Suffolk Downs Plans with Mohegan Sun Blasted for Environmental Dilemmas

Suffolk Downs Plans with Mohegan Sun Blasted for Environmental Dilemmas

Massachusetts citizens have a better check a proposed Suffolk Downs Mohegan Sun casino task, which continues in the future under fire (Image: The Courant)

It’s beginning to look like opponents and supporters of this Mohegan Sun casino plan in Revere, Massachusetts will be fighting tooth and nail at every possibility over whether or not the task can go forward. The strange thing is that it looks nearly the same as they’re having the same exact battle over and over again.

Environmental Docs Come Under Fire

Within the round that is latest of battle over whether or not to allow Suffolk Downs and Mohegan Sun to push for a casino solely in Revere, opponents for the casino plan are stating that developers failed to meet up with state application demands when it comes to publishing environmental documents. The issue, they state, is that hundreds of pages of documentation originated in the older version of this casino plan: usually the one that could have seen Suffolk Downs work with Caesars Entertainment for a casino in East Boston, bordering Revere.

This, of program, is absolutely nothing new to anybody who was following the Suffolk Downs casino that is ongoing saga. Ever since the November votes that saw East Boston reject the casino that is original at exactly the same time as Revere voters came away in favor of it, both sides have fought over just how much of that plan may be used to push forward th Read More

European Bookmakers Lose Millions on Horses Linked to Barney Curley

European Bookmakers Lose Millions on Horses Linked to Barney Curley

Iconic gambler Barney Curley has done it once again when a 9000- 1 shot on four horses came through (Image: The Guardian)

There’s absolutely nothing that can match the feeling of hitting a double that is daily choose six or other big accumulator at the race track, specially when that final horse comes in to complete your once-in-a-lifetime payday. But while there were some epic wins during the period of horse history that is racing few compare to the story that played out this week in the united kingdom as four horses associated with legendary gambler Barney Curley pulled down shocking victories that may have cost bookmakers millions.

Long Odds on Four Horses

The story started on evening, as odds began showing up for some of Wednesday’s races tuesday. There have been four horses in all, each coming down a layoff that is long race at fairly long odds. Horses Eye regarding the Tiger and Indus Valley were both 20-1 longshots, while Seven Summits and Low Key were more fairly priced at 7-1. in almost any instance, a $1 accumulator bet on all four horses to win might have made a bettor around $13,000 at Bet365, in the event that wagers came in at just the proper time when all four races were on the board therefore the odds were as favorable as possible.

Estimates of precisely how much money had been lost by bookmakers from the four unlikely champions varied greatly. One spokesman for Paddy energy said that the i Read More

California Legislators Continue to Grapple with Gambling Options

California Legislators Continue to Grapple with Gambling Options

Ca lawmakers will mull several state bills that could affect both land and online gambling efforts this year (Image: Michael Macor, The Chronicle)

A fresh California gambling bill approved week that is last the State Senate could up taxes and review regulatory procedures on the Golden State’s ever-expanding gaming industry. Introduced by Sen. Leland Yee (D-San Francisco), SB 601 goes under the microscope of the gaming policy advisory committee comprised of both industry executives and members of the public, using the goal of determining whether or not the current regulatory structures that are in place are aiding or abetting California’s current and future outlook that is economic.

Regulatory Review

Additionally, the panel will review the impact of hawaii’s numerous card clubs on both state and local tax flows, aswell as on charges to both. Yee stated he is exploring the chance that more non-Indian gaming outfits may help boost California’s ever-struggling coffers to be fuller.

‘Despite the good news we’ve seen in budget projections, I do believe it is usually worth considering new revenue sources for our state,’ noted Yee. Once the committee review is complete, the new bill will move ahead to the state Assembly for further assessment.

Needless to say, as Newton so wisely noted, for each and every action there exists a similar and equal response, and nowhere does that hold truer than worldwide of gambling leg Read More

Caesars Preps for Possible Revel-ation in Atlantic City

Caesars Preps for Possible Revel-ation in Atlantic City

Hail, Caesars Entertainment: the casino company may or may not be eyeing Atlantic City’s Revel as their newest acquisition

We question that the Roman emperor himself kept his name center and front since well as Caesars Entertainment Corporation does today. And despite continuing to carry the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties doesn’t appear to be a problem with this casino conglomerate.

Lately, they’ve been in talks with Japanese leaders to build a possible new casino in Osaka just as gaming is legalized in Japan, and now the news that is latest, according to some insider reports, is the fact that they’ve their eye on Atlantic City’s issue kid casino, Revel.

Could Revel Become Next on Their List?

Revel formally went into bankruptcy back in March 2013; not even 12 months into its once-gloriously touted entrance onto the Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up has under fourteen days to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk because of this acquisition; nor is it even 100 % specific they shall also move to take action.

Other contenders are in the mix; those include Orlando-based tough Rock Overseas, who the nyc Post month that is last as being in ‘advanced negotiations’ for the purchase. That was following a decision by Hard Rock to scrap plans to build t Read More

Year Nevada Casinos Can’t Win for Losing for Fifth Straight

Year Nevada Casinos Can’t Win for Losing for Fifth Straight

It had been the 5th year running for a downturn in Nevada’s web revenues for fiscal 2013, according to the Gaming Control Board

It was bad news and sort of good news for the Silver State’s gambling enterprises when Nevada’s Gaming Control Board circulated their annual Gaming Abstract Report later last week. The bad news was that Nevada’s 263 combined casinos experienced a fifth straight 12 months of financial internet losses; nevertheless the good news is that their actual intake revenues increased a tad contrasted to 2012.

However, a net loss is a net loss, and fiscal 2013 was a little bit even worse than 2012, having a final tally of minus $1.348 billion,compared to $1.212 billion in 2012.

Sluggish Recovery

It is all part of the infant step recovery process from Nevada’s massive turndown through the country’s recession, which absolutely hit this casino-centric area hard since 2009. In fact, fiscal 2008 was the time that is last’s casinos overall showed a net profit, and that was for $721.1 million. The following year, hawaii took its hit that is biggest, by having a $6.8 billion web loss for casinos statewide. Ouch.

The nevada Strip naturally sets the speed as it pertains to Nevada gaming, and a small 1.7 % revenue jump through the last year that is fiscal wasn’t enough to leave a profit; overall, Strip casinos marked a $1.5 billion loss for the season. But again, some silver lining here; that loss was sti Read More