Meetings & Information




*****************************
****************************************************
MUST READ:
GET THE FACTS!






Showing posts with label Hollywood Slots. Show all posts
Showing posts with label Hollywood Slots. Show all posts

Wednesday, June 15, 2016

Bangor and Hollywood Casino reach deal on tax dispute




Bangor and Hollywood Casino reach deal on tax dispute


Chris Facchini , WCSH 6:58 PM. EST May 12, 2016

BANGOR, Maine (NEWS CENTER) -- The City of Bangor and Hollywood Casino have settled their year-and-a-half long tax dispute over the value of the Casino Property.  Both sides have agreed that the Casino is worth less  due in part to increased competition from the Oxford Casino.
The slot machines Hollywood Casino are  bringing in about 15 percent less cash since Oxford Casino opened, according to revenue figures posted on the Maine Gambling Control Board website.
City Tax Assessor Phil Drew issued a press release stating that both sides agreed that the value should be dropped from $97.5 million dollars to $82.5 for the April 1, 2015 assessment and $80 million for the April 1, 2016 and 2017 assessment.
That is an amount that is far less than what Hollywood Casino had asked for in an appeal it filed with state which argued the casino, hotel, and harness racing track were over-valued by more than $60 million dollars.
"I think hollywood casino thinks its very fair and they are very happy with how its played out,"  said Dan Cashman, a spokesman for Hollywood Casino.
Cashman says both sides worked out their differences and are prepared to move forward under the new normal with expanded gambling in Maine.  
in 2015 Hollywood Casino reported netting about $53 million in slot machines and table games revenue , which is down from a high of about $62.6 million in 2012.
Both sided acknowledge increased gaming revenue has had an impact and there have been recent attempts to bring another casino to southern Maine.   
"I think there is pretty hard proof that there is an impact and you also have to look at not just in Maine but the borders outside of Maine.  There's new  casinos in Massachusetts, there's a possibility of casinos in New Hampshire and Canada," said Cashman
Cashman did add that Hollywood Casino feels it will continue to be successful because of its strong relationship with the city, and Bangor's increased popularity as a destination for tourists due to events like the Waterfront Concert Series and the Queen City's many festivals.



Friday, January 1, 2016

Massachusetts: Familiar Patterns Repeated By Gambling Vultures, Don't act surprised!


The Gambling Vultures follow a predictable pattern....they've done it elsewhere! 




Early in the process of 'organizing,' the Massachusetts Gambling Commission conducted several Edumacational Forums....during one of the Forums, the Casino Experts discussed that Twin River had TABLE GAMES with which the Plainridge Slot Barn would be unable to compete ..... 

Predictable Solution? 

ADD TABLE GAMES! 

On the right side of this page is a lengthy list of categories, for example TABLE GAMES.  

Massachusetts taxpayers; hard-earned dollars funded reports prepared by CASINO EXPERTS that included BOGUS PROJECTIONS - clearly overstated JOB CREATION and OVERSTATED REVENUE PROJECTIONS in order to SELL Predatory Gambling to politicians whose egos were stroked by Gambling Lobbyists and  should have known better, Unions salivating for JOBS and a public all too willing to follow without question. 


Blindly Accepting Overstated Projections




gambler's assumption of risk should not be forgotten or forgiven as revenue from the Plainridge Park Casino fails to meet rosy projections. The slot ...

JOAN VENNOCHI

State should not cover Plainridge’s bet



DECEMBER 31, 2015

BY DEFINITION, GAMBLING is risky business.

And, according to the basic rule of play in any game of chance, the risk falls on the gambler — be it a senior citizen who loses his social security check to a slot machine, or one casino operator who loses customers to another casino operator.

A gambler’s assumption of risk should not be forgotten or forgiven as revenue from the Plainridge Park Casino fails to meet rosy projections. The slot parlor, located in Plainville, was expected to take in $262 million in its first year. However, that revenue projection has fallen to $160 million.

Plainridge was supposed to keep Massachusetts gamblers away from Twin River Casino in Lincoln, R.I., located just 11 miles away. It hasn’t. The Rhode Island venue offers a variety of table games and allows smoking. Constrained by Massachusetts law, Plainridge is a no-smoking facility, with no table games.

Penn National Gaming, the Plainridge casino operator, knew of those restrictions when it competed for the state’s only license for a slot-machine parlor. They assumed the risk that goes with it. A lesser haul than expected doesn’t change their obligations to the state.

Under the state’s 2011 gambling law, the casino owes Massachusetts 49 percent of its gross gaming revenue. If the casino makes less money than projected, so does the state. Based on current revenue projections, the state would receive about $78 million from Plainridge. Plainridge is also expected to pay about $1.5 million in local property taxes to Plainville.

No matter what the casino takes in, Penn National should not come looking for any tax reductions from the Commonwealth. But that’s what Penn National is doing in Bangor, Maine, where its slot parlor opened to much celebration – just like the one in Plainville. At first, revenue poured into Bangor’s Hollywood Casino — just like it did in Plainville. Then business fell off — just like it has in Plainville.

In Maine, when revenue dropped, Penn National lobbied for a tax break. When the local board of assessors voted against it, Penn National appealed. A saturated gambling market has led to similar requests for tax mercy from casino operators in other states.

Casino operators hand no money back to their losing patrons. Massachusetts should hold the operators to the same standard.

A gambler’s assumption of risk should not be forgotten or forgiven as revenue from the Plainridge Park Casino fails to meet rosy projections. The slot parlor, located in Plainville, was expected to take in $262 million in its first year. However, that revenue projection has fallento $160 million.

Plainridge was supposed to keep Massachusetts gamblers away from Twin River Casino in Lincoln, R.I., located just 11 miles away. It hasn’t. The Rhode Island venue offers a variety of table games and allows smoking. Constrained by Massachusetts law, Plainridge is a no-smoking facility, with no table games.

Penn National Gaming, the Plainridge casino operator, knew of those restrictions when it competed for the state’s only license for a slot-machine parlor. They assumed the risk that goes with it. A lesser haul than expected doesn’t change their obligations to the state.

Under the state’s 2011 gambling law, the casino owes Massachusetts 49 percent of its gross gaming revenue. If the casino makes less money than projected, so does the state. Based on current revenue projections, the state would receive about $78 million from Plainridge. Plainridge is also expected to pay about $1.5 million in local property taxes to Plainville.

No matter what the casino takes in, Penn National should not come looking for any tax reductions from the Commonwealth. But that’s what Penn National is doing in Bangor, Maine, where its slot parlor opened to much celebration – just like the one in Plainville. At first, revenue poured into Bangor’s Hollywood Casino — just like it did in Plainville. Then business fell off — just like it has in Plainville.

In Maine, when revenue dropped, Penn National lobbied for a tax break. When the local board of assessors voted against it, Penn National appealed.

A saturated gambling market has led to similar requests for tax mercy from casino operators in other states.

Casino operators hand no money back to their losing patrons. Massachusetts should hold the operators to the same standard.



Sunday, November 1, 2015

Maine casino's tax break plea could be omen for Mass.




After hot start, Bangor casino slipping

Revenue drop spurs appeal for tax break

The blackjack dealer announced a winning hand at Hollywood Casino in Bangor, where the early crowds (below) have since gestures after dealing a winning hand at Hollywood Slots, Friday, March 16, 2012




ROBERT F. BUKATY/ASSOCIATED PRESS/FILE
A blackjack dealer announced a winning hand at Hollywood Casino in Bangor.


BANGOR — The slot parlor opened to much celebration, and racked up huge revenue at first. The new casino era looked bright, and a state that had long debated whether casinos were a good idea appeared to have locked in a steady stream of tax dollars.

But then business fell off, and before long, the owner of the casino was lobbying for a substantial tax break.

This is the tale that is playing out in Bangor, where Hollywood Casino has demanded that $850,000 be slashed from its annual property taxes, a reduction of almost 40 percent, and by far the largest tax abatement ever requested in this city of about 35,000 residents.

And some casino observers are saying that what’s happening in Maine could be a harbinger of what could happen in Massachusetts if its first casino continues to see a decline in its revenue, especially with as many as four more casinos possibly opening in the state over the next few years.

Casino operators, facing fierce competition, will likely argue that they will go out of business without tax relief from state and local governments, said the Rev. Richard McGowan, a Boston College professor and specialist in casinos.

“I can’t imagine the casinos in Massachusetts not asking for tax breaks after they’re up and running,” he said.

Another casino specialist, Denis P. Rudd, a Robert Morris University professor, pointed to online gambling as a growing threat to casinos, especially daily fantasy sports websites like FanDuel and DraftKings.

“Online gambling is eroding the customer base of casinos,” Rudd said. “There are only so many customers to go around.”

That was the case an attorney for Hollywood Casino made when he asked Bangor tax assessors for a break on Aug. 5, citing the opening in 2012 of a second casino in Maine.

“It’s not good times for the casino industry,” Jonathan A. Block said at the hearing, according to a videotaped recording posted on the city’s website. “The bottom line is that the supply of casinos is exceeding the demand.”

New casinos are opening in the Northeast “at a very rapid pace,” he said, driving down the value of existing ones, like the 10-year-old Hollywood.

When Hollywood first opened in a temporary facility, following years of debate and a contentious statewide election, it had a monopoly on Las Vegas-style slot machines for hundreds of miles in any direction.

Patrons filed into Hollywood Slots.
JOEL PAGE FOR THE BOSTON GLOBE/FILE 2005
Patrons filed into Hollywood Slots.
Hollywood could not expand fast enough, as gamblers came from near and far, quickly growing to include 1,000 slot machines, dozens of tables offering games like blackjack, poker, and craps, a 148-room hotel, and a multilevel parking garage.

Hollywood’s revenue began sliding in 2011, and took a big hit a year later when a rival casino opened in Oxford, about 130 miles away in the western part of the state, according to revenue figures posted online by the Maine Gambling Control Board.

In the last five years, Hollywood has lost about $240 million in annual slots revenue, while Oxford has picked up about $60 million, a net loss statewide of about $180 million.

Maine lawmakers are considering adding another casino in the southern part of the state.

Hollywood Casino is paying more than $2 million a year in local property taxes, based on a $100 million assessment of the value of its land and buildings. Block, however, told Bangor’s assessors that its property is worth about $60 million.

Hollywood also pays a percentage of its revenue to the state, but the casino operator is not challenging that tax.

Plainridge Park Casino, in Plainville, Mass., pays about $1.5 million a year in local property taxes. The slots-only operation enjoyed an overwhelming response from the public in its first week, making it, briefly, one of the most lucrative casinos in the country. But after Plainridge’s gala opening in June, its revenues slipped significantly in each of the next three months.

Those numbers have generated considerable uncertainty about whether Plainridge can hit the $200 million in annual revenue that was projected by the state Gaming Commission before its opening. Plainridge competes in an already crowded market, with three much larger casinos in Rhode Island and Connecticut within a 90-minute drive.

