Saturday, January 14, 2017
Friday, January 6, 2017
Sands Casino Bethlehem responds to criticism by DA
... if the casino did act as a good corporate citizen he cannot justify using the limited resources of his office to prosecute petty crimes against the casino, ...
So who's right in this fight? Sands Casino or DA Morganelli?
26, Sands Casino officials say they'll wait to see what legislators do. ... limited resources to prosecute pettycrimes in which the casino is the victim, ...
Many changes ahead for Pa. casinos in 2017
Saying a professional gambler's technique of gaining an advantage over a casino was “tainted from the beginning,” a federal judge ordered poker pro ...
Legalizing slot machines in bars and social clubs would not be a sound bet
A Baylor University study found that gambling addiction carries hefty social costs, including loss of worker productivity, unemployment costs, ...
Pennsylvania Readies New Online Gambling Bill
Pennsylvania Readies New Online Gambling Bill ... as well as resolve a local government casino revenue-share issue, by legalizing casino gaming, ...
Why Northampton County's DA may stop prosecuting Sands cases
The district attorney's office "expends enormous resources" prosecuting crimes where the SandsCasino is the victim, Morganelli said. The casino i
Sands fires back at DA's letter
Sands Casino officials fire back at criticism that it won't pledge a $10 million gambling host fee that other casinos are agreeing to give.
Pennsylvania Lawmakers To Meet Next Week Over Gambling Expansion
In an effort to grow its relatively flat casino gambling market, Pennsylvania lawmakers will meet next week to begin sorting through potential new ...
By Andrew Edwards, Press-Telegram
A grand reopening for The Gardens Casino — to show off the fruits of a $90 million renovation — could take place later this month, but state gambling regulators want to revoke the licenses that allow the casino’s principals to operate.
An accusation, dated Oct. 17, outlines California Bureau of Gambling Control officials’ contention that the casino and key figures there, including Chief Executive David Moskowitz, should be denied gambling licenses.
State officials allege that casino operators failed to disclose to California officials that the operators failed to comply with a federal anti-money laundering law, which in their view, would justify revoking the licenses that allow the venue and its trustees to operate. The Gardens Casino has already admitted to deficiencies in its ability to obey the federal law, according to state and federal officials.
“In view of that nondisclosure and admitted violations of federal and state laws, respondents continued licensure undermines the public trust that licensed gambling does not endanger the public health, safety and welfare,” the accusation reads.
A hearing to decide the casino’s fate has yet to be scheduled. In the meantime, Gardens Casino can remain open with a provisional license, said California Gambling Control Commission spokesman Eric Petosky. That license is valid through Nov. 30, 2018.
Gardens Casino personnel were not available to comment Wednesday. A woman in the casino’s legal department said comment from the casino’s general counsel may be available today.
The casino is a major employer and source of revenue to Hawaiian Gardens’ city government.
The Financial Crimes Enforcement Network, or FinCEN, is part of the Treasury Department and announced its issuance of a $2.8 million fine against Gardens Casino this past July. That fine followed Internal Revenue Service examinations and casino management’s admission of failures to abide by the Bank Secrecy Act that resulted, in the government’s words, in making the casino “susceptible to money laundering and terrorist financing activity.”
The Bank Secrecy Act is a 1970 law requiring business to keep records that enable law enforcement officials investigating money laundering to track illegal transactions. For example, the law mandates that businesses report single or related cash transactions whenever $10,000 changes hands.
FinCEN reported that Gardens Casino was in violation of this law over a period extending from September 2009 through July of last year. Gardens Casino’s managers did not implement controls needed to follow federal law despite a 2011 IRS examination and a 2013 consultant’s review that brought problems to light.
Those problems included casino personnel’s failures to keep track of exactly who was involved in cash transactions there, according to FinCEN. In one case, a woman known only as “Michelle” was referred to in 15 suspicious activity reports and five currency transaction reports, but casino personnel had no records of her actual identity.
The same “Michelle” and others believed to be her agents were able to continue activities at Gardens Casino even though she did not identify herself to casino employees on at least three separate occasions. According to FinCEN, casino managers told the IRS they did not think they had to prevent Michelle or others who refuse to provide identification from transacting business there and that doing so may result in customers switching to other Southern California casinos.
“Michelle” wasn’t the only the only case of someone doing business at Gardens Casino without sufficient records being kept.
Eighty percent of suspicious activity reports filed between Jan. 1, 2013, and Sept. 18, 2014, from Gardens Casino referred to at least one unknown subject being involved in transactions. What’s more, 347 cash transactions involving unknown parties between Oct. 1, 2013, and Dec. 31, 2013, were for amounts between $9,000 and $10,000, which FinCEN observed are just short of the level that triggers mandatory reporting.
The FinCEN’s consent agreement with Gardens Casino reports that casino operators admitted to those and other violations described within the document. In addition to the fine, the agreement also required the casino provide a risk assessment report to the government and to hire an external auditor.
Gardens Casino’s license renewal request went before the California Gambling Control Commission during a mid-November meeting. Petosky, the commission’s spokesman, said commissioners issued the provisional license pending further proceedings.
The allegations against Gardens Casino are set to go before an administrative law judge at some point in the future, Petosky said. A provisional license allows Gardens Casino to stay open through Nov. 30, 2018, depending upon when the licensing issue can be resolved.
Gardens Casino has nearly completed a $90 million renovation that involved the construction of an entirely new casino building. Gov. Jerry Brown visited the casino in December 2013 to help casino owners celebrate the beginning of their project.
At the time of the governor’s appearance, casino operators expected to spend $45 million on the project. The amount doubled over the course of renovations, which involved construction of a large kitchen, VIP area and gaming space large enough to accommodate 5,000 to 7,000 customers.
Thursday, January 5, 2017
Trump Taj Mahal to surrender gaming license but not for sale
ATLANTIC CITY — Casino gaming might not be returning to the shuttered ... Icahn told the Associated Press that the casino is not for sale right now.
New Jersey's Open and Closed Casino Cases in 2016, and a Few As-Yet-To-Be Determined Battle ...
Carl Icahn was not bluffing when he said the Taj would close unless industrial action was halted. The casino was shuttered in the early hours of ...
Trump Taj Mahal to surrender gaming license
Trump Taj Mahal Associates LLC, have notified the Department of Gaming Enforcement that they intend to surrender their casino license.
Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue - World Casino Directory
Carl Icahn Surrenders Trump Taj Mahal Casino License
Billionaire investor Carl Icahn plans to surrender the casino license for his shuttered Trump Taj Mahalcasino and wants to make sure that anyone who ...
Atlantic City mayor urges Icahn to sell Trump Taj Mahal casino building
ATLANTIC CITY -- Atlantic City's mayor is calling on billionaire investor Carl Icahn to sell the shuttered Trump Taj Mahal casino, saying his struggling ...
Carl Icahn to Surrender Trump Taj Mahal License, Will Not Reopen Atlantic City Casino - Casino.Org News
Icahn plans to surrender Trump Taj Mahal casino license
New Jersey gambling regulators revealed Tuesday that the casino petitioned the state Division ofGaming Enforcement on Dec. 22 for permission to ...