From out of nowhere it seemed like the United States, and the rest of the world for that matter, fell into a huge whole of economic depression about 2 years ago. It came and it seems that its still here, but in sunny Las Vegas profits are once again on the rise.
Business Week: Vegas Casinos Revenue Up 8.3%, First Gain in 2 Years
For the first time in about 2 years, gambling revenue in Las Vegas rose 8.3 % in November. Nevada’s Gaming Control Board said proceeds on the Strip rose to $473.8 million. Revenue for all of Clark County, including downtown Las Vegas, gained 6.9 % to $750.8 million, according to the board.
Vegas resorts have slashed room prices and increased special offers to spur demand. Daily room rates in October 2009 were $99.59 on average, down 14% from 2008, according to the Las Vegas Convention and Visitors Authority.
December 2007 was the last time gambling revenue increased, and then it rose less than 1%. New Jersey’s Casino Control Commission says Atlantic City gambling proceeds fell 9.8% last month.
Market Watch: Nevada gambling revenue up for first time since 2007
Good news came from Nevada, Tuesday, when state regulators reported an increase in gambling revenue for November, the first monthly rise in almost two years. Silver State casinos reported $873.2 million for the month, up 4.4% from November 2008. On the Las Vegas Strip, revenue increased more than 8% to $473.8 million.
Other jurisdictions reporting increases include North Las Vegas, the Boulder Strip and parts of Washoe County. The rest of Nevada was down by anywhere from 1.7% in downtown Las Vegas to almost 27% in South Lake Tahoe.
The total win on table games statewide jumped 17% to just more than $308 million, largely due to a better than doubling of the take from baccarat on the Strip. Slot-machine revenue was down slightly to $547 million.
Hotel rooms that were $300 are typically running at half that, squeezing margins in a business that’s traditionally high priced. These low room rates are attracting leisure travelers long priced out of the high-end resorts, keeping occupancy levels from falling as far as other key measures, but pressuring other revenues.
Analyst, Bill Lerner, commented, “multiple restaurateurs that we have spoken with are experiencing growth in key metrics such as covers and average checks,” and when that is combined with “overall Las Vegas visitation momentum … we are more confident that 2010 will represent the positive inflection in Las Vegas.”
ABC News: Nev. Casino Winnings up for 1st Time in 23 Months
November gambling revenue in Nevada rose for the first time in roughly two years, as casinos won nearly $873.2 million from bettors. The 4% rise in revenue from last November was the first increase after 22 months of declines.
State revenues collected in December topped $57 million, up 28.3% from $44.4 million last year. Taxes paid on casino winnings account for about 30 % of the state general fund. The control board said the state collected $313.2 million in the first 6 months of the fiscal year, down 5.1 % compared with July-December 2008.
November’s results benefited from baccarat on the Strip and the Nov. 14 Manny Pacquiao-Miguel Cotto boxing match at the MGM Grand. Revenue at Downtown Vegas casinos was down 1.3 %, while North Las Vegas and the Boulder Strip saw double-digit increases.
Clark County, which includes Las Vegas and is Nevada’s largest county, was the only county in the state with a year-over-year increase in monthly revenue.
From out of nowhere it seemed like the United States, and the rest of the world for that matter, fell into a huge whole of economic depression about 2 years ago. It came and it seems that its still here, but in sunny Las Vegas profits are once again on the rise.
Business Week: Vegas Casinos Revenue Up 8.3%, First Gain in 2 Years
For the first time in about 2 years, gambling revenue in Las Vegas rose 8.3 % in November. Nevada’s Gaming Control Board said proceeds on the Strip rose to $473.8 million. Revenue for all of Clark County, including downtown Las Vegas, gained 6.9 % to $750.8 million, according to the board.
Vegas resorts have slashed room prices and increased special offers to spur demand. Daily room rates in October 2009 were $99.59 on average, down 14% from 2008, according to the Las Vegas Convention and Visitors Authority.
December 2007 was the last time gambling revenue increased, and then it rose less than 1%. New Jersey’s Casino Control Commission says Atlantic City gambling proceeds fell 9.8% last month.
Market Watch: Nevada gambling revenue up for first time since 2007
Good news came from Nevada, Tuesday, when state regulators reported an increase in gambling revenue for November, the first monthly rise in almost two years. Silver State casinos reported $873.2 million for the month, up 4.4% from November 2008. On the Las Vegas Strip, revenue increased more than 8% to $473.8 million.
Other jurisdictions reporting increases include North Las Vegas, the Boulder Strip and parts of Washoe County. The rest of Nevada was down by anywhere from 1.7% in downtown Las Vegas to almost 27% in South Lake Tahoe.
The total win on table games statewide jumped 17% to just more than $308 million, largely due to a better than doubling of the take from baccarat on the Strip. Slot-machine revenue was down slightly to $547 million.
Hotel rooms that were $300 are typically running at half that, squeezing margins in a business that’s traditionally high priced. These low room rates are attracting leisure travelers long priced out of the high-end resorts, keeping occupancy levels from falling as far as other key measures, but pressuring other revenues.
Analyst, Bill Lerner, commented, “multiple restaurateurs that we have spoken with are experiencing growth in key metrics such as covers and average checks,” and when that is combined with “overall Las Vegas visitation momentum … we are more confident that 2010 will represent the positive inflection in Las Vegas.”
ABC News: Nev. Casino Winnings up for 1st Time in 23 Months
November gambling revenue in Nevada rose for the first time in roughly two years, as casinos won nearly $873.2 million from bettors. The 4% rise in revenue from last November was the first increase after 22 months of declines.
State revenues collected in December topped $57 million, up 28.3% from $44.4 million last year. Taxes paid on casino winnings account for about 30 % of the state general fund. The control board said the state collected $313.2 million in the first 6 months of the fiscal year, down 5.1 % compared with July-December 2008.
November’s results benefited from baccarat on the Strip and the Nov. 14 Manny Pacquiao-Miguel Cotto boxing match at the MGM Grand. Revenue at Downtown Vegas casinos was down 1.3 %, while North Las Vegas and the Boulder Strip saw double-digit increases.
Clark County, which includes Las Vegas and is Nevada’s largest county, was the only county in the state with a year-over-year increase in monthly revenue.
The controversial issue of casino gambling in Alabama came to a peak when the state’s governor, Bob Riley, ordered a raid on a new $87.5 million casino in the middle of the night and the action was halted in its tracks by a judges blocking order.
LA Times: Judge halts state raid of $87M bingo casino in latest round of Alabama’s fight over gambling
Near 40 Alabama state troopers gathered before sunrise, Wednesday, for a Gov. Bob Riley approved raid. The target: bingo machines at a new, allegedly illegal, $87 million casino near Dothan.
Local officials moved quickly to defend the targeted site, going to a judge’s home after midnight to get an order blocking the raid. The order was given to police before they could seize the 1,700 electronic bingo machines at Country Crossing.
County Commissioner Mark Culver denounced the Governor’s Task Force on Illegal Gambling’s attempt to shut down the bingo and entertainment complex, which created 1,300 jobs in the struggling community.
Bill Eadington, a University of Nevada at Reno gambling expert, said Alabama casino investors relied on questionable laws to build, but casinos are hard to close when restaurants and hotels, that produce lots of jobs, are added.
