Maine slot study released

3 Oct 2007

MAINE -- As reported by the Bangor News: "A study released Tuesday by a University of Maine economist estimates that the Calais racino proposed by the Passamaquoddy Tribe could generate between $11.9 million and $13 million in slot machine revenue annually.

"'The projected impact in slot machine revenue is actually larger than the total sales generated by restaurants and hotels in the Calais area,' said Todd Gabe, author of the study and an associate professor in the UMaine School of Economics. Gabe is also a fellow in the UMaine Center for Tourism Research and Outreach.

"By comparison, slot machine revenues at Hollywood Slots at Bangor are equivalent to less than 20 percent of total hospitality sales in the Bangor region.

"...Maine voters will be asked in a November statewide referendum whether to allow the Passamaquoddy Tribe to develop a racino with up to 1,500 slot machines in Washington County.

"...To arrive at his figures, Gabe said he examined the total market potential for casinos throughout Maine. He also examined other U.S. states with gambling facilities and the number of slot machines per 1,000 residents; the amount of revenue generated per slot machine; and national data on how many adults go to slot machines as well as how often and how much each one spends..."

Maine slot study released is republished from CasinoCityTimes.com.

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	Maine slot study released 3 Oct 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> MAINE -- As reported by the Bangor News: "A study released Tuesday by a University of Maine economist estimates that the Calais racino proposed by the Passamaquoddy Tribe could generate between $11.9 million and $13 million in slot machine revenue annually. "'The projected impact in slot machine revenue is actually larger than the total sales generated by restaurants and hotels in the Calais area,' said Todd Gabe, author of the study and an associate professor in the UMaine School of Economics. Gabe is also a fellow in the UMaine Center for Tourism Research and Outreach. "By comparison, slot machine revenues at Hollywood Slots at Bangor are equivalent to less than 20 percent of total hospitality sales in the Bangor region. "...Maine voters will be asked in a November statewide referendum whether to allow the Passamaquoddy Tribe to develop a racino with up to 1,500 slot machines in Washington County. "...To arrive at his figures, Gabe said he examined the total market potential for casinos throughout Maine. He also examined other U.S. states with gambling facilities and the number of slot machines per 1,000 residents; the amount of revenue generated per slot machine; and national data on how many adults go to slot machines as well as how often and how much each one spends..." Maine slot study released is republished from CasinoCityTimes.com.

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Maine slot study released