NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866 NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx Playboy going public: Porn, Gambling, and Cannabis !!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/ https://www.playboytv.com/ https://www.playboyplus.com/ https://www.iplayboy.com/ Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/ https://www.microgaming.co.uk/ “This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/ As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1 They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea “Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/ Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said.
https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this:
https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too:
https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05 Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China.
https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.”
https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the
Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.”
https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003 Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing “Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf Or here:
https://www.mcacquisition.com/investor-relations/default.aspx Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
submitted by With the closure of almost half of Atlantic City's casinos, Newark set to vote on gambling and casinos or racinos in almost every state, it seems as if the reasons for the very existence of Atlantic City are in serious jeopardy.
Israel Joffe Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.
New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.
As time wore on, Atlantic City became the premier gambling spots in the country.
While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.
Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.
Through-out the 1980s, Atlantic City would become an integral part of American pop culture as a place for east coast residents to gamble, watch boxing, wrestling, concerts and other sporting events.
However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.
Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.
Atlantic City, in an attempt to make the city more appealing to the ‘big whale’ millionaire and billionaire gamblers, and in effort to move away from its ‘seedy’ reputation, built the luxurious Borgata casino in 2003. Harrah’s created a billion dollar extension and other casinos in the area went through serious renovations and re-branded themselves.
It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.
Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.
Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to the United States to spend their money.
Then came the biggest threat.
As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2004 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.
As of 2013, racinos were legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia with more expected in 2015.
Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.
The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.
From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.
And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.
New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.
California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.
With this in mind, it seems the very niche that Atlantic City once offered as a gambling and entertainment hub for east coast residents is heading toward the dustbin of history.
Time will tell if this city will end up like Detroit. However, the fact that they are losing their biggest industry to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing , it all makes Atlantic City’s fate seem eerily similar.
Aquaman #37: Headline
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> Author:
Predaplant Book:
Aquaman Arc:
Breach Set:
54 “Great to finally meet you, Your Majesties.” the man in the suit said, nodding to Orin and Mera. “My name is Dr. Stephen Shin. I’m an expert on Atlantis; or, at least, an expert on surface perceptions of your fine nation. I’ll be interviewing you today.”
“Nice to meet you, Dr. Shin.” Mera sat with her legs folded and her hands clasped lightly on her lap.
Orin sat next to her. They were in plain wooden chairs that he was finding very uncomfortable. He had no idea how Mera was able to look so composed; he couldn’t stop fidgeting. “Likewise. I assume you’ve been very busy these past few months.”
Shin smiled. “That would be correct. But for you two, there’s always time. Shall I start with my questions?”
Nodding, Orin tried to force a smile. He had heard smiling helped people feel more relaxed. He had spent the last few weeks travelling, meeting with international delegates, and it had worked wonders for him. “Go ahead, Doctor.”
Clearing his throat, Shin held his papers up to his eye level, peering through his bifocals. “You may have fully revealed yourself to the world recently, but a few years ago, Your Majesty, you showed yourself and your abilities to us as a member of the Justice League. Have you noticed any difference in treatment now that the world knows you’re a king, as opposed to when you were strictly considered a hero?”
“There is a bit of a difference. People still do their best to treat me well, and people are still wary of how powerful I am. But it’s a different type of power.” Orin tapped his foot as he thought. “I’d say the biggest difference isn’t across time, but across space. In Atlantis, I’m the king. That’s what I’m known for. Here... people look at me, they see Aquaman, not King Orin. So getting past that impression is the hardest part for me when trying to be taken seriously.” He glanced down at his clothes before laughing. “Maybe I should be wearing a suit instead of these scales. That might command more respect.”
∿∿∿∿∿∿∿∿
Orin tried to look nonchalant, the blond-haired white man in Tokyo thumbing through a tankōbon with somebody who looked an awful lot like him on the cover. He had started a world tour of sorts. His travels hadn’t started out that way. At first they were just a few visits to individual countries. However, it seemed whenever he got around to visiting a country there were three more invitations waiting for him back in Atlantis, so it got to the point where he simply wanted to do all of them in one fell swoop.
