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CTBA Political eBrief Tuesday, March 29, 2016

“Amaya CEO David Baazov stands accused of funneling insider info regarding transactions with Amaya and six other companies to his older brother Josh Baazov, who in turn passed the info on to his former bookmaking partner Craig Levett, who used the info to make stock trades that netted Levett and a dozen accomplices an estimated $1.5m in ill-gotten profits.” Steven Stradbrooke in CalvinAyre.com --- “The latest news reveals that the older brother of Baazov was illegally funneling insider company information to his brother’s bookmaking partner. It appears that the CEO was passing privileged details regarding the company’s business transactions to Josh Baazov. The findings so far reveal that the criminal activity has been going on for five years and includes a total of seven well-known companies in the gaming world.” Alex Lanter in World Casino News
Chukchansi Tribal Council Sues California Governor Brown (CA – Court Cases)
Yogonet International (March 28, 2016) The Picayune Rancheria of Chukchansi Indians Tribal Council announced it has filed a lawsuit against California Governor Edmund G. Brown.
Amaya CEO’s Brother Reportedly Took Part In Illegal Trades In Seven Companies (Int. – Internet Poker)
World Casino News (March 28, 2016) Several days ago information emerged that Amaya CEO David Baazov and at least 15 other individuals were facing insider trading charges by Quebecois authorities. The latest news further reveals that the securities regulator managed to link Baazov’s brother to illegal trades in seven companies; according to reports, these activities resulted in $1.5 million in illicit profits.
Will The Real Amaya CEO Please Stand Up? (Int. – Internet Poker)
CalvinAyre.com (March 29, 2016) Canadian media sources continue to turn up the heat on Amaya Gaming CEO David Baazov, painting him as the primary culprit at the heart of the insider trading allegations rocking the online gambling operator.
AMF David Baazov Charges Expand, As Quebec Regulator Alleges Insider Trading Network Spanned More Than Five Years (Int. – Internet Poker)
CardsChat (March 28, 2016) New details have emerged of the scale and scope of the investigation against Baazov and his alleged accomplices, a list that includes his brother Josh, as well as various friends and business associates. According to the documents, Baazov is accused of regularly and systematically leaking details of Amaya acquisitions to these connections prior to those deals being publicly announced.
A Work In Progress: The State Of Online Gaming In The United States (US – Online Gaming)
Global Gaming Business Magazine (March 28, 2016) Legalized in three states, iGaming has been a disappointment to many. But what’s really happening, and how can you track the development of this gaming of the future?
Indian Children's Law in Choctaw Foster Case Praised by Some, Criticized by Others (CA – Indian Children Welfare Act)
NBC News (March 27, 2016) A California couple's fight to reunite with a 6-year-old foster child who was taken from their home last week because she is 1/64th Choctaw Native American has cast a spotlight on the Indian Child Welfare Act. The law has been long hailed as a protective tool for Native American communities by some and criticized as misinterpreted and misguided by others.
Saving Water An Ongoing Effort At Sycuan (CA – Environmental Action)
The San Diego Union Tribune (March 28, 2016) The Sycuan Band of the Kumeyaay Nation recently completed a major reduction in overall water usage through an aggressive conservation program, said Tribal Chairman Cody Martinez.
Profile: Poker Playing Professor In Los Angeles (CA – Gaming Education)
Global Gaming Business Magazine (March 24, 2016) As head of social and recreational gaming research at University of California, Los Angeles, Brett Abarbanel enjoys the flexible lifestyle that comes with a career in academia. The best part of her job is the ability to share her research through speaking engagements at international conferences and seminars on gaming.
Pivotal Meeting Looms Monday On Brockton Casino Proposal (MA – Casino Proposals)
WCVB 5 ABC (March 28, 2016) The five-member Massachusetts Gaming Commission is now wrestling with a complicated decision on whether to issue a license for a casino in Brockton, with economic and legal factors at play, The Enterprise reported.
Tribal Court Fails Review By Bureau Of Indian Affairs (WY – Court Cases)
The Washington Times (March 28, 2016) The Shoshone and Arapaho Tribal Court has failed a program review by the Bureau of Indian Affairs. The Ranger of Riverton reports that according to the review, the tribal court failed to follow laws pertaining to case procedures, to require background investigations on court staff and to provide training to court staff, among other complaints.
Debunking Myths About Daily Fantasy Sports Regulation (US – Fantasy Sports)
Legal Sports Report (March 28, 2016) The next few months are some of the most crucial in the history of the daily fantasy sports industry. Two states have already passed legislation — Indiana and Virginia — and in Massachusetts, the attorney general has enacted regulations.
Fantasy Sports Bill Could Bring Millions In State Revenue (CT – Fantasy Sports)
Hartford Business (March 28, 2016) Legislation that seeks to officially authorize daily fantasy sports websites already operating in Connecticut and many other states has the potential to bring in as much as $7 million in state revenue, according to the co-chair of the committee that raised the bill.
VA Bill Legalizing Sports Gambling May Kill Industry With High Fees (VA – Fantasy Sports)
The Daily Caller (March 28, 2016) Legislation aimed at legalizing fantasy sports gambling in Virginia may end up gutting the industry with crippling, unaffordable fees on businesses.
Steve Wynn's Ex-Wife Steps Up Fight Over Her Casino Stake (NV – Casino Business)
Bloomberg Business (March 28, 2016) Elaine Wynn, the ex-wife of Wynn Resorts Ltd. founder Steve Wynn, stepped up her fight to gain control over a block of 10 million shares in the casino operator that she can’t sell due to a 2010 agreement with her former husband and his ex-business partner Kazuo Okada.