Plainridge is owned by Penn National, one of the top casinos companies in the country. Penn National also owns Hollywood. A Penn National spokesman declined comment.

Andrea Soucy, a member of Plainville’s Board of Selectmen, said Penn National has not brought up a tax reduction for Plainridge.

“Right now, they’re holding up their end of the bargain,” she said.

In Bangor, the board of assessors voted 5-0 to deny Hollywood’s tax abatement, but the case is on appeal before a state board in Augusta.

People interviewed in Bangor said they support the local board’s decision.

“I don’t think a tax break is appropriate for the casino,” said Shelley Miller, a local schoolteacher. “It’s a business, subject to market corrections.”

Even at the casino, patrons expressed reservations.

“When my 401(k) takes a tumble nobody’s there to make up my losses,” said Ronalda Sinclair, visiting from New Brunswick, Canada.

Sean P. Murphy can be reached at smurphy@globe.com.
Follow him on Twitter @spmurphyboston.




Tuesday, December 10, 2013

A Christmas Casino Poem



A Christmas Casino Poem
By
Bill Kearney

Twas the night before Christmas, when all through the house is barely enough food to feed a mouse. Our stockings had holes, chimney no heat, I waited in hope they’d return from the casino with something to eat. I’m a child of parents who got into bed with an industry that puts dancing fruits, bars and bells in your head....

My siblings were nestled all snug in their beds, this year it’s not sugar plums but despair in their heads. As I watch them drift off for a long winter’s nap, my prayers were for my parents to never go back. Then out in the driveway I heard such a crash, I ran to the window and threw up the sash.

Those lights of disaster made my vision clear but I couldn't comprehend what to my wondering eyes should appear, was it police cars and officers in full gear?

Mom’s hysterical using words I dare not repeat. Dad’s thrown down so
quick, now there’s no doubt our future is bleak.

More rapid than alcohol and drugs it came, and those in our government swear its okay. Once legal they whistled, and shouted, and called them by name! “Now Harrah’s! Now, Sugarhouse! Now, Mohegan Sun, and Hollywood! On, Parx! On Sands and Mount Airy! Throughout the state we’ll fill tax coffers for all! Now Bet away! Bet away! Bet away all!

Their money blows away in those slots like clouds in the sky, and so will their homes and families go by! So up to the house-top in debt they will be, with bankruptcy, foreclosure, and divorce bringing them to their knees.

One day in Philly I heard a man say we must stop the breeding of casino gambling degenerates today! He was dressed all in black, from his head to toe; he looked more like a gambler than a casino foe. His eyes-how they widen, his demeanor changed, as he addressed the non-ill effects of casino gambling our government proclaims.

His hands moved like pistons, his anger was seen as he exploited this industry like a well oiled machine. A bundle of safeguards he flashed out loud, things like no comps, no free booze, and no credit aloud.

Then he said something that made me think twice; “make casinos send monthly statements showing their sad plight.”

I thought of my family and where we might be, if they got monthly statements and casinos never opened near me.

Before he left I heard him say, “Merry Christmas to all” then he exclaim, “if we sit back and do nothing we’re all going to pay and those long sleepless nights may come your way.”

To learn more about Casino Monthly Statements go on line and Google-up Bill Kearney on casino gambling.
See More


Thursday, December 5, 2013

Maine: Oh! No! No increase in crime due to Gambling Addiction!



Yesterday at 5:46 PM

Former Troy clerk pleads guilty to embezzling town funds

Kathy Mattingly confessed to stealing nearly $20,000 in town funds.

 
BELFAST — A former Troy clerk pleaded guilty Tuesday in Waldo County Superior Court to embezzling nearly $20,000 in town funds.

Kathy Mattingly, 56, was arrested in June after she confessed to the embezzlement during an interview with a Waldo County Sheriff’s Office detective.
Mattingly’s attorney Nathan Bell said he and the state still are negotiating sentencing arrangements for the class C felony conviction of theft by unauthorized taking or transfer. A class C felony is punishable by up to five years in prison and $5,000 in fines.
He said Mattingly has serious medical problems and requires constant portable oxygen. Because of this, he said, it would be most appropriate for her to be placed under house arrest.
“This is a very sick lady,” he said.
The chairman of the Board of Selectmen, Brian Piper, did not immediately return a request for comment. Town Clerk Aimee Nelson said the town may have a comment at a later date.
Mattingly was clerk for more than a year in the town of 1,000 residents, which has a $526,000 budget this year.
Mattingly told police that when residents paid cash, she kept some of the money. She also confessed to writing checks to herself from the town.
The thefts first were reported to the sheriff’s office May 6, after selectmen found discrepancies in the records during an internal audit and about $18,000 missing, according to police.
The town also ordered an audit of its files, which discovered $19,813 was missing from town accounts.
Selectmen told Detective Gerry Lincoln, of the Waldo County Sheriff’s Office, that Mattingly was their first suspect. They told police that Mattingly had a gambling problem and they suspected she used the computer at work to gamble online. The sheriff’s office supoenaed her rewards card from the Hollywood Casino in Bangor as part of their investigation.
When Mattingly was arrested in June, she confessed to police that she had stolen the funds.

http://www.onlinesentinel.com/news/Former_Troy_clerk_pleads_guilty_to_embezzling_town_funds_.html

Sunday, September 8, 2013

What are we seeing when we see "successful" casinos?


What are we seeing when we see "successful" casinos? We're seeing how much money people lost to gambling.

