Lottery Fraud Investigation Goes Nationwide

Lottery Fraud Investigation Goes Nationwide

Ex-lottery official Eddie Tipton, who’s suspected of repairing lottery draws in at the very least four more states beyond the fraud perpetrated in Iowa.

A probe into lottery repairing in the US escalated this week as authorities expanded their research nationwide, fearing that an ex-lottery worker convicted of fixing the Iowa draw may have pulled the trick all in the united states.

Eddie Tipton, 52, the former manager of data security at the Multi-State Lottery Corporation, was sentenced to a decade in prison in September for rigging the Iowa Hot Lotto game in an attempt to claim a $14 million prize.

Prosecutors successfully argued that Tipton installed a self-destructing hack program to make certain the random number generator used in the draw on December 29, 2010 picked his numbers.

He additionally tampered with surveillance cameras so his installing the software could not be detected.

Anonymous Claimant

An effort was initially made to claim the prize by way of a Canadian man called Philip Johnson, who stated he had been too sick to collect the money in person, however the claim had been refused because Johnson was unable to verify he had been the owner of the solution.

Johnson phoned days that are again several stating that the ticket was, in reality, owned by the individual who wanted to remain anonymous. The Iowa lottery once again turned down the claim regarding the grounds that the rules forbade anonymous payouts.

Subsequent attempts to collect the cash via a lawyer were also obstructed by the Iowa that is now-suspicious lottery.

In 2014, authorities released surveillance footage of a man purchasing the ticket from a Des Moines convenience story, later identified as Eddie Tipton october.

New Charges

But now Tipton is suspected of operating the scam in at least four other states. It’s emerged that on November 23, 2005, Tipton’s brother won $568,990 playing the Colorado Lottery and that Tipton himself was among those who built Colorado’s random number generator.

Then, in 2007, an associate of Tipton’s won $783,257 on Wisconsin lottery. Tipton can also be suspected of tampering with the Oklahoma lottery results.

Charges put into record on Monday allege that Tipton bought two winning tickets regarding the Kansas lottery’s ‘2by2’ game while travelling through the state for a business trip in December 2010, collecting $44,000.

Lottery authorities said they expect to uncover more incidents that are suspicious to Tipton as the net widens.

Sepp Blatter and Michel Platini Banned From Soccer for Eight Years by FIFA

Sepp Blatter is battered and bruised, physically and emotionally, but the longtime FIFA president isn’t accepting a ban that is eight-year another fight. (Image: dailyrecord.co.uk)

79-year-old Sepp Blatter happens to be the President of FIFA since 1998 and an official with soccer’s governing body since 1981, but on Monday the outspoken and vigorous leader accused of assisting bribes and cash laundering ended up being handed an eight-year ban through the association’s independent Ethics Committee.

Union of European Football Associations (UEFA) President Michel Platini, whom serves as FIFA’s Executive Committee vice-president, was also the receiver of an eight-year suspension.

The committee that is investigating Blatter offered Platini with $2 million last year for undisclosed services.

Both suspensions mandate Blatter and Platini cease from ‘all football-related activities (administrative, activities or any other) for a national and level that is international’ the adjudicatory chamber of the Ethics Committee said in a press release. ‘The bans come into force immediately.’

$2 Million, No Strings Attached

Soccer (or futbol, depending on your locale) could be the world’s most popular sport. FIFA is the overall game’s most powerful and important organization, which is why its 2015 corruption scandal is really so significant.

Accountable for the World Cup and Women’s World Cup, FIFA created $5.7 billion in revenues between 2011 and 2015, with 72 percent of the monies stemming from television broadcast rights and marketing contracts.

Just What you won’t find on FIFA’s spreadsheets or earnings statements is a CHF 2,000,000 (approximately $2 million) transfer between Blatter and Platini in February 2011.

Throughout the Ethics Committee’s research, Blatter testified that the exchange was part of a ‘gentleman’s agreement’ between FIFA and Platini.

‘Therefore, the two million Swiss francs paid to Platini experienced the Finance Committee, the Executive Committee, and was done in good terms,’ Blatter stated Monday. ‘This is a donation. This can be a gift.’

The Ethics Committee don’t accept Blatter’s explanation. ‘Mr. Blatter violated his fiduciary responsibility to FIFA… Mr. Blatter’s actions would not show commitment to an attitude that is ethical failing to respect all applicable legal guidelines also FIFA’s regulatory framework … and demonstrating an abusive execution of their position.’

House of Cards

The United States has indicted 25 FIFA officials on various corruption costs racketeering that is including wire fraud, and money laundering conspiracies. One more 12 have pled guilty.

US Attorney General Loretta Lynch said in May that corruption inside FIFA is ‘rampant, systemic, and deep-rooted.’ According to indictments, FIFA professionals accepted an incredible number of dollars in bribes and kickbacks for coordinating hosting rights and advertising sponsorships among various events.

Domestic banks headquartered inside the United States were commonly used to facilitate such payments. That allows Lynch’s Department of Justice to intervene.

Blatter plans to appeal the sentencing with FIFA’s Appeal Committee. ‘I will fight for me personally and I also will fight for FIFA. Suspended eight years for exactly what?’ Blatter asked.

It seems FIFA is ready to move on and end the Blatter era.

Acting FIFA President Issa Hayatou wrote this week, ‘This year while the immediate years to come will be being among the most very important to FIFA since it had been founded in 1904.

A brand new FIFA President is elected at the Congress in February, offering the chance to start a new chapter.’

Packer Resignation from Crown Board Invites Takeover Speculation

James Packer, who resigned from the board of Crown Resorts this week speculation that is fueling financial analysts. (Image: jewishbusinessnews.com)

Australian billionaire James Packer has stepped down as director of Crown Resorts, fueling conjecture that he’s about to just take the organization private.

