Sheldon Adelson is a billionaire - worth about $40 Billion. He is the owner of the Las Vegas Sands Corporation which in turn owns the Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center...among other things.
Up to this point in time Tribes have been throwing money at California's State Legislature hoping to get online poker legalized for themselves. I am not sure how much money has been spent to date to legalize online poker in California but I am sure it is in the many millions.
Well tribes better be ready to open up that check book. Oh, and don't forget to get General Council approval for the tens of millions you will need to spend to get online poker passed. Even after that heavy lift if online poker succeeds in California the Feds could very well end up making online gambling illegal.
The reason? Sheldon Adelson. He has decided to basically go all in against online gambling. He says he is doing it for the children. In reality it's probably just good business since online gambling is considered a threat to brick and mortar casinos.
You can read more about it here:
Washington Post - Adelson’s political beneficiaries adopt casino magnate’s cause to ban Internet gambling
Here is one of Sheldon Adelson's first ads against online gambling:
Friday, May 9, 2014
Wednesday, May 7, 2014
For Review
For review below is the MOU that outlines Robert Smith's $100 Million dollar investment into Online Poker to create Pala Interactive LLC.
MOU Between Pala and NG Poker to Form Pala Interactive LLC
MOU Between Pala and NG Poker to Form Pala Interactive LLC
Sunday, May 4, 2014
Paskenta - After 11 Years, Justice
I was sent this article below. It is a print version of an article that appeared in the Sacramento Valley Mirror. There does not seem to be an online version. It is an embedded pdf file that can be downloaded, printed out, or just enlarged by clicking on the magnifying glass near the bottom of the post. You can also toggle to full screen view by clicking the square on the right hand side at the bottom of this post which will help be able to read it.
Also in the news:
Leslie Lohse was one of the Council Members that was removed from office. She was Treasurer. She is also Chair of the California Tribal Business Alliance (CTBA) (http://www.caltba.org) of which Pala is a member. Robert Smith is the treasurer for CTBA.
Paskenta tribe shuns members, investigates missing funds
Excerpts:
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"Also during the meeting, Leslie Lohse, Tribal Council treasurer, and member of the suspended family, was dismissed off the Tribal Council by the General Council, Rico stated."
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Rico claims that a more recent letter from the gaming commission said it is classifying the dispute as an internal tribal affair, and at this time will leave the problem for the tribe to rectify.
“We are still in compliance with all required federal and state regulations,” she stated.
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