The MGM Springfield is one possible casino coming 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 outcomes had been split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The bigger vote arrived in town of West Springfield, where there had been a proposition to construct an $800 million intense Rock casino. The casino had been anticipated to be among the key rivals for the Western Massachusetts casino license.
But that project was dealt exactly what could possibly be a fatal blow on Tuesday, after the voters of West Springfield decided to reject the plan in a public referendum. About 55% of voters here voted against the casino, with 4,165 coming out contrary to the project versus just 3,413 for it. The loss came as a surprise to many, due to the fact campaign saw supporters associated with casino drastically outspend opponents.
That rejection narrows the competition for the casino that is sole in Western Massachusetts. At the moment, it would appear that only two candidates have actually a chance at that permit: an MGM task in Springfield, and a Mohegan Sun proposal that could be located in Palmer. The Palmer proposition still needs to be voted on by residents, while the MGM plan was approved by Springfield voters.
Heavy Investing No Assistance
The western Springfield casino would have been constructed on the site for the Eastern States Exposition, house towards the Big E the largest agricultural fair in New England. In the beginning, it appeared as if Hard Rock had chance that is little overcome initial opposition to the task. That changed a little as the casino string invested almost $1 million campaigning for the task and made promises about the total amount of income they would make for western Springfield annually.
Ultimately, though, opposition groups could actually make their case better, as well as the project was soundly defeated. The victory was regarded as a big win for anti-casino groups across the state, all of which are defectively financed compared to their pro-casino opponents.
One other vote into the state could have had a much more surprising result. A plan to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% of the vote in the town of Plainville. A complete of 1,582 voters came out in favor of the master plan versus only 502 against.
The win capped a remarkable turnaround for Plainridge. Simply last thirty days, state regulators determined that the track’s ownership group was unfit to compete for the solitary slots parlor license that was available. But Penn National produced move that is last-minute purchase the track, overpowering the slots parlor proposal as well. That was enough to fulfill the Gaming Commission, which provided their approval for the project.
Of course, not everybody was happy because of the racino’s approval.
‘ The procedure isn’t working,’ said Mary-Ann Greanier, a user of No Plainville Racino. ‘The safeguards we were told to expect aren’t occurring.’
The Plainville task will compete against racino proposals in Raynham and Leominster, though the Leominster project must be approved by still voters.
Along with these projects, there are additionally three applicants for a license within the Greater 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 license that is single in Southeastern Massachusetts, but at the time of yet, no developers have applied 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 many of the rules that govern betting in the Sunshine State. One area of attention is on pari-mutuel wagering: the betting that goes on during the state’s race tracks and frontons that are jai-alai the state. But industry insiders say that the first draft of guidelines that have been proposed by state regulators merely will not 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 form week that is last. The guidelines are designed to stop a number that is growing of methods that are obviously outside of lucky nugget casino what the state intends to enable at such venues. And even though several of those new rules work, those in the industry say that many merely show that regulators aren’t familiar sufficient with Florida’s gambling industry to make such sweeping changes.
‘Some of those sound right,’ stated Ken Stirling, executive director of the Florida Horsemen’s Benevolent and defensive Association. ‘ a number of them haven’t been thought out very well. One or two are pretty silly.’
One of the big areas covered in the draft rules is horse racing regulations designed to eliminate non-standard racing. Many in the industry agree that this is a good clear idea, as ‘barrel racing’ and ‘flag-drop’ racing happen seen by some operators in an effort to cheaply make payments that will also allow them to provide card spaces or slots alongside those races.
The latest rules would help put an end to such practices. They’d bar ‘the racing animal to alter program in reaction to any hurdles regarding the surface that is racing and make sure that jockeys conform to uniform and weight requirements that wouldn’t be an issue for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the regulations don’t stop there, and this is where some feel that the rules go wrong. According to Stirling, some of these rules could devastate the race industry if they aren’t changed.
For example, the regulations that are new need that most races have reached minimum six furlongs in total a thing that will make sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but making no sense for the industry all together.
‘[The rule that] no competition must be faster than…six furlongs…is a killer,’ Stirling said, noting that such races would be too long for two-year-old horses rushing into the summer. ‘That’s silly. We run child races at 4.5 furlongs and we’ve been doing it for a hundred years. I know they’re in Tallahassee, but we now have these things called phones.’
He also objected to a rule that states that every competition must have at the very least six horses a rule that could cause races to be canceled because of minute that is last.
Jai-Alai would be affected by the new regulations. For example, each location could be needed to possess eight certified players in rotation. This rule comes in response to a debate at Ocala Poker and Jai-Alai, which started the 2012 season with only two players.
While there might be issues with the rules, unit director Leon Biegalski says there shouldn’t be considered a nagging issue, and that the workshops were created to help iron out these problems using the industry’s assistance.
‘They’re draft rules. They’re a starting place. We should make sure that all the license holders and all the stake holders are on the page that is same terms of exactly what the regulation is that’s out there and what should be out there,’ Biegalski stated.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold
Casino industry leaders were probably just as excited as these citizens that are japanese news regarding the Tokyo 2020 Summer Olympic Games.
It is difficult to believe that 2020 is only seven years away, but that’s just how long we’ve before the Tokyo that is newly-granted summer will be upon us. But athletes-in-training will not end up being the only ones reaching for silver, because the global casino industry will also be attempting to accomplish what until recently has felt almost insurmountable: getting legal casinos sanctioned, developed, built, and up and running in time for you to drive the tourism wave that those Tokyo games are bound to bring in. With Japan the past great untapped Asian video gaming market, it’s a prize that lots of into the gaming industry are motivated to accomplish.
Could the Games be the required Push?
Japan infamous for decades of foot dragging regarding the legal casino issue now has extra motivation to create it all happen too; the island nation must find some 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 feasible casinos on the drawing boards, one in Tokyo and one other in Osaka, could generate $10 billion in yearly gambling revenues, making them exactly the money cows that the city needs to pay its way. Japan gambling industry specialist Grant Govertsen principal of Las Vegas-based Union Gaming Group states that amount would become more compared to the $6.2 billion that the whole Las vegas, nevada Strip took in for 2012; so it ain’t chump change.
Those revenues would produce an estimated 10 % per casino for Tokyo, not to point out licensing that is additional and local municipal fees. Govertsen told investors he’s bullish about the whole thing.
‘ We think the federal government should start thinking about integrated resort development, at least in Tokyo, being a way to help the related Olympics infrastructure arrived at fruition,’ he told investors after the Tokyo games announcement. And Govertsen isn’t the only one who smells money in the Asian metropolis; lots of the video gaming industry’s biggest players made tracks to Tokyo as soon as they heard the statement to see if they are able to scout out land for possible casino developments.
Industry Leaders Scouting Websites
Word is going that Sheldon Adelson’s Las Vegas Sands Corp. has its attention on a Tokyo Bay web site, on a piece of reclaimed land, and he is not the only person riding their 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 is apparently grossly exaggerated on a daily basis) have now been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody generally seems to want in on the potential Gold Rush of 2020.
‘Japan represents an opportunity that is historic tourism expansion in a nation with an incredibly rich cultural history,’ stated MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to re-energize the entire nation’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for pretty much couple of years, and both discussing possible business alliances along with testing the temperature for legislative passage.
And while Japan was not noted for moving quickly in this arena, the 2020 Tokyo Olympics could be simply the fire they need to create the gambling cooking pot to a boil at final.
‘In the actual situation of Tokyo, we think there would be significant government help to accomplish an integrated resort in time for the opening of 2020 Olympics,’ Govertsen stated.