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 chips that are counterfeit at last. The tournament was suspended on January 18th, and later 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 problem: whenever play had been stopped, there have been 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. 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 thought to have been adversely affected by the cheating and discover a reasonable 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 fees. This also meant wanting to quantify the intangible ‘ripple effect’ that Lusardi’s scam may have caused; a very nearly impossible task.
The DGE decided that 2143 entrants who failed to cash had been entitled for their money back (buy-in plus reg cost). These included all players who played on Day 1a from 10am, apart from those who started in the occasion Center and were eliminated before 4:30pm, once the latter group could not have enter into contact with Lusardi. Since it in fact was a reentry tournament, Lusardi was also playing on Day 1b, having busted Day 1a, and so 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 prizes owed to players who busted in the money will be paid as scheduled, while the residual 27 players still ‘in’ will chop the rest 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 New Jersey attorney Bruce Li Causi on behalf of one of many players, Jacob Mustere. The lawsuit claimed that players should be liable to damages along with refunds. At the time of writing, it just isn’t known whether Causi’s customer is pleased with the current settlement.
Money Down the Can
Meanwhile, Lusardi remains 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 college accommodation at the nearby Harrah’s Resort. This triggered the pipes becoming clogged, which caused water to drip on to the available spaces of guests on the floor below. He is also faced with running a large-scale pirate DVD operation 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 certainly will be checked under ultraviolet light.
Everett May Purchase Land for Wynn Casino
Will the city of Everett buy this site of the Monsanto that is former chemical for Wynn Everett? Mayor Carlo DeMaria hopes therefore. (Image: wcvb.com)
It would appear that every right time an obstacle emerges for starters of the proposed Massachusetts casino plans, someone or something steps up to offer a solution. Then when there have been questions regarding that 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 present itself before too long.
Eminent Domain Purchase Considered
In this instance, the town of Everett itself may fundamentally acquire the property before selling it to Wynn, sidestepping the murky situation that currently surrounds the land sale. The city would use their power of eminent domain to buy the land along with seven other properties in the area for a price that is total of $41 million. The land needed for the casino could then be offered to Wynn from the city.
According to Mayor Carlo DeMaria, this move would not be solely for the benefit of Steve Wynn and the prospective casino resort he really wants to build. Rather, this is a plan that has been in development before anyone considered bringing gambling to the city.
‘This area, when you are well aware, is critical to your future success of the entire city and will serve as being a gateway towards the entire region,’ DeMaria composed in a letter to Everett city councilors final week. ‘My management is committed to realizing the potential that is extraordinary of area and the city as being a whole.’
Controversy Over Secret Partners
While the city may be willing to purchase the land to be able to produce it, that was not the proposal that is original was 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 throughout the land began after payment investigators discovered that the existing owners of the property FBT Everett Realty could be lying about the involvement of Charles Lightbody, one of their partners that are original. Lightbody, a convicted felon, claimed to have sold off his interest in the property way back when, despite having put up $1 million for the original $8 million purchase price during 2009.
That could have now been resolved if the other owners had pledged that the property sale wouldn’t benefit any unknown, secret lovers. By Anthony Gattineri has refused to sign such a pledge, fueling speculation that Lightbody may have an interest. And considering that the commission has required the statements become signed in order to accept Wynn’s license, it has put the sale in concern.
A Public Purpose?
Issue of whether or not the city of Everett will get around this problem by using eminent domain could possibly 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 populous city would spend tens of millions to upgrade the location after the purchase.
But maybe not most people are convinced that anyone would develop the area if Wynn doesn’t obtain the casino license. City Council president Michael Marchese claims 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 just 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 away. (Image: chicagotribune.com)
You can imagine precisely how profitable a casino that is massive in Chicago could be. It’s been a fantasy of many for a long time now, though never one which includes 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 law are slim at most useful.
Two Plans, One Guy
Representative Bob Rita (D-Blue Island) has put together two variations of a plan that will bring casino gambling to Chicago. In the version that is first designed to appease as many interest groups as you are able to, five new casinos would be authorized. That would include 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 might additionally give racetracks the right to host a varying number of slot machines, up casinopokies777.com to 600 for locations in Cook County.
But that is not the plan that received the attention of the Illinois home. It’s an alternative Rita-backed plan one that would approve 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 problem.
Chicago vs. Downstate Illinois
Rita is hoping that by talking to lawmakers, he is able to convince them that a massive Chicago casino will benefit the entire state. His plan would see half of all revenues from the casino that is proposed projects through the entire state.
‘It’s part of the means of moving this forward,’ Rita stated before the hearing. ‘ We now have never had the full in-depth conversation or a hearing of a Chicago-only option.’
The single-venue plan is popular with the Chicagoland Chamber of Commerce, which stated during the hearing that they would like a casino in the main section of downtown Chicago. Governor Pat Quinn has additionally suggested that this form of the bill is more likely to earn his support than past bills he has vetoed.
But politicians from the rest of the continuing state are predictably suspicious of any plan that would expand gambling just within the city.
‘The purpose [of gambling expansion] would be to help economically troubled communities,’ said state Representative Chad Hays (R-Catlin). ‘ I would suggest that downstate taking the leftover crumbs from Chicago is really 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 chance 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 wait the hearings.
Representatives from social groups talked at the hearings to state that they were worried about the impact a massive casino would have regarding the state. Meanwhile, other casinos stressed 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, because they want much more slots available at their tracks.
With so much opposition from round the state, many lawmakers believe only a broader gambling bill has any chance of success.