Brand New Hampshire Casino Bid Rejected by One Vote

It’s very good news for Massachusetts, as New Hampshire rejects its casino bill that is latest.

It might be impossible for New Hampshire to come closer to legalizing casino gambling without really doing it following a two-hour debate, the state’s two-casino bill was killed off in the home the other day by one vote, just one single month after its one-casino bill was refused by 29 votes, and 12 months after the one before that. Deputy Speaker Naida Kaen, who had been presiding on the session, cast the deciding vote following a tie that is 172-172.

The bill could have paved the way for two gaming licenses for which operators would compete in a bidding process. With regulations drawn up by the Gaming Regulatory Oversight Authority, it hoped to generate $25 million in revenue-sharing for towns and towns, and a recent poll by the University of the latest Hampshire suggested that the majority of residents were in support of casino gambling.

Two casinos in full operation would bring in $168 million for the continuing state, it is believed, and the Granite State needs the amount of money more than ever, now that its controversial ‘hospital tax’ was ruled unconstitutional, leaving a $185 million hole within the state budget.

A Brand New Hope

It’s understood that 17 representatives whom voted against last month’s bill changed their minds this time around, mostly because it was tagged onto a bill to decriminalize marijuana, that they supported. Likewise, 42 representatives were marked as absent, presumably since they weren’t therefore keen on the marijuana bit. It’s also believed that some representatives motioned to kill the bill so amendments could be debated and a renewed bill drawn up.

This is enough to inspire hope for the prime sponsor of the bill, Manchester Democrat Lou D’Allesandro. A motion has already been filed to reopen debate on the bill, and D’Allesandro thinks it features a good chance of being passed the next occasion.

‘While we am disappointed in the rejection of the bill today, which may have permitted for personal investment that would stimulate economic growth and job creation, I stay hopeful that a various outcome might still be possible,’ D’Allesandro said in a statement.

Not every person was so delighted by the idea of a reconsideration of the bill, nonetheless.

‘I feel like this is deja vu all over again,’ groaned Hopkinton Democrat Rep Gary Richardson, tautologically. ‘We had this debate a month ago, nevertheless the problems have actually not gone away.’

Good News for Massachusetts

One thing’s for sure: the big winner for now is Massachusetts, whose very own burgeoning casino industry would be damaged by legalization in neighboring New Hampshire. This past year, Massachusetts Gaming Commission Chairman Stephen Crosby said he was concerned about the consequence brand New Hampshire gambling enterprises may have on the Boston market, adding that he believed it ended up being ‘inevitable’ that the casino would open in Salem.

‘It’s a victory, because it looks like that continuing state is not quite ready in order to make the plunge,’ stated the Rev. Richard McGowan, a Boston university gaming expert. ‘It would help Boston … people in New Hampshire are greatly predisposed to come to the Boston area instead of heading all of the way down to Connecticut.’

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Along with the New Hampshire bill plunged into uncertainty, it will now give Wynn Resorts and the Mohegan Sun less to worry about as they fight for the remaining Massachusetts casino license.

‘It certainly makes both of these happy that there is one less competitor,’ agrees McGowan. ‘It will not really help the center in Western Massachusetts, but it shall certainly be a boost in Boston.’

Nyc Art Dealer Helly Nahmad Sentenced for Role in Gambling Ring

High-profile New York art dealer Hillel ‘Helly’ Nahmad will spend over a year in prison for their role in a huge high-stakes ring that is gambling. (Image: Elitedaily.com)

Once upon a time, well-known New York City art dealer Hillel ‘Helly’ Nahmad offered gambling services to celebrities and other ultra-rich clients around the globe. Now, he’ll be spending a little over a 12 months in prison for his leading role in just one of the largest illegal gambling bands across the globe.

Nahmad was sentenced to at least one year and another day in federal jail on last week for operating a illegal gambling ring that worked with athletes, Wall Street professionals and Hollywood celebrities. Nahmad pleaded guilty to the charges as an element of a deal in which he admitted to running and financing the operation, also getting a share that is large of ring’s earnings.

But despite that deal, Nahmad will nevertheless have to face prison time. He had hoped that his proposal to spend $100,000 per year right into a program to instruct art to children that are underprivileged be accepted, but which was soundly refused by U.S. District Judge Jesse Furman.

‘There is just one method for Mr. Nahmad to know his actions have actually consequences,’ Furman stated, ‘and that is to deliver him to jail.’

Judge Questions Nahmad’s Remorse

Judge Furman noticed that Nahmad’s request could have been taken more seriously had he shown some intent to reform himself throughout the year that is past.

‘Doing good works before sentencing is as low-hanging fresh fruit he didn’t pick it,’ Furman said as it comes, and. ‘It kind of baffles me, become completely honest.’

