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Public Policy Updates – What happens in Vegas

December 18th, 2008 at 12:51 pm

Public Policy UpdatesWhat happens in Vegas should stay in Vegas! Grand juries in Tarrant (Fort Worth) and Bexar (San Antonio) counties indicted Chairman Gordon Graves and 22 other officers, employees and directors of Aces Wired in November. Aces Wired is a well-financed and politically powerful Dallas-based company whose slot machine-like gambling devices called 8-liners have blurred the line between legal and illegal gambling. Over $400,000 in political contributions in the past several years has been traced back to Aces Wired management and employees.
Aces Wired allowed players to accrue winnings on stored value debit cards.  Players could utilize the stored value cards like cash and purchase merchandise at retailers across the State.  The company continued to operate these machines despite a March 6, 2007 Attorney General Opinion which clearly acknowledged that rewarding players with stored-value cards enabling the purchase of merchandise was illegal in Texas. On May 21, 2008, the Texas Attorney General, The Texas Department of Public Safety and local authorities shut down Aces’ locations in Dallas, Fort Worth, Corpus Christi, San Antonio, and Copperas Cove.

Similar charges may be pending in Nueces County. The charges, brought under organized-crime statutes, are all gambling-related felonies. They include operating a place of gambling, money laundering, and tampering with evidence.

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