We'll pretend!
Mass. may take hard look at MGM
N.J. board alleged Macau crime tie
By Dave WedgeThursday, August 23, 2012
MGM, which unveiled plans for an $800 million resort casino in Springfield yesterday, has faced intense scrutiny over the company’s ties to a reputed organized crime figure in Macau — and even ran into licensing problems in New Jersey that led the company to pull out of Atlantic City.
A 2010 report by the New Jersey Division of Gaming Enforcement found MGM Macau co-owner Pansy Ho to be an “unsuitable” associate because an investigation found that her father, Stanley Ho, regularly consorted with Chinese triad gangs — including letting mobsters use VIP rooms for drugs, prostitution and loan-sharking.
The report led MGM to sell off its stake in the Borgata Casino in Atlantic City. MGM’s New Jersey woes have been raised in Maryland, where the company is also considering building a $800 million casino.
The New Jersey flap could shed light on the type of scrutiny potential developers could face in Massachusetts. The Massachusetts Gaming Commission has repeatedly hailed New Jersey’s gaming board as the gold standard in the industry and is using that state’s rules as a blueprint.
[If the Massachusetts Gam[bl]ing Commission considers New Jersey the Gold Standard, they haven't done their homework!]
Try reading this that makes a mockery of New Jersey and the former Chairman Steve Persky, before whom they genuflected --
Massachusetts Gaming Commission spokeswoman Elaine Driscoll declined to comment on the MGM licensing issues in New Jersey, but said: “(The commission) will subject all gaming applicants to an extraordinarily rigorous and in-depth investigation in areas related to finance and integrity. ... MGC will be cooperative with other jurisdictions to maximize information gathering and due diligence.”
MGM Springfield president William Hornbuckle, who serves on the MGM Macau board, said four other states where the company is licensed for gaming took no action, despite having the same information as New Jersey.
“Whether the gaming commission here (in Massachusetts) decides it’s an issue is up to their purview,” he told the Herald last night. He added that Pansy Ho is currently a minority stakeholder of MGM Macau and that MGM controls the casino board.
http://www.bostonherald.com/business/general/view/20220823mass_may_take_hard_look_at_mgm_nj_board_alleged_macau_crime_tie/srvc=home&position=also
A 2010 report by the New Jersey Division of Gaming Enforcement found MGM Macau co-owner Pansy Ho to be an “unsuitable” associate because an investigation found that her father, Stanley Ho, regularly consorted with Chinese triad gangs — including letting mobsters use VIP rooms for drugs, prostitution and loan-sharking.
The report led MGM to sell off its stake in the Borgata Casino in Atlantic City. MGM’s New Jersey woes have been raised in Maryland, where the company is also considering building a $800 million casino.
The New Jersey flap could shed light on the type of scrutiny potential developers could face in Massachusetts. The Massachusetts Gaming Commission has repeatedly hailed New Jersey’s gaming board as the gold standard in the industry and is using that state’s rules as a blueprint.
[If the Massachusetts Gam[bl]ing Commission considers New Jersey the Gold Standard, they haven't done their homework!]
Try reading this that makes a mockery of New Jersey and the former Chairman Steve Persky, before whom they genuflected --
Massachusetts Gaming Commission spokeswoman Elaine Driscoll declined to comment on the MGM licensing issues in New Jersey, but said: “(The commission) will subject all gaming applicants to an extraordinarily rigorous and in-depth investigation in areas related to finance and integrity. ... MGC will be cooperative with other jurisdictions to maximize information gathering and due diligence.”
MGM Springfield president William Hornbuckle, who serves on the MGM Macau board, said four other states where the company is licensed for gaming took no action, despite having the same information as New Jersey.
“Whether the gaming commission here (in Massachusetts) decides it’s an issue is up to their purview,” he told the Herald last night. He added that Pansy Ho is currently a minority stakeholder of MGM Macau and that MGM controls the casino board.
http://www.bostonherald.com/business/general/view/20220823mass_may_take_hard_look_at_mgm_nj_board_alleged_macau_crime_tie/srvc=home&position=also
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