Massachusetts Treasurer Plans To Beat Indian Tribe Into Casino Market
As is the case with many states these days that do not have legal casino gambling, Massachusetts is losing revenue that could help their state to bordering states, in this case Connecticut and Rhode Island.
That could change if Cahill has anything to say as he has proposed that the state should partner up with private developers to create one or more casino resorts that would possibly generate over $1 billion annually.
It is important for legislation to move quickly on this issue because Thursday was also the day the Mashpee Wampanoags' gained recognition as a tribe federally.
A task force has been formed by Governor Deval Patrick. The task force is to examine whether he should support legalizing gambling outside of the already legal lottery, and horse and dog tracks. The report should be done by the end of the summer.
Part of Cahill's plan would involve an auction to find the best bids for the state. Then, these new casinos would be regulated by the state's gaming commission, but would be privately owned and operated.
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