A few appeals argue that the owners of Parx Casino are not legitimately permitted to operate a second casino in Philadelphia under state gaming laws.
The South Philadelphia casino that has been given a permit by the Pennsylvania Gaming Control Board last month will face an amount of appeals from rivals, a move that was expected by most observers because quickly as the license was awarded.
Those appeals are coming both from losing bidders in the licensing process and also the SugarHouse Casino, which is already operating in Philadelphia.
The brand new license had been awarded to the Live Hotel and Casino, home which will be located into the Sports Complex in South Philly.
Operators Greenwood Gaming and Cordish Cos of Baltimore say that the facility is going to be synergistic using the sports venues here, which may help retain visitors for multiple trips to the area day.
Appeals Were Expected Regardless of Winner
Even before that license ended up being awarded, it seemed that appeals were likely regardless of whom would win. SugarHouse has argued that a casino that is second the city will simply take company away from their website without growing the market, while there were certain to be hard feelings from losing bidders.
In the final end, at the very least four appeals had been 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 ladbrokes casino app boiled down to two points that were additionally brought up throughout the licensing process.
First, there’s the idea that the casino market within the Philadelphia area, as well as perhaps in the entire region, is currently saturated. This argument is primarily being made by SugarHouse, while the casino that is existing usually the one probably to lose out should a second casino be opened within the town.
‘ The addition of another casino shall not grow the market,’ stated solicitors representing SugarHouse. ‘rather, it shall result in the cannibalization of revenues from existing casinos to the detriment of both the Philadelphia gaming market as a complete, in addition to the commonwealth.’
Eligibility of Ownership Group Questioned
The second argument, which seems to have been brought up in all four appeals in some form or any other, is that Greenwood Gaming is actually ineligible to get a casino permit in the state of Pennsylvania.
This really is because of the act that the business already owns and operates the Parx Casino in Bensalem; according to those appealing the decision, offering this second venue to Greenwood violates the state’s gaming laws.
‘Certain people and entities who keep an ownership interest in Stadium also maintain an ownership fascination with Parx, which surpass 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 submit an application for a category two license, which is slot machines, and Parx owns a race track in Bensalem.’
A similar appeal had been additionally 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 represent a violation of both the letter and spirit of the Gaming Act.’ PHL also believes that the board didn’t properly consider district support or opposition of each and every project, or the ‘mandate to ensure minority inclusion as part of the winning bid.’
The appeals were filed late last week, just in time to meet a 30 day deadline to challenge the gaming control board’s choice in the state Supreme Court.
Macau Casinos See Major Changes in 2014
Macau gambling enterprises have seen way less traffic inside their VIP rooms considering that the Chinese federal government started a corruption crackdown. (Image: Wikimedia Commons)
Macau had been already the planet’s biggest gambling hub heading into 2014, and it absolutely wasn’t even close. Nothing that occurred over the year that is past threatened to alter that: the Chinese enclave nevertheless creates revenues that outstrip Las Vegas several times over.
But profits have actually started to fall significantly for the very first time since the market opened to foreign operators, and there are certainly alterations in shop for operators and players alike.
Mainland Crackdown Hurts VIP Investing
Historically, Macau’s dominance happens to be built on the backs of high-stakes VIP gamblers who is able to spend tens and sometimes even hundreds of thousands on a bet that is single. But that market has been drying up due to new policies from the Chinese government that have begun to hurt the movement of cash to Macau.
At issue is really a campaign that is major reduce corruption in Asia, one which includes scared off many gamblers who would like to illegally bring money from the mainland to Macau.
There are limits to exactly how much cash is allowed to be removed the mainland legally, but whales had previously been able to locate plenty of methods around this. Junkets would give fully out (unenforceable) loans, while pawn stores in Macau would fraudulently process transactions that triggered cash that might be employed by gamblers or cash launderers.
These methods have actuallyn’t disappeared by a shot that is long nevertheless they have actually tightened up a little. Fewer officials are willing to help gamblers smuggle funds into Macau, and there are now lower limits on the total amount of cash which can be withdrawn from a UnionPay debit card each day. That’s been enough to see large year-over-year decreases in profits for Macau’s gambling enterprises: in October alone, revenues dropped by way of a record-breaking 23 per cent.
