Thursday, November 17, 2011

Chamber Welcomes Enactment of Casino Legislation

The Greater Boston Chamber of Commerce today welcomed enactment of legislation to expand casino gaming in Massachusetts, saying the bill brings the promise of creating jobs at a variety of wage and skill levels.

“The Chamber has been a consistent supporter of the gaming bill, motivated primarily by the prospect it brings of creating new jobs in Massachusetts,” said Paul Guzzi, President and CEO of the Chamber. “We applaud the Legislature for passing this legislation, which will also drive regional investment and spinoff activity while helping to close state and local budget gaps. In addition, we are pleased that the bill includes provisions to mitigate the unintended social consequences often associated with gaming.

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.

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