Casinos don't add to the economy or to the community, they merely redistribute money, with a huge cut leaving the state in the pockets of the investors. The handouts to the host community aren't earned, and haven't come from a revenue stream that supports the consumer economy.

See more at:
http://bostonherald.com/news_opinion/national/northeast/2013/06/new_maine_casino_has_65m_in_1st_year_revenues#sthash.InwweiyL.dpuf

New Maine casino has $65M in 1st-year revenues

 
 
 
 
 
 
 
 
 
 
 
 
 

Thursday, September 5, 2013

Penn National: Misjudges Everything

Penn National was rejected by Tewksbury because residents didn't want a Slot Barn sucking discretionary income out of their community, creating Gambling Addiction, increasing CRIME and reducing property values.

Penn National is Out-Of-Touch and Deaf is they believe the 'Hollywood' name was the cause.

Support for Plainridge was justified, however flawed, because they were 'local' and supported the community. What has Penn National done for Bangor, Maine besides increase CRIME?

What has 'suitability' got to do with the legitimacy of HCAC transfer?
This is LAW, not public relations.  

"Suitable"? "...never been rejected for a license based on suitability"? My they're setting the bar high, aren't they?

Posted: Thursday, September 5, 2013 2:38 pm

Penn National says it's 'suitable' for slots license
BY JIM HAND SUN CHRONICLE STAFF

PLAINVILLE — Penn National Gaming executives said today that their company has never been rejected for a gambling license based on suitability.

Executives of the Pennsylvania-based firm said they have been outbid for licenses and had a rezoning request rejected by the Town of Tewksbury, but authorities in 18 states have determined they are suitable applicants for gambling licenses.

The company owns 27 gambling properties, including race tracks, casinos, riverboats and racinos, across the country and Canada.

The Massachusetts Gaming Commission is expected to rule on Penn National’s suitability for a slot-machine license later this month.

The owners of Plainridge Racecourse in Plainville were rejected as a slot-machine applicant by the commission last month based on suitability. A commission investigation had discovered former Plainridge President Gary Piontkowski had taken $1.4 million in cash from the track’s money room.

Since that rejection, Penn National has obtained an option to buy the track on Route 1 and are applying for the same slot-machine license.

The option is conditional on Penn National winning the license from the state.

Meeting with The Sun Chronicle editorial board today, company officials said they have always been found by authorities to be suitable applicants, although they have not always won the bid for a license.

Senior Vice President Steven Snyder also said the company has never lost a license because of suitability.

The question of suitability is a critical one in Penn National’s application for slot machines because Plainville voters go to the polls Tuesday to decide on whether to approve expanded gambling at the track not knowing where the Gaming Commission’s background check stands.

The commission is sending out a letter to voters explaining that the suitability question will not be decided until after the town election.

Company executives covered the suitability issue and several others pertaining to the option to buy the track during the session with the newspaper editorial board, including the future name of the track.

Vice President of Public Affairs Eric Schippers said Penn National will maintain the Plainridge name for the track rather than go with the corporate title of Hollywood that it uses at many other properties.

He said the firm learned during its Tewksbury experience that local people do not like the Hollywood label.


Tewksbury residents had the sense to oppose a SLOT BARN!


Snyder also said the company would stick with most of the physical plans Plainridge owners had for building a slot machine parlor.

He said voters can rest assure that the plan presented to them by Plainridge over recent months will be the same one Penn National will go with.

There may be some minor interior changes, such as the type of restaurants and entrance ways, but the location and height of the building, a parking garage and traffic improvements will remain the same, he said.

Snyder also said the election Tuesday is a question on whether Plainville wants slot machines at the track and whether it approves of a host community agreement selectmen have signed on to.

The agreement calls for the owner of the track to pay the town about $4 million a year in fees and taxes if it gets a slots license.

Synder said the election is not a referendum on the company that owns the track.

Oh? It should be!


Monday, September 2, 2013

Subsidies for Maine horsemen shrink this summer



Subsidies for Maine horsemen shrink this summer


By DAVID SHARP

Monday, September 2, 2013

In this Thursday, Aug. 29, 2013 photo, harness race horses cross the finish line at the Windsor Fair in Windsor, Maine. The state's casinos were supposed to help harness-racing tracks by funneling some of the proceeds to them, allowing them higher payoffs to keep horsemen from leaving the state. Instead, race tracks are struggling more than ever because wagering on horse races has fallen off as patrons migrate to casinos. Photo: Robert F. Bukaty
In this Thursday, Aug. 29, 2013 photo, harness race horses cross the finish line at the Windsor Fair in Windsor, Maine. The state's casinos were supposed to help harness-racing tracks by funneling some of the proceeds to them, allowing them higher payoffs to keep horsemen from leaving the state. Instead, race tracks are struggling more than ever because wagering on horse races has fallen off as patrons migrate to casinos. Photo: Robert F. Bukaty

PORTLAND, Maine — Slot machines have helped Maine's harness-racing industry by funneling millions of dollars to horsemen, breeders and tracks. But declining slot machine revenue at Bangor's Hollywood Casino and other factors, including fewer spectators, have led to a double-digit drop in purses this year.

Jay Burns of Topsham, who co-owns a racing horse, said he was shocked last spring to learn that a race that once paid $4,000 would now pay $3,500, and that's been the trend all summer.

"There's no way to make up the money," he said, pointing to his fixed costs of food, supplements, veterinary care, trainer, driver, stable and transportation costs.

