Lindsey Graham for President? The internet gambling opponent has formed a committee that will gauge whether a 2016 GOP run that is presidential 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 during the presidency.
Graham this week established a committee known as ‘Security Through Strength’ that will explore whether a bid for the GOP nomination that is presidential viable.
‘What I’m looking at is, is here a pathway forward on the floor in Iowa and New Hampshire for the man like me? I don’t know until We look,’ said Graham.
Graham’s RAWA bill, if passed, would effortlessly ban all forms of online gambling at a level that is federal apart from horse race wagering and fantasy sports. No exemptions will be created for the states that have already legalized and regulated Internet gaming within their borders, making its passage seem like a long shot at most useful.
And Graham is not the only opponent of online gambling with his eyes in the candidacy. Former ny Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to cease Web Gambling, announced previously this month that he’s ‘seriously considering’ a run.
Backed by Adelson
Both males may be emboldened by the chance of backing and campaign efforts from Adelson, who may have donated over $100 million to causes that are republican the years.
In 2011, the LVS chairman and his spouse Miriam Ochsorn donated $15 million towards the pro-Gingrich political action committee ‘Winning Our Future,’ while Mitt Romney was the recipient (to no avail, of course) of Adelson’s support in 2012, to your tune of $30 million. Romney has said he will not seek a 2016 presidential campaign spot this go round.
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 be known to have attended a party that is fundraising Adelson’s house.
Meanwhile, a report from townhall.com suggests Adelson recently came across with a band of Republican lawmakers on Capitol Hill to renew his efforts to have online gambling prohibited in the US. The personal briefing with members of your home Judiciary Committee, which includes Chaffetz, was described by sources as both a strategy conference as well as an update.
RAWA on the Rise
As of this week’s confirmation hearing for Loretta Lynch, Graham quizzed the Attorney General candidate on her feelings toward online gambling, and in specific the DoJ’s 2011 opinion that is legal the Wire Act, which effortlessly launched the home for state-by-state regulation. Lynch nicely sidestepped the question.
Both Graham and Chaffetz have actually returned to the brand new session of Congress with an increase of political money than they held year that is last. Graham is now a known member of the Republican majority and Chaffetz was recently made chairman of the Government Oversight and Reform Committee.
Graham is a foreign policy hawk whom matters Senator John McCain as one of their closest allies. Announcing their intention to run, he cited the battle against Islamic extremism as his top concern.
He joins a summary of more than 15 Republicans who’re considering operating for president, including A bush that is third dynasty in former Florida governor, Jeb Bush. Meanwhile, brand New Jersey Governor Chris Christie, under whose administration online gambling has been legalized into the Garden State, in addition has 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 gambling ring back in 2004, states 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 standing test in the US accused of masterminding a global Cup gambling operation from Caesars Palace, has a conviction in Malaysia for exactly the same offense, it has emerged.
Malaysian media reported this week that Phua ended up being arrested in 2004 for his involvement in a betting ring centered on the European Champion soccer competition of the year.
In line with the Malaysiakini newsprint play titanic slot machine online, Phua received a sizable fine and left the country for Vietnam shortly afterward, allegedly to escape those who had been owed money after the operation was busted.
He was banned from entering Malaysia, where online gambling ended up being strictly prohibited during the soccer World Cup in 2008.
The Phua case has received a complete 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 regarding the FBI Mark Giuliano to refute allegations that Phua was a person in the 14K Triads, inspite of the FBI having been informed of his connections to the notorious crime that is organized by Malaysian police in 2008.
Within the letter, which ended up being later submitted as being a court document by Phua’s defense team, Zahid stated that Phua had, in the past, assisted the Government of Malaysia on ‘projects impacting our national security,’ and as such the government was ‘eager for him to return to Malaysia.’
However, the letter had been deemed to be a serious breach of protocol and the federal government asked that it is withdrawn from court records.
Phua was arrested with eight others, including his son Darren and fellow high-stakes player Richard Wong, in June after an FBI operation on three of Caesars’ luxury villas unearthed what was described as ‘an illegal cable room,’ the hub of the multi-million-dollar online World Cup operation that is betting.
Investigators turned off internet usage of the rooms and posed as technical repairmen so that you can gain usage of the villas and gather evidence.
The protection team has asked that this evidence is struck through the record it was obtained illegally and without a search warrant, and thus violates the defendants’ Fourth Amendment rights as they believe.
Macau Bribe Allegation
Five of Phua’s associates plead guilty and had been sentenced to unsupervised probation and fines, while Paul and Darren Phua maintain their innocence.
Just weeks before these were arrested in Las Vegas Phua was certainly one of 22 individuals arrested in Macau in just what authorities there called the biggest unlawful sports bust that is betting record.
Prosecutors in the US believe that Phua bribed police that is local order to secure his launch, permitting him to fly to Vegas to carry on operations as the 2014 World Cup, the biggest sports betting event ever sold, gathered momentum.
The test is delayed while the judge assesses whether evidence gathered during the FBI’s covert surveillance operation is admissible in court.
Las Vegas, Nevada Sands Corp Reports Record Revenue
The cat that got the cream: Sheldon Adelson’s LVS states record revenues inspite of the economic lull in Macau. (Image: telegraph.co.uk)
Las Vegas Sands Corp (LVS) reported a record year of net revenue this week.
Despite dropping earnings in Macau once the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold economic harm to the business’s systems; and despite unsteady share prices in the latter element of the year, Sheldon Adelson’s casino giant is rude health.
LVS stated that its web revenue increased by 6 percent on final 12 months to unprecedented most of $14.58 billion.
Comparison this with Caesars Entertainment, which has lost cash 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 spend money on Macau whenever the spot started itself up to international operators, and also this is where the profits are coming from, despite the softening of the area’s video gaming market.
‘ The Macau that is new is little different than the old Macau, but still a wonderful Macau,’ Robert Goldstein, nevada Sands president and COO told CNBC. ‘We believe very much in this market.’
However, LVS’s Q4 revenues were much lower, 12 months on year, due mostly to Macau poorer performance within the latter section of the year. LVS, which has four casinos in Macau, stated the Sands Asia business reported a 16 per cent decline in net income to $2.12 billion, and the Venetian Macao saw net revenue tumble by 23 per cent to $880.3 million, but this had been offset by reduced operating costs, the company said.
Turnover from Macau nevertheless dwarfs the revenue of LVS Vegas’ properties, nevertheless, which took a combined 362 million in Q4. Total running expenses across all properties were down 14 per cent to $2.39 billion.
‘The prudent handling of our income, including the capability to increase the return of capital to shareholders while keeping a balance that is strong and ample liquidity to invest in future growth opportunities, remains a cornerstone of our strategy,’ said Adelson. ‘We remain focused on the constant execution of our global growth strategy, which leverages the power of our unique Integrated Resort business model that is convention-based.’
This comes as Adelson seeks to redouble their efforts to stamp out online gaming in the usa. Sources say that Adelson recently came across with Republican members of the home Judiciary Committee in order to discuss pressing the problem through during the brand new session that is legislative.
Adelson has vowed to spend ‘whatever it takes’ to rid the global world of online gaming.