Casinos Hope to Attract More Mass Market Traffic
Even before any risk of strain on VIP play began to hit home, Macau was already focused on bringing in more ‘mass market’ gamblers: after all, there clearly was only a great deal that the high-end market could develop for them. The crackdowns that hurt their whales simply made those low-spending gamblers a much more immediate focus, and one that could have helped to reduce the damage industry saw as the VIP sector declined.
Sure enough, Macau saw growth that is significant the mass market segment early in 2014. But that too started initially to slow as the wore on year.
Those on the higher end associated with the mass market designation, big spenders whom don’t qualify for VIP status, were affected by the new government policies just as much whilst the greatest rollers whom occupy exclusive personal gambling spaces.
A few of the slowdown has also been caused by a smoking ban in Macau gambling enterprises, one that only applies to the casino that is general and not VIP rooms being divided through the rest of the gambling areas.
Labor Issues Plague Macau
There’s additionally the extremely genuine issue of labor strife in Macau, a challenge that is hitting the gambling industry on two fronts. For starters, there is a labor that is potential as more casinos are being built and there are few people kept in Macau that are looking for jobs.
Which includes increased stress on wages, not just in the casinos but in other businesses that need certainly to contend with the gambling industry directly for jobs.
Nevertheless, many casino workers think they are getting a raw deal from their companies. Work unrest is increasing in Macau, with a few demonstrations and protests having taken spot this present year.
A huge selection of casino employees walked off of their jobs in early October as an ingredient of a movement to demand better benefits and higher wages from an industry that is raking in enormous profits despite having the recent market slowdown.
New York Governor Andrew Cuomo Calls For Fourth NY State Casino License
New York 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 his state’s Gaming Commission to suggest bidding should be reopened for the casino that is fourth license, to encompass the Southern Tier area of upstate New York.
The area had been ignored by the Gaming Commission panel when three licenses were issued to many other regions on December 17.
Initially, when 22 casino companies applied for the straight to bid for a share of the expanded nyc casino gaming market, four were up for grabs, meaning there was scope to reopen the bidding for a license that is final.
And while the Gaming Commission is under no legal obligation to act on Cuomo’s request, it does are categorized as his authority being a state agency to request it, and the letter will probably involve some influence.
‘As this would be the last license released in New York State, it may excite national competition by interested events that submit better yet applications compared to the very first round,’ advised Cuomo. ‘ in the event that you agree to the request, the [casino board] should quickly establish a process for the fourth license that could possibly be complete as expeditiously as possible, due to the fact Southern Tier needs jobs and investment now.’
Answer the Fracking Question
While Cuomo initially said he would stand by your decision of the board, their championing that is sudden of economic requirements for the region may have something to complete with his decision to ban fracking within the area because of identified health dangers. The Southern Tier is an area rich in shale and gas, and fracking could have brought a massive economic boost.
He may likewise have been ashamed into action by the effect of Jeff Gural, owner of Tioga Downs, certainly one of the 2 groups bidding for the area, and hotly tipped for a license. Gural had been infuriated by the decision of the board, which, he stated, simply made no sense. A casino in the Southern Tier could be completely logical, he argued, because the closest competitor is Mohegan Sun at Pocono Downs, 90 kilometers south in Wilkes-Barre, Pennsylvania
‘It’s got nothing to do with me, I have enough money,’ Gural fumed. ‘but the social people associated with the Southern Tier, they just told them ‘no fracking’ and today they provide them a doubleheader of not just no fracking, but no casino and they’re putting it in an 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 cash to pass law that is local, Proposition One [to expand casino gaming in the state]? What was that all about? I mean… the whole thing is sickening to be truthful with you.’
Politicians for the area also expressed their dismay, including Senator Thomas Libous who physically challenged the governor to intervene. ‘It’s great news,’ Libous said this week. ‘He’s going to get to bat for the Southern Tier. I’m extremely pleased with that. I’m hopeful the commission will look to opening the process for that fourth license in the Southern Tier.’
Lee Park, a spokesman for the commission while the board, gave it all a definite maybe.
‘We have received the letter and are reviewing it,’ he said.