While mapping plans for a multimillion-dollar expansion, Caesars casinoexecutives have begun laying groundwork for the local government in HarrisonCounty to share some of the project’s costs. Caesars general manager EdGarruto approached Harrison commissioners last summer about having thecounty pay several million dollars toward the improvements. The paymentslikely would come from about $10 million in profit-sharing […]
Tag Archives: casino
At 32 years old, Bill Kearney was a self-made millionaire who had overcomethe limits of his ninth-grade education to own a thriving business. At 33,his life began to disintegrate. He was a compulsive gambler who was well onhis way to losing his wealth, his drapery manufacturing business inPhiladelphia and his marriage. “I was using every […]
In contrast to the United States government’s criminalisation of onlinegambling, the South African government is legalising the industry in anattempt to regulate and control it. Online gambling – said to be worthmillions — is currently illegal in South Africa, but the Department ofTrade and Industry has given a draft amendment Bill (which will allow forthe […]
As widely anticipated, President Bush this morning signed a bill whoseprincipal purpose is to tighten security measures for the nation’s seaports. But attached to that bill at the very last minute — in order toprevent Democrats running for re-election next month from stopping it — wasa federal ban on banking institutions knowingly transferring funds tobusinesses […]
The beleaguered online gambling industry is bracing itself for a wave ofcompany collapses and redundancies, after World Gaming collapsed intoadministration today. It is the first company to crash, following the shockdecision of the US senate to outlaw online gaming last month. PresidentGeorge Bush is expected to sign the legislation into force later today. Allthe online […]
European Commission competition officials are crying foul over plans by someEuropean states to restrict foreign sports betting and gambling servicesfrom operating in their countries. Brussels is considering legal actionagainst protectionist barriers planned by France, Italy, and Austria thateffectively ban foreign online gaming and casino operators. In total, nineEU member states face possible action over the […]
The European Commission today threatened legal action against France, Italyand Austria for restricting sports betting and gambling services, includingbanning foreign online gaming and casino operators. Its move, bringing tonine the number of EU countries whose gambling legislation is underinvestigation, was hailed as a shot in the arm by the ?50bn European bettingsector – several of […]
One of the strongest benefits of bringing gambling to Northeast Ohio will bethe $75 million that can be used by the region to stimulate economicdevelopment, said Joe Roman, president of the Greater Cleveland Partnership.GCP is one of the groups that crafted the constitutional amendment that isstate Issue 3 on the Nov. 7 ballot. In a […]
A bid by a pair of private-equity firms to buy Harrah’s Entertainment, ifapproved, will offer the latest evidence of a flourishing symbioticrelationship between Nevada regulators and the casino industry. A vital roleof regulators is to set the bar for who is allowed to operate casinos inNevada, and to conduct background investigations into their character.Reputation, honesty […]
Angry demonstrators and rabbis as well as a ban on gambling failed to stopthe inauguration of Israel’s first horse racetrack, as thousands of fanscheered the four-legged competitors. It’s not much at this point – just acollection of collapsable tents with a makeshift grandstand in the middle ofa field in northern Israel – but as the […]
U.S. Sen. George Voinovich thinks he can keep casino gambling out of Ohioone way or the other. He’s not up for re-election this year, but he’straveling the state spearheading the Vote No Casinos effort that is opposinga ballot initiative to bring slot machines to Ohio’s seven race tracks andtwo sites in Cleveland. That initiative, called […]
Prior to analyzing how the new federal law interacts with state gaming law,it is necessary to have a basic understanding about the two constitutions bywhich we are all bound. Every state has a constitution that is a body oflaws that the citizens of that state must follow. There is also a federalConstitution that all citizens […]
BRITISH firms continued to feel the strain of a crackdown on internetgambling in the United States as two more firms abandoned operations acrossthe Atlantic.London-based casino Leisure & Gaming said it was “no longer appropriate” forthe company to accept US customers after Congress approved the UnlawfulInternet Gambling Enforcement Act. It also revealed it was consideringselling its […]
The fallout from new laws restricting internet gaming in the US cast a pallfurther across the City yesterday when two more London-listed companiessuspended operations there. Fairground Gaming and Leisure & Gaming, whichrun casino and poker websites, joined the mounting casualties fromCongress’s shock decision this month to ban banks and credit card companiesfrom processing payments from […]