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 produced comeback, therefore 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, also to be called Foxwoods, will host a 500-room hotel, and 71,000 square foot of meeting and exhibition space.
It’ll be built on the website of A heinz that is former pet 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 danger of becoming saturated. Increased competition in nearby states, plus a expensive expansion to its Connecticut resort at the start of economic downturn, has saddled the Pequot with $1.7 billion with 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.
New England Border Wars
In reaction, Foxwoods and its own Connecticut rival Mohegan Sun have actually partnered on a project that is proposed build a ‘satellite casino’ on the other hand 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 plan to introduce a challenge that is legal the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot will be the only entities lawfully allowed to operate casinos in the state, and until now, only from inside their own lands that are tribal.
MGM is crying foul, noting that the satellite that is new would be built outside the tribes’ sovereign regions.
In the midst of New England’s casino border wars, Foxwoods clearly sees expansion as its only path out of crippling financial obligation, and so it’s looking south. But for all of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos it self. The city has 11, with a total of 15 in the Gulf Coast.
Biloxi’s Slow Recovery
It has taken a ten years for the region to begin its economic data recovery following a devastation of Hurricane Katrina, during which several of Biloxi’s casinos were damaged or damaged. But there are indications that Biloxi’s rebuilt casino industry is just starting to enjoy development, and its own tourism industry is recovering.
According to a recent report by the Mississippi Gaming and Hospitality Association, Mississippi gambling enterprises 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 again to complete wellness.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
Nj Casino Expansion? Maybe Not So Fast, Say Nyc Lawmakers
Brand New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is likely to sit back and allow New Jersey build casinos right across the water from new york. (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 brief the ban that is seven-year certification casinos within the brand New York metropolitan area, in order to counteract New Jersey’s proposed expansion in the north, or at minimum they are pretending they will.
Confused? Enable 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 are telling them then we are going to do what we wish doing. if they do whatever they want to do’
Ok, many thanks, Gary.
To translate, New York is aghast that nj is considering licensing two casinos in the north, in the midst 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 on the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three casinos that are new this year, did so beneath the proviso that no casinos might be built downstate for seven years. This ended up being written to the bill that authorized its expansion, that was passed in 2013.
Nevertheless 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 so to be able to warn New Jersey down.
New Jersey, of course, has problems of unique. Atlantic City’s casino industry is through tough times, mostly 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 answer to all their problems, while other people see them as being a fool’s gold that may 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. New York is hoping that by flexing its muscles it could be able to put New Jersey voters off, and scare investors that are away potential North Jersey casino projects.
‘I’m not interested in creating a border war with nj, but New York features a interest that is vested gaming and we’re not going to allow one of our neighbors to simply take far from that,’ Pretlow said this week.
As well as opening up casino gaming to nyc City and its suburbs, the state is considering the idea of giving AqueductRacetrack and Yonkers Raceway full-blown casino licenses. Or at the very least they will loudly be talking very about 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 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 law in order to modernize the state’s rather liquor that is antiquated.
Drinks, anyone? When bars 1xbet Ð·ÐµÑ€ÐºÐ°Ð»Ð¾ ÑÐ°Ð¹Ñ‚Ð° Ð½Ð° ÑÐµÐ³Ð¾Ð´Ð½Ñ 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 historic passage, convenience stores and gasoline stations were barred from selling six packages of alcohol, and residents in the Keystone State couldn’t purchase wine in grocery stores or have wine shipped straight to their houses. Casinos were also forced to adhere to alcohol laws taverns that are governing pubs and stop selling spirits at 2 am.
Pennsylvania will continue operating 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 also this reform package finally brings Pennsylvania’s wine and spirits system into 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 on their own of these hourly limitations, however 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 an initial year. Renewals for the permits will cost $1 million for the next 3 years before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic casinos will leap during the chance to serve booze 24 / 7, and in doing so, the state should take advantage of the licensing revenue.
Republicans control the state legislature, as well as the conservative General Assembly is researching ways to fund Wolf’s proposed expanded budget that is expected to produce a $1 billion shortfall. In addition to easing liquor legislation, the state is looking at on the web gambling as another brand new revenue stream.
Sands Bethlehem, Parx Casino, and Rivers Casino, the top three facilities that are grossing the state, have stayed quiet on the liquor news. However, all three are expected to benefit from the measure that is new.
While Sands and Parx are not situated within walking distance of urban downtowns where nightlife is forced to disperse at 2 am, the Rivers Casino could become the brand new 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 Has Returned On Board, Sort Of
An organization named United States Fantasy might conjure all kinds up of images, but this one proposes to provide fantasy activities gambling to customers at Nevada gambling enterprises predicated on a parimutuel wagering system. Owner Vic Salerno, known as an innovator in the race and sports book industries, believes that daily fantasy sports (DFS) could be right back regarding the menu in Nevada quickly, at least in a slightly tweaked format.
That’s because this week, the Nevada Gaming Control Board (NGCB) recommended licensing for the company newly formed by Salerno in US Fantasy.
Las vegas, nevada sports betting innovator Vic Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English in 2011) is ready to unfurl his US Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t understand just why anybody didn’t consider this before,’ Salerno previously told the Las Vegas Review-Journal. ‘ We know fantasy sports has proven become an offering that is attractive a broader audience. It’s a opportunity that is unique the industry.’
Now, he’s giving it a brand new twist, telling Gaming Today this week that ‘all we’re doing is replacing horses with individual athletes.’
On Wednesday, the Gaming Control Board unanimously suggested 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 it really is anticipated to receive approval that is final.
Nevadans have actually been without daily fantasy activities (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 ended up being subsequently supported by the state’s Attorney General Adam Laxalt, who backed up Burnett’s decision.
‘Because DFS involves wagering on the collective performance of individuals participating in sports, under current law, regulation and approvals, in purchase to lawfully expose DFS for play within the State of Nevada, a person must possess a license to work 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 effect, regulators emphasized that they would be welcomed back in Nevada provided they applied for the sports betting license. But since hawaii does maybe not sanction online activities betting, limiting offsite betting to remote apps inside the state being certified by land-based casinos, the pursuit of online certification has not been a priority for the market-leading DFS web sites.
US Fantasy, meanwhile, will provide competitions in Nevada through brick-and-mortar casinos, but will even seek to work alongside regulators in other states, in an effort to connect up with racetracks, off-track-betting parlors, gambling enterprises, and lotteries around the usa. The target will be to help build networked prize pools for the contests. It may additionally offer online contests in states where DFS has been regulated, and is perhaps not regarded as activities gambling.
Salerno was a co-founder of Leroy’s House and Sports Put, which exposed in downtown nevada in the seventies that are late grew into American Wagering, the company that operates nearly all Vegas sports books today.
American Wagering was acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman associated with newly formed William Hill US. He’s credited with introducing several innovations into the industry, including the self-service wagering kiosk and their state’s first mobile sports app that is betting.