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FOXBOROUGH, Mass. – Plans to bring a $1 billion resort-style casino to the brand new England Patriots’ hometown were suspended, Las Vegas casino developer Steve Wynn and the team’s owner said Tuesday.

The announcement by The Kraft Group and Wynn Resorts came an afternoon after Foxborough voters elected two selectmen who opposed opening negotiations with Wynn. He had planned to construct the resort on land leased from Patriots owner Robert Kraft across from Gillette Stadium, the team’s home field.

Under a state law that legalized casino gambling in Massachusetts, developers must first negotiate an agreement with town or town wherein they hope to construct a casino.

“With Monday’s election, we believe the citizens of Foxborough have spoken,” The Kraft Group said in a press release. “As we originally committed, we’ve heard them and respect their collective voice.”

A spokesman does not say whether which means the proposal might arise again.

Stephanie Crimmins, who founded the gang No Foxboro Casino in December, said members of the grassroots organization are “just absolutely thrilled” by the scoop.

“Yesterday’s election was pretty telling and we were hopeful that this can happen, but none people expected this to happen as quickly because it did,” she said.

The proposal’s suspension could bolster a suggestion for a resort casino at Suffolk Downs horse racing track in Boston, which might have needed to compete with the Foxborough proposal for the only real casino license which will be available in eastern Massachusetts.

A statement from the pony track’s chief operating officer, Chip Tuttle, said that their approach wouldn’t change.

Tuttle said Suffolk Downs would work to earn a casino license “in accordance with the merits of our development proposal to create a worldwide-class destination in a worldwide-class city.”

He said they might think about working with East Boston and Revere residents to be certain their proposal provided jobs, road improvements and tourism growth.

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May 9, 2012 12:05 am

  • Rivers Casino owners seek to purchase out Barden group - Pittsburgh Post-Gazette

    Bradley C Bower/AP

    Casino magnate Don Barden, 2008

By Mark Belko / Pittsburgh Post-Gazette

At one time the late Don Barden viewed the Pittsburgh casino as his legacy, the flagship of his gambling empire. But now, nearly 12 months after his death, Mr. Barden’s last tie to the North Shore riverfront complex is vanishing.

The ownership of Rivers Casino is looking for approval from the Pennsylvania Gaming Control Board to buy the 20 percent interest Mr. Barden and associated investors held within the complex.

If the gaming board agrees, it’d mark the formal end of Mr. Barden’s involvement in a project that he championed because the crown jewel of his gambling holdings, only to be forced to relinquish his control over it when he was unable to secure permanent financing for the development.

In the transaction, Holdings Acquisition Co. L.P., the Rivers ownership, is proposing to shop the 20 percent limited partnership interest held within the property by PITG Entertainment LLC, which incorporates Mr. Barden and a small group of different investors.

The amount the ownership can pay for Mr. Barden’s share was not disclosed in documents filed with the gaming board. Holdings Acquisition has asked that the acquisition price stay confidential, gaming board spokesman Richard McGarvey said.

A date has not been set for a vote at the transaction.

In December 2006, on his birthday, Mr. Barden, a Detroit businessman, was awarded a license by the gaming board to construct a $780 million casino at the North Shore next to the Carnegie Science Center. On the time, Mr. Barden pledged to make the venue the flagship of his empire, person who included casinos in Indiana, Mississippi, Las Vegas and Colorado.

But because the credit markets tightened, Mr. Barden was unable to secure permanent financing for his Majestic Star casino, causing construction to prevent. He defaulted on a $200 million loan used to get the project going.

With the venture facing potential bankruptcy, Mr. Barden relinquished control of the casino to the present ownership, led by Chicago billionaire Neil Bluhm. It changed the name to Rivers Casino.

In the transaction, Mr. Barden went from owning 81 percent of the venue to rather less than 20 percent. He held a seat at the casino’s management committee but had no controlling voice.

It was unclear Tuesday whether Holdings Acquisition initiated the acquisition or whether it involved matters surrounding the estate of Mr. Barden, who died last May 19. Maureen D. Williamson, the attorney representing PITG Entertainment within the transaction, couldn’t be reached for comment.

The casino issued an announcement confirming the proposed transaction, adding that it should don’t have any effect on operations.

The proposed purchase comes several weeks after Ira Schulman, a principal in Rivers’ ownership, described the casino as a “terrible investment” in court testimony as component to the casino’s appeal of its $199.5 million property assessment.

Mr. Schulman told Allegheny County Common Pleas Senior Judge R. Stanton Wettick Jr. that the casino had lost $200 million in equity because it opened in August 2009 and that “with 20/20 hindsight, we’d never have made this investment.”

Jon Scolnik, a research analyst for Unite Here, a union that follows the gambling industry and organizes workers, questioned why the ownership will be buying out Mr. Barden’s stake within the casino simultaneously one in every of its principals was bad mouthing the valuables.

“If Rivers Casino was a terrible investment, why are the owners asking to boost their bet?” he wondered.

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The Gila River Indian Community   has picked Perini Building Company Inc. to develop and construct a brand new casino and resort hotel on the tribe’s Vee Quiva Casino in Laveen.

The Gila River tribal council gave final approval to Perini to construct a 100-room hotel and new 175,000-square-foot casino on the Vee Quiva location off 51st Avenue south of Baseline Road inside the southwest Valley. The GRIC’s gaming operations also previously picked Perini over other contractors bidding for the project.

GRIC Tribal Gaming Office director Courtney Moyah said Perini is currently grading the land slated for construction and conducting ecological surveys. He pegged the hotel and casino project at approximately $100 million, and expects the brand new casino and hotel to open within the fall of next year.

