The No Casino Markham group has collected more than 1,100 signatures calling on the city to end the casino case once and for all.

The group, which consists of local residents, current Councillor Alan Ho, current local public school board trustee Allan Tam and 2014 municipal hopeful Amanda Collucci.

Earlier today, the group came out and denounced a public survey sent out by Regional Councillor Jim Jones asking for feedback from residents about a muti-use entertainment complex, that could include a convention centre, five-star hotel, arena, performing arts centre, retail and restaurant venues and a gaming resort.

“It seems councillors have jumped ship from an arena to a casino,” said group member Alick Siu, who is also the co-chair of the York Region Parent Association.

“Why would a casino be good for our city? I’m puzzled, how can the city promote an active lifestyle, but have a casino at the other end?”

Concerns were raised about the negative impacts of a casino, such as an increase in crime, gambling addiction and family breakups.

“Markham is a vibrant city,” Mr. Ho said. “We don’t need a casino. The negative impacts will be long lasting and felt by the next generation. We are the high-tech capital, we don’t need another name – the casino or gambling capital.”

But the survey was meant to be a conversation starter, said Mr. Jones, who is leading the charge on the survey. Councillors Don Hamilton and Colin Campbell have also loaned their names to the survey, which was sent to about 100,000 homes in Markham.

Mr. Hamilton also include the survey in his spring newsletter for local residents, with the heading ‘Casino for Unionville?’ asking for residents’ opinions.

But the headline is misleading, Mayor Frank Scarpitti said.

“Why would you ask a question like that,” he said. “Do you really have to ask if people want a casino? Why not ask if people want a garbage dump in Unionville.”

Unionville encompasses both the heritage village and the new Markham Centre and land in between.

“I thought it was made clear last year, a casino is not a priority for the city,” Mr. Scarpitti said. “Our priority is to attract investment and jobs. I don’t think a company such as Aviva would be thrilled if a casino moved into their neighbourhood.”

“When was I supposed to put out this survey? In January after the election?” said Mr. Jones, who is also seeking re-election this year. “I’m not saying approve the casino. I’m saying, should we look into this?”

And it’s only the residents who can decide if the casino case should be re-opened and considered by council.

In the survey, Mr. Jones called the exercise a ‘city building’ opportunity and said he will only pursue the entertainment complex, in which a casino-type resort would account for 5 to 7 per cent of the entire square footage, if it were privately funded.

The purpose of the survey is not to approve or reject a casino, Mr. Hamilton said. Rather, the hope is to gather public opinion and gage if residents want the issue considered in detail.

“We’re just asking residents if we should look at it or no don’t look at it,” Mr. Hamilton said. “If it’s brought back, that doesn’t mean a casino for sure. This is just the beginning of the process. Something that wasn’t done with the arena.”

The idea for the casino has been floated before with downtown Markham and Langstaff areas being listed as possible locations. But the city first needs to see if there is an appetite for that kind of development, Mr. Hamilton said.

And having the survey come out now makes it an election issue worth debating, he added.

While the municipal election on the horizon, the timing of the survey. which is not a city initiative, is questionable since the city is trying to attract a university campus, Mr. Scarpitti said.

“This is a political football,” he said. “The timing is horrible. We’re working to bring York University to the city. Not many corporations would appreciate establishing a casino in their vicinity. I can tell you, a university definitely would not.”

There are numerous issues to consider, including potential revenue for the city, compared to the potential increase in crime, gambling addition, prostitution and its impact on social services.

“In the 2010 election, the arena was not on anyone’s lips,” Mr. Hamilton said. “All of a sudden there were plans to build an arena. Let’s put this out there ahead of time and make it an election issue.”

But council has looked at this twice before, in the spring of 2013 and in the fall of 2012.

In March 2013, the Ontario Gaming Corp. put forward a list of 29 potential gaming zones for a new casino, which included Markham, Richmond Hill, Vaughan, Mississauga and Toronto.

The idea of a casino was voted down by Vaughan last fall and was rejected by Richmond Hill in 2012.

Last spring, Markham council voted 9-4 against against the idea.

In June 2012, Markham council voted 7-6 not to delve any further into the OLG casino project.

But in both cases, the public was not consulted, Mr. Jones said, which is why he sent out the recent survey.

“When you are creating a vision, you go to the people first,” he said. “Creating a vision is supposed to be an open process. You put everything in the comprehensive vision. You don’t create a vision building by building.”

But there are many questions left unanswered about the survey the No Casino in Markham group is concerned about, including who is behind the survey and who paid for it, Ms Yeung Collucci said.

Mr. Jones plans to make the survey results public after the survey closes at the end of this month.

Meanwhile, the No Casino Markham group plans to continue to get signatures and to pass the signed petition along to Markham council as well as the provincial government.

“We will not stop until (Mr.) Jones stops the casino project,” Ms Yeung Collucci said.

