The MGM Springfield is one feasible casino coming to Massachusetts in the longer term; it got a thumbs up from local voters this week
This previous week saw an abundance of voting taking place across Massachusetts, including two key votes on proposed casino tasks within the state. The outcomes were 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 create an $800 million Hard Rock casino. The casino ended up being likely to be one of many key rivals for the Western Massachusetts casino license.
But that task ended up being dealt what could be a deadly blow on Tuesday, after the voters of western Springfield decided to reject the plan in a general public referendum. About 55% of voters there voted against the casino, with 4,165 coming down up against the project versus just 3,413 for this. The loss came as a surprise to many, since the campaign saw supporters associated with 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 a chance at that license: an MGM project in Springfield, and a Mohegan Sun proposition that could be located in Palmer. The Palmer proposition nevertheless needs to be voted on by residents, while the MGM plan was approved by Springfield voters.
Heavy Investing No Help
The western Springfield casino would have been built on the web site of the Eastern States Exposition, house to the Big E the largest agricultural fair in New England. In the beginning, it showed up as though Hard Rock had little chance to overcome initial opposition to the task. That changed a little as the casino string spent almost $1 million campaigning for the project making promises about the total amount of revenue they would make for West Springfield yearly.
Ultimately, however, opposition groups were able to make their instance better, and also the task was soundly defeated. The victory was seen as a big victory for anti-casino teams across the state, all of that are poorly financed compared to their pro-casino opponents.
The other vote within the state might have had a much more result that is surprising. In the town of Plainville, an idea to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% of this vote. A total of 1,582 voters came out in favor of the master plan versus only 502 against.
The win capped a remarkable turnaround for Plainridge. Just month that is last state regulators determined that the track’s ownership group was unfit to compete for the solitary slots parlor permit which was lucky nugget com 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.
Of course, not everyone was pleased with 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 to 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.
A Wynn Resorts casino project in Everett, and a Suffolk Downs project in East Boston along with these projects, there are also three applicants for a license in the Greater Boston area: a Foxwoods proposal in Milford. There’s also a license that is single in Southeastern Massachusetts, but as of yet, no developers have applied for a license for the reason that area.
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 effort to reform the 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 jai-alai frontons throughout their state. But industry insiders say that the first draft of guidelines that have been proposed by state regulators simply 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 type week that is last. The rules are made to stop a growing number of questionable practices that are demonstrably outside of what the state intends to enable at such venues. Even though some of these new rules work, those within the industry say that many merely reveal that regulators aren’t familiar enough with Florida’s gambling industry to produce such sweeping changes.
‘Some of them make sense,’ stated Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ a number of them haven’t been thought out really well. One or two are pretty silly.’
One of many big areas covered in the draft rules is horse racing regulations designed to eliminate racing that is non-standard. Many in the industry consent that this is a good notion, as ‘barrel racing’ and ‘flag-drop’ racing are seen by some operators in order to cheaply make payments that will also allow them to provide card rooms or slots alongside those events.
The newest rules would help put a conclusion to practices that are such. They might bar ‘the racing animal to improve course in reaction to virtually any obstacles in the racing surface’ and ensure that jockeys conform to uniform and weight 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 incorrect. According to Stirling, some among these rules could devastate the racing industry if they aren’t changed.
As an example, the new regulations would need that most races are at least six furlongs in length something which might make sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but helping to make no sense for the industry as a whole.
‘[The guideline that] no race must be smaller than…six furlongs…is a killer,’ Stirling said, noting that such races would be too long for two-year-old horses racing within the summer. ‘That’s silly. We run baby races at 4.5 furlongs and we’ve been doing it for a hundred years. I know they truly are in Tallahassee, but we now have these things called phones.’
He also objected to a rule that states that each battle must have at the very least six horses a guideline that could cause races to be canceled as a result of last minute scratches.
Jai-Alai would be affected by the regulations that are new. For example, each place would be needed to have eight players that are certified rotation. This rule comes in response to a debate at Ocala Poker and Jai-Alai, which started the 2012 season with just two players.
While there may be problems with the rules, unit director Leon Biegalski says there shouldn’t be a nagging issue, and that the workshops were created to help iron out these problems with the industry’s help.
‘They’re draft rules. They’re a kick off point. You want to make sure that all the permit holders and all the stake holders are on the page that is same terms of exactly what the regulation is that’s around and what must be out there,’ Biegalski said.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Silver
Casino industry leaders were probably just like excited as these citizens that are japanese news of the Tokyo 2020 Summer Olympic Games.
It is hard to think that 2020 is only seven years away, but that’s just how long we have before the newly-granted Tokyo Summer Olympics will be upon us. But athletes-in-training will not function as the only ones reaching for silver, because the casino that is worldwide may also be attempting to accomplish what until recently has felt almost insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time for you to drive the tourism wave that people Tokyo games are bound to bring in. With Japan the final great untapped gaming that is asian, it’s a prize that numerous in the gaming industry are motivated to attain.
Could the Games be the Needed drive?
Japan infamous for decades of foot dragging in 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 will be underwriting to create the venues and infrastructure necessary to host A olympic season. To that end, two feasible casinos on the drawing boards, one in Tokyo and the other in Osaka, could make $10 billion in yearly gambling revenues, making them exactly the cash cows that the city has to pay its way. Japan gambling industry specialist Grant Govertsen principal of Las Vegas-based Union Gaming Group says that amount would become more than the $6.2 billion that the entire Las Vegas Strip took set for 2012; so it ain’t chump change.
Those revenues would produce an estimated ten percent per casino for Tokyo, to not point out additional licensing fees and local municipal fees. Govertsen told investors he could be bullish about the whole thing.
‘ We think the government should think about integrated resort development, at least in Tokyo, being a way to assist the associated Olympics infrastructure come to fruition,’ he told investors following a Tokyo games announcement. And Govertsen isn’t the only person who smells profit the Asian metropolis; many of the video gaming industry’s biggest players made tracks to Tokyo just while they heard the statement to see if they could scout out land for potential casino developments.
Industry Leaders sites that are scouting
Term has gone out that Sheldon Adelson’s Las Vegas Sands Corp. has its eye for a Tokyo Bay site, on an item of reclaimed land, and he is maybe 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 whom’s death appears to be grossly exaggerated for a day-to-day basis) are spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody appears to want in regarding the potential Gold Rush of 2020.
‘Japan represents an opportunity that is historic tourism expansion in a nation with an incredibly rich social heritage,’ stated MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in a position that is extraordinary re-energize the whole country’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for nearly couple of years, and both discussing feasible business alliances also testing the heat for legislative passage.
And even though Japan was not noted for moving quickly in this arena, the 2020 Tokyo Olympics could be just the fire they need to create the gambling cooking pot up to a boil at final.
‘In the truth of Tokyo, we think there would be government that is significant to accomplish an integral resort with time for the opening of 2020 Olympics,’ Govertsen said.