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New Bedford Casino Developer Meets Latest Application Deadline

New Bedford Casino Developer Meets Latest Application Deadline

New York-based developer KG Urban, that will be behind the project for the $650-million casino on the New Bedford waterfront, established on Tuesday that it had met the latest application deadline expansion and had filed the required financial terms sheet.

Andrew Paven, a spokesman for the business, had written in a declaration that KG Urban had inked an agreement with Gaming and Leisure characteristics Inc. (GLPI), a pennsylvania-based estate investment trust that is real. The term that is signed involving the two entities ended up being 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 casino and hotel facility on the New Bedford waterfront. The $650-million home will be located on the 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 gotten the mandatory documents. The definition of sheet happens to be being analyzed by the payment’s Investigations and Enforcement Bureau.

The Bureau can be anticipated to provide overall information on the certification process for Southeastern Massachusetts or Region C, because it is usually described, through the state regulator’s next general public meeting, that will be to happen on Thursday, June 11.

The deal with GLPI is just one more hurdle KG Urban was able to overcome. Nonetheless, the business now has to finish specific application materials and also to register those late this summer or early in the fall. Additionally, a vote that is citywide to happen on June 23 as well as the project needs to be backed by New Bedford residents to be finished.

Jon Mitchell, Mayor of brand New Bedford, commented in the latest announcements being a positive action for the multimillion undertaking. The official additionally promised that he will support KG Urban to allow the hotel and casino home to be launched.

Several public forums will be held in New Bedford in the weeks before the vote that is citywide. Thus, residents is going to be offered the opportunity to voice their opinion regarding the casino proposition.

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

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

MGM Resorts is building a $800-million casino and hotel in Springfield, that is likely to start doors 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 visitors that are first 2017.

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

Their state Gaming Commission is anticipated to announce its decision on which for the two projects for the casino in Southeastern Massachusetts will be backed sometime this fall.

NetEnt Signs First US Deal with and Borgata

Swedish online gaming solutions provider NetEnt announced that it had signed the initial US contract for the supply 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 as well as the PartyPoker brands.

As formerly announced, NetEnt had requested a short-term gaming permit from the nj-new Jersey Division of Gaming Enforcement, in order to be in a position to offer its content regarding the territory regarding the state. The video gaming regulator is currently reviewing the application and it is likely to announce whether the internet casino supplier will receive a full running license.

The Managing Director of NetEnt Americas LLC, Björn Krantz, commented that they’re extremely pleased that and Borgata have chosen their multichannel desktop and products that are mobile. Mr. Krantz also remarked that NetEnt will be completely in a position to offer the two operators in their technique to offer customers with the best possible experience.

While the administrator himself noted, the 3 events are actually at the mercy of an approval through the state gaming regulator and are also 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’s their main concern to deliver perfect items to their nj-new Jersey clients. In accordance with him, the integration of NetEnt content is still another step towards meeting this goal.

Steve Nathan, Vice President of advertising for Borgata, said as they were impressed by the supplier’s performance on the European regulated markets that they opted for NetEnt’s products. Mr. Nathan additionally included they are anticipating introducing initial group of multichannel casino games and thus, providing their clients with exclusive gaming experience.

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

In the gaming supplier was awarded both operating and software licenses by the UK Gambling Commission april. Also, NetEnt finalized a partnership deal with Danish gaming that is government-owned Danske Spil. And week that is last a number of NetEnt’s on-line casino games went live in Spain with operators such as for instance 888, Paf and Premiere Megaplex, while the country’s Directorate General for the Regulation of Gambling granted the business two video gaming licenses.