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Cantor Gaming CEO Under Possible Investigation by Feds
Japanese Casino Legislation On Target; Organized Crime Gets Shut Out

It’s been years in the making, but Japan spurred on by the promise of the 2020 Tokyo Summer Olympic Games appears to be finally creating  a push that is real legalizing land gaming within  the island nation. News reports from Reuters say a solid draft of a gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for  early 2014 passage, Jesus willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Even if that occurs on routine, however, it would 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 casinos to start being built. The objective, of course, being to possess everything up and prepared  to roll with  time for those tourists that are all-important be able  to drop some chunks of change once  they come to Japan for those summer games.
As we have  been ad that is seeing of late, corruption, crime and gambling seem  to often rest in  the exact same sleep together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards into  their casino regulations. These generally include producing a gambling that is independent who does in change oversee the license application process, since well as making it mandatory for any licensees to enjoy  a decade’s worth the least their tax, banking and credit informative data on each of  their top-level executives available  for review. And not just the execs that are actual but all  the executives’ relatives 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 probably  be set as a de facto case group, with  the aim it not beholden to any particular Japanese ministry in its dealings for it being to make. That, in turn, is supposed  to minimize the likelihood for graft or coercion by some of  the mob that is japanese the so-called ‘Yakuza’ organized crime syndicates who might try getting their arms into the casino cookie jar.
In presenting the plan’s concepts, legislators said the idea that is overall to ensure ‘the hurdles to enter the business enterprise is set high … With proper regulation and enforcement … there is absolutely  no reason for gambling enterprises to become hotbeds of unlawful activity.’
Also in the start-up regulatory proposal are requires limits to be set on how  many casinos can be approved within  the first stages, to ensure  that laws will be enforced and the overall impact of these entities in  the population at big are assessed. And while the most obvious choices of major metropolitan facilities such as Tokyo and Osaka will most likely be the  first locales for these  new appropriate gambling enterprises, there are also provisions within  the intends  to make certain  that some smaller cities could additionally be taken into consideration for future projects.



Purchasers and Sellers Dance the Dance with Atlantic City Casinos


Everybody wants a piece of Atlantic City’s casinos these full days, this indicates

Ah, the Atlantic Club in Atlantic City: the lady that everybody wants to sleep with, but nobody will marry. This New  Jersey land gaming joint keeps on finding  new suitors, however, and now a new one has popped through to the horizon: a local attorney-slash-entrepreneur, George Miller, who’s created 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 casinos, with the goal of firming something up before New 12 months’s 2014 strikes midnight in  the clock.
Atlantic Club Simply One Contender
While Miller won’t come right away and state who is looking like are going to getting a diamond just yet, he did tell the Press of Atlantic City their team hasn’t eliminated the Atlantic Club as being  a contender, but that they were ‘looking all over the area’ for just the right spot to make their deal.
The situation is manufactured a bit more interesting in  that both Miller and Flynn hold very small stakes in A pennsylvania that is caesars-run property albeit only  a 0.25% stake each. Press of Atlantic City interviewer Donald Wittkowski shows  that this minor alliance could help  the duo, as Caesars has four casinos in Atlantic City and may be prepared  to part with one. You might recall that Caesars’ international debt-load is sky-high, and some cash right now might be more than welcomed as a number  of their notes are coming due in 2015. Rumors are that possibly Trump Plaza, Golden Nugget and Revel along with Caesars’ Showboat might all be getting sexy glances from Miller and Flynn right now.
 A great amount  of Inventory Shared
It looks like it is a sellers market these days, however; also in line to buy something in Atlantic City almost certainly to then get constantly in place getting an interactive video gaming license for AC’s imminent Internet launch are clothes like PokerStars, possibly Kentucky’s Churchill Downs horse racing operation, as well as Philly’s SugarHouse casino owners are considered trying  to expand to  the Atlantic City market. British operators 2UP  Gaming is also reported become interested in AC, backed evidently by the unnamed Asian mogul.
Among the list of properties letting it be known they are able to be available for the right cost are the now-infamous Atlantic Club, the Plaza (which killed a potential cope with the West Coast’s Meruelo Group for $20 million when the casino’s main mortgage holder Carl Icahn said ‘I don’t think so’ towards the low-ball offer), along with the Golden Nugget and poor ol’ Revel, which just can not appear to stand up, it’s therefore debt-heavy during the top.
Of course, you could wonder why a town whose casinos are doing this generally awful within  the net earnings department will be therefore eagerly courted by numerous 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 gambling enterprises, which includes been shot down more times than an Iranian war air plane over the White House.
Regardless, Miller claims his investment group is doing its due diligence about any of it market. Despite Atlantic City’s crappy profit ledgers the past several years, he says he views ‘a lot of good in the horizon.’



