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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 fun and games in the 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 video gaming companies to continue treating the drug as an unlawful substance.

Nevada gaming officials say any casino within the continuing state that invests in a company related to marijuana is putting their gaming license in danger.

This week in Las Vegas with the first sales of recreational marijuana in Nevada scheduled to begin July 1, the Gaming Commission reiterated its anti-pot position during a licensing hearing.

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 report in the Las Vegas Review-Journal. ‘However, we have employees that can legitimately consume this stuff we treat alcohol so we treat marijuana very similarly to the way. For it and, similar to alcohol, if there’s some problem, they will be disciplined accordingly.

 

Crown Resorts Looks to Sell Las Vegas Property for $400 Million

Crown Resorts Looks to Sell Las Vegas Property for $400 Million

Crown Resorts desires to make a deal for its vacant acreage on the Strip simply north of Fashion Show Drive in Las Vegas, but only for the price that is right.

Crown Resorts is offering its land that was allowed to be the home of Alon vegas, and also the home comes with some rather prominent neighbors.

In late 2016, Crown announced it was abandoning Alon, a planned casino that is 1,100-room across from Wynn nevada. The Australian hospitality and entertainment conglomerate is currently looking to market the 34.6 acres where the project was become built for $400 million.

And the listing that is massive has a caveat: the buyer is actually only getting ownership in 18.4 acres, due to the fact remaining 16.2 comes an element of the package through a lease. Which means each acre fully purchased will be sold at $21.7 million.

CBRE Group, a realty firm that recently executed the Las Vegas Raiders’ land acquisition, is listing the property. The realtor that is commercial the Alon location warrants the cost.

‘This is one of the very exciting properties to become for sale in vegas in a time that is long’ CBRE broker John Knott stated in a press release.

Crown Resorts’ shareholder that is largest remains its founder, James Packer. The billionaire resigned from serving as chairman in August of 2015, but remains a director that is active.

Crowning Achievement

Should Knott manage to find a buyer for Crown’s property, the pur

 

FA Quits Ladbrokes Sponsorship Deal After Player Betting Controversies

FA Quits Ladbrokes Sponsorship Deal After Player Betting Controversies

The Football Association, English Soccer’s regulating body, has severed its four-year sponsorship deal with Ladbrokes after just one season.

The FA announced on Thursday it would be not just cutting short its cope with Ladbrokes, worth some £4 million ($5 million) each year, but additionally will likely be banning all commercial sponsorship deals between betting companies and the FA now and in the long run.

Ladbrokes will no longer be the official bookie of the FA, as English soccer’s governing body reassesses popular betting shops to its relationship.

The relationship involving the FA and gambling has come under increased scrutiny, due to a few player that is high-profile scandals. The attention comes at time when English soccer gets more involved with betting businesses. (Currently 50 per cent of Premier League teams have a bookmaker or other gambling operations as their sponsor that is uniform.

Most recently, Burnley player Joey Barton was handed a 18-month suspension after he admitted to putting 1,260 bets on soccer matches since 2004. At 34-years-old, the midfielder says the ban on all activities related to soccer will end his career effectively.

Barton publicly criticized the FA on social media for failing to acknowledge its clear conflict of interest in regards to gambling.

‘If the FA is truly seriously interested in tackling the culture of gambling in football, it needs to appear at its own r

 

FBI Nabs Russian Mob that Hacked Casino Slots and Stole Five Tons of Chocolate

FBI Nabs Russian Mob that Hacked Casino Slots and Stole Five Tons of Chocolate

A gang of sweet-toothed, casino slot-machine-hacking Russian mobsters was busted by the FBI in New York on Wednesday, its people charged with running a crime empire that is sprawling.

The Russian criminal gang arrested in ny had been behind a ‘dizzying array of criminal schemes’ including the trafficking and theft greater than five a great deal of chocolate.

In addition to casino fraud, the outfit allegedly engaged in racketeering, narcotics, firearms offenses and murder-for-hire, along with the theft and trafficking of over five a lot of free real money casino no deposit illegal chocolate into the United States, according to the indictment.

Thirty-three alleged members of the so-called ‘Shulaya Enterprise’ are now actually under arrest, as an element of a joint investigation between the FBI, Customs and Border Protection, therefore the New York Police Department. The majority were detained in the Brooklyn area.

‘The dizzying array of criminal schemes committed by this crime that is organized allegedly include a murder-for-hire conspiracy, a plot to rob victims by seducing and drugging all of them with chloroform, the theft of cargo shipments containing over 10,000 pounds of chocolate, and a fraudulence on casino slot machines using electronic hacking products,’ said Acting Manhattan US Attorney Joon Kim.

Illegal Poker Den

In line with the indictment, Razhden Shulaya, 40, of New Jersey, and Zurab Dzhanashvili, 37, of Brooklyn, t

 

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Singapore Casinos Find Collecting Debts from High Rollers Difficult

Lending money to big style gamblers is simple for Singapore gambling enterprises, but gathering on those debts is time-consuming and difficult. How many VIP clients who are in debt to gambling enterprises is increasing and becoming more of an problem.

VIP casino customers, like China table tennis gold medalist Kong Linghui, aren’t paying back gambling debts to Singapore casinos, forcing operators to sue to reclaim their money.

Bloomberg reported that in 2013, just two clients were sued to recover money owed, but by a later, that number had jumped to 49 year. Most big shots utilize the solutions of junket operators, whom act as facilitators for casinos, guaranteeing an amount that is certain of from China’s wealthy gamblers.

The situation is there are only three such organizations in Singapore, in place of approximately 200 in Macau, another spot that is popular Chinese citizens.

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

Debt Collecting a Challenge

Further complicating the problem are China’s ordinances on legal actions. Singapore doesn’t have an enforcement that is reciprocal of with all the country, aside from with Hong Kong. Petitioners must sue the defendant in their countake to that is own try to obtain a judgment in China.

Gambling enterprises will also be hesitant

 
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