Lindsey Graham for President? The web gambling opponent has formed a committee that will gauge 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 possibilities 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 I’m looking at is, is there a pathway ahead on the floor in Iowa and New Hampshire for a guy like me? I have no idea until I look,’ said Graham.
Graham’s RAWA bill, if passed, would effortlessly ban all forms of online gambling at a level that is federal aside from horse racing wagering and dream sports. No exemptions will be made for the states that have legalized and controlled Internet gaming within their borders, making its passage seem like a long shot at most useful.
And Graham just isn’t the opponent that is only of gambling with his eyes in the candidacy. Previous New York Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to avoid Internet Gambling, announced earlier in the day this that he is ‘seriously considering’ a run month.
Backed by Adelson
Both guys may be emboldened by the possibility of backing and campaign contributions from Adelson, who has donated over $100 million to Republican causes over the years.
In 2011, the LVS chairman and his spouse Miriam Ochsorn donated $15 million towards the pro-Gingrich action that is political ‘Winning Our Future,’ while Mitt Romney was the recipient (to no avail, of course) of Adelson’s support in 2012, towards the tune of $30 million. Romney has said he will not seek a 2016 presidential campaign spot this round that is go.
Graham, meanwhile, had shown little interest in the on line gambling question until 2013, when Adelson and Ochsorn cut $15,600 in checks for his campaign for reelection to Congress. Graham can also be known to have attended a party that is fundraising Adelson’s house.
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 banned in the usa. The briefing that is private members of the home Judiciary Committee, which includes Chaffetz, was described by sources as both a strategy meeting plus an update.
RAWA on the Rise
As of 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 effortlessly opened the home for state-by-state regulation. Lynch nicely sidestepped issue.
Both Graham and Chaffetz have returned to the newest session of Congress with more political money than they held year that is last. 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 whom counts Senator John McCain as one of his closest allies. Announcing his intention to run, he cited the battle against Islamic extremism as his top priority.
He joins a list of more than 15 Republicans who are 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 within the Garden State, has also been linked with a push for the GOP candidacy.
Paul Phua has Sports Betting Conviction in Malaysia
Paul Phua had been arrested in Malaysia for his role in a soccer ring that is betting in 2004, says the united states’s press. Meanwhile, he awaits test in the United States having been arrested at Caesars Palace in June. (image: cardplayer.com)
Paul Phua, the high-stakes poker player who’s trial that is standing the US accused of masterminding a global Cup betting operation from Caesars Palace, has a conviction in Malaysia for the same offense, it has emerged.
Malaysian media reported this week that Phua was arrested in 2004 for his participation in a betting ring centered on the European Champion soccer tournament of that year.
In line with the Malaysiakini magazine, Phua received a large fine and left the national country for Vietnam soon a short while later, allegedly to escape those who have been owed money after the operation was busted.
He ended up being banned from entering Malaysia, where on line gambling was strictly prohibited through the soccer World Cup in 2008.
The Phua situation has received large amount of publicity in Malaysia, mainly due to those things of country’s Residence Affairs Minister, Ahmad Zahid Hamidi.
In December Zahid wrote to Deputy Director for the FBI Mark Giuliano to refute allegations that Phua was a person in the 14K Triads, regardless of the FBI having been informed of his connections to the notorious organized crime team by Malaysian police in 2008.
In the letter, which ended up being later on submitted as a court document by Phua’s defense team, Zahid stated that Phua had, in the past, assisted the Government of Malaysia on ‘projects affecting our national security,’ and as such the government was ‘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 ended up being arrested with eight other people, including their son Darren and fellow high-stakes player Richard Wong, in June after an FBI procedure on three of Caesars’ luxury villas unearthed the thing that was described as ‘an illegal cable room,’ the hub of the multi-million-dollar internet Cup betting operation.
Investigators switched off internet access to the rooms and posed as technical repairmen in order to gain access to the villas and gather evidence.
The defense team has asked that this evidence is struck through the record as they believe it ended up being obtained illegally and with no search warrant, and therefore violates the defendants’ Fourth Amendment rights.
Macau Bribe Allegation
Five of Phua’s associates plead guilty and had been sentenced to unsupervised probation and fines, while Paul and Darren Phua keep their innocence.
Just weeks before they were arrested in Las Vegas Phua was certainly one of 22 people arrested in Macau in exactly what authorities there called the biggest illegal recreations bust that is betting record.
Prosecutors in the US believe that Phua bribed regional police in order to secure his release, enabling him to fly to Las Vegas to carry on operations once the 2014 World Cup, the largest sports betting event ever sold, gathered momentum.
The test is currently delayed while the judge assesses whether evidence collected during the FBI’s covert surveillance operation is admissible in court.
Las Vegas, Nevada Sands Corp Reports Record Income
The cat that got the cream: Sheldon Adelson’s LVS reports record revenues despite the monetary lull in Macau. (Image: telegraph.co.uk)
Las Vegas Sands Corp (LVS) reported a record of net revenue this week year.
Despite falling earnings in Macau since the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold financial damage to the company’s systems; and despite unsteady share costs in the second section of the year, Sheldon Adelson’s casino giant is rude health.
LVS stated that its net revenue increased by 6 percent on final 12 months to unprecedented high of $14.58 billion.
Contrast 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 invest in Macau whenever the spot launched itself up to international operators, and also this is where the earnings are coming from, despite the softening of the area’s video gaming market.
‘ The new Macau is a 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 were lower, year on year, due largely to Macau poorer performance into the part that is latter of year. LVS, which has four casinos in Macau, stated the Sands China company reported a 16 per cent decline in net revenue to $2.12 billion, and the Venetian Macao saw revenue that is net by 23 per cent to $880.3 million, but this had been offset by lower operating expenses, the business said.
Turnover from Macau still dwarfs the revenue of LVS Vegas’ properties, nonetheless, which took a combined 362 million in Q4. Total operating expenses across all properties were down 14 percent to $2.39 billion.
‘The wise handling of our income, including the capability to increase the return of capital to investors while keeping a strong stability sheet and ample liquidity to buy future growth opportunities, remains a cornerstone of our strategy,’ stated Adelson. ‘We remain focused on the constant execution of our global development strategy, which leverages the power of our unique convention-based incorporated Resort enterprize model.’
This comes as Adelson seeks to redouble their efforts to stamp out online gaming in the usa. Sources say that Adelson recently met with Republican users of the home Judiciary Committee so as to discuss pushing the problem through during the new session that is legislative.
Adelson has vowed to invest ‘whatever it takes’ to rid the world of online gaming.