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06
Mar
Alabama Senate Committee Approves Gambling Expansion

Alabama Senate Committee Approves Gambling Expansion

Del Marsh believes gambling revenues would be the best way to balance Alabama’s budget.

An Alabama casino gambling bill narrowly passed through committee week that is last giving the legislation the chance to be heard by the full State Senate.

The bill, known as SB 453, passed through the Tourism and Marketing Committee by a five to three vote on Thursday.

The bill is built to help produce new revenue for the state in two ways.

First, it might develop a state lottery that could be regulated by the Alabama Lottery and Gaming Commission.

Bill Would Allow for Four Casinos

Perhaps more dramatically, that commission would also be charged with overseeing the development of casino gambling in the state.

Such operations will be allowed at four horse racing tracks through the state, the time that is first games like slots, blackjack, and other dining table games is permitted in the state.

The bill, which would amend their state constitution, was introduced earlier this by Senate President Del Marsh (R-Anniston) month. He said that because of the continuing state needing an influx of revenue, he would rather see that money come through legalized gambling than with a tax increase.

‘This is a large bit of legislation, a very piece that is controversial’ Marsh said at a general public hearing in the bill held Tuesday. ‘But I think it’s an option that will be put there as an alternative to simply help take to to resolve some associated with the spending plan problems in this state.’

Many Miss Electronic Bingo Casinos

During those hearings, there was impassioned testimony from all sides of this problem. Many individuals spoke of attempting to see the return of video gaming to facilities that once had it, before alleged electronic bingo casinos were closed down in the state following an Alabama Supreme Court ruling last year.

‘I’ve seen good hardworking individuals doing without, getting close to hungry,’ stated Macon County hardware shop owner Brent Thomas, who said that his area have been hurt tremendously by the closure associated with the VictoryLand bingo casino.

Meanwhile, others argued against any video gaming expansion, saying that all the money that the continuing state made from the games would be coming from the poor.

‘It is just a income tax,’ said Joe Godfrey, executive director for the Alabama Citizens Action Project. ‘It’s a tax on the poor. It preys on the social people who can least afford to pay it.’

Indigenous American Casinos Active in State

Still others remarked that there had been gaming in the continuing state, due to the fact Poarch Band of Creek Indians currently operate three casinos with electronic bingo machines in Alabama.

That, Marsh said, suggested the choice wasn’t between having gambling or otherwise not, but rather whether the state would gather revenue from the gambling that was occurring.

As for the Poarch Band, they say that the bill that is newn’t contain sufficient rules about exactly what would be allowed at the race tracks where gambling would be allowed, which may keep loopholes that operators will attempt to exploit.

‘It’s like handing your teenager a credit card without any rules attached and then being surprised when a bill is got by you that looks like the Alabama budget deficit,’ said Robert McGhee, treasurer of the Poarch Band of Creek Indians Tribal Council. ‘It’s a backwards thinking that opens the door to practices that are potentially irresponsible is hard to rein in after the fact.’

The bill would enable for casino gambling at battle songs in Birmingham, Macon, Mobile and Greene County. Proponents say that gambling expansion could create over $400 million in new income and 11,000 jobs for their state.

So as to approve a noticeable change to their state constitution to permit for gambling, three-fifths of the legislature would have to back the bill, as would a bulk of voters in a state referendum.

New Form Of Connecticut Casino Bill To See Voting This Week

The Mohegan Sun is one of two casinos in Connecticut wary of the latest competition from Massachusetts and New York. (Image: MoheganSun.com)

Connecticut desperately wants to find a solution to battle straight back from the casino that is coming in Massachusetts and New York.

This it seems as though the state Senate will consider a bill that would do just that week.

A brand new version of a Connecticut casino bill is slated to be voted on by their state’s Senate, and will allow the state’s two casino operating Indian tribes to develop a new resort to go along side the two they already run.

The bill appears to be much shorter than in earlier variations: rather than a bill that is 16-page was formerly under consideration, The Hartford Courant says that the working draft of this brand new legislation is merely 75 pages long, or around three pages.

First Version Allowed for Three Gambling Enterprises

In earlier incarnations of proposed casino legislation, Connecticut might have allowed for as many as three new casinos to be operated by the Mashantucket Pequot and Mohegan tribes, which operate Foxwoods and Mohegan Sun, respectively. In the version that is newest, only one extra casino would be permitted.

That new casino could potentially be built any place in the state, and the bill outlines a procedure that would permit the two tribes to talk to towns interested in making proposals to host the facility.

However, it would be located someplace in the I-91 corridor north of Hartford, where it could potentially limit the loss in gambling revenue that might be due to the MGM that is upcoming Springfield Massachusetts.

There have currently been several towns in that area that have expressed an interest in attracting a casino. Possible suitors could include East Windsor and East Hartford, among others.

