This neck and neck finish at Suffolk Downs Boston-area racetrack is symbolic of how their casino vote is unfolding. (Image supply: Boston Globe)
These days: can the Red Sox win their third World Series title in 10 years in the city of Boston, there’s just one issue keeping city residents up at night? But while David Ortiz plus the remaining portion of the Sox are busy fighting the St. Louis Cardinals for baseball bragging rights, there’s another battle brewing under the surface plus it might be just as contentious as the obstruction ruling that finished Game 3.
Bugles Playing ‘First Call’
Both supporters and opponents associated with want to build a casino in East Boston are ramping up their efforts to obtain away the vote in the final times before the November 5th election, as both sides are anticipating a close race that could fall to voter turnout. The casino, which will be placed at Suffolk Downs, is a hotly debated issue in churches, on street corners, and even among applicants for mayor.
Anti-casino forces feel they’re seeing some prospective for the noticeable modification by means of the vote though which could be either good or negative. The exit of Caesars Entertainment being a partner for Suffolk Downs in the casino bid recently has tossed the race into chaos, as it has confused voters over whether or maybe not they want to support the plan.
That confusion has shown up in the polling of an organization known as the Friends of East Boston, which opposes the casino task. According to lead organizer Pedro Morales, the group does phone polling of 1,200 to 1,500 East Boston residents every day. Ahead of the news about Caesars departure from the project, about ten percent of residents were nevertheless undecided about whether or not to ever support the Suffolk Downs bid. Now, that number is in the range of 22 % to 24 percent every day.
‘Last evening, one precinct went from 22 percent to 37 percent,’ Morales told the Boston Herald. ‘I’m perhaps not saying at all that that’s automatically to our benefit. They could easily say they truly are waiting to see whom the new partner is. The least that may be said is that uncertainty has definitely been introduced.’
Neck and Neck Towards the Finish Line
According to Morales, his polling shows that about 40 percent are for the casino bid, with another 40 % opposing it. Suffolk Downs says that they don’t see exactly the same numbers, and they believe undecided voters can be won over by hearing the details of their proposal.
But no matter the numbers that are exact have, both sides demonstrably feel the issue was not decided yet and this means plenty of efforts getting voters on their respective sides within the final days before the election.
‘we are doing a bit of door-to-door canvassing, we’re offering rides to the polls and we have been ID’ing supports along the method,’ said Suffolk Downs COO Chip Tuttle. According to Tuttle, hundreds of volunteer casino supporters is canvassing on their behalf in the last week before Election Day, planning to visit several thousand voters and promote the virtues associated with casino plan to them.
Opponents of this casino bid won’t be sitting on their hands, either. They’ve set up a base camp at a neighborhood church, where religious leaders and other people in the community will work together to oppose the efforts of Suffolk Downs.
‘It’s really, really simple,’ Morales said. ‘for you. if you adore your community, your family, your churches, the casino can’t be good’
New York Casino Expansion Could Prompt North Jersey Casino
If voters give a thumbs up to New York State casino expansion, will North Jersey be next to construct? (Image source: WCBS 880)
In a lot of means, the battle for the northeastern casino market has turned into an arms race between your states. And which means that whenever one neighbor unveils a new weapon, it’s only a matter of time before another answers in sort. That’s why there’s now a great deal of speculation that the latest round of casino expansion planned for nyc could ultimately lead to a brand-new casino in North Jersey, as nj-new Jersey continues to keep their shrinking share of this regional casino market in that area.
The threat that is new of in nyc hasn’t materialized yet and it may never ever take place at all. New Yorkers are going to the polls on Election in November to decide whether or not to approve the building of new, ‘Las Vegas-style’ casino resorts in upstate New York day. But passage appears at least reasonably most likely, which could add yet more competition that is regional the mix.
One Upsmanship But Is It Performing?
And should more gambling enterprises be added in other states, it is likely that nj-new Jersey would see that as an invitation to incorporate a new casino of these very own. An area in northeast New Jersey that is already the site of the Meadowlands Sports Complex: home to the Meadowlands Racetrack, MetLife Stadium (which houses the New York Jets and the New York Giants), and the Izod Center, which formerly hosted the New Jersey Nets (which have since become the Brooklyn Nets) and the New Jersey Devils hockey team in particular, politicians and industry insiders are imagining the possibility of a casino in the Meadowlands.
Have you been still with us?
According to some in North Jersey, the state is losing plenty of prospective income by perhaps not having a casino in that region of the state. A great amount of gamblers, they say, are headed to the Empire Casino in Yonkers, NY or nearby Pennsylvania casinos in Bethlehem as well as the Poconos. These places are a complete lot far more convenient to access for many New Jersey residents than the casinos in their own personal state.
‘Do you think folks from northern nj-new jersey ‘re going to drive most of the way to Atlantic City when they want to play the slots for a few hours?’ asked Jeffrey Gural, operator regarding the Meadowlands racetrack. ‘Gas is $4 a gallon. You tell me.’
But while the danger of more casinos that are regional be the spark that finally pushes the state to you should think about a Meadowlands casino, the concept has been in the works for the whilst. And in reality, the battle that is biggest could be the one between Atlantic City and North Jersey. Many Atlantic City officials fear that a new casino in northern brand New Jersey could be the death knell for the city’s already land gaming industry that is flailing.
