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Sportsbook.com Favors Trojans
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NEW YORK - (PRESS RELEASE) -- A perfect record so far, the number one ranked USC Trojans take it on the road to Arizona State against the 14th ranked Sun Devils. Sportsbook.com list the mighty Trojans as a 16.5 point favorite in what could be a season defining game in the PAC Ten conference. Sportsbook.com is also the first to place an early line on a possible BCS Championship game between USC and Texas. Odds makers favor the Trojans over the Longhorns by 10.5 points.
But the biggest game of the week with bettors across the country is the annual Michigan versus Michigan State rivalry. The 11th ranked Spartans host the Wolverines as 5 point favorites. Michigan desperately needs a win after falling off the AP rankings for the first time in seven years last week. So far, 75 per cent of all bets have come in on the Spartans to cover the spread.
This week's action also features a huge SEC match-up between the 5th ranked Florida Gators and the 15th ranked Alabama Crimson Tide. This is the first time these two SEC powerhouses have met as unbeaten teams since 1964. The visiting Gators are listed as 3.5 point favorites.
In other big games, 12th ranked California is listed as a 16 point favorite over Arizona and UCLA, ranked 20th is a 21 point favorite against Washington. Purdue is taking on 22nd ranked Notre Dame. The 11th ranked Purdue Boilermakers play inter state rivals Notre Dame and will be eager to grab a win coming off a crushing loss to Minnesota last week. Notre Dame is looking to build a winning streak after a convincing win over Washington. The Boilermakers are favored by a 3 point margin over the Fighting Irish.
"There are a lot of great games to look for this week. After pounding Oregon last week the Trojans proved they are the best in the country", said Peter Childs, oddsmaker at Sportsbook.com. "Even though Michigan has fallen off the map, their game against the Spartans should be another classic." GB Holdings Files for Bankruptcy GB Holdings, Inc., a minority stockholder of Atlantic Coast Entertainment Holdings, Inc., has filed for bankruptcy.
ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- GB Holdings, Inc., a minority stockholder of Atlantic Coast Entertainment Holdings, Inc., today filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. GB Holdings has stated that it does not currently have the capital necessary to pay its 11% Notes that come due today. GB Holdings holds a 28% common stock interest (fully diluted) in Atlantic Coast Entertainment Holdings.
The bankruptcy of GB Holdings, while significant to the stockholders and noteholders of GB Holdings, is irrelevant to Atlantic Coast Entertainment Holdings, which owns and operates The Sands Hotel and Casino in Atlantic City, New Jersey. As a minority stockholder in Atlantic, GB Holdings' bankruptcy will in no way affect the operation or business decisions of The Sands. As a result of an exchange offer conducted last year and prior conversions of debt to common stock, The Sands is fiscally sound with very little debt and a positive net worth of $143 million, as of June 30, 2005. The Sands can, and will, move forward with its current operations and its anticipated plans for an even greater presence in Atlantic City and is planning an expansion program to add up to 1,000 rooms to its facilities.
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