Historic Horse Racing Machines Test Massachusetts Casino Model
Historic horse racing machines could add competition for Massachusetts casinos as lawmakers negotiate whether to include the proposal. The post Historic Horse Racing Machines Test Massachusetts Casino Model appeared first on ReadWrite .
In an editorial, Wynn Resorts CEO Craig Billings contends that Massachusetts' proposed historic horse racing machines could weaken the state's 2011 casino framework. The concern lies in the machines competing for customers without the same obligations as licensed casinos. The original arrangement paired a limited number of casino licenses with significant private investment, job creation, tax revenue, and community payments.
Massachusetts initially authorized three resort casinos and one slots facility under this model. However, a recent economic development bill amendment could now allow horse racing licensees to operate historic horse racing machines at Suffolk Downs and Raynham Park simulcast centers. Casino operators and the Mashpee Wampanoag Tribe oppose the proposal.
Billings points to other gambling expansions by the state, such as live sports betting, online lottery sales, and potential online casino legislation, arguing that adding more products could split demand among more operators and put pressure on casino revenue. The state's three casinos generated $101.9 million in gross gaming revenue in August, while Massachusetts has collected about $2.53 billion in casino taxes and assessments since their inception.
Written by urgent.news from ReadWrite's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
