Lindsey Graham for President? The online gambling opponent has created a committee that will evaluate whether a 2016 GOP presidential run would be viable.
Lindsey Graham, the Republican Senator for South Carolina, 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 we’m looking at is, is here a pathway ahead on the floor in Iowa and New Hampshire for a man like me? I have no idea until I look,’ said Graham.
Graham’s RAWA bill, if passed, would effectively ban all forms of online gambling at a federal degree, aside from horse racing betting and fantasy sports. No exemptions is created for the states that have previously legalized and managed Internet gaming within their borders, making its passage seem like a long shot at most useful.
And Graham just isn’t the only opponent of online gambling with his eyes in the candidacy. Previous ny Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to cease online Gambling, announced early in the day this thirty days that he is ‘seriously considering’ a run.
Backed by Adelson
Both men may be emboldened by the possibility of backing and campaign contributions from Adelson, who has donated over $100 million to causes that are republican the years.
Last year, the LVS chairman and his wife Miriam Ochsorn donated $15 million to the pro-Gingrich action that is political ‘Winning Our Future,’ while Mitt Romney was the recipient (to no avail, of course) of Adelson’s help 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 party that is fundraising Adelson’s home.
Meanwhile, a written report from townhall.com suggests Adelson recently met with a combined number of Republican lawmakers on Capitol Hill to renew his efforts to have online gambling prohibited in america. The briefing that is private members of the House Judiciary Committee, including Chaffetz, was described by sources as both a strategy meeting plus an update.
RAWA on the Rise
At this week’s confirmation hearing for Loretta Lynch, Graham quizzed the Attorney General candidate on her emotions toward on line gambling, and in particular the DoJ’s 2011 opinion that is legal the Wire Act, which effectively started 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 increased political money than they held this past year. Graham is now member of the Republican majority and Chaffetz was recently made chairman of the Government Oversight and Reform Committee.
Graham is a policy that is foreign who matters Senator John McCain as one of his closest allies. Announcing their intention to run, he cited the battle against Islamic extremism as their top priority.
He joins a summary of more than 15 Republicans who’re considering operating for president, including a third bush dynasty possibility in former Florida governor, Jeb Bush. Meanwhile, brand New Jersey Governor Chris Christie, under whose administration online gambling has been legalized into the Garden State, in addition has been linked with a push for the GOP candidacy.
Paul Phua has Sports Betting Conviction in Malaysia
Paul Phua was arrested in Malaysia for his role in a soccer betting ring right back in 2004, says the country’s press. Meanwhile, he awaits test in the US having been arrested at Caesars Palace in June. (image: cardplayer.com)
Paul Phua, the high-stakes poker player who is trial that is standing the US accused of masterminding a World Cup wagering operation from Caesars Palace, has a conviction in Malaysia for similar offense, it has emerged.
Malaysian media reported this week that Phua was arrested in 2004 for his participation in a betting ring centered regarding the European Champion soccer competition of that year.
According to the Malaysiakini magazine, Phua received a large fine and left the national country for Vietnam fleetingly a short while later, allegedly to escape those have been owed money after the operation was busted.
He ended up being barred from entering Malaysia, where online gambling was strictly prohibited through the soccer World Cup in 2008.
The Phua situation has received lot of publicity in Malaysia, due primarily to the actions of nation’s Residence Affairs Minister, Ahmad Zahid Hamidi.
In December Zahid wrote to Deputy Director of this FBI Mark Giuliano to refute allegations that Phua was a person in the 14K Triads, despite the FBI having been informed of his connections towards the notorious organized crime group by Malaysian police in 2008.
Into the page, which was 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 impacting our security that is national, and as such the government ended up being ‘eager for him to return to Malaysia.’
However, the page ended up being deemed to be a serious breach of protocol and the government asked it to be withdrawn from court public records.
Phua had been arrested with eight others, including his son Darren and fellow high-stakes player Richard Wong, in June after an FBI operation on three of Caesars’ luxury villas unearthed the thing that was described as ‘an illegal wire room,’ the hub of the multi-million-dollar internet Cup operation that is betting.
Investigators turned off internet use of the rooms and posed as technical repairmen to be able to gain use of the villas and gather evidence.
The protection team has asked that this evidence is struck through the record it was obtained illegally and without a search warrant, and thus violates the defendants’ Fourth Amendment rights as they believe.
Macau Bribe Allegation
Five of Phua’s associates plead guilty and had been sentenced to unsupervised probation and fines, while Paul and Darren Phua maintain their innocence.
Just weeks before they certainly were arrested in Vegas Phua was one of 22 individuals arrested in Macau in exactly what authorities there called the biggest illegal sports betting breasts on record.
Prosecutors in the US believe that Phua bribed regional police in order to secure his launch, enabling him to fly to Vegas to keep operations due to the fact 2014 World Cup, the largest sports gambling event ever sold, gathered momentum.
The trial happens to be delayed while the judge assesses whether evidence collected through the FBI’s covert surveillance operation is admissible in court.
Las Vegas, Nevada Sands Corp Reports Record Revenue
The cat that got the cream: Sheldon Adelson’s LVS states record revenues inspite of the monetary lull in Macau. (Image: telegraph.co.uk)
Las Las Vegas Sands Corp (LVS) reported a record year of net income this week.
Despite falling earnings in Macau because the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold monetary harm to the business’s systems; and despite unsteady share prices in the latter section of the year, Sheldon Adelson’s casino giant is rude health.
LVS reported that its revenue that is net increased 6 percent on final 12 months 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 interest on its industry-high $20 billion-plus debt, into chapter 11 bankruptcy as it attempts to put its main operating unit it.
Macau ‘Still Wonderful’
Unlike LVS, Caesars neglected to purchase Macau whenever the location launched it self up to foreign operators, 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, 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 largely to Macau poorer performance within the second element of the year. LVS, which has four casinos in Macau, stated the Sands Asia company reported a 16 percent decline in net income to $2.12 billion, and the Venetian Macao saw net revenue tumble by 23 per cent to $880.3 million, but this ended up being offset by reduced operating expenses, the business said.
Turnover from Macau nevertheless dwarfs the revenue of LVS Vegas’ properties, nonetheless, which took a combined 362 million in Q4. Total running expenses across all properties were down 14 per cent to $2.39 billion.
‘The prudent management of our income, including the ability to increase the return of money to investors while keeping a balance that is strong and sufficient liquidity to buy future growth possibilities, remains a cornerstone of our strategy,’ stated Adelson. ‘We remain focused on the constant execution of our global growth 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 usa. Sources say that Adelson recently met with Republican members of the House Judiciary Committee so as to discuss pressing the issue through during the brand new session that is legislative.
Adelson has vowed to invest ‘whatever it takes’ to rid the globe of online gaming.