Atlantic City’s Borgata Casino will redistribute competition winnings following a major chip-cheating scandal that rocked the Borgata Winter Poker Open in January. (Image: ac2lv.com)
The latest Jersey Division of Gaming Enforcement (DGE) has reached a quality regarding the Borgata Winter Poker Open chips that are counterfeit at last. The competition ended up being suspended on January 18th, and afterwards cancelled, after the revelation that the poker that is fake had been introduced.
The DGE certainly had their work cut out in reaching an equitable solution to an extremely sticky issue: whenever play had been stopped, there have been 27 players left of 4,824 initial entrants into the $500 + 60 NLH Big Stack event, which had a guaranteed award pool of $2 million. While the perpetrator of the scam, a one-time chip frontrunner named Christian Lusardi, actually busted on Day 2 for $6,814, it ended up beingn’t simply a matter of confiscating his ill-gotten winnings and paying the bubble kid.
Detectives had to determine which players among this field that is huge be thought to have been adversely affected by the cheating in order to find a good way to circulate a complete of $1,721,805 to people who deserved it. That includes $1,433,145 in prize money, along with $288,720 the Borgata collected in registration charges. This also meant wanting to quantify the intangible ‘ripple effect’ that Lusardi’s scam might have caused; a task that is almost impossible.
The DGE decided that 2143 entrants whom didn’t cash had been entitled for their money back (buy-in plus reg charge). These included all players who played on Day 1a from 10am, apart from those that began in the occasion Center and had been eliminated before 4:30pm, while the latter group could not have come right into experience of Lusardi. From 10am are also eligible, apart from those who played in the Signature Room and Poker Room since it was a reentry tournament, Lusardi was also playing on Day 1b, having busted Day 1a, and thus all players who played that day. Meanwhile, the $50,893 in prizes owed to players whom busted in the cash shall be paid as scheduled, while the remaining 27 players still ‘in’ will chop the rest for $19,323 each.
While this would seem to be the fairest solution offered the circumstances, the Borgata may nevertheless have headache to cope with. In February, a class-action lawsuit was filed by New Jersey attorney Bruce Li Causi with respect to one of many players, Jacob Mustere. The lawsuit claimed that players must be liable to damages in addition to refunds. During the time of writing, it isn’t known whether Causi’s client is satisfied with the settlement that is current.
Money Down the Can
Meanwhile, Lusardi continues to be in jail in brand New Jersey on $300,000 bond, waiting for trial. He was arrested after attempting to flush 2.7 million in fake tournament chips down the toilet of his hotel room at the nearby Harrah’s Resort. This resulted in the pipes becoming clogged, which caused water to drip down into the rooms of guests on to the floor below. He can be faced with running a large-scale DVD that is pirate from their North Carolina home that allegedly grossed over $1 million.
The Borgata has since introduced new high-tech poker potato chips that are more intricately designed, making them harder to counterfeit, and may be checked under ultraviolet light.
Everett May Purchase Land for Wynn Casino
Will the city of Everett buy this web site of the former Monsanto chemical plant for Wynn Everett? Mayor Carlo DeMaria hopes so. (Image: wcvb.com)
It would appear that every time an obstacle emerges for one of the proposed Massachusetts casino plans, someone or something measures up to offer a solution. Then when there have been questions regarding that would benefit from the sale of land Wynn Resorts would use to host their Everett casino, perhaps we should have expected a resolution to too present itself before long.
Eminent Domain Buy Considered
The city of Everett itself may ultimately acquire the property before selling it to Wynn, sidestepping the murky situation that currently surrounds the land sale in this case. The town would use their power of eminent domain to purchase the land in addition to seven other properties in the area for a price that is total of $41 million. The land required for the casino could be sold to then Wynn from the city.
According to Mayor Carlo DeMaria, this move would not be solely for the power of Steve Wynn and the casino that is potential he desires to build. Instead, this is a plan that has been in development before anyone considered gambling that is bringing the town.
‘This area, as you are well aware, is critical to your future success for the entire city and will serve being a gateway towards the entire region,’ DeMaria wrote in a letter to Everett city councilors week that is last. ‘My administration is committed to realizing the extraordinary potential of this area and the city being a whole.’
