Suffolk Downs Racetrack will be forced to close following unsuccessful Revere casino bid.
The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to award the East Massachusetts casino gaming license to Wynn Resorts over Mohegan Sun. Mohegan Sun, which desired to create a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the license battle last month after a protracted bidding process which cost both sides huge amount of money, as well as times descended into tit for tat recriminations.
While Wynn now focuses on its vision of building a resort in Everett, just a couple of kilometers to the eastern, Revere is left to pick the pieces up and mourn the resulting closing of the historic Suffolk Downs thoroughbred racetrack.
The horseracing industry had been hit by a 40 % reduction in recent years and it had been believed that the proposed Mohegan Sun resort could be sufficient to save Suffolk Downs, whose owners had pledged to keep operating for at least another 15 years should Revere win the license.
In reality, the necessity to safeguard Suffolk Downs was among the primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming in the state and created the east Massachusetts casino license. The decision to choose Wynn Resorts has hammered the nail that is final the thoroughbred horseracing industry in the a Continue reading
Third Connecticut Casino Will Likely Not Damage Revenue-Sharing Deal between State and Tribes
The US section best of vegas casino slots regarding the Indoor reaffirmed their stance from a year ago that the third casino in Connecticut will never impact the slots revenue-sharing agreement amongst the county and its particular two tribal casinos Mohegan slots of vegas casino no deposit bonus 2018 Sun and Foxwoods Resort Casino.
The 2 gaming locations become run by Connecticut’s two federally recognized tribes the previous from the Mohegan Tribe, plus the second of the Mashantucket Pequot. Under their own lightweight making use of county, both tribes include annually discussing a 25% portion of these casino slot games profits, because of the revenue planning to Connecticut’s coffers.
In 2015, the 2 people recommended to build the slots of vegas real money casino state’s 3rd casino and very first one on non-reservation land. They remarked that a third gambling location need built in hawaii’s north parts in order to battle competition from MGM destinations Foreign’s $950-million Springfield casino resort, and that’s set to available gates for the trip of 2018.
In a technical letter from a year ago, the united states slots of vegas casino slot machines office regarding the Indoor penned their panorama in the situation. Performing Deputy assistant for the indoors James E. Cason was the individual to write the letter, declaring that the prevailing arrangement between Connecticut and its two tribes slots of vegas casino apk wouldn’t be hurt at all of the development of a casino that is third.
The official affirmed that position on a Friday letter to tribal chiefs, pointing around that the change of Presidents from Barack Obama to Atlantic that is former City mogul Donald Trump has not altered the section from the Indoor’s view. Continue reading