A rendering of one portion of the proposed Resorts World Miami Genting myfreepokies.com casino resort project; the $3 billion project nevertheless hasn’t received a sign that is high Florida lawmakers.
They do say money speaks, but in Genting Resorts World’s case, it’s perhaps not been speaking as loudly as the ongoing company might like.
Maine Gambling Enterprises Oppose Expanded Gambling in State
Most people think about Maine like this, but a small casino contingent is attempting to hold their own there since well. (Image: Katarina Neef/atpm.com)
We might not agree with them, but we understand there are plenty of reasons that people may oppose more gambling in their state, from moral objections to worries about problem gambling. However in Maine, gambling is finding an unusual opponent: the casinos by themselves.
Read Our Lips: No New Casinos
Officials from the two Maine casinos presently in procedure talked to lawmakers this and said that they shouldn’t approve any expansion of the casino industry in the state week. In cases like this, it seems that the casinos think that the market in the state is completely saturated already while others believe they’re simply afraid of a competition that is little.
The two properties under consideration the Hollywood and Oxford Casinos faced off while watching Joint Standing Committee on Veterans and Legal Affairs against members of two native tribes that are american the state, plus the owner of the Scarborough Downs race track, over a number of bills that would serve to expand Maine’s gambling options.
The absolute most controversial of these is recognized as LD 1111. It could enable Scarborough Downs to become a ‘racino,’ operating slot machines along with their horse that is current racing. That problem had been brought to referendum last year, whenever it received only 45 % of the vote statewide.
According to track owner Sharon Terry, Scarborough Downs is struggling as a result of competition it faces from the casinos in the state particularly Oxford Casino, which can be simply 45 minutes away and opened in 2012 june. Even though Hollywood Casino may away be further, it has a companion racino, allowing it to offer everything Scarborough Downs can and more.
Terry says that revenues fell 21.8 % at her track since slots were allowed during the Bangor race track, and that the situation is getting worse considering that the opening of the Oxford Casino. The cut in revenue not only threatens the track, but also Maine’s entire horse racing industry since Scarborough Downs is responsible for 101 days of racing each year.
‘The Downs cannot survive under the laws that are current’ Terry said.
Nonetheless, the general managers of both gambling enterprises along with several companies within the Oxford area disagreed, opposing slots that are allowing the Scarborough Downs facility. In basic, the gambling enterprises feel that any gambling that is new the state threatens to ‘cannibalize the industry,’ as Maine is a relatively small state without enough gamblers to help more venues.
That helps explain why they also opposed three other bills being considered by hawaii. Those incorporate a bill that would allow charities to run up to five slots at their headquarters in order to raise funds, in addition to two bills that would allow Indian tribes to grow their gambling operations: one that would let the Houlton Band of Maliseets to operate slots and table games, and another that will let the Passamaquoddy Tribe apply to run table games and slots at a existing bingo facility.
‘Should further facilities available or expand, we would see further erosion of our customer base,’ said John Osborne, general manager of the Hollywood Casino.
Big Banks Refuse to Process Legal Online Gambling Transactions
Major credit card issuers like Chase, Wells Fargo and American Express will not process even legal on the web gambling transactions, they say. (Image: Jason Hindley/money.cnn.com)
Every thing seemed so hunky dory: Nevada, Delaware and brand New Jersey all got legal online gambling or at least poker, in Nevada’s case up and running in 2013, and with the exception of a few problems with geo-location snafus, overall, the web sites in all three states have been running pretty smoothly. Except for one bug that is fairly major has nothing at all to do with the sites on their own: major economic organizations like American Express, Wells Fargo and J.P. Morgan Chase are refusing to process any cash interactions on these sites, legal or not.
Your Transaction Was Denied
Whether credit or debit, several heavy-hitter credit card providers say they aren’t gambling when it comes to honoring their cards on Web gaming web sites. And clearly, that’s not sitting well with many players whom say, what gives? But the banks included say they will not budge, not for online casinos, poker or also legal activities betting in Nevada.
‘We never let credit card transactions for this activity,’ said Steve O’Halloran, manager of public relations and public affairs for Chase Card and Merchant Services. And American Express spokeswoman Sanette Chao concurs, saying her company simply ‘prohibits the use of the card for gambling services.’
While some may conclude that this will be some type of moral imperative, it ends up that it’s more of a simple bottom-line business decision than anything else.
‘Gambling services, historically, account for a lot of card member credit losses and customer service disputes,’ noted Chao.
UIGEA Still Directs Banks’ Positions
And some banking institutions do still hold onto the old UIGEA model (Unlawful Internet Gambling Enforcement Act of 2006), because, all things considered, from the federal standpoint, it is still murky exactly how it is to be interpreted after having a 2012 reinterpretation of the first 1961 Wire Act had been handed down from the Supreme Court that opened the entranceway to at minimum state-by-state lawful online gambling.
Wells Fargo spokeswoman Natalie Brown states this will be the reasoning behind her company’s decision to decline gambling deposits.
‘In compliance with regulation GG (Unlawful Internet Gambling Enforcement Act of 2006), we prohibit making use of consumer credit cards for Web gambling,’ said Brown, who is vice president of customer lending communications with Wells Fargo. ‘The companies (Visa, MasterCard and American Express) monitor the merchant category codes and block costs that do not adhere to federal regulations.’
While this may earn some feeling from their views, it could prove a annoying reality for online players in appropriate gambling states.
‘What the industry has done is take a conservative approach or a reaction to the legalization of online gambling,’ said Tobin Prior, CEO of Ultimate Gaming, which is really a subsidiary of Station Casinos, a land-gaming proprietor in Nevada and the first ever to go online with legal poker in the Silver State. ‘That can be frustrating, but we work with customers to find options.’
Certainly one of the advantages of this brick-and-mortar/Internet symbiosis is that clients can both fund and cash down at any of these land video gaming properties, in either Southern Nevada or at Station’s land gaming partner the Taj Mahal in Atlantic City. Players can also use e-checks or cable transfers to prior make deposits noted.
While legal websites on the internet might wish that banks had been more in their court right now, Caesars WSOP site’s spokesperson Seth Palansky claims it really is what it really is.