Meetings & Information




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Tuesday, August 6, 2013

The casino is an environmental abomination.....

Stop Graton Casino added a new photo.

The Future of Gam[bl]ing?

Coming to your Massachusetts neighborhood when government is addicted to gambling revenues!

Do you think Massachusetts residents would have voted for this? There is nothing in the legislation to prevent brothels, strip clubs and prostitution in your neighborhood by any other name.

Family entertainment you say? 

It's not a strip-club... it's a resort! Could the success of several new casino/strip-club hybrids reveal the future of the American casino industry? Well of course! It's all about the bottom line, but even more so when your state and local government are stakeholders in that same bottom line. And even if that bottom line is a faux leather G-string stuffed with one-dollar bills.

First casino gentlemen's club looks to enhance AyCee's sex appeal

Almost Angels: Live Shots
Almost Angels: Live Shots


AS ANY fan of "Boardwalk Empire" knows, Atlantic City and sex have always gone hand in, um, hand. But never before has it figured so prominently in the beleaguered resort's entertainment master plan.

As you read this, several adults-only attractions are filling venues of various sizes in three different gambling dens. More to the point, Ivan Kane's Royal Jelly Burlesque and Le Male Burlesque at Revel Casino-Resort, Almost Angels at Trump Taj Mahal and "The Burlesque Show" at Borgata Hotel Casino & Spa are thriving despite the town's continuing economic woes.

And later this month (the date is still TBA), adult entertainment in casinos will take a quantum leap when New York-based Scores, arguably the most famous strip-club brand in America, opens a sprawling facility on the second level of Trump Taj Mahal Casino-Resort.

So, what in the name of Hugh Hefner is going on in Vegas-by-the-Sea? According to one industry observer, the town is adding a long-missing hue to its tourism palette.
         
"Adult entertainment is a prominent part of the entertainment scene in Las Vegas. It is not dominant, but it is part of what makes Vegas successful," reasoned casino analyst Joe Weinert, senior vice president of Linwood, N.J.-based Spectrum Gaming. "Part of the criticism of Atlantic City over the years, rightly or wrongly, is that it is a one-horse town. Now it is being forced to broaden that base. And quality, nonseedy adult entertainment had been a missing flavor in Atlantic City."

Actually, sex in casino marketing hasn't been entirely absent in the past. Borgata famously opened in 2003 with "do not disturb" signs that read "Tied Up," instead of the traditional "Privacy Please." Male revues have come and gone through the years, while Almost Angels is 4 years old, and Ivan Kane's Royal Jelly is in its second year of operation. But this summer's additions of "The Burlesque Show" and, especially, Scores, represent a new emphasis on grown-up offerings that, if successful, likely will influence other Atlantic City gambling dens to jump into the over-21 entertainment pool.

Weinert firmly believes that using sex to lure business is a sound strategy. "I think there is room for it," he said. "Other casino operators will be looking to see if these establishments are successful and if they can add value, both to their bottom line and the city's attractions as a whole."

Also on board is the Atlantic City Alliance, the marketing office operated on behalf of the 12 casinos and charged with promoting the town.

"Atlantic City continues to diversify the entertainment to attract new and repeat customers," said Jeff Guaracino, the alliance's chief strategy officer. "Entertainment aimed at adult audiences [is] expanding in AC and includes live shows, dancers at nightclub venues and at [other] venues. Diverse entertainment options are good for Atlantic City."

There's no question that Bob Gans thinks it's time for AyCee casinos to go all-in on pasties and G-strings. If he didn't, it's doubtful that Scores Holding Co. Inc., of which he is the managing member, would be betting $25 million on the 36,000-square-foot complex on the second level of the Taj adjacent to the pedestrian bridge to Resorts Casino Hotel.

A Scores preview

Scores Atlantic City - the first establishment of its kind inside a U.S. casino - has several distinct spaces, the keystone being the 8,000-square-foot main showroom. The high-tech playpen's signature feature (besides pole-dancing "entertainers," as the company calls them) will be a 160-square-foot LED board that provides a backdrop for the stage and is capable of countless designs and graphic permutations.

There will be state-of-the-art digital "iLights" flashing on the walls and ceiling to provide a sense of animation and visual excitement (as if the dancers won't be enough).

There also are 23 private spaces of varying sizes for those who want a more personal experience with a dancer or dancers. That said, Scores will not be a typical strip club. Full body-on-body lap dancing, the raison d'etre for this type of establishment, is prohibited in casinos by state regulation.

