Brand New Bedford Casino Developer Meets Latest Application Deadline

Brand New Bedford Casino Developer Meets Latest Application Deadline

New York-based developer KG Urban, that is behind the task for the $650-million casino regarding the Brand New Bedford waterfront, established on Tuesday that it had met the application deadline extension that is latest and had filed the necessary monetary terms sheet.

Andrew Paven, a spokesman for the company, penned in a statement that KG Urban had inked an understanding with Gaming and Leisure Properties Inc. (GLPI), A pennsylvania-based owning a home trust. The finalized term sheet involving the two entities was submitted towards the Massachusetts Gaming Commission at 2 pm on Tuesday.

GLPI is to back financially KG Urban’s project for the establishment of the casino and hotel facility in the New Bedford waterfront. The $650-million property will be situated on the site of a previous NSTAR energy plant.

The Massachusetts Gaming Commission has extended the application form due date four times over the past five months. On Tuesday, Elaine Driscoll, a spokeswoman for the regulator, confirmed that it had received the required paperwork. The word sheet is currently being examined by the commission’s Investigations and Enforcement Bureau.

The Bureau is also likely to provide general information on the certification process for Southeastern Massachusetts or Region C, as it is usually referred to, through the state regulator’s next public conference, which will be to take place on Thursday, June 11.

The deal with GLPI is yet another hurdle KG Urban managed to overcome. But, the business now needs to finish certain application materials and to register those late this summer time or early in the fall. Moreover, a vote that is citywide to occur on June 23 therefore the project has to be supported by brand New Bedford residents to be completed.

Jon Mitchell, Mayor of brand New Bedford, commented in the latest announcements as a step that is positive the multimillion undertaking. The state also promised that he can support KG Urban in order for the casino and hotel home to be launched.

A few general public forums will be held in New Bedford within the weeks ahead of the citywide vote. Therefore, residents is going to be provided the opportunity to voice their opinion on the casino proposition.

KG Urban competes with Mass Gaming & Entertainment for the only Region C casino license. The company that is latter the construction of a $650-million casino resort in the Brockton Fairgrounds. Residents of this city had the opportunity to vote on the project May 12 and approved it narrowly.

Apart from lightning link slot machine a casino in Southeastern Massachusetts, the Massachusetts Gaming Commission granted two more casino licenses and another for the operation of a slot parlor.

MGM Resorts is currently building a $800-million resort and casino in Springfield, which will be anticipated to open doorways sometime in 2017. In addition, Wynn Resorts is in charge of a $1.75-billion project in the Boston area. Wynn Everett, too, is expected to welcome its visitors that are first 2017.

Plainridge Park Casino in Plainville, hawaii’s only slot parlor, would be to have its opening that is official on 24. The property will feature 1,250 slots, with a few of those providing games that are multiplayer.

Hawaii Gaming Commission is expected to announce its decision on which of this two tasks for a casino in Southeastern Massachusetts will sometime be backed this autumn.

NetEnt Signs First United States Deal with bwin.party and Borgata

Swedish online gaming solutions provider NetEnt announced that it had signed the first US contract for the supply of its multichannel casino games to nj-new Jersey’s bwin.party and Borgata brands.

At present, bwin.party runs New Jersey’s gaming platform, supporting the Borgata Poker and Casino therefore the PartyPoker brands.

As previously announced, NetEnt had requested a temporary video gaming license through the nj-new Jersey Division of Gaming Enforcement, in order to be able to provide its content on the territory associated with state. The gaming regulator is currently reviewing the application form and is anticipated to announce whether the internet casino supplier will get a full running license.

The Managing Director of NetEnt Americas LLC, Björn Krantz, commented they are exceedingly happy that bwin.party and Borgata have actually chosen their multichannel desktop and products that are mobile. Mr. Krantz additionally remarked that NetEnt is completely in a position to offer the two operators in their strategy to offer customers using the most useful feasible experience.

Whilst the executive himself noted, the 3 events are actually at the mercy of an approval from the state gaming regulator and are also working together to successfully incorporate NetEnt’s content and launch it within the above-mentioned video gaming platform.

Jeffrey Haas, Group Director and Director of Poker at bwin.party, commented that it is their top priority to deliver perfect items for their nj-new Jersey clients. According to him, the integration of NetEnt content is yet another step towards fulfilling this objective.

Steve Nathan, Vice President of advertising for Borgata, said that they plumped for NetEnt’s services and products, as they were impressed by the provider’s performance on the European regulated markets. Mr. Nathan additionally included that they’re getting excited about starting the initial group of multichannel casino games and thus, supplying unique gaming experience to their customers.

The agreement with bwin.party and Borgata wasn’t alone the Swedish company has inked considering that the beginning of 2015. In March, NetEnt announced Spanish gambling operator Codere to its partnership.

In April, the gaming supplier had been granted both operating and software licenses by the UK Gambling Commission. Also, NetEnt signed a partnership handle Danish gaming that is government-owned Danske Spil. And last week, a quantity of NetEnt’s online casino games went live in Spain with operators such as 888, Paf and Premiere Megaplex, due to the fact country’s Directorate General for the Regulation of Gambling granted the business two gaming licenses.