So Station Casinos is kicking the tires of dog-racing tracks in Massachusetts (as is Boyd Gaming)? Greyhound races will soon — but not soon enough — be illegal in Massachusetts, although the Bay State Lege just gave them a two-year reprieve. So it's a life-or-death priority for those tracks that lawmakers baptize some racinos in Massachusetts, stat.
Boyd, at least, has access to the requisite financing. But what's Station doing poking around the Eastern Seaboard? There are two ways of looking at it. One: How can Station justify spending money in Massachusetts when it can't afford to make its existing creditors whole? Or: Station's Vegas-centric business model has contributed to the deep hole in which the company finds itself and any geographic diversification is welcome.
That's not to imply that one perspective cancels out the other, especially when Station needs every revenue stream it can tap …