The news, which came just four months after he surprised many by resigning as business chairman in order to ‘spend additional time along with his kids,’ saw shares in Crown Resorts jump by 5.7 %.

Packer owns 53 per cent of Crown, which is valued at around AUD$9 billion (US$6.5 billion), through is family members business CPH (Consolidated Press Holdings).

Analysts believe that the casino mogul might limbering up for a takeover of Crown by CPH and his resignation from the board would remove any conflict of interest in this event.

Crown ‘Biggest Priority’

‘we have taken this decision over several months following the smooth change by Rob Rankin to the company chairman’s role and the stable and cohesive functioning of the board and the senior management group during the period that we have transitioned overseas,’ stated Packer in an official statement this week.

‘Now is the right time for me personally to focus my endeavors on my new role with Crown, when I outlined to shareholders when I stepped aside as chairman in August. We plan to devote my energies to number of key development tasks in Sydney, Melbourne and Las Vegas, in addition to Crown’s online platforms.’

‘Of program, I remain incredibly passionate about Crown and its world-class resort business that is integrated. Crown is my biggest priority that is professional represents the vast majority of my web wealth.’

Dwindling Earnings

Packer took over the grouped family business from his father, the media mogul Kerry Packer, whom died almost exactly a ten years ago.

Packer junior moved the core focus of the business away from media, building Crown into one of the world’s gaming that is largest and activity groups.

He shall remain as co-chairman of Melco Crown Entertainment and of Alon in Las Vegas.

Through Melco Crown, Packer has passions in Macau and the Philippines, including the newly exposed $4.5 billion built-in casino resort on the Cotai Strip, Studio City.

Alon, meanwhile, represents Packer’s first foray into Las Vegas, if you exclude their condemned 2008 investment in Fontainebleau Resorts.

The Alon project is being built on the pocket of land on which the New Frontier Hotel and Casino once stood and it is planned to start in 2018.

In August dwindling revenues in Macau suggested that Crown reported financial results well below forecasts, with normalized net profits falling by 17 percent to $525 million for the period. Despite this, Packer said he remained upbeat about Macau’s prospects.

New York State Expands Gambling by Issuing Three casino that is commercial

The Montreign Resort into the Catskills is moving forward after the planned $1.25 billion complex received its gambling that is commercial license Monday from this new York State Gaming Commission. (Image: montreign.com)

New York is joining its neighbors New Jersey, Pennsylvania, Delaware, and Massachusetts in getting into the commercial gambling business.

On Monday, the New York State Gaming Commission unanimously approved three licenses to upstate that is proposed in Sullivan, Schenectady, and Seneca Counties in order to create new jobs and profits to local governments and school districts.

The combined capital investment may well be more than $1.3 billion, therefore the sites are anticipated to create over 3,600 jobs that are permanent $212 million in annual profits for education programs.

‘New York State will realize the economic soon benefits of resort gaming destinations,’ Gaming Commission Executive Director Robert Williams said. ‘These projects will create a large number of jobs, bring much-needed development that is economic long-stressed communities and drive revenue to guide schools and local governments, with zero taxpayer dollars.’

The three destinations that are awarded:

Montreign Resort Casino in Sullivan County (Empire Resorts), a $1.25 billion 18-story entertainment location that will feature 325,000 square foot of gaming space, 332 luxury hotel rooms, an 18-hole greens, and more.

Lago Resort & Casino in Seneca County (Boyd Gaming), a $425 million 205-room resort with 2,000 slots and 100 tables, plus a 10,000 spa that is square-foot.

Rivers Casino & Resort in Schenectady County (Rush Street Gaming), a $320 million investment that features a 51,000 square-foot gaming floor and 150-room resort.

Too Close for Comfort?

The recipients of the three casino licenses might be the first to receive commercial permits, but that does not mean they’ll certainly be alone in offering gaming to the population that is dense of Northeast.

New York currently has nine racetrack casinos (‘racinos’) that provide slots and electronic variations of popular dining table games. The state can also be home to 11 native casinos that are american.

The Gaming Commission and commercial operators believe building more impressive resorts upstate will entice some for the 50 million tourists that visit New york each year towards the attractions that are regional.

The gambling market has unquestionably become saturated over the last few years as neighboring states are also rushing to stop gaming dollars from leaving their borders.

Atlantic City has been the biggest victim of this trend as residents in Pennsylvania and Maryland no further need to travel hours to the beachfront town to play live table games.

The Lago Resort might be smart to be most worried about nearby competition. The Finger Lakes facility will be built just 90 miles from the Turning Stone Resort that is popular Casino.

Fantasy Land

Skeptics associated with the land-based commercial gambling expansion aren’t sold that allowing extra video gaming venues will lead to a ciphering of revenues from nearby states.

New York currently is the beneficiary of a $9 billion state-run lottery, the wealthiest in the entire nation. The brand New York Lottery’s sole mission is to earn revenue for education.

If a $9 billion market does not suffice, will the projected $212 million annual gambling that is commercial really make that much of an impact?

Some believe there’s also a hypocrisy going on in Albany.

James Surowiecki, a journalist whom covers economics and company for the New Yorker, recently opined that legalizing daily fantasy sports operators DraftKings and FanDuel in place of banning them, as New York Attorney General Eric Schneiderman did this thirty days, would be similarly beneficial.

‘He (Schneiderman) argued that a lot of participants end up losing money, and advertised, on the basis of bit more than anecdotes, that more and more users of these sites are becoming gambling addicts.

Yet the forms of gambling that New York tolerates and encourages (which also consist of the racetracks owned by their state) raise all of the issues that are same’ Surowiecki said.

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