New Gambling Site Beginning In Southern New England
Another casino project is signing up with the fray in New England’s increasingly crowded gambling scene.
The Mashpee Wampanoag people formally breaks ground Tuesday on a resort casino in Taunton that it hopes will end up being the state s first Las Vegas-style resort.
The First Light casino, hotel and entertainment complex is being built on a 151-acre commercial park that s part of the Cape Cod-based tribe’s just recently designated federal reservation.
The center is anticipated to open in stages beginning in 2017. MGM and Wynn are likewise building casinos in Massachusetts, but they aren’t slated to open till late 2018 at the earliest.
With an approximated $1 billion cost, First Light represents the splashiest entry yet in the area in between Boston and Providence, Rhode Island.
Plain ridge Park, a more modest slots parlor and harness racing track, opened last year in Plainville, Massachusetts, some 25 miles from Taunton.
Over the state line in Lincoln, Rhode Island, the Twin River Casino has evolved from a greyhound track to a slot games parlor and now a full-scale casino. The online version provides video poker games and classic software-powered table best gambling games like Online Baccarat.
Rhode Island voters in November will likewise pick the company’s plan to open another major casino in Tiverton, near the Massachusetts state line.
Keith Foley, a senior vice president at Moody’s Investors Service, states it isn’t unexpected the Boston-Providence passage has become a focal point in New England’s casino race.
These are individuals that are making the journeys to Connecticut, he stated, referring to the region’s just 2 major resort casinos, Foxwoods and Mohegan Sun.
Like MGM’s western Massachusetts casino and Wynn’s Boston-area project, the people’s First Light resort deals with headwinds.
Homeowners have challenged the federal government’s decision to approve the people land in trust and, by extension, the tribe’s right to open the casino, which is being backed by the Malaysia-based Genting Group.
It is a high-risk bluff being taken by the tribe, but it does nothing to alter the dynamics of the fit, Adam Bond, the Massachusetts legal representative representing the Taunton homeowners, said Monday. He decreased to elaborate.
Neil Bluhm, a popular casino contractor from Chicago, is helping finance the lawsuit.
The owner of the Rivers Casino in Pittsburgh and the SugarHouse Casino in Philadelphia, among others, is proposing a $677 million resort in Brockton, Massachusetts, roughly 16 miles from the tribes Taunton casino site.
Bluhm suggests the two resorts, together with other gambling choices in the area, can exist side-by-side and offer healthy state incomes, along with long-lasting regional financial advancement and job production.
The people, which traces its ancestry to the Native Americans that experienced the Pilgrims about 400 years back, has alerted Massachusetts regulatory authorities that there are unfavorable monetary consequences to allowing the Brockton betrally casino to move forward.
Particularly, it points to a 2013 revenue-sharing offer that binds the people pay 17 percent of its annual gambling profits to the state, however just if no other casino is enabled to run in the area.
The state Gaming Commission will choose whether to give Bluhm a gambling license later this month.
Richard McGowan, a business teacher and gambling professional at Boston College, isn’t convinced either casino is feasible. To understand the feasibility read this review of Leo Vegas casino.
Both strategies are unrealistic, he said. As soon as the Wynn casino is built near Boston, then the Boston casino goers will no longer need to travel. That is the casino which will enjoy the profits of Massachusetts casino gambling.