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 made a comeback, plus the Mashantucket Pequot plan to move in by 2019.
Chairman of the Mashantucket Pequot https://myfreepokies.com/bondibet-casino/ 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 feet of conference and event space.
It’s going to be constructed on the website of a former heinz pet food factory on Biloxi’s Black 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 danger of becoming saturated. Increased competition in nearby states, plus a expensive expansion to its Connecticut resort during the beginning of the economic downturn, has saddled the Pequot with $1.7 billion with debt.
And now a new danger 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 actually partnered on a proposed project to 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 worried about the program to introduce a challenge that is legal the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot are the only entities lawfully allowed to operate casinos into the state, and until now, only from within their own tribal lands.
MGM is crying foul, noting that the satellite that is new would be built outside the tribes’ sovereign regions.
In the middle of New England’s casino border wars, Foxwoods clearly views expansion as its only path out of crippling debt, and so it’s searching south. But for all of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos itself. The city has 11, with a total of 15 on the Gulf Coast.
Biloxi’s Slowly Recovery
It has taken a ten years for the region to begin its economic recovery following a devastation of Hurricane Katrina, during which several of Biloxi’s casinos were damaged or damaged. But there are signs that Biloxi’s rebuilt casino industry is starting to enjoy growth, and its own tourism industry is recovering.
In accordance with 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. And now, a decade after Katrina, Foxwoods is gambling on a bounce back again to health that is full.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
Nj-new Jersey Casino Expansion? Not Therefore Fast, Say Ny Lawmakers
New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is likely to sit straight back and allow New Jersey build casinos right across the water from new york. (Image:assembly.state.ny.us)
A push that is recent brand New Jersey casino expansion has caused a boatload of controversy, and among those pushing back are neighboring New York City lawmakers.
Big Apple legislators are now considering cutting short the seven-year ban on certification casinos in the New York metropolitan area, so that you can counteract New Jersey’s proposed expansion in the north, or at minimum they are pretending they will.
Confused? Allow brand New York Assemblyman Gary Pretlow (D-89th), Chairman of the New York Senate Racing, Gaming, and Wagering Committee, to clear things up.
‘We’re not telling them [New Jersey] what to do,’ Pretlow told Bloodhorse.com this week. ‘we are telling them then we will do exactly what we wish to complete. when they do whatever they want to do’
Ok, many thanks, Gary.
To translate, New York is aghast that nj-new jersey is considering licensing two gambling enterprises in the north, in the middle of its own casino expansion upstate. They also had the chutzpah to consider one on the Meadowlands Racetrack in East Rutherford, home to the New York Giants and New York Jets, of all places. And one in the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three casinos that are new in 2010, did therefore under the proviso that no gambling enterprises could be built downstate for seven years. This ended up being written in to the bill that authorized its expansion, which was passed in 2013.
However now, facing a potential border war in the south, New York pols are mulling the theory 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. Atlantic City’s casino industry happens to be through tough times, mainly due to oversaturation of this 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 a fool’s gold that could spell curtains for Atlantic City.
New Jersey residents will decide the question of expansion in a referendum in and polls suggest they are almost equally divided on the issue november. Nyc is hoping that by flexing its muscles it may be able to put New Jersey voters off, and scare away potential investors in North Jersey casino projects.
‘I’m not enthusiastic about creating a border war with nj-new jersey, but brand New York has a interest that is vested gaming and we are maybe not going allowing one of our neighbors to just take away 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 providing AqueductRacetrack and Yonkers Raceway full-blown casino licenses. Or at the least they will be chatting extremely loudly about this whenever New Jerseyans are within earshot.
Pennsylvania Casinos Receive Choice To Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino into the months that are coming and also you’ll likely have the choice to eat alcohol 24 / 7. 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 streams, Parx, and Sands Bethlehem properties will likely continue pouring, now that Governor Tom Wolf has signed a law to allow Pennsylvania gambling enterprises to provide alcohol all and night day. (Image: businesspundit.com)
Prior to the historic passage, convenience stores and gasoline 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 directly to their homes. 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 state liquor stores, but the bill is being celebrated by Wolf and alcohol expansion proponents.
‘As I have always stated, my goal is to modernize the sale of liquor and beer in Pennsylvania and also this reform package finally brings Pennsylvania’s wine and spirits system into the 21st century,’ the governor stated.
Before HB 1690, Pennsylvania’s 13 casinos were forbidden from serving alcohol after 2 am. Casinos will now have the option to rid on their own of those hourly limitations, nevertheless they will come at a high price.
The new casino liquor 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 cost $1 million for the following 36 months before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic casinos will jump at the chance to serve booze around the clock, as well as in doing so, the state should take advantage of the certification revenue.
Republicans control the state legislature, plus the conservative General Assembly is researching ways to fund Wolf’s proposed expanded budget that is expected to create 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 facilities that are grossing the state, have remained quiet on the alcohol news. However, all three are required to take advantage of the measure that is new.
While Sands and Parx aren’t positioned within walking distance of urban downtowns where nightlife is forced to disperse at 2 am, the Rivers Casino could become the newest go-to after party spot once town bars close in Pittsburgh.
Alcohol Laws Vary By State
An edge as gambling has expanded in the congested northeast, states are looking for ways to give their venues. Permitting alcohol that is perennial should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Is Back On Board, Type Of
An organization named US Fantasy might conjure up all sorts of images, but this one proposes to supply dream recreations betting to clients at Nevada casinos based on a parimutuel wagering system. Owner Vic Salerno, known being an innovator in the race and sports book industries, believes that daily fantasy recreations (DFS) might be straight back in the menu in Nevada soon, at the very least in a slightly tweaked format.
That’s because this the Nevada Gaming Control Board (NGCB) recommended licensing for the company newly formed by Salerno in US Fantasy week.
Las vegas, nevada sports innovator that is betting Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English last year) is ready to unfurl his United States Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t understand just why anyone didn’t contemplate this before,’ Salerno formerly told the Las Las Vegas Review-Journal. ‘ We all know fantasy sports has proven to be an attractive offering for a broader market. 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 human athletes.’
On Wednesday, the Gaming Control Board unanimously recommended the issue of an off-track, parimutuel sports system operator’s license. The application will now be passed to the Nevada Gaming Commission (NGC) where it’s expected to receive approval that is final.
Nevadans have been without daily fantasy sports (DFS) since late last 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 was subsequently supported by the state’s Attorney General Adam Laxalt, who copied Burnett’s decision.
‘Because DFS involves wagering on the collective performance of individuals taking part in sporting events, under current legislation, legislation and approvals, in order to lawfully expose DFS for play within the State of Nevada, someone must possess a license to work a recreations 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 that they’d be welcomed back in Nevada provided they applied for the sports betting license. But since the state does not sanction online sports betting, limiting offsite betting to remote apps inside the state that are certified by land-based casinos, the pursuit of online certification is not a priority for the market-leading DFS web sites.
US Fantasy, meanwhile, will offer competitions in Nevada through brick-and-mortar casinos, but may also seek to do business with regulators in other states, so as to link up with racetracks, off-track-betting parlors, casinos, and lotteries around the usa. The goal will be to help build networked reward pools for the contests. It may also offer online contests in states where DFS has already been regulated, and is perhaps not regarded as recreations betting.
Salerno had been a co-founder of Leroy’s House and Sports destination, which opened in downtown Las Vegas in the seventies that are late grew into American Wagering, the business that operates the majority of Vegas recreations books today.
American Wagering was acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman for the newly created William Hill United States. He could be credited with launching several innovations into the industry, including the self-service gambling kiosk and the state’s first mobile sports betting app.