"There will be lap dancing, but there will be no touching," said the avuncular Gans. "If you took the lap dance as the end of the line, this would be the step before that. There will be no nudity, no underage drinking, no sex, no drugs. Everything else is OK."

This restriction isn't a problem for Gans and his minions, as Scores Atlantic City was conceived as something more than a typical gentlemen's bar.

"It's not going to be a 'strip club,' " he offered. "What it is going to be is something for everybody.

We have various rooms that have been created for men, men and women, and women."

In addition to the main room, Scores will include:

_ The Spread, a TV-lined sports bar.

_ Black Box Cabaret, a multi-purpose room that can be rented (with or without female entertainers) for business or social events. It also converts into a disco.

_ The Libertine Room, which the Scores folks hope will lure celebrities. It even has its own entrance so the riff-raff needn't see the bold-facers come and go.

_ The Blue Velvet Theater, which will host a male dance revue along the lines of the Chippendale dancers.

There is also a spacious deck overlooking the beach, boardwalk and Steel Pier where smokers and drinkers can congregate.

DN Members-only: Reviews and photos from some of A.C.’s more adult fare.


Read more at http://www.philly.com/philly/living/20130806_First_casino_gentlemen_s_club_looks_to_enhance_AyCee_s_sex_appeal.html#UsP8jvzYFoJgF8Qz.99



Milford selectmen to negotiate casino pact without questions answered




The vote Monday night came after opponents of the proposed casino told the board that developers had told only half the story about the project's impact. Steve Trettel and John Seaver, co-chairmen of Casino-Free Milford, identified for the board gaps and misleading information they said Foxwoods had presented. "It was biased," Mr. Trettel said about Foxwoods Massachusetts' weekly impact presentations in July. The four presentations covered traffic, water and sewer capacity, public safety and social impacts, and environmental issues.

Tuesday, August 6, 2013

Milford selectmen to negotiate casino pact



MILFORD — Selectmen will negotiate a host community agreement for a $1 billion resort casino with Foxwoods Massachusetts.

Selectmen Dino B. DeBartolomeis and Brian W. Murray voted in favor of negotiating, while Selectman William D. Buckley, who chairs the board, opposed the move.

"If this thing is viable, it's got to be done in the next month or so," Mr. Murray said afterward.

If selectmen vote to approve the host community agreement, a townwide referendum would be scheduled within 60 to 90 days. Voters would then have to approve, at a special town meeting, zoning changes for the casino, which would be situated on 187 acres off of Route 16 and Interstate 495.

The vote Monday night came after opponents of the proposed 660,000-square-foot casino told the board that developers had told only half the story about the project's impact.

Steve Trettel and John Seaver, co-chairmen of Casino-Free Milford, identified for the board gaps and misleading information they said Foxwoods had presented.

"It was biased," Mr. Trettel said about Foxwoods Massachusetts' weekly impact presentations in July. The four presentations covered traffic, water and sewer capacity, public safety and social impacts, and environmental issues.

In an interview before the meeting, Mr. Trettel, a civil engineer, said Foxwoods' traffic projections, one problematic example, were flawed. He said the developers' report ignored the current stop-and-go traffic on Interstate 495 and key intersections, which a casino would make worse with an additional 25,000 to 35,000 cars a day.

"That increase in traffic is going to look like Boston in the morning," he said, comparing Milford-area highway traffic to the Southeast Expressway.

Mr. Trettel argued that selectmen shouldn't negotiate a host community agreement with Foxwoods until a complete analysis of impacts is completed.

At the selectmen's meeting, Mr. Seaver said the presentations were more about marketing than critical analysis. "We have not seen all the bad stuff; as we've heard from many Milford residents at these presentations, 'Where's all the bad stuff?' he said. "We don't think both sides have been presented thus far, both the pro and the negative."

Mr. Seaver and Mr. Trettel said the developers' analyses on water supply, property values, environmental impacts, crime, housing, schools and social problems were inadequate.

The casino opponents recommended that if selectmen negotiate a host community agreement, the agreement should include the following mitigation terms, at a minimum:

◼?The casino could not open until the proposed collector-distributor access ramp from I-495 is open and appropriate road improvements are made to Route 16;

◼?The town should strictly limit the casino's water intake, because of tenuous reserve capacity, and any additional water needed by the casino should be brought in from elsewhere;

◼?Payments to the town should be based on the commercial property tax rate, not a payment in lieu of taxes;

◼?Mitigation payments should be above and beyond the required property tax;

◼?Mitigation payments to the town should not be tied to casino profitability.

