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 a great amount of voting taking place 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 bigger vote arrived in town of West Springfield, where there was a proposition to create an $800 million Hard Rock casino. The casino had been expected to be one of the competitors that are key the Western Massachusetts casino license.
But that task had been 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 up against the project versus just 3,413 for this. The loss came as a surprise to many, as 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 brief moment, it would appear that only two applicants have actually a chance at that permit: 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 lucky nugget saloon gouter by residents, while the MGM plan was approved by Springfield voters.
Heavy Investing No Help
The West Springfield casino would have been constructed on the site of the Eastern States Exposition, house to your Big E the biggest agricultural fair in New England. In early stages, it appeared as though Hard Rock had chance that is little overcome initial opposition to the task. That changed a bit as the casino string invested almost $1 million campaigning for the project and made promises about the amount of income they would make for West Springfield annually.
Ultimately, however, opposition groups had the ability to make their instance better, as well as the task was soundly defeated. The victory had been seen as a win that is big anti-casino teams across the state, all of that are badly financed in comparison with their pro-casino opponents.
The other vote within the state could have had an even more surprising outcome. In the town of Plainville, an idea to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% for the vote. An overall total of 1,582 voters arrived in favor of the master plan versus just 502 against.
The win capped a turnaround that is remarkable Plainridge. Just last thirty days, 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, overtaking the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which gave their approval for the task.
Needless to say, not everybody was happy aided by 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 are not taking place.’
The Plainville project 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 within the better Boston area: a Foxwoods proposal in Milford, a Wynn Resorts casino task in Everett, and a Suffolk Downs project in East Boston. There is also a single license available in Southeastern Massachusetts, but as 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 effort to reform hawaii’s gambling industry, Florida is working on several fronts towards clarifying and changing most 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 rules that have actually 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 form week that is last. The rules are designed to eliminate a number that is growing of practices that are demonstrably 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 numerous simply show that regulators aren’t familiar sufficient with Florida’s gambling industry to help make such sweeping changes.
‘Some of those 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 extremely 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 consent that this is a good notion, as ‘barrel racing’ and ‘flag-drop’ race have now been seen by some operators in an effort to cheaply earn payments that will also permit them to supply card rooms or slot machines alongside those events.
The newest rules would help put an end to such practices. They might bar ‘the rushing animal to alter course in reaction to virtually any hurdles in the racing surface’ and ensure that jockeys conform to uniform and fat demands that wouldn’t be a problem for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the regulations don’t stop there, and that is 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 new regulations would need that most races have reached minimum six furlongs in length something that will make sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but which makes no sense for the industry all together.
‘[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 rushing within the summer time. ‘That’s silly. We run child races at 4.5 furlongs and we’ve been doing it for a hundred years. I know they’re in Tallahassee, but we’ve these plain things called phones.’
He additionally objected to a rule that states that every competition must have at least six horses a rule which could cause races to be canceled because of minute that is last.
Jai-Alai would be affected by the regulations that are new. For example, each place will be needed to possess eight certified players in rotation. This rule comes in response to a debate at Ocala Poker and Jai-Alai, which began the 2012 season with only 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 designed to help iron out these problems because of the industry’s assistance.
‘They’re draft rules. They’re a starting point. You want to make sure that all the license 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 must certanly be out there,’ Biegalski stated.
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 Tokyo 2020 Summer Olympic Games.
It’s difficult to believe that 2020 is only seven years away, but that’s how long we’ve 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 worldwide casino industry will also be trying to accomplish what up until now has seemed almost insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time for you to ride 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 video gaming industry are inspired to attain.
Could the Games end up being the required drive?
Japan infamous for decades of foot dragging regarding the legal casino issue now has extra motivation in order to make it all happen too; the island nation must find a way to foot the expected $1.53 billion bill they are going to be underwriting to generate the venues and infrastructure necessary to host a season that is olympic. To that end, two casinos that are possible the drawing boards, one in Tokyo and one 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 expert 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 revenues would produce an estimated ten percent per casino for Tokyo, not to mention licensing that is additional and local municipal fees. Govertsen told investors he could be bullish about the whole thing.
‘ We think the national government should give consideration to incorporated resort development, at the very least in Tokyo, as a means to help the associated Olympics infrastructure arrived at 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 as they heard the announcement to see if they might scout out land for possible casino developments.
Industry Leaders sites that are scouting
Term has gone 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 one 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 were spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody generally 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 social history,’ said 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 almost couple of years, and both speaking about business that is possible as well as testing the temperature for legislative passage.
And even though Japan hasn’t been noted for moving quickly in this arena, the 2020 Tokyo Olympics could be just the fire they want 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 complete a built-in resort in time for the opening of 2020 Olympics,’ Govertsen said.