Massachusetts Casino Trends Survey Reveals Some Surprises

Massachusetts Casino Trends Survey Reveals Some Surprises

A survey of more than 3,000 New England residents conducted this week by the University of Massachusetts Dartmouth’s Center for Policy Analysis reveals some interesting facts about Massachusetts’ casino-goer trends, and perhaps those of the world as a whole.

Those surveyed spanned five New England states, minus Vermont, and weren’t exclusively casino-goers. Of those surveyed, however, more than half, 52 percent, engaged in some as a type of gambling, be it casino, lotto tickets, or betting on sports.

Only A Few Gamblers

The most interesting result associated with survey is that of those who visited an area casino, nearly 20 percent did not gamble at all, and were presumably drawn solely by the shopping or dining offered by the casino. This will be a sharp enhance from just six years ago when a comparable survey found that just 7 percent of casino visitors did not gamble.

Among other findings, it absolutely was discovered that casino-goers are investing less money on average, and travelling less to reach their gaming destination, no doubt a by-product of the struggling U.S. economy.

‘Convenience gamblers don’t care about bells and whistles, they need to play slot machines and they want to do it close to home,’ said Clyde Barrow, executive manager for the UMass center, who is been overseeing the yearly study on area gambling habits for six years.

That statistic is further exemplified by the fact that only 7 per cent

No Smoking Revel Going Up in Smoke with Bankruptcy

No Smoking Revel Going Up in Smoke with Bankruptcy

Simply days in short supply of a year since it launched to great fanfare, Atlantic City’s no smoking casino experiment Revel is looking to declare themselves bankrupt, predicated on federal securities regulators’ disclosure statements the casino filed early in the day this week. Through the secret of high finance sleight-of-hand, some $1.5 billion in staggering debt will now be converted into $1 billion in equity for the casino’s eager creditors, and a brand new CEO, Jeffrey Hartman (formerly of the Mohegan Sun in Connecticut) takes the reins over of the faltering mare.

Resignations Are Really a Lot

Hartman gets control of for recently departed Walk of Shamers ex-CEO Kevin deSanctis and Chief Investment Officer Michael Garrity; thankfully, this isn’t Japan, or there would be entrails that are intestinal the penthouse towards the parking lot by now. Nope, this is America, the place where a smartly negotiated contract whenever you sign up gets that you well-paid trip when you are axed; so DeSanctis and Garrity not merely get to stick to with the Revel brand, they could additionally look forward to about $7 million in consulting charges for the remainder year. Is that each or together? We’re not yes, but our hat goes off to their attorneys: well-played, counselors, well-played!

Smoke Signals

Although Atlantic City overall has been in a nosedive that is financial (attributed to everything from Hurricane Sandy to an unclear mark