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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Tuesday, February 24, 2009

Lucky Seven

Well, scratch a casino gambling bill off the Legislature's agenda.

If Deval Patrick needs any additional convincing that resort casinos are not the way to balance the budget, the Globe's Matt Viser provides it in this dispatch from Las Vegas.
Sheldon Adelson, Las Vegas Sands Corp. chief executive, in a rare, hourlong interview last week inside his office at The Venetian, said Massachusetts can't expect to win the lucrative windfall that Patrick forecasted last year unless the terms are more favorable to developers.

"I will do everything I can to be in my own hometown, in my own state," said Adelson, a Dorchester native. "However, it's going to be more difficult.

"I don't think there's anybody left in the casino business that would pay $350 million for a license for 10 years," he added. "They won't do it."

Not even the slots are recession-proof. And we're talking about a business sector that hasn't exactly acquitted itself with flying colors in recent years.

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