Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is attempting to block legislation in Pennsylvania that would allow movie video gaming terminals (VGTs) in truck stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding team to fight proposed legislation that threatens his hold on gambling task into the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the fight against House Bill 1010, which will permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.

There are currently almost 27,000 VGTs in Pennsylvania, all of them in the state’s 12 casinos. The number could more than double if HB 1010 passes.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized VGT locations certainly could hurt established gaming facilities.

‘That’s an insane wide range of vgts, and we’ve heard of impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from casinos, but they shall have the pain, no doubt.’

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Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created lobbying organ Continua a leggere

Colorado Casino Exec Provides Nevada Regulators Perfect Answer on Recreational Pot

Colorado Casino Exec Provides Nevada Regulators Perfect Answer on Recreational Pot

Marijuana isn’t all enjoyable and games in the optical eyes of the Nevada Gaming Commission. Though Nevada voters legalized recreational pot in last fall’s November election, the five-member regulatory panel has publicly warned gaming companies to continue treating the drug as an unlawful substance.

Nevada gaming officials say any casino into the state that invests in a company related to marijuana is putting their gaming license at risk.

Because of the first sales of recreational marijuana in Nevada scheduled to begin July 1, the Gaming Commission reiterated its anti-pot place within a licensing hearing this week in Las Las vegas.

Jacobs Entertainment was before the Commission to get authorization to operate the Sands Regency Casino Hotel in Reno. Jacobs purchased the property from Truckee Gaming year that is late last.

The Gaming Commission unanimously authorized Jacobs’ application, but not before Chairman Tony Alamo asked a representative for the company based in Golden, Colorado, about its cannabis policies.

‘Marijuana is unlawful federally,’ Jacobs Entertainment Executive VP Stanley Politano answered, in accordance with a written report in the Las Vegas Review-Journal. ‘However, we have employees that can legally eat this stuff we treat alcohol so we treat marijuana very similarly to the way. Whenever we have an event, we test for this and, exactly like liquor, if there’s some problem, Continua a leggere

Former Mohegan Sun Pocono Exec Sentenced to 32 Months for Bogus Loyalty Card Scheme

Former Mohegan Sun Pocono Exec Sentenced to 32 Months for Bogus Loyalty Card Scheme

A former executive at the Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania happens to be sentenced to 32 months for his role in a scheme that involved the casino’s slots and creating bogus loyalty benefits.

Casino fraudster Robert Pellegrini (seen here in December after pleading accountable) will be investing in dapper suits for inmate orange during a prison sentence that is 32-month. He will also need to pay close to a half-million dollars in restitution to the casino where he once worked.

Robert Pellegrini was VP of player development for the Mohegan Sun when he and two other people concocted a scheme to bilk his companies simply by using customers’ stolen loyalty card PIN numbers to play for free, permitting the gang to help keep the winnings. The operation ran from May 2014 to 2015, before Pellegrini was busted april.

It had been the role of Rochelle Poszeluznyj, a cocktail waitress, to note down players’ loyalty card PIN numbers onto Pellegrini, who would create copies of the cards which he then loaded with free slot money as she served them drinks, before passing them. Then it had been Mark Joseph Heltzel, a person whom had previously been caught cheating at blackjack but was mysteriously not banned, who posed as a regular customer and used the cards to play slots, splitting the winnings among the group.

The court was told the way the trio utilized $478,100 in free slot play to build Continua a leggere

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Lending money to big time gamblers is easy for Singapore gambling enterprises, but gathering on those debts is time-consuming and difficult. The amount of VIP clients that are in debt to casinos is increasing and becoming more of an issue.

VIP casino clients, like Asia table tennis gold medalist Kong Linghui, are not paying back gambling debts to Singapore casinos, forcing operators to sue to reclaim their cash.

Bloomberg stated that in 2013, only two clients had been sued to recover cash owed, but by a year later, that number had jumped to 49. Most big shots make use of the solutions of junket operators, who act as facilitators for casinos, guaranteeing an amount that is certain of from China’s rich gamblers.

The issue will there be are just three such businesses in Singapore, in the place of approximately 200 in Macau, another spot that is popular Chinese citizens.

When customers in the Lion City don’t settle their records, it usually falls regarding the two casinos, Marina Bay Sands and Resorts World Sentosa, to try to recover the bucks.

Debt Collecting a Challenge

Further complicating the presssing issue are China’s ordinances on lawsuits. Singapore doesn’t have an enforcement that is reciprocal of with the country, aside from with Hong Kong. Petitioners must sue the defendant in their own nation, then try to get a judgment in Asia.

Gambling enterprises will also be hesitant to pursue claims because of Continua a leggere