The MGM Springfield is one possible 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 happening across Massachusetts, including two key votes on proposed casino projects within the state. The results were split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The larger vote came in the city of West Springfield, where there was a proposition to construct an $800 million tricky Rock casino. The casino ended up being likely to be one of the key competitors for the Western Massachusetts casino license.
But that task was dealt exactly what might be a fatal blow on Tuesday, after the voters of West 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 away from the project versus just 3,413 because of it. The loss came as a surprise to many, while the campaign saw supporters associated with casino drastically outspend opponents.
That rejection narrows the competition for the sole casino license in Western Massachusetts. At the brief moment, it appears that only two candidates have actually 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 Assistance
The western Springfield casino would have been constructed on the site of this Eastern States Exposition, house to the Big E the biggest agricultural fair in New England. Early, it showed up as though Hard Rock had little chance to overcome initial opposition to the project. That changed a little as the casino string spent almost $1 million campaigning for the task making promises about the amount of revenue they would make for western Springfield yearly.
Ultimately, though, opposition groups were able to make their instance better, therefore the task was soundly defeated. The victory had been regarded as a win that is big anti-casino groups across the state, all of that are badly financed compared to their pro-casino opponents.
One other vote within the state could 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 authorized with 76% for the vote. A complete of 1,582 voters came out in favor of the plan versus just 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 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 match the Gaming Commission, which gave their approval for the project.
Needless to say, not everyone was pleased aided by the racino’s approval.
‘ The process isn’t working,’ said Mary-Ann Greanier, a member of No Plainville Racino. ‘The safeguards we were told you may anticipate 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 is also a single license available in Southeastern Massachusetts, but at the time of yet, no developers have used for a license in that region.
Gambling Industry Criticizes 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 the state’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 during the state’s race tracks and jai-alai frontons throughout hawaii. But industry insiders say that the very first draft of guidelines that have been proposed by state regulators simply 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 rules were created to stop a number that is growing of methods that are demonstrably outside of what the state intends to allow at such venues. And even though some of those new rules work, those into the industry say that many simply reveal that regulators aren’t familiar sufficient with Florida’s gambling industry to make such changes that are sweeping.
‘Some of them make sense,’ said Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ a number of them haven’t been thought out very well. One or two are pretty silly.’
One of many big areas covered in the draft rules is horse racing regulations designed to expel non-standard racing. Many in the industry agree that this is an idea that is good as ‘barrel racing’ and ‘flag-drop’ race are seen by some operators as a way to cheaply earn payments that may also permit them to offer card spaces or slots alongside those events.
This new rules would help put a conclusion to such practices. They would bar ‘the racing animal to alter course in response to any obstacles on the surface that is racing and ensure that jockeys conform to uniform and weight demands that wouldn’t be an issue for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the regulations don’t stop there, and that’s club player where some feel that the rules go incorrect. According to Stirling, some of those rules could devastate the racing industry if they aren’t changed.
As an example, the new regulations would need that most races are in minimum six furlongs in total something which might create 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 competition must be shorter 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 time. ‘That’s silly. We run infant races at 4.5 furlongs and we’ve been doing it for a 100 years. I know they truly are in Tallahassee, but we’ve these things called phones.’
He also objected to a rule that states that each and every race must have at the very least six horses a guideline that could cause races to be canceled as a result of minute that is last.
Jai-Alai would be affected by the new regulations. For example, each place could be needed to own 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 just two players.
While there may be issues with the rules, unit director Leon Biegalski says there shouldn’t be considered a problem, and that the workshops are made to help iron out these problems aided by the industry’s help.
‘They’re draft rules. They’re a kick off point. We want to make sure that all of the license holders and all sorts of the stake holders are on the exact same page in terms of exactly what the regulation is that’s out there and what must be out there,’ Biegalski stated.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Silver
Casino industry leaders were probably just like excited as these citizens that are japanese news for the Tokyo 2020 Summer Olympic Games.
It’s difficult to think that 2020 is only seven years away, but that’s how long we have 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 silver, since the casino that is worldwide will also be trying to accomplish what until recently has seemed very nearly insurmountable: getting legal casinos sanctioned, developed, built, and up and running in time to ride the tourism revolution that people Tokyo games are bound to bring in. With Japan the last great untapped gaming that is asian, it’s a prize that lots of into the gaming industry are motivated to attain.
Could the Games be the Needed drive?
Japan infamous for decades of foot dragging regarding the legal casino issue now has extra motivation to make it all happen too; the island country must find some 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. To that end, two feasible casinos on the drawing boards, one in Tokyo and one other in Osaka, could generate $10 billion in annual gambling revenues, making them exactly the bucks cows that the city has 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 Las Vegas Strip took in for 2012; so it ain’t chump change.
Those profits would produce an estimated 10 % per casino for Tokyo, not to ever point out additional licensing fees and local municipal fees. Govertsen told investors he’s bullish about all of it.
‘ We think the federal government should give consideration to integrated resort development, at the least in Tokyo, as being a methods to help the associated Olympics infrastructure visited fruition,’ he told investors following the Tokyo games announcement. And Govertsen isn’t the only one who smells profit the Asian metropolis; many of the gaming industry’s biggest players made tracks to Tokyo as soon if they could scout out land for potential casino developments as they heard the announcement to see.
Industry Leaders Scouting Websites
Word is going that Sheldon Adelson’s Las Vegas Sands Corp. has its eye on a Tokyo Bay web site, on an item of reclaimed land, and he is 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 is apparently grossly exaggerated for a basis that is daily happen spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody seems to want in on the potential Gold Rush of 2020.
‘Japan represents a historic chance for tourism expansion in a country with an incredibly rich social history,’ said MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in a position that is extraordinary re-energize the entire nation’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.
Even though Japan hasn’t been noted for moving quickly in this arena, the 2020 Tokyo Olympics might be simply the fire they need to bring the gambling cooking pot to a boil at last.
‘In the situation of Tokyo, we think there would be significant federal government support to complete a built-in resort over time for the opening of 2020 Olympics,’ Govertsen said.