◼?Escrow accounts should be established to protect property values and to address potential impacts on air quality, housing, schools, health care facilities and crime;

◼?A sound barrier should be required along both sides of the proposed I-495 collector-distributor road system;

◼? Performance guarantees should be required for sight and sound screens to shield residents near Route 16 from the casino and for improvements to the intersection of Route 16 and the proposed new highway ramp.

In a prepared statement released after the meeting, Scott Butera, Foxwoods president and CEO, said: "We are very pleased with the decision of the Milford Board of Selectmen to begin host community agreement negotiations. We have been working hard with the town's officials and consultants to bring Milford a resort casino that reflects the unique nature of the community, and look forward to building on our discussions as we enter this next phase of the process."

Foxwoods is competing with proposals in Everett and East Boston for the sole resort casino license in Eastern Massachusetts.
 

Monday, August 5, 2013

Plainville Pickles Planning Board Moves Forward....Duh?




In a baffling display, the PLAINVILE PLANNING BOARD PICKLES attempted to
move forward on a CHANGE OF USE permit for PLAINRIDGE.....NOT HAVING
HEARD OR ADDRESSED the NEWS......ya know? THE NEWS?





Plainville Town Manager Joe Fernandes threw his predictable temper tantrum!

 
 
Is there something wrong in PLAINVILLE?
 
Are residents asking?
 
Plainridge will NOT be a SLOT BARN!
 
Why the imperative?
 

 
 
What can we blame on backdoor promises?
 
What can we blame on stupidity?
 
 
 
 
Is it just APATHY? Doesn't anyone care about the blatant abuse? 
 
 



DUH?

Plainridge: “a culture of fear and concealment pervasive in the operations”

A very special thanks to Mary-Ann Greanier who continued to ask the Attorney General's office about their investigation of the ILLEGAL Plainridge Raffle that violated Massachusetts Charitable Gaming Laws, for researching the deed restriction that Plainridge used to intimidate and silence abutters forced to endure ENDLESS BLASTING in their backyards, for T.J. for standing up to the SLAPP suit brought by Plainridge intended to silence any opposition......




and dubious appreciation for Gary Piontkowski for revealing his inability to be trusted.....that most of us recognized long ago.

Dishonorable mention for the town leaders who failed to act to protect Plainville's Future, ignoring complaints, silencing the public and to Town Manager Joe Fernandes who genuflected too deeply....

Dishonorable mention to the media for ignoring concerns, and falling in love with the 'charismatic' Gary Piontkowski, as Mark Aresenault described him.



Gaming Commission Disqualifies Plainridge Slots Parlor

Sunday, August 4, 2013

Plainridge's Past Conduct Needs To Be Considered!

The past conduct of Plainridge has been particularly problematic and needs to seriously be considered during this process.

Please attend the Plainville Planning Board meeting MONDAY, AUGUST 5TH and raise your concerns.

If you live in Plainville or a surrounding community, it's important to recognize that the future EXPANSION of Plainridge into a Full-Blown Casino without amenities was discussed openly during an Educational Forum conducted by the Gaming Commission.
...
Plainville Town Manager, Joe Fernandes attended that hearing, yet no provisions for future EXPANSION are incuded with the AGREEMENT. There are numerous other issues not included in the agreement as well - including WATER and WASTEWATER that will cost ratepayers dearly.

Plainville was told they lacked water and would be forced to buy water from Rhode Island. Suddenly, they have enough water?

There are too many unanswered questions, including those below that folks need to stand up and ask in a public forum.


  • A letter from Plainville resident to the Massachusetts Gaming Commission about their upcoming decision as to the fitness of Plainridge to operate a gaming facility:

    Dear Commissioner Crosby,

    As you are making your decision about whether to allow Plainridge to move ahead in the application process or be disqualified because of concerns about the toleration of Mr. Piontowski's "cash withdrawals," I hope you consider these facts, as well:

    • Plainridge was in violation of the Massachusetts charitable gaming laws for more than a decade with their so-called "Plainridge Raffle." The Attorney General has recently concluded the investigation about the raffle, and Plainridge has agreed not to repeat their offense. Why the AGO has seen fit to treat the matter with such laissez faire is beyond me, especially when Plainridge — with their many lawyers always at the ready — must have known they were breaking the law. Moreover, while the AGO has found that no charitable monies were misspent, they ignored the fact that Plainridge used the raffle to ingratiate themselves to a town in which they have lobbied for expanded gambling almost since they opened the track. Plainridge received a great deal from running illegal charitable gaming — they garnered the goodwill and loyalty of residents who were not aware that laws were being broken on their behalf.

