winstar world casino mega frenzy bingo(Image: Politico)The biggest winners in both battles, were, arguably, the Seminoles.In November 2016, a federal court in Tallahassee delivered the shock verdict that Florida had violated its 2010 compact with the Seminoles by permitting the state’s parimutuel venues to offer house-banked games.The compact had afforded the tribe exclusivity on such games until 2015 in return for over a billion in revenue shares. And you know what that means: bigger payouts for the gambling industries biggest moguls in 2018.It stipulated that this right would be automatically extended until 2030 if the state infringed on the exclusivity pact.State Makes Big MistakeBut the state regudesert diamond casino locationlator had allowed the parimutuels to offer so-called “player designated games.” These are typically casino games like Three-Card Poker and Ultimate Texas Hold ’em in which one player acts as the bank.The state believed that because players played against each other in these, rather than against the house, they were not legally defined as house-banked games. firekeepers casino 18 or 21The first was between the State and the influential Seminole tribe; the second between the two polarized chambers of the State legislature. While most damages are likely to be paid by insurers, the legal and public relations ramifications from the shooting will extend into 2018 and beyond.Frissora Leads Caesars Out of BankruptcyOn the other hand, Caesars Entertainment President and CEO Mark Frissora reportedly took a pay cut in 2016, though his compensation package of .5 million was still more than enough to keep him living large.That could easily change when his 2017 earnings are announced. That’s when Wynn Resorts awarded its CEO with a stock package distribution worth .5 million. intertops casino free chips

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betrivers casino commercialWynn immediately sold .2 million in stock, providing himself with plenty of spending cash to start the new year.The casino mogul has other big money stock issues pending, though. And you know what that means: bigger payouts for the gambling industries biggest moguls in 2018.While most damages are likely to be paid by insurers, the legal and public relations ramifications from the shooting will extend into 2018 and beyond.Frissora Leads Caesars Out of BankruptcyOn the other hand, Caesars Entertainment President and CEO Mark Frissora reportedly took a pay cut in 2016, though his compensation package of .5 million was still more than enough to keep him living large.That could easily change when his 2017 earnings are announced. blackjack casino hand motionsFlorida State Senator Bill Galvano proposed wide-ranging gambling reforms but he faced powerful opposition from the Seminole Tribe and Disney. Following the tragic mass shooting in Las Vegas on October 1, MGM is facing lawsuits from more than 450 victims. Former Wynn Resorts board member Kazuo Okada is suing the company over his 2012 dismissal and the forced redemption of his 20 percent stake in the firm, a move that Okada says wasn’t made by the board because it was in the best interests of the company, but rather on orders from Steve Wynn himself.Murren, MGM Must Deal with Shooting AftermathAnother CEO to earn a raise in 2017 was MGM Resorts CEO James Murren. casino roulette zero spiel

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scarlet pearl casino sign inThe 54-year-old executive received a new contract in October 2016, and while his base pay remained at million a year, his bonuses and stock awards both increased in April, resulting in a total bdesert diamond casino locationump of about 25 percent.Murren may be hard-pressed to get that kind of raise again in 2018, however. That’s when Wynn Resorts awarded its CEO with a stock package distribution worth .5 million. The billionaire dropped out of a bid to bring the Oakland Raiders to Las Vegas, withdrawing his 0 million in funding for a proposed NFL stadium after saying that the Raiders had left him out of discussions over the arena’s lease agreement.Wynn Takes Stock Payout, Faces Off Against FrenemySteve Wynn also had quite the year, with his biggest windfall coming in January. Florida State Senator Bill Galvano proposed wide-ranging gambling reforms but he faced powerful opposition from the Seminole Tribe and Disney. It was an error of judgement, according to the court.Florida had been in the process of negotiating a new compact with the SeminolesFrissora helped Caesars emerge from bankruptcy after a three-year effort, and in October, he spoke to investors about the corporation’s plans to grow their operations not only in Las Vegas, but also in other global destinations like Japan, Brazil, and South Korea.Northeast, Asia Likely Battlegrounds in 2018So where will the big money players be focused heading into 2018? Increased competition may be the biggest concern to their respective bottom lines, particularly in the northeastern United States, where new casinos in Massachusetts and Connecticut, along with the introduction of online gambling in Pennsylvania, could put a lot of pressure on markets that are already beginning to feel saturated.High stakes are at play in Asia as well coming into the new year. poker casino rake