Lindsey Graham for President? The internet gambling opponent has created a committee that will gauge whether a 2016 GOP presidential run would be viable.
Lindsey Graham, the Republican Senator for sc, who, along with Representative Jason Chaffetz (R-Utah), is co-sponsor of Restoration of America’s Wire Act (RAWA), is weighing the possibilities for a 2016 run during the presidency.
Graham this week established a committee known as ‘Security Through Strength’ that will explore whether a bid for the GOP nomination that is presidential viable.
‘What we’m looking at is, is there a pathway ahead on the ground in Iowa and New Hampshire for the 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 apart from horse racing wagering and dream sports. No exemptions would be made for the states that have already legalized and controlled Internet gaming within their borders, making its passage seem like a long shot at most readily useful.
And Graham just isn’t the opponent that is only of gambling with his eyes on the candidacy. Former ny Governor George Pataki, co-chair of Sheldon Adelson’s Coalition to quit Internet Gambling, announced earlier this that he is ‘seriously considering’ a run month.
Backed by Adelson
Both guys may be emboldened by the risk of backing and campaign contributions 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 action that is political ‘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 said he will not look for a 2016 presidential campaign spot this go round.
Graham, meanwhile, had shown interest that is little the online 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 fundraising party at Adelson’s household.
Meanwhile, a 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 banned in the usa. The private briefing with members of the House Judiciary Committee, which include 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 feelings toward online gambling, and in particular the DoJ’s 2011 legal opinion on the Wire Act, which effectively started the home for state-by-state regulation. Lynch neatly sidestepped issue.
Both Graham and Chaffetz have actually returned to the new session of Congress with an increase of political money than they held year that is last. Graham is now member of the Republican majority and Chaffetz was recently made chairman of the Government Oversight and Reform Committee.
Graham is a foreign policy hawk whom counts Senator John McCain as you of his closest allies. Announcing their intention to run, he cited the fight against Islamic extremism as his top priority.
He joins a listing of more than 15 Republicans who are considering operating for president, including A bush that is third dynasty in former Florida governor, Jeb Bush. Meanwhile, brand 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 wagering ring back in 2004, says the country’s press. Meanwhile, he awaits test in the US having been arrested at Caesars Palace in June. (image: cardplayer.com)
Paul Phua, the high-stakes poker player that is standing test in the US accused of masterminding some sort of Cup gambling operation from Caesars Palace, has a conviction in Malaysia for equivalent offense, it has emerged.
Malaysian media reported this week that Phua was arrested in 2004 for his participation in a ring that is betting in the European Champion soccer competition of this year.
In line with the Malaysiakini paper, Phua received a large fine and left the national country for Vietnam soon afterward, allegedly to escape those who were owed money after the operation was busted.
He ended up being banned from entering Malaysia, where online gambling had been strictly prohibited during the soccer World Cup in 2008.
The Phua instance has received lot of publicity in Malaysia, mainly due to those things of country’s Home Affairs Minister, Ahmad Zahid Hamidi.
In December Zahid wrote to Deputy Director of the FBI Mark Giuliano to refute allegations that Phua was a person in the 14K Triads, regardless of the FBI having been informed of his connections to your notorious organized criminal activity group by Malaysian police in 2008.
In the page, which ended up being later on submitted as a court document by Phua’s defense team, Zahid stated that Phua had, in the past, assisted the Government of Malaysia on ‘projects impacting our national security,’ and as such the government had been ‘eager for him to return to Malaysia.’
However, the letter had been considered to be a breach that is serious of and the government asked it to be withdrawn from court records.
Phua ended up being arrested with eight others, including their son Darren and fellow high-stakes player Richard Wong, in June after an FBI operation on three of Caesars’ luxury villas unearthed the thing that was described as ‘an illegal cable room,’ the hub of the multi-million-dollar online World Cup betting operation.
Investigators switched off internet use of the rooms and posed as technical repairmen in order to gain usage of the villas and evidence that is gather.
The defense team has asked that this evidence is struck from the record it was obtained illegally and without a search warrant, and thus violates the defendants’ Fourth Amendment rights as they believe.
Macau Bribe Allegation
Five of Phua’s associates plead guilty and were sentenced to probation that is unsupervised fines, while Paul and Darren Phua maintain their innocence.
Just weeks before they were arrested in Las Vegas Phua was certainly one of 22 individuals arrested in Macau in what authorities there called the biggest unlawful recreations 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 Vegas to keep operations since the 2014 World Cup, the largest sports wagering occasion in history, gathered momentum.
The test is delayed while the judge assesses whether evidence collected through the FBI’s covert surveillance operation is admissible in court.
Vegas Sands Corp Reports Record Income
The cat that got the cream: Sheldon Adelson’s LVS states record revenues despite the lull that is financial Macau. (Image: telegraph.co.uk)
Las Las Vegas Sands Corp (LVS) reported an archive year of net revenue this week.
Despite dropping profits 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 company’s systems; and despite unsteady share rates in the second part of the year, Sheldon Adelson’s casino giant is rude health.
LVS reported that its net revenue increased by 6 percent on final year to unprecedented a lot of $14.58 billion.
Contrast this with Caesars Entertainment, which has lost cash each year since 2009, while struggling to repay the interest on its industry-high $20 billion-plus debt, as it attempts to put its primary operating unit it into Chapter 11 bankruptcy.
Macau ‘Still Wonderful’
Unlike LVS, Caesars did not invest in Macau whenever the location opened it self up to foreign operators, and this is where the earnings are coming from, despite the softening of the region’s video 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, year on year, due mostly to Macau poorer performance into the latter element of the year. LVS, which includes four casinos in Macau, said the Sands China business reported a 16 per cent decline in net revenue to $2.12 billion, and the Venetian Macao saw net revenue tumble by 23 per cent to $880.3 million, but this was offset by reduced operating expenses, the company said.
Turnover from Macau still dwarfs the revenue of LVS Las Vegas’ properties, however, which took a combined 362 million in Q4. Total running expenses across all properties were down 14 percent to $2.39 billion.
‘The wise handling of our cashflow, including the capability to increase the return of capital to investors while keeping a balance that is strong and sufficient liquidity to buy future growth opportunities, remains a cornerstone of our strategy,’ said Adelson. ‘We remain focused on the constant execution of our global development strategy, which leverages the power of our unique Integrated Resort business model that is convention-based.’
This comes as Adelson seeks to redouble their efforts to stamp out online gaming in the usa. Sources say that Adelson recently met with Republican members of your home Judiciary Committee in an effort to discuss pushing the issue through during the brand new session that is legislative.
Adelson has vowed to spend ‘whatever it takes’ to rid the globe of online gaming.