Lindsey Graham for President? The web gambling opponent has created a committee that may gauge whether a 2016 GOP presidential run would be viable.
Lindsey Graham, the Republican Senator for sc, who, along with Representative Jason Chaffetz (R-Utah), is co-sponsor of Restoration of America’s Wire Act (RAWA), is weighing the opportunities for a 2016 run at the presidency.
Graham this week established a committee known as ‘Security Through Strength’ that will explore whether a bid for the GOP presidential nomination is viable.
‘What I’m looking at is, is here a pathway forward on a lawn in Iowa and New Hampshire for a man like me? I do not know until I look,’ said Graham.
Graham’s RAWA bill, if passed, would effortlessly ban all kinds of online gambling at a level that is federal aside from horse racing betting and fantasy sports. No exemptions could be designed for the states that have legalized and managed Internet gaming within their borders, making its passage seem like a shot that is long best.
And Graham isn’t the only opponent of online gambling with his eyes on the candidacy. Previous nyc Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to Stop online Gambling, announced earlier in the day this thirty days that he’s ‘seriously considering’ a run.
Backed by Adelson
Both men may be emboldened by the risk of backing and campaign contributions from Adelson, who may have donated over $100 million to causes that are republican the years.
In 2011, the LVS chairman and his wife Miriam Ochsorn donated $15 million towards the pro-Gingrich political action committee ‘Winning Our Future,’ while Mitt Romney was the recipient (to no avail, of course) of Adelson’s support in 2012, to your tune of $30 million. Romney has stated he will not seek a 2016 presidential campaign spot this round that is go.
Graham, meanwhile, had shown interest that is little the on line gambling question until 2013, when Adelson and Ochsorn cut $15,600 in checks for his campaign for reelection to Congress. Graham normally known to have attended a fundraising party at Adelson’s house.
Meanwhile, a study from townhall.com suggests Adelson recently met with a group of Republican lawmakers on Capitol Hill to renew his efforts to have online gambling banned in the usa. The personal briefing with members of the House Judiciary Committee, including Chaffetz, was described by sources as both a strategy meeting plus an update.
RAWA on the Rise
As of this week’s confirmation hearing for Loretta Lynch, Graham quizzed the Attorney General candidate on her feelings toward on the web gambling, and in specific the DoJ’s 2011 legal opinion on the Wire Act, which effortlessly opened the door for state-by-state regulation. Lynch neatly sidestepped the question.
Both Graham and Chaffetz have actually returned to this new session of Congress with more political money than they held last year. Graham is now a known member of the Republican majority and Chaffetz was recently made chairman of the Government Oversight and Reform Committee.
Graham is a foreign policy hawk whom matters Senator John McCain as you of his closest allies. Announcing his intention to run, he cited the fight against Islamic extremism as their top concern.
He joins a listing of more than 15 Republicans who are considering operating for president, including A bush that is third dynasty in former Florida governor, Jeb Bush. Meanwhile, New Jersey Governor Chris Christie, under whose administration online gambling has been legalized into the Garden State, has additionally been linked with a push for the GOP candidacy.
Paul Phua has Sports Betting Conviction in Malaysia
Paul Phua ended up being arrested in Malaysia for his role in a soccer ring that is betting in 2004, states the nation’s press. Meanwhile, he awaits trial in the US having been arrested at Caesars Palace in June. (image: cardplayer.com)
Paul Phua, the high-stakes poker player that is trial that is standing the US accused of masterminding a global Cup betting operation from Caesars Palace, has a conviction in Malaysia for the same offense, it has emerged.
Malaysian media reported this week that Phua had been arrested in 2004 for his involvement in a betting ring centered in the European Champion soccer tournament of the year.
Based on the Malaysiakini paper, Phua received a sizable fine and left the national country for Vietnam fleetingly a short while later, allegedly to escape those who were owed money after the operation was busted.
He had been barred from entering Malaysia, where on line gambling ended up being strictly prohibited during the soccer World Cup in 2008.
The Phua situation has received a complete large amount of publicity in Malaysia, due mainly to the actions of country’s Residence Affairs Minister, Ahmad Zahid Hamidi.
