MGM Mirage and Chief Executive Officer Terry Lanni told the gathering at the Nevada Development Authority's annual luncheon that,
Nevada's economy is in disarray because the tax structure,
which relies heavily on gaming and sales taxes, is broken.
Flip that coin and we find the Adminstration has submitted legislation to allow casinos in Massachusetts to fix the problems created by inadequate tax and spending policies in the Commonwealth.
When I was a teenager my mother used to say to me, "you're a smart girl but you don't have any common sense." She considered common sense a highly desirable virtue. With gray hairs some of us do obtain a measure of common sense. It appears evident that the global and regional competition for casino build-out will reach market saturation. This is a hint that Massachusetts would be better to stay out of the game of implosion and explosion of an industry that is insatiable.
Revel casino in Atlantic City received approval this week to build a 2 Billion dollar enterprise on the Boardwalk as part of the recently launched concerted effort to pull-back the New England market to it's gambling roots in pristine, virtuous Atlantic City.