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Showing posts with label Richard Fields. Show all posts
Showing posts with label Richard Fields. Show all posts

Thursday, March 6, 2014

Gaming panel enlisted in lawsuit vs. Mohegan




Gaming panel enlisted in lawsuit vs. Mohegan


Palmer demands documents
 

 
Tuesday, March 4, 2014
By:
 
Mohegan Sun’s erstwhile Palmer landlord is roping the state Gaming Commission into its lawsuit that seeks to bar Mohegan from building a casino anywhere but Palmer, demanding the commission turn over any communications between Mohegan and Suffolk Downs that might support the claim that Mohegan undercut its own Palmer casino effort to chase an opportunity in Revere.

Northeast Realty is arguing that any talks Mohegan and its chief executive Mitchell Etess had with Suffolk Downs before the casino developer lost a referendum in Palmer would violate an exclusivity agreement.

“The public records request to the Massachusetts Gaming Commission seeks to identify any communications conducted between representatives of Mohegan Sun including its attorney, Kevin C. Conroy, relating to the Suffolk Downs property, and the MGC including, but not limited to, commission staff and its Investigations and Enforcement Bureau,” Northeast spokesman Paul Robbins said in a statement.

Commission spokeswoman Elaine Driscoll said the commission’s legal staff is reviewing the request, and does “not have a comment on the lawsuit at this time.”

The request, addressed to chairman Stephen Crosby and dated Feb. 28, asks for copies of any communications from Jan. 1, 2013, to Nov. 30, 2013, between the commission and a series of individuals “concerning the possibility or consideration of Mohegan’s participating in any way in the application for a license for and/or development of a gaming facility anywhere on the Suffolk Downs Property.”

The individuals include:

•   Suffolk Downs principals Richard Fields and Joseph O’Donnell.

•   House Speaker Robert A. DeLeo and staff.

• Any attorneys or lobbyists associated with the law firms Foley Hoag and DLA Piper, who work for Mohegan.

• The public relations firm O’Neill and Associates, which represents Mohegan.

•   Former state Rep. Kathi-Ann Reinstein (D-Revere) and staff.

•     State Sen. Anthony Petruccelli (D-East Boston) and staff.
Mohegan Sun declined to comment on the records request.
Northeast Realty, which wants Mohegan to abandon its lease on the Palmer site, hit Revere Mayor Dan Rizzo with the same records request in January. Revere’s solicitor responded that a search of voicemail and email records of Rizzo and his immediate staff “failed to produce any records responsive to your public records request.”

Thursday, November 28, 2013

Bending the law.....


Fleecinos - leave no penny in the other guys pocket.
Repeal The Casino Deal - do unto others.
 

Mohegan Sun, Suffolk Downs partner on Mass. casino

 
 

Friday, November 22, 2013

The Sinking Ship That Is CAESARS!

Remember the bluster and outrage about how strict the Massachusetts Gam[bl]ing Commission was?

Remember Steve Wynn [being investigated for Foreign Corrupt Practices Act violations and much else] blabbing on about how inexperienced Massachusetts was?

Remembers all the attacks and pretense about CAESARS?

Every body got in bed with Gary Loveman , the genius who revolutionized GAMBLING ADDICTION, ignoring the MASSIVE DEBT. 



At what point do the political hacks protect constituents?



[Suffolk Downs was prepared to 'partner' with the insolvent CAESARS, Mayor Menino signed a HOST COMMUNITY AGREEMENT with these clowns and the Casino KoolAid consumers embraced without question this insolvency. Do you think you needed to be a financial specialist to recognize that $23 BILLION in DEBT is a disaster waiting to happen?]


Caesars: All Earnings To Interest Payments
The options for Caesars to avoid bankruptcy are: 1) organic growth in revenues and margins more than doubling EBITDA and cash flow; 2) Divesting assets, usually the most profitable and attractive, i.e. such as online gaming; or 3) continually raising debt.

Unfortunately for Caesars, gambling is a mature business with growth near GDP, and with medium volatility. Caesars has underperformed industry peers, particularly in the industry's recent best year, 2008. Below are tables from IBIS World of Caesars' revenue growth since 2008 and past and future estimates for the international gaming industry. Compare the forecasts for international gaming along with Caesars' relative performance to the chart above which is assume in the worst case scenario 2% growth revenue (unlikely attainable for Caesars). The only way equity holders come out ahead with value and positive return is with option 1, but we think this is nearly impossible and highly speculative.

(click to enlarge)
Source: IBIS World, November 20, 2013.

(click to enlarge)
Source: IBIS World, November 20, 2013

To wrap this up, I think it is highly unlikely Caesars will produce the organic growth necessary to service its debt, so the company will need to rely on options 2 or 3, divestiture or raising debt, or both. Buyers of assets know the companies dire position and will not be ponying up premiums. Debt issuers will be demanding the 10% interest they currently charge. In one upside case for debt holders who enjoy the 10% interest at junk ratings, the company can retain current assets and grow EBITDA at ~1% per annum, refinancing principal as it comes along.

