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Massachusetts Swings Both Ways with Casino Vote

The MGM Springfield is one casino that is possible to Massachusetts in the long run; it got a thumbs up from local voters this week

This previous week saw lots of voting taking place across Massachusetts, including two key votes on proposed casino projects in the state. The outcomes were split, giving both casino proponents and their opponents something to crow about.

Hard Rock Hits the Skids

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

But that task was dealt exactly what could possibly 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 there voted against the casino, with 4,165 coming out against the project versus just 3,413 for it. The loss came as a surprise to many, while the campaign saw supporters regarding the casino drastically outspend opponents.

That rejection narrows the competition for the casino that is sole in Western Massachusetts. During the moment, it seems that only two applicants have actually a chance at that permit: an MGM task in Springfield, and a Mohegan Sun proposition 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 Assistance

The West Springfield casino would have been constructed on the site regarding the Eastern States Exposition, house to your Big E the biggest agricultural fair in New England. In early stages, it showed up as if Hard Rock had chance that is little overcome initial opposition to the task. That changed a little as the casino string spent nearly $1 million campaigning for the project and made promises about the quantity of revenue they would make for West Springfield yearly.

Ultimately, though, opposition teams had the ability to make their situation better, as well as the project was soundly defeated. The victory had been seen as a win that is big anti-casino groups across the state, all of that are badly financed in comparison to their pro-casino opponents.

The other vote within the state may have had a much more surprising outcome. A plan to develop a slot parlor at Plainridge Racecourse was overwhelming approved with 76% of the vote in the town of Plainville. An overall total of 1,582 voters arrived on the scene in support of the master plan versus only 502 against.

The win capped a remarkable turnaround for Plainridge. Simply month that is last state regulators determined that the track’s ownership group was unfit to compete for the single slots parlor license that was available. But Penn National produced move that is last-minute purchase the track, overpowering the slots parlor proposal as well. That was enough to satisfy the Gaming Commission, which provided their approval for the task.

Of course, not everyone was pleased because of 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 you may anticipate aren’t taking place.’

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 at the time of yet, no developers have applied for a license for the reason that region.

Gambling Industry Criticizes 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 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 at the state’s race tracks and frontons that are jai-alai hawaii. But industry insiders state that the very first draft of guidelines that have been proposed by state regulators just 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 last week. The rules are made to stop a number that is growing of techniques that are obviously outside of what the state intends to enable at such venues. And even though some of those new rules work, those in the industry say that numerous just reveal that regulators aren’t familiar sufficient with Florida’s gambling industry to create such changes that are sweeping.

‘Some of those sound right,’ stated Ken Stirling, executive director of the Florida Horsemen’s Benevolent and Protective Association. ‘ a number of them haven’t been thought out really well. One or two are pretty silly.’

One of the big areas covered in the draft guidelines is horse racing regulations designed to eliminate non-standard racing. Many in the industry consent that this is a good clear idea, as ‘barrel racing’ and ‘flag-drop’ race are seen by some operators in an effort to cheaply make payments that will even enable them to supply card spaces or slots alongside those races.

The newest rules would help put an end to such practices. They would bar ‘the rushing animal to change course in reaction to virtually any obstacles in the racing surface’ and ensure that jockeys conform to uniform and fat needs that wouldn’t be an issue 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 wrong. According to Stirling, some of those guidelines could devastate the race industry if they aren’t changed.

For example, the regulations that are new require that all races have reached least six furlongs in length something that will make sense in the event that 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 reduced 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. ‘That’s silly. We run baby races at 4.5 furlongs and we’ve been doing it for a century. I know they are in Tallahassee, but we have these things called phones.’

He also objected to a rule that states that each and every competition must have at the least six horses a guideline which could cause races become canceled because of minute that is last.

Jai-Alai would be affected by the brand new regulations. For instance, each venue would be needed to have eight certified players in rotation. This rule comes in response to a controversy at Ocala Poker and Jai-Alai, which began the 2012 period with only two players.

While there could be issues with the rules, division director Leon Biegalski says there shouldn’t be a nagging problem, and that the workshops are made to help iron out these issues aided by the industry’s help.

‘They’re draft rules. They’re a starting place. We want to make sure that all the license holders and all the stake holders are on the exact same page in terms of just 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 probably just like excited as these Japanese citizens by news of this Tokyo 2020 Summer Olympic Games.

It is difficult to think that 2020 is only seven years away, but that’s just how long we have before the Tokyo that is newly-granted summer will be upon us. But athletes-in-training won’t end up being the only ones reaching for gold, because the casino that is worldwide may also be attempting to achieve 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 people Tokyo games are bound to bring in. With Japan the past great untapped Asian gaming market, it’s a prize that many in the gaming industry are motivated to attain.

Could the Games be the required drive?

Japan infamous for decades of foot dragging in the legal casino issue now has extra motivation to produce it all happen too; the island nation must find a 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 particular end, two casinos that are possible the drawing boards, one in Tokyo and the other in Osaka, could bring in $10 billion in annual gambling revenues, making them exactly the money cows that the city has to pay its way. Japan gambling industry expert Grant Govertsen principal of Las Vegas-based Union Gaming Group says that amount would be much more compared to $6.2 billion that the entire Las vegas, nevada Strip took set for 2012; so it ain’t chump change.

Those revenues would produce an estimated 10 % per casino for Tokyo, to not mention additional licensing fees and local municipal fees. Govertsen told investors he could be bullish about the whole thing.

‘ We think the national federal government should start thinking about integrated resort development, at the very least in Tokyo, being a means to help the related Olympics infrastructure arrived at fruition,’ he told investors following a Tokyo games announcement. And Govertsen isn’t the only person who smells profit the Asian metropolis; many of the 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 Sites

Term has gone out that Sheldon Adelson’s Las Vegas Sands Corp. has its attention on a Tokyo Bay site, on an item of reclaimed land, and he’s 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 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. Everyone seems to want in on the potential Gold Rush of 2020.

‘Japan represents a historic chance for tourism expansion in a nation with an incredibly rich cultural heritage,’ stated MGM Resorts Executive Vice President Alan Feldman. ‘Tokyo is in a position that is extraordinary re-energize the entire nation’s tourism and entertainment industry.’ Feldman says MGM has been monitoring happenings in Japan for pretty much couple of years, and both talking about feasible business alliances also testing the heat for legislative passage.

And while Japan hasn’t been 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 final.

‘In the scenario of Tokyo, 50 dragons slot jackpot we think there would be government that is significant to accomplish a built-in resort with time for the opening of 2020 Olympics,’ Govertsen stated.

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