U.S. Virgin Islands Could Offer Online Gambling

U.S. Virgin Islands Could Offer Online Gambling

The U.S. Virgin Islands may soon have the ability to offer gaming that is online but many caveats abound. (Image supply: Travel.usnews.com)

Most Americans know the U.S. Virgin isles for warm weather and beaches that are beautiful they could see without being forced to obtain a passport. But thanks to a present ruling from the islands’ Attorney General, this vacation spot may soon become simply as well-known as a home for on line gambling.

Attorney General Weighs In

V.I. Attorney General Vincent Frazer issued a viewpoint to many other Virgin isles officials, stating that the 2001 V.I. law that allowed for Web gambling companies to run in the nation will never clash with any federal laws in the usa, meaning that the law could finally be used to allow the territory to host Web gambling companies. So far, the territory had held off on really allowing any online video gaming to go forward, because of warnings issued from the federal government.

However, as is often the case in these circumstances, things aren’t quite that clear cut. Regulations just enables two companies to operate as ‘master companies’ into the territory, shutting out every other potential operators. And one or more of those companies states that they’ve lost most of their investors in the 12 years because the legislation has passed, because of the uncertainty around whether they’d ever be able to provide gaming that is online players.

Major Economic Impact

slotsforfun-ca.com But if the two organizations were permitted to get forward with offering online gaming around the world now, it may have huge effect on the territory. According to Nick Pourzal of USVI Host one regarding the two companies that could possibly offer Internet gaming underneath the law that is current estimates that the maximum amount of as $30 million could go into the territory’s General Fund if both organizations were operating at full capacity.

Frazer’s opinion ended up beingn’t completely good, however. The Attorney General gave many cautionary notes, including the fact that the Justice Department has changed its mind several times on exactly what states were permitted to do, and that legislation at the federal level could still change the game, as happened when Congress passed the Unlawful Internet Gambling and Enforcement Act (UIGEA) in 2006 over six pages.

‘I opine that the Virgin Islands Web Gaming and Gambling Act is appropriate on its face,’ Frazer published. ‘ However, caution should be the rule because the pitfalls are in the utilization of the law.’

Frazer also showed concern over just how far his viewpoint should be taken, and exactly how much would be allowed under federal law.

‘There is concern whether the utilization of the V.I.’s online gaming and gambling platform may be used by people outside of the Virgin Islands and not run afoul of the federal law.’

Still, the Casino Control Commission of the Virgin isles has hailed the opinion as a significant action towards switching the territory into a gaming hub that is online. Based on the Commission’s Acting Chairwoman, Violet Ann Golden, the Virgin isles is currently working on agreements with states such as New Jersey that have actually approved online gambling, both to make strategic partnerships and to help regulate off-island play on their sites.

The Virgin isles Legislature might have something to say about exactly how Internet gambling works in the territory as well. Senators such as Nereida Rivera-O’Reilly want to amend the 2001 act so as to allow more companies to have the possiblity to compete for licenses. According to Rivera-O’Reilly, a lot of the principals within the two companies designated as master providers were federal government insiders the legislation’s passage, and she plans to introduce an amendment to start the licensing process up to competitive bidding.

‘We must learn from our errors and work out sure we do this correctly, so that there is no-one to come in here and attempt to stop us,’ Rivera-O’Reilly said.

Ny Gambling Legislation to Expand Casinos Gets Voter Thumbs Up

Voters in brand New York State have authorized gambling legislation that will allow for major casino expansion (Image source: NYDailyNews)

What an it’s been for the land casino business back east, both good and bad week.

On Tuesday, voters in brand New York easily authorized an amendment that is constitutional will significantly expand the brick-and-mortar casino industry in hawaii. New York’s gambling legislation, which was to approve as much as seven Las Vegas-style gambling enterprises in the state, passed with approximately 57 percent of voters approving. It was in stark contrast to a sensational defeat for new casinos in the Boston and Palmer areas of Massachusetts on the day that is same.

Cuomo’s Fight Pays Off

The vote was the culmination of a multi-year plan by Governor Andrew Cuomo, who had navigated the complex web of gambling legislation interests in their state of the latest York to come up with a proposal that could be widely acceptable to most of the major players there. That included provisions that will leave protected areas for existing Native American gambling enterprises within the state in which personal companies will never be in a position to build.

But as well as the five Indian casinos and nine slot parlors (located at race tracks) currently in nyc, there will now be a range additional casinos that will privately be developed in various regions of the region. At the start, only four brand new gambling enterprises is allowed a compromise that the State Legislature insisted on when they authorized the plan in all the final two sessions that are legislative. Those four casinos will be situated in various upstate regions: around Albany, into the Hudson Valley or the Catskills, and in the so-called Southern Tier that borders northern Pennsylvania.

Eventually, though, that could change. A casino could come to New york it self in about seven years, along with possibly up to two more in the suburbs near the city around that same time.

The casino vote surely saw some divisions within the state, though not on traditional lines that are political. While many New Yorkers saw the casino in order to boost local economies and retain gambling money that state residents may now be taking to Connecticut, Pennsylvania and Atlantic City, there had been also a range that is wide of whom opposed the gambling legislation.

