Balsams Grand Resort teams up with ski industry legend Les Otten - Page 8

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  1. #71
    WWF-VT's Avatar
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    Quote Originally Posted by St. Bear View Post
    For the Balsams to thrive, it needs to be a world class resort that happens to have skiing, rather than a destination ski resort with a world class hotel. To be honest, I think the thing that makes the most financial sense would be a casino. It keeps getting shot down, and now they're not even looking to put one in the North Country anymore, but I think a high end casino would easily support all the other operations of the resort.
    Casinos thrive on busloads of retirees pumping their money into slot machines. It's ridiculous to think that a "destination casino" in the middle of nowhere NH is going to put the Balsams into the black.


  2. #72
    Quote Originally Posted by WWF-VT View Post
    Casinos thrive on busloads of retirees pumping their money into slot machines. It's ridiculous to think that a "destination casino" in the middle of nowhere NH is going to put the Balsams into the black.

    There was a study done not too long ago that found that within the past year, over 2/3rds of the residents of NH had driven South to either Foxwoods or Mohegan Sun at least on one occasion.(as someone who lives along the Interstate 395 corridor in Eastern CT, based on the number of NH and MA license plates I see traveling on the "casino-expressway" daily, and especially on weekends, I really don't doubt that data!) I think that there is some demand for a casino in NH for sure. Would those same people want to drive North to a casino at the Balsams if it was developed??? That's the multi, mutli million dollar question.....

    No if NH or MA just don't want any large scale casino development, the general fund in my home state of CT i'm quite sure will gladly keep taking a cut off the slot revenue that is augmented by non CT residents, that the casino's pay to CT every month!
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  3. #73
    I've heard that 2/3rds stat thrown around myself. I must hang with a different kind of NH resident. I honestly don't know a single friend or family member that's been to the CT casinos recently if ever at all.

    I do know plenty who have gone to Vegas however.

  4. #74
    Smellytele's Avatar
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    Quote Originally Posted by deadheadskier View Post
    I've heard that 2/3rds stat thrown around myself. I must hang with a different kind of NH resident. I honestly don't know a single friend or family member that's been to the CT casinos recently if ever at all.

    I do know plenty who have gone to Vegas however.
    I am also in the 1/3rd. Also none of my friends or family have gone either. Only 2 or 3 have even gone to Vegas.
    Last edited by Smellytele; Jun 3, 2014 at 2:27 PM.
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  5. #75
    Quote Originally Posted by deadheadskier View Post
    I've heard that 2/3rds stat thrown around myself. I must hang with a different kind of NH resident. I honestly don't know a single friend or family member that's been to the CT casinos recently if ever at all.

    I do know plenty who have gone to Vegas however.
    And 76% of statistics are made up on the spot. There's no way that many individual people from NH do that, but I do suspect the people that do go, go religiously.

    Kind of like when a ski resort claims 100k skier visits, but that wasnt 100k individual people. More like a select group of people going multiple times.
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  6. #76
    CT casinos are in serious trouble. Foxwoods is really hurting now. Its way overbuilt. Once developed (if developed), Mass casinos will steal those MA and NH customers. A Mass casino will be closer to majority of NH residents living in southern NH than a casino at the Balsams.

    I know a north country casino has been proposed to help with jobs. It may be viable and a good idea at a new Balsams. But I would think they want to cater to the high end and be a destination resort instead of a slot parlor for locals.

  7. #77
    Quote Originally Posted by DoublePlanker View Post
    CT casinos are in serious trouble. Foxwoods is really hurting now. Its way overbuilt. Once developed (if developed), Mass casinos will steal those MA and NH customers. A Mass casino will be closer to majority of NH residents living in southern NH than a casino at the Balsams.

    I know a north country casino has been proposed to help with jobs. It may be viable and a good idea at a new Balsams. But I would think they want to cater to the high end and be a destination resort instead of a slot parlor for locals.
    I envision a casino ala James Bond movies. Something the very well to do would go to without having to hang around the regular casino riffraff.

  8. #78
    A small casino may attract Quebecers. Just filling up on gas and buying alcohol and cigarettes would be enticement.

  9. #79
    Isn't all this casino talk putting the cart before the horse? The vote was close, but a legalized gambling bill was just shot down. The second one this year if I do recall.

  10. #80
    I'm with deadhead on this one, casinos are pretty much a last ditch effort, and even then, I suspect they will only be allowed in a few select areas, usually shitty ones. I would see Berlin or Seabrook down south getting a Casino before anything comes close to the notch.
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