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The ban on commercial casino development in Southeastern Massachusetts may be over, but the region remains a tricky bet for private casino companies, with disadvantages that could discourage investors and chill competition, casino specialists said.
As the last of the state’s three regions to enter the bidding, Southeastern Massachusetts is at least months behind Greater Boston and Western Massachusetts, where casinos are expected to open first.
“You are not only late to the game [in the southeast], but conceivably there could be two other casinos up and running,” said Carl Jenkins, managing director at the financial firm Duff & Phelps, who has studied the state’s gambling market. “What if those are just two over-the-top casinos? They’ll have an opportunity to grab market share and loyalty.”