Tangled web for Massachusetts casino scene

The Massachusetts Gaming Commission plans to award a casino license in Massachusetts in September as it brushes aside concerns voters will decide in a November referendum to repeal a state law allowing casinos.

Wynn Resorts (WYNN +0.6%) and Mohegan Sun are battling for license in the Boston area, while MGM Resorts (MGM +1.4%) has already been granted a license for a complex in Springfield.

The political backdrop in the state is clouding the casino scene with both the state AG and the mayor of Boston letting their opinions be known.

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Comments (2)
  • warrenrial
    , contributor
    Comments (550) | Send Message
    Our corrupt gaming commission at work.
    2 Jul 2014, 03:01 PM Reply Like
  • Howard Jay Klein
    , contributor
    Comments (971) | Send Message
    I blogged on the circus today on my site casino management review.com. Its an absurdity entangled in a political brawl, entwined in the ineptitude of regulators who are putting the applicants through a nightmare of twists and turns and legal maneuvering by every level of government. This truly is the gang that can't shoot straight. The core problem is that the law's design is utterly flawed, based on dated stats on potential gaming win,etc. The legislators have just issued a budget that assumes a certain amount of casino tax revenue BEFORE the referendum this fall.
    Anyone who calculates Masschusetts into the projected earnings of MGM, Wynn is just as delusional as the politicos up there. A huge media battle is coming. The judge who ruled the public must vote gave everyone a mulligan and hold on to your hats---don't be shocked if the referendum okays gaming that opponents won't look for some legal loophole to have the results set aside by the court.
    2 Jul 2014, 03:19 PM Reply Like
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