Figures just released baby the Massachusetts Gaming position should be paid close attention to by Everett residents about to welcome a casino here.
Business should be brisk if these figures tell the story.
They do indeed tell a story of great success.
MGM Springfield, the state’s major casino at this time, has reported sharply higher earnings all around for March.
The total of wagers at MGM Springfield last month amounted to $203 million. That’s up by more than $30 million over February.
Since it opened in August, MGM Springfield has generated $1.345 billion in revenues.
Encore, when it opens, is expected to generate at least $1.2 billion a year, a figure which should be much higher given the level of investment and the positioning of the casino in Everett – so close to Boston.
State taxes amounted to $6.421 million – up by $1.1 million over the February figure.
When the Leader Herald hits the stands on Wednesday, there will be exactly six days until Christmas.
If you are like me, you haven’t yet bought a single present.
I don’t know what I want to buy.
I’m not even sure this year if I want to buy anyone anything.
You see, I’m still mourning the death of my mother in July. She won’t be around this Christmas, the first time in my life ado I don’t feel myself wanting to celebrate and frankly, I would feel guilty celebrating.
The powers that be, mainly the mayor and CFO Eric Demas, have deemed it too expensive and there for irrelevant.
They both believe that every dime of spending by the School Department for items like the Homecoming is an abomination. What is gained and what is lost?
The School Department will save as much as $50,000 when all is said and done. This can be put against the annual underfunding effort that has led to 100 teachers and aids being dismissed from the School Department. In this instance, the end of Homecoming can be perceived as a gain.
What is lost is not quite as easy to demarcate exactly.
What is lost is the city’s major annual parade, a giant event with thousands of Everett residents from all walks of life participating.