Massachusetts Casino Region C – “To Be or Not To Be,” That IS the Question

Massachusetts Regions for full casinos.

Massachusetts Regions for full casinos. Doesn’t include Mashpee Wampanoags in Taunton or Plainridge Park Slot Parlor in Plainville.

The Massachusetts Gaming Commission has its hands full, it seems.

Steve Crosby, Chairman of the Massachusetts Gaming Commission

Steve Crosby, Chairman of the Massachusetts Gaming Commission

MGC Chairman Steve Crosby seems to thing all plans have a chance to work itself out.  The problem is, many others are doubting it will all come to fruition.  In a previous post 5 Reasons New England Gamblers Will Decide Where the Casino Money Goes, John Kostrzewa points to important considerations in New England’s Casino future – something Mr. Crosby and the Massachusetts Gaming Commission should read.

Let’s look at their original plan:

Plainridge Park Casino

Plainridge Park Casino

SLOTS ONLY LICENSE – Plainridge Park Casino gets the revenue stream started, keeping Mass gamblers in state and luring way Rhode Island gamblers.  So far, it has been very successful while seeing a decline each month after its opening.

Wynn Everett Resort Everett, Mass

Wynn Everett Resort Everett, Mass

 

 

REGION A LICENSE – Wynn is hand picked after sending home Caesars, then allowing the glitz of Vegas to dismiss Mohegan Sun.

Wynn is now starting the clean-up of the old Monsanto waste site, in litigation with numerous parties, and considering changes to its proposal as this is posted.

MGM Springfield

New rendering of MGM Springfield’s

REGION B LICENSE – MGM Resorts is chosen in Springfield, only to have unapproved changes made, and delays estimated to put off the opening for three years.  Connecticut continues to pressure the MGM project with a third Casino of its own in a joint effort from Mohegan Sun & Foxwoods – somewhere withing the vicinity of 30 miles from Springfield.

Proposed Brockton Casino

Proposed Brockton Casino

REGION C LICENSE – Only Brockton remains, but hasn’t been given the license because of the rebirth of the Wampanoags Taunton project.  The MGC is taking a wait and see path, as Twin River bulks up with additional tables, added poker room, a hotel, and possibly moving Newport Grand to Tiverton – across the border from Plainridge Park in Plainville.

How is this all panning out?  Originally, four Mass. casinos would be looting & pillaging CT & RI casinos by 2017.  But it’s not looking like the plan is on track.

The main concern at this time for the Massachusetts Gaming Commission is should a Region C license be awarded at all.  According to MGC Chair Steve Crosby, “They can coexist……They would cannibalize one another. Neither one of them would do as well.”

But the main concern here isn’t casinos, community involvement, traffic, or lawsuits.  It’s cash, moolah, the almighty buck.

The expansive Mashpee Wampanoag  Casino Proposal in Brockton, Mass.

The expansive Mashpee Wampanoag Casino Proposal in Brockton, Mass.

Under the compact between the Mashpee Wampanoag Tribe and Massachusetts, the state would collect 17% of the tribal casino’s gaming revenues, compared with 25% of revenues from the commercial casino. However, the tribal casino would not be required to pay taxes if a commercial casino were to open in the same region. Which would mean the same number of gamblers, but half the revenue to the state. Would the MGC deny Rush Gaming a chance in Brockton because the Mashpee Wampanoags project looks more likely to happen than three months ago? Is one large Tribal casino better than two casinos – tribal and commercial – co-existing?

Remember, the Massachusetts  Casino Law in 2011 didn’t become law because the Massachusetts legislature thought adding the devil of gambling to its list of tourist attractions, it was the greedy devil from within to get their Bay State money back that had been spent by Massachusetts patrons for years in Connecticut and Rhode Island.

Spock in "Amok Time" - Star Trek.

Spock in “Amok Time” – Star Trek.

