Massachusetts Mayors Blast Anti-Casino Study as Bogus

Everett Mayor Carlo DeMaria ended up being among a group of Massachusetts mayors and city leaders who rejected the claims in a recent anti-casino research.
Some Massachusetts mayors and town executives in the state have blasted a casino study that claims resorts that are new hurt lottery profits for metropolitan areas and towns there. Anti-casino advocates are employing the study to suggest that the financial benefits of adding casinos in Massachusetts have been overstated, and that voters should repeal the casino law into the November ballot that is upcoming referendum.
In line with the study, which was released by Repeal the Casino contract, local lottery earnings could stop by just as much as 22 percent if the new casinos are allowed to be built. Overall, the scholarly study estimates that as much as $103 million could be lost as consumers who used to play the lottery change instead to casinos.
Mayors, Town Officials Reject Learn
However a group led by Everett Mayor Carlo DeMaria, Springfield Mayor Domenic Sarno and Plainville Town Administrator Joseph Fernandes (all of whom lead towns and metropolitan areas where casinos and slot parlors have been approved) is rejecting these figures, saying that other analysts attended up with entirely different results. Based on the municipal leaders, any lottery losses could be short-term, and would become more than offset by the brand new revenues brought in by the casinos.
‘These claims are totally inconsistent aided by the other studies about effects on regional aid along with the connection with other states regarding lottery revenues,’ the officials said in a statement released by the Committee to safeguard Massachusetts Jobs.
To back these statements up, the group cited studies commissioned by the state of Massachusetts, since well as other people from the higher Boston Chamber of Commerce and the Center for Policy review at UMass Dartmouth. Not just did those studies suggest that the large losses predicted by Repeal the Casino Deal were unrealistic, but they even offered some evidence that in the run that is long lotteries were not harmed at simply by the introduction of gambling enterprises.
‘ In fact, lottery revenues in Connecticut have doubled since the inception of casinos, and lotteries in Maine, Maryland, Ohio and Pennsylvania have all continued to grow, even as those continuing states introduced gaming,’ the statement read.
Repeal the Deal Fires Back
Nevertheless the anti-casino group behind the scholarly research pointed out that they used the Massachusetts Gaming Commission’s own revenue estimates to come calmly to their findings. Since nearly all state lottery income adopts neighborhood federal government coffers, they said, any drop would straight impact city and town budgets. That, they said, meant that the critiques of their study ‘strain credibility.’
Therefore far, the continuing state Gaming Commission has approved licenses for two casino tasks: an MGM casino in Springfield, also a Wynn Resorts task in Everett. A slots parlor has also been approved for Plainville.
Nevertheless, the continuing future of those facilities remains up floating around. Anti-casino advocates have successfully placed a question in the November ballot asking voters if they would want to repeal the law that allowed for these casinos to be licensed; a ‘yes’ vote would end plans to build the venues.
But anti-casino campaigners are facing a fight that is uphill. Not only are the casinos far better funded inside their campaigns to beat the repeal effort back, but recent polling has shown that most voters plan to vote to keep the casinos.
Carl Icahn Taj Mahal Bankruptcy Demands Hit Casino Union
Lawyers for Carl Icahn state that the Taj Mahal will only survive if its permitted to break union workers to its contract. (Image: Scott Eells/Bloomberg)
Carl Icahn’s attorneys have told a bankruptcy court that he will not keep the Taj Mahal (formerly Trump Mahal that is taj unless the judge cancels the casino’s union contract. That declaration mirrors earlier statements from Icahn, though the precise nature of his demands is revised somewhat since the rather public battles between him and state officials.
Speaking with respect to Icahn, lawyer Alan Brilliant told US Bankruptcy Judge Kevin Gross that Trump Entertainment Resorts, the house’s parent company, simply couldn’t afford to help keep the Taj Mahal available unless the judge ruled within their favor and permitted them to break their current contract with the union.
‘When you don’t grant the…motion, it’s just not viable being a business,’ Brilliant said in court. ‘ Without that, staying in the pension plan, ultimately very quickly the casino shall close. This might be the window here; the window is open.’
Convert Debt into Ownership
Trump Entertainment and Icahn are attempting to push through a plan that would see Icahn transform the $286 million in debt he owns into the casino into ownership for the resort. Icahn would then accept invest another $100 million of his own money to keep it all afloat. However, that investment is contingent on a number of demands that begin because of the dissolution of the union contract that is current.
