New Hampshire casino to compete with Mass. casinoApril 22, 2013 6:09 PM by Ray Poirier
Pity the poor $340 million casino in New Hampshire as it tries to compete against a $1 billion casino in the northeast section of Massachusetts. It might just as well have been limited to a video slot barn.
That was one of the concerns expressed at a public hearing held last week to consider a proposed casino bill that would require a New Hampshire licensee to invest $425 million (less the $80 million paid up front for a license) for a gambling facility.
That property, noted speakers, would have to compete in Massachusetts against a $1 billion complex being proposed for either Suffolk Downs, to be operated by Caesars Entertainment Corp., or a Wynn Resorts Ltd. development to be located in Everett on the site of the former Monsanto Chemical plant.
And another thing, said Clyde Barrow, director of the Center for Policy Analysis at the University of Massachusetts-Dartmouth: People visiting casinos don’t necessarily gamble. In fact, over the last decade, it has been found that as many as 20 percent of casino goers do not gamble. They are there for the amenities such as spas, restaurants and scheduled entertainment, he said.
Faced with the prospects of such amenities being offered in Massachusetts, the New Hampshire casino might consider just going with slots, such as those seen in so-called racinos.
Apparently forgotten were the years when major thoroughbred racing being conducted at Rockingham Park in Salem competed directly with major thoroughbred racing being held at Suffolk Downs in East Boston. History shows both facilities suffered from reduced attendance and wagering.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at RayPoirier@GamingToday.com.
Days before the fight, one Manny Pacquiao believer had already put $500,000 on his man in the MGM Grand sports book. Now, book operator Jay Rood is working hard to balance the action.
The Kentucky Derby seminar took place last night at Palace Station and here is what Richard Saber of GamingToday, Ralph Siraco of Race Day Las Vegas and Professor Gordon Jones came up with.
Steve Wynn has made it clear that there is no quick fix to what is now ailing the Macau casino business. Business in this part of the Macau casino business is off 40-45 percent.
Resale ticket prices for Saturday’s fight between Floyd Mayweather and Manny Pacquiao are dropping as new inventory floods the secondary market. The cheapest ticket on StubHub is now listed at $3,389, a 19 percent drop from Tuesday’s get-in ($4,200).
Quotes from 141st Kentucky Derby Post Position Draw Jim Cassidy,Todd Pletcher, George Weaver, Mark Casse, Michael de Kock, John Terranova, Bob Baffert, Carla Gaines, Simon Callaghan, Mike Maker, Dale Romans, D. Wayne Lukas.