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Second Philly Casino Faces Legal Challenges

Second <span id="more-5877"></span>Philly Casino Faces Legal Challenges

A few 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 that has been issued a license by ladbrokes casino practice the Pennsylvania Gaming Control Board final month will face an amount of appeals from rivals, a move that was expected by most observers as quickly as the license was awarded.

Those appeals are coming both from losing bidders in the licensing process and also the SugarHouse Casino, which is already running in Philadelphia.

The license that is new awarded to the Live Hotel and Casino, a house that will be located in the Sports Complex in South Philly.

Operators Greenwood Gaming and Cordish Cos of Baltimore say that the facility are going to be synergistic aided by the sports venues here, which may help retain visitors for multiple trips to the area day.

Appeals Were Expected Regardless of Winner

Also before that license had been awarded, it seemed that appeals were likely regardless of whom would win. SugarHouse has argued that a second casino in the city only will take company away from their website without growing the market, while there have been certain to be hard feelings from losing bidders.

Into the end, at least four appeals had been filed: three from losing bidders and another by SugarHouse. There were quantity of various arguments brought forward by those submitting the challenges, but they mostly boiled right down to two points that were additionally brought up during the licensing process.

First, there is the idea that the casino market in the Philadelphia area, and perhaps in the entire region, is currently saturated. This argument is primarily being made by SugarHouse, while the casino that is existing the one probably to lose out should an extra casino be opened within the town.

‘ The addition of another casino shall not grow the market,’ stated lawyers representing SugarHouse. ‘Rather, it will result in the cannibalization of profits from existing casinos to the detriment of both the Philadelphia gaming market as an entire, 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 some form or another, is that Greenwood Gaming is actually ineligible to receive a casino license within the state of Pennsylvania.

This will be as a result of the act that the business currently has and operates the Parx Casino in Bensalem; according to those appealing the choice, giving this venue that is second Greenwood violates the state’s gaming laws.

‘Certain individuals and entities who maintain an ownership interest in Stadium also maintain an ownership fascination with Parx, which surpass 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 apply for a even category two permit, which is slot machines, and Parx owns a race track in Bensalem.’

A appeal that is similar 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 spirit of the Gaming Act.’ PHL also believes that the board didn’t correctly consider district support or opposition of each project, or the ‘mandate to ensure minority inclusion as a part of the winning bid.’

The appeals were filed later last week, just over 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 gambling enterprises have seen much less traffic in their VIP rooms since the Chinese federal government started a corruption crackdown. (Image: Wikimedia Commons)

Macau had been already the earth’s gambling hub that is largest heading into 2014, and it absolutely wasn’t even close. Nothing that happened over the year that is past threatened to alter that: the Chinese enclave still creates revenues that outstrip Las Vegas several times over.

But profits have begun to fall significantly for the time that is first the market opened up to foreign operators, and there are certainly changes in store for operators and players alike.

Mainland Crackdown Hurts VIP Spending

Historically, Macau’s dominance is built on the backs of high-stakes VIP gamblers who are able to invest tens as well as 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 harm the flow of money to Macau.

At issue is a campaign that is major reduce corruption in China, one that has scared off many gamblers who would like to illegally bring cash from the mainland to Macau.

There are limitations to just how cash that is much allowed to be flourished the mainland legally, but whales had previously been able to get a lot of methods around this. Junkets would hand out (unenforceable) loans, while pawn stores in Macau would fraudulently process transactions that led to cash that could be utilized by gamblers or money launderers.

These methods haven’t disappeared by a shot that is long nevertheless they have tightened up a bit. Fewer officials are ready to help gamblers smuggle funds into Macau, and there are now lower limits on the quantity of cash that can be withdrawn from a UnionPay debit card every day. That has been enough to see large declines that are year-over-year profits for Macau’s casinos: in October alone, revenues dropped with a record-breaking 23 percent.

