Donald Trump casinos had been very nearly $30 million behind on income tax re payments to their state of the latest Jersey while the now-GOP presidential nominee was still operating Trump Entertainment Resorts, says a new report that broke on Tuesday.
Deal or No Deal? a recent new york times 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 possible?
The nyc days says in a scathing article this week that Trump’s casinos in Atlantic City were delinquent on business alternative minimum taxes (AMT) to the tune of $8.8 million between 2002 and 2003. Nj-new jersey implemented AMT in 2002. The Times says that Trump fought the tax bill and two of their four casinos underwent bankruptcy. New Jersey pursued the money and claimed, with interest, that Trump owed $29.4 million to its coffers.
Governor Chris Christie (R) assumed his position within the Garden State in 2010. The year that is next Trump Entertainment Resorts and nj-new Jersey reportedly reached a $5 million settlement.
The instances attempts to make the instance that Christie’s relationship with The Donald is the reason the state took 17 cents on the dollar, but the news web site hasn’t produced any solid proof of such an arrangement.
‘You can’t tell whether there’s something problematic, but it is pretty striking that this one was written down so much,’ University of Pennsylvania Law School Professor David Skeel told the instances, in what amounts to opinion during the end of the day.
The reality is that it is highly not likely, if maybe not downright impossible, for one man 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 the state’s taxation board was on the take.
Moreover, it’s far from unheard of for large tax assessments to be negotiated down the line.
Though Trump and Christie exchanged plenty of jabs during the Republican primary, when the New Jersey governor admitted beat, he quickly offered help for the billionaire estate tycoon that is real. Once considered a frontrunner for the VP nod, Christie is now expected to assume a cabinet position, should Trump overturn the polls that are current win the 2016 election against Hillary Clinton.
Trump sits down today because of the FBI for their very first intelligence briefing that is classified. Christie will tag along for the meeting, as will Army that is retired Lt General Michael Flynn. Prospects at this point of a 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 shown to be careless with confidential secrets, based on her recent FBI email server investigation, which proved she had delivered out private information, despite her many denials.
This week, Trump also 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 the very least for the time being, amid allegations which he helped a group that is pro-russia the Ukraine route $2.2 million to DC lobbyists in 2012.
Christie Supports More Gambling Enterprises
Regarding Christie, it’s quite clear he’ll be voting for Trump. He’ll be voting for his state’s casino referendum to amend the New Jersey Constitution and authorize two casinos that are land-based of Atlantic City.
The governor recently stated during a news conference that he backs North Jersey casino expansion and would campaign in help associated with ballot question, if asked to do this.
According to the latest Fairleigh Dickinson University poll on the referendum, Christie’s position is in the minority. The most recent polling shows 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 also you’re apt to 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, the site looks more like the work of a 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 market that is over-the-counter the cent stock reached an inflated valuation of $35 billion. If you can determine any such thing on this amazing site, you certainly are a whole lot smarter than we have been. (Image: NeuroMama.com)
NeuroMama bills it self being a growth company running within the technology, energy, and casino sectors. Indeed the corporation has grown, at the very least on paper.
Traded on the mostly unregulated over-the-counter (OTC) market, NeuroMama shares jumped an astounding 463 percent during the final eight months, causing a general valuation of $35 billion. Which, after evaluating their investor site, seemed most of the more astounding entirely.
That produces it worth more than Elon Musk’s Tesla, in addition, a company that is overhauling the automotive industry. But haven’t any fear, because NeuroMama is thinking big, and we do mean BIG.
‘ We now have dreams, I have dreams for the young ones, for the sleep of our families, for our wife’s [sic] and our future life and retirement together,’ NeuroMama Chairman Steven Schwartzbard writes on the business’s investor homepage. It’s pretty copy that is classic anybody who’s ever watched an episode of ‘American Greed’ and how it targets investors.
With no filings that are financial no income to speak of, the business’s valuation led the US Securities and Exchange Commission (SEC) to prevent the stock’s OTC trading. The SEC says there are ‘potentially manipulative transactions’ and cites concerns that are numerous NeuroMama.
