Atlantic City Face Off Between Governor Chris Christie and Mayor Don Guardian Turns Bitter

Atlantic City Face Off Between Governor Chris Christie and Mayor Don Guardian Turns Bitter

Atlantic City is out of money, and it’s also quickly running away from time.

State Assembly Democrats were scrambling on Friday to determine how exactly to proceed in supplying financial aid towards the cash-strapped resort gambling town. The Senate, also controlled by the Democrats, has already approved legislation aligned with Republican Governor Chris Christie, to seize governmental responsibility for Atlantic City.

New Jersey Governor Chris Christie, seen here with State Senate President Stephen Sweeney, left, has gotten into a bitter dialogue with Atlantic City Mayor Don Guardian, appropriate, on how best to rescue the city.

But Assembly Democrats aren’t sold on the basic concept, specifically Assembly Speaker Vincent Preito, who prefers a rescue bill that would give AC two years to demonstrate progress or face a state takeover.

‘It’s unfortunate that Gov. Christie has did not use his existing authority to greatly help Atlantic City,’ Preito said in a statement on Thursday. Speaking to his own legislation, Preito declared, ‘This bill is definitely a fair compromise that accomplishes everyone’s goals.’

Dem Fighting Words

Christie’s plan, that is supported by State Senate President Stephen Sweeney (D), was at first also supported by Republican Atlantic City Mayor Don Guardian. But simply days later, the mayor rescinded his compliance.

The flip-flop has caused a war of words to ensue in Trenton and Atlantic City between the two Republican politicians.

‘The mayor endured behind a podium, behind microphones, in front of cameras, and said he agreed to the deal,’ Christie said this week. ‘When I make a deal with somebody we keep it, and if the political winds blow in a different way, then you have to withstand those winds.’

‘we can’t trust him . . . I try only to deal with honorable people. There’s no purpose in meeting with a liar,’ the two-term governor expounded.

Time is of the essence for Atlantic City, as town officials need certainly to determine whether or not to pay its local school district the $34 million it owes the education system throughout the next three months, or to keep that money in order to make payroll. Permitting the city to enter bankruptcy, a strategy chosen by few, is definitely an approach that would affect the credit likely ranks of municipalities over the state.

Guardian responded to Christie in a press conference of their own on Wednesday.

‘I’m sorry he had to use name-calling instead of facts and information. He is trying to move the populous city forward. He should be a diplomat,’ Guardian professed.

Guardian of the Bankruptcy

Irrespective of their opinion that Christie while the state isn’t the solution to Atlantic City’s dire situation that is economic Guardian certainly seems to bear some responsibility for the region’s fiscal troubles.

The city’s expenditures, dubbed outlandish by the governor, haven’t been adequately economized though gambling legalization in nearby states, including Pennsylvania and Delaware in recent years, have led to dwindling gaming revenues and a diminishing tax base, under Guardian’s leadership.

Guardian defended their mayorship in September by calling the situation an ‘economic tsunami.’ The mayor did reduce the total wage and wages of the general public Functions Department throughout the last budget approval, but Christie states to have 119 workers still making over $100,000 plus advantages is outrageous.

In exactly what is perhaps the only news that is good from the region, Atlantic City casino operators reported a profit increase of 40.3 % in 2015 in comparison to 2014, at least in component due to closure of four casinos in the city throughout the past few years.

Japanese Badminton Player Likely Banned from Rio Summer Olympics for Gambling

Japanese badminton is serious business in the Asian country. Though not as popular as baseball, Sumo wrestling, and soccer, badminton is widely played in parks and rec centers throughout Japan.

The player that is second-ranked the globe, Japanese badminton star Kento Momota might be prohibited from the upcoming Rio Summer Olympics for gambling at illegal gambling enterprises. (Image:

Competition in badminton among Eurasian countries is intense, with China as fierce as they come. Aided by the Rio 2016 Summer Olympics significantly less than four months away, Japanese badminton enthusiasts had been eagerly anticipating watching their prodigy Kento Momota, the world’s second-ranked player, compete against the game’s best among the list of Asian recreations stratosphere.

But now it appears unlikely Momota will be making the trip to Brazil at all, that he and a teammate repeatedly visited an illegal casino in Tokyo after it came to light.

Speaking at a news conference on Friday, Momota and teammate Kenichi Tago admitted to visiting gambling that is illegal in their country. Tago pleaded his instance that he is always to blame. The overall game’s 63rd-ranked player states he became addicted to gaming while at international tournaments where gambling is appropriate.

‘It’s all my responsibility to have put Momota in this situation. I’ll take any punishment i am given. I’d accept that I shall no further have the ability to play badminton . . . I’d like Momota become offered one more chance.’

Japan Pans Casinos

Gambling in Japan is certainly banned, but a movement to overhaul the law gained momentum after the International Olympic Committee awarded Tokyo the 2020 Summer Olympics right back in 2013.

Paired with the country’s economic status that is largely considered to be on the brink of the recession, lawmakers in Japan motioned to legalize land-based casinos to ready the country over time to profit off sports betting during the Summer Games. But the momentum fizzled, and in January, the Liberal that is ruling Democratic (LDP) voted against introducing a bill to legalize casinos.

Declining VIP play in Macau as well as the rise in center course wages in China has made Japan a tourist that is desirable, but it’s a region that will remain free of casinos for the time being.

