Have I ever been to Foxwoods? At least 20 times. And Mohegan at least a dozen times. And Vegas at least 20 times in the last 15 years. I also have experience in my professional life with the casino industry. You are severely misinformed if you think the bread and butter of these billion dollar full casinos (not the slots and bingo parlors like Twin River) profits are with some blue collar worker throwing down a couple hundred bucks a week out of his $35,000 a year salary. It would take hundreds of thousands of those folks to sustain a local casino. The numbers aren't there. It's the higher rollers the casinos want and need. Just like professional sports teams nowadays all rely on luxury suites to be profitable. The real profits are not coming from the guy buying a $15 nosebleed seat. Just like expensive restaurants rely on the $100+ bottle of wines and $40 steaks and not the person who sits at the bar, orders a a beer and a burger.
The numbers are defintely there. Massachusetts is 33% of Foxwoods and Moheghan Revenue stream. Wynn would clean up.
If Wynn builds a billion dollar casino near Boston, Everyone in the surrounding areas will go to it just out of boredom. Every walk of life in the inner cities would hang out in this area.
#1 Welfare recipient
#2 Social Security Retirees
#3 Disability society
#4 Asian Community
#5 Working Class (mostly Blue/White on the weekends)
#6 Politicans
#7 Corporate Functions
#8 Govt Employees
#9 Drug Dealers
#10 Upper Working class
#11 Students/Grad Students
The casino would suck in everybody like a vampire on crack.
When I talk about Everett, Malden, Medford, Lynn, Revere, Saugus, Chelsea, Somerville, Eastie, Winthrop, Nahant. These areas will be effected very negatively.
But people would come from Worcester, Springfield, New Bedford, Fall River, Waltham, Canton, Dorchester, Jamica Plain, Roxbury, Everywhere in the state which would absolutely destroy that area.
Boston generates alot of money and a billion dollar casino is a no-brainer for an investor especially the 1st casino getting its feet wet in the area. Until the other casinos are built and then that would start to eat through each others profits the race to the 1st casino will be the key.
Casinos are all about the masses not the Whales