Bike Casino in Southern California Raided by Federal Detectives

Bike Casino in Southern California Raided by Federal Detectives

The Bicycle Casino is incorporating another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of Los Angeles in Bell Gardens was raided by federal officials on Tuesday early morning, but law enforcement departments are staying peaceful on the details of the procedure.

Governor Jerry Brown (D), left, attended the ribbon cutting of the Bicycle Casino’s hotel expansion in 2015 alongside Bike Managing General Partner and CEO Hashem Minaiy. 2 yrs later, the owners are now actually allegedly entangled in a federal investigation that is financial.

The raid will be carried out by the usa Department of Homeland protection, and its particular Immigration and Customs Enforcement (ICE). According to media that are local, the US Attorney’s Office, IRS, California Bureau of Gambling Control, and the Financial Crimes Enforcement Network (FinCEN) are also involved.

ICE spokeswoman Virginia Kice stated, ‚Because the warrant is under seal, we aren’t able to comment on the range or nature of the investigation.’

But, Fox 11 in l . a . says the sting is in reaction to alleged money allegations that are laundering the casino. All gambling happens to be shutdown as investigators sweep the Bike, since it’s affectionately known.

Since 1996, FinCEN has required gambling enterprises to file Currency Transaction Reports for any customer transacting $10,000 or more in a day that is single.

Di Read more

French Protest Over Proposed Changes to Horse Racing Betting

French Protest Over Proposed Changes to Horse Racing Betting

Anger happens to be simmering in France over issues associated to gambling for more than a year and Wednesday it arrived to a boil as more than 2,000 people took to the streets to protest prospective changes to the horse racing industry.

More than 2,000 people descended on the Ministry of Finance office in Paris Wednesday to protest proposed changes to France’s horse racing industry.

The demonstrators were made up of mostly thoroughbred and trotting employees and assembled in Paris at the finance ministry building in a peaceful, but rally that is dynamic. They’ve been fearful proposed alterations could put them away from work.

They had been concerns that are voicing a plan with gambling machines that the federal government desires to install around the country, also as falls in revenue that they believe is also the fault of elected officials.

Wagering Machines Opposed

Horse racing is big business in France and has among the world’s premiere events, the Prix de L’Arc de Triomphe, which is run the very first Sunday of October and happens to be in existence since 1920.

Its widely thought that the sport of kings is the best in all of Europe.

The industry is rich in tradition since Joseph Oller, who was additionally co-founder of the Moulin-Rouge, created pari-mutual betting in 1891. Pari Mutuel Urbain (PMU) was developed in 1930 and has now managed wagering since, both on and off the track.

The issue that is main authori Read more