Foxwoods Considers Online Gaming

The top dog at Foxwoods says online gambling is on its way. From AP:

The chief executive of Foxwoods Resort Casino says rising competition is forcing the Indian-run casino in eastern Connecticut to consider online gambling and other changes.

Scott Butera, in an online discussion Thursday with The Day of New London, said supply in the casino business is clearly outpacing demand. Gambling has been legalized in Massachusetts, though casinos are not expected to open for a few years. Casinos in New York also are taking a greater share of the market.

“We clearly believe that supply growth is outpacing demand,” Butera said. “As a result, we will need to adjust our businesses accordingly.”

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