Two sides have formed in the Paskenta band of the Nomlaki Indians tribe.

The current tribal chairman, Andy Freeman, along with his newly formed administration says more than $1 Million for tribal funds was taken illegally.

That group took action, excluding those they believe are responsible. They also named two families who were suspended by the tribe’s general council on April 12.

A spokesperson for the tribe, with the chairman by her side, stated that she believes the right decision has been made.

“The general council, they're the voice of our tribe and they've spoken. And as far as the misappropriation of funds and the investigation that's going on, you know the law enforcement, the legal process will play out and we'll move on from there,” said Ambrosia Rico.

As for the other side, a representative for the four ousted members of the tribal council that are still currently recognized by the Federal Government, reached out to us today via email and over the phone.

Those members are currently banned from casino property, which they say is now teeming with armed guards.

They had this to say about control over the tribe in a statement: "We are currently working to resolve an internal tribal dispute that has created a momentary rift." The statement continues, "The cause of the rift was initiated by a handful of casino executive staff, who are not tribal members."

Tehama County Sheriff’s investigators say they are “not actively investigating” this matter in anyway “criminally”.

The National Indian Gaming Commission has expressed concern about who is currently in charge verses who was legally elected.

If they believe a group outside the one they legally recognize is running the casino, they could issue a notice of violation.

According to the Ohio Casino Control Commission, the Midwestern state’s four casinos generated $72.2 million in revenue during May, a figure largely flat compared to April’s total. Ohio only embraced casino gambling last year and May’s result was greeted with disappointment as it was well below predicted levels and could lead to the state falling up to $360 million short of its annual gambling revenue.
Commenting on May’s results, Steve Gallaway from Gaming Market Advisors said: “It’s been a rough year across the board.. [the state is] seeing a much longer ramp up than was originally anticipated.”
Seeing the best growth out of the state’s four casinos was Ohio’s newest casino the Horeshoe Casino Cincinnati, up 10.1% to $19.62m compared to the previous month. Next, The Horeshoe Casino Cleveland saw only a slight 0.8% improvement in revenue to $20.05m, while posting declines in revenue was the Hollywood Casino Toledo down 3.8% to $15.76m; and the Hollywood Casino Columbus down 7.4% to $16.74m.
In addition to its four casinos, Ohio also has seven racetracks which, too, are running below the $1.2 billion in annual gambling revenue predicted by the governor’s study. At the heart of the problem would seem to be that most of the racetracks are opening up with around 1,600 video lottery machines each, well below the 2,500 the state had hoped for when it made its original projections. Ohio charges its gambling venues a 33% tax rate, with the money then distributed throughout its 88 counties. At the present rate, Ohio will collect around $550m in taxes by the end of the year, and as University of Nevada economist Mark Nichols explains:
“Racinos are either playing it safe or they don’t think Ohio’s as large a market as initially thought. That means fewer tax dollars.”

The Ohio Casino Control Commission has released its gambling figures for April, revealing the state’s four casinos generated $69 million in revenues, down compared with the same month last year and around $10 million less than the $79.59 million taken in March. The Buckeye State subsequently collected around one-third of that total in the form of taxes, which was then distributed to Ohio’s 88 counties.
Commenting on the latest figures, Steve Gallaway from Gaming Market Advisors, said: “Consumer confidence often tracks with gaming revenue as consumers will spend more if they have more confidence in our economy.”
In April, the Horseshoe Cincinnati Casino took in $16.7 million, down 11% compared to the $21.25 million generated in March; the Hollywood Casino Columbus took in $17.4 million, down 16% on the previous month; the Horseshoe Cleveland reported 11.5% less revenues at $18.8 million; while the Hollywood Casino Toledo experienced the smallest decline in growth, down by 7.5% to $16.1 million.
In terms of the state’s four racinos, revenues reached $47.3 million in April, over double that recorded a year earlier. Hard Rock Rocksino Northfield Park generated $14.6 million in April, down $1.2 million compared to March; the ThistleDown Racino saw $100,000 less revenues at $10.5 million; Miami Valley Gaming racino was down by $1 million at $10.6 million; and Scioto Downs earnings fell to $11.5 million in April from the $12.7 million it took in March.
Commenting on the future potential of its operation, Scioto Downs spokeswoman Ashley Redmon, said: “We have over 300,000 names in our database now. We’ve definitely learned more and more about our customers, and we’re doing more event-driven promotions to get people to come in and check us out.”
Ohio’s racino market, however, will experience further competition soon as the new Belterra Park opened its doors on May 1st, while an additional two racinos are schedules to open up by the year’s end, including the Hollywood Gaming at Mahoning Valley Racecourse and Hollywood Gaming at Dayton Raceway.
Consequently, Ohio’s gambling market will undergo a transformation over the next few months with a clearer picture of its true potential not likely to be realized until more than a year from now. As former casino executive and assistant professor of restaurant, hotel and tourism at Ohio University, Alan Silver, explains:
“Any business takes a number of years to develop loyalty programs and customers. Month-to-month comparisons are harsh.”