Caesars Entertainment Rearranges Deck Furniture for Debt Restructuring


Caesars Entertainment is doing plenty  of restructuring, but will  it assist their economically sinking ship?

Can this number  of Titanic debt be salvaged from dragging the ship towards the base of this monetary ocean? That is  the question being asked as Caesars Entertainment Corp. put Planet Hollywood one of the kingpin Las vegas, nevada Strip properties right into  a new company that is holding 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. seventeenth to obtain in on  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 created  by Caesars announces that shareholders will  get  first dibs on one share each  of the new Caesars Acquisition Co. (CAC) for each share of this existing parent company they own. This restructuring has been into  the works since  this Spring that is past was officially authorized by the Nevada Gaming Control Board in July.
Beneath the restructuring, the newly formed CAC is a partial owner of the also newly created Caesars Growth Partners, and along with Caesars Entertainment (are you dizzy yet?), this new entity will have Planet Hollywood, the Baltimore under-construction property, and Caesars Interactive Entertainment, which, of course, spearheads the World Series of Poker (WSOP) a real income online poker brand that just recently launched for Nevada Internet players.
Now you might think the idea of all this fundraising is to pay straight down the company’s massive existing debt, but evidently, they truly are studying the White home financials, because they state the raised funds will go towards  new casino tasks in the U.S., as well as more online development, in conjunction  with 888 Holdings, to obtain  a few online  casino  sites up and rolling in New Jersey whenever that state goes online on November 26. They must be in a pissing contest with Obama for the greatest achievable debt ceiling.
Gambling’s Highest Debt Load
Think we are joking? Caesars has the dubious honor of keeping the casino industry’s highest-ever long-term debt load at $23.5 billion. In early 2014, they will perform  a refi of about $5 billion of that, and got about $200 million towards that amount in a stock purchase already.
This somewhat scary debtload doesn’t be seemingly deterring anybody 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 utilizing  the ongoing business since well, as they attempt  to manage to get thier $1 billion casino project accepted and built in Boston in Massachusetts’ Battle associated with the Casino Giants game.
Seems even Caesars Deputy General Counsel Michael Cohen isn’t entirely sure about this restructuring gameplan, nevertheless.
‘Compared to our money structure, that is not a big change,’ he told the Nevada Gaming Control Board about the business’s spinoff concept if  they signed off on the plan in July. ‘Caesars has a complete lot of debt. We think it’s workable, but others disagree.

