New Bedford Casino Developer Meets Latest Application Deadline

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

Andrew Paven, a spokesman for the company, 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 involving the two entities had been submitted to your Massachusetts Gaming Commission at 2 pm on Tuesday.

GLPI is to back economically KG Urban’s task for the establishment of a resort and casino facility in the New Bedford waterfront. The $650-million property is to be situated on the web site of a NSTAR power plant that is former.

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 necessary documentation. The expression sheet is being analyzed by the commission’s Investigations and Enforcement Bureau.

The Bureau is also expected to provide overall information on the licensing process for Southeastern Massachusetts or area C, because it is normally known, during the state regulator’s next public conference, that is to happen on Thursday, June 11.

The offer with GLPI is still another hurdle KG Urban managed to overcome. Nonetheless, the company now has to complete certain application materials also to file those late this summer time or early in the fall. Furthermore, a vote that is citywide to occur on June 23 therefore the project has to be backed by brand New Bedford residents to become completed.

Jon Mitchell, Mayor of brand New Bedford, commented regarding the latest announcements as a good action for the multimillion endeavor. The state also promised that he’ll support KG Urban to allow the hotel and casino property become launched.

A few public discussion boards will likely be held in New Bedford into the weeks prior to the citywide vote. Therefore, residents will be offered the opportunity to sound their opinion in the casino proposition.

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

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

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

Plainridge Park Casino in Plainville, their state’s only slot parlor, is to have its opening that is official on 24. The home will feature 1,250 slots, with some of those providing multiplayer games.

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

NetEnt Signs First United States Deal with and Borgata

Swedish gaming that is online provider NetEnt announced that it had signed the first US contract for the provision of its multichannel casino games to New Jersey’s and Borgata brands.

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

As previously announced, NetEnt had requested a gaming that is temporary through the New Jersey Division of Gaming Enforcement, to become capable offer its content in the territory of this state. The video gaming regulator is currently reviewing the application form and it is likely to announce whether the web casino supplier will get an operating license that is full.

The Managing Director of NetEnt Americas LLC, Björn Krantz, commented they are exceptionally delighted that and Borgata have actually chosen their multichannel desktop and mobile items. Mr. Krantz additionally noticed that NetEnt will likely be completely in a position to offer the two operators inside their strategy to offer customers because of the most useful experience that is possible.

Since the administrator himself noted, the 3 parties are now actually susceptible to an approval from the state gaming regulator and therefore are working together to effectively integrate NetEnt’s content and launch it included in the gaming platform that is above-mentioned.

Jeffrey Haas, Group Director and Director of Poker at, commented that it is their priority that is top to the best possible services and products to their New Jersey customers. According to him, the integration of NetEnt content is just one more step towards fulfilling this objective.

Steve Nathan, Vice President of Marketing for Borgata, said which they chosen NetEnt’s items, as they were impressed by the supplier’s performance on the European regulated areas. Mr. Nathan also added that they’re anticipating releasing the first pair of multichannel casino games and thus, supplying unique gaming experience to their customers.

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

In April, the gaming provider was granted both running and software licenses by great britain Gambling Commission. Also, NetEnt signed a partnership handle Danish gaming that is government-owned Danske Spil. And a week ago, a wide range of NetEnt’s on-line casino games went live in Spain with operators such as for example 888, Paf and Premiere Megaplex, as the country’s Directorate General for the Regulation of Gambling granted the company two video gaming licenses.