Beyond that, Icahn and Trump Entertainment are looking for significant help that is financial Atlantic City and hawaii of the latest Jersey, though they’ve modified their demands significantly after the extremely negative reaction that their first series of demands received. They’re now asking for $175 million in relief through a PILOT ( payments in lieu of taxes) system, also as two grants which aren’t normally offered to casinos: the Economic Redevelopment Grant as well as the Urban Revitalization Grant. The state legislature could have to approve enabling the casino to get such funds.
Originally, Icahn and Trump wanted Atlantic City to lower its property income tax assessments by just as much as 80 percent, as well as for the state to contribute $25 million more in income tax credits.
Union Lawyers Call It Unfair Advantage
But lawyers for Local 54 regarding the Unite-HERE union stated that all of these demands, including those being made of workers as well as the state and local governments, were simply an attempt by Icahn to enhance the Taj’s competitive position over other casinos during the expense of those who could least manage it.
‘Let’s look at the poorest of this stakeholders here and work out sure they quit everything permanently before we’re even ready to move,’ said Unite-HERE lawyer Kathy Krieger, while categorizing Icahn’s demands. ‘That’s absolute nonsense.’
Lawyers for the Taj Mahal, though, attempted to show just just how dire the situation was at the casino. According in their mind, Trump Entertainment has been selling televisions and used mattresses from the sister that is now-closed Trump Plaza in an effort to earn significantly more cash.
But Trump Entertainment lawyer Kris Hansen countered that allowing the casino to break their union was the way that is only could survive.
‘If you do grant it, we have the possibility to stay alive,’ said Hansen. ‘The price structure of this casino doesn’t work, also it has to be fixed. Whenever we’re successful, employees get to keep their jobs, despite the fact that some concession was made by them. Having a working job surpasses not having a task.’
Social Media Games Approved for Real Money NJ Online Play
Farmville has real cash potential for online play; nj-new jersey desires to make slots and skill-gaming hybrids a reality. (Source: www.techinasia.com).
Social media games like Words with Friends and Candy Crush could be the surprising next moneymaker that is big brand New Jersey online gamblers, if the state’s Division of Gaming Enforcement (DGE) has its way.
The DGE has established it will now be accepting submissions for skill-based and social games from designers and that it’s eager to establish a framework that is regulatory will enable such games become integrated into on line and land-based operations in the state.
While revenue from conventional slots has dropped off in modern times, social gaming has grown right into a global multibillion dollar industry over a similar time period while the DGE clearly views the trend as an effective way to reviving New Jersey’s flagging land-based casino industry, while boosting the online sector.
There ended up being talk that is much the recent G2E gambling industry summit in Las vegas, nevada of hawaii associated with slot machine game industry and a general acknowledgement that it requires to adjust and modernize in order to appeal up to a new generation of players.
Young people tend to eschew traditional slots in favor of other designs of entertainment, and there is a growing sense that the adoption of skill gaming and social games, such as Candy Crush Saga and Farmville, in a https://real-money-casino.club/slots-of-vegas-online-casino/ casino context may be the answer, particularly the thought of a fresh types of slots/skill-gaming hybrid.
Brand New Jersey First
The DGE has emphasized that it wishes to go forward quickly with this initiative, banking that being the very first into the market gives it the edge it’s lost to its competitors in neighboring states in the last few years.
The New Jersey First initiative, which was designed to revitalize the state’s gaming and tourism industries, permits treatment that is favorable video gaming items that are submitted to New Jersey before just about any state. The supply allows products that are such be rolled out on the casino flooring within 2 weeks of evaluation and approval.
‘The concept of combining skill-based and social elements to a casino game has an appeal that is broad-based’ stated the DGE in a news release. ‘It will appeal up to a larger part of this population and bring more customers to a casino’s slot floor or to their Internet website. Social gamers already are familiar with these types of games and would be ready to decide to try them for real-money casino gaming.’
Multibillion Industry
A current research by the organization Research and Markets implies that on average 200 million people currently play social games online per month, and that figure is expected to increase on the next five years. By 2019, the study predicts, the gaming that is social will be worth $17.4 billion.
In 2012, IGT, the world’s developer that is largest of gaming machines, which was recently acquired by GTECH, purchased social casino games developer Doubledown for the deal worth well over $400 million and it should be reasonable to assume that the company has been looking into the viability of social/slot hybrids. For the full time being, but, the DGE is submissions that are accepting all companies and all developers, as it tries to reconsider and reshape its gambling industry.
‘ Given the success of our New Jersey First program over the last three years, we have the time that is fastest to market for electronic gaming equipment anywhere in the country,’ stated DGE Director David Rebuck. ‘The Division is authorized to implement this process and move ahead with products. Bring your innovative skill-based games to New Jersey and we’ll work with you to definitely get them approved quickly.’
