Today casino operator Mohegan Sun unveiled a new architectural design for its proposed casino in Palmer, Massachusetts. The project would include a 250,000 square-foot casino, two hotels, retail space, a conference center, an outdoor pavilion, and an indoor-outdoor water park.
The state's gambling commission has voted to allow failed applicants for casino licenses in eastern or western Massachusetts the opportunity to compete for the sole license in southeastern Massachusetts.
The motion was approved on Thursday by the panel, which had earlier voted to open the southeast region to commercial casino bids. The Mashpee Wampanaog tribe previously enjoyed exclusivity in the region while it pursued regulatory approvals for a proposed resort casino in Taunton.
Today's panelists are WAMC’s Alan Chartock, WAMC's Morning Edition host David Guistina, and University at Albany Journalism Professor and Investigative Reporter, Rosemary Armao.
This morning our discussion topics include: Supreme Court set to end ban on benefits to gay spouses? States weigh sports betting as way to raise cash. How Secure is the Mexican Border? Nike’s new Tiger Woods ad causes a stir.
Gambling takes place every day and is a rapidly growing form of entertainment. With the Superbowl in the rearview mirror and March Madness full speed ahead, many people have been placing bets as they root for their favorite teams to make it to the Big Dance. It’s more than just a game; it’s a big business for gamblers.
A study done by the International Centre for Youth Gambling Problems, says that between 60%-80% of high school students have gambled for money during the past year.
After the fall of Lehman Brothers, Joe Peta needed a new employer. He found a new job in New York City but lost that, too, when an ambulance mowed him down as he crossed the street on foot.
In search of a way to cheer himself up while he recuperated in a wheelchair, Peta started watching baseball again, as he had growing up. That's when inspiration hit: Why not apply his outstanding risk-analysis skills to improve on sabermetrics, the method made famous by Moneyball--and beat the only market in town, the Vegas betting line? Why not treat MLB like the S&P 500?
In his book, Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order), Peta shows how to subtract luck from a team's statistics to best predict how it will perform in the next game and over the whole season. His baseball "hedge fund" returned an astounding 41 percent in 2011-- with daily volatility similar to funds he used to trade for.
BOSTON (AP) — The gambling industry spent $2.3 million dollars lobbying Beacon Hill lawmakers in 2012, a drop from the $3.1 million spent by the industry in Massachusetts in 2011.
A review of lobbying records by The Associated Press found that despite the decline, companies hoping to land one of the state's coveted casino license still poured hundreds of thousands into lobbying.
The Massachusetts Gaming Commission has begun several days of meetings to address dozens of policy questions. It’s a prelude to the commissioners writing the final regulations to fully implement the year old gambling law and license resort casinos. WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.
The gaming commissioners, meeting in Boston, voted unanimously Tuesday to set a policy that bans a community from holding a referendum on a casino project until it has been determined the developer is suitable to hold a gaming license in Massachusetts.
Two high powered casino operators affirmed their commitments this week to pursue projects in Springfield Massachusetts. Officials in Holyoke, a late entry to the western Massachusetts casino competition, are moving to form committees to review proposals from developers. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has an update on the fast moving casino story.