    The AGO refuses to give me anything in writing about the case. Perhaps they'll be more forthcoming for you.

    • As you know, Plainridge sued Thomas Keen, a resident of Plainville and a co-founder of No Plainville Racino, for defamation due to an anonymous posting on the group's Facebook page. Mr. Keen successfully defended himself in court, and Plainridge dropped their subsequent appeal, citing "more important matters" (around the time they were ridding themselves of Mr. Piontkowski).

    • In response to an inquiry about the projected length of blasting at the track earlier this year, residents who live on Harness Path (abutting Plainridge) were told that Plainridge is in possession of a 1999 Mutual Non-Interference Agreement between Francis Daddario and GTWO, LLC that could mean a serious lawsuit if anyone living on Harness Path dares to speak up against anything going on or anything that they fear might go on at Plainridge. The Mutual Non-Interference Agreement is a matter of pubic record (Norfolk Registry of Deeds, BK 13350, PG 416, recorded 99 Apr -2) and is attached here.

    The agreement says that the parties are "not to object to any such future development plans of the other by any of the following means: oral or written opposition to governmental permits, approvals, and or rezoning, at or in connection with hearings, town meetings, administrative proceedings and/or administrative or judicial appeals." The threat to use this Agreement against the residents of Harness Path to keep them from speaking at "hearings, town meetings, etc." when they live so close and are among the most affected from the addition of slots is a serious one, indeed, and should be considered when weighing the fitness of Plainridge to operate a gaming facility in our town.

    Respectfully,
    Mary-Ann Greanier
 

Saturday, August 3, 2013

Plainridge Racecourse's slots bid under scrutiny



Plainridge Racecourse's slots bid under scrutiny




August 2, 2013
 
(NECN: Peter Howe, Plainville/Newton, Mass.) - In the superheated five-way battle for the sole slots-parlor license authorized by Massachusetts’ casino law, Plainridge Racecourse in Plainville has been looking especially strong – to the point that the harness-track owners even went ahead and built a 1,500-space garage in expectation of winning the slots license.

But then, as first reported by The Boston Globe last week, Massachusetts Gaming Commission investigators discovered that former Plainridge co-owner Gary Piontkowski had been making highly unusual, almost daily cash withdrawals from the track’s cash room, reportedly without co-owners Stanley Fulton and Alfred Ross knowing for several years. That revelation apparently led to Piontkowski’s abrupt resignation from Plainridge Racecourse and the slots bid in April.

Massachusetts Gaming Commission chairman Stephen Crosby, interviewed Friday for NECN’s "This Week in Business" show airing Sunday, indicated the situation still raises a lot of questions.

"This was a guy who had been taking money from the money room for years, and his own ownership apparently didn't know it," Crosby said. "It wasn't until our background check that we found out. What that is indicative of is just the rigor and the thoroughness of this background check. We're finding stuff, finding out things that the companies themselves don't know about."

Crosby said the commission has 100 investigators checking the backgrounds of applicants and the $10 million process has generated more than 21,000 pages of documents so far.

Informed of Crosby’s comments, Plainridge spokesman Bill Ryan said, "We very much appreciate the opportunity to comment but politely decline to do so."

Plainridge is a five-way competition for the slots license with Penn National’s proposal in Tewksbury, Cordish Cos. in Leominster, Rush Street Gaming in Millbury, and Raynham Park.

No one has ever alleged that Piontkowski was outright stealing cash from Plainridge. What the Gaming Commission investigators found was that all the cash withdrawals – apparently exceeding $1 million in total over several years – were scrupulously accounted for in the racecourse’s ledgers, and at the end of each year declared as a distribution to Piontkowski.

But the big question for the gaming commission: Just because Piontkowski is gone, does that mean an organization that apparently tolerated highly unusual cash transfers can and should be entrusted with a license for a slots parlor that could suck in millions of dollars a week.

Boston College Carroll School of Management gambling expert Rev. Richard McGowan, who serves on the board of the state’s council on compulsive gambling, said just because Piontkowski’s gone doesn’t mean concerns about Plainridge’s organizational and managerial integrity are gone, too.

"I think there’s a lingering effect" from the revelation of the cash withdrawals, McGowan said. "It’s an industry that depends on trust. People have to trust the integrity of the operators. With all the people who want that slots license, why would you, as the regulator, take a chance?" (Plainridge’s Ryan said the track also did not want to respond to McGowan’s comments.)

On This Week in Business, NECN’s Mike Nikitas asked Crosby if Plainridge will be allowed to move ahead in the application process or disqualified because of concerns about the toleration of the cash withdrawals.

