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 move 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 feet of conference and exhibition space.
It’s going to 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 at risk of becoming saturated. Increased competition in nearby states, plus a costly expansion to its Connecticut resort at the beginning of the economic downturn, has saddled the Pequot with $1.7 billion with debt.
And now a new risk to 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 reaction, Foxwoods and its own Connecticut rival Mohegan Sun have partnered for a project that is proposed build 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 adequately concerned with the program to launch 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 use casinos in the state, and until now, only from of their very 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 New England’s casino border wars, Foxwoods clearly views expansion as the only path away from crippling financial obligation, and therefore it is looking south. But 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 in the Gulf Coast.
Biloxi’s Slowly Recovery
It has taken a ten years for the location to begin its recovery that is economic following devastation of Hurricane Katrina, during which several of Biloxi’s casinos were damaged or destroyed. But there are indications that Biloxi’s rebuilt casino industry is just starting to enjoy growth, and its 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 revenue and $758 million in non-gaming revenue in 2015, with Gulf Coast casinos accounting for $1.15 billion. And today, a decade after Katrina, Foxwoods is gambling on a bounce back to health that is full.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
New Jersey Casino Expansion? Not So Fast, Say Ny Lawmakers
New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he’s likely to sit straight back and allow New Jersey build casinos right across the water from New York City. (Image:assembly.state.ny.us)
A push that is recent 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 within the 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? Enable 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] just what to do,’ Pretlow told Bloodhorse.com this week. ‘We’re telling them if they do whatever they want to do then we are going to do that which we want to do.’
Ok, thanks, Gary.
To convert, New York is aghast that New Jersey is considering licensing two gambling enterprises in the north, in the middle of its own casino expansion upstate. They also had the chutzpah to think about one on the Meadowlands Racetrack in East Rutherford, home to the gambling and brand New York Jets, of all places. And one in the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three casinos that are new in 2010, did so underneath the proviso that no casinos could be built downstate for seven years. This had been 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 agreement up, or at least making loud noises about doing so in order to warn New Jersey down.
New Jersey, of program, has problems of its. Atlantic City’s casino industry was through tough times, mainly 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 others see them being a fool’s gold which could spell curtains for Atlantic City.
New Jersey residents will decide the question of expansion in a referendum in November, and polls suggest they are almost equally divided in the issue. Nyc is hoping that by flexing its muscles it might be able to put New Jersey voters off, and frighten away potential investors in North Jersey casino projects https://myfreepokies.com/bondibet-casino/.
‘I’m not interested in creating a border war with nj, but brand New York includes a vested interest in gaming and we are perhaps not going to allow one of our neighbors to take away from that,’ Pretlow said this week.
As well as starting up casino gaming to ny City and its suburbs, the state is considering the notion of giving AqueductRacetrack and Yonkers Raceway casino that is full-blown. Or at the very least they will be speaking extremely loudly about 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 coming months, and you’ll likely have the option to eat alcohol around the clock. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into legislation in an effort to modernize the state’s rather liquor that is antiquated.
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 enable Pennsylvania gambling enterprises to serve alcohol all night and day. (Image: businesspundit.com)
Just before the passage that is historic convenience stores and gas 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 right to their domiciles. Casinos were also forced to stick to liquor laws governing taverns and bars 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 said, 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 on their own among these hourly restrictions, nonetheless 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 year. Renewals for the permits will definitely cost $1 million for the following 36 months before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic gambling enterprises will jump at the possiblity to serve booze around the clock, and in doing so, the continuing state should take advantage of the certification revenue.
Republicans control the state legislature, as well as the General that is conservative Assembly looking for ways to fund Wolf’s proposed expanded spending plan that is expected to produce a $1 billion shortfall. In addition to easing liquor laws, the state is taking a look at on line gambling as another brand new income source.
Sands Bethlehem, Parx Casino, and Rivers Casino, the top three facilities that are grossing their state, have remained quiet on the liquor news. However, all three are anticipated to benefit from the new measure.
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 Vary 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 Has Returned On Board, Type Of
An organization named United States Fantasy might conjure all kinds up of images, but this one proposes to supply dream activities wagering to clients 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 sports (DFS) could possibly be back on the menu in Nevada quickly, at the very 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 innovator that is betting Salerno, right, (shown with American Wagering’s Senior Vice President of Business Development & Public Affairs John English last year) is able to unfurl his US Fantasy in Nevada. (Image: reviewjournal.com)
‘It’s so simple, I can’t realize why anybody didn’t consider this before,’ Salerno formerly told the Las Vegas Review-Journal. ‘ We know 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 brand 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 it really is anticipated to receive last approval.
Nevadans have been without daily fantasy sports (DFS) since late this past year, 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 copied Burnett’s decision.
‘Because DFS involves wagering on the collective performance of individuals participating in sporting events, under current law, regulation and approvals, in purchase to lawfully expose DFS for play within hawaii of Nevada, someone must possess a permit to use an activities pool issued by the Nevada Gaming Commission,’ wrote Burnett at the time.
While operators like DraftKings and FanDuel were told to cease and desist with immediate impact, regulators emphasized that they’d be welcomed back in Nevada provided they used for the sports betting license. But since their state does maybe not sanction online activities betting, limiting offsite betting to remote apps inside the state which are licensed by land-based casinos, the pursuit of online licensing has not been a priority for the market-leading DFS web sites.
US Fantasy, meanwhile, will offer competitions in Nevada through brick-and-mortar casinos, but will even seek to work alongside regulators in other states, in order to link up with racetracks, off-track-betting parlors, gambling enterprises, and lotteries around the united states. The target will be to help build prize that is networked for the contests. It may also offer contests that are online states where DFS has been regulated, and is not considered to be activities betting.
Salerno ended up being a co-founder of Leroy’s House and Sports Put, which opened in downtown Las Vegas in the seventies that are late grew into American Wagering, the business that operates the majority of Vegas recreations books today.
American Wagering was acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman of the newly created William Hill US. He’s credited with launching several innovations into the industry, including the self-service gambling kiosk and hawaii’s first mobile sports betting app.