Nj-new Jersey Governor Chris Christie Demands Atlantic City Budget Slim Down for Municipal Workers

 Nj-new Jersey Governor Chris Christie Demands Atlantic City Budget Slim Down for Municipal Workers

New Jersey Governor Chris Christie is no longer crisscrossing the united states on the campaign that is presidential, and as such the Republican, now in his second gubernatorial term, has more time for you refocus their efforts on issues facing their own state.

Nj-new Jersey Governor Chris Christie said enough will do on Thursday, calling on state lawmakers to take solid control of the town. He made his case built with colorful graphs displaying the overspending that is reckless’s become rampant in Atlantic City.

No concern is more paramount in New Jersey right now than Atlantic City’s current monetary crisis. On Thursday, Christie told his fellow legislators that it’s into the city’s best interest allowing hawaii to take solid control of its finances.

‘Even with the support and the advice regarding the Emergency Manager that we applied in 2015, Atlantic City took only modest steps to rein their costs in,’ Christie said at the statehouse this week. ‘They face a $100 million spending plan shortfall this $100 million spending plan deficit this season . . year . They are the numbers, this is the math, and these are the important points, and there’s no debate about it.’

Park Place & Boardwalk Salaries

In Christie’s arguments, the governor highlighted exactly what he believes to be gross overspending on municipal workers. Armed with maps and graphs, he showed that 1 Continue reading “Nj-new Jersey Governor Chris Christie Demands Atlantic City Budget Slim Down for Municipal Workers”

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs

Investors folded on Macau casino stocks after Suncity Group, the region’s VIP junket company that is biggest, reportedly warned its employees to take additional caution when moving money to the Chinese enclave where gaming is permitted.

Billionaire Steve Wynn had been one of many casino magnates whom destroyed money on Monday, as Macau casino stocks dipped on continued uncertainty about the future of VIP junket operators. (Image: Vincent Yu/Associated Press)

Wynn Macau, traded on the Hong Kong Stock Exchange, destroyed nearly five % of its share price regarding the news. Galaxy Entertainment was down more than three percent, and MGM China, Sands China, and SJM Holdings all saw their valuations dip by at least two percent.

According to Barron’s, a financial newspaper, investors are fleeing on concerns that China’s anti-corruption campaign is soon to target VIP junket operations, for decades a vital part of drawing high-stakes players to various Chinese casinos. President Xi Jinping has been trying to stop the movement of money from the mainland to Macau, a former Portuguese territory that is today a tax haven where casinos regularly appeal to the Asian elite.

‘Investors are involved that the Suncity warning could preclude another crackdown on the industry,’ Barron’s columnist Daniel Shane composed.

Suncity Group warned workers recently to take extra precautions whenever moving money to and f Continue reading “Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs”

Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It

Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It

A brand new lawsuit will seek to establish that the slots industry in Australia is in breach of consumer law because they are deceptive and inspire addiction.

Australian poker devices (‘pokies’), or slots, since they are known within the US, are a multi-billion-dollar industry. Did you understand, for example, that you can find five times more slot machines per capita in Australia compared to America? Or that throughout the last year, growth in gambling has outpaced the growth of the economy that is australian 100 percent.

Politicians, anti-gambling groups, religious organizations, etc., are profoundly concerned about what they see as a gambling epidemic in the united states. And perhaps they must be.

Aussies spend more per head on gambling than any other country within the global world, studies show; an extraordinary $1,179 in 2011-12. That’s above twice as is gambled per capita in the usa and three times just as much as into the British.

The majority of this goes on pokies. Australians lose around $11 billion yearly on the machines, which comprises almost two-thirds of the united states’s gambling yield. And curiously, while gambling spend is up these days, the proportion of the populace actually engaging in gambling has fallen over the final 15 years, from 80 % in 2000, to 68 percent in 2014.

Machines are Deceitful

With figures adjusted for inflation, and assuming these statistics are proper, whi Continue reading “Will Aussies Ban Pokies? New Legal Challenge is Putting Money on It”

Gambling On Citi Field: Mets Owners Try To Open A Brand New York Casino

Gambling On Citi Field: Mets Owners Try To Open A Brand New York Casino

Simply as New York’s Gov. Andrew Cuomo and state legislators hash out discussions over whether or perhaps not to legalize casinos that are state-sanctioned the Empire State, it appears that the New York Mets may quickly have a casino neighbor of their own, albeit an Indian-run one. According to recent stories in The nyc Post, Mets owners Fred Wilpo and Saul Katz are exploring their options regarding creating a 500-room, full-service hotel/casino complex directly adjacent to Mets’ Citi Field park location; a bold move that may interest gamblers and non-gamblers alike with slots, dining table games, plus an additional 1.8 million square feet of luxury amenities and space that is retail.

Wilpo and Katz have actually inked a deal with the Southampton, Long Island-based Shinnecock Indian Nation to work the latest York casino when ( if) it becomes a reality. Attempting to sweeten the deal for nyc, the ownership group is apparently providing a $100 million signing bonus to the city for the 62-acre Queens-based site they have earmarked for the project, saying that the Willets Point locale will be used to attract millions of visitors from the New York area, aswell as worldwide.

Fueling the task are the hope of recouping a few of the multimillion buck losses the Mets’ incurred to the notorious Bernie Madoff’s disastrous Ponzi schemes previously. An added motivation will be a try to lure away New York Yankee Continue reading “Gambling On Citi Field: Mets Owners Try To Open A Brand New York Casino”

Poker Information: Sam Soverel 2019 Poker Masters, Guy Laliberte Pot Detention

Poker Information: Sam Soverel 2019 Poker Masters, Guy Laliberte Pot Detention

This week’s poker news delivers a variety of features ranging from a big win by Sam Soverel, legalities for famous poker enthusiast and philanthropist Guy Laliberte, and a sad ending for one player who suffered a bad beat. Let’s take a look at this week’s headlines:

Soverel Wins Purple Jacket With Dominant Efficiency In 2019 Poker Masters

Sam Soverel built one of probably the most dominant performances of his career this past week, cleaning up at the 2019 Poker Masters. The expert poker player cashed in seven of this 10 events held at Aria Las Vegas to secure the Poker Masters Purple Jacket and a $100,000 bonus once the player of the series.

Soverel closed out his impressive run with a triumph in the event that is main which paid out an impressive $680,000. He ended up home that is taking grand total of $1,396,800 in profits within the course of the series, which was more than double the earnings of some other competitor into the event.

His final stat line included two games, four third-place finishes and another top-five result over the 10-day group of high-stakes events. Soverel has now made a complete of 21 last tables in 2019, including seven victories that are outright. After picking right on up 1,619 Card Player Player of this Year points through the entire run, Soverel is now third in the Player of the Year standings.

Laliberte Detained In French Polynesia For Growing Marijuana

Cirque du Sol Continue reading “Poker Information: Sam Soverel 2019 Poker Masters, Guy Laliberte Pot Detention”