Another former tribal leader pleads guilty in casino theft
The Associated Press
Another former Winnebago Tribal Council member has pleaded guilty to his role in stealing from the tribe's casino in Iowa.
The Sioux City (Iowa) Journal reports (http://bit.ly/2qRPiia ) that 70-year-old Louis Houghton entered the plea Monday in U.S. District Court in Omaha. His sentencing is set for Aug. 14.
Houghton is one of nine former council members accused of a conspiracy to siphon more than $327,000 from the WinneVegas Casino in Sloan, Iowa. Seventy-one-year-old Lawrence Payer pleaded guilty earlier this month to the same charge: theft from a gaming establishment on Indian lands.
Prosecutors have recommended that Houghton also be sentenced to five years of probation and be ordered to repay any money he illegally obtained from the casino.
Also
Former Winnebago tribal officer pleads guilty to theft
Excerpt:
In July, a federal grand jury indicted Payer, Houghton, former tribal chairman John Blackhawk, Darwin Snyder, Thomas Snowball Jr., Travis Mallory, Charles Aldrich, Morgan Earth and Ramona Wolfe. Each was charged with conspiracy, theft from a gaming establishment on Indian lands and wire fraud.
The indictments came after an FBI investigation determined that while on the tribal council, the defendants had given themselves raises and bonuses totaling $327,500 directly from the tribe's WinnaVegas Casino Resort without approving them at council meetings. It showed that in 2013 and 2014, the nine were issued $87,000 in gift certificates by the casino and uploads to prepaid debit cards paid for by the casino totaling $240,500. These distributions were recorded on the casino's books as miscellaneous administrative expenses, according to the indictment.
Wednesday, May 24, 2017
Tuesday, April 25, 2017
California Online Poker Dead?
California Online Poker Efforts Shelved Indefinitely Very Little Chance Bill Will Move Forward This Year: Report
Excerpt:
by Brian Pempus | Published: Apr 25, 2017
It’s been 10 years since lawmakers in California began looking at regulating state-licensed online poker sites. Nothing has ever come to fruition.
It was already unlikely that 2017 would be any different, but, according to OnlinePokerReport, California Assemblyman Reggie Jones-Sawyer, sponsor of the current online poker bill, has said definitively that there won’t be any action on it this year.
The debate could be restarted next year, but there’s no guarantee.
California tribes haven’t been able to come to a consensus on how to regulate the industry. Some don’t want PokerStars being allowed entry into the market.
...read more at link above...
Excerpt:
by Brian Pempus | Published: Apr 25, 2017
It’s been 10 years since lawmakers in California began looking at regulating state-licensed online poker sites. Nothing has ever come to fruition.
It was already unlikely that 2017 would be any different, but, according to OnlinePokerReport, California Assemblyman Reggie Jones-Sawyer, sponsor of the current online poker bill, has said definitively that there won’t be any action on it this year.
The debate could be restarted next year, but there’s no guarantee.
California tribes haven’t been able to come to a consensus on how to regulate the industry. Some don’t want PokerStars being allowed entry into the market.
...read more at link above...
Monday, March 6, 2017
How Well Is Pala Interactive Doing?
It's hard to know how well Pala's online gaming business is doing. But we can infer some things from the news.
From this article:
uspoker.com - Will A Hard Rock-Branded Online Casino In New Jersey Flourish Or Flounder?
Excerpt:
Latecomers have gained significant market share
The NJ online poker and casino industries consisted of far fewer sites in November 2013, the month when the first wave of regulated sites went live. And all of them have performed admirably.
Pala Casino launched in November 2014. Despite being a relatively unknown quantity in New Jersey, the San Diego-based brand now accounts for a significant portion of Borgata AC online casino revenue.
How much? According to the latest US iGaming Tracker report from Eilers & Krejcik Gaming, the casino has captured 15 percent of Borgata’s online market share, which translates into roughly $5.6 million in revenue generated per year.
----
You can read the entire article at the link above.
So, after an alleged $100 million investment by the Pala Band of Mission Indians about 4 years ago Pala Interactive seems to be generating about $5.6 million a year in revenue, at least in New Jersey.
From this article:
uspoker.com - Will A Hard Rock-Branded Online Casino In New Jersey Flourish Or Flounder?
Excerpt:
Latecomers have gained significant market share
The NJ online poker and casino industries consisted of far fewer sites in November 2013, the month when the first wave of regulated sites went live. And all of them have performed admirably.
Pala Casino launched in November 2014. Despite being a relatively unknown quantity in New Jersey, the San Diego-based brand now accounts for a significant portion of Borgata AC online casino revenue.
How much? According to the latest US iGaming Tracker report from Eilers & Krejcik Gaming, the casino has captured 15 percent of Borgata’s online market share, which translates into roughly $5.6 million in revenue generated per year.
----
You can read the entire article at the link above.
So, after an alleged $100 million investment by the Pala Band of Mission Indians about 4 years ago Pala Interactive seems to be generating about $5.6 million a year in revenue, at least in New Jersey.
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