Nassau OTB to create VLT Casino at Belmont Park

Nassau OTB to create VLT Casino at Belmont Park

Thoroughbred horse racing track Belmont Park in Elmont, New York is chosen by Nassau Regional Off-Track Betting Corp. to host a small casino place with up to 1,000 video clip lottery terminals, regional media reported on Tuesday.

The OTB happens to be searching for a web site to find the VLT facility for quite some time as comparable efforts had formerly been refused by residents of neighboring communities. The county-run entity said in a Tuesday declaration it now desires the brand new York Racing Association to deliver it with a percentage of the Elmont-based horse rushing track where a 100,000-square-foot VLT casino could possibly be opened along with food and drink and activity facilities.

A small casino with no more than 1,000 video lottery terminals in 2013, Nassau and Suffolk Counties on Long Island were given the nod by the state to each launch. You should note that the devices are hooked in to the state lottery but have become much like slot that is traditional. Numerous saw the VLTs for the two counties being a payment for longer Island being denied the best to use for a license for the construction of a full-scale casino.

Nassau OTB said into the Tuesday declaration that it has plumped for the Belmont site after an ‘exhaustive’ review of all of the available alternatives. The corporation that is county-owned added it happens to be using Nassau County Executive Ed Mangano, that is known to were close to ny State Gov. “Nassau OTB to create VLT Casino at Belmont Park” の続きを読む

Lippo-Caesars Southern Korea Casino Venture Clouded by ‘Uncertainties’

Lippo-Caesars Southern Korea Casino Venture Clouded by ‘Uncertainties’

Hong Kong-based estate that is real Lippo Ltd. stated earlier in the day this week that its joint project with United States gaming giant Caesars Entertainment Corp. for the construction of a built-in resort in Incheon, Southern Korea may not be materialized due to ‘a number of uncertainties.’

Late in 2014, the consortium of Lippo and Caesars Entertainment subsidiaries reached a deal that is conditional the purchase of a 90,000-square-meter percentage of land for the planned hotel and casino resort from merchant MIDAN City developing Co. Ltd. Lippo holds a 55% stake in the second company.

Previously this week, however, it became clear that the parties that are involved not agreed upon all the necessary conditions about the purchase regarding the stated part of land. Right Here it’s important to keep in mind that the purchase contract is set to expire on 31, 2015 december. Lippo said in a filing to the Hong Kong Stock Exchange they might not be in a position to proceed with the casino project due to ‘a number of uncertainties.’

The estate that is real explained that the said ‘uncertainties’ are linked to whether or not the conditional land deal would ultimately be finalized and whether the consortium user would agree on various investment terms.

LOCZ Korea Corp., while the consortium happens to be named, comprises Lippo Worldwide, a wholly owned subsidiary of Lippo, OUE Overseas, a company partly owned by the Hong Kong-based estate that is real, and Caesars Entertainment’s Caesars Korea.

Lippo said in its filing that LOCZ Korea has entered into negotiations with MIDAN for the extension that is potential of deadline “Lippo-Caesars Southern Korea Casino Venture Clouded by ‘Uncertainties’” の続きを読む