Third Connecticut Casino Announcement Has All Ears Piqued in Northeast



A planned Connecticut casino will reveal its targeted location for construction in the coming days, and the impending announcement has the ears of all vested gaming interests operating in the northeast.

MGM Springfield in Massachusetts is causing quite a stir, as another Connecticut casino is in the works to offset the impact of the megaresort.

The Mashantucket Pequot and Mohegan Native American tribes are working together to bring the Constitution State a third casino venue. The joint venture is in response to MGM Springfield, the $950 million resort currently under construction in southern Massachusetts.

State lawmakers permitted the two tribal groups to build a third casino off their sovereign lands in order to keep gambling revenue in the state and protect jobs.

The Mashantucket and Mohegan people are considering building in the northern part of the state in the towns of Windsor Locks or East Windsor. That would place the Connecticut casino just 15 miles from MGM Springfield.

With MGM, state lawmakers, and residents anxiously waiting, the tribes say the official announcement of the casino will be revealed in the coming days. ‘We’re days, not weeks or months . . . from announcing a decision,’ Mohegan Chairman Kevin Brown said this week.

MGM States the Obvious

Once the Native American coalition pinpoints its gaming location, the state legislature will need to sign off on the construction. The facility is expe

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Nj Online Gaming Study Predicts Huge Growth Trend Will Continue in 2017



New Jersey on line gaming had its best year up to now in 2016, and the future, at the very least according to one brand new study, will probably be even brighter.

Pennsylvania is anticipated to take into account passing an igaming law this year, and that would be further good news for brand New Jersey online gaming, as it could help reverse internet poker’s unpredictable manner.

Web gaming businesses are being told to expect a revenues increase of 17 percent in 2017. International gaming industry research group Eilers & Krejcik says online gambling in the Garden State will reach highs that are new the 12 months ahead, despite the firm’s forecast that electronic poker will decline by six percent.

Most readily useful yet for Atlantic City is their prediction that online play is leading to more bets placed at the rest of the seven casinos that are land-based.

‘Increased integration between the web and casino that is live become driving extra play and visitation at land-based properties,’ the Eilers & Krejcik study stated.

Great News or Bad News?

While the headline reads nicely for internet casino operators as well as the state’s tax coffers, 17 percent, while strong growth, would actually be described as a slowdown in regards to annual percentage gain.

The nj-new Jersey Division of Gaming Enforcement (DGE) reported internet that is total in 2016 came in at $196.7 million. That is nearly $48 mi

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Melco Crown Calls Sheldon Adelson’s $10 Billion Bet on Japan, Hard Rock Scrambling for Partners



Melco Crown Entertainment won’t be intimidated by Las Vegas Sands billionaire Sheldon Adelson’s comments this week that he’s ready to spend up to $10 billion on building a casino in Japan.

Melco Crown CEO Lawrence Ho says there’s no cap on how much his company is willing to spend on an integrated casino resort in Japan.

Hong Kong businessman Lawrence Ho, the billionaire son of Stanley Ho who held a gambling monopoly in Macau for 40 years, told reporters soon after hearing of Adelson’s pledge that his company is prepared to invest even more. During the same investor conference in Tokyo, Ho explained, ‘We’ll absolutely spend whatever we need to win.’

Japan legalized commercial casinos last fall, but hasn’t determined the specific regulations for the newly liberalized industry. The country’s parliament is working to decide how many gambling licenses will be issued, but the general consensus is that just two properties will be authorized.

In a press release unveiling Melco Crown’s integrated resort concepts for Japan, Ho added, ‘There currently is no predetermined cap on our intended investment. I prefer not to constrain our dreams… with price tags, particularly at this early stage.’

Melco Crown Entertainment was founded in 2004 through a partnership between Melco International Development and James Packer’s Australian Crown Resorts.

Between Rock and Hard Place

With Adelson, a man w

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