Japanese Casino Legislation On Target; Organized Crime Gets Shut Out It's been years in the making, but Japan spurred on by the promise associated with the 2020 Tokyo Summer Olympic Games appears to be finally building a push that is real legalizing land gaming into the island country. News reports from Reuters state a solid draft of a gambling policy has been put together, and Japan's Diet (parliament) may be reviewing before year's end for very early 2014 passage, Jesus willin' and the crick don't rise. Baby Steps Towards Legalization At Last Whether or not that takes place on routine, however, it would take another two years for the legislators to drum up a more in-depth regulatory overview, which often would at long last open the road towards bonafide legal gambling enterprises to start being built. The objective, of course, being to have everything up and prepared to move over time for those all-important tourists to be able to drop some chunks of change once they come to Japan for those summer games. As we have been seeing ad nauseum of late, corruption, crime and gambling seem to often rest into the exact same sleep together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards within their casino regulations. These include producing an independent gambling regulator who does in turn oversee the license application process, because well as making it mandatory for any licensees to enjoy a decade's worth the least their tax, banking and credit information on all their top-level executives designed for review. And not soleley the actual execs, but all the executives' loved ones will also be scrutinized, presumably so no-one can hide anything by putting it in a partner's or sibling's or son's or daughter's title. Oversight Group Will Be Cabinet-Level The regulatory body will be set as a de facto cabinet group, with all the aim because of it being to make it not beholden to any specific Japanese ministry in its transactions. That, in turn, is designed to minimize the chance for graft or coercion by some of the Japanese mob: the so-called 'Yakuza' organized crime syndicates whom might try to have their fingers into the casino cookie jar. In presenting the plan's concepts, legislators said the overall idea is to make sure 'the hurdles to enter the business should really be set high … With proper regulation and enforcement … there is absolutely no reason for casinos to become hotbeds of unlawful activity.' Also in the start-up regulatory proposal are calls for limits to be set on exactly how many gambling enterprises can be approved in the initial phases, to ensure that laws will be enforced and the general impact among these entities in the population at large could be assessed. And while the obvious choices of major metropolitan centers such as Tokyo and Osaka will likely be the first locales for these new appropriate casinos, there are also provisions in the intends to make certain that some smaller towns could additionally be taken into consideration for future projects. Buyers and Sellers Dance the Dance with Atlantic City gambling enterprises Everybody wants a piece of Atlantic City's casinos these days, it seems Ah, the Atlantic Club in Atlantic City: the lady that everybody wants to rest with, but no one shall marry. This New Jersey land gaming joint keeps on finding brand new suitors, however, and now a brand new one has popped through to the horizon: a local attorney-slash-entrepreneur, George Miller, who's created an investment group with all The Flynn Company CEO Kevin Flynn of Philadelphia. Apparently, this estate that is real are eyeing all kinds of East Coast gambling enterprises, with the goal of firming something up before New 12 months's 2014 strikes midnight on the clock. Atlantic Club Just One Contender While Miller won't come right away and state who is looking like are going to getting a diamond just yet, he did tell the Press of Atlantic City his group hasn't eliminated the Atlantic Club as being a contender, but that they were 'looking all over the place' for just the right spot to make their deal. The situation is made a bit more interesting in that both Miller and Flynn hold really small stakes in A caesars-run pennsylvania property; albeit merely a 0.25% stake each. Press of Atlantic City interviewer Donald Wittkowski suggests that this alliance that is minor assist the duo, as Caesars has four casinos in Atlantic City and might be willing to part with one. You might recall that Caesars' international debt-load is sky-high, and some cash right now might be significantly more than welcomed as a number of their records are coming due in 2015. Rumors are that possibly Trump Plaza, Golden Nugget and Revel along side Caesars' Showboat might all be getting glances that are sexy Miller and Flynn now. An abundance of Inventory Up for Grabs It looks like it's a sellers market these times, however; also in line to buy something in Atlantic City most likely to then get constantly in place to have a gaming that is