Gambler Who Lost 950k Fights Casino Entry Ban To Win It Back

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NEW YORK, July 11 (Reuters) - U.S.
stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial economic data and the unofficial beginning to second-quarter earnings season.

Up to 200 partygoers can enjoy the 900-acre Italian estate's attractions which include a large swimming pool, a giant chess board in the garden, bee hives and its own, woods, lake and kitchen garden. Guests can dine in the wine cellar which is lined with enormous ancient barrels. 

Foot traffic in June climbed 8% from a month earlier and was around 74% of its pre-pandemic level, it said in a statement, also saying that the casino planned to open more shops and add entertainment attractions.

The 44-hectare (108-acre) Okada Manila started operations late in 2016. With 993 suites and villas, 500 table games and 3,000 electronic gaming machines, it is the biggest of four multi-billion dollar casino-resorts operating in the capital of the Philippines, which has one of Asia's most freewheeling gaming industries.
Straw accessories are having a fashion moment right now, and while Trudie's bag is now sold out there's a plethora of other version on the high street to get the look. Head to the carousel to take your pick, where you'll also find her exact Loewe hat.

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

"With the economy and borders opening up, Okada Manila is expected to sustain the momentum," current management said in the statement as it held its first news conference since it took physical control of the casino on May 31.

Filipino associates of Japanese tycoon Kazuo Okada seized the $3.3 billion casino, which is held by Tiger Resort, Leisure & Entertainment, ousting its previous management with the help of private security guards and local police.

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In the lawsuit, which The Star wants either dismissed or stayed, Kim Huyen Tran Nguyen has accused the casino of banning her and withdrawing her membership for no reason and making misleading statements to the police.

The breathtaking setting in their south of Florence home is now a fully functioning organic farm and vineyard. The couple ferment and bottle their own wines on the vineyards of Il Palagio, using organic farming methods.

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

The market currently expects that the central bank will raise the Fed funds futures rate by 75 basis points in its latest salvo against red-hot inflation, a tactic which some fear could tip an already cooling economy into recession.

"There´s nervousness about earnings season and the CPI report, but I think the market has a sense as to what CPI is going to bring this week," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.

Risk-off sentiment, further stoked by Macao's first casino shutdown in over two years to curb the spread of COVID-19, also sent the Nasdaq into negative territory, with market leading tech- and tech-adjacent megacap stocks weighing heaviest.
NEW YORK, July 11 (Reuters) - The S&P 500 fell on Monday as dearth of catalysts left market participants warily embarking on a week back-end loaded with crucial economic data and the unofficial kick-off of second-quarter earnings season.

casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts plunged after Macau shuttered all casinos to contain its worst COVID outbreak since the health crisis began. (Reporting by Stephen Culp; additional reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)

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