Casino M8trix (San Jose, CA) - Page 13 - Venues & Communities -- Two Plus Two Poker Forums

Actually, they sound like much worse. Accountants.

Apparently they claimed that M8trix/Garden City made essentially zero net profit over the last couple of years. Paid themselves (another corporation) huge fees to license one of the Asian games, for their "Perfect Casino" software, etc.

From what I can see, they are behind the F&B and probably Security.

I would love to see the State dig and find out any ties between them and the "Corporation" at M8trix.

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05-15-2014 , 11:33 PM

#302

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,880

That shouldn't be hard. Remember, the original plans called for the Corporation to have their own office inside the casino.

Quote

05-16-2014 , 08:36 AM

#303

JDiamond364

old hand

Join Date: Aug 2011 Posts: 1,205

I used to work for those owners in a different capacity. I'm just going to say that this doesn't surprise me in the least.

Sent from my SGH-M919 using 2+2 Forums

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05-21-2014 , 03:17 PM

#304

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

Another Article on the situation.

Quote:

Quint’s allegations suggest the city botched its investigation or simply gave up trying to figure it out.

Hiring Allen Ruby means the owners know they are in deep.

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05-27-2014 , 03:52 AM

#305

donkitall

centurion

Join Date: Apr 2010 Posts: 164

These allegations sound pretty serious. What a web of deceit and misdirection.

Any idea what the final outcome will be?? Fines, suspensions, revoking them and forcing a sale??

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05-27-2014 , 04:54 AM

#306

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

MercNews Column

From the AG's complaint:

Quote:

Swallow's continued licensure is inimical to public health, safety, and welfare. Swallow is not a person of good character, honesty, and integrity. His prior activities pose a threat to the effective regulation and control of controlled gambling, and create or enhance the dangers of unsuitable, unfair, or illegal practices, methods, and activities in carrying on the business and financial arrangement incidental to the conduct of controlled gambling

Repeated on each "Cause for Discipline". Might be legalese, but clearly indicates that the AG wants Swallow et al out of Garden City.

They are asking for revoking/suspending the license and fining of Garden City Inc, Swallow, the Lunardi's and their Family Living Trust.

My guess would be a deal to have them sell everything to a new owner. The City will push for that because of the taxes they get from the place.

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05-27-2014 , 02:12 PM

#307

donkitall

centurion

Join Date: Apr 2010 Posts: 164

The place won't shut down. Tax revenue, jobs, etc... The last thing the city wants would be a closure.

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05-27-2014 , 02:36 PM

#308

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

Quote:

Originally Posted by donkitall

The place won't shut down. Tax revenue, jobs, etc... The last thing the city wants would be a closure.

This isn't the city leveling the charges. It is the state.

Would be interesting to see if Swallow's short attempt at running Hollywood Park Casino drew attention to his "non-standard methods".

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05-27-2014 , 05:11 PM

#309

orensi

grinder

Join Date: Jun 2005 Posts: 415

Quote:

Originally Posted by donkitall

The place won't shut down. Tax revenue, jobs, etc... The last thing the city wants would be a closure.

Im guessing that Thursday they will give them some sort of short term extension without officially renewing their license. They cant ignore the CA Attorney Generals office, but also cant just shut the casino down. They might get ~ 90 days to respond to the allegations etc.

At some stage the owners will have to decide if they want to fight this all the way or change ownership. Giving up ownership is extreme, but it looks like they did a horrible job of skimming money. They seemed to have left way too many paper trails.

History shows that they will take the stubborn path and then it could get ugly...

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05-27-2014 , 07:29 PM

#310

PunnyYouSayThat

Tattoo Commissioner

Join Date: May 2007 Posts: 5,097

someone will get paid off

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05-29-2014 , 03:28 PM

#311

donkitall

centurion

Join Date: Apr 2010 Posts: 164

Quote:

Originally Posted by AngusThermopyle

This isn't the city leveling the charges. It is the state.

