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New Bedford Casino Developer Meets Latest Application Deadline

New Bedford Casino Developer Meets Latest Application Deadline

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

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

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

The Massachusetts Gaming Commission has extended the applying deadline four times in 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 commission’s Investigations and Enforcement Bureau.

The Bureau is also expected to offer information that is overallg>on the licensing procedure for Southeastern Massachusetts or area C, since it is usually known, during the state regulator’s next general public conference, which is to take place on Thursday, June 11.

The deal with GLPI is just one more hurdle KG Urban were able to overcome. However, the organization now needs to complete certain application materials also to file those later this summer or early in the autumn. Furthermore, a vote that is citywide to happen on June 23 and the task needs to be backed by brand New Bedford residents in order to be completed.

Jon Mitchell, Mayor of brand New Bedford, commented on the latest notices as a step that is positive the multimillion endeavor. The state additionally promised that he will help KG Urban in order for the resort and casino property become launched.

Several public discussion boards is held in brand New Bedford within the days before the vote that is citywide. Therefore, residents are going to be offered 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 license. The latter company proposed the construction of a $650-million casino resort on the Brockton Fairgrounds. Residents regarding the city had the chance to vote regarding the project May 12 and authorized it narrowly.

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

MGM Resorts happens to be building a $800-million hotel and casino in Springfield, that will be likely to start doorways sometime in 2017. In addition, Wynn Resorts looks after a $1.75-billion task within the Boston area. Wynn Everett, too, is expected to welcome its very first site visitors in 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 these providing multiplayer games.

Their state Gaming Commission is expected to announce its decision on which regarding the two jobs for the casino in Southeastern Massachusetts will be supported sometime this fall.

NetEnt Signs First US Deal with and Borgata

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

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

As previously announced, NetEnt had requested a gaming that is temporary through the New Jersey Division of Gaming Enforcement, to become in a position to provide its content in the territory of this state. The gaming regulator is currently reviewing the applying and is likely to announce whether the online casino supplier will get a complete operating permit.

The Managing Director of NetEnt Americas LLC, Björn Krantz, commented they are excessively delighted that and Borgata have chosen their multichannel desktop and products that are mobile. Mr. Krantz also noticed that NetEnt is completely in a position to support the two operators in their strategy to offer clients aided by the most readily useful experience that is possible.

While the executive himself noted, the 3 parties are actually subject to an approval from the state gaming regulator and so are working together to successfully incorporate NetEnt’s content and launch it as part of the above-mentioned video gaming platform.

Jeffrey Haas, Group Director and Director of Poker at, commented that it’s their top priority to deliver perfect services and products with their New Jersey clients. Based on him, the integration of NetEnt content is just one more step towards fulfilling this goal.

Steve Nathan, Vice President of Marketing for Borgata, stated which they chosen NetEnt’s products, as they certainly were impressed by the provider’s performance on the European regulated markets. Mr. Nathan additionally added that they’re anticipating establishing 1st set of multichannel casino games and thus, supplying their customers with exclusive video gaming experience.

The agreement with and Borgata had not been alone the company that is swedish inked since the start of 2015. In March, NetEnt announced Spanish gambling operator Codere to its partnership.

In April, the video gaming provider was granted both working and pc software licenses by the united kingdom Gambling Commission. Furthermore, NetEnt finalized a partnership handle Danish gaming that is government-owned Danske Spil. And week that is last a wide range of NetEnt’s on-line casino games went reside in Spain with operators such as 888, Paf and Premiere Megaplex, since the nation’s Directorate General for the Regulation of Gambling granted the business two video gaming licenses