MassGaming to take into account Sole Region C Casino Proposal

MassGaming to take into account Sole Region C Casino Proposal

The Massachusetts Gaming Commission talked about several important issues at A thursday conference held at boston’s john b. hynes veterans memorial convention center.

Their state gambling regulator offered the nod to MGM Resorts Overseas’s request to delay the opening of its $800-million casino resort in Springfield to 2018 september. The explanation for this is the reconstruction regarding the Interstate 91 viaduct, which can be expected to be completed by 2018 august.

Commissioners have not been specially interested in the wait as the state would be to lose about $10 million in income tax income for each and every the casino does not operate month. But, they admitted it wouldn’t be advantageous to business, if MGM opens its resort at a time when key I-91 lanes are closed down as this would influence visitors’ first impressions in a negative means.

Another matter which was talked about throughout the meeting was Brockton and its application for a $650-million casino resort in Southeastern Massachusetts, or Region C as it is officially referred to thursday. In fact, the town has remained the contender that is sole a casino license in the region, after nyc developer KG Urban dropped its bid for a gambling place in New Bedford.

The Brockton proposition is backed and funded by Mass Gaming and Entertainment, affiliate of Chicago-based video gaming company Rush Street Gaming. Within their very first formal s Continue reading “MassGaming to take into account Sole Region C Casino Proposal”

Massachusetts Casino Vote Defeated in East Boston and Palmer

Massachusetts Casino Vote Defeated in East Boston and Palmer

Voters defeated an East Boston casino bid, although the project could still get up in Revere. (Image source: hideseekmedia.com)

Casino opponents in East Boston had been hoping for a victory on Tuesday, and bracing themselves for whatever they thought was a loss that is likely. Alternatively, they quickly found out that they had been facing a landslide but one in their favor.

Surprising Defeat

Voters in East Boston rejected a proposed casino during the Suffolk Downs race track, ending exactly what had been a remarkably contentious battle over the potential gambling venue. Based on the unofficial results, 56 percent of East Boston voters came out against the casino, with just 44 percent supporting it. That came as a surprise if not a total shock to lots of the casino’s biggest opponents.

‘We’re completely elated and impressed by the noisy resounding ‘no’ the folks of East Boston gave to the casino developers,’ stated Celeste Myers, co-chairwoman for No Eastie Casino. ‘I arrived to the day bracing myself and talking myself into being content with a modest loss…I had no reason to expect that we would realize a win, much less a win with this nature.’

It is possible that the point that is turning the race arrived when Suffolk Downs dropped Caesars Entertainment as a partner on the casino project after the Massachusetts Gaming Commission expressed concerns throughout the company’s participation. Soon Continue reading “Massachusetts Casino Vote Defeated in East Boston and Palmer”

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Caesars Entertainment is devoid of a good week after being hit with numerous crises; any resemblance of Nero here to company CEO Gary Loveman is solely coincidental.

Then Caesars Entertainment Corp. is doing just fantastically well if the old adage that bad publicity is better than no publicity holds true. By virtually any measures, however: maybe not so much.

As if being forced for PR reasons to cut ties with its Las Vegas Strip hotel that is new casino project partner Gansevoort and bailing from a $1 billion Boston-area casino project with racetrack Suffolk Downs were not sufficient, the casino giant has become reportedly the subject of federal inquiry into potential violations of the lender Secrecy Act at Caesars Palace, their flagship Las Vegas home. Then add a bizarre and shooting that is random of Drai’s at Caesars-owned Bally’s in vegas, a tragedy that left one patron dead who had been trying to tackle the gunman, as well as two security guards wounded. And lastly, a baby that is newborn body reportedly found behind Planet Hollywood on the Strip in identical week might have made it seem like the Apocalypse had landed in Caesars’ backyard ahead of schedule.

Problem After Problem for Caesars

Of course, the company’s industry-high $23.5 billion debtload that is long-term perhaps not also news anymore; it’s just become a huge yoke that Caesars now carries around wherever it goes these days. The ques Continue reading “Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel”

Southern Korea Officials Reveal 34 Bidders for Casino Licenses

Southern Korea Officials Reveal 34 Bidders for Casino Licenses

The South Korean Ministry of society, Sports, and Tourism revealed there are 34 bidders for the 2 casino licenses which can be to be granted for the procedure of two foreigner-only built-in resorts in the nation’s boundaries.

Southern Korea officials are required to announce later on in where one of the hotel and casino properties is to be located august. This could mark the start of the choice process. Analysts genuinely believe that among the venues will likely be integrated Seoul or somewhere near the nation’s money. Are you aware that other integrated resort it is probably be located in Incheon. The town is known for the Incheon International Airport, the biggest one in Southern Korea.

Casino operators and experts have repeatedly noticed that a gambling location located somewhere near the airport probably will turn out to be a profitable one as it would be to attract more Chinese high rollers along with wealthy visitors from other countries that are asian.

The Ministry of community, Sports, and Tourism will start thinking about all 34 bidders and it is anticipated to announce its choice on which two of those should be awarded the casino licenses in 2015 december.

Two such licenses have been given by the ministry. The built-in resorts will be situated on the Yeongjongdo Island and Incheon. LOCZ Korea, a consortium between Chinese estate that is real Lippo Group and Las Vegas-based casino operator Cae Continue reading “Southern Korea Officials Reveal 34 Bidders for Casino Licenses”