In this case, it is purely a company for the debt holders, and the equity holders will be left with nothing over time, at least at today's present value. If the company cannot refinance, there will be forced liquidations of assets, possibly through bankruptcy, and eroding any possible growth in the future. The PE firms, TPG and Apollo, realize this, and have started to divest growth assets, such as the online gaming. As long as opportunistic assets can be divested without breaking debt covenants, expect this to be the game plan forward for extracting value out of CZR into new entities, such as CACQ, that you may or may not have access to (i.e. new PE funds).
 
 
 
 
 

Wednesday, November 6, 2013

Winners and Losers!

Let's not forget.....

Two communities won in the vote defeating well-funded machines and protecting their communities.

Elected officials, community leaders and Beacon Hill ignored voters when they promoted Predatory Gambling. Let's remember who they are and vote them out of office.....

after we REPEAL THE CASINO DEAL! and protect all communities in the Commonwealth!
If you haven't signed the Petition yet, download a copy from the website, have your friends and family sign and drop it in the mail! SIMPLE!

Let's get this done.



Nov 5, 2013, 9:49pm EST Updated: Nov 6, 2013, 8:35am EST

Here are the big winners and losers in the 'no casino' votes in East Boston and Palmer



Managing Editor, Print- Boston Business Journal
Voters in East Boston and Palmer just handed major defeats to the casino industry.

Palmer voters narrowly rejected Mohegan Sun’s longstanding plans to build a casino resort in that town. Meanwhile, voters in East Boston defeated a host community agreement that would have set the stage for a casino resort to be built at the Suffolk Downs horse track. (Revere voters, however, approved the Suffolk Downs agreement for their city.)

Here’s a rundown of the big winners and losers from those two votes:

The winners in Palmer

Quaboag Valley Against Casinos: The opposition group in Palmer didn't seem as loud as the one in East Boston. And yet the message obviously resonated with voters, giving the opponents a surprising win over a well-financed opponent.

MGM Resorts International: MGM and city leaders in Springfield are celebrating, for now. MGM’s plan is the last resort casino plan left standing in competition for the Western Massachusetts license. But questions still remain about whether MGM will clear the Mass. Gaming Commission’s strict background checks.

Foxwoods: This is also a big victory for Mohegan Sun’s biggest rival. The operators of the original Connecticut casino have proposed a casino resort in Milford, which falls into the Greater Boston license region per the 2011 state law that legalized casino gaming. But Palmer’s less than an hour’s drive from Milford. That’s close enough for gaming regulators to worry about the overlap in the two casinos’ target markets, overlap that would minimize the projects’ revenue potential.

The losers in Palmer

Mohegan Sun: No out-of-state gaming operation has been plugging away at building support for a casino in Massachusetts for longer than the Mohegan Tribal Gaming Authority. Mohegan opened an office in town back in 2009, two years before casino gambling was even made legal by the Legislature. It’s not necessarily over yet: Mohegan says it will push for a recount, citing the close vote and technical problems with a voting machine.

Leon Dragone: The Palmer property owner has been trying to land a casino deal for years, and the Mohegan Sun proposal for roughly 150 acres he owns off the Mass. Pike seemed like his best bet.

Palmer town officials: Budgeting would have become easy once the casino opened in town, as it would have essentially doubled the property tax base with $15 million in new annual payments. Now, officials will be hard-pressed to find new large taxpayers to take the place of the industry that has left this town.

The winners in East Boston

No Eastie Casino: The opposition group’s momentum certainly was building on the way to Tuesday’s victory during the past month or so. There was that coalition of clergy in East Boston that threw its weight behind the cause. And then there was the withdrawal of Caesars Entertainment, the company that was supposed to operate the casino, after a few red flags went up during the Mass. Gaming Commission’s background checks. With no new operator named, the owners of the Suffolk Downs track were suddenly put at a big disadvantage.

Steve Wynn: The Las Vegas mogul must be smiling tonight, even if he was just publicly carping about how hard it is to get by the gaming commission’s suitability reviews. Is he still serious about his plan to build a Wynn Resorts casino in Everett, one that had been poised to compete directly with Suffolk Downs for the sole Boston area gaming license? It’s hard to know for sure, after those complaints. But this vote could embolden him to plow forward.

Foxwoods: The rejection of Suffolk Downs, once considered the odds-on favorite for the Boston-area casino, also bodes well for Foxwoods and its plan for a Milford casino. However, that project has its own referendum to face on Nov. 19, and there’s a well-organized opposition group in Milford hell-bent on stopping the plan for a casino off I-495.

The losers in East Boston

Richard Fields: When Fields bought a significant stake in Sterling Suffolk Racecourse in 2007, he was essentially betting the farm that casinos would be approved in Massachusetts, and that one would go up at Suffolk Downs. Suffolk didn’t necessarily concede defeat today. Chief operating officer Chip Tuttle issued a brief statement thanking Revere for the positive vote — the Suffolk Downs property straddles the Revere-Boston border —and thanking the supporters in Eastie. The track owners, Tuttle said, will “reassess our plans.” But this vote essentially makes Fields’ dream of a Boston casino an improbable one, at best. (Revere Mayor Dan Rizzo is still hoping a reshaped project could be built on his side of the city line.)

Tom Menino: The departing mayor didn’t pick a side in the race to succeed him, but he did pick a side in the casino issue. Menino has trumpeted the economic benefits that the track had promised — at least $32 million in payments to the city, up to 4,000 permanent jobs, among other things. But in the end, Menino’s legendary political machine couldn’t generate enough support during the last election that he needed it.

