Iowa Lo<span id="more-3201"></span>ttery Worker Arrested for Keeping $16.5 Million Lottery Ticket

After an investigation that is four-year Iowa Lottery officials believe a member of staff fraudulently won the $16.5 million Hot Lotto jackpot. (This winning ticket was from a previous Lotto draw for the same amount).

Iowa Lottery officials say they’ve finally solved a mysterious four-year investigation regarding the unidentified owner of a $16.5 million Hot Lotto ticket that is winning.

The path led authorities to an unlikely source: a lottery worker who himself isn’t permitted buying a ticket, as a matter of conflict of interest.

The Iowa Division of Criminal Investigation claims 51-year-old Eddie Raymond Tipton purchased the ticket in 2010, despite being prohibited from playing due to their employment due to the fact manager of data securities with the Multi-State Lottery Association.

Investigators determined that Tipton visited great lengths to conceal his identity and accumulate on the ticket that is winning the assistance of others.

After digging through among the most complex scandals within the state’s 26-year lottery history, detectives hit paydirt when they gave immunity to A canadian guy, Philip Johnston, who was simply hired by Tipton. The data received resulted in Tipton’s arrest this and he is currently being held on $10,000 bail at the Polk County Jail on two felony counts of fraud week.

Hot Lotto, Cold Case

Tipton is charged with purchasing A hot lotto ticket on December 29, 2010, at A diverses Moines Quick Trip gas station.

At the time, the jackpot was valued at $16.5 million, with a cash option of $10,750,000. The Iowa Lottery unveiled a ticket that is winning been sold, nevertheless no winner had come forward.

Within the issue, county prosecutors assert that Tipton contacted a Texas attorney who arranged to hire Johnston to claim the jackpot, but lottery officials refused to payout following the Canadian’s tale didn’t accumulate.

The case went unsolved until simply hours ahead of the one-year claiming deadline.

A trust set up to protect the identity of the winner in December of 2011, New York attorney Crawford Shaw presented the winning ticket on behalf of Hexam Investments Ltd. When Shaw refused to answer questions about the ticket purchaser’s identification and people involved with its handling, payment ended up being denied.

Authorities were not certain whether the owner that is original of admission had been the victim of a nasty criminal activity or had committed a crime, but they did understand something smelled fishy.

Whenever surveillance video clip was made public of a disguised tipton purchasing the ticket, a former co-worker arrived forward. Authorities also collected proof after granting Johnston immunity in return for information on the ticket owner that is original.

Ironic Twist

Headquartered in Iowa, the Multi-State Lottery Association (MUSL) is just a group that is non-profit of 31 member states, the District of Columbia, and U.S. Virgin isles.

In addition to the Lotto that is hot offshore Powerball and coordinates with Mega Millions. Tipton’s work performance in information safety may have ironically resulted in his downfall.

Iowa Lottery CEO Terry deep told reporters, ‘ We now have strong safety procedures in place to protect and ensure the integrity of our games and we positively believe this instance indicated those processes worked to protect lottery players, lottery games, and lottery awards.’

Since Tipton had been aware of confidential security information and protocol, he was banned from playing the lottery, but nonetheless felt his scheme would not be detected. ‘We all understand there can be individuals who will try and beat the machine. We have actually and can continue to upgrade our security procedures to identify vulnerabilities to force away them,’ Rich explained.

Hot Lotto isn’t televised drawing. Alternatively, the lottery makes use of random number generators. Investigators will continue to examine the scenario, while they hope to determine whether Tipton somehow influenced the computer’s generated numbers.

Caesars Bankruptcy Plans Get Destroyed In Court

Caesars’ intends to restructure its astronomical debt has met a hurdle that is big the proper execution folks District Judge Shira Scheindlin, who says that its plans really are a violation of federal law. (Image:

Caesars Entertainment’s (CZR) plans to put its main operating arm, Caesars Entertainment running business (CEOC), into Chapter 11 bankruptcy hit a major setback this week when a

New York judge ruled that its reorganization efforts have violated federal legislation.

Caesars was involved in months of litigation and negotiation along with its bondholders as it attempts to restructure some $18 billion of its debt.

But the team’s reduced level creditors argue that its restructuring plan, worked out with its major creditors, unjustly protects the company’s passions at the expense of their own.

When Caesars filed for voluntary bankruptcy court in Chicago the other day, these creditors had already filed a suit of their against Caesars, for involuntary bankruptcy, three days earlier in a court in Delaware.

The hearing this in Manhattan was an attempt by Caesars to have the Delaware filing dismissed, a move that ultimately caused the company more harm than good week.

Render Unto Caesars…

US District Judge Shira Scheindlin was critical of CZR, ruling that creditors’ accusations in regards to the transfer of valuable properties far from CEOC over the summer, as well as the CZR’s elimination of guarantees for creditors, were a violation of the federal Trust Indenture Act of 1939.

