It’s a Definite Maybe the next time for Christie on Internet Gambling for New Jersey
Saying ‘now is the time for our state to maneuver forward, again leading the way for the nation, by becoming one regarding the first states to permit Internet gaming,’ New Jersey Gov. Chris Christie ironically again this week vetoed his state’s latest draft of an online gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency dilemmas for companies seeking on the web gambling licensure, Christie nevertheless showed a glimmer of a cure for passage of revised versions of the bill to come, possibly as early as March.
Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can easily be addressed’ with a newly worded measure.
At risk are millions of dollars in potential income, specially key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in part as a result of ravages of Hurricane Sandy. Also impacting brand New Jersey’s ailing land casino market is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and New York. Revenues are falling steadily since 2006, and hit a low of just over $3 billion year that is last a 2006 total of $5.2 billion.
Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly pressed his state’s lawmakers to approve a bi 더 보기 “Two-Year Investigation Causes Super Bowl Party Raid”
It’s No Go Ho for MGM Resorts. Maybe Vietnam will be Asia’s first bust that is big community things are generally not looking cheery for the MGM Ho Tram Strip these days ( just for want of the ‘p’ are the jokes on that name perhaps not endless).
Based on a recent securities and exchange Commission (SEC) filing, MGM Resorts International exercised its straight to end their agreement to manage the home based on a lack of pre-opening milestones having been achieved as of March 1, 2013. The project is partially owned by Las Vegas-based Pinnacle Entertainment.
The story began in August of 2011, with Pinnacle purchasing a $95 million stake in Asian Coast Development, with Harbinger Capital Partners being almost all owner. Pinnacle was a 23 % stakeholder; apparently, that wasn’t a harbinger of good things to come.
By 2012, Pinnacle had already written off $25 million on their investment, due to delays. A prominent video gaming safety analyst, Chad Beynon of Macquarie Securities, told investors he expected that Pinnacle could well simply take even more write-offs on the Vietnamese property.
‘The undeniable fact that MGM Hospitality will no longer be associated using this project will greatly detract from the success associated with resort/casino,’ stated Beynon in a recent report. ‘MGM maybe not only provided a global brand name, but it was also a significant part of the design and vision associated with first phase. It remains not clear who will actually manage the phase th 더 보기 “Can a witness is got by me? Adelson Heading Back to Court in Breach Case”