Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson

 Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson

The Vegas NFL stadium project that billionaire Sheldon Adelson bailed on in late January has found a new backer in Bank of America.

The financial institution has reportedly decided to cover the a huge selection of millions of dollars in outstanding funding to make sure the $1.9 billion, 65,000-seat domed stadium has the capital to move forward.

The Oakland Raiders have one of many best fan bases in pro football, however the team seems most likely to Nevada after the Vegas NFL stadium discovered new financing.

Oakland Raiders owner Mark Davis is trying to move his professional football franchise to Sin City, but he needs three-fourths of their support, he must have an adequate stadium plan in place before he can make his case to the NFL’s owners, which.

The odds of bringing professional football to the Mojave Desert experienced a significant setback when Adelson exited the venture after he felt Davis went behind his straight back in presenting a lease agreement to the city that moved forward with or without the Las Vegas Sands tycoon.

Nevada has decided to fund $750 million of the $1.9 billion build through hotel occupancy taxes generated in Clark County. Davis has pledged $500 million, and Adelson had originally committed $650 million in what observers that are many a ‘legacy project’ for the Venetian and Palazzo owner.

Details of Bank of America’s involvement weren Continue reading “Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson”

Connecticut AG Casts Doubt on Satellite Casino Proposal

Connecticut AG Casts Doubt on Satellite Casino Proposal

Connecticut Attorney General George Jepsen is offering no false assurances about their state’s appropriate right to authorize a ‘satellite casino’ 13 miles from the MGM Springfield in Massachusetts.

The issues that are legal the proposal are complex and uncertain, he said in a letter to Governor Dannel Malloy.

Connecticut AG George Jepsen is uncertain that the casino project designed to blunt competition from the MGM Springfield could survive future constitutional legal challenges.

MGM Resorts has attempted to sue Connecticut over the enactment of its ‘Special Act 15-7,’ which established the procedure that allowed hawaii’s two tribal gaming operators to find a host municipality for the border casino that is proposed.

Because this would be a commercial casino situated outside tribal lands, the MGM lawsuit claimed the the Special Act was in violation of equal protection guarantees and the commerce clause, enshrined in the United States Constitution.

Really, had Connecticut really desired to establish a commercial casino it needs opened the procedure up to all commercial operators and not simply its two federally recognized tribes, the Mohegans and the Mashantucket Pequots.

Constitutionally Questionable

Connecticut has made little secret of this fact the main purpose of the casino would be to deflect competition through the MGM Springfield to counteract the detrimental effect that would have on its own casino industry.

The Mo Continue reading “Connecticut AG Casts Doubt on Satellite Casino Proposal”

North Dakota ‘Historic Racing’ Machine Bill Poses Threat to State’s Charitable Gambling Industry

North Dakota ‘Historic Racing’ Machine Bill Poses Threat to State’s Charitable Gambling Industry

North Dakota’s intends to expand gambling by creating up to six state-owned gambling enterprises have actually been grabbing the headlines in the news that is local as a result of the probable impact on tribal and charitable gaming operators.

‘Instant racing’ uses principles of parimutuel betting, but has faced appropriate challenges in the handful of states where it’s been introduced as being, the truth is, a slot machine that is glorified.

However now a bill that is under-the-radar spotted by local radio host Mike McFeeley this week, poses a second threat to your 300-odd charitable gambling locations in bars and clubs over the state.

Senate Bill 2221 would authorize ‘historic racing’ or ‘instant racing’ machines at up to ten locations in the Peace Garden State. These machines allow gamblers to put bets on races that have now been run.

Video footage of races from around the global world are kept, and a race is played at random as soon as bets have been put. The names associated with the horses and dates and areas associated with races, are, of course, concealed through the bettor.

Slot or Not?

Fundamentally, the machines are designed to simulate a trip to the races for the bettor that is happy-go-lucky but there’s also another, less apparent reason behind their presence. Because these events are classed as parimutuel betting, with multiple players causing a pool, they’re Continue reading “North Dakota ‘Historic Racing’ Machine Bill Poses Threat to State’s Charitable Gambling Industry”

Maryland Live Back on the Top After Using Wind Out of MGM Nationwide Harbor’s Sails

Maryland Live Back on the Top After Using Wind Out of MGM Nationwide Harbor’s Sails

Maryland Live is once again the casino that is top hawaii after the Arundel Mills resort generated more gaming revenue during the month of February than its new rival MGM nationwide Harbor.

Maryland Live, billed as the family friendly casino when compared with MGM National Harbor, saw the gambling money that is most come through its doors during February.

Collectively, hawaii’s six gambling enterprises pulled in $128.7 million in gross gaming win, Maryland’s second-best all-time performance. The record mark came in December after the opening that is grand of Harbor led to a win of $133.5 million.

Maryland Live’s revenue totaled $46.29 million last month, narrowly edging MGM’s property that sits simply outside Washington, DC, at $45.77 million. The two casinos represented the lion’s share of gaming earnings, with Horseshoe Baltimore coming in a distant third with $22 million.

Three smaller regional gambling facilities, Hollywood Casino Perryville, Rocky Gap Casino Resort, while the Casino at Ocean Downs, posted a combined $14.6 million.

The Cordish Companies, the parent organization of Live that is headquartered in Maryland, credited its ‘family approach’ for the home retaking the top spot. The group also says being locally owned allows it to provide a better experience to customers, in what’s certainly a slight jab at MGM in a statement.

Mixed Results

The February gambling report represents a Continue reading “Maryland Live Back on the Top After Using Wind Out of MGM Nationwide Harbor’s Sails”

South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts

South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts

The Southern Carolina casino effort to authorize gambling that is commercial now being supported by possibly the most powerful voice in hawaii, the voters, as being a brand new poll finds that nearly seven in 10 residents supports legalization.

Residents are adopting Southern Carolina casinos, but new Republican Governor Henry McMaster, who replaced Nikki Haley US ambassador to the United Nations, isn’t expected to get behind gambling after she agreed to become.

Conducted by Winthrop University, the poll asked respondents if they would support legislation to allow a limited number of casinos in the state underneath the condition that tax revenue generated from gambling be earmarked to pay for roads and infrastructure. Sixty-eight percent stated they would favor this kind of measure, while only 30 % opposed the concern.

Mandating that cash collected through the gambling be employed for roads and infrastructure substantially raises South Carolina casino support. Whenever tax income would be merely directed to Columbia without any spending stipulation, only 54 percent favored legalization, with 42 percent opposed.

‘ That is literally earth shattering,’ State Rep. Todd Rutherford (D-Richland) told the continuing state newsprint. ‘What South Carolinians stated in this poll is which they are fed up with the Republicans digging into their pockets and taking their tax money whenever there is ano Continue reading “South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts”