U.S. Virgin Islands Can Offer Online Gambling

U.S. Virgin Islands Can Offer Online Gambling

The U.S. Virgin Islands may soon have the ability to offer online gaming, but many caveats abound. (Image supply: Travel.usnews.com)

Many Americans understand the U.S. Virgin Islands for summer and beautiful beaches that they are able to visit without needing to get yourself a passport. But because of a ruling that is recent the islands’ Attorney General, this vacation spot may soon become just as well-known as a home for on line gambling.

Attorney General Weighs In

V.I. Attorney General Vincent Frazer issued a viewpoint to many other Virgin isles officials, stating that the 2001 V.I. law that allowed for Web gambling companies to operate in the country wouldn’t normally clash with any laws that are federal the usa, and thus the law could finally be utilized to permit the territory to host Internet gambling companies. So far, the territory had held off on actually permitting any online gaming to go ahead, because of warnings issued from the federal government.

However, as is generally the case in these situations, things aren’t quite that clear cut. The law just enables two companies to operate as ‘master service providers’ in the territory, shutting out any other operators that are potential. And one or more of those companies states that they’ve lost a majority of their investors in the 12 years considering that the legislation has passed away, due to the uncertainty around if they’d ever be in a position to provide online video gaming to players.

Major Economic Impact

If the two companies were allowed to go forward with offering online gaming globally now, it may have huge impact in the territory. According to Nick Pourzal of USVI Host one of this two companies that can offer Internet gaming beneath the law that is current estimates that the maximum amount of as $30 million could go into the territory’s General Fund if both businesses were operating at full capacity.

Frazer’s opinion wasn’t totally good, however. Over six pages, the Attorney General gave many cautionary records, such as the fact that the Justice Department has changed its mind several times on exactly what states had been permitted to do, and that legislation at the federal level could still change the overall game, since happened when Congress passed the Unlawful online Gambling and Enforcement Act (UIGEA) in 2006.

‘I opine that the Virgin Islands online Gaming and Gambling Act is legal on its face,’ Frazer had written. ‘ However, caution should be the rule because the pitfalls have been in the implementation of the law.’

Frazer also showed concern over just how far his opinion ought to be taken, and how much would be allowed under federal law.

‘There is concern whether the employment of the V.I.’s online gaming and gambling platform can be utilized by persons outside associated with Virgin Islands and not run afoul of the federal law.’

Still, the Casino Control Commission of this Virgin Islands has hailed the opinion being a significant action towards turning the territory into an online gaming hub. According to the Commission’s Acting Chairwoman, Violet Ann Golden, the Virgin isles is already focusing on agreements with states such as New Jersey that have approved on line gambling, both to make strategic partnerships and to greatly help regulate off-island play on their sites.

The Virgin isles Legislature might have something to say about how Internet gambling works in the territory as well. Senators such as Nereida Rivera-O’Reilly want to amend the 2001 act in order to allow more companies to have the possiblity to compete for licenses. According to Rivera-O’Reilly, a lot of the principals in the two companies designated as master service providers were government insiders the law’s passage, and she plans to introduce an amendment to start the licensing process up to competitive bidding.

‘We must learn from our errors and also make certain we do this correctly, so that nobody can here come in and attempt to stop us,’ Rivera-O’Reilly said.

Ny Gambling Legislation to Expand Casinos Gets Voter Thumbs Up

Voters in brand New York State have approved gambling legislation that will allow for major casino expansion (Image source: NYDailyNews)

What a week this has been for the land casino company back east, both negative and positive.

On Tuesday, voters in brand New York easily authorized a constitutional amendment that will greatly expand the brick-and-mortar casino industry in hawaii. Ny’s gambling legislation, which was to accept as much as seven Las Vegas-style gambling enterprises into the state, passed with approximately 57 percent of voters approving. It was in stark contrast to a wonderful defeat for new casinos in the Boston and Palmer areas of Massachusetts in the same day.

Cuomo’s Fight Pays Off

The vote was the culmination of a multi-year plan by Governor Andrew Cuomo, whom had navigated the complex web of gambling legislation interests in the state of the latest York to come up with a proposal that could be widely acceptable to most of the major players here. That included provisions that will leave protected areas for existing Native American gambling enterprises within the state in which personal companies will never be able to build.

But as well as the five Indian casinos and nine slot parlors (located at race tracks) currently in New York, there will now be a wide range of additional casinos that will privately be developed in various regions of the location. At the start, only four brand new casinos are going to be allowed a compromise that the State Legislature insisted on when they authorized the plan in each one of the last two legislative sessions. Those four casinos will be based in various upstate regions: around Albany, into the Hudson Valley or the Catskills, and in the so-called Southern Tier that borders northern Pennsylvania.

Eventually, though, that could change. A casino could come to New York City itself in about seven years, along with possibly up to two more into the suburbs near the town around that same time.

The casino vote certainly saw some divisions within the state, though not on traditional political lines. Even though many New Yorkers saw the casino in order to boost neighborhood economies and retain gambling cash that state residents may now be taking to Connecticut, Pennsylvania and Atlantic City, there had been also a range that is wide of whom opposed the gambling legislation.