ABC News: Judge Halts State Raid of Big Alabama Bingo Center
A rural Alabama county hungry for economic development staved off a state raid on a new bingo and entertainment center despite Bob Riley’s wishes to close it. The county won a middle-of-the-night court order barring the raid as agents from the governor’s anti-gambling task force massed near Country Crossing, an $87 million complex near Dothan.
Houston County Commissioner Mark Culver got the order from a judge’s home at 1:30 a.m. delivered it to the Governor’s Task Force on Illegal Gambling assembling for a pre-dawn raid. He was trying to save 1,300 jobs in a county with 8.7 percent unemployment.
The Houston County Commission approved the construction of Country Crossing in 2008 and created a method for it to issue up to $70 million in bonds for construction. Country Crossing sought to stop the raid, claiming it would harm the bond issue that’s supposed to be paid off with bingo revenue.
Alabama gambling centers have been expanding with restaurants and other attractions and portraying themselves as economic development projects providing needed jobs in a recession.
AP News: Midnight order halts Ala. raid of $87M casino
A Gov. Riley approved raid on bingo machines at a new, $87 million casino by himself was stopped before dawn on Wednesday by judge’s order blocking it. Houston County Commissioner Mark Culver secured the judge’s approval and signature.
It was a blow for the governor in Alabama’s odd, ongoing struggle for control over the state’s mushrooming gambling industry. Culver said, “We are going to do everything we can to protect the jobs of the people of Houston County,” in reference to the incident. The governor claims the machines are illegal and simply an attempt to compete with Mississippi’s coastal casinos.
Circuit Judge P.B. McLauchlin agreed that seizing the machines “would do irreparable harm” to the bond transaction and blocked any raid pending a court hearing Jan. 20.
The controversial issue of casino gambling in Alabama came to a peak when the state’s governor, Bob Riley, ordered a raid on a new $87.5 million casino in the middle of the night and the action was halted in its tracks by a judges blocking order.
LA Times: Judge halts state raid of $87M bingo casino in latest round of Alabama’s fight over gambling
Near 40 Alabama state troopers gathered before sunrise, Wednesday, for a Gov. Bob Riley approved raid. The target: bingo machines at a new, allegedly illegal, $87 million casino near Dothan.
Local officials moved quickly to defend the targeted site, going to a judge’s home after midnight to get an order blocking the raid. The order was given to police before they could seize the 1,700 electronic bingo machines at Country Crossing.
County Commissioner Mark Culver denounced the Governor’s Task Force on Illegal Gambling’s attempt to shut down the bingo and entertainment complex, which created 1,300 jobs in the struggling community.
Bill Eadington, a University of Nevada at Reno gambling expert, said Alabama casino investors relied on questionable laws to build, but casinos are hard to close when restaurants and hotels, that produce lots of jobs, are added.
ABC News: Judge Halts State Raid of Big Alabama Bingo Center
A rural Alabama county hungry for economic development staved off a state raid on a new bingo and entertainment center despite Bob Riley’s wishes to close it. The county won a middle-of-the-night court order barring the raid as agents from the governor’s anti-gambling task force massed near Country Crossing, an $87 million complex near Dothan.
Houston County Commissioner Mark Culver got the order from a judge’s home at 1:30 a.m. delivered it to the Governor’s Task Force on Illegal Gambling assembling for a pre-dawn raid. He was trying to save 1,300 jobs in a county with 8.7 percent unemployment.
The Houston County Commission approved the construction of Country Crossing in 2008 and created a method for it to issue up to $70 million in bonds for construction. Country Crossing sought to stop the raid, claiming it would harm the bond issue that’s supposed to be paid off with bingo revenue.
Alabama gambling centers have been expanding with restaurants and other attractions and portraying themselves as economic development projects providing needed jobs in a recession.
AP News: Midnight order halts Ala. raid of $87M casino
A Gov. Riley approved raid on bingo machines at a new, $87 million casino by himself was stopped before dawn on Wednesday by judge’s order blocking it. Houston County Commissioner Mark Culver secured the judge’s approval and signature.
It was a blow for the governor in Alabama’s odd, ongoing struggle for control over the state’s mushrooming gambling industry. Culver said, “We are going to do everything we can to protect the jobs of the people of Houston County,” in reference to the incident. The governor claims the machines are illegal and simply an attempt to compete with Mississippi’s coastal casinos.
Circuit Judge P.B. McLauchlin agreed that seizing the machines “would do irreparable harm” to the bond transaction and blocked any raid pending a court hearing Jan. 20.
Elections are a necessary part of democratic politics and mean changes that reflect on the wishes of those who are governed. In the great state of Alabama, the upcoming elections may be decided based on whether or not residents would like the controversial gambling industry to be legalized.
ABC News: Political Minute : April 27th
The two Democrats vying for a spot in November’s gubernatorial election are giving voters more information on some hot button issues.
One of the main issues of the election is gambling. At his news conference, Sparks said that as governor, he’d immediately call a special session of the legislature. He’d propose a constitutional amendment to tax, regulate and expand gambling. Davis said he’d prefer to let the people vote on the issue, instead of law-makers.
NBC News: Davis, Sparks show differences for Alabama governor
Democratic candidates for Alabama governor, Artur Davis and Ron Sparks, are drawing sharp differences on the issues of gambling and Alabama’s constitution.
At news conferences Tuesday in Montgomery, Davis said he’s the only candidate in the governor’s race who favors a constitutional convention to rewrite Alabama’s 1901 Constitution. Sparks says he favors doing it article by article in the Legislature.
Sparks says that if elected, he will call a special session immediately after the inauguration to get the Legislature to propose a constitutional amendment to tax, regulate and expand gambling. Davis says he favors a straight up or down referendum on whether voters want electronic bingo.
Al.com: Gambling, constitutional reform divide Artur Davis, Ron Sparks
The Democratic candidates for governor in Alabama, U.S. Rep. Artur Davis and Agriculture Commissioner Ron Sparks, have sharp differences for voters to examine about gambling and Alabama’s constitution.
At news conferences Tuesday in the Capitol complex, Davis said he favors a constitutional convention to rewrite Alabama’s 1901 constitution. If elected, he’d form a commission to recommend ways the Legislature should rewrite the constitution article by article.
Sparks said that if elected, he would immediately get started on legislation to tax, regulate and expand gambling in Alabama. Sparks said he’s open to a referendum either on electronic bingo or on full-fledged casinos like those that can be found in Mississippi.
Davis said he would support the Legislature approving a straight up or down referendum on whether Alabama voters want electronic bingo. He favors a proposed constitutional amendment that would not ensure electronic bingo casinos for anyone if it passes.
Alabama has several electronic bingo casinos now, with some operating and some closed. The Governor’s Task Force on Illegal Gambling is trying to shut them all.
Elections are a necessary part of democratic politics and mean changes that reflect on the wishes of those who are governed. In the great state of Alabama, the upcoming elections may be decided based on whether or not residents would like the controversial gambling industry to be legalized.
ABC News: Political Minute : April 27th
The two Democrats vying for a spot in November’s gubernatorial election are giving voters more information on some hot button issues.
One of the main issues of the election is gambling. At his news conference, Sparks said that as governor, he’d immediately call a special session of the legislature. He’d propose a constitutional amendment to tax, regulate and expand gambling. Davis said he’d prefer to let the people vote on the issue, instead of law-makers.
NBC News: Davis, Sparks show differences for Alabama governor
Democratic candidates for Alabama governor, Artur Davis and Ron Sparks, are drawing sharp differences on the issues of gambling and Alabama’s constitution.
