Several appeals argue that the owners of Parx Casino are not legally allowed to operate a casino that is second Philadelphia under state gaming laws.
The Southern Philadelphia casino which was granted a license by the Pennsylvania Gaming Control Board month that is last face a number of appeals from competitors, a move that was expected by most observers because soon as the license was granted.
Those appeals are coming both from losing bidders in the certification process therefore the SugarHouse Casino, which is already operating in Philadelphia.
The license that is new awarded to the Live Hotel and Casino, a house that may be located in the Sports Complex in South Philly.
Operators Greenwood Gaming and Cordish Cos of Baltimore say that the center will undoubtedly be synergistic with all the sports venues there, which may help retain visitors for multiple day trips towards the casino-online-australia.net area.
Appeals Were Expected Regardless of Winner
Even before that license ended up being awarded, it seemed that appeals were likely regardless of who would win. SugarHouse has argued that a second casino in the city only will take company away from them without growing the market, while there have been sure to be hard emotions from losing bidders.
Into the final end, at least four appeals were filed: three from losing bidders and another by SugarHouse. There were number of various arguments brought forward by those submitting the challenges, but they mostly boiled down to two points that were additionally brought up throughout the licensing process.
First, there’s the idea that the casino market in the Philadelphia area, and perhaps in the entire region, is currently saturated. This argument is primarily being made by SugarHouse, as the casino that is existing the one probably to lose out should a second casino be opened within the town.
‘ The addition of another casino shall not develop the market,’ stated attorneys representing SugarHouse. ‘Rather, it will result in the cannibalization of revenues from existing casinos to the detriment of both the Philadelphia gaming market as a whole, in addition to the commonwealth.’
Eligibility of Ownership Group Questioned
The argument that is second which seems to have been brought up in all four appeals in some type or another, is that Greenwood Gaming is truly ineligible to get a casino permit into the state of Pennsylvania.
This is certainly because of the act that the business currently has and operates the Parx Casino in Bensalem; according to those appealing the decision, offering this second place to Greenwood violates the state’s gaming laws.
‘Certain people and entities who keep an ownership curiosity about Stadium also maintain an ownership curiosity about Parx, which exceed the thresholds stated in the Gaming Act,’ said Frank Keel, an agent of Bart Blatstein, who proposed building the Provence casino in Philadelphia’s Center City. ‘The Gaming Act prohibits entities that have category one licenses, that is racetracks, to even apply for a category two permit, which is slot machines, and Parx owns a battle track in Bensalem.’
A appeal that is similar also filed in behalf of Market8, another proposed Center City Casino. The third losing applicant, PHL Local Gaming, has also appealed the casino on the causes that the Greenwood-Cordish casino ‘would constitute a violation of both the letter and spirit of the Gaming Act.’ PHL also believes that the board didn’t properly consider neighborhood support or opposition of every project, or the ‘mandate to ensure minority inclusion as part of the winning bid.’
The appeals were filed later last week, just with time to meet a 30 day deadline to challenge the gaming control board’s choice into the state Supreme Court.
Macau Casinos See Major Changes in 2014
Macau casinos have seen a lot less traffic inside their VIP rooms since the Chinese government started a corruption crackdown. (Image: Wikimedia Commons)
Macau had been already the world’s largest gambling hub heading into 2014, and it wasn’t even close. Nothing that happened over the past year has threatened to change that: the Chinese enclave nevertheless produces revenues that outstrip Las Vegas many times over.
But profits have actually started to fall significantly for the time that is first the marketplace opened up to foreign operators, and there are certainly changes in store for operators and players alike.
Mainland Crackdown Hurts VIP Spending
Historically, Macau’s dominance was built on the backs of high-stakes VIP gamblers who are able to invest tens or even hundreds of thousands on a single bet. But that market has been drying up due to new policies from the Chinese government that have begun to harm the flow of cash to Macau.
At problem is really a major campaign to reduce corruption in China, one which has scared down many gamblers who desire to illegally bring money from the mainland to Macau.
There are restrictions to precisely how much cash is allowed to be taken off the mainland legally, but whales had previously had the opportunity to get lots of methods around this. Junkets would hand out (unenforceable) loans, while pawn shops in Macau would fraudulently process transactions that led to cash that could be employed by gamblers or cash launderers.
These methods have actuallyn’t disappeared by a long shot, nonetheless they have actually tightened up a little. Fewer officials are ready to help gamblers smuggle funds into Macau, and there are now lower limits on the quantity of cash that can be withdrawn from a UnionPay debit card each day. That has been enough to see large declines that are year-over-year revenues for Macau’s casinos: in October alone, revenues dropped by way of a record-breaking 23 per cent.