In addition to his jail time, Nahmad will need to pay a $30,000 fine, complete 300 hours of community service, and live under supervised launch for three years. That is as well as the $6.4 million he’d already agreed to forfeit as being a section of his plea deal one that also saw him give all rights up to ‘Carnaval a pleasant, 1937,’ a Raoul Dufy painting worth hundreds of thousands.

Nahmad’s solicitors had argued he grew up ‘in a culture where gambling had been appropriate and gambling with high stakes was maybe not just done but…was normal.’ They pointed out which he had been gambling since a young age, placing bets on Knicks games since he was 14 and having been thrown out of a Monaco casino at 15.

Nahmad, now 35, may be the son of billionaire art dealer David Nahmad. The Nahmad family is reportedly worth approximately $3 billion.

‘My family is just a family that is private I brought dishonor to it,’ Nahmad told Judge Furman. ‘we will never ever forgive myself for exactly what I have done.’

Ring Had Ties to Russian Crime Syndicates

Nahmad ended up being certainly one of 34 individual arrested last April when authorities finally broke up the ring. Others charged included several people who were reportedly connected to Russian organized crime, including Alimzhan Tokhtakhounov, who was simply believed to lead the entire operation from overseas. Tokhtakhounov is also said to own tried to correct figure events that are skating the 2002 Olympics.

A total of 28 people for the band have pleaded guilty. That group includes Anatoly Golubchik and Vadim Trincher, who were each sentenced to five years in prison this week.

Pennsylvania Holds Online Gambling Hearing

On the web gambling issues were wrestled with a Pennsylvania House Committee. (Image: SimonsFund.org/thecapitol.com)

Of the numerous states which have taken up casino gambling over the last decade, none have now been more successful than Pennsylvania. The state overtook neighboring New Jersey (home of Atlantic City) as the leading state for gaming revenue in the northeast, a move that ultimately sparked a casino arms race throughout the region in just a few short years. Now, Pennsylvania seems to be considering a transfer to the ultimate frontier associated with the American gaming industry: online gambling.

The Pennsylvania House Democratic Policy Committee held a public hearing last week to talk about the impact that regulating online gambling could have on the state. The technology involved and consumer protection were discussed over the course of the hearing, issues ranging from the potential social impact of Internet gaming to policy issues.

A Start to Discussion, Maybe Not a finish

The hearing had been co-chaired by State Representatives Rosita Youngblood (D-Philadelphia) and Tina Davis (D-Bucks). In accordance with Youngblood, the hearing had been designed to be considered a first look at the likelihood of bringing online gambling to Pennsylvania, rather than the time for you to make any decisions.

‘ The main purpose behind this hearing would be to jumpstart the debate and provide a place for our members to obtain valuable information so that individuals are prepared to deal with this issue within the near future,’ Youngblood said.

The hearing began with opening remarks, and after that four panels had been held on various problems surrounding the Internet gambling debate.

Kevin O’Toole, executive director for the Pennsylvania Gaming Control Board (PGCB), talked to the agency’s role within the ongoing discussion for the issue.

‘The Gaming Control Board, because the agency that is regulatory does not advocate for or against Internet gambling,’ O’Toole stated. ‘If online gambling is authorized in Pennsylvania by the Legislature and the Governor, we do advocate that the existing certified casino operators function as the authorized providers of the activity.’

While O’Toole expressed confidence that the PGCB could oversee online gambling in the state if contacted to accomplish so, he did say that age verification could be one area of concern.

‘At the full time that a person registered for a gaming that is online, his/her information can be verified to ensure proper identity and age,’ he said. ‘However, it gets to be more difficult to determine with confidence that no one other compared to registered player uses that account. This dilemma requires to be further researched to spot a better process for age verification.’

Regulation Would Protect Consumers

Throughout the hearing, several other major players in the neighborhood and national gaming industry were able to share their views as well.

Poker Players Alliance Executive Director John Pappas ended up being the last speaker, and framed the regulation of online poker as a step to protect customers.

‘Our discussion today just isn’t about expansion of video gaming, it is about corralling the current marketplace that is unregulated turning it into something that is safe for consumers and accountable to regulators and our government,’ Pappas said.

The hearing comes after a Pennsylvania Senate committee commissioned a study on gaming in the state year that is last. That report was expected become released by May 1, though it has not yet been made public.

Not all of Pennsylvania’s efforts to expand gambling have gone efficiently. a present effort to allow taverns to host small games of chance attracted little interest despite hopes that 1000s of venues might apply for licenses, using the cost of licensing and the required background checks having dampened enthusiasm from club owners.

‘Hopefully we are going to learn our lesson from the debacle we are seeing with all the expansion into tavern gaming, and can provide a debate that is thorough discussion with this issue before allocating out the revenue it will produce,’ Youngblood said.