The MGM Springfield is one casino that is possible to Massachusetts in the near future; it got a thumbs up from local voters this week
This previous week saw a great amount of voting taking place across Massachusetts, including two key votes on proposed casino projects within the state. The results had been split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The larger vote arrived in town of West Springfield, where there was a proposal to construct an $800 million tricky Rock casino. The casino was expected to be one of the key competitors for the Western Massachusetts casino license.
But that project ended up being dealt what could possibly be a deadly blow on Tuesday, after the voters of West Springfield decided to reject the plan in a referendum that is public. About 55% of voters here voted against the casino, with 4,165 coming out from the project versus just 3,413 for it. The loss came as a surprise to many, once the campaign saw supporters of the casino opponents that are drastically outspend.
That rejection narrows the competition for the sole casino license in Western Massachusetts. At the brief moment, it seems that only two applicants have actually a chance at that permit: an MGM project in Springfield, and a Mohegan Sun proposal that would be located in Palmer. The Palmer proposal nevertheless needs to be voted on by residents, while the MGM plan was approved by Springfield voters.
Heavy Spending No Assistance
The West Springfield casino would have been constructed on the web site associated with the Eastern States Exposition, house to the Big E the largest agricultural fair in New England. Early, it appeared as though Hard Rock had chance that is little overcome initial opposition to the project. That changed a little as the casino chain invested nearly $1 million campaigning for the task and made promises about the amount of revenue they would generate for West Springfield yearly.
Ultimately, though, opposition teams had the ability to make their case better, as well as the project was soundly defeated. The victory had been seen as a big victory for anti-casino teams across the state, all of that are poorly financed in comparison to their pro-casino opponents.
One other vote within the state could have had a much more surprising outcome. A plan to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% of the vote in the town of Plainville. An overall total of 1,582 voters arrived in favor of the plan versus only 502 against.
The win capped a remarkable turnaround for Plainridge. Just last month, state regulators determined that the track’s ownership group was unfit to compete for the solitary slots parlor permit which was available. But Penn National produced last-minute relocate to purchase the track, overtaking the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which gave their approval for the task.
Needless to say, not everybody was delighted because of the racino’s approval.
‘ The process isn’t working,’ said Mary-Ann Greanier, a known member of No Plainville Racino. ‘The safeguards we were told you may anticipate aren’t occurring.’
The Plainville project will compete against racino proposals in Raynham and Leominster, though the Leominster project must still be approved by voters.
Along with these projects, there are also three applicants for a license within the better Boston area: a Foxwoods proposal in Milford, a Wynn Resorts casino task in Everett, and a Suffolk Downs project in East Boston. There is also a solitary license available in Southeastern Massachusetts, but as of yet, no developers have used for a license for the reason that region.
Gambling Business Criticizes Very First Draft of Florida Pari-Mutuel Rules
Parimutuel wagering and jai-alai are getting the focus as Florida reviews its racetrack and betting rules.
In an attempt to reform their state’s gambling industry, Florida is working on several fronts towards clarifying and changing lots of the rules that govern betting in the Sunshine State. One part of attention is on pari-mutuel wagering: the betting that goes on during the state’s race tracks and jai-alai frontons throughout their state. But industry insiders state that the first draft of rules that have actually been proposed by state regulators just won’t work.
Workshop to Hammer Out Wagering Rules
Those rules will ultimately be discussed at a workshop with the Division of Pari-Mutuel Wagering on October 16, but were first released in a draft kind final week. The guidelines are made to stop a growing number of questionable practices that are clearly outside of what the state intends to enable at such venues. And while many of these new rules work, those into the industry say that numerous merely show that regulators aren’t familiar enough with Florida’s gambling industry to produce such sweeping changes.
‘Some of those make sense,’ said Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ Some of them have actuallyn’t been thought out very well. One or two are pretty silly.’
One of many big areas covered in the draft rules is horse racing regulations designed to expel racing that is non-standard. Many in the industry agree that this is an idea that is good as ‘barrel racing’ and ‘flag-drop’ racing are seen by some operators in an effort to cheaply earn payments that will also enable them to provide card rooms or slots alongside those races.
