year. Last year, with the coronavirus in full swing, the numbers jumped substantially and, with the introduction of live online casino games and live sports gambling, the online segment has skyrocketed in popularity. Online gambling is inarguably the future, looking down the road 20 to 30 years, but it’s never too early for casino operators to start preparing.Surprisingly, the U.S. ranks fifth in terms of per-capita gambling spend, even less than Finland. However, with a population of over 330 million, it’s the largest market available. $120 billion was spent on gambling in the country in 2019, while the Irish spent $2.7 billion through its population of less than five million.
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Win a Share of $1.5 Million in PokerStars’ Tetris® Spin & Go Games
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February 16, 2021 Matthew Pitt Tetris® combines with Spin & Go tournaments at PokerStars in a fun promotion that sees $1.5 million paid out between February 15 and March 28. Head to the Spin & Go lobby in the PokerStars client and you’ll see there are Tetris® Spin & Go games with buy-ins of $0.25, $1, $2, $5, $10, $25, $50, $100, $250, and $500. They all play out the exact same way as a traditional Spin & Go, meaning they’re three-handed hyper-turbo tournaments where the prize pool is randomly determined before the first hand is dealt. It’s still possible to win up to $1 million in some of these game, but there are a few notable differences. First, the virtual felt is made up of Tetris® blocks, which actually looks pretty cool. Also, the dealer button is now a Tetris® block too, and other blocks fall down the screen. The Tetris® part of the promotion comes in the form of leaderboards. There’s a separate leaderboard for each Tetris® Spin & Go buy-in level, so 10 in total. You need to opt-in and then fire up some Tetris® Spin & Go tournaments. Play your tournaments as you would ordinarily, but do so knowing the aim of the game is to clear lines, just like in Tetris®. The number of lines you clear depends on your Spin & Go multiplier and your finishing position in the tournament. Your level increases each time you clear five lines. This results in you earning even more points so you can climb up your leaderboard faster. The 2021 Guide to PokerStars Spin and Go Poker How Many Lines Do I Clear?  1st2nd3rd 2x432 3x321 Over 3x211 As you can see from the table above, finishing in 1st place in a Tetris® Spin & Go that has a 2x multiplier clears four lines. Just playing a tournament earns you points. How Do You Earn Points? The number of leaderboard points you earn is based on your finishing position and your current level. You start off earning 40 points for clearing one line when you’re at Level 0, but this increases to 840 points if you manage to climb to Level 20, which is the highest level you can achieve. It is possible to earn up to 25,200 points per Tetris® Spin & Go tournament, as you can see in this table. LevelPoints for 1 LinePoints for 2 LinesPoints for 3 LinesPoints four 4 Lines 0401003001,200 1802006002,400 21203009003,600 31604001,2004,800 n=40*(n+1)=100*(n+1)=300*(n+1)=1,200*(n+1) 208402,1006,30025,200 Tetris® Spin & Go Payout Table The leaderboards payout $33,000 every day throughout the promotion making for a combined total of $1,500,000 just for playing Tetris® Spin & Go tournaments. The $0.25, $1, $2, and $5 leaderboard payout the top 100 points earners, so you have a decent chance of walking away with a cash prize. The prizes don’t have any restrictions on them meaning you’re free to do with them as you wish.  $0.25$1$2$5$10$25$50$100$250$500 1$50$150$250$400$500$500$750$1,000$1,500$3,000 2$40$100$200$300$400$400$600$800$1,000  3$30$75$150$250$350$350$500$600$750  4$20$50$100$200$300$300$400$500$500  5$15$25$50$150$250$250$300$400$500  6-10$10$20$40$100$150$150$150$200   11-20$5$10$20$50$100$100$100$100   21-50$5$5$10$25$50$50     51-100$5$5$5$10       Spin & Go Your Way to a PokerStars Sunday Million Seat The Tetris® Playing Field – Avoid Hitting Game Over There’s an extra element to this promotion that you have to be aware of at all times. PokerStars calls it the Playing Field. Just like in a game of Tetris® where it is Game Over when the blocks reach the top of the screen, it can be game over for you if you go on a streak of out of the money finishes! Finishing in first place either improves your Playing Field status or makes zero change to it. Finish in second place, however, and your Playing Field status either stays the same or actually worsens, which is also the case when you finish in third place. Your table, or playing field, is green in color when your Playing Field is in a good state. It turns amber when it is worsening and turns red when you’re in big trouble. Failing to win when your playing field is red could see you reach Game Over which means you cannot earn any more leaderboard points until the next day! The changes to your playing field status depend on your current level.  