Figures released Monday from the Maine Gambling Control Board show slot machine playing was down in Bangor in 2015, while in Oxford there was reason for the house to smile. Oxford Casino reported nearly $4 million more in revenue last year over 2014. As the host municipality, the town of Oxford received more than $1.5 […]
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Posted inBusiness, Oxford Hills
Maine lawmakers push for more casinos
AUGUSTA — A study commissioned by the Legislature and released last year has prompted lawmakers to propose several bills that would allow more casinos to join those in Bangor and Oxford, despite opposition from officials representing the two existing facilities. LD 1346, An Act to Establish a Comprehensive Gaming Policy, proposed by Rep. Diane Russell, […]
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Posted inBusiness, sj-web
Hollywood Casino drops 24-hour schedule after trial run
BANGOR — Coming out of 2014 with a slight drop in net revenue, Hollywood Casino tried a 10-day experiment in which it kept its doors open around the clock. The test run didn’t yield the results casino officials hoped for, so the gambling facility has returned to its normal 19-hour day. “The biggest takeaway from […]
Posted inBusiness
Maine casinos report a bit more revenue, chip in $45 million in taxes
Maine casino-goers might have hit the wall in 2014. Early figures from the Maine Gambling Control Board released this week show slot machine revenue nearly flat last year at the state’s two casinos. In Bangor, Hollywood Casino saw slot players gamble $459.6 million last year compared to $468.9 million in 2013, an almost 2 percent […]
Posted inBusiness, sj-web
Gambling group says Maine casinos create 1,500 jobs
PORTLAND— A new report funded by the American Gaming Association says Maine’s two casinos have created nearly 1,500 jobs. The report conducted by Oxford Economics suggests Maine’s unemployment rate would rise from 5.8 percent to 6.4 percent without the casinos in Oxford and Bangor. The figure of 1,500 jobs includes about 800 direct jobs, about […]
Posted inMaine, Oxford Hills
Idea of more Maine casinos has Oxford, Bangor concerned about ‘cannibalization’
BANGOR — A recent report released by a gambling management and advisory firm about the potential for more Maine casinos has excited state legislators. But the state’s two existing casinos and local governments invested in their success or failure expect to push back, arguing further casino development could stifle or quash the fledgling industry. Last […]
Posted inMaine
Scarborough Downs agrees to build hotel, complex first if state approves new racino
Fewer people are playing the ponies: Off-track and racetrack wagers in Maine were down again in 2013. The figures were released Wednesday, the same day the Maine House gave initial approval to a new twist on Scarborough Downs’ effort to win a racino in the Legislature: It would have to build a hotel, an entertainment […]
Posted inBusiness, Maine
More than $1.1 billion gambled at Oxford, Hollywood casinos in 2013
In its first full year, customers gambled $677 million at Oxford Casino slot machines, walked away with $619 million in wins and left close to $30 million behind for the house, after taxes. The figures were released Friday in the Maine Gambling Control Board’s 2013 annual report. Bangor’s Hollywood Casino, meanwhile, saw customers gamble $469 […]
Posted inBusiness, sj-web
Casinos argue against expanding gambling in Maine
BANGOR — Leaders of Maine’s two casinos told members of a legislative committee Wednesday that the state has reached its saturation point with gambling and opposed a series of bills seeking to expand the industry. Representatives of some of the groups behind the proposals, which include two of the state’s Indian tribes, told members of […]
Posted inAdvertiser Democrat, Oxford Hills
Gambling board reports revenue increase
AUGUSTA — Tax revenue from the state’s two casinos is up significantly over last year, according to figures from the Maine Gambling Control Board. According to the figures, in the current fiscal year, the state has taken in $35,407,412 in revenues from slot machines and table games from Oxford and Hollywood casinos, $10,400,315 more than at […]