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Showing posts with label online gambling. Show all posts
Showing posts with label online gambling. Show all posts

Wednesday, May 17, 2017

Voters oppose online lottery, survey finds






Voters oppose online lottery, survey finds

By  GLOBE STAFF  
Nearly 70 percent of Massachusetts voters do not support legislation that would allow the state lottery to sell tickets online, a new survey has found.
Just 5 percent said they support expanding the lottery to include Internet games “very” strongly, the survey found, while 7 percent said they support the proposal “somewhat” strongly.
The survey was conducted by Princeton Research Associates on behalf of a coalition of business owners who fear they will lose business if lawmakers allow online lottery sales. The coalition includes the Massachusetts Food Association, the Boston Convenience Store Owners Association, the New England Service Station and Auto Repair Association, and the Massachusetts Package Stores Association.

“We’re heartened by this poll because it shows the public is as skeptical as retailers are about taking the lottery online,” said Joanne Mendes, executive director of the New England Convenience Store and Energy Marketers Association, which represents convenience stores. “We hope this poll goes a long way in educating lawmakers on how the public feels.”
State treasurer Deborah Goldberg, who oversees the lottery, has pushed for online sales. Last year, a bill to allow online lottery sales passed the state Senate, but failed in the House.
Proponents of online ticket sales note that lottery revenue has fallen 16 percent between 2008 and 2015, accounting for inflation. In an increasingly cashless society, fewer people are likely to have money on hand to buy lottery tickets at convenience and liquor stores, they say.
“The only way to reach the younger market is via online lottery games,” Goldberg has said. “It’s the future and we need to face it.”
Lottery officials declined to comment.
Lottery agents across the state say they rely heavily on lottery sales, and for several years have fought back online proposals.
Jon Hurst, president of the Retailers Association of Massachusetts, said the state’s lottery is the most successful in the country, raising almost $1 billion annually to help pay for police, firefighters, teachers and other local services.
“Abandoning the current system for a model which has yet to be proven successful anywhere in the country is simply bad policy,” he said.
The survey also found that 80 percent of respondents believe state residents already have enough access to the lottery through the more than 7,500 lottery agents at convenience stores, gas stations, package stores, and other locations. It found that 65 percent of voters believe stores would be better able to prevent minors from playing than an online lottery.
The survey was based on interviews with 550 residents, randomly selected from voter lists across the state.
Sean P. Murphy can be reached at smurphy@globe.com. Follow him on Twitter @spmurphyboston.

How irrational is the selection and the COST?
Isn't this ENOUGH?  




http://www.bostonglobe.com/metro/2017/05/16/voters-oppose-online-lottery-survey-finds/zMPWRIaCePc5PSvmvDpLyN/story.html?s_campaign=bostonglobe%3Asocialflow%3Atwitter


As State Senator, Michael Morrissey spoke in favor of casino gambling at several 
public forums and was wholly uninformed. now he has a 'crime problem' as 
Norfolk DA? 


Expanded FREE Drinking Hours? 

I posted the entire Boston Globe article [it had been archived] when Beacon 
Hill mentioned  expanded ALCOHOL. 

If Rosenberg leaves, this will go through. [He was unmercifully attacked 
about future changes - no one else will remember. This is what Casino Vultures do.] 

 




Norfolk DA wants state funds to deal with Plainridge Casino-tied crime
Norfolk County District Attorney Michael Morrissey’s office is asking the state’s gaming commission to help foot the bill for an attorney who would deal specifically with crimes – such as firearm offenses, domestic violence cases and even instances of assaults on police officers – tied to the new Plainridge Park Casino, reports the Herald’s Matt Stout. Crime associated with new casinos? We thought there wasn’t supposed to a big spike in crime tied to casinos, or at least that’s what we were told by gambling proponents. (Insert obligatory snort here.)
DA seeks $75G for a casino attorney



Friday, January 6, 2017

Pennsylvania's Addiction to Gambling, Sands Bethlehem







... 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, ...


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, ...


Some casinos decided to pay host fees for 2017 while state lawmakers ... It was a difficult decision that paved the way for the Sands Casino Resort, ...


Saying a professional gambler's technique of gaining an advantage over a casino was “tainted from the beginning,” a federal judge ordered poker pro ...


The state gets 54 percent of slot machine revenue, one of the highest tax ... Centers says Meadows plans several additions to its gambling lineup.


A Baylor University study found that gambling addiction carries hefty social costs, including loss of worker productivity, unemployment costs, ...


The casino tax issue emerged with lawmakers having yet to pass legislation to expand legalized gambling to plug a $100 million revenue hole in the ...


The district attorney's office "expends enormous resources" prosecuting crimes where the SandsCasino is the victim, Morganelli said. The casino i


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.


