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Category Archives: Gambling

Trump brand applies for new Macau gambling trademarks – CNNMoney

Posted: August 8, 2017 at 4:39 am

A firm called DTTM Operations LLC has applied for four new trademarks under the Trump brand in Macau, according to documents published by the government of the Chinese territory last week.

The company, which lists the Trump Tower at 725 Fifth Avenue in New York City as its address, submitted the applications two months ago, the documents revealed.

The applications were first reported by the South China Morning Post.

Related: Trump's newest Chinese trademarks: Religious clothing, advertising

The trademarks are for a wide range of Trump-branded services. One application lists hotels, restaurants, bars and conference facilities, while two others list "real estate services" and "real estate development and construction."

A fourth application requests a Trump trademark for "gambling and casino services and providing casino facilities."

The Macau government lists 22 other trademarks registered by DTTM Operations for various brands dating back to 2006, including Trump Tower, Trump International Hotel and Tower and the Donald J. Trump brand.

Related: Macau billionaire found guilty of bribing UN officials

Trump relinquished control of his businesses soon after he became president but hasn't sold his stake, instead transferring it to a trust run by his two sons -- a decision that has been criticized by ethics experts as inadequate in addressing perceived conflicts of interest.

Trump's company, the Trump Organization, said in a statement to CNNMoney that it "has been zealously enforcing and protecting its intellectual property rights around the world for more than 20 years, particularly in jurisdictions where trademark infringement is rampant."

The trademark applications in Macau "simply represent a continuation of those efforts," it said.

The company hasn't announced any plans to do business in Macau, and Trump said before he took office that his firm wouldn't do any "new deals" while he's in office.

The Macau government didn't respond to a request for comment Monday.

The semi-autonomous Chinese territory has become one of the world's top gambling destinations. Prominent U.S. casino magnates like Steve Wynn and Sheldon Adelson already own several casinos there.

Related: China jails top casino exec over gambling crimes

Trump is a former gambling tycoon himself, having built three casinos in New Jersey's Atlantic City in the 80s and 90s. Two of them -- Trump Plaza and Trump Taj Mahal -- have now been shut down, while the erstwhile Trump Marina Hotel Casino was sold in 2011 and rebranded as the Golden Nugget.

But none of the casinos contributing to Macau's multi-billion dollar gambling industry, which accounts for more than half of the territory's economy, currently bear the Trump name.

-- Jill Disis, Vasco Cotovio and Serenitie Wang contributed to this report

CNNMoney (New Delhi) First published August 7, 2017: 11:50 PM ET

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Trump Company Moves to Protect Brand in Chinese Gambling Hub – New York Times

Posted: at 4:39 am

The Trump Organization has been zealously enforcing and protecting its intellectual property rights around the world for more than 20 years, particularly in jurisdictions where trademark infringement is rampant, Amanda Miller, a spokeswoman for the Trump Organization, said in an email. The trademark applications you are referring to simply represent a continuation of those efforts.

Macau, a former Portuguese enclave on Chinas southern coast that returned to Chinese control in 1999, is the only part of China where casino gambling is legal. After it opened up its gambling monopoly in 2001, new casinos and an influx of visitors from mainland China led to a full gambling boom, attracting American companies like Las Vegas Sands and Wynn Resorts. The tiny enclave surpassed the Las Vegas Strip for total revenues in 2006.

Mr. Trump began operating casinos in Atlantic City in the 1980s, eventually running four that held as much as about 30 percent of the citys gambling market in the 1990s. His casino companies sought bankruptcy protection multiple times, and he quit the board in 2009.

Trump trademark applications in Macau go back to 2006 and include Trump, Donald J. Trump, Trump Tower, Trump International Hotel and Tower and Chun Pou a Cantonese version of Mr. Trumps name.

The licenses issued after Macau opened up its gambling monopoly will soon begin to expire, which could open the market further. The South China Morning Post reported on the filings on Sunday.

Gaming concessions for the six casino operators in Macau will expire between 2020 to 2022, Desmond Lam, an associate business professor at the University of Macau, said by email. The industry is still somewhat unclear what will happen to these concessionaires after that. Recently, there have been some rumors that the Macau government may allow a seventh operator to enter this market.

