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Foxwoods Casino Arriving At Biloxi, Mississippi, Announces Mashantucket Pequot Operator

Foxwood<span id="more-4215"></span>s Casino Arriving At Biloxi, Mississippi, Announces Mashantucket Pequot Operator

Foxwoods’ operator, the Mashantucket Pequot Tribal Nation, has announced plans to construct 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, as well as the Mashantucket Pequot plan to move in by 2019.

Chairman of the Mashantucket Pequot Tribal Council Rodney Butler stated this week that the proposed $265 million casino resort, and to be called Foxwoods, will host a 500-room hotel, and 71,000 square legs of conference and event space.

It’ll be built 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 during the beginning of the economic downturn, has saddled the Pequot with $1.7 billion with debt.

And now a threat that is new 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.

New England Border Wars

In response, Foxwoods and its Connecticut rival Mohegan Sun have partnered on a project that is proposed build a ‘satellite casino’ on the other 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 program to introduce a appropriate challenge against the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot are the only entities lawfully permitted to operate casinos in the state, and until now, only from within their own tribal lands.

MGM is crying foul, noting that the new satellite casino would be built outside the tribes’ sovereign regions.

In the middle of New England’s casino border wars, Foxwoods clearly sees expansion as the only path away from crippling financial obligation, and so it’s searching south. However for all of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos it self. The city has 11, with a total of 15 regarding the Gulf Coast.

Biloxi’s Slow Recovery

It has taken a decade for the area to begin its economic data recovery after the devastation of Hurricane Katrina, during which several of Biloxi’s casinos were damaged or destroyed. But there are indications that Biloxi’s rebuilt casino industry is just starting to enjoy development, as well as its tourism industry is recovering.

According to a recent report by 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 casinos accounting for $1.15 billion. And today, a decade after Katrina, Foxwoods is gambling on a bounce back in to health that is full.

The tribe has said that it hopes to open Foxwoods Mississippi in spring of 2019.

Nj-new Jersey Casino Expansion? Not Therefore Fast, Say Nyc Lawmakers

Brand 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 nyc. (Image:assembly.state.ny.us)

A recent push for 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 quick the ban that is seven-year licensing casinos into the brand New York metropolitan area, in order to counteract New Jersey’s proposed expansion in the north, or at least 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] what to do,’ Pretlow told Bloodhorse.com this week. ‘We’re telling them if they do what they wish to accomplish then we’re going to do what we wish to do.’

Ok, many thanks, Gary.

To translate, New York is aghast that New Jersey is considering licensing two casinos in the north, in the midst of its casino expansion that is own upstate. They even had the chutzpah to take into account one on the Meadowlands Racetrack in East Rutherford, home to the gambling and New York Jets, of all places. And one on the waterfront in Jersey City, directly across from Lower Manhattan.

Fool’s Gold

New York, when it licensed three new casinos upstate in 2010, did therefore under the proviso that no casinos could be built downstate for seven years. This had been written to the bill that authorized its expansion, that was passed in 2013.

Nevertheless now, dealing with a border that is potential in the south, New York pols are mulling the concept of tearing that contract up, or at least making loud noises about https://1xbetwebsite.ru/ doing so in order to warn New Jersey down.

New Jersey, of program, has problems of its own. Atlantic City’s casino industry happens to be through tough times, mainly due to oversaturation of the market and increased competition from the casino expansion of neighboring states, chiefly Pennsylvania.

Some see northern casinos, which it’s hoped would tempt gamblers across the Hudson, as the response to all their problems, while other people see them as a fool’s silver which 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 on the issue. 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 New Jersey, but New York includes a interest that is vested video gaming and we’re not going to permit one of our neighbors to simply take away from that,’ Pretlow said this week.

As well as starting up casino gaming to New York City and its suburbs, the state is considering the thought of providing AqueductRacetrack and Yonkers Raceway casino that is full-blown. Or at the very least they will loudly be talking very about this whenever New Jerseyans are within earshot.

