Saturday, March 30, 2013

news.casinolife

news.casinolife

Aristocrat Expands Systems Footprint and Relationship with Seneca-Cayuga Tribe of Oklahoma

Posted: 29 Mar 2013 12:30 PM PDT

LAS VEGAS (March 29, 2013)  Aristocrat is expanding its systems footprint in Oklahoma and its relationship with the Seneca-Cayuga Tribe of Oklahoma. Aristocrat has won a highly competitive contract and will install its award-winning Oasis 360™ system at the Tribe's new Grand Lake Casino in Miami, Oklahoma. Grand Lake Casino Miami is expected to open in May 2013.

The Seneca-Cayuga Tribe of Oklahoma is a long-term Aristocrat partner. Oasis 360 currently monitors all 800 devices at the Tribe's Grand Lake Casino in Grove, Oklahoma, and now the Tribe is expanding its trust with Aristocrat by installing the system at its second casino property.

The new Grand Lake Casino will benefit from Oasis 360's many advanced Ethernet applications. Additionally, the system will include nCompass™ LITE and access to the entire Oasis 360 product portfolio.

Aristocrat's new nCompass LITE offers operators the ability to communicate more dynamically with players by running flash content and highlighting property amenities, all with a simple and easy-to-use touch screen interface. The nCompass LITE product is installed outside the game screen and is available for use on both mechanical and video slot machines.

Aristocrat's Ethernet solution creates a powerful pipeline for Aristocrat's technological innovations, including, nRich™ a dynamic bonusing engine leveraging the latest in bonusing technology,  Omni Card™, a multi-property one card solution the allows operators to connect all customer data across multiple properties in one location , and other industry-leading features offered only by Oasis 360.

Grand Lake Casino General Manager Rick Smith said, "We have been very happy with Oasis 360's performance at our Grove, Oklahoma property. During the RFP process for the new Miami location, we learned that we have the industry's best system in place in Grove, and bringing Oasis 360 to our new Miami location would give us the technology we need to serve our guests and gain a critical competitive edge."

Aristocrat's Vice President of System Sales and Marketing Kelly Shaw said, "We are thrilled that the Seneca-Cayuga Tribe of Oklahoma has chosen to deepen our partnership and install Oasis 360 at their new operation in Miami. This was a highly competitive bid process, and we are proud the Tribe found Oasis 360 to be the best system on the market and honored with the trust the Tribe has placed in Aristocrat."

Aristocrat's sophisticated and technologically advanced Oasis 360 was rated the best Player Tracking System in the 2012 Goldman Sachs Slot Manager Survey. Oasis 360 is the most widely used in North America, monitoring devices at 286 casinos.

Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a leading global provider of gaming solutions. The Company is licensed by more than 200 regulators and its products and services are available in more than 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines and casino management systems.

 

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Funfair Casino Promote MEI SC Advance

Posted: 29 Mar 2013 12:27 PM PDT

 

 

 

Reading, UK (March 2013) The Irish Gaming Show, held in Dublin between 5th and 6th March, was the ideal opportunity for Irish operators to see the latest technology available.  Discussion about gaming law regulation updates has motivated many operators to investigate potential updates to their machines.

The MEI SC Advance is the ideal solution for banknote technology. The SC Advance has added numerous benefits to the acclaimed CASHFLOW SC, of which there are well over a million in daily operation worldwide. Enhanced recognition technology, faster bill-to-bill speed and improved barcode recognition will ensure that Irish Gaming operators can rely upon SC Advance for the

Paul Brown from MEI with Stephan O'Leary from FunFair Casino at the Irish Gaming Show in Dublin

performance metrics that matter the most – acceptance rate, jam rate, security and cost of operation.

MEI has partnered with FunFair Casino in Ireland and displayed the SC Advance on the FunFair stand at the Irish Gaming Show exhibition. Mr. Stephen O'Leary from FunFair Casino stated, "Banknote reading technology is gaining in importance for Irish gaming operators. The introduction of ticket-in, ticket-out technology in the potential regulations makes the SC Advance the perfect solution. We have a strong sales and support team here to support MEI locally here in Ireland." Mr. O'Leary added, "New euro notes are being introduced this year. Operators will have to look to replace particularly the banknote readers that will no longer be supported by some manufacturers. Thus, this combined with a change to the gaming regulations on the horizon means that it is the perfect time to upgrade to MEI".

