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 newest Jersey Division of Gaming Enforcement (DGE) has now reached a resolution regarding the Borgata Winter Poker Open counterfeit chips fiasco at last. The tournament had been suspended on January 18th, and subsequently cancelled, following a revelation that the poker that is fake had been introduced.
The DGE certainly had their work cut out in reaching an equitable solution to a very sticky issue: whenever play had been stopped, there have been 27 players left of 4,824 initial entrants within the $500 + 60 NLH Big Stack event, which had a guaranteed prize pool of $2 million. A one-time chip leader named Christian Lusardi, actually busted on Day 2 for $6,814, it wasn’t simply a matter of confiscating his ill-gotten winnings and paying the bubble boy while the perpetrator of the scam.
Detectives had to ascertain which players among this huge field could be believed to have been adversely afflicted with the cheating in order to find a fair way to distribute an overall total of $1,721,805 to those who deserved it. That includes $1,433,145 in prize money, as well as $288,720 the Borgata collected in registration fees. This also meant trying 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 who 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 people who started in the Event Center and were 888 casino no deposit bonus eliminated before 4:30pm, once the latter group could not need enter into experience of Lusardi. Since it in fact was a reentry tournament, Lusardi was also playing on Day 1b, having busted Day 1a, and therefore all players who played that day from 10am will also be eligible, aside from people who played in the Signature Room and Poker Room. Meanwhile, the $50,893 in awards owed to players whom busted in the cash will be paid as scheduled, while the rest of the 27 players still ‘in’ will chop the rest for $19,323 each.
The Borgata may still have a headache to contend with while this would appear to be the fairest solution given the circumstances. In February, a lawsuit that is class-action filed by brand New Jersey attorney Bruce Li Causi on behalf of among the players, Jacob Mustere. The lawsuit claimed that players must certanly be liable to damages along with refunds. At the time of writing, it just isn’t known whether Causi’s client is pleased with the settlement that is current.
Money Down the Can
Meanwhile, Lusardi continues to be in jail in brand New Jersey on $300,000 relationship, 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 triggered the pipes becoming clogged, which caused water to drip on to the rooms of guests on to the floor below. He is also faced with running a large-scale pirate DVD operation from his North Carolina home that allegedly grossed over $1 million.
The Borgata has since introduced brand new high-tech poker chips that are more intricately designed, making them harder to counterfeit, and that can be checked 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 appears that every right time an obstacle emerges for one of the proposed Massachusetts casino plans, someone or something steps up to provide a solution. 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 an answer 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 city would use their power of eminent domain to choose the land also seven other properties in the area for a total cost of about $41 million. The land needed 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 advantage of Steve Wynn and the possible casino resort he really wants to build. Instead, this is a plan that has been in development before anyone considered gambling that is bringing the city.
‘This area, as you are well aware, is critical to the future success of the entire city and will serve being a gateway to your entire region,’ DeMaria had written in a letter to Everett city councilors last week. ‘My management is committed to realizing the extraordinary potential of this area and the city as being a whole.’
Controversy Over Secret Partners
While the city may be willing to choose the land in an effort to develop it, that was not the proposal that is original had been banking on. They had planned 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 over the land began after commission investigators found that the current owners of the property FBT Everett Realty could be lying about the involvement of Charles Lightbody, one of their original partners. Lightbody, a convicted felon, claimed to have sold off their interest in the house sometime ago, despite having put up $1 million associated with the original $8 million purchase price in 2009.
Which could are 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 pastime. And since the commission has required the statements to be 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 city of Everett could possibly get around this issue 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 perhaps not most people are convinced that anyone would develop the area if Wynn doesn’t have the casino license. City Council president Michael Marchese states he looks at the proposition as nothing less than a favor to Wynn.
‘We haven’t had a developer here in over 20 years,’ Marchese said. ‘We only understand 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 just how lucrative a massive casino placed in Chicago could become. It’s been a fantasy of numerous for a long time 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 best.
Two Plans, One Guy
Representative Bob Rita (D-Blue Island) has put together two versions of the plan that will bring casino gambling to Chicago. In the very first version, designed to appease as numerous interest groups as you are able to, five new gambling enterprises would be authorized. That would add 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 also give racetracks the right to host a number that is varying of machines, up to 600 for locations in Cook County.
But that is not the plan that received the attention of the Illinois home. It’s an alternate Rita-backed plan one that would accept just 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 state.
‘It’s part of the procedure of moving this forward,’ Rita said before the hearing. ‘ We now have never ever had a full in-depth conversation or a hearing of a Chicago-only choice.’
The plan that is single-venue favored by the Chicagoland Chamber of Commerce, which said at the hearing that they would like a casino in the main section of downtown Chicago. Governor Pat Quinn in addition has suggested that this form of the bill is more likely to make his support than past bills he has vetoed.
But politicians through the rest of the state are predictably dubious 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 recommend that downstate taking the leftover crumbs from Chicago is just 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 possibility to add downstate job creation and revenue growth far outweighs the benefits of A chicago-only license,’ said Eisenhauer, who also planned to attend the hearings.
Representatives from social groups talked at the hearings to state that they were worried about the impact a massive casino would have in 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 more slots available at their tracks.
With so much opposition from across the state, numerous lawmakers feel that just a wider gambling bill has any chance of success.