
Foxwoods’ operator, the Mashantucket Pequot Tribal Nation, has announced plans to create a casino resort in Biloxi, Mississippi.
Foxwoods Mississippi rising: although devastated by Hurricane Katrina eleven years ago, Biloxi, Mississippi’s gambling enterprises have now produced comeback, and the Mashantucket Pequot plan to go in by 2019.
Chairman of the Mashantucket Pequot Tribal Council Rodney Butler said this week that the proposed $265 million casino resort, also to be called Foxwoods, will host a 500-room hotel, and 71,000 square legs of meeting and exhibition space.
It’ll be constructed on the website of a previous heinz pet food factory on Biloxi’s Ebony Bay, in partnership with Biloxi Boardwalk Ventures and The Hartmann Group.
The tribe is desperate to expand its casino operations, as the market in the Northeast is in peril of becoming saturated. Increased competition in nearby states, plus an expansion that is costly its Connecticut resort at the beginning of the economic downturn, has saddled the Pequot with $1.7 billion in debt.
And now a new threat to the once-thriving Foxwoods looms just across the state line in Connecticut in the MGM Springfield, a $950 million resort, scheduled to open in 2018.
Brand New England Border Wars
In reaction, Foxwoods and its own Connecticut rival Mohegan Sun have partnered on a project that is proposed build a ‘satellite casino’ on the reverse side of the border. The project that has been scornfully dismissed by MGM Chairman Jim Murren as a ‘box of slots.’
But MGM is sufficiently concerned with the plan to launch a appropriate challenge against the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot will be the only entities lawfully allowed to operate casinos within the state, and until now, only from inside their own lands that are tribal.
MGM is crying foul, noting that the new satellite casino would be built outside the tribes’ sovereign territories.
In the middle of New England’s casino border wars, Foxwoods clearly views expansion as the only route away from crippling financial obligation, and therefore it is searching south. But also for all the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos it self. The city has 11, with a total of 15 in the Gulf Coast.
Biloxi’s Slow Recovery
It has taken a decade for the area to begin its recovery that is economic following devastation of Hurricane Katrina, during which several of Biloxi’s casinos had been damaged or damaged. But there are signs that Biloxi’s rebuilt casino industry is just starting to enjoy growth, and its particular tourism industry is recovering.
Based on a report that is recent the Mississippi Gaming and Hospitality Association, Mississippi casinos reported $2.12 billion in gaming revenue and $758 million in non-gaming revenue in 2015, with Gulf Coast gambling enterprises accounting for $1.15 billion. Now, a decade after Katrina, Foxwoods is gambling on a bounce back once again to health that is full.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
Nj Casino Expansion? Not Therefore Fast, Say Nyc Lawmakers
New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is planning to stay straight back and let New Jersey build casinos right across the water from New York City. (Image:assembly.state.ny.us)
A push that is recent brand New Jersey casino expansion has triggered a boatload of controversy, and among those pushing back are neighboring New York City lawmakers.
Big Apple legislators are now considering cutting brief the ban that is seven-year certification casinos in the New York metropolitan area, to be able to counteract New Jersey’s proposed expansion in the north, or at minimum they’re pretending they will.
Confused? Enable New York Assemblyman Gary Pretlow (D-89th), Chairman of the New York Senate Racing, Gaming, and Wagering Committee, to clear things up.
‘we are not telling them [New Jersey] just what to do,’ Pretlow told Bloodhorse.com this week. ‘We’re telling them if they do what they might like to do then we’re going to do what we wish to do.’
Ok, many thanks, Gary.
To translate, New York is aghast that nj-new jersey is considering licensing two casinos in the north, in the midst of its own casino expansion upstate. They even had the chutzpah to consider one on the Meadowlands Racetrack in East Rutherford, home to the gambling and brand New York Jets, of all places. And one regarding the waterfront in Jersey City, directly across from Lower Manhattan.
Fool’s Gold
New York, when it licensed three new casinos upstate this present year, did so beneath the proviso that no casinos might be built downstate for seven years. This had been written to the bill that authorized its expansion, that has been passed in 2013.
However now, facing a potential border war in the south, ny pols are mulling the idea of tearing that agreement up, or at least making loud noises about doing this in order to warn New Jersey down.
New Jersey, of course, has problems of its very own. Atlantic City’s casino industry was through tough times, largely due to oversaturation of the market and increased competition from the casino expansion of neighboring states, chiefly Pennsylvania.
Some see north casinos, which it’s hoped would lure gamblers across the Hudson, as the answer to all their problems, while others see them as being a fool’s silver that could spell curtains for Atlantic City.
November Referendum
New Jersey residents will decide the question of expansion in a referendum in November, and polls suggest they are almost equally divided in the problem. New York is hoping that by flexing its muscles it might be able to put New Jersey voters off, and frighten away potential investors in North Jersey casino projects.
‘I’m not enthusiastic about creating a border war with nj, but New York includes a interest that is vested gaming and we are perhaps not going allowing one of our neighbors to take far from that,’ Pretlow said this week.
As well as opening up casino gaming to nyc City and its suburbs, the state is considering the notion of offering AqueductRacetrack and Yonkers Raceway full-blown casino licenses. Or at the very least they will be chatting very loudly about this whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Option to Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino in the months that are coming and also you’ll likely have the choice to eat alcohol night and day. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into legislation so as to modernize the state’s rather liquor that is antiquated.
