The Day of New London, Conn., reports that the Mashantucket Pequot tribe is eliminating 170 government jobs because the Foxwoods gambling casino isn’t pulling in money like it used to:
King has said Foxwoods generates about 99 percent of the tribe’s government funding, but the casino has weathered months of reduced revenue because of increased competition in neighboring states and an uncertain economy.
And that’s without any casinos opening in Massachusetts.
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Now, the question arises, what are the comparative figures for the other casinos in the region? Has it become a matter of market saturation, faltering economy, raging gas prices, ‘D’ all of the above?
Casino slump is due to greed. In the interest of efficiency casinos have managed to take all the fun out of slot machines by switching from coin to checks. It’s neat, clean and boring as hell.
Hey, Dan. Any particular reason you provided a link to newsday.com instead of The Day’s own story? Even the newsday.com story gave the URL for The Day at the bottom. Credit where credit is due, yes?
Anon 4:53: I credited it to The Day, but I couldn’t find the link, not even after going to The Day’s Web site. Newsday.com links to The Day’s home page, not to the story.
Not that it really matters, but:http://www.theday.com/re.aspx?re=d1256640-ac40-44a9-bd55-3e6256de96d8There has been a lot of similar news down there.The tribe spent so recklessly and overpaid itself when it first started, that now it is having problems.The tribe has lowered payments to members and is trying to get tribal members to quit their jobs at the casino complex, too.
What the article was missing was Clyde Barrows to tell us how great casinos are and Scott Ferson to tell us that the Mashpee Wampanoag are on track and that the Middleboro Bingo Hall is (still)only 18 months away.
So when does an impoverished tribe become an unimpoverished tribe? How can a tribe that needed the money so bad, over spend that much money? Gamblers are fools to drop just one more coin into that machine.Lets always keep our state CASINO FREE!