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 past week saw lots of voting occurring across Massachusetts, including two key votes on proposed casino projects in the state. The results had been split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The bigger vote came in the town of West Springfield, where there was a proposal to create an $800 million rough Rock casino. The casino had been anticipated to be one of many key competitors for the Western Massachusetts casino license.
But that project had been dealt what could possibly be a deadly blow on Tuesday, after the voters of western 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 away up against the project versus just 3,413 for it. The loss came as a surprise to many, once the campaign saw supporters associated with casino opponents that are drastically outspend.
That rejection narrows the competition for the casino that is sole in Western Massachusetts. During the moment, it would appear that only two candidates have actually a chance at that license: an MGM task in Springfield, and a Mohegan Sun proposition that might 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 Help
The western Springfield casino would have been constructed on the web site associated with Eastern States Exposition, home to the Big E the largest agricultural fair in New England. Early on, it appeared as though Hard Rock had little chance to overcome initial opposition to the task. That changed a little as the casino chain invested almost $1 million campaigning for the project and made promises about the quantity of income they would make for West Springfield yearly.
Ultimately, though, opposition teams had the ability to make their instance better, and the project was soundly defeated. The victory ended up being viewed as a win that is big anti-casino teams across the state, all of which are defectively financed when compared to their pro-casino opponents.
The other vote within the state might have had a much more surprising outcome. Into the town of Plainville, a plan to develop a slot parlor at Plainridge Racecourse was overwhelming authorized with 76% regarding the vote. A total of 1,582 voters arrived on the scene in favor of the master plan versus just 502 against.
The win capped a turnaround that is remarkable Plainridge. Just last month, state regulators determined that the track’s ownership group was unfit to compete for the solitary slots parlor permit that has been available. But Penn National produced move that is last-minute purchase the track, taking over the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which gave their approval for the project.
Needless to say, not everyone was happy 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 to expect are not taking place.’
The Plainville task 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 used for a license in that region.
Gambling Industry Criticizes Very First Draft of Florida Pari-Mutuel Rules
Parimutuel wagering and jai-alai are getting the focus as Florida reviews its racetrack and rules that are betting.
In an attempt to reform hawaii’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 part 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 very first draft of guidelines that have actually 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 kind week that is last. The guidelines are made to eliminate a number that is growing of practices that are clearly outside of what the state intends to enable at such venues. And while some of those new rules work, those into 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 them make sense,’ stated 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.’
Among the big areas covered in the draft guidelines is horse racing regulations designed to eradicate non-standard racing. Many in the industry agree that this is an idea that is good as ‘barrel racing’ and ‘flag-drop’ race have already been seen by some operators as a way to cheaply make payments that will even enable them to provide card spaces or slots alongside those races.
The brand new rules would help put a conclusion to practices that are such. They would bar ‘the racing animal to alter program in response to virtually any hurdles in the surface that is racing and make certain that jockeys conform to uniform and fat demands that willn’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 guidelines could devastate the race industry if they aren’t changed.
For instance, the new regulations would require that all races are at least six furlongs in length a thing that might make sense in the event that 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 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 time. ‘That’s silly. We run infant races at 4.5 furlongs and we’ve been doing it for a hundred years. I know they are in Tallahassee, but we have these plain things called phones.’
He additionally objected to a rule that states that each race must have at the very least six horses a guideline that may cause races become canceled as a result of minute that is last.
Jai-Alai would also be affected by the brand new regulations. For instance, each venue is required to possess 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 might be problems with the rules, division director Leon Biegalski says there shouldn’t be considered a problem, and that the workshops are designed to help iron out these problems aided by the industry’s assistance.
‘They’re draft rules. They’re a starting place. We should make sure that most of the permit holders and all sorts of the stake holders are on the page that is same terms of just what the regulation is that’s out there and what ought to be out there,’ Biegalski said.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Silver
Casino industry leaders were most likely just as excited as these citizens that are japanese news associated with the Tokyo 2020 Summer Olympic Games.
It’s difficult to believe that 2020 is just 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 end up being the only ones reaching for silver, because the casino that is worldwide will also be attempting to produce what up until now has felt very nearly hello disneyland lucky nugget insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time to drive the tourism wave that those Tokyo games are bound to bring in. With Japan the past great untapped Asian gaming market, it’s a prize that lots of within the gaming industry are motivated to attain.
Could the Games end up being the required drive?
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 some way to foot the expected $1.53 billion bill they will be underwriting to generate the venues and infrastructure necessary to host A olympic season. Compared to that end, two casinos that are possible the drawing boards, one in Tokyo and the other in Osaka, could make $10 billion in annual gambling revenues, making them exactly the cash cows that the city needs to pay its way. Japan gambling industry specialist Grant Govertsen principal of Las Vegas-based Union Gaming Group says that amount would become more compared to $6.2 billion that the whole Las Vegas Strip took in for 2012; so it ain’t chump change.
Those profits would produce an estimated ten percent per casino for Tokyo, never to mention additional licensing fees and local municipal fees. Govertsen told investors he’s bullish about the whole thing.
‘ We think the national federal government should give consideration to integrated resort development, at the least in Tokyo, as a way to help the related Olympics infrastructure visited fruition,’ he told investors following Tokyo games announcement. And Govertsen isn’t the only person who smells profit the Asian metropolis; many of the gaming industry’s biggest players made tracks to Tokyo as soon because they heard the announcement to see if they could scout out land for possible casino developments.
Industry Leaders Scouting Sites
Word is going that Sheldon Adelson’s Las Vegas Sands Corp. has its eye on a Tokyo Bay site, on an item of reclaimed land, and he’s not alone 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 for a basis that is daily have been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody appears to want in on the potential Gold Rush of 2020.
‘Japan represents an opportunity that is historic tourism expansion in a country with an incredibly rich cultural heritage,’ said MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to re-energize the whole country’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for pretty much 2 yrs, and both talking about business that is possible along with testing the temperature for legislative passage.
And while Japan wasn’t noted for moving quickly in this arena, the 2020 Tokyo Olympics could possibly be simply the fire they want to bring the gambling pot up to a boil at last.
‘In the way it is of Tokyo, we think there would be significant government help to accomplish a built-in resort with time for the opening of 2020 Olympics,’ Govertsen said.