It absolutely was exactly this type or kind of ‘impermissible out-of-court restructuring’ that the Act was made to avoid, she said.

Caesars’s astronomical, industry-high debt comes from 2008 when it absolutely was purchased out by Apollo worldwide Management and TPG Capital in a $30.1 billion takeover.

This ended up being just like the recession began to ravage the casino industry in the usa, and Caesars, then with 50 casinos throughout the US, bore the brunt of that recession.

Caesars has lost money every year since 2009, and recently posted Q3 losses of $908.1 million.

It has consistently struggled to pay the interest on its debt, last month defaulting on a $225 million payment.

In accordance with Judge Scheindlin, the bondholders that are dissident issue alleges that Caesars’ ‘ultimate plan’ is always to put CEOC ‘into bankruptcy while protecting Apollo Management LP and TPG Inc. from CEOC’s creditors.’

The band of creditors has also accused the company of trying to develop a ‘good Caesars’ and a ‘bad Caesars,’ anyone to own the valuable and properties that are iconic someone to keep the debt.

Bankruptcies Frozen

Caesars has countered that the group is wanting ‘to wreak havoc on the process that is orderly debtors, their specialists, and the many consenting stakeholders have been get yourself ready for months.’

‘We believe this restructuring is in the best interests of CEOC’s stakeholders and will result in a capital that is sustainable for CEOC and value creation for all stakeholders,’ stated Gary Loveman, CEO of Caesars Entertainment and chairman of CEOC, recently. ‘The restructuring of CEOC is the culmination of an effort that is years-long improve the wellness of CEOC’s balance sheet, which has included significant investment in brand new and upgraded assets, particularly in Las Vegas.’

Meanwhile, the two bankruptcy instances are effectively frozen until the judge in Delaware decides which court shall preside over the bankruptcy proceedings.

This week in a statement, Caesars spokesman Stephen Cohen said the company was unfazed by the court ruling. ‘Given how big is the claims at issue and our strong defenses, we do not really expect the ruling to influence the planned reorganization,’ he said.

NCLGS Adopts Policy Framework for Online Gambling Regulation

NCLGS president Helene Keeley says that the organization’s framework shall give states guidance on crafting on the web gambling legislature. (Image:

The National Council of Legislators from Gaming States (NCLGS) has voted to adopt a policy framework which was first published last November.

The NCLGS, which will be made up of legislators from many states that have active gambling industries, has been working on the insurance policy framework since 2013.

Known as the Policy Framework for the Regulation of Internet Gaming, the NCLGS policy statement was built to provide states some guidance in how to enact Web gambling legislation when they decide to do so.

Following the latest amendments towards the framework, it was explained that the NCLGS was not building a declaration for or against online gambling, but alternatively providing a basic framework that legislators could work from when developing their own online gambling legislation.

‘ Thanks to your input of a numerous interested parties, the Framework is balanced and informed and, we’m proud to say, is just a hallmark of NCLGS efforts to date,’ said State Representative Helene Keeley, (D-Delaware), president associated with NCLGS. ‘It’s time for states that are more likely to welcome Internet gambling to take a look that is in-depth what the Framework provides.’

Framework Highlights Ten Areas of Focus

The main focus of the framework was to handle the most important areas that governments should regulate when legalizing on line gambling.

In particular, ten issues were highlighted, including taxation and licensing to payment processing, verifying player identities (including age and location), just how to create multi-jurisdictional agreements, and exactly what games may be offered.

While the framework isn’t legislation on its own, it may be utilized as a structure that is bare-bones which a law may be built.

The presence of the framework could eventually prove valuable in future efforts to manage on line gambling, and not just because it gives a kick off point.

Simply having an NCLGS framework to function from should provide legislators with desire for the problem some credibility, as it demonstrates serious thought and input went into the problem from a number of parties.

It might additionally help ensure that states will work through the same fundamental playbook on the issue, increasing the chances that state regulations will be compatible with one another into the future.

While the framework is very similar to the one released in November after a round that is second of (albeit with some amendments, including stronger protection for player funds), it could not be considered an official NCLGS policy framework until this month’s vote.

Commentators who had influence in the framework include the Alderney Gambling Control Commission and also the us Association of State and Provincial Lotteries.

More States Considering On Line Gambling in 2015

The NCLGS framework comes at a time when an ever-increasing number of states are considering online gambling legislation.

In California, legislators are yet again giving Internet poker a look, with Assemblyman Mike Gatto having already introduced a bill in today’s session, albeit one with some controversial clauses.

In other states, online gambling efforts are facing longer odds.

In Washington, efforts are underway to decriminalize on line gambling and perhaps also control poker that is online though the bill leaves nearly all of the actual regulations to the state video gaming commission.

Meanwhile, Representative Bobby Moak (D-53rd District) has introduced yet another Web gambling bill in Mississippi, though the prospects for the law seem little better compared to previous years.