Select Page

As Rome Burns, Putin OKs Crimea Gambling Zone

Russian president Vladimir Putin, facing financial sanctions, signs in a law that will create a ‘gambling area’ in annexed Crimea. But could their timing be any worse?

The story that is old Roman emperor Nero fiddling while his city burned to the bottom possesses mythic quality that could be applied to Vladimir Putin today. Facing an international scandal after Russia’s seeming involvement in shooting a Malaysia Air passenger jet out of the sky, the Russian president has chosen now to ok a new gambling zone in Crimea; a small region simply to the south of Ukraine, where in fact the horrific incident took destination week that is last.

Of course, unlike Nero, Putin remains firmly accountable for all things Russian, and has now borne the brunt of surprisingly little international outrage over the incident that has been allegedly carried out under their army’s auspices.

Putin signed into impact a legislation this week that may transform the territory that is annexed of into a gambling zone for Russian holidaymakers. Into the light of recent events in Eastern Ukraine, Putin, faced with the prospect of increased US/EU sanctions, could perhaps have chosen a more moment that is apposite make this particular announcement, but he’s nothing if not bull-headed, and it is clear he is determined to make the region economically self-sufficient.

Russia took over the territory that is largely russian-speaking the Ukraine in March, following a referendum on its status which the US and EU consider to be illegitimate. Western states refuse to recognize Crimea’s reunification with Russia, while Ukraine continues to claim it as an element of its territory.

The region possessed a economy that is struggling before the territorial dispute, and experts estimate Crimea may run a fiscal deficit of 55 billion rubles ($1.5 billion) this present year. It’s believed that Russia could spend up to $2.8 billion of its emergency budget reserves subsidizing Crimea.

What goes on in Crime Stays in Crimea

This makes the tragedy of Malaysia Airlines flight MH17, that has been shot down by Russian-backed separatists in Eastern Ukraine, ensuing into the deaths of all 298 people on board, most of the more embarrassing and frustrating for the elected president, who is anxious to encourage tourism into the Crimean Peninsula. The region has been a traditional destination for summer vacationers and there are obvious and legitimate concerns that political troubles will keep them at bay with its Black Sea resorts and Mediterranean climate.

Russia was wanting to entice tourists with promotions and assurances of security, such as visa-free travel to the Crimea for Chinese visitors, and it has been incentives that are offering state companies for dealing with their employees to free vacations in your community.

The brand new Crimean gambling area will include casino resorts and hotels that would form section of an unique financial area, offering tax breaks for companies who choose to develop and invest in your community. Russia currently has four designated ‘gambling zones,’ that have been developed five years ago following an authoritarian ‘anti-vice’ crackdown that shut down scores of gambling enterprises and poker groups across the united states. Operators were forced to more remote areas of the country, away from big cities, or pursue careers that are different.

In the areas

The areas had been created in the Baltic enclave of Kaliningrad, between Poland and Lithuania; Altai, on the Kazakhstan border; and Vladivostok near the boundaries with China and North Korea. a fourth, in Russia’s Krasnodar territory, lies close to Crimea and the Ebony Sea and enjoys an economy that is flourishing tourist trade, aswell as obtaining the only presently functional full-scale casino resort, Azov City. According to reports within the Russian media, the new law will extend this zone to cover the town of Sochi, the host of this 12 months’s Winter Olympics, with suggestions that casino resorts will be built round the Olympic Village.

The choice to legalize casino gambling in Sochi can be an interesting one; when asked following the Winter Olympics whether there such plans for Sochi, Putin, who appears to have a personal dislike for gambling generally speaking, answered that, no, Sochi would remain a ‘family resort.’ However, with sanctions looming, Putin may have choice that is little to embrace the prospective economic benefits this most distasteful of vices may provide.

Pennsylvania Parx Pairs With GameAccount Network for Online

Parx Casino in Pennsylvania really wants to develop simulated video gaming in preparation for the legalization of real-money online casinos. (Image:

A sign, this week, that the land operators of Pennsylvania are preparing for the advent that is possible of video gaming came with the news that Parx Casino has created a partnership with online gaming software provider GameAccount Network. Parx, which is owned by Greenwood Racing and also features a thoroughbred racetrack, is the casino that is biggest in their state by revenue and would likely be considered a major player in a post-regulation landscape.

Dublin-based GameAccount, meanwhile, is just a provider that is leading of video gaming systems, which, based on its internet site are ‘capable of being implemented anywhere in the world and containing a vibrant suite of proprietary award-winning Internet games and incorporated third-party games.’

Simulated Gaming

It’s GameAccount’s second foray into the market that is american it currently manages all customer registration, verification and banking for Betfair online, which will be operated in New Jersey together with on-its-last-breath Trump Plaza. The news that the Trump Plaza could close now throws the future of that relationship into uncertainty as we reported last week.

