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CEO Lee Amaitis (center) recently opened the Cantor Gaming Atlantis sports book; some say he is under federal scrutiny now

Not a goes by in the gaming universe without someone in a position of power somewhere being scrutinized by the feds anymore, it seems day. Now Cantor Gaming CEO Lee Amaitis is under the limelight, according to the The Wall Street Journal, on the coat tail of colleague Michael Colbert Cantor’s now released vice president of danger management who pled guilty just last month to knowingly accepting illegal bets.

Denial through the Top

Parent business Cantor Fitzgerald was fast to deny the rumor, however, saying in an issued statement: ‘We feel compelled to address this irresponsible and rumor that is baseless. The notion that Lee Amaitis is a target of federal prosecutors or he participated in unlawful bookmaking is false and baseless.’

Of program, Anthony Weiner additionally vehemently denied he was still sexting, therefore there you go with regards to denials of rumors.

Accepting wagers from ‘runners’ people who spot wagers for an operation is illegal in Nevada, where Cantor Gaming is headquartered.

It could truly behoove the sports book company to distance themselves from any further insinuations of illegalities, given that Amaitis just attended opening ceremonies for the Cantor that is new Gaming and sports books at the Atlantis Casino on Paradise Island into the Bahamas. The company now has eight sports books in Las Vegas, operates the Palms Casino poker room, and provides mobile betting apps, along with the Atlantis that is new book which will be their first run outside of Nevada.

No Allegations Officially Made

Cantor Fitzgerald ended up being quick to indicate that no actual allegations of any wrongdoing by Amaitis have been lucky nugget casino no deposit bonus codes made by authorities. Yet.

33-year-old former vice-president Colbert has already entered his guilty plea up to a single felony cost of conspiracy in a ny federal courthouse (bet we can guess what type). In accordance with documents, he’ll get sentencing Dec. 9, joining so many others who is going to be having a great visit to the joint from the world that is wonderful of.

Colbert had been found in a joint arrest couple of years ago, along with 24 others, whenever he was caught red-handed for an illegal sports to his involvement betting ring in Queens, NY. He originally was looking at eights counts of conspiracy, corruption and money laundering, but the Queens case ended up being dismissed while the matter of his moving $100K in gambling profits from Las Vegas to New York was forwarded to the U.S. Attorney’s docket.

Although the ex-veep’s attorney of record refused to comment, The Wall Street Journal reports that Colbert is ‘cooperating’ in the Cantor Gaming matter; might that mean singing like a bird so he can fly totally free in December? Time will tell.

To their credit Amaitis did reportedly aid into the rebuilding of parent company Cantor Fitzgerald after the September attacks that are 11th the planet Trade Center, in which the company lost about 2/3rds of their workers. Amaitis was at London during the time, heading up business’s international dealings.

Wynn Eyes Philadelphia for Next Casino Resort Project

Wynn Resorts is one of six casino companies pitching to enter the Philadelphia gaming market

The casino legend who started off back East with the original property that has become the much-sought-after Atlantic Club in nj’s gaming mecca seems to be putting a lot of energy into reclaiming his stakes in that component of the planet. The wind will blow in Massachusetts for approval of his proposed Everett, Massachusetts project, he is also waiting to get word on another new resort casino destined for the Philadelphia, Pennsylvania area while gaming mogul Steve Wynn waits to see which way.

No Decisions Till Next Spring

Wynn will need to hold back until early Spring 2014, through the looks of it, however; that is when chairman associated with Pennsylvania Gaming Control Board William H. Ryan, Jr. says the selected project for Philly’s coveted 2nd casino license should be determined. With six candidates waiting eagerly in the wings, you will have a general public hearing held in January to simply help determine what type would be the fit that is best, noted Bill Lerner, who runs Union Gaming Research, an industry analyst in Las Vegas.

‘The hearings gives applicants a possiblity to give the board and make their situation for why they should be granted the permit,’ Lerner stated in a released research note. ‘It is possible losing bidders could appeal the board’s choice to their state Supreme Court, which could take roughly half a year.’

Wynn’s project is naturally planned out in-depth already, with Wynn Resorts teaming up with a bevy of lovers to build this second Philadelphia resort casino ( the HSP Gaming’s SugarHouse has been up since 2010 in the City of Brotherly Love). Tower Entertainment LLC, Market East Associates, PHL Local Gaming LLC, PA Gaming Ventures LLC and Stadium Casino LLC will all join hands with Wynn, if given the high sign, to create a 150,000-square-foot casino that would house 900 slot machines and 100 table games, next to a 300-room resort, all developed on a 60-acre waterfront property.