"Wait until Monday or Tuesday, and you’ll find out," was Crosby’s answer.

To date, the Gaming Commission has voted that Rush Street and Cordish are financially and morally qualified to move ahead with their bids. The commission hopes to vote on Plainridge and Raynham early this coming week, then Penn National in about three weeks, Crosby said.

After that, assuming all five are cleared by the Gaming Commission, there is a string of votes this month and next in each of those five communities on whether voters accept "host community agreements" negotiated with the slots parlor operators and want to have the facilities in their towns.

In his TWIB appearance – the show airs at 12:30 p.m. and 8 p.m. on NECN -- Crosby spoke at length about how rigorous the background checks have been. "It is more than vigorous. It is intrusive. It is very aggressive," Crosby said. As he learned about the details of what the law requires for background checks, Crosby said, "I responded as a businessman rather than as a public official when I saw these background checks initially I said, 'This is just obnoxious' -- talking about how many cars your kids own, your divorces, your personal scars and tattoos" so that the commission can ensure people who present themselves as the applicants can be physicially verified to be those people.

In response to a question about why it’s taken so long for casinos to move from talk to development in Massachusetts, Crosby noted that the commission itself has been up and running for 15 months and will be picking a slots parlor winner probably by December and eastern and western Massachusetts casino license winners around next April. But, Crosby added, "You ought to take a long time to decide whether to do casino gambling in Massachusetts. It is a very big, tough, complicated issue, which is still a fifty-fifty issue. There are significant potential negatives," Crosby said, "as well as significant potential positives."

With videographer John E. Stuart           
 

Spending $$$ before ya got it

A truly disappointing comprehension!


Ross: How casino money will be spent

How casino money will be spent


Posted Jul 30, 2013


The casino issue has been a really hot topic for the past couple of months/years. Today’s focus seems to be on water, sewer and traffic.

I think the time has come to assume, for the sake of an argument, that the casino just may become a Milford reality. So if it does and the water issue is resolved, and the sewer issue is resolved and all the other real, relevant issues are resolved, then what happens to the $20 million in revenue coming to the town?

How will the town use this money?

The selectmen owe it to everyone to detail what the plans would be for this money, the first year and every year thereafter. How can you dump millions of dollars into the town treasury without strong rules for utilizing this money?

They will always find new ways to spend it and not always for the good of the many. As a matter of fact, I’d like to see a town bylaw, approved by a ballot question at the next appropriate town election and then by the Town Meeting that sets down the rules for expenditures as a percentage of the total.

And only the Town Meeting could change the bylaw.

As an example, let’s say that a minimum of 80 percent would be used to reduce the tax rate for all, residential, commercial and industrial. That would mean that the town budget, every year, would have to be determined without any of this 80 percent money being considered. Then, once the budget is complete, add 80 percent to the treasury and reduce the calculated rate. Everybody wins.

There would, by necessity, need to be an oversight committee, possibly a subcommittee from the Finance Committee, to make all these numbers public every year. This money needs to be taken out of the hands of every politician; $20 million is a powerful aphrodisiac.

I remember one selectman, still in office, who said(and I paraphrase), “we have to raise taxes, we have a town to run here.”

Well, every household is in the same boat and they have had to get creative in order to balance their books. They cut back on unessential expenditures.

Does anyone believe that the town of Milford couldn’t get by with a few less employees, lower spending or save through a little reorganization?

Don’t be unwise and ask me for suggestions. To be honest, I don’t expect that anyone will come forward with a clear, concise summary of how to use this money.

Be prepared for political psychobabble, taxes will go up, patronage jobs will go up, and on and on. I’ve been wrong before, but the smell in the wind is a little pungent.

ALLAN S. ROSS
Milford


Read more: http://www.metrowestdailynews.com/opinions/letters_to_the_editor/x853697221/Ross-How-casino-money-will-be-spent#ixzz2awYZIVKM
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How safe are your loved ones in casinos?


How safe are your loved ones in casinos?

The Baltimore Sun - July 23, 2013 -Man arrested in connection with Maryland Live Casino robbery
...
Paul Johann Morin of Bowie charged with armed robbery, assault, other offenses

Anne Arundel County police arrested a Bowie man Monday in connection with the robbery of one woman and attempted robbery of another at Maryland Live Casino on Sunday.

Police said Paul Johann Morin, 32, was charged with armed robbery,
robbery, second-degree assault and other charges. Police say he tried to take a 71-year-old woman's purse at knifepoint as she got into an elevator, but was unsuccessful.

