A previous executive at the Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania is sentenced to 32 months for his role in a scheme that involved the casino’s slot machines and creating bogus loyalty benefits.
Casino fraudster Robert Pellegrini (seen right here in December after pleading bad) will be investing in dapper matches for inmate orange during a prison sentence that is 32-month. He will also need to pay close to a dollars that are half-million restitution to the casino where he once worked.
Robert Pellegrini was VP of player development for the Mohegan Sun when he and two others concocted a scheme to bilk his employers by using customers’ stolen loyalty card PIN numbers to play for free, allowing the gang to keep the winnings. The operation went from May 2014 to 2015, before Pellegrini was busted april.
It was the role of Rochelle Poszeluznyj, a cocktail waitress, to see down players’ loyalty card PIN numbers onto Pellegrini, who would create copies of the cards which he then loaded with free slot money as she served them drinks, before passing them. Then it was Mark Joseph Heltzel, a customer whom had formerly been caught cheating at blackjack but was mysteriously not banned, who posed as a customer that is regular used the cards to play slots, splitting the winnings among the group.
The court was told how the trio used $478,100 in free slot play to come up with $418,793 in illicit winnings.
‘I’m a man that is flawed’ Pellegrini, who claims to be always a issue gambler, told the judge. ‘I’ve made errors in my life, this being the biggest,’ he said. ‘we didn’t steal to pay my bills. It had been to guide my gambling.’
Whenever asked just how a compulsive gambler could hold down a high-profile job at a casino, Pellegrini replied: ‘Where do you consider casino workers go on their days off? They visit other casinos.’
The scheme was uncovered when a dealer during the Mohegan Sun Pocono, who was apparently deeply in love with Poszeluznyj, spilled the beans to authorities, because he viewed Heltzel as a rival on her affections.
Prosecutor Michelle Olshefski countered Pellegrini’s assertion he had hundreds of thousands of dollars in the bank, as well as a number of assets that he had not stolen for greed, noting that while the scam was ongoing. She said phone records advised he had been the ringleader of the scheme and because he had ‘bills to pay. that he regularly told their accomplices to ‘get busy”
Nevertheless, Senior US District Judge the Richard Caputo departed from sentencing guidelines after hearing impassioned pleas from their family and character testimonies suggesting he was of otherwise good character.
Pellegrini must also pay $478,350 in restitution to their former boss. He could have obtained as much as 20 years in prison.
Poszeluzny and Heltzel have both pleaded bad and are due become sentenced at a date that is later. Heltzel faces 175 mostly felony counts of theft, identity theft, criminal conspiracy, and winning by fraud. His bail was set at $500,000, but had been paid down to $150,000, with the knowing that he’d surrender any firearms and pay just 10 percent of the bond to walk free until his sentencing date.
Federal Trade Commission Moves to Block DraftKings-FanDuel Merger
The US federal government took first steps toward quashing a proposed merger between day-to-day fantasy sports leaders DraftKings and FanDuel, contending the deal would create an illegal monopoly that controls 90 percent for the DFS market.
FanDuel CEO Nigel Eccles (left) and DraftKings CEO Jason Robins (right) argued that a merger was in the most effective interests of DFS players, but FTC administrators disagreed. (Image: Vanity Fair)
On the Federal Trade Commission, in conjunction with the Offices of the Attorneys General of California and Washington DC, filed a suit in federal district court to seek an injunction to halt the deal friday.
‘ We are disappointed by this decision and continue to believe that a merger is in the interest that is best of our players, our organizations, our employees and the fantasy sports industry,’ stated DraftKings CEO Jason Robins and FanDuel CEO Nigel Eccles in a joint statement. ‘ We are considering all our options at this right time.’
The FTC claims the deal it illegal to engage in ‘unfair or misleading functions or practices in or affecting commerce. as it was taking shape would violate Section 7 associated with the Clayton Act, which forbids mergers and acquisitions that would in effect create a monopoly, and Section 5 of the FTC Act, helping to make’
Fundamentally, the FTC refused to swallow DrafKings’ and FanDuel’s core argument that daily fantasy sports comprised only a small segment regarding the much wider fantasy sports market, dominated by the variety that is season-long.
The commission concluded that DFS customers do perhaps not view season-long as a ‘meaningful substitute’ for DFS.
‘This merger would deprive customers of the substantial benefits of direct competition between DraftKings and FanDuel,’ said Tad Lipsky, Acting Director of the FTC’s Bureau of Competition.
The FTC contends that neither brand new entrants in the DFS company, nor any future expansion by existing operators, could be likely to supply meaningful competition, as the two organizations hold a combined 90 percent estimated market share.
DraftKings and FanDuel announced their intentions to merge November that is last months of speculation. As rivals, they spent an estimated $750 million wanting to out-market one another, according to ESPN, while offering a broadly product that is similar.
Meanwhile, both companies have struggled after experiencing growth that is initially explosive. Regulatory doubt and legal challenges have plagued the industry from belated 2015 onward, which is on that front in which the two organizations believe together they could wage the strongest fight.