Drinks, anyone? When bars in downtown Pittsburgh close at 2 am, the Rivers, Parx, and Sands Bethlehem properties will likely continue pouring, now that Governor Tom Wolf has signed a law to allow Pennsylvania gambling enterprises to serve alcohol all night and day. (Image: businesspundit.com)
Ahead of the historic passage, convenience stores and gas stations were barred from selling six packs of beer, and residents in the Keystone State couldn’t purchase wine in supermarkets or have wine shipped right to their homes. Gambling enterprises were also forced to adhere to alcohol laws taverns that are governing pubs and stop selling spirits at 2 am.
Pennsylvania will stay running the continuing state liquor shops, but the bill is being celebrated by Wolf and liquor expansion proponents.
‘As I have always stated, my goal is to modernize the sale of liquor and beer in Pennsylvania and this reform package finally brings Pennsylvania’s wine and spirits system in to the century that is 21st’ the governor stated.
Spirited Business
Before HB 1690, Pennsylvania’s 13 casinos were forbidden from serving alcohol after 2 am. Casinos will are in possession of the possibility to rid themselves of those hourly restrictions, however they will come at a cost that is steep.
The new casino alcohol category allows companies invested in gambling to purchase 24/7 booze licenses for $1 million for a year that is initial. Renewals for the permits will surely cost $1 million for the following 3 years before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic gambling enterprises will leap at the opportunity to serve booze night and day, and in doing so, the state should benefit from the certification revenue.
Republicans control the state legislature, and also the General that is conservative Assembly searching for ways to fund Wolf’s proposed expanded budget that is expected to produce a $1 billion shortfall. The state is looking at online gambling as another new source of income in addition to easing liquor laws.
Sands Bethlehem, Parx Casino, and Rivers Casino, the top three grossing facilities in hawaii, have remained quiet on the alcohol news. However, all three are expected to make use of the measure that is new.
The rivers Casino could become the new go-to after party spot once city bars close in Pittsburgh while Sands and Parx aren’t located within walking distance of urban downtowns where nightlife is forced to disperse at 2 am.
Alcohol Laws Vary By State
As gambling has expanded in the congested northeast, states are searching for ways to offer their venues an advantage. Permitting alcohol that is perennial should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Has Returned On Board, Kind Of
An organization named United States Fantasy might conjure up all types of images, but this one proposes to provide fantasy recreations wagering to clients at Nevada gambling enterprises based on a parimutuel wagering system. Owner Vic Salerno, known being an innovator in the race and sports book industries, believes that daily fantasy sports (DFS) might be straight back in the menu in Nevada quickly, at the very least in a slightly tweaked format.
That’s because this week, the Nevada Gaming Control Board (NGCB) recommended licensing for the company newly formed by Salerno in US Fantasy.
Las vegas, nevada recreations innovator that is betting Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English in 2011) is able to unfurl his United States Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t understand just why anybody didn’t contemplate this before,’ Salerno formerly told the Las Vegas Review-Journal. ‘ We all know fantasy sports has proven become an offering that is attractive a broader audience. It’s a opportunity that is unique the industry.’
Now, he’s giving it a twist that is new telling Gaming Today this week that ‘all we’re doing is replacing horses with individual athletes.’
On the Gaming Control Board unanimously recommended the issue of an off-track, parimutuel sports system operator’s license wednesday. The application will now be passed to the Nevada Gaming Commission (NGC) where it’s anticipated to receive approval that is final.
Pointless Licensing
Nevadans have been without daily fantasy recreations (DFS) since late year that is last when operators pulled the plug adhering to a ruling by Gaming Control Board Chairman A.G. Burnett that DFS constituted gambling under Nevada law. And that ruling ended up being subsequently supported by the state’s Attorney General Adam Laxalt, who backed up Burnett’s decision.
‘Because DFS involves wagering on the collective performance of people participating in sports, under current legislation, legislation and approvals, in order to lawfully expose DFS for play within hawaii of Nevada, an individual must have a license to operate a sports pool issued by the Nevada Gaming Commission,’ wrote Burnett at that time.
While operators like DraftKings and FanDuel were told to cease and desist with immediate impact, regulators emphasized that they’d be welcomed back in Nevada provided they applied for the sports betting license. But https://1xbetwebsite.ru/ since the state does maybe not sanction online activities betting, limiting offsite betting to remote apps inside the state that are certified by land-based casinos, the pursuit of online certification will not be a priority for the market-leading DFS web sites.
Fantasy Fulfilled
US Fantasy, meanwhile, will provide competitions in Nevada through brick-and-mortar casinos, but will even seek to do business with regulators in other states, in an effort to link up with racetracks, off-track-betting parlors, gambling enterprises, and lotteries around the united states. The target will be to help build prize that is networked for the competitions. It may additionally offer contests that are online states where DFS has recently been regulated, and is perhaps not regarded as activities wagering.
Salerno had been a co-founder of Leroy’s House and Sports destination, which opened in downtown vegas in the seventies that are late grew into American Wagering, the organization that operates nearly all Vegas recreations books today.
American Wagering had been acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman associated with the newly created William Hill United States. He’s credited with introducing several innovations into the industry, including the self-service wagering kiosk and the state’s first mobile sports app that is betting.
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