Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture

Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture

Poker superstar Phil Ivey has received preliminary approval for A las vegas, nevada medical marijuana dispensary license in Nevada.

Phil Ivey isn’t smoking something, but their future clients may be: Ivey received one of 26 license that is preliminary for the medical marijuana dispensary from the Las Vegas City Council earlier this week, potentially making the poker superstar one of the first operators into the town to supply pot to consumers.

You will find still further steps necessary before Ivey gets approval that is final open such a business, but his approval does mean that the city found him qualified to go on in the licensing process.

This week to plead their cases for medical marijuana licenses about 50 potential operators went before the City Council. Those that got preliminary approval from the town will now have to also be approved by the state health department.

The City Council will sooner or later hold a last suitability conference for people approved by the state before awarding a restricted number of licenses which have been set aside for Las Vegas.

Meaning that Ivey still has a long way to go before getting a final go-ahead to dispense medical marijuana in Sin City. But as he makes pot-sized bets at the poker table if he can make his way through the various licensing stages, Ivey might end up slinging weed just as prolifically.

Council Separate on Licensing Process

There is a great deal of deba Continue reading “Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture”

UK Gambling Act Delayed by Gibraltar Legal Challenge

UK Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a month.

The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the legal challenge of the Gibraltar Betting and Gaming Association (GBGA). The new act was planned to come into influence on October 1, but will now be pushed back once again to November 1.

The GBGA issued the process in the tall Courts in an effort to derail what it has known as a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory interference with the best to free movement of services.’

The act requires all gambling that is online to hold a UK license and pay a 15 percent tax on gross video gaming income if they wish to engage with all the UK market. Previously operators that are such be licensed in a number of jurisdictions around the world, one of which ended up being Gibraltar. These jurisdictions had been approved, or ‘white-listed’, by the federal government in Westminster beneath the 2005 Gambling Act.

Legislation Unnecessary?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers towards the unlicensed market that is black as the UK regulated sites will not be able to compete, thus failing in its stated aim of ‘co Continue reading “UK Gambling Act Delayed by Gibraltar Legal Challenge”

Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture

Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture

Poker superstar Phil Ivey has received preliminary approval for a vegas medical marijuana dispensary license in Nevada.

Phil Ivey isn’t smoking something, but their future customers may be: Ivey received one of 26 initial license approvals for the medical cannabis dispensary from the vegas City Council earlier this week, possibly making the poker superstar among the first operators into the city to supply pot to consumers.

You can find still further steps necessary before Ivey gets approval that is final start such a business, but his approval does mean that the city found him qualified to go on in the licensing process.

About 50 possible operators went before the City Council this week to plead their situations for medical marijuana licenses. Those that got approval that is preliminary the town will now have to be approved by the state health division.

The City Council will ultimately hold a suitability that is final for the people approved by the state before awarding a limited number of licenses which have been set aside for Las Vegas.

Meaning that Ivey still has a long way to go before finding a final go-ahead to dispense medical cannabis in Sin City. But as he makes pot-sized bets at the poker table if he can make his way through the various licensing stages, Ivey might end up slinging weed just as prolifically.

Council Separate on Licensing Process

There is a great deal of controversy over just how vegas Continue reading “Phil Ivey Eyes Healthcare Marijuana Biz for Newest Joint Venture”

Enjoy Atlantic City on Auction Block for $90 Million Starter Bid

Enjoy Atlantic City on Auction Block for $90 Million Starter Bid

Florida investor Glen Straub has kicked from the auction bidding on Revel for $90 million.

Atlantic City’s Revel Casino is up for auction grabs, and a Florida property designer has provided $90 million in cash to acquire the property which was shut straight down for good week that is last. Glenn Straub, whom owns the 22,000-acre Palm Beach Polo and Country Club in Wellington, Florida, will now end up being the ‘stalking horse,’ or bidder that is lead who may be outbid by competitors at an auction on September 24. Other buyers that are potential until September 23 to produce offers.

Straub said this that his offer was ‘an opportunity to turn things around week. That’s what they need right now; a brand new direction,’ he added. ‘Give us our six months, and we’ll really physically likely be operational. In 2 years, we’ll be 100 % open.’

Which begs the relevant question, just what will likely be open, precisely? It appears unlikely that Straub will reopen Revel as a casino; the Revel Casino project, after all, was a cataclysmic $2.4 billion failure with huge costs that are operational had been hemorrhaging $2 million a week when it closed. And besides, it seems Straub has a dislike that is personal of.

Casino Physician

‘When everybody thinks of Atlantic City, they think of casinos,’ Straub told United States Of America Today, adding he dislikes the notion of Atlantic City as a casino town and could be uncomfort Continue reading “Enjoy Atlantic City on Auction Block for $90 Million Starter Bid”