The local thoroughbred industry: Suffolk Downs officials say the track has been losing money for several years. As New England’s last thoroughbred racetrack, the casino project was seen as crucial to propping up Suffolk Downs’ operations. If Suffolk should close, there would be significant ripple effects among the businesses that support it throughout the region and the nearly 1,500 people who work in that industry.

http://www.bizjournals.com/boston/blog/mass_roundup/2013/11/casino-votes-in-palmer-east-boston.html?page=all

Thursday, October 31, 2013

Suffolk Downs has no clothes




Suffolk Downs has no clothes
By Joan Vennochi / Globe Columnist / October 30, 2013

The Suffolk Downs casino proposal is looking a lot like the emperor who wore no clothes.

The racetrack was once seen as a shoo-in for a casino license. But after background check problems, Caesars Entertainment is gone, leaving a casino proposal without a casino operator. Vornado Realty, one of the biggest investors, put its interest into a blind trust rather than undergo a background check.
 
In their suitability assessment, state regulators also expressed worries about the financial stability of Richard Fields, Suffolk’s largest shareholder.
 
Minus Caesars, the Massachusetts Gaming Commission just pronounced Suffolk Downs suitable for a casino. But the current proposal is a drastically stripped-down version of its original self, leaving its backers as naked as the sovereign in the Hans Christian Andersen fairy tale. Unlike the emperor, they already know they are walking around in their birthday suits. They’re just hoping East Boston voters are too uninformed or too desperate for jobs to see that when they vote on Nov. 5.
 
Everything about this proposal was built around Caesars, the corporate culture it represents, and the promises it made to Bostonians in general and to East Bostonians in particular. The ballot question summary describes Caesars as the operator. The host agreement between the city and Sterling Suffolk Racecourse specifically references “Caesars Massachusetts Management” and cites “the Caesars standard” as the basis for the agreement.
 
There’s a clause in the Boston host agreement that authorizes transfers of interest, as long as the city approves. And it’s possible that a new casino operator will build exactly what Caesars promised and sign off on every condition set forth in the host agreement. But do you really want to roll the dice on that, if you’re an East Boston resident contemplating the impact of a casino on traffic, crime, and your property values?
 
Why even trust the judgment of the remaining Suffolk Downs partners? They contend they were “blindsided” by disclosures that Caesars — their partner for two years — faced serious questions from state investigators. The partnership that owns the track “relied on Caesars contractual obligation to keep us informed,” track lawyer Bruce E. Falby told the state gambling commission. “These obligations were not met.” Caesars representatives say they were blindsided, too.
 
That hardly inspires confidence in this crew’s ability to spot trouble up front or hold themselves to the highest standard — or in Mayor Menino’s oversight up to now.
 
The mayor has long championed Suffolk Downs and is still promoting it. Martin J. Walsh and John R. Connolly, the mayoral candidates vying to succeed him, still support a casino if East Boston wants it. During Tuesday night’s debate, Walsh said he would vote “yes” if he lived in Eastie — at least earning points for taking a stand. Connolly wouldn’t say how he would vote as an Eastie resident, although he did answer “probably not” when asked if he would support a casino in his own neighborhood.
 
The mayor and his would-be successors are unwilling to state the truth: Without Caesars, a “yes” vote isn’t a vote for a specific plan. It’s a vote for a mirage. Their starting premise is that East Boston with a casino run by a mystery operator is better than East Boston without a casino.
 
As for the Suffolk Downs team, they want voters to believe the severed partnership with Caesars means nothing more than eliminating the laurel-wreath logo associated with the brand. Their glossy new information package eliminates all references to what they once proudly touted — the Caesars standard.
 
As voters confront this Suffolk Downs fairy tale, the one about the emperor reverberates.
 
Swindlers told the emperor they could make him a suit out of the most beautiful cloth, which only stupid people could not see. And so, the emperor walked through town in these garments, with everyone exclaiming how beautiful they were because they did not want anyone to call them dumb.
 
Then a child called out, “But he has nothing on” — just like the Suffolk Downs casino proposal.

http://www.boston.com/opinion/editorials/2013/10/30/suffolk-downs-has-clothes/GwlSmOMz7iQikiTNL2HDVJ/story.html

Thursday, October 24, 2013

Caesars/Suffolk Downs: Not so simple

A comment was posted earlier about Richard Fields being unable to raise funds to purchase a bankrupt Atlantic City Casino at a bargain basement price. This seems consistent with the investigative findings.

Since the report is 558 pages long, it seems to indicate a thorough consideration of related issues.

 The Massachusetts Gambling Commission has an obligation to ensure the financial solvency of partners. Since Caesars is neck deep in debt, one must wonder if this is a bankruptcy waiting to happen, Gary Loveman's assurances aside.

Ceasars signed deal with hotelier accused of having tie to Russian mob

Tuesday, October 22, 2013

Desperate Suffolk Downs Races For New Partner Among the Leftovers



Suffolk Downs races to rein in new partner




LOTS OF UPS AND DOWNS: Signs for and against the proposed Suffolk Downs casino abound in East Boston neighborhoods. Suffolk Downs officials are racing to secure a new casino company partner before the Nov. 5 referendum on the proposal.

