NY Instances Studies DraftKings, del Lago Subpoenaed in Federal Inquiry
Posted on: Might 29, 2021, 11:57h.
Final up to date on: Might 29, 2021, 11:57h.
A outstanding New York lobbyist and at the least two gaming corporations, together with DraftKings, he represents have been subpoenaed by federal officers based on the New York Instances.
The Instances reported Friday that the US Lawyer within the Southern District of New York sought information from Patrick B. Jenkins. He owns Patrick B. Jenkins & Associates, a agency based mostly in Queens.
Jenkins, who can be an in depth affiliate of Meeting Speaker Carl Heastie, D-Bronx, is reportedly not a goal in a federal probe, sources informed the paper.
Along with his position as a lobbyist, Jenkins has additionally labored as a guide for Heastie throughout political campaigns. The 2 males have a relationship relationship again to school once they had been roommates.
Moreover DraftKings, the opposite consumer of Jenkins that has been subpoenaed is the del Lago Resort and On line casino in Waterloo. Whereas information have been sought, the report mentioned there was no indication that both firm can be beneath investigation.
Neither DraftKings nor del Lago returned messages looking for remark. DraftKings operates a retail sportsbook at del Lago, which is positioned between Rochester and Syracuse in upstate New York.
Agency Represented Casinos, Sportsbooks, Leagues
In line with information from the New York State Joint Fee on Public Ethics (JCOPE), the consumer checklist for Patrick B. Jenkins & Associates this yr reveals 37 companies or organizations. That features 4 gaming corporations – del Lago, DraftKings, FanDuel, and Genting New York – and three main skilled sports activities organizations – MLB, NBA, and the PGA Tour.
Information present that from January to April of this yr, the lobbying agency has acquired greater than $222,000 from these purchasers. Greater than half of that got here from Genting.
The agency represented these purchasers on a sports activities betting invoice filed by Assemblyman Gary Pretlow, D-Mount Vernon, and state Senator Joseph Addabbo, D-Queens. That included a “communication” to state lawmakers, based on JCOPE information.
As well as, lobbyists from the agency additionally carried out work for his or her purchasers on the price range invoice. That invoice included the compromise sports betting legislation reached between lawmakers and Gov. Andrew Cuomo. Addabbo and the state Senate additionally sought to expedite the licensing course of for the downstate on line casino licenses.
As a substitute of expediting, the price range settlement ended up together with a request for data on the downstate licenses.
The price range additionally permits the 4 upstate casinos to hunt reductions within the taxes they pay on slot machine revenues.
Newest Investigation into New York Politics
An investigation into New York politics is nothing new. In truth, the Cuomo Administration proper now could be juggling a number of ones by state lawmakers, the state legal professional basic, and the US Lawyer in New York’s Japanese District.
The inquiries into the administration embody a evaluate of the way it dealt with nursing houses, reported knowledge on COVID-19 deaths from these services, and whether or not administration officers purposefully withheld data from state and federal lawmakers.
Cuomo can be beneath hearth for a number of sexual harassment claims and has come beneath scrutiny for getting greater than $5 million for a e-book on his management. The Meeting Judiciary Committee is contemplating whether or not to question the three-term governor, who can be planning to run for re-election subsequent yr.
Whereas Jenkins has labored for Cuomo beforehand, it’s unknown if there’s any correlation between the inquiries the Instances reported and any investigation into the governor.
Regardless of the allegations and investigations, bettors at PredictIt imagine Cuomo will climate the storm this yr.
Shares on whether or not he stays in workplace this yr are buying and selling at 78 cents for “sure” bettors. If that holds, profitable shareholders would obtain $1 per share. That places the chances at roughly -357.
Different Cuomo markets on the political buying and selling web site embody whether or not he’ll resign or face impeachment by Sept. 1. Costs on “sure” shares there are considerably decrease. Shares on his resignation promote for six cents and impeachment shares promote for 8 cents.