WORCESTER — The Massachusetts gambling market is awash with enough disposable income to support three healthy and profitable casino resorts and one slot parlor, economists and casino industry analysts told the state gambling commission at a forum Thursday.
Commission chairman Stephen Crosby said the half-day forum, organized by the commission, should put to rest recent questions about whether the state can support up to four gambling facilities, as authorized in the 2011 state casino law.
“The underlying [economic] assumptions that were the underpinnings of the law still hold,” Crosby said in an interview after the symposium at Quinsigamond Community College. “The market can handle three casinos and a slot parlor.”
Questions about whether the state could support all four facilities have been at the forefront of the public debate in recent weeks, after casino mogul Sheldon Adelson said in May that he would not bid to build a casino in his native state of Massachusetts because plans to license up to three resorts and a slot parlor would dilute the market.
The commission does not have to issue all the licenses it controls and is still a long way from deciding which proposals will be approved, and how many. One of the three resort casinos may be a tribal casino, approved under federal law, in Southeastern Massachusetts.
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