This neck and neck finish at Suffolk Downs Boston-area racetrack is symbolic of how their casino vote is unfolding. (Image supply: Boston World)
In the town of Boston, there’s just one issue keeping city residents up at night these days: can the Red Sox win their third World Series title in 10 years? But while David Ortiz as well as the remaining portion of the Sox are busy fighting the St. Louis Cardinals for baseball bragging legal rights, there’s another battle brewing under the surface plus it could possibly be just as contentious as the obstruction ruling that finished Game 3.
Bugles Playing ‘First Call’
Both supporters and opponents regarding the intend to develop a casino in East Boston are ramping up their efforts to get out the vote in the ultimate days before the November 5th election, as both sides are anticipating a close race that could drop to voter turnout. The casino, which would be placed at Suffolk Downs, is a hotly debated issue in churches, on road corners, and also among applicants for mayor.
Anti-casino forces feel they’re seeing some possible for a noticeable change by means of the vote though that could be either positive or negative. The exit of Caesars Entertainment being a partner for Suffolk Downs in the casino bid recently has tossed the battle into chaos, because it has confused voters over whether or not they want to support the master plan.
That confusion has shown up in the polling of a company referred to as close 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 10 percent of residents were still undecided about whether or not to ever support the Suffolk Downs bid. Now, that number is in the array of 22 per cent 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 immediately to our benefit. They could easily state they truly are waiting to see who the brand new partner is. The least that may be said is the fact that doubt has definitely been introduced.’
Neck and Neck Towards the line that is finish
According to Morales, their polling has shown that about 40 percent are for the casino bid, with another 40 percent opposing it. Suffolk Downs says that they don’t see precisely the same numbers, and that they believe undecided voters could be won over by hearing the details of their proposal.
But aside from the exact numbers they have, both sides demonstrably feel the problem hasn’t been decided yet and that means a great amount of efforts getting voters on their respective sides within the final days before the election.
‘we are doing some door-to-door canvassing, we’re offering rides to the polls and we’ve been ID’ing supports along the method,’ said Suffolk Downs COO Chip Tuttle. According to Tuttle, hundreds of volunteer casino supporters is going to be canvassing on their behalf within the week that is last Election Day, planning to consult with tens of thousands of voters and promote the virtues of the casino intend to them.
Opponents regarding the 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 into the community will work together to oppose the efforts of Suffolk Downs.
‘It’s really, really simple,’ Morales stated. ‘If you love your community, your household, your churches, the casino can’t be good for you personally.’
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 build? (Image source: WCBS 880)
The battle for the northeastern casino market has turned into an arms race between the states in a lot of ways. And that means that after one neighbor unveils a brand new weapon, it’s just a matter of time before another answers in sort. That’s why there’s now a lot of conjecture that the round that is latest of casino expansion planned for nyc could ultimately lead to a completely new casino in North Jersey, as New Jersey continues to keep their shrinking share regarding the regional casino market in that area.
The new threat of casinos in ny has not materialized yet and it may never ever happen 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 seems at least reasonably most likely, which could add yet more regional competition to the mix.
One Upsmanship But Is It Performing?
And should more gambling enterprises be added in other states, it’s most likely that New Jersey would see that as an invitation to include 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 for some in North Jersey, the state is losing a great amount of potential revenue by perhaps not having a casino in that area of the state. Plenty 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 locations are lot far more convenient to access for many New Jersey residents than the casinos in their own personal state.
‘Do you might think individuals from northern nj are getting to drive most of the way to Atlantic City when they would like to play the slots for a hours that are few’ asked Jeffrey Gural, operator regarding the Meadowlands racetrack. ‘Gas is $4 a gallon. I am told by you.’
But while the risk of more regional casinos may end up being the spark that finally pushes the state to you should think about a Meadowlands casino, the concept has held it’s place in the works for the whilst. And in reality, the battle that is biggest will be the one between Atlantic City and North Jersey. Many Atlantic City officials worry that a new casino in northern New Jersey will be the death knell for the city’s already flailing land gaming industry.