At news conferences Tuesday in Montgomery, Davis said he’s the only candidate in the governor’s race who favors a constitutional convention to rewrite Alabama’s 1901 Constitution. Sparks says he favors doing it article by article in the Legislature.
Sparks says that if elected, he will call a special session immediately after the inauguration to get the Legislature to propose a constitutional amendment to tax, regulate and expand gambling. Davis says he favors a straight up or down referendum on whether voters want electronic bingo.
Al.com: Gambling, constitutional reform divide Artur Davis, Ron Sparks
The Democratic candidates for governor in Alabama, U.S. Rep. Artur Davis and Agriculture Commissioner Ron Sparks, have sharp differences for voters to examine about gambling and Alabama’s constitution.
At news conferences Tuesday in the Capitol complex, Davis said he favors a constitutional convention to rewrite Alabama’s 1901 constitution. If elected, he’d form a commission to recommend ways the Legislature should rewrite the constitution article by article.
Sparks said that if elected, he would immediately get started on legislation to tax, regulate and expand gambling in Alabama. Sparks said he’s open to a referendum either on electronic bingo or on full-fledged casinos like those that can be found in Mississippi.
Davis said he would support the Legislature approving a straight up or down referendum on whether Alabama voters want electronic bingo. He favors a proposed constitutional amendment that would not ensure electronic bingo casinos for anyone if it passes.
Alabama has several electronic bingo casinos now, with some operating and some closed. The Governor’s Task Force on Illegal Gambling is trying to shut them all.
As a result of the economic downturn that the United States recently went through, many of the nation’s states have considered what was not a high-priority issue before the crisis; the liberalization of gambling laws. Illinois seems to be next state that’s waking up to the bountiful benefits of the industry.
Daily Herald: Lawmakers, chamber receptive to slots at track
Arlington Heights trustees aren’t interested in a video casino even though some suburban lawmakers think video gambling at the local horse track is worth pursuing.
When she heard about a possible deal that would put video slot and poker machines at Arlington Park and other tracks, state Rep. Suzie Bassi said she supported the idea because the slots would be put in areas already under the microscope of gambling regulators.
Under the measure, local governments hosting the machines would get a 5% cut of the slot profits. However, local governments wouldn’t get a say in whether they want the machines at all, a main point of contention for some trustee’s.
Under the proposal, Arlington Park and other tracks in Cook County would get as many as 1,200 video gambling positions. Downstate tracks would get up to 900. The new video casinos would have to be based within 300 yards of the track.
The proposal would help support financing for the state’s massive $31 billion construction project. The massive public works program was supposed to be financed partially through video gambling, but that funding source has started to buckle as local governments refused to allow the controversial gambling machines in their taverns.
Fox News: Video Poker May Be On Way to Horse Tracks
State lawmakers in Chicago are apparently negotiating a proposal that would permit the introduction of video slots and poker machines to horse tracks across Illinois, including Arlington Park.
It’s been reported that the state would regulate how profits and taxes made through the machines would be distributed. One proposal would require race tracks to pay up to $25,000 per machine.
The Communities that would end up with the machines would get 5% of the tax revenue from the machines. Taxes on that revenue would go toward helping pay for construction projects around the state.
ABC News: Gambling machines may be allowed at Ill. horse tracks
An apparent deal being pondered by Illinois state legislators would put hundreds of video slot and poker machines at Arlington Park among other horse tracks located within the state.
Taxes from the games would go toward construction spending. Lawmakers have allegedly agreed on a proposal, after weeks of discussions behind the scenes.
Proponents say the move would give the tracks and local governments a financial boost. Arlington Park and other Cook County tracks would get up to 1,200 gambling positions. Downstate tracks would get up to 900.
These new video casinos would have to be within 300 yards of the track.
As a result of the economic downturn that the United States recently went through, many of the nation’s states have considered what was not a high-priority issue before the crisis; the liberalization of gambling laws. Illinois seems to be next state that’s waking up to the bountiful benefits of the industry.
Daily Herald: Lawmakers, chamber receptive to slots at track
Arlington Heights trustees aren’t interested in a video casino even though some suburban lawmakers think video gambling at the local horse track is worth pursuing.
When she heard about a possible deal that would put video slot and poker machines at Arlington Park and other tracks, state Rep. Suzie Bassi said she supported the idea because the slots would be put in areas already under the microscope of gambling regulators.
Under the measure, local governments hosting the machines would get a 5% cut of the slot profits. However, local governments wouldn’t get a say in whether they want the machines at all, a main point of contention for some trustee’s.
Under the proposal, Arlington Park and other tracks in Cook County would get as many as 1,200 video gambling positions. Downstate tracks would get up to 900. The new video casinos would have to be based within 300 yards of the track.
The proposal would help support financing for the state’s massive $31 billion construction project. The massive public works program was supposed to be financed partially through video gambling, but that funding source has started to buckle as local governments refused to allow the controversial gambling machines in their taverns.
Fox News: Video Poker May Be On Way to Horse Tracks
State lawmakers in Chicago are apparently negotiating a proposal that would permit the introduction of video slots and poker machines to horse tracks across Illinois, including Arlington Park.
It’s been reported that the state would regulate how profits and taxes made through the machines would be distributed. One proposal would require race tracks to pay up to $25,000 per machine.
The Communities that would end up with the machines would get 5% of the tax revenue from the machines. Taxes on that revenue would go toward helping pay for construction projects around the state.
ABC News: Gambling machines may be allowed at Ill. horse tracks
An apparent deal being pondered by Illinois state legislators would put hundreds of video slot and poker machines at Arlington Park among other horse tracks located within the state.
Taxes from the games would go toward construction spending. Lawmakers have allegedly agreed on a proposal, after weeks of discussions behind the scenes.
Proponents say the move would give the tracks and local governments a financial boost. Arlington Park and other Cook County tracks would get up to 1,200 gambling positions. Downstate tracks would get up to 900.
These new video casinos would have to be within 300 yards of the track.
Joeseph Baer, 39, was arrested on Tuesday while playing blackjack at a casino in Atlantic City. Baer was suspected of robbing three banks in Philadelpha during the past week. He has been convicted of robbing banks before, and has a history of gambling. Police suspected he might show up at casinos in the area to gamble away the money he robbed.
ABC News Philadelphia: Serial bank robbery suspect in custody
Joseph Baer, a 39 year old man wanted for robbing three banks in the US state of Pennsylvania last week, is now in police custody. He was spotted around 10:30 a.m. on Tuesday morning at the blackjack tables in the Trump Plaza Casino, where he was apprehended.
Baer is an avid gambler, and police suspected that they would find him in one of the local casinos.
Baer is being charged with robbing approximately $1,000 from the PNC Bank in Philadelphia on April 13th. He is also a suspect in two other bank robberies: one at the Citizens Bank and one at the TruMark Financial Credit Union last Friday.
The FBI says that Baer was also wanted for escaping from a halfway house the day of the PNC Bank robbery.
Philly.com: Bank robbery suspect nabbed at casino
For Joseph Baer, a recent trip to gamble in Atlantic City turned out to be a losing bet.
Baer, who was wanted in connection with three bank robberies that happened last week, was spotted playing blackjack at the Trump Plaza Casino by New Jersey state troopers. The officers took the suspect into custody without incident.
On Monday, Baer was caught on camera robbing a Citizen’s Bank branch in Northeast Philadelphia. Last week, he allegedly robbed a different bank in the city’s Mayfair section, where he was also caught on security cameras.