Casino funding available for purses through the end of July was down 22.5 percent from the previous year, corresponding to a drop in slot revenue at the Hollywood Casino, according to Henry Jackson, executive director of the Maine Harness Racing Commission. That led to a 15 percent cut in purses, he said.

Industry officials say the opening of Oxford Casino siphoned away customers and revenue from Hollywood Casino. But there are other factors at play. Different contribution formulas for the two casinos, fewer spectators placing bets at tracks, unregulated online gambling and a weak economy are taking a toll, officials say.

It all makes for an uneasy feeling in the industry.

Mike Graffam, a horse farm owner in Falmouth, said he can't help but be concerned for the industry's long-term outlook when he sees a decline in spectators at tracks.

"It's sad to go to the races and not have the public there like we used to," said Graffam, who owns a 52-acre farm and bales hay on 100 more acres. "I almost feel like a dying breed."

Slot machines at the Bangor casino, which opened in 2005, were supposed to give a boost to harness racing and they've done just that with subsidies currently accounting for 80 percent of purses, officials say. Subsidies also go to breeders, track operators and off-track betting parlors.

Harness racing perseveres, with about 1,400 horses available for racing in Maine and 300 others used for breeding. Racing continues at two commercial tracks and at local fairs.

But there's been a dramatic change since the opening of Oxford Casino, which cut into Hollywood Casino's revenue but provides far less subsidies to horsemen and race tracks. The introduction of table games at Hollywood Casino further cut into slot revenues, but none of the table game income goes to the racing industry.

Of its gross slots revenue, Hollywood Casino is required to donate 10 percent to live-racing purses, 4 percent to harness-racing tracks, 3 percent to breeders, 3 percent to agricultural fairs and 1 percent to off-track betting parlors. Oxford Casino provides just 1 percent each to breeders, purses and agriculture fairs and nothing to commercial tracks.

"What we picked up from Oxford in new money won't fill the hole from the money that was lost from Bangor from the decline in revenue," said Don Marean, a state lawmaker and horse farm owner in Hollis.

Ed MacColl, an attorney for Scarborough Downs owner Sharon Terry, said the harness-racing track in southern Maine is being choked by the larger casinos.

"The largest gaming businesses in Maine used to be these racetracks. They were owned locally by people who'd been here a long time. They were neatly woven into the fabric of our fairs and the agriculture part of our economy. We're just replacing that with casinos that are owned by publicly traded, out-of-state mega firms," he said, pointing to out-of-state ownership of the two casinos in Oxford and Bangor.

The state has put a hold on any further gambling until a 20-member commission can study its impact.

The commission, which meets this week for a second time, aims to create a competitive bidding process for future casinos and slot machine licenses. Scarborough Downs and the Passamaquoddy tribe in eastern Maine both want to operate casinos.

For now, the fair season will soon draw to a close with the Windsor Fair on Labor Day, followed by fairs in Oxford, Farmington and Fryeburg. Harness racing at the commercial tracks in Bangor and Scarborough continues until later in the season.

Wendy Ireland of the Maine Harness Horsemen's Association said she believes the weak economy is mostly to blame for troubles and the industry is holding its own.

Back in Falmouth, Graffam said that while he sees warning signs, he remains hopeful about the future because of the passion of those who work in the industry.

"I still have owners who are hooked on horses. That's been my thing, too. Once you experience owning a horse and doing what we do, it gets stuck in your blood and it's hard to walk away from it," Graffam said.

http://www.fosters.com/apps/pbcs.dll/article?AID=/20130902/NEWS22/130909889/-1/FOSSPORTS

 

Friday, July 26, 2013

Tewksbury Residents Wary of Casino proposal



Tewksbury Residents Wary of Casino proposal

Traffic, gambling, and crime top list of concerns raised at first public meeting

Traffic, gambling, and crime top list of concerns raised at first public meeting

Hollywood Casino Hotel & Raceway in Bangor, ME, was referenced multiple times by PNG executives during TuesdayÕs presentation at the Board of Selectmen meeting. Source: Penn National Gaming, Inc. website


Posted: Saturday, July 20, 2013 8:56 am
Tewksbury Residents Wary of Casino proposal
By Jon Bishop Crier Correspondent
Woburn Daily Times, Inc.

TEWKSBURY—Penn National Gaming (PNG), a gambling company based out of Pennsylvania, wants to build a more than $200 million slots-only casino at Ames Pond.

Representatives predict more than $3 million in tax revenue for the town annually from 1,250 slot machines (the statutory limit), dining options, bars, and free parking in a companion garage. The developer promises more than 500 casino-related jobs, plus 1,000 more for construction. The revenue generated, according to Town Manager Richard Montuori, would go toward infrastructure projects.

Residents will vote their choice on the proposal in early September, but those that spoke Tuesday night remained underwhelmed.

In an interview Monday with Town Manager Richard Montuori and Community Development Director Steve Sadwick, Montuori stated that PNG had started scouting sites in Tewksbury in late May as part of a search along the 495 corridor. The firm decided on the Ames Pond parcel within the last two weeks. The parcel is currently owned by Legatt McCall Properties, a real estate management firm based in Boston. Montuori also reached out to leaders in Andover and Lowell to inform them of the proposal. Alex Vispoli, Chairman of the Andover Board of Selectmen, attended Tuesday’s meeting.

PNG’s predominant brand, Hollywood Casino, reflects “the glamour and sophistication” of bygone days in Los Angeles’s most famous neighborhood, says the firm. However, each casino is designed to specifically fit the local community through architectural cues, custom artwork, and desired facilities.