Tuesday, October 22, 2013



Suffolk Downs, under pressure to lock down a new gaming partner before a do-or-die Nov. 5 vote on the
$1 billion project, is in talks with at least four casino companies potentially interested in joining forces as shockwaves from last week’s bombshell Caesars disqualification continue to reverberate throughout the industry.

“We are in active conversations and encouraged by the high level of interest from top-class gaming operators,” Suffolk Downs Chief Operating Officer Chip Tuttle told the Herald last night.

“The most important thing is that we find someone that is suitable for the gaming commission and is accepted by Boston and Revere.”

Sources close to the situation said four companies are at the top of Suffolk Downs’ wish list, including three that have already been deemed suitable by the Massachusetts Gaming Commission: Penn National Gaming, which is seeking a slots license for Plainridge Racecourse in Plainville; Rush Street Gaming, a Chicago-based company that had been pursuing a slots parlor in the Worcester area; and Cordish, a Baltimore firm that wants to build a slots palace in Leominster.



[What a card! A SLOT BARN is ow a SLOTS PALACE! He's not biased...No!]


The fourth, Hard Rock, had been pursuing a casino in West Springfield, but the project was rejected by voters.

The company, which runs the Seminole Hard Rock Casinos in Tampa and Hollywood, Fla., has not been vetted by the state gaming panel.

Hard Rock and Cordish already have strong ties to Suffolk Downs owner Richard Fields, who worked with Cordish to co-develop the Florida Hard Rock casinos.

Rush Street Gaming honcho Neil Bluhm, meanwhile, has strong Boston ties as one of the developers of Copley Place and Faneuil Hall. He also runs successful urban casinos in Chicago, Philadelphia and Pittsburgh.

A Penn National spokesman said he would not comment on “rumor,” while a Rush Street spokeswoman declined to comment. Officials from Hard Rock and Cordish did not respond to requests for comment.

“Suffolk Downs has to get a partner to put this behind them,” said City Council President Stephen J. Murphy. “That’s going to be the most important thing. I think they’ll have one by the end of the week.”

“I’d like to see the casino part decided by the vote. I would say as quickly as possible,” said Mayor Thomas M. Menino.

Suffolk Downs launched a new TV ad today touting the project and assuring supporters that the Caesars split is not a deal killer.

“There are thousands of elements to this proposal and the gaming operator was only one,” Tuttle said.Suffolk Downs abruptly parted ways Friday with Las Vegas gaming giant Caesars over issues raised in a 900-page gaming commission background report, including reputed Russian mob ties to a Caesars business partner. Officials at Caesars — the largest casino company in the world — have blasted the findings and say it sets an impossible standard for international companies.

- See more at: http://bostonherald.com/news_opinion/local_coverage/2013/10/suffolk_downs_races_to_rein_in_new_partner#sthash.9KGiBF1Y.dpuf

Wednesday, March 27, 2013

East Boston’s elected officials on a casino at Suffolk Downs: A primer




Which politicians do YOU agree with? Those for or against a casino?? Wait a minute... it's the same guys!!!

East Boston’s elected officials on a casino at Suffolk Downs: A primer



If a casino comes to Boston, it will arrive with the full-throated support of Boston's mayor and East Boston's city counselor, representative, and senator. Our local leaders – including those who grew up here and know Eastie the best – risked everything they'd helped East Boston become and threw their support behind the statewide casino bill and the idea of expanded gambling at Suffolk Downs.

They didn't always support a casino here, though:

Anthony Petruccelli, State Senate

Sen. Anthony Petruccelli was an outspoken casino skeptic when the move to bring gambling to Suffolk Downs began to gain steam. “These neighborhoods are impacted by the international airport, three tunnels and a major highway,” he told the Boston Herald in July 2007. “How much more can we take?”

Well, just three years later, Petruccelli apparently thought these neighborhoods could take quite a bit more. In July 2010, he supported the initial House bill authorizing the construction of casinos throughout the state and would vote “yea” on every piece of gambling legislation from then on. He was one of a handful of Senators shepherding the legislation through the process.
“It took me a couple of years to get to the point where I support and prefer a resort casino at Suffolk Downs,” he told the Revere Journal in 2010. “As we look at it, the benefits outweigh the impacts.”

OK, so what changed?

Petruccelli explains his about-face on a casino at Suffolk Downs this way: the Senator ran into a guy from the neighborhood, someone Petruccelli grew up with, who had lost his job. It was this single interaction and his old friend's pleading with the Senator for work, Petruccelli said, that allowed him to ignore his strong initial concerns about casino impacts and help to pass the expanded gaming legislation – a bill he calls “a jobs bill.”

But “jobs” isn't a strong enough explanation for getting from “how much more can we take?” to full support of a casino in our neighborhood. One doesn't get from there to here without an outside influence or two. One of those influences might be Suffolk Downs owner Richard Fields. The Boston Globe reported in 2011 that Fields made a $6,000 donation to the senator's family foundation, after which Petruccelli “made sure bills before the Legislature have included a provision that would make local approval [for a casino] easier.”

According to the Globe, this donation far exceeded what Fields would have been allowed to give to Petruccelli's campaign under the state's campaign finance law. (for more on suspicious Richard Fields donations to elected officials, skip down to the section on Mayor Menino...except don't. The stuff to follow is really interesting.)