Atlantic City Revival Nevertheless Needs A come to Jesus
The revival of Atlantic City has been a major policy point for brand New Jersey Governor Chris Christie, who claims he doesn’t desire any new casinos to be built outside of the city at least until his five-year plan for revitalizing the casino industry there is certainly offered a chance to work. While that effort may not have had quite the results Christie was hoping for so far, losses have actually at least slowed in Atlantic City therefore the governor’s office says that he would have followed similar plan even if he had known New York was planning to build new casinos.
‘[The plan to build new gambling enterprises in brand New York] doesn’t change we can to maintain or grow our presence in the competitive casino market,’ said Michael Drewniak, a spokesman for the governor that we set out at the beginning of the administration to give Atlantic City the best chance.
LAND CASINO SATURATION IN AMERICA:
Across the United States, gaming analysts warn that the brick-and-mortar casino industry is nearing its saturation point. A Fitch gaming analyst, told Bloomberg News that land-based gaming was ‘close’ to this level already, and University of Nevada, Reno professor Mark Nichols concurred, saying ‘…everybody is pretty much the same and everybody is on the same playing field in early 2013, Alex Bumazhny. Then it just comes down to location.’
With Atlantic City’s land gaming revenues down a whopping 50 percent since neighboring Pennsylvania started its casino doors in 2006, and with even newer casinos in Illinois and Maryland struggling to meet profit objectives, it’s hard to argue with this particular obvious reality that is new.
Several states are now actually looking to burgeoning appropriate and regulated online state-by-state gambling to choose up the slack. The gambling industry as well as state coffers across the country will certainly be waiting and watching to see how this new aspect plays out with Nevada already offering online poker, and Delaware and New Jersey perched to offer full casino games before year’s end.
Las Las Vegas Sands 3rd Quarter Macau Profits Shine In Comparison To Las Vegas
It’s all about Macau: nevada Sands Corp.’s 3rd quarter profits were soaring into the Asian gambling mecca.
Location, location, location: that is what they always say in real-estate. And for Las Vegas Sands Corp., that is proving entirely real, even if, ironically, it’s Macau, not Las vegas, nevada, that’s turning out to be the casino company’s shining star.
‘(Las Vegas Sands) remains predominantly A asia story that is secular-driven’ noted Macquarie Securities gaming analyst Chad Beynon following the Sands’ third quarter P & L statement. ‘In our view, Las Vegas Sands continues to be the most useful gaming that is asian and cashflow investment tale.’
Macau Carries the Day
The Venetian and the Palazzo, analysts are still gung-ho on Las Vegas Sands’ overall financial outlook despite a so-so performance from the Sands’ shnazzy Las Vegas Strip properties.
‘We continue to like Macau gaming sector overall, driven by attractive marketwide revenue growth, particularly in the mass gaming segment,’ added JP Morgan gaming analyst Joe Greff. ‘Las Las Vegas Sands’ hotel room base should allow [the company] to grow line that is top [cash flows] in excess of the marketplace participants.’
Seems the gaming that is bully in Macau is still growing at a steroidal rate; some analysts anticipate the end-of-October figures to exceed any single-month income records to date. While the July September 2013 quarter showed a 43 percent boost in Sands’ four primary Macau gaming divisions, and an astounding 89 percent bump from the same time frame period year that is last. With $2.34 billion in net revenues from their Macau properties for the third quarter, it results in an impressive 65 percent of the business’s overall intake of $3.57 billion.
No wonder Sands CEO Sheldon https://slotsforfun-ca.com/huuuge-casino-review/ Adelson is pouring more development money into another project here; he’s $2.7 billion earmarked for a brand new 3,000-room property that has a Parisian theme and a 2015 anticipated opening. That will make five major casinos there ( and exactly why perhaps not once they’re making money hand over fist): the Venetian Macau, Four Seasons Macau, Sands Macau, and the multiple-hotel Sands Cotai Central task, along with the resort that is new planned.
Non-Gambling Profits Also Doing Well
And it’s not just gaming that is going gangbusters for Sands in Asia; non-gaming revenues are pulling their weight as well, according to Rob Goldstein, the company’s president of global gaming operations.
‘With our room base, that’s a very good thing for us,’ Goldstein said, talking about the trend of mainland Chinese tourists coming to and remaining in Macau. ‘They stay longer, come from further away and require sleeping rooms. So Sheldon’s (Adelson) 9,000 sleeping rooms in Cotai turned out to be a pretty good concept.’
Susquehanna International Group gaming analyst Rachael Rothman agrees, adding that the influx that is growing of to Macau highlights ‘…the importance regarding the infrastructure build-out in greater China that continues to increase Macau’s reach.’
Adelson is going to be the major contributor to that much-needed infrastructure, which includes a $10 billion Hong Kong-Macau-Zhuhai Bridge slated to start in 2016. The bridge will greatly cut down on the drive time it takes for people to reach Macau from Asia, which, as anyone who has ever sat in traffic knows, is always a good thing.
Sands’ Macau success has analysts chomping to see what the casino company shall do whenever and if Japan legalizes gambling also. Sands president Michael Leven says that Asian country’s $6 billion a casino market would match what’s happening on the las vegas strip, but macau’s $38 billion take in 2012 will be hard to top, especially as those figures are up another 17 percent as of end of third quarter 2013 year.
Visit Today : 
Total Visit : 
Total Hits : 
Who's Online :