Meadowlands Casino Debated at East Coast Gaming Congress

Meadowlands Casino Debated at East Coast Gaming Congress

The Meadowlands Sports Complex has long drawn fans from New York, and some lawmakers hope a casino there could do the same. (Image: Wikimedia Commons)

Since New Jersey first legalized casino gambling in 1976, it is often recognized that casinos were only meant for Atlantic City in the Garden State. That made sense, at least at that time: the resort city had dropped out of favor with tourists, and gambling was seen as a solution to bring cash back into the neighborhood economy. But with increasing competition from Pennsylvania therefore the specter of New York casinos regarding the horizon, some in their state now want to build a casino in a location that could compete with venues directly in neighboring states.

The concept of placing a casino in the Meadowlands located just outside of the latest York City was floated week that is again last the East Coast Gaming Congress in Atlantic City, attracting support in addition to concern from those in attendance.

‚A casino in north Jersey, to be taxed at 50 or 60 %, we could do a billion dollars in that location,‘ said Assemblyman Ralph Caputo, a Democrat. ‚We’ve got become fighting for those customers. That’s just what Pennsylvania is doing. That’s what ny wants to do.‘

Beating New York to the marketplace

Caputo’s idea is get a casino built in the Meadowlands before one is made in ny City. While the state of New York has started the certification process for comm Weiterlesen

Court Rules Michigan Cannot Sue to Block Indian Casino

Court Rules Michigan Cannot Sue to Block Indian Casino

The Supreme Court has released a 5-4 ruling that prevents Michigan from suing to block an off-reservation casino. (Image: Wikimedia Commons)

The principles regulating casinos run by indigenous American tribal groups are varied and complex, counting on both federal laws and the compacts signed between states and the tribes that reside within them. This plays out in legal battles throughout the country, including the one that was just settled in the highest court associated with land.

The Supreme Court of the United States ruled this week that Michigan cannot sue a tribe to stop the opening and operation of A indian casino, as tribal sovereign immunity overrules the state’s legal challenges. The decision was a divisive one, as the justices were split 5-4 in favor of the Bay Mills Indian Community.

Off-Reservation Casino in mind of Case

The situation revolved around a casino that the Bay Mills tribe integrated 2010 about 90 miles south of its reservation, which is found on Michigan’s Upper Peninsula. The tribe had purchased land there with cash it received as an ingredient of funds aided by the federal government over allegations they gave up in 19th century treaties that they had not been properly compensated for land.

As the casino was built on off-reservation land, Michigan had argued that its procedure was in violation of their state compact and without permission from the state or federal governments.

However in Weiterlesen

Chinese Government Card Swipe Crackdown Hits Macau

Chinese Government Card Swipe Crackdown Hits Macau

Gambling funds obtained through illicit card-swiping in Macau are estimated to 12 per cent of mass market turnover. (Image: Brain)

The result of Asia’s imminent crackdown on the usage of hand-held card swipers is being felt in Macau, with the Wynn Macau witnessing its biggest market decline since October 2011.

Macau’s casino economy has soared throughout the final few years, so much so that it now eclipses nevada as the gambling money of the world, however the Chinese government’s unexpected enforcement of a ban on unlawful money transfers has investors worried; Wynn Resorts Ltd. fell recently to 8.5 percent during the close in Hong Kong trading, while MGM China Holdings Ltd. dropped 8.2 per cent for the same duration. The Galaxy Entertainment Group Ltd., meanwhile, fell 7.6 percent, while Sands China Ltd. dropped 4.6 %, and SJM Holdings Ltd., 6.6 %.

Visitors to Macau from the mainland are permitted to bring only 20,000 yuan ($3,200) into the gambling hub and might only withdraw 10,000 yuan per time, per card, from money machines. To swerve the limitations, tourists have the ability to purchase goods from local pawn shops making use of their debit cards and then trade them for regional money with the pawnbroker that is same.

Illegal Card-Swiping Amounts to $6 Billion

However, the use that is increasing of machines in gambling enterprises has maybe not only caused a slump in Macau’s pawnbroking indu Weiterlesen