1st place 2nd place 3rd place   LevelImproveNo ChangeNo ChanceWorsenNo ChangeWorsen  0-1100%0%100%0%100%0%  2-580%20%80%20%50%50%  6-960%40%60%40%40%60%  10-1340%60%40%60%30%70%  14-1720%80%20%80%200%80%  18-2020%80%20%80%10%90%  Get Involved in the Tetris® Spin & Go Promotion With $33,000 waiting to be won every day until March 28 there’s no time to waste if you want to win some free cash. Download PokerStars via PokerNews, enter the bonus code “STARS600” when making your first deposit and PokerStars will match your deposit 100% up to $600. In fact, your first three deposits in a 90-day window are matched 100% up to a combined maximum of $600. All you need to do then is opt-in and fire up some Tetris® Spin & Go tournaments and see if you can pad your bankroll with some of the $1.5 million that’s guaranteed to be won. That and try not to spend the rest of the day humming the famous Tetris® tune! The Stars Group is a majority shareholder in Oddschecker Global Media, the parent company of PokerNews.
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Colonial Downs Proposes Casino Resort in Dumfries
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Rosie’s Gaming Emporium opened doors on January 8. It is a 19,000-square-foot gaming center with 95 video slots, located in the Triangle Shopping Center in Dumfries. Colonial Downs, the property’s owner, now proposes another building, which is a massive $389 million casino resort on the grounds of Potomac Landfill, a debris junkyard on the edge of town. The future facility would be called “The Rose” and would be the first in Virginia with this size, providing such gaming options. According to the plan for “The Rose”, the facility will consist of 50,000 square feet of gaming space, a 250-seat sports bar, as well as other bars and restaurants, 200 hotel rooms, a theater with 1,500 seats and 7,000 square feet of meeting space. Colonial Downs, which owns Rosie’s and operates a racetrack in New Kent County near Richmond, as well as four other Rosie’s emporiums across the state, will pitch its idea today during a 7 a.m. Dumfries Town Council meeting. The new facility is hoped to bring a lot of profit to the town. It is expected to create 640 jobs that pay $15 an hour wage. 96 managers will be hired to work at The Rose and they will make an average of $70,000 a year. According to Colonial Downs, the new casino would generate $11.3 million a year in new tax revenue for Prince William County and nearly $80,000 a year for Dumfries. If the pitch is accepted, construction of the new casino will start in August this year, which means that Potomac Landfill will be closed 11 years earlier than planned. The casino will take 22 acres of the property with 79 acres remaining that will be converted into a park with sports fields, trails and open space. The town documents stated that the park would open in December 2022 and the casino would open only a month later. This is if everything goes according to plan. The Potomac Landfill The town agreed with the landfill in 2016 to close the facility. The closing date was set for 2032. At that time, the town planned on turning the site into a public park. The problem for the landfill started in 2011 when the neighbors and drivers on the Interstate 95 complained of sulfur smell. It was permeated the surrounding area so the facility needed to shut down. Rosie’s Gaming Emporium is the first gaming facility to open its doors in Northern Virginia. Since its opening, more than 21,000 people have visited the gaming parlor in the shopping center. The property has donated more than $75,000 to charity since it started operating and has created 100 jobs for the locals. Its establishment was made possible by the legalization of gambling in Dumfries in November 2019. A citywide referendum passed with more than 60% of the vote, following an extensive advertising campaign by Colonial Downs. Source: “Resort casino proposed to open in Dumfries in January 2023”, Potomac Local, January 15, 2021
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BGC ices gambling talk on football social media sites
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The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators. Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers. As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways. BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators. In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.” The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them. The post BGC ices gambling talk on football social media sites appeared first on .
