Saturday, 12 November 2011

New Hampshire Moving Forward With Expanded Gambling Plans

New Hampshire Gov. John Lynch said this week that he had appointed 14 appointed members of the Gambling Study Commission, which he created through an executive order in July, and has charged them with reviewing various ways of expanding gaming in New Hampshire.
The mayor of Portsmouth, New Hampshire Tom Ferrini is the highest-profile member of the panel.
Ferrini, the mayor of Portsmouth and a director at the law firm of Wyskiel, Boc, Tillinghast & Bolduc, P.A., in Dover, said he believes the commission's task will be to conduct a fact-driven and analytical study of the impact gaming would have on New Hampshire.

Ferrinni said he expects a substantial amount of data to be taken into account as a part of that, giving as examples the effect of gaming on other states, how it could affect New Hampshire's revenue picture and expenses, and the state and individual communities' quality of life.

Ferrini said he believes he was selected to serve on the commission because of his 20 years of experience as an attorney, his position as mayor and involvement in a number of boards, committees and organizations in Portsmouth, a city which he noted is well-known for its hospitality industry

“The commission's role will be to provide impartial analysis of the industry's prospects,” Ferrinni.

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Gambling booming in Connecticut

A new state-ordered report indicates that legalized gambling is helpful to the Connecticut economy, but the state has done a poor job of regulating the industry.

The 390-page study, called "Gambling in Connecticut: Analyzing the Economic and Social Impacts," was conducted by Spectrum Gaming Group. It's the state's first analysis of legalized gambling in 12 years.

 "The goal was to look at the good, bad and ugly of gambling in the state," said Michael Diamond, Spectrum's vice president of research. "We had to go back to 1997 to find a study like this, so we wanted to give a comprehensive look at gambling in Connecticut since then."We concluded that there should be more state gaming regulation."

The report says Mohegan Sun and Foxwoods casinos are responsible for creating 12 percent of the new jobs in the state since 1992 and that the casinos have brought in $1.2 billion worth of personal income to the state.

Fifteen years ago, casinos added $24 million to the state's general fund; in 2007, casinos brought in $340 million. But although the state once distributed 78 percent of the money brought in by casinos to its 169 towns and cities, that amount has now dropped
to 21 percent.

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