Trump Entertainment Bankruptcy Kicks Betfair to the Curb

Trump Entertainment Bankruptcy Kicks Betfair to the Curb

Betfair will have restricted participation within the Trump Plaza shutdown, and is scrambling for a new home now.

Also as Trump Entertainment Resorts (TER) filed for bankruptcy protection this week, on line gaming operator Betfair’s involvement in the shutdown proceedings of the Trump Plaza became more twisted. That’s because the Internet gambling provider could also be homeless soon.

Trump Plaza’s moms and dad, Trump Entertainment Resorts, just filed for bankruptcy protection on Tuesday of this week. Betfair had originally planned and received the NJDGE’s blessing to switch their host housing over to sister property the Trump Taj Mahal, but now that property generally seems to be closing in mid-November as well, unless casino worker union wage battles are miraculously resolved during the hour that is eleventh.

As Atlantic City casinos continue steadily to shut, you can find wide range of ongoing storylines. Numerous locals are understandably concerned with the immediate lack of thousands of jobs, while officials wonder concerning the transformation that is longer-term the city that will ideally make it less casino-dependent. But another issue concerns the online gambling sites associated with these gambling enterprises, and what computer software providers and other partners can do into the wake of the closures.

According towards the NJDGE, these firms do at the least deserve a seat at the dining table. The DGE Leggi tutto “Trump Entertainment Bankruptcy Kicks Betfair to the Curb”

Massachusetts Pro-Casino Referendum Takes the Day

Massachusetts Pro-Casino Referendum Takes the Day

Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally progress after a referendum vote supporting casinos passed away last night.

Residents of Massachusetts have opted for to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, since the polls had predicted.

Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked perhaps the statutory law should really be repealed, with 59.5 per cent to 40.5 percent deciding that no, it will not be repealed, meaning that yes, they wanted gambling enterprises.

Some commentators have actually suggested that the language used in posing the relevant question was deliberately muddled and created to confuse.

Nonetheless, it is a victory for MGM and Wynn Resorts, who have had their respective jobs provided the greenlight by regulators and who can now finally and definitely move forward with the licensing procedure, a privilege for which they will fork out $85 million a bit before a single cornerstone is laid.

Not surprisingly, casino executives were jubilant and anxious to emphasize what the casinos will do for their communities that are future.

‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 permanent job opportunities and significant economic benefits provided by the Gaming Act of 2011,’ said pleased MGM Chairman a Leggi tutto “Massachusetts Pro-Casino Referendum Takes the Day”