Not With Out A Fight

Conservative groups, including some Roman Catholic bishops along with other religious leaders, warned that the income estimates given by the government were likely inflated and that the social ills that would arrive with expanded gambling would outweigh the benefits that are economic. Meanwhile, progressive teams joined up with in the opposition, saying that the casinos would do the many harm to disadvantaged groups.

Since the election neared, opponents focused on the language being used in the ballot idea. As opposed to using neutral language, the ballot concern referenced possible positive outcomes of casino expansion, such as additional jobs and increased taxation revenue that could be used for schools. Casino opponents sued to possess the language changed, while polling showed that support for the measure increased significantly once the more language that is positive included. Eventually, the lawsuit was unsuccessful, and also the question reached the ballot with the greater language that is favorable.

Additionally, placating Native American tribal groups helped keep money that is much flowing to the anti-casino movement, while support for the amendment was well-funded by the video gaming industry. This helped prevent much in the real method of arranged opposition, with much more money and consequently, more tv adverts coming down on along side it of casino supporters.

The latest York State Gaming Commission will appoint a panel now which will award licenses to developers who need to build in the Empire State. Of the upstate venues, the Catskills has attracted the attention that is most, while the region already has a reputation as a resort location.

If that occurs, who knows; possibly Borscht Belt comedy will return to the even long-gone showrooms of yesteryear there.

Ryan Riess Triumphs at 2013 WSOP Main Event

World Series of Poker (WSOP) Main Event winner Ryan Riess flaunts his bounty after his $8.3 million takedown of this event. (Image source: Associated Press)

If anyone thought that the old-guard had undergone a revival in WSOP principal occasions, their opinions were well and undoubtedly readjusted after 23-year-old Ryan Riess the first WSOP winner to be created in the 1990s triumphed into the 2013 showpiece, bagging almost $8.3 million into the process.

After having a break of a several months, the November Nine was shaping up to be a tale regarding the experienced advantages versus the plucky amateurs and despite 2001 winner Carlos Mortensen falling in 10th place agonizingly short of the final table, the very last group contained modern legends like JC Tran and online phenom, David ‘Raptor’ Benefield.

Nonetheless, Tran’s chip advantage going to the final table didn’t pay off, and after a blow-up of massive proportions against Jay Farber who’d been working as a bouncer and VIP host up until the WSOP he was gone in 5th.

With the ‘senior’ pro Amir Lehavot gone additionally, it was down to the Michigan State University graduate, Ryan Riess and Farber, to decide that would raise the silver bracelet and case themselves an accepted place in the annals books.

A Close Battle

Farber entered heads-up with the chip that is short, 105 million to Riess’s 85 million, however it was the more experienced college guy who made his skill tell.

After 30 fingers almost twice the total amount of this past year’s heads-up duel the breakthrough came.

Sitting on the button, Farber raised to 2 million, Riess pumped it up to 5 million, and Farber had a re-pop to 8.8 million. Riess made the phone call, and Riess examined the 8d 4s 3c flop. Farber bet 6.7 million, and Riess made the phone call to take the players towards the turn.

The 2h saw Riess make another check, Farber made a bet of 13.6 million, and Riess called to make a pot of 58.5 million. With the river 7s Riess checked once more, and Farber checked. Riess’s Jc Jh was good enough.

Into The true Home Straight

With Ryan Riess using a 130 million 60 million lead, it had been his game to lose, and despite a brief fightback by Farber, Riess was never going to let his lead disappear.

Sitting on 15bb, Farber did produce a brief comeback, doubling up when moving all-in on a Kc 5h Qs flop. Riess flipped over Ks 10h for top-pair, with Farber’s Jc 10s in need of a nine or ace to result in the right. The 9h duly arrived in the change to give Farber the double-through, and send his legion of fans into apoplexy.

Short-Lived Hope For Farber

Despite a respite that is brief and being simply two cards far from elimination, Farber couldn’t build on their energy, and two key arms saw the finish of his title challenge.

With a flop of Ad Qd Kc, both players checked, but when the turn fell 5s, Farber led out for 4 million. Riess made the decision, as well as the Kh came in the river. Both players checked, Farber revealed pocket nines, and Riess showed Ac 6d for top-pair, the hand, and another step en route towards the title.

Final Hand

Hand 261, and Farber, crippled, moved all-in with Qs 5s. He was in need of all the luck and divine inspiration worldwide as he saw Riess ah flip over Kh.

A flop of Jd 10d 4c changed little, but a five would still be good for Farber.

The turn of the gave that is 3c just one more card to save their competition life. The Beast’ rang out around the Rio Hotel’s Penn and Teller Theater as the crowd rose, the dealer peeled off the 4d on the river, and Riess was swamped by his friends and family, as chants of ‘ Riess.

The Green And White

For Riess, the $8,361,570 first prize was his. Just a few years ago, Riess was studying Business at Michigan State University, but a proceed to Las Vegas accompanied, and their poker journey began. Multiple cashes on the WSOP Circuit came, and his best cash before here runner-up in the WSOP-C Horseshoe Main Event ended up being all Riess had to show for his poker experience.