Monday, October 6, 2008

Maine Could Be Closer To Adding Casinos

Feather News

Olympia Gaming, the Las Vegas company that pulled out of the Mohegan partnership proposing a Kansas casino, is proposing a $150 million casino in Maine.

Olympia Gaming must wait to see the results of a casino referendum initiative that will be put before voters on November 4. The initiative, if approved by voters, also puts in place a 10-year moratorium on the prospect of competing casinos.

Voters in Maine approved a racetrack-slot parlor referendum in 2003, which resulted in Penn Gaming's 1,500 slot-machine Hollywood Slots in Bangor. Voters rejected various initiatives that would have allowed the Penobscot and Passamaquoddy Indian tribes to build casinos or slot parlors.

A press release issued by a group promoting the casino initiative states, "Last year, Mainers made 271,000 visits to Connecticut casinos. During the last three years, Mainers spent over $100 million MAINE dollars there and paid Connecticut over $13 million in taxes."

Olympia Gaming bought a controlling interest in Evergreen Mountain Enterprises in Oxford, Maine. Olympia announced in mid-September its intention to build a $150 million casino, which includes a 125-room hotel, if the referenda is approved in November.