Massachusetts Gaming Commission Receives 11 Pre-Qualifying Applications for Expanded Gaming License
Detailed Final Applicant List 
Today the Massachusetts Gaming Commission (MGC) announces that 11 gaming applicants have officially submitted the first application (Phase 1) and the non-refundable $400,000 application fee in a two-phase application process toward the award of an expanded gaming license.
MGC Chairman Steve Crosby stated, “The Massachusetts legislation drafted the Expanded Gaming Act prioritizing competition as key criteria. The gaming commission has vigorously carried that charge forward resulting in the achievement of a gaming competition that is robust and primed to obtain that absolute maximum benefits in job creation and economic growth to the residents of the commonwealth.”
MGC has received Phase 1 applications and the $400,000 application fee from the following entities:
MGC has established multiple investigative teams to execute the substantial background investigations. The teams are comprised of gaming experts from the consulting firms, Spectrum Gaming and Michael & Carroll and collectively includes former FBI agents, state investigators, prosecutors, Massachusetts state police troopers, and accountants, all of who have vast experience in all types of investigations, including, but not limited to, background, corruption, organized criminal enterprise and racketeering as well as corporate due diligence and gaming industry backgrounds for the largest gaming entities in the industry.
The due diligence investigations for Massachusetts entity applicants will cover their regulatory history in other jurisdictions, financial stability, compliance plan and history, and recent litigation, among other areas. The investigations for qualifiers – those individuals who are officers, board members or key investors of the applicant – will cover their employment history, criminal record, education, stockholdings and financial suitability, among other areas.
Investigations may take up to six months to complete, dependent on the complexity and number of qualifiers for each applicant.
MGC will later announce when public versions of the applications will be made available. The applications must first be reviewed and processed by the investigators for completeness and areas of confidentiality.
MGC has already made significant progress in planning the regulations necessary for the Phase 2 process, which will focus on an applicant’s site specific plan. Phase 2 regulations are expected to be released Summer 2013.
MGC has also made a determination to first proceed with the issuance of the single slots-parlor license in an effort to speed the licensing process. It is anticipated that the slots-parlor license will be awarded by the end of 2013. MGC anticipates the first resort-casino license to be awarded on or before February 26, 2014.
http://www.mass.gov/gaming/newsroom/applications-received.html
Today the Massachusetts Gaming Commission (MGC) announces that 11 gaming applicants have officially submitted the first application (Phase 1) and the non-refundable $400,000 application fee in a two-phase application process toward the award of an expanded gaming license.
MGC Chairman Steve Crosby stated, “The Massachusetts legislation drafted the Expanded Gaming Act prioritizing competition as key criteria. The gaming commission has vigorously carried that charge forward resulting in the achievement of a gaming competition that is robust and primed to obtain that absolute maximum benefits in job creation and economic growth to the residents of the commonwealth.”
MGC has received Phase 1 applications and the $400,000 application fee from the following entities:
- MGM Springfield
- Penn National Gaming, Inc.
- Plainridge Racecourse
- Hard Rock MA
- Wynn, LLC
- Mohegan Sun
- Sterling Suffolk Racecourse
- Raynham Park
- Mass Gaming Entertainment, LLC
- PPE Casino Resorts
- Crossroads Massachusetts, LLC
MGC has established multiple investigative teams to execute the substantial background investigations. The teams are comprised of gaming experts from the consulting firms, Spectrum Gaming and Michael & Carroll and collectively includes former FBI agents, state investigators, prosecutors, Massachusetts state police troopers, and accountants, all of who have vast experience in all types of investigations, including, but not limited to, background, corruption, organized criminal enterprise and racketeering as well as corporate due diligence and gaming industry backgrounds for the largest gaming entities in the industry.
The due diligence investigations for Massachusetts entity applicants will cover their regulatory history in other jurisdictions, financial stability, compliance plan and history, and recent litigation, among other areas. The investigations for qualifiers – those individuals who are officers, board members or key investors of the applicant – will cover their employment history, criminal record, education, stockholdings and financial suitability, among other areas.
Investigations may take up to six months to complete, dependent on the complexity and number of qualifiers for each applicant.
MGC will later announce when public versions of the applications will be made available. The applications must first be reviewed and processed by the investigators for completeness and areas of confidentiality.
MGC has already made significant progress in planning the regulations necessary for the Phase 2 process, which will focus on an applicant’s site specific plan. Phase 2 regulations are expected to be released Summer 2013.
MGC has also made a determination to first proceed with the issuance of the single slots-parlor license in an effort to speed the licensing process. It is anticipated that the slots-parlor license will be awarded by the end of 2013. MGC anticipates the first resort-casino license to be awarded on or before February 26, 2014.
http://www.mass.gov/gaming/newsroom/applications-received.html
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