A map showing the three Massachusetts regions where casino licenses can theoretically be granted. Some voters want this statutory legislation repealed now.
Nobody into the continuing state of Massachusetts doubts that the individuals there like to gamble. Nevertheless, there seems to be a certain disconnect between that fact and the outcomes of recent referendums, in which voters were rejecting casinos left and right across the state. The message seems to be that casinos are okay provided that these are typicallyn’t located inside their own backyard.
Not Near Me
Even Governor Deval Patrick has said that he’dn’t want a casino in his hometown of Richmond, while State home Speaker Robert DeLeo says he’d vote against one in Winthrop. Mind you, both are theoretically in favor of expanded gambling within the state just as long they live as it doesn’t land where.
But some anti-casino advocates are reading these votes in another way. They’ve said all along that gambling enterprises are bad for communities and the state as being a whole, and they need to end the casino expansion before it even gets started. Not long ago, a group of selectmen from four Massachusetts towns created the MetroWest Anti-Casino Coalition, a group that became dedicated to repealing the casino legislation and stopping any gambling enterprises whatsoever from being built in their state; they now say their work has had such an impact that the team has served its purpose and will disband soon.
‘How do you reconcile the legislation that permits this with revolution after wave of rejection?’ asked Jay Marsden, a selectman from Holliston. ‘i don’t know how the legislation gets matched up with the known fact that basically no one wants to simply take the plunge and take everything that goes along with saying ‘yes’ to 1 of these things.’
Another group known as Repeal the Casino Deal has been working for weeks to gather signatures in order to put the question of repealing the casino deal in the 2014 statewide election ballot. They say that they’ve collected a lot more than 90,000 signatures, far more than the 68,911 required to present before early next month in purchase to get the concern on the ballot.
‘This has become a huge grassroots effort,’ said group spokesman David Guarino. ‘ After the East Boston and Palmer votes, hundreds of new volunteers registered, and donations started to come in, so we had the ability to pay some people to gather signatures.’
Signatures Are Certifiable
The signatures gathered will need to be still certified, but Guarino believes this won’t be a problem. He’s most likely right, considering just how far above the number that is necessary of the group has collected.
There’s one more challenge, though. State Attorney General Martha Coakley has already made the decision that state residents could not vote to overturn the legislation. That decision is being appealed by opponents, however, and the state Supreme Judicial Court is allowing the method to take pending hearings on the issue.
While opponents indicate the recent failures of casino groups in many different communities as evidence that casinos are not wanted in Massachusetts, that may not tell the whole story. Three communities that are different already authorized plans for slots parlors in their towns, though just one will ultimately be built. Meanwhile, Steve Wynn’s plan to create a casino in Everett passed overwhelmingly, while Springfield voters additionally approved a plan by MGM to there build a casino.
This may signal that the law is working just as intended. When Governor Patrick said he’d myself vote against a casino in their hometown, he noted that the casino law was specifically designed to give communities the capacity to reject gambling enterprises, and that there was no need to fill all three licenses immediately. Casinos would only go where voters approved them plus they had every right to reject them as well.
Baccarat and Table Games Moving Up on Las Vegas Strip
The demographic has changed a little since James Bond’s time, but baccarat has made a comeback in the Las Vegas Strip (Image source: ‘Casino Royale’ 1967)
The times they are a’changin’ in the land casino company, especially in Las Vegas. Where slots once ruled the day and still represent a healthy revenue slice for casinos everywhere using the advent of online web sites and mobile casino apps, the uniqueness of a live dining table experience is now becoming as retro-chic as ‘vinyl’ (aka ‘records) are to hipster kids these days.
Dining Table Games Conference
It’s learning to be a big enough niche that there’s now a gaming industry conference dedicated exclusively to it: the Table Games Conference, held at the Paris Las Vegas recently. Industry expert David G. Schwartz, director associated with the Center for Gaming Research at the University of Nevada, Las vegas, nevada, gave a presentation during the conference, noting that ‘live dining table play remains an original [experience] that cannot be replicated online.
‘ Now is the time to spend in table game players,’ Schwartz noted to an audience of some140 seminar attendees. ‘Not in decade when the generation that is next gone digital. Invest now while they’re nevertheless there.’
Schwartz added that with slots now basically on numerous platforms, the only difference between a brick-and-mortar machine and online is just a hot cocktail waitress serving drinks and management presenting you with a W-2 income tax form if you take straight down over $1,200 in a jackpot. (Ok, we added the bit concerning the hot waitress).
Table Games Move Into Very First Place
More notably, Schwartz noted that since the recession hit Las Vegas back 2008, table games have really been pulling in better revenue numbers than slots. The per unit, per win slot take in Nevada has fallen two percent since back in 2005, whereas the per unit, per win table game take has jumped by 20 percent in the same time period in fact, according to Schwartz.
More especially, at their zenith back 2007, Nevada slot machines were producing $132.55 in wins per product a day, compared to table games which had been at $1,997.89 for the timeframe that is same. While both gaming sources took a little of the nosedive by 2009, thus far this slots are down at $117.27 per unit, whereas table games have boomed up to $2,105.03 per table year.
Some of that decline in slot revenue, Schwartz noted, is due to the fact there are actually fewer slots through the state that is whole. In fact, slot device inventory is down 14 percent in the previous eight years in Nevada. Overall in the Silver State, table games bring in 37 per cent and slots a little more than 60 per cent of most casinos’ revenues, he said.