Carlo Basile, House of Representatives

Rep. Carlo Basile spoke even more forcefully against putting a casino at Suffolk Downs. During his campaign for a seat in the Massachusetts House of Representatives, he was widely seen as the underdog, anti-casino candidate. Here's the tune he was singing during the campaign in 2007:
“We have a fight on our hands with officials who want to put another enormous burden on us with a quote-unquote world-class casino in our town. I will stand up to those who want to congest our streets more and thrust more upon us so that the state and city can reap more money and more taxes at our expense. Enough is enough – we have paid our fair share to the Commonwealth with three tunnels, an airport and a horse track within our borders. How much more can we take????

No one asked us if we wanted this – no one consulted the people of this neighborhood – look what happened in South Boston when they tried to jam the football stadium down their throats. We need to stand up and be heard. We need to fight to ensure that our opinions matter, and we have say in what happens in East Boston.

This is our town and we as a community will decide what is best for us!”
Hold onto your hats, because here's Basile, now the vice-chairman of the Committee on Financial Services, singing quite a different tune after the passage of the expanded gaming bill on Nov. 22, 2011: “This bill has been a long time in the making. I am very proud and excited about its passage as I believe it will spur much needed job growth and economic activity throughout the state.”

Explaining his position switcharoo, Basile also cites the jobs a casino would create. But like his counterpart in the Senate, Basile's stance on the casino appeared to shift out of political convenience.

Back when Basile first spoke out against a casino, his stance would have sat very well with Speaker of the House Salvatore DiMasi, his “boss,” who was staunchly anti-casino. When DiMasi left office amid corruption charges, Robert DeLeo, an ardent casino supporter, took his place. Almost immediately, our then-junior representative's tune began to change on the subject of casinos.

But politics aside, what if his real motives are even more self-serving than that? Local political insiders know that Basile has for several years made jokes about one day leaving politics — to take a job at the casino. Not only could Basile earn more – probably significantly more – than his current annual salary of roughly $60,000, he'd receive the king's treatment for having helped pave the way for a casino at Suffolk Downs. That would be fantastic for Basile, of course, but terrible for the rest of us.

This is probably a good time to review one of the more disturbing aspects of the state's gambling legislation: the need for an amendment requiring some lawmakers to wait a period of time before taking a job with a casino. In the Senate, the amendment authorizing a “cooling off period” came only after one senator proposed an amendment requiring senators to wait five years after leaving office to work for a casino – and chaos nearly ensued. Here's the account from MassLive.com:
Soon after it began on Tuesday, the debate halted when one state senator argued for an amendment for a five-year "cooling off period" for former legislators before they work for a casino or applicant for a gambling license. Opponents became testy and Senate President Therese Murray gaveled the debate to a close. She ordered Democrats behind closed doors for a caucus that lasted an hour. When they emerged, senators quickly voted 36-1 for the one-year period for former lawmakers.
Hmm. Why would legislators get so heated about a proposal ensuring they would not personally benefit from an industry they helped usher in? Could it be that a handful of them actually planned to leave the public sector and snatch a comfortable position at one of the casinos? Alas, state lawmakers from both the House and the Senate must wait exactly one year after leaving office to go to work for a casino. After 12 months, though, it's anybody's game.

Salvatore LaMattina, City Council

In front of some community groups, City Councilor Sal LaMattina is cautious and understated about his feelings on a casino. He frequently tells them that he supports a casino at Suffolk Downs if it benefits the people of East Boston. At a recent Eagle Hill Civic Association meeting, he was pressed hard by members of No Eastie Casino about feeling unrepresented in local government because of their concerns about the proposed casino. In response, LaMattina put on his diplomatic, “wait-and-see” hat. According to Boston.com:
LaMattina said he, too, had questions about casino impacts, and he would work to ensure transparency. But many in East Boston are in desperate need of jobs the casino could bring, he said, and he will wait to make up his mind until he has more information.
The data isn't available yet, he said, but it will be put before the community in time for residents to make an informed choice in the voting booth.
“If this isn't right for East Boston, I'm saying no, too,” he said.
But LaMattina's true feelings – not just that he wants a casino in Boston, but specifically one in East Boston – have been on record for a while now. Last November, when asked by a Boston Herald reporter about Steve Wynn's just-released plans for a casino in Everett, LaMattina was bullish in his support for an Eastie casino.

“Do I welcome competition? Yeah, I welcome competition, but I want a casino in Boston, as does [Boston Mayor Thomas M. Menino],” he said. “I still think Suffolk Downs is a perfect location, and I would have a lot of concern that a casino is going to Everett.”

And just two weeks ago, at his own fundraiser in East Boston, to 75 mostly pro-casino supporters – including Mayor Menino – he spoke glowingly about the benefits of a casino at Suffolk Downs.

“He emphasized that if the agreement is good he would support it,” said one who was in attendance.

“People came away with the impression that he was favorable to the casino, unlike the Eagle Hill meeting.”

There you have it. Three out of three East Boston politicians either switching positions on the most important neighborhood development since airport expansion or (worse, perhaps) saying one thing to residents and another to the political establishment.
Then there's the mayor.

Thomas M. Menino, Mayor of Boston

Love him or hate him, Mayor Thomas M. Menino has been the most transformative, powerful and productive executive leader the City of Boston has ever seen.

