Stephen Crosby is facing an ethics investigation over his actions during the approval regarding the Wynn Resorts casino in Everett.
The Massachusetts casino licensing process has been fraught with lawsuits, accusations and campaigns for and against every proposed project, making it one of this most contentious gaming expansions seen any place in the United States.
The controversies over enabling gambling enterprises within the state have felt to come at every level, and even their state’s gaming commission is not immune from questions about the method.
Massachusetts Gaming Commission Chairman Stephen Crosby is under research by the State Ethics Commission over allegations he might have possessed a conflict of great interest when reviewing the Wynn Resorts proposition to build a resort in Everett.
The problem is that the Everett resort was being built on land that was owned by a friend that is old of’s, Paul Lohnes.
Sworn Statement Prompted Research
Reportedly, the ethics payment launched the inquiry after finding a sworn statement suggesting that Crosby ‘actively participated’ within the state video gaming commission’s work with evaluating the Everett bid even from being a part of the process to award the Greater Boston casino license after he had officially recused himself.
‘Crosby earnestly took part in the commission’s activities related to the award after claiming to have recused himself,’ the statement read. Continue reading
Nasdaq listing will ease investor concerns about an ongoing investigation into Amaya by the Quebec regulator that is financial.
Amaya Inc happens to be authorized for listing regarding the Nasdaq Global Select Market and expects to begin trading on June 8 under the AYA ticker symbol, the business announced this week.
The group has traded on the Toronto inventory exchange since 2013, but Amaya feels that the Nasdaq listing will represent a step up into the big leagues, befitting its newfound status as a gaming giant that is global.
It will likewise help assuage concerns about an ongoing research by the Montreal financial regulator, Autorité des Marchés Financiers (AMF).
Amaya’s share costs took a temporary hit when its Canadian workplaces had been raided in December as part of a probe into so-called improper conduct in the lead up towards the business’s $4.9 billion takeover of PokerStars.
Within the weeks before the acquisition announcement the company’s share price almost doubled, leading to suspicions of insider trading.
According to search warrants and affidavits released from the publication ban by way of a Quebec judge, the AMF was granted approval to confiscate computers and electronic security devices from three staff members whose names have been redacted through the document.
Amaya has emphasized that it is cooperating fully with the investigation and that it fully expects to be clear Continue reading