Atlantic City’s Borgata Casino will redistribute tournament winnings following a major chip-cheating scandal that rocked the Borgata Winter Poker Open in January. (Image: ac2lv.com)
The New Jersey Division of Gaming Enforcement (DGE) has reached a resolution regarding the Borgata Winter Poker Open counterfeit chips fiasco at last. The tournament was suspended on January eighteenth, and later cancelled, following 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: when play had been stopped, there were 27 players left of 4,824 initial entrants in the $500 + 60 NLH Big Stack event, which had a guaranteed award pool of $2 million. While the perpetrator associated with 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 boy.
Detectives had to determine which players among this huge field could be thought to have been adversely affected by the cheating and discover a reasonable way to circulate a complete of $1,721,805 to those who deserved it. That includes $1,433,145 in prize money, in addition to $288,720 the Borgata collected in registration costs. This also meant attempting to quantify the intangible ‘ripple effect’ that Lusardi’s scam may have caused; a task that is almost impossible.
The DGE decided that 2143 entrants whom failed to money had been entitled for their money back (buy-in plus reg fee). These included all players who played on Day 1a from 10am, apart from those who started in the Event Center and had been eliminated before 4:30pm, since the latter group could not have come right into experience of Lusardi. 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 from 10am will also be eligible, aside from those who played in the Signature Room and Poker Room. Meanwhile, the $50,893 in awards owed to players who busted in the cash will be paid as scheduled, while the rest of the 27 players still ‘in’ will chop the remainder for $19,323 each.
While this would appear to be the fairest solution given the circumstances, the Borgata may still have a headache to deal with. In February, a lawsuit that is class-action filed by brand New Jersey attorney Bruce Li Causi on behalf of one of many players, Jacob Mustere. The lawsuit claimed that players is liable to damages along with refunds. At the time of writing, it isn’t known whether Causi’s client is satisfied with the current settlement.
Money Down the Can
Meanwhile, Lusardi continues to be in jail in New Jersey on $300,000 bond, waiting for trial. He was arrested after attempting to flush 2.7 million in fake tournament potato chips down the toilet of his accommodation at the nearby Harrah’s Resort. This resulted in the pipes becoming clogged, which caused water to drip on to the rooms of guests on the ground below. He can also 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 chips that are more intricately designed, making them harder to counterfeit, and can be examined under ultraviolet light.
Everett May Purchase Land for Wynn Casino
Will the city of Everett buy this web site of the Monsanto that is former chemical for Wynn Everett? Mayor Carlo DeMaria hopes so. (Image: wcvb.com)
It seems that every time an obstacle emerges for starters of the proposed Massachusetts casino plans, someone or something measures up to provide a solution. So when there were questions regarding who would take advantage of the sale of land Wynn Resorts would use to host their Everett casino, maybe we should have expected a resolution to too present itself before long.
Eminent Domain Purchase 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 along with seven other properties in the area for a price that is total of $41 million. The land necessary for the casino could then be sold to 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 really wants to build. Instead, this is a plan which was in development before anyone considered bringing gambling to the city.
‘This area, as you are well aware, is critical to the future success of the entire city and can serve as being a gateway to the entire region,’ DeMaria published 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
Whilst the city may be willing to buy the land in an effort to develop it, that wasn’t the proposal that is original had been banking on. They had planned to choose the land for $35 million, presuming that the Massachusetts Gaming Commission was to approve their casino plan.
As we recently reported, the controversy over the land began after payment investigators discovered that the present owners of the property FBT Everett Realty may be lying about the involvement of Charles Lightbody, one of the partners that are original. Lightbody, a convicted felon, claimed to possess sold off his interest in the house long ago, despite having put up $1 million associated with original $8 million purchase price during 2009.
That could happen resolved if the other owners had pledged that the property sale wouldn’t benefit any unknown, key partners. By Anthony Gattineri has refused to sign such a pledge, fueling speculation that Lightbody might have a pursuit. And since the payment has required the statements become signed in order to approve Wynn’s license, the sale has been put by it in question.
A Public Purpose?
The question of whether or not the town casinopokies777.com of Everett will get for this problem through the use of 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 perfect for redevelopment and that the city would invest tens of millions to upgrade the region after the purchase.
But maybe not most people are convinced that anyone would develop the certain area if Wynn doesn’t have the casino license. City Council president Michael Marchese states he appears at the proposal as nothing less than a favor to Wynn.
‘We haven’t possessed a developer here in over 20 years,’ Marchese said. ‘We only know just what we hear, and what 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 out. (Image: chicagotribune.com)
It’s not hard to imagine how lucrative a massive casino put in Chicago could be. It’s been a dream of numerous for decades now, though never ever one which includes come anywhere near fruition. Now, one lawmaker has placed two proposals for such a casino before an Illinois House committee though the likelihood of either ultimately passing into law are slim at most readily useful.
Two Plans, One Guy
Representative Bob Rita (D-Blue Island) has put together two variations of a plan that would bring casino gambling to Chicago. In the first version, designed to appease as many interest groups as you are able to, five new casinos would be authorized. That would add a Chicago casino with up to 4,000 games, along with smaller casinos in Rockford, Danville, Lake County and another suburb to the south of Chicago. It could also give racetracks the best 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 alternate Rita-backed plan one that would accept only just one casino with up to 10,000 games in Chicago that promised to cause plenty of heated arguments on both sides of the problem.
Chicago vs. Downstate Illinois
Rita is hoping that by talking to lawmakers, he is able to convince them that a huge Chicago casino will benefit the state that is entire. Their plan would see half of all revenues from the proposed casino fund projects through the entire state.
‘It’s part of the procedure of moving this forward,’ Rita stated before the hearing. ‘ We now have never really had the full in-depth conversation or a hearing of the Chicago-only option.’
The plan that is single-venue favored by the Chicagoland Chamber of Commerce, which stated during the hearing that they would like a casino in the main area of downtown Chicago. Governor Pat Quinn has additionally recommended that this version of the bill is more likely to earn his support than previous bills which he has vetoed.
But politicians from the rest of the continuing state are predictably suspicious of any plan that would expand gambling only in the city.
‘The purpose [of gambling expansion] would be to help economically distressed communities,’ said state Representative Chad Hays (R-Catlin). ‘ I would suggest that downstate taking the leftover crumbs from Chicago is a laughable assertion that no downstater would bite on.’
A Word 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 license that is chicago-only’ said Eisenhauer, who also planned to attend the hearings.
Representatives from social groups spoke at the hearings to express that they were focused on the impact a casino that is massive have in the state. Meanwhile, other casinos stressed that a large venue in Chicago would hurt their businesses. And the horse industry that is racing both the single-casino and broader expansion plans, because they want more slots available at their tracks.
With so much opposition from round the state, many lawmakers believe that only a broader gambling bill has any potential for success.