from the Boston Herald (10/13):
Casino bidders get 3 tries
Plan lets gaming cos. hedge bets
By Scott Van Voorhis
October 13, 2007
"Gaming companies looking to gain a foothold in the Massachusetts market may be able to exploit a potentially valuable wrinkle in Gov. Deval Patrick’s recently unveiled casino proposal.
Patrick’s plan calls for three resort casinos in three different parts of the state. While no gaming company or developer can build and operate more than one casino, there is no prohition [sic] against the number of bids a single company can submit.
That means some gaming companies could hedge their bets - and increase their chances of landing a coveted casino license - by subitting bids in two or even three regions. Under Patrick’s plan, one casino will be awarded in each of the three main sectors of the state, Greater Boston and the North Shore, Western/Central Massachusetts, and Southeastern Massachusetts." ...
"The Aquinnah Wampanoag tribe of Martha’s Vineyard, for example, has an agreement to work with landowner Northeast Resources on sites both in New Bedford, in the Southeastern region, and in Palmer, in Western Massachusetts, according to Northeast’s Leon Dragone. The Palmer plan calls for a $1 billion casino backed by Mohegan Sun.
Meanwhile, Sheldon Adelson, head of the Las Vegas Sands Corp., has looked at sites in the Marlboro area. That’s right on the dividing line between the Boston area, as defined in Patrick’s casino plan, and Western/Central Massachusetts.
Rev. Richard McGowan, an economics professor and gaming industry expert at Boston College, pointed to a precedent in Pennsylvania, where Harrah’s Entertainment, submitted bids on a number of gaming sites."
For the complete story see:
http://www.bostonherald.com/business/general/view.bg?arti
cleid=1037778
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