Among NeuroMama’s numerous claimed products are really a search engine, social media marketing network, e-Commerce platform, and last but not least, ‘heavy ion fusion technology.’ The united states of america National Ignition Facility is still into the extensive research phase of inertial fusion power plants, but NeuroMama apparently has it all identified.
The company states its fusion project will ‘solve energy and water problems round the global globe.’ And as a result of its unlimited power, NeuroMama is getting in on the international gambling industry scene as well.
The company 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 2 yrs. Steve Wynn must be gasping for atmosphere.
It’s worth noting that MGM Resorts, the largest casino operator in Las vegas, nevada, is taking 36 months to create its new home in Massachusetts. It’s also worth noting the odds of anyone ever gambling at a NeuroMama casino are slim to it’s never likely to happen.
If you imagine NeuroMama’s goals might be too ambitious, Schwartzbard claims not to worry.
‘Although, we are convinced that all of our ideas are great. However, in the event we had made some errors, they’ll create a switch for another idea, and partners will earn money one of the ways or the other,’ the chairman of the $35 billion organization declared.
Phew. As long as they do not produce a jump into English literature, all is going smoothly.
FYI on OTC
OTC areas are predominantly for very cheap stocks, but NeuroMama stocks have gone from about $10 in .
Great news for investors, right? Wrong.
The problem for shareholders 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 whenever it did, NeuroMama listed an extremely unstaggering $4,721 in assets.
OTC markets, additionally known as ‘pink sheets,’ are becoming notorious to be riddled with fraud. The shares traded on these exchanges aren’t required to meet the minimum that is same of the New York Stock market or NASDAQ, and in addition don’t need certainly to file with the SEC.
‘Pink sheet stocks get the chance 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 understand who bought these shares, 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 considered 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 gambling enterprises into the state, said this week it believed it had sufficient petition signatures to force a referendum.
The team was issued a 30-day deadline last thirty days, 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 individuals who had signed on more than once or whom are not registered to vote, leaving the combined group myfreepokies.com short.
Simply over 65,000 signatures from the batch that is original been verified by the secretary of state’s office thus far, while AWI said this week that they had gathered around 50,000 more, which will also should be verified. a ballot that is constitutional signatures from voters amounting to ten percent associated with the total votes cast for any office of governor and half the designated percentage from 15 different counties.
Spokesman for AWI Robert Coon said this week he ended up being ‘pretty certain’ his company had done sufficient to force a ballot, adding that the reception to the campaign have been ‘pretty positive.’
‘Our campaign has covered significant ground in a short time frame because voters across the state understand the positive impact this proposition will have within the form of jobs, economic development, tourism, and income tax revenue,’ stated Coon.
‘We’re pleased with the outcome of the secretary of state’s validation procedure, and we remain confident in our ability to search for the number of signatures necessary on the next many weeks to spot this amendment on the ballot this November.’
Strict Gambling Laws
The state does permit parimutuel betting on horse and dog races at two licensed tracks while casino gambling is strictly prohibited in Arkansas. These tracks are also permitted to offer electronic ‘games of skill,’ including blackjack and video clip poker and slot devices.
Arkansas voters have refused casino that is several proposals since 1994, although they did vote to approve the creation of a lottery in 2008. Meanwhile their 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 country Entertainment, which operates nine casino properties in Oklahoma, including tricky Rock Hotel & Casino Tulsa, has stated it might be invest within the Washington County property should voters choose to amend the constitution.
UNLV eSports Course Highlights nature that is changing of Industry
Robert Rippee is preparing the next day’s casino executives for future years of video gaming by offering a UNLV eSports course this fall through the International Gaming Institute. (Image: unlv.edu)
The UNLV eSports course recently announced by the university’s International Gaming Institute (IGI) is attracting lots of attention perhaps not just from perspective students 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 issues with eSports and discover and develop ways to grow the market that is budding.
Favored by the generation that is millennial eSports is really a as a type of multiplayer gaming competitions who 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 changed into arena-sized tournaments with thousands of players and millions more observing.
‘eSports may be the topic that is hottest in most board room on the Strip, particularly with regards to Millennials,’ UNLV eSports Lab Director Robert Rippee said in a declaration. ‘ What better place to begin 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 side of live fans at venues around the planet.