Saturday, June 18, 2011

Genting Asian Casinos Investigated & Fined

Singapore's gaming authority (CRA) last month slapped Genting Resorts World with S$530,000 ($427,000) in fines for various offenses such as paying the casino entry levies for media representatives and not maintaining its surveillance system and processes to the standards required.

CRA said the full-scale inspections of Gentin's operations "would be on top of our regular monitoring of the casinos". It would include detailed on-site inspection of electronic gaming equipment as well as comprehensive checks on the casino operations which were found in violation.

Since Genting's proposed deal with the Wampanoag's in Raynham or Middleborough will fall outside of Massachusetts gaming regulators' jurisdiction (Supreme Court 1987 ruling in California vs. Cabazon band of Mission Indians) we can expect the feds to be spending more time in the Commonwealth.  This might not be such a bad thing, perhaps they'll have time to look into Genting's cash flow through the Wampanoag's and their lobbyists to the pols pushing through this Indian gaming carve out.

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