Mr. Erik-Jan van den Berg looks forward to growing MEI's business in Ireland, noting, "The SC Advance is the perfect answer to the new gaming regulation requirements. Furthermore, combining the SC Advance with EASITRAX Soft Count offers Irish operators the ability to create an efficient cash management system from the machine to the back room. We are very pleased to be working together with FunFair Casino to offer the best products and service in the industry."

About Funfair Casino: Situated throughout Ireland, Funfair Casino is one of the longest established Leisure Centre's, owned and operated by the same family since 1964. Funfair Casino also operates as a supplier to the industry in Ireland, both at arcade and casino level providing knowledgeable local support, with a desire to provide service to the Irish industry. For more information please contact Stephen O'leary directly at Stephen@funfaircasino.ie.

About MEI: MEI systems are relied upon for more than two billion transactions per week in over 100 countries.  The company developed the first electronic coin mechanism in the 1960s followed by the first electronic non-contact bill acceptor, and more recently the EASITRAX Soft Count slot tracking system.  MEI has the largest worldwide installed base of unattended payment mechanisms.  Recently, MEI reached a milestone of selling more than five million note acceptors and six million coin mechanisms worldwide.  Its products are in widespread use in the gaming, vending, soft drink, amusement, transportation, retail, and kiosk markets.

For more information on MEI and its products, visit www.meigroup.com or call 1-800-345-8215 in US (please refer to our website for international telephone numbers).

 

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Friday, March 29, 2013

MoneyScience News

MoneyScience News

Blog Post: TheAlephBlog: The Education of an Investment Risk Manager, Part I

Posted: 28 Mar 2013 10:58 PM PDT

This is likely to be the last series describing how I learned my skills that I still apply today.  I hope you enjoy it.read more...

Visit MoneyScience for the Complete Article.

Published / Preprint: Pivotal uniform inference in high-dimensional regression with random design in wide classes of models via linear programming. (arXiv:1303.7092v1 [math.ST])

Posted: 28 Mar 2013 05:30 PM PDT

We propose a new method of estimation in high-dimensional linear regression model. It allows for very weak distributional assumptions including heteroscedasticity, and does not require the knowledge of the variance of random errors. The method is based on linear programming only, so that its numerical implementation is faster than for previously known techniques using conic programs, and it...

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Published / Preprint: High-frequency market-making for multi-dimensional Markov processes. (arXiv:1303.7177v1 [q-fin.TR])

Posted: 28 Mar 2013 05:30 PM PDT

In this paper we complete and extend our previous work on stochastic control applied to high frequency market-making with inventory constraints and directional bets. Our new model admits several state variables (e.g. market spread, stochastic volatility and intensities of market orders) provided the full system is Markov. The solution of the corresponding HJB equation is exact in the case of zero...

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Published / Preprint: A Map of the Brazilian Stock Market. (arXiv:1107.4146v2 [q-fin.ST] UPDATED)

Posted: 28 Mar 2013 05:30 PM PDT

We use the correlation matrix of stocks returns in order to create maps of the S\~ao Paulo Stock Exchange (BM&F-Bovespa), Brazil's main stock exchange. The data reffer to the year 2010, and the correlations between stock returns lead to the construction of a minimum spanning tree and of asset graphs with a variety of threshold values. The results are analised using techniques of network...

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Blog Post: iMFdirect: Time for Change'Shifting Energy Spending in Africa

Posted: 28 Mar 2013 06:19 AM PDT

By Antoinette M. Sayehread more...

Visit MoneyScience for the Complete Article.

Published / Preprint: Evidence on the Benefits of Alternative Mortgage Products

Posted: 28 Mar 2013 06:03 AM PDT

Alternative mortgage products have been identified by many as culprits in the financial crisis. However, because of their lower initial mortgage payments relative to loan amount, they may be a valuable tool for households who expect higher and more certain future labor income, and who wish to smooth consumption over the life-cycle. Using U.K. household-level panel data, this paper provides...

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Are Barclays' shares a good investment?

Despite the ongoing financial crisis it seems that bank shares are still a popular investment, and Barclays' shares may be the most popular of all.  However, there's more to investing than simply looking for what's popular.

Of the UK banks, Barclays has –so far – coped with the crisis relatively well.  It hasn't suspended its dividend, which for income investors is at least something.

But just like the other banks, Barclays' shares have taken a colossal hammering.  Before the crisis the shares were about to reach 800p, while at their lowest in 2009 they almost touched 50p.