Casinos Hope to Attract More Mass Marketplace Traffic
Even before the strain on VIP play started to hit home, Macau was already focused on bringing in more ‘mass market’ gamblers: after all, there was clearly only a great deal that the high-end market could develop for them. The crackdowns that hurt their whales just made those low-spending gamblers a much more focus that is immediate and one that could have helped to reduce the damage the marketplace saw while the VIP sector declined.
As expected, Macau saw growth that is significant the mass market segment early in 2014. But that too begun to slow because the 12 months wore in.
Those on the higher end of this mass market designation, big spenders who don’t be eligible for a VIP status, were impacted by the new government policies equally as much as the highest rollers whom occupy exclusive private gambling spaces.
A number of the slowdown has additionally been caused by a smoking ban in Macau gambling enterprises, one that only applies to the casino that is general and not VIP rooms which can be divided from the remaining portion of the gambling areas.
Labor Issues Plague Macau
There is additionally the extremely genuine dilemma of labor strife in Macau, a challenge that is hitting the gambling industry on two fronts. For starters, there exists a prospective work shortage as increasingly more casinos are increasingly being built and there are few people kept in Macau being looking for jobs.
That has increased pressure on wages, not just in the casinos however in other companies that have to contend with the gambling industry straight for jobs.
Nevertheless, many casino workers believe they are getting a raw deal from their companies. Labor unrest is increasing in Macau, with several demonstrations and protests having taken place this present year.
Countless casino workers walked away from their jobs in early October as part of a movement to demand better advantages and greater wages from an industry that is raking in enormous profits despite having the market slowdown that is recent.
New York Governor Andrew Cuomo Calls For Fourth NY State Casino License
Ny Governor Andrew Cuomo flip-flops on Southern Tier casino license question after the decision that is controversial ignore the area sparks indignation. (Image: Michael Nagle/ Getty)
Governor of New York Andrew Cuomo has written to their state’s Gaming Commission to suggest bidding should be reopened for the 4th casino gaming license, to encompass the Southern Tier area of upstate New York.
The area was overlooked by the Gaming Commission panel when three licenses were issued to many other regions on 17 december.
Initially, when 22 casino companies applied for the directly to bid for a share of the expanded nyc casino gaming market, four were up for grabs, meaning there clearly was scope to reopen the putting in a bid for a license that is final.
And while the Gaming Commission is under no obligation that is legal act on Cuomo’s request, it does fall under their authority being a state agency to request it, plus the letter will probably possess some impact.
‘As this will be the license that is last in New York State, it may excite national competition by interested parties that submit even better applications compared to very first round,’ recommended Cuomo. ‘ in the event that you agree for this demand, the [casino board] should quickly establish an activity for the license that is fourth could be complete as expeditiously as possible, due to the fact Southern Tier needs jobs and investment now.’
Answer the Fracking Question
While Cuomo initially stated he would stand by the decision associated with the board, his sudden championing for the economic requirements of this region may have something to complete with his choice to ban fracking within the area because of identified health dangers. The Southern Tier is an area rich in shale and gas, and fracking may have brought a massive economic boost.
He may also have been embarrassed into action by the reaction of Jeff Gural, owner of Tioga Downs, one of the two groups bidding for the area, and hotly tipped for a license. Gural ended up being infuriated by the decision of the board, which, he stated, simply made no sense. A casino in the Southern Tier will be completely logical, he argued, because the closest competitor is Mohegan Sun at Pocono Downs, 90 miles south in Wilkes-Barre, Pennsylvania
‘It’s got nothing to do with me, i’ve sufficient money,’ Gural fumed. ‘nevertheless the people for the Southern Tier, they just told them ‘no fracking’ and now they offer them a doubleheader of not only no fracking, but no casino and they’re putting it in a area where there are five other casinos?’
Decision Sparks Fury
‘And what really pisses me off,’ he continued, ‘is the governor asked me to spend $800,000 of my money to pass law that is local, Proposition One [to expand casino gaming in the state]? What was that all about? I mean… the thing that is whole sickening to be honest with you.’
Politicians for the area also expressed their dismay, including Senator Thomas Libous whom physically challenged the governor to intervene. ‘It’s great news,’ Libous said this week. ‘He’s going to go to bat for the Southern Tier. I’m extremely pleased with that. I’m hopeful the commission will look to opening the method for that 4th license in the Southern Tier.’
Lee Park, a spokesman for the commission plus the board, gave it all a definite maybe.
‘the letter has been received by us and are reviewing it,’ he said.