And when he got to Japan, it only made sense that he should go and check out his manga. The temptation to see what the world thought of him was too alluring.
He couldn’t read Japanese, but flipping through it it was obvious that the mangaka had taken some... creative liberties.
When he reached the drum-playing octopus he had to back out.
Sliding the tankōbon back on the shelf, he headed back to the entrance, sliding past a couple teens, whose mouths gaped open. “Aquaman...” he heard one of them whisper.
He nodded in their direction as he exited the store. They followed, pulling out their phones and taking pictures. Orin waved his hand as he speed-walked away. “No pictures, please.”
They kept following him. As he walked, a few people turned to stare at him. They recognized him. Blub.
He took a deep breath as he headed for Tokyo Bay. Looking over his shoulder, there were now around a dozen people following him, and as the noise behind him grew louder he broke into a run. The bay was within sight, with only one street between him and the harbour.
The light turned red just a second too late, the intersection in front of him filling up with cars. He was swarmed by more camera flashes and people reaching towards him with pen and paper, looking for autographs.
There was nothing for him to do but give the crowd what they wanted.
Two hours later he finally made it the last hundred metres to the Bay, slipping into the water softly. Hopefully wherever he headed next, he wouldn’t be as much of a celebrity.
∿∿∿∿∿∿∿∿
Chuckling, Shin lowered his papers for a second. “Maybe. So Your Majesty Queen Mera...”
“Just Mera is fine.” she broke in. “I personally don’t mind, for the purposes of this interview. Do you mind if he uses your name, Orin?”
“Fine by me if you call me Orin, Dr. Shin.”
Shin nodded, glancing down at his papers. “Alright then. Mera, this has been your first major exposure to the surface and surface life. Have you been experiencing culture shock?”
Mera absentmindedly twirled her hair around her finger. “I don’t think culture shock’s quite the right word for it. Orin’s told me all about his life growing up, so I had a good idea of what the surface is like. And I don’t spend much time there anyways, since Orin’s much better suited to deal with our foreign relations considering his upbringing. From what I’ve seen, however, it seems like a very nice place, though it is very strange in some ways.”
∿∿∿∿∿∿∿∿
Orin strolled down the boardwalk, holding Mera’s hand lightly in his. It had been a while since they’d had any real alone time that wasn’t taken up by the whale in the room of governing Atlantis.
He had wanted to bring her to the surface for a while, and Atlantic City was as good a place as any. Whenever they wanted to leave, they had an easy path to the sea, and he had never been as a child.
“So you’re telling me these casinos... people go there knowing that they’ll probably lose money?”
“Yeah,” Orin nodded. “But there’s a chance they might win. So they’ll keep trying.”
“People will do anything for a chance to win, huh?” she noted.
Orin turned to face her, pushing her scarlet hair back over her shoulder. “Maybe that’s what we’ve been doing, too. Trying to stare down the rest of the world and win.”
“We have a superhero, we can manage that.” Mera buried her face in his chest as she gave him a hug.
“Thanks for the support.” Orin said, stroking her hair. “Now come on, let’s get some taffy.”
Mera looked up at him from the hug. “Taffy? Some surface food, I presume.”
“You got it. It’s good, you have to try it. Nothing like this in Atlantis, I can promise you that.” Orin had been counting the taffy stalls as they had been walking, and he had gotten up to almost fifty. Spotting one just ahead of them, he pointed as he said “Let’s go to that one.”
As they approached, the man behind the counter smiled at them. “You want some taffy?”
“We’ll take a bag.” Orin said.
“What is this... taffy... exactly like?” Mera asked cautiously.
The taffy maker smiled. “You’ve never had saltwater taffy before?”
“No, this’ll be my first time.”
He stared off into space. “Ah, if only I could experience having taffy for the first time again...” He turned back to Mera, a grin on his face. “You’re in for a treat.”
Mera nodded. “Thank you very much.”
Orin paid for the taffy, and they made their way to a nearby bench. Sitting down, with his arm around Mera’s shoulder, Orin opened the bag.
Taking a piece, Mera popped it into her mouth, chewed slowly, and swallowed. Her face lit up. “This is really good!”
