Mark Arsenault, Boston Globe, on Sheldon Adelson staying away from the Massachusetts Casino Scene
Tue, 22 May 2012|
Local Gaming Phenom Sheldon Adelson, Las Vegas Sands Corp. has decided to stay out of the Massachusetts Casino scene. Mark Arsenault from the Boston Globe fills us in.
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Automatically Generated Transcript (may not be 100% accurate)
Kind of throw that in there and her -- out. Each week we are our next guest is mark -- and where -- -- talking to mark about Sheldon Adelson. And Sheldon is a huge casino operator -- he's from the -- from Dorchester -- born and raised in Dorchester Massachusetts. And he has announced that he is not going to enter the bidding for masters asks how will you know we he should be gaining three. Sites approved meaning. It would be watered down again about well when they do it approved. -- small state billions of people went out west -- is not the thought people went out wearing heels Springfield where great. And then you put another one may be down on the -- immigrant and you put one in Boston yeah but but still I think that's too close together. Said we're small states and you've got Connecticut -- that one in Rhode Island you've got New Hampshire trying to get into gaming. So he has a point I'm not saying I agree or disagree but he has a point again tonight what's what's the market don't. Good the Dow's up 49 S&P up nine NASDAQ up thirteen oil trading down 48 cents at 920. Eights and you've got gold trading down 960. And then you've got it take -- US treasury. Sitting at one point 798. Starry while we are joined now by mark Arsenault do we have a -- in the east -- -- -- he's coming through the lines as we speak but now guys -- the globe so busy. But you wonder too I mean you know and and you had the whole. Of Foxborough situation. Dissipate that fell partner they lost the end in the vote right they couldn't get the votes yes definitely not go to Foxboro. I don't know where the casino -- the casinos or going may be marked as. We are joined now by mark -- from the Boston Globe that morning Mark -- aren't so -- Sheldon Adelson. Boston native Dorchester native is saying in no thanks to Massachusetts rated as wanna come here this casino. These are gonna come here. Four months he's been considered big shark that's been circling just offshore people have been looking at him wondering wears on land. Turns out he's gonna keeps woman is spent a lot of money building some. Unbelievable. Casinos and Singapore and out China and that's where the money is now -- that's where he's going to be putting his energy is not coming there. Why not might with the with the problem. Well he warned this State's five years ago when he testified. Aponte to know is that even look to build a casino here in his home state -- you wanna be the only one. Liked the area around the site can 105 down around all world self -- that are down there directory access. A lot of nice parcels out there but he didn't think that the market sort of forward to could support. Three resort casinos and one slot parlor which is the maximum allowed under the current law and so it's the market -- is. Measures going to be diluted. He hasn't -- it will support what you want a bill. So what is the what's the status of casinos in Massachusetts now because we know. Bob Kraft and Steve -- they got shot down in Foxboro they withdrawn their bid so. Where where dates where these things gonna go. Well it was him not having win or Adelson. Dating in Massachusetts. Could seriously affect competition those of the two. Heaviest hitters. You want to all of you want him on the State's point of view you want -- -- They've whales competing against each other because then that turns up. That forces settlement that you had better business and produce better facilities. Where they're gonna go. Suffolk downs obviously still hasn't. Well we've been leading in the greater -- region out west. And they're doing to deal with Caesars is that would a very about a. Deal with -- it's not a -- does have a huge stake in that it. But -- Susan -- operating instantly -- entertainment. World wide known and very. -- To attract customers state -- on in the -- that way. So David news Colorado developer has he's landed Belfort and you talk about you know on in the southeast. Region. The Bastille -- oxide has. Working on a tribal casino in content and George hardy who -- random. -- -- -- more slot parlor. Playing -- race course and -- bill also being personal parlor and then on the west. There's several. Mark you know companies. Certainly legitimate companies are competing elder in the west but it won't need to -- Palmer. And Ameristar Casinos Springfield. You know Penn national count -- And hard rock cafe or else still sort of floated around militant -- as world MGM and it but. Planted their flag and repealed and pull it up saying that they should've done more homework that the side but -- -- -- float around as well. See it sounds like he had about seven or eight players right there -- their bidding for three different sites are three different permits. Seven irate players getting around the state. And also want to know about of course there're. There'll planet companies I believe looking around keep an eye on things waiting for. Perhaps. The right ultimate opportunity and I don't think anyone feels Andy's sense of urgency to plant their flag on that side story that the gambling commission. Has been slow to kind of -- -- -- -- a lot of people jumping court like MGM they had planted their flag. And then realized that it'll probably noted do that since they're not to be great to accept bids this year. Why why aren't they moving faster mean in this -- the economy's terrible Brady had a lot of trades people that are out of work and unity you you put a casino in Suffolk downs that's got to be 5000 jobs blue collar high paid jobs right away why what's what's the delay. There's definitely tension between -- municipal officials who want this Mayor -- obviously -- -- Springfield distrust for the best. They want the jobs they've got thousands of unemployed construction workers often cannot do its work not to mention them money -- -- The series you bring into the city so they want so there's that pressure to go faster on the other hand. From camp -- commission's point of view and the chairman Steve Crosby has been very clear about this in other states. When may have rushed things have gone raw in Pennsylvania. Probably would be most applicable example where there was a lot of pressure to get the money rolling. They would your past errors. In charge of allegations of corruption political influence just things that. That masters is strive to do without that Crosby has said from the beginning and if they can actually get these casinos up and running. In a reasonable period of time with no getting indicted there would be. Considered. Well they better keep the legislator out and legislature out of it. All vehicles mostly bets on the legislation has been set up once you want to want some lawmakers and the soft the game commission. As far as we know -- They now that. Hey -- -- that Boston misses out on this because that's my big fear. If we don't have a casino you are gonna get the big conventions. Well the wave legislation as -- -- Campbell commissioner it's gonna make this determination based on the competition. If -- -- what's to come back to or some other place in the Greater Boston region a couple of compelling. Proposal if dunes had compellent also offered they'll compete -- Suffolk downs the best proposals one. I hope that does happen in that you know pissed people are gonna go from. Ears you're staying at the Marriott Copley you can go from the Copley -- about the -- now to go to casino he has not happen. -- -- So anyway -- mark thank you very much for your time in your research great job and drive it that's mark -- from the Boston Globe joining us with his. Casino update -- got a I had hope the mayor does screw this up I don't think he will I got a really you know. No city this just happened to the state of Maryland to I don't know if you watched the preakness over the weekend in Baltimore but that -- state is really hurting that track hurting and historical track Beckett shut down. And it's because they have gaining in all of the states around them just like us so we gotta get this moving.

