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Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn is ready to place a ‘for purchase’ sign up at the Trump Taj Mahal, but before the Atlantic City home goes in to the MLS listings, the billionaire investor is first taking some time and energy to lambaste State Senate President Stephen Sweeney (D).

The Trump Taj Mahal will not be an element of the Trump Entertainment Resorts brand, presuming billionaire Carl Icahn will find someone to buy the Atlantic City resort.

Writing on their personal site, Icahn states regarding the Democrat, ‘a man that is wise told me that the mixture of power and irresponsibility in almost any person is acutely dangerous. Sweeney is the proof that is quintessential of declaration’s truth.’

Icahn shuttered the Taj Mahal October that is last after company couldn’t comprehend Unite Here regional 54, the casino union that represented the resort’s bartenders, wait staff, cooks, housekeepers, and other service workers.

During Icahn’s negotiations with the local workers union, Sweeney introduced legislation that sought to block casino owners from reopening venues they ‘substantially closed’ for a minimum of five years. The bill was unquestionably directed at the billionaire, who numerous believed was scheming to resurrect the Taj in 2017 clear of union agreements.

After the town’s 5th casino in 3 years went dark, the newest Jersey Legislature passed Sweeney’s bill. Soon after, Icahn willingly forfeited his casino lic Continue reading Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

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Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

A planned Connecticut casino will reveal its targeted location for construction in the coming days, and the impending announcement has the ears of all vested gaming interests operating in the northeast.

MGM Springfield in Massachusetts is causing quite a stir, as another Connecticut casino is in the works to offset the impact of the megaresort.

The Mashantucket Pequot and Mohegan Native American tribes are working together to bring the Constitution State a third casino venue. The joint venture is in response to MGM Springfield, the $950 million resort currently under construction in southern Massachusetts.

State lawmakers permitted the two tribal groups to build a third casino off their sovereign lands in order to keep gambling revenue in the state and protect jobs.

The Mashantucket and Mohegan people are considering building in the northern part of the state in the towns of Windsor Locks or East Windsor. That would place the Connecticut casino just 15 miles from MGM Springfield.

With MGM, state lawmakers, and residents anxiously waiting, the tribes say the official announcement of the casino will be revealed in the coming days. ‘We’re days, not weeks or months . . . from announcing a decision,’ Mohegan Chairman Kevin Brown said this week.

MGM States the Obvious

Once the Native American coalition pinpoints its gaming location, the state legislature will need to sign off on the construction. The facility is expe Continue reading Third Connecticut Casino Announcement Has All Ears Piqued in Northeast

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Carl Icahn Rips New Jersey Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn Rips New Jersey Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn is ready to put a ‘for sale’ register at the Trump Taj Mahal, but before the Atlantic City home goes into the MLS listings, the billionaire investor is first taking some time and energy to lambaste State Senate President Stephen Sweeney (D).

The Trump Taj Mahal will no longer be area of the Trump Entertainment Resorts brand, presuming billionaire Carl Icahn can find someone to buy the Atlantic City resort.

Writing on his personal site, Icahn says associated with Democrat, ‘A smart man once told me that the combination of power and irresponsibility in just about any person is exceptionally dangerous. Sweeney is the proof that is quintessential of statement’s truth.’

Icahn shuttered the Taj Mahal last October after his company couldn’t come to terms with Unite Here neighborhood 54, the casino union that represented the resort’s bartenders, wait staff, cooks, housekeepers, and other service employees.

During Icahn’s negotiations with the workers that are local, Sweeney introduced legislation that sought to block casino owners from reopening venues they ‘substantially closed’ for a minimum of five years. The bill was unquestionably fond of the billionaire, who many believed was scheming to resurrect the Taj in 2017 clear of union agreements.

After the town’s fifth casino in 36 months went dark, this new Jersey Legislature passed Sweeney’s bill. Soon after, Icahn willingly forfeite Continue reading Carl Icahn Rips New Jersey Senate President Sweeney, Gov. Christie Vetoes Casino Bill

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North Korea Deals a Last Hand to Kim Jong Un’s Casino-Loving Half-Brother, Assassinated in Malaysia

North Korea Deals a Last Hand to Kim Jong Un’s Casino-Loving Half-Brother, Assassinated in Malaysia

North Korean dictator and anti-gambling hardliner Kim Jong Un’s more fun-loving half-brother Kim Jong-nam was headed to Macau, presumably for a gambling junket, when he was reportedly assassinated on Tuesday at the Kuala Lumpur International Airport in Malaysia.

North Korea’s Kim Jong Un hasn’t publicly addressed the assassination of his decade older half-brother this week in Malaysia, but all signs point to the dictator being involved in the murder. The brother, known to be a gambler, was headed to Macau when he was accosted by a woman and killed.

Though details of the murder are still developing, the latest reports claim two women approached the exiled North Korean, with one placing a cloth containing a suspected poison over his face. Jong-nam died on the way to the hospital at the age of 45.

Malaysian police say they’ve arrested one of the women, and note she’s a 28-year-old holding a Vietnamese passport.

Heir Abhorrent

The oldest son of Kim Jong-iI, the notorious supreme leader of the Democratic People’s Republic of Korea (DPRK), Jong-nam was well-known for leaning towards much-frowned-upon Western frivolities like casinos. None of that flew well with his famously harsh and merciless sibling-in-command.

North Korea has strict laws against gambling, as it does regarding any practice that might lead to a bit of fun or enjoyment for its citizens. There are, however, two casinos i Continue reading North Korea Deals a Last Hand to Kim Jong Un’s Casino-Loving Half-Brother, Assassinated in Malaysia

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Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst

Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst

Global casino operators are bending over backwards to get a piece of the future Japanese casino industry, but they may have to wait just a little bit longer.

Union Gaming Analyst Grant Govertsen believes Japan is unlikely to develop a framework of regulation for casino gaming until the fall and it will likely be an ‘October or November’ event.

The Japanese Diet passed its Integrated Resorts Promotion Bill in December, after years of mulling the issue, paving the way for the opening up of a market with the potential to become the second biggest in the world, after Macau. But Japan has not regulated casino gaming, not yet, at least.

The Integrated Resorts Bill was an enabler, giving the Diet a 12-month deadline to prepare a framework of regulation, which will lay down licensing requirements and measures to protect problem gamblers from using casinos.

No Movement in Spring

With the Diet’s ordinary session getting underway nice and early, on January 20, it was hoped that process would begin soon, but not so fast, says Union Gaming Analyst Grant Govertsen. There is unlikely to be any movement on regulation during the spring session, he said in a note this week.

‘Rather, we think the Diet has already made the decision to handle the IR bill during the fall special session, suggesting that it is more likely going to be an October or November event,’ Govertsen said.

Prime Minister Shinzo Abe’s ruling Liberal Dem Continue reading Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst