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Nj Pol: Don't Let Caesars Buy Revel Casino

USA TODAY An Obamacare initiative to motivate hospitals and doctors to work together on Medicare patient care led to $380 million in savings. CNBC The company that Angelina Jolie Pitt made famous was a great stock before she brought attention to it, and its still a great stock now. MarketWatch CNBC's Eamon Javers provides a tour of "Window Wonder," while Morgan Brennan shows off the "Brick Behemoth". Super broker Dolly Lenz shares her pick of the best $1 million value. CNBC Visa Inc. (V) Chief Executive Officer Charlie Scharf said hes more confident in traditional payment networks than in virtual currencies like Bitcoin. There are certainly some interesting things about ... Bloomberg WASHINGTON (AP) The U.S. economy grew at a 3.2 percent annual rate in the October-December quarter on the strength of the strongest consumer spending in three years, an encouraging sign for 2014.
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Gambling website had ties to Roanoke

Overall, casino revenue was $821 million last year. The state had anticipated revenue of $886 million, said Fred Church, deputy director at the states Office of Budget and Management. We dont have a lot of history to go on, he said about making predictions. Church said revenue was likely off for a variety of reasons, including consumers being more cautious with their discretionary spending and competition from the slots-like video lottery terminals at horse tracks. The $821 million also is significantly less than the $1.9 billion that state tax officials had projected years earlier during the election campaign to allow gambling in Ohio. Casino tax revenue might dip even more. The extreme cold this month is expected to affect revenue negatively. Also, two new competitors Hard Rock Rocksino Northfield Park in Northfield and Miami Valley Gaming in Lebanon opened last month. Summit County Finance and Budget Director Brian Nelsen said the county is being conservative when predicting its share of casino taxes, which are projected to be about $3.3 million for 2014. Hes concerned that the racinos are eating away at casino revenue.
For the original version including any supplementary images or video, visit http://www.ohio.com/news/local/ohio-collecting-less-in-casino-taxes-1.463001

Ohio collecting less in casino taxes

casinotax31cut The American Gaming Association said Americans spent nearly $3 billion in 2012 on illegal, unregulated offshore gaming sites about 10 percent of global spending on such activity. Anti-gambling laws and prosecutions by federal authorities have created a huge black market for online gambling, according to the association, which recently called on Congress to relax industry restrictions and instead turn to rigorous regulation. The U.S. government maintains that gambling is illegal except where authorized by the states. Federal prosecutors have charged multiple people in connection with online gambling activities and announced convictions in a number of cases. In the Roanoke case, a local restaurant owner teamed with a programmer in Central America to establish a web-based gambling franchise that took bets and declared winners and losers for three and a half years before closing in April 2013, according to court papers. Max Alexander Krinberg, a 42-year-old programmer in San Jose, Costa Rica, who specialized in building sports-betting websites, pleaded guilty Wednesday to the federal felony offense of running a gambling business that violated a state law, in this case Virginia law. Authorities said Krinberg built and ran the website, while George Raymond Frederick of the Greensboro, N.C., area, who pleaded guilty also, belonged to a group of bookmakers in Virginia, North Carolina, South Carolina, Florida, Texas and Massachusetts dubbed the Roanoke Sports Book Organization who managed bettors. Prosecutors will recommend Krinberg and Frederick each receive a sentence of probation but forfeit cash: $100,000 by Krinberg and $43,000 by Frederick, according to court papers. Both men verified a seven-page summary of the evidence against them attached to their pleas, which explains that the organization paid Krinberg $22,000 a year and 10 percent of losing bets for the site.
For the original version including any supplementary images or video, visit http://www.roanoke.com/news/crime/roanoke/article_da642906-8a13-11e3-bb0b-0017a43b2370.html

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