In December Zahid wrote to Deputy Director associated with the FBI Mark Giuliano to refute allegations that Phua was a member of the 14K Triads, inspite of the FBI having been informed of his connections to your notorious crime that is organized by Malaysian police in 2008.
Into the page, which had been later submitted being a court document by Phua’s defense team, Zahid stated that Phua had, in days gone by, assisted the Government of Malaysia on ‘projects affecting our national security,’ and as such the government was ‘eager for him to return to Malaysia.’
However, the page had been deemed to be a breach that is serious of and the government asked it to be withdrawn from court records.
Phua had been arrested with eight other people, including their son Darren and fellow high-stakes player Richard Wong, in June after an FBI procedure on three of Caesars’ luxury villas unearthed the thing that was described as ‘an illegal cable room,’ the hub of a multi-million-dollar internet Cup betting operation.
Investigators switched off internet access to the rooms and posed as technical repairmen in order to gain access to the villas and gather evidence.
The defense team has asked that this evidence is struck from the record as they believe it ended up being obtained illegally and without having a search warrant, and thus violates the defendants’ 4th Amendment rights.
Macau Bribe Allegation
Five of Phua’s associates plead guilty and were sentenced to probation that is unsupervised fines, while Paul and Darren Phua maintain their innocence.
Just weeks before these were arrested in Las Vegas Phua was certainly one of 22 individuals arrested in Macau in what authorities there called the biggest illegal sports betting bust on record.
Prosecutors in the usa believe that Phua bribed police that is local order to secure their release, permitting him to fly to Las Vegas to keep operations as the 2014 World Cup, the biggest sports betting occasion ever sold, gathered momentum.
The trial is currently delayed while the judge assesses whether evidence collected through the FBI’s covert surveillance operation is admissible in court.
Las Vegas Sands Corp Reports Record Revenue
The cat that got the cream: Sheldon Adelson’s LVS states record revenues despite the monetary lull in Macau. (Image: telegraph.co.uk)
Las Vegas Sands Corp (LVS) reported an archive of net revenue this week year.
Despite dropping profits in Macau as the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold economic harm to the company’s systems; and despite unsteady share prices in the second element of the year, Sheldon Adelson’s casino giant is rude health.
LVS reported that its net revenue increased by 6 percent on last year to unprecedented most of $14.58 billion.
Comparison this with Caesars Entertainment, which has lost money each year since 2009, while struggling to repay the attention on its industry-high $20 billion-plus debt, because it attempts to place its primary operating unit it into Chapter 11 bankruptcy.
Macau ‘Still Wonderful’
Unlike LVS, Caesars failed to spend money on Macau when the spot started it self up to operators that are foreign and this is where the earnings are coming from, despite the softening of the area’s gaming market.
‘ The Macau that is new is little different than the old Macau, but still a wonderful Macau,’ Robert Goldstein, Las Vegas Sands president and COO told CNBC. ‘We believe very much in this market.’
However, LVS’s Q4 revenues had been much lower, 12 months on year, due mostly to Macau poorer performance within the part that is latter of year. LVS, that has four casinos in Macau, stated the Sands China business reported a 16 percent decline in net income to $2.12 billion, and the Venetian Macao saw revenue that is net by 23 per cent to $880.3 million, but this ended up being offset by lower operating expenses, the company said.
Turnover from Macau still dwarfs the revenue of LVS Las Vegas’ properties, nevertheless, which took a combined 362 million in Q4. Total working expenses across all properties were down 14 % to $2.39 billion.
‘The wise handling of our cash flow, including the capability to increase the return of capital to shareholders while keeping a strong balance sheet and sufficient liquidity to buy future growth opportunities, remains a cornerstone of our strategy,’ what casino has the titanic slot machine stated Adelson. ‘We remain focused on the constant execution of our global development strategy, which leverages the power of our unique Integrated Resort business model that is convention-based.’
This comes as Adelson seeks to redouble his efforts to stamp out online gaming in the US. Sources say that Adelson recently met with Republican members of your home Judiciary Committee so as to discuss pushing the problem through during the new legislative session.
Adelson has vowed to invest ‘whatever it takes’ to rid the globe of online gaming.