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...billionaire investor has taken control of 10 casino properties in the past three months and is currently vying for three more. He grabbed control of nine Tropicana Entertainment casinos, including the Tropicana in Atlantic City, acquired the partly built Fontainebleau megacasino in Las Vegas and is currently in a contentious bidding war with Donald Trump for control of three Trump-branded casinos in Atlantic City. (Read TIME's cover story on casinos in Las Vegas...
...sector has taken a huge hit over the past two years, as the crippling recession, the pullback in business travel, frozen credit markets, the decline in consumer spending and even President Obama's "anti-Las Vegas" comments took a hefty toll on casino companies. Gaming revenue plummeted and a flurry of companies, such as Herbst Gaming, Trump Entertainment and Station Casinos, filed for Chapter 11 bankruptcy protection. Stocks nose-dived, with major names losing more than 85% of their value from their October 2007 peak...
...journalist Mary Raftery's documentary film States of Fear was broadcast on Irish television. The film brought to public attention for the first time the systemic nature of abuse at Catholic institutions in the past. Since then, Raftery has campaigned for an investigation into child abuse to be held in every Catholic diocese in Ireland...
...actions. Brady did not contact the police after the meetings, and Smyth went on to abuse dozens more Irish children before being convicted of 90 offenses against children some 20 years later. Some of those abused by Smyth claim other victims committed suicide because of the abuse. In the past week, two more Irish bishops have also apologized for their handling of abuse allegations in their own dioceses. (See why Ireland is running out of priests...
...happy that [Pope Benedict] said sorry and I think it was long overdue," says Rushe. "But these are our own problems to solve and the Irish church has to take responsibility for what happened in the past...