Perhaps Not Without a Fight

Conservative teams, including some Roman Catholic bishops and other spiritual leaders, warned that the income estimates provided by the government were likely inflated and that the social ills that would arrive with expanded gambling would outweigh the benefits that are economic. Meanwhile, progressive teams joined in the opposition, stating that the casinos would do the most damage to disadvantaged groups.

As the election neared, opponents dedicated to the language getting used in the ballot idea. Rather than utilizing language that is neutral the ballot concern referenced possible positive outcomes of casino expansion, such as added jobs and increased taxation income that could be used for schools. Casino opponents sued to own the language changed, while polling revealed that support for the measure increased significantly once the more language that is positive included. Finally, the lawsuit was unsuccessful, as well as the question reached the ballot with the more favorable language.

Additionally, placating Native American tribal groups assisted keep money that is much flowing to the anti-casino movement, while help for the amendment was well-funded by the gaming industry. This helped prevent much in the way of organized opposition, with a lot more money and therefore, more television ads coming down on the medial side of casino supporters.

This new York State Gaming Commission will now appoint a panel which will award licenses to developers who need to build in the Empire State. Of the upstate venues, the Catskills has attracted the attention that is most, as the region already possesses reputation as a resort destination.

If that occurs, that knows; possibly Borscht Belt comedy will even get back to your long-gone showrooms of yesteryear there.

Ryan Riess Triumphs at 2013 WSOP Main Event

World number of Poker (WSOP) Main Event winner Ryan Riess showcases their bounty after his $8.3 million takedown associated with the event. (Image source: Associated Press)

The first WSOP winner to be born in the 1990s triumphed in the 2013 showpiece, bagging almost $8.3 million in the process if anyone thought that the old-guard had made a comeback in WSOP Main Events, their opinions were well and truly readjusted after 23-year-old Ryan Riess.

The November Nine was shaping up to be a story of the experienced pros versus the plucky amateurs and despite 2001 winner Carlos Mortensen falling in 10th place agonizingly short of the final table, the last group contained modern legends like JC Tran and online phenom, David ‘Raptor’ Benefield after a break of a several months.

However, Tran’s chip advantage going in to the final table didn’t pay off, and after a blow-up of massive proportions against Jay Farber who’d been working as a bouncer and VIP host up until the WSOP he was gone in 5th.

With the ‘senior’ pro Amir Lehavot gone also, it had been down seriously to the Michigan State University graduate, Ryan Riess and Farber, to decide who does raise the silver bracelet and case themselves place in the annals publications.

A Close Battle

Farber entered heads-up with the chip that is short, 105 million to Riess’s 85 million, however it was the more experienced college guy who made his skill tell.

The breakthrough came after 30 hands almost double the amount of last year’s heads-up duel.

Sitting on the button, Farber raised to 2 million, Riess pumped it up to 5 million, and Farber possessed a re-pop to 8.8 million. Riess made the phone call, and Riess examined the 8d 4s 3c flop. Farber bet 6.7 million, and Riess made the decision to just take the players towards the turn.

The 2h saw Riess make another check, Farber made a bet of 13.6 million, and Riess called to create a pot of 58.5 million. With the river 7s Riess examined once more, and Farber checked. Riess’s Jc Jh was good enough.

Into The true Home Straight

With Ryan Riess taking a 130 million 60 million lead, it was his game to lose, and despite a brief fightback by Farber, Riess ended up being never ever going to let his lead disappear.

Sitting on 15bb, Farber did create a comeback that is brief doubling up whenever going all-in on a Kc 5h Qs flop. Riess flipped over Ks 10h for top-pair, with Farber’s Jc 10s in need of a nine or ace to make the right. The 9h duly arrived regarding the turn to give Farber the double-through, and send their legion of fans into apoplexy.

Short-Lived Hope For Farber

Despite a brief respite, and being just two cards far from elimination, Farber couldn’t build on his momentum, and two key arms saw the end of his title challenge.

With a flop of Ad Qd Kc, both players checked, but when the turn fell 5s, Farber led out for 4 million. Riess made the phone call, and also the Kh came regarding the river. Both players checked, Farber revealed pocket nines, and Riess showed Ac 6d for top-pair, the hand, and another step en route towards the title.

Final Hand

Hand 261, and Farber, crippled, moved all-in with Qs 5s. He was in need of all the luck and divine inspiration worldwide as he saw Riess flip over Ah Kh.

A flop of Jd 10d 4c changed little, but a five would still be good for Farber.

The turn of the 3c gave Farber just one more card to save his tournament life. The Beast’ rang out around the Rio Hotel’s Penn and Teller Theater as the crowd rose, the dealer peeled off the 4d on the river, and Riess was swamped by his friends and family, as chants of ‘ Riess.

The Green And White

For Riess, the $8,361,570 first prize was his. Just a couple years ago, Riess was Business that is studying at State University, however a relocate huuuge log in to Las Vegas followed, and his poker journey began. Multiple cashes in the WSOP Circuit came, and his best cash before here runner-up in the WSOP-C Horseshoe Main Event was all Riess had to show for his poker experience.