ï»¿Massachusetts Swings Both real Ways with Casino Vote
The MGM Springfield is one casino that is possible to Massachusetts in the longer term; it got a thumbs up from local voters this week
This week that is past an abundance of voting happening across Massachusetts, including two key votes on proposed casino tasks in the state. The outcomes had been split, giving both casino proponents and their opponents something to crow about.
Hard Rock Hits the Skids
The bigger vote came in town of West Springfield, where there was a proposition to construct an $800 million Hard Rock casino. The casino ended up being expected to be one of the competitors that are key the Western Massachusetts casino license.
But that project had been dealt just what could be a fatal blow on Tuesday, after the voters of western Springfield decided to reject the plan in a general public referendum. About 55% of voters there voted against the casino, with 4,165 coming out from the project versus just 3,413 for it. The loss came as a surprise to many, once the campaign saw supporters for the casino opponents that are drastically outspend.
That rejection narrows the competition for the sole casino license in Western Massachusetts. At the brief 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 proposal 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 built on the web site of this Eastern States Exposition, house to your Big E the biggest agricultural fair in New England. In the beginning, it appeared as though Hard Rock had chance that is little overcome initial opposition to the task. That changed a little as the casino chain spent almost $1 million campaigning for the task and made promises about the total amount of income they would make for West Springfield annually.
Ultimately, however, opposition teams were able to make their case better, plus 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 defectively financed in comparison to their pro-casino opponents.
One other vote into the state might have had an even more surprising result. A plan to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% of the vote in the town of Plainville. A complete of 1,582 voters came out in support of the master plan versus just 502 against.
The win capped a remarkable turnaround for Plainridge. Just month that is last 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 made a last-minute move to 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 delighted with the racino’s approval.
‘ The procedure isn’t working,’ said Mary-Ann Greanier, a 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 be approved by still 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 at the time of yet, no developers have used for a license for the reason that region.
Gambling Business 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 their state’s gambling industry, Florida is working on several fronts towards clarifying and changing most 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 jai-alai frontons throughout the state. But industry insiders say that the first draft of rules 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 type week that is last. The rules are designed to eliminate a number that is growing of techniques that are obviously outside of what the state intends to allow at such venues. Even though some of those new rules work, those within the industry say that numerous simply reveal that regulators aren’t familiar sufficient with Florida’s gambling industry to make such sweeping changes.
‘Some of them sound right,’ said Ken Stirling, executive director of the Florida Horsemen’s Benevolent and defensive Association. ‘ Some of them have actuallyn’t been thought out really well. One or two are pretty silly.’
One of many 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’ racing have been seen by some operators in an effort to cheaply earn payments that will even enable them to offer card rooms or slot machines alongside those events.
This new rules would help put an end to practices that are such. They’d bar ‘the rushing animal to improve course in reaction to any hurdles in the surface that is racing and make sure that jockeys conform to uniform and weight needs that couldn’t be a problem for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the laws don’t stop there, and this is where some feel that the rules go wrong. According to Stirling, some among these guidelines could devastate the race industry if they aren’t changed.
For instance, the new regulations would need that most races are at minimum six furlongs in length a thing that might create sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but making no sense for the industry all together.
‘[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 racing within 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’re in Tallahassee, but we now have these things called phones.’
He also objected to a rule that states that every race aztec 2 slot review must have at least six horses a guideline that may cause races become canceled as a result of minute that is last.
Jai-Alai would additionally be affected by the brand new regulations. For example, each venue 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 just two players.
While there might be problems with the rules, division director Leon Biegalski says there shouldn’t be a nagging issue, and that the workshops are designed to help iron out these issues because of the industry’s assistance.
‘They’re draft rules. They’re a kick off point. You want to make sure that all the license holders and all the stake holders are on the page that is same terms of just what the regulation is that’s around and what should be out there,’ Biegalski stated.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold
Casino industry leaders were probably just like excited as these Japanese citizens by news for the Tokyo 2020 Summer Olympic Games.
It is hard to believe that 2020 is just seven years away, but that’s the length of time we have before the newly-granted Tokyo Summer Olympics will be upon us. But athletes-in-training will not be the only ones reaching for gold, since the worldwide casino industry may also be trying to accomplish what until recently has felt very nearly insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time for you to ride the tourism revolution that those Tokyo games are bound to bring in. With Japan the past great untapped gaming that is asian, it’s a prize that many within the gaming industry are inspired to achieve.
Could the Games end up being the Needed 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 country must find a way to foot the expected $1.53 billion bill they’ll be underwriting to create the venues and infrastructure necessary to host a season that is olympic. To that particular end, two possible casinos on the drawing boards, one in Tokyo and one other in Osaka, could bring in $10 billion in annual gambling revenues, making them exactly the cash cows that the city has to pay its way. Japan gambling industry specialist Grant Govertsen principal of Las Vegas-based Union Gaming Group states that amount would become more compared to the $6.2 billion that the whole vegas Strip took set 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’s bullish about all of it.
‘ We think the national federal government should start thinking about integrated resort development, at the least in Tokyo, as a means to help the associated Olympics infrastructure visited fruition,’ he told investors following a Tokyo games announcement. And Govertsen isn’t the only person who smells profit the Asian metropolis; lots of the 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
Word is out that Sheldon Adelson’s Las Vegas Sands Corp. has its attention for a Tokyo Bay site, on an item of reclaimed land, and he is perhaps not the only person 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 seems to be grossly exaggerated for a basis that is daily have already been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everyone generally seems to want in on the Gold Rush that is potential of.
‘Japan represents an opportunity that is historic tourism expansion in a nation with an incredibly rich social history,’ said MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to re-energize the whole nation’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for pretty much 2 yrs, and both speaking about business that is possible as well as testing the heat for legislative passage.
And while Japan wasn’t noted for moving quickly in this arena, the 2020 Tokyo Olympics might be just the fire they require to create the gambling pot up to a boil at final.
‘In the case of Tokyo, we think there would be government that is significant to accomplish an integrated resort in time for the opening of 2020 Olympics,’ Govertsen stated.