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 casinos have now made a comeback, therefore the Mashantucket Pequot plan to maneuver in by 2019.
Chairman of the Mashantucket Pequot Tribal Council Rodney Butler said this week that the proposed $265 million casino resort, and also to be called Foxwoods, will host a 500-room hotel, and 71,000 square feet of conference and event space.
It’ll be constructed on the site of a previous 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 at risk of becoming saturated. Increased competition in nearby states, plus an expansion that is costly its Connecticut resort at the start of economic downturn, has saddled the Pequot with $1.7 billion in debt.
And now a threat that is new the once-thriving Foxwoods looms simply 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 response, Foxwoods and its Connecticut rival Mohegan Sun have actually partnered for a project that is proposed develop 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 about the program to launch a legal challenge against the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot would be the only entities lawfully permitted to use casinos within the state, and until now, only from inside their very own tribal lands.
MGM is crying foul, noting that the brand new satellite casino would be built outside the tribes’ sovereign regions.
In the midst of New England’s casino border wars, Foxwoods obviously views expansion as its only path out of crippling financial obligation, and so it is looking south. But also for all 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 location to begin its economic data recovery following devastation of Hurricane Katrina, during which several of Biloxi’s casinos had been damaged or destroyed. But there are indications that Biloxi’s rebuilt casino industry is just starting to enjoy development, and its particular 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 in to full health.
The tribe has said that it hopes to open Foxwoods Mississippi in spring of 2019.
New Jersey Casino Expansion? Maybe Not So Fast, Say Nyc Lawmakers
New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he’s going to stay straight back and let nj-new Jersey build casinos right across the water from nyc. (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 short the seven-year ban on licensing casinos in the New York metropolitan area, so that you can counteract New Jersey’s proposed expansion in the north, or at minimum they truly 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 are not telling them [New Jersey] what to do,’ Pretlow told Bloodhorse.com this week. ‘We’re telling them then we will do just what we want to accomplish. when they do what they want to do’
Ok, thanks, Gary.
To convert, New York is aghast that nj-new jersey is considering licensing two casinos in the north, in the middle 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 regarding the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three new casinos upstate in 2010, did so beneath the proviso that no gambling enterprises could be built downstate for seven years. This was written in to the bill that authorized its expansion, that was passed in 2013.
But now, dealing with 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 unique. Atlantic City’s casino industry happens to be through tough times, largely 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 lure gamblers across the Hudson, as the answer to all their problems, while others see them being a fool’s silver which could spell curtains for Atlantic City.
New Jersey residents will determine the concern of expansion in a referendum in and polls suggest they are almost equally divided on the issue november. New York is hoping that by flexing its muscles it could be able to put Brand New Jersey voters off, and scare away potential investors in North Jersey casino projects.
‘I’m not interested in creating a border war with New Jersey, but New York includes a interest that is vested video gaming and we’re maybe 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 New York City and its suburbs, the state is considering the idea of providing AqueductRacetrack and Yonkers Raceway full-blown casino licenses. Or at least they will loudly be talking very about any of it whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Choice To Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino into the coming months, and you also’ll likely have the option to consume alcohol 24 / 7. On June 8, Governor Tom Wolf (D) signed House Bill Ð±Ðº 1xbet Ð·ÐµÑ€ÐºÐ°Ð»Ð¾ 1690 into law in order 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 enable Pennsylvania gambling enterprises to serve alcohol all day and night. (Image: businesspundit.com)
Ahead of the historic passage, convenience stores and filling stations had been 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 houses. Gambling enterprises were also forced to adhere to alcohol laws taverns that are governing pubs and stop selling spirits at 2 am.
Pennsylvania will continue running the continuing state liquor shops, 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 this reform package finally brings Pennsylvania’s wine and spirits system to the 21st century,’ 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 option to rid by themselves of these hourly restrictions, however they will come at a cost that is steep.
The new casino liquor 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 surely cost $1 million for the following three years before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic gambling enterprises will jump during the possiblity to serve booze 24 / 7, plus in doing so, the state should take advantage of the licensing revenue.
Republicans control the state legislature, while the conservative General Assembly is looking for ways to fund Wolf’s proposed expanded budget that is expected 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 the state, have remained quiet on the alcohol news. However, all three are anticipated 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 this new go-to after celebration spot once city bars close in Pittsburgh.
Alcohol Laws Differ By State
As gambling has expanded in the congested northeast, states are looking for methods to give their venues a benefit. Permitting perennial alcohol sales should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Is Back On Board, Kind Of
A company named United States Fantasy might conjure all kinds up of images, but this one proposes to offer dream activities gambling to clients at Nevada gambling enterprises considering a parimutuel wagering system. Owner Vic Salerno, known as an innovator in the race and sports book companies, believes that daily fantasy sports (DFS) could possibly be right back regarding the menu in Nevada soon, at least in a slightly tweaked format.
That’s because this week, the Nevada Gaming Control Board (NGCB) recommended certification for the business newly formed by Salerno in US Fantasy.
Las vegas, nevada recreations betting innovator Vic Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English in 2011) is able to unfurl his US Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t understand why anybody didn’t think of this before,’ Salerno previously told the Las Vegas Review-Journal. ‘ We realize fantasy sports has proven to be an offering that is attractive a broader market. It is 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 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.
Nevadans have actually been without daily fantasy sports (DFS) since late a year ago, 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 backed up Burnett’s choice.
‘Because DFS involves wagering on the collective performance of people playing sports, under current legislation, legislation and approvals, in order to lawfully expose DFS for play within hawaii of Nevada, someone must have a permit to use a sports 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 effect, regulators emphasized that they might be welcomed back in Nevada provided they applied for the sports betting permit. But since their state does maybe not sanction online sports betting, limiting offsite betting to remote apps in the state which can be certified by land-based casinos, the pursuit of online licensing is not 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 do business with regulators in other states, so as to connect 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 additionally offer online contests in states where DFS has recently been regulated, and is maybe not considered to be activities gambling.
Salerno had been a co-founder of Leroy’s House and Sports Put, which launched in downtown Las Vegas in the seventies that are late grew into American Wagering, the business that operates nearly all Vegas sports 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 introducing several innovations into the industry, including the self-service betting kiosk and their state’s first mobile sports betting app.