Atlantic City Revival Nevertheless Needs A arrived at Jesus
The revival of Atlantic City has been a major policy point for New Jersey Governor Chris Christie, who states which he doesn’t desire any new casinos to be built outside of the town at minimum until his five-year plan for revitalizing the casino industry there was offered to be able to work. While that effort might not have had quite the results Christie was hoping for therefore far, losings have at the least slowed in Atlantic City and the governor’s office says that he’d have followed the same plan even if he had understood nyc was about to build new casinos.
‘[The plan to create new gambling enterprises in New York] doesn’t alter we can to maintain or grow our presence in the competitive casino market,’ said Michael Drewniak, a spokesman for the https://slotsforfun-ca.com/huuuge-casino-review/ governor that we set out at the beginning of the administration to give Atlantic City the best chance.
LAND CASINO SATURATION IN THE US:
Across the United States, gaming analysts warn that the brick-and-mortar casino industry is nearing its saturation point. In early 2013, Alex Bumazhny, a Fitch gaming analyst, told Bloomberg Information 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 everyone is on the same playing field. Then it just comes down to location.’
With Atlantic City’s land gaming revenues down a whopping 50 percent since neighboring Pennsylvania exposed its casino doors in 2006, and with even newer casinos in Illinois and Maryland struggling to meet profit goals, it’s hard to argue using this obvious reality that is new.
Several states are now looking to burgeoning legal and regulated online state-by-state gambling to choose the slack up. 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 Vegas Sands 3rd Quarter Macau Profits Shine Versus Las Vegas
It is exactly about Macau: vegas Sands Corp.’s 3rd quarter earnings were soaring into the Asian gambling mecca.
Location, location, location: that is whatever they always say in property. And for vegas Sands Corp., that’s appearing entirely real, whether or not, ironically, it’s Macau, not Las Vegas, that’s turning out to be the casino company’s shining star.
‘(Las Vegas Sands) stays predominantly A china 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 readily useful gaming that is asian and income investment story.’
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 the Macau video gaming sector overall, driven by attractive marketwide revenue growth, especially in the mass gaming segment,’ added JP Morgan gaming analyst Joe Greff. ‘Las Vegas Sands’ accommodation base should allow [the company] to grow top line and [cash flows] in more than the market 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 revenue records to date. As well as the July September 2013 quarter showed a 43 percent boost in Sands’ four main Macau video gaming divisions, and a staggering 89 percent bump from the same time period last year. With $2.34 billion in net revenues from their Macau properties for the quarter that is third it results in an impressive 65 per cent of the company’s overall intake of $3.57 billion.
No wonder Sands CEO Sheldon Adelson is pouring more development funding into another project here; he has $2.7 billion earmarked for a new 3,000-room property that has a Parisian theme and a 2015 anticipated opening. That makes five major casinos there ( and just why maybe not once they’re making cash hand over fist): the Venetian Macau, Four Seasons Macau, Sands Macau, and the multiple-hotel Sands Cotai Central project, combined with brand new resort being planned.
Non-Gambling Profits Also Doing Well
And it’s not just gaming that’s going gangbusters for Sands in Asia; non-gaming revenues are pulling their weight aswell, based on Rob Goldstein, the organization’s president of global gaming operations.
‘With our space base, that is a very thing that is positive us,’ Goldstein stated, referring to the trend of mainland Chinese tourists coming to and staying in Macau. ‘They stay much longer, come from further away and require sleeping rooms. So Sheldon’s (Adelson) 9,000 sleeping rooms in Cotai proved become a pretty good concept.’
Susquehanna International Group gaming analyst Rachael Rothman agrees, incorporating that the growing influx of tourists to Macau highlights ‘…the importance of this infrastructure build-out in greater China that continues to increase Macau’s reach.’
Adelson will likely be the major contributor to that much-needed infrastructure, with a $10 billion Hong Kong-Macau-Zhuhai Bridge slated to open in 2016. The bridge will greatly reduce the drive time it takes for visitors to reach Macau from China, which, as anyone who has ever sat in traffic knows, is often a good thing.
Sands’ Macau success has analysts chomping to see what the casino company will do when and if Japan legalizes gambling aswell. Sands president Michael Leven says that Asian country’s $6 billion a 12 months casino market would match what’s happening on the las las vegas strip, but macau’s $38 billion take in 2012 are hard to top, specially as those figures are up another 17 percent at the time of end of third quarter 2013.