The proposed MGM Springfield, which threatens the future of Massachusetts’ tribal video gaming industry.
The New England casino arms race is all about to escalate aided by the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave just how for a casino that is tribal the north of state over the Massachusetts border.
Throughout the border, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying an era that is new of expansion for Massachusetts.
In the east associated with state, meanwhile, Wynn Resorts International won a bid year that is last build a five-star, $1.6 billion resort that is placed become the biggest personal development in the real history of Massachusetts, with a grand opening scheduled for a while in 2017.
The losers within the costly battle for that license were Connecticut’s Mohegan Sun, which now faces a threat to its highly-leveraged properties from the Springfield project.
MGM has said it expects to derive 1 / 3rd of its customers from Connecticut.
Connecticut has sanctioned two gambling enterprises in its southeast since the nineties that are early return for a portion of the earnings. Only the Mohegans and the Mashantucket Pequots, which run Foxwoods, are permitted to use casino.
Both, however, were hit hard by the global downturn that is economic of and are each o Continue reading “Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts”
Mark Juliano regarding the Sands Casino in Bethlehem spoke out against online gambling at a Pennsylvania Senate hearing on Wednesday.
The Pennsylvania Senate heard another round of discussion about the probability of online gambling in the state on Wednesday, as being a committee heard information on the proposals that are multiple regulate the industry which can be currently sitting in the state legislature.
The hearing, held while watching grouped Community, Economic & Recreational Development Committee, featured testimony from a mixture of supporters and opponents of online gaming.
There ended up being testimony from local industry leaders, many of whom see Web gaming as a way to back bring growth to Pennsylvania’s gambling industry.
While gambling enterprises in the state still brought in more than $3 billion a year ago, revenues were still down by more than 1.4 per cent set alongside the year before.
A Weapon in the Local Casino War
For Eric Schippers, the senior vice president of public affairs and government relations for Penn National Gaming, Internet casinos could be a weapon that could help resorts in Pennsylvania better compete with those in neighboring New Jersey and Delaware, both of which offer online gambling.
‘We believe that iGaming is a vital tool to allow Pennsylvania’s gaming industry to evolve and protect what we’ve build here,’ said Schippers.
But there is, of course, one major casino operator Continue reading “Pennsylvania Senate Committee Talks Online Gambling”
Del Marsh believes gambling revenues will be the way that is best to balance Alabama’s spending plan.
An Alabama casino gambling bill narrowly passed away through committee last week, providing the legislation the opportunity to be heard by the full State Senate.
The bill, understood as SB 453, passed through the Tourism and Marketing Committee by a five to three vote on Thursday.
The bill is designed to assist produce revenue that is new the state in two ways.
First, it could develop a continuing state lottery that would be regulated by the Alabama Lottery and Gaming Commission.
Bill Would Allow for Four Gambling Enterprises
Perhaps more dramatically, that commission would also be charged with overseeing the development of casino gambling in the state.
Such operations will be allowed at four horse racing tracks throughout the state, the very first time casino games like slots, blackjack, as well as other dining table games could be allowed in the state.
The bill, which would amend the state constitution, was introduced early in the day this by Senate President Del Marsh (R-Anniston) month. He said that with the state requiring an influx of revenue, he would rather see that money come through legalized gambling than using a income tax increase.
‘This is a huge little bit of legislation, a very piece that is controversial’ Marsh said at a general public hearing in the bill held Tuesday. ‘But I think it is an alterna Continue reading “Alabama Senate Committee Approves Gambling Expansion”