A tragic saga for the Concord Resort Hotel could have a belated, sort-of happy ending. Empire Resorts and EPR Properties want to build a new, casino-based resort — called Adelaar — on the site. Empire is a stalking horse for Genting Group, which explains the megaresort budget of $750 million. Beyond gambling — 2,150 slots and 32 tables — Adelaar (Dutch for “Eagle”) would offer “an entertainment hall, spa and shops, as well as an 18-hole golf course and family resort featuring a conference center, an indoor water park and an outdoor adventure park … Plans call for several hotels, a snow tube run, zip lines and a mountain coaster.” And they say they could get started within a month of approval. That’s because they’ve already been working on pulling permits.
According to the New York Times, Empire and EPR are moving quickly, to try and thwart Cordish Gaming and Penn National Gaming, both of whom Continued >>
Visualize Foxwoods Resort Casino. Now plunk it down in the middle of Chicago. That’s essentially what state Rep. Robert Rita (D) proposes to do, pitching a 4,000-10,000-position casino for the Windy City. He also would have the State of Illinois get into the casino business by owning the Chicago mega-casino directly. That’s a nice, little “eff you” to all those struggling, private-sector gaming operators in the Land of Lincoln, isn’t it? Rita’s proposal is certain to bump into opposition from Gov. Pat Quinn (D), who wants to see all new casino tax dollars dedicated toward education, whereas Rita wants some of the theoretical wealth put into construction projects.
“It’s not the big, giant gaming expansion,” Rita claimed, although his alternate piece of legislation looks mighty expansive from here: a slightly smaller casino (6,000 gambling positions) in Chicago, four outstate casinos and an unspecified number of racinos. Rockford and Danville would no longer be assured casinos of their own. The quota of slots per racino has also been Continued >>
Wasting no time, the New York State Gaming Commission appointed three experienced public servants to the Resort Gaming Facility Location Board and gave them a June deadline to accept bids. That’s light speed compared to Massachusetts. It also overshadowed something that ought to dampen the ardor of Gov. Andrew Cuomo (D) and others. According to a study by Phoenix Marketing, gamblers in New York State have the lowest daily spend of any in the Mid-Atlantic region. The big spenders still head to Atlantic City.
Borgata ($478), Trump Taj Mahal ($450) and Golden Nugget Atlantic City ($444) headed the list, while the bottom five were all New York State properties. (Only players’ club members qualified for inclusion in the survey.) They were: Continued >>