The top gaming industry regulator in Massachusetts is standing firm on casino revenue estimates.
Massachusetts Gaming Commission Chairman Stephen Crosby sees no need to revise gambling revenue projections in the face of declining profitability at the Connecticut casinos, where revenue has declined 39 percent over the last eight years.
" We are part of the new competition. We might cause a problem for them ( the Connecticut casinos)," Crosby told reporters in Springfield Thursday.
" We think the numbers are legitimate for us and not a reason for worry, and we certainly are not predisposed to let anybody change their capital commitments," he added.
Massachusetts’ first casino, with slot machines and no table games, is scheduled to open in four months. Projected annual revenue is between $86 million and $130 million.
