Donald Trump casinos were almost $30 million behind on tax payments to their state of New Jersey although the now-GOP presidential nominee was still operating Trump Entertainment Resorts, says a new report that broke on Tuesday.
Deal or No Deal? A new that is recent york story implied that brand 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 New York occasions states in a scathing article this week that Trump’s casinos in Atlantic City were delinquent on corporate alternative taxes that are minimumAMT) to your tune of $8.8 million between 2002 and 2003. New Jersey implemented AMT in 2002. The circumstances says that Trump fought the goverment tax bill and two of his 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 in the Garden State in 2010. The next year, Trump Entertainment Resorts and New Jersey reportedly reached a $5 million settlement.
The instances tries to result in the case that Christie’s friendship with The Donald is the reason the state took 17 cents on the buck, but the news web site hasn’t produced any solid proof of such an arrangement.
‘You can’t inform whether there’s something problematic, but it’s pretty striking that this 1 was written down so much,’ University of Pennsylvania Law School Professor David Skeel told the instances, in what amounts to opinion at the end of the time.
The truth is that it’s highly not likely, 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, is the overseer of such matters, and to imply that Christie could turn this around on their own steam would similarly imply that the state’s taxation board was on the take.
Moreover, it’s far from uncommon for large tax assessments to be negotiated down the line.
Though Trump and Christie exchanged lots of jabs during the Republican primary, once the New Jersey governor admitted defeat, he quickly offered support for the billionaire estate tycoon that is real. Once considered a frontrunner for the VP nod, Christie is now expected to assume a case position, should Trump overturn the current polls and win the 2016 election against Hillary Clinton.
Trump sits down today because of the FBI for his very first intelligence briefing that is classified. Christie will tag along for the meeting, as will Army that is retired Lt General Michael Flynn. Candidates at this time of a election that is presidential receiving such information to better prepare the eventual winner 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 back at Clinton and claim she’s already shown to be careless with confidential secrets, based on her behalf current FBI email server investigation, which proved she had delivered out private information, despite her many denials.
This week, Trump additionally hired two new senior campaign staffers, Stephen Bannon as main executive, and Kellyanne Conway as campaign manager. Paul Manafort retains his role as campaign chairman, at the very least for the time being, amid allegations he helped a group that is pro-russia the Ukraine route $2.2 million to DC lobbyists in 2012.
Christie Supports More Casinos
Regarding Christie, it’s quite clear he’ll be voting for Trump. He’ll additionally be voting for his state’s casino referendum to amend the brand New Jersey Constitution and authorize two land-based casinos outside of Atlantic City.
The governor recently stated during a news conference he backs North Jersey casino expansion and would campaign in support associated with the ballot question, if asked to do so.
According to the latest Fairleigh Dickinson University poll on the referendum, Christie’s position is within the minority. The most polling that is recent 58 per cent of New Jerseyans remain compared to the casino measure.
NeuroMama OTC Stock Trades Halted by SEC After $35 Billion Valuation Hits
Simply Click on NeuroMama’s investor website and you’re probably be a tad confused as to what the company is about. With graphics that are plebeian to state the least, and messages that consist of a Baja California project to 1 written in Russian Cyrillic, your website looks more like the work of the crazed ADD pre-teen than that of a supposedly high-end investment firm.
NeuroMama has been suspended by the SEC from trading its shares on the over-the-counter market after the cent stock reached an inflated valuation of $35 billion. If you can figure out such a thing on this amazing site, you are a definite whole lot smarter than we are. (Image: NeuroMama.com)
NeuroMama bills it self being a development company operating in the technology, power, and casino sectors. Certainly the corporation has grown, at least on paper.
Traded on the mostly unregulated over-the-counter (OTC) market, NeuroMama shares jumped an astounding 463 percent through the last eight months, leading to a valuation that is overall of35 billion. Which, after looking at their investor site, seemed all of the more astounding entirely.
That makes it worth significantly more than Elon Musk’s Tesla, by the way, an organization that is overhauling the industry that is automotive. But do not have fear, because NeuroMama is thinking big, so we do mean BIG.
‘ We now have aspirations, I have dreams for the children, for the remainder of our families, for the spouse’s [sic] and our life that is future and together,’ NeuroMama Chairman Steven Schwartzbard writes on the company’s investor pelican pete slot app homepage. It is pretty copy that is classic 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 organization’s valuation led the US Securities and Exchange Commission (SEC) to prevent the stock’s OTC trading. The SEC states there are ‘potentially manipulative transactions’ and cites concerns that are numerous NeuroMama.
Among NeuroMama’s many reported products are a definite search engine, social media network, e-Commerce platform, and last but maybe not minimum, ‘heavy ion fusion technology.’ The United States National Ignition Facility is still in the extensive research phase of inertial fusion power plants, but NeuroMama apparently has it all figured out.
