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 produced comeback, as well as 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 legs of meeting and event space.
It’ll be built on the site of A heinz that is former pet 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 a high priced expansion to its Connecticut resort during the beginning of the economic downturn, has saddled the Pequot with $1.7 billion with debt.
And now a new hazard to 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.
Brand New England Border Wars
In response, Foxwoods and its Connecticut rival Mohegan Sun have actually partnered for a project that is proposed create 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 program to launch 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 allowed to operate casinos in the state, and until now, only from inside 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 brand New England’s casino border wars, Foxwoods clearly views expansion as its only route out of crippling debt, and so it’s looking south. But for most of the talk of saturation in the Northeast, Biloxi is hardly bereft of casinos itself. The town has 11, with a total of 15 regarding the Gulf Coast.
Biloxi’s Slowly Recovery
It has taken a ten years for the location to begin its economic data recovery following devastation of Hurricane Katrina, during which several of Biloxi’s casinos had been damaged or destroyed. But there are signs that Biloxi’s rebuilt casino industry is just starting to enjoy development, as well as its tourism industry is recovering.
Based on a report that is recent 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 gambling enterprises accounting for $1.15 billion. Now, a decade after Katrina, Foxwoods is gambling on a bounce back once again to health that is full.
The tribe has said that it hopes to start Foxwoods Mississippi in spring of 2019.
New Jersey Casino Expansion? Maybe Not So Fast, Say New York Lawmakers
New York Assemblyman Gary Pretlow (D-89th), says he’s damned if he’s likely to stay right back and allow nj-new Jersey build casinos right across the water from New York City. (Image:assembly.state.ny.us)
A recent push for 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 brief the seven-year ban on licensing casinos in the New York metropolitan area, so that you can counteract New Jersey’s proposed expansion in the north, or at minimum they are pretending they will.
Confused? Allow brand New casino similar to bondibet 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] what to do,’ Pretlow told Bloodhorse.com this week. ‘we are telling them then we are going to do just what we wish doing. if they do whatever they desire to do’
Ok, thanks, Gary.
To translate, New York is aghast that nj-new jersey is considering licensing two casinos in the north, in the middle of its own casino expansion upstate. They even 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 regarding the waterfront in Jersey City, directly across from Lower Manhattan.
New York, when it licensed three brand new casinos upstate this season, did so under the proviso that no casinos could be built downstate for seven years. This was written to the bill that authorized its expansion, that was passed in 2013.
However now, dealing with a border that is potential in the south, ny pols are mulling the concept of tearing that contract up, or at least making loud noises about doing this to be able to warn New Jersey off.
New Jersey, of course, has problems of its. Atlantic City’s casino industry has been 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 lure gamblers across the Hudson, as the response to all their problems, while other people see them being a fool’s gold which could spell curtains for Atlantic City.
New Jersey residents will decide the concern of expansion in a referendum in November, and polls suggest they are almost equally split regarding the issue. Ny is hoping that by flexing its muscles it may be able to put New Jersey voters off, and frighten away potential investors in North Jersey casino projects.
‘I’m not thinking about creating a border war with nj-new jersey, but New York features a vested interest in gaming and we are maybe 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 nyc City and its suburbs, the state is considering the idea of giving AqueductRacetrack and Yonkers Raceway casino that is full-blown. Or at least they will be speaking really loudly about any of it whenever New Jerseyans are within earshot.
Pennsylvania Casinos Obtain Option to Dispense Alcohol 24/7, Las Vegas-Style
Enter a Pennsylvania casino within the months that are coming and you also’ll likely have the choice to consume 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 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 enable Pennsylvania casinos to serve alcohol all day and night. (Image: businesspundit.com)
Ahead of the passage that is historic convenience stores and gasoline stations were 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 houses. Gambling enterprises were also forced to stick to liquor laws taverns that are governing bars and stop selling spirits at 2 am.
Pennsylvania will continue operating the state liquor shops, but the bill is being celebrated by Wolf and liquor expansion proponents.
‘As i’ve always stated, my goal is to modernize the sale of liquor and alcohol 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 now have the option to rid on their own of those hourly limitations, however they will come at a high cost.
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 surely cost $1 million for the next 36 months before dropping to $250,000 annually.
Lawmakers in Harrisburg are optimistic gambling enterprises will leap during the opportunity to serve booze 24 / 7, plus in doing so, the continuing state should benefit from the licensing revenue.
Republicans control the state legislature, therefore the conservative General Assembly is researching ways to fund Wolf’s proposed expanded budget that is anticipated to generate a $1 billion shortfall. The state is looking at online gambling as another new source of income in addition to easing liquor laws.
Sands Bethlehem, Parx Casino, and streams Casino, the top three grossing facilities in the state, have remained quiet on the liquor news. However, all three are required to make use of the new measure.
While Sands and Parx aren’t situated within walking distance of urban downtowns where nightlife is forced to disperse at 2 am, the Rivers Casino could become the latest go-to after party spot once city bars close in Pittsburgh.
Alcohol Laws Vary By State
As gambling has expanded in the congested northeast, states are seeking means to offer their venues an advantage. Permitting alcohol that is perennial should do just that.
Nevada Regulators Give US Fantasy Thumbs Up, and DFS Is Back Up To Speed, Kind Of
A business named United States Fantasy might conjure up all types of images, but this one proposes to provide fantasy recreations gambling to clients at Nevada gambling enterprises considering a parimutuel wagering system. Owner Vic Salerno, known as an innovator in the race and sports book industries, believes that daily fantasy sports (DFS) might be back regarding the menu in Nevada quickly, at the very 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.
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 realize why anyone didn’t think of this before,’ Salerno previously told the Las Las Vegas Review-Journal. ‘ We understand fantasy sports has proven become an attractive offering for a broader market. It’s 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 individual athletes.’
On the Gaming Control Board unanimously recommended the issue of an off-track, parimutuel sports system operator’s license wednesday. The application will now be passed to the Nevada Gaming Commission (NGC) where it’s anticipated to receive final approval.
Nevadans have been without daily fantasy activities (DFS) since late last year, when operators pulled the plug following 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 choice.
‘Because DFS involves wagering on the collective performance of people taking part in sports, under current law, legislation and approvals, in order to lawfully expose DFS for play within the State of Nevada, a person must possess a permit to use a recreations 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 a sports betting permit. But since the state does maybe not sanction online activities betting, limiting offsite betting to remote apps in the state which are licensed by land-based casinos, the pursuit of online certification will not be a priority for the market-leading DFS internet sites.
US Fantasy, meanwhile, will provide competitions in Nevada through brick-and-mortar casinos, but may also seek to do business with regulators in other states, in an effort to connect 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 also offer online contests in states where DFS has already been regulated, and is not regarded as being sports wagering.
Salerno was 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 organization that operates nearly all Vegas sports books today.
American Wagering had been acquired by British bookmaker William Hill in 2012, and Salerno was retained as chairman of this newly created William Hill United States. He could be 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.