The Trump business has picked up efforts to protect its name in mainland China as well. China approved a Trump trademark for the use of his name in construction services in February, shortly after he acknowledged he would maintain American policy toward Taiwan, a key issue for Chinas leaders. The presidents critics said the episode showed how his companys overseas endeavors create a perception problem and expose him to potential conflicts.

The Trump business now holds at least 125 registered or provisionally approved trademarks in mainland China for a variety of services and products. Last month a trademark for the Trump name in relation to hotel restaurants was officially registered. Mr. Trump has no businesses in China, but the trademarks give some protection of his name in a country where knockoffs are commonplace.

The Trump Organization says those trademarks are registered with an affiliate and have nothing to do with Mr. Trump.

After denouncing China and its large trade gap with the United States during the presidential campaign, Mr. Trump eased off his criticism in hopes Beijing would be able to help curb North Koreas missile and nuclear weapons program.

But in recent weeks Mr. Trump has declared Chinas efforts to constrain Kim Jong-un, the Norths leader, a failure, declaring last month on Twitter he was very disappointed in China.

Zhang Tiantian in Beijing contributed research.

A version of this article appears in print on August 8, 2017, on Page A16 of the New York edition with the headline: Trump Company Moves to Protect Its Trademark in Chinese Gambling Hub.

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Georgia GOP strikes a blow against casino gambling | Political … – Atlanta Journal Constitution (blog)

Posted: at 4:38 am

Cash, chips and dice on a craps table at a casino. AP file/Wayne Parry

As Georgia legislators prepare for another all-out debate over legalizing gambling, opponents will have an important ally.

The Georgia GOP state committee overwhelmingly passed a resolution over the weekend that opposes casinos and horse racing.

John Watson, the recently-elected chair of the Georgia GOP, recused himself from the Saturday vote. Watson, a veteran operative and lobbyist, has advocated for legalizing gambling on behalf of Boyd Gaming Corp.

The resolution cited concerns that gambling is tied to increasing crime and divorce rates, and warns it could open the door for any Indian tribe to venue shop for property to open casinos around the state.

The state should not have a vested interest in predatory activities such as gambling for the sake of filling state coffers at the expense of ruined lives and broken families, read the resolution.

More: Georgia GOP rejects a religious liberty litmus test for govcandidates

Casino advocates have sought for years to legalize gambling in Georgia, arguing that it could bolster the lottery-funded HOPE scholarship, which pays the in-state college tuition for students who maintain a 3.0 grade point average, as well as the pre-K program.

But the idea has triggered a flood of opposition from religious conservatives and other critics of the measure, and many united against legislation this year that would allow two destination resort casinos.

Update: An initial version of the resolution also would have included fantasy sports betting, but that was stricken from the text.

State Rep. Trey Kelley, who sponsored legislation to reclassify fantasy sports so it doesnt violate anti-gambling restrictions, said he was grateful activists ignored rhetorical cries to include the online games in the resolution.

The Georgia GOP faithful made a conscious decision to remove fantasy sports from this resolution, he said. Their action is in line with my repeated statements and the beliefs of mainstream Georgians that fantasy sports is a game of skill and a completely different issue from casino gambling.

Heres the full text of the resolution:

WHEREAS, Georgia Republican legislators have introduced legislation that would allow for casino gambling in Georgia; and

WHEREAS, the gambling bills now mask the negative connotations of casino gambling by referring to casinos euphemistically as destination resorts; and

WHEREAS, the usual arguments for opening the state to casino and horse racing continue to be, this will create jobs and it is for the children because it will generate revenue for Pre- K and for the HOPE scholarship, and

WHEREAS, these reasons fail to overcome the substantial societal costs of casino and horse racing, which include:

WHEREAS, all tax payers, including non-gamblers, end up paying higher taxes for these publicly borne social costs; and

WHEREAS, the proposed establishment of the gambling industry in Georgia violates free- market principles by instituting a politically protected industry that will drain customers from legitimate businesses not similarly protected; and

WHEREAS, once the gambling industry is allowed to operate legally in the state, its lobbying power will grow and increase its influence over legislators and local community officials; and

WHEREAS, once the State of Georgia allows Class III gambling, this would open the door for any Indian tribe to venue shop for property to open casinos on land that would be taken out of the governance of the State and off the local tax digest; and

WHEREAS, the State should not have a vested interest in predatory activities such as gambling for the sake of filling State coffers at the expense of ruined lives and broken families;

NOW THEREFORE BE IT RESOLVED, We, the delegates of Georgia Republican Convention, urge the members of the Georgia Legislature to cease and desist with any efforts to open the State of Georgia to casino and horse racing;

BE IT FURTHER RESOLVED THAT the Secretary of Georgia Republican Party Convention is directed to immediately transmit an appropriate copy of this resolution to the Chairman of the Georgia Republican Party and to all elected Republican officials in the Georgia Senate and in the Georgia House; to the Honorable Nathan Deal, Governor of the State of Georgia, the Honorable Casey Cagle, Lieutenant Governor of the State of Georgia; and to the Honorable David Ralston, Speaker of the House of Representatives.

