Suffolk Downs Boston Casino Vote Could Be Photo Finish

Suffolk Downs Boston Casino Vote Could Be Photo Finish

This neck and neck finish at Suffolk Downs Boston-area racetrack is symbolic of how their casino vote is unfolding. (Image supply: Boston Globe)

These days: can the Red Sox win their third World Series title in 10 years in the city of Boston, there’s just one issue keeping city residents up at night? 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 and it could possibly be just as contentious as the obstruction ruling that finished Game 3.

Bugles Playing ‘First Call’

Both supporters and opponents associated with plan to create a casino in East Boston are ramping up their efforts getting away the vote in the ultimate times before the November 5th election, as both sides are anticipating a close race that could fall to voter turnout. The casino, which will be placed at Suffolk Downs, has become a hotly debated issue in churches, on road corners, and also among applicants for mayor.

Anti-casino forces feel like they’re seeing some prospective for a noticeable change by means of the vote though that could be either good or negative. The exit of Caesars Entertainment being a partner for Suffolk Downs in the casino bid recently has tossed the race into chaos, they want to support the plan as it has confused voters over whether or not.

That confusion has shown up in the polling of an organization referred to as close 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. Prior to the news about Caesars departure from the project, about 10 percent of residents had been still undecided about whether or not to support the Suffolk Downs bid. Now, that number is into the array of 22 percent 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 automatically to our benefit. They could effortlessly say they truly are waiting to see whom the partner that is new. The least that will be said is the fact that uncertainty has definitely been introduced.’

Neck and Neck Towards the Finish Line

Based on Morales, their polling has shown that about 40 percent are for the casino bid, with another 40 % 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 information on their proposal.

But no matter the numbers that are exact have, both edges clearly feel the matter hasn’t been decided yet and which means a lot of efforts to have voters on their respective sides within the final days before the election.

‘we are doing a bit of door-to-door canvassing, we’re offering rides to the polls and we have been ID’ing supports along the means,’ said Suffolk Downs COO Chip Tuttle. According to Tuttle, hundreds of volunteer casino supporters is canvassing on their behalf into the last week before Election Day, planning to visit a large number of voters and promote the virtues associated with casino intend to them.

Opponents regarding the casino bid won’t be sitting on their fingers, either. They’ve set up a base camp at a neighborhood church, where leaders that are religious others into the community are working together to oppose the efforts of Suffolk Downs.

‘It’s really, really easy,’ Morales said. ‘If you love your community, family, your churches, the casino can’t be good for you.’

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 tool, it’s only a matter of the time before another answers in type. That’s why there’s now a great deal of speculation that the round that is latest of casino expansion planned for nyc could ultimately result in a fresh casino in North Jersey, as New Jersey continues to keep their shrinking share of the regional casino market in that area.

The threat that is new of in nyc hasn’t materialized yet and it may never ever take place at all. New Yorkers are likely 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 appears at least reasonably most likely, which could add yet more competition that is regional the mix.

One Upsmanship But Is It Performing?

And should more casinos be added in other states, it’s most likely that nj-new Jersey would see that being an invitation to include a new casino of their very own. In particular, politicians and industry insiders are imagining the chance of a casino in the Meadowlands, a place in northeast New Jersey that is already the website 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 group.

Are you still with us?

According for some in North Jersey, the state is losing a good amount of possible income by maybe not having a casino in that region of the https://slotsforfun-ca.com/huuuge-casino-review/ state. Lots of gamblers, they say, are headed to the Empire Casino in Yonkers, NY or nearby Pennsylvania casinos in Bethlehem and also the Poconos. These locations are a complete lot far more convenient to access for many nj-new Jersey residents than the casinos in their own personal state.

‘Do you think people from northern New Jersey are getting to drive all the way to Atlantic City when they want to play the slots for a hours that are few’ asked Jeffrey Gural, operator of this Meadowlands racetrack. ‘Gas is $4 a gallon. I am told by you.’

