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But I think we dodged a disaster for Terre Haute when the casino bill died. More Headlines Illinois gambling proposal would add casinos in 6 places, including Danville By KIANNAH SEPEDA-MILLER and JOHN O'CONNOR Associated Press 36 min ago SPRINGFIELD, Ill. (AP) A proposal to expand casino gambling in Illinois would put new casinos in six locations, raising revenue for a cash-strapped state that's been without a spending plan for two years. The massive gambling expansion is part the wide-ranging "grand bargain" to end Illinois' two-year deadlock over an annual spending plan. Although the grand bargain was derailed this past week, the casinos plan did get the endorsement of the Senate. The measure is in the mix to raise revenue and draw votes from areas of the state that could cash in on what has been a lucrative industry for a quarter-century. Despite Senate approval, the gambling legislation can't move forward unless accompanied by the dozen or so other bills in the grand bargain. The overall spending deal is on hold after Republican Gov. Bruce Rauner voiced opposition to remaining parts of the plan. Here's what the gambling proposal would do: ------ LUCKY SIX Licenses would be authorized for Chicago; undetermined locations in Lake County, north of the city, and in its south suburbs; Rockford; Danville in east-central Illinois; and Williamson County in southern Illinois. For the first time, any casino, including existing ones, could be on land, ending the "riverboat gambling" theme that paid homage to 19th century Illinois.

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Musa, 25, and his family lived for almost a year alongside Atmeh, but he moved to a tent on higher ground in recent months with his wife and a six-month-old baby to escape the damp and mud, he said. The two men say they rely on irregular food basket deliveries by international NGOs or the kindness of other residents or locals to survive. There is not even casual work available nearby for Atmeh, a former civil servant and Musa, a former student. BORDER WALLS AND GUNFIRE The nearest town, of several thousand people, cannot absorb even a fraction of the labor force among the displaced, they say. Daily life is dull, with little to do other than survive, but the fear of further upheaval is always there, Musa said. "When there are clashes between the factions (insurgents), they can get fairly close. We're scared for the children and women - if a stray bullet hits one tent it will go through 10 of them, we're very vulnerable should the violence get closer." In the camps, there are those who do not want to wait around, and are so desperate to leave that they regularly brave the gunfire of Turkish troops to try to cross the border. Mohammed al-Ali, a 30-year-old who fled Hama province further south about three years ago, approaches the wall which is visible from the camp on a daily basis to see if there is a chance to cross over. "It's dangerous, you take your life in your hands if you try. The Turks have clamped down a lot at the border," he said. "If you're on the Syrian side and you're trying to get across (illegally), they fire above your head.

The problem is that a short is just too hard right now, for a bunch of reasons: 1. SciGames can burn shorts with the Interactive business. I personally think the social casino space is close to a peak. One of the industry's leaders, Big Fish Games, owned by Churchill Downs (NASDAQ: CHDN ), already is seeing growth slow and margins compress. Zynga (NASDAQ: ZNGA ) has focused on the space. Every casino operator now has its own offering; Aristocrat has a growing interactive business as well. From here, the sale by Caesars of Playtika to a Chinese consortium for ~16x EBITDA looks just ridiculous - and the kind of the deal that in retrospect looks like buying at the absolute top. (CHDN paid just 8.5x for Big Fish; outside the casino vertical, Activision Blizzard (NASDAQ: ATVI ) paid a little over 6x for King Digital.) But SciGames has managed to get its Interactive business out from under its debt, which enhances its flexibility. On the Q4 call, Sheehan might have been negotiating publicly when he said about the business, "if somebody came along and offered us a Playtika kind of price tag, then we'd have to at least think about it." That multiple, against 2016 EBITDA of $69 million, would value the business at about $1 billion - fully half of SciGames' current market cap. In this market, there are enough short opportunities where management doesn't have the ability to spike the stock 20%+ with one move.

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