This will be Wynn Resorts second go at a Philly property; they were in the operating right back in 2010 by having a $600 million task, but pulled out before a decision had been made at that time.

The proposed Philly casino plus the feasible $1.5 billion Everett, Mass. project are not all Wynn Resorts has on the board that is drawing they may also be taking care of a $4 billion casino for Macau’s Cotai Strip.

Is Pennsylvania Market Leveling Out?

Since 2010, it might probably now be tougher for Wynn to crack to the Pennsylvania market; industry expert David Schwartz who heads up the Gaming Research Center at vegas’ University of Nevada (UNLV), says that region has somewhat leveled down in growth (a pattern that is being seen across the U.S. into the land video gaming areas today) into the past several years.

‘After six years of really blockbuster growth, now it appears to have leveled off,’ Schwartz said. ‘Remember, it went from zero to $3 billion. It could be because it’s really a $3 billion industry.’

But Schwartz adds that the specific situation is far from hopeless, noting similar predictions that are dire connected to the Las Vegas market several times, in 1989, 1993, and again in 1998. He says a new wynn resorts property in Philadelphia could very possibly reinvigorate the industry there.

Nj-new Jersey Online Gambling Establish Plan Formally Announced

Coming to nj-new Jersey, just in time for Thanksgiving: Internet gambling enterprises

It has been a wait that is long but as expected, nj’s endeavor into the world of online gambling will begin on November 26, enabling state residents to begin with playing their favorite casino games online just in time for Thanksgiving.

Soft Launch First

According to New Jersey’s Gaming Enforcement Division, Atlantic City’s 12 casinos will have a way to begin a ’soft play’ launch on 21 november. At that point, merely a limited wide range of invited guests will be able to play in the sites. Presuming that all goes well with the websites in that period, then full scope, real money online gambling will begin at 9 a.m. local time on the 26th.

The rules for playing on New Jersey’s gambling sites are easy. In order to play, users will physically have to be located within New Jersey, but are not essential to reside there. All players may have become at the very least 21 years of age.

So far, nine of the 12 casinos in Atlantic City have announced partnerships with computer software providers that will allow them to launch their Web casinos, while a 10th the Trump Plaza is rumored to have partner with Betfair, though who has yet to be confirmed.

The Borgata is known to be working with bwin.party, while Caesars Entertainment which owns four Atlantic City properties will be partnering with 888 Holdings among the confirmed partnerships. Meanwhile, Resorts Casino resort has announced a partnership with PokerStars, as the Taj Mahal will use Ultimate Gaming, which already has experience now running the online that is first site going to in Nevada (Caesars Interactive has launched a second site there). Meanwhile, the Tropicana Casino and Resort will mate with Gamesys Limited. Finally, the Golden Nugget has announced that it will be using Bally Technologies.

Dropping Profits for AC Land Casinos

The internet gambling launch will come as a opportunity that is welcome the struggling Atlantic City casino gambling industry. In 2006, Atlantic City’s gambling revenues peaked at a high that is all-time of5.2 billion. However in the previous few years, lots of new casino properties in Pennsylvania, nyc, Maryland and other regionally competitive locations have chipped away at that income, which stood at just over $3 billion year that is last could fall below that mark in 2013. This fall became all the more precipitous after Hurricane Sandy caused heavy injury to this new Jersey shore in belated 2012. That has led to a loss of jobs and income tax revenue for their state.

Not everyone is convinced that on line gambling will make much of an impact. Some are involved so it may just shift players whom ordinarily arrived to gamble in the casino to online gaming, which could even be harmful, as they will not be buying resort rooms and meals or shopping at the casino resorts. But industry officials that are most think the internet effect is going to be good, providing much needed income for the floundering casinos there.

New Jersey’s Internet gambling legislation ended up being passed away by both houses and finalized into law by Governor Chris Christie earlier this year. That came after Christie had previously vetoed a comparable law the year before, citing issues that the bill might not pass muster that is constitutional. However the new version of this law was approved after Christie first issued a conditional veto, which allowed legislators to create some small changes to the bill, including requiring it to expire in a decade making sure that legislators would have a chance to debate its merits again in ten years.

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