Tough Fold: Legal Online Poker Off the Table in New York for 2017
The State Assembly in nyc won’t be passing a bill to legalize poker that is online the chamber adjourns this Wednesday, June 21. That’s according to the NY regular News, which spoke to Assemblyman Gary Pretlow (D-Westchester), the prime sponsor of legislation that would’ve made the fourth many populous state the fourth state to offer the online game.
The web poker dream team in nyc, State Sen. John Bonacic (left) and Assemblyman Gary Pretlow state they shall carry on their push for legal internet poker in 2018. (Images: State of the latest York)
Assembly Bill 5250 sought to redefine Texas Hold’em and Omaha as games of skill rather than chance, a key distinction that would’ve allowed both games to be played online.
But Pretlow changed his optimistic tune going into the last week of legislative session, telling proponents to withhold their passion. ‘There was some opposition,’ Pretlow stated. ‘We’ll pick it up year that is next than likely.’
Year Better Luck Next
The Poker Players Alliance (PPA), the lobbying that is leading for internet poker in Washington, DC, explained that the 2017 campaign in New York should give players plenty to cheer about.
‘This 12 months the bill not only easily passed away the Senate, also for the very first time ever an iPoker bill passed an Assembly committee. This is progress,’ the PPA stated in a social media marketing post.
Pretlow was at the forefront of trying to finish internet poker prohibition within the Empire State. The Democrat first introduced the subject into his chamber straight back in 2014, and during the last 3 years, he’s remain committed to advancing the discussion.
State Sen. John Bonacic County that is(R-Orange led the fight in the New York Senate, with far more success.
Their companion bill earlier this month stumbled on a vote that is full the Senate floor and simply passed, 53-9. But once sent to the installation to be merged with Pretlow’s bill, it stalled in the Standing Committee on Codes.
A hurdle that is key how to deal with ‘bad actors,’ such as PokerStars, an important supporter associated with the bill, who accepted electronic payments from brand New York customers even after the Unlawful online Gambling Enforcement Act of 2006 prohibited it.
Another roadblock for 2018 is conventional wisdom that has found bills regarding gambling tending never to go during election years.
Online poker in the US has mainly been a breasts since 2011. That was the Department of Justice issued an opinion that the Wire that is longstanding Act which banned many kinds of gambling through the transmission of phone lines, used just to sports betting.
That meant that individual states had been absolve to license and manage online video gaming tasks except sports betting. Though the DOJ under Attorney General Jeff Sessions has toyed with the basic idea of re-evaluating the 2011 opinion, up to now efforts to restore the wire act with specific prohibitions on all types of on the web gambling have also fallen flat.
But still, only three states have actually legalized some forms of on line gambling, as well as the relatively tiny populations of Nevada, New Jersey, and Delaware have actuallyn’t quite allowed the poker to fully realize its online potential.
Nyc, however, stood to notably shake up the online poker landscape, with almost 20 million residents which could potentially more than double the size regarding the overall American player pool, while also motivating other states to move forward with legislation of the own.
Pennsylvania, the fifth many populous state, immediately behind brand New York, could be the next market to watch. The Keystone State happens to be considering a comprehensive expansion of gambling and overhaul that is regulatory and there legalizing internet poker is a chance nevertheless up for grabs.
Florida Seminole Tribe’s Bond Credit Rating Upgraded by Moody’s, Fitch
The Seminoles of Florida are likely to save yourself a bundle in the months that are coming after bond and credit rating services Moody’s and Fitch both upgraded the tribe’s bank financial obligation and bond credit ratings.
The Seminole Tribe’s seven casinos in Florida, managed by video gaming professional Jim Allen, can borrow cash at reduced interest rates, after Moody’s and Fitch upgraded the indigenous American group’s ratings. (Image: Miami Dolphins)
Moody’s Investment solutions upgraded the Florida tribe’s current term debt and bonds rating to Baa2, and its Special Obligation Bonds to Baa3. The classifications are still described as ‘non-investment grade’ speculations while those increases are welcomed news to the Seminoles.
However, it inches the Tribe’s financial obligation and bonds nearer to investment-grade securities, and even the tiniest bump within the Moody’s rating ladder represents huge cost savings in terms of interest compensated to lenders.
‘The ratings improvements, affirmations and strong new ratings are superb news for the Seminole Tribe of Florida once we look toward a solid, stable future,’ Seminole Chairman Marcellus Osceola Jr. said in a presser. Seminole Gaming CEO Jim Allen added that the upgrades ‘will conserve huge amount of money by assisting to keep costs that are borrowing.’
Bullish on Gaming
Even though the Moody’s news had been cheery, things are searching even brighter for the Seminoles at Fitch. The reviews agency upped its categorization for the Tribe’s gaming division to Better Business Bureau.
Where companies rate according to the top credit assessors is key to just how much they will be paying lenders. This chart shows how countries rate overall. (Image: World Economic Forum)
According to Fitch, the investment-grade difference is predicated on a favorable gambling environment in the Sunshine State, and the Seminoles’ ‘steady, good working trends in comparison to more flat growth seen in other US gaming markets.’