Representatives from Penn National, who spoke at the Board of Selectmen meeting Tuesday night, said that they currently don’t yet have a design plan. They first want input from residents. To that end the company launched a website during the Selectmen meeting, tweeting out photos of the presentation as it happened with a feed on the site, at www.HollywoodCasinoTewksbury.com.
Eric Schippers, the Senior Vice President for Public Affairs, said that this is a process.

“This is the start. We hope to continue the conversation,” he said. On Monday, in a interview Schippers told the Crier that when PNG seeks development in an emerging market, an active education campaign about the firm and what it does begins within the community and with neighbors.

Schippers said that the company “seeks local partnerships” and prides itself on its sterling reputation. They utilize cross-marking to promote other local businesses alongside their own, and they are fond of charity work and giving back to their local communities outside tax revenues According to Schippers, they have $2.8 billion in annual revenue, and they are recognized as a fast-growing company.

“We are judged by our actions,” he said. “We are very proud of our track record.”
And municipal officials in the twenty-one communities in which they are located have praised the company.

“Commitment made and commitment kept is what makes Penn National who they are,” said Michael Bell, Mayor of Toledo, OH, and noted in the presentation to Selectmen.

Noel Williams, the President of the Columbus, Ohio NAACP, noted their corporate integrity.

“That matters,” she said.

It has mattered in Bangor, ME, where the casino, according to a recent article in the Bangor Daily News, has been a “catalyst for development.”

Steve Snyder, the Senior Vice President for Corporate Development, said that a place like Tewksbury will generate revenue. It will help them “meet and exceed the expectations” put forth by the Massachusetts Gaming Commission. And the location, near interstate 495 on the edge of town and set back from Andover Street, can minimize resident impact.

And, of course, he said they want to be open with residents.

“This is going to be—and must be—a transparent process,” he said.

Selectmen asked about crime rate, traffic, public safety, and impact on local businesses.

Crime, according to the presentation, would be lowered, as the casino would provide jobs. The facility would have its own first responders and security personnel.

Traffic impacts could be substantial. Expected to run 24 hours a day, seven days a week, representatives estimate the facility could attract 4,000 to 5,000 cars per weekend day for the 1,250 slot machines planned.

But those who attended the meeting were not pleased.

Residents expressed displeasure with the potential crime increase, the traffic, the location, and the problems that gambling might cause.

Kevin Hanson called the presentation “a lot of smoke and mirrors.”

Deborah Shipp, a pastor at the Tewksbury Methodist Church, agreed.

“This is not a good thing for us,” she said. She believed the announcement to be rushed.

Mark Johnson said that he was worried about the ramifications of a potential closure should the casino fail down the road.

“I’m afraid we’re going to get caught with the bill,” he said.

He then cautioned officials.

“Think carefully before you sign that agreement. The town is watching,” he said.

Rick Menard, the former candidate for Selectman, wondered if a casino in Tewksbury could properly compete with the proposed Steve Wynn-developed project in Everett and also asked selectmen if a casino matched with previous plans to bring more biotechnology companies to town.

After residents had finished, Representative Jim Miceli, who supported casino gambling legislation, offered his commentary.

“Once you do this, you can’t go back,” he said. “You change the makeup of the town forever.”

He said that it would change from a small New England town to “a mecca in this area.”

“The bottom line: I think it’s a mistake,” he said. “I honestly don’t think it’s a windfall.”

Chairman Scott Wilson thanked residents, and he said that they should begin to educate themselves in order to make a decision.

The casino, he said, “Is something we should investigate.”

“I know the Board understands the economic benefit,” he said.

Wilson said that he looks forward to listening to concerns and questions, noting that Penn National will, too.

“My ears are open,” he said.

PNG is opening an office in Tewksbury in the next few days. Selectman Jim Wentworth also stated that he would help coordinate meetings between residents and PNG. Selectmen will meet again Thursday night as town and PNG representatives work on a development agreement to put before voters in the next few weeks.

Though some residents that spoke expressed a desire for the Selectmen to squash the project preemptively, members were consistent that residents have a chance to vote on it. Wilson cited the town charter process where residents spoke loud and clear about their desire to be heard whenever major changes are proposed in town. The decision remains too important for Selectmen to decide for residents one way or another.


http://homenewshere.com/tewksbury_town_crier/news/article_a225960a-f072-11e2-a979-001a4bcf887a.html


Saturday, July 13, 2013

Millbury, Tewksbury, Leominster Targeted by Casino Carpetbaggers



Casino developer looking at Mass. slots parlor

Chicago-based casino developer looking at Millbury, Mass. for slots parlor bid
Associated Press – Wed, Jul 10, 2013

MILLBURY, Mass. (AP) -- A Chicago-based casino developer that ended talks for a in Worcester, Mass. now says it is working with officials in Millbury about finding a site there for a $200 million facility.

Mass Gaming & Entertainment CEO Greg Carlin said Tuesday the company expects to choose a site in town soon. MGE is a subsidiary of Rush Street Gaming.

Millbury Town Manager Bob Spain said the project would create 400 new permanent [LOW WAGE] jobs and provide needed revenue.

Under Massachusetts gambling law, the town would negotiate a host agreement for voters to approve before the project could be considered for the state's single slots parlor license.

Three other companies also are working on slots parlor bids.

MGE and Worcester officials announced last month they weren't able to reach an agreement.


http://news.yahoo.com/casino-developer-looking-mass-slots-144519893.html


Casino in Tewksbury?

