HOT Stories more

Genting to open Hyatt Regency Jeju Hotel casino

Article

New Hampshire casino to compete with Mass. casino

April 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.

Like GamingToday on Facebook GamingToday on Facebook      and        Follow GamingToday on Twitter GamingToday on Twitter

GamingToday subscription ad

top stories

Caesars Entertainment Corp. (CZR) has reached an agreement with its most-senior lenders on a restructuring plan that includes turning its largest unit into a real estate firm, according to a report this morning from Bloomberg.

GamingToday welcomes Alan Berg who will be writing a weekly Fantasy Football column. 

Pokin' Around | At age 65 and nearly 12 years removed from his last NFL head coaching job, the fire still burns within Jim Fassel. He’s just waiting for the right offer.

New Jersey Gov. Chris Christie’s hope that a private operator would boost the state’s lottery proceeds seems to be dwindling as revenue declined 9.2% during the period between July 1 and Oct. 31.

Louisiana’s 14 riverboats, four racetrack casinos and Harrah’s land-based casino brought in nearly $194.6 million in October, 3.9 percent better than the $187.3 million the gambling halls won the year before.

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology