The casino gamble
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Probably a little bit of both. Foxwoods’s troubles have come in part from increased competition — from things like the new slots at Aqueduct racetrack in New York and the huge expansion of gambling in Pennsylvania. Massachusetts is now poised to join in the feeding frenzy that is “cannibalizing” Foxwoods customers. That prospect can bring smiles here. The sweat beads come from the realization that the current woes at Foxwoods are likely to be the future problems of Massachusetts casinos, as New Hampshire, New York, and other states look to get in on more of the gambling action.
The story, which details the $2.3 billion in debt that Foxwoods has amassed, offers some other sobering observations. Today’s casino market is mostly a middle-aged crowd, and the growth of online poker means lots of young people “may never become casino habitues,” writes Michael Sokolove. “So at the same time that brick-and-mortar casinos are proliferating, the demographics may be working against the industry.”
Sokolove says such trends smack “of the despair you hear in the newspaper business over the advanced age of the core customers and the fear that younger people do not like the product enough to replace them.”
Lt. Gov. Tim Murray shows up at the St. Patrick’s Day breakfast dressed in race car driver clothes, and JKIII pokes fun at himself with a top ten list, NECN reports. US Sen. Scott Brown and Democratic challenger Elizabeth Warren play big roles at the breakfast, WBUR reports.
The Berkshire Eagle argues that lawmakers should revisit the flawed three-strikes bill.
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Wellesley examines the problem of hidden homelessness.
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Economist Alan Blinder talks budget deficits and other apocalyptic matters.
William Kristol revives an exchange from a 2008 debate in New Hampshire in which Mitt Romney says he was for mandates before being against them now. And for good measure the Weekly Standard runs the piece with a picture of Romney and the late Ted Kennedy.
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GOP leaders say Democratic US Rep. John Tierney is beatable.
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Wall Street lines up for Fannie Mae-owned foreclosures.
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The Northeastern University Initiative for Investigative Reporting documents how the state’s medical board simply disappears records of doctors with embarrassing histories.
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New York magazine profiles the lawyer behind the Supreme Court challenges to nationalized health care.
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