Indian Dreaming Slot - 17. Feb, 2020 - 0 Comments

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out It’s been years in the making, but Japan spurred on by the promise of the 2020 Tokyo Summer Olympic Games appears to be finally creating a push that is real legalizing land gaming within the island nation. News reports from Reuters say a solid draft of a gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for early 2014 passage, Jesus willin’ and the crick don’t rise. Baby Steps Towards Legalization At Last Even if that occurs on routine, however, it would 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 casinos to start being built. The objective, of course, being to possess everything up and prepared to roll with time for those tourists that are all-important be able to drop some chunks of change once they come to Japan for those summer games. As we have been ad that is seeing of late, corruption, crime and gambling seem to often rest in the exact same sleep together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards into their casino regulations. These generally include producing a gambling that is independent who does in change oversee the license application process, since well as making it mandatory for any licensees to enjoy a decade’s worth the least their tax, banking and credit informative data on each of their top-level executives available for review. And not just the execs that are actual but all the executives’ relatives 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 probably be set as a de facto case group, with the aim it not beholden to any particular Japanese ministry in its dealings for it being to make. That, in turn, is supposed to minimize the likelihood for graft or coercion by some of the mob that is japanese the so-called ‘Yakuza’ organized crime syndicates who might try getting their arms into the casino cookie jar. In presenting the plan’s concepts, legislators said the idea that is overall to ensure ‘the hurdles to enter the business enterprise is set high … With proper regulation and enforcement … there is absolutely no reason for gambling enterprises to become hotbeds of unlawful activity.’ Also in the start-up regulatory proposal are requires limits to be set on how many casinos can be approved within the first stages, to ensure that laws will be enforced and the overall impact of these entities in the population at big are assessed. And while the most obvious choices of major metropolitan facilities such as Tokyo and Osaka will most likely be the first locales for these new appropriate gambling enterprises, there are also provisions within the intends to make certain that some smaller cities could additionally be taken into consideration for future projects. Purchasers and Sellers Dance the Dance with Atlantic City Casinos Everybody wants a piece of Atlantic City’s casinos these full days, this indicates Ah, the Atlantic Club in Atlantic City: the lady that everybody wants to sleep with, but nobody will marry. This New Jersey land gaming joint keeps on finding new suitors, however, and now a new one has popped through to the horizon: a local attorney-slash-entrepreneur, George Miller, who’s created 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 casinos, with the goal of firming something up before New 12 months’s 2014 strikes midnight in the clock. Atlantic Club Simply One Contender While Miller won’t come right away and state who is looking like are going to getting a diamond just yet, he did tell the Press of Atlantic City their team hasn’t eliminated the Atlantic Club as being a contender, but that they were ‘looking all over the area’ for just the right spot to make their deal. The situation is manufactured a bit more interesting in that both Miller and Flynn hold very small stakes in A pennsylvania that is caesars-run property albeit only a 0.25% stake each. Press of Atlantic City interviewer Donald Wittkowski shows that this minor alliance could help the duo, as Caesars has four casinos in Atlantic City and may be prepared to part with one. You might recall that Caesars’ international debt-load is sky-high, and some cash right now might be more than welcomed as a number of their notes are coming due in 2015. Rumors are that possibly Trump Plaza, Golden Nugget and Revel along with Caesars’ Showboat might all be getting sexy glances from Miller and Flynn right now. A great amount of Inventory Shared It looks like it is a sellers market these days, however; also in line to buy something in Atlantic City almost certainly to then get constantly in place getting an interactive video gaming license for AC’s imminent Internet launch are clothes like PokerStars, possibly Kentucky’s Churchill Downs horse racing operation, as well as Philly’s SugarHouse casino owners are considered trying to expand to the Atlantic City market. British operators 2UP Gaming is also reported become interested in AC, backed evidently by the unnamed Asian mogul. Among the list of properties letting it be known they are able to be available for the right cost are the now-infamous Atlantic Club, the Plaza (which killed a potential cope with the West Coast’s Meruelo Group for $20 million when the casino’s main mortgage holder Carl Icahn said ‘I don’t think so’ towards the low-ball offer), along with the Golden Nugget and poor ol’ Revel, which just can not appear to stand up, it’s therefore debt-heavy during the top. Of course, you could wonder why a town whose casinos are doing this generally awful within the net earnings department will be therefore eagerly courted by numerous 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 gambling enterprises, which includes been shot down more times than an Iranian war air plane over the White House. Regardless, Miller claims his investment group is doing its due diligence about any of it market. Despite Atlantic City’s crappy profit ledgers the past several years, he says he views ‘a lot of good in the horizon.’ Caesars Entertainment Rearranges Deck Furniture for Debt Restructuring Caesars Entertainment is doing plenty of restructuring, but will it assist their economically sinking ship? Can this number of Titanic debt be salvaged from dragging the ship towards the base of this monetary ocean? That is the question being asked as Caesars Entertainment Corp. put Planet Hollywood one of the kingpin Las vegas, nevada Strip properties right into a new company that is holding 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. seventeenth to obtain in on 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 created by Caesars announces that shareholders will get first dibs on one share each of the new Caesars Acquisition Co. (CAC) for each share of this existing parent company they own. This restructuring has been into the works since this Spring that is past was officially authorized by the Nevada Gaming Control Board in July. Beneath the restructuring, the newly formed CAC is a partial owner of the also newly created Caesars Growth Partners, and along with Caesars Entertainment (are you dizzy yet?), this new entity will have Planet Hollywood, the Baltimore under-construction property, and Caesars Interactive Entertainment, which, of course, spearheads the World Series of Poker (WSOP) a real income online poker brand that just recently launched for Nevada Internet players. Now you might think the idea of all this fundraising is to pay straight down the company’s massive existing debt, but evidently, they truly are studying the White home financials, because they state the raised funds will go towards new casino tasks in the U.S., as well as more online development, in conjunction with 888 Holdings, to obtain a few online casino sites up and rolling in New Jersey whenever that state goes online on November 26. They must be in a pissing contest with Obama for the greatest achievable debt ceiling. Gambling’s Highest Debt Load Think we are joking? Caesars has the dubious honor of keeping the casino industry’s highest-ever long-term debt load at $23.5 billion. In early 2014, they will perform a refi of about $5 billion of that, and got about $200 million towards that amount in a stock purchase already. This somewhat scary debtload doesn’t be seemingly deterring anybody 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 utilizing the ongoing business since well, as they attempt to manage to get thier $1 billion casino project accepted and built in Boston in Massachusetts’ Battle associated with the Casino Giants game. Seems even Caesars Deputy General Counsel Michael Cohen isn’t entirely sure about this restructuring gameplan, nevertheless. ‘Compared to our money structure, that is not a big change,’ he told the Nevada Gaming Control Board about the business’s spinoff concept if they signed off on the plan in July. ‘Caesars has a complete lot of debt. We think it’s workable, but others disagree.