The newest rules would help put an end to such practices. They would bar ‘the rushing animal to lucky nugget casino bonus codes 2017 change program in reaction to virtually any hurdles regarding the surface that is racing and ensure that jockeys conform to uniform and fat demands that wouldn’t be a problem for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the laws don’t stop there, and that’s where some feel that the rules go wrong. According to Stirling, some of those guidelines could devastate the race industry if they aren’t changed.
For example, the regulations that are new require that most races have reached least six furlongs in total something which might create sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but which makes no sense for the industry all together.
‘[The guideline that] no race must be faster than…six furlongs…is a killer,’ Stirling said, noting that such races would be too long for two-year-old horses racing in the summer. ‘That’s silly. We run infant races at 4.5 furlongs and we’ve been doing it for a 100 years. I know they’re in Tallahassee, but we have these things called phones.’
He also objected to a rule that states that each and every competition must have at the very least six horses a guideline that may cause races to be canceled due to minute that is last.
Jai-Alai would additionally be affected by the regulations that are new. For instance, each venue is required to own eight players that are certified rotation. This rule comes in response to a controversy at Ocala Poker and Jai-Alai, which began the 2012 season with only two players.
While there could be issues with the rules, division director Leon Biegalski says there shouldn’t be a nagging problem, and that the workshops were created to help iron out these issues because of the industry’s assistance.
‘They’re draft rules. They’re a starting place. We want to make sure that all of the license holders and all the stake holders are on the exact same page in terms of exactly what the regulation is that’s around and what ought to be out there,’ Biegalski stated.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold
Casino industry giants were probably just like excited as these citizens that are japanese news of the Tokyo 2020 Summer Olympic Games.
It is difficult to think that 2020 is just seven years away, but that’s just how long we’ve before the newly-granted Tokyo Summer Olympics will be upon us. But athletes-in-training will not function as the only ones reaching for gold, since the global casino industry will also be trying to achieve what until recently has seemed very nearly insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time to ride the tourism wave that people Tokyo games are bound to bring in. With Japan the very last great untapped Asian video gaming market, it’s a prize that numerous into the video gaming industry are motivated to obtain.
Could the Games be the Needed Push?
Japan infamous for decades of foot dragging in the legal casino issue now has extra motivation to make it all happen too; the island nation must find a way to foot the expected $1.53 billion bill they are going to be underwriting to produce the venues and infrastructure necessary to host a season that is olympic. To that particular end, two casinos that are possible the drawing boards, one in Tokyo and the other in Osaka, could bring in $10 billion in yearly gambling revenues, making them exactly the cash cows that the city needs to pay its way. Japan gambling industry expert Grant Govertsen principal of Las Vegas-based Union Gaming Group claims that amount would be much more than the $6.2 billion that the entire Las Vegas Strip took in for 2012; so it ain’t chump change.
Those revenues would produce an estimated ten percent per casino for Tokyo, to not point out licensing that is additional and local municipal fees. Govertsen told investors he could be bullish about the whole thing.
‘ We think the national federal government should think about incorporated resort development, at the very least in Tokyo, as being a way to help the related Olympics infrastructure arrived at fruition,’ he told investors following Tokyo games announcement. And Govertsen isn’t the only one who smells profit the Asian metropolis; lots of the gaming industry’s biggest players made tracks to Tokyo just while they heard the statement to see if they are able to scout out land for prospective casino developments.
Industry Leaders sites that are scouting
Term is out that Sheldon Adelson’s Las Vegas Sands Corp. has its attention on a Tokyo Bay web site, on a bit of reclaimed land, and he’s not the only person riding his covered wagon across the prairie to stake some land out. American behemoths MGM Resorts International and Caesars Entertainment Corp. (the latter of who’s death seems to be grossly exaggerated for a daily basis) were spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everyone seems to want in regarding the potential Gold Rush of 2020.
‘Japan represents a historic chance of tourism expansion in a country with an incredibly rich cultural history,’ stated MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to re-energize the whole nation’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for pretty much 2 yrs, and both discussing possible business alliances in addition to testing the temperature for legislative passage.
Even though Japan hasn’t been noted for moving quickly in this arena, the 2020 Tokyo Olympics could possibly be simply the fire they need to bring the gambling pot to a boil at last.
‘In the case of Tokyo, we think there would be government that is significant to complete an integrated resort in time for the opening of 2020 Olympics,’ Govertsen said.