Cantor Gaming CEO Under Possible Investigation by Feds

Cantor Gaming CEO Under Possible Investigation by Feds

CEO Lee Amaitis (center) recently opened the Cantor Gaming Atlantis sports book; some say he is under federal scrutiny now

Perhaps Not a goes by in the gaming universe without someone in a position of power somewhere being scrutinized by the feds anymore, it seems day. Now Cantor Gaming CEO Lee Amaitis is under the spotlight, according to the The Wall Street Journal, on the coating tail of colleague Michael Colbert Cantor’s now released vice president of danger management who pled guilty simply last month to knowingly accepting illegal wagers.

Denial through the Top

Parent company Cantor Fitzgerald was quick to deny the rumor, however, saying in a issued statement: ‘We feel compelled to address this irresponsible and baseless rumor. The notion that Lee Amaitis is a target of federal prosecutors or that he participated in unlawful bookmaking is baseless and false.’

Of program, Anthony Weiner also vehemently denied he was still sexting, therefore there you go in terms of denials of rumors.

Accepting wagers from ‘runners’ people who place bets for an operation is illegal in Nevada, where Cantor Gaming is headquartered.

It could undoubtedly behoove the sports book company to distance themselves from any further insinuations of illegalities, given that Amaitis just attended opening ceremonies for a Cantor that is new Gaming and sports books at the Atlantis Casino on Paradise Island within the Bahamas. The company now h Read more

Caesars Gets A little Less Stocky with 11 Price that is percent Drop

Caesars Gets A little Less Stocky with 11 Price that is percent Drop

In what is been shown to be its stock plummet that is biggest in nearly a 12 months, Caesars Entertainment Corp’s offerings dropped by 11 per cent on Tuesday, largely due to the trades neglecting to have rights to partake in its impending Web divisions’ IPO, it seems. The afternoon ended at $19.91 per share for Caesars, which signified the casino conglomerate’s stock drop that is biggest since November 14, 2012. Ironically, Caesars’ stocks have actually increased threefold since then, a real possibility largely associated with its expansion plans vis a vis its online arm, plus a debt that is recent program to ease the pain of some the casino organization’s $23 billion in redline debt. There may not be sufficient antacids or Lortabs to cope with this amount of pain, but they are providing it their shot that is best.

Divide and Conquer

Caesars which has created several subdivisions and spinoffs in purchase to reallocate funds more advantageously did perhaps not provide Tuesday’s stock investors a go at IPO rights towards their new oh-so-creatively named Caesars Acquisition Co., which will function as the division that is holding both Caesars Interactive Entertainment since well as two land casino properties: their Las Vegas Strip Planet Hollywood hotel and a $400-million Horseshoe that is going up once we speak in Baltimore, Maryland.
But that does not mean shareholders won’t have a shot at the IPO; those Read more

Well-Known Singer that is vietnamese Kim Long Gamble Incorrect Time

Well-Known Singer that is vietnamese Kim Long Gamble Incorrect Time

Popular Vietnamese folk opera performer Kim Tu Long may have gambled too long at a current post-performance foray.

Bizarre in the West, proceedings have been initiated against well-known Vietnamese Cai Luong (folk opera) singer Kim Tu Long, after the entertainer was found gambling by police in Tra On District in the Mekong Delta, Vinh Long Province as it may seem to us. Just plain ol’ credit cards and dice and what could be considered relatively low stakes here were enough to get the performer charged under Vietnam’s strict policy that is anti-gambling citizens.

Caught Cards that is playing for

Kim Tu Long is a well-known and popular performer of Cai Luong, a theatrical kind of modern folk opera that will be hugely well-liked by the population in southern Vietnam, particularly in the Mekong Delta. According to Senior Lieutenant Colonel Phan Van Minh, a deputy police chief in Vinh longer Province, the artist has been charged with unlawful gambling, after he was found among 27 other individuals who were all playing cards for money for a barge anchored during the mouth of Tan Dinh Rivulet, after a performance in June.

Police raided the gambling band and arrested the 27 gamblers, which included two additional designers also playing up to speed the barge on June 26th, and seized two decks of credit cards and 22 dice, along with 28 mobile phones, VND443 million ($21,120), also as another $1,345 in U.S. m Read more