Caesars Entertainment Feeling Weathered After 2012

New Jersey Symptoms Online Gambling Legislation, Just a Nose Behind Nevada

After many years of waffling and vetoing, nj-new jersey Gov. Chris Christie finally finalized Assembly Bill A2578 into law this week, opening the door for online gambling to begin in a legalized, managed environment in nj-new jersey. The move arrived only a week after Nevada Gov. Brian Sandoval rapidly approved his state’s online gambling legislation; both states ensured they had provisions included that would allow for interstate compacts, to ensure gamblers from outside their specific jurisdictions could be in on the action.

But do not fire your computers up just yet in either state.

Could Be Months Before Gambling Comes On The Web

Even though new bill stipulates that actual online wagering must start in brand New Jersey between 90 and 180 days of the measure’s signing, Caesars Entertainment Corp. CEO Gary Loveman had been dubious. Loveman said within an interview this week that the actual launch dates might be a lot more like 18 to 24 months, and according to Nevada’s present not-much-faster-than-mud instance, that’s probably more realistic: the Silver State’s online poker licensees that are earliest have already sought and received extensions on the original launch dates. Presumably, merely the mechanics and technology, particularly with the added element of interstate players and just how taxes and regulations would work there, are extremely complex and unlike before the game was legalized, all i’s Continue reading

Chang Takes Down WPT Event for More Than a Million

Okada to Meet with Gaming Control Board Over Foreign Payments

The Nevada Gaming Control Board has called in Japanese billionaire tycoon and former Wynn director Kazuo Okada, along with three other directors of his Universal Entertainment Corp., for a closed-door hearing week that is next. It’s all right component of the Control Board’s ongoing research into allegations that $40 million in payments was made to Rodolfo Soriano, certainly one of Universal’s casino project consultants into the Philippines. Possibly the insinuation is that Soriano received the cash to grease some Filipino palms, but we would never ever imply such thing, of course.

We are able to only report that both the FBI and the Philippines’ comparable, the National Bureau of Investigation, were looking into the matter to see if anything improprietous had been done. Universal Entertainment has maintained that it acted lawfully in the Philippines; after all, who does not give their experts $40 million as being a token of the esteem?

Meanwhile, nobody’s commenting: not the Nevada Gaming Control Board and certainly no one from Universal Entertainment. Possibly that’s why they call it money that is hush.

No Wrongdoing Alleged

That is where we have to explain that no one has really or officially been accused of accomplishing any such thing, particularly anything wrong. But you can observe how it may look funny is all.

All this falls on the heels of Okada’s present resignation slash firing from the Board of Direc Continue reading