Category Archives: Lucky Nugget Casino

Runner Runner Hits Buttons that is hot on Sides of Gambling Fence

Runner Runner Hits Buttons that is hot on Sides of Gambling Fence The American Gaming Association (AGA) has ruffled some feathers by running political ads about the new on-line poker film Runner Runner Movie Stars of films nowadays often know ahead of time that most forms of merchandising and interviews are an element of the […]

Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers Is Florida ready for more games of chance? A new commissioned study says, ‘Why not?’ Florida is currently among the more active states when it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear most likely to see slot machines […]

Harry Styles of One Direction Caught Gambling Once Again in Perth Casino

Harry Styles of One Direction Caught Gambling Once Again in Perth Casino Harry Styles of boy musical organization One Direction forgot there’s always someone around to recently document your indiscretions Even successful young pop music stars need to watch their bankrolls when gambling it seems: last year, the members of the uber popular child band […]

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out It’s been decades in the making, but Japan spurred on by the promise regarding the 2020 Tokyo Summer Olympic Games appears to be finally making a real push towards legalizing land gaming in the area nation. News reports from Reuters say a solid draft of a gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for early 2014 passage, God willin’ and the crick don’t rise. Baby Procedures Towards Legalization At Last Whether or not that happens on schedule, however, it might take another two years for the legislators to drum up a more in-depth overview that is regulatory which often would at long last open the road towards bonafide legal gambling enterprises to start being built. The objective, of course, being to possess everything up and prepared to roll over time for those all-important tourists to be able to drop some chunks of modification if they come to Japan for those summer games. As we’ve been seeing advertisement nauseum of late, corruption, crime and gambling appear to often sleep in the same bed together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards within their casino regulations. These include creating a gambling that is independent who does in turn oversee the license application procedure, as well as making it mandatory for any licensees to really have a decade’s worth minimum of their tax, banking and credit info on all their top-level executives designed for review. And not just the actual execs, but all the executives’ family members will also be scrutinized, presumably so no-one can hide anything by putting it in a spouse’s or sibling’s or son’s or daughter’s name. Oversight Group Will Be Cabinet-Level The regulatory body will probably be set as a de facto case group, with the aim it not beholden to any particular Japanese ministry in its dealings for it being to make. That, in turn, is likely to minimize the likelihood for graft or coercion by some of the Japanese mob: the so-called ‘Yakuza’ organized crime syndicates who might try getting their arms into the casino cookie jar. In presenting the plan’s principles, legislators said the overall idea is to ensure ‘the hurdles to enter the business should be set high … With proper regulation and enforcement … there is absolutely no reason for gambling enterprises to become hotbeds of unlawful activity.’ Also in the start-up proposal that is regulatory calls for limits become set on just how many casinos can be approved in the initial phases, to make certain that laws will be enforced and the general impact of these entities regarding the population at large are assessed. And while well-known choices of major metropolitan facilities such as Tokyo and Osaka will most likely be the first locales for these brand new legal gambling enterprises, there are also provisions within the plans to make sure that some smaller towns and cities could additionally be taken into consideration for future projects. Buyers and Sellers Dance the Dance with Atlantic City Casinos Everybody wants a piece of Atlantic City’s casinos these full days, it appears Ah, the Atlantic Club in Atlantic City: the lady that everybody wants to rest with, but no one shall marry. This nj-new Jersey land gaming joint keeps on finding brand new suitors, however, and now an one that is new popped up on the horizon: a local attorney-slash-entrepreneur, George Miller, who’s created an investment group because of The Flynn Company CEO Kevin Flynn of Philadelphia. Apparently, this real estate duo are eyeing all types of East Coast gambling enterprises, with the goal of firming something up before New 12 months’s 2014 strikes midnight on the clock. Atlantic Club Simply One Contender While Miller won’t come right away and say who is looking like they’ll certainly be getting a diamond just yet, he did inform the Press of Atlantic City their team hasn’t eliminated the Atlantic Club as being a contender, but that they were ‘looking all over the place’ for just the right spot to make their deal. The situation is manufactured a bit more interesting for the reason that both Miller and Flynn hold really small stakes in A pennsylvania that is caesars-run property albeit only a 0.25% stake each. Press of Atlantic City interviewer Donald Wittkowski suggests that this minor alliance could assist the duo, as Caesars has four casinos in Atlantic City and could be prepared to part with one. You might recall that Caesars’ international debt-load is sky-high, and some cash right now might be above welcomed as a number of their notes are coming due in 2015. Rumors are that possibly Trump Plaza, Golden Nugget and Revel along side Caesars’ Showboat might all be getting sexy glances from Miller and Flynn at this time. Lots of Inventory Shared It looks like it’s a sellers market these times, however; additionally in line to buy something in Atlantic City likely to then get in position to have a gaming that is interactive for AC’s imminent Internet launch are outfits like PokerStars, possibly Kentucky’s Churchill Downs horse racing operation, and even Philly’s SugarHouse casino owners are said to be trying to expand into the Atlantic City market. British operators 2UP Gaming is additionally reported to be thinking about AC, backed apparently by the unnamed mogul that is asian. The Plaza (which killed a potential deal with the West Coast’s Meruelo Group for $20 million when the casino’s main mortgage holder Carl Icahn said ‘I don’t think so’ to the low-ball offer), as well as the Golden Nugget and poor ol’ Revel, which just can’t seem to stand up, it’s so debt-heavy at the top among the properties letting it be known they could be available for the right price are the now-infamous Atlantic Club. Needless to say, you could wonder why a town whose casinos are doing this generally awful into the net earnings division is being therefore eagerly courted by numerous these days, and the answer that is obvious both the interactive gaming potential (you can’t get an online operator’s license without buying a land casino) also as the seemingly vague potential for the legalization of sports betting in Atlantic City’s land gambling enterprises, which has been shot down more times than an Iranian war air plane over the White House. Regardless, Miller claims their investment group is doing its due diligence concerning this market. Despite Atlantic City’s crappy profit ledgers the past several years, he claims he views ‘a lot of good on the horizon.’ Caesars Entertainment Rearranges Deck Furniture for Debt Restructuring Caesars Entertainment is doing plenty of restructuring, but will it help their economically ship that is sinking? Can this level of Titanic debt be salvaged from dragging the ship to your base associated with ocean that is financial? That is the question being asked as Caesars Entertainment Corp. put Planet Hollywood one of the kingpin Las Vegas Strip properties as a new holding company, along with the Interactive Division and the still-being-built Horseshoe Casino Baltimore. The company has instructed its shareholders they’ve only until Oct. 17th to have in for a stock fire sale to bring in $1.18 billion in much-needed cash infusions as well. And you also thought your storage sales were busy. Shareholders Can Purchase Stocks First The Securities and Exchange Commission (SEC) filing made by Caesars announces that shareholders are certain to get very first dibs on one share each of the new Caesars Acquisition Co. (CAC) for each and every share of this parent that is existing they own. This restructuring has been in the works because this Spring that is past had been officially authorized by the Nevada Gaming Control Board in July. The newly formed CAC will be a partial owner of the also newly created Caesars Growth Partners, and along with Caesars Entertainment (are you dizzy yet?), the new entity will own Planet Hollywood, the Baltimore under-construction property, and Caesars Interactive Entertainment, which, of course, spearheads the World Series of Poker (WSOP) real money online poker brand that just recently launched for Nevada Internet players under the restructuring. Now you might think the idea of all this fundraising is to pay the company down’s massive existing debt, but evidently, they are studying the White home financials, because they say the raised funds will go towards brand new casino jobs in the U.S., in addition to more online development, in conjunction with 888 Holdings, to get a few online casino sites up and rolling in New Jersey when that state goes online on November 26. They must be in a pissing contest with Obama for the greatest achievable debt ceiling. Gambling’s Highest Debt Load Think we’re kidding? Caesars has the dubious honor of holding the casino industry’s highest-ever debt that is long-term at $23.5 billion. In early 2014, they shall perform a refi of about $5 billion of that, and got about $200 million towards that amount in a stock sale already. This debtload that is somewhat scaryn’t appear to be deterring anyone from teaming up with the gaming behemoth though; Detroit-based Rock Gaming is in on a joint venture with Caesars to own and operate the $400 million Horseshoe Baltimore once it’s completed and prepared to open in 2015. And Suffolk Downs Racetrack in Boston went into partnership with all the ongoing company because well, as they try to get their $1 billion casino project accepted and built in Boston in Massachusetts’ Battle associated with the Casino Giants game. Tends even Caesars Deputy General Counsel Michael Cohen isn’t totally sure about this restructuring gameplan, but. ‘Compared to our capital structure, that isn’t a big change,’ he told the Nevada Gaming Control Board about the company’s spinoff concept once they signed off on the plan in July. ‘Caesars features a lot of debt. We think it is manageable, but others disagree.

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out