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Idea of more Maine casinos has existing gambling hubs concerned about ‘cannibalization’ The [Oxford] casino has certainly had an impact on our business, said Jose Flores, general manager of Hollywood Casino in Bangor , but we feel that our market has stabilized since the initial impact. Hollywoods net revenue in its banner year 2012 was about $62.7 million. That fell to $54.6 million in 2013, and the take as of August 2014 was just $36.2 million with four months of operation remaining for the year. Flores said most of his patrons come from less than an hour to an hour-and-a-half away to gamble in Bangor, so a casino in southern Maine shouldnt have as dramatic an effect on his facility as it would Oxford Casinos. However, a small border casino in eastern or northern Maine could dip into Hollywood Casinos Canadian traffic. Bangor city officials also have vested interest in the potential emergence of new competition. The city, home to the states first casino , hired lobbyist Dick Trahey to monitor legislative developments in the gaming industry on Bangors behalf. The casino has become the citys biggest taxpayer, by far, paying $2.35 million in total property taxes between its hotel, casino and racetrack properties in 2013, according to city records. Next on the list is General Electric, which pays about $1 million less in property taxes per year. Casino revenues also help the city cover most of its annual debt service on its $68 million Cross Insurance Center. That sort of revenue has made the casino an integral piece of the citys budget process . WhiteSands findings follow a report released last year by Clyde Barrow, director of the Center for Policy Analysis at the University of Massachusetts Dartmouth, who explored the cannibalization effects of further casino development in the region.

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