Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Alabama Bill Would Establish State Lottery and Legalize Casino Gaming

Republican Senate President Pro Tem Del Marsh: "Hundreds of Alabama dollars are getting to Mississippi, Florida, Tennessee and Georgia to play in their lotteries, their casinos,' he says.

Gambling reforms are underway in Alabama as a result of the efforts of Republican Senate President Pro Tem Del Marsh, whose bill, SB 453, seeks to determine a state lottery also legalize gambling at the state's four greyhound songs.

Del Marsh launched his push that is legislative just after a report he commissioned himself concluded that gambling expansion could generate up to $400 million for the state.

The analysis, carried out by the Auburn University of Montgomery, additionally unearthed that gambling expansion would create around 11,000 jobs in Alabama.

Del Marsh is promoting SB 454 as an alternative that is viable the $541 million income tax hike proposed by Governor Robert Bentley.

' I say allow the people of Alabama vote,' proclaimed Del March. 'The choice is clear to me personally: would you like to raise fees by $700 million or do require a lottery and casino gaming that will create $400 million and create 11,000 new jobs without having to raise taxes? The folks of Alabama should decide this relevant question for themselves, and nobody else.'

Alabama Dollars

The bill would view a lottery established by the Alabama that is newly-formed Lottery, plus the creation of the Alabama Lottery and Gaming Commission. It would additionally provide Governor Bentley abilities to negotiate with the Poarch Band of Creek Indians, which currently run three casinos and a resort in Alabama, to expand their operations.

'Hundreds of millions of Alabama dollars are getting to Mississippi, Florida, Tennessee and Georgia to play in their lotteries, their casinos,' complained Del Marsh. 'This is creating new jobs due to their individuals, new opportunities with regards to their towns and urban centers, new hotels, restaurants, entertainment facilities, brand new tourism bucks.

'It is time that Alabama dollars stayed below in Alabama, creating new jobs for the employees, creating brand new investments for our organizations, and tourism that is expanding opportunities for our towns and cities. We can achieve all that without raising taxes.'

'Ugly Part of Legislation'

The creation of a lottery would require an amendment to the Alabama State Constitution, and as such would require a public vote to pass. But not everyone can be enthused about the legislation as Del Marsh, not least the governor, who described SB 454 as 'one of the worst pieces of legislation' he previously ever seen.

'The governor seems to think this is an ugly piece of legislation,' Del Marsh retorted. '… From exactly what we've seen, it's really a pretty ugly tax package.'

Del Marsh is pressing for a public vote on the problem in September, and says he is confident that most Alabamans would support legislation that is such.

California Internet Poker Bill AB 431 Passes State Committee

Tiny modifications to Adam Gray's online poker bill could prove critical in California's look for opinion. (Image:

California on-line poker got a shot into the arm week that is last as Assemblyman Adam Gray (D-Merced) added amendments towards the language of his measure AB 431, that has been then passed away by the state's political Organization Committee.

The amendments came as being a shock, because the bill had really small language to speak of in the beginning. AB 431, along side an identical bill (SB 278) introduced to your California Senate by Senator Isadore Hall (D-South Bay), is a shell bill created to behave as being a car to hold the debate through the process that is legislative.

The facts are anticipated to be filled in later when, and if, California's hugely fragmented and split gambling industry can agree terms.

Hall and Gray are chairs of Senate and Assembly Government Organization committees of their respective houses, and as a result were able to facilitate hearings for the bills.

Although the amendments would appear at first glance to be little, they are significant, and have been interpreted as an effort to appease the Pechanga Band that is intransigent of;o Indians and its allies.

Qualified Entities

The Pechangas have actually been vehemently in opposition to involvement of so-called 'bad actors,' or those organizations that continued to just take wagers from Americans post-UIGEA, in addition to California's racetracks, in a regulated online poker market.

One change that is significant the bill would seem to end up being the introduction of the phrase 'qualified entities,' and the assertion that online poker would be limited only to these entities. While no definition has been provided, it can suggest room that is potential the exclusion of certain events, which should please the Pechanga coalition.

In fact, it would appear that the new changes to your bill allowed it to pass through the committee by having a unanimous vote week that is last. Previously, several tribes had registered their opposition to AB 431, a stance that has now been changed to neutral.

Consensus Needed

'We look ahead up to a meaningful procedure and reaching comprehensive legislation that respects California's longstanding public policy of limited gaming, protects children and the vulnerable, creates jobs, provides additional revenues for hawaii, and protects consumers plus the integrity of the gaming industry from businesses that never and have not respected US law,' announced Pechanga Chairman Mark Macarro, following the hearing.

Because online poker bills are classified as fiscal bills, a two-thirds are needed by them bulk to be passed into law. This is why disagreement among stakeholders has derailed efforts that are legislative the past and will continue to complete so until an opinion is reached.

At the recent meeting of the National Indian Gaming Association in San Diego, representatives of the Pechanga and their coalition partners showed a willingness to compromise in the bad actor question and proposed a unification regarding the tribal video gaming industry, so long as they could all work with PokerStars against the racetracks.

Caesars Bankruptcy Doesn't Hinder Best Revenue Postings As 2008

Caesars Entertainment CEO Gary Loveman, who is stepping down fleetingly after years embroiled in controversy, reported financial results of 'pre-crisis' levels' this week. It was his last conference call with investors before he exits the company. (Jeff Scheid/Las Vegas Review-Journal)

Caesars Entertainment has posted its best financial results since 2008, despite being embroiled in lengthy and bankruptcy that is increasingly messy.