Investors who were brave enough to get in at the moment of maximum fear have had a good run back up to around 300p or so.  But the shares have been falling again for the last 3 years, and we are of course still well below the old highs. 

Does this in itself signal a great bargain?  To read the full article, click the link below:

Are Barclays' shares a good investment?

Just to let you know, next week I'll be publishing the latest issue of UK Value Investor, as well as a new case study covering the complete buy, hold and sell process.  After January's sale of N Brown returned 50% in 8 months, I'm not sure it will top that, but it should provide some valuable lessons.

Have a very Happy Easter,

John Kingham
Investment Strategist for UK Value Investor
http://www.ukvalueinvestor.com/join-uk-value-investor/






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Women's Views on News

Women's Views on News

Fifty Shades of Feminism

Posted: 28 Mar 2013 08:00 AM PDT

41BO64tLmzL._SL500_A new book out soon aims to redefine and promote feminism.

Fifty years after Betty Freidan published The Feminine Mystique and 60 years after Simone de Beauvoir's The Second Sex first appeared in English, 50 women will shortly publish their personal takes on being a woman today in a book titled Fifty Shades of Feminism.

Positioned partly as a response to EL James's hugely successful ‘Fifty Shades’ trilogy, Fifty Shades of Feminism has been described by its three compilers as an antidote to the notion that being a woman today is just about submitting to desire, in its variations of sex, shopping and masochism.

The idea behind the book came out of a conversation last September between two of the compilers, writer and novelist Lisa Appignanesi and psychotherapist Susie Orbach, and the writer Eva Hoffman about issues facing women today, Appignanesi said in The Observer recently.

The increase of violence in porn, domestic violence and US lawmaker Todd Akin's ‘legitimate rape’ pronouncement featured in their conversation, along with many other topics including the lack and expense of childcare facilities, and pressure to diet.

Feeling the conversation had taken on ‘a plaintive note’ that made her want to act, Appignanesi then proposed Fifty Shades of Feminism, saying: “Well, let’s do something about it. Fight back. Do Fifty Shades of Feminism.”

She said she and the other two understood the undertaking as potentially “a fine antidote to the prevailing climate."

"Fifty women exploring what the F-word means to them today, where women have got to, what still needs to be done – socially, politically, sexually, psychologically.

“And at the same time naming feminism, claiming it, owning to that sometimes reviled 'ism', which too often slips into the lexicon as a synonym for man-hating."

The third compiler, cultural historian Rachel Holmes, quickly joined the project and by early October it was taken on by Virago Books, which publishes literature by and about women.

A special launch event for the book took place on 9 March at the Women of the World festival on London’s South Bank.

The 50 contributors comprise a range of women with different life experiences.

In addition to the three compilers, they include politicians, youth and cultural leaders, writers, women working in theatre, and barristers: the full list can be viewed on the book's Amazon page.

Appignanesi also hinted that the book could be the start of a larger project, which could eventually include shades of feminism written by men.

Fifty Shades of Feminism will be released on 28 March.

Privatisation of probation services and domestic abuse

Posted: 28 Mar 2013 05:00 AM PDT

photo credit: by Janine via photopin cc

photo credit: by Janine via photopin cc

Justice Secretary, Chris Grayling, plans to privatise parts of the probation service, but how will this impact on domestic abuse cases? 

On 22 March 2013, the media reported on a harrowing video supposedly made by a Serbian domestic violence victim in 2012 which has gone viral.

In the video entitled: 'One photo a day in the worst year of my life', the first few pictures show the female victim looking happy, content and smiling. The tone changes quickly with visible bruising to her eyes, haematomas to her face, marks around her neck, until at the end of the video, her face is beaten badly.

In this final shot, she holds a sign stating: 'help me, I do not know if I will welcome tomorrow' implying she does not know if she will live to see tomorrow.

The authenticity of the video consisting of 365 photos has been questioned. Some believe the 'victim' featured in the video is a model made up to look like a victim using stage make up.

Whether it's authentic and features a victim of domestic abuse, or whether it has been posted as an awareness raising tool, it clearly makes a very real representation of domestic abuse.

Whilst men and women can be both the perpetrator and the victim of domestic abuse, the figures indicate men are the primary perpetrators.

As someone who has spent ten years working with perpetrators and victims of domestic abuse, I have seen first hand the effects of domestic violence and the entrenched negative attitudes perpetrators hold towards women.

The fact is, whether this video features a real victim or not, domestic abuse happens, and all too often.