And despite hailing from Hyde Park, Menino's Italian-American heritage has made him somewhat of a native son of East Boston, long dominated by multiple generations of residents and politicians with Italian blood. He frequents our restaurants. He's made completing East Boston's waterfront – including re-introducing water transport – a priority, and construction has, in fact, started up again after a long hiatus. Beyond that, though, the Mayor consistently wins elections in East Boston because his image has become that of a leader who works tirelessly for the neighborhood's working class people.

Menino is well aware of the well-documented negative effects of urban casinos, and still he backs one – despite the risk that it would turn back years of work reducing crime, building our economy, and expanding opportunities for all residents. So his support for a “resort-style casino” at Suffolk Downs would be a big head-scratcher, right? Well, maybe not that big.

Initially, the Mayor was quite skeptical of casinos and slot machines because of the negative impacts they typically bring. Then, in 2005, Suffolk Downs executives and owners flooded the Mayor's campaign coffers with $2,200 in donations. A few weeks later, Menino made a surprising endorsement of installing slot machines at the state's racetracks, including Suffolk Downs, to save the dying industry.

And remember Suffolk Downs owner Richard Fields?
The Fields Foundation, controlled by Suffolk owner Richard Fields, donated $10,000 to Menino's charity in 2008 and 2009, according the foundation's nonprofit tax return. Menino has confirmed in the past that a meeting with Fields one year earlier - just after Fields bought the racetrack - was a turning point in his transformation from tepid casino supporter to full-throated ambassador. (Source: The Boston Globe)
See how this works? Combine all those contributions and closed-door meetings with Menino's longtime friendship with Suffolk Downs principal owner Joseph O'Donnell, and one's confusion about the mayor's positions on casinos subsides considerably.

Shenanigans aside, here's the frustrating truth: Mayor Menino could shut casinos out of Boston tomorrow morning, if he wanted to. He has taken stands in the past against Walmart (for its benefits policy, as well as its impact on local businesses) and Chick-fil-A (for its CEO's opinion about gay marriage). He could do the same with the casino. Under the state casino law, mayors have enormous power to block proposals from moving forward, simply by refusing to negotiate with developers. Last year, we saw this in Holyoke, where Mayor Alex Morse reversed his position on building a casino in his city and abruptly ended negotiations with two casino companies.

Mayor Menino, on the other hand, is negotiating. Last year, in accordance with the 2011 gaming law, the Mayor appointed a Host Community Advisory Committee to represent the residents of Boston in negotiations with Caesars, but it too appears interested only in seeing that a casino is built. The five-person committee – which features just one resident of East Boston – lists on its website the driving philosophy behind its existence: “…that a resort casino entertainment destination, when properly regulated, can be an important economic driver in the region.”

But in dealing with the HCAC, community members report frustration that the committee has responded to few of their questions and requests for data. The suppression of information has become somewhat of a theme with all of our local leaders. On a number of occasions – both publicly and in writing -- residents and community groups have requested that an independent cost-benefit analysis be conducted to see what the impacts will be. Astoundingly, in a neighborhood where simple road improvements or construction variances require multiple studies of their impacts, requests for an in-depth report on a casino's impact have fallen on deaf ears.

Most disturbing is that those with knowledge of the process say Boston is close to finalizing its mitigation agreement with Suffolk Downs – if it hasn't already. Our politicians already know the framework of that agreement, while residents have yet to see any of the reports they've requested outlining the impacts a casino would have on our working-class, residential neighborhood. The next batch of information East Boston residents see will be an agreement between the city and Suffolk Downs showcasing the millions in mitigation dollars meant to offset the inevitable increase in crime, addiction, and traffic congestion.

We'll then be expected to vote yes or no on the construction of a casino with all of the good — and none of the bad — to inform our decision.

How Will This End?

This paints an admittedly bleak picture of our elected officials' blind support of a casino in Boston, but it can, of course, end differently than it started. Our mayor and local officials could choose to remove the shiny dollar signs from their eyes and demand that the voters know precisely how a casino will affect their neighborhood, rather than actively campaigning for a casino and blocking the free flow of information.

But at this point in the process, these men are unlikely to change.

As was true during the airport expansion of the 1960s, when mothers with baby carriages protested the destruction of our Olmstead-designed Wood Island Park, the residents of East Boston are on their own in standing up to a multinational casino company. Like those Maverick Mothers, “we're the last line of defense,” as lifelong resident Celeste Myers correctly put it at a recent neighborhood meeting. That's because all our elected officials chose long ago with whom they would stand in this fight.

Steve Holt is a writer in East Boston and volunteer with No Eastie Casino


http://www.universalhub.com/2013/east-boston%E2%80%99s-elected-officials-casino-suffolk-dow

Wednesday, March 6, 2013

Massachusetts: You just got screwed!

Did you even notice?



If you liked the Big Dig, wait until you see what it costs to subsidize Suffolk Downs/Caesars/Richard Fields, et al. [Remember that Caesars is the Gambling Vulture that's $20 BILLION in debt whose entire cash flow is devoted to debt repayment.]

Wonder what those 'charitable contributions' Mayor Menino and Senator Petrucelli will look like when this goes through?





