Oxford’s Success Rolls On
Traffic came to a halt on Route 26 in Oxford Thursday night.
Thousands of people turned out for a raffle giveaway that brought The Oxford Casino to its maximum
capacity. People had to wait outside until the raffle was done and it emptied out. By the way, congratulations Judy on winning the ‘vette!
Penobscot High Stakes Bingo Records Largest Jackpot in 40 years
For one bingo player, Sunday, March 3, was the perfect day to be at Penobscot High Stakes Bingo: She took home the largest jackpot ever paid out since the Penobscot Nation established a gaming facility 40 years ago.
The player, who asked not to be identified, “was playing an Over the Rainbow Progressive Pull Tab,” said Miles Francis Jr., assistant general manager at Penobscot High Stakes Bingo. “It’s a dollar a ticket.” For her dollar, the bingo player won $27,500, Francis indicated. “The biggest [jackpot] we’ve had previously was $25,000, which was 15 or so years ago.”
Hollywood Casino, Hotel & Raceway Celebrates Its Positive Impact over 5 Years
Five years ago, Hollywood Casino moved its slot machines from the site of a former restaurant to its brand new $132 million gaming and hotel complex on Main Street. As the casino celebrates the anniversary of its modern edifice this month with giveaways and promotions, city officials say the venue has been a catalyst for development in Bangor. Opponents of casino gaming in Maine, citing economic pitfalls for individuals and fears of increased crime, decry its presence.
Here’s some of the impact it had on Bangor:
- In its first full year as Hollywood Slots at the 2006, in the building that’s now home to Seasons Grille and Lounge, the facility brought in about $37.5 million in revenue.
- In July 2008, the business moved into the $132 million facility complete with a seven-story hotel.
- Five years later, the casino, owned by Penn National Gaming, is coming off its best financial year yet after adding table games to its offerings, netting $62.6 million at the slots and tables in 2012.
- Bangor has received the following renue – monthly rent equal to 3 percent of net slot revenues (about $8.7 million for the city over the past five years), 1 % of the 39 % the state takes from net slot revenues at the casino(this brought Bangor about $2.56 million in the past five years), and about $200,000 from the casino’s revenue from table games since they debuted in March 2012.
- In 2012, revenue was divided up to support the harness racing industry, community colleges and universities, agricultural fairs and the state’s general fund. The state also received more than $1 million from table games operations in the nine months after table games debuted. Most went toward administrative expenses for the board, but some went to Bangor and some went to the Veteran’s Assistance Grant Fund.
- The casino employs about 400 area residents, and Eastern Maine Community College has started courses to train dealers for table games, a valuable resource for those seeking to jump into a new industry, Durgin said.
- The casino has partnered with the Bangor Mall, which is used heavily by Canadian shoppers who visit by the busload, to market the gambling opportunity a few miles away through signs and leaflets at the information booth, Osborne said.
- The casino also works with Canadian tourism groups. In years past, Canadian visitors accounted for 3 percent or 4 percent of casino revenue, according to Osborne; in 2012, however, they represented more than 10 percent.
Hollywood Casino continues to face a competitive gambling industry in Maine, with newcomer Oxford Casino to the south having surpassed the Bangor casino’s revenue totals in its first months. A new concern ironically to Oxford could be a Slots-only Parlor in Tewksbury, MA by, Penn Gaming, the people who own Hollywood in Bangor.
Bravo to Hollywood & Penn Gaming for its positive contributions.
I still have to make a trip north to check these out. That’s all for now!