“I’m really happy you like it. Here, take another.” Orin smiled as he unwrapped the taffy.
∿∿∿∿∿∿∿∿
“Well, I’m very glad to hear you think that about us.” Shin turned back to face Orin. “Do you think Atlantis has anything to be afraid of from the surface? Or vice versa, of course.”
“If we had to fear anything from the surface it would be surface weaponry, and surface heroes. Just knowing that we exist makes us a much easier target to hit.” Orin said. “After all, it seems like there’s a threat to civilization as we know it a couple times a month, so that in itself is a terrifying proposition for a nation to face for the first time, or at least be made newly aware of.”
Mera squeezed Orin’s hand, the signal to let her take over. Looking over to her, she smiled at him. “As for the surface being afraid of us, I wouldn’t be too worried. We’re relatively small, and while many of us do have... powers, we will do our best to keep our citizens in line. Rest assured that we have no intentions of attacking the coastal nations of the world.”
Shin smiled at her. “Thanks for the reassurance.”
“The Justice League trusts me.” Orin said calmly. “If you trust them, then you can trust me.”
∿∿∿∿∿∿∿∿
Having imagined England as an alternative magical world as a child, Orin was disappointed, to put it mildly, as he made his way through the streets to the rendezvous point.
It just looked like the US, except the street was mirrored.
And it was a lot more rainy.
Head down, still hoping that he’d stumble across something out of one of the imported picture books he read as a kid, Orin turned into a small alcove and knocked on a plain, unassuming, dark blue door, paint faded from what seemed to be long years of neglect.
The door opened, and Orin walked through, head still down.
He found himself in a plain foyer that had a few hallways branching off of it. Using his powers to push the rain off of himself, he collected it into a ball and used the water to give the plants in the corner of the room a light shower before walking down the hallway with the gold carpeting.
Fifth door on the right. Knock four times. Orin stood around in the hallway for a few seconds, tapping the shoes he had purchased the day before in Ottawa. Shoes didn’t keep long underwater; he’d gone through three or four pairs already since he had started his tour.
Orin looked around the room. Three diplomats, there to greet him. They shook hands, gave him their names. Plus a hero in the corner, as always, this one dressed in a Tower Guard outfit. Nobody bothered to tell Orin the hero’s name; it was like he wasn’t there.
It wasn’t actually that bad. They didn’t have too many questions for him, especially compared to some of the other NATO countries he had visited, and said they could use a similar contract to the one Atlantis had used with the US. Plus he didn’t have to worry about his words going through an interpreter, which was a nice bonus.
After only an hour and a half he was ready to leave. It was short, as these meetings went. As he turned to go after shaking hands, one of them tapped on his shoulder.
Stopping, he looked back at her. She was shorter than average, with green eyes and blonde hair that was tied back in a bun. Her name had been given as Stubbs. “Can we speak in private? It won’t be long.”
“Alright, you know somewhere here that’s private?” Orin asked.
She nodded. “Just through here.” Moving quickly, she pulled open the door to the hall. Orin followed and stuck his head around the corner to see her unlocking another door a couple doors down.
He followed her as she pushed the door open to reveal a bare room with a couple chairs. Closing the door, she moved to lock it behind her. Orin grabbed her hand.
“I’d rather not be locked in here with somebody I don’t trust, Stubbs.” Orin said quietly. “Please leave it unlocked, if you can’t leave it open.”
She paused, and looked up at him for a second, casually leaning against the door. “OK” she replied.
“So what is it you wanted to ask me?” he asked. “Must be pretty important if you need so much privacy.”
She looked around the room, drawing a shaky breath and letting it out before responding. When she did, it was in a hesitant tone. “Have you heard about N.E.M.O.?”
Orin scratched his head. “No? Should I have?”
Stubbs smiled for a moment. “If you had I’d be surprised. But you should know about them and that’s why I’m telling you. They’re an organization that seeks to gain control over the oceans. I have a... family connection to them. I know they’re trying to destroy you and Atlantis as a whole.”
He nodded, pushing past her to grab the door handle. “Thanks for letting me know. Hope you have a good day, any other hobby groups you want to let me know about?”
