
New York Governor Andrew Cuomo urged a state board to reconsider a Southern Tier casino, but the board’s president states the final decision will not be influenced by the Empire State’s leader.
This new York Southern Tier is waiting on pins and needles for the outcomes of a casino licensing meeting tonight with the State Gaming Facility Location Board.
Tonight’s meeting will see the Board pay attention to reopening the putting in a bid process for the resort in the Southern Tier.
That area of the state has been everyone that is lobbying through ny Governor Andrew Cuomo in a effort to make its case that the location, located near the Pennsylvania border, is worthy of the 4th and final license reserved for upstate New York.
Even the proven fact that the Southern Tier is still in the game is a bit of a success for local politicians and residents. The area was partnered with the Finger Lakes as a solitary region in the casino bidding process, and between the two, were only guaranteed a license that is single. That one ultimately went to the Lago Resort and Casino, a Finger Lakes proposition that was larger compared to bids being released of the Southern Tier.
But people in the spot felt which they’d been passed over in the casino process, when in the day that is same were denied licensing, a hydraulic fracturing (or ‘fracking) ban was placed into devote the state, which could leave the Southern Tier in dire economic straits. That resulted in appeals to the continuing state Gaming Commission and Governor Cuomo to supply the area another chance.
New Meeting Could Open Bidding for Fourth License
That led Cuomo to interest the Gaming Facility Location Board, which in turn made a decision to hold a gathering on Tuesday night in nyc to take into account reopening the bidding in the Southern Tier.
Because the board originally only recommended three casinos for upstate New York, there is certainly still a fourth license that may potentially be awarded. While that license was originally up for grabs in all three upstate regions, however, the board will only be considering offering it to the Southern Tier at this meeting.
That does not sit well with many lawmakers and other observers throughout hawaii. Some believe other areas of New York should also have the chance to bid for that 4th license if it becomes available, while others question how much influence Governor Cuomo has in the casino procedure.
Hudson Valley Officials Want a Shot
At one point in the bidding procedure, it seemed likely that the fourth casino would find yourself in the Catskills/Hudson Valley region, which was probably the most profitable area and saw the many interest from major casino firms. Given its proximity to New York City and the fact that regional competition could be fierce there, Orange County Executive Steve Neuhaus thinks that the region is an integral part of any conversation over the casino license that is final.
‘Given the distinct possibility that casino gambling in nj could expand outside of its current Atlantic City location, such as the Meadowlands, it’s a good idea for brand New York jobs and income that the most productive regions in southern New York be included in this discussion,’ read a statement from Neuhaus.
Cuomo’s Impact Questioned
There are also concerns that Cuomo, who pledged to allow the board working independently, has had too much influence in the licensing process.
‘Every time he says something, he does the contrary when it doesn’t turn the way out he wants it to turn out,’ stated Assemblyman James Tedisco (R-Schenectady). ‘If you are going to say something is independent, keep it independent.’
But members of the facility location board say they’ve been in a position to act separately, without any force from the governor’s office, and that your decision in the Southern Tier will come from them, not from Cuomo.
Washington State Gets its Online Poker that is own Bill
Washington State’s current poker that is online are draconian, which has prompted the push for legislative change. (Image: livingmylifeaway.wordpress.com)
A Washington State internet poker bill is here unexpectedly during the opening associated with state’s new legislative session this week.
The bill to legalize and control online poker, known as HB 1114, is sponsored by Representative Sherry Appleton (D), and comes as a complete surprise to industry observers.
While all eyes have been on the ongoing legislative efforts in Ca, and the debate that is occasional Pennsylvania concerning the possibility of regulation, Washington’s bill ambushed us without warning.
The fact that Washington State may be the state that is only of Union in which the actual act of playing online poker is illegal makes the news headlines even surprising.
Lawmakers managed to make it A class C felony in 2006, with Section 9.46.240 of the state’s gambling legislation declaring that anybody who ‘knowingly transmits or gets gambling information by phone, telegraph, radio, semaphore, the online, a telecommunications transmission system, or similar means’ is violating the law.
What this means is that, theoretically at least, playing online poker could secure you a jail sentence of up to five years and a $10,000 fine.
Also Utah, where all kinds of gambling are strictly illegal, including lotteries, does not get quite this far, although we should mention that no body in Washington State has ever been prosecuted for the work of playing on-line poker.
Washington Internet Poker Initiative
It is probably the draconian nature of Section 9.46.240 that has driven the push for legislative change in this relatively liberal state.
Certainly, the primary crux of the new bill is that prohibition does not work properly, and neither does it adequately protect citizens associated with state, lots of whom carry on to play online poker illegally in unregulated offshore markets.
This can be the message that is crusading of Woodward, of the Washington online Poker Initiative, whose tireless efforts in opposing prohibition have helped make the proposed legislation a truth.
