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Friday, May 15, 2015

Somerset group withdraws application ~ Brockton voters approve casino Region C is where the Wampanoags also hope to build a casino




UPDATE: Somerset group withdraws application ~ Brockton voters approve casino Region C is where the Wampanoags also hope to build a casino

ARTICLE | Business | May 14, 2015 07:00 AM | By Gintautas Dumcius, State House News Service - See more at: http://www.capecodtoday.com/article/2015/05/14/224425-UPDATE-Somerset-group-withdraws-application-Brockton-voters-approve-casino#sthash.YUcPFPpT.dpuf


Region C has three major applicants for one license.
UPDATE: The group that was seeking to build a resort casino in Somerset abandoned its efforts this week, leaving active bids in New Bedford and Brockton in the ongoing hunt for a southeastern Massachusetts casino license. Crossroads' withdrawal leaves two groups in the competition for a "Region C" casino license: Mass Gaming & Entertainment, an affiliate of Rush Street Gaming in Chicago, which is hoping to bring a casino to Brockton; and KG Urban, part of a group aiming to build a casino on the New Bedford waterfront.

     Citing competition in "Region C" as a priority, the state Gaming Commission on Thursday voted 4-0 to consider KG Urban's application "substantially complete," allowing them to go forward, though regulators want an update from the group on additional background information in two weeks.

     In the same region, the Mashpee Wampanoag tribe is on a different track, looking for federal land approval so they can proceed with building a tribal casino in Taunton.

Voters narrowly sign off on Brockton casino proposal

Commission meets Thursday to discuss the bids for Region C

Voters in Brockton approved on Tuesday a resort casino proposal by a 143-vote margin.

The vote keeps Mass Gaming & Entertainment in the race for a casino license in southeastern Massachusetts, also known as "Region C."

Other potential contenders include a group looking to bring a resort casino to New Bedford and another looking to build one in Somerset.

Mashpee Tribe still in the game

Separately, the Mashpee Wampanoag tribe is interested in building a casino in Taunton and is waiting to see if the federal government allows for land to be taken into trust for the tribe.

The unofficial results, according to Brockton elections officials, had 7,163 votes for the proposal, or 50.5 percent, and 7,020 votes against the proposal. The officials said they do not expect a recount.

Mass Gaming & Entertainment, affiliated with Rush Street Gaming in Chicago, is proposing to build a $650 million casino located on the Brockton Fairgrounds. The agreement with the city of Brockton, which voters approved on Tuesday, includes at least $10 million a year in revenue for the city.

Roughly 32 percent of Brockton voters went to the polls.

"Our thanks to Mayor Bill Carpenter, the Brockton City Council, Senator Tom Kennedy, George Carney and the Brockton community leaders for their support," Neil Bluhm, chairman of Mass Gaming & Entertainment, said in a statement. "We are confident that our proposal for a resort casino at the Brockton Fairgrounds will produce a tremendously positive impact for the City and the Commonwealth. We look forward to working closely with the community as we pursue the gaming license for Southeastern Massachusetts."

State gambling regulators have already handed out licenses for casinos in Everett and Springfield, and a Plainville slots parlor is scheduled to open in June.

The Massachusetts Gaming Commission is set to meet on Thursday at 10:30 a.m. inside the Hynes Convention Center, where they will discuss the bids for a "Region C" license.
 
- See more at: http://www.capecodtoday.com/article/2015/05/14/224425-UPDATE-Somerset-group-withdraws-application-Brockton-voters-approve-casino#sthash.YUcPFPpT.dpuf





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