Click Now!

Legislative Committee Approves Mashpee Tribe Casino Compact

Legislative Committee Approves Mashpee Tribe Casino Compact

A Massachusetts legislative panel has voted in favour of a casino compact with the Mashpee Wampanoag tribe.

Legislative Committee Approves Mashpee Tribe Casino Compact

A Massachusetts legislative panel has voted in favour of a casino compact with the Mashpee Wampanoag tribe.

There is good news for gambling fans in Massachusetts. After being stuck on Beacon Hill for the last few months, finally a casino compact between Governor Deval Patrick and the Mashpee Wampanoag tribe is making progress. Last week on Tuesday a legislative committee voted in favour of the compact and is has now been sent to the full House and Senate for final approval.

Earlier this year, in March, Gov. Patrick signed the revised compact with the tribe after a previous draft of the agreement was rejected by the federal Bureau of Indian Affairs.

The new compact will see the state receive somewhere between 15% and 21% of gambling revenues if the Mashpee Wampanoag tribe manage to build a casino in Taunton.

In other gambling news from the area, voters in West Springfield recently voted against a proposal to build a casino resort from Hard Rock International. Also in Plainville a referendum is going to take place on a proposed slots parlour at the Plainridge harness race track.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments