{"id":12433,"date":"2014-01-10T11:11:11","date_gmt":"2014-01-10T19:11:11","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12433"},"modified":"2022-01-13T09:48:34","modified_gmt":"2022-01-13T17:48:34","slug":"genting-we-bombed-in-miami-jockeying-for-position-in-massachusetts","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/genting-we-bombed-in-miami-jockeying-for-position-in-massachusetts\/","title":{"rendered":"Genting: We bombed in Miami; Jockeying for position in Massachusetts"},"content":{"rendered":"

\"Genting<\/a>It took almost no time at all for Genting Group’<\/strong>s latest Miami proposal to draw heavy political criticism. State Sen. Gwen Margolis<\/strong> (D), who represents the area, thinks a slot parlor is too downscale for the neighborhood. She also points out that essentially lending Gulfstream Park<\/strong>‘s parimutuel license to Genting in order to get around current limitations on casino expansion imperils the state’s revenue-sharing arrangement with the Seminole Tribe<\/strong>. The reliability of that Seminole welfare stream ought to keep lawmakers happy for a good long while. As for Genting, the consensus seems to be that this will be its third — and last<\/a> — attempt to breach the Florida<\/strong> market.<\/p>\n

Up in Massachusetts<\/strong>, just when it looked like Mohegan Sun<\/strong> was the sensible casino developer it proposed this turkey: a nonsensical proposal to narrow traffic<\/a> heading into the Ted Williams Tunnel<\/strong> to a single lane. Considering that Mohegan Sun’s Suffolk Downs<\/strong> racino is supposed to increase traffic, you’ve got to wonder what’s in the drinking water at Mohegan Tribal Gaming Authority<\/strong>.\u00a0East Boston<\/strong> City Councilor Sal LaMattina<\/strong> calls the proposed constriction of “the Ted” “ridiculous” and, from the looks of it, we have to agree.<\/p>\n

\"Walsh\"<\/a>Boston<\/strong> Mayor Martin J. Walsh<\/strong>, meanwhile, is extending a covetous hand<\/a> toward both Suffolk Downs and Wynn Everett<\/strong>, insisting that Boston is a “host community” for both. Walsh’s endgame isn’t to kill either project but to get as many benjamins for Boston as he can. Mohegan Sun bought itself some time by laying a chaotic document dump on Beantown at the last possible moment. That’s a good way to keep Walsh at arm’s length.\u00a0In the meantime, we have have gotten the most ludicrous “surrounding community” supplication yet. Out west, Northampton<\/strong> has filed for a piece of the MGM Springfield<\/strong> action — despite being 20 miles away<\/a>! Since Northampton doesn’t have proximity in its favor, it is going to cite the “likely to experience impacts” clause for defining a surrounding community.<\/p>\n

Northampton officials complain that MGM has blown them off. That’s a different tune than the one being sung<\/a> in surrounding community West Springfield<\/strong>. There, city fathers are “impressed” with MGM’s “solid grasp” of economic-impact issues.<\/p>\n

While the Massachusetts Gaming Commission<\/strong> struggles with over 30,000 pages of supporting documentation from Mohegan Sun and Wynn \"steve-wynn-1\"<\/a><\/strong>Resorts<\/strong>, both companies may be reaping not-so-hidden benefits from the regulatory process. Wynn got a markdown on his desired land after ties between its ownership and organized crime were uncovered<\/a>. And Suffolk Downs has been able to transfer the cost of building its $1 billion racino to Mohegan Sun — as opposed to lugging Caesars Entertainment<\/strong> around as a penurious minority investor: a name, a database and a measly 4% equity contribution. (And yes, Suffolk Downs will<\/em> be cannibalizing some of the paddock.)<\/p>\n

Meet the new boss<\/strong>. When Penn National Gaming<\/strong> cloned itself as Gaming & Leisure Properties<\/strong>, it bumped Tim Wilmott<\/strong> up to CEO of GLPI. That means that Jay Snowden<\/strong> is now point man at Penn National<\/a>, where he has been named COO. A veteran of regional operations for Penn and Caesars, Snowden looks at first glance like the man for the job.<\/p>\n","protected":false},"excerpt":{"rendered":"

It took almost no time at all for Genting Group’s latest Miami proposal to draw heavy political criticism. State Sen. Gwen Margolis (D), who represents the area, thinks a slot parlor is too downscale for the neighborhood. She also points … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[120,7,112,11,167,69,33,111,32,100],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12433"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=12433"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12433\/revisions"}],"predecessor-version":[{"id":30593,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12433\/revisions\/30593"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}