Monday, October 17, 2011

CHAMBER LAUDS JOBS BENEFITS OF CASINO LEGISLATION

Press Release:
CHAMBER LAUDS JOBS BENEFITS OF CASINO LEGISLATION

Boston, MA (October 13, 2011) – The Greater Boston Chamber of Commerce today reaffirmed its support for legislation passed by the Massachusetts Senate to expand casino gaming in Massachusetts, saying the bill brings the promise of creating jobs at a variety of wage and skill levels.

“As we have stated consistently throughout the debate on this issue, the Chamber believes the gaming bill will drive regional job growth, investment, and spinoff economic activity across Massachusetts, while helping to close state and local budget gaps,” said Paul Guzzi, President and CEO of the Chamber. “We applaud the Senate for passing this important legislation and hope the Conference Committee will move quickly in sending a final bill to the Governor.”

The Chamber’s support for expanded gaming in Massachusetts has been informed by extensive research, highlighted by its March 2008 independent study Casino Gaming in Massachusetts: An Economic, Fiscal & Social Analysis. Based on these findings and related research, the Chamber has used the following criteria to evaluate proposals to expand gaming in the Commonwealth:
• Job creation – promoting immediate job preservation and longer-term job creation;
• Revenue maximization – generating substantial short- and long-term licensing fees and gaming tax revenue to the state;
• Tourism impact – capitalizing on the state’s existing visitor base while providing economic stimulus and revitalization to regions across the state; and
• Social impact – mitigating and helping to address the unintended social consequences often associated with expanded gaming.

“As an economic development organization, we are particularly pleased by the law’s prospect of creating a variety of new jobs,” added Guzzi.

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