Gambling

Are thoroughbreds a good bet for the state?

Rolling the Dice/ Summer 2017

Are thoroughbreds a good bet for the state?

Beacon Hill struggling with subsidies for the sport of kings

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TEN HORSES SHOOT OUT of the gate with Simply Mas moving quickly to take the lead. The pack bunches up at the first turn, with Worth the Worry moving up on the inside and Goodbyeguinessbok gaining ground on the outside.  As they head down the stretch, Simply Mas fades and Worth the Worry surges to(...)

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Beating the craps out of each other

Summer 2017

Beating the craps out of each other

A Massachusetts-Connecticut border war over gambling stirs fears of an Atlantic City meltdown

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Illustration by Phil Foster CASINOS ARE ABOUT GAMBLING. Take away the restaurants, the shops, and the entertainment and what remains is the foundational reason for a casino’s existence—getting people to come and leave their money behind, lured by the slim chance they might walk away with a fatter wallet. Those who build and operate the(...)

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Crosby: Thoroughbred racing can be saved

Rolling the Dice

Crosby: Thoroughbred racing can be saved

Asks lawmakers for control of horse racing funds

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THE STATE’S ON-THE-ROPES thoroughbred racing industry can be resurrected, the chairman of the Massachusetts Gaming Commission said in a letter to the Legislature on Wednesday. Stephen Crosby, the chairman of the commission, acknowledged in his letter that the thoroughbred industry is on the verge of losing its one operating track, which plans to hold only(...)

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Leave horse race fund for the horses

Opinion

Leave horse race fund for the horses

Pot of gambling money is working as intended – for harness racing

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IT’S BUDGET SEASON at the Massachusetts State House and once again this year there have been some efforts to raid the Race Horse Development Fund to help address the state’s revenue shortfall. Proponents of this step argue that horse racing is a fading industry in Massachusetts and that gaming revenue placed in the fund could(...)

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Gaming Commission: Hands off horse fund

Rolling the Dice

Gaming Commission: Hands off horse fund

Members seem eager to revive thoroughbred racing

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STILL HOPEFUL THEY CAN REVIVE thoroughbred racing in the state, the members of the Massachusetts Gaming Commission on Thursday said they intend to lobby lawmakers to leave intact a fund designed to prop up the industry. A number of proposals have surfaced on Beacon Hill in recent weeks to tap the Horse Race Development Fund,(...)

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Idle horse race funds attracting interest

Rolling the Dice

Idle horse race funds attracting interest

Senate wants to snatch $15m to help balance budget

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IT’S DANGEROUS TO LEAVE millions of dollars lying around these days on Beacon Hill. Someone is likely to snatch the money. The state’s Horse Race Development Fund is a case in point.  Set up to sweeten the purses of horse races, the fund draws its revenue from a tax on casino gambling. Harness races in(...)

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Wynn: Building in Boston is expensive

Rolling the Dice

Wynn: Building in Boston is expensive

‘We were surprised. We took a lot of bids’

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STEVE WYNN TOLD FINANCIAL ANALYSTS on Tuesday that he has been very surprised at how much it is costing to build his hotel and casino in Everett. As previously reported, the $2.4 billion price tag is up about $300 million since August. But Wynn said the cost wouldn’t be rising anymore. “That’s the end of(...)

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Rosenberg pans casino last call provision

Rolling the Dice

Rosenberg pans casino last call provision

Says casinos relentless in trying to change the rules

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SENATE PRESIDENT STANLEY ROSENBERG said on Thursday he was not a fan of a House proposal that could allow Massachusetts casinos to serve alcohol to patrons for an additional two hours – until 4 a.m. Rosenberg, who shied away from discussing other aspects of the House budget at a meeting with reporters, showed no reticence(...)

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A later last call for casinos?

Rolling the Dice

A later last call for casinos?

House budget plan allows drinking until 4 a.m.

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THE MASSACHUSETTS GAMING COMMISSION could allow casinos to sell liquor to gamblers an extra two hours – until 4 a.m. – under an outside section of the House Ways and Means budget proposal. Current law bars liquor sales at casinos beyond 2 a.m., which matches existing state law. The House proposal would allow the Gaming(...)

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