“No, you don’t understand, they’re going to destroy Atlantis!” she repeated, placing her hand over his, struggling to prevent him from moving the handle.
Orin sighed. “Listen, Stubbs, there are always going to be groups wanting to destroy you. You learn that, as a king. Almost none of them are going to be able to make any serious attempt. I’ve learned to let it go.” He opened the door. “Now if you’ll excuse me, I’d like to make it back to Atlantis for dinner.”
∿∿∿∿∿∿∿∿
“That leads me to another question.” Shin pulled out a pen and scribbled down a few words on his paper. “Has the Justice League said anything to you about your reveal? After all, it has made a pretty big splash.” He sat in silence for a few moments. “Pardon the pun.”
“Any conversations I’ve had with any other members of the Justice League are between us, Dr. Shin. That being said, it’s nice to be able to be more open. You might see me helping the League more often in the future; I know I haven’t been the best teammate.” Tapping his finger on the arm of his chair, Orin gazed at a fixed point in space. “Leading Atlantis has and will always come first, and I trust my teammates to handle crises.”
∿∿∿∿∿∿∿∿
There was a quick knock on the door before Dolphin came rushing in on a cold current. Orin and Mera were eating dinner together, Orin having just returned from another surface visit. “We’ve got mail!!” She swooped down in front of her foster parents. “Got a few letters from your Templar friends, Mera. And something that is apparently top secret for you, Orin.” She squinted at a package she was carrying about the size of her fist, that had been stamped with a Top Secret stamp on five of the six sides. Tentatively, she placed it in front of him.
“Thanks, Dolphin.” He stared at the box as it sat on the table. He hesitated to open it. The sixth side bore a different stamp. The Justice League one.
“You gonna open that now?” Mera asked.
Orin looked at the box for a few more seconds before answering. “I might leave it for a few days. Let it sit a bit, you know?”
“You should probably open it now.” she said, showing him a letter she had received.
It simply stated, in letters big enough for him to read it from across the table:
TELL ORIN TO OPEN HIS JL BOX ASAP!
“Alright, fine, I’m doing it!” Orin said as he dug his nail into the box, prying it open.
Inside was a Justice League communicator and a note. Picking up the scrap of paper, Orin squinted at the tiny writing:
Hi Orin, We didn’t know if your communicator got lost or broken, since the originals weren’t pressure-tested, so here’s a new one that should work even down in Atlantis! We haven’t heard from you in a while and you’ve been on our minds recently so here’s a token of appreciation! Btw I rigged it so I get a notification if you broke the seal, so you should receive a call from me soon! All the best, Watchtower
(Then there were two lines below that were even tinier, each in their own handwriting:)
+ Wonder Woman And Wonder Girl!
The communicator buzzed. Staring warily at it, Orin pressed the button with one finger.
“Hello? This is Watchtower calling Atlantis? Anyone there?”
Clearing his throat, Orin responded. “Hi Watchtower! This is Aquaman speaking from Atlantis.”
“Oh good, we were able to reach you! I was worried it would get intercepted somewhere along the line. So, how have you been doing?” Watchtower’s voice sounded out across the dining hall with just a hint of static.
“We’re doing good! Yeah...” Orin looked across the table at Mera, staring at him as she slowly chewed her greens. “We’re eating dinner right now, though. Can we call you back later?”
“Yeah, sure. Whatever works for you guys. I always forget about time zone differences. Just give me a shout when you’re available.”
“Will do. Talk soon.” Orin turned the communicator over in his hand.
“Alright, talk then!” The absence of the voice somehow made the hall seem that much emptier.
“So... who was that?” Dolphin asked, grinning.
∿∿∿∿∿∿∿∿
“I don’t think any of us fault you for your devotion to Atlantis, Orin. It is a truly incredible place.” Shin said as he flipped over his page. “One last question for the night. Would you say that you’ve met with any... complications with your arrival into the larger global marketplace?”
Mera replied, her quiet voice resonating in the mostly empty room. “Things have been mostly smooth. We’ve been opening up in stages, and things have been running smoothly. The biggest complication has been sorting out the mess of requests for surface visits and trade that we’ve had since we’ve started opening up. Turns out when a whole world suddenly opens up, people want to see it.”