With such strict laws and much more than 127 million residents in the 10th many populous nation in the world, it is no surprise that numerous incidences of gambling violations occur each 12 months. Simply month that is last Japanese baseball pitcher Kyosuke Takagi ended up being prohibited from the activity for 12 months and fined $45,000 after he admitted to gambling on games.

And the two badminton stars could face even steeper penalties.

Tago reportedly visited casinos that are illegal Japan some 60 times during the last two years and lost roughly 10 million yen (US$91,800). Momota presumably accompanied Tago six times, though it’s unclear just how money that is much spent.

‘Considering we have had so much impact in badminton and sports circles, because well as in society, we will have to give them harsh punishments,’ the state with Momota’s club said.

Momota has won about $250,000 playing badminton in their career. a final decision on whether or not to permit Momota into the Summer Olympics is anticipated in the coming days.

American Sports and Gambling take view that is different

In stark comparison to Japan’s zeitgeist, the only area where America believes gambling is where the line must be drawn for recreations stars is when it comes down to recreations betting of their own leagues. Pete Rose has been banned from entering baseball’s Hall of Fame for betting on his games.

However when it comes down to just gambling per se, if the US punished activities stars just for entering casinos, which no body considers a crime in and of itself, it may be argued that half of all united group bases would fade away.

In basic, without any crime appears to be enough stateside to ban a player from the field for a lifetime. The NFL is nearly infamously lax, with a dog that is former who tortured and murdered hundreds of canines now right back after serving a brief sentence, and undoubtedly a virtual epidemic of domestic violence situations that have received little more than a slap in the hand for most players.

And in other American activities leagues, the NBA reinstated a player whom when went in to the stands and punched a fan, while MLB has numerous movie stars playing who’ve been condemned for utilizing steroids.

Steve Wynn Says ‘Nobody Likes Being Around Poor People,’ Proves $1.5 Billion Las Vegas Lagoon to his Point Project

Steve Wynn’s eponymous resort conglomerate will spend $1.5 billion transforming the Wynn Golf Club in to a lagoon that is 38-acre by sandy beaches, the mogul announced Thursday. The pond will be close to a brand new hotel-casino that is 1,000-room will also house the typical restaurants and nightlife attractions.

Billionaire Blooper: Wynn Resorts CEO Steve Wynn may have said a little too much when addressing investors about A las vegas lagoon development that is new project. (Image: Nick UT/AP)

Speaking at their company’s first-ever investors day, Wynn said that the brand new resort would offer ‘ice cream and a fireworks show every night, just like Disney,’ while the lake would host waterskiing and paddle-boarding.

‘This is considered the most project that is fun my 45 years,’ he gushed. ‘Somebody take one other side, let me know what’s wrong with this concept? We’ve all drunk the Kool-Aid.’

Payday Paradise

The resort, which would nestle behind the Wynn and Encore resort towers that face the Las Vegas Strip, would be the mogul’s first major Las Vegas development because the construction of the Encore, which started in 2008.

The earnings of the Wynn Golf Club, which Telsey Advisory Group analyst David Katz said this week pulls in revenues of around $5 million, would be blown out of this water by the brand new task, tentatively en titled the ‘Wynn Paradise Park,’ which could generate $300 to 400 million per year.

Poorly Thought-Out Remarks

Wynn also used the company’s investor gathering as a platform to firmly stick his foot in his mouth, and pretty nimbly for a 74-year-old, we might add.

In a week whenever the Panama Papers leak revealed the fact that is not-very-secret rich individuals use offshore tax shelters to keep their wealth, Wynn’s poor choice of words regarding the economically challenged in our midst came ultimately back to bite him.

‘Rich people only like being around rich people,’ noted billionaire Wynn, who ought to know. ‘Nobody likes being around poor people, especially poor people.’

The CEO, who’s currently engaged in a very publicized War of the Roses with his ex-wife Elaine over control of her stock in Wynn Resorts, was wanting to give an explanation for appeal associated with the Wynn brand at the right time, but like many politicians of late, missed the mark by a continent or two.

‘This company caters towards the top end of the gaming world,’ he said. ‘we are sort of Chanel or Louis Vuitton, to use the comparison, the metaphor for the business that is retail. But unlike Chanel and Louis Vuitton, we have been able in our company to cater to most of the market. By making our standards therefore high … that everyone really wants to be in the building.’

An underling quickly stepped in to operate interference and clear the casino magnate up’s intentions.

‘Mr. Wynn’s comment was made in the context of a conversation that the company creates luxurious resorts that have an appeal that is aspirational a broad range of guests,’ the unidentified spokesperson said.

Maybe not surprisingly, Wynn at one point was rumored to be Donald Trump’s political advisor. Both are now running on poor people Parlance Party ticket.

PGA Tour Reportedly Interested in Permitting Sports Gambling on Golf Tournaments

Fresh off Danny Willett’s Masters win on Sunday, golf’s most-watched event in the usa, gamblers might soon be able to bet on certain shots should the PGA Tour move to integrate its data into betting houses. (Image: Kevin C. Cox/Getty Graphics)

The PGA Tour is rumored become considering venturing into sports gambling and giving bettors with the right to wager in real time on the outcome of its tournaments and matches, though officials are largely staying peaceful on the reported developments.

In accordance with Bloomberg News, golf’s most circuit that is predominant the planet recently delivered ‘request for proposal’ letters to varied data companies on how packaging golf events for gambling purposes might look and work.

The request states that the PGA Tour want to ‘explore the risk/return trade-off associated with potential entry to the sports that are online category.’