The bill to legalize single sports betting 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 help in favor 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 made.
The chambers have now grouped together to deliver a joint letter in support of the bill, which aims at changing the language and provisions of the Criminal Code currently in place so that any wagering would now be legal on races, fights or perhaps a solitary recreations event or contest that is athletic. If the Senate were to approve the supported bill, then Canada ‘s individual provinces would be able to make their very own decisions about the legality of wagering on single sports events.
Show Me the Money
Those meant for the bill argue that legalization could contribute hugely to the neighborhood economies of the provinces of Canada, and would create more employment, more cash, and taxes that would be earned from the gambling revenues. In addition, they state that legalizing recreations betting would help to prevent Canadian residents from placing wagers with overseas and underground operations that are betting.
However, strong supporter of the bill, Senator Bob Runciman, admitted recently that the strong opposition in the Senate gives him reason to believe that the bill will be unsuccessful, despite support from all events in the House of Commons.
Yet this hasn’t wavered those pushing for the bill to be passed away as ‘the chamber coalition supporting the Bill C-290 continues to develop throughout the country,’ explained the Windsor-Essex chamber chief executive officer Matt Marchand to CTV Windsor, incorporating that two-thirds of taxpayers in Canada have been in support of legalized activities betting, based on a poll that is recent Ipsos Reid.
‘In an era where governments are clamping down on tax evaders and cheats it might seem a no-brainer that to maneuver forward to legalize this type of betting will be a win-win for the Canadian gaming industry, as well as for the Canadian taxpayer,’ explained Pierre Cadieux, Atlantic chamber president.
This type of topic that is hot legalizing sports wagering will always create a wall between differing opinions as rarely is there a middle ground to stand on. But as help for the bill grows, the Senate will at least have no choice but to be controlled by the voices of both the supporting chambers, and people that are reportedly in favor for the change.
Las vegas, nevada Sands Breaks Ties with PriceWaterhouseCoopers
Following dissatisfaction and an uneasy feeling towards the Las vegas, nevada Sands Corporation’s ongoing legal issues, PricerwaterhouseCoopers has resigned due to the fact official auditor of the casino empire, ending a partnership which spanned 25 years within 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 gave the impression that PricewaterhouseCoopers was no longer able to take the demands and challenging demeanor of Sheldon Adelson, Sands CEO, which resulted in the deterioration regarding the relationship involving the two businesses.
The present legal issues surrounding Las Vegas Sands Corp., including a U.S. investigation that is federal possible violations of money laundering and bribery laws, might likewise have been a vital issue in the decision of PricewaterhouseCoopers to break ties. The present disclosure from Las vegas, nevada Sands Corp.’s audit committee that violations of books, documents and internal control conditions were most likely, might have also impacted the company’s choice to resign from its position as official auditor to the company.
‘These are relationships that evolve over time,’ explained Ron Reese, spokesman for nevada Sands Corp. ‘In business, these types of situations are a known 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 the decision to cut ties with Sands Asia as its official auditor in a regulatory filing towards the Hong Kong Stock Exchange, stating that it could be impractical to continue acting as auditor to the firm after its moms and dad company’s choice to finish Las Vegas Sands Corp to its partnership.
PricewaterhouseCoopers has informed Las Vegas Sands Corporation which they will never be seeking any future partnerships with the firm, while the gaming conglomerate has become itself buying a new auditor to build a business relationship with since it moves ahead.
Each benefited from their long-term partnership over the years, it does appear that like many relationships, this has simply run its course and at least one of the two firms are better off going their separate ways, seeking out new and more fruitful relationships which are better suited to them while the two companies.
Alleged Illegal Poker Ring Connections Dash Marc Lasry’s Embassy Hopes
Marc Lasry, creator of the investment company Avenue Capital, have been considered a contender to become the following U.S. ambassador to France, but has withdrawn his name through the running after revelations of his connections to an alleged illegal poker ring run by Russian mobsters.
The ny Post states that Lasry, a Wall Street billionaire, has connections to lots of individuals who had been indicted recently by the Department of Justice during a bust for an alleged illegal credit betting company, including a close friendship with Illya Trincher, that is been accused of going the $100 million illegal betting and operation that is money-laundering.
Trincher had been just one of 30 individuals who were indicted by the U.S. Attorney for the Southern District of New York following charges of money-laundering, running an unlawful sports operation that is betting racketeering and extortion, and was on the list along with well-known Russian mobster Alimzhan ‘Taiwanchik’ Tokhtakhounov, art dealer Hillel ‘Helly’ Nahmad and ‘Poker Princess’ Molly Bloom.
Lasry’s firm Avenue Capital is pointing the press in a different direction, stating to The New York Post that ‘Marc withdrew as it was becoming difficult to be given a waiver of the ‘key man’ provision from Avenue Capital’s investors, and he would have experienced to divest himself of his Avenue Capital business holdings.’
‘I have always been extremely grateful to have been considered, but we would like to place the speculation to sleep and tell you that I will be remaining at Avenue,’ stated Lasry in a statement to dispel the rumors.
Suggesting that this is just an attempt to move the thinking from the present revelations of his connections to the gambling that is illegal, sources also told the latest York Post which he withdrew their name from the running after an FBI background check was carried that revealed his love for high-stakes poker games.
Whether true or perhaps not, bad press is never ever something that a high-powered billionaire businessman wants, and certainly not one who is dipping their feet into the ocean that is political. And as 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 la cancer tumors research hospital and treatment facility, has announced a future celebrity poker tournament that will raise money for its foundation, funds from which help treat cancer sufferers.
The ‘All In For Hope’ Celebrity Poker Tournament begins on May 31st and will be hosted by City of Hope during the Creative Artists Agency in L.A. City of Hope is A national Cancer Institute-designated Comprehensive Cancer Center, and a founding member of the nationwide Comprehensive Cancer Network, and so the tournament is set to improve cash for the cause that is truly great near the hearts of numerous.
Having a buy-in of $500 and unlimited rebuys set at $250 during the first hour of the overall game, the ‘All In For Hope’ Celebrity Poker Tournament should raise a great amount to go towards funding the cancer tumors patients and their medical needs.
Final Table Will be Watched
Every player who reaches the final table associated with the event, aside from the beginning champion and runner-up, will get the gift of time into the form of a watch donated by TW Steel, and the tournament will even feature auctions for awards, such as for example seats to a meet-and-greet with comedian Ray Romano, aswell as San Francisco’s Outside Lands Music and Arts Festival, trips to Cabo, as well as other great prizes, with all proceeds going towards the 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, as well as luxury accommodations, so the tournament is sure to have the players putting on their most serious poker faces and getting down to business to win their way to Las Vegas; 2006 World Series of poker Main Event champion Jamie Gold has already been confirmed on the guest list.
The 2013 Spirit of Life Award honoree, Rob Light, are hosting the event, which will also be attended by actors Tony Danza and Joe Mangariella, and actresses Mimi Rogers ( most famous for being Tom Cruise’s first ex-wife) and Camryn Manheim.