On October 9th, 2007, Harrah's Entertainment, one of the biggest gambling organization all over the world, is starting a brand new interest in the Massachusetts gaming market following the legislative proposal to allow three gambling resorts in the area.
Harrah's Entertainment government affairs chief Jan Jones commented that she is closely keeping tabs on the development in Massachusetts as Gov. Deval Patrick finalizes his proposal for the three gambling resorts in three different locations on the state.
Harrah's plans to study Patrick's proposal before deciding if they will bid for a license or not. But Jones said she is encouraged by what she has learned so far. Patrick is expected to file a formal proposal this week. The comments from Harrah's are the latest evidence of the interest of major casino organizations in Massachusetts and New England.
Jones said that Harrah's will be looking for a good condition in Patrick's proposal. If Massachusetts sets the taxes too high, it could make it difficult to build the hotel, entertainment and restaurant facilities that are an integral part of a casino complex.
Harrah's interest in Massachusetts has deep beginnings. Harrah's CEO, Gary Loveman is a professor of the Harvard Business School. Loveman has frequently said that he wants to expand in Massachusetts. Harrah's already spent a lot of money last year in an unfruitful campaign to win casino approval in Rhode Island.
10/17/2007 03:45 PM