Casinos

As the Globe churns

The newspaper industry is volatile enough because of outside pressures that stability at the top is a requirement to ensure as smooth a ride as possible in navigating the shifting dynamics of the changing business. But with the abrupt and immediate resignation of Boston Globe president and CEO Doug Franklin on Tuesday, owner John Henry(...)

Read More »

Are thoroughbreds a good bet for the state?

Are thoroughbreds a good bet for the state?

Beacon Hill struggling with subsidies for the sport of kings

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(...)

Read More »

Beating the craps out of each other

Beating the craps out of each other

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

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(...)

Read More »

Crosby: Thoroughbred racing can be saved

Crosby: Thoroughbred racing can be saved

Asks lawmakers for control of horse racing funds

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(...)

Read More »

Gaming Commission: Hands off horse fund

Gaming Commission: Hands off horse fund

Members seem eager to revive thoroughbred racing

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,(...)

Read More »

Idle horse race funds attracting interest

Idle horse race funds attracting interest

Senate wants to snatch $15m to help balance budget

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(...)

Read More »

Union-only deal sent Wynn casino costs soaring

Union-only deal sent Wynn casino costs soaring

Project labor agreement had same impact at UMass Boston

FEW WOULD DOUBT that developer Steve Wynn is a very savvy guy.  It turns out, though, he’s getting a lesson in competition and how his own decisions have helped lead to his Everett casino being $300 million over budget. You see, Wynn agreed to a project labor agreement (PLA) for the project, which requires that(...)

Read More »

Rosenberg pans casino last call provision

Rosenberg pans casino last call provision

Says casinos relentless in trying to change the rules

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(...)

Read More »