Category Archives: Slots Of Vegas Casino

Chukchansi Gold Casino Closed After Tribal Power Struggle

Chukchansi Gold Casino Closed After Tribal Power Struggle

The Chukchansi Gold Resort & Casino in Coarsegold, California remains shut following a standoff that is armed may have violated its compact because of the state.

The Chukchansi Gold Casino in Coarsegold, California, just 40 miles north of Fresno, has been closed by purchase of a federal judge following a bizarre management power struggle that culminated in an armed invasion of the building.

A tribal faction that claims rightful ownership regarding the Indian casino had evidently been ousted to a local business park in August adhering to a disputed election, but returned on Thursday, with firearms drawn.

About 20 armed guys joined the casino at around 6:30 pm, sending customers running for cover, and ordered security guards at gunpoint into a safe part of the building. Guards were reportedly handcuffed and assaulted, but no casino clients were hurt.

The goal, it seems, were casino papers and accounts which are overdue for submission to the nationwide Indian Gaming Commission. The Commission had threatened to close the casino down and issue it a $16 million fine if the audits that is necessary accounts, some which are 1 . 5 years late, were not submitted. It appears to be, then, that the ousted faction violently stormed the casino to be able to do its accounts.

Standoff Filmed

Madera County Sheriff deputies soon reached the scene and evacuated the building of some 500 people; however, the men could not be arrested Continue reading Chukchansi Gold Casino Closed After Tribal Power Struggle

Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

Caesars is probable to pay a superb of between $12 million and $20 million for failing to implement anti-money that is proper measures at their flagship Las Vegas property.

Caesars Entertainment Corp. could be subjected to an incredible number of dollars in fines as the organization attempts to settle money laundering allegations it faces from the federal government. The gaming operator is currently in talks with US authorities over just how to settle the claims, which could result in a fine somewhere into the array of $12 million to $20 million.

Speaks, which happen conducted involving the Financial Crimes Enforcement Network (FinCEN) of the US Department regarding the Treasury, were of late held on April 29 and were revealed in the business’s latest Securities and Exchange Commission filing. A federal jury that is grand into the allegations can be ongoing.

‘The company and Caesars Palace happen fully cooperating with both the FinCEN and jury that is grand since October 2013,’ Caesars said in its filing.

Investigation Began in 2013

Back in 2013, FinCEN first informed Caesars that it was investigating the company for alleged violations regarding the Bank Secrecy Act, an anti-money laundering law. At the time, it had been unclear what, if any, penalties would emerge from the research.

FinCEN has long felt that casinos did a job that is poor of money laundering at their establishme Continue reading Caesars Entertainment Money Laundering Allegations Could Cost Operator Millions in Fines

North Carolina Sweepstakes Operators Backing Out to Steer Clear Of the Law

North Carolina Sweepstakes Operators Backing Out to Steer Clear Of the Law

North Carolina authorities were battling with sweepstakes operators within the state for years.

North Carolina may well not jump to many people’s minds when they think of contentious US gambling dilemmas. But the reality is, sweepstakes cafes have now been a major issue in numerous states, and nowhere gets the battle over these establishments been more prominent than in North Carolina for yesteryear eight years.

Now, the state seems to have won a major victory against what it says are illegal gambling companies, as six software providers have agreed to stop operating there.

That announcement originated in US Attorney Thomas Walker, who says it is the total result of a deal reached between his office and also the six businesses. Under that understanding, Walker won’t be prosecuting any of those businesses or the people that possess them, supplied they completely cease operations by July 1.

The six organizations combined operated in over 600 areas in vermont. They include White Sands Technology LLC, Sierra Software LLC, TNT Software LLC, Digital Reveal LLC, Figure 8 Technologies Inc., and HSV Entertainment LLC.

‘We wish this action will be a step that is big in ensuring conformity with vermont’s gambling laws,’ read a declaration from Walker. ‘Our office is ready to assist the state in enforcing scale that is large regarding the legislation.’

Fight Began in 2006

North Carolina authorities were f Continue reading North Carolina Sweepstakes Operators Backing Out to Steer Clear Of the Law

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn accuses brand New Jersey State Senate President Stephen Sweeney of attempting to sell out Atlantic City by supporting a north Jersey casino.

Business Carl that is mogul Icahn New Jersey State Senate President Stephen Sweeney exchanged harsh words last Friday, with each accusing the other of selling out some portion of Atlantic City for their particular gain. The war of words started after Sweeney participated in protests with union employees from the Trump Taj Mahal, protests of which Icahn proved to become a major target.

Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.

The organization claims that the casino will have to close on November 13 unless numerous concessions are granted to it, including the cutbacks in employee benefits and $25 million in help from their state, along side a tax assessment that is reduced.

Workers Blame Icahn

But Icahn proved to be a figure that is major the protests. The protesters demonstrated near the Tropicana, which will be owned by a group led by Icahn, and many see him as the real threat to the benefits and wages made available from their present positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by transforming the debt Continue reading Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future