Donald Trump casinos were nearly $30 million behind on taxation re payments to their state of the latest Jersey even though the now-GOP presidential nominee was still running Trump Entertainment Resorts, says a brand new report that broke on Tuesday.
Deal or No Deal? a current ny circumstances story implied that New Jersey Governor Chris Christie (right) personally reduced Donald Trump’s casino goverment tax bill in the Garden State from about 14 years back. But would that even be feasible?
The ny Times states in a scathing article this week that Trump’s casinos in Atlantic City were delinquent on corporate alternative minimum taxes (AMT) to your tune of $8.8 million between 2002 and 2003. Nj-new jersey implemented AMT in 2002. The days says that Trump fought the tax bill and two of their four casinos underwent bankruptcy. Nj-new Jersey pursued the amount of money and claimed, with interest, that Trump owed $29.4 million to its coffers.
Governor Chris Christie (R) assumed his position into the Garden State in 2010. The next year, Trump Entertainment Resorts and New Jersey reportedly reached a $5 million settlement.
The Times attempts to make the instance that Christie’s relationship with The Donald is the reason their state took 17 cents on the dollar, but the news site hasn’t produced any solid proof of such an arrangement.
‘You can’t inform whether there is one thing problematic, but it’s pretty striking that this 1 was written down so much,’ University of Pennsylvania Law School Professor David Skeel told the days, in what amounts to opinion during 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 the latest Jersey’s Department of the Treasury, Taxation Division, would be the overseer of these matters, and to imply that Christie could turn this around on his steam that is own would indicate that hawaii’s income tax board was on the take.
Moreover, it’s miles from unheard of for large tax assessments to be negotiated down the road.
Though Trump and Christie exchanged plenty of jabs during the Republican primary, once the New Jersey governor admitted beat, he quickly offered support for the billionaire real estate tycoon. 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 because of 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 straight back at Clinton and claim she’s already demonstrated to be careless with confidential secrets, based on her behalf current FBI email server investigation, which proved she had delivered out information that is confidential despite her many denials.
This week, Trump additionally hired two new senior campaign staffers, Stephen Bannon as main professional, and Kellyanne Conway as campaign manager. Paul Manafort retains his role as campaign chairman, at least for the time being, amid allegations that he helped a group that is pro-russia the Ukraine route $2.2 million to DC lobbyists in 2012.
Christie Supports More Casinos
When it comes to Christie, it’s quite clear he’ll be voting for Trump. He’ll be voting for his state’s casino referendum to amend the brand New Jersey Constitution and authorize two casinos that are land-based of Atlantic City.
The governor recently stated during a news conference he backs North Jersey casino expansion and would campaign in help of this ballot question, if expected to take action.
According to the latest Fairleigh Dickinson University poll regarding the referendum, Christie’s position is within the minority. The most recent polling shows 58 percent of the latest Jerseyans remain compared to the casino measure.
NeuroMama OTC Stock Trades Halted by SEC After $35 Billion Valuation Hits
Click on NeuroMama’s investor website and you’re likely to be a tad confused as to what the company is about. The site looks more like the work of a crazed ADD pre-teen than that of a supposedly high-end investment firm with graphics that are plebeian to say the least, and messages that range from a Baja California project to one written in Russian Cyrillic.
NeuroMama has been suspended by the SEC from trading its stocks on the market that is over-the-counter the cent 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 as a development business operating in the technology, energy, and casino sectors. Indeed the corporation has grown, at the very least on paper.
Traded on the mainly unregulated over-the-counter (OTC) market, NeuroMama shares jumped an astounding 463 percent through the last eight months, leading to a overall valuation of $35 billion. Which, after considering their investor site, seemed all of the more astounding entirely.
That makes it worth more than Elon Musk’s Tesla, in addition, a company that is overhauling the automotive industry. But have no fear, because NeuroMama is thinking big, and we do mean BIG.
‘ We have goals, I have dreams for our kiddies, for the rest of our families, for our spouse’s [sic] and our future life and retirement together,’ NeuroMama Chairman Steven Schwartzbard writes on the company’s investor homepage. It’s pretty classic copy for anyone 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 says there are ‘potentially manipulative transactions’ and cites many concerns with NeuroMama.
Among NeuroMama’s many advertised products really are a search engine, social media marketing network, e-Commerce platform, and last but perhaps not least, ‘heavy ion fusion technology.’ The United States National Ignition Facility is still into the extensive research phase of inertial fusion energy plants, but NeuroMama apparently has it all determined.
The business states its fusion task will ‘solve energy and water problems around the globe.’ And as a result of its unlimited power supply, NeuroMama is getting in on the international gambling industry scene as well.
