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Moody's Corporation

Moody's: Massachusetts' First Casino Off To 'Solid Start'

Moody's: Massachusetts' First Casino Off To 'Solid Start'

BOSTON (AP) — Moody's Investors Services says Massachusetts' first casino is off to a "solid start" and already having an impact on a nearby casino in Rhode Island. The state announced this month that Plainridge Park, a slots parlor and harness racing track in Plainville, earned $18.1 million in gross gambling revenue during its first full month of operations in July. Moody's said Monday that puts Plainridge on track to earn $210 million in its first year, or about $10 million more than state projections. Moody's says the next few months will determine if the initial momentum lasts. Moody's noted that Twin River, a full-fledged casino in...

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