Screen Shot 2017 06 19 at 1.14.38 PMHartford: According to the a survey from the Connecticut Business and industry Association, Connecticut businesses continue to maintain a cautious outlook in the first quarter of 2017, according to the survey released in early June

Connecticut businesses continue to maintain a cautious outlook in the first quarter of 2017, according to a new survey released today.

The 2017 CBIA/Farmington Bank 1st Quarter Economic and Credit Availability Survey found 37% of business leaders expect improved conditions for their firms over the next three months, down from 40% the previous quarter.

 

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Upstairs at Winners, the new OTB in Bobby V’s in Stamford. A bigger video screen is over the bar. Photo: Mark Pazinokas

 

 

By Mark Pazniokas  ctmirror.com

Stamford: Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting.

He is from Sheffield, England, late of Her Majesty’s Royal Naval Service and currently in the  employ of Sportech PLC, the British company that owns the Connecticut rights to pari-mutuel betting on horses, dogs and jai alai. State records show gamblers bet $88 million last year at the state’s 16 OTB facilities or by computer or smartphone. Yes, there’s an app for that.

Taylor showed off the new place before its opening last Friday, raising his voice above the sounds of cordless drills and hammering, pausing to check with an architect and chef, as he talked about the transitional state of gambling in Connecticut, the improbable home of two of the world’s largest casinos, the scene of a frantic lobbying fight over the rights to build a third.

nina agidalMashantucket, Uncasville: Connecticut’s casinos have reported mixed results for April.

Foxwoods reported slot revenue of $39.4 million for the month, down 3% compared to $40.7 million in April of 2016, the state received $10.5 million.

In an effort  to maintain its franchise with Massachusetts gamblers the casino promoted Wicked Good Times celebration for the month, including bonus play on slots and table games and luxurious overnight getaways.

Foxwoods opened the Sugar Factory American Brasserie, with the help supermodel Nina Agdal and rapper/ actor Nick Cannon, who manned the turntables as the evening's DJ at an opening celebration.

The sun was shining a little brighter on the Mohegan Sun Casino in April, it reported a 3% percent increase in revenue from its slot machines in April. With monthly revenue, of $50,986,908.

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Meyers, Harrison & Pia,, CEO, Mark Harrison Signing Up with Marcum

New Haven: One of greater New Haven’s largest independent account firms has merged  with the Marcum LLP a national accounting and advisory services firm, effective immediately. Meyers, Harrison & PiaLLC and  Meyers, Harrison & Pia Valuation and Litigation Support, LLC (MHP) brings 55 partners and staff in New Haven, Connecticut, and Portland, Maine.

MHP was founded in 1954, and according to a news releases from Marcum, “the firm [MHP] specializes in complex business valuation, financial forensic, and litigation support engagements. MHP partners are authoritative speakers, authors and reviewers on valuation and economic damages topics, and serve frequently as court-appointed or jointly retained neutral witnesses in dispute resolution matters.”

“Meyers, Harrison & Pia’s deep expertise in valuation and litigation support and its broad offering in traditional tax, audit and accounting make the firm a perfect strategic fit for Marcum,” said Jeffrey M. Weiner, Marcum’s managing partner.”

The acquisition of MHP expands Marcum’s New England footprint, adding to the existing New Haven office and adding an office in Maine.” Marcum’s New England offices include, New Haven, Hartford, Greenwich, Boston and Providence.

“Joining Marcum will give MHP’s clients and staff significantly greater resources as well as access to a deep bench of talent across the firm’s practice areas, including in advisory services. said MHP CEO Mark Harrison, partner-in-charge of valuation and litigation services, will join the Marcum executive committee.

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Windsor Locks: Will Connecticut residents have something new to complain about or will they revel in a new low cost travel option to Florida?

The discount carrier, Spirit Airlines [Nasdaq: SAVE] based in Miramar, Fla will begin service June 15, 2017 between Bradley International Airport and Orlando and Fort Lauderdale Airports and Myrtle Beach, SC.

The discount carrier attracted $2.3 billion dollars in customers last year with its low fares, and investors got on board as well. Traded on the Nasdaq, Spirit’s shares are approaching their annual high and are seemingly in reach of their five year high as well, bringing a $4 billion dollar market cap to the company.

Spirit says it fares are “on average nearly 40% less," adding "our customers start with an unbundled, stripped-down Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose – like bags, seat assignments and refreshments – the things other airlines bake right into their ticket prices.”

Spirit says its  Fleet is “one of the youngest, most fuel-efficient in the U.S.,” it operates more than 450 daily flights to 60 destinations in the U.S., Latin America and the Caribbean.