Caesars reported Q1 income that is net of7.7 million on revenue of $2.2 billion across its four running units. By comparison, the business made a loss of $306 million on revenue of $2 billion for similar period year that is last.

Development was driven largely by the success of the company's online supply, Caesars Interactive Entertainment (CEI), and by the performance of brand new venues like the Horseshoe Baltimore and The Cromwell, which started almost an on the las vegas strip year.

CEI'S adjusted profits were up 101.3 percent to $62.6 million, while web income from continuing operations rose 992 per cent to $27.3 million. Loveman attributed this towards the product's 'strong organic growth' in social and mobile games.

Pre-Crisis Margins

' Our results for the period were reflective of actions we've taken to improve performance and position the ongoing company for profitable growth,' said Caesars outgoing CEO Gary Loveman. 'These actions include the further positioning of our cost framework to the operating that is current, assets in brand new and exciting hospitality amenities and ongoing investments in Caesars Interactive Entertainment.

' The combination of our efforts to increase revenue and further reduce spending resulted in margin that is significant in 1st quarter and fuels my optimism for the long-term possible to return and sustain pre-crisis margin levels.'

2008 was the year it all began going incorrect for Caesars. This was the year that, having enjoyed years of expansion under Loveman's leadership, the company had been obtained by Apollo Global Management and TPG Capital in a $30.1 billion leveraged takeover.

The next global economic depression hit Caesars hard and it has consistently struggled to produce a profit in face of the industry-high debt created by the takeover.

Healthy Outlook

The business stays locked in a legal squabble with a small grouping of its lower-level creditors itself has called 'the largest and most complex bankruptcy in a generation. because it tries to restructure and place its main operating product through Chapter 11 bankruptcy, in what Caesars'

Loveman was not able to touch upon the progress for the Chapter 11 filing for legal reasons. However, he said he ended up being feeling 'pretty good' about Q2's financial outlook and refused to share Steve Wynn's recent pessimism about the short-term health for the US casino market.

He did, however, suggest that Q2 declines could take place due to a curfew at Horseshoe Baltimore, imposed because of the recent social unrest in that city, and because of the brand New Orleans smoking ban.

This was Loveman's final seminar call with investors before he steps down from his post in the summer, following several years of debate over his leadership alternatives. He will be replaced by former Hertz Global Holdings CEO and Chairman Mark Frissora, whom officially dons their laurel wreath on 1 july.

Pentagon 'Charge associated with the Sex Brigade' Scandal Shows Employees Using Government-Issued Credit Cards to Pay for Gambling, Hookers

A Pentagon official told that employees charging gambling and 'adult entertainment services' for their government credit cards were likely doing so to hide the deals from their wives. (Image: Getty)

An audit of the Pentagon has revealed that revelry seems to be area of the culture in America's Defense Department head office.

Pentagon workers can consider themselves totally busted this for funding gambling sprees and 'adult entertainment services' via their government-issued credit cards week.

An Defense that is internal Department, soon to be published, unearthed that both military and civilian employees had been guilty of utilizing the credit cards at casinos, and for procuring the solutions of 'escort agencies' in Las Vegas and Atlantic City.

These employees presumably preferred to use work that is official instead than individual ones in an effort to hide the illicit transactions from spouses and significant others. What could go wrong?

A Pentagon official emphasized to, However, that the national federal government would not (necessarily) foot the bill while its employees made whoopee. Card holders are necessary to pay their credit that is own card and then make expense submissions for the portion of the bill, the official said.

Sex Sells, But Did the Pentagon Reimburse for It?

Nonetheless, the chance is that the Pentagon has, at some point, unwittingly taken care of sex, as well as stumping up the cash for the odd lousy session that is blackjack two.

In fact, it is estimated that forbidden credit card transactions cost the government hundreds of millions of dollars each year. A report by the federal Government Accountability Office recently found that 'abuse of government issued credit cards is a growing challenge in recent years.'

Senator Chuck Grassley [R-Iowa], who introduced the Government credit Card Abuse Prevention Act in 2012, said this week that he was alarmed during the revelations, but hoped that his legislative efforts had paved the means for the audit that is internal.

'I'm interested to see the report to see more about what's being done, appropriate and incorrect, at DoD to prevent abuse,' he said. 'What I hope is that my reforms that became law have been implemented well and that agencies and auditors are utilizing the reforms to get problems.

'The law requires periodic audits by inspectors general, similar to this one, specifically to carry on top of charge card abuse and hold agencies accountable for implementing the necessary internal controls.'

Crooked Admiral

The state whom talked to stressed that the review was a review that is broad of card deals, compared towards the behavior of individuals, therefore no jobs were on the line at this time. It's more likely that particular departments, where such behavior is most prevalent, will merely be given a stern talking to.

Needless to say, this is simply not the first, or likely the last, time that top armed forces brass have had their wrists slapped for inappropriate gambling shenanigans. Last year, Admiral Timothy Giardina, formerly second-in-command at US Strategic Command, was fired for trying to pass off chips that are fake the only one of their regional casinos from which he'd not already been barred, the Horseshoe Casino in Council Bluffs, Iowa.

Giardina initially told police he had bought the chips from the man within the restroom, before revising his account associated with the incident in a military court, saying he had merely 'found' them in a stall in the restrooms. But a DNA test suggested he might have actually developed the chips himself 'using stickers and glue.'