Archive for the ‘Slots’ Category

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out It’s been years in the making, but Japan spurred on by the promise for the 2020 Tokyo Summer Olympic Games appears to be finally creating a real push towards legalizing land gaming into the island country. Information reports from Reuters state a draft that is solid of gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before 12 months’s end for very early 2014 passage, God willin’ and the crick don’t rise. Baby Steps Towards Legalization At Last Even if that happens on schedule, however, it might take another two years for the legislators to drum up a more in-depth overview that is regulatory which often would at long last open the road towards bonafide legal gambling enterprises to start being built. The objective, of course, being to own everything up and prepared to move over time for those all-important tourists to manage to drop some chunks of modification when they come to Japan for those summer games. As we have been seeing advertising nauseum of late, corruption, crime and gambling appear to often rest within the same bed together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards to their casino regulations. These include creating a gambling that is independent who in turn oversee the license application procedure, since well as making it mandatory for any licensees to have a decade’s worth minimum of their tax, banking and credit home elevators all their top-level executives designed for review. And not soleley the execs that are actual but most of the executives’ family unit members will also be scrutinized, presumably so no one can hide anything by putting it in a partner’s or sibling’s or son’s or daughter’s name. Oversight Group Will Be Cabinet-Level The regulatory body will be set as a de facto case group, because of the aim it not beholden to any particular Japanese ministry in its dealings for it being to make. That, in turn, is likely to minimize the chance for graft or coercion by some of the mob that is japanese the so-called ‘Yakuza’ organized crime syndicates whom might try to get their arms into the casino cookie jar. In presenting the plan’s principles, legislators said the idea that is overall to make sure ‘the hurdles to enter business must certanly be set high … With proper regulation and enforcement … there’s absolutely no reason for casinos to become hotbeds of criminal activity.’ Also in the start-up regulatory proposal are calls for limits to be set on how many casinos can be approved within the first stages, to ensure that regulations will be enforced and the overall impact of these entities on the population at big could be assessed. And while the obvious choices of major metropolitan centers such as Tokyo and Osaka will in all probability be the very first locales for these new legal gambling enterprises, there are also provisions into the intends to make sure that some smaller towns and cities could also be taken into consideration for future tasks. Purchasers and Sellers Dance the Dance with Atlantic City Casinos Everybody wants a piece of Atlantic City’s casinos these full days, it appears Ah, the Atlantic Club in Atlantic City: the girl that everybody wants to rest with, but nobody will marry. This New Jersey land gaming joint keeps on finding brand new suitors, however, and now a brand new one has popped through to the horizon: a local attorney-slash-entrepreneur, George Miller, who’s developed an investment group utilizing The Flynn Company CEO Kevin Flynn of Philadelphia. Apparently, this estate that is real are eyeing all forms of East Coast gambling enterprises, with the target of firming something up before New Year’s 2014 strikes midnight regarding the clock. Atlantic Club Simply One Contender While Miller won’t come right out and state who is searching like they will be getting a diamond just yet, he did inform the Press of Atlantic City his team hasn’t eliminated the Atlantic Club being a contender, but that they were ‘looking all over the spot’ for just the right spot to make their deal. The situation is created a bit more interesting in that both Miller and Flynn hold very small stakes in A caesars-run pennsylvania property; albeit just a 0.25per cent stake each. Press of Atlantic City interviewer Donald Wittkowski implies that this minor alliance could help the duo, as Caesars has four casinos in Atlantic City and could be prepared to part with one. You might recall that Caesars’ international debt-load is sky-high, and some cash right now might be significantly more than welcomed as a number of their records are coming due in 2015. Rumors are that possibly Trump Plaza, Golden Nugget and Revel along with Caesars’ Showboat might all be getting glances that are sexy Miller and Flynn right now. A lot of Inventory Shared It looks like it’s a sellers market these times, though; also in line to buy something in Atlantic City most likely to then get in position to get a gaming that is interactive for AC’s imminent Internet launch are outfits like PokerStars, possibly Kentucky’s Churchill Downs horse racing operation, and even Philly’s SugarHouse casino owners are considered seeking to expand into the Atlantic City market. British operators 2UP Gaming is also reported to be thinking about AC, backed apparently by the unnamed Asian mogul. One of the properties letting it be known they could be readily available for the right cost are the now-infamous Atlantic Club, the Plaza (which killed a potential handle the western Coast’s Meruelo Group for $20 million when the casino’s main mortgage holder Carl Icahn said ‘I don’t think therefore’ to the low-ball offer), as well as the Golden Nugget and poor ol’ Revel, which simply can not appear to stand up, it’s so debt-heavy during the top. Needless to say, you may wonder why a town whose casinos are doing so generally awful into the net earnings division has been therefore eagerly courted by a lot of these days, and the answer that is obvious both the interactive gaming potential (you can’t obtain an online operator’s license without possessing a land casino) too as the seemingly vague potential for the legalization of sports betting in Atlantic City’s land casinos, which includes been shot down more times than an Iranian war plane over the White House. Regardless, Miller claims his investment group is doing its diligence that is due about market. Despite Atlantic City’s crappy revenue ledgers the previous couple of years, he says he views ‘a lot of good in the horizon.’ Caesars Entertainment Rearranges Deck Furniture for Debt Restructuring Caesars Entertainment is doing lots of restructuring, but will it help their financially ship that is sinking? Can this amount of Titanic debt be salvaged from dragging the ship towards the base associated with the economic ocean? That’s the question being asked as Caesars Entertainment Corp. put Planet Hollywood one of their kingpin Las vegas, nevada Strip properties in to a new holding company, along side the Interactive Division and the still-being-built Horseshoe Casino Baltimore. The organization has instructed its shareholders that they have only until Oct. 17th to obtain in for a stock fire sale to bring in $1.18 billion in much-needed money infusions as well. And also you thought your garage sales were busy. Shareholders Can Buy Stocks First The Securities and Exchange Commission (SEC) filing made by Caesars announces that shareholders can get first dibs on one share all of the newest Caesars Acquisition Co. (CAC) for every single share for the existing parent business they own. This restructuring is into the works because this past Spring, and was formally approved by the Nevada Gaming Control Board in July. The newly formed CAC will be a partial owner of the also newly created Caesars Growth Partners, and along with Caesars Entertainment (are you dizzy yet?), the new entity will own Planet Hollywood, the Baltimore under-construction property, and Caesars Interactive Entertainment, which, of course, spearheads the World Series of Poker (WSOP) real money online poker brand that just recently launched for Nevada Internet players under the restructuring. Now you might think the idea of all this fundraising is to pay the company down’s massive current debt, but evidently, they’ve been studying the White home financials, because they say the raised funds will go towards new casino jobs in the U.S., in addition to more online development, in conjunction with 888 Holdings, to acquire a few online casino web sites up and rolling in New Jersey when that state goes online on November 26. They must be in a pissing competition with Obama for the highest debt ceiling that is achievable. Gambling’s Highest Debt Load Think we’re kidding? Caesars has the dubious honor of holding the casino industry’s highest-ever debt that is long-term at $23.5 billion. In early 2014, they shall execute a refi of about $5 billion of that, and got about $200 million towards that amount in a stock sale already. This debtload that is somewhat scaryn’t be seemingly deterring anyone from teaming up with the gaming behemoth though; Detroit-based Rock Gaming is in on a joint venture with Caesars to own and operate the $400 million Horseshoe Baltimore once it’s completed and willing to start in 2015. And Suffolk Downs Racetrack in Boston has gone into partnership aided by the business since well, as they attempt to obtain $1 billion casino project accepted and built in Boston in Massachusetts’ Battle of the Casino Giants game. Seems even Caesars Deputy General Counsel Michael Cohen isn’t entirely sure about this restructuring gameplan, but. ‘Compared to our money structure, that isn’t a big change,’ he told the Nevada Gaming Control Board about the organization’s spinoff concept if they signed off on the plan in July. ‘Caesars includes a complete great deal of debt. We think it’s manageable, but others disagree.

