HOT Stories more

Caesars Ent. attempting to stave off bankruptcy

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

top stories

Wynn Resorts is redesigning its proposed $1.6 billion resort casino in Everett. The updates were part of Wynn’s first status report to state regulators since besting Mohegan Sun for the lucrative Boston-area casino license last month.

Bob Christ’s breakdown of Pro Football Week 8 | Teams such as the Buccaneers that lose by 30-plus points the week before a bye, have come back strong their next game, going 8-0-1 ATS the past six seasons.

NCAA Football Betting Primer | The story of two teams heading in opposite directions as the Buckeyes have won four straight contests by the staggering average of 38.7 points per game, while the Nittany Lions have dropped their last two outings.

Trump Entertainment Resorts is dropping its threat to close Atlantic City’s Taj Mahal casino on Nov. 13. The company said it still cannot guarantee the Taj Mahal won’t close by the end of the year, but said it will remain open throughout November.

Bob Christ’s Thursday NFL Football Breakdown | When Denver plays host to San Diego on Thursday night in Week 8, Denver QB Peyton Manning will be going against one of the few teams that packs kryptonite when it faces the record-setting quarterback.

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology