Genting Gambles in Florida with Uncertain Results
A rendering of 1 portion of the proposed Resorts World Miami Genting casino resort project; the $3 billion project nevertheless has not received a sign that is high Florida lawmakers.
They do say cash talks, but in Genting Resorts World’s case, it’s maybe not been speaking as loudly as the ongoing company might like.
Maine Gambling Enterprises Oppose Expanded Gambling in State
Most people think of Maine like this, but a small casino contingent is wanting to hold their own there because well. (Image: Katarina Neef/atpm.com)
We may not agree we know there are plenty of reasons that people may oppose more gambling in their state, from moral objections to worries about problem gambling with them, but. However in Maine, gambling is finding an opponent that is unusual the gambling enterprises by themselves.
Read Our Lips: No New Casinos
Officials from the two Maine casinos currently in operation talked to lawmakers this and said that they shouldn’t approve any expansion of the casino industry in the state week. In cases like this, it appears that the casinos believe that the market in the state is totally saturated already while others believe they’re simply afraid of a small indian dreaming slot machine free play competition.
The two properties under consideration the Hollywood and Oxford Casinos faced off as you’re watching Joint Standing Committee on Veterans and Legal Affairs against members of two native tribes that are american the state, as well as the owner of the Scarborough Downs race track, over a number of bills that would serve to grow Maine’s gambling options.
The most controversial of those is recognized as LD 1111. It might allow Scarborough Downs to become a ‘racino,’ operating slot machines with their current horse racing operations. That issue has already been brought to referendum last year, whenever it received only 45 percent of the vote statewide.
According to track owner Sharon Terry, Scarborough Downs is struggling due to the competition it faces from the casinos in the state particularly Oxford Casino, that will be simply 45 minutes away and opened in 2012 june. And while Hollywood Casino may be further away, it features a companion racino, allowing it to offer everything Scarborough Downs can and more.
Terry says that revenues fell 21.8 percent at her track since slots were allowed at the Bangor race track, and that the situation gets even worse considering that the opening of the Oxford Casino. Since Scarborough Downs is in charge of 101 days of rushing each year, the cut in revenue perhaps not only threatens the track, but additionally Maine’s entire horse racing industry.
‘The Downs cannot endure beneath the laws that are current’ Terry said.
Nevertheless, the general managers of both casinos in addition to several business people into the Oxford area disagreed, opposing slots that are allowing the Scarborough Downs facility. In basic, the casinos feel that any gambling that is new the state threatens to ‘cannibalize the industry,’ as Maine is a relatively small state without enough gamblers to support more venues.
That helps explain why they also opposed three other bills being considered by their state. Those come with a bill that would allow charities to run up to five slots at their headquarters to be able to raise funds, as well as two bills that would allow Indian tribes to expand their gambling operations: the one that would let the Houlton Band of Maliseets to operate slots and table games, and another that will let the Passamaquoddy Tribe apply to run table games and slots at a current bingo facility.
‘Should further facilities available or expand, we would see further erosion of our customer base,’ said John Osborne, general manager of the Hollywood Casino.
Big Banks Refuse to Process Legal Online Gambling Transactions
Major bank card issuers like Chase, Wells Fargo and American Express won’t process online that is even legal gambling, they do say. (Image: Jason Hindley/money.cnn.com)
Everything seemed so hunky dory: Nevada, Delaware and brand New Jersey all got legal online gambling or at poker that is least, in Nevada’s situation up and running in 2013, and aside from a few dilemmas with geo-location snafus, overall, the sites in all three states have actually been running pretty smoothly. Except for just one fairly major bug that has nothing at all to do with the sites by themselves: major monetary organizations like American Express, Wells Fargo and J.P. Morgan Chase are refusing to process any money interactions on these web sites, legal or perhaps not.
Your Transaction Is Denied
Whether credit or debit, several card that is heavy-hitter say they are not gambling regarding honoring their cards on online gaming web sites. And obviously, that’s not sitting well with many players whom say, exactly what offers? But the banks involved say they’ll not budge, not for online casinos, poker or sports that are even legal in Nevada.
‘We do not let credit card transactions for this task,’ said Steve O’Halloran, director of pr and affairs that are public Chase Card and Merchant Services. And American Express spokeswoman Sanette Chao concurs, saying her business simply ‘prohibits the usage of the card for gambling services.’
While some may conclude that this might be some sort of moral imperative, it ends up that it’s more of a bottom-line that is simple decision than anything else.
‘Gambling services, historically, account for a high number of card member credit losses and customer service disputes,’ noted Chao.
UIGEA Still Directs Banks’ Positions
And some banking institutions do still hold onto the old UIGEA model (Unlawful Web Gambling Enforcement Act of 2006), because, all things considered, from a federal standpoint, it’s still murky exactly how it is become interpreted after a 2012 reinterpretation of the initial 1961 Wire Act ended up being handed down from the Supreme Court that opened the doorway to at minimum state-by-state lawful Web gambling.
Wells Fargo spokeswoman Natalie Brown states this is the reasoning behind her company’s decision to decline gambling deposits.
‘In compliance with regulation GG (Unlawful Internet Gambling Enforcement Act of 2006), we prohibit the usage of consumer credit cards for online gambling,’ said Brown, whom is vice president of customer lending communications with Wells Fargo. ‘The sites (Visa, MasterCard and American Express) monitor the merchant category codes and block charges that don’t comply with federal laws.’
While this may make some sense from their perspectives, it can prove a difficult truth for online players in appropriate gambling states.
‘What the industry has done is take an approach that is conservative response to the legalization of online gambling,’ said Tobin Prior, CEO of Ultimate Gaming, which is really a subsidiary of Station Casinos, a land-gaming proprietor in Nevada and the first ever to go online with legal poker into the Silver State. ‘That can be frustrating, but we work with clients to get alternatives.’
One of the benefits of this brick-and-mortar/Internet symbiosis is that clients can both fund and cash out at any of their land gaming properties, in either Southern Nevada or at Station’s land gaming partner the Taj Mahal in Atlantic City. Players can also use e-checks or wire transfers to prior make deposits noted.
While legal websites might wish that banks had been more in their court right now, Caesars WSOP site’s spokesperson Seth Palansky states it really is what it really is.