Controversy Over Secret Partners
Although the city may be willing to buy the land in an effort to produce it, that wasn’t the proposal that is original was banking on. They decided to buy the land for $35 million, presuming that the Massachusetts Gaming Commission was to approve their casino plan.
As we recently reported, the controversy within the land began after payment investigators unearthed that the current owners of the property FBT Everett Realty could be lying about the involvement of Charles Lightbody, one of these original partners. Lightbody, a convicted felon, claimed to own sold off his interest in the house sometime ago, despite having put up $1 million for the original $8 million purchase price in 2009.
Which could have already been resolved if the other owners had pledged that the property purchase wouldn’t benefit any unknown, key lovers. By Anthony Gattineri has refused to sign such a pledge, fueling speculation that Lightbody may have an interest. And considering that the payment has required the statements become signed in order to approve Wynn’s license, the sale has been put by it in concern.
A Public Purpose?
Issue of whether or not the town of Everett can get for this problem by using eminent domain could be tricky. The city can only take private land if doing so serves a public purpose under state law. Mayor DeMaria claims the land is good for redevelopment and that the city would spend tens of millions to upgrade the area after the purchase.
But maybe not everyone is convinced that anyone would develop the area if Wynn doesn’t obtain the casino permit. City Council president Michael Marchese states he looks at the proposition as nothing less than an opt to Wynn.
‘We haven’t possessed a developer here in over 20 years,’ Marchese said. ‘We just know exactly what we hear, and that which we hear we don’t trust.’
Illinois Rep Bob Rita OffersTwo Plans for Chicago Casino Expansion
Will Illinois legislators approve either of Rep. Bob Rita’s land gaming proposals? The jury’s still down. (Image: chicagotribune.com)
You can imagine how lucrative a casino that is massive in Chicago could be. It’s been a fantasy of many for years now, though never ever one which has come anywhere near fruition. Now, one lawmaker has put two proposals for such a casino before an Illinois House committee though the likelihood of either ultimately passing into legislation are slim at most useful.
Two Plans, One Man
Representative Bob Rita (D-Blue Island) has put together two versions of a plan that would bring casino gambling to Chicago. In the version that is first designed to appease as much interest groups as possible, five new gambling enterprises would be authorized. That would include a Chicago casino with up to 4,000 games, along side smaller casinos in Rockford, Danville, Lake County and another suburb towards the south of Chicago. It might 888 casino self exclusion additionally give racetracks the right to host a varying number of slot machines, up to 600 for locations in Cook County.
But that isn’t the plan that received the attention of the Illinois home. It’s an alternative Rita-backed plan one that would accept only a single casino with up to 10,000 games in Chicago that promised to cause plenty of heated arguments on both sides of the issue.
Chicago vs. Downstate Illinois
Rita is hoping that by talking to lawmakers, he is able to convince them that a massive Chicago casino will gain the whole state. Their plan would see half of all revenues from the proposed casino fund projects throughout the state.
‘It’s part of the means of moving this ahead,’ Rita said before the hearing. ‘ We now have never really had the full in-depth conversation or a hearing of a Chicago-only choice.’
The single-venue plan is popular with the Chicagoland Chamber of Commerce, which said during the hearing that they would like a casino in the main part of downtown Chicago. Governor Pat Quinn in addition has suggested that this form of the bill is more likely to earn his support than past bills which he has vetoed.
But politicians from the rest of the state are predictably suspicious of any plan that would expand gambling just in the city.
‘The purpose [of gambling expansion] would be to help communities that are economically distressed’ said state Representative Chad Hays (R-Catlin). ‘ I would personally suggest that downstate taking the leftover crumbs from Chicago is a laughable assertion that no downstater would bite on.’
A Term from the Mayor
Danville Mayor Scott Eisenhauer also weighed in against A chicago-only plan.
‘The opportunity to add downstate job creation and revenue growth far outweighs the advantages of A chicago-only license,’ said Eisenhauer, who also planned to wait the hearings.
Representatives from social groups spoke at the hearings to say that they were worried about the impact a massive casino would have regarding the state. Meanwhile, other casinos worried that a large location in Chicago would harm their businesses. And the horse industry that is racing both the single-casino and broader expansion plans, as they want even more slots available at their tracks.
With so opposition that is much across the state, many lawmakers believe only a broader gambling bill has any potential for success.