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 week that is past a great amount of voting happening 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 town of West Springfield, where there had been a proposition to build an $800 million intense Rock casino. The casino had been expected to be among the key rivals for the Western Massachusetts casino license.
But that task was dealt what might 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 here voted against the casino, with 4,165 coming away from the project versus just 3,413 for it. The loss came as a surprise to many, while the campaign saw supporters regarding the casino opponents that are drastically outspend.
That rejection narrows the competition for the casino that is sole in Western Massachusetts. During the brief moment, it would appear that only two candidates have actually a chance at that license: an MGM project in Springfield, and a Mohegan Sun proposal that could 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 Help
The West Springfield casino would have been built on the web site for the Eastern States Exposition, house towards the Big E the biggest agricultural fair in New England. In early stages, it appeared as if Hard Rock had little chance to overcome initial opposition to the task. That changed a little as the casino chain invested nearly $1 million campaigning for the task and made promises about the total amount of income they would generate for western Springfield annually.
Ultimately, however, opposition teams had the ability to make their situation better, therefore the task was soundly defeated. The victory ended up being regarded as a win that is big anti-casino groups across the state, all of which are poorly financed when comparing to their pro-casino opponents.
The other vote within the state may have had a far 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 came out in support of the plan versus only 502 against.
The win capped a turnaround that is remarkable Plainridge. Simply last thirty days, state regulators determined that the track’s ownership group was unfit to compete for the solitary slots parlor license which was available. But Penn National made a last-minute relocate to purchase the track, overpowering the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which provided their approval for the project.
Of course, not everyone was happy because of the racino’s approval.
‘ The process isn’t working,’ said Mary-Ann Greanier, a known user of No Plainville Racino. ‘The safeguards we were told you may anticipate aren’t taking place.’
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 into the Greater Boston area: a Foxwoods proposal in Milford, a Wynn Resorts casino project in Everett, and a Suffolk Downs project in East Boston. There’s also a single permit available in Southeastern Massachusetts, but at the time of yet, no developers have used for a license in 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 lots 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 avis the lucky nugget saloon the state’s race tracks and frontons that are jai-alai hawaii. But industry insiders state that the first draft of guidelines 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 rules are designed to eliminate a number that is growing of practices that are obviously outside of what the state intends to enable at such venues. And while several of those new rules work, those within the industry say that numerous just show that regulators aren’t familiar enough with Florida’s gambling industry to produce 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 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 racing that is non-standard. Many in the industry consent that this is a good clear idea, as ‘barrel racing’ and ‘flag-drop’ racing were seen by some operators as a way to cheaply earn payments that may also enable them to supply card spaces or slots alongside those events.
The new rules would help put an end to practices that are such. They might bar ‘the rushing animal to improve course in response to any hurdles in the surface that is racing and ensure that jockeys conform to uniform and fat needs that willn’t be an issue for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the laws don’t stop there, and that is where some feel that the rules go incorrect. According to Stirling, some of the guidelines 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 total something which might 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 all together.
‘[The rule that] no competition must be reduced than…six furlongs…is a killer,’ Stirling said, noting that such races would be too long for two-year-old horses rushing in the summer. ‘That’s silly. We run infant races at 4.5 furlongs and we’ve been doing it for a century. I know they’re in Tallahassee, but we now have these plain things called phones.’
He also objected to a rule that states that each and every battle must have at the very least six horses a rule that may cause races to be canceled because of last minute scratches.
Jai-Alai would additionally be affected by the regulations that are new. For instance, each location would be required to possess eight certified players in rotation. This rule comes in response to a controversy at Ocala Poker and Jai-Alai, which started the 2012 season with only two players.
While there may be issues with the rules, division director Leon Biegalski says there shouldn’t be a problem, and that the workshops were created to help iron out these problems with all the industry’s help.
‘They’re draft rules. They’re a starting place. We should make sure that all the permit holders and all the stake holders are on the exact same page in terms of just 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 most likely just as excited as these Japanese residents by news of the Tokyo 2020 Summer Olympic Games.
It’s difficult to believe that 2020 is just seven years away, but that’s the length of time we’ve 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 gold, since the casino that is worldwide is likewise trying to achieve what until recently has felt very nearly insurmountable: getting legal casinos sanctioned, developed, built, and up and running in time for you to ride the tourism wave that those Tokyo games are bound to bring in. With Japan the last great untapped Asian video gaming market, it’s a prize that many within the gaming industry are motivated to accomplish.
Could the Games be the Needed drive?
Japan infamous for decades of foot dragging regarding the legal casino issue now has extra motivation to help make it all happen too; the island country must find a way to foot the expected $1.53 billion bill they will be underwriting to generate the venues and infrastructure necessary to host a season that is olympic. To that end, two possible casinos on the drawing boards, one in Tokyo and one other in Osaka, could make $10 billion in annual gambling revenues, making them exactly the bucks cows that the city needs to pay its way. Japan industry that is gambling Grant Govertsen principal of Las Vegas-based Union Gaming Group says that amount would become more than the $6.2 billion that the whole Las Vegas Strip took set for 2012; so it ain’t chump change.
Those profits would produce an estimated 10 % per casino for Tokyo, not to ever mention additional licensing fees and local municipal fees. Govertsen told investors he could be bullish about all of it.
‘ We think the national government should think about integrated resort development, at the least in Tokyo, being a means to assist the associated Olympics infrastructure visited fruition,’ he told investors following Tokyo games announcement. And Govertsen isn’t the only person who smells money in the Asian metropolis; many of the gaming industry’s biggest players made tracks to Tokyo just because they heard the announcement to see if they could 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 piece of reclaimed land, and he’s perhaps 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 whom’s death seems to be grossly exaggerated on a basis that is daily happen spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody seems to want in regarding the Gold Rush that is potential of.
‘Japan represents an opportunity that is historic tourism expansion in a country with an incredibly rich cultural history,’ said MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to re-energize the entire country’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for almost couple of years, and both talking about feasible business alliances along with testing the temperature for legislative passage.
And while Japan hasn’t been noted for moving quickly in this arena, the 2020 Tokyo Olympics could be just the fire they require to create the gambling pot to a boil at final.
‘In the scenario of Tokyo, we think there would be government that is significant to complete a built-in resort over time for the opening of 2020 Olympics,’ Govertsen stated.