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How Many Casinos Can Successfully Fit In Maine?

It’s so interesting to see the news out of New England concerning gambling expansion. At the same time, all of the following is happening:

  • Massachusetts is dealing with Wynn vs MoSun, and casinos or no casinos.  The “spin” from both sides is out of control – full of half truths, and false accusations based on antiquated memories of an industry founded in the past.
  • In Rhode Island, the same battle continues to increase with the same negative campaigns by both sides concerning the renovation and expansion of the Newport Grand.
  • In Connecticut, the two mega-resorts continue to have declining slot revenue, and yet are seeking Mass casinos and continue to expand and diversify with additional retail, professional lacrosse, and other areas of interest to keep both afloat amidst the competition from New York, Mass & Rhode Island.
  • And New Hampshire – well, why waste time even considering what the Granite State is thinking.  They change their considerations and opinions as much as the weather changes in New England.

All this further tainted by the closing of 4 casinos in Atlantic City and editorials on gambling saturation in the northeast seen on the web and in newspapers on a daily basis.

Then this NEWS FLASH

A new study commissioned by the Maine Legislature suggests the state could sustain another casino or two depending on the size and location.

According to Scott Thistle of Maine’s Sun Journal, the study released Aug. 30 shows the state’s economy easily could handle one more casino as long as it is in southern Maine, which likely would be in direct competition with Maine’s largest casino in Oxford. image(6)

The study also suggests another smaller casino in northern Maine, in either Washington or Aroostook county and close to the Canadian border, would work if it were limited to 100 slot machines and no more than 10 table games.

AM I MISSING SOMETHING?  Everyone but Maine is feeling the pinch of too many casinos?    Imagine this list of top gambling destinations in the future – Las Vegas, Nevada; Macau China, and MAINE!

The study, issued by WhiteSand Gaming, based in Atlantic City, New Jersey, shows for another casino to make it in Maine, it would have to be in the south, close to Interstate 95 and popular summer tourist attractions.  “Southern Maine includes not only substantial Maine population but is positioned to draw upon important demographics in New Hampshire and Massachusetts,” according to a summary of the study.  Among other details, the study shows that Oxford Casino took in more net revenue from both slots and table games in 2013 than the state’s more established facility, Hollywood Casino in Bangor.  The study also suggests the Legislature could limit eligible bidders for a northern Maine casino to allow the state’s American Indian tribes a competitive advantage, which might also finally give the Passamaquoddy Tribe a chance for what it’s been fighting for as well.

Hey Massachusetts – what if Maine had two casinos that took the patrons away from the Boston’s casino which was taking away patrons from Rhode Island & Connecticut?   Do you still think that casino law of yours is a good one?

There will be more on this study since Oxford casino and it’s local area seems to be “en fuego” lately.  I’ll just sit back and watch – this New England Gambling Expansion thing beats soap operas in the afternoon!

That’s all for now.

Binbin

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