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 week that is past a good amount of voting taking place across Massachusetts, including two key votes on proposed casino tasks 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 the town of West Springfield, where there had been a proposition to create an $800 million Hard Rock casino. The casino was likely to be one of the competitors that are key the Western Massachusetts casino license.
But that project ended up being dealt what might be a fatal blow on Tuesday, after the voters of western Springfield decided to reject the plan in a referendum that is public. About 55% of voters here voted against the casino, with 4,165 coming out from the project versus just 3,413 because of it. The loss came as a surprise to many, as the campaign saw supporters associated with casino drastically outspend opponents.
That rejection narrows the competition for the casino that is sole in Western Massachusetts. At the brief moment, it would appear that only two candidates have actually a chance at that permit: an MGM task in Springfield, and a Mohegan Sun proposal that would 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 Assistance
The western Springfield casino would have been constructed on the site for the Eastern States Exposition, home to your Big E the largest agricultural fair in New England. Early, it appeared as if Hard Rock had little chance to overcome initial opposition to the task. That changed a little as the casino chain spent almost $1 million campaigning for the project making promises about the amount of revenue they would generate for West Springfield yearly.
Ultimately, however, opposition groups had the ability to make their instance better, therefore the task was soundly defeated. The victory ended up being viewed as a big victory for anti-casino groups across the state, all of that are badly financed when compared to their pro-casino opponents.
One other vote within the state may have had an even more result that is surprising. Into 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 arrived 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 which was available. But Penn National made a move that is last-minute purchase the track, overpowering the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which gave their approval for the task.
Of course, not everybody 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 to expect aren’t taking place.’
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 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 their state’s gambling industry, Florida is working on several fronts towards clarifying and changing many of the rules that govern betting in the Sunshine State. One part of attention is on pari-mutuel wagering: the betting that goes on at the state’s race tracks and frontons that are jai-alai hawaii. But industry insiders say that the very first draft of rules that have 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 last week. The guidelines are made to eliminate a growing number of questionable practices that are clearly outside of what the state intends to allow at such venues. And while several of those new rules work, those in the industry say that numerous merely reveal that regulators aren’t familiar enough with Florida’s gambling industry in order to make such changes that are sweeping.
‘Some of them make sense,’ stated Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ Some 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 racing that is non-standard. 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 make payments that may also enable them to supply card spaces or slots alongside those events.
The newest rules would help put a conclusion to practices that are such. They would bar ‘the racing animal to alter program in response to any hurdles on the racing surface’ and ensure that jockeys conform to uniform and fat needs that couldn’t be an issue for legitimate racing operations.
Disagreement Over Acceptable Race Lengths
But the regulations don’t stop there, and this is where some feel that the rules go incorrect. According to Stirling, some of the guidelines could devastate the racing industry if they aren’t changed.
For instance, the regulations that are new require that most races have reached minimum six furlongs in total 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 all together.
‘[The rule that] no competition must be reduced than…six furlongs…is a killer,’ Stirling said, noting that such races would be too long for two-year-old horses racing in the summer time. ‘That’s silly. We run child races at 4.5 furlongs and we’ve been doing it for a 100 years. I know they’re in Tallahassee, but we have these things called phones.’
He additionally objected to a rule that states that each and every race must have at the least six horses a rule which could cause races to be canceled due to minute that is last.
Jai-Alai would additionally be affected by the regulations that are new. For example, each location could be required to possess eight certified players in rotation. This rule comes in response to a debate at Ocala Poker and Jai-Alai, which started the 2012 season with only two players.
While there might be problems with the rules, unit director Leon Biegalski says there shouldn’t be described as a issue, and that the workshops were created to help iron out these issues with the industry’s assistance.
‘They’re draft rules. They’re a starting place. We want to make sure that most of the permit holders and all sorts of the stake holders are on the page that is same terms of what the regulation is that’s out there and what ought to be out there,’ Biegalski stated.
2020 Tokyo Summer Olympics Could Mean Gaming Industry Gold
Casino industry leaders were most likely just like excited as these Japanese citizens by news of the Tokyo 2020 Summer Olympic Games.
It is difficult to think that 2020 is just seven years away, but that’s just 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 gold, because the casino that is worldwide is likewise trying to achieve what up until now has seemed almost insurmountable: getting legal casinos sanctioned, developed, built, and up and operating in time to ride the tourism revolution that people Tokyo games are bound to bring in. With Japan the final great untapped Asian gaming market, it’s a prize that numerous in the video gaming industry are inspired to quickly attain.
Could the Games be the required Push?
Japan infamous for decades of foot dragging regarding the legal casino issue now has extra motivation to produce it all happen too; the island nation must find some 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 olympic season. Compared to that end, two casinos that are possible the drawing boards, one in Tokyo and the other in Osaka, could generate $10 billion in yearly gambling revenues, making them exactly the cash cows that the town needs to pay its way. Japan industry that is gambling Grant Govertsen principal of Las Vegas-based Union Gaming Group states 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 profits would produce an estimated ten percent per casino for Tokyo, to not point out licensing that is additional and local municipal fees. Govertsen told investors he’s bullish about all of it.
‘ We think the federal government should start thinking about integrated resort development, at the very least in Tokyo, as a methods to help the associated Olympics infrastructure arrive at fruition,’ he told investors following the Tokyo games announcement. And Govertsen isn’t the only one who smells money in the Asian metropolis; lots of the video 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
Term is out that Sheldon Adelson’s Las Vegas Sands Corp. has its eye on a Tokyo Bay site, on a piece of reclaimed land, and he’s maybe 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 who’s death is apparently grossly exaggerated on a day-to-day basis) happen spotted in Japan, as has overseas industry giants SJM and Melco Crown Entertainment. Everyone appears to want in on the potential Gold Rush of 2020.
‘Japan represents a historic chance of tourism expansion in a nation 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 2 yrs, and both talking about business that is possible as well as testing the temperature for legislative passage.
And while Japan was not noted for moving quickly in this arena, the 2020 Tokyo Olympics could be just the fire they want to create the gambling pot up to a boil at final.
‘In the actual situation of Tokyo, we think there would be significant government support to accomplish an integrated resort in time for the opening of 2020 Olympics,’ Govertsen stated.