Friday, February 28th, 2020

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out<

It’s been years in the making, but Japan spurred on by the promise for the 2020 Tokyo Summer Olympic Games appears to be finally creating a real push towards legalizing land gaming into the island country. Information reports from Reuters state a draft that is solid of gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before 12 months’s end for very early 2014 passage, God willin’ and the crick don’t rise.

Baby Steps Towards Legalization At Last

Even if that happens on schedule, however, it might take another two years for the legislators to drum up a more in-depth overview that is regulatory which often would at long last open the road towards bonafide legal gambling enterprises to start being built. The objective, of course, being to own everything up and prepared to move over time for those all-important tourists to manage to drop some chunks of modification when they come to Japan for those summer games.
As we have been seeing advertising nauseum of late, corruption, crime and gambling appear to often rest within the same bed together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards to their casino regulations. These include creating a gambling that is independent who in turn oversee the license application procedure, since well as making it mandatory for any licensees t (more…)

New York Federal Reserve $1 Billion Cyber Heist Thwarted by Spelling Error, While Casinos Allegedly Helped Funnel $81 Million

Thursday, February 27th, 2020

New York Federal Reserve $1 Billion Cyber Heist Thwarted by Spelling Error, While Casinos Allegedly Helped Funnel $81 Million

It’s quite unimaginable some body could physically rob the newest York Federal Reserve as it is one of many most secure buildings in the world, but cyber thieves had the ability to steal $81 million rather effortlessly. Imagine when they could spell.

The ny Federal Reserve ended up being into the midst of approving a set of exactly what seemed to be authorized transfer requests by the Bangladesh central bank when it came to light that cyber hackers were the ones scheduling the activity that is financial.

