Brand New Bedford Casino Developer Meets Latest Application Deadline

Brand New Bedford Casino Developer Meets Latest Application Deadline

Brand New York-based designer KG Urban, which can be behind the task for the $650-million casino regarding the Brand New Bedford waterfront, announced on Tuesday that it had met the latest application due date expansion and had filed the required financial terms sheet.

Andrew Paven, a spokesman for the business, wrote in a declaration that KG Urban had inked an understanding with Gaming and Leisure Properties Inc. (GLPI), a pennsylvania-based estate investment trust that is real. The signed term sheet between the two entities was submitted to your Massachusetts Gaming Commission at 2 pm on Tuesday.

GLPI is to back financially KG Urban’s task for the establishment of a casino and hotel center on the brand New Bedford waterfront. The $650-million property is to be situated on the site of a former NSTAR power plant.

The Massachusetts Gaming Commission has extended the application due date four times within the last five months. A spokeswoman for the regulator, confirmed that it had received the necessary documentation on Tuesday, Elaine Driscoll. The word sheet is being analyzed by the payment’s Investigations and Enforcement Bureau.

The Bureau can be likely to offer overall information on the licensing process for Southeastern Massachusetts or area C, since it is generally described, during the state regulator’s next general public meeting, that is to take place on Thursday, June 11.

The offer with GLPI is yet another hurdle KG Urban were able to overcome. But, the company now has to complete specific application materials and also to register those later this summer time or early in the fall. Additionally, a vote that is citywide to take place on June 23 and the project needs to be supported by New Bedford residents to be finished.

Jon Mitchell, Mayor of brand New Bedford, commented regarding the latest announcements as a positive action for the multimillion undertaking. The official also promised that he will support KG Urban to enable the resort and casino home become launched.

A few general public discussion boards are held in brand New Bedford into the days ahead of the vote that is citywide. Hence, residents is going to be given the chance to voice their viewpoint on the casino proposal.

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

Aside from a casino in Southeastern Massachusetts, the Massachusetts Gaming Commission granted two more casino licenses and one for the operation of the slot parlor.

MGM Resorts is currently building a $800-million hotel and casino in Springfield, that will be expected to start doors sometime in 2017. In addition, Wynn Resorts is in charge of a $1.75-billion task into 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, is to have its opening that is official on 24. The property will feature 1,250 slots, with some of those offering games that are multiplayer.

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

NetEnt Signs First United States cope with and Borgata

Swedish online gaming solutions provider NetEnt announced that it had signed the first United States agreement for the supply of its multichannel casino games to New Jersey’s and Borgata brands.

At the moment, runs New Jersey’s video gaming platform, giving support to the Borgata Poker and Casino plus the PartyPoker brands.

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

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

Because the executive himself noted, the 3 events are now actually susceptible to an approval through the state gaming regulator and are working together to effectively integrate NetEnt’s content and launch it as part of the gaming platform that is above-mentioned.

Jeffrey Haas, Group Director and Director of Poker at, commented it is their priority that is top to perfect items with their New Jersey clients. In accordance with him, the integration of NetEnt content is still another step towards fulfilling this goal.

Steve Nathan, Vice President of Marketing for Borgata, stated they chosen NetEnt’s products, as these were impressed by the supplier’s performance on the European regulated markets. Mr. Nathan additionally added that they’re anticipating introducing 1st set of multichannel casino games and thus, supplying unique gaming experience to their customers.

The contract with and Borgata had not been alone the Swedish company has inked because the start of 2015. In March, NetEnt announced its partnership with Spanish gambling operator Codere.

In April, the gaming supplier had been awarded both operating and software licenses by great britain Gambling Commission. Also, NetEnt finalized a partnership handle Danish gaming that is government-owned Danske Spil. And week that is last an amount of NetEnt’s online casino games went reside in Spain with operators such as for example 888, Paf and Premiere Megaplex, because the nation’s Directorate General for the Regulation of Gambling granted the organization two video gaming licenses.