Nevada Gaming Control Board Chairman AG Burnett is considering amendments to the board’s regulations that will authorize wagering that is prepaid at Nevada casinos.
The Nevada Gaming Control Board (GCB) is calling on the state’s land-based gambling enterprises to adapt measures that are e-commerce make video gaming more user-friendly.
On August 11, the GCB held a workshop that is public Carson City to receive input on possibly changing just how slots and table games accept bets in the nation’s gambling capital.
At issue is the GCB’s own regulations and whether amendments should be implemented to allow casino clients to gamble making use of prepaid accounts.
In accordance with Nevada Senate Bill 9 passed in 2015 that pressured the GCB to adapt such laws, the board is considering allowing gambling enterprises to implement systems at their tables and machines that provide customers with the choice to gamble with funds linked to commitment cards.
Regulation 5 and Regulation 5A are the 2 instructions in question. The former formerly barred players from gambling on prepaid accounts, while the later authorized credited accounts for their state’s interactive gaming networks.
The proposed Regulation 5 includes ‘wagering account’ information and regulatory maxims overseeing how the cards would operate. The GCB dictates that the customer wishing to fund a commitment card account would personally need to first register in the casino with photo recognition.
‘It would give patrons what they expect having the ability to fund gaming from sources they are increasingly more comfortable with,’ GCB Chairman AG Burnett told the Las Vegas Review-Journal.
Practice Made Perfect
Opponents to electronically linked gambling reports think the practice shall trigger higher incidences of issue gambling. But the wagering system being considered is far different from simply players that are permitting gamble with their debit and credit cards.
In fact, account wagering is already being practiced in Nevada.
As well as interactive online and gaming that is mobile, Nevada sportsbooks presently allow bettors to create prepaid gambling cards.
The state legislature believes the amendments will attract the technological millennial demographic and bring the Silver State’s gambling enterprises into contemporary times.
‘ The growth that is continued success of the video gaming industry into the State of Nevada depends on the fostering of a small business and regulatory environment that promotes continued advances in the usage of technology in video gaming, which improves the entertainment experience, encourages innovation and supports expansion for the domestic technology sector,’ Senate Bill 9 states.
Though this indicates likely the GCB will soon adapt the prepaid gambling amendments, Burnett said more time is needed before formally executing the change. This is because our formula is very potent and could disrupt the delicate nutritional balance needed for proper fetal development. We always recommend that you seek the advice of a medical professional before deciding to begin using any nutritional supplements. Yes, it’s another one of the proprietary blend labels, and our suspicion is that the most effective ingredients are included in sufficient doses. How Does It Work? high voltage product bottle and boxThe manufacturer claims that the ingredients in the detox drink were specifically chosen to boost kidney and liver functions, promising maximum detoxification in a short period of time. Find more info here
Vital Endorsement
The Nevada Council on Problem Gambling lent its support of prepaid video gaming accounts, though with a few conditions.
Executive Director Carol O’Hare said appropriate signage purporting the problems of problem gaming should be prominently displayed in areas where gamblers would refund their electronic accounts. Casinos have long been forced to do just that near cages and ATMs, but O’Hare wishes the GCB to take additional measures.
‘It would seem that in 2016 as you adopt regulations, procedures and rules for wagering accounts . . . some reasonable effort can be produced to align the new responsible gaming options become consistent with the current stands.’
O’Hare said she looks forward to working using the GCB on the updated regulations and drafting language to mandate such problem gambling stipulations.
Six-Year Prison Sentence for Ex-CEO Kennon Whaley in Alabama, Gambled Away $100K in Insurance Funds
Former Alabama metal magnate Kennon Whaley is headed to prison. This the Auburn resident was sentenced to 72 months in federal prison, after he was convicted in May for using an insurance payment to pay down over $100,000 in gambling debts week.
Former Alabama metal company CEO Kennon Whaley will now see a great deal of steel of the kind that is different after being sentenced to six years behind bars for insurance fraud. Whaley used bankruptcy settlements to pay straight down gambling debts. (Image: insurancequotesfast.com)
Whaley was when the CEO of Southeastern Stud & Components, A montgomery-based manufacturer of light gauge steel framing products. Founded in 1999, the company produced $34 million in revenues in 2005 and employed 125 full-time workers.
But following economic collapse in 2007, Whaley filed for Chapter 11 bankruptcy protection in 2009. He received $260,000 in insurance claims, but instead of using it to aid in his business’ transition, Whaley continued a gambling binge.