Later, another woman, 35, was sitting in her car in the parking garage at the
casino, at 7002 Arundel Mills Circle in Hanover, when, police say, the suspect opened her car door and stole an unknown amount of money at knifepoint. Neither woman was injured.

Read more: http://www.baltimoresun.com/news/maryland/anne-arundel/glen-burnie/bs-md-ar-casino-robbery-20130723,0,4346885.story#ixzz2aoQOBosd
See More

Repeal the Casino Deal Coalition, Signature Drive Director



FROM facebook:

Signature Drive Director,
Repeal the Casino Deal (Massachusetts)

The Repeal the Casino Deal Coalition invites applications for the position of Signature Drive Director for a statewide initiative to collect 115,000 raw voter signatures in the Fall of 2013. The signatures allow for a question to be placed on the November 2014 statewide ballot that would repeal the Massachusetts law legalizing commercial casino gambling.

... Position Description

The Signature Drive Director (SDD) will report to the Chair/Steering Committee of the Repeal the Casino Deal coalition. The SDD will have primary responsibility for directing a statewide signature collection drive through November 2013. The SDD must be comfortable working with politically-diverse individuals and groups in coalition building. Work on nights and weekends, as well as some in-state travel, will be required (it is essentially a seven day a week mission for the duration of the signature drive.

Position will be located in the Metro-Boston area. Exact location is TBD.

Specific Responsibilities

• Organizing signature collection volunteers

• Managing the mailing and counting of signature petitions

• Orchestrating the delivery and pick up of petition papers to town halls.

• Coordinate with and help lead coalition partners signature gathering

• Manage outreach to state/local leaders, organizations, opinion leaders and citizen activists across the state

• Help maintain/oversee signature collection drive website

Qualifications

• Familiarity with the issue of government-sponsorship of casinos.

• Passion for just causes.

• A dedicated team player with superb follow-through.

• Experience collecting voter signatures preferred but not required

• Experience in managing and motivating volunteers

• Ability to expand, lead, and work cooperatively with coalitions.

• Applicants should be self-motivated, organized, diligent, and have the proven ability to work with a wide range of people.

Compensation

$600 a week over a 18-20 week period from about 8/1 -12/15 on a contract basis. Salary is negotiable depending on experience. The right person would need to work about 65-70 hours a week. The position would be paid but offer no benefits.

How to Apply

Please send cover letter, resume, writing sample, salary requirements and contact information for three references to: repealthecasinodeal@gmail.com


Communication may be addressed to:

John Ribeiro, Chairman
Repeal the Casino Deal Coalition

Inquiries should include "Signature Drive Director" in the subject field, and all attachments should be in Microsoft Word or .pdf.

Application deadline is until the position is filled so interested individuals need to apply very soon.
 
 
 
 
 
 
 

Friday, August 2, 2013

Where is Martha Coakley? Can't you do your job?

At a time when the Massachusetts Attorney General running for GOVERNOR....shhhh! don't tell anyone!

should be asking questions to protect Massachusetts residents......  


Martha Coakley is ABSENT....INVISIBLE!





A MILLION DOLLARS disappeared from Plainridge...were taxes paid? who else knew? how was CASH distributed so easily? Who knew? Where were the auditors? Who was short-changed?  


Martha Coakley isn't even asking questions about the BAFFLING RAFFLE conducted by Plainridge for many years......


After more than a year, Martha Coakley can't even address the BAFFLING RAFFLE conducted by Plainridge for many years that violates the law...... selective enforcement?



Mark Arsenault's Colonoscopy......A Meaningless Re-Hash

They're picking you pocket and you can't even depend on the Boston Globe to ask questions!
 
 
 
Another meaningless fluff piece by Mark Arsenault in which he merely 'takes attendance,' failing to travel beyond the colonoscopy. Ignored is the BAFFLING RAFFLE conducted by Plainridge for many years ....was it 14 years? that violated the charitable gaming statute and no one wants to address, discuss or put in writing - least of all the Attorney General running for Governor.

Instead of doing their job, journalists aren't asking if Mr. Piontkowski paid taxes on those .... 'mbezzled'funds. Who else knew? What records were kept? Who was short-changed ? Was it Plainville, the Commonwealth, the Horsemen? How was this audited?

Why is abuse of the law being ignored? This is what Massachusetts has to look forward to with Predatory Gambling and a Bought-And-Paid-For government!

In The Cards

State of play in Mass. casino sweepstakes


Repeal the Casino Deal!

Let's put this on the ballot!

