Louisiana Gaming Company Hit with Fine

Wednesday, January 26, 2000
Players International, Inc. will have to pay the state of Louisiana $10.2 million and sell its two Lake Charles riverboats for failing to report its dealings with pizza restauranteur Richard Shetler, who has admitted to funneling a total of $550,000 in cash and goods from Players to Edwin Edwards and his son Stephen as part of a four-year conspiracy to extort money from the riverboat company. The settlement with the Louisiana Gaming Board follows an investigation into allegations Players paid money under the table to help it secure a riverboat gaming license during the administration of former Governor Edwards. In a report released in August, 1999, Special Assistant Attorney General Raymond Lamonica concluded Players should be fined and stripped of its Louisiana gaming licenses. Lamonica said the $10.2 million payment is based on the profits Players expects to get from the Louisiana portion of its pending $422.8 million sale to Harrah's Entertainment, Inc. The sale also includes gaming boats in Illinois and Missouri. The settlement requires Players to sell its Lake Charles boats and get out of the gaming business in Louisiana within 150 days. At this point, Players has not been accused of any crimes, and Lamonica made it clear the case against Player is not an extension of the federal case against Edwards (28 counts of rackateering, conspiracy, extortion, money laundering and mail and wire fraud, with a trial slated for early 2000). Nevertheless, the penalty is reportedly the largest fine ever imposed on a U.S. casino company.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Cruise Ship Trends

EUROPA 2 Undergoes First Scheduled Docking

As part of its first scheduled docking, Hapag-Lloyd Cruises’ EUROPA 2 underwent technical maintenance at Blohm + Voss in Hamburg from April 11-24, 2015.   At the same time,

SCHOTTEL to Present Inland Offerings

SCHOTTEL will present its expertise to the U.S. inland market at the upcoming Inland Marine Expo in St Louis, June 15-17, 2015: strong push boats in Brazil, big

SCH Services Anthem of the Seas in Southampton

Terminal operators Southampton Cargo Handling (SCH) are utilizing their considerable experience in handling cruise vessels to service the biggest cruise ship to call in the port of Southampton.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1060 sec (9 req/sec)