Vatican Monsignor Arrested Second Time for Illicit Financial Dealings

Vatican Monsignor Arrested Second Time for Illicit Financial Dealings

Monsignor Nunzio Scarano has some ‘splainin’ doing after having a arrest that is second Vatican funds (Image: AP)

When you think you have heard the craziest embezzlement story in the reputation for guy, along comes a different one to prove you dead incorrect. Such is the situation of the Vatican monsignor trial that is already awaiting charges of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, mind you who has now been charged separately for allegedly utilizing their access to Vatican bank accounts to launder money.

Millions of Euros Moved Around

Referred to as ‘Monsignor 500’ because that is reportedly his cash that is favorite denomination Monsignor Nunzio Scarano ended up being arrested by economic authorities in Salerno into the south of Italy, after police say he used fictitious donations from overseas organizations to move an incredible number of euros through his Vatican Institute for Religious Works accounts.

When police caught up with Salerno a week ago, they were able to confiscate 6.5 million euros worth of bank accounts and real estate holdings, including a luxury condo occupied by Salerno himself that was decked out with expensive artwork and antiques.

Along with Salerno, a local priest was placed under house arrest while a notary public received a suspension for their alleged roles into the money-laundering scheme. But apparently the tentacles were far-re Continue reading “Vatican Monsignor Arrested Second Time for Illicit Financial Dealings”

Penn National Partners with Jamul Indian Village for California Casino

Penn National Partners with Jamul Indian Village for California Casino

Nestled in the hills of San Diego County, the Hollywood that is now under-construction Casino will likely be managed by regional operator Penn nationwide (Image: artist’s rendering)

Penn National Gaming is getting into the Ca market with a casino that is new in partnership with Jamul Indian Village, about 20 miles east of hillcrest. The $360 million development still needs the blessing associated with the National Indian Gaming Commission for Penn to be approved as its management company, but that is mostly seen as a formality at this true point, and construction is already underway.

Penn National operates the chi-chi M Resort regarding the far south end regarding the Las vegas, nevada Strip; the very casino that is last in fact, before you head off to Southern California.

Native Compact Put to Use

To be called the Hollywood Casino Jamul, the new project makes use of the Native American tribe’s California gaming compact, held since 1999. The construction that is new be three stories and a total of 200,000 square feet once completed. It’s anticipated to start towards the end of next year.

Penn National Chief Operating Officer Jay Snowden says the casino that is new ‘bring to fruition [the Jamul’s] eyesight to revitalize their reservation and become self-sufficient, while simultaneously sharing video gaming revenue with local governments and charities.’

Going up away from San Diego’s State Route 94, one conce Continue reading “Penn National Partners with Jamul Indian Village for California Casino”

Size Issues for Delaware Online Gambling Revenues

Size Issues for Delaware Online Gambling Revenues

Delaware’s under-a-million population base just isn’t helping the state’s first few months of online gambling revenues

In terms of advocating for on line gambling, there is one argument that sways states more than anything else: income. After hearing how money that is much possibly on the market, everyone else wants a piece of the on line gambling revenue cake. But in the instance of Delaware, it seems as though the state will have to settle for the crumbs that are few.

Despite hopes that online gambling might help out struggling Delaware land casinos fend off competition from neighboring states, it turns out that the Internet games haven’t generated much interest so far there. During the period of and December 2013, the sites raised just $253,000 far short of the goals that state and casino officials had set for Delaware’s online gambling projections november.

Few Accounts, Fewer Players

Being such a little state with a population of under one million, few expected Delaware to break the financial institution whenever it came with their online sites. But so far, only about 4,000 accounts have already been opened on the casino’s internet sites. The liquidity problem is most apparent in terms of poker games: according to figures by PokerScout, the Delaware Poker site is only averaging about 20 players for real money cash games over the past week. Even at top hours, the site rarely has a lot more than 50 players taking part Continue reading “Size Issues for Delaware Online Gambling Revenues”

Suffolk Downs Plans with Mohegan Sun Blasted for Environmental Dilemmas

Suffolk Downs Plans with Mohegan Sun Blasted for Environmental Dilemmas

Massachusetts citizens have a better glance at a proposed Suffolk Downs Mohegan Sun casino task, which continues in the future under fire (Image: The Courant)

It’s starting to look like opponents and supporters of this Mohegan Sun casino plan in Revere, Massachusetts will be tooth that is fighting nail at every opportunity over or perhaps a task can go forward. The strange thing is that it looks as being similar to they’re having the same exact fight over and over again.

Environmental Docs Come Under Fire

Within the latest round of battle over whether or not to ever allow Suffolk Downs and Mohegan Sun to push for the casino solely in Revere, opponents of this casino plan are saying that developers failed to satisfy state application requirements when it comes to publishing environmental documents. The problem, they state, is that hundreds of pages of documentation originated in the older variation of the casino plan: the main one that would have seen Suffolk Downs work with Caesars Entertainment on a casino in East Boston, bordering Revere

This, of program, is absolutely nothing new to anybody who has been following a ongoing Suffolk Downs casino saga. Ever since the November votes that saw East Boston reject the original casino plan at equivalent time as Revere voters came down in support of it, both sides have fought over simply how much of that plan may be used to push ahead the choice visio Continue reading “Suffolk Downs Plans with Mohegan Sun Blasted for Environmental Dilemmas”