If New England is considered to be at it casino saturation point, will we see another Atlantic City debacle in the northeast?
Gambling & casinos still seem on the rise in leisure time preference, but think of the choices that New England gamblers will have within 350 miles by 2019. A casino owned by a major player in the gaming industry will be within 80 miles at the most for anyone to visit – just under 6 hours from New Haven to Bangor, if you want to hit them all (just add time for the east-west travel to each).
So, here’s the line-up once they all get built – if they all get built – from North to South, kinda. This list includes four of the top 10 casinos in the country, four of the top ten gaming industry companies, the two most successful Native American casinos, and two local areas that are about to give them all a run for their money.
The picture above shows Penn’s latest aquisition – The Tropican in Las Vegas. They also own the beautiful M Resort south of the strip.
Hollywood Resort, Hotel & Casino, Bangor, Maine & Plainridge Park Casino, Plainville, Massachusetts – Owned by Penn National Gaming which operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The Company operated twenty-eight facilities in eighteen jurisdictions, including Florida, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. Plainridge Casino & Raceway celebrated its 1-year anniversary in June this year.
A panoramic view of the section of Springfield’s South End that will be transformed into MGM’s $800 million casino complex. Image provided by businesswest.com
MGM Springfield Casino Entrance
MGM Springfield, Springfield Massachusetts – Owned by MGM Resorts International, owns and operates 17 properties in Nevada, Mississippi and Michigan, Maryland (recent), New Jersey (buying out Boyd for full ownership of Borgata), Macau China, and possibly Georgia in the next few years. They are the 2nd largest casino operator behind Sands Corperation. MGM Springfield Should be finished by early 2019.
Wynn Resorts, Everett, Massachusetts (Boston area) – Owned By Wynn Resorts, internationally successful, highly profitable around the world, and known for its quality of product.
Steve Wynn with his rendition of Wynn Boston Harbor
Wynn has properties in Las Vegas and Macau, China. Wynn Boston Harbor is expected to be completed July 2019
Oxford Casino, Oxford, Maine – Owned by Churchill Downs Incorperated, a multi-state company with racetracks, casinos and the United States’ leading online wagering company. Oxford is in the process of expanding its gaming floor, conference area, dining, and adding its own hotel by late 2017.
Twin River Casino
Twin River Casino, Lincoln, Rhode Island – Owned by Twin River Management Group, which also owns Hard Rock Hotel & Casino in Biloxi, Miss., and last year purchased Newport Grand, Newport, Rhode Island. Depending on this year’s voting in Rhode Island, TW is seeking to move operations to the MA/RI line with a new Tiverton Hotel & Casino. It must be approved by the state election as well as the Tiverton election to bring it to fruition.
Mohegan Sun Resort Casino
Mohegan Sun, Uncasville Connecticut – Owned by the Mohegan Tribe, who also owns Mohegan Sun at Pocono Downs, runs gaming operations at Resorts Casino in Atlantic City, and continues to pursue licenses in New York State. The tribe has added a license for a casino in South Korea as well.
Foxwoods Massive size, without the addition of the Tanger Outlets.
Foxwoods Resort Casino, Ledyard, Connecticut – Owned by the Mashetucket Pequots Tribe, is the 2nd largest casino in North America.
MMCT – a joint venture by both CT tribes to build a casino together on the MA/CT northern border. This is in response to the threat of MGM Springfield, which is expected to have a large impact on jobs and gambling revenue in Connecticut.
So, there’s the wrap-up. But, is such a small area, you’d be hard pressed to find so many industry giants battling it out.
That’s all for now.