Baer was also wanted for escaping from a federal halfway house on the day of the first robbery. He recently served six-year sentence for robbing two banks in 2004, and had been living at the Luzerne Community Corrections Center in North Philadelphia. His caseworker told authorities that he signed out on April 12 to go to work at a McDonalds.
CBS News Philadelphia: Serial Bank Bandit Found In A.C. Casino
A suspected serial bank robber is in custody after police spotted him playing blackjack a casino in Atlantic City on Tuesday morning.
New Jersey State Police detectives detained 39-year-old Joseph Baer on the floor of the Trump Plaza Casino without incident at around 10 a.m.
Baer was wanted for robbing a PNC Bank in Philadelphia on April 13. Security images showed Baer wearing a Donovan McNabb Eagles jersey when he robbed the bank of $1,000 – the images earned him the nickname “McNabb Bandit”. Baer’s identity came to light with a member of the public recognized him from the photos.
Baer is also suspected of being involved in the robbery of two other area banks that were committed last week.
FBI officials say Baer was convicted of two different bank robberies back in March 2004.
Joeseph Baer, 39, was arrested on Tuesday while playing blackjack at a casino in Atlantic City. Baer was suspected of robbing three banks in Philadelpha during the past week. He has been convicted of robbing banks before, and has a history of gambling. Police suspected he might show up at casinos in the area to gamble away the money he robbed.
ABC News Philadelphia: Serial bank robbery suspect in custody
Joseph Baer, a 39 year old man wanted for robbing three banks in the US state of Pennsylvania last week, is now in police custody. He was spotted around 10:30 a.m. on Tuesday morning at the blackjack tables in the Trump Plaza Casino, where he was apprehended.
Baer is an avid gambler, and police suspected that they would find him in one of the local casinos.
Baer is being charged with robbing approximately $1,000 from the PNC Bank in Philadelphia on April 13th. He is also a suspect in two other bank robberies: one at the Citizens Bank and one at the TruMark Financial Credit Union last Friday.
The FBI says that Baer was also wanted for escaping from a halfway house the day of the PNC Bank robbery.
Philly.com: Bank robbery suspect nabbed at casino
For Joseph Baer, a recent trip to gamble in Atlantic City turned out to be a losing bet.
Baer, who was wanted in connection with three bank robberies that happened last week, was spotted playing blackjack at the Trump Plaza Casino by New Jersey state troopers. The officers took the suspect into custody without incident.
On Monday, Baer was caught on camera robbing a Citizen’s Bank branch in Northeast Philadelphia. Last week, he allegedly robbed a different bank in the city’s Mayfair section, where he was also caught on security cameras.
Baer was also wanted for escaping from a federal halfway house on the day of the first robbery. He recently served six-year sentence for robbing two banks in 2004, and had been living at the Luzerne Community Corrections Center in North Philadelphia. His caseworker told authorities that he signed out on April 12 to go to work at a McDonalds.
CBS News Philadelphia: Serial Bank Bandit Found In A.C. Casino
A suspected serial bank robber is in custody after police spotted him playing blackjack a casino in Atlantic City on Tuesday morning.
New Jersey State Police detectives detained 39-year-old Joseph Baer on the floor of the Trump Plaza Casino without incident at around 10 a.m.
Baer was wanted for robbing a PNC Bank in Philadelphia on April 13. Security images showed Baer wearing a Donovan McNabb Eagles jersey when he robbed the bank of $1,000 – the images earned him the nickname “McNabb Bandit”. Baer’s identity came to light with a member of the public recognized him from the photos.
Baer is also suspected of being involved in the robbery of two other area banks that were committed last week.
FBI officials say Baer was convicted of two different bank robberies back in March 2004.
Australian internet entrepreneur Daniel Tzvetkoff was arrested in Las Vegas on Friday, and is being held on charges of money laundering and gambling conspiracy. Tzvetkoff founded an online payment processing company called Intabill a few years ago, but prosecutors allege that he used shell companies to cover up the source of more than $500 million in online gambling funds. Tzvetkoff faces 75 years in prison if convicted.
News.com.au: Fallen online tycoon Daniel Tzvetkoff faces 75 years jail
Internet entrepreneur Daniel Tzvetkoff is facing 75 years in a US prison after being charged with laundering $584 million. The 27-year-old was placed under arrest in Las Vegas on Friday and has been detained facing a bail hearing.
Ipswich-born Tzvetkoff made a mark for himself in 2008 when he founded the online payment processor Intabill, which helped US gamblers fund their online accounts. Because of his involvement with the company, Tzvetkoff faces charges of money laundering, gambling conspiracy and bank fraud conspiracy.
The US Attorney’s Office alleges that Tzvetkoff helped illegal internet gambling companies to launder about $540 million into offshore accounts. Tzvetkoff’s company duped US banks (which have bans on internet credit card gambling) into believing the gambling transactions were just ordinary transactions.
According to the indictment, Tzvetkoff even created dummy companies British Virgin Islands, complete with fake websites and random names, which were used to hide the source of funds he was processing.
ABC News: Businessmen charged over illegal online gambling transactions
United States authorities are charging former Queensland businessman Daniel Tzvetkoff with four offences relating to illegal online gambling money transactions. The 27-year-old entrepreneur was arrested in Las Vegas on Friday.
An indictment has already been presented to the Federal court in Manhattan, which is charging Tzvetkoff money laundering offences.
The US Justice Department alleges Tzvetkoff processed around $500 million in online transactions between US gamblers and internet gaming websites. The company disguised the financial data so the transactions appeared to be unrelated to gambling.
Tzvetkoff’s Las Vegas-based lawyer Mace Yampolsky says he appeared in court on Friday already, and that this initial apperance will continue on Wednesday.
“Obviously, right now, he’s pleading not guilty. He’s innocent until proven guilty,” Tzvetkoff’s laywer saidsaid.
“At this time, I have not seen any of the government’s proof.”
Reuters: U.S. charges Australian with laundering $500 mln
United States prosecutors arrested an Australian man in Las Vegas on Friday, and are holding him on charges of money laundering, alleging that he helped move funds between gamblers and illegal online gambling websites.
Daniel Tzvetkoff, 27, is being accused in a New York court of processing gambling proceeds and covering up their source, making them appear legal to banks. The operation has been running since early 2008.
Tzvetkoff created dozens of shell companies for use in his scheme, whcih he once wrote was “perfect,” prosecutors say.
Tzvetkoff is being charged on four counts, including bank fraud, money laundering, and conspiracy to operate and finance an illegal gambling business. If convicted on all accounts, he faces up to 75 years in prison.
Australian internet entrepreneur Daniel Tzvetkoff was arrested in Las Vegas on Friday, and is being held on charges of money laundering and gambling conspiracy. Tzvetkoff founded an online payment processing company called Intabill a few years ago, but prosecutors allege that he used shell companies to cover up the source of more than $500 million in online gambling funds. Tzvetkoff faces 75 years in prison if convicted.
News.com.au: Fallen online tycoon Daniel Tzvetkoff faces 75 years jail
Internet entrepreneur Daniel Tzvetkoff is facing 75 years in a US prison after being charged with laundering $584 million. The 27-year-old was placed under arrest in Las Vegas on Friday and has been detained facing a bail hearing.
