Massachusetts Pro-Casino Referendum Takes the Day

Massachusetts Pro-Casino Referendum Takes the Day

Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally progress following a referendum vote supporting casinos passed away night that is last.

Residents of Massachusetts have plumped for to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, because the polls had predicted.

Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked whether the statutory legislation is repealed, with 59.5 per cent to 40.5 percent deciding that no, it will not be repealed, meaning that yes, they desired casinos.

Some commentators have suggested that the language used in posing the relevant question was deliberately muddled and created to confuse.

Nonetheless, it is a victory for MGM and Wynn Resorts, who may have had their respective projects offered the greenlight by regulators and who can now finally and definitely go forward with the certification process, a privilege which is why they will fork out $85 million a piece before a cornerstone that is single set.

Not surprisingly, casino executives had been jubilant and anxious to emphasize just what the casinos will do for their future communities.

‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 permanent job opportunities and significant financial benefits given by the Gaming Act of 2011,’ said pleased MGM Chairman Read more “Massachusetts Pro-Casino Referendum Takes the Day”

UK Gambling Act Delayed by Gibraltar Legal Challenge

UK Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that the united kingdom Gambling Act should be postponed for a month.

The UK Gambling Act was delayed by 30 days, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled to come into impact on October 1, but will now be pushed back to November 1.

The GBGA issued the process in the High Courts in an attempt to derail what it has known as a misguided piece of legislation and a ‘wholly unjustified, disproportionate and interference that is discriminatory the proper to free movement of services.’

The act requires all online gambling operators to hold a UK license and spend a 15 percent tax on gross gaming income if they desire to engage aided by the UK market. Previously operators that are such be licensed in a quantity of jurisdictions around the globe, certainly one of which was Gibraltar. These jurisdictions have been approved, or ‘white-listed’, by the federal government in Westminster beneath the 2005 Gambling Act.

Legislation Unnecessary?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers towards the unlicensed market that is black as the UK regulated sites will not manage to compete, thus failing in its stated aim o Read more “UK Gambling Act Delayed by Gibraltar Legal Challenge”

Three Wynn that is original Everett Indicted for Fraud

Three Wynn that is original Everett Indicted for Fraud

Charles Lightbody, pictured right here, too as two others are accused of conspiring to hide Lightbody’s ownership stake in land that was sold to Wynn Everett for the Everett, Massachuetts casino.

Three of the original owners of the land now destined to be the Wynn Everett casino in Everett, Massachusetts have been indicted by state and authorities that are federal. They allege that the men defrauded Wynn Resorts and lied to state regulators by hiding the identity of their partners. The indictment shouldn’t impact on Wynn’s winning bid to build the $1.6 billion resort.

Lightbody Ownership Stake Hidden

According towards the federal indictment, three owners of this land went out of their method to cover the fact up that Charles Lightbody, a known Mafia associate and a convicted felon, was one of many lovers who owned the land. These people were said to have feared (and perhaps rightly so) that the Wynn bid for the Greater that is only Boston-area license could possibly be discounted if Lightbody had been recognized to become a part of the land sale.

The three defendants each face federal fraud charges that could land them with up to 20 years of jail time. State fraud charges could carry another five also years in jail for each man. Lightbody has been held without bail until a hearing week that is next even though the other two landowners, Anthony Gattineri and Dustin DeNunzio, were released after their very first heari Read more “Three Wynn that is original Everett Indicted for Fraud”

California Files Lawsuit Against Iipay Nation of Santa Ysabel

California Files Lawsuit Against Iipay Nation of Santa Ysabel

slot freebies quick hits

DesertRoseBingo.com, which the Iipay Nation of Santa Ysabel launched earlier in the day this month. California desires to pull the plug.

The Iipay Nation of Santa Ysabel is facing a lawsuit that is federal their state of California over its online gaming activities. The state wishes the plug pulled on the go-it-alone operator that is tribal earlier this month launched its online bingo service, Desertrosebingo.com. The tribe has additionally established its intention to offer online poker to Californians, irrespective of whether the state chooses to legalize and regulate it or otherwise not, and has consistently said the launch of its on-line poker site, PrivateTable.com, is ‘imminent.’

While the tribal operator believes it ‘is exerting its sovereign right beneath the Indian Gaming Regulatory Act (IGA) to regulate and conduct Class II gaming from the tribe’s reservation,’ the 14-page lawsuit issued by the California Attorney General this week asserts that the tribe’s actions are ‘an imminent threat to your general public health, security, and welfare.’

The state is seeking ‘orders temporarily restraining, and permanently enjoining, the Tribe’s providing and performing Internet gambling in breach for the Compact plus in violation of state and federal legislation.’

Breach of State Gaming Compact

‘This action seeks appropriate injunctive relief to stop unlawful Internet gambling; Defendant Iipay country of Santa Ysabe Read more “California Files Lawsuit Against Iipay Nation of Santa Ysabel”