Route 1 Transportation Improvement Project






MassDOT is proposing to make improvements to a portion of Route 1 in Revere, Malden and Saugus. The 2.4-mile project begins 1,500 feet south of the Route 1/Route 60 interchange (Copeland Circle) and continues north through the Route 1/Route 99 interchange.
 
Route 1 within the project area is primarily a limited-access urban principal arterial highway that serves as the major north-south roadway for communities north of Boston. This portion of Route 1 has long-standing operational and safety problems that are the result of a combination of factors -- high traffic volumes, poor roadway geometry, and a reduction in travel lanes from six to four throughout the 2.4-mile stretch.
This website is provided to keep the public and officials informed on the process of the project and to provide the project team with convenient access to feedback that will shape the design of the improvements.
 
 
http://www.route1project.com/ 



Please remember to thank Governor Slot Barns Patrick next time you see him, totally oblivious to the crime and corruption that surrounded him!



Whether it was Stan McGee....


E. Abim Thomas.....


Bialecki.....


Or a whole host of corrupt others.....

 

Sunday, January 27, 2013

Demand That the City Answer Our Casino Qs at Wednesday's Eagle Hill Mtg!



Dear No Eastie Casino Supporters:

There will be Eagle Hill Civic Association meeting next Wednesday, Jan. 30, at 7:00 at East Boston High School. The Mayor's Host Community Advisory Committee executive director Elizabeth Dello Russo will make a presentation on the proposal to put a casino at Suffolk Downs.

In the last HCAC meeting (October 19, 2012, recapped in this Globe article), Dello Russo and other committee members "told the crowd that the city and the Mayor’s Host Community Advisory Committee are still collecting questions from residents and working to get answers that would be provided at a later meeting yet to be scheduled."

The Mayor's Host Community Advisory Committee, a group designed to welcome a casino into our community, has been holding these meetings for nearly a year — with no community questions answered. Will they ever be answered? And how will we trust the answers of a group whose main task is to make the casino happen in our community?
 
 

No Eastie Casino believes that these questions won't be answered to anyone's satisfaction without an independent community impact analysis. Even if you are not a resident of Eagle Hill, I encourage you to attend this meeting and re-ask Ms. Dello Russo when the city plans to commission such a study.

Thank you!

Giordana Mecagni
Trenton Street
Member, No Eastie Casino

Saturday, November 17, 2012

Casino Shills Employed in Boston!

Suffolk Downs is so threatened by residents of surrounding neighborhoods learning the truth about the impacts of Predatory Gambling on their neighborhoods, they are once again resorting to Paid Casino Shills and personal attacks.

How transparent!

Learn the truth, folks!



Sorry, but it's a fact: Casinos hurt local businesses.

Just one month after a casino opened in Ohio, most businesses in the area are reporting flat sales. One restaurant -- a diner directly across the street from the gambling palace -- reported losing an average of $300 per week in sales since the casino opened. Most likely, that will cost a diner employee their job. That's after just one month.

Here, watch the report: http://www.youtube.com/watch?v=DX9xcTZ3cfo&feature=g-upl

Of course, to anyone who's studied the impacts casinos have on local businesses, this comes as no surprise. What's shocking, perhaps, is how quickly the decline began to set in. Caesars and Suffolk Downs promise that a casino in East Boston will help area businesses. In their heart of hearts, though, they know the truth because the studies are all out there for public consumption:

• 66 percent of independent restaurants closed in Atlantic City after the casinos opened there
• 1/3 of the city's retail businesses have since closed
• Donald Trump: "People will spend a tremendous amount of money in casinos, money that they would normally spend on buying a refrigerator or a new car. Local businesses will suffer because they lose customer dollars to the casinos."

• Casinos divert dollars from local businesses and restaurants, as a result, local towns see no change in overall per capita income after the creation of a casino. 4
• A study on the costs and benefits of casinos found that for every $1,000 in increased casino revenue, businesses up to 30 miles away lost $243.

The casino knows local businesses will suffer. This is why they are preemptively offering to spend $150 million with select local businesses. But this bribe cannot possibly account for a massive decline in business because of the casino's presence or the unfair competition the casino presents with its extended hours and free food, drinks and products.

Small business owners in East Boston or Revere, it is in your best interest (and that of your employees and customers!) to oppose the proposed casino at Suffolk Downs. Do not believe for a minute that this casino will impact you positively.

And in the end -- Boston doesn't need a casino for our hospitality and tourism industry to thrive. We're adding restaurant seats at an unprecedented rate. (even in Eastie) Our hotels remain at 85-90% occupancy. We're doing just fine, thank you.

http://bostonherald.com/news/regional/view.bg?articleid=1061175142&cnum=2&format=comments

Sunday, November 11, 2012

Schmoozing, it's in the Playbook


April 13, 2009, the Palmer Citizens Casino Impact Study Committee submitted a report to the Palmer Town Council that determined the annual mitigation costs to host Mohegan Sun would be $18.3 MILLION to $39.9 MILLION ANNUALLY, with an estimated INITIAL CAPITAL IMPROVEMENT COST of $46.7 MILLION to $147.8 MILLION.


The report was ignored.

Middleboro's Selectmen accepted gifts, attended parties and events and treated the Mashpee Wampanoag as friends, not a business coming to town.