Ipswich-born Tzvetkoff made a mark for himself in 2008 when he founded the online payment processor Intabill, which helped US gamblers fund their online accounts. Because of his involvement with the company, Tzvetkoff faces charges of money laundering, gambling conspiracy and bank fraud conspiracy.
The US Attorney’s Office alleges that Tzvetkoff helped illegal internet gambling companies to launder about $540 million into offshore accounts. Tzvetkoff’s company duped US banks (which have bans on internet credit card gambling) into believing the gambling transactions were just ordinary transactions.
According to the indictment, Tzvetkoff even created dummy companies British Virgin Islands, complete with fake websites and random names, which were used to hide the source of funds he was processing.
ABC News: Businessmen charged over illegal online gambling transactions
United States authorities are charging former Queensland businessman Daniel Tzvetkoff with four offences relating to illegal online gambling money transactions. The 27-year-old entrepreneur was arrested in Las Vegas on Friday.
An indictment has already been presented to the Federal court in Manhattan, which is charging Tzvetkoff money laundering offences.
The US Justice Department alleges Tzvetkoff processed around $500 million in online transactions between US gamblers and internet gaming websites. The company disguised the financial data so the transactions appeared to be unrelated to gambling.
Tzvetkoff’s Las Vegas-based lawyer Mace Yampolsky says he appeared in court on Friday already, and that this initial apperance will continue on Wednesday.
“Obviously, right now, he’s pleading not guilty. He’s innocent until proven guilty,” Tzvetkoff’s laywer saidsaid.
“At this time, I have not seen any of the government’s proof.”
Reuters: U.S. charges Australian with laundering $500 mln
United States prosecutors arrested an Australian man in Las Vegas on Friday, and are holding him on charges of money laundering, alleging that he helped move funds between gamblers and illegal online gambling websites.
Daniel Tzvetkoff, 27, is being accused in a New York court of processing gambling proceeds and covering up their source, making them appear legal to banks. The operation has been running since early 2008.
Tzvetkoff created dozens of shell companies for use in his scheme, whcih he once wrote was “perfect,” prosecutors say.
Tzvetkoff is being charged on four counts, including bank fraud, money laundering, and conspiracy to operate and finance an illegal gambling business. If convicted on all accounts, he faces up to 75 years in prison.
Joe Mastronardo, the son-in-law of the late mayor of Philadelphia has been arrested together with his brother John and charged with conspiracy, gambling and running a corrupt organization, due to an illegal bookkeeping operation that they ran. Over $1 million was dug up by law enforcement in Mastronardo’s lawn in a recent raid.
Fox News: Over $1 Million Found In PVC Pipes
More than $1 million cash was recently found buried in the yard of Joe Mastronardo, son-in-law of late Philadelphia mayor Frank Rizzo. County investigators and the FBI spent all Wednesday digging up Mastronardo’s the backyard in Abington looking for the hidden cash. Montgomery County DA Risa Ferman and the FBI moved to freeze bank accounts in Tennessee, Pennsylvania and Florida.
Mastronardo and his brother were arrested in a federal bookmaking scheme in 2006. At that point, the brothers agreed to forfeit about $2.7 million dollars as part of a plea agreement.
John and Joseph Mastronardo are being held on $1 million bail each. They’ve been charged with conspiracy, gambling and running a corrupt organization. Preliminary hearings and bail hearings are set for next week.
ABC News: Pa. brothers charged with running gambling ring
This is the second time in 4 years that Montgomery County authorities have arrested the Mastronardo brothers for running a sports betting operation.
Court documents indicate that most of the evidence that lead to the arrests was gathered on wiretaps, including a conversation in which Joseph Mastronardo discussed NCAA March Madness tournament. Looking for cash taken in from sports bets, and they found more than a million dollars.
In Mastronado’s backyard and shrubbery, 4 PVC pipe tubes full of cash and capped at both ends were unearthed. Investigators executed over 46 search warrants yesterday at other homes owned by the Mastronardos. They also seized bank accounts in Florida, Tennessee and offshore.
This is the fourth time the Mastronardo brothers have been arrested on gambling charges since 1983. They forfeited close to $3-million and received probation 4 years ago. Now, they are being held without bail for violating the terms of their probation and are looking at long jail terms.
CBS News: Abington Yard Searched In Money Laundering Probe
The FBI, along with county investigators, dug up the yard of a Montgomery County mansion Wednesday as part of an alleged money laundering investigation. Eyewitnesses in the neighborhood of million dollar homes claim that they saw the FBI uncover what appeared to be bags of cash.
Sources also told Eyewitness News that the home belongs to Joe Mastronardo, who is the son-in-law of the late Philadelphia Mayor Frank Rizzo. Mastronardo is currently in the Montgomery County Correctional Facility for violating probation. He was convicted of bookmaking in 2006. He is being held on $1 million bail.
Joe Mastronardo, the son-in-law of the late mayor of Philadelphia has been arrested together with his brother John and charged with conspiracy, gambling and running a corrupt organization, due to an illegal bookkeeping operation that they ran. Over $1 million was dug up by law enforcement in Mastronardo’s lawn in a recent raid.
Fox News: Over $1 Million Found In PVC Pipes
More than $1 million cash was recently found buried in the yard of Joe Mastronardo, son-in-law of late Philadelphia mayor Frank Rizzo. County investigators and the FBI spent all Wednesday digging up Mastronardo’s the backyard in Abington looking for the hidden cash. Montgomery County DA Risa Ferman and the FBI moved to freeze bank accounts in Tennessee, Pennsylvania and Florida.
Mastronardo and his brother were arrested in a federal bookmaking scheme in 2006. At that point, the brothers agreed to forfeit about $2.7 million dollars as part of a plea agreement.
John and Joseph Mastronardo are being held on $1 million bail each. They’ve been charged with conspiracy, gambling and running a corrupt organization. Preliminary hearings and bail hearings are set for next week.
ABC News: Pa. brothers charged with running gambling ring
This is the second time in 4 years that Montgomery County authorities have arrested the Mastronardo brothers for running a sports betting operation.
Court documents indicate that most of the evidence that lead to the arrests was gathered on wiretaps, including a conversation in which Joseph Mastronardo discussed NCAA March Madness tournament. Looking for cash taken in from sports bets, and they found more than a million dollars.
In Mastronado’s backyard and shrubbery, 4 PVC pipe tubes full of cash and capped at both ends were unearthed. Investigators executed over 46 search warrants yesterday at other homes owned by the Mastronardos. They also seized bank accounts in Florida, Tennessee and offshore.
This is the fourth time the Mastronardo brothers have been arrested on gambling charges since 1983. They forfeited close to $3-million and received probation 4 years ago. Now, they are being held without bail for violating the terms of their probation and are looking at long jail terms.
CBS News: Abington Yard Searched In Money Laundering Probe
The FBI, along with county investigators, dug up the yard of a Montgomery County mansion Wednesday as part of an alleged money laundering investigation. Eyewitnesses in the neighborhood of million dollar homes claim that they saw the FBI uncover what appeared to be bags of cash.
Sources also told Eyewitness News that the home belongs to Joe Mastronardo, who is the son-in-law of the late Philadelphia Mayor Frank Rizzo. Mastronardo is currently in the Montgomery County Correctional Facility for violating probation. He was convicted of bookmaking in 2006. He is being held on $1 million bail.
Louise Chavez of Denver, Colorado, was playing slots at the Fortune Valley Casino in Central City, Colorado on Friday night. She got excited when the machine she was on started flashing, displaying a message that she had won almost $43 million. The casino says the machine was broken, and gave Chavez some free meals and a hotel room instead.
