Suffolk Downs Boston Casino Vote Could Be Picture Finish
This neck and neck finish at Suffolk Downs Boston-area racetrack is symbolic of how their casino vote is unfolding. (Image source: Boston Globe)
In the city of Boston, there’s just one issue keeping city residents up at night these days: can the Red Sox win their under developed Series title in 10 years? But while David Ortiz and the rest of the Sox are busy fighting the St. Louis Cardinals for baseball bragging legal rights, there’s another battle brewing under the surface also it could be just as contentious as the obstruction ruling that ended Game 3.
Bugles Playing ‘First Call’
Both supporters and opponents of this intend to create a casino in East Boston are ramping up their efforts to obtain out the vote in the ultimate days before the November 5th election, as both sides are anticipating a close race that could fall to voter turnout. The casino, which may be placed at Suffolk Downs, is a hotly debated issue in churches, on street corners, and also among candidates for mayor.
Anti-casino forces feel like they’re seeing some prospective for the noticeable change by means of the vote though that could be either positive or negative. The exit of Caesars Entertainment as being a partner for Suffolk Downs in the casino bid recently has thrown the race into chaos, as it has confused voters over whether or not they wish to support the program.
That confusion has shown up in the polling of a organization known as the Friends of East Boston, which opposes the casino project. 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 had been nevertheless undecided about whether or not to ever support the Suffolk Downs bid. Now, that number is within the selection 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 maybe not saying at all that that’s immediately to our advantage. They could easily say they truly are waiting to see whom the partner that is new. The least that may be said is that uncertainty has definitely been introduced.’
Neck and Neck Towards the line that is finish
Based on Morales, his polling has shown that about 40 percent are for the casino bid, with another 40 per cent opposing it. Suffolk Downs says that they don’t see precisely the same numbers, and they believe undecided voters is won over by hearing the information on their proposal.
But regardless of the exact numbers they have, both edges obviously feel the issue wasn’t decided yet and that means plenty of efforts getting voters on their respective sides within the final days before the election.
‘We’re doing a bit of door-to-door canvassing, we’re providing rides to the polls and we’ve been supports that are ID’ing the method,’ said Suffolk Downs COO Chip Tuttle. According to Tuttle, hundreds of volunteer casino supporters are canvassing on their behalf in the week that is last Election Day, planning to consult with 1000s of voters and promote the virtues regarding the casino want to huuuge phone number them.
Opponents of the casino bid won’t be sitting on their hands, either. They’ve set up a base camp at a community church, where religious leaders and other people in the community are working 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’
Brand New York Casino Expansion Could North Jersey that is prompt Casino
If voters give a thumbs up to New York State casino expansion, will North Jersey be next to construct? (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 which means that when one neighbor unveils a brand new tool, it’s just a matter of time before another answers in type. That’s why there’s now significant amounts of speculation that the latest round of casino expansion planned for nyc could ultimately result in a new casino in North Jersey, as New Jersey continues to keep their shrinking share associated with regional casino market in that area.
The new danger of casinos in ny hasn’t materialized yet and it may never ever happen at all. New Yorkers are going to the polls on Election Day in November to decide whether or not to approve the building of the latest, ‘Las Vegas-style’ casino resorts in upstate New York. But passage seems at least reasonably most likely, which could add yet more regional competition to the mix.
One Upsmanship But Is It Working?
And should more gambling enterprises be added in other states, it is most likely that nj-new Jersey would see that being an invitation to include a new casino of their 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.
Are you currently still with us?
According for some in North Jersey, the state is losing a great amount of possible income by maybe 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 therefore the Poconos. These locations are lot far more convenient to access for many New Jersey residents than the casinos in their own state.
‘Do you think individuals from northern New Jersey 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. You tell me.’
But while the risk of more casinos that are regional function as the spark that finally pushes the state to you should consider a Meadowlands casino, the concept has experienced 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 worry that a new casino in northern brand New Jersey will be the death knell for the town’s already land gaming industry that is flailing.
