Two-Year Investigation Causes Super Bowl Party Raid

It’s really a Definite Maybe the next time for Christie on online Gambling for brand New Jersey

Saying ‘now is the time for our state to move forward, again at the forefront for the nation, by becoming one for the first states to permit Web gaming,’ New Jersey Gov. Chris Christie ironically once more this week vetoed his state’s draft that is latest of A web gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency issues for companies online that is seeking gambling, Christie nonetheless showed a glimmer of hope for passing of revised versions of the bill to come, possibly as early as March.

Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can be addressed’ easily with a newly worded measure.

At risk are huge amount of money in potential revenue, especially key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in part as a result of the ravages of Hurricane Sandy. Also impacting brand New Jersey’s ailing land casino marketplace is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and nyc. Revenues have now been dropping steadily since 2006, and hit a low of just over $3 billion a year ago from a 2006 total of $5.2 billion.

Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly squeezed his Continue reading Two-Year Investigation Causes Super Bowl Party Raid

Chang Takes Down WPT Event for over a Million

Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and former Wynn director Kazuo Okada, along side three other directors of his Universal Entertainment Corp., for a closed-door hearing next week. It is all right part of the Control Board’s ongoing research into allegations that $40 million in payments had been designed to Rodolfo Soriano, one of Universal’s casino project consultants in the Philippines. Probably the insinuation is that Soriano received the cash to grease some Filipino palms, but we would never imply such thing, of course.

We could only report that both the FBI and the Philippines’ equivalent, the National Bureau of Investigation, are looking to the matter to see if anything improprietous ended up being done. Universal Entertainment has maintained that it acted lawfully in the Philippines; most likely, who doesn’t give their specialists $40 million as a token of these esteem?

Meanwhile, no body’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Possibly that’s why they call it hush cash.

No Wrongdoing Alleged

This is certainly where we need to explain that nobody has actually or officially been accused of doing such a thing, particularly anything wrong. But you can see how it may look funny is all.

All this falls on the heels of Okada’s recent resignation slash firing from the Board of Directors of Wynn Resorts; sensing he Continue reading Chang Takes Down WPT Event for over a Million