Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

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Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

New England Patriots owner Robert Kraft could be the target of the new investigation published to sports news siteDeadspinthat claims the billionaire is in violation associated with National Football League’s (NFL) ownership policies due to his investment in a hedge fund.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for holding interests in Caesars.

Kraft, worth an approximated $5.1 billion according toForbes, has a stake that is smallby his standards) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly traded business, presently valued at around $7 million.

Since Apollo presently retains a 30 percent stake in Caesars Entertainment, as well as jobs in British betting house Ladbrokes and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch says Kraft is in violation associated with the NFL’s gambling policy. The League strictly prohibits owners from directly casinos that are owning gaming businesses.

Regarding the Apollo web site, the hedge fund says Kraft has been a director of its business since 2014. The billionaire is listed alongside nine other directors and executive officers.

‘Holding that position would seem to be a violation that is clear of NFL’s gambling policy. While the policy allows for owners to have minor investments in equity firms like Apollo that invest in casinos, serving as an officer or director of a ‘publicly traded enterprise’ with income from ‘gambling-related operations’ is specifically banned,’ Hubbuch describes in his expose.

Kraft is also an investor in DraftKings, a daily dream sports network. The debate on whether DFS constitutes gambling or skill-based competition is ongoing.

Fumbled Investigation

Critics of theDeadspinreport cite the hedge fund’s managed assets, which total $200 billion, and its fairly stake that is small gaming companies, as reason to dismiss Hubbuch’s conclusion that Kraft is a casino man running an NFL team. The League itself might not be too anxious to punish Kraft for having $7 million of his $5.1 billion fortune with a fund that owns part of a gaming and entertainment conglomerate.

Hubbuch is using a good amount of temperature online from readers, saying their Kraft article is nothing more than a hit piece. It’s definitely not the time that is first’s had to ward off experts.

A formerNew York Postsports writer, Hubbuch was fired last November after he compared on Twitter the inauguration of President Donald Trump to 9/11 and also the assault on Pearl Harbor. He had previously caused debate in the social media outlet when he accused the Patriots organization to be racist for never having a game in franchise history.

Kraft and Trump

Hubbach is no fan of Trump or Kraft, but the two billionaires share quite a fondness for one another. Kraft has checked out Mar-a-Lago since Trump’s November success, and the Patriots company was honored at the White House last week, as is customary for presidents to welcome the Super Bowl champs.

TheNew York Timesalso alleges that Trump counsels with Kraft on a somewhat daily basis, although the media socket provides no concrete evidence of this assertion. The news site lists Kraft, along with 19 other people, as being in regular contact aided by the president, based on what it claims are interviews with ‘top aides and advisers’ in the White House.

Along with Kraft, billionaire casino owners Phil Ruffin and Carl Icahn are named in theTimesreport.

Elton John Cancels Caesars Palace Run Due to ‘Potentially Deadly’ Disease

Elton John has canceled all performances of his ‘Million Dollar Piano’ shows at the Coliseum in Caesars Palace, vegas, for the next two months after succumbing to a potentially life-threatening ‘harmful and uncommon infection.’

Elton John executes on his Million Dollar Piano at Caesars Palace, Las Vegas, although those hoping to get him there over the following two months will be disappointed. (

The star that is 70-year-old the unnamed disease during a tour of South usa, becoming ‘violently ill’ on a flight from Santiago, Chile, to his home within the UK.

On arrival, he was admitted to medical center where he spent two nights in intensive care, according to their publicist, Rogers and Cowan. He was released from hospital on and is now ‘comfortably resting at home per medical practitioner’s advice. saturday’

Tonight someone Saved My Life

‘Infections of this nature are unusual and possibly deadly,’ read a statement from Rogers and Cowan. ‘Thankfully, Elton’s medical team identified this quickly and managed it successfully. He is expected to create a full and complete recovery.’

The lion’s share of that comes from hotel rooms, drinks and food, rather than ticket sales for shows, so it’s difficult to quantify the financial hit Caesars might take from the cancellation of its star attraction while Las Vegas casinos now derive way over half of their revenues from their non-gaming amenities.

It shall certainly lose revenue from dozens of Elton fans that would have bought meals and drinks and paid for hotel rooms, but possibly less than Elton himself.

The singer is raking in around $500,000 per show, according to entertainment news site TMZ, and gets 88 percent of the hinged door receipts, which TMZ assures us is more than Britney gets.

Meaning Elton’s secret illness will probably cost him around $4 million through the cancellation of eight Vegas shows.

I’m Still Standing

Elton has been performing the Million Dollar Piano at Caesars since 2011 on a piano that is definitely respected at $1 million. The piano in question was designed by the singer and Yamaha Entertainment and is referred to as a 3,200-pound ‘engineering marvel’ featuring more than 68 LED movie screens, which display imagery to complement all the show’s tracks.

‘I have always been therefore lucky to really have the most incredible and fans that are loyal apologise for disappointing them. We am extremely grateful towards the medical team for their excellence in searching after me so well,’ John said in a statement on Tuesday.

Those with seats towards the canceled programs will be refunded, and meanwhile the singer is expected to make a full recovery and is going to be back on stage at London’s Twickenham Stadium on June 3.

Irish Crooks Launder Money Through Bookmakers in Absence of Regulator

The Republic of Ireland’s lack of a bona fide gambling regulator is criminals that are allowing launder and hide funds through bookmakers.

Niall Collins, TD for Limerick county, says that Ireland’s lack of a gambling regulator had been a serious omission from the country’s legislative statute plus it was allowing crooks to maneuver cash. (Image:

This is the verdict of Fianna Fail politician Niall Collins, TD for Limerick county, who declared this week that money-laundering had become a ‘serious problem’ in Ireland and that the absence of a body that is regulatory a ‘glaring omission’ through the country’s legislative statute.

‘[It is a problem] not only because of loss in income to the State but there clearly was an issue that is huge money laundering and criminality, using the proceeds of crime being laundered through unregulated bookmakers,’ said Collins.

Betting companies are required to have a permit from the income Commissioners to be able become in a position to operate in Ireland, but there is certainly no body that is regulatory offer the usual checks and balances and ensure consumer protections.

Bookmakers themselves have to lodge activity that is suspicious where they see fit in accordance with EU anti-money laundering directives, but a not enough strict government oversight renders the present system insufficient.

Gambling Bill Gone Missing

Ireland has been hoping to establish a regulatory body since 2013 whenever former Justice Minister Alan Shatter introduced the Gambling Control Act.

The legislation aimed, among other things, to update the existing Betting Act 1931, the Gaming and Lotteries Act 1956 and sections associated with Finance Act 1992 to more efficiently encompass gambling that is online.

It would also sought to establish the workplace of Gambling Control Ireland, a body regulating all betting activity in Ireland. But almost four years later, the legislation is nevertheless doing the rounds in the Oireachtas (Irish parliament).

‘ I would be calling on the government to dust the bill down that was introduced and get it back in the legislative agenda,’ said Collins. ‘It would need to be improved with the changes to technology but you can deal with those issues after you establish the statutory body.’

Organized Crime Cleans Up

Based on the Irish Mirror, thee happen several recent incidents of authorities finding evidence of criminals money that is moving bookmakers.

A raid on an associate of the notorious Kinahan gang this past year uncovered a wagering slip worth €29,340. The Kinihans have actually been proven to launder money by gambling on fixed horse events.

This week it absolutely was reported that whoever was behind the murder of Baiba Saulite, A latvian mother of two, may have covered a hit in betting slips worth €62,000. Saulite ended up being gunned down outside her home in 2006.

Nevada Design Professionals Discuss Changing Las Vegas Landscape at UNLV

An organization of nevada design professionals met at UNLV within the to discuss ‘Emotional Architecture and Hospitality Design,’ with the goal of sharing perspectives on how resorts are evolving in Sin City weekend.

The Strip has lost some of its risqué image over the full years and only retail stores and drugstores, and Las Vegas design leaders say more modification is coming soon. A unlv that is recent weekend (seen here) brought the professionals together. (Image:

Las Vegas has certainly been put through makeovers that are numerous it was incorporated in 1911. And dating back to the arrival of gambling enterprises in the Mojave Desert, and also the resort concept on the Strip, the entire world’s gambling epicenter is rolling out to continually meet visitor demands.

Five panelists attended the UNLV discussion, an event that had been held in conjunction with Building Las Vegas, an university initiative that seeks to preserve the region’s development history. The experts shared insights on how the town got to where it’s today, and viewpoints on its future.

‘There is one thing special about Las Vegas, and what we’re seeing is a morphing away from pure gambling to other experiences,’ said John Acres, as reported by theLas Vegas Sun. Acres’ technology company helped invent player casino and tracking rewards systems.

‘As a person who built a career in gambling, i am sad about this. But it is also exciting,’ he stated.

New Game in Town

Along with Acres, developers Leonard Bergman and Ethan Nelson, landscape architect Don Brinkerhoff, and Wynn Resorts Creative Director Alex Woogmaster expressed their visions for the future of Las Vegas. All shared the common theme that the city is in the midst of renovating its next eyesight, having a blueprint that relies less on gambling.

The panel opined that the change from video gaming will have a visible impact on how brand new resorts are designed.

‘we are appropriate in middle of it,’ Nelson explained. ‘ I do not think we realize the solution at this time with existing properties, but the modification we’ll see in just about any properties that are new be profound.’

It won’t be long until the slot-friendly older generations slowly begin to disappear from casino floors. For resorts in Sin City, the challenge is obtaining the millennial, those created between the early 1980s and 2000s, of their casinos.

Millennials happen less keen on traditional games of chance like slots. Instead, they seem to favor more gaming that is skill-based, and casinos are using notice.

‘The majority if people to Vegas are under age 50, while almost all of these who perform slot machines are over 50,’ Gamblit Gaming CEO Eric Meyerhofer toldThe New York Timeslast fall. Caesars debuted Gambit’s interactive social video gaming tables at Planet Hollywood Las Vegas in March of in 2010.

Repealing Bad Boy Image

Vegas likely wouldn’t be what it is today minus the Mafia. The Mob helped build lots of the Strip’s earliest properties, and also the gambling floors became a play ground for a few of America’s most notorious mobsters.

Sin City would later continue to become a haven for A-list Hollywood movie stars and music crooners, where stars like the Rat Pack and Elvis let down their guards. However, within the last several years, Las Vegas became more attractive towards the traveler that is casual tourist.

Besides the glitz of the gambling enterprises, the Strip today is littered with businesses catering to every need and mundane errand. Drug stores and pharmacies, coffee stores, and family attractions like the M&M Store now occupy valuable street front real estate along Las Vegas Boulevard.

‘ We like talking about the grand and glorious, but there’s a complete much more to Las Vegas than that,’ Bergman concluded.

Man Gets Flushed with $1 Million at Flamingo Las Vegas

15th is usually a taxing day for most Americans, but a man made the IRS filing deadline day a lot more enjoyable april.

A San Diego man won $1 million during the Flamingo vegas on April 15, hitting a diamond six-card flush that is royal at the Crazy 4 Poker table. (Image: Flamingo)

The north park resident had been on a break in Las Vegas and had been playing Crazy 4 Poker at the Flamingo when he won $1 million competing in the specialty dining table game.

It took Veera Devabhaktineni less than a full hour to win the jackpot. He hit a diamond six-card flush that is royal be an instantaneous millionaire. This isn’t the very first time he had played, nevertheless the first time he had ever won this kind of prize that is big.

Popular Among Gamblers

The game is really a variation of Three Card Poker and was invented by Roger Snow, executive vice president at Shuffle Master, on January 28, 2002. He is responsible for other people, such as Ultimate Texas Hold’em, Five Card Omaha and Dragon Bonus.

Ironically, Snow was not sure the overall game would succeed and created another game, Four Card Poker, just in case the other flopped.

It ended up being fairly successful and you will find now around 100 Crazy 4 Poker tables in the United States. Forty of them come in Nevada and most Strip and downtown casinos have one on their gaming floor.

Rules of Game

Five cards are dealt towards the player and five to your dealer and participants can decide when they wish to play or fold their hand and lose their bet.

Players use four of their cards to really make the hand that is best and compete keenly against the dealer’s best four cards. If your player wants to keep and they defeat the homely house, they truly are compensated out appropriately: pair even cash, flush 3-1, straight6-1, three of kind 30-1, straight flush 40-1 and four of the kind 50-1.

Exactly How Devabhaktineni got his huge payout was combining his cards because of the dealer’s cards to make a six-handed royal flush, 9 to the ace.

Philippines Online Gaming Operators No Longer Welcomed Inside State-Sponsored Economic Zones

Philippines online gambling companies that are occupying an incredible number of square legs of office space in the united states’s state-sponsored financial zones will no longer be welcomed.

While President Rodrigo Duterte might have lessened his resistance to casinos, Philippines online gaming operators will no longer be permitted to rent offices in the nation’s specially designated economic activity zones. (Image: GMA Network)

This week, Philippine Economic Zone Authority (PEZA) Director General Charito Plaza issued an advisory to building owners that they should not accept leases that are new iGaming operators, and must not renew rental contracts with current tenants involved with the business of online gaming.

‘After meeting with the PEZA board together with Business Process Outsourcing Association, we reached a consensus that individuals will not permit them because gambling is not a mandate of PEZA,’ Plaza declared. ‘I will be sending them (building owners) advisories. They ought to stop leasing.’

PEZA is really a federal government agency created to help promote investment that is economic the Philippines. There are many more than 300 economic zones spread throughout the country, that feature special incentives for developers and their subsequent tenants.

Eviction Notices

As well as overseeing the economic areas, PEZA additionally owns buildings, primarily within the Manila metro.

Plaza says there are over 100 current online gambling operators leasing PEZA workspaces. And despite all of the tenants holding iGaming licenses issued by the Philippines Amusement and Gaming Corporation (PAGCOR), the state-run gaming regulator, Plaza says they’re no longer welcomed in the economic zones or PEZA facilities.

Plaza is not recommending tenants be forced away immediately, but when their leases expire.

PEZA’s notice is likely responding to last December’s investigation into Jack Lam’s Fontana Hot Spring Leisure Parks & Casino in the Clark Freeport Zone. The special economic area is housed for a former United States Air Force base that was used during the Vietnam War.

The Chinese gaming tycoon was accused by Filipino authorities of trying to bribe PAGCOR officials in exchange for them searching the other way when it came to his online video gaming operations. It is alleged that Lam had 1,300 Chinese workers at the Fontana resort operating an unlicensed network that is iGaming.

Another scandal that rocked the Philippines gaming industry had been the money that is international scheme that swindled $81 million out from the Bangladesh federal government’s account at the US Federal Reserve in Manhattan. The cyber heist moved some of this ill-gotten funds through two gambling enterprises within the Philippines.

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