interactive for AC's imminent Internet launch are clothes like PokerStars, possibly Kentucky's Churchill Downs horse racing operation, as well as Philly's SugarHouse casino owners are said to be looking to expand to the Atlantic City market. Uk operators 2UP Gaming is additionally reported become interested in AC, backed evidently by the unnamed mogul that is asian. The Plaza (which killed a potential deal with the West Coast's Meruelo Group for $20 million when the casino's main mortgage holder Carl Icahn said 'I don't think so' to the low-ball offer), as well as the Golden Nugget and poor ol' Revel, which just can't seem to stand up, it's so debt-heavy at the top among the properties letting it be known they could be available for the right price are the now-infamous Atlantic Club. Needless to say, you could wonder why a town whose casinos are doing so generally speaking awful in the web profits department will be therefore eagerly courted by numerous these days, and the answer that is obvious both the interactive gaming potential (you can't obtain an online operator's license without purchasing a land casino) also as the seemingly vague potential for the legalization of sports betting in Atlantic City's land gambling enterprises, which has been shot down more times than an Iranian war plane over the White House. Regardless, Miller claims their investment group is doing its due diligence relating to this market. The previous few years, he says he sees 'a great deal of good regarding the horizon. despite Atlantic City's crappy profit ledgers' Caesars Entertainment Rearranges Deck Furniture for Debt Restructuring Caesars Entertainment is doing lots of restructuring, but can it help their economically sinking ship? Can this amount of Titanic debt be salvaged from dragging the ship to your bottom associated with the monetary ocean? That's the question being asked as Caesars Entertainment Corp. put Planet Hollywood one of the kingpin Las vegas, nevada Strip properties in to a new company that is holding along side the Interactive Division and the still-being-built Horseshoe Casino Baltimore. The business has instructed its shareholders that they have only until Oct. seventeenth to have in on a stock fire sale to generate $1.18 billion in much-needed money infusions as well. And also you thought your storage sales were busy. Shareholders Can Purchase Stocks First The Securities and Exchange Commission (SEC) filing created by Caesars announces that shareholders are certain to get first dibs on one share each of this new Caesars Acquisition Co. (CAC) for every share of the existing parent company they own. This restructuring has been into the works because this past Spring, and had been officially approved by the Nevada Gaming Control Board in July. Under the restructuring, the newly formed CAC will be a partial owner of the additionally newly created Caesars Growth Partners, and along with Caesars Entertainment (are you dizzy yet?), this new entity will possess Planet Hollywood, the Baltimore under-construction property, and Caesars Interactive Entertainment, which, of program, spearheads the World Series of Poker (WSOP) real cash online poker brand that just lately established for Nevada Internet players. Now you might think the point of all this fundraising is to pay the company down's massive current debt, but evidently, they are studying the White home financials, because they state the raised funds will go towards new casino tasks in the U.S., as well as more online development, in conjunction with 888 Holdings, to obtain a few online casino web sites up and rolling in New Jersey whenever that state goes online on November 26. They must be in a pissing competition with Obama for the greatest debt ceiling that is achievable. Gambling's Highest Debt Load Think we are kidding? Caesars has the dubious honor of keeping the casino industry's highest-ever long-lasting debt load at $23.5 billion. In early 2014, they shall do a refi of about $5 billion of that, and got about $200 million towards that amount in a stock sale already. This debtload that is somewhat scaryn't appear to be deterring anybody from teaming up with the gaming behemoth though; Detroit-based Rock Gaming is in on a joint venture with Caesars to own and run the $400 million Horseshoe Baltimore once it's completed and prepared to open in 2015. And Suffolk Downs Racetrack in Boston went into partnership aided by the ongoing company because well, as they you will need to get their $1 billion casino project accepted and built in Boston in Massachusetts' Battle associated with the Casino Giants game. Looks even Caesars Deputy General Counsel Michael Cohen isn't entirely sure about this restructuring gameplan, however. 'Compared to our capital structure, that is not a change that is big' he told the Nevada Gaming Control Board about the company's spinoff concept once they signed off on the plan in July. 'Caesars has a great deal of debt. We think it's workable, but others disagree.