Lottery Fraud Investigation Goes Nationwide

Lottery Fraud Investigation Goes Nationwide

Ex-lottery official Eddie Tipton, that is suspected of repairing lottery draws in at the very least four more states beyond the fraud perpetrated in Iowa.

A probe into lottery fixing in the US escalated this week as authorities expanded their investigation nationwide, fearing that an worker that is ex-lottery of fixing the Iowa draw may have pulled the trick all across the country.

Eddie Tipton, 52, the former director of data security at the Multi-State Lottery Corporation, was sentenced to a decade in prison in September for rigging the Iowa Hot Lotto game in an attempt to claim a $14 million prize.

Prosecutors successfully argued that Tipton installed a self-destructing hack program to make certain the random number generator used in the draw on December 29, 2010 picked his numbers.

He also tampered with surveillance digital cameras so his installation of the computer software could not be detected.

Anonymous Claimant

An effort ended up being initially made to claim the prize with a Canadian guy called Philip Johnson, who claimed he had been too sick to collect the money in person, however the claim had been refused because Johnson was unable to validate he was the dog owner of the ticket.

Johnson phoned days that are again several stating that the ticket ended up being, in reality, owned by an individual who wanted to remain anonymous. The Iowa lottery once more refused the claim regarding the grounds that the rules forbade an Continue reading “Lottery Fraud Investigation Goes Nationwide”

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

One of the ‘Big Four’ audit companies, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.

PricewaterhouseCoopers’ (PwC) worldwide Gaming Outlook, published in 2011 forecasting the half-decade leading for this, hit the nail regarding the head regarding much of the gambling industry’s economics, but the firm missed the mark on two key issues.

PwC got a lot right in its five-year outlook on gambling, but failed on what has emerged while the two most predominant dilemmas in worldwide gambling news: Macau’s economic issues and fantasy that is daily (DFS).

To its credit, PwC rightly foresaw on line gambling in the usa, saying states would legalize Web gambling enterprises separately before Congress would intervene.

That was a projection that is bold 2011, taking into consideration the Department of Justice and FBI had just recently seized the assets of PokerStars and Full Tilt Poker, but nonetheless a prediction that arrived true.

PwC also correctly hypothesized Internet gaming could be used to complement land-based casinos, a prophecy that came to pass as Nevada, nj-new jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race tracks.

The audit and assurance, tax advisory, consulting, legal, and actuarial organization disclosed that the international Gaming report wasn’t meant to offer legal or investment adv Continue reading “PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence”

Florida Agrees $3.1 Billion Deal with Seminoles

Florida Agrees $3.1 Billion Deal with Seminoles

Florida governor Rick Scott hails the largest tribal rev-sharing in history as dispute with Seminoles is placed to bed.

The Seminole Tribe’s political standoff with Florida governor Rick Scott was finally resolved this following a deal which will see the Seminoles pay $3.1 billion to the state over seven years in return for the right to offer craps and roulette week.

It’s thought to be the biggest tribal rev-share agreement in the US, dwarfing the cut received by the state beneath the regards to the previous contract.

Florida inked a deal with the Seminoles in 2010 which provided the tribe exclusivity on blackjack in the continuing state in exchange for $1 billion, spread over five years.

The deal also prevented the expansion of slots gambling beyond that which already existed at a few of pari-mutuel racetracks, providing the Seminoles a stranglehold on the slots market.

This agreement expired on August 1 this year, and the two parties have been negotiating from the time.

No Expansion for 20 Years

The Seminoles, who own seven properties within the Sunshine State, will be prohibited from expanding their operations for a period of 20 years. Even though gaining the right to offer craps and roulette, the operator that is tribal relinquish its monopoly on blackjack and slots.

This enables the expansion of blackjack into the Miami-Dade and Broward racinos and up to 750 slots at other venues such once the Palm Beach Kennel Club.

‘The co Continue reading “Florida Agrees $3.1 Billion Deal with Seminoles”