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December 17, 2007

BOSTON In a report published last week in Insight, a publication for the gambling industry, Massachusetts could support four or more casinos. Specifically, Western Massachusetts and Worcester County could support two casinos rather than one as proposed by the governor.

The report by Christiansen Capital Advisors states:

"In a state of Massachusetts's size and per capita personal income, tax revenue and economic development would be significantly increased by creating at least one additional license."

"If the goal is to maximize revenues for the state, then Western Massachusetts and the Worcester area could host two casinos."

In the past November 6th election the voters in Chicopee, Pittsfield and Worcester passed non-binding referendums which favored casinos.

The report says Palmer would be a better location for a casino than Chicopee, Springfield or Worcester. It would face less competition than Worcester and would draw from Springfield, Worcester and Hartford . Chicopee would be a good location to draw visitors from northern Connecticut.

The report estimates annual revenues for the following casino locations:
$476.6 million - Palmer
$532.6 million - Chicopee
$313.7 million - Pittsfield
$572.1 million - Worcester

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