But while the threat of more casinos that are regional function as 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 a while. And in reality, the biggest battle will be the one between Atlantic City and North Jersey. Many Atlantic City officials fear that a new casino in northern New Jersey could be the death knell for the town’s already flailing land gaming industry.

Atlantic City Revival Still Needs A visited Jesus

The revival of Atlantic City has been a policy that is major for New Jersey Governor Chris Christie, who states he does not desire any new casinos to be built outside of the town at least until his five-year plan for revitalizing the casino industry there is certainly offered to be able to work. While that effort may not have had quite the results Christie was hoping for therefore far, losses have at least slowed in Atlantic City and the governor’s office says if he had known New York was planning to build new casinos that he would have followed the same plan even.

‘[The plan to create new gambling enterprises in New York] doesn’t alter that we set out at the beginning of the administration to offer Atlantic City the most readily useful possibility we can to maintain or grow our existence in the competitive casino market,’ stated Michael Drewniak, a spokesman for the governor.

LAND CASINO SATURATION IN THE USA:

Across the United States, gaming analysts warn that the brick-and-mortar casino industry is nearing its saturation point. A Fitch gaming analyst, told Bloomberg News 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 everybody is on the same playing field in early 2013, Alex Bumazhny. Then it just comes down to location.’

With Atlantic City’s land video gaming revenues down a whopping 50 percent since neighboring Pennsylvania started its casino doors in 2006, sufficient reason for even newer gambling enterprises in Illinois and Maryland struggling to meet up profit objectives, it’s hard to argue with this obvious reality that is new.

Several states are now looking to burgeoning appropriate 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 Las Vegas Sands 3rd Quarter Macau Profits Shine In Comparison To Las Vegas

It is all about Macau: Las vegas, nevada Sands Corp.’s 3rd quarter earnings were soaring into the Asian gambling mecca.

Location, location, location: that’s what they always say in real estate. And for Las Vegas Sands Corp., that’s appearing entirely true, even if, ironically, it’s Macau, not Las Vegas, that’s turning out to be the casino company’s shining star.

‘(Las 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 best Asian gaming development and cash flow 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 Macau gaming sector overall, driven by attractive marketwide revenue growth, especially in the mass gaming segment,’ added JP Morgan gaming analyst Joe Greff. ‘Las Las Vegas Sands’ hotel room base should allow [the company] to grow line that is top [cash flows] in excess of the marketplace participants.’

Seems the gaming that is bully 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. While the July September 2013 quarter showed a 43 percent boost in Sands’ four primary Macau video gaming divisions, and a staggering 89 percent bump from the same time frame duration last 12 months. With $2.34 billion in net revenues from their Macau properties for the quarter that is third it adds up to a whopping 65 per cent 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 brand new 3,000-room property that has a Parisian theme and a 2015 expected opening. That can make five major casinos there ( and just why maybe not when they’re making money hand over fist): the Venetian Macau, Four Seasons Macau, Sands Macau, and the multiple-hotel Sands Cotai Central task, along with the resort that is new 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 also, in accordance with Rob Goldstein, the company’s president of global video gaming operations.

‘With our space base, that is clearly a very thing that is positive us,’ Goldstein said, discussing the trend of mainland Chinese tourists coming to and staying in Macau. ‘They stay longer, come from further away and require sleeping rooms. So Sheldon’s (Adelson) 9,000 sleeping rooms in Cotai proved become a pretty good idea.’

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 contributor to that much-needed infrastructure, with a $10 billion Hong Kong-Macau-Zhuhai Bridge slated to start in 2016. The bridge will greatly cut down on 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 aswell. Sands president Michael Leven says that Asian nation’s $6 billion a casino market would match what’s happening on the las vegas strip, but macau’s $38 billion take in 2012 will be hard to top, especially as those figures are up another 17 percent as of end of third quarter 2013 year.

 

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