New Hampshire Grapples with Impact of Possible Land Casino

New Ham<span id="more-4825"></span>pshire Grapples with Impact of Possible Land Casino

A poker dealer lays out charity fundraiser competition chips at a Salem, N.H. makeshift casino; the New Hampshire legislature now desires to approve one land that is legitimate for hawaii (Image:

New Hampshire may have a reputation as a quiet, relaxed state where bed and breakfasts and a little skiing are about the most exciting happenings around, but that image may be about to change. With everybody else in the region gathering their gambling industries, it seems as if the Granite State may be prepared to become listed on into the brick-and-mortar race and welcome a land casino of the own.

Representing the Future

In accordance with reports, over 100 representatives in the state House of Representatives have signed on to a bill that would welcome only one casino to the state of the latest Hampshire. That’s more than half the quantity of representatives that would eventually need to vote for such a bill to pass your house.

People declaration ended up being meant as a sign of very early strength for the bill. A total of 108 representatives publicly supported the bill, making up a bipartisan team of 83 Democrats and 25 Republicans. Many of those representatives also participated in a press conference to show how strongly they felt about bringing casino gambling to New Hampshire.

‘We have momentum because we listened,’ said Representative Katherine Rogers. ‘We heard the concerns of House members final springtime whom said we don’t have the best regulatory framework.’

All Systems Go

The new bill addresses issues, giving hawaii plenty of oversight over the casino bidding procedure and supplying financing for problem gambling services. The bill allows for just one casino, utilizing the permit for that casino going through a bidding process that is competitive. It would also create a brand new Hampshire video gaming commission that would oversee not just the casino, but also the lottery that is existing racing, and charitable gaming operations into the state.

‘There are major improvements that could make sure expanded gambling will be a good deal for the citizens of New Hampshire,’ said Representative Jeremy Dobson.

Late this week, the House Ways and Means Committee held a hearing on the bill, referred to as HB 1633. Supporters pointed out the economic benefits of a casino, saying it could make significant revenues without needing a broader income tax increase. It would be a source that is new of in a declare that tends to lose young employees with other parts of the united states.

‘We are running away from time to attract individuals stay in New Hampshire and to give individuals jobs here,’ said Diana Lacey, president of the State Employees’ Association.

One concern raised at the hearing was the basic concept that casino gambling may perhaps not easily fit into with all the current ‘brand’ New Hampshire has in the minds of tourists and visitors.

‘We would not have such a need that is chronic this income that we are willing to put up with the burdens and the cost and the damage to our brand,’ stated Concord developer Steve Duprey. While some supporters pointed out that New Hampshire’s motto is ‘Live Free or Die’ which would suggest that citizens should really be permitted to choose whether they desire to try out at a casino or maybe not Duprey countered that the continuing state nevertheless had to create decisions in what’s right and acceptable for New Hampshire.

But other people disputed the branding claim. Pat Griffin, A new Hampshire resident who had worked in advertising and marketing for hawaii’s tourism industry, pointed out that 41 other states have some type of casino gambling, and that hasn’t impacted the majority of their brands. For instance, Colorado has 41 casinos, but is still understood for its hills and skiing. One casino, he said, will not be the point that is tipping changes just what brand New Hampshire means to site visitors.

Toronto Man Wanted After Failure to pay for $12.9M to Las Vegas Casinos

A new nomination for ‘World’s Dumbest Criminals’ is actually a Canadian man who reportedly owes the Venetian casino in Las Vegas and one other $12m in IOUs and is now AWOL and wanted

There are always a few things that can get you selected for ‘World’s Dumbest Criminal’: robbing a bank with surveillance cameras everywhere, attempting to steal a police vehicle, and many truly near the top of that list would be skipping out on major casino gambling debts. Not smart, not smart at all.

That’s what one Toronto high-roller is finding out after neglecting to repay some $12.9 million in losses to two Las Vegas gambling enterprises, dating all the real way back again to 2008. Authorities are now actually seeking him out to file fees in the instance.

Not-Yet-Arrested Development

43-year-old Semion Kronenfeld is now known as on a Clark County District Court arrest warrant, after having a grand jury indicted him on 12 counts of felony theft, writing bad checks, and obtaining money under false pretenses. This puts Kronenfeld in a particular kind of stupid category, since it’s one of the biggest unpaid casino financial obligation cases ever in Nevada, and if convicted, truly the only place this Canadian will be rolling dice is inside a state penitentiary, possibly for decades.

The Clark County indictment which was handed straight down this week says that the high-roller failed to settle $7.9 million back in October of 2008 on IOUs made away to the Venetian casino on the Las Vegas Strip. Then, just two weeks later, Kronenfeld presumably pulled a number that is similar the Stations Casino-owned Green Valley Ranch casino, located in Henderson, just outside of Las Vegas proper; he reportedly stiffed that property for $5 million.

In accordance with Nevada legislation, unrepaid casino IOUs are considered fraudulent checks. With a bounty that is prosecutorial of percent for ‘processing and prosecution’ put on any pre-trial settlements for these cases, many such incidents are placed to sleep without any charges being filed; clearly, which has not been the case right here, though.

As of this writing, Kronenfeld remains AWOL, according to prosecutor Jake Merback, who heads up Clark County’s bad check unit, and calls to Kronenfeld’s attorney in nevada, Craig Mueller, were not returned.

