Keller @ Large: Should Massachusetts Cut Losses With Casinos?

July 12, 2013 12:00 PM
Keller @ Large: Should Massachusetts Cut Losses With Casinos?
" BOSTON (CBS) – It’s always a good idea to be open to change. And sometimes, that means being willing to cut your losses and change course from pursuing a well-meaning plan that turned out to be a loser.

We may be approaching that point when it comes to casino gambling here in Massachusetts.

I attended part of Thursday’s meeting of the Mass. Gaming Commission and talked with chairman Steve Crosby about the latest numbers out of Atlantic City, the one-time East Coast gambling mecca that appears to be circling the drain. Every casino there saw a sharp drop in revenue last month, and the city is on pace to see its worst revenue numbers in more than 20 years.

Listen to Jon’s commentary: play pause Keller at Large July 12 2013 Jon Keller Download

And I asked Crosby if that gives him pause about whether casinos here can really deliver on their pot-o-gold promises "

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