Posted inEconomy

Mass. should suspend lottery ticket sales

LAST MONTH, Massachusetts Lottery officials announced recent sales figures for lottery tickets. The numbers aren’t pretty. Sales from the week ended April 18 were down 33 percent compared to the first week of March. The recent drop-off is due primarily to the fallout from COVID-19. Some businesses that sell lottery tickets have closed temporarily. Tickets […]

Posted inEconomy

Virus notes: Budget roundtable tripped up by livestream failure 

IT WAS AN inauspicious start to the effort to reckon with the devastating effects of the coronavirus pandemic on state revenue and the implications for the current fiscal year as well as the 2021 budget.  A virtual economic roundtable scheduled by state budget writers for Tuesday morning was delayed by a week after the Legislature […]

Posted inOpinion

Tribe says US took its land out of trust

Following is a statement posted on the Mashpee Wampanoag Tribe website on Friday. At 4:00 pm today — on the very day that the United States has reached a record 100,000 confirmed cases of the coronavirus and our Tribe is desperately struggling with responding to this devastating pandemic — the Bureau of Indian Affairs informed […]

Posted inGambling

Wynn slammed by Macau shutdown

WYNN RESORTS CEO Matt Maddox said the coronavirus shutdown of all the casinos in Macau for at least two weeks is costing the gambling giant millions of dollars a day in lost revenue even as the company continues to burn through $2.4 million to $2.6 million a day in ongoing expenses for employees. Casino business […]

Posted inEconomy

Casinos continue sluggish performance

NOVEMBER FIGURES SHOW continued weakness in the Massachusetts casino industry, where fears of market saturation in the Northeast appear warranted and revenue projections for the state’s dive into the casino world look as though they were overly optimistic. Plainridge Park Casino in Plainville recorded its worst full month since opening in 2015, with $10.9 million […]