Delaying casino openings could cost state $700M a year, experts say


LOSS OF REVENUE THAT CASINO
ADVOCATES ARE FOCUSED ON
OPENING TWO OTHER GAMING
FACILITIES.
Reporter: PLAIN RIDGE
ESTIMATES IT COULD TURNOVER
$110 MILLION THE FIRST FULL
YEAR OF OPERATIONS.
THE OP OPTIMISM IS BASED
PARTLY KNOWING IT WON’T FACE
COMPETITION FOR SEVERAL
YEARS.
MGM GRAND WANTS TO PUSH BACK
OPENING DAY A YEAR BECAUSE OF
ROAD CONSTRUCTION.
THEY SAY EACH YEAR IT IS NOT
OPEN COSTS DWOS 7 MILLION —
$270 MILLION TO THE STATE.
IT INCLUDES THE GAMING TAX,
FOOD AND BEVERAGE AND PAYROLL
ALL COMBINED.
LAWSUITS FILED BY THE
SURROUNDING CITIES LIKE BOSTON
AND A WARNING THAT TRAFFIC
STUDIES ARE INADEQUATE AND
COULD MEANS 2018 WON’T HAPPEN
EITHER, BUT THEY REFUSE TO
START A PUBLIC FIGHT.
MAYOR WALSH HAS A LOT OF
CONCERNS AND HE IS STILL VERY
UNHAPPY.
DO YOU SUSPECT HIS PUSH WILL
DELAY THINGS EVEN FURTHER?
WE ARE TRYING TO KEEP THE
PROCESS MOVING FORWARD.
Reporter: CASINO EXPERTS SAY
THE STATE’S LOSS WITH DELAYED
OPENINGS COULD BE $600 MILLION
TO $700 MILLION A YEAR.
IS THE STATE LOSING MONEY?
DEFINITELY.
AT THE SAME TIME ONE COULD SAY
IT WON’T AFFECT LOTTERY SALES
WHERE THEY MAKE 100% OF THE
RECEIVE KNEE.
Reporter: DELAYS ARE
INEVITABLE WITH MOST CASINO
PROJECTS IN EVERY STATE
BECAUSE THE PENALTY FOR MOVING
TOO QUICKLY IS EVEN MORE
COSTLY.
WHAT HAPPENED IN SOME
STATES LIKE PENNSYLVANIA WHERE
THEY FOUND OUT THEY GAVE THE
LICENSE TO SOMEBODY WHO WAS A
CONVICTED FELON AND THEY
DIDN’T DO THEIR HOMEWORK
RIGHT.
Reporter: HE WILL FIND OUT IN
ABOUT A MONTH IF THEY WILL
APPROVE IT.
THE 2018 OPENING DATE COULD BE

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