Casinos Hope to Attract More Mass Market Traffic

Even before any risk of strain on VIP play started to hit home, Macau was currently focused on bringing in more ‘mass market’ gamblers: after all, there is only so much that the market that is high-end grow for them. The crackdowns that hurt their whales just made those low-spending gamblers a much more focus that is immediate and one which may have helped to minmise the damage the marketplace saw because the VIP sector declined.

As expected, Macau saw growth that is significant the mass market segment early in 2014. But that too started to slow while the wore on year.

Those on the higher end of this mass market designation, big spenders who don’t be eligible for a VIP status, were affected by the government that is new just as much as the highest rollers who occupy exclusive personal gambling rooms.

Some of the slowdown has also been attributed to a smoking ban in Macau gambling enterprises, one that only applies to the general casino floors and not VIP spaces which are divided from the rest of the gambling areas.

Labor Issues Plague Macau

There’s also the extremely issue that is real of strife in Macau, a challenge that is hitting the gambling industry on two fronts. For starters, there exists a labor that is potential as more and more casinos are increasingly being built and there are few people left in Macau that are looking for jobs.

That has increased force on wages, not merely in the casinos but in other businesses that have to contend with the gambling industry straight for jobs.

Still, many casino employees believe they are becoming a raw deal from their companies. Labor unrest has been increasing in Macau, with several demonstrations and protests having taken place this year.

Countless casino workers walked off of their jobs in early October as an ingredient 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 location sparks indignation. (Image: Michael Nagle/ Getty)

Governor of ny Andrew Cuomo has written to his state’s Gaming Commission to suggest bidding should be reopened for a casino that is fourth license, to encompass the Southern Tier area of upstate New York.

The area had been ignored by the Gaming Commission panel when three licenses were provided to many other regions on 17 december.

Initially, when 22 casino companies applied for the straight to bid for a share of the expanded nyc casino gaming market, four were up for grabs, meaning there was scope to reopen the bidding for the license that is final.

And while the Gaming Commission is under no legal obligation to act on Cuomo’s request, it does come under his authority being a state agency to request it, and also the letter is likely to involve some impact.

‘As this could be the license that is last in New York State, it may excite national competition by interested events that submit even better applications than the very first round,’ recommended Cuomo. ‘ in the event that you agree to this demand, the [casino board] should quickly establish an activity for the fourth license that might be complete as expeditiously as possible, once the Southern Tier needs jobs and investment now.’

Answer the Fracking Question

While Cuomo initially stated he would stand by your choice for the board, his championing that is sudden of economic needs associated with the region may have something doing with his decision to ban fracking into the area because of recognized health dangers. The Southern Tier is definitely an area rich in shale and gas, and fracking may have brought a big boost that is economic.

He might have been ashamed into action by the reaction of Jeff Gural, owner of Tioga Downs, certainly one of the 2 groups bidding for the certain area, and hotly tipped for a license. Gural had been infuriated by your decision of the board, which, he said, simply made no sense. A casino in the Southern Tier could be perfectly logical, he argued, since the closest competitor is Mohegan Sun at Pocono Downs, 90 miles south in Wilkes-Barre, Pennsylvania

‘It’s got nothing to do beside me, i’ve enough money,’ Gural fumed. ‘But the people for the Southern Tier, they just told them ‘no fracking’ and today they offer them a doubleheader of not just no fracking, but no casino and they’re putting it within 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 Local Law 1, Proposition One [to expand casino gaming in the state]? What was that all about? I mean… the thing that is whole sickening to be truthful with you.’

Politicians for the area also expressed their dismay, including Senator Thomas Libous who myself challenged the governor to intervene. ‘It’s great news,’ Libous stated this week. ‘He’s going to get to bat for the Southern Tier. We’m extremely pleased with that. I’m hopeful the commission will look to starting the process for that 4th license in the Southern Tier.’

Lee Park, a spokesman for the commission plus the board, gave it all a maybe that is definite.

‘the letter has been received by us and are reviewing it,’ he said.

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