from yesterday's Hartford Courant (10/5):
Gambling Misfortune
State's Casinos Aren't Recession-Proof After All
By ERIC GERSHON
The Hartford Courant
October 5, 2008
"In the early 1990s, as defense and insurance industry job cuts imperiled the state's economy, a twinkling Las Vegas-style business opened in the little town of Ledyard on land owned by the Mashantucket Pequot Indians.
It wasn't long before the Mohegan tribe opened its own casino, just 8 miles away, across the Thames River near the Uncasville section of Montville.
Gambling proved an economic dynamo. Foxwoods Resort Casino and Mohegan Sun hired tens of thousands of workers, generated billions of dollars for their owners and the state treasury and remade the image of the region. Growth became the status quo.
Now New England and the nation are struggling through the most serious economic crisis since big-time gambling came to Connecticut, and the mighty casinos suddenly seem more vulnerable than previously thought." ...
for the complete story
Monday, October 6, 2008
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