The Tribe has lent $2.4 billion to repay term that is outstanding and fund expansions at its Hollywood and Tampa casinos. ‘These enhanced and renewed investment-grade ratings … may help Seminole Gaming to continue as you of the planet’s many gaming that is profitable,’ Allen added.
Both ratings agencies additionally credited the tribe’s ongoing commitment to cover video gaming taxes to Tallahassee, despite not having a valid compact with Florida.
Stalled in State’s Legislature
The state’s legislature didn’t arrive at terms over a new arrangement, with the House seeking to keep gambling in its current status, whilst the Senate sought to grow gaming and place slots at dog and horse racetracks in eight counties.
The top chamber also wanted to allow the Seminoles to provide craps and roulette, in trade a commercial casino resort to be built in either Broward or Miami-Dade Counties. Moody’s and Fitch believes the tribe’s continuing to spend video gaming revenue could play into its favor during upcoming negotiations that are compact.
A bond is a debt investment issued by businesses to investors who lend the entities money. They truly are not the same as shares, in that the lender isn’t acquiring ownership into the debtor’s business.
The issuing of bonds takes place whenever a business needs to increase money. Bonds are often viewed as fixed-income securities, because the companies issuing them agree to pay either a variable or interest that is fixed to loan providers.
The interest rate is dependent upon just how long the lending duration is, the true number of annual payments towards the lender, and most importantly, the credit quality of the bonds, particularly, the risk from the loan.
Moody’s and Fitch reducing the long-term risk for the Seminole Tribe’s bonds means rates of interest will slightly diminish, and on $2.4 billion, that equates to millions of dollars saved.
Touchdown for Redskins, as Supreme Court Overturns ‘Disparaging’ Trademark Patent workplace Ruling
The United States Supreme Court has sided with the Slants, an Asian-American rock band that was denied a trademark by the US Patent and Trademark Office on the grounds that the name was disparaging to persons of Asian descent in a major ruling that reverses a longstanding statute.
The Washington Redskins trademark wasn’t renewed in 2015 by the United States Patent and Trademark Office, but the Supreme Court says the statutory law is on the NFL team’s part. (Image: Ann Heisenfelt/Associated Press)
Writing in almost all viewpoint, Justice Samuel Alito declared, ‘ The commercial market is well-stocked with merchandise that disparages prominent numbers and teams, and the line between commercial and non-commercial speech is not always clear. If affixing the label that is commercial the suppression of any speech that could lead to political or social ‘volatility,’ free speech is jeopardized.’
Three years ago, online sports books had the odds of Washington being forced to replace the team’s name at around Yes (+300), No (-500). The bookmakers got it right as is often the case.
The ruling is a touchdown for Washington Redskins owner Daniel Snyder. Snyder has repeatedly refused to rename the NFL franchise, despite intense scrutiny that is public even after multiple indigenous American groups said they discovered the team name become disparaging.
In 2014, 50 US Senators, 48 Democrats, and two Independents, signed a letter sent to NFL Commissioner Roger Goodell asking the league to force the Redskins to rebrand. The document requested the league’s ownership send the message ‘that racism and bigotry do not have real money casino for mobile android phone place in expert sports.’
What’s in a Name?
If the Supreme Court have seen the full case an additional light, the fallout could have been far-reaching. In US sports, there is a host of potentially team that is controversial.
In Major League Baseball, there is the Indians and Braves, and some have nagging issue with the Yankees designation. Within the NBA, there’s the Boston Celtics, characterized by an obese, pipe smoking Leprechaun. There is the NFL Kansas City Chiefs and Minnesota Vikings, plus in college sports, the Spartans, Trojans, Scots, and Irish are among possibly ‘negative’ names in NCAA programs that are athletic.
Of course, one man’s ‘offensive’ is another’s ‘who really cares?’ Cases in point:
The NFL’s Las Vegas Raiders are coming to town, albeit perhaps not until 2020. The Oakland franchise was at first likely to be called the Señors, but was changed to the Raiders in 1960. Can a guy in a football helmut with eye spot and swords on either side of their head be considered unpleasant? The Las Vegas Golden Knights are coming to play in the NHL this fall. Are knights an indication of white privilege? Classist elitism? Imperialist conquering? The Crusades?
It’s all in exactly how it is seen by you, plus the High Court claims it is also all inside the bounds of free message.
The Patent and Trademark Office (PTO) had denied the Slants’ application by citing the Lanham Act. The 1946 statute that is federal trademark requests to don’t be disparaging in nature, and to avoid falsely suggesting a ‘connection with persons, living or dead, institutions, philosophy, or nationwide symbols, or bring them into contempt, or disrepute.’
The PTO attempted to make the argument that trademarks are federal government speech, as they’re being qualified by the federal agency. Justice Alito rejected that thinking, saying, ‘It offends a bedrock First Amendment principle: Speech might not be banned on the ground that it expresses ideas that offend.’