Archive for the ‘Lightning Link Slot App’ Category

Massachusetts Casino Repeal Question Approved by Court

Tuesday, March 3rd, 2020

Massachusetts Casino Repeal Question Approved by Court

Massachusetts State Attorney General Martha Coakley opposed the repeal concern, but says she welcomes allowing the voters to really have a voice in the problem. (Image: Boston Globe)

In Massachusetts, casino companies have actually faced a number of battles to be able to build resorts in the state. There have been town-by-town campaigns to win over local communities, as well as in the actual situation of the higher Boston area, a tough competition for just one license. Now, operators will need yet another challenge ahead of them before they can sleep effortless: a statewide repeal vote that could end casino gambling in Massachusetts before it starts.

The Massachusetts Supreme Judicial Court ruled that voters will be able to see the casino law repeal question on a November ballot, potentially rolling back a 2011 law that legalized casinos in the state tuesday. That move leaves potential casino operators in an awkward position, whether they can actually do anything with them as they may receive licenses, but not know until later this year.

Unanimous Decision Puts Question on Ballot

The court reached their decision unanimously, pointing out that supporters of the repeal had succeeded in gathering more than enough signatures to put the relevant question on the ballot. The effort was indeed compared by Massachusetts Attorney General Martha Coakley, now a Democratic candidate for governor, whom rejected issue last year becau (more…)

Wynn Recommends Changes to Massachusetts Gaming Laws

Tuesday, March 3rd, 2020

Wynn Recommends Changes to Massachusetts Gaming Laws

Steve Wynn wishes Massachusetts to make some gaming law changes (Image: Nancy Lane/Boston Herald)

Steve Wynn still possesses battle on his hands in terms of finding a casino license for his proposed casino in Massachusetts, but which includesn’t stopped him from commenting on what their state have to do along with its current gaming laws. Wynn has suggested changes that are several their state’s gaming laws, including the one that would benefit players greatly if it were passed.

Gaming Law 2.0

The suggestions from Wynn came throughout a visit to Boston a couple of weeks ago, whenever a meeting was had by him with lawmakers about parts of the gaming law that may be revisited. Possibly the most pressing one had to do with just how gambling winnings were become taxed more specifically, the amounts over which casinos by themselves would need certainly to collect taxation before gamblers even left the building.

During the moment, Massachusetts law asks casinos to force gamblers to cover state income tax on any winnings over $600 before they leave the casino. The idea is not unique: most states with casino or racetrack gambling have limit over which taxation must immediately be collected, and also Native American-operated casinos usually do so for larger wins.

But the $600 threshold has become the cheapest in the nation, beating out Iowa’s $1,000 standard and the $5,000 found in other states (the same standard the fede (more…)

UK Health Survey Shows Young Males Most at Risk for Problem Gambling

Monday, March 2nd, 2020

UK Health Survey Shows Young Males Most at Risk for Problem Gambling

While many Brits don’t consider buying a lottery ticket to be ‘gambling,’ well over 60 % have participated (Image: BBC)

One in 20 British males between the many years of 16 to 24 is classified as either a moderate risk or an issue gambler, showing that teenagers are particularly vulnerable to gambling addiction issues, in line with the UK’s Health and Social Care Information Centre (HSCIC).

Brits Like to Gamble

The findings of a study that is recent the organization undertaken as part of a national public health study by the HSCIC summarized gambling as a ‘majority’ pursuit in britain and showed that 68 per cent of males and 61 percent of women had gambled one or more times in the last 12 months.

The findings have shown that those most likely to have a little gamble here and there are those aged between 24 and 75 years old on the whole.

However, the research also shows this 1 in six teenage boys in the UK population reported one or more of problem gambling last year, and more than one in ten men through the age bracket that is youngest said they might chase their losses through wagering more cash.

‘The increased levels of gambling engagement among young men features them as a particular group who may be at risk of experiencing of gambling-related damage,’ noted the report.

Of the involved, a further one in 20 admitted feelings of shame about their gambling habits, and many also said they gambled signi (more…)

Schenectady Endorses Casino Proposal in Ny State

Monday, March 2nd, 2020

Schenectady Endorses Casino Proposal in Ny State

The town of Schenectady, New York has authorized a casino proposition regarding the Mohawk River. (Image: John Carl D’Annibale, Times Union)

There’s still a way that is long go before anyone develops A new York casino, and there are lots of competitors still seeking to grab one of four upstate licenses. But one project has earned an approval that is major will move it at least one space further down the long road to success.

David Buicko as well as the Galesi Group received an endorsement from the Schenectady City Council for their proposed casino as part of the Mohawk Harbor task. That regional government approval ended up being required for the developer to be considered for a license from hawaii.

Casino Just Role of Development Plan

The Galesi-backed project wouldn’t be just a casino, but a complete redevelopment of the mile-long stretch of land along the Mohawk River. That area was once home to factories belonging to American Locomotive, and will be developed to add domestic and retail areas, along with a new harbor.

But there’s additionally a casino within the plan. Buicko has partnered with Chicago firm Rush Street Gaming to incorporate a gambling hall to his proposal, and hopes that the general development package enables them to earn a casino license.

‘we have been talking about a $450 million investment in the town of Schenectady,’ said councilman John Mootooveren. ‘ We need to take the risks in Schenectady a (more…)

Revel Casino in Atlantic City Files for Second Bankruptcy

Monday, March 2nd, 2020

Revel Casino in Atlantic City Files for Second Bankruptcy

Despite offering luxurious rooms and marketing that is several, Atlantic City’s Revel Casino in New Jersey has failed to show a profit. (Image: cntraveler.com)

If the Revel Casino Hotel exposed in Atlantic City in 2012, the city saw it as the start of a new age for the gambling industry that is local. Now, it appears as if the resort may decrease as certainly one of the largest failures in American video gaming history.

The Revel Entertainment Group has filed for security from the creditors in a bankruptcy that is federal, and has put the property up for auction in an attempt to sell the casino before it is forced to shut. According to Revel, that closure could happen in only a small amount as two months if your sale doesn’t proceed through. That will come as a blow that is huge the town, since well as the 3,140 employees that work at the Revel.

Little Value in Struggling Casino

Ownership says that they will have obtained a $125 million loan that will ensure the venue can stay open until a customer is discovered. But they aren’t anticipating to have much of a return on their investment: for a casino that cost $2.4 billion to accomplish just two years ago, quotes now have actually the property valued at less than $300 million. Some also believe that the true value could be less than $100 million, because it will likely be years before the location has a chance to turn a revenue.

‘ We shall work to achieve an agree (more…)