ï»¿Help Grows for Canadian Sports Betting Bill

The bill to legalize single sports gambling in Canada may look tired and defeated at this time, but the support for the Bill C-290 is still seeing development throughout the country once the Windsor-Essex Regional Chamber of Commerce has now voiced their complete support in support of the legislation. They join number of other chambers in Quebec and Atlantic Canada who are also showing their support for the changes to be produced.

The chambers have now grouped together to send a joint letter in help of the bill, which is aimed at changing the language and provisions associated with the Criminal Code currently in place so that any wagering would now be appropriate on races, fights or even a solitary sports event or contest that is athletic. Then Canada ‘s individual provinces would be able to make their own decisions about the legality of wagering on single sports events if the Senate were to approve the supported bill.

Show Me the Cash

Those to get the bill argue that legalization could contribute hugely to the neighborhood economies of the provinces of Canada, and would create more employment, more money, and taxes that would be earned through the revenues that are betting. In addition, they state that legalizing activities betting would help prevent Canadian residents from placing wagers with offshore and underground betting operations.

Nevertheless, strong supporter of the bill, Senator Bob Runciman, admitted recently that the strong opposition in the Senate gives him reason to think that the bill will be unsuccessful, despite support from all events in the House of Commons.

Yet this hasn’t wavered those pressing for the bill to be passed away as ‘the chamber coalition supporting the Bill C-290 continues to grow over the country,’ explained the Windsor-Essex chamber ceo Matt Marchand to CTV Windsor, adding that two-thirds of taxpayers in Canada are in support of legalized activities betting, according to a poll that is recent Ipsos Reid.

‘In an era where governments are clamping down on tax evaders and cheats it would seem a no-brainer that to move forward to legalize this type of betting could be a win-win for the gaming that is canadian, and for the Canadian taxpayer,’ explained Pierre Cadieux, Atlantic chamber president.

This type of hot subject as legalizing sports wagering will usually create a wall between differing opinions as rarely is there a middle ground to stand in. But as support for the bill grows, the Senate will at the least have no choice but to listen to the voices of both the supporting chambers, and the public that are reportedly in favor regarding the modification.

Las vegas, nevada Sands Breaks Ties with PriceWaterhouseCoopers

After dissatisfaction as well as an feeling that is uneasy the nevada Sands Corporation’s ongoing legal issues, PricerwaterhouseCoopers has resigned once the official auditor of the casino empire, ending a partnership which spanned 25 years into the industry.

No Reason Given

The Wall Street Journal reports that PricewaterhouseCoopers recorded no official reason for cutting ties with its long-standing partner in its Securities and Exchange Commission filing, but people familiar with the issue offered the impression that PricewaterhouseCoopers was no more able to take the demands and challenging demeanor of Sheldon Adelson, Sands CEO, which triggered the deterioration for the relationship between the two organizations.

The current legal issues surrounding Las Vegas Sands Corp., including a U.S. investigation that is federal possible violations of money laundering and bribery laws, might also have been an integral problem within the decision of PricewaterhouseCoopers to break ties. The disclosure that is recent nevada Sands Corp.’s audit committee that violations of books, records and interior control provisions were most likely, would have also impacted the firm’s decision to resign from its position as formal auditor to the company.

‘These are relationships that evolve over time,’ explained Ron Reese, spokesman for Las Vegas Sands Corp. ‘In business, these kinds of situations certainly are a fact of life,’ he added.

Hong Kong Says ‘So Long’ Too

But the decision isn’t geographically limited, as PricewaterhouseCoopers Hong Kong has also made a decision to cut ties with Sands Asia as its official auditor in a regulatory filing to the Hong Kong Stock Exchange, stating so it could be impractical to continue acting as auditor to the company after its moms and dad business’s choice to end Las Vegas Sands Corp to its partnership.

PricewaterhouseCoopers has informed Las Vegas Sands Corporation as it moves forward that they will not be seeking any future partnerships with the firm, and the gaming conglomerate is now itself looking for a new auditor to build a business relationship with.

