Donald Trump casinos had been nearly $30 million behind on income tax re payments to hawaii of the latest Jersey even though the now-GOP presidential nominee was still running Trump Entertainment Resorts, says a new report that broke on Tuesday.
Deal or No Deal? A new that is recent york story implied that brand New Jersey Governor Chris Christie (right) personally reduced Donald Trump’s casino goverment tax bill in the Garden State from about 14 years ago. But would that even be feasible?
The nyc circumstances says in a scathing article this week that Trump’s casinos in Atlantic City were delinquent on business alternative minimum taxes (AMT) towards the tune of $8.8 million between 2002 and 2003. Nj implemented AMT in 2002. The Times says that Trump fought the goverment tax bill and two of his four casinos underwent bankruptcy. New Jersey pursued the cash and stated, with interest, that Trump owed $29.4 million to its coffers.
Governor Chris Christie (R) assumed his position within the Garden State in 2010. The next 12 months, Trump Entertainment Resorts and nj-new Jersey reportedly reached a $5 million settlement.
The instances tries to result in the situation that Christie’s relationship with The Donald ‘s the reason the state took 17 cents on the buck, but the news web site hasn’t produced any proof that is solid of an arrangement.
‘You can’t tell whether there’s one thing problematic, but it is pretty striking that this one was written down so much,’ University of Pennsylvania Law School Professor David Skeel told the Times, in what amounts to opinion at the end of the time.
The reality is that it’s highly unlikely, if maybe not downright impossible, for one guy to wipe another’s business tax slate clean. The State of New Jersey’s Department of the Treasury, Taxation Division, will be the overseer of such matters, and to imply that Christie could turn this around on their own steam would likewise indicate that their state’s tax board was on the take.
Moreover, it’s far from unusual for large tax assessments to be negotiated down the road.
Though Trump and Christie exchanged plenty of jabs during the Republican primary, when the New Jersey governor admitted beat, he quickly offered help for the billionaire estate tycoon that is real. Once considered a frontrunner for the VP nod, Christie is now likely to assume a cabinet position, should Trump overturn the current polls and win the 2016 election against Hillary Clinton.
Trump sits straight down today utilizing the FBI for their first classified intelligence briefing. Christie will tag along for the meeting, as will retired Army Lt. General Michael Flynn. Candidates at this time of the election that is presidential receiving such information to better prepare the eventual champion for Day One in the Oval Office.
Many Trump opponents have expressed fears that the GOP candidate may tweet classified material. Conversely, Trump supporters aim the finger back at Clinton and claim she’s already shown to be careless with confidential secrets, based on her behalf present FBI e-mail server investigation, which proved she had delivered out private information, despite her many denials.
This week, Trump additionally hired two new campaign that is senior, Stephen Bannon as main executive, and Kellyanne Conway as campaign manager. Paul Manafort retains his role as campaign chairman, at least for the time being, amid allegations he helped a group that is pro-russia the Ukraine route $2.2 million to DC lobbyists in 2012.
Christie Supports More Gambling Enterprises
Regarding Christie, it’s quite clear he’ll be voting for Trump. He’ll additionally be voting for his state’s casino referendum to amend the brand New Jersey Constitution and authorize two land-based casinos outside of Atlantic City.
The governor recently said during a news conference he backs North Jersey casino expansion and would campaign in help regarding the ballot question, if asked to do this.
Based on the latest Fairleigh Dickinson University poll on the referendum, Christie’s position is within the minority. The most polling that is recent 58 per cent of the latest Jerseyans remain opposed to the casino measure.
NeuroMama OTC Stock Trades Halted by SEC After $35 Billion Valuation Hits
Simply Click on NeuroMama’s investor website and you’re probably be a tad confused as from what the company is about. With graphics that are plebeian to say the smallest amount of, and messages that range from a Baja California project to one written in Russian Cyrillic, your website looks more like the work of the crazed ADD pre-teen than that of a supposedly high-end investment firm.
NeuroMama has been suspended by the SEC from trading its shares in the over-the-counter market after the penny stock reached an inflated valuation of $35 billion. Than we are if you can figure out anything on this website, you are a whole lot smarter. (Image: NeuroMama.com)
NeuroMama bills it self being a development company running in the technology, energy, and casino sectors. Certainly the corporation has grown, at least on paper.
Traded on the largely unregulated over-the-counter (OTC) market, NeuroMama shares jumped an astounding 463 percent during the final eight months, resulting in a overall valuation of $35 billion. Which, after taking a look at their investor site, seemed all the more astounding entirely.
That makes it worth significantly more than Elon Musk’s Tesla, by the way, a business that is overhauling the industry that is automotive. But do not have fear, because NeuroMama is thinking big, and we do mean BIG.
‘ We have desires, I have dreams for our kids, for the sleep of our families, for the wife’s [sic] and our life that is future and together,’ NeuroMama Chairman Steven Schwartzbard writes on the company’s investor homepage. It’s pretty classic copy for anybody who’s ever watched an episode of ‘American Greed’ and exactly how it targets investors.
With no financial filings and no income to speak of, the business’s valuation led the US Securities and Exchange Commission (SEC) to halt the stock’s OTC trading. The SEC states there are ‘potentially manipulative transactions’ and cites concerns that are numerous NeuroMama.
Among NeuroMama’s numerous claimed products really are a search engine, social media marketing network, e-Commerce platform, and last but not least, ‘heavy ion fusion technology.’ The United States National Ignition Facility is still into the research phase of inertial fusion power plants, but NeuroMama apparently has it all identified.
The business states its fusion task will ‘solve energy and water problems around the globe.’ And because of its endless power, NeuroMama is getting in on the gambling that is international scene as well.
