Raynham Park owner submits application with the Massachusetts Gaming Commission for slots
Raynham Park owner partners with casino in Pennsylvania
Raynham Park owner George Carney
RAYNHAM —
George L. Carney Jr., owner of Raynham Park, rolled the dice Wednesday and submitted an application with the Massachusetts Gaming Commission to bring slots to the defunct dog track.
Carney said he did not pay the entire $400,000 application fee and has until Jan. 15 to make the final payment.
Carney also announced he is partnering with the Pennsylvania gaming house Parx Casino & Racing.
According to Pennsylvania’s Bureau of Corporations and Charitable Organizations, Robert W. Green is the principal of the Bensalem, Pa., casino.
Prior to regulations enacted governing slot parlors, Carney believed he could open a slot parlor within two months if granted a license. With the comprehensive regulations now in place that require a minimum investment of $125 million, Carney said, “It’s a whole new ball game.”
He said it would take longer to renovate Raynham Park and did not estimate a timeframe for opening.
“It will be a whole lot more than a slot parlor, if permitted,” promised Carney earlier this week.
The MGC voted to fast-track the single slot license it can issue, and Chairman Stephen Crosby estimated it could be issued by January 2013, while casino licenses won’t be issued until February 2014.
Carney says the longstanding track has an ace in the hole, it’s been in the gambling business for 75 years, is located at the crossroads of Interstate 495 and Route 24 as well as a stop on the future Southcoast Rail.
Carney said he did not pay the entire $400,000 application fee and has until Jan. 15 to make the final payment.
Carney also announced he is partnering with the Pennsylvania gaming house Parx Casino & Racing.
According to Pennsylvania’s Bureau of Corporations and Charitable Organizations, Robert W. Green is the principal of the Bensalem, Pa., casino.
Prior to regulations enacted governing slot parlors, Carney believed he could open a slot parlor within two months if granted a license. With the comprehensive regulations now in place that require a minimum investment of $125 million, Carney said, “It’s a whole new ball game.”
He said it would take longer to renovate Raynham Park and did not estimate a timeframe for opening.
“It will be a whole lot more than a slot parlor, if permitted,” promised Carney earlier this week.
The MGC voted to fast-track the single slot license it can issue, and Chairman Stephen Crosby estimated it could be issued by January 2013, while casino licenses won’t be issued until February 2014.
Carney says the longstanding track has an ace in the hole, it’s been in the gambling business for 75 years, is located at the crossroads of Interstate 495 and Route 24 as well as a stop on the future Southcoast Rail.
Read more: http://www.enterprisenews.com/topstories/x459329376/Raynham-Park-owner-submits-application-with-the-Massachusetts-Gaming-Commission-for-slots#ixzz2FbdRgveN
Posts
No comments:
Post a Comment