Pennsylvania Casinos Receive Choice To Dispense Alcohol 24/7, Las Vegas-Style

Enter a Pennsylvania casino in the months that are coming and you’ll likely have the option to consume alcohol 24 / 7. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into law in an effort to modernize the state’s rather antiquated alcohol statutes.

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 legislation to allow Pennsylvania gambling enterprises to provide alcohol all and night day. (Image: businesspundit.com)

Prior to the passage that is historic convenience stores and filling stations were barred from selling six packs of beer, and residents in the Keystone State couldn’t purchase wine in grocery stores or have wine shipped straight to their domiciles. Gambling enterprises were also forced to adhere to liquor laws governing taverns and bars and stop selling spirits at 2 am.

Pennsylvania will stay operating the continuing state liquor stores, but the bill is being celebrated by Wolf and liquor expansion proponents.

‘As i’ve always said, 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 into the 21st century,’ the governor stated.

Spirited Business

Before HB 1690, Pennsylvania’s 13 casinos were forbidden from serving alcohol after 2 am. Casinos will now have the possibility to rid on their own of those hourly restrictions, but 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 an initial 12 months. Renewals for the permits will 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 chance to serve booze 24 / 7, and in doing so, the state should benefit from the licensing revenue.

Republicans control the state legislature, and also the General that is conservative Assembly researching ways to fund Wolf’s proposed expanded budget that is anticipated to generate 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 streams Casino, the top three facilities that are grossing their state, have remained quiet on the alcohol news. However, all three are anticipated to benefit from the new measure.

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 Differ By State

An edge as gambling has expanded in the congested northeast, states are looking for ways to give their venues. Allowing alcohol that is perennial should do just that.

Nevada Regulators Give US Fantasy Thumbs Up, and DFS Has Returned On Board, Kind Of

A company named US Fantasy might conjure all kinds up of images, but this one proposes to offer dream recreations betting to clients at Nevada gambling enterprises predicated on a parimutuel wagering system. Owner Vic Salerno, known as an innovator in the race and sports book companies, believes that daily fantasy activities (DFS) could be right back in the menu in Nevada soon, at the very least in a format that is slightly tweaked.

That’s because this the Nevada Gaming Control Board (NGCB) recommended licensing for the company newly formed by Salerno in US Fantasy week.

Vegas sports betting innovator Vic Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English in 2011) is ready to unfurl his US Fantasy in Nevada. (Image: reviewjournal.com)

‘It’s so simple, I can’t realize why anybody didn’t contemplate this before,’ Salerno formerly told the Las Vegas Review-Journal. ‘ We realize fantasy sports has proven to be an attractive offering for a broader audience. It’s a unique possibility for the industry.’

Now, he’s giving it a brand new twist, 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 is expected to receive approval that is final.

Pointless Licensing

Nevadans have actually been without daily fantasy recreations (DFS) since late this past year, when operators pulled the plug following 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 playing sports, under current law, legislation and approvals, in order to lawfully expose DFS for play within the State of Nevada, someone must have a permit to use an activities pool issued by the Nevada Gaming Commission,’ wrote Burnett at the time.

While operators like DraftKings and FanDuel were told to cease and desist with immediate effect, regulators emphasized they applied for a sports betting license that they would be welcomed back in Nevada provided. But since their state does not sanction online activities betting, limiting offsite betting to remote apps in the state which can be certified by land-based casinos, the pursuit of online licensing has not been 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 may also seek to utilize 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 networked reward pools for the competitions. It may also offer online contests in states where DFS has already been regulated, and is perhaps not regarded as being sports wagering.

Salerno ended up being a co-founder of Leroy’s House and Sports Place, which opened in downtown vegas in the seventies that are late grew into American Wagering, the organization that operates the majority of Vegas sports publications today.

American Wagering was acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman for the newly formed William Hill United States. He is credited with launching several innovations into the industry, including the self-service betting kiosk and the state’s first mobile sports app that is betting.

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