Study shows zero benefit of casino competition

Mar 4, 2013 7:06 PM

If New Hampshire builds a casino in the southern part of the state that will compete with a casino planned in Massachusetts, the net benefit could be zero, according to a study released last week.

The analysis was conducted by the N.H. Center for Public Policy Studies. It suggested results of various size casinos and the required investment that would have to compete with a billion-dollar gambling facility planned for Suffolk Downs racetrack in East Boston.

The study concluded competition from Maine and particularly from the three planned casinos and a slot parlor in Massachusetts “will have an impact on the state’s revenues.”

The study notes that under the proposal favored by Gov. Maggie Hassan the return to the state would be minimized by the fact the developer would be able to count the licensing fee and the cost of purchasing or leasing the land in the total investment required.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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