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 week that is past a great amount of voting taking place across Massachusetts, including two key votes on proposed casino projects into the state. The outcomes were split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The bigger vote arrived in the city of West Springfield, where there had been a proposition to create an $800 million complex Rock casino. The casino had been expected to be one of many competitors that are key the Western Massachusetts casino license.
But that task ended up being dealt just what might be a fatal blow on Tuesday, after the voters of western Springfield decided to reject the plan in a referendum that is public. About 55% of voters there voted against the casino, with 4,165 coming down contrary to the project versus just 3,413 because of it. The loss came as a surprise to many, because the campaign saw supporters for the casino drastically outspend opponents.
That rejection narrows the competition for the sole casino license in Western Massachusetts. During the moment, it appears that only two candidates have a chance at that permit: an MGM project in Springfield, and a Mohegan Sun proposal that might 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 constructed on the web site regarding the Eastern States Exposition, house to the Big E the biggest agricultural fair in New England. In the beginning, it appeared as if Hard Rock had chance that is little overcome initial opposition to the project. That changed a little as the casino string spent almost $1 million campaigning for the task and made promises about the amount of income they would generate for western Springfield yearly.
Ultimately, however, opposition teams could actually make their instance better, and also the project was soundly defeated. The victory had been viewed as a big win for anti-casino teams across the state, all of that are poorly financed in comparison to their pro-casino opponents.
One other vote into the state may have had an even more result that is surprising. 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 on the scene in support of the plan versus just 502 against.
The win capped a turnaround that is remarkable Plainridge. Simply month that is last state regulators determined that the track’s ownership group was unfit to compete for the single slots parlor license which was available. But Penn National produced last-minute go on to purchase the track, overtaking the slots parlor proposal as well. That was enough to match the Gaming Commission, which offered their approval for the project.
Of course, not everybody was happy with all 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 are not happening.’
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 is also a solitary permit available 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 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 area of attention is on pari-mutuel wagering: the betting that goes on at the state’s race tracks and jai-alai frontons throughout the state. But industry insiders state that the first draft of rules that have actually been proposed by state regulators merely 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 last week. The guidelines are made to eliminate a number that is growing of practices that are demonstrably outside of what the state intends to allow at such venues. And while some of these new rules work, those into the industry say that numerous just reveal that regulators aren’t familiar sufficient with Florida’s gambling industry to help make such sweeping changes.
‘Some of them sound right,’ said Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ Some 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 eradicate non-standard racing. Many in the industry consent that this is a good idea, as ‘barrel racing’ and ‘flag-drop’ racing were seen by some operators in order to cheaply earn payments that may also allow them to offer card rooms or slot machines alongside those events.
The newest rules would help put a conclusion to practices that are such. They would bar ‘the rushing animal to change course in reaction to virtually any hurdles in the surface that is racing and make sure that jockeys conform to uniform and weight demands that couldn’t be a problem for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the regulations don’t stop there, and that’s where some feel that the rules go incorrect. According to Stirling, some of those guidelines could devastate the race industry if they aren’t changed.
As an example, the regulations that are new require that all races are in minimum six furlongs in total something that will make sense in the event that you’ve only seen the Triple Crown races or the Breeder’s Cup, but helping to make no sense for the industry in general.
‘[The rule that] no race must be shorter 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 hundred years. I know they are in Tallahassee, but we’ve these things called phones.’
He additionally objected to a rule that states that each race must have at the least six horses a guideline that may cause races become canceled because of minute that is last.
Jai-Alai would additionally be affected by the regulations that are new. For instance, 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 began the 2012 period with only two players.
While there might be difficulties with the rules, unit director Leon Biegalski says there shouldn’t be described as a nagging problem, and that the workshops were created to help iron out these problems aided by the industry’s assistance.
‘They’re draft rules. They’re a point that is starting. We should make sure that all the license holders and all sorts of the stake holders are on the same web page in terms of just what the regulation is that’s around and what should really be out there,’ Biegalski said.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Silver
Casino industry leaders were probably just as excited as these Japanese citizens by news associated with Tokyo 2020 Summer Olympic Games.
It’s hard to believe 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 won’t end up being the only ones reaching for gold, because the worldwide casino industry will also be trying to produce 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 people Tokyo games are bound to bring in. With Japan the very last great untapped Asian video gaming market, it’s a prize that many in the video gaming industry are motivated to obtain.
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 a way to foot the expected $1.53 billion bill they’ll 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 bring in $10 billion in yearly gambling revenues, making them exactly the cash cows that the town needs to pay its way. Japan industry that is gambling Grant Govertsen principal of Las Vegas-based Union Gaming Group claims that amount would be more compared to the $6.2 billion that the entire nevada Strip took set for 2012; so it ain’t chump change.
Those profits would produce an estimated ten percent per casino for Tokyo, not to ever point out additional licensing fees and local municipal fees. Govertsen told investors he’s bullish about the whole thing.
‘ We think the federal government should think about integrated resort development, at the least in Tokyo, being a way to assist the related Olympics infrastructure arrive at fruition,’ he told investors following 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 just if they could scout out land for potential casino developments as they heard the announcement to see.
Industry Leaders sites that are scouting
Term is going that Sheldon Adelson’s Las Vegas Sands Corp. has its attention for a Tokyo Bay web site, on a piece of reclaimed land, and he is not alone riding his 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) have now been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everyone seems to want in regarding the Gold Rush that is potential of.
‘Japan represents a historic window of opportunity for tourism expansion in a country with an incredibly rich cultural history,’ stated MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in a position that is extraordinary re-energize the entire country’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for nearly two years, and both talking about possible business alliances in addition to testing the temperature for legislative passage.
And even though Japan was not noted for moving quickly in this arena, the 2020 Tokyo Olympics might be just the fire they need to bring the gambling cooking pot to a boil at last.
‘In the truth of Tokyo, we think there would be government that is significant to complete a built-in resort in time for the opening of 2020 Olympics,’ Govertsen stated.