Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale
An Indiana-based branch of a casino workers union is opposing the proposed purchase of gambling venues owned by Pinnacle Entertainment Inc. to Gaming & Leisure Properties Inc. The casino workers are also about to ask the Indiana Gaming Commission to make straight down the master plan, arguing that the offer would probably provide the operator more liberties than state rules actually enable.
A given operator is allowed to own no more than two casino properties within the state’s borders under the current Indiana gaming laws. Gaming & Leisure manages one gaming facility in Lawrenceburg and Pinnacle owns two such facilities in Florence and East Chicago.
Las Vegas-headquartered gambling operator Pinnacle announced earlier in the day this plans to sell all 14 casinos it manages to Gaming & Leisure year. The latter is always to pay the quantity of $4.8 billion for the transaction. in most cases, the deal is among those when a provided gambling operator sells its venues or converts them into REIT, to avoid having to pay federal income taxes and thus, trade the said venues at a higher stock market value.
The Indiana Gaming Commission is scheduled to go over the problem today at 1 pm regional time. a spokesperson for the continuing state gambling regulator could not be reached for comment.
Casino workers from https://www.4scasino.com/ the UNITE HERE hospitality workers union will be in a dispute that is long-standing Pinnacle’s casino in East Chicago. Leggi tutto “Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale”
York County Strives to Put Casino work on November 2016 Ballot
Residents of York County, Maine are currently driving an initiative for the construction of a casino or the addition of slots in the county. But, the petition’s wording would offer a controversial figure from the united states gambling and harness rushing industries using the exclusive right to win new probability mobile casinos a casino permit for the southern an element of the state.
If ‘An act to allow slot machines or even a casino in York County’ collects the number that is necessary of from residents, it could authorize the state Gambling Control Board to start accepting applications for a video gaming license. It appears, but, that Shawn Scott, the former owner of the Bangor Historic Track in Penobscot County, will be the qualifying that is only for the said permit.
Mr. Scott owned the above-mentioned commercial racetrack in 2003. Afterwards, he sold the venue to Penn National Gaming for the quantity of $51 million. Right Here it is also crucial that you perhaps not that the businessman funded the effort that led to Maine voters approving the addition of slots at local racetracks.
Mr. Scott and his number of peers are the actual only real to fit right in the citizen effort’s description for the successful casino license applicant. Under the proposed bill for the addition of the casino or slots in York County, Mr. Scott’s group is able to submit an application for the said license. Of course the application is approved, the businessman and their peers would be in a position to run slots and tables games at a facility of their choice someplace into the county. Leggi tutto “York County Strives to Put Casino work on November 2016 Ballot”