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 will be behind the project for a $650-million casino regarding the New Bedford waterfront, announced on Tuesday that it had met the application deadline extension that is latest and had filed the required monetary terms sheet.

Andrew Paven, a spokesman for the organization, had written in a statement that KG Urban had inked an agreement with Gaming and Leisure characteristics Inc. (GLPI), a pennsylvania-based estate investment trust that is real. The signed term sheet involving the two entities was submitted towards the Massachusetts Gaming Commission at 2 pm on Tuesday.

GLPI is to straight back economically KG Urban’s project for the establishment of a casino and hotel center on the brand New Bedford waterfront. The $650-million home is to be on the web site of a NSTAR power plant that is former.

The Massachusetts Gaming Commission has extended the applying due date four times within the last five months. On Tuesday, Elaine Driscoll, a spokeswoman for the regulator, confirmed that it had received the mandatory documents. The definition of sheet is being examined by the commission’s Investigations and Enforcement Bureau.

The Bureau can also be anticipated to offer information that is overallg>on the licensing process for Southeastern Massachusetts or Region C, because it is usually described, through the state regulator’s next public meeting, that will be to occur on Thursday, June 11.

The offer with GLPI is still another hurdle KG Urban been able to overcome. Nevertheless, the business now has to finish application that is certain and to file those late this summer time or early in the autumn. Moreover, a vote that is citywide to happen on June 23 plus the task needs to be supported by brand New Bedford residents to become completed.

Jon Mitchell, Mayor of New Bedford, commented on the latest announcements being a step that is positive the multimillion endeavor. The state additionally promised that he can help KG Urban to allow the casino and hotel property to be launched.

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

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

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

MGM Resorts is building a $800-million resort and casino in Springfield, which can be likely to start 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 anticipated to welcome its visitors that are first 2017.

Plainridge Park Casino in Plainville, the state’s only slot parlor, would be to have its opening that is official on 24. The property will feature 1,250 slot machines, with some of these offering games that are multiplayer.

Hawaii Gaming Commission is anticipated to announce its choice on which regarding the two jobs for a casino in Southeastern Massachusetts will sometime be backed this fall.

NetEnt Signs First United States Deal with and Borgata

Swedish gaming that is online provider NetEnt announced that it had signed the first United States agreement for the provision of its multichannel casino games to nj-new Jersey’s and Borgata brands.

At the moment, runs New Jersey’s gaming platform, supporting the Borgata Poker and Casino while the PartyPoker brands.

As formerly announced, NetEnt had requested a gaming that is temporary from the nj-new Jersey Division of Gaming Enforcement, to be in a position to provide its content in the territory regarding the state. The gaming regulator is reviewing the application and it is expected to announce whether the web casino supplier will get a complete running license.

The Managing Director of NetEnt Americas LLC, Björn Krantz, commented that they’re exceedingly pleased that and Borgata have actually chosen their multichannel desktop and mobile products. Mr. Krantz also noticed that NetEnt will be completely able to support the two operators in their strategy to provide clients with all the most useful experience that is possible.

Whilst the administrator himself noted, the 3 parties are now susceptible to an approval through the state gaming regulator and so are working together to effectively integrate NetEnt’s content and launch it within the gaming platform that is above-mentioned.

Jeffrey Haas, Group Director and Director of Poker at, commented that it is their main concern to deliver the best possible services and products with their New Jersey customers. Based on him, the integration of NetEnt content is yet another step towards fulfilling this goal.

Steve Nathan, Vice President of Marketing for Borgata, said which they opted for NetEnt’s services and products, as they certainly were impressed by the supplier’s performance on the European regulated areas. Mr. Nathan additionally included that they’re looking towards establishing 1st pair of multichannel casino games and so, providing unique gaming experience to their customers.

The agreement with and Borgata was not alone the Swedish business has inked considering that the beginning of 2015. In March, NetEnt announced its partnership with Spanish gambling operator Codere.

In April, the video gaming supplier had been awarded both working and computer software licenses by the UK Gambling Commission. Moreover, NetEnt signed a partnership deal with Danish gaming that is government-owned Danske Spil. And last week, a quantity of NetEnt’s online casino games went reside in Spain with operators such as 888, Paf and Premiere Megaplex, while the country’s Directorate General for the Regulation of Gambling granted the company two gaming licenses.