But in Las Vegas, those percentages have actually shifted. Regarding the Strip especially, Schwartz notes that post-recession, table games have inched into first destination with 52 percent of the revenue while slots are slightly behind now at 48 percent. The big game changer was literally baccarat, which now makes up 44.13 percent regarding the Strip’s profits, and that’s based on a total throughout all Strip gambling enterprises of 282 baccarat tables.
Seems baccarat has the sizzle the Strip requires; ‘baccarat has saved the Strip’s bacon,’ noted Schwartz.
The big shift is due to the huge influx of Asian whales coming to play in Las vegas, nevada. Schwartz notes candidly that ‘some of the gaming companies might have gone bankrupt’ without those high-rollers, many from China.
‘Table game players are a wealthier player,’ Schwartz said. ‘[They] are actually regarded as more resilient. They are more crucial to brick-and-mortar revenue as online video gaming becomes more prevalent.’
Here She Comes, Miss Gambling America: New Jersey All Set Online
Here she comes: brand New Jersey’s on-line casino launch is able to roll at long last (Image: AP)
Just as the President regarding the United States doesn’t recognize that complex interactive websites that are created to be used by millions of men and women require endless pre-checks, soft launches and re-checks, does not mean the casino executives get yourself ready for New Jersey’s online gaming launch on Nov. 26 are incredibly cavalier.
Borgata Moving Carefully
Boyd Gaming the company that owns Atlantic City’s premier casino resort Borgata is taking its part moving the casino brand online very seriously, according to Boyd’s executive vice president Bob Boughner.
‘ From our viewpoint, we have now been, and can remain, very methodical, careful and thought out in this method,’ said Boughner. ‘At the end of day, we should expand the Atlantic City market, both the casino and the money that is real experience.’
Boughner is no rookie at this, mind you; back 2003, he spearheaded Borgata’s image, creation and opening, and even though the company has had its ups and downs, like so Atlantic that is many City, it’s done better in the revenue department than most.
‘The Borgata is well-known in New Jersey and that marketplace is our initial focus,’ Boughner said. Like many associated with the operators, he’s unfurling minimal early marketing, until all the kinks have been resolved, and counting on the company’s land gaming reputation to pull in initial players.
All the now-licensed gaming operators have been undergoing a five-day pre-launch test period this week, in expectation of the statewide real time launch on Tuesday. Nj-new jersey’s Division of Gaming Enforcement has been viewing for just about any problems during the launch that is soft which has only been open to roughly 500 invited players and during circumscribed play hours.
The goal of the testing is to ensure that things like deposit processes, geolocation systems, and player identification systems all work correctly; several days in to the launch that is soft there were already some troubling issues with all the geolocation tracking systems maybe not recognizing players that had been even 10-15 miles inside of the latest Jersey’s state borders. While gamblers don’t need to live in the Garden State to relax and play, they must physically be found there at the time they access the state’s casinos games to qualify.
And New Jersey Makes Three
The launch makes New Jersey U.S. State #3 to provide legal and regulated Internet gambling; Nevada already has online poker, and Delaware went live a month ago with a array of casino games. The city’s 12 brick-and-mortar casinos are all partnering with existing technology brands to create their products to the Internet. While sites will provide a full array of games from slots to blackjack and roulette casinos are providing the specialized poker market their games under split and specific sites.
Boyd has brought in Bwin.party an european gaming that is online as their Internet partner. The business shall have four websites, one for Borgata casino games, one for Borgata poker specifically, and then two more generic ‘partygaming’ web sites, one each for casino games and poker.
On the list of other well-known name brands which will be starting, Caesars Entertainment Corp. a business that holds four Atlantic City land properties will have a panoply of websites going, including one for Caesars, one for sub-brand Harrahs, and one due to their World Series of Poker brand.
Meanwhile, the business who started it all in the U.S. Stations Casinos, which kicked off Nevada’s on the web poker earlier in the day this year feels well-prepared to cope with the new challenges to come in New Jersey.
‘You’ll see about five or six companies at the start,’ said Ultimate Gaming chairman Tom Breitling, speaking in regards to the Atlantic City launch. With nine million in population in nj-new Jersey, versus Nevada’s under three million, those challenges could be daunting. But Breitling is confident his outfit is prepared.
‘We’ve discovered a lot in six months and now we’re still learning every day,’ he said. ‘New Jersey is a market that is different but the core dilemmas are similar.’
The Ultimate-Stations operators are going to be employed in reference to the Trump Taj Mahal, as Stations has no East Coast presence by itself.
New Jersey Lawmakers Drive for Overseas Operators Allowance
Meanwhile, nj-new Jersey State Senator Raymond Lesniak (D-Union) is attempting to push through legislation that would also allow non-American operators to set up their operating head office in the Garden State, a move that will require they pass criminal record checks by the Division of Gaming Enforcement before they could possibly be licensed. The DGE could nonetheless be a tough bar to pass for overseas operators who may have looser standards regarding ‘ethical’ gaming business behavior although perhaps not quite as proctological in nature as their Massachusetts counterparts.
Making the proposed legislation much more complex, Lesniak who was a key backer of the current online gambling rules says these operators would only be able to accept wagers from foreign players. The brand new bill, which has not yet been introduced to the state legislature, would ask for 15 % sales tax for their state, with one proviso: taxes paid to other jurisdictions, presumably even other countries, would count as credits against any taxes due nj-new jersey.
‘Why would companies wish to setup operations in New Jersey?’ said Lesniak at A atlantic that is recent city conference on the matter. ‘Well, we’ve got a reputation that is great oversight and legislation. These firms, now situated in Gibraltar or Isle of guy or just about any places that are offshore do not have the stability — the stamp of approval — that provides a lot of credibility to their item.’