‘It seemed to me personally that Washington State had just been written off online that is regarding, which I found unsettling to state the minimum. Someone had to step-up and raise the problem or we would have been a forgotten corner that is little the Northwest,’ Woodward told PokerNews this week. ‘I had reached out to every solitary candidate that is legislative to your 2014 elections.
Representative Appleton has become a cosponsor on a few tries to reduce or eliminate the penalty that is criminal players, and she was initially receptive of the idea and was certainly one of a number of legislators I centered on. I got in touch with her again following the election, and she readily took on the bill for all of us.’
A Blueprint for future years
The bill it self believes that numerous of this details that are legislative be fleshed out by the Gaming Commission and therefore will not propose a level of taxation, nor does it make no mention of bad actors.
It will, however, suggest that there must be two levels of licensing, one for network operators and something for consumer-facing online poker rooms, and it would also leave the hinged door open for interstate pool sharing, at the governor’s discretion.
Moreover, there is also a hope that the bill may one day serve as a blueprint for other states looking to legalize poker that is online the long term.
‘ Having the top operators provide as networks, with neighborhood skins competing for players, creates the best opportunity for wide participation, without splintering player liquidity. The greater interests that are local to participate, the less opponents there will be among them,’ said Woodward.
Caesars Entertainment Goes for Bankrupt, While Creditors Decry Restructuring Arrange
Caesars Palace is run by Caesars Entertainment Operating Company, Inc., which has filed for Chapter 11 bankruptcy. However, all Caesars properties will continue to be open during the process, says CEO Gary Loveman. (Image: lasvegas.se).
Caesars Entertainment Corp. (CEC) announced the filing of voluntary Chapter 11 bankruptcy this week for its main working unit, Caesars Entertainment Operating Company Inc. (CEOC).
The move was a bid to alleviate some of its astronomical $23 billion debtload, the majority of which will be held by the device. CEOC listed around $12.4 billion in assets and $19.9 billion in liabilities in Chapter 11 documents on Thursday.
The subsidiary as well as its affiliates employ about 32,000 people over the United States and run 44 resort and gaming properties in 13 states, because well as in five other countries, including the flagship Caesars Palace in Las Vegas.
However the core message from the parent company is the fact that its ‘business as always’ for all of its gambling enterprises.
‘The properties across the entire Caesars Entertainment network are open and will operate without interruption throughout CEOC’s reorganization process,’ stated Gary Loveman, the CEO of CEC and chairman of CEOC, in a statement that is official Thursday.
‘Our visitors will stay to earn advantages through the Total Rewards loyalty program, and our team remains entirely concentrated on delivering the same service that is outstanding unforgettable entertainment experiences guests attended to expect from Caesars Entertainment. Moving forward, we’ll carry on to produce and deliver brand new, revolutionary hospitality experiences to our guests.’
We Come to Bury Caesars…
But Caesars is not away from the woods yet, since it faces a revolt from the lower-level creditors, who accuse the debt restructuring plan it https://casino-online-australia.net/ladbrokes-casino-review/ has resolved with its major creditors of unjustly protecting the business’s passions at the expense of these own.
While CEOC files for bankruptcy in Chicago, this band of lower-level creditors will maintain a federal court in Delaware trying to call a temporary halt to the Chicago case and also to stop the restructuring plan from going through as drafted. The move this week follows months of settlement and litigation between Caesars as well as its bondholders.
Caesars countered that these creditors are attempting ‘to wreak havoc on the orderly procedure the debtors, their professionals, plus the many consenting stakeholders have been preparing for months.’
Good Caesars / Bad Caesars
Caesars acquired the majority of its debt when it went private in 2008, following a $30.1 billion takeover by Apollo Global Management and TPG Capital, simply across the onset of the global downturn that is economic.
The group, with its 50 casinos across the US, suffered as the recession hit the land-based casino industry in America.
Caesars has lost cash every year since 2009, and has struggled to cover the attention on its enormous debt. It recently posted 2014 Q3 losses of $908.1 million and month that is last on a $225 million repayment.
‘We believe this restructuring is in the best interests of CEOC’s stakeholders and certainly will result in a sustainable money structure for CEOC and value creation for all stakeholders,’ said Loveman.
‘The restructuring of CEOC could be the culmination of a years-long effort to improve the health of CEOC’s stability sheet, which includes included significant investment in new and upgraded assets, especially in Las Vegas. I will be really confident in the future leads of our enterprise, which will combine a capital that is improved with a system of profitable properties.’
However, Caesars’ disgruntled creditors have accused Apollo and TPG of attempting to produce a ‘good Caesars,’ that may obtain its famous and properties that are valuable and a ‘bad Caesars’ to carry the debt.