Massachusetts Casinos Could Eat Into Revenue

Both Mohegan Sun and Foxwoods are gravely concerned about the potential impact of this Massachusetts casinos, which in turn concerns lawmakers, as the state shares in the video slot revenue at both resorts.

The state made as much as $430 million from that compact in 2007; that number fell to just under $280 million in 2014, and some projections have that total falling to as low as $189 million in 2018 at one point.

Under the new form of the bill, final authorization for the new casino would occur until 2016, as the typical Assembly would need to approve any deal which was made between the tribes and a town or city.

‘It became clear it had to be much more of a two-step procedure,’ Senate Majority Leader Bob Duff (D-Norwalk) told the Connecticut Mirror. ‘It could not be done in one single bill.’

Tribal leaders appears pleased because of the new bill, also they may have hoped for if it doesn’t provide the immediate impact.

‘ Our goal from the outset is to protect the 9,300 jobs and income that will be lost to competition on Connecticut’s borders, and now we think this bill, if approved, will supply the Mohegan and Mashantucket Pequot Tribes the capacity to begin to take action to do so,’ said Patty McQueen, a spokesperson for the two tribes.

However, it’s additionally possible that there might be many questions that are legal hang over the legislation, a prospect that Connecticut Attorney General George Jepsen raised earlier this 12 months. The bill even appears to anticipate the chance for legal challenges, stating in one part that if a court ‘holds any provision with this section unconstitutional, the remaining provisions of the section shall be inoperative and have now no effect.’

Deutsche Bank Report Says New Jersey Should Open Casinos Beyond Atlantic City

The Meadowlands could be home to a casino if nj-new jersey allows gambling outside of Atlantic City. (Image: John Munson/The Star-Ledger)

New Jersey has toyed with the notion of opening a casino in the northern part associated with the state, a move that would mark the time that is first in the state had spread beyond Atlantic City.

That effort might get more help adhering to a report by Deutsche Bank that says this type of casino could possibly be precisely what New Jersey needs.

Deutsche Bank analyst Andrew Zarnett filed a report last week that took a standard look during the nj-new Jersey gaming industry, and found that it will be in the state’s interest that is best to build at least one casino in northern New Jersey, perhaps at the Meadowlands.

‘We believe that one or two casinos in north Jersey could generate well over $500 million, putting ~$275 million into hawaii’s coffers and therefore is a smart move for the state,’ Zarnett wrote. ‘It’s good from a position that is budgetary also for Atlantic City, as long as some of those tax revenues go back once again to that market.’

Talk of Brand New Casino Intensifies

The topic of putting a casino at the Meadowlands or elsewhere in north New Jersey heated up a year ago, as some lawmakers seemed forward to potentially broaching the issue at the conclusion of 2015 or in 2016.

In February 2011, Governor Chris Christie put an unofficial five-year hold on tight such speaks as a way to give the city’s gaming industry time to enhance with no pressure of some other local casino potentially cannibalizing the market.

In specific, Senate President Stephen Sweeney (D-Gloucester) said last year that it may be possible to carry a statewide referendum on building new gambling enterprises elsewhere in their state in November 2015. Zarnett spoke to this possibility in his report.

‘It is our belief that the ballot question to allow gaming outside of Atlantic City could come this November 15,’ he composed.

Voter Turnout Concerns

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However, supporters of such a move may never be seeking to hold the vote so soon. In accordance with Sweeney, the expected lower voter turnout in a year that is off elections could harm the measure, as voters from Atlantic City and nearby areas may be more motivated to turn out and vote against it than voters from the northern area of the state are to support it.

That could mean holding the vote off until November 2016, whenever a presidential election will guarantee a high percentage of New Jersey adults head to your polls. But other individuals who are in favor of the casino expansion nevertheless wish to visit a vote this present year.

‘ We have to accomplish it now, so we don’t fall even further and further behind other states,’ stated State Senator Ray Lesniak (D-Union County). ‘Atlantic City will continue to drop, and racing will continue to decrease. This might well be our last opportunity.’

Deutsche Bank Expects More Closures

The Deutsche Bank report also painted an outlook that is grim Atlantic City’s gambling enterprises, projecting that video gaming revenues in the city would fall to about $1.8 billion in 2017 due to increased gaming options in surrounding states. That could suggest further casino closures in the a long time.

‘ We would expect Taj Mahal as well as a 2nd Boardwalk casino to join the list of shuttered properties in the exterior years,’ Zarnett composed.

The report’s conclusion is straightforward, and one which supporters of a north Jersey casino will be delighted to quote.

‘In summation, it’s the perfect time for New Jersey to push forward with plans for a North Jersey casino or casinos,’ Zarnett wrote. ‘And as such, we believe that the step that is next a constitutional referendum this November providing approval for gaming outside of Atlantic City.’





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