Competitor calls compact "comically bad deal"

KG Urban Enterprises has submitted an application to build a commercial casino in the Southeastern Region
State’s share under the compact ranges from a high of 21 percent should the tribe face no competition to a low of zero if a casino is approved in the southeast region.

New Bedford casino developer bashes Mashpee Wampanoag Compact as "comically bad deal"

Ahead of an expected House vote Wednesday to ratify a tribal gaming compact, the developer behind a competing commercial casino proposal in New Bedford came out swinging against the deal negotiated between Gov. Deval Patrick and the Mashpee Wampanoag Tribe, which plans to build a casino in Taunton.

Barry Gosin is the principal of KG Urban Enterprises, which has submitted an application to build a commercial casino in New Bedford. The House on Wednesday is expected to approve a compact laying out revenue-sharing scenarios between the tribal gaming facility and the state, which vary depending on the amount of competition the tribe faces.

Criticizes State revenue share

The state’s share under the compact ranges from a high of 21 percent should the tribe face no competition to a low of zero if a casino is approved in the southeast region. In an excerpt from a long statement, Gosin wrote, “KG has filed with the Commission to build a terrific project in New Bedford, one which will turn an environmentally-contaminated waterfront site into a revitalized tourist destination in a city and region that are in dire need of jobs and enhanced economic activity.

"But the Governor and legislature seem determined to eliminate commercial competition in the Southeast by passing a compact that will give the Commonwealth absolutely nothing – a zero percentage share of the revenue from a Mashpee casino that the law does not presently allow, and which would therefore not open for decades, if ever.”

Compact supporters see it as a way to secure significant revenues for state government should the tribe win federal approvals necessary to build their casino.


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