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Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Harrah’s New Orleans says the cigarette ban imposed by the town a year ago this week has adversely impacted its gambling revenues and requirements to be held accountable for the casino’s volitile manner.

Harrah’s New Orleans say the citywide smoking ban is shuffling up revenues in the direction that is wrong.

Statistics provided by the Louisiana Gaming Control Board seem to back those claims up. Gross gambling revenue at Harrah’s brand New Orleans totaled $23.9 million in March, down nearly 21 percent through the $30.2 million the casino produced in the same thirty days during 2015.

Since 2007, all Louisiana workplaces and restaurants have been smoke-free, but the law didn’t use to casinos and bars. Carrying out a unanimous New Orleans City Council vote and Mayor Mitch Landrieu’s (D) signature, a city ordinance went into impact on April 22, 2015, that banned smoke smoking and vaping on the casino floor.

‘ Slot revenue, Harrah’s source that is largest of revenue, happens to be affected the most with slot revenue down 17 % in the period following a ordinance’s effect when compared with prior year,’ Harrah’s spokeswoman Jade Brown-Russell reported. ‘In the 12 months impacted by the smoking ban, Harrah’s has skilled video gaming revenue decreases in 10 of the 12 months.’

Clash of the Ash

Supporters of the clean air ordinance say Harrah’s is simply searching for a scapegoat to position blame.

‘That’s been a trend throughout the couple that is last of,’ Louisiana Campaign for Tobacco-Free residing Associate Director Tonia Moore stated of the financials. ‘I know lots of people want to connect that with all the ordinance that is smoke-free but regrettably we still cannot connect that to being the sole purpose due to their revenues declining.’

Beneath the legislation, gamblers must keep a video slot or dining table game to smoke cigarettes a cigarette in a designated area.

Moore’s place is also with merit, as Boomtown New Orleans, located south for the populous city in Jefferson Parish and outside the cigarette smoking ban, also saw its revenues go south. Year-over-year, Boomtown reported an earnings decrease of 2.3 percent.

Pennsylvania Sets Record

Smoking in Pennsylvania’s 12 land-based casinos is still permitted, though in certain smoker-friendly video gaming areas. Instead of an outright ban, Keystone State lawmakers and local government officials opted to allocate up to 50 % regarding the casino floor to cigarette smokers, though all dining areas are 100 % smoke-free as a result of the Pennsylvania Clean Indoor Air Act.

The compromise generally seems to be working.

In March, Pennsylvania gaming facilities reported a month that is record table revenues as the gambling enterprises raked in $77.9 million. That figure is probably the most ever into the state’s six-year history blackjack that is permitting roulette, poker, and other tables.

Sheldon Adelson’s Sands Bethlehem yet again led the means by posting $19.6 million in table receipts.

Slots also claimed higher profits in March, with the casinos publishing a combined $211.2 million from the devices. In total, the Pennsylvania Gaming Control Board said gaming rose 4.2 percent during the 31-day month.

Considering casinos pay a tax that is effective of 55 percent on slots and 14 percent on dining table games, one associated with highest tariffs of any state with legalized gambling, Harrisburg politicians are clearly welcoming the increased income because they continue to try and find brand new techniques to fund swelling expenditures.

Bangladeshi Police Hunting 20 People in Fed Bank Heist

Kim Wong, whom is facing money laundering charges in the Philippines, has now returned $9.8 million of the money stolen from the Fed Bank. (Image: conceptnews.central.com)

Bangladeshi police have identified 20 individuals they believe of having involvement in the $101 million Federal Reserve Bank of ny heist. The list comprises eight Filipinos and 12 Sri Lankans.

On 5 hackers flooded the Fed Bank with requests for transfers totaling almost $1 billion from an account owned by the Bangladeshi government february. The hackers posed as officials associated with the Bangladesh Central Bank, having introduced malware into the Bangladesh bank’s server, which allowed them to process and authorize the transactions

Some $20 million of the $101 million successfully withdrawn was traced to Sri Lanka and has since been restored, although the remaining $81 million raging rhino free online slots was transferred to Philippine bank RCBC, and from there made its means with a remittance firm to the gently regulated casino industry that is philippine. Much of this remains unrecovered.

Concrete Evidence

The lead police investigator in the situation, Shah Alam, said he wishes to trace ‘at least 20 people from numerous countries that are foreign in relation to the heist.

‘We’ve found concrete evidence that these people were tangled up in the heist,’ he said Monday. ‘we cannot disclose their identity at the brief moment as it can hamper our investigation.’

Alam said no evidence had been found by them that employees of the Bangladesh Central Bank were associated with installing the malware on its computer systems. However, he said that police were investigating whether a third-party company to the bank was in fact negligent in building adequate cyber-security systems.

Investigators would seek the assistance of Interpol in apprehending the individuals, said Alam, adding that he’d passed the findings for the investigation towards the government that is philippine.

Wong Makes Right

Meanwhile, Kim Wong, a Chinese national living in the Philippines whom was initially identified by Philippine politicians as the ‘mastermind’ and ‘missing link’ in the heist, has returned an additional $4.34 million of the stolen funds, along with the $5.5 million he relinquished month that is last.

Wong, whom is the supervisor of the Eastern Hawaii Casino into the Cagayan Economic zone in the Philippines, has freely attended government hearings into the national country so as to explain how $21 million of the taken money ultimately ended up in various accounts he controlled.

He claims the money was brought into the Philippines by two casino that is high-rolling agents named Gao Shuhua and Ding Zhize. These men owed him $10 million in gambling debts, he said, which he was paid by them whilst the rest ended up being converted into chips for VIP gamblers.

When asked why he hadn’t enquired concerning the source of the money, he said, ‘You don’t ask, it’s disrespectful.’