Taunton was much the same, blinded by the dazzle of Fools' Gold.

Mayor Menino and Senator Petrucelli accepted 'charitable contributions' from Richard Fields, owner of Suffolk Downs, successfully avoiding disclosure.

Has anyone in Springfield mentioned COSTS?

Too many seem to forget that in order for casinos to profit, local residents need to lose $$$.


Pols told to be ‘very careful’

Urged to avoid Springfield casino schmooze


By Dave Wedge
Sunday, November 11, 2012
 
Springfield elected officials have been warned to steer clear of parties, giveaways or other events sponsored by potential casino bidders to avoid any conflicts of interest, a top city official said.

“Anyone in a decision-making or advisory capacity has to be very careful,” said Kevin Kennedy, the city’s chief development officer and chairman of the casino advisory committee.

The Herald reported yesterday that Ameristar and MGM — locked in a battle to build a casino resort in Springfield — have been shelling out cash for parties to woo supporters and blanketing the city with an aggressive marketing blitz campaign.




Kennedy said of the spending spree: “The PR efforts they are making are good for Springfield. It’s creating a good atmosphere. But we’re taking it one step at a time.”

Meanwhile, Mohegan Sun, which is also looking to bring a casino to Western Massachusetts, has had an office in Palmer for four years, sponsors the Big E agricultural fair and the Basketball Hall of Fame in Springfield and donates money annually to Holyoke for its St. Patrick’s Day parade and to Palmer for its annual Palmer Day festivities, a spokesman said.

Mohegan Tribal Gaming Authority CEO Mitchell Etess trumpeted the “great support” for the Palmer project and said, “It’s been clear ... just how strong the interest level and excitement is for our project.”

The state passed a casino law a year ago, setting the stage for three casinos and one slots-only gaming parlor in the state. Ameristar, MGM, Mohegan Sun and Penn National are among the players competing for the Western Massachusetts casino license. Suffolk Downs so far is the only one in the running for the Eastern Massachusetts license, although plans have been floated for Crossroads Resort in Milford and the Herald reported last week that Everett has had preliminary talks with Hard Rock International for a proposal there. Rush Street Gaming also is reportedly eyeing sites in the state.

The federal Bureau of Indian Affairs last month rejected a gaming compact between the state and the Mashpee Wampanoag Tribe, which was given special rights to a casino license in Taunton in southeastern Massachusetts, sending that proposal back to the drawing board.

Plainridge Racecourse in Plainville is bidding for the slots parlor license, while Raynham Park also has expressed interest in opening a slots parlor.

The state Gaming Commission, which has been meeting with applicants and others who have expressed interest in opening a casino, doesn’t expect the first license to be awarded until 2014.

Erin Smith contributed to this report.

http://bostonherald.com/news/regional/view/20221111pols_told_to_be_very_careful_urged_to_avoid_springfield_casino_schmooze

Thursday, November 8, 2012

Preserve Your Community!





From: Celeste Ribeiro Myers
On Tuesday, No Eastie Casino was out in FULL FORCE at all of the East Boston voting locations, holding signs, talking with our neighbors about casino impacts, and making our presence known to 10,000+ voters. That happened because of YOU! Braving the cool weather, 40+ volunteers fanned out across the neighborhood to tell the truth about how Caesars is going to impact our neighborhood. To all who served -- even if it was through a smile or a handshake to one of our volunteers on your way into the polls -- thank you, thank you, thank you.

We're hearing some amazing stories from Election Day -- stories of conversations with folks who are beginning to see the truth about an East Boston casino, of the deep love for our neighborhood that everyone felt, and of the kind words of hundreds of "silent supporters" at each of the locations.

But the amazing thing we heard from almost everyone who volunteered was the sense that most of the voters with whom we interacted on Tuesday do not favor a casino at Suffolk Downs.

That is very, very good news for our community, of course. Again, we can only credit our No Eastie Casino volunteers for having those tough conversations with neighbors about casino impacts, reaching out to small businesses and inviting friends to meetings. The word is spreading ... fast. People are listening. We are winning the battle for "hearts and minds."
 


But we cannot let up. Caesars will spend whatever it takes to get a "yes" vote when the time comes. We don't have endless amounts of money (and in reality, neither does Caesars), but we do have something they can never have: amazing volunteers like you who care so deeply about the place we call home. If you haven't attended an event or supported the cause yet, we need you now more than ever to join the growing chorus of "No Casino!"

One immediate need we have is to raise some money to bolster our efforts. Among other things (such as printing the many great handouts we have!), we will be hiring a part-time campaign manager for No Eastie Casino. All of the work thus far has fallen on the shoulders of our fabulous volunteers, but we feel the increasing workload merits someone's more focused attention. If you or someone you know might be interested in learning more about that position, please respond to this email.

Can you donate $25, $50 or $100 to keep a casino out of East Boston?

We will soon have a Paypal site up and running for easy online donations; in the meantime, if you are able to give a little bit to the cause, please respond to this email. Someone will be in touch with next steps. (and thanks!)

Thanks again for your continued support. On Tuesday, we reached thousands of our neighbors with our message that East Boston is not an airport ... not a casino -- but a thriving, family-oriented community.

Stay the course!

Celeste Myers and Brian Gannon
on behalf of
No Eastie Casino