Monday, January 2, 2017

Casino Vulture in the White House







Transition: Gambling interests seek friend in Trump

The industry awaits policy positions from the president-elect and former casino owner on Internet gambling, sports betting and daily fantasy sports.
Donald Trump will be the first U.S. president to have ever owned a casino, and the gambling industry is wondering how he will handle three major issues: Internet gambling, sports betting and daily fantasy sports.
The industry has sent its wish list to the president-elect. The American Gaming Association told The Associated Press it has asked Trump for fewer regulations, approval of sports betting, a crackdown on illegal gambling, tax reform and immigration policies that don't dry up the flow of overseas gamblers - and workers - to U.S. casinos.
"President Trump, his administration and Congress will unquestionably implement policies that will directly impact our industry for years to come," Whitaker Askew, the association's vice president, told the AP.
Kirk Blalock, a lobbyist who worked for the George W. Bush administration, said Trump "comes to the table with a good, solid understanding of how the industry works and what the challenges are."
Just three states - New Jersey, Nevada and Delaware - allow Internet gambling, and well-financed opponents, backed by billionaire casino magnate and Trump backer Sheldon Adelson, want to ban it nationwide.
Trump and his daughter, Ivanka, formed a company in New Jersey to explore the possibility of offering Internet gambling in New Jersey before the state legalized it in 2013, but they never applied for a license to do it.
In a brief interview in September, Trump told the AP he had not settled on a position regarding online gambling.
His transition team did not respond to several recent requests for comment. The gaming association does not take a position on Internet gambling.
Sports betting is currently legal in four states: Nevada, Oregon, Delaware and Montana. And dozens of states are grappling with whether daily fantasy sports, in which players put up money to compete with each other to assemble teams of athletes who accrue points based on their real-world performances, constitutes a game of skill that does not need to be regulated, or gambling, which does.
In a November 2015 interview with Fox Sports 1, Trump indicated he would not oppose sports betting or daily fantasy sports.
Trump owned three casinos in Atlantic City, as well as one in Indiana for a time. Two of his former Atlantic City casinos, Trump Plaza and the Trump Taj Mahal, have closed. The third, Trump Marina, was sold to Texas billionaire Tilman Fertitta, who now runs it as the Golden Nugget.



ATLANTIC CITY, N.J. — Donald Trump will be the first U.S. president to have ever owned a casino, and thegambling industry is wondering how he ...


Donald Trump will be the first U.S. president to have ever owned a casino, and the gambling industry is wondering how he will handle three major ...



MOST VEGAS CASINOS IN DEBT, BIG TIME



Magnificent gaudy structures erected for the ultimate 1% SCAM to empty your wallet, your 401K, your employer's funds, rack up credit card debt....




All built on a House Of Cards created by banks that will collapse, leaving taxpayers to pick up the tab.....





MOST VEGAS CASINOS IN DEBT, BIG TIME




Las Vegas Welcome sign
House always wins? While operating a Vegas casino seems like an obvious money maker, the cost of these massive buildings has most of these jackpot makers in the red long-term.
For the last few years, we’ve been reading about casino empires crumbling before our eyes.  In 2012, an article ran in USA Today that the economic downturn had created huge, unpayable debts in Vegas gambling properties.  These debts were incurred in brighter economic times but fell victim to the Great Recession.

One of the conglomerates mentioned in the USA Today article, Caesar’s Entertainment, was able to stall bankruptcy for three more years but finally filed for bankruptcy protection in 2015.
Las Vegas Fountain
Donald Trump learned the hard way how ephemeral big projects can be.  He took over the Taj Mahal Casino in Atlantic City and offered 14% interest on bonds to finance construction.  His company defaulted on its commitments soon after.  In short, a big building project may signify much smoke but little fire.
MGM Resorts International is trying to expand in both the US and Asia.  Although gambling is on the rise in the US, it is not at all certain that Vegas casinos will feel the enough of said growth to forestall bankruptcy.
The Fontainebleau Resort was going to cost 2.7 billion dollars but the Bank of America pulled out in 2014 and left a shell of a building in its wake.
Vegas Casino





It isn’t just the economic downturn that has threatened so many Vegas gambling properties.  Many other jurisdictions have legalized casinos in recent years.  This and online casinos make it difficult for Vegas casinos to bring in the customers they need to realize the profits that will pay off their massive debts.  Competition certainly reigns supreme even in the world of Vegas gambling!


https://www.gamingpost.ca/canadian-casino-news/vegas-casinos-debt-big-time/


Thursday, November 10, 2016

Bank manager spent $1 million in embezzled money on online gambling





Bank manager spent $1 million in embezzled money on online gambling


MATTHEW LANE • NOV 4, 2016 AT 3:16 PM


GREENEVILLE — A former bank manager has agreed to plead guilty to federal tax evasion charges after he embezzled nearly $1 million from various accounts and lost the money through online gambling websites.
Kenneth Miller agreed to plead guilty in U.S. District Court in Greeneville last month to a five-count information charging him with theft by a bank officer/employee and four counts of tax evasion.
Miller faces up to 30 years in prison and a $1 million fine on the theft charge and five years in prison and a $100,000 fine on the tax evasion charges. A change of plea hearing is scheduled for Nov. 28.
The charges are in connection to Miller’s embezzlement of nearly $1 million while he worked as the manager of a First Tennessee Bank location in Greeneville. Prosecutors say the embezzlement took place from April 2012 to February 2016.
According to court records, Miller started working at First Tennessee Bank in May 2000 and moved to various branches within the company until finally becoming the Financial Center Manager of the company’s Greeneville Main Street location.
First Tennessee fired Miller in February once the embezzlement was discovered.
Prosecutors say Miller misapplied $1.16 million from numerous savings accounts, certificates of deposit, lines of credit and individual retirement accounts. However, not all of the money was obtained by Miller.
Court records show Miller moved some of the money between accounts to conceal earlier misapplications of funds. Shortly after discovering the loss, First Tennessee reimbursed most of the losses sustained by account holders, court records state.
As far as personally benefiting from the embezzlement, prosecutors say Miller took just over $967,000, which was lost or spent at online gambling sites DraftKings and FanDuel.
In addition to the embezzlement, Miller filed false federal tax returns from 2012 through 2015, evading approximately $161,000 in federal income taxes. The total loss caused by Miller’s actions was $1.08 million, court records state.
Prosecutors are seeking an $883,000 judgment against Miller.
Once the story of Miller’s embezzlement broke earlier this year, his wife, Erica, filed two lawsuits in Greene County Chancery Court against DraftKings and FanDuel seeking the recovery of gambling losses. Erica Miller claims in her lawsuits that the DraftKings and FanDuel websites violate Tennessee gambling laws.
The two cases were transferred to federal court earlier this year, but have since been remanded to state court.