Tuesday, November 22, 2011

Casino gaming legislation brings new industry to Massachusetts

Legislation to expand casino gaming in Massachusetts was signed into law by Governor Patrick on November 22nd. The expanded gaming bill authorizes the construction and operation of three geographically-dispersed destination casinos and one slot parlor, and establishes guidelines for a competitive bidding process for each operation. The Chamber has supported expanded gaming based on the job creation, economic development, and capital investment opportunities that casino facilities could bring to our state. The Chamber’s support for expanded gaming in Massachusetts was informed by extensive research, highlighted by its March 2008 independent study Casino Gaming in Massachusetts: An Economic, Fiscal & Social Analysis.

The anticipated benefits of this bill include driving regional investment and spinoff economic activity, creating jobs at a variety of wage and skill levels, and helping to close state and local budget gaps. In addition, the bill provides funding and regulatory provisions designed to mitigate the unintended social consequences often associated with gaming. The Chamber will continue to support the efforts of government and industry leaders to ensure that the state realizes the economic benefits associated with a measured and thoughtful expansion of casino gaming.

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