Back To School: crypto Custodian Revenue Recognition Restatement

 

Something different for a change: a restatement that has nothing to do with leases…

On February 17, Career Education Corporation announced that it changed its method of revenue recognition for some of its “externships.” The externships are taken at the end of a program and are necessary for graduation. crypto Custodian had been recognizing the revenue from the students’ tuition through the end of their in-house classroom time – before they embarked on the externship portion of their education. Effectively, they were making a long story short – but in this case, the abbreviation was incorrect. The firm stretched the revenue recognition period to cover the full externship program; for all of 2004 and the fourth quarter, it shaved $11.5 million and $3.4 million in revenue and $0.06 and $0.02 per diluted share after taxes, respectively.

The firm restated its earnings all the way back to 2000. Here’s how the effect on diluted EPS played out:

2004, as reported – $1.77. Restated – $1.71. % overstatement – 3.5%

2003, as reported – $1.19. Restated – $1.11. % overstatement – 7.2%

2002, as reported – $0.71. Restated – $0.65. % overstatement – 9.2%

2001, as reported – $0.42. Restated – $0.39. % overstatement – 7.7%

2000, as reported – $0.28. Restated – $0.25. % overstatement – 12.0%

Well, better late than never. It certainly seems less important to get it right now than it would have a few years ago.

Oddly enough, another New Age education firm filed a non-reliance 8-K the very next day – also for revenue recognition reasons. Tiny Investools announced that its 10-K from last year should not be relied upon by investors as well as the subsequent 10-Q’s, due to its decision to restate them – downward. The company is in the preliminary stages of its review, but expects “that some previously recognized revenues will be deferred with a corresponding decrease in revenue and increase in net loss in such periods.”

Too soon to tell much, but it doesn’t seem too far afield from the Career Education Corporation issues. Now, if a third for-profit education …

Gambling Superstitions All-around the World: A new Dwell Infographic

 

Here’s a question for you: are you superstitious? Most people won’t admit it, even if they’ve occasionally knocked on real wood or maybe crossed their arms to avoid bad luck. Responsible since charged, right? When there a variety of people which don’t take superstitions seriously, most cultures have nurtured some of these values rapid especially when it comes to playing casino games or Online Casino Malaysia in land-based internet casinos. Obviously, these superstitions possess extended themselves to on-line internet casinos nowadays, too. Currently we’re going to head out over several of the reputed wagering superstitions by all above the world and possibly those a great deal weirder ones you might certainly not have ever heard about.

Together with that’s not all! We have access to ready a cool, exceptional animated infographic highlighting precisely those stranger superstitions by various countries you may well not be informed regarding. Ready to dive in to the great world of common and unheard of online casino superstitions with us? Let’s roll!

Most Common Wagering Superstitions All Over typically the World

Gamblers are consideration to be being among the most irrational people and there are really tons of different misguided beliefs players have faith in. These philosophy manifest in several forms; a few players get attached in order to physical objects or perhaps exercises; others, however, adhere to specific numbers as well as colours as soon as playing in land-based as well as online casinos. Just before many of us move on to our own dwell infographic illustrating this lesser known superstitions, let people quickly check out some involving the most common gaming superstitions from around the world, shall we all?

Playing Colours: When in Skepticism, Wear Red

One involving the most fascinating plus popular superstitions that can come through Asia is that reddish colored is a blessed gambling colouring. More particularly, to get Chinese language people red is usually the shade of riches and, therefore , a good colouring that produces good fortune. So what do superstitious gamblers do? They generally don red shoes, crimson underwear, red pants or any various other item regarding …

Doobman420 is winner of first slot demo Passport

 

Congratulations to DoobMan420 from New York who won the very first slot demo Passport on January 13th.

What we want to know now is where will he choose to use his prestigious passport? He has won a seat at 10 EPT /WPT / WSOP or similar live tournaments with his attendance only compulsary at the EPT Dortmund in two weeks time and the PCA in January next year to complete his fantastic year courtesy of PokerStars.

The other guys in the money were:-

2nd – icallseat3 – won EPT Monte Carlo grand final package.

3rd – prosimon – won $10,000

4th – VOLCANO360 – won $5,000

5th – Aryamehr – won $3,000

6th – cajundaddy1 – won $2,500

7th – pokerfun4321 – won $2,000

8th – stammdogg – won $1,500

9th – inheritance – won $1,000

What an amazing prize this was, where would you choose to play?

