With Gov. Deval Patrick publicly admitting his casino proposal probably won't succeed, Connecticut is in the position to win and lose.
Already, recent months have seen a slowing in slot machine play. Casino execs say it's the price of gas, the downturn in the economy and increased competition from slot parlors in Yonkers and Rhode Island. Casinos in Massachusetts would bring thousands more no-arm bandits (mostly buttons these days, right?) into a market that could become supersaturated overnight.
But the Mohegans have already shopped a proposed casino in Palmer, Mass., and the Mashantucket Pequots have admitted to looking at various properties in the past. As the last annual report from the Mohegan Tribal Gaming Authority showed, having Mohegan Sun at Pocono Downs just outside of Wilkes-Baree, Pa., really helped shore up a disastrous December here in Connecticut. Diversification isn't just a hope anymore, based on the tribes' plans, it is more of a necessity.
Tuesday, March 18, 2008
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