BBC: $43m slot machine win a ‘mistake’ says Colorado casino
An American woman named Louise Chavez thought she had won $43m on a slot machine, but was later been told that a mistake was made.
According to the Fortune Valley Casino in Central City, Colorado, the slot machine had “malfunctioned.”
It seems Chavez will never see a penny of jackpot.
Chavez earns about $12,000 a year, so when the lights and bells went off, she was very excited.
“All of a sudden I saw the light come on on top of the machine. I’m like, ‘Oh, my God! Oh, my God!’ I’d never had this feeling before in my life, never.”
Gaming officials blame an unfortunate computer glitch.
Chavez said she was given a free room for the night, and some food for compensation, along with the $20 bet she put into the faulty slot machine.
“My emotions changed from excited, thrilled, to very upset.”
ABC News: Woman Wins $42 Million Jackpot? Not So Fast
When the lights started flashing on a slot machine at the Fortune Valley Casino, in Central City, Colorado, Louise Chavez thought she had won $43 million.
Instead, the casino claimed the machine malfunctioned, and all Chavez got out of it was some free meals and a room for the night.
“I put my money in there,” Chavez explained on Good Morning America. “Whatever I won, I should get… There are dreams and there are things I’d like to do — helping my family, helping my kids. That’s why I’m disappointed. I just don’t know.”
Fortune Valley communications director Joe Behm said, “We’ve been open for 15 years at Fortune Valley and this is the first time we’ve had something of this magnitude.”
“It’s unfortunate when it happens,” said Don Burmania, spokesperson for the Colorado Division of Gaming. “We don’t like it to happen, the casinos don’t like it to happen and in this case, the patron didn’t like it, either.”
The New York Times: Colorado: Instead of $43 Million, How About Waffles?
A US woman won $42.9 million off a penny bet in a slot machine at a Colorado casino, only to have her dreams doused when the casino claimed that the jackpot message was in fact an error. Colorado gambling authorities are now testing the machine in questions, while the rest state’s 39 casinos struggle to reassure gamblers.
Louise Chavez of Denver got the jackpot on Friday while playing at the Fortune Valley Casino in Central City. The listed its top prize as $251,000. She said that she was given a free breakfast as compensation, but that she is owed much more.
Louise Chavez of Denver, Colorado, was playing slots at the Fortune Valley Casino in Central City, Colorado on Friday night. She got excited when the machine she was on started flashing, displaying a message that she had won almost $43 million. The casino says the machine was broken, and gave Chavez some free meals and a hotel room instead.
BBC: $43m slot machine win a ‘mistake’ says Colorado casino
An American woman named Louise Chavez thought she had won $43m on a slot machine, but was later been told that a mistake was made.
According to the Fortune Valley Casino in Central City, Colorado, the slot machine had “malfunctioned.”
It seems Chavez will never see a penny of jackpot.
Chavez earns about $12,000 a year, so when the lights and bells went off, she was very excited.
“All of a sudden I saw the light come on on top of the machine. I’m like, ‘Oh, my God! Oh, my God!’ I’d never had this feeling before in my life, never.”
Gaming officials blame an unfortunate computer glitch.
Chavez said she was given a free room for the night, and some food for compensation, along with the $20 bet she put into the faulty slot machine.
“My emotions changed from excited, thrilled, to very upset.”
ABC News: Woman Wins $42 Million Jackpot? Not So Fast
When the lights started flashing on a slot machine at the Fortune Valley Casino, in Central City, Colorado, Louise Chavez thought she had won $43 million.
Instead, the casino claimed the machine malfunctioned, and all Chavez got out of it was some free meals and a room for the night.
“I put my money in there,” Chavez explained on Good Morning America. “Whatever I won, I should get… There are dreams and there are things I’d like to do — helping my family, helping my kids. That’s why I’m disappointed. I just don’t know.”
Fortune Valley communications director Joe Behm said, “We’ve been open for 15 years at Fortune Valley and this is the first time we’ve had something of this magnitude.”
“It’s unfortunate when it happens,” said Don Burmania, spokesperson for the Colorado Division of Gaming. “We don’t like it to happen, the casinos don’t like it to happen and in this case, the patron didn’t like it, either.”
The New York Times: Colorado: Instead of $43 Million, How About Waffles?
A US woman won $42.9 million off a penny bet in a slot machine at a Colorado casino, only to have her dreams doused when the casino claimed that the jackpot message was in fact an error. Colorado gambling authorities are now testing the machine in questions, while the rest state’s 39 casinos struggle to reassure gamblers.
Louise Chavez of Denver got the jackpot on Friday while playing at the Fortune Valley Casino in Central City. The listed its top prize as $251,000. She said that she was given a free breakfast as compensation, but that she is owed much more.
A former Girl Scouts troop leader from Minnesota has been charged for stealing the money that little girls worked hard to earn in the annual cookie sale. In total, Joleen Marie Hopkins admitted to stealing a total of $5,000 dollars in order to gamble among other things. Records, however, indicate that she stole upwards of $8,214.22.
Minneapolis – St. Paul Star Tribune: Charges: Ex-Girl Scout leader’s hand in cookie jar
A Mendota Heights woman, Joleen M. Hopkins, was charged with stealing about $8,200 from local Girl Scouts while she was a Scout leader. She was charged in Dakota County with 2 felony counts of theft by swindle and 4 counts of theft (one felony, one gross misdemeanor and two misdemeanors).
Hopkins wrote checks on Scout bank accounts in 2008 and 2009 and spent money at casinos, restaurants, grocery stores and gas stations. Nearly $4,000 was stolen from the Mendota Heights troop’s cookie sales. Hopkins 3 daughters belong to the troop from which she stole.
The chapter now requires criminal background checks on volunteers, which was not the case when Hopkins became leader. Last week in Washington County, someone entered the garage of a Lakeland home and made off with 407 boxes of cookies. No arrests have been made.
Fox News: Girl Scouts Troop Leader Admits Stealing Cookie Money
A former Girls Scouts troop leader from Mendota Heights, Minnesota; Joleen Marie Hopkins, was charged for swindling money from the troop’s annual cookie sale to pay bills, gamble and buy sports equipment.
Hopkins was charged with 2 felony counts of theft-by-swindle and 4 counts of theft, including 1 felony theft charge. The charges stem from the alleged theft of proceeds from Girl Scouts cookie sales in March 2009.
Hopkins’ husband was the troop cookie manager. The Hopkins were responsible for collecting cash from troop cookie sales and depositing the cash and checks into a troop bank account. Chapter documents show the troop collected $8,515.50 in 2009 cookie sales. A total of $1,459.80 should’ve been deposited into the troop checking account and $7,055.70 should have been deposited to the chapter account. Records show $781.20 was deposited into the troop account and $6,271 was deposited into the chapter account.
Of the $6,271 deposited to the chapter account, Hopkins wrote 6 personal and business checks totaling $2,150.50, which were returned unpaid to the chapter as “unable to locate account.” The police traced those checks to accounts that were closed in 2006 and 2007 due to large dollar overdrafts made by Hopkins.
Hopkins eventually depleted the account to a balance of $15. Investigation revealed that Hopkins had spent more than $3,000 at casinos, auto part stores, restaurants, gas stations, grocery stores and businesses in Wisconsin.
