In the first story, Sheldon Adelson Fronts Effort for Legal Texas Casinos
Is Real money casino gambling illegal in the state of Texas? Private card rooms try and skirt the current law. However, legislation opening the door to Las Vegas-style casinos remains shut. As the chairman and CEO of Las Vegas Sands, billionaire Sheldon Adelson has the ability to wield quite a bit of political influence. Most of this is through hefty donations to the Republican Party. He has set his sights on Texas as a potential market for expansion. To aid his cause, he retained the services of eight casino lobbyists out of Austin.
Next up, Gohar Organization Fugitive Found Guilty of Illegal Gambling
The Gohar Organization were able to build an illegal gambling empire in parts of Northern California. It was led by Yaniv and Orel Gohar. Both brothers fled the country in 2017 to their native country Israel. Yaniv was extradited back to California to face charges in 2019. His brother was finally brought to justice this year. They were both charged with illegal gambling and money laundering. At their height, they operated more than 500 illegal slot machines through various retail accounts. The only legal casino-style gambling in California is through Native American casinos. Orel will be formally sentenced on March 2.
In the next story, Massachusetts Raises The Bar on Casino Transparency
Each state with land-based and online casino gambling have their own specific reporting requirements. This can pertain to a monthly basis as well as a quarterly report. One of the stricter states in the country is Massachusetts. There are three separate gaming companies operating land-based casinos in that state. Each one must comply with the guidelines required for quarterly business reports. This covers revenue generated through slots and table games. It also covers state taxes paid for each gaming segment. Diversity spending is also tracked. There is a Minority Business Enterprise, Veterans Business Enterprise and Women’s Business Enterprise.
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In the first story, Sheldon Adelson Fronts Effort for Legal Texas Casinos
Is Real money casino gambling illegal in the state of Texas? Private card rooms try and skirt the current law. However, legislation opening the door to Las Vegas-style casinos remains shut. As the chairman and CEO of Las Vegas Sands, billionaire Sheldon Adelson has the ability to wield quite a bit of political influence. Most of this is through hefty donations to the Republican Party. He has set his sights on Texas as a potential market for expansion. To aid his cause, he retained the services of eight casino lobbyists out of Austin.
Next up, Gohar Organization Fugitive Found Guilty of Illegal Gambling
The Gohar Organization were able to build an illegal gambling empire in parts of Northern California. It was led by Yaniv and Orel Gohar. Both brothers fled the country in 2017 to their native country Israel. Yaniv was extradited back to California to face charges in 2019. His brother was finally brought to justice this year. They were both charged with illegal gambling and money laundering. At their height, they operated more than 500 illegal slot machines through various retail accounts. The only legal casino-style gambling in California is through Native American casinos. Orel will be formally sentenced on March 2.
In the next story, Massachusetts Raises The Bar on Casino Transparency
Each state with land-based and online casino gambling have their own specific reporting requirements. This can pertain to a monthly basis as well as a quarterly report. One of the stricter states in the country is Massachusetts. There are three separate gaming companies operating land-based casinos in that state. Each one must comply with the guidelines required for quarterly business reports. This covers revenue generated through slots and table games. It also covers state taxes paid for each gaming segment. Diversity spending is also tracked. There is a Minority Business Enterprise, Veterans Business Enterprise and Women’s Business Enterprise.
In the last story, Atlantic City Casino Gross Profits Tumble in Third Quarter Report
The New Jersey Division of Gaming Enforcement released the third quarter figures for collective gross operating profit. While all nine land-based venues did report a plus number, the drop verse last year was 37 percent. Capacity limits, health and safety coronavirus protocols and decreased demand were contributing factors. The cost of operating a casino during the health pandemic has driven up costs across the board. Capacity limits plus less foot traffic have cut into casino revenues. Combined, it is easy to see why the decline in operating profits was so high. Ocean Casino Resort was the only gaming venue to post an increase verse last year.
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