Moyah said once the brand new gaming facility is built by Perini the tribe will decide what do with the present Vee Quiva casino. Demolishing the prevailing casino is an option, Moyah said.

Gila River officials said they received a handful of alternative bids, but failed to say which other contractors’ hats were inside the ring. The Vee Quiva location is 15 miles south of Interstate 10 on Gila River lands in Laveen.

Perini is predicated in Las Vegas but has a large footprint in Phoenix.

The company didn’t touch upon the Vee Quiva work, nor did a whole lot of other construction companies and industry officials contacted for this story.

Perini Building is a part of the bigger Tutor Perini Corp. (NYSE: TPC). The California-based company on May 4 reported quarterly revenues of $912.5 million compared with $615.3 million a year ago. Tutor Perini, however, posted a $1.2 million loss in its most up-to-date 2012 quarter versus a $6.9 million profit a year ago. Tutor’s newest quarterly earnings release references $82 million in new casino work in Arizona, but doesn’t disclose a particular tribe or development.

Mike Sunnucks writes about politics, law, airlines, sports business and the economy.

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Gamblers wagered $42.1 million on slot machines at Presque Isle Downs & Casino in the course of the week of April 30-May 6.

The amount returned to gamblers was $38 million, the Pennsylvania Gaming Control Board reported.

The gross revenue — the volume of gamblers’ losses — was $3.3 million, after subtracting $863,868 in promotional free plays.

Of the gross revenue, nearly $1.8 million went to the state and $1.5 million to the casino.

During a comparable week in 2011, from May 2-May 8, gamblers wagered nearly $46 million. The quantity returned to them was $41.7 million.

The record for slots wagers in a single week was $57 million, set throughout the week of July 5-11, 2010.

Search revenue for all Pennsylvania casinos at GoErie.com/data.

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WESTFIELD — Westfield is the most recent community to go into the sweepstakes for a casino in western Massachusetts.

Mayor Daniel Knapik says Penn National Gaming is negotiating with the landlord of a 280-acre plot of land near the Massachusetts Turnpike.

City Advancement Officer Jeffrey Daley tells The Westfield News the valuables is owned by Needham-based Equity Industrial Partners.

Knapik says if a deal is struck for the land, a city-wide referendum can be held to offer voters an opportunity to weigh in.

Pennsylvania-based Penn National could invest $500 million to $750 million inside the city with a casino.

Knapik says a casino could greatly reduce property taxes and attract retailers, hotels, a film theater and more.

Springfield, Holyoke and Palmer are other possible sites for a casino in western Massachusetts.

© Copyright 2012 Associated Press. All rights reserved. This material might not be published, broadcast, rewritten, or redistributed.

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LINCOLN, Calif., May 8, 2012 /PRNewswire/ – Thunder Valley Casino Resort gave away $10,311,530 in jackpots over $1,200 through the month of April with one lucky Elk Grove guest winning $131,109 in table game payouts.

May looks to be just as promising as Thunder Valley kicks off its summer concert series and introduces several summer promotions.

“April was a ravishing month for our guests,” said C.J. Graham, General Manager of Thunder Valley Casino Resort. “May looks to be heating up as we introduce our $750,000 Summer Toyz Giveaway and officially launch our much anticipated summer concert series with a performance by Tesla on Friday, May 18.”

$750,000 Summer Toyz Giveaway

Now through June 30, Thunder Valley is freely giving one in all four summer toys every Friday and Saturday night at 7 p.m. Toys include two ATVs, a wave runner and a motorbike.

On June 30, 10 guaranteed winners will play to win the final word Summer Toys Grand Prize Package, worth over $80,000.

Swipe your Thunder Club card while playing Slots or Table Games to earn entries into the drawings. Get one free daily entry plus one drawing entry for each 250 points earned on Slots and each 100 points earned on Table Games.

For an in depth list of Thunder Valley’s promotions, outdoor pool schedule and summer concert series lineup visit www.thundervalleyresort.com .

A partial list of winners from last month is detailed below:

My T.

Elk Grove, CA

$131,109.00

Frank A.

Sacramento, CA

$124,023.00

Mark F.

Sacramento, CA

$48,219.00

Kevin B.

Sacramento, CA

$33,750.00

John S.

Sacramento, CA

$20,000.00

Amber C.

Lincoln, CA

$19,131.00

Paulette D.

San Jose, CA

$17,500.00

Frank G.

West Sacramento, CA

$17,500.00

Amy L.

Berkeley, CA

$17,500.00

Salina M.

Sacramento, CA

$17,500.00

Thunder Valley Casino Resort joined the elite ranks of AAA Four Diamond award-winning resort destinations in 2011. Located 30 miles east of Sacramento, Thunder Valley Casino Resort offers 250,000 square feet of gaming space – including over 2,800 slot and video machines, 125 table games and a live poker site with space for 210 players.

Thunder Valley has 14 restaurants and bars, including High Steaks Steakhouse, Red Lantern and a 500-seat Feast Everywhere Buffet in addition Mingle Bar, Falls Bar, Thunder Bar and High Steaks Bar. Thunder Valley Casino Resort can also be home to a luxury, 17-story hotel with 297 rooms, including 40 suites and an expansive outdoor pool complete with private cabanas and Coconut, a poolside bar. 

The Spa at Thunder Valley contains a range of treatments including the exclusive 24-carat gold leaf facial. Also on property is a three,700-space parking structure that leads guests directly into the casino and hotel.   

The United Auburn Indian Community opened Thunder Valley in June 2003.

SOURCE Thunder Valley Casino Resort

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April 11-16, 2012 – Venetian Hotel & Casino, Las Vegas, NV.
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