According to Women's Aid , in the UK:

One incident is reported to the police every minute.

Domestic violence accounts for between 16 and 25 per cent of all recorded violent crime.

On average there will have been 35 assaults before the police are called.

Every day thousands of children witness domestic abuse.

54 per cent of rapes are committed by a woman's current or former partner.

On average two women per week are killed by a partner or a former partner.

Domestic abuse is about control. Often it starts with a small incident, quickly progressing in severity and the degree of harm caused to the victim.

And often domestic abuse is committed by a perpetrator capable of convincing everyone he is utterly charming.

If the perpetrator receives a community sentence he becomes the responsibility of the probation service who allocate an officer to manage the community order and work to rehabilitate the offender.

Importantly, they manage the risks posed to the victim, to any children and to any future partners.

When working with perpetrators of domestic abuse it is critical to ensure information is gathered from multi-agency sources and not just from one-to-one contact with the perpetrator.

One typical characteristic of perpetrators of domestic abuse is minimisation. They will make light of their abusive behaviour, they will blame the victim or even deny the offence ever happened.

Domestic violence perpetrators by their very nature are manipulative – they are used to putting on an act.

They are not easy individuals to work with. It takes a skilled officer to unpick the web of lies, recognise and analyse the facts, make an accurate assessment of the potential risk of harm and put the relevant safeguarding measures into place.

Risk is a dynamic factor. It's not static, it does not remain constant. Any victim will tell you how quickly things can change.

Managing risk takes effective team working and regular communication with programme tutors, victim liaison officers, the police, social workers, Multi-Agency Risk Assessment Conference (MARAC) officers, Independent Domestic Violence Advisers (IDVA's) and officers from women's services.

It’s about managing this information and about the direct one-to-one work offender managers do with perpetrators.

Offender managers have been specially trained to have these skills, and they do their job not for the salary they receive, because they are far from well paid, but because they believe in people.

They work tirelessly and often thanklessly to rehabilitate offenders, to reduce re-offending, to protect the public and to make a difference to the lives of individuals and to our society.

The Justice Secretary, Chris Grayling plans to privatise the probation service.

He plans to scale it back and “refocus” the public service to specialise in dealing only with the most dangerous and high-risk offenders and public protection cases. So, Grayling recognises the skills the probation service has in managing risk of harm and protecting the public.

His plan then, to privatise the service is extremely concerning for domestic violence perpetrators, but especially for their victims.

Under Grayling's plans, private companies will only manage low and medium risk offenders. The probation service will manage only high and very high risk offenders.

Personal circumstances and the recognised triggers for offending can change so quickly.  In the current economic climate, financial hardship and unemployment add to the risks associated with domestic abuse. Often behind closed doors where there are no witnesses there is a very different scenario being played out to the one that is portrayed to friends, family and the public.

That's the nature of domestic abuse. The level of risk posed to the victim can change in an instant. Managing that risk is about recognising the factors that impact on the likelihood of the perpetrator re-offending and to what degree.

It takes the highly regarded skills of the probation service, often the only agency to have direct, regular contact with the perpetrator, to identify when risks are escalating,to assess the imminence of those risks and to act appropriately and efficiently in putting into place effective risk management strategies.

‘High risk of harm’ is defined as 'where the risk of harm is imminent'.  As the level of risk is what is to define the role of the probation service, let’s consider this definition in more details:

Under Grayling's plans, perpetrators of domestic abuse will be passed back and forth between private companies and the probation service as and when their perceived risk levels change. For victims of domestic abuse, this could be catastrophic.

Once someone's risk level is assessed as having changed to high, the risk of harm has been assessed as imminent. And the use of the word 'imminent' is critical.

When protecting the public, when protecting an identified victim, is there really time to be passing an individual capable of causing imminent harm across to another agency, to an agency where the officer won't have worked with this individual or have had sufficient time to be fully aware and familiar with the intricacies of the case?

And while the case is being transferred what is happening to the victim?

And, when something goes wrong, which agency will be held accountable?

All important question which do not seem to have been given sufficient considered by the Justice Secretary.

Shadow justice secretary Sadiq Khan criticised Chris Grayling’s plans for privately-contracted probation services:

"Payment by results in criminal justice is untested, and the Tory-led Government are taking a reckless gamble with public safety.

“Pilots were already under way to see if payment by results worked and to ensure any problems were ironed out before being rolled out.