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Casino gambling leads to higher divorce rates, more crime, GA Republicans say – WSB Atlanta

Posted: at 4:38 am

by: Richard Elliot Updated: Aug 7, 2017 - 6:34 PM

ATLANTA - The Georgia Republican Party came out with a resolution this weekend officially opposing casino gambling. But one Republican lawmaker says he will try and push a gambling bill through the legislature anyway.

Alpharetta State Sen. Brandon Beach is a big supporter of what he calls destination resorts, which would include casino gambling.

He couldnt get a law passed last year, but he is promising to try it again, even with his own partys opposition.

Bud Griffy is a self-described proud Republican who says he doesnt see anything wrong with a casino in Georgia.

I think its fine. I dont see anything wrong with it. It brings in money to the state or the area and so forth, and you like a little entertainment every once in a while, so why not? Griffy told Channel 2s Richard Elliot.

The Georgia Republican Convention has a list of reasons why not. In a resolution passed over the weekend, the state GOP asked lawmakers to cease and desist with any efforts to open the state of Georgia to casino and horse racing gambling.

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They cite a list of reasons, including higher divorce rates, more crime and higher taxes to pay for things like the treatment of gambling addictions.

First ... I have the utmost respect for the Republican Party and the state committee, Beach said.

Beachs bill would require a minimum $2 billion private investment for the two resorts and would include a 20 percent tax rate on them, all of which, he believes would go to the HOPE scholarship and rural health care.

He thinks the bill should pass and the voters should decide.

"Theres nothing more conservative or more Republican than letting the voters have a say at the ballot box and vote on an issue," he said.

The destination resort bill will be back before lawmakers next January, but without Republican support, it will be an uphill climb to get it passed.

2017 Cox Media Group.

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Casino Gambling Business: Las Vegas Sands Generates $3B In Revenue In Q2 – CardPlayer.com

Posted: at 4:38 am

Las Vegas Sands, the largest casino developer in the world based on revenue, said that it took in $3.14 billion in the second quarter, up 18.6 percent year-over-year.

The company, which has casinos in the U.S., China and Singapore, won $2.46 billion from gamblers during the quarter ending June 30, up more than 22 percent year-over-year

The performance, which beat Wall Street expectations, was largely due to the companys business in Asia. Sands has benefited from a market turnaround in Macau. The city has recorded 12 straight months of gaming revenue gains, which followed a two-year downswing. Since 2002, Sands has invested more than $13 billion in the only Chinese city with legal gambling.

Sands six properties in Macau generated $1.82 billion of the $3.14 billion, the company said. Its revenue there was up 23 percent compared to $1.48 billion from the second quarter of 2016.

The Macau market is growing and its growth rate has been accelerating for four consecutive quarters, Sands Chairman Sheldon Adelson said in a statement. At the same time, the significant new supply that has been added on [the] Cotai [Strip] since 2015, amounted to more than 8,000 hotel rooms and more than US$13 billion of additional invested capital, has successfully been absorbed by the market.

The companys casino in Singapore, Marina Bay Sands, saw its revenue increase 17.7 percent in the quarter to $836 million. That was thanks to the gamblers, with gaming win of $690 million representing a 24 percent gain year-over-year.

The companys Nevada properties, The Venetian Las Vegas, The Palazzo and the Sands Expo and Convention Center, generated $384 million in revenue during the quarter, up eight percent year-over-year. Nearly $100 million of the total came from gaming, up nearly 20 percent.

However, table game and slot machine drop were down 6.1 percent and 8.5 percent, respectively. The firms Sin City casinos retained 16.3 percent of $352 million in table game drop, compared to 10.6 percent last year, and 8.3 percent of $606 million in slot machine bets, up from 7.7 percent. In other words, there was less gambling at the Las Vegas properties but gaming revenue was up thanks to gamblers being less fortunate than they were last year.

