Massachusetts More Worried, Not Mohegan Sun, About New England’s Casino Share

Massachusetts

Massachusetts Casino Industry Worried?

After chatting with friends and colleagues recently in Las Vegas concerning their thoughts on Massachusetts’ Gaming Expansion, it seemed to be unanimous – Massachusetts is doing it their way, but not necessarily the best way.  They are running a little scared lately, but are too stubborn to show it. It includes badgering Steve Wynn, making Rush Gaming Developers wait for a Region C decision, and letting MGM

MGM Springfield

New rendering of MGM Springfield’s cut down proposal.

change this and that without approval. It seems the Bay State’s opinion of Mohegan Sun Resorts follows the same narrow-minded spin.

Bruce Mohl, from Commonwealth Magazine, recently reported in his article “Casino Border Wars” that Mohegan Sun as an underachiever not good enough for Massachusetts.  With the history Mass casinos so far, they would have been so lucky to have Mohegan Sun part of that gambling Plan.

His reasons for such a poor opinion of the Mohegan Tribe’s casinos?  Well, let’s take a look:

  1. A key reason for the casino’s success was the large number of customers pouring over the border from Massachusetts. That’s True. But let’s include Maine, NH, Vermont, Rhode Island, NY, and NJ (which took a bite out of Atlantic City).  It’s because both Foxwoods & Mohegan Sun are “Destinations,” unlike Plainridge Park Casino (a box of slots – MGM’s own description) and the proposal in Brockton which represents a mid-level locals casino in Nevada.
  2. Not welcome in Palmer.
    Mohegan Palmer Casino

    Mohegan Sun’s rendition of Mohegan Palmer Casino

    Palmer Mohegan Sun applied for the Region A (Western) license of 150 acres of land purchased in Palmer – land that was waste-free (Everett) and didn’t entail bulldozing blocks of historical buildings (MGM in Springfield) and was closer to the newest threat to western Massachusetts. The bid was rejected by 94 votes out of over 5200. Why? It would “destroy the rural character of a town.” So, instead, they mirror the state’s poverty level of 11% and added a Motor Speedway.  Go figure.

  3. Not Welcome in Revere. Mohegan Sun joined forces with Suffolk Downs in Revere in a bid to win the eastern Massachusetts casino license, however, Wynn Resorts was chosen to build a casino in Everett. Wynn was great in winning over the Gaming Commission, by criticizing the Revere proposal as Mohegan Sun’s pursuit was “to protect its flagship casino in Connecticut.”
    mohegan-sun-revere-casino-rendering-7414f532fa69586d

    Rendition of Mohegan Sun at Suffolk Downs in Revere

    The MGC believed it, even though the Mohegan Tribe has made Resorts Casino in AC a winner and it’s Mohegan Sun Pocono in Pennsylvania continues to be a success.

  4. Protecting It’s Own Casino Interests. Mr. Mohl and the rest of Massachusetts thinks it’s awful that Mohegan would expand to other areas to protect its assets. But, he just doesn’t get it.  MGM & Wynn expanded outside of Las Vegas, and they did it to expand their brand. MGM is looking at Georgia for an additional site, and both are in China. Expanding their brand.  Penn National expanded to Plainville after already owning Hollywood Hotel Casino in Bangor, Maine.  They now own two New England casinos, yet nothing was said about Plainridge Park protecting it’s Hollywood Casino.  The Mohegan Tribe, much like Penn, MGM, Wynn, Caesars’, etc have the right to expand.  If you’re successful in the casino industry, that’s what you do.

Mohl’s bottom line, and I quote, “What all this maneuvering tells you is that Mohegan Sun — and the state of Connecticut — are very worried about the impact of Massachusetts casinos on the casino businesses in Connecticut and willing to do just about anything to blunt their impact.”

If something doesn’t scare you, or threaten you, ignore it? But if it is a concern, pay a lot of attention to it – and that’s just what Massachusetts is doing.  CT knows that more casinos in New England will impact their two large destination casinos, so they are doing something about it.  But Massachusetts continues to look south to CT and south-east to Rhode Island as both states make plans to battle or New England’s gamblers.

Rendition Wampanoag Casino in Taunton

Rendition Wampanoag Casino in Taunton

Plainridge Park Casino

Plainridge Park Casino in Massachusetts

Massachusetts is the state most worried about it’s share of the pie.  MGM wouldn’t be trying to stall CT’s third casino and the MGC wouldn’t be considering no Region C license due to the Wampanoag’s casino proposal gaining momentum if they weren’t. Plainridge Park has seen two straight months of decline – a sudden concern – and Twin River & the CT casinos have seen positive revenue in recent months.  MGM says it’s not worried, but continues to cut back its approved proposal in Springfield, and both MGM & Wynn won’t be making money for the Bay State until late 2018.

So who’s doing the most maneuvering and who is the most worried?

I say Massachusetts.

That’s all for now.

 

Binbin

 

Wynn & MGM – Industry Giants: Arrogant Bullies or Just Acting Badly in New England

“Two guys walk into a New England bar….you’d think the second would have seen it.”  Old joke, I know.  But it fits as you will see at the end of this post.

New England

New England

There’s an old saying in New England about those of us who have lived her and grown up here all our lives. “We don’t accept friendship easily, but when we do, it’s everlasting.”

It’s true that a stereotype of New Englanders is that we can be disagreeable, tending to be suspicious & cautious until we get to know ya.  Trust seems to take more time here in the northeast than other places, but if trust is gained, it’s everlasting. Maybe it’s the tough winters, the three days of spring, the long humid summers, followed by a never-ending falling of leaves, leaves and more leaves.

Fishing in Rhode Island

Fishing in Rhode Island

Whatever is the cause – the weather, the blue-collar history of hard work in textile and fishing industries – when people move here to do business, they need to do their homework to earn our trust.

So in walks two big-wigs from the west.  They are convinced that a) no one knows the gaming industry better than them, and b) they are the kings of manipulation, unstoppable, having their own way, no matter what us peasants in New England want. It is an arrogance that has romanticized the Massachusetts Gaming Commission to the point that Steven  Crosby and his cronies are willing to give Murren & Wynn carte blanche! Continue reading

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

th (65)

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