John Kostrzewa – Finally someone making sense!
As I read John’s article yesterday “John Kostrzewa: Market, not regulators, will shape casino landscape” I felt I was not alone. It’s not whether the Massachusetts Gaming Commission, the Connecticut Legislature or the Maine legislature for that matter, consider more casinos feasible, it’s the gamblers themselves that will show if New England will be too saturated to handle more casinos.
“Are there enough gamblers in Rhode Island and Massachusetts to support more casinos in Brockton, Taunton and Tiverton?…..The commissioners say they need the time to do more due diligence. But it’s the market that will eventually dictate how many more casinos are built and which ones will succeed.”
Bravo, a man of reason.
Mr. Kostrzewa goes on to cite the many question marks involved in this seemingly game of wait & see.
- The MGC is waiting to see what Twin River does with its plans. Besides adding a hotel, they would like their recent purchase of Newport Grand moved to Tiverton, Rhode Island – right across the border from Plainridge Park in Plainville, Mass. See my previous posts “Twin River, Casino & Hotel…” and “Twin River/Plainridge Park Comparison” for more coverage.
- Mass Gaming & Entertainment, the last group standing for the Region C license is a partnership of Neil Bluhm, chairman of Chicago-based Rush Street Gaming, and George Carney, owner of the Brockton Fairgrounds. But Bluhm is getting impatient. “I don’t want to spend the time, effort or money waiting around,” Bluhm told The Associated Press.
- The Mashpee Wampanoags were given the go ahead to build a $500-million casino when the U.S. Bureau of Indian Affairs that it would accept the Wampanoag application to take 151 acres in Taunton into federal trust. This would create two casinos in Region C. The Wampanoags also pointed out that they reached a compact with Massachusetts officials in 2013 to pay the state 17 percent of its revenue in return for the exclusive right to run the only casino in southeastern Massachusetts. If the MGC were to award Brockton their casino, this would compromise the pact, and could have the two casinos battle for the same gambling pool, and the Mashpees not paying anything to Massachusetts – but Brockton would pay revenue under it’s for Region C application with the MGC. See my previous post Mashpee Wampanoags Casino – “Game Changer” for Mass Casino Expansion?
- Connecticut’s plan for a third casino is moving forward, despite MGM Springfield’s worry, law suit, and sudden change in it’s original proposal. Springfield residents and politicians are confused by this move, questioning why and if it’s legal. Click here for more.
- All this will be going on in between the two behemoth casinos in Connecticut, who are ramping up their own large resorts, and the jewel of New England, the proposed Wynn Everett Resort Casino outside of Boston supposedly completed by 2018.
It’s like one huge “Whoopee Pie” – the top and bottom will still be a consistent taste, but who knows what’s going to be in the filling by 2018!
John Kostrzewa says it best, and I will end with his own words. He says, “With all that going on, you have to wonder how all those new casinos within an easy drive of one another can get financing — and if so, how they can survive……..Time will tell.”