Massachusetts Swings Both Ways with Casino Vote

Massachusetts Swings Both 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 previous week saw a great amount of voting happening across Massachusetts, including two key votes on proposed casino projects into the state. The results 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 had been a proposition to build an $800 million tough Rock casino. The casino was expected to be one of many key rivals for the Western Massachusetts casino license.

But that task had been dealt just what could possibly 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 down against the project versus just 3,413 for it. The loss came as a surprise to many, once the campaign saw supporters of 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 a chance at that permit: an MGM project in Springfield, and a Mohegan Sun proposition that could be located in Palmer. The Palmer proposition still needs to be voted on by residents, while the MGM plan was approved by Springfield voters.

Heavy Investing No Assistance

The West Springfield casino would have been built on the site for the Eastern States Exposition, house to the Big E the biggest agricultural fair in New England. Early on, it showed up as if Hard Rock had chance that is little overcome initial opposition to the project. That changed a bit as the casino chain spent nearly $1 million campaigning for the task making promises about the quantity of revenue they would generate for West Springfield annually.

Ultimately, though, opposition teams had the ability to make their situation better, plus the task was soundly defeated. The victory had been regarded as a win that is big anti-casino teams across the state, all of which are defectively financed when comparing to their pro-casino opponents.

One other vote in the state could have had an even more result that is surprising. In the town of Plainville, an agenda to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% regarding the vote. A total of 1,582 voters arrived in favor of the plan versus just 502 against.

The win capped a turnaround that is remarkable Plainridge. Just month that is last 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 move to purchase the track, taking over 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 happy with all 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 to expect are not happening.’

The Plainville project 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 as of yet, no developers have applied 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 rules that are betting.

In an effort to reform the state’s gambling industry, Florida is working on several fronts towards clarifying and changing most rules that govern betting in the Sunshine State. One section of attention is on pari-mutuel wagering: the betting that goes on during the state’s race tracks and frontons that are jai-alai the state. But industry insiders state that the very 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 kind last week. The guidelines are designed to stop a number that is growing of practices that are demonstrably outside of what the state intends to allow at such venues. Even though some of these new rules work, those in the industry say that many simply show that regulators aren’t familiar enough with Florida’s gambling industry to create such sweeping changes.

‘Some of them sound right,’ said Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ a number of them have actuallyn’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 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 already been seen by some operators in an effort to cheaply make payments that will even enable them to provide card spaces or slots alongside those events.

This new rules would help put a conclusion to practices that are such. They might bar ‘the racing animal to change program in reaction to any hurdles in the racing surface’ and ensure that jockeys conform to uniform and weight needs that wouldn’t be a problem for legitimate racing operations.

Disagreement Over Acceptable Race Lengths

But the regulations don’t stop there, and that’s where some feel that the rules go incorrect. According to Stirling, some of the rules could devastate the racing industry if they aren’t changed.

For instance, the regulations that are new need that most races are in minimum six furlongs in total a thing that might make sense if you’ve only seen the Triple Crown races or the Breeder’s Cup, but making no sense for the industry as a whole.

‘[The rule that] no race 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 100 years. I know they are in Tallahassee, but we have these things called phones.’

He also objected to a rule that states that each race must have at the least six horses a guideline that could cause races become canceled as a result of minute that is last.

Jai-Alai would also be affected by the new regulations. For example, each venue would be needed to own eight players that are certified rotation. This rule comes in response to a controversy at Ocala Poker and Jai-Alai, which started the 2012 period with only two players.

While there may be problems with the rules, unit director Leon Biegalski says there shouldn’t be considered a nagging issue, and that the workshops were created to help iron out these problems utilizing the industry’s assistance.

‘They’re draft rules. They’re a point that is starting. You want to make sure that all the permit holders and all sorts of the stake holders are on the same web page in terms of what the regulation is that’s out there and what should be out there,’ Biegalski stated.

2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold

Casino industry leaders were probably just as excited as these citizens that are japanese news associated with the Tokyo 2020 Summer Olympic Games.

It is hard to believe that 2020 is just seven years away, but that’s how long we have before the Tokyo that is newly-granted summer will be upon us. But athletes-in-training will not end up being the only ones reaching for silver, as the worldwide casino industry will also be attempting to produce what until recently has felt almost insurmountable: getting legal casinos sanctioned, developed, built, and up and running in time for you to drive the tourism revolution that those Tokyo games are bound to bring in. With Japan the past great untapped Asian gaming market, it’s a prize that numerous into the gaming industry are motivated to obtain.

Could the Games end up being the Needed Push?

Japan infamous for decades of foot dragging on the legal casino issue now has extra motivation to create it all happen too; the island country must find some way to foot the expected $1.53 billion bill they will be underwriting to create the venues and infrastructure necessary to host a season that is olympic. Compared 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 money cows that the city needs 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 $6.2 billion that the whole Las Vegas Strip took in for 2012; so it ain’t chump change.

Those profits would produce an estimated 10 percent per casino for Tokyo, never to point out licensing that is additional and local municipal fees. Govertsen told investors he’s bullish about all of it.

‘ We think the national government should give consideration to integrated resort development, at least in Tokyo, as a methods to help the related Olympics infrastructure visited fruition,’ he told investors following Tokyo games announcement. And Govertsen isn’t the only one who smells money in the Asian metropolis; many 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 Scouting Websites

Term has gone out that Sheldon Adelson’s Las Vegas Sands Corp. has its eye for a Tokyo Bay site, on an item of reclaimed land, and he’s maybe not the only one riding their 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 appears to be grossly exaggerated on a basis that is daily have already been spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everyone appears to want in regarding the potential Gold Rush of 2020.

‘Japan represents an opportunity that is historic tourism expansion in a nation with an incredibly rich social heritage,’ said MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in an extraordinary position to 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 also testing the heat for legislative passage.

And while Japan was not noted for moving quickly in this arena, the 2020 Tokyo Olympics might be simply the fire they need to create the gambling pot up to a boil at last.

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

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