ABC News: Troop leader accused of stealing scouts’ dough
A Twin Cities Girl Scout leader was charged with theft for allegedly stealing thousands in proceeds from her troop’s cookie sales. Joleen Hopkins, 54, of Mendota Heights, took over $8,000 between 2008 and 2009.
The criminal complaint states that Hopkins’ husband was the cookie manager for her girl scout troop. He has not been charged. Hopkins was charged with six theft charges, including three felonies. Hopkins, who also used the name Joleen Tillman, pleaded guilty in 2009 to stealing food stamps back in 2007.
She was sentenced to two years probation and ordered to pay more than $700 in restitution.
A former Girl Scouts troop leader from Minnesota has been charged for stealing the money that little girls worked hard to earn in the annual cookie sale. In total, Joleen Marie Hopkins admitted to stealing a total of $5,000 dollars in order to gamble among other things. Records, however, indicate that she stole upwards of $8,214.22.
Minneapolis – St. Paul Star Tribune: Charges: Ex-Girl Scout leader’s hand in cookie jar
A Mendota Heights woman, Joleen M. Hopkins, was charged with stealing about $8,200 from local Girl Scouts while she was a Scout leader. She was charged in Dakota County with 2 felony counts of theft by swindle and 4 counts of theft (one felony, one gross misdemeanor and two misdemeanors).
Hopkins wrote checks on Scout bank accounts in 2008 and 2009 and spent money at casinos, restaurants, grocery stores and gas stations. Nearly $4,000 was stolen from the Mendota Heights troop’s cookie sales. Hopkins 3 daughters belong to the troop from which she stole.
The chapter now requires criminal background checks on volunteers, which was not the case when Hopkins became leader. Last week in Washington County, someone entered the garage of a Lakeland home and made off with 407 boxes of cookies. No arrests have been made.
Fox News: Girl Scouts Troop Leader Admits Stealing Cookie Money
A former Girls Scouts troop leader from Mendota Heights, Minnesota; Joleen Marie Hopkins, was charged for swindling money from the troop’s annual cookie sale to pay bills, gamble and buy sports equipment.
Hopkins was charged with 2 felony counts of theft-by-swindle and 4 counts of theft, including 1 felony theft charge. The charges stem from the alleged theft of proceeds from Girl Scouts cookie sales in March 2009.
Hopkins’ husband was the troop cookie manager. The Hopkins were responsible for collecting cash from troop cookie sales and depositing the cash and checks into a troop bank account. Chapter documents show the troop collected $8,515.50 in 2009 cookie sales. A total of $1,459.80 should’ve been deposited into the troop checking account and $7,055.70 should have been deposited to the chapter account. Records show $781.20 was deposited into the troop account and $6,271 was deposited into the chapter account.
Of the $6,271 deposited to the chapter account, Hopkins wrote 6 personal and business checks totaling $2,150.50, which were returned unpaid to the chapter as “unable to locate account.” The police traced those checks to accounts that were closed in 2006 and 2007 due to large dollar overdrafts made by Hopkins.
Hopkins eventually depleted the account to a balance of $15. Investigation revealed that Hopkins had spent more than $3,000 at casinos, auto part stores, restaurants, gas stations, grocery stores and businesses in Wisconsin.
ABC News: Troop leader accused of stealing scouts’ dough
A Twin Cities Girl Scout leader was charged with theft for allegedly stealing thousands in proceeds from her troop’s cookie sales. Joleen Hopkins, 54, of Mendota Heights, took over $8,000 between 2008 and 2009.
The criminal complaint states that Hopkins’ husband was the cookie manager for her girl scout troop. He has not been charged. Hopkins was charged with six theft charges, including three felonies. Hopkins, who also used the name Joleen Tillman, pleaded guilty in 2009 to stealing food stamps back in 2007.
She was sentenced to two years probation and ordered to pay more than $700 in restitution.
The gambling cruise ship, Palm Beach Princess, may be headed on a journey that differs greatly from its regularly beaten path. The ship may be headed to Haiti to provide aid and shelter to the relief workers that are currently working on the disaster-ridden island nation.
CBS News: Gambling Ship Headed to Haiti
Our area’s gambling cruise ship may be headed to Haiti. The Palm Beach Princess is now sitting at its berth at the Port of Palm Beach in Riviera Beach. The ship’s website indicates that cruises are suspended until further notice.
Port Director, Manny Almira, said the company that owns the Princess, has told him it will move the ship to Haiti in the next week in order to provide housing for aid workers there. The Princess has been having engine problems and labor troubles, recently. The company is bankrupt and regulators have given the Princess until fall to make major safety improvements to the ship.
Ocean Development decided to halt operations due to expenses. They are in negotiations to charter the boat as a recreational floating hotel to entertain relief workers in Haiti. The company hopes to resume a gambling cruise with a different boat in the future.
ABC News: Palm Beach Princess Headed to Haiti?
The Palm Beach Princess may be headed to Haiti. WPBF 25 News was informed that the day-cruise casino ship is ending its run at the Port of Palm Beach to entertain Americans in Haiti. The crew has been given the option to go to Haiti or quit.
The Princess’s officials told say they’re looking into sending the ship elsewhere “so that government workers in Haiti — U.S. volunteers — may have a place to sleep, have a hot meal, rest.”
In December, the ship’s certificate of compliance was revoked and it could no longer carry passengers in US waters after it failed to make repairs to its main engine, which failed during a trip. It has been operating with two auxiliary motors since.
The Palm Beach Post: Port-au-Princess? — Casino ship may become Haiti relief hotel
Captains of the Palm Beach Princess casino ship made a dramatic announcement to the crew Wednesday morning: We’re going to Haiti. They plan to go to the earthquake-ravaged nation next week to assist the international relief effort, most likely as a floating hotel for aid workers.
Foreign crew members may serve out their employment contracts in Haiti — one-year agreements that pay, at most, a few hundred dollars a month, plus tips — or pay their own way back home. “They are looking for the crew to resign, and if the crew resigns, it doesn’t pay the ticket — this is what they are looking to do,” said Mauro Sebben, the disgruntled co-owner of the ship.
The Princess has sailed only intermittently since the main engine died in September. Since then, it’s been dogged by crew strikes, layoffs and complaints of poor service. One of the boats co-owners intends on parking the ship in Haiti and providing shelter while at the same time freeing itself from having to pay for tugboats on a daily basis.
Princess managers have offered few details about their Haiti plans and what commitments they might have obtained there, other than to say in an interview last week that they were exploring a deal with a government and a humanitarian relief fund, neither of which they would name, to offer lodging for relief workers.
The gambling cruise ship, Palm Beach Princess, may be headed on a journey that differs greatly from its regularly beaten path. The ship may be headed to Haiti to provide aid and shelter to the relief workers that are currently working on the disaster-ridden island nation.
CBS News: Gambling Ship Headed to Haiti
Our area’s gambling cruise ship may be headed to Haiti. The Palm Beach Princess is now sitting at its berth at the Port of Palm Beach in Riviera Beach. The ship’s website indicates that cruises are suspended until further notice.
Port Director, Manny Almira, said the company that owns the Princess, has told him it will move the ship to Haiti in the next week in order to provide housing for aid workers there. The Princess has been having engine problems and labor troubles, recently. The company is bankrupt and regulators have given the Princess until fall to make major safety improvements to the ship.
Ocean Development decided to halt operations due to expenses. They are in negotiations to charter the boat as a recreational floating hotel to entertain relief workers in Haiti. The company hopes to resume a gambling cruise with a different boat in the future.