Could a casino in Tewksbury look like this?

Could a casino in Tewksbury look like this?

Hollywood Casino Hotel & Raceway in Bangor, ME Source: Penn National Gaming, Inc. website


Posted: Friday, July 12, 2013 7:28 am | Updated: 1:06 pm, Fri Jul 12, 2013.

TEWKSBURY and WYOMISSING, PA - A casino development firm and the Town of Tewksbury in a joint statement announced late Thursday an effort to bring a slots-only casino to north Tewksbury.According to a press release, the project, developed by Penn National Gaming, Inc., is budgeted at more than $200 million and would be located at 300 Ames Pond Drive, near the intersection of 495 and Route 133 – Andover Street. Penn National will bring its ‘Hollywood’ casino brand to the 30-acre site, offering “multiple dining options and other amenities.”
“We are encouraged by the preliminary discussions we’ve had with town leadership and hope to quickly come to an agreement on a project that would bring significant economic benefits to Tewksbury and the entire Merrimack Valley region in the form of new jobs and revenue,” said Eric Schippers, Senior Vice President for Public Affairs at Penn National Gaming.

Local officials offered support for the project.

“Penn National Gaming is one of the nation’s largest regional casino operators and has an established record of building strong community partnerships and delivering on their commitments,” said Richard Montuori, Tewksbury Town Manager. “We are excited about their interest in Tewksbury.”

“The economic benefits to Tewksbury from a project of this size and scale would be substantial,” said Scott Wilson, Chairman of the Tewksbury Board of Selectmen. “This is an important economic development opportunity that we need to fully explore.”

Representatives from Penn National will offer a presentation at the Selectmen meeting on Tuesday night, July 16, beginning at 7:00 pm. Applications for the state’s sole slot license must be submitted to the Massachusetts Gaming Commission by October 4th, 2013, following passage of a referendum in the applicant’s host community, leaving little time to develop that proposal and ballot question.

This proposal represents the fifth slot proposal in the state, including efforts in Worcester, Leominster, Raynham Park, and Plainridge Racecourse.

The closest developed casino by this firm is in Bangor, Maine, which began as a slots-only casino in 2006 and recently added table games in 2012. That location includes nearly 1,000 slot machines, 16 table games, and a hotel. According to the Bangor Daily News, between August 2009 and August 2010, the average monthly net revenue at Hollywood Slots was just over $5 million, and revenue never dipped below $4 million in any month. Revenue did reduce slightly in 2011, but has increased and jobs have been added since the introduction of table games in 2012.

Penn National proposed an $800 million casino in Springfield, MA last fall that would include a 300,000 square foot casino with 5,000 slot machines, table games, a poker room with up to thirty tables, and a 500 room hotel. Springfield chose MGM Resorts in April 2013 to move forward in the development process and the city will have a referendum vote Tuesday, July 16.

UPDATED: The Town Crier reached out to Jay Donovan of the Northern Middlesex Council of Governments (NMCOG), the regional planning agency to which Tewksbury belongs, to find out the role of NMCOG in this process. Donovan indicated that NMCOG was only recently made aware of Penn Gaming's interest and stated that he would be contacting NMCOG's regional planning agency (RPA) counterparts in Springfield and Taunton later Friday to determine the specific responsibilities the local RPA may have.

http://homenewshere.com/tewksbury_town_crier/news/article_32c7c242-eae6-11e2-bbf5-0019bb2963f4.html

Leominster slots plan moves ahead

Gaming panel gives Cordish OK to continue application
By Jack Minch


BOSTON -- The Massachusetts Gaming Commission on Thursday gave approval for The Cordish Cos. to continue with its application to open a slot-machine casino on Jungle Road in Leominster. "We're obviously very pleased to move forward onto the next phase of the project with the state and look forward to working with the people of the city on the project," said The Cordish Cos. President Joseph Weinberg.   The commission's Investigations and Enforcement Bureau conducted a seven-month investigation into the company's administration and personnel looking for character and financial flaws.
The commission also ruled Rush Street Gaming of Chicago is suitable to move forward with plans to apply for the slot-machine casino license.