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Thousands of jobs available at tribal casinos
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With millions of Americans out of work, the first sign of a recovery has to be in new jobs coming on the market. The tribal gaming industry is doing its part, with several operators posting new jobs in the past few weeks.Seneca Gaming Corporation has lots of jobs available at the Seneca Niagara Resort & Casino in Niagara Falls and Seneca Buffalo Creek Casino in downtown Buffalo. The operator will be hosting a job fair for open positions on February 25 between 10:00am and 6:00pm.“Even with the changes and challenges everyone has gone through over the past year, Seneca Gaming Corporation has remained one of the largest employers in Western New York, and we are excited to be growing our team across a variety of departments,” said Meghan Smith, Seneca Gaming Corporation’s vice president of human resources. “We truly believe that the time we spend at work should be rewarding, fulfilling and fun. That’s how we approach our jobs every day. If people are looking an opportunity in that type of environment, we are ready to talk to them.”Attendees can check out what’s on offer in person or virtually, but should be ready for an interview at a moment’s notice.On the other side of the country, the San Manuel Band of Mission Indians are also on the look out for fresh talent. That operator has more than 500 jobs to fill, with as many as 2000 coming for the rest of the year. They’ll be having their virtual career fair on February 18 from 9:00am to 4:00pm.“The expansion of San Manuel will offer an economic boost to the local job market at a time when it is really needed,” said Brigitte Saria, Chief People and Infrastructure Officer. “Our efforts to boost the local economy are guided by our commitment to ensuring our employment process and work environment follow leading health and safety standards.”The Chukchansi Gold Resort and Casino in Coarsegold, California are also hiring. The tribe is looking for 50 full-time and part-time positions, and will have a job fair on February 23 from 10:00am to 1:00pm.Add those jobs to the 150 that Oneida Nation Enterprises were offering as of last week, and there’s a lot to be hopeful for about the future of the economy, and particularly that of tribal gaming.Connecticut tribes close to new dealGovernor Ned Lamont wants sports betting in his state, and he needs a new deal with the tribes to get it done. He used his budget address to emphasize the push:“My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age. And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest [of] the entire state.”Construction resumes at Four WindsThe Pokagon Band of Potawatomi Indians’ contractor recently resumed building a hotel at Four Winds South Bend Casino. Construction slowed down significantly due to Covid-19.The new 23-story hotel was originally due to be completed this year. But with construction crews only working on the foundation now after a 10-month delay, maybe 2022 seems more accurate.
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Pros Of Being A Professional Poker Player
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pros of becoming a professional poker player Being a professional poker player is a daring as well as exciting decision. If you’re successful at the game and want to quit your day job to become a poker pro, it’s an enticing opportunity. However, be warned: Poker rules are difficult to work, that isn’t for everyone. If you consider taking a risk to become a professional poker player, you should please ensure that it is an educated choice.  Here are some pros of becoming a professional poker player that might encourage you to take the next step!  Professionally Pursuing What You Love One of the most prevalent desires in the world is to do something that you love professionally. For anyone in the poker community saying that there’s profit in this, they’re certainly not doing it only for the money. They love the game and have passion for it. For those who don’t have that, must understand that it is a skill game and requires practice to get better. This is what encourages them to put in the research time required to excel and achieve success through the downtrends. Self Determination And Versatility Poker players set their own schedules which is a great thing for any professional in any field of work or sport. To stave off poker exhaustion and keep you going, getting this independence will go a long time away. Also, you’ll only be accessible to yourself. Versatility is something that is quite limited in a number of professions nowadays and there’s nothing quite like poker tournaments when it comes to versatility. That’s not to suggest, of course, that it’ll be straightforward. The assumption is that when you do so, no-one will be blowing down your neck. Earning Big Money There is still a lot of profit to be gained by playing online poker if you can achieve a high level of experience. In terms of rake and playing rewards, there have been a few improvements in the market in recent years that have limited online poker’s profitability, but it is still possible to obtain a decent income playing the game. Getting in and getting out of micro stakes is one of the greatest obstacles facing emerging online pros these days. In present-day games, the high rake and low rakeback eat away at the winnings of a micro stakes player, making it difficult for them to achieve a good score overall. On the other hand, live poker has been and is likely still a highly lucrative enterprise for professional players. The live player average is much lower than the online player estimate. This may be because, in casinos, live poker is practiced and thus encourages individuals who play poker to bargain instead of because they are successful at it. Or it could be because of live poker’s social aspect. It’s a mix of both, perhaps.  For more interesting articles about poker or poker news, keep reading PokerShots!  Post Views: 8
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Pearl Legend Hold and Win Slot Review
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Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.
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Did the next Macau bubble just start two weeks ago?
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
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