The company states its fusion project will ‘solve energy and water problems around the global world.’ And because of its limitless power, NeuroMama is getting in on the international gambling industry scene as well.
The business states it plans to develop a casino in Ensenada, Mexico in 2017. Should all go 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 largest casino operator in Las vegas, nevada, is taking three years to build its new property in Massachusetts. It’s also worth noting the odds of anyone ever gambling at a NeuroMama casino are slim to it’s never going to happen.
If you imagine NeuroMama’s objectives might be too ambitious, Schwartzbard states not to worry.
‘Although, we’re convinced that all of our some ideas are great. However, in the event we had made some mistakes, they’ll make a switch for another basic idea, and lovers will generate income a proven way or one other,’ the chairman of the $35 billion organization declared.
Phew. So long as they don’t produce a jump into English literature, all is going smoothly.
FYI on OTC
OTC markets are predominantly for very cheap 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 a really unstaggering $4,721 in assets.
OTC markets, also referred to as ‘pink sheets,’ have become notorious to be riddled with fraud. The shares traded on these exchanges aren’t needed to meet up with the minimum that is same of the nyc Stock market or NASDAQ, and also do not have to file with the SEC.
‘Pink sheet stocks have the opportunity for real returns because they tend to be smaller cap businesses and illiquid. But you additionally have the possibility of real fraud,’ Cornell University Professor Charles Whitehead told CNNMoney. ‘There are real risks.’
We’re actually dying to know whom purchased these stocks, or the whole investor salespitch, we have been trying to unload for eons because we have some land in the Bermuda Triangle.
Arkansas Petition Could Force Constitutional Ballot on Casino Gaming
Arkansas Governor Asa Huthcinson isn’t grasped to be described as a fan of casino video gaming. (Image: Win McNamee/Getty Images)
A bid to expand casino video gaming in Arkansas could be granted on the ballot november. The Arkansas Winning Initiative (AWI), that will be behind a push to change the state constitution to authorize up to three casinos within the state, said this week it believed it had sufficient petition signatures to force a referendum.
The group was awarded a deadline that is 30-day month, having submitted 92,120 signatures to the legislature, surpassing the 84,859 needed to be eligible for a the ballot. But some of these shown to be invalid, from individuals who had signed on more than once or whom weren’t registered to vote, making the group short.
Just over 65,000 signatures through the batch that is original 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 also need to be confirmed. a ballot that is constitutional signatures from voters amounting to 10 percent associated with the total votes cast for any office of governor and half the designated portion from 15 different counties.
Spokesman for AWI Robert Coon said this that he was ‘pretty certain’ his organization had done enough to force a ballot, adding that the reception to the campaign was in fact ‘pretty positive. week’
‘Our campaign has covered significant ground in a short period of time because voters across the state understand the positive impact this proposition will have within the form of jobs, financial growth, tourism, and tax income,’ stated Coon.
‘We’re pleased with the results of the secretary of state’s validation process, and we stay confident inside our cap ability to obtain the number of signatures necessary throughout the next weeks that are several put 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 allowed to supply electronic ‘games of skill,’ which include blackjack and video clip poker and slot machines.
Arkansas voters have actually rejected several casino legalization proposals since 1994, although they did vote to approve the creation of a lottery in 2008. Meanwhile the state’s Governor Asa Hutchinson has said he could be opposed towards the plan.
The campaign proposes the creation of casinos in Boone, Miller and Washington counties. Cherokee Nation Entertainment, which operates nine casino properties in Oklahoma, including complex Rock Hotel & Casino Tulsa, has stated it will be invest into the Washington County home should voters opt to amend the constitution.
UNLV eSports Course Highlights Changing Nature of Casino Industry
Robert Rippee is planning the next day’s casino executives for the future 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 only from perspective pupils but also the casino industry as a whole.
Earlier this month, the IGI said the innovative brand new curriculum will challenge students to explore the many issues with eSports and learn and develop techniques to grow the budding market.
Favored by the generation that is millennial eSports is a as a type of multiplayer gaming competitions that has quickly attracted a large following both domestically and abroad.
The ‘League of Legends,’ ‘Dota,’ and ‘Counter-Strike: worldwide Offensive’ are just three of the many games being transformed into arena-sized tournaments with thousands of players and millions more watching.
‘eSports may be the topic that is hottest atlanta divorce attorneys board space on the Strip, particularly with regards 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 new to eSports can relate the concept towards the Global Poker League (GPL). Fueled by entrepreneur Alexandre Dreyfus, the GPL is an audience-centric poker league that plays out in front of live fans at venues around the world.