The bullish run of leading casino operators came to an abrupt halt yesterday when UnionPay -- a state-backed payment card company in China -- announced that it would take adequate measures to restrict illegal money transfers from mainland China to Macau casinos. Any such concerted effort would plug a key source of cash for Macau gamblers.

Share prices of units of Hong Kong-listed Macau companies, which include Las Vegas Sands Corp. ( LVS ), MGM Resorts International ( MGM ), Wynn Resorts Ltd. ( WYNN ), and Melco Crown Entertainment Ltd. ( MPEL ) plunged in response. Also, share prices of Hong Kong-listed SJM Holdings Limited and Galaxy Entertainment Group also declined.

What Led to the Onslaught?

Per Chinese law, visitors from mainland China are allowed to bring in $3,200 to Macau, the world's top gambling destination, and can also withdraw an additional $1,600 per day from ATM's.

The players are legally allowed to use debit cards of state-backed payment card companies like UnionPay to buy goods at a pawnshop and then trade them for local currency at the same store. However, according to Macau officials, players have been found using mobile card-swiping devices in order to get hold of more local currency, which is an illegal practice. The payment card agency believes that this way billions of dollars are being siphoned off illegally from mainland China to Macau.

Counter-measures

In order to check money laundering, illegal cash flow and other illegal bank card use, UnionPay International implemented certain risk prevention measures. Also, it keeps a track of large transactions undertaken by merchants and shares all such information with law enforcement bodies.

As a part of this anti-corruption drive, Macau is expected to tighten visa rules (beginning July) for visitors from China, according to investment bank Union Gaming Group. Also, UnionPay targets to track down the non-registered point-of-sale machines (POS), which are used to withdraw cash from UnionPay credit cards.

Impact of the Counter-measures

According to Deutsche Bank AG Hong Kong, funds generated through illegal card swipes amount to $6.0 billion or approximately 12.0% of Macau's annual mass-market chips purchased. It expects that a decline in these funds would dampen earnings before interest, taxes, depreciation and amortization of the six largest casino operators in Macau by 2.0% to 6.0%.

Conclusion

Of late, casino stocks have been in the limelight for some reason or the other. These stocks recently posted solid first quarter 2014 results primarily on solid Macau business. Moreover, a 10.6% increase in Macau gambling revenues for the month of April also had a positive impact on the share price of these companies.

However, prior to that, share prices stumbled on credit growth concerns in China and economic slowdown in the region. The crackdown comes at a critical moment and may dampen investor confidence on the stocks.

According to Nomura Securities, investors are concerned about the situation in China and any negative news from this market would hit casino stock prices. However, given the past trend, Union Gaming indicated that stricter use of cash cards would not curb gamblers' capacity to gamble.

Read more: http://www.nasdaq.com/article/casino-stocks-tumble-on-macau-crackdown-fears-analyst-blog-cm351991#ixzz31Rf7bF00

Just weeks after announcing its bid for one of the four casino licenses in New York, Caesars Entertainment Corp.'s CEO said on a conference call that the company wouldn't rule out closing some of its New Jersey properties.

(Bloomberg) -- Caesars Entertainment Corp., the largest operator of casinos in Atlantic City, New Jersey, is looking for ways to reduce capacity in the struggling market, including closing properties.
"We are looking at all of our options to reduce the cost of doing business here," Chief Executive Officer Gary Loveman said Wednesday on a conference call after reporting a wider first-quarter loss. "All the businesses in A.C. are under tremendous pressure."
This comes just weeks after the casino operator announced it was placing a $1 million bid for one of four available gaming licenses in New York.
Caesars has been struggling to remain solvent amid a glut of casinos and weak consumer spending, following a 2008 leveraged buyout that left the company with about $23 billion in debt. The company said in March it would close a property in Tunica, Miss. That move may set a precedent for other markets like Atlantic City, Mr. Loveman said.
"These markets can reach points when no new supply is indeed the right answer," Mr. Loveman said. "In some cases reducing supply is the right answer."
The company owns four casinos in Atlantic City—Caesars, Bally's, Harrah's and Showboat. Mr. Loveman didn't say specifically that a casino would close. The company has already taken steps to cut costs, such as reducing restaurant hours, according to a spokesman.
Las Vegas-based Caesars, the largest owner of casinos in the U.S., rose 14% to $21.18 at the close in New York after unveiling plans Tuesday to refinance debt. The shares have lost 1.7% this year.
The Atlantic Club, formerly the Atlantic City Hilton, closed in January, a trend Mr. Loveman expects to continue.
"That's the normal, self-correcting healing that you'd like to see in a market like this," Mr. Loveman said.