I guess it’s not that easy to build a casino and hear the stream of money drop into Massachusetts coffers.  Dear Mr. Crosby, “With great power comes great responsibility.” Or,  as Spock said in Star Trek, season 2, episode 1 (“Amok Time,” 1968) , ““After a time, you may find that having is not so pleasing a thing after all as wanting. It is not logical, but is often true.”

That’s all for now.

Binbin

 

Massachusetts Casino Industry – NETG’s “Binthsayer” Predicts The Future of New England’s Casinos

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The “Binthsayer”

As I was having breakfast this morning, I was wondering what to post about today.  Nothing came to mind….until I checked my news alerts.

The Sky Is Falling On Massachusetts’s Casino Industry!!!

Numerous articles posted and rehashed concerning the destiny of the Massachusetts Gaming Industry – oh the horror, oh the humanity!

Melodrama & hyperbole aside, allow the “Binthsayer” to predict, dispel, and cut to the reality the Massachusetts Gaming Menagerie.

Here we go.

  1. Massachusetts will not have a full slate of casinos until 2018 – True.  MGCNo extra tricks that Mr. Crosby has up his sleeve won’t change the traffic construction in Springfield and won’t clean up the mess in Everett (both outside and within the Wynn property) to start before then.
  2. Plainridge Park Casino is positive sign. – True, 392168-entering-plainridge-park-dc214but by 2017, the new flavor in New England will wear off, and it will be a nice little “box of slots” competing with raised competition in CT, RI and ME.
  3. Steve Wynn’s Everett casino project, after facing hurdles of legal suits, Massachusetts gaming “quirks” and toxic waste will pull out of Massachusetts. – False – VERY FALSE!
    Wynn, Everett Mass

    Wynn, Everett Mass

    Look, as much as I despise his arrogance, he is an astute business man and a visionary.  He knows the future success that the Boston market will bring.  Like it or not, Steve Wynn is here to stay.

  4. The Massachusetts Gaming Commission (MGC) might not back any of the proposals in Region C if they decide the market will become oversaturated. – False.  The MGC is drooling over the initial success of Plainridge Park and certainly will want more. They now feel Massachusetts is going to be Casino Mecca in New England.  Region C will see a casino in either New Bedford or Brockton.
  5. The Mashpee Wampanoag tribe will eventually establish a casino in Taunton.Mashpees The future is murky here. This is the only answer I seek that eludes my crystal casino ball. New BIA recognition changes could nix the Taunton casino all-together.
  6. Aquinnah Wampanoag tribe, will establish a Class II casino in Martha’s Vineyard. – False.  It will open a bingo hall, but that’s as far as it goes.
  7. MGM will change and down-scale its Springfield project due to increased CT competition on the border – NOPE.  imagesYou mean to tell me one of the largest and most succesful of Casino Companies in the World is intimidated by another casino in Connecticut?  Pshah…..if they make changes to their original design, it will be due to other factors such as historical buildings, the new traffic construction, or simply changes to support current trends.
  8. Will there be a new casino in Connecticut – Yes.  But if so, it might open the door to more competition for that site, raising havoc with the tribal slot %pact with the state. It might open the door to privatized casino companies vyinmg for that casino, since it would be the first off tribal land.
  9. Will there be new casinos in Maine? – Nope
  10. Will there ever be a casino in New Hampshire? – (chuckle) When pigs fly!  pigs_fly_tujs

 

 

There you are.  Now everyone can relax. the Binthsayer has predicted to New England Casino future.  Sit back and enjoy the entertaining next two years of the a new soap opera happening before our eyes.  Let’s call it “The Old, and the Arrogant”……. or maybe “As the MGC Turns” or “Casino Revenue is a Many Splendored Thing””…….i got it,

“Steve Wynn’s Place!”

Steve Wynn

Steve Wynn

 

The Binthsayer is now tired with so much investigation into the future.  Must rest.

That’s all for………..zzzzzzzzzzzzzzzz