Casino tax breaks: Bad news for Gov. Hassan
Some proponents here bravely say it doesn't matter whether the Bay State paves the way for a big Boston area casino or repeals such gambling this fall. But rookie Gov. Hassan may secretly hope casinos win in the Bay State and the issue quietly goes away here.
A recent Wall Street Journal report started this way:
"Racetrack casinos used to contribute as much as $240 million a year to Delaware's tax coffers. But as the Northeast becomes saturated with gambling venues, the state's casino revenue has tumbled, prompting a new industry request - for a tax break.''
The Journal story noted a recent Fitch Ratings report that said the Northeastern gambling market "is reaching a saturation point.''