Massachusetts Swings Both Ways with Casino Vote

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 past week saw lots 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 larger vote came in town of West Springfield, where there was a proposal to create an $800 million tricky Rock casino. The casino had been expected to be one of many competitors that are key the Western Massachusetts casino license.

But that project was dealt what could be a deadly blow on Tuesday, after the voters of western Springfield decided to reject the plan in a public referendum. About 55% of voters here voted against the casino, with 4,165 coming away against the project versus just 3,413 for it. The loss came as a surprise to many, because the campaign saw supporters of the casino drastically outspend opponents.

That rejection narrows the competition for the casino that is sole in Western Massachusetts. During the brief moment, it appears that only two candidates have 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 Investing No Help

The western Springfield casino would have been built on the site of the Eastern States Exposition, home to the Big E the largest agricultural fair in New England. Early on, it showed up as though Hard Rock had chance that is little overcome initial opposition to the project. That changed a little as the casino chain invested almost $1 million campaigning for the task making promises about the amount of income they would generate for West Springfield annually.

Ultimately, however, opposition teams could actually make their case better, therefore the task was soundly defeated. The victory was viewed as a win that is big anti-casino groups across the state, all of that are poorly financed when comparing to their pro-casino opponents.

The other vote into the state could have had a far more result that is surprising. Within the town of Plainville, an agenda to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% for the vote. An overall total of 1,582 voters came out in favor of the plan versus only 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 was available. But Penn National made a last-minute proceed to purchase the track, overtaking the slots parlor proposal as well. That was enough to fulfill the Gaming Commission, which provided their approval for the task.

Needless to say, not everyone was delighted using the racino’s approval.

‘ The process isn’t working,’ said Mary-Ann Greanier, a member of No Plainville Racino. ‘The safeguards we were told to anticipate aren’t occurring.’

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’s also a license that is single in Southeastern Massachusetts, but at the time of yet, no developers have applied for a license in that region.

Gambling Industry Criticizes Very First Draft of Florida Pari-Mutuel Rules

Parimutuel wagering and jai-alai are getting the focus as Florida reviews its racetrack and rules that are betting.

In an effort to reform hawaii’s gambling industry, Florida is working on several fronts towards clarifying and changing most 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 frontons that are jai-alai their state. But industry insiders say that the first draft of rules that have 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 kind week that is last. The guidelines are designed to eliminate a number that is growing of practices that are demonstrably outside of what the state intends to allow at such venues. And even though some of these new rules work, those in the industry say that many merely reveal that regulators aren’t familiar enough with Florida’s gambling industry to produce such sweeping changes.

‘Some of them seem sensible,’ stated Ken Stirling, executive director of the Florida Horsemen’s Benevolent and defensive Association. ‘ a number of them haven’t been thought out extremely well. One or two are pretty silly.’

One of many big areas covered in the draft guidelines is horse racing regulations designed to expel non-standard racing. Many in the industry agree that this is a good clear idea, as ‘barrel racing’ and ‘flag-drop’ racing have been seen by some operators in order to cheaply make payments that will even permit them to provide card spaces or slots alongside those events.

The brand new rules would help put an end to such practices. They would bar ‘the racing animal to improve course in reaction to virtually any hurdles regarding the surface that is racing and make sure 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 laws don’t stop there, and that is where some feel that the rules go wrong. According to Stirling, some among these rules could devastate the racing industry if they aren’t changed.

As an example, the regulations that are new require that most races are at minimum six furlongs in length a thing that might create sense in the event that you’ve only seen the Triple Crown races or the Breeder’s Cup, but which makes no sense for the industry in general.

‘[The guideline that] no race 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 into the summer time. ‘That’s silly. We run baby races at 4.5 furlongs and we’ve been doing it for a hundred years. I know they truly are in Tallahassee, but we have these plain things called phones.’

He also objected to a rule that states that each and every battle must have at least six horses a rule that may cause races to be canceled as a result of last second scratches.

Jai-Alai would additionally be affected by the new regulations. For instance, each location will 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 started the 2012 season with just two players.

While there could be problems with the rules, unit director Leon Biegalski says there shouldn’t be a nagging issue, and that the workshops are made to help iron out these issues with all 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 the stake holders are on the page that is same terms of exactly what the regulation is that’s out there and what should be out there,’ Biegalski said lucky nugget lobby.

2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold

Casino industry giants were most likely just as excited as these Japanese citizens by news regarding the Tokyo 2020 Summer Olympic Games.

It is difficult to believe 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 will not be the only ones reaching for gold, because the casino that is worldwide will also be trying to accomplish what up until now has seemed very nearly insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time to ride the tourism revolution that those Tokyo games are bound to bring in. With Japan the very last great untapped gaming that is asian, it’s a prize that lots of into the gaming industry are motivated to accomplish.

Could the Games be the Needed Push?

Japan infamous for decades of foot dragging in the legal casino issue now has extra motivation to help make it all happen too; the island nation must find some way to foot the expected $1.53 billion bill they’ll be underwriting to produce the venues and infrastructure necessary to host A olympic season. To that end, two feasible casinos on the drawing boards, one in Tokyo and the other in Osaka, could generate $10 billion in annual gambling revenues, making them exactly the cash cows that the town needs to pay its way. Japan gambling industry expert Grant Govertsen principal of Las Vegas-based Union Gaming Group claims that amount would be much more compared to $6.2 billion that the whole 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 ever 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 related Olympics infrastructure visited fruition,’ he told investors after the Tokyo games announcement. And Govertsen isn’t the only one 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

Term has gone out 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 the only one riding his covered wagon across the prairie to stake out some land. American behemoths MGM Resorts International and Caesars Entertainment Corp. (the latter of whom’s death seems to be grossly exaggerated for a basis that is daily have been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everybody seems to want in regarding the potential Gold Rush of 2020.

‘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 whole country’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for nearly two years, and both discussing business that is possible 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 want to bring the gambling pot to a boil at final.

‘In the situation of Tokyo, we think there would be significant federal government help to complete an integrated resort with time for the opening of 2020 Olympics,’ Govertsen said.