RAWA Sponsor Lindsey Graham Considers 2016 Presidential Run

RAWA Sponsor Lindsey Graham Considers 2016 Presidential Run

Lindsey Graham for President? The web gambling opponent has formed a committee that may 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 opportunities for a 2016 run at the presidency.

Graham this week established a committee known as ‘Security Through Strength’ that will explore whether a video slot titanic bid for the GOP nomination that is presidential viable.

‘What I’m looking at is, is here a pathway ahead on a lawn in Iowa and New Hampshire for a guy like me? I have no idea until We look,’ said Graham.

Graham’s RAWA bill, if passed, would effectively ban all forms of online gambling at a level that is federal aside from horse race betting and fantasy sports. No exemptions would be made for the states that have previously legalized and controlled Internet gaming within their borders, making its passage seem like a shot that is long most useful.

And Graham just isn’t the only opponent of online gambling with his eyes in the candidacy. Previous nyc Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to Stop Internet Gambling, announced previously this month that he’s ‘seriously considering’ a run.

Backed by Adelson

Both guys may be emboldened by the possibility for backing and campaign efforts from Adelson, who may have donated over $100 million to Republican causes over the years.

In 2011, the LVS chairman and his spouse Miriam Ochsorn donated $15 million to your pro-Gingrich political action committee ‘Winning Our Future,’ while Mitt Romney was the recipient (to no avail, of course) of Adelson’s help in 2012, to the tune of $30 million. Romney has stated he will not seek a 2016 presidential campaign spot this go round.

Graham, meanwhile, had shown interest that is little the on line gambling question until 2013, when Adelson and Ochsorn cut $15,600 in checks for his campaign for reelection to Congress. Graham is also known to have attended a party that is fundraising Adelson’s house.

Meanwhile, a written report from townhall.com suggests Adelson recently met with a combined band of Republican lawmakers on Capitol Hill to renew his efforts to have online gambling prohibited in america. The private briefing with members of your home Judiciary Committee, including Chaffetz, was described by sources as both a strategy meeting plus an update.

RAWA on the Rise

As of this week’s confirmation hearing for Loretta Lynch, Graham quizzed the Attorney General candidate on her emotions toward on the web gambling, and in specific the DoJ’s 2011 legal viewpoint on the Wire Act, which efficiently started the home for state-by-state regulation. Lynch nicely sidestepped the question.

Both Graham and Chaffetz have actually returned to this new session of Congress with additional political capital 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 policy that is foreign who matters Senator John McCain as one of their closest allies. Announcing his intention to run, he cited the battle against Islamic extremism as his top priority.

He joins a list of more than 15 Republicans who are considering running for president, including a third bush dynasty possibility in former Florida governor, Jeb Bush. Meanwhile, New Jersey Governor Chris Christie, under whose administration online gambling has been legalized in 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 was arrested in Malaysia for his role in a soccer gambling ring straight back in 2004, says the country’s press. Meanwhile, he awaits trial in the United States having been arrested at Caesars Palace in June. (image: cardplayer.com)

Paul Phua, the high-stakes poker player who is trial that is standing the US accused of masterminding a World Cup gambling operation from Caesars Palace, has a conviction in Malaysia for equivalent offense, it has emerged.

Malaysian media reported this week that Phua had been arrested in 2004 for his involvement in a ring that is betting in the European Champion soccer competition of that year.

According to the Malaysiakini paper, Phua received a large fine and left the country for Vietnam fleetingly a short while later, allegedly to escape those have been owed money after the operation was busted.

He ended up being banned from entering Malaysia, where on line gambling had been strictly prohibited during the soccer World Cup in 2008.

The Phua instance has received a complete large amount of publicity in Malaysia, mainly due to the actions of country’s Home Affairs Minister, Ahmad Zahid Hamidi.

In December Zahid wrote to Deputy Director associated with the FBI Mark Giuliano to refute allegations that Phua was a member of the 14K Triads, despite the FBI having been informed of his connections to your notorious organized crime team by Malaysian police in 2008.

Political Stink

In the letter, which had been 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 affecting our security that is national, and as such the government had been ‘eager for him to return to Malaysia.’

However, the page ended up being considered to be a breach that is serious of and the federal government asked that it is withdrawn from court public records.

Phua was arrested with eight others, including their son Darren and fellow high-stakes player Richard Wong, in June after an FBI procedure on three of Caesars’ luxury villas unearthed the thing that was described as ‘an illegal wire room,’ the hub of a multi-million-dollar internet Cup operation that is betting.

Investigators turned off internet use of the rooms and posed as technical repairmen in order to gain access to the villas and evidence that is gather.

The defense team has asked that this evidence is struck from the record as they believe it ended up being obtained illegally and with no search warrant, and so violates the defendants’ 4th Amendment rights.

Macau Bribe Allegation

Five of Phua’s associates plead guilty and had been sentenced to unsupervised probation and fines, while Paul and Darren Phua keep their innocence.

Just weeks before these people were arrested in Las Vegas Phua was certainly one of 22 individuals arrested in Macau in just what authorities there called the biggest unlawful activities bust that is betting record.

Prosecutors in the US believe that Phua bribed police that is local order to secure their launch, enabling him to fly to Las Vegas to keep operations due to the fact 2014 World Cup, the greatest sports wagering event ever sold, gathered momentum.

The trial is currently delayed while the judge assesses whether evidence gathered during the FBI’s covert surveillance operation is admissible in court.

Nevada Sands Corp Reports Record Income

The cat that got the cream: Sheldon Adelson’s LVS states record revenues inspite of the lull that is financial Macau. (Image: telegraph.co.uk)

Las Vegas Sands Corp (LVS) reported a record of net revenue this week year.

Despite falling earnings in Macau as the region faces an intense tightening of financial controls from mainland China; and despite a suspected Iranian cyber-attack in February that did untold monetary 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 reported that its revenue that is net increased 6 percent on last 12 months to unprecedented a lot of $14.58 billion.

Contrast this with Caesars Entertainment, which has lost money each year since 2009, while struggling to repay the attention 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 failed to spend money on Macau when the region started it self up to foreign operators, and also this is where the profits are coming from, despite the softening of the area’s gaming market.

‘ The Macau that is new is little different than the old Macau, but nevertheless 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 lower, 12 months on year, due largely to Macau poorer performance in the part that is latter of year. LVS, which has four casinos in Macau, said the Sands Asia company reported a 16 % 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 ended up being offset by reduced operating costs, the business said.

Turnover from Macau nevertheless dwarfs the revenue of LVS Las Vegas’ properties, however, which took a combined 362 million in Q4. Total working expenses across all properties were down 14 % to $2.39 billion.

Prudent Management

‘The wise management of our cashflow, including the ability to increase the return of capital to shareholders while keeping a strong balance sheet and sufficient liquidity to purchase future growth possibilities, remains a cornerstone of our strategy,’ said Adelson. ‘We remain focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based incorporated Resort business design.’

This comes as Adelson seeks to redouble his efforts to stamp out online gaming in the usa. Sources say that Adelson recently met with Republican users of the home Judiciary Committee in order to discuss pushing the issue through during the brand new legislative session.

Adelson has vowed to spend ‘whatever it takes’ to rid the global globe of online gaming.

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