According to Sands, its expected baccarat win percentage is 18-26 percent, better than the rest of the table games which have an expected win percentage of 16-24 percent.

Over in Pennsylvania, where Sands has a single casino, revenue of $147 million was basically unchanged year-over-year. Gambling at Sands Bethlehem accounted for 93 percent of the revenue, but it was also less than a percent more than what was won during the same period last year. The Keystone State gaming market has been flat in recent years.

Sands said its company-wide net income increased 62 percent to $638 million in the second quarter of 2017, compared to $394 million in the year-ago quarter.

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Free program available to help those with gambling addiction – American Press

Posted: August 6, 2017 at 5:38 pm

For over 15 years, a program at McNeese State University has provided free treatment for problem gamblers.

We are trying to combat the stigma attached to problem gambling and make the public aware of McNeeses program, Mari Harris, a counselor, is quoted as saying in a story on the programs website.

The program offers screening and assessment services, individual and group-based treatment services, along with family-based services depending on client need, reads another page on the programs site.

According to some studies, 5 percent of the population suffers from problem gambling, reads a page.

That means roughly 3,700 people in Lake Charles are putting their livelihood at risk every day in truck stops, bars, casinos or in online gaming, Harris is quoted as saying on the site.

The website says that over 80 percent of those who complete its program no longer engage in gambling.

Harris said in the story on the site that gambling addiction doesnt discriminate and that this is a problem that transcends race, gender, age or level of income.

Harris said this week by phone that some of the saddest stories Ive heard are ones in which people have lost their marriages, jobs and retirement savings.

Seeking help is a very hard thing to do and its especially difficult for gamblers because there can be a problem there for a long time but there might not always be overt signs that you would see like you do with alcohol or drugs.

People gamble because its rewarding and they get a quick emotional release. Nobody gets into gambling thinking that it will become a problem, but sometimes it turns into a problem for them.

Although there may not always be obvious signs of a gambling problem, Harris said, there may be a couple of red flags that can alert a person that he or she has a problem or that a loved one might have a problem with gambling.

Lying to people about your gambling is one thing thats a huge red flag, said Harris. And another one is if the person is spending more and more money on gambling.

Harris said the program sees about 50 people but has the ability to serve more.

I think there are so many more we could be helping, but either people dont know about us, arent ready to reach out for help yet, dont realize there is no cost to our program, or any number of other reasons, she said.

Something else that people may not realize is that we can also help the families of a gambler.

Sometimes, a woman may be encouraging her husband to get help for his gambling, or a husband may be encouraging his wife to get help. But we can help the entire family as well.

The effect that problem gambling has on a family is the biggest toll. Theres a financial devastation in the family as well as an emotional devastation there. Its a brokenness.

It greatly affects the gambler as well. Gambling, depression and anxiety sometimes all go together.

Harris said that when people think about gambling they mistakenly think of it as related mostly to casinos.

We see a lot of younger people more focused on online gambling while others prefer video poker or slot machines. We know there are a lot more problem gamblers in our area that we could be helping, so we hope they will get in touch with us.

Anytime there is a mental health treatment, though, there can be a stigma attached to it and that may be one reason that we dont hear from people that we could be helping.

Reaching out for help with gambling addiction is not admitting a weakness, Jimmy Trahan, another counselor in the program, is quoted as saying on the website.

It actually shows a real inner strength when you can admit you have a problem controlling your gambling behavior, he is quoted as saying, in a story posted in March for Problem Gambling Awareness Month.

For more information about problem gambling and the McNeese program, call 475-5964 or visit http://www.mcneese.edu/gambling.

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Is Trump Building a Casino in Macau? Company Applies for Trademarks, Sparks Speculation of Business Expansion – Newsweek

Posted: at 5:38 pm

Donald Trump's international business dealings have come under much scrutiny, even before he became president. Now, a new trademark deal in Macau has raised questions over whether Trump is snapping up gaming licenses while in office.

As first reported by the South China Morning Post, DTTM Operations LLC, a Delaware-based company affiliated with the president, filed four trademark applications in Macau under the Trump name. One of these applications was for "gambling and casino services and facilities," provoking speculation that Trump is moving to capitalize on what is considered an international casino hub.