It is said by the company plans to build a casino in Ensenada, Mexico in 2017. Should all get as planned, NeuroMama would build 38 more then 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 biggest casino operator in Las vegas, nevada, is taking three years to create its new property in Massachusetts. It is additionally worth noting chances of anyone ever gambling at a NeuroMama casino are slim to it’s never likely to happen.
If you might think NeuroMama’s objectives might be too committed, Schwartzbard says not to worry.
‘Although, we have been convinced that all of our some ideas are great. However, just in case we had made some errors, they’ll make a switch for another basic idea, and lovers will generate income a good way or one other,’ the chairman of the $35 billion organization declared.
Phew. Provided that they don’t make a jump into English literature, all should go efficiently.
FYI on OTC
OTC markets are predominantly for penny stocks, but NeuroMama stocks have gone from about $10 in .
Great news for investors, right? Wrong.
The problem for investors is that NeuroMama (remember, they’re a ‘growth company’) isn’t actually generating income, or, well, um, growth. The company hasn’t filed financial results since 2013, and when it did, NeuroMama listed an extremely unstaggering $4,721 in assets.
OTC markets, additionally known as ‘pink sheets,’ are becoming notorious if you are riddled with fraud. The stocks traded on these exchanges aren’t needed to meet up with the minimum that is same of the New York Stock market or NASDAQ, and also do not have to file with the SEC.
‘Pink sheet shares get the chance 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 are actually dying to understand whom bought these shares, or the entire investor salespitch, because we now have some land in the Bermuda Triangle we have been attempting to unload for eons.
Arkansas Petition Could Force Constitutional Ballot on Casino Gaming
Arkansas Governor Asa Huthcinson is not comprehended to be a fan of casino video gaming. (Image: Win McNamee/Getty Images)
A bid to grow casino video gaming in Arkansas could be granted on the ballot november. 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 week it believed it had enough petition signatures to force a referendum.
The group ended up being issued a deadline that is 30-day month, having submitted 92,120 signatures to the legislature, surpassing the 84,859 needed to be eligible for the ballot. But a few of these proved to be invalid, from those who had signed on more than once or whom are not registered to vote, making the combined group short.
Simply over 65,000 signatures through the original batch have been verified by the assistant of state’s office thus far, while AWI said this week that they had gathered around 50,000 more, which will additionally have to be confirmed. a constitutional ballot requires signatures from voters amounting to 10 % of the total votes cast for work of governor and half the designated percentage from 15 different counties.
Spokesman for AWI Robert Coon said this that he was ‘pretty certain’ his organization had done enough pelican pete free online slots to force a ballot, adding that the reception to the campaign had been ‘pretty positive. week’
‘Our campaign has covered significant ground in a short time period because voters throughout the state understand the positive effect this proposition will have within the form of jobs, economic development, tourism, and tax income,’ stated Coon.
‘We’re pleased with the outcome of the secretary of state’s validation procedure, and we remain confident within our cap ability to get the number of signatures necessary within the next several weeks to place this amendment on the ballot this November.’
Strict Gambling Laws
While casino gambling is strictly prohibited in Arkansas, the state does allow parimutuel betting on horse and dog races at two licensed tracks. These tracks are also permitted to offer electronic ‘games of skill,’ including blackjack and video poker and slot devices.
Arkansas voters have refused casino that is several proposals since 1994, although they did vote to approve the creation of the lottery in 2008. Meanwhile hawaii’s Governor Asa Hutchinson has said he is compared towards the plan.
The campaign proposes the creation of gambling enterprises in Boone, Miller and Washington counties. Cherokee Nation Entertainment, which operates nine casino properties in Oklahoma, including intense Rock Hotel & Casino Tulsa, has stated it will be invest within the Washington County home should voters decide to amend the constitution.
UNLV eSports Course Highlights Changing Nature of Casino Industry
Robert Rippee is planning tomorrow’s casino executives money for hard times of gaming by supplying a UNLV eSports course this autumn through the Overseas Gaming Institute. (Image: unlv.edu)
The UNLV eSports course recently announced by the university’s International Gaming Institute (IGI) is attracting lots of attention not just from perspective pupils but additionally the casino industry as a whole.
Earlier this month, the IGI said the innovative brand new curriculum will challenge students to explore the countless facets of eSports and discover and develop methods to grow the budding market.
Favored by the generation that is millennial eSports is just a type of multiplayer game competitions that 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 numerous games being changed into arena-sized tournaments with thousands of players and millions more watching.
‘eSports may be the hottest subject in most board space on the Strip, particularly with respect 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 down in front side of live fans at venues around the entire world.