Lottery Fraud Investigation Goes Nationwide

Lottery Fraud Investigation Goes Nationwide

Ex-lottery official Eddie Tipton, that is suspected of repairing lottery draws in at the least four more states beyond the fraud perpetrated in Iowa.

A probe into lottery fixing in the usa escalated this week as authorities expanded their research nationwide, fearing that the ex-lottery worker convicted of fixing the Iowa draw may have pulled the trick all in the united states.

Eddie Tipton, 52, the former director of data security at the Multi-State Lottery Corporation, was sentenced to ten years in prison in September for rigging the Iowa Hot Lotto game in an effort to claim a $14 million prize.

Prosecutors successfully argued that Tipton installed a self-destructing hack program to make sure the random quantity generator used within the draw on December 29, 2010 picked his numbers.

He also tampered with surveillance digital cameras so his installing the software could not be detected.

Anonymous Claimant

An attempt ended up being initially made to claim the prize by way of a man that is canadian Philip Johnson, who stated he had been too sick to collect the amount of money in person, nevertheless the claim was turned down because Johnson was unable to verify he ended up being the master of the ticket.

Johnson phoned once more a few days later stating that the ticket was, in fact, owned by the individual who wanted to stay anonymous. The Iowa lottery once more turned down the claim on the grounds that the rules forbade anonymous Continue reading “Lottery Fraud Investigation Goes Nationwide”

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction

One of the ‘Big Four’ audit businesses, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.

PricewaterhouseCoopers’ (PwC) worldwide Gaming Outlook, published in 2011 forecasting the half-decade leading to the present, hit the nail on the head regarding much of the gambling industry’s economics, nevertheless the firm missed the mark on two issues that are key.

PwC got a lot right in its five-year perspective on gambling, but failed on just what has emerged since the two most predominant issues in worldwide gambling news: Macau’s economic issues and daily dream sports (DFS).

To its credit, PwC rightly foresaw on the web gambling in america, saying states would legalize online casinos separately before Congress would intervene.

That had been a bold projection in 2011, considering the Department of Justice and FBI had just lately seized the assets of PokerStars and Full Tilt Poker, but nevertheless a forecast that arrived true.

PwC also correctly hypothesized Internet gaming is utilized to complement land-based casinos, a prophecy that came to pass through as Nevada, nj-new jersey, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race tracks.

The audit and assurance, tax advisory, consulting, legal, and actuarial company disclosed that the Global Gaming report was not intended to offer legal or investment advic Continue reading “PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Introduction”

North New Jersey Casino Expansion Back on State’s Agenda

North New Jersey Casino Expansion Back on State’s Agenda

North nj-new Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote in the issue in 2016 november.

North New Jersey wants to offer Atlantic City a run because of its money. And New Jerseyans may get the right yet to vote for casino expansion beyond the Boardwalk.

State Senate President Steve Sweeney has reintroduced legislation calling for the referendum on whether two brand new gambling enterprises should be built in the north part of the state, over the water from brand New York City, breaking AC’s longstanding monopoly.

The bill proposes that the vote that is state-wide the issue just take destination in November 2016.

The question of North Jersey casino expansion was muted before. Atlantic City has suffered from the legalization of casino gaming within abutting states, and increased competition ended up being a factor that is major four Atlantic City casino closures in the last two years.

Pennsylvania legalized casino gaming in 2007, and recently overtook its neighbor in gaming revenue. Meanwhile, New York State and Massachusetts have actually both opted to license their first casinos and the emergence of the new areas will undoubtedly damage the nj-new Jersey market.

Strategic Importance

But North Jersey’s proximity to Manhattan therefore the New York greater area that is metropolitan it a strategically beneficial location for casinos, which Sweeney believes would lure droves of g Continue reading “North New Jersey Casino Expansion Back on State’s Agenda”