Revenues were down slightly last month the only open Massachusetts casino – the only casino Massachusetts will have for a while since Wynn Everett & MGM Springfield won’t open until 2018 and the Region C License is still up in the air.

Does this mean it’s not the success they thought it would be?

Chicken Little
Relax! Plainridge Park Casino is Still Successful.

Oh the horror! …….Nonsense.

If the Massachusetts Gaming Commission were concerned (which they shouldn’t be) we wouldn’t be hearing about the possibility of another slot parlor in Massachusetts.

Plainridge Park Casino
Plainridge Park Casino in Massachusetts

The Massachusetts Gaming Commission reported this week that the Plainridge Park Casino in Plainville generated more than $15 million in gross gambling revenues in August – down from about $18 million in July, which was the combination slots parlor-and-harness racing track’s first full month of operation.

September is a typical down month for casinos.  People are back to work, weather gets worse, kids are in school so no extended vacations, and RVers are starting to plan their winter.  Especially casinos depending on local or in state revenue – people are getting back to life’s schedule after summer.

Even Connecticut’s casinos, who had been on a modest roll, showed a slight down August.  It’s natural.

It’s the long haul that Plainridge and Massachusetts should be considering.  Penn National Gaming has increased its promotions at both Plainridge Park Casino and Hollywood Casino, Hotel and Raceway in Bangor, Maine

Hollywood Casino, Hotel & Raceway, Bangor Maine
Hollywood Casino, Hotel & Raceway, Bangor Maine

to keep a steadier traffic flow.  And let’s not forget that Plainridge will benefit from Massachusetts patrons who frequent Twin River Casino in Rhode Island, and Mohegan Sun & Foxwoods Casino Resorts in Connecticut this winter.  Driving in snow tends to keep you closer to home!

So, no panic should set in.  This is a marathon for the next two years. Plainridge Park is off to a fabulous start, but lots of questions remain to be answered:

  1. Will Twin River Casino move Newport Grand Casino, which it has purchased, to Tiverton?  Will Tiverton accept the move?
  2. Will Twin River get that hotel up and running?
  3. Will Massachusetts decide to add another slot parlor to the mix, which was petitioned this past week?
  4. Will Connecticut get its third casino or will MGM Springfield win its law suit against the state of Connecticut?
  5. Will Region C get a casino?  Will it be in Brockton?  Will the developers still stay around long enough to back it?
  6. Will the Mashpee Wampanoags get their land trust and build a casino in Taunton?

Southern New England’s gambling expansion is still in diapers.  Give it time….in two years we’ll see who is schooling whom?

Binbin

PLEASE NOTE – AS I WAS FINISHING THIS POST, The federal government yesterday approved an initial reservation for the Mashpee Wampanoag Tribe, including 152 acres in Taunton for an Indian casino.

Wampanoag Caino, Taunton Massachusetts
This architectural rendering, released in 2013, shows a new design for a resort casino that the Mashpee Wampanoag tribe hopes to build in Taunton. This rendition was released in 2013.

According to George Brennan of the Cape Cod Times, the decision is likely to affect whether the Massachusetts Gaming Commission awards a commercial casino bid in Southeastern Massachusetts, the only region in the state not yet approved for a casino license. The commission has just finished accepting comments yesterday on a request by the lone commercial applicant to award a license regardless of the tribal process. This may answer some questions above or raise others.  To be continued…..

Advertisements