The now 51-year-old visited the Wynn casino in Las Vegas, where he racked up a debt of $100,000. After utilizing the insurance money to pay off Wynn, Whaley came back to Vegas again, where he incurred another $20,000 loss.
Chapter 11 provides companies protection from creditors, but the business that is bankrupt disclose all financial transactions. Not surprisingly, Whaley neglected to follow that condition.
‘ At that time, Southeastern Stud had been still in bankruptcy and approximately 70 percent of its employees had lost their jobs,’ the United States Attorney’s Office for the center District of Alabama stated in a release.
Paper Trail Proves Guilt
Whaley’s attorney said during his test which he was an ‘absentee owner’ that was not conscious associated with organization’s downturn. But if the going got tough, Whaley got going with risky maneuvers.
According to court records, Whaley instructed an employee to falsify papers in a try to conceal where in fact the insurance payments disappeared to.
‘That’s the textbook concept of bankruptcy fraud,’ Assistant US Attorney Brandon Essig stated.
While the Wynn likely wined and dined Whaley on his two high-roller visits, the Strip resort cooperated with authorities to detail Whaley’s criminal activity. Documents from the casino organized his jaunt that is four-day to City and show a man living the VIP lifestyle while his company was riddled with debt.
The usa Great Recession that lasted from 2007 through 2009 presented a difficult economy for businesses around the world. The odds had been stacked against many small and companies that are medium-sized but Whaley went to Las Vegas and found even worse odds for his money.
Ironically, Whaley writes on his LinkedIn profile summary, ‘HARD WORK WINS.
In Good Bad Business
Whaley isn’t the very first person to hit the casino flooring with illicit funds of late, of course.
A ago, former Oklahoma State Senator Rick Brinkley (R-District 34) was convicted of swindling $1.8 million from the Eastern Oklahoma Better Business Bureau to support his gambling habit year.
And just last month, financial scam artist Andrew Caspersen pled guilty to using a Ponzi scheme to swindle $38 million from investors to fund his gambling addiction.
Atlantic City Casino Income Soars in July, Borgata Enjoys Record Month
Atlantic City casino revenue jumped 6.9 percent in July when compared with the same month in 2015. The city’s eight casinos still in operation taken in $275.2 million, $17.7 million over a year earlier.
Atlantic City casino revenues had been up at most properties during July, but Carl Icahn’s Trump Taj Mahal had been an exception. The long-troubled casino will turn off permanently in less than per month after having a long struggle with unions. (Image: Heidi Gutman/Getty Images)
The headliner for the income report may be the Borgata Hotel Casino, which recently became wholly owned by MGM Resorts.
Atlantic City’s many profitable resort had its month that is best in its 13-year history. With gross profits totaling $84.8 million in July, Borgata eclipsed its past monthly record and took full advantageous asset of the an extra weekend and Independence Day holiday.
‘we are very pleased with a record-breaking month,’ Borgata Senior Vice President Joe Lupo told the Associated Press while we expected a good month with five full weekends.
Taj Mahal Trumped
Along with Borgata, four associated with the other seven land-based gambling enterprises posted percentage gains in July. The one that don’t had not been interestingly the Trump Taj Mahal.
The Unite-HERE Local 54 union strike commenced on July 1 over medical health insurance and pension benefits at the formerly property that is trump-owned. More recently purchased by the GOP candidate’s billionaire friend Carl Icahn, the casino tallied incomes of just $17.5 million, eight per cent less than in 2015.
Icahn says he’ll end the casino’s 26-year run following a Labor Day weekend. Gaming officials state the thirty days ended up being positive, regardless associated with the statement that yet another Atlantic City casino is closing.
‘July was a solid month, even though several properties faced challenges including a strike by union employees,’ New Jersey Casino Control Commission Chairman Matt Levinson said.
Bally’s (4.8 percent) and Harrah’s (5.2 percent) had been the other two casino properties that posted losses in July.
Table games were the best performers percentage-wise, with a nearly $7.5 million relative boost to $75.7 million. Slots still pulled in the majority that is vast of income per se, nevertheless, with a $182.2 million win.
Year-to-date, Atlantic City casino revenue is up 1.5 percent, and an overall total of 3.2 percent when the state’s Internet video gaming is factored in.
Online Gambling Strong
The long summer time month of July brought tourists and money to Atlantic City, but on the web, the economy was additionally sunny.
