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    • Massachusetts legalises bricks and mortar casino gambling


    While fans of the online version of casino gaming in the United States live in ever-increasing hope that they will soon be able to play online poker and blackjack as they once were, the bricks and mortar gaming industry is also expanding and recent events in Massachusetts demonstrate that willingness to embrace the construction of casinos .



    The Massachusetts governor is Deval Patrick and three days ago he signed a law which will legislate for the development of three casinos and a slots parlour. The state of Massachusetts, like every other U.S.state, has suffered economically over the past few years and Patrick has recognised the need for increased tax revenue. He has actually spent the past five years working on the proposals which means, to his credit, he foresaw the need for extra revenue before the global economic downturn which began in 2008. In fact one might argue that the post-2008 financial situation gave the state lawmakers a persuasive kick in the right direction.


    picture of deval patrick

    Massachusetts Governor Deval Patrick


    The real fun now begins as the process for licensing casino operators starts. The licences are split into three zones - the south eastern corridor, western Massachusetts and Boston (which is the expected to be the most lucrative). The competition for the south east and Boston will not be that interesting: the Suffolk Downs racetrack (based in Boston), along with Caesars Entertainment are a shoe in for the Boston casino while the Mashpee Wampanoag tribe while probably get the license for the south eastern one, although that is conditional on them securing an appropriate location - a task they must complete by next summer.



    More exciting will be the race for the western Massachusetts casino and there are a few big names in the hat; Hard Rock International are in the running, as are Penn National Gaming, Ameristar and the Mohegan Sun tribe. This location will probably produce the least revenue out of the three but the companies which have shown an interest show that it's still a tempting site. Deval Patrick will now spend the next three months or so picking a five person gaming commission which will then allocate the licenses early next year.



    Playtech Undertakes Share Issue


    Playtech, the world's biggest developer and provider of casino software is to undertake a range of new ventures and acquisitions in an effort to reverse the recent slide in stock value which has wiped a quarter off the value of the company.



    Playtech, best known for it's myriad of slots machines and slots software, are currently keeping the new opportunities under their hats but have identified around £40 million worth of possibilities. This should easily be affordable if their bid to raise £100 million in a discounted share issue is successful.



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