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Over the course of the past two years, the state of Victoria has enacted a number of gambling reforms aimed at reducing problem gambling rates. As a result of these reforms, gambling spending has greatly declined, which has had a wholly negative effect on companies like TabCorp.

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Borgata has had an ongoing dialogue with City and State representatives this year in an attempt to reach a fair and equitable settlement. In those meetings we have repeatedly expressed our willingness to compromise the amount due to Borgata. Once the City submits its fiscal plan and reaches consensus with the State, we look forward to resuming our settlement negotiations and putting this matter behind us.

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HTC Corporation, the Taiwanese consumer electronics company, has announced that it is working on a blockchain technology based smartphone that will provide a rich experience while running decentralized applications (DApps). The secure hardware within the smartphone, Christened as Exodus, will assist underlying protocols expand their network of dedicated nodes, thereby expanding the total blockchain ecosystem. This information was revealed by Phil Chen, who is serving as HTC’s Decentralized Chief Officer.

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