It expects to hold hearings and rule on suitability of two more companies with applications July 25.  The state is issuing a single license for a slot-machine casino as well as three licenses for full casinos.  The Cordish Cos. is doing business in Massachusetts under the name PPE Casino Resorts MA LLC and Rush Street Gaming is using the name Mass Gaming and Entertainment LLC.   "One of the things we think is different for our company is we are private," Weinberg told the commission. "I am a partner in the company, all our principals are involved day-to-day in every facet, from development as well as the operational side," Weinberg said.
Commission Chairman Stephen Crosby warned Weinberg and Rush Street Gaming representative attorney John Donnelly of Atlantic City, N.J., that they must meet deadlines for the application process or be disqualified.
 "We very much want you to be a player," Crosby said. "It's very important to us, as everybody has heard, but the deadlines are what the deadlines are."  Results of public referendum votes for proposed host communities are due to the commission by Oct. 4.  The Cordish Cos. is a real-estate development firm and operates an entertainment business.  Its first forays into gaming were the Seminole Hard Rock Hotel & Casino, which it developed but did not manage or operate in both Hollywood, Fla., and Tampa, Fla, said Karen Wells, director of the commission's Investigations and Enforcement Bureau.  The company developed and managed Indiana Live! from 2007 to 2010, then settled a lawsuit with the owner in 2012.  It developed and still owns Maryland Live! in Hanover, Md., which opened in June 2012.  It is also applying for a gaming license in Philadelphia.  The Leominster facility would be the company's first development in New England and would be smaller than the Maryland site, which has 3,000 employees, Weinberg said.  "In Maryland, we're the highest-grossing casino in the entire mid-Atlantic," he said.  The bureau's investigation delved into the five executives of the company as well as a trust associated with it, Wells said. It issued a 99-page report on the company, and Wells recommended its suitability.  "Although its operational experience in the gaming sector has been of relatively limited duration both in Indiana and Maryland, there are no material issues pertaining to The Cordish Companies' record of gaming regulatory compliance, its dealings with vendors and business partners, or litigation matters," the report said.  Commissioners did raise concerns about regulatory violations and compliance reports.  There were 17 violations over 26 months of the Maryland Live! casino, said H. Theodore Grove of Spectrum Gaming Group and lead writer of the report on The Cordish Companies. Most of them were isolated incidents that were quickly fixed, Grove said.  Commissioner James F. McHugh said the report indicated that slot machines found to be paying out too much money were removed from the gaming floor.  The state issued a $2,500 fine that indicated it was a minor infraction, Grove said.  The mistake was not in removing the machines to verify their accuracy, but in failing to notify the gaming commission according to normal procedure, Weinberg said.  Most of the company's problems were in the first months of the facility's operations, Weinberg said. Crosby said he got the sense the company was going through the motions while following state compliance procedures because its three-member committee, which included an independent consultant, did not keep minutes of its meetings.  "There is no indication anywhere that Cordish is anything but a first-rate company. However, saying that, this is a heart of the matter: You had an outside member who did not pick up the very rules he was there to pick up, so he's not cutting it," Crosby said.   A City Council informational meeting with representatives of The Cordish Cos. scheduled to be held Monday at City Hall has been moved an hour later, to 8 p.m., said council President Susan Chalifoux Zephir.


Read more: http://www.sentinelandenterprise.com/news/ci_23647447/leominster-slots-plan-moves-ahead#ixzz2YwzZWy7S




Thursday, July 11, 2013

Would-be slots operators get state clearance


By Alli Knothe, TELEGRAM & GAZETTE STAFF
Two developers vying to build slots parlors in Central Massachusetts were given the thumbs up by the state gambling commission at a meeting Thursday which ruled that they passed initial background checks.

The meeting, which stretched into the afternoon, was held at the Boston Convention and Exhibition Center.

The board unanimously qualified Mass Gaming Entertainment, a subsidiary of Rush Street Gaming, and PPE Casino Resorts MA LLC, a subsidiary of the Cordish Co. Both entities passed background checks and can continue to the next phase of the application process.

Rush Street Gaming wants to build a slots parlor in Millbury after abandoning a project in Worcester. Cordish Co. is seeking approval in Leominster for a slots parlor.

Both companies are competing with two other entities for the state's sole slots license, according to the Gaming Commission. Plainridge Racecourse and Raynham Park are being reviewed by gambling officials this month.

However, Penn National Gaming, which recently lost out to MGM for a resort-style casino in Springfield, is talking to Tewksbury officials about developing a slots parlor at Interstate 495 and Route 133, the Boston Globe reporter Thursday.

"It's an arduous, lengthy, and time-consuming process," said the lawyer representing Mass Gaming during the meeting.

The full report was 211 pages, although a compressed version was submitted to the board to protect private information of those who were investigated.

The commission investigated eleven people and nine entities, the majority of which were trust funds.

Background checks for the individuals involved recorded interviews, five years of tax returns, even traffic violations for each person to assure the board that those involved in oversight of the companies demonstrate good character and integrity.

"There is no record of any prohibited political contributions or civil litigation history that would be adverse to these qualifiers being found suitable," the Investigations and Enforcement Bureau of the Gaming Commission said in its supporting documentation.

The lawyer representing Mass. Gaming said the company has "found Millbury very receptive" and is hopeful for discussions going forward.

Before approval, board commissioner Enrique Zuniga said he was pleased to see the company's "significant involvement in charity work."

While board members gave the go-ahead, there were some reservations during the two-hour discussion on the topic.

Several board members expressed concern with the number of violations at the other Rush-owned casinos dealing with admitting underaged guests.

The company argued that the numbers were in the single digits and said it works hard to keep the number as low as possible, adding that "we don't want kids in the casino. They're of no use."

A consultant hired to help with investigating the developers promised to show the board national statistics regarding casinos admitting people under 21 years old to help put the number of violations into perspective.

Commissioner Bruce Stebbins noted at the end of the meeting that he would like to have further discussion on ways the state could deter people who are underaged from attempting to get through security.

The board was also uneasy about the discrepancy of salaries in the hierarchy of Rush Gaming. Stephen P. Crosby, chairman of the board, said he was puzzled that while about a dozen people at the top were receiving large salaries, there were many "serious players" who were being paid much more modest compensations.

The fear, he explained, is that those people may be "vulnerable to financial trouble."

The company assured the board it was not a "mom and pop shop" in Chicago, and said that the difference is between owners and employees. Its lawyer noted that those employees who are being compensated less would not have the power to give out favors that might land the company in an unethical situation.

A consultant also explained that the issue has been investigated and will continue to be reviewed.

The board will hold another public hearing to determine the suitability for Plainridge Racetrack and Raynham Park.

The next step for the developers will be Phase II of the investigation, where the Investigations and Enforcement Bureau will look deeper into the companies' finances.

http://www.telegram.com/article/20130711/NEWS/307119518/1116