It just isn’t known whether Wong or his two high-rolling friends are among the 20 sought by Bangladesh.

Connecticut DFS Legislation Could Endanger Tribal Rev Sharing Compacts, Says AG

Connecticut Attorney General George Jepsen, who warned there is a ‘high amount of uncertainty’ surrounding the notion that DFS contests are not gambling. (Image: stamfordadvocate.com)

Connecticut’s plans to pass legislation authorizing fantasy that is daily hit a snag this week when lawyer general George Jepsen warned that the proposal may maintain violation of the state’s revenue-sharing compact with its tribal operators.

At problem is the 8.75 percent surcharge on total entry costs that Connecticut’s DFS bill wants to charge sites like DraftKings and FanDuel for the privilege of offering contests to mention residents.

Additionally at issue may be the concern of whether or not daily fantasy activities constitutes gambling. Supporters for the bill state it willn’t; that the contests certainly are a game of ability, and therefore exempt from Connecticut’s criminal gambling laws.

Area for Doubt on DFS

But as Jepsen emphasized this week, there was a lot of room for question on this point. He additionally noted that if DFS games are indeed games of skill, there is no need to pass a bill to exempt them.

Connecticut’s tribal operators, the Mohegans as well as the Mashantucket Pequots, which run Mohegan Sun and Foxwoods respectively, are the only entities permitted to provide commercial gambling in the state beyond the pari-mutuel wagering available at racetracks.

Connecticut has permitted the two casinos on tribal sovereign lands since the first nineties in return for a 25 percent cut of the profits.

But the tribes are most likely to strongly object towards the state sanctioning operations that might be construed as gambling, particularly whenever these operations are paying an inferior cut, although it should really be noted that tribal officials never have testified at tribal hearings, nor have they offered any official opinion on the DFS legislation.

Legislation Unlikely to pass through This Year

‘There presently exists a high level of uncertainty about whether fantasy that is daily contests constitute games of skill or games of chance,’ had written Jepsen.

‘ No one can predict with any known level of certainty how a court, if up against these problems, would rule. With that doubt comes the danger that legislation of the sort proposed could place at risk the state’s revenue-sharing arrangements using the Tribes.’

The General Assembly’s Finance Revenue and Bonding Committee, which recently passed a tax plan that factored in the DFS surcharge, had hoped that the scheme would produce $9.5 million as part of a strategy to plug a $922 million deficit within the continuing state budget. However in the light associated with the AG’s feedback this week, lawmakers are conceding that this will be now not likely to take place.

‘Due to the risk and uncertainty that could result from a potential legal challenge, the possibility of passing legislation this session is not likely,’ Senate President Martin Looney, (D-New Haven).

MGM Springfield Uproots Historic Church While Massachusetts Lawmakers Advise Against Southeast Commercial Casino

The MGM Springfield has effectively relocated the 129-year-old First that is historic Spiritualist in Springfield, Massachusetts, to make method for its $950 million casino resort scheduled to open in 2018.

200 yards and five-and-a-half hours later, land previously occupied by this church that is historic now clear for the MGM Springfield. (Image: Dina Rudick/Boston Globe)

The church was moved on Tuesday some 200 yards from where it stood since 1887 after weeks of preparation. The journey took hours that are five-and-a-half or a blistering 1.8 feet each minute.

Of course, speed was of small concern as preservation of this eminent building and assurance of its integrity was vital for the going team. When all was said and done, the 200-yard voyage cost MGM $800,000.

‘Today’s church relocation marks a milestone that is exciting this project,’ MGM Springfield VP of Construction and Development Brian Packer told reporters.

Springfield Mayor Domenic Sarno (D) placed a fun twist on his remarks by stating, ‘I think in the event that you look at the meaning now of ‘Holy Roller,’ that might fit the bill.’

Maintaining History

One of many primary concerns among neighborhood residents with building the MGM Springfield in the location developers and MGM professionals preferred was how the mega-resort might impact the area’s historical structures.

MGM committed to both the Springfield Historical Commission and Massachusetts Historical Commission that it would take every step possible to assure the region that it couldn’t be bulldozing its method through the town. Rather, MGM claims its goal is protect the rich reputation for Springfield.

‘Once visitors pull the highway off and into our strategically located parking garages, those who want to go through the many historic, cultural, company, and educational draws that Springfield is offering, will be associated with Union Station and other central locations with a trolley system,’ the MGM Springfield internet site explains.

Lawmakers Warn Gaming Commission

The Massachusetts Expanded Gaming Act passed last year called for the issuance of licenses for three resort that is commercial facilities in three split regions.

The Wynn Everett, now referred to as Wynn Boston Harbor, and MGM Springfield claimed the first two spots representing the main and sections that are western. But Region C, the part that is southeast of state comprising Bristol, Plymouth, Nantucket, Dukes, and Barnstable counties remains up for grabs.

The Mashpee Wampanoag Tribe is currently constructing a $1 billion casino on its land that is native in. The tribe, which doesn’t need state approval to build such a facility on its own reservation, would spend a 17 % taxation on its gambling revenues unless Massachusetts violates the gaming compact and allows a commercial casino to be built within 25 miles of Taunton.

Rush Street Gaming has proposed a $677 million gambling resort in Brockton and was expected to receive approval by the Massachusetts Gaming Commission (MGC) when the governing body matches week that is next discuss Region C.

Seven state lawmakers are advising the MGC to vote up against the Brockton resort as the Mashpee would be allowed by it Wampanoag Tribe to operate a casino tax-free.

‘ We have serious concerns that total revenue collection by the Commonwealth is not being given the consideration that it deserves,’ the coalition penned in a letter to the MGC this week.