Wynn Passes Muster with Massachusetts Commission Suitability Check

Wynn Passes Muster with Massachusetts Commission Suitability Check

Steve Wynn is one step closer to having his Everett, Massachusetts casino at last (Image: ABC News)

The long and road that is winding leads to an Everett casino for Steve Wynn is getting nearer to the finish line: the Massachusetts Gaming Commission’s madly demanding investigative bureau has finally offered the go-ahead from a suitability point of view for the casino mogul to open his first-ever Bay State property.

Cleared for Takeoff

The recommendation was made week that is early last a commission meeting, and followed a four-member sign-off on a revised deal for the planned casino a few times early in the day.

Needless to say, Steve Wynn has to be breathing a sigh of relief. With his typical colorful and wording that is cut-to-the-chase he summed up his feelings on having made it this far and being this near the end of the regulatory hurdles altogether.

‘ This will be a big investment for us here in Boston,’ Wynn noted. ‘This is not a box of slots. This is a ‘wham-bam-thank-you-ma’am’ fancy hotel.’

Needless to say, there’s no free lunch with this commission; an organization that has proved to be finicky up to a degree who has driven all of the proposed casinos’ professionals to distraction. To that end, the Commission’s Bureau of Investigation and Enforcement continues to be demanding that some conditions be met, such as for example showing the outfit that Wynn’s interactions in his Macau casinos fall suit Continue reading “Wynn Passes Muster with Massachusetts Commission Suitability Check”

Moscow Illegal Gambling Dens are a real rat Race

Moscow Illegal Gambling Dens are a real rat Race

Illegal Russian casinos in Moscow have been roosters that are using even rats for gambling purposes, police state.

It may not be a practice that many of us agree with, but the majority individuals are familiar because of the idea of cockfighting osters that are fighting each other so that you can gamble in the outcome. You probably additionally remember dog fighting being in the news (especially when it football that is involved Michael Vick). But rats used for gambling purposes? That’s new to us.

Maybe Not Your Typical Sportsbook

Yet that’s exactly just what authorities in Moscow found when they conducted a raid on an gambling that is illegal in the city. Police announced that during a raid of a bookmaker on Novy Arbat Street conducted last month, they came across cages containing roosters, rats, and even bugs all of which they believed were utilized for gambling in the venue.

Police didn’t say which establishment the strange collection of animals came from, though they did report also recovering more traditional equipment, including eight computers that contained information on illegal gambling activities.

While there was no recognition of the venue targeted in the raid, conjecture in the media has fallen on an entertainment complex called Korona. Earlier this The Moscow News ran a piece detailing the activities going on at Korona, which is located on Novy Arbat year.

Cockfighting with Balloons

In that report, a fe Continue reading “Moscow Illegal Gambling Dens are a real rat Race”

Gallery Heir Hillel Nahmad Guilty in Russian Mob Gambling Ring Saga

Gallery Heir Hillel Nahmad Guilty in Russian Mob Gambling Ring Saga

Hillel Nahmad, left, poses together with his daddy during happier times in front of a Picasso on display at a NYC gallery showing (Image source: Arnaldo Magnani/Getty Images)

Playing poker well could be more of a art than the usual science, but for one young person in a family that is influential the art community, it proved that gambling wasn’t a great way to expand the family members business.

Hillel Nahmad ( also referred to as Helly) pleaded guilty to a federal gambling fee associated to the sweeping indictments earlier this year that brought down a gambling ring, one that included reputed Russian mafia members.

Show the Feds the Money

The plea bargain kept Nahmad from dealing with several of the most severe charges, but nevertheless required him to forfeit assets that are significant. Originally, Nahmad had been faced with racketeering, gambling, money laundering, conspiracy, and other crimes all of which were related to his role that is purported as of the leaders of the gambling band.

The ring it self ended up being no business that is small. Based on officials, the brand New network that is york-based in $100 million in bets, organizing secretive high stakes poker games and taking sports bets in the hundreds of thousands from celebrities and Wall Street billionaires.

In court, Nahmad noted that he had been mindful that the company he had started had changed into a major enterprise one that ended up be Continue reading “Gallery Heir Hillel Nahmad Guilty in Russian Mob Gambling Ring Saga”

Chinese care Banks to simply Say No to Bitcoins as Values Tumble

Chinese care Banks to simply Say No to Bitcoins as Values Tumble

The cryptocurrency tumbled in value (Image: Information Week as Chinese and Dutch authorities forbade their banks from accepting Bitcoins late last week

It’s very nearly come to symbolize the war between orderly society and the maverick movement away about them late last week from it, but whatever your views on Bitcoins the world’s most popular cryptocurrency and much in the news of late the news was not good. After many weeks of skyrocketing value hikes that took the digital money from about $60 per Bitcoin last March to more than $1,200 in late November, a stern warning through the central Chinese bank not to manage the currency caused a tumble that, as of press time, had Bitcoins poised between $731 and $737 in US dollars.

Meaningless Currency

The warning arrived after the bank noted that the cryptocurrency doesn’t have ‘real meaning’, does not have any legal backing and should not be handled by the Asian country’s banking institutions at all. Also noted & most likely more at the base of the banking that is chinese’s disdain your money can buy were the current high-profile connection between Bitcoins and cash laundering and illegal products procurement, specially on web sites like Silk path, which was recently seized and shut down by the FBI, just to reopen a month later ‘under new management.’

Ahead of the publicly issued warning, Bitcoins were gaining in popularity with the Chinese as elsewhere where t Continue reading “Chinese care Banks to simply Say No to Bitcoins as Values Tumble”