The company says it plans to create a casino in Ensenada, Mexico in 2017. Should all go as planned, NeuroMama would then build 38 more casino resorts throughout Mexico all in the span of just two years. Steve Wynn must be gasping for air.
It’s worth noting that MGM Resorts, the casino operator that is largest in Las vegas, nevada, is taking 3 years to create its new home in Massachusetts. It is additionally worth noting the chances of anyone ever gambling at a NeuroMama casino are slim to it’s never going to happen.
If you would imagine NeuroMama’s objectives might be too committed, Schwartzbard states not to worry.
‘Although, we’re convinced that all of our some ideas are great. However, in case we had made some errors, they’ll create a switch for another basic idea, and lovers will make money a good way or the other,’ the chairman of the $35 billion company declared.
Phew. Provided that they do not produce a jump into English literature, all is going efficiently.
FYI on OTC
OTC areas are predominantly for very cheap stocks, but NeuroMama stocks have gone from about $10 in .
Great news for investors, appropriate? Wrong.
The problem for shareholders is that NeuroMama (remember, they’re a ‘growth company’) isn’t actually generating income, or, well, um, growth. The company has not filed results that are financial 2013, and when it did, NeuroMama listed a really unstaggering $4,721 in assets.
OTC markets, additionally referred to as ‘pink sheets,’ are becoming notorious to be riddled with fraud. The shares traded on these exchanges aren’t necessary to meet the exact same minimum requirements of the nyc Stock Exchange or NASDAQ, and also do not have to file with the SEC.
‘Pink sheet shares are able for real comes back because they tend to be smaller cap businesses and illiquid. But you might also need the potential for genuine fraud,’ Cornell University Professor Charles Whitehead told CNNMoney. ‘There are real risks.’
We’re actually dying to know who bought these shares, or the entire investor salespitch, because we have some land in the Bermuda Triangle we have been trying to unload for eons.
Arkansas Petition Could Force Constitutional Ballot on Casino Gaming
Arkansas Governor Asa Huthcinson is not recognized to be a fan of casino video gaming. (Image: Win McNamee/Getty Images)
A bid to grow casino gaming in Arkansas could be granted on the pelican pete free pokies November ballot. The Arkansas Winning Initiative (AWI), that is behind a push to change their state constitution to authorize up to three casinos within the state, said this it believed it had enough petition signatures to force a referendum week.
The team had been given a deadline that is 30-day month, having submitted 92,120 signatures to the legislature, surpassing the 84,859 needed to be eligible for a the ballot. But a few of these proved to be invalid, from those who had finalized on more than once or whom weren’t registered to vote, leaving the combined group short.
Just over 65,000 signatures through the original batch have actually been verified by the secretary of state’s office up to now, while AWI said this week that they had gathered around 50,000 more, which will additionally should be confirmed. a constitutional ballot calls for signatures from voters amounting to ten percent of the total votes cast for the office of governor and half the designated percentage from 15 different counties.
Spokesman for AWI Robert Coon said this week which he ended up being ‘pretty certain’ his company had done sufficient to force a ballot, adding that the reception to the campaign was in fact ‘pretty positive.’
‘Our campaign has covered significant ground in a short time frame because voters over the state understand the positive impact this proposal will have within the form of jobs, economic growth, tourism, and taxation revenue,’ said Coon.
‘We’re pleased with the outcome of the secretary of state’s validation procedure, and we remain confident inside our cap ability to search for the number of signatures necessary throughout the next weeks that are several place this amendment on the ballot this November.’
Strict Gambling Laws
While casino gambling is strictly forbidden in Arkansas, the state does permit parimutuel betting on horse and dog races at two licensed tracks. These tracks are also permitted to supply electronic ‘games of skill,’ which include video and blackjack poker and slot machines.
Arkansas voters have actually rejected several casino legalization proposals since 1994, although they did vote to approve the creation of a lottery in 2008. Meanwhile the state’s Governor Asa Hutchinson has said he could be opposed towards the plan.
The campaign proposes the creation of casinos in Boone, Miller and Washington counties. Cherokee Nation Entertainment, which operates nine casino properties in Oklahoma, including intense Rock Hotel & Casino Tulsa, has said it would be invest into the Washington County property should voters decide to amend the constitution.
UNLV eSports Course Highlights Changing Nature of Casino Industry
Robert Rippee is preparing the next day’s casino executives for the future of video gaming by offering a UNLV eSports course this fall through the Global Gaming Institute. (Image: unlv.edu)
The UNLV eSports course recently announced by the university’s International Gaming Institute (IGI) is attracting plenty of attention perhaps not only from perspective students but also the casino industry as a whole.
Earlier this month, the IGI said the innovative brand new curriculum will challenge students to explore the many facets of eSports and learn and develop ways to grow the market that is budding.
Favored by the generation that is millennial eSports is really a kind of multiplayer gaming competitions which has quickly attracted a large following both domestically and abroad.
The ‘League of Legends,’ ‘Dota,’ and ‘Counter-Strike: Global Offensive’ are just three of the many games being changed into arena-sized tournaments with thousands of players and millions more watching.
‘eSports could be the topic that is hottest in every board room on the Strip, particularly with regards to Millennials,’ UNLV eSports Lab Director Robert Rippee said in a statement. ‘ What better starting point for the journey to understand its relevance and application to the casino and hospitality industry than right here at UNLV?’
Poker players unfamiliar with eSports can relate the concept to the Global Poker League (GPL). Fueled by entrepreneur Alexandre Dreyfus, the GPL is an audience-centric poker league that plays away in front side of live fans at venues around the entire world.