Suffolk Downs Racetrack will be forced to close after the unsuccessful Revere casino bid.
The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to honor the East Massachusetts casino video gaming permit to Wynn Resorts over Mohegan Sun. Mohegan Sun, which wanted to create a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the permit battle month that is last a protracted bidding process which cost both sides millions of dollars, and at times descended into tit for tat recriminations.
While Wynn now focuses on its vision of creating a resort in Everett, just a couple of kilometers to the east, Revere is left to pick the pieces up and mourn the resulting closing associated with historic Suffolk Downs thoroughbred racetrack.
The horseracing industry had been hit by a 40 percent reduction in recent years and it had been believed that the proposed Mohegan Sun resort is enough to save lots of Suffolk Downs, whose owners had pledged to continue running for at minimum another 15 years should Revere win the license.
In fact, the requirement to safeguard Suffolk Downs was one of many primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming in the state and created the Massachusetts casino that is east license. The choice to choose Wynn Resorts has hammered the final nail into the thoroughbred horseracing Continue reading “Revere to Sue Massachusetts Gaming Commission Over Everett License”