Parx and GameAccount be prepared to launch a ‘Simulated Gaming’ website into the quarter that is fourth of. This, based on GameAccount, enables Parx to make use of the ‘social casino market worth a calculated $1bn per annum in 2013.’

Many land-based operators are beginning to use social casino platforms as valuable marketing tools; however, for Parx, there will be the added benefit of the ready-made casino platform and a database of potential customers should real-money casino video gaming become legalized in the state.

Will Pennsylvania Legalize On The Web Poker?

Pennsylvania has been debating the potential of regulating online gambling for quite a while. a study that is recent commissioned by hawaii’s Legislative Budget and Finance Committee, predicted that online poker would eventually generate $129 million in revenue each year if it had been legalized, while revenue from other casino games would total $170 million. It also foresaw a ‘synergistic’ relationship between the two state’s land-based gambling enterprises and online operations that will ‘generate an increase in casino foot traffic and land-based revenue as new [online] gamers become comfortable with playing poker.’

Last month, Senators Edwin Erickson and Bob Mensch introduced a bill that seeks to legalize on-line poker in Pennsylvania, but not old-fashioned online casino games. However, there nevertheless remains opposition to the concept, maybe not the least from Sheldon Adelson and his Coalition to Stop Internet Gambling. Adelson has influence in the continuing state and, through his Las Vegas Sands Corp., owns among the largest casinos in Pennsylvania, the Sands Casino Resort, in Bethlehem. There clearly was also speculation that Governor Tom Corbett, facing re-election in coming months, might want to avoid signing off any controversial bills for the moment.

Nonetheless, CTO of Greenwood Entertainment & Racing John Dixon is undeterred, and has confirmed that Parx is looking to develop the working platform with an eye to legalization that is potential regulation.

‘GameAccount has demonstrated its gaming that is regulated capability nj and also the merits of Simulated Gaming when integrated with a casino administration system,’ he said. ‘By deploying their system Parx that is on-property Casino have the opportunity to launch Simulated Gaming nationwide before 12 months’s end and be well prepared in the event legislation of real money Internet gaming emerges within the State of Pennsylvania.’

NHL Winger Thomas Vanek Questioned in Gambling Ring Case

Longtime Sabres star Thomas Vanek is involved in a gambling probe that is federal. (Image: Kevin Hoffman, USA TODAY Sports)

Thomas Vanek has a great deal to enjoy within the seasons in the future. The winger just signed a contract that is three-year the Minnesota Wild that is worth a complete of $19.5 million after spending a lot more than eight years with the Buffalo Sabres. But their time in upstate New York might have also landed Vanek in the exact middle of a situation that has nothing at all to do with his on-ice performance.

Vanek has become a right section of the investigation into the Marina Restaurant and Bar near Rochester, nyc. That establishment ended up being raided last thirty days in reference to money laundering and unlawful gambling activity, some of which reportedly included betting on sports events.

Tip Leads to Media Attention

The hockey star was spotted at a courthouse that is federal, reportedly there in some capability linked to that investigation. It absolutely was most likely that Vanek’s participation would have gone unnoticed or even for a tip to local media that led television station WHEC-10 to send a digital camera crew to interview him as he left the building.

Predictably, Vanek offered no remark at the time. However, he did later to push out a statement that gave some explanation of his appearance in Rochester.

‘Representatives of the usa Federal Government have asked for my cooperation in a investigation,’ said the statement distributed by Vanek’s agent, Steve Bartlett. ‘I am perhaps not the subject of any investigation or prosecution. We shall fully cooperate with the united states Federal authorities within their investigation or in every proceedings arising away from it.’ Bartlett additionally told local media that Vanek is just a witness in the case.

Local Connections for Vanek

It isn’t clear what Vanek’s relationship with the Marina is precisely, though there are really a few of hints that could recommend a connection. Most obviously, Vanek’s time in Buffalo (and before that with the AHL’s Rochester Americans) put him into the vicinity that is general of for much of his expert career. A defenseman who spent parts of six seasons playing with Vanek on those teams in addition, one of the restaurant’s owners is Nathan Paetsch.

Paetsch had not been certainly one of the three men indicted after the raid on the restaurant, but. Two managers, Paul Borrelli and Joseph Ruff, were arrested at their domiciles across the time of the raid, while a third man, Mark Ruff, was also charged in case. Police allege that the 3 guys used offshore Web gambling sites in order to run a gambling that is illegal from 2012 to 2014.

In the event that defendants were to be convicted on all charges, they could potentially face both prison time and significant financial penalties. According to some reports, the group could need to forfeit the maximum amount of as $76 million, that will be the number of all wagers made through the illegal gambling business.

Vanek is a solid NHL player since the Buffalo Sabres to his debut within the 2005-2006 season. He remained with Buffalo into the 2013-14 season, when two trades that are separate him first to your ny Islanders after which to the Montreal Canadiens. Vanek played in this year’s NHL All-Star Game, and was a 2nd Team All-NHL player for the 2006-2007 season.