Volunteers needed to collect signatures for a referendum to be placed on the 2014 statewide ballot
The Episcopal Diocese is partnering with the statewide group, Repeal the Casino Deal, which is working to get a referendum on the 2014 ballot to repeal the casino legislation. Many prominent, longtime, committed opponents are joining the effort. We need to collect signatures this fall.

We are looking for people who will take regional or community responsibility to recruit signature collectors, or who are willing to collect signatures. Please put this word out there. This effort needs to begin now. Please email me at sabdow@diocesewma.org.

Please share this email with anyone you know who may be willing to work on this critical effort for our community and state.

We are better than a casino. The legislature needs to hear from the people.

Thank you,
Steve Abdow
Episcopal Diocese of Western MA

Predicting Caesars Bankruptcy



How Caesars Entertainment Has Seemingly Suckered Investors







Caesars Entertainment plummets toward Ch. 11

by Lisa Allen | Published July 31, 2013



Caesars Entertainment Corp. is working to improve its capital structure, but despite moves to cut costs, buy back debt and pursue a spinoff transaction during the second quarter, Caesars' $23.7 billion debt load is still the elephant in the room and could push them into Chapter 11.

It's not just the size of the Las Vegas-based, private equity-backed casino operator's debt burden that is worrisome; substantial maturities in 2015 and 2016 are also a cause for concern.

However, Caesars CEO Gary Loveman promised in a July 29 second-quarter earnings call that he is "acting aggressively to improve the company's capital structure."

But debt investors aren't too optimistic. One hedge fund invested in Caesars' debt, which asked not to be named, said, "They would need a meteor to destroy the earth, or they'd need [PE owner] Apollo Global Management LLC to come in and buy billions of debt" to avoid filing for bankruptcy protection.

In fact, the hedge fund investor thinks Caesars may already have bankruptcy on the mind. "They're not acting like a company that's hoarding cash, and maybe they're figuring that the end is near."

Although the hedge fund investor is pessimistic about recoveries for creditors of the operating company Caesars Entertainment Operating Co. Inc., he thinks the situation at the property-owning unit, Caesars Property Co., is "fixable."

"We think that's covered," he said, explaining that Caesars could refinance that debt ahead of a bankruptcy filing. PropCo first-lien debt is trading at 93 or 94, up from 70, he said, counting that as a statement of faith in a PropCo refinancing. The mezzanine debt in the PropCo unit is trading at about 70 cents on the dollar, but the investor thinks there's hope for that class too.

"If I was them, I'd just tank the business, buy back debt in the 20s [20 cents on the dollar range], and equitize those notes," the investor said, adding, "I've seen people try to run down their stocks, and that's not what they were doing [on the earnings call]. They were all smiles, and 'everything's fine.'/"

Caesars did take some positive steps toward debt extinguishment in the second quarter ending June 30, by raising capital to repurchase some of its debt at a discount. The company paid $183.7 million for $225 million of its commercial mortgage-backed security loans, and $40.9 million for $51.2 million of its second-lien senior debt due 2018 held by its operating company.

However, the hedge fund investor said that he was confused by the company's decision to buy back notes due in 2018 alongside debt held in the property-owning unit.

"It makes a lot of sense for them to buy back the PropCo debt at a discount--what doesn't make sense is for them to buy back their operating company paper," the investor said. "They'd have to buy back billions of that to move the needle, and the company can't buy back all of that given where it's trading -- they're way too under water."

The investor characterized the buyback of notes due in 2018 as a "waste of money."

Because the debt load is so large, "you can't just buy up the debt and turn it into equity," the hedge fund investor said, adding, "I think this is totally terminal. I have them running out of cash sometime in 2014 or early 2015."

However, that assumes that Caesars' debt covenants would not allow it to issue another $1 billion of first-lien secured debt, a matter that is a point of contention among investors and analysts, the investor said, adding that selling assets or downstreaming cash from the parent company could keep the company alive for longer.

"We're always evaluating options with respect to our balance sheet," Caesars spokesman Gary Thompson said in an e-mail statement Tuesday. "We balance investing in growth opportunities with repurchasing debt and maintaining liquidity. When we do elect to buy back debt, we evaluate current market pricing and other factors and elect which piece of debt best fits our objectives."

Caesars has $215 million in second-lien notes held by its operating subsidiary, Caesars Entertainment Operating, and $792 million in unsecured notes held by the operating company and itself coming due in 2015. In addition, another $1.05 billion in unsecured debt comes due in 2016, according to a July 11 report from Fitch Ratings Inc.

