Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn accuses New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.

Business Carl that is mogul Icahn nj-new Jersey State Senate President Stephen Sweeney exchanged harsh words last Friday, with each accusing the other of selling out some portion of Atlantic City for their particular gain. The war of words started after Sweeney took part in protests with union workers from the Trump Taj Mahal, protests of which Icahn proved to become a major target.

Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.

The company claims that the casino will have to close on November 13 unless numerous concessions are granted to it, like the cutbacks in worker benefits and $25 million in help from their state, along side a tax assessment that is reduced.

Workers Blame Icahn

But Icahn proved to be a major figure in the protests. The protesters demonstrated near the Tropicana, that will be owned by a group led by Icahn, and many see him as the true threat to the huge benefits and wages made available from their present positions. In bankruptcy court, Trump Entertainment has required permission to turn over its venue to Icahn by transforming the debt he holds in the company into ow Read more “Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future”

Revere to Sue Massachusetts Gaming Commission Over Everett License

Revere to Sue Massachusetts Gaming Commission Over Everett License

Suffolk Downs Racetrack will be forced to close following Revere casino that is unsuccessful bid.

The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to award the East Massachusetts casino gaming license to Wynn Resorts over Mohegan Sun. Mohegan Sun, which desired to develop a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the license battle last month following a protracted bidding process which cost both sides vast amounts, and at times descended into tit for tat recriminations.

While Wynn now focuses on its vision of building a resort in Everett, just a couple of kilometers to the eastern, Revere is left to pick the pieces up and mourn the resulting closure of this historic Suffolk Downs thoroughbred racetrack.

The horseracing industry had been hit by way of a 40 per cent reduction in recent years and it had been believed that the proposed Mohegan Sun resort would be adequate to save lots of Suffolk Downs, whose owners had pledged to continue operating for at least another 15 years should win the license revere.

In reality, the requirement to safeguard Suffolk Downs was among the primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming into the state and created the Massachusetts casino that is east license. The choice to opt for Wynn Resorts has hammered the nail that is final the thoro Read more “Revere to Sue Massachusetts Gaming Commission Over Everett License”

Daniel Negreanu, Jack McClelland Make Poker Hall of Fame

Daniel Negreanu, Jack McClelland Make Poker Hall of Fame

Dancing into history, Daniel Negreanu and Jack McClelland were known as the 47th and 48th members of the WSOP Hall of Fame

Daniel Negreanu and famous poker tournament director Jack McClelland will be the newest members regarding the Poker Hall of Fame.

The pair have actually become the 47th and 48th poker people to receive the prestigious nomination, and will be inducted at a ceremony on November 9th at Binion’s Horseshoe, the original home of the World group of Poker (WSOP), ahead of in conclusion with this year’s Main Event.

Negreanu and McClelland were picked from friends of 10 nominees, which this season included players that are popular Jennifer Harman, Mike Matusow, Ted Forrest and Huck Seed. Nominees were chosen by general public vote, utilizing the winners then selected by a panel that is 20-person of influential numbers from the poker media, in addition to residing Hall of Famers, including Doyle Brunson, Mike Sexton, Phil Hellmuth, and Barry Greenstein.

Fan Favorite

Negreanu was a popular choice: a perennial fan favorite, the Canadian has had a fantastic 2014, cashing in a great nine events at the WSOP, including that second-place in the Big One for starters Drop, which netted him $8 million. That result made him the biggest tournament that is live of them all, with more than $30 million to his title.

With his indefatigable and garrulous humor that is good few people have inked more to popularize the game of Read more “Daniel Negreanu, Jack McClelland Make Poker Hall of Fame”

North Carolina Sweepstakes Operators Backing Out to Prevent the Law

North Carolina Sweepstakes Operators Backing Out to Prevent the Law

North Carolina authorities have already been struggling with sweepstakes operators within the state for years.

North Carolina may not jump to a lot of people’s minds when they think of contentious United States gambling issues. But the reality is, sweepstakes cafes are a major issue in numerous states, and nowhere gets the battle during these establishments been more prominent compared to North Carolina for the past eight years.

Now, the state generally seems to have won a major victory against what it says are unlawful gambling companies, as six software providers have actually agreed to stop operating there.

That announcement originated in US Attorney Thomas Walker, who says it could be the total consequence of a deal reached between his office therefore the six companies. Under that understanding, Walker won’t be prosecuting any of the businesses or the people that own them, supplied they completely cease operations by July 1.

The six organizations combined operated in over 600 locations in vermont. They include White Sands tech LLC, Sierra Software LLC, TNT Software LLC, Digital show LLC, Figure 8 Technologies Inc., and HSV Entertainment LLC.

‘We hope this action will be a step that is big in ensuring compliance with new york’s gambling laws,’ read a declaration from Walker. ‘Our office is ready to help the state in enforcing major violations regarding the legislation.’

Fight Began in 2006

North Read more “North Carolina Sweepstakes Operators Backing Out to Prevent the Law”