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soaring eagle casino michigan concerts(Image: Nasdaq)McKenzie’s SBTech, a provider of sports wagering technology solutions, was part of the reverse merger through a “blank check” entity known as Diamond Eagle Acquisition. Officials in Atlantic City are becoming increasingly alarmed.We have the potential of an Armageddon in Atlantic City,” City Council President George Tibbitt told Politico.Bob McDevitt, president of the casino workers’ union Unite Here Local 54, added, “This is akin to having a steel mill town and the steel mill shuts down.”Layoffs UnavoidableThe nine Atlantic City casinos employed 26,450 people as of March 1. That position is equivalent to 11.03 percent of the company’s shares outstanding, and the next largest investor controls just under eight percent of the company.As Casino.org reported last week, Walt Disney (NYSEis cool cat casino realIt’s only in principle No. Last month, Fitch issued a negative credit outlook on approximately 0 million of Casino Reinvestment Development Authority (CRDA) luxury tax revenue bonds.The CRDA is funded through flat nightly hotel room and parking fees, plus a 1.25 percent Investment Alternative Tax on gross gaming revenue (GGR). SBTech founder and majority shareholder Shalom McKenzie is flexing some muscle as the largest holder of newly public DraftKings (NASDAQ:DKNG) common equity, taking a board seat at the daily fantasy sports (DFS) and sportsbook operator. free slots 888 no download

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