Massachusetts legalized commercial casino gambling by way of its 2011 Expanded Gaming Act. While Massachusetts law permits loans with interest rates greater than 20% — but only if the lender notifies the state attorney general’s office of the contractual arrangement and receives approval — gaming floors are protected from lenders seeking loanees.<\/p>\n
Each of the three casinos may issue gaming credit to patrons. But aside from the actual gaming operators extending credit to gamblers, the casinos are supposed to be free of financial lending.<\/p>\n
\nNo gaming establishment, nor any person acting on behalf of the gaming establishment, shall cash any check, make any loan or otherwise provide or allow to any person any credit or advance of anything of value,”<\/strong> the 2011 Expanded Gaming Act mandates.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"A 50-year-old Massachusetts woman is facing criminal usury charges — better known as loansharking — for her alleged criminal operation that authorities say she ran inside Encore Boston Harbor. Attorney General Maura Healey’s office alleges that Kimanh Le of Quincy has been charged with four criminal usury charges in relation to her April 10, 2022 […]<\/p>\n","protected":false},"author":25,"featured_media":209661,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\n
Massachusetts Woman Indicted on Casino Loansharking Charges<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n