While Trump was previously known for commandeering the casinos of Atlantic City in the early 1990s, his grasp on the gaming world has loosened through a series of bankruptcies and legal battles.In February 2016, the Trump Organization sold its stake in Trump Entertainment Resorts, which operated the Atlantic City casinos. The Trump Taj Mahal, once a symbol of Trump's gambling empire in New Jersey, was bought out by Hard Rock International earlier this year and will be converted into a Hard Rock Hotel & Casino.

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HUNTINGTON, WV - AUGUST 03: President Donald J. Trump listens as West Virginia Governor Jim Justice announces that he is switching parties to become a republican during the president's campaign rally at the Big Sandy Superstore Arena on August 3, 2017 in Huntington, West Virginia. Justin Merriman/Getty Images

Macau, which currently hosts 38 casinos operated by six owners, has been called the "gaming capital of the world" and "Las Vegas of the East." Gambling tourism makes up about 50% of Macau's economy, and it has overtaken Las Vegas in overall gambling revenue. According to the Morning Post, the licenses of Macau's casino operators began to expire in 2010, raising questions as to whether those licenses would be renewed or bought out by foreign bidders.

Trump has expressed interest in Macau for at least ten years. In 2006, Trump Companhia Limitadaunaffiliated with the presidentregistered the Trump trademark in Macau for use in hospitality. The following year, Donald Trump filed a request to register three brandsDonald Trump, Trump Tower and Trump International Hotel and Towerin the former colony; he received approval from the Macau Economic Services in 2012. What followed was an extensive legal battle with Trump Companhia Limitada, which Donald Trump ultimately won in May 2016. This past March, mainland China approved 38 Trump trademarks, including ones for hotels and golf resorts.

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UK Chancellor blocks gambling curbs: Daily Mail – Reuters

Posted: at 3:35 am

LONDON (Reuters) - British Chancellor Philip Hammond has blocked government attempts to curb high-stakes gambling machines commonly found in betting shops in order to preserve tax revenues, the Daily Mail newspaper reported on Saturday.

Britain's ministry for culture, media and sports, which regulates the gambling industry, launched a consultation in October into the maximum wagers that should be allowed on gambling machines, including those known as fixed-odds betting terminals.

These machines currently allow gamblers to bet as much as 100 pounds ($130) every 20 seconds in electronic versions of casino games like roulette, and some British lawmakers have called for this to be reduced to 2 pounds.

The Daily Mail cited a government source as saying Britain's finance ministry feared this would be "financially crippling" for tax revenues, and separately said Hammond had acted to ensure a clampdown on maximum gambling stakes was shelved.

But the sports minister overseeing the review, Tracey Crouch, described the article as "Fake news" on Twitter, without giving further details.

The culture and sports ministry said in a statement on Saturday that its review into stakes and prizes offered by gambling machines was still underway, and it expected to publish its conclusions in the autumn. Crouch told parliament in June that the review would not appear until October at the earliest.

Britain's finance ministry declined to comment.

Lawmakers opposed to the machines say they account for more than half of bookmakers' profits, and caused gamblers to lose 1.7 billion pounds in 2015.

The Daily Mail said the machines brought in more than 400 million pounds a year in tax revenues.

Share prices in bookmakers such as Ladbrokes Coral Group LCL. have fallen due to fears of curbs, and credit ratings agency Fitch said in March that restrictions would be likely to boost online gambling at the expense of high-street operations.

($1 = 0.7672 pounds)

Reporting by David Milliken; Editing by Andrew Bolton

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Investigation into Tasmania’s gambling industry continues – The Advocate

Posted: at 3:35 am

6 Aug 2017, 3 p.m.

Debate emerges on online gaming and poker machines

The negative effects of online gambling are nowhere near as bad as poker machine gambling, Tasmanian welfare advocates say.

Tasmanias welfare groups will continue to push for a ban of poker machines in pubs and clubs when a parliamentary inquiry into Tasmanias gaming industry resumes this week.

The state government last year directed an inquiry be established to look at the gaming industry in the state once Federal Hotels exclusive deed on poker machine licences expires in 2023.

The committee plans to have its final reporttabled in Parliament by the end of September.

Social and welfare advocates have recognised this as a once-in-a-lifetime opportunity to have poker machines confined to casinos.

Poker machine proponents, however, have argued that doing so will cost the state much-needed revenue, jobs in regional areas, and simply push gamblers towards other forms of betting, like online gaming.