∿∿∿∿∿∿∿∿
The first requests for visas to Atlantis had come in the day before, and Swatt was a bit swamped, to say the least. He was surprised he had found enough filing cabinets in all of Atlantis to keep things in order; he hadn’t bothered to count the requests, but there must have been at least a few hundred. And each one had to have a reason for visiting that had to be corroborated with some Atlantean contact, and they had to have a background check from their associated government... it had sounded good at the time, but he didn’t know that there would be so much work.
Knocks sounded on the door to Swatt’s office. Fast, three times. Grumbling, Swatt got up and opened the door to find Tula waiting for him. “We’ve got a disturbance out at the trading point. Your assistance is needed as soon as possible.”
“Is that supposed to mean now?” Swatt asked.
“Yes” Tula replied.
“Alright, I’m coming, I’m coming.” Swatt followed Tula, the door left open behind them. Blub the visas, they could wait until another day.
It took a while to reach the outer limits of Atlantis, where the trading point was located. Swatt wished he was able to talk to Tula, but due to only being half-Atlantean he was marginally slower than her, and his breathing was strained just trying to keep up.
A lot of the other Drift soldiers tended to look down on him. It happened, especially considering his origins and relative lack of skill, but Swatt had helped train Tula when she was just a kid coming up through the ranks, and he hoped that she still thought well of him. At least she remembered to go slowly.
When Swatt finally surfaced and pulled himself over the edge of the sea platform that served as the hub, the problem wasn’t immediate. There was no man standing over a bomb, nor was there a boat full of rice that needed to be paid for, cash on delivery.
As he clambered onto the platform, everything looked normal. That is, until Tula brought him over to a Black woman with two young children, standing together next to a speedboat at the edge of the platform. “I’ve been here an hour waiting for someone who can see to let us know if you guys can take us as immigrants yet. Couldn’t find anything saying for sure online so I just figured I’d come and see what you guys can do.”
There was a hiss as Swatt removed his helmet. “We don’t have anything set up in stone yet, but we might be able to work with existing laws, set something up real quick. I’ll talk to the king, see what I can do.”
She nodded, optimism tinging her voice. “Thank you. I don’t want a part in any country that’s gotten to the point that Lex Luthor might turn out as president.” She spat out Luthor’s name spitefully.
Swatt pulled his helmet back on and dove into the ocean.
A couple hours later, he returned. “Alright, I’ve drafted up this basic immigration law, nothing fancy but it’ll do, and I got the Queen to sign it. I’ve got somebody to bring up suits for you and your children. Had to guess at the sizes, but they should be close. Is it alright if you come to my office for some forms?”
She nodded, a smile on her face. “Thank you so much for all of this, I never meant to cause so much trouble, I swear.”
“We needed immigration law anyways, ma’am. Don’t worry too much about it.” Swatt looked at the setting sun across the waves. Another day gone. But at least he had gotten something done, helped somebody out. In the end, wasn’t that always the goal?
∿∿∿∿∿∿∿∿
“I’ll end it here then. Orin, Mera, I’m glad to have met you. Hopefully I can come visit your great civilization soon.” Shin stood up, holding his papers under his arm.
“We’ll be happy to have you.” Orin said, stretching.
After Shin left the room, Orin turned to Mera. “So, what’d you think?”
“Easier than you were making it out to be.” She headed for the exit.
“Come on, Mera, you’re telling me you weren’t nervous?” Orin followed after her.
She punched his arm. “Don’t take it so seriously, I was just joking. Yes, I was nervous. But thank you, for taking the lead.”
Rubbing his arm, Orin grinned. “Alright then, let’s head back to Atlantis. Can’t let the work pile up too much.”
Mera smiled. “Lead the way.”
NEXT TIME Orin and Garth have both been manipulated by N.E.M.O., despite their best efforts. Backed into a corner, they need to decide their next courses of action. Will they join together, or will rising tensions force them apart? Breach reaches its conclusion!
Coming December 1 in Aquaman #38! << |
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