Internet gaming totaled $17,368,984 during July. That’s a 38.6 per cent increase from 2015 and a brand new monthly high for that segment.
Borgata maintained its lead on the five casino operators involved with iGaming, but the gap is closing. Borgata’s online platforms grossed $3,971,138. The Golden Nugget, up 36 per cent in .
The web gaming market in New Jersey seems to be going towards equal disbursement. Once dominated by Borgata, last month the stakeholder that is smallest was Resorts with $3,052 pelican pete pokies,298, a positive change of less than $1 million. The Tropicana generated $3.24 million, while Caesars gathered $3.39 million.
Resorts has swiftly become a major player in New Jersey’s online gaming sector. Many Thanks towards the arrival of its poker network PokerStars, the casino climbed from $558,000 in revenue in July 2015 to $3 million last month.
The world’s internet poker operator that is largest hit the Garden State last March following a long vetting process by this new Jersey Department of Gaming Enforcement (DGE). It’s currently fighting neck-and-neck with WSOP/888 for the name of brand New Jersey’s online poker market leader.
Michael Phelps Finishes Olympic Job With 23rd Gold Medal
The one that is great finished. After 23 gold medals, United states swimmer Michael Phelps states his rushing career is over. (Image: Clive Rose/Getty Images)
Michael Phelps has swum his last Olympic race. That is if you believe the legendary athlete.
Sixteen years since their first Olympiad and 28 medals later, Phelps says the medley that is 4x100m had been the last leg in his storied career. There are literally hundreds, if not thousands, of drug test submissions where people have used cannabis once and still failed 30+ days later. Hair Follicle Drug Testing Although hair testing is more accurate compared to the other tests, it is relatively expensive and not reliable if a person only used marijuana once in the past.
The most decorated Olympian ever sold, Phelps is adamant in post-race interviews that he’s finished. He said the exact same thing following the 2012 London Olympics, but the 31-year-old says this time around is different.
‘Done, done, done, and this time I suggest it,’ Phelps told Matt Lauer. ‘I desired to come back and finish my career the way I wanted and this was the cherry on top associated with the dessert.’
With 23 gold medals, Phelps has 14 a lot more than any other Olympian. Their 28 total medals are 10 a lot more than Larisa Latynina’s 18, the second many ornamented Olympic athlete.
History into the Books
Nevada and Las Vegas got in regarding the game for the Olympics in 2016. For the first time since 2000, sportsbooks offered lines on a number of Olympic disciplines because of the Nevada Gaming Control Board amending regulations in 2015.
For the oddsmakers, that meant learning a host of unfamiliar sports. But when it came to Phelps and the pool, the decisions were pretty easy.
You would need to go against Phelps if you wanted to win any substantial money without placing a substantial bet.
Phelps won five of the six events he entered. He placed first in the 200m butterfly, 200m medley, 4x100m freestyle, 4x200m freestyle, and 4x100m medley.
He was understandably a favorite that is heavy the publications in the Silver State. For instance, the 4×200 freestyle team event was bettors that are requiring wager the maximum amount of as $700 on the US for a return of just $100.
The lone event he didn’t win, the 100m specific butterfly, had Phelps listed at -140 before the sprint.
Those who bet on Singapore’s Joseph Schooling to handsomely win gold were rewarded. A $100 bet for a Schooling upset of Phelps returned about $1,000 at most Nevada sportsbooks.
Lochte Robbed
Another American swimmer didn’t have quite the same success in Brazil as Phelps. Ryan Lochte, a 12-time olympic medalist in his or her own right, had a somewhat disappointing 2016 Summer Games.
He took part in only two activities, and while he was part of Phelps’ 4x200m freestyle gold relay team, he failed to medal in the individual 200m medley.
Things only got even worse following a summary of this competition that is swimming. Within the weekend, Lochte and several teammates were robbed at gunpoint by thugs in Rio de Janeiro.
‘We got pulled over inside our taxi and these guys came out with a badge, an authorities badge. No lights, no nothing, just a police badge. They pulled us over, they pulled out their firearms,’ Lochte told NBC.
‘And then the man pulled out his weapon, he cocked it, place it to my forehead and he stated, ‘Get down,’ and I place my hands up . . . He took our money, he took my wallet.’
Rio happens to be riddled with debate in its preparation and hosting of the 2016 Olympics. With six days to go until closing ceremonies, Lochte’s run-in with street criminals will have everybody else on an also higher alert.