Still, with $1.9 billion in liquidity as of June 30 and under-construction projects such as its Linq shopping and entertainment strip in Vegas still requiring hefty capital expenditures, Caesars needs a more proactive approach to address its upcoming maturities.

For now, the company is focusing all of its restructuring efforts on spinning out a new entity, Caesars Growth Partners, which will include Caesars' online gaming properties, its Horseshoe Baltimore casino and Planet Hollywood Resort & Casino in Las Vegas, along with an infusion of $1.2 billion from existing shareholders, which will include $500 million from its majority owners Apollo and TPG Capital.

The spinoff will give Caesars a vehicle for growth--the gaming market is highly competitive, and requires substantial capital expenditures to keep up properties--but it doesn't help the company pay down its debt.

Growth Partners will be a separate corporate entity from the operating company and the unit that owns the properties, and it will have a more attractive leverage profile.

Caesars' existing units are steeply levered: The operating company has a leverage ratio of 12.96, while the property-owning unit is levered at 10.4 times, according to Fitch.

Still, the Growth Partners transaction leaves the operating company's creditors out in the cold.

"They've tried to maneuver assets away from the [operating company], so the overall [operating company's] value is weaker," said Fitch analyst Michael Paladino, adding that this transaction reduces the prospect of recovery for the operating company's creditors.

"They're choosing to reinvest in assets rather than paying down external creditors--they're not looking to pay down any external creditors without significant discount," he added.

Paladino said he believes the operating company's first-lien creditors can expect a return of 70 cents on the dollar.

Once Caesars completes the Growth Partners' spinoff, which is currently awaiting regulatory approval, Paladino expects the casino operator will turn its attention to debt refinancing options.

Hiving off the assets with the most growth potential is attractive for Apollo and TPG, which will own slightly under half of the new unit if it raises $1.2 billion as planned.

Private equity firms Apollo and TPG hold 69.9% of the company, which they acquired in a $30.7 billion buyout in 2008 that included $12.4 billion in debt.

Caesars certainly has its work cut out for it. "The overall market for gaming in the U.S. has been pretty lackluster," Paladino said, adding that the U.S. gaming market is fairly mature and key areas are already saturated with competitive properties. Caesars has not succeeded in getting licenses to open casinos in the Asian market, which is performing much better than the U.S. market.

Caesars did succeed in reducing its net loss for the second quarter by 12.2% year-over-year to $29.5 million on net revenue of $2.2 billion.

Casino revenues were down by 7.5% to $116.8 million, which was largely offset by gains in nongaming revenues.

The parent company is publicly traded on Nasdaq under the symbol CZR; its market capitalization is $2 billion, and its shares closed at $16.85 on Tuesday.


Read more: Caesars Entertainment plummets toward Ch. 11 - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/restructuring/caesars-entertainment-plummets-toward-ch-11.php#ixzz2aoCaq3q5


Vincent Joseph "Vince" Fumo (AKA) the Dark Prince released from prison




Massachusetts 'GAMING' Future

Vincent Joseph "Vince" Fumo (AKA) the Dark Prince is a former politician, lawyer and businessman from Philadelphia, Pennsylvania. He represented a south Philadelphia district in the Pennsylvania Senate from 1978 to 2008. He was instrumental in getting Gaming passed in our state. He considered himself the architect of our gaming law. On March 16, 2009 he was convicted of 137 federal corruption charges. On July 14, 2009 he entered a place that operates 24/7, has no windows, clocks, tight security and makes him wait in line for his 'COMPED' meals. It's called 'JAIL.

Philadelphia Enquirer August 1, 2013 - Fumo to be freed from prison Tuesday
...
Read more at http://www.philly.com/philly/news/20130801_Fumo_scheduled_to_be_freed_from_prison_on_Tuesday.html#O2CKyOs2rUToVWju.99

Open the video links below and listen to me and the Dark Prince address this so-called entertainment venue known today as Gaming.

January 2007 -
http://blip.tv/file/708140/

November 2006 -
https://myspace.com/401263517/video/bill-kearney-on-casino-breeding-part-2/4168789

November 2006 -
https://myspace.com/401263517/video/bill-kearney-on-casino-breeding-part-3/4168946

November 2006 -
https://myspace.com/401263517/video/bill-kearney-on-casino-breeding-part-4/4169069

Open this link and check out Sen. Fumo's expression. Is he giving the call-in show's host the nod to get rid of me?

PCN TV - http://www.veoh.com/videos/v63583725dE8srcw

Now you don't think there's a conspiracy going on here, do ya? I hope Fumo's not a poker player with those tells.
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