Kronenfeld’s case went public back in 2009, at which point the Canadian was placed in casino credit reports as having their own real estate investment business, based in Ontario. Apparently he also holds A israeli passport and was recognized to have numerous spellings of his final title, sometimes spelling it ‘Cronenfeld.’

In Good Company with Other Big Losers

While enormous, Kronenfeld’s case is hardly the only real large bad-debt situation to strike Nevada’s casinos in recent years. One particular high-profile case involved the previous owner of chatchke-manufacturer Oriental Trading Co., Terrance ‘Terry’ Watanabe, who ended up being indicted in 2009 after it was alleged he failed to pay right back (then) Harrah’s Entertainment, Inc (now Caesars Entertainment) in the amount of $14.75 million in IOUs. However, Watanabe counter-sued Harrah’s and a settlement for an amount that is undisclosed reached in July 2010.

And Watanabe is not the sole other gambler that is high-profile get caught without repaying their debts; notorious porn-purveyor Joe Francis of Girls Gone Wild fame was also the topic of an IOU dispute with Wynn Resorts Int’l to the tune of $2.5 million. And former NBA All-Star Antoine Walker whom pleaded accountable before his case stumbled on trial received a 5 years’ probation phrase and had to fork over $770,000 in restitution.

Florida Faces Battle associated with the Bulging Wallets by Warring Casino Factions

It’s a fight to the finish, with he who spends most having a shot that is good winning, as casino and anti-casino factions face down in Florida (Image: istock)

Las Vegas Sands CEO Sheldon Adelson often lobbies for casinos and sometimes lobbies with gusto and lots and lots of cash against them(as in his massive anti-online campaign for the past year); but whatever he does, he does it. Therefore it should come as no surprise that his company is one of several casino that is major backing 100 lobbyists (well-armed with every politician’s favorite form of homage: moolah) whose goal will be to place some pressure on Florida’s legislators regarding the Sunshine State’s stalled land gaming status.

Fighting for County Rights

Obviously, gambling clothes with something to gain are most enthusiastically behind this legislative posse’s funding; which puts Genting during the front side regarding the line; they are trying to get into the Miami beachfront market with a Resorts World Miami project for a long time now without success. This could be the standoff of all standoffs: because very recently, top state lawmakers caused it to be clear that the entire dilemma of gambling in Florida is low on their importance totem pole this year.

Nonetheless, money talks and you understand what walks, so last week Florida’s Senate Gaming Committee chair Garrett Richter promised to introduce a fresh bill making it possible for two resort casinos that could go up in Broward and Miami-Dade counties. By way of amazing coincidence, those two spots just happen to be precisely where both Adelson’s Sands and Genting have been hoping to secure casino web sites. And more luck that is good Florida’s 60-day legislative session kicks off on March 4, so it is all just in the nick of the time. Yessirree, Bob, those homage gift ideas can function the Red Sea whenever delivered over lunch at A tallahassee that is fancy eatery it would seem.

Richter who just per week before was decrying how impossible it had been to coordinate all of Florida’s various and sundry video gaming factions is now saying that while the issues at hand remain complex, he intends to get this casino plane ‘off the floor.’

He’ll have their work cut out him early Xmas presents for him, no matter how many lobbyists give. Florida’s compact with the Native American Seminole tribe gives that group rights that are exclusive popular and high-end (i.e., really profitable) table games like baccarat and blackjack. The 2010 compact did not encompass craps or roulette, and requires the Seminoles to shell out $250 million a to florida through 2015 year. From then on, tribal leaders are not planning on backing down easily; Seminole Gaming CEO Jim Allen reportedly told scouts from Sands and Genting when they first began their push two years ago that ‘[it shows] a Seminole lady on here, that’s perhaps not somebody from Las Vegas,’ referring to images on the Florida state flag.

And there is yet more complicated political waltzes going on into the Sunshine State, because former Governor Charlie Crist has decided he wants his old job straight back, meaning he’d have to unseat governor that is current Scott come November. Adelson, needless to say, has been known to throw his weight via his bankroll around within an election or two, and with Scott because the Republican incumbent (Crist was also Republican back as he was governor, but has since switched to first being an Independent, now a Democrat), Scott no question could use the Sands CEO’s support.

Towards the end, Scott possessed a meeting with Adelson in Las Vegas right after taking office in 2011, of which time he reported to be in favor of resort casinos in his state. Throwing even more fire onto this situation that is already incendiary the truth that the Seminole tribe donated a cool half-million to Scott’s rebid campaign last 12 months: the largest single political donation designed for the entire year. Talk about being taken in two directions.

Lines in the Sand(s)

Plus the battle lines were drawn elsewhere, too: needless to say, entrenched Florida icon Walt Disney Co. has made their views noisy and clear on the opposition to casino expansion in the state, and backed it up with $1.7 million spread among legislators over days gone by couple of years. Professionals predict campaign contributions gets even more excessive, in order to match Adelson’s nearly unlimited governmental budget to bring lawmakers around. In reality, the COO regarding the operating arm behind the Mardi Gras Casino in Hallandale Beach says he expects it all to turn into ‘ a major food fight’ before the election 12 months is over.

Of course, there is always a naysayer, and Senator Gwen Margolis (D-Miami) has already developed a bill to put an end to your lobbying some would say madness that is vote-buying. She desires to end the ‘sea of cash [that] was sloshing into the campaign coffers’ and claims only law against it’ll do the trick. Deemed the Public Confidence in Gaming Act, we desire her the best of fortune in getting this through. It probably appears as good a potential for which makes it as definitely absolutely nothing.


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