Online gambling, and particularly sports betting, has givenwould-be punters 24-hour access to the activity; facilitated throughmobile phone technology.

In Februarys hearings, Federal Hotels and the hospitality industry said theybelieved online gaming to be a bigger threat to the Tasmanian community rather than the placement of poker machines in pubs and clubs.

Federal Hotels managing director Greg Farrell used Treasurys biennial study of the social and economic impacts of gambling to show that seven per cent of Tasmanians have played online.

He said this group wasfour times more likely to be problem gamblers, or at-risk of moderate to high-problem gambling, than poker machine players.

But social service organisations believe that problem online gamblers were aminuscule part of the states overall problem gambler contingent.

Anglicare Tasmania Social Action and Research Centre manager, Meg Webb, said there was no evidence to suggest reduced access to poker machines would push problem gamblers online.

There is no link between these two activities in any research, she said.

The motivations between these two forms of gambling are different.

While participation in online gambling is growing, it only accounts for a small part of problem gambling activity in Tasmania.

The clear and present danger is pokies.

The Salvation Armys Brad Watson said unlike poker machines, online gambling was a private activity and its consequences were not as well-documented.

He said in contrast to poker machine gambling, online gambling had not beenidentified as a concern by many of the organisationsclients who soughtsupport.

It is our understanding that the demographic engaged in online gambling suggested to be mostly younger, employed men would be different to unemployed or socially isolated people seeking community and activity through centres such as a gaming venue, Major Watson said.

The clear and present danger is pokies - Anglicare Tasmania Social Action and Research Centre manager, Meg Webb

Therefore, notwithstanding that all gambling has potential negative financial and social implications, the typical outcomes and most-likely-affected persons would be quite different.

A senate committee last year investigatedhow the government could bettercontrol the online gambling industry.

The Australian Psychological Society said the easy accessibility of online gambling hadresulted in issues for the federal government, who is responsible for regulations in the area, particularly over protection of minors.

The organisationtold the senate committeethat there needs to be more rigorous education programs andharm-minimisation approaches that otherwise would be applied to traditional forms of gambling.

It warned that the government should appreciate the diversity of online gamblers and not treat them as ahomogenous group.

Mission Australia chief executive officer Catherine Yeomans said the organisationsgambling counsellors hadnoted a growing problem in sports betting, particularly among young males.

Research confirms that sports betting has grown substantially and is emerging as a significant contributor to problem gambling, she said.

Our counsellors further report that the availability of credit and inducements frequently exacerbates these problems.

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Ex-MLB Commissioner Fay Vincent Says Sports Gambling Likely to Be Legalized Soon – Bleacher Report

Posted: at 3:35 am

Former MLB commissioner Fay Vincent said he believes legalized sports gambling is an inevitability that will fundamentally alter sports as we know it.

"I know that [gambling] is precisely why these prices are going up," Vincent told ESPN's David Purdum of the prices of sports franchises. "I've been really astonished and can't believe, with the amount of money that's going to flow to sports if gambling is permitted, that it's not a subject of interest. And no one seems to be paying attention."

Vincent, 79, was MLB's commissioner from September 1989 to September 1992. He's beenopposedto the reinstatement of Pete Rose and testified in support of theProfessional and Amateur Sports Protection Act, which restricted sports gambling to Nevada in 1992.

"In those days, we were very adamant against betting, because we had just been dealt and were dealing with the Pete Rose case," Vincent said. "We saw the risks and the danger of corruption, and we saw that the mafia was involved in some of the things we investigated. It's dangerous, and it's still dangerous. But I think the American public wants to bet, and it's already betting."

Since the institution of PASPA, illegal sports gambling has become rampant across the United States. Underground bookmakers have taken wagers for years, and the proliferation of the internet has made it even easier for fans to gamble. Offshore books and credit card companies have attempted to crackdown on illegal wagering, but anyone with the desire will be able to find a way.

By working to legalize sports gambling, leagues could find a way to share in the revenue generated. Betting kiosks are regular fixtures in sports stadiums across Europe, and the NFL has shut them down whenever it has taken its yearly trips to England.

"I don't know how the feds or the states are going to act, but the money will come to the leagues one way or another," Vincent said. "It will go to the teams. The unions are going to want a cut of it. The amount of money is going to mean enormous increases in players' compensation, and officials, too; I mean the entire sporting world is going to benefit enormously."

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