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, and also 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, and to be called Foxwoods, will host a 500-room hotel, and 71,000 square feet of conference and event space.
It’s going to be constructed on the website 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 in danger of becoming saturated. Increased competition in nearby states, plus an expansion that is costly its Connecticut resort during the beginning of the 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 response, Foxwoods and its own Connecticut rival Mohegan Sun have actually partnered for a proposed project to develop 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 adequately worried about the master plan to launch a challenge that is legal the state of Connecticut, decrying the proposed satellite casino as unconstitutional. The Mohegans and the Pequot would be the only entities lawfully allowed to operate casinos in the state, and until now, only from of their own tribal lands.
MGM is crying foul, noting that the bondibet online casino satellite that is new would be built outside the tribes’ sovereign territories.
In the middle of New England’s casino border wars, Foxwoods clearly sees expansion as the only route out of crippling financial obligation, and so it is searching south. But for all of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos itself. The city has 11, with a total of 15 regarding the Gulf Coast.
Biloxi’s Slowly Recovery
It has taken a decade for the area 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 just starting to enjoy growth, and its particular tourism industry is recovering.
In accordance with a report that is recent 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 casinos accounting for $1.15 billion. And today, a decade after Katrina, Foxwoods is gambling on a bounce back again to complete wellness.
The tribe has said that it hopes to open Foxwoods Mississippi in spring of 2019.
New Jersey Casino Expansion? Not Therefore Fast, Say Ny Lawmakers
Brand New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he is planning to sit back and let nj-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 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 seven-year ban on licensing casinos within the brand New York metropolitan area, to be able 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 are not telling them [New Jersey] what to do,’ Pretlow told Bloodhorse.com this week. ‘we are telling them then we’re going to do exactly what we want doing. when they do what they wish to do’
Ok, thanks, Gary.
To convert, 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 also 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 casinos that are new in 2010, did therefore beneath the proviso that no casinos could possibly be built downstate for seven years. This ended up being written into the bill that authorized its expansion, that has been passed in 2013.
Nevertheless now, facing a border that is potential in the south, New York pols are mulling the theory of tearing that agreement up, or at least making loud noises about doing this to be able to warn New Jersey off.
New Jersey, of program, has problems of its very own. Atlantic City’s casino industry is through tough times, mainly due to oversaturation of the market and increased competition from the casino expansion of neighboring states, chiefly Pennsylvania.
Some see north casinos, which it’s hoped would tempt gamblers across the Hudson, as the response to all their problems, while others see them being a fool’s silver that may spell curtains for Atlantic City.
New Jersey residents will determine the question of expansion in a referendum in November, and polls suggest they are almost equally split on the problem. New York is hoping that by flexing its muscles it could be able to put Brand New Jersey voters off, and frighten away potential investors in North Jersey casino projects.
‘I’m not interested in creating a border war with nj-new jersey, but New York features a interest that is vested gaming and we are maybe not going to permit one of our neighbors to just take far from that,’ Pretlow said this week.
As well as opening up casino gaming to ny 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 this whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Choice To Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino within the months that are coming and also you’ll likely have the choice to eat alcohol night and day. On June 8, Governor Tom Wolf (D) signed House Bill 1690 into law so as 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 legislation to enable Pennsylvania casinos to serve alcohol all and night day. (Image: businesspundit.com)
Ahead of the passage that is historic convenience stores and gas stations were 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 houses. Casinos were also forced to adhere to alcohol laws taverns that are governing pubs 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 alcohol 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 to 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 option to rid on their own of the hourly limitations, but 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 a year that is initial. Renewals for the permits will definitely cost $1 million for the next 36 months before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic gambling enterprises will leap at the chance to serve booze 24 / 7, as well as in doing so, the state should benefit from the licensing 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 generate a $1 billion shortfall. In addition to easing liquor rules, the state is looking at on line gambling as another new source of income.
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 expected to benefit from the measure that is new.
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 Differ By State
As gambling has expanded in the congested northeast, states are looking for methods to provide their venues an advantage. Enabling perennial alcohol sales should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Has Returned On Board, Type Of
A company named US Fantasy might conjure all kinds up of images, but this one proposes to offer fantasy activities wagering to clients at Nevada casinos based on a parimutuel wagering system. Owner Vic Salerno, known as an innovator in the race and sports book industries, believes that daily fantasy recreations (DFS) might be right back regarding the menu in Nevada soon, 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 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 think of this before,’ Salerno formerly told the Las Las Vegas Review-Journal. ‘ We understand fantasy sports has proven become an attractive offering for a broader market. It is a opportunity that is unique the industry.’
Now, he’s giving it a new twist, telling Gaming Today this week that ‘all we’re doing is replacing horses with peoples 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 final 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 supported Burnett’s choice.
‘Because DFS involves wagering on the performance that is collective of participating in sporting events, under current law, regulation and approvals, in purchase to lawfully expose DFS for play within their state of Nevada, an individual must possess a permit to operate 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’d be welcomed back Nevada provided they applied for a sports betting license. But since their state does maybe not sanction online activities betting, limiting offsite betting to remote apps within the state which are certified by land-based casinos, the pursuit of online licensing will not be 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 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 prize that is networked for the contests. It may also offer online contests in states where DFS has recently been regulated, and is maybe not considered to be recreations betting.
Salerno had been a co-founder of Leroy’s House and Sports Put, which exposed in downtown nevada in the late seventies and grew into American Wagering, the business that operates the majority of Vegas sports publications today.
American Wagering was acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman associated with the newly created William Hill United States. He could be credited with presenting several innovations into the industry, including the self-service betting kiosk and hawaii’s first mobile sports betting app.