Penn National Partners with Jamul Indian Village for California Casino

Penn National Partners with Jamul Indian Village for California Casino

Nestled in the hills of San Diego County, the now under-construction Hollywood Casino Jamul are going to be managed by regional operator Penn National (Image: artist’s rendering)

Penn National Gaming is moving into the Ca market with a brand new casino project in partnership with Jamul Indian Village, about 20 miles east of San Diego. The $360 million development still requires the blessing of this National Indian Gaming Commission for Penn to be approved as its management company, but that’s mostly seen as a formality at this point, and construction is underway.

Penn National runs the chi-chi M Resort on the far south end of this Las vegas, nevada Strip; the very casino that is last in fact, before you head off to Southern California.

Native Compact Place to Use

To be called the Hollywood Casino Jamul, the new project can certainly make use of the Native American tribe’s California video gaming compact, held since 1999. The construction that is new be three stories and a total of 200,000 square feet once completed. Year it’s expected to open towards the end of next.

Penn National Chief Operating Officer Jay Snowden says the brand new casino will ‘bring to fruition [the Jamul’s] vision to revitalize their reservation and become self-sufficient, while simultaneously sharing video gaming revenue with local governments and charities.’

Going up away from San Diego’s State Route 94, one concern had been traffic Continue reading “Penn National Partners with Jamul Indian Village for California Casino”

Middle income Tourism Expands as VIP Market Slows in Macau

 Middle income Tourism Expands as VIP Market Slows in Macau

Macau is pulling more of these types of Chinese tourists now, and fewer whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now thought to be the #1 gambling revenue locale in the world has had another record year, with a $45 billion intake in 2013, lots that represents an 18.6 per cent jump from the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before had been really a bit greater than this, percentage-wise, Macau continues to beat out the United states gambling mecca with a seven-times-greater input annually.

Welcome, Comrades

But while previous years’ growth was mainly attributed to the mega-wealthy Chinese whales who stumbled on the Chinese unique administrative district to play at opulent casinos such as the Venetian Macao or Galaxy Macau, the newest year’s upswing happens to be more because of the most popular guy, i.e., China’s middle-income group and their new access to the neighboring gambling kingdom.

Most credit with this influx regarding the masses goes to an ever-growing high-speed rail system, and a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly reduced access time to Macau. That reality, in turn, is making it possible for numerous more day and brief trip travellers in the future and spend their funds at Macau’s gambling enterprises; new attractions goin Continue reading “Middle income Tourism Expands as VIP Market Slows in Macau”

California Legislators Continue to Grapple with Gambling Options

California Legislators Continue to Grapple with Gambling Options

indian dreaming slots for iphone

Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this present year (Image: Michael Macor, The Chronicle)

A fresh California gambling bill approved week that is last the State Senate could up taxes and review regulatory procedures on the Golden State’s ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 goes under the microscope of a gaming policy advisory committee comprised of both industry executives and members of the general public, with the goal of determining whether or not the existing regulatory structures that are in place are aiding or abetting California’s current and future financial outlook.

Regulatory Review

Furthermore, the panel will review the effect of hawaii’s numerous card clubs on both state and local tax flows, aswell as on charges to both. Yee said he’s exploring the chance that more non-Indian gaming outfits may help improve California’s ever-struggling coffers to become fuller.

‘Despite the news that is good’ve seen in budget projections, I think it is usually worth taking a look at new revenue sources for our state,’ noted Yee. Once the committee review is complete, the bill that is new move ahead to your state Assembly for further assessment.

Of course, as Newton so sensibly noted, for every action there is a similar and equal response, and nowhere does that hold truer than in the world of gambling Continue reading “California Legislators Continue to Grapple with Gambling Options”

Illegal Sweepstakes Operator Gave Cash to North Carolina Politicians

Illegal Sweepstakes Operator Gave Cash to North Carolina Politicians

Numerous North Carolina politicians accepted campaign contributions from illegal sweepstakes operator Chase E. Burns.

Politics could be a dirty business, but there are several places even politicians don’t wish to attend get money for their campaigns, at the least not knowingly. They are few and far between, needless to say, nevertheless they do exist and illegal gambling operations are probably near to the top of this list that is potential.

Hundreds of Thousands in Political Efforts

That’s why a recent tale out of North Carolina has made headlines maybe not for any such thing lawmakers there may have done but for where their campaign funds have come from. It’s been stated that a bank checking account used year that is last make a total of $235,000 in campaign contributions to a large number of North Carolina candidates for governmental workplace included laundered money funds from the criminal gambling enterprise run by an Oklahoma resident.

The donations came from Chase E. Burns, an Oklahoma man who ran sweepstakes games in states such as for example Florida. It had been one of several reports tied to his businesses that are illegal which is why Burns has been already been prosecuted in both Florida and Oklahoma.

In Burns pleaded no contest to two criminal counts of assisting in the operation of a lottery september. This was actually a much lighter sentence than he might have received: before Continue reading “Illegal Sweepstakes Operator Gave Cash to North Carolina Politicians”