Would be interesting to see if Swallow's short attempt at running Hollywood Park Casino drew attention to his "non-standard methods".

Doesn't matter.

It won't close. Change of ownership possible, but the place isn't shutting down.

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05-29-2014 , 05:20 PM

#312

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

No decision yet. Board will set a date for a new hearing tomorrow.

MercNewsArticle

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05-29-2014 , 11:34 PM

#313

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,880

I think there's a non-zero chance it does get shut down. San Jose will survive it.

Quote

06-14-2014 , 04:50 AM

#314

Illiterate

old hand

Join Date: Mar 2010 Posts: 1,237

So did anything ever happen with this story? Is this place still open?

Quote

06-14-2014 , 08:36 AM

#315

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

Quote:

Originally Posted by Illiterate

So did anything ever happen with this story? Is this place still open?

Still open.

Quote:

The four-member California Gambling Control Commission voted 3-1 Thursday May 29) to schedule a hearing to gather more evidence before deciding Casino M8trix's fate, delaying a final vote on the embattled card room's license. The regulatory panel indicated a hearing date several months from now would be set Friday (May 30).

No articles stating when the new hearing will be.

The California Gambling Control Commission (who has to re-approve the licenses) is separate from the California Attorney General's Bureau of Gambling Control (who made the claims of wrongdoing).

My guess for a final outcome would be the club stays open with the owners, the GM and the Corporation losing their licenses and a forced sale/receivership.

Quote

06-16-2014 , 03:09 AM

#316

Captain Ron

adept

Join Date: Nov 2008 Posts: 942

I closed my box last week, because honestly this place is a trainwreck.

Quote

06-18-2014 , 06:27 AM

#317

donkitall

centurion

Join Date: Apr 2010 Posts: 164

The NL games are pure action. I couldn't care less about the legal stuff. Players are giving their money away at this place.

Go ahead and close your box, good luck finding games with more fish than this place.

Quote

06-30-2014 , 02:52 PM

#318

donkitall

centurion

Join Date: Apr 2010 Posts: 164

Anyone else hear that Hayden got the boot?? That is the talk around the room, some of the employees were talking about it.

Quote

06-30-2014 , 05:57 PM

#319

chillrob

Carpal \'Tunnel

Join Date: May 2007 Posts: 21,056

Quote:

Originally Posted by donkitall

I imagine he meant he was closing his box because the place could get shut down, or that management is shady enough that it is a big risk. I wouldn't want to trust a place like that to keep my money.

It is a shame though; I have never been to the new casino, but I really liked the old Garden City room, much better than Bay 101.

Quote

07-19-2014 , 01:59 PM

#320

3aces

journeyman

Join Date: Feb 2012 Posts: 252

I was at M8trix last night. They had two 10/25 tables going and a board with at least 10 names on it. I played 2/3/5 and that board had 25 names on it.

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08-09-2014 , 02:54 PM

#321

yivo

enthusiast

Join Date: May 2013 Posts: 50

any new news of them closing down?

Quote

08-09-2014 , 03:19 PM

#322

AngusThermopyle

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Join Date: Feb 2005 Posts: 14,929

No news.
I doubt if the State will close them down.
Probably give the owners X amount of time to sell the place.

Quote

08-24-2014 , 03:18 AM

#323

donkitall

centurion

Join Date: Apr 2010 Posts: 164

I doubt it also.

There are 2 separate owners of the casino, doubt they would make them both sell.

Quote

08-24-2014 , 04:29 PM

#324

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,880

I think they would. They probably wouldn't be able to tell that one of the parties was "innocent", so they would want to flush all the old ownership out.

Quote

08-24-2014 , 05:10 PM

#325

AngusThermopyle

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 14,929

There are technically three owners. Swallow & the two Lunardi's.
And the AG's complaint named all three, although she seemed to come down heavier on Swallow.
Interesting that the charge the AG listed first was that Swallow had a financial interest in the Corporation, which is a big no-no.

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