Atlantic City Revival Still Needs A arrived at Jesus
The revival of Atlantic City has been a policy that is major for brand New Jersey Governor Chris Christie, who claims 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 provided an opportunity to work. While that effort might not have had quite the results Christie was hoping for so far, losings have actually at least slowed in Atlantic City therefore the governor’s office says that he’d have followed the same plan even if he had known nyc was about to build new casinos.
‘[The plan to construct new gambling enterprises in New York] doesn’t change that we set out at the start of the administration to offer Atlantic City the best chance we can to maintain or grow our presence in the competitive casino market,’ said Michael Drewniak, a spokesman for the governor.
LAND CASINO SATURATION IN THE USA:
Across the united states of america, 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 had been ‘close’ to this level already, and University of Nevada, Reno teacher Mark Nichols concurred, saying ‘…everybody is pretty much the same and everybody is on the same playing field. Then it just comes down to location.’
With Atlantic City’s land video gaming revenues down a whopping 50 percent since neighboring Pennsylvania launched its casino doors in 2006, sufficient reason for also newer gambling enterprises in Illinois and Maryland struggling to meet up with profit goals, it’s hard to argue using this apparent new reality.
Several states are now looking to burgeoning appropriate and regulated online state-by-state gambling to pick 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 Vegas Sands 3rd Quarter Macau Profits Shine When Compared With Las Vegas
It’s all about Macau: vegas Sands Corp.’s 3rd quarter profits were soaring into the Asian gambling mecca.
Location, location, location: that’s whatever they always say in property. And for nevada Sands Corp., that’s appearing entirely true, even in the event, ironically, it’s Macau, not Las Vegas, that’s turning out to be the casino company’s shining star.
‘(Las 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 remains 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 such as the Macau video gaming sector overall, driven by attractive marketwide revenue growth, particularly in the mass gaming segment,’ added JP Morgan video gaming analyst Joe Greff. ‘Las Vegas Sands’ accommodation base should allow [the company] to grow line that is top [cash flows] in excess of the marketplace participants.’
Seems the bully gaming market in Macau is still growing at a steroidal rate; some analysts expect the end-of-October figures to exceed any single-month income records up to now. Therefore the July September 2013 quarter showed a 43 percent boost in Sands’ four main Macau video gaming divisions, and an astounding 89 percent bump from the same time frame duration year that is last. With $2.34 billion in net revenues from their Macau properties for the 3rd quarter, it results in an impressive 65 % of the company’s overall intake of $3.57 billion.
No wonder Sands CEO Sheldon Adelson is pouring more development money into another project here; he’s got $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 not if they’re making money hand over fist): the Venetian Macau, Four Seasons Macau, Sands Macau, and the multiple-hotel Sands Cotai Central project, combined with the brand new resort being 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 too, in accordance with Rob Goldstein, the company’s president of global video gaming operations.
‘With our space base, that’s a very good thing for us,’ Goldstein stated, referring to 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 ended up become a pretty good concept.’
Susquehanna International Group gaming analyst Rachael Rothman agrees, incorporating that the influx that is growing of to Macau highlights ‘…the importance for the infrastructure build-out in greater China that continues to increase Macau’s reach.’
Adelson will be the major factor to that much-needed infrastructure, with a $10 billion Hong Kong-Macau-Zhuhai Bridge slated to open in 2016. The bridge will greatly lessen the drive time it takes for people to reach Macau from China, which, as anyone who has ever sat in traffic knows, is often a thing that is good.
Sands’ Macau success has analysts chomping to see just what the casino company will do whenever and if Japan legalizes gambling as well. Sands president Michael Leven says that Asian nation’s $6 billion a 12 months casino market would match what’s taking place on the las las vegas strip, but macau’s $38 billion take in 2012 is hard to top, especially as those figures are up another 17 percent as of end of third quarter 2013.