Colorado Casino Exec Provides Nevada Regulators Perfect Answer on Recreational Pot

Colorado Casino Exec Provides Nevada Regulators Perfect Answer on Recreational Pot

Marijuana isn’t all fun and games in the eyes of the Nevada Gaming Commission. The five-member regulatory panel has publicly warned gaming companies to continue treating the drug as an illegal substance though Nevada voters legalized recreational pot in last fall’s November election.

Nevada gaming officials state any casino within the state that invests in a business related to marijuana is placing their gaming permit at risk.

Using the first sales of recreational marijuana in Nevada scheduled to begin July 1, the Gaming Commission reiterated its anti-pot position during a licensing hearing this week in Las Las vegas.

Jacobs Entertainment was before the Commission to receive authorization to operate the Sands Regency Casino Hotel in Reno. Jacobs purchased the property from Truckee Gaming late last 12 months.

The Gaming Commission unanimously authorized Jacobs’ application, but not before Chairman Tony Alamo asked a representative for the company based in Golden, Colorado, about its marijuana policies.

‘Marijuana is unlawful federally,’ Jacobs Entertainment Executive VP Stanley Politano answered, in accordance with a study in the Las Vegas Review-Journal. ‘However, we have employees that will legally eat this stuff we treat alcohol so we treat marijuana very similarly to the way. If we have an event, we test for it and, just like alcohol, if there’s some problem, they’ll be disciplined accord Continue reading “Colorado Casino Exec Provides Nevada Regulators Perfect Answer on Recreational Pot”

PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive

PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive

PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned within the long-term financial implications stemming from the recent terror wreaked on Resorts World Manila that left 37 innocent dead.

About that Resorts World Manila attack? Should not have any impact that is negative gaming revenue, therefore says PAGCOR Chairwoman Andrea Domingo.

PAGCOR CEO Andrea Domingo told reporters this that her agency doesn’t expect the country’s casino industry to suffer as a result of the tragedy week.

On June 2, a guy reportedly experiencing a gambling that is severe, entered Resorts World within the capital city and lit elements of the gaming floor burning.

‘As of now, I don’t see any effect on the gaming industry,’ Domingo said, as reported by Malaya Business Insight. ‘since, we’re averaging P5 billion ($101 million) a month, so that’s around P25 billion as of May january. I believe we will have the ability to strike the prospective of P60 billion and above.’

The reason for Domingo’s seemingly unwarranted optimism is that the Resorts World attack isn’t believed to possess been linked to any terroristic organization. Capital Region Police Office Chief Oscar Albayalde stated the suspect, whom later committed committing suicide, was heavily indebted to the casino and that ended up being his main motive.

Unrest in Philippines

Even though many Americans feel President Do Continue reading “PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive”

Universal Entertainment’s Kazuo Okada Ousted from Philippines Casino for Alleged $17 Million Improper Transfer

Universal Entertainment’s Kazuo Okada Ousted from Philippines Casino for Alleged $17 Million Improper Transfer

Japanese slots maker and gaming Kazuo that is magnate Okada eliminated as president from Manila’s Okada Casino within the Philippines on Monday. It was the second position the 73-year-old billionaire has lost in as many weeks, after allegations that he improperly transferred $17.3 million from chichi casino Tiger Resorts Asia in March of 2015 to Okada Holdings.

Kazuo Okada (left, seen here in 2004 with their bestie that is former Wynn) was ousted as chairman from his Okada Casino in the Philippines this week, being an investigation into an allegedly improper $17.3 million transfer continues in that country.

Fourteen days prior, he had been relieved as president of Universal Entertainment Corp., the ongoing company he founded that settings both Philippine gambling enterprises.

‘As due to the current actions at Universal Entertainment a special stockholders’ meeting of Tiger Resort was convened followed by the organizational meeting for the board,’ stated the casino’s press launch. ‘Mr. Kazuo Okada had been removed as chairman of the board.’

‘Serious Breach of Governance’

The fraud that is potential uncovered earlier this month and Okada ended up being asked for the explanation as to why $17.3 million was taken from Tiger Resorts Asia and put in a company managed by Okada and his son. When he could not satisfactorily justify the deal, Universal hired three external ex Continue reading “Universal Entertainment’s Kazuo Okada Ousted from Philippines Casino for Alleged $17 Million Improper Transfer”