If you’re thinking cyber-security measures infiltrated the transfers that are arranged or the CSI and FBI intercepted the trade, or the Department of Homeland Security noticed something just didn’t seem right, well…you’d be incorrect.

The truth is the hackers themselves made a easy spelling error that alarmed Deutsche Bank workers. That prompted the lender to reconfirm with Bangladesh that it did, in fact, want to go millions of dollars from the account held in Manhattan by the New York Fed.

Grade college teachers stress the value and value of proper spelling for their students, and in this instance, poor grammar cost unknown thieves nearly $1 billion.

Exactly What We Know Now

Bangladesh representatives first blamed obligation for the heist on the united states of america, but New York Fed workers stated there was no proof of a hack on its en (more…)

Massachusetts Swings Both real Ways with Casino Vote

Thursday, February 27th, 2020

Massachusetts Swings Both real Ways with Casino Vote

The MGM Springfield is one possible casino coming to Massachusetts in the near future; it got a thumbs up from local voters this week

This past week saw an abundance of voting happening across Massachusetts, including two key votes on proposed casino tasks into the state. The results had been split, giving both casino proponents and their opponents something to crow about.

Hard Rock Hits the Skids

The bigger vote came in town of West Springfield, where there had been a proposal to create an $800 million rough Rock casino. The casino was expected to be one of the key rivals for the Western Massachusetts casino license.

But that project ended up being dealt exactly what might be a deadly blow on Tuesday, after the voters of western Springfield decided to reject the plan in a referendum that is public. About 55% of voters here voted against the casino, with 4,165 coming away up against the project versus just 3,413 for this. The loss came as a surprise to many, while the campaign saw supporters associated with the casino drastically outspend opponents.

That rejection narrows the competition for the casino that is sole in Western Massachusetts. At the brief moment, it seems that only two applicants have a chance at that permit: an MGM project in Springfield, and a Mohegan Sun proposition that would be located in Palmer. The Palmer proposal still needs to be voted on by residents, while the MGM plan was approved by Spring (more…)

Well-Known Singer that is vietnamese Kim Long Gamble Incorrect Time

Thursday, February 27th, 2020

Well-Known Singer that is vietnamese Kim Long Gamble Incorrect Time

Popular Vietnamese folk opera performer Kim Tu Long may have gambled too long at a recent post-performance foray.

Bizarre in the West, proceedings have been initiated against well-known Vietnamese Cai Luong (folk opera) singer Kim Tu Long, after the entertainer was found gambling by police in Tra On District in the Mekong Delta, Vinh Long Province as it may seem to us. Just simple ol’ playing cards and dice and what could be considered relatively low stakes here had been sufficient to obtain the performer charged under Vietnam’s strict policy that is anti-gambling citizens.

Caught Playing Cards for Money

Kim Tu longer is just a well-known and performer that is popular of Luong, a theatrical form of modern people opera which is hugely well-liked by the population in southern Vietnam, especially in the Mekong Delta. According to Senior Lieutenant Colonel Phan Van Minh, a deputy police chief in Vinh Long Province, the artist has now been charged with unlawful gambling, after he was found among 27 other individuals who were all cards that are playing money for a barge anchored during the mouth of Tan Dinh Rivulet, following a performance in June.

Police raided the gambling band and arrested the 27 gamblers, which included two artists that are additional playing on board the barge on June 26th, and seized two decks of playing cards and 22 dice, along with 28 mobiles, VND443 million ($21,120), also as ano (more…)

Elvis Presley Estate Sues Former International Hotel Over Memorabilia Dispute

Thursday, February 27th, 2020

Elvis Presley Estate Sues Former International Hotel Over Memorabilia Dispute

Elvis Presley performing at the then-International Hotel, now the Westgate, right back in 1969. Their estate is now suing the casino to save priceless memorabilia, which it says will be held hostage in a legal dispute.

The Elvis Presley estate is suing the former Overseas Hotel, now the Westgate, an off-strip resort and casino where the legendary performer played 100s of sold out shows, which it claims is keeping many for the King’s treasured personal possessions hostage.

While Elvis was historically renowned for summarily ‘leaving the building’ after nonstop applause and calls for encores back in his performance days, his memorabilia is currently very much stuck inside the building at the Westgate.

The estate filed a lawsuit Monday in Clark County District Court in a bid to recover the precious artifacts lent to the Westgate casino last year in what could be https://queenofthenilepokie.com/ called a ‘Heartbreak Hotel’ moment.

Included in these are many of Elvis’ original stage outfits, their famously ostentatious jewelry, and some letters, because well as the TV remote from his Graceland mansion. April these items all were part of the much-feted, yet ill-fated, ‘Graceland Presents Elvis’ attraction, launched at the Westgate last.

Viva Las Vegas

The Westgate may not be the best-known of vegas’ casino resorts these days, nonetheless it features a history that is big Sin City.

Built by Las Vegas pioneer Kirk Kerkorian as the Internati (more…)