Foxwoods‘ operator, the Mashantucket Pequot Tribal Nation, has announced plans to build 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, as well as the Mashantucket Pequot plan to go in by 2019.
Chairman of the Mashantucket Pequot Tribal Council Rodney Butler said 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 meeting and exhibition space.
It will be constructed on your 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 at risk of becoming saturated. Increased competition in nearby states, plus a costly expansion to its Connecticut resort during the beginning of the economic downturn, has saddled the Pequot with $1.7 billion in 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 own Connecticut rival Mohegan Sun have actually partnered on a project that is proposed create 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 adequately concerned with the master plan to introduce a legal 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 work casinos in the state, and until now, only from inside their own tribal lands.
MGM is crying foul, noting that the new satellite casino would be built outside the tribes‘ sovereign regions.
In the midst of brand New England’s casino border wars, Foxwoods obviously views expansion as its only path away from crippling debt, and so it’s looking south. But also for most of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos itself. The city has 11, with a total of 15 in 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 indications that Biloxi’s rebuilt casino industry is starting to enjoy development, and its tourism industry is recovering.
Based on a recent report by the Mississippi Gaming and Hospitality Association, Mississippi casinos reported $2.12 billion in video gaming income and $758 million in non-gaming revenue in 2015, with Gulf Coast casinos accounting for $1.15 billion. Now, a decade after Katrina, Foxwoods is gambling on a bounce back to complete wellness.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
Nj Casino Expansion? Not So Fast, Say Nyc Lawmakers
Brand New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is going to stay back and allow nj-new Jersey build casinos right across the water from new york. (Image:assembly.state.ny.us)
A recent push for 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 quick the seven-year ban on certification casinos in the brand New York metropolitan area, in order to counteract New Jersey’s proposed expansion in the north, or at minimum 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 bondibet casino bonus codes 2016 [New Jersey] exactly what to do,‘ Pretlow told Bloodhorse.com this week. ‚we are telling them when they do what they wish to accomplish then we’re going to do what we desire to do.‘
Ok, many thanks, Gary.
To convert, New York is aghast that New Jersey is considering licensing two gambling enterprises in the north, in the midst of its casino expansion that is own upstate. They even had the chutzpah to consider 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.
New York, when it licensed three new casinos upstate this season, did so beneath the proviso that no gambling enterprises might be built downstate for seven years. This was written to the bill that authorized its expansion, which was passed in 2013.
But now, facing 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 doing so so that you can warn New Jersey off.
New Jersey, of course, has problems of its. 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 northern casinos, which it’s hoped would lure gamblers across the Hudson, as the response to all their problems, while other people see them being a fool’s silver which could spell curtains for Atlantic City.
New Jersey residents will decide 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 might be able to put Brand New Jersey voters off, and frighten investors that are away potential North Jersey casino projects.
‚I’m not enthusiastic about creating a border war with nj-new jersey, but brand New York features a interest that is vested video gaming and we are maybe not going to allow one of our neighbors to just take away from that,‘ Pretlow said this week.
As well as opening 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 very least they will loudly be talking very about it whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Substitute For Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino in the months that are coming and also you’ll likely have the option to eat alcohol night and day. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into legislation in order to modernize the state’s rather antiquated liquor statutes.
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 serve alcohol all and night day. (Image: businesspundit.com)
Just before the passage that is historic convenience stores and gas stations had been barred from selling six packages of alcohol, and residents in the Keystone State couldn’t purchase wine in food markets or have wine shipped directly to their domiciles. Gambling enterprises were also forced to stick to liquor laws governing taverns and bars and stop selling spirits at 2 am.
Pennsylvania will stay running the continuing state liquor stores, but the bill is being celebrated by Wolf and liquor 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 now have the choice to rid themselves of these hourly limitations, nonetheless 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 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 gambling enterprises will jump during the opportunity to serve booze around the clock, as well as in doing so, the continuing 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 create a $1 billion shortfall. In addition to easing liquor laws and regulations, the state is taking a look at on line gambling as another brand new income source.
Sands Bethlehem, Parx Casino, and streams Casino, the top three facilities that are grossing their state, have stayed quiet on the liquor news. However, all three are expected to take advantage of the new measure.
While Sands and Parx are not positioned within walking distance of urban downtowns where nightlife is forced to disperse at 2 am, the Rivers Casino could become the new go-to after party spot once city bars close in Pittsburgh.
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 Is Back On Board, Sort Of
A business named United States Fantasy might conjure all kinds up of images, but this one proposes to offer dream recreations betting to customers at Nevada casinos considering a parimutuel wagering system. Owner Vic Salerno, known being an innovator in the race and sports book companies, believes that daily fantasy recreations (DFS) could be right back in the menu in Nevada quickly, at the 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 activities innovator that is betting 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 consider 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 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 an off-track, parimutuel sports system operator’s license. The application will now be passed to the Nevada Gaming Commission (NGC) where it really is anticipated to receive last approval.
Nevadans have actually been without daily fantasy sports (DFS) since late year that is last when operators pulled the plug adhering to 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 performance that is collective of taking part in sports, under current law, regulation and approvals, in purchase to lawfully expose DFS for play within hawaii of Nevada, a person must possess a permit to use a recreations pool issued by the Nevada Gaming Commission,‘ wrote Burnett at that 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 hawaii does perhaps not sanction online activities betting, limiting offsite betting to remote apps within the state which can be licensed by land-based casinos, the pursuit of online certification is not a priority for the market-leading DFS internet sites.
US Fantasy, meanwhile, will provide competitions in Nevada through brick-and-mortar casinos, but will also seek to work well 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 prize that is networked for the contests. It may additionally offer contests that are online states where DFS has been regulated, and is maybe not regarded as activities betting.
Salerno ended up being a co-founder of Leroy’s House and Sports spot, which started in downtown Las Vegas in the seventies that are late grew into American Wagering, the company that operates the majority of Vegas sports books today.
American Wagering had been acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman associated with newly created William Hill US. 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.