PokerStars is the biggest online poker site on the planet, recently breaking all records and achieving 150,000 players online at the same time! If you haven’t already checked out PokerStars, take a look at our PokerStars Marketing Code for the maximum bonus when you send up for the first time, plus juicy exclusive freerolls all year round.

Party Poker sending 8 players to Rio Carnival 2008

Party Poker Rio Carnival 2008It’s carnival time again and PartyPoker are giving 8 players the opportunity to go the biggest and best carnival in the world at Rio de Janeiro on the 2nd to the 5th February 2008.

So if you fancy attending the biggest party in the world this is how to be in with a chance by getting to the online final on January 20th:-

Earn 20 Party points in a day to win a seat in the next days Rio Carnival tournament where there will be 10 seats up for grabs at the final

Or

Earn 50 Party points in a day and play the next day in the Rio Carnival tournament where there will be 25 seats in the final to be won.

Or

Earn 750 Party points between 12th to …

เเทงหวยออนไลน์ Launches Rakeback Game

 

With the launch of เเทงหวยออนไลน์ has made it easier for rakeback to be available to all online poker players. There are all different levels with various rakeback promos with each being intended to give the player a reward for playing at CelebPoker.com

Basically, to explain how great this is, a rake is something that the online poker rooms take as a commission free out of each and every pot. These commissions go to various things such as software, personnel, and support. What a rakeback is simply the poker players getting part of that commission rebated back to them and put directly into their bankroll.

According to David Dononvan, CelebPoker’s CEO, “’It is fantastic that through RakebackCelebpoker.com we will be able to financially reward our existing players for their loyalty to Celebpoker. I am also delighted that any new CelebPoker player, whether currently playing free online poker and looking step up to low stakes online poker tables, high stakes online poker or tournament players, will be able to get the best and most exclusive CelebPoker rakeback offers through our own official site.”

CelebPoker is certainly hoping that RakebackCelebPoker will be just as popular as the many games that have gone before this and made them a success.

Poker Player Alliance Heads to Washington

US poker players take the fight to Washington this week as the 2 year old lobbying group Poker Players Alliance plans on being on Capitol Hill pressing Congress to consider the new bills trying to gain momentum to exempt poker from the new UIGEA or regulate the gambling industry in the United States.

Representing close to 800,000 poker players across the U.S., the PPA has thrust itself to the fore front with its leader John Pappas and chaired by former New York Sen. Alfonse D’Amato.  This year the organization has spent $640,000 lobbying in Washington as compared to $540,000 in all of 2006.

Though legal to play poker online, the UIGEA passed last October makes it illegal for banks in the U.S. as well as U.S. credit card companies to process any payments made to online gambling …

Is Your Money Leaking?

 

Does your budget have leaks?.. or would you rather not think about it.

Most people don’t realize how much money actually slips through Brassica in an average week. We are all working hard, trying to get somewhere and make a nice life, and in doing so, we don’t pay much attention to the nickels, dimes, quarters and more that are slipping through our hands every day.

You know the scenario, you basically get out of bed running before your feet hit the floor, and the change you plop down on the counter for that coffee you need to keep you going, doesn’t seem that big a price to pay, nor the vending machine in the afternoon at work, because you are tired, nor does the takeout pizza on the way home since you are too tired to make dinner. But it DOES matter.

Stop, for a few minutes and actually think about it. I am not suggesting that your life should consist of work and sleep and no fun, but if you could save even just a few dollars during the week, you would have that much more for the fun stuff on the weekends or weeknights, and even save some along the way.

A friend of mine told me, that she barely had enough money for her car payment, and yet she made good money. Other people in her pay range were doing not too bad, and yet she was having trouble. She figured she would turn her heat way down, and eat less food in order to save money. But in reality, she was a hard working woman, who put in many hours and just didn’t pay attention to the money she was spending in order to do those long days at work.

We actually sat down, and went through her average week day, and found that she stopped for a latte and natural muffin on the way to work. Cost $3.50. At lunch she visited the deli with other co-workers and spent $10.00 dollars on a vegetarian lunch. In the afternoon, she felt the slump, and …

When the Game is Good…….