As the two companies each benefited from their long-term partnership over time, it does appear that like many relationships, this has simply run its course and at least one of the two organizations are best off going their split ways, seeking out brand new and much more fruitful relationships that are better matched to them.

Alleged Illegal Poker Ring Connections Dash Marc Lasry’s Embassy Hopes

Marc Lasry, founder associated with the investment firm Avenue Capital, was in fact considered a contender to become the next U.S. ambassador to France, but has withdrawn his name from the running after revelations of his connections to a so-called unlawful poker ring run by Russian mobsters.

The ny Post states that Lasry, a Wall Street billionaire, has connections to lots of individuals who were indicted recently by the Department of Justice during a bust on an alleged unlawful credit betting business, including an in depth friendship with Illya Trincher, who is been accused of heading the $100 million illegal betting and operation that is money-laundering.

Significant Indictments

Trincher was simply one of 30 individuals who had been indicted by the U.S. Attorney for the Southern District of New York following charges of money-laundering, running an illegal sports operation that is betting racketeering and extortion, and ended up being on the list along side well-known Russian mobster Alimzhan ‘Taiwanchik’ Tokhtakhounov, art dealer Hillel ‘Helly’ Nahmad and ‘Poker Princess’ Molly Bloom.

Lasry’s company Avenue Capital is pointing the press in a different direction, stating to the latest York Post that ‘Marc withdrew he would have had to divest himself of his Avenue Capital business holdings. since it was becoming difficult to receive a waiver of the ‘key guy’ provision from Avenue Capital’s investors, and’

‘we am extremely grateful to possess been considered, but we would like to place the speculation to sleep and tell you that I will be staying at Avenue,’ stated Lasry in a statement to dispel the rumors.

Suggesting that this might be just an effort to move the reasoning from the current revelations of his connections to the illegal gambling racket, sources also told the brand new York Post which he withdrew his name from the running after an FBI background check was carried that revealed his love for high-stakes poker games.

Whether real or maybe not, bad press is never something that the high-powered billionaire businessman wishes, and certainly not one that is dipping his feet into the political ocean. And while the case continues through the courts, he may further regret some of these shady characters to his involvement.

‘All In for Hope’ Celeb Poker Tourney to Benefit Cancer Patients

City of Hope, A los angeles cancer research hospital and therapy facility, has announced a royal vegas contact celebrity that is upcoming tournament that will raise money for its foundation, funds from which help treat cancer sufferers.

The ‘All In For Hope’ Celebrity Poker Tournament kicks off on May 31^st and you will be hosted by City of Hope at the Creative Artists Agency in L.A. City of Hope is a nationwide Cancer Institute-designated Comprehensive Cancer Center, and a founding person in the nationwide Comprehensive Cancer Network, therefore the tournament is set to increase cash for the truly great cause, near to the hearts of several.

Having a buy-in of $500 and unlimited rebuys set at $250 during initial hour of the overall game, the ‘All In For Hope’ Celebrity Poker Tournament should raise a large amount to go towards funding the cancer tumors patients and their medical needs.

Final Table Will be Watched

Every player whom reaches the last table associated with event, aside from the beginning champion and runner-up, will receive the gift of time within the kind of a watch donated by TW metal, plus the tournament may also feature auctions for awards, such as for instance tickets to a meet-and-greet with comedian Ray Romano, also as San Francisco’s Outside Lands Music and Arts Festival, trips to Cabo, as well as other great prizes, along with proceeds going towards the main cause.

The prize that is grand this celeb event is a guaranteed seat at the 2013 World Series of Poker’s Main Event in Las Vegas, because well as luxury accommodations, so the tournament will certainly have the players gaining their most serious poker faces and getting down to business to win their way to Vegas; 2006 World Series of poker Main Event champion Jamie Gold is already confirmed on the guest list.

The 2013 Spirit of lifestyle Award honoree, Rob Light, will likely be hosting the big event, which is likewise attended by actors Tony Danza and Joe Mangariella, and actresses Mimi Rogers ( most well-known for being Tom Cruise’s first ex-wife) and Camryn Manheim.