ABC News: Palm Beach Princess Headed to Haiti?
The Palm Beach Princess may be headed to Haiti. WPBF 25 News was informed that the day-cruise casino ship is ending its run at the Port of Palm Beach to entertain Americans in Haiti. The crew has been given the option to go to Haiti or quit.
The Princess’s officials told say they’re looking into sending the ship elsewhere “so that government workers in Haiti — U.S. volunteers — may have a place to sleep, have a hot meal, rest.”
In December, the ship’s certificate of compliance was revoked and it could no longer carry passengers in US waters after it failed to make repairs to its main engine, which failed during a trip. It has been operating with two auxiliary motors since.
The Palm Beach Post: Port-au-Princess? — Casino ship may become Haiti relief hotel
Captains of the Palm Beach Princess casino ship made a dramatic announcement to the crew Wednesday morning: We’re going to Haiti. They plan to go to the earthquake-ravaged nation next week to assist the international relief effort, most likely as a floating hotel for aid workers.
Foreign crew members may serve out their employment contracts in Haiti — one-year agreements that pay, at most, a few hundred dollars a month, plus tips — or pay their own way back home. “They are looking for the crew to resign, and if the crew resigns, it doesn’t pay the ticket — this is what they are looking to do,” said Mauro Sebben, the disgruntled co-owner of the ship.
The Princess has sailed only intermittently since the main engine died in September. Since then, it’s been dogged by crew strikes, layoffs and complaints of poor service. One of the boats co-owners intends on parking the ship in Haiti and providing shelter while at the same time freeing itself from having to pay for tugboats on a daily basis.
Princess managers have offered few details about their Haiti plans and what commitments they might have obtained there, other than to say in an interview last week that they were exploring a deal with a government and a humanitarian relief fund, neither of which they would name, to offer lodging for relief workers.
The people of Kentucky came very close to having a say in all gambling expansion issues in the state this week. Unfortunately the law proposal was conquered by the democrats in the state senate. It seems as though horse racing is going to remain the top form of gambling for the time being.
ABC News: Dems Kill Counter-Gambling Proposal in Ky. Senate
Thursday in Kentucky’s Senate, Democrats killed legislation that would have given voters decision making power on all proposals that would expand gambling in the state. The measure received only 21 of the 23 needed votes, all from Republicans. The defeated measure was sponsored by Senate President David Williams, R-Burkesville.
The proposal called for an amendment to the state constitution that would’ve required all gambling issues placement on the ballot for Kentucky voters to accept or reject. The vote came during an election year in which 19 of 38 Senate seats could be up for grabs.
There are currently 2 different measures being processed in the Senate and House that would legalize slots at horse tracks without a voter referendum. Under those proposals, the state would sell gambling licenses and then tax the revenues from slots to generate $780 million over the next 2 years.
The House would use raised revenue on specific initiatives, including a massive school construction program that would create work for thousands of jobless Kentuckians. The Senate’s version would put revenues into the general fund to help stave off budget cuts and potential employee layoffs.
Kentucky’s political leaders have been reluctant to legalize forms of gambling, outside of horseracing.
Thoroughbred Times: Kentucky Senate does not pass Williams’ VLT bill
This year, Republican State Senate President David Williams sponsored a bill that would have taken the issue of gambling expansion out of state lawmakers’ hands by requiring state voters to approve any gambling expansion in Kentucky. The bill fell short of approval on Thursday.
Due to voting along party lines, the bill received a majority of votes at 21-16 but failed to acquire the needed 23 votes to reach the three-fifths standard for a constitutional amendment.
The horseracing industry opposed the bill because it would have added an additional step before tracks could add video lotteries. Kentucky Attorney General Jack Conway ruled that state lawmakers could approve adding video lotteries without voter approval, last year.
A Senate bill proposed this year would place video lotteries at racetracks to raise revenue for horse racing. Money from taxes and fees would be placed in the state’s general fund as opposed to being targeted to any specific area.
WLKY: Democrats Kill Counter-Gambling Proposal In Senate
Democrats in the Kentucky State Senate failed legislation that would have allowed voters to have a say in all state gambling proposals. The measure needed 23 votes to pass but only received 21, all of which were from Republicans.
Sixteen Senate Democrats voted along party lines Thursday and defeated the measure which was sponsored by Republican Senate President David Williams, of Burkesville. The bill would have ruled that all gambling issues be placed on the ballot for Kentucky voters to accept or reject.
Pro-gambling state Sen. David Boswell, a Democrat from Owensboro, said Williams knew the bill had no chance of passage in the senate and sponsored it so that Republican challengers could make an issue of it in upcoming elections.
The people of Kentucky came very close to having a say in all gambling expansion issues in the state this week. Unfortunately the law proposal was conquered by the democrats in the state senate. It seems as though horse racing is going to remain the top form of gambling for the time being.
ABC News: Dems Kill Counter-Gambling Proposal in Ky. Senate
Thursday in Kentucky’s Senate, Democrats killed legislation that would have given voters decision making power on all proposals that would expand gambling in the state. The measure received only 21 of the 23 needed votes, all from Republicans. The defeated measure was sponsored by Senate President David Williams, R-Burkesville.
The proposal called for an amendment to the state constitution that would’ve required all gambling issues placement on the ballot for Kentucky voters to accept or reject. The vote came during an election year in which 19 of 38 Senate seats could be up for grabs.
There are currently 2 different measures being processed in the Senate and House that would legalize slots at horse tracks without a voter referendum. Under those proposals, the state would sell gambling licenses and then tax the revenues from slots to generate $780 million over the next 2 years.
The House would use raised revenue on specific initiatives, including a massive school construction program that would create work for thousands of jobless Kentuckians. The Senate’s version would put revenues into the general fund to help stave off budget cuts and potential employee layoffs.
Kentucky’s political leaders have been reluctant to legalize forms of gambling, outside of horseracing.
Thoroughbred Times: Kentucky Senate does not pass Williams’ VLT bill
This year, Republican State Senate President David Williams sponsored a bill that would have taken the issue of gambling expansion out of state lawmakers’ hands by requiring state voters to approve any gambling expansion in Kentucky. The bill fell short of approval on Thursday.
Due to voting along party lines, the bill received a majority of votes at 21-16 but failed to acquire the needed 23 votes to reach the three-fifths standard for a constitutional amendment.
The horseracing industry opposed the bill because it would have added an additional step before tracks could add video lotteries. Kentucky Attorney General Jack Conway ruled that state lawmakers could approve adding video lotteries without voter approval, last year.
A Senate bill proposed this year would place video lotteries at racetracks to raise revenue for horse racing. Money from taxes and fees would be placed in the state’s general fund as opposed to being targeted to any specific area.
WLKY: Democrats Kill Counter-Gambling Proposal In Senate
Democrats in the Kentucky State Senate failed legislation that would have allowed voters to have a say in all state gambling proposals. The measure needed 23 votes to pass but only received 21, all of which were from Republicans.
Sixteen Senate Democrats voted along party lines Thursday and defeated the measure which was sponsored by Republican Senate President David Williams, of Burkesville. The bill would have ruled that all gambling issues be placed on the ballot for Kentucky voters to accept or reject.
Pro-gambling state Sen. David Boswell, a Democrat from Owensboro, said Williams knew the bill had no chance of passage in the senate and sponsored it so that Republican challengers could make an issue of it in upcoming elections.