MassGaming to take into account Sole Area C Casino Proposal

MassGaming to take into account Sole Area C Casino Proposal

The Massachusetts Gaming Commission discussed a handful of important problems at a meeting held at boston’s john b. hynes veterans memorial convention center thursday.

Their state gambling regulator offered the nod to MGM Resorts Global’s request to delay the opening of its $800-million casino resort in Springfield to 2018 september. The reason behind here is the reconstruction of the Interstate 91 viaduct, which can be likely to be finished by 2018 august.

Commissioners have not been specially keen on the delay as the state would be to lose about $10 million in taxation income for each and every the casino does not operate month. However, they admitted it wouldn’t be beneficial to the business enterprise, if MGM starts its resort at any given time when key I-91 lanes are closed down as this might influence visitors’ first impressions in a negative way.

Another matter which was discussed throughout the Thursday conference ended up being Brockton as well as its application for a $650-million casino resort in Southeastern Massachusetts, or area C because it is formally referred to. In fact, the town has remained the single contender for a casino license in the area, after New York developer KG Urban dropped its bid for the gambling place in New Bedford.

The Brockton proposal is backed and funded by Mass Gaming and Entertainment, affiliate of Chicago-based video gaming company Rush Street Gaming. Within thei Continue reading “MassGaming to take into account Sole Area C Casino Proposal”

VinaCapital Renews Casino Construction After Finding New Investor

VinaCapital Renews Casino Construction After Finding New Investor

VinaCapital, an investment that is leading and real-estate development firm in Vietnam, has announced it’s now willing to restore the construction of its new €3.15-billion resort and casino facility in the town of Hoi An. The organization encountered a hold-up due to the known undeniable fact that Genting Group, one of the venue’s investors, exited the project.

The construction ended up being resumed following a brand new investor had been found. The identity of this investor that is new maybe not been revealed yet, as the business agreement is yet become finalized, the CEO of VinaCapital explained.

There clearly was conjecture produced by Vietnam Investment Review, that the investor that is new be Chow Tai Fook Enterprises Ltd. a well-known name into the construction of resorts and gambling enterprises.

CEO Don Lam further commented that it is a project that is big VinaCapital, since it should include lots of leisure and entertainment facilities into the southern part of Hoi An.

The construction of this first project that is minor planned become ready ahead of the center of 2015, so the business can efficiently transition its focus and power into its major hotel and casino project. The integrated resort is prepared to start by the finish of 2016 or the beginning of 2017.

The renewal of this construction is certainly anticipated by VinaCapital, from the time Genting Malaysia Berhard retracted th Continue reading “VinaCapital Renews Casino Construction After Finding New Investor”

MassGaming to take into account Sole Region C Casino Proposal

MassGaming to take into account Sole Region C Casino Proposal

The Massachusetts Gaming Commission discussed a number of important problems at a meeting held at boston’s john b. hynes veterans memorial convention center thursday.

The state gambling regulator offered the nod to MGM Resorts International’s demand to postpone the opening of its $800-million casino resort in Springfield to 2018 september. The cause of here is the reconstruction of this Interstate 91 viaduct, which will be likely to be completed by 2018 august.

Commissioners haven’t been particularly interested in the wait once the state is always to lose about ten dollars million in taxation revenue for each the casino does not operate month. Nevertheless, they admitted that it wouldn’t be advantageous to the company, if MGM opens huuuge slots its resort at any given time when key I-91 lanes are closed down as this would influence visitors’ first impressions in a negative method.

Another matter that was discussed during the meeting was Brockton and its application for a $650-million casino resort in Southeastern Massachusetts, or Region C as it is officially referred to thursday. In reality, the city has remained the single contender for a casino license in your community, after New York developer KG Urban dropped its bid for a gambling place in brand New Bedford.

The Brockton proposal is funded and backed by Mass Gaming and Entertainment, affiliate of Chicago-based video gaming company Rush Street Gaming. In their Continue reading “MassGaming to take into account Sole Region C Casino Proposal”

South Australia Asks Apple to Ban Play-Money Gambling Apps for Kids

South Australia Asks Apple to Ban Play-Money Gambling Apps for Kids

Mobile giant Apple has been approached by South Australian premiere Jay Weatherill to ban play-money gambling apps for kids

Mobile technology giant Apple has long been ready to make use of Australia and other governments to ban the launch of real-money online gambling apps. Now, one state is asking them to further go a step by preventing children from accessing even the play-money versions of gambling apps.

Apple agreeable

That’s the word from Southern Australian Premier Jay Weatherill, who says that his federal government has recently contacted Apple about cooperating with the insurance policy, which will make it an offense to supply gambling apps to minors. This move would make SA the first state or territory in Australia to pass such a law while online gambling apps have been a part of the larger conversation on gambling reform throughout Australia.

The ban would only be one part of a method aimed at keeping children from getting into play-money gambling an interest that many believe can cause genuine gambling problems later in life.

‘Research indicates that early experience of gambling-like games may lead to some children developing problem gambling habits later in life,’ Weatherill stated. ‘we won’t stand back and watch a generation that is new of addicts emerge. So we will lead the nation once again by taking these steps.’

Rating System for Gambling Apps

The program would have SA classify apps for di Continue reading “South Australia Asks Apple to Ban Play-Money Gambling Apps for Kids”