A rendering of 1 portion of the proposed Resorts World Miami Genting casino resort project; the $3 billion project nevertheless hasn’t received a sign that is high Florida lawmakers.
They state money speaks, but in Genting Resorts World’s case, it’s perhaps not been speaking as loudly as the ongoing business might like.
Maine Casinos Oppose Expanded Gambling in State
A lot of people think about Maine like this, but a small casino contingent is trying to hold their own there because well. (Image: Katarina Neef/atpm.com)
We possibly may not agree we know there are plenty of reasons that people may oppose more gambling in their state, from moral objections to worries about problem gambling with them, but. However in Maine, gambling is finding an unusual opponent: the gambling enterprises on their own.
Read Our Lips: No New Casinos
Officials from the two Maine casinos currently in operation talked to lawmakers this and said that they shouldn’t approve any expansion of the casino industry in the state week. In this situation, it would appear that the casinos think that industry in the state is wholly saturated already while others believe they’re simply afraid of a competition that is little.
The two properties under consideration the Hollywood and Oxford Casinos encountered off in front of the Joint Standing Committee on Veterans and Legal Affairs against members of two Native American tribes in the state, as well as the owner of the Scarborough Downs race track, over a number of bills that would serve to expand Maine’s gambling options.
Probably the most controversial of those is called LD 1111. It would allow Scarborough Downs to become a ‘racino,’ operating slot machines with their horse that is current racing. That issue has already been brought to referendum in 2011, when it received only 45 percent of the vote statewide.
According to track owner Sharon Terry, Scarborough Downs is struggling due to the competition it faces from the casinos into the state particularly Oxford Casino, which is just 45 minutes away and opened in 2012 june. Even though Hollywood Casino may be further away, it features a companion racino, and can offer everything Scarborough Downs can and more.
Terry says that revenues fell 21.8 percent at her track since slots were allowed at the Bangor battle track, and that the situation gets a whole lot worse considering that the opening of the Oxford Casino. The cut in revenue not only threatens the track, but also Maine’s entire horse racing industry since Scarborough Downs is responsible for 101 days of racing each year.
‘The Downs cannot endure under the current laws,’ Terry said.
However, the general supervisors of both gambling enterprises in addition to several companies within the Oxford area disagreed, opposing slots that are allowing the Scarborough Downs facility. In general, the casinos feel that any new gambling in hawaii threatens to ‘cannibalize the industry,’ as Maine is a relatively small state without enough gamblers to support more venues.
That helps explain why additionally they opposed three other bills being considered by hawaii. Those incorporate a bill that would allow charities to run up to five slots at their headquarters to be able to raise funds, as well as two bills that would allow Indian tribes to expand their gambling operations: one that would let the Houlton Band of Maliseets to operate slots and table games, and another that could let the Passamaquoddy Tribe apply to run table games and slots at a bingo facility that is existing.
‘Should further facilities available or expand, we would see erosion that is further of consumer base,’ said John Osborne, general manager of the Hollywood Casino.
Big Banks Refuse to Process Legal Online Gambling Transactions
Major charge card issuers like Chase, Wells Fargo and United states Express won’t process even legal on the web gambling transactions, they say. (Image: Jason Hindley/money.cnn.com)
Everything seemed therefore hunky dory: Nevada, Delaware and New Jersey all got legal online gambling or at poker that is least, in Nevada’s case up and running in 2013, and with the exception of a few issues with geo-location snafus, overall, the internet sites in all three states have actually been operating pretty smoothly. Except for just one fairly major bug that has nothing at all to do with the sites by themselves: major economic organizations like American Express, Wells Fargo and J.P. Morgan Chase are refusing to process any cash interactions on these web sites, legal or otherwise not.
Your Transaction Is Denied
Whether credit or debit, several card that is heavy-hitter say they are not gambling regarding honoring their cards on Internet video gaming internet sites. And demonstrably, that’s not sitting well with many players who say, just what gives? But the banks included say they’ll not budge, not for online gambling enterprises, poker or sports that are even legal in Nevada.
‘We never let credit card transactions for this activity,’ said Steve O’Halloran, director of advertising and public affairs for Chase Card and Merchant Services. And American Express spokeswoman Sanette Chao concurs, saying her business simply ‘prohibits the use of the card for gambling services.’
While some may conclude that this really is some type of moral imperative, it works out that it is more of a bottom-line that is simple choice than anything else.
‘Gambling services, historically, account for a number that is high of user credit losses and customer service disputes,’ noted Chao.
UIGEA Still Directs Banks’ Positions
And some banking institutions do still hold onto the old UIGEA model (illegal online Gambling Enforcement Act of 2006), because, after all, from the federal standpoint, it is still murky exactly how it is to be interpreted after a 2012 reinterpretation of the first 1961 Wire Act ended up being handed down from the Supreme Court that opened the entranceway to at state-by-state that is least lawful Internet gambling.
Wells Fargo spokeswoman Natalie Brown says that is the reasoning behind her company’s decision to decline gambling deposits.
‘In compliance with regulation GG (illegal Internet Gambling Enforcement Act of 2006), we prohibit the use of consumer credit cards for Web gambling,’ said Brown, who is vice president of customer financing communications with Wells Fargo. ‘The companies (Visa, MasterCard and American Express) monitor the merchant category codes and block fees that do not adhere to federal regulations.’
While this may earn some feeling from their views, it may prove a reality that is frustrating online players in legal gambling states.
‘What the industry has done is take a conservative approach or a reaction to the legalization of online gambling,’ said Tobin Prior, CEO of Ultimate Gaming, which is really a subsidiary of Station Casinos, a land-gaming proprietor in Nevada and the first to ever go online with legal poker into the Silver State. ‘That can be frustrating, but we work with customers to locate options.’
Certainly one of some great benefits of this brick-and-mortar/Internet symbiosis is that clients can both fund and cash down at any of the land gaming properties, in either Southern Nevada or at Station’s land video gaming partner the Taj Mahal in Atlantic City. Players can also use e-checks or wire transfers to make deposits, Prior noted.
While legal websites might wish that banks were more in their court right now, Caesars WSOP site’s spokesperson Seth Palansky states it’s what it really is.