Online Casino Edition – Casino News News about online casinos and gambling

November 2, 2011

Bids Received For Maryland Sites

Filed under: Casino — Tags: , — OCE News @ 12:00 am

On Friday Maryland got bids for operating casinos in two separate locations: western Maryland and Baltimore. But, they proved not easy to get ever since the state introduced its slot-machine gambling program about three years ago. The program has had a number of setbacks, but this latest development may mean that it has a full set of operators by 2012.

There are a number of organizations interested in the move, including one group connected to Caesars Entertainment. They will all need to undergo background checks and there is no guarantee that they will be granted a license.

The Chairman of the commission that picks the state’s slots operators, Donald C. Fry, said at a news briefing, “The encouraging thing is it gives us applicants for all five sites.”

Baltimore site

The Baltimore location is to the south of the M&T Bank Stadium. Bids have been submitted by two groups and authorization has been given by the state to build a casino which consists of up to 3,750 machines. But, it will be beaten in size by a casino which is currently being built in Anne Arundal County at an outlet mall.

Only the Caesars affiliated group has come up with the $22.5 million license fee. It was indicated by Fry that the second bidder would probably end up being disqualified.

Rocky Gap site

The smaller casino at Rocky Gap Lodge and Golf Resort in Allegany County has received bids from three applicants. One bidder is Nathan Landow, the former chairman of the Maryland Democratic Party and a Montgomery County developer. At this casino, 1,000 slot machines will be permitted. But, the real number looks set to be more between 200 and 850.

Current casinos

To date, two of the five casinos being built in Maryland have now opened. One is the Hollywood Casino Perryville which contains 1,500 machines and is based in Cecil County. The other is the casino based at Ocean Downs, located next to a Worcester County horse track, which contains 800 machines.

Maryland Live! is set to open in June 2012. It is being constructed in a parking lot based at Arundall Mills mall. According to The Washington Post, Baltimore-based Cordish, the casino’s developer, is currently in the process of asking for funding from the casino’s Chinese investors.

Previous attempts

Due to the limited amount of money available for similar projects, it has been hard for the state to get businesses interested in the Rocky Gap and Baltimore sites. The first round of bidding went ahead in 2009 and only one applicant could be found for the Baltimore location, Baltimore City Entertainment Group. But, the applicant was later rejected due to concerns over whether they could actually afford the project.

The group subsequently filed two lawsuits: one against the decision reached by the panel and the other accusing the process of reverse discrimination.

Despite Fry saying that they could submit a new bid, the group said that they would continue down their legal route and have accused the panel of “mismanagement.”

Debate Heats Up Over Proposed Miami Casinos

Filed under: Casino — Tags: , — OCE News @ 12:00 am

South Florida civil society is dividing into two increasingly polar camps over the introduction of gambling-enabled “destination resorts” in the Miami-Dade and Broward area.

One group is in the favor of the new entrants, hoping their presence will rejuvenate the frozen economy and job market. Others are skeptical about the locals’ chances of getting any significant piece of the profits; not to mention the potential changes to the socio-cultural and business environment in the city. But, neither party can afford to deny the truth of the other’s arguments.

Casinos will Bring in Much Needed Income

There is no denying that things have slowly gotten better for residents in the Miami-Dade and Broward counties, with unemployment levels steadily dropping. But the state’s economy is still a long way away from a healthy, long-term prosperity.

Many of the jobs on offer continue to be seasonal in nature, making recurrent unemployment a potential problem. New job creation measures have failed to take off as expected by state planners and economists. Despite significant drops over the past couple of months, Florida’s unemployment rate (currently 10.6 percent) is still higher than that of the rest of America, which is around 9.1 percent at this point.

It is not surprising then that the Genting Group received such a warm welcome when they announced their plans to build three major gambling sites in South Florida in an effort to make it the new gaming mecca for well-heeled gambling enthusiasts from Europe and Latin America.

The proposed “destination resorts” (as the Genting Group lobbyists are billing these huge casinos) are going to be colossal in nature – mini-cities capable of catering to hundreds of thousands of well-to-do gaming enthusiasts and their families.

According to Genting’s America’s president Colin Au and the two representatives planning on sponsoring an omnibus pro-gambling bill in the 2012 session of the Florida Senate: Fort Lauderdale senator Ellyn Bogdanoff and Miami representative Erik Fressen, the millions of dollars worth projects will help put the stagnant economy back on track while, at the same time, creating more than 100,000 permanent new jobs for locals.

Locals Remain Skeptical

Despite the fabulous promises, and some massive PR work by lobbyists, they are likely to have a tough time pushing through the proposed project. Florida civil society has a definite anti-gambling record, having thrice rejected various pro-gambling bills. Also, a significant and powerful portion of the local population is already organizing against the planned development.

Key members of the opposition include the Florida Chamber of Commerce, Orlando’s attractions, the Florida Restaurant and Lodging Association, and the No Casinos group (that has started reforming in response to the bill). They cite solid reasons for being wary of the bill, including the chance of mega-casinos ruining Miami’s growing status as an international business center. They point out that despite the thriving tourist trade, only 11 percent of the population in Miami works in the hospitality industry. The rest of the area’s population may well experience job loss if hotels and resorts overtake other businesses in the city’s economy.

In short, battle lines are drawn in the Sunshine state as pro- and anti-gambling groups prepare to duke it out in early 2012.

« Newer Posts

Powered by WordPress