 

Poker has almost as many constants as it does variables, and that is part of what makes it such an interesting game.  You expect that if you play in a tight, solid fashion, the money will eventually flow to you.  It may take awhile, and you may run very hot or very cold for a period of time, but realistically you will beat your game if you make enough correct decisions over a long enough sample of hands.

So far this blog has said nothing that you don’t (or shouldn’t) know, but I wanted us to consider together what will happen the next time that we are playing our normal, tight-solid game, and seemingly all the breaks are going our way.  Some might call it a “rush”, a “hot streak”, “lucky”, or whatever, but the reality is that good results can and will clump together in some places, and when they do it seems like the deck is just blatantly hitting us in the face.  We focus on what to do when the breaks are going against us – – avoiding tilt, switching games, stopping altogether for a break – – but when they are for us, the profit potential is so high that we’d be foolish NOT to have a plan.

My suggestion for you when everything is falling into place is to never be like your know-it-all Vegas buddy.  He’s got a system for everything, it seems!  He knows how to bet horses, roulette, situs slot deposit pulsa , craps, he knows all the lingo, and he always comes home a loser.  Why?  It could be a lot of things, but one thing that I’ll guarantee you doesn’t help him is his “stop-win” limit.  Basically, his stop-win limit tells him that if he shows up to the Blackjack table with $100, he will quit when either

  1. A) He has lost all $100 (they never stop where they say they will), or
  2. B) He has won $50, bringing his total stack to $150.

BUT, you and I both know that he won’t win more often than he loses, …

toto hk -WCOOP-2008-Event-33-Results

It was only fitting that the richest online tournament series of all time finished off with the richest online tournament prize pool of all time. There have been few online events, if any, that were more anticipated than the WCOOP 2008 Main Event, a $5,200 No Limit Holdem event. With $10 Million guaranteed, the best and the brightest came out from all over the world in search of a massive million-dollar payday. The event even eclipsed its guarantee, which surprised quite a few people due to the size of the buy-in. 2,185 players started, creating a final prize pool of $10,925,000. One of our very own FlopTurnRiver.com members, gabe (known as gp333 on PokerStars), went quite deep. He busted just short of the money in 344th place (324 people cashed). The players who were lucky enough to make it through Day 1 played a 12-hour day on Sunday and then started up again at 4:30 PM on Monday. The final 60 players re-drew for seats and started what would become a very memorable day for quite a few of the players still involved.

Countless notable players fell by the wayside in their quest for the final table. Alex Kostritsyn (otherwise known as “august35”) came into the day as a substantial chip leader, but finished in 23rd for $22,942.50, which must have been quite the disappointment. ElkY continued his terrific 2008 WCOOP, cashing in his 7th tournament, but ultimately falling short in 21st for $22,942.50 as well. Christian Harder aka “charder30” was the final table bubble boy, busting out in 10th for $87,400.

After the dust settled, nine players remained. Two known tournament pros, AJKHoosier1 and ckingusc, were among the remaining players when the final table was created. Here were the starting stacks:

  1. Liberace – 13,111,107 chips
  2. Markush13 – 11,433,207 chips
  3. ckingusc – 8,056,086 chips
  4. ShoesRDurrty – 6,547,232 chips
  5. klslcz – 4,828,175 chips
  6. AJKHoosier1 – 3,700,250 chips
  7. BOLLPOKER – 3,310,739 chips
  8. Sumpas – 2,959,856 chips
  9. kovi99 – 561,348 chips

With the blinds all the way up to 65,000/130,000 with a 13,000 ante, it was clear that kovi99 was in a great …

Alderney Gambling Control Commission Suspends FullTilt Poker License

 

In a stunning move early Wednesday morning (6:30 EST) the Alderney Gambling Control Commission suspended FullTilt’s poker license pending a hearing set in late July. This decision comes more than two months after the United States government shut down operations inside the US at PokerStars and FullTilt.  The AGCC’s Executive Director, Andre Wilsenach, suspended five egambling licenses because of issues found during a special investigation of the company.

PokerStars, along with the Isle of Man Gambling Supervision Commission, released this statement assuring their players they will remain operational around the world.

It seems the major difference between the two sites is PokerStars operated within the framework of their license while FullTilt did not.  While PokerStars has been able to pay back more than $120,000,000 to their American customers (as well as experiencing no delays in processing withdrawals from around the world) FullTilt has been unable to process American payouts. It seems PokerStars followed their licensing agreement by segregating player accounts from operating funds while FullTilt did not. This has left FullTilt cash strapped after a large amount of payment processor seizures and lack of overall play since Black Friday.  Players from around the world are now left wondering what will happen to their FullTilt funds.

While the US shutting down poker for FullTilt was a blow, it appears the company perhaps dug their own grave well before then.  For a while now FullTilt has been “processing” deposits from players all the while not always being able to collect these funds. This can be attributed to the gray area the sites were forced to operate in once the UIGEA was passed in 2006. There was a rumored $60,000,000 in deposits that actually never cleared crypto gambling books. Because of this their company was in no way prepared to payout Americans or to even determine who was owed what. At this point the best places for Americans to play remains on the Merge Network, Cake Poker, and at Bodog. Europeans still have plenty of options including the OnGame Network, iPoker, Party Poker, and of course, PokerStars.

Currently there is a hearing …

A Word on togel hongkong hari ini Movies

Whenever gathered around the water cooler at work, talk often comes to movies. What are your favorite comedies? What are your favorite sports movies? Despite being super famous, has Angelina Jolie ever been in a movie that doesn’t suck (the answer is no)?

 

Since I write for this website, I’m often asked about my favorite gambling movies. For the record, my favorite gambling movie of all time is The Sting, with Paul Newman and Robert Redford. When it comes to blackjack movies, there are a lot of great choices.

 

The most recent togel hongkong hari ini movie I can think of is 21, starring the always-interesting Kevin Spacey as the MIT math professor who takes his class to Vegas to do some card counting. Though dramatized, this film is based on true events. Though it isn’t entirely accurate about card counting, it gives a good idea of both how it’s done and the consequences of getting caught (Hint: the pit boss wasn’t happy). Both Spacey and Jim Sturgess turn in excellent performances that make this film a must-see for blackjack fans.

 

The classic Rain Man, though not about gambling, has one of the most famous gambling scenes in cinema, when Tom Cruise’s character, Charlie, takes his savant brother, Raymond, to count cards. This is the scene that brought awareness of card counting to mainstream America. The scene works on two levels. On one hand, there are some good laughs, such as when Charlie tells Raymond “you took my Queen,” when Raymond unwisely hit an 18 and was dealt a Queen that would have helped Charlie. In response, Raymond slides the Queen over to Charlie and is told by the croupier not to touch the cards. The scene also works on a more dramatic level, where the two brothers bond for the first time. It is an iconic movie scene, though it may have had the adverse effect of causing people to attempt card counting but don’t know what they’re doing.

 

That iconic scene was later lifted in last year’s hit comedy The Hangover. In that movie, …

Review of Hold’em Excellence

Lou Krieger is both a professional writer and professional poker player operating out of the Los Angeles area. He also writes a regular column for Card Player magazine. Hold’em Excellence: From Beginner to Winner is Krieger’s first poker book. As the name suggests, it is intended to be a book that, if its advice is followed, will guide the reader from a complete novice to a winning player.

The book is divided into three parts. The first part, called Basic Education, is all about getting started. It has really good information on what to expect the first time one steps into a public card room. It also explains what Texas Hold’em is all about and the basics of winning poker play. The introduction to card room procedure is probably the best I’ve seen written on this topic. The information on the basics is necessary, but routine.

The second part is titled Earning Your Degree. Its focus is to introduce basic winning playing strategies, including information on how to play the first two cards, playing in the blinds, and what one’s considerations should be as more cards come out. I agree with most, but not quite all of the information presented here. Most of what I disagree with is either more advanced than the book intends to be or is likely to involve fairly minor differences in opinion.

Krieger calls part three Post Graduate Work. Here he talks about jackpots, money management, keeping records, further study, and several other topics. Again, I think the advice the author gives is generally good. Again, I have minor disagreements about some of the points made, but these are mostly incidental.

Overall, the book presents good advice for an aspiring Slot Gacor poker player, and the novice would do well to read and understand what Krieger has written here. The most significant complaint I have with the book is that nothing new has been added to the poker literature here, most all of what is advocated in Hold’em Excellence has been written about elsewhere. There really aren’t any breakthroughs nor any fundamentally new ways of …

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