Several appeals argue that the owners of Parx Casino are not legally allowed to operate a second casino in Philadelphia under state gaming laws.
The Southern Philadelphia casino which was issued a license by the Pennsylvania Gaming Control Board month that is last face an amount 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 licensing process and the SugarHouse Casino, which is already running in Philadelphia.
The new license ended up being awarded to the Live Hotel and Casino, home that will be located in the Sports Complex in South Philly.
Operators Greenwood Gaming and Cordish Cos of Baltimore say that the center will likely be synergistic with all the sports venues here, which could help retain visitors for multiple trips to the area day.
Appeals Were Expected Regardless of Winner
Also before that license was awarded, it seemed that appeals were probably no matter who would win. SugarHouse has argued that a second casino in the city only will take business away from them without growing the market, while there have been sure to be hard emotions from losing bidders.
In the 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 seriously to two points that were also brought up through the licensing process.
First, there’s the idea that the casino market in the Philadelphia area, as well as perhaps in the entire region, is currently saturated. This argument is primarily being made by SugarHouse, as the current casino is the one likely to lose out should a second casino be opened in the city.
‘ The addition of another casino shall not develop the market,’ said lawyers representing SugarHouse. ‘rather, it shall result in the cannibalization of profits from existing casinos to your detriment of both the Philadelphia gaming market as a complete, as well as the commonwealth.’
Eligibility of Ownership Group Questioned
The argument that is second which appears to have been brought up in all four appeals in a few type or another, is that Greenwood Gaming is in fact ineligible to receive a casino permit into the state of Pennsylvania.
This is as a result of the act that the company already has and operates the Parx Casino in Bensalem; according to those appealing the decision, offering this second location to Greenwood violates the state’s gaming laws.
‘Certain people and entities who maintain an ownership desire for Stadium also maintain an ownership fascination with Parx, which exceed the thresholds stated in the Gaming Act,’ said Frank Keel, a representative of Bart Blatstein, who proposed building the Provence casino in Philadelphia’s Center City. ‘The Gaming Act prohibits entities which have category one licenses, that is racetracks, to even make an application for a category two permit, which is slot machines, and Parx owns a battle track in Bensalem.’
A similar appeal was 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 grounds that the Greenwood-Cordish casino ‘would represent a breach of both the letter and character of the Gaming Act.’ PHL also believes that the board didn’t properly consider district support or opposition of every project, or the ‘mandate to ensure minority inclusion as an integral part of the winning bid.’
The appeals were filed week that is late last just in time to meet a 30 day deadline to challenge the gaming control board’s decision within the state Supreme Court.
Macau Casinos See Major Changes in 2014
Macau casinos have seen way less traffic within their VIP rooms because the Chinese federal government began a corruption crackdown. (Image: Wikimedia Commons)
Macau ended up being already the earth’s largest gambling hub going into 2014, and it had beenn’t even close. Nothing that happened over the past year has threatened to alter that: the Chinese enclave nevertheless creates revenues that outstrip Las Vegas many times over.
But revenues have actually begun to fall significantly for the first time since the market opened up to foreign operators, and there are certainly alterations in shop for operators and players alike.
Mainland Crackdown Hurts VIP Spending
Historically, Macau’s dominance has been built on the backs of high-stakes VIP gamblers who are able to spend tens or 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 started to hurt the movement of money to Macau.
At problem is really a campaign that is major reduce corruption in Asia, one that has scared off many gamblers who want to illegally bring money from the mainland to Macau.
There are restrictions to so just how much money is allowed become removed the mainland legally, but whales had previously had the opportunity to get a lot of methods around this. Junkets would give out (unenforceable) loans, while pawn stores in Macau would fraudulently process transactions that triggered cash that could possibly be utilized by gamblers or cash launderers.
These methods have actuallyn’t disappeared by a shot that is long nevertheless they have actually tightened up a bit. Fewer officials are willing to help gamblers smuggle funds into Macau, and there are now lower limits on the amount of cash that can be withdrawn from a UnionPay debit card each day. That’s been sufficient to see large declines that are year-over-year profits for Macau’s casinos: in October alone, profits dropped by a record-breaking 23 percent.
Casinos Hope to Attract More Mass Market Traffic
Also before any risk of strain on VIP play began to hit home, Macau was currently focused on bringing in more ‘mass market’ gamblers: after all, there was clearly only a great deal that the market that is high-end develop for them. The crackdowns that hurt their whales just made those low-spending gamblers a much more immediate focus, and one that may have helped to minmise the damage the market saw once the VIP sector declined.
Sure enough, Macau saw significant growth in the mass market segment early in 2014. But that too begun to slow since the 12 months wore in.
Those on the higher end of the mass market designation, big spenders whom don’t be eligible for a VIP status, were affected by the government that is new equally as much as the greatest rollers whom occupy exclusive private gambling spaces.
A number of the slowdown has also been attributed to a smoking ban in Macau casinos, one that only applies to the casino that is general and not VIP rooms which can be separated from the rest of the gambling areas.
Labor Issues Plague Macau
There is additionally the ladbrokes casino signup bonus extremely genuine dilemma of work strife in Macau, an issue that is hitting the gambling industry on two fronts. For starters, there is a potential work shortage as more and more casinos are now being built and there are few people left in Macau being looking for jobs.
Who has increased stress on wages, not just in the casinos however in other organizations that need to compete with the gambling industry straight for jobs.
Still, many casino workers think they are becoming a raw deal from their employers. Work unrest happens to be increasing in Macau, with several demonstrations and protests having taken spot in 2010.
Hundreds of casino workers walked off of their jobs in early October as part of a movement to demand better benefits and higher 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
Nyc Governor Andrew Cuomo flip-flops on Southern Tier casino license question after the controversial choice to ignore the region 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 a 4th casino gaming license, to encompass the Southern Tier area of upstate New York.
The area ended up being over looked by the Gaming Commission panel when three licenses were issued with other regions on December 17.
Initially, when 22 casino companies applied for the straight to bid for a share of the expanded ny casino gaming market, four had been up for grabs, meaning there was scope to reopen the putting in a bid for a license that is final.
And while the Gaming Commission is under no legal responsibility to act on Cuomo’s demand, it does are categorized as their authority as a state agency to request it, as well as the letter probably will have some impact.
‘As this could be the license that is last in New York State, it may excite national competition by interested parties that submit better still applications than the first round,’ recommended Cuomo. ‘ If you agree for this demand, the [casino board] should quickly establish a procedure for the license that is fourth could possibly be complete as expeditiously as possible, because the Southern Tier needs jobs and investment now.’
Answer the Fracking Question
While Cuomo initially said he would stand by your decision for the board, their sudden championing regarding the economic needs associated with the area may have something to do with his choice to ban fracking within the area because of observed health risks. The Southern Tier is an area rich in shale and gas, and fracking could have brought a large boost that is economic.
He may have been ashamed into action by the effect of Jeff Gural, owner of Tioga Downs, 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 would be perfectly logical, he argued, as 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. ‘but the social people of the Southern Tier, they just told them ‘no fracking’ and now they provide them a doubleheader of not merely no fracking, but no casino and they’re placing 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 invest $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 entire thing is sickening to be honest with you.’
Politicians for the area also expressed their dismay, including Senator Thomas Libous whom myself challenged the governor to intervene. ‘It’s great news,’ Libous said this week. ‘He’s going to get to bat for the Southern Tier. We’m very 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 while the board, gave it all a definite maybe.
‘the letter has been received by us and are reviewing it,’ he said.