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 made a comeback, and the Mashantucket Pequot plan to go 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 feet of conference and event space.
It’s going to be built on the website of a former 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 a costly expansion to its Connecticut resort during the start of economic downturn, has saddled the Pequot with $1.7 billion in debt.
And now a new risk 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.
New England Border Wars
In response, Foxwoods and its Connecticut rival Mohegan Sun have actually partnered on a proposed project to create a ‘satellite casino’ on the other hand of the border. The task that has been scornfully dismissed by MGM Chairman Jim Murren as a ‘box of slots.’
But MGM is adequately concerned with the plan to launch 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 permitted to work casinos in the state, and until now, only from of 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 brand New England’s casino border wars, Foxwoods obviously sees expansion as the only route out of crippling debt, and so it is looking south. However for most of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos it self. The town 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 recovery that is economic following devastation of Hurricane Katrina, during which several of Biloxi’s casinos had been damaged or destroyed. But there are signs 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 income 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 to complete wellness.
The tribe has said that it hopes to open Foxwoods Mississippi in spring of 2019.
Nj Casino Expansion? Maybe Not Therefore Fast, Say New York Lawmakers
Brand New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is going to stay straight back and let New Jersey build casinos right across the water from New York City. (Image:assembly.state.ny.us)
A recent push for 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 brand New York metropolitan area, so that you can counteract New Jersey’s proposed expansion in the north, or at least they’re 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] exactly what to do,’ Pretlow told Bloodhorse.com this week. ‘We’re telling them then we will do just what we would like to accomplish. when they do whatever they wish to do’
Ok, many thanks, Gary.
To translate, New York is aghast that nj is considering licensing two casinos in the north, in the middle of its casino expansion that is own upstate. They also had the chutzpah to take into account one on the Meadowlands Racetrack in East Rutherford, home to the gambling and brand New York Jets, of all places. And one on the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three new casinos upstate this year, did therefore beneath the proviso that no gambling enterprises might be built downstate for seven years. This had been written into the bill that authorized its expansion, that was passed in 2013.
However now, dealing with a potential border war in the south, New York pols are mulling the idea of tearing that agreement up, or at least making loud noises about doing so to be able to warn New Jersey down.
New Jersey, of course, has problems of a unique. Atlantic City’s casino industry was through tough times, largely 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 tempt gamblers across the Hudson, as the response to all their problems, while others see them being a fool’s gold which could spell curtains for Atlantic City.
New Jersey residents will determine the concern of expansion in a referendum in November, and polls suggest they are almost equally divided regarding the issue. Ny is hoping that by flexing its muscles it could be able to put New Jersey voters off, and frighten away potential investors in North Jersey casino projects.
‘I’m not thinking about creating a border war with New Jersey, but brand New York includes a interest that is vested video gaming and we are perhaps not going to permit one of our neighbors to take far from that,’ Pretlow said this week.
As well as starting up casino gaming to ny City and its suburbs, the state is considering the thought of providing AqueductRacetrack and Yonkers Raceway casino that is full-blown. Or at the least they will be chatting extremely loudly about any of it whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Option to Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino into the months that are coming and you’ll likely have the option to take alcohol 24 / 7. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into legislation 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 casinos to provide alcohol all and night day. (Image: businesspundit.com)
Prior to the passage that is historic convenience stores and gas stations were barred from selling six packages of alcohol, and residents in the Keystone State couldn’t purchase wine in food markets or have wine shipped straight to their domiciles. Gambling enterprises were also forced to adhere to alcohol laws governing taverns and pubs and stop selling spirits at 2 am.
Pennsylvania will stay running the state liquor shops, but the bill is being celebrated by Wolf and alcohol expansion proponents.
‘As i’ve always said, my goal is to modernize the sale of liquor and alcohol in Pennsylvania and also this reform package finally brings Pennsylvania’s wine and spirits system to the century that is 21st’ the governor stated.
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 by themselves of those hourly limitations, nevertheless they will come at a high expense.
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 next 36 months before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic casinos will leap at the possiblity to serve booze night and day, plus in doing so, the continuing state should take advantage of the licensing revenue.
Republicans control the state legislature, and also the conservative General Assembly is researching ways to fund Wolf’s proposed expanded spending plan that is anticipated 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 hawaii, have stayed quiet on the alcohol news. However, all three are anticipated to take advantage 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 Differ By State
As gambling has expanded in the congested northeast, states are seeking ways to offer their venues an advantage. Allowing alcohol that is perennial should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Is Back On Board, Sort Of
A company named United States Fantasy might conjure up all kinds of images, but this one proposes to offer fantasy sports betting to customers at Nevada casinos 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 possibly be right back in the menu in Nevada quickly, 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 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 US Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t understand why anyone didn’t contemplate this before,’ Salerno formerly told the Las Las Vegas Review-Journal. ‘ We understand fantasy sports has https://1xbetwebsite.ru/ proven to be an offering that is attractive a broader audience. It’s a unique opportunity for the industry.’
Now, he’s giving it a new twist, 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 a off-track, parimutuel sports system operator’s license. The application will now be passed to the Nevada Gaming Commission (NGC) where its anticipated to receive approval that is final.
Nevadans have actually been without daily fantasy sports (DFS) since late year that is last when operators pulled the plug carrying out a ruling by Gaming Control Board Chairman A.G. Burnett that DFS constituted gambling under Nevada law. And that ruling had been subsequently supported by the state’s Attorney General Adam Laxalt, who supported Burnett’s decision.
‘Because DFS involves wagering on the performance that is collective of participating in sports, under current legislation, regulation and approvals, in purchase to lawfully expose DFS for play within their state of Nevada, someone must have a license to operate an activities pool issued by the Nevada Gaming Commission,’ wrote Burnett during the time.
While operators like DraftKings and FanDuel were told to cease and desist with immediate impact, regulators emphasized they applied for a sports betting license that they would be welcomed back in Nevada provided. But since their state does maybe not sanction online sports betting, limiting offsite betting to remote apps in the state that are licensed by land-based casinos, the pursuit of online certification will not be a priority for the market-leading DFS sites.
US Fantasy, meanwhile, will offer competitions in Nevada through brick-and-mortar casinos, but will even seek to utilize regulators in other states, in an effort to connect up with racetracks, off-track-betting parlors, gambling enterprises, and lotteries around the usa. The goal will be to help build networked award pools for the contests. It may also offer contests that are online states where DFS has already been regulated, and is perhaps not regarded as activities gambling.
Salerno had been a co-founder of Leroy’s House and Sports Put, which started in downtown vegas in the late seventies and grew into American Wagering, the business that operates nearly all Vegas recreations publications today.
American Wagering had been acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman for the newly created William Hill United States. He is credited with presenting several innovations into the industry, including the self-service wagering kiosk and the state’s first mobile sports app that is betting.