Casino Gambling in Massachusetts – Is This the Way to Fix a Faltering Economy?

By
Real Estate Agent with The Buyers' Counsel

Roulette WheelThe issue of Casino Gambling in Massachusetts has had new life breathed into it this week.

House Speaker Robert A. DeLeo has said that he has "expanded his thinking" and would like to see resort casinos implemented in Massachusetts.  Prior to this he had only supported the idea of slot machines at the state's horse and dog tracks.  

He joins Senate President, Therese Murray who said a speech on Friday that Massachusetts should legalize casinos and specifically capture some of the revenue that is escaping to Connecticut through Foxwoods Casino and the Mohegan Sun

At a Chamber of Commerce breakfast, Murray said, "If we are going to approve gaming, we should explore the option of resort-style destination casinos." 

"The reality is that hundreds of millions of dollars are going to Connecticut from Massachusetts residents every year.  We need to explore ways to capture that revenue.  In addition to retaining the revenue, it will create jobs and get people back to work." 

Governor, Deval Patrick, has been in support of this idea for quite some time and his proposal to have three resort casinos licensed was defeated last year only due to the opposition from then House Speaker Sal DiMasi.  

With DiMasi's departure, the issue has shifted dramatically.  It seems no longer to be a question of if we will have casinos in this state - but, when? 

Opponents say that gambling is addictive.  But an equally important question may also be - why now?  

The casinos to the south of us in Connecticut are no longer producing the revenue that they once did and some may even say they are struggling.  The Globe recently reported that Foxwoods, the former success story in the industry, has laid off 6 percent of its workers and has seen revenues from slot machines plunge. 

The gaming industry seems to be hurting at the moment.  So, some may wonder how this proposed plan could help our economy.

The question right now might be - are casinos the safest bet for Massachusetts?

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Copyright 2009 - Claudette Millette, President, TheBuyersCounsel -  800-392-1446, E-mail    

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Ambassador
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Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

I'm not sure if it is an answer to a faltering economy. But in my own conscience, anything that could result people into bad spending habits and a life long of bad choices, I would AVOID it like a plaque. Sorry, Claudette - I'm not a MA resident and neither would I pretend to know how to fix the situation. But my word on the subject stands.

Sep 20, 2009 01:16 PM #1
Rainmaker
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Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass

Hi, Loreena:

Thank you for your opinion.  No need to be sorry.  I'm not for it either. Our governor, along with a significant number of our politicians are pushing for it and it looks like it may happen but I don't think it is a wise solution to our problems. 

 

Sep 20, 2009 03:21 PM #2
Rainer
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Not a real person
San Diego, CA

Casinos everywhere are "struggling," but one really has to define "struggling" to determine if they are making money or not. Casinos out here are struggling to make trillions of dollars instead of just billions.

Sep 21, 2009 03:21 AM #3
Rainmaker
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Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass

Russell:

Do you have casinos in San Diego? I did not know that.

 

Sep 29, 2009 11:57 AM #4
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Claudette Millette

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