Meetings & Information


Tuesday, August 16, 2016

Sucking $$$ out of the local economy?

Where do you think the money comes from?

Despite strong month, Plainridge short of year-one projections
Gross gaming revenue at the Plainridge Park slots parlor rose to $13.8 million in July, a 9 percent increase over the month before and one of the strongest months since the state’s first casino opened last year, Gintautus Dumcius of MassLive reports. For its first year of operation, Plainridge paid just over $88 million to the state, short of the $105 million in revenue projected before it opened, the Massachusetts Gaming Commission said. 
Meanwhile, would-be casino operators at the Mashpee Wampanoag Tribe say they want to formally be party to an ongoing federal lawsuit filed by neighbors seeking to block them from opening the First Light casino in Taunton. George Brennan of the Cape Cod Times reports that the tribe filed a request Monday to be party to likely appeals to be filed by the Department of the Interior after a federal judge ruled that officials erred when allowing the tribe to place the Taunton land into a trust.

Slots ringing at Plainville

The Lowell Sun
UPDATED:   08/15/2016

Colin A. Young
State House News Service
BOSTON -- Plainridge Park Casino had its best month of the year in July, pulling in nearly $14 million in gross revenue during the month, the Gaming Commission announced Monday.
The $13,877,522.81 in gross gaming revenue collected from the slots parlor in July is the greatest yield since August 2015, the second full month the Plainville parlor was open.
In total, players put $185,086,244.23 into Plainridge's slot machines and video table games in July -- a record amount for the slots parlor. Revenue from the gambling facility, the first to open under the 2012 expanded gaming law, is taxed at 49 percent, the Gaming Commission said, meaning the state's cut for July was $6.8 million. Of that, 82 percent -- or $5,551,021.12 -- will be returned to the state to be distributed to cities and towns as local aid and 18 percent -- or $1,248,979.75 -- will go into the Race Horse Development Fund, an account designed to sweeten purses for live horse races in Massachusetts.
Since Plainridge Park opened in June 2015, the state has collected $71,969,795.87 for local aid and another $16,193,204.07 for the horse racing fund, a total of $88,162,999.94 in collected state taxes, according to the Gaming Commission.
Once two resort casinos under development open to gamblers, Massachusetts can expect to pull in close to $300 million in annual gaming revenue and municipalities can likely plan on more state aid flowing their way, Gaming Commission Chairman Steve Crosby said on the radio last week.

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