Massachusetts casino license sought by a racetrack

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Massachusetts casino license sought by a racetrack

On Friday, all cards on the table were put by the Suffolk Downs racetrack by notifying gambling (See more on our page — officials formally that it seeks as part of plans one of new Massachusetts’ casino licenses for creating opportunities for thousands of jobs in an entertainment complex.

To the Massachusetts Gaming Commission has been submitted a non-refundable fee of $400000 to start rolling the ball, a day after applications have begun to be accepted by the commission.

“In order to develop a world-class resort, we begin the initiative of earning a license for our 77 years old racetrack with the enthusiastic idea of our project setting the standard for Massachusetts gaming development. “announced Suffolk Downs principal owner, Richard Fields.

In 2011 casino gaming was legalized by Massachusetts. The State was carved up into three districts by the lawmakers, and a single casino license was allotted to each. For the Boston area license, Suffolk Downs were considered to be the leading pretender.

A review process stretching several months will be faced by all casino applicants.

For promoting its plan Suffolk Downs enters a second stage of public meetings. For improving intersections and roads it has planned to contribute $40 million when the casino receives its go-ahead.
Caesars Entertainment Corp., the casino operator, will join forces with the racetrack and build at Suffolk Downs a Caesars branded resort incorporating a hotel, casino, retail outlets and restaurants.
In New England, the only historic horse racing venue will continue operating.

The development proposal of Suffolk Downs states that it is able to bring in the form of new state tax revenues $200 million annually and also thousands of jobs at the planned resort and in the construction.