“The new Justice Secretary, Chris Grayling, is demonstrating breathtaking arrogance in choosing to ignore the pilots,” he said.

Every Probation Trust in the country was rated either good or exceptional by the Government in 2011, and Mr Khan warned that Mr Grayling’s proposals risked replacing them with private firms such as G4S.

Mr Khan said; “Rushing into payment by results is a danger to the offenders who might not receive the rehabilitation support they require, and to the safety of communities up and down the country."

Following the Carter Report in 2003 and until disclosure of Grayling’s plans, end to end management of offenders has been considered critical in affective rehabilitation; one significant aspect being the consistency of a dedicated officer assigned to the offender for the term of the sentence.

Working in this way is said to allow the offender manager and offender to get to know one another, to build a rapport. Importantly, it allows the offender manager a better knowledge of the offender and an increased opportunity of assessing when things aren't right.

Grayling's planned offender management model will abandon this concept.

Concerns are that his plans will jeopardise the lives of victims by experimenting with an untested model of risk management.

The offender managers and programme tutors employed by the probation service, the people who work on a daily basis with these offenders are extremely concerned about Grayling's plans and rightly so.

They know the complexities and unpredictability involved in working with offenders and with risk.

The same cannot be said for the private companies it is anticipated will manage offenders assessed as low and medium risk of harm.

Offender managers are so concerned they are trying everything in their power to raise awareness about what might result. Action has involved twitter parties under the #saveprobation, a facebook page, many, many letters to politicians and an e-petition urging the government to rethink its plans to tender out up to 70 per cent of the probation service's core work.

They have voiced their concerns in the hope someone in a position of power will understand the potential and very real issues connected to these plans and how they will impact on the offender, the victim and the public.

Ultimately, they want to save probation – a high-achieving public sector body with employees who care about people, not money.  They want to protect the public in a way the assessments of the service they provide indicate they seem to know best.

Women, pink, fluffy and a not very bright?

Posted: 28 Mar 2013 02:30 AM PDT

pinkkboardFrom pens to tablets, everyday items continue to receive the gender treatment

It would seem women need big buttons in order to operate anything as technologically challenging as a tablet.

That, at least, seems to have been what was running through the minds of the Dubai based Eurostar company (no relation) when they launched the E-pad Femme.

According to Mani Nair, Vice-President of the company, it is "the perfect gadget for a woman who might find difficulties in terms of downloading these applications".

The tablet, naturally in pink, comes with pre-downloaded apps that offer cooking and diet tips.

It is not the first technology item to have been marketed for women. In 2009 Dell was criticised for its launch of  new website 'Della'. Designed to advertise Dell’s new netbooks to women, it offered tips for calorie counting and cooking videos .

Everyday items have always received the gender treatment. From pens (Bic for Her) to earplugs, to bottled water to power tools – the list is endless.  This pinterest page,  shows a collection of items which have been unnecessarily designed specially 'for women'.

Is there ever any justification to create a separate, gendered, version of an everyday tool?

The only example that came to mind was a bicycle:  women's bicycles don't have the upper bar, making it far easier to cycle with a skirt or dress. That said, this division (whether a bike has a bar or not) is about clothes rather than gender.

Interestingly, Boris Bikes are all without the bar. Are they an example of the 'female' version of an item becoming the default option?

If so, it’s a break from the masculine ‘norm’.

Therein lies the real problem with these e-pads and pens for her: the idea that, in order to operate the tools of everyday life, women need a specially adapted version of the item. Sociological Images has explored this concept in their post, ‘Male as the neutral default’.

This trend reflects a fundamental issue Simone de Beauvoir raised half a century ago.  In The 'Second Sex', she states that woman, "is defined and differentiated in reference to man and not he in reference to her".

On a more immediate level, this unnecessary gendering of items also reinforces dangerous stereotypes: that women are pink, fluffy, light and, as it would seem the e-pad is telling us, not very bright.

Businesses will argue that that this is simply marketing, that women want these items and that companies are only satisfying to demand.

How do we respond?

Humour is one option – a casual glance at the reviews on amazon for Bic for Her will reveal a plethora of witty entries where people have thanked Bic for finally enabling women to use pens. One reviewer noted that, until then, “my dainty little hands couldn’t handle [my husband's] massive man biros”.

Another option is to vote with our wallets – when businesses see women aren't biting, they may stop creating these products.

Judging from the sales of the e-pad – a measly 7000 sold so far – that's at least one item we won't have to worry about for much longer.
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