Автор: genom

Do the people planning a $112 million casino project in Gulfport, Mississippi, have the funds for the project? That is the question to be addressed this week at a meeting of the Mississippi Gaming Commission.
Rotate Black is the group proposing the casino to be built on private property next to Jones Park in Gulfport. The project was stalled earlier because of financing.
Developers were given until the end of the calendar year to show that they have the money so that they can proceed with the development.
If developers fail to show the financing, the project will have to add more features before they can build because of regulations that have been put in effect as of Jan. 1, 2014.
The new regulations, officials said, deal with the numbers and quality of hotel rooms, as well as certain amenities that will be required in the casino.

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There are five bidders for the final Pennsylvania casino license to be awarded. It will be located in Philadelphia. But, problems have developed over the language of the state law regarding full and part ownership of the properties.
SugarHouse Casino, currently operating in the Philadelphia market, fears the competition from a second license holder. Representatives of the company will be meeting with the Pennsylvania Gaming Control Board to discuss the language of the law authorizing casinos.
The law imposes restrictions on the percentage a license holder may own in a second property. This apparently would affect at least three of the Philadelphia applicants.

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New Jersey Gov. Chris Christie, who solidly backed major assistance for the dozen casinos in Atlantic City when he was elected, proposed a five-year plan during which the casinos would have to show considerable improvement from the many months of declining revenues that preceded Christie’s election.
Now, that time is running out.
After four years, little improvement has been seen. In fact, there will now be one less casino with the closing of the Atlantic Club Casino Hotel.
With the beginning of 2014, Christie now says, “It’s a year when we have to show some significant results.”
Helping out this year is the addition of Internet gambling. But lurking in the background is another push to permit the Meadowlands racetrack on the New York City border to convert to a casino.

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Ohio Atty. Gen. Michael DeWine has ruled that the state lottery plan to replace illegal video raffle machines with new gambling devices at veterans posts and fraternal lodges is unconstitutional.
According to DeWine’s ruling, the lottery proceeds must to go to education and must have a voter-approved amendment to the state constitution, though they don’t specify an amount to be paid.
The problem developed because the locations have been benefiting from illegal slot machines that the lottery wanted to replace with some 1,200 next-generation electronic games. But, DeWine said the proceeds benefiting schools, from such machines, would be “miniscule” and therefore would violate the state law.
A spokesman for Gov. John Kasich said the plan was an initial offering that has been changed and revised to address DeWine’s concerns.

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The town of Longmeadow, Massachusetts, is getting involved with the proposed casino that MGM Resorts International (MGM) plans to build in the City of Springfield.
The town is seeking $1 million in upfront compensation, citing traffic issues that would result if an $800 million resort casino is built in Springfield.
Longmeadow is referring to a study for the Pioneer Valley Planning Commission by an independent engineering firm that found that Longmeadow and West Springfield would have the most impact from casino traffic among neighboring cities and towns.
The state’s gambling law requires casino developers to negotiate mitigation agreements with surrounding communities.

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The operators of Suffolk Downs in East Boston, Massachusetts, are still telling anyone who asks that they believe their application for a casino license will be granted by the Massachusetts Gaming Commission.
So, they were happy to hear that Mohegan Sun, the company that plans to build and operate the casino on land owned by Suffolk Downs but located in the City of Revere had successfully negotiated a deal with Revere officials.
Reportedly, the arrangement provides that Mohegan Sun, if successful with its plans for a $1 billion dollar casino entertainment project, would pay up to $33 million in pre-opening payments and would guarantee between $25 million and $30 million in annual revenue.
Citizens of Revere will go to the polls on Feb. 25 to determine whether they still favor the casino.

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