First, according to CasinoConnectionAC, officials of Harrah’s Entertainment and Rhode Island’s Narragansett Indian tribe last month detailed the plan for a $650 million casino resort they envision in the town of West Warwick, to be built on 85 acres at Warwick Industrial Park just off Interstate 95, which is likely to be the subject of a new referendum in this fall’s elections. This brings up a few questions:
- Doesn’t Harrah’s/Caesars Entertainment have enough financial woes to start another project – and in a speculated overly-saturated area?
- Will this impact Connecticut casinos even more?
- Will this impede Twin River’s Casino growth to compete against Mass & CT gamblers?
- How real is this with numerous political hurdles with referendums, etc for the next legislative session in November?
Second, the parent company of Twin River Casino in Lincoln said Tuesday that it has completed its purchase of Newport Grand. “We understand how important the future of Newport Grand is to the State and are excited about the advantages of owning two gaming venues in the same market, a claim no other casino management company in the region can make,” chairman John Taylor said in a statement. WRONG! Penn Gaming already has two – Hollywood Casino in Bangor, ME and Plainridge Park in Plainvile, MA. And if CT gets its satellite casino on the Mass/Conn border in the Hartford area, both the Mohegan Sun and Foxwoods will have two in the same market. Let’s face it, if the CT casinos attract Maine gamblers, we have to think of New England as an entire market.
Finally, take one more look at the map above. Let’s all say it together, “SA-TU-RA-TION.”
That’s all for now.