UHY Study Finds Potential for Governor Patrick's Casino Plans

On March 6th, 2008, a report that was financed and commissioned by the Greater Boston Chamber of Commerce discovered that Governor Deval Patrick’s proposal to construct three resort casino facilities in the state of Massachusetts could be a good economic lifeline for the state. The casino study, which was done by the UHY Advisors FLVS, Incorporated predicted that three casino facilities would produce $2 billion to $2.3 billion in yearly gross gambling profits.

The study made by UHY found out that by 2012 the casino plan could produce $376 million to $429 million in brand new state profits. The study also predicts that the casino proposal would produce 10,000-11,500 construction employment opportunities over a three year construction period as well as 17,000-21,000 employment opportunities.

Paul Guzzi, the president and CEO of the Greater Boston Chamber of Commerce said that their main intention with this study is to look at the facts that are attached to casino gaming. The study made by UHY also showed that the casino plans can also have a bad effect in the society by increasing the chances of problem gaming, crime rate and bankruptcy. But the study did not take a personal position on these social issues.