Insight MASSACHUSETTS
The last of the applications went in from Crossroads Massachusetts who has partnered with Warner Gaming, in the hope of developing a casino in Milford at Interstate 495 near the Massachusetts Turnpike. This entry is looking to take on the might of Wynn and Caesars.
With the deadline for submissions now passed, the gaming commission expects to spend several months examining the financial qualifications and backgrounds of each of these applicants before proceeding to a second and more competitive phase of the casino selection process.
Caesars meanwhile has proposed a $1bn hotel-casino at the 77-year-old Suffolk Downs racetrack in East Boston to be known as The Resort at Suffolk Downs although the casino will use Caesars’ branding.
The 300-room, nine-story hotel would be curved. The ground floor would have restaurants and shops and the casino with up to 5,000 slot machines and 200 table games. A tree-lined walk leading to a new, bigger grandstand overlooking the racetrack would be developed behind it.
CAESARS AT SUFFOLK DOWNS Richard Fields, a principal owner of Suffolk Downs, added. “This is an economic development initiative that will set the standard for gaming development in Massachusetts and will create thousands of new jobs with real career paths and room for advancement. “This is an economic development initiative that will set the standard for gaming development in Massachusetts and will create thousands of new jobs with real career paths and room for advancement. And it is built on a foundation of collaboration and partnership with local residents and community groups; with local businesses; and with Boston’s
entertainment, tourism and convention facilities.”
Caesar’s CEO Gary Loveman said: “We are proud to join forces with Suffolk Downs to bring the Caesars brand, our management expertise and industry leading best practices to Boston as we develop this world-class destination resort together. With this project, we are together bringing another world-class attraction to a top tourist destination and are building upon our vision to develop and manage urban casino resorts that serve as engines for job creation and economic expansion in the surrounding communities. Most important thing to consider when you’re building a facility like this, a gaming facility, is you want to be where you’re wanted. And I think the debate in this state recently has shown that trying to go where you’re perhaps less than welcome is not a great way to proceed.”
Boston architect David Manfredi added: “We envision an urban oasis, a mecca of entertainment, of hospitality, of gaming, restaurants and shops. It is that mix that will make it very special and make it very urban.”
(Top) Mohegan Sun’s Palmer
project. (Above)
Wynn’s proposed location.
It will not issue the first resort casino licenses until February 2014 and those resorts could take an additional three years to build. The State’s Casino Chairman, Steve Crosby, said: “The legislature said job one was integrity, integrity of the process, so we will not compromise integrity for speed. People are going to go to the most convenient, best facility. The process that we are going thru is going to guarantee that we have most convenient and the best facility. We think we can award the slots license, the single slots parlour license somewhere in Massachusetts by the end of the summer. We expect to start awarding the casino licenses by the end of this year.”
GARY LOVEMAN, CEO Caesars Entertainment.
“We are proud to join forces with Suffolk Downs to bring the
Caesars brand, our management expertise and
industry leading best practices to Boston as we develop this world-class
destination resort together.”
Marcus Prater of the Association of Gaming Equipment Manufacturers said: “While a resort casino is not likely to open in Massachusetts until 2017, the state could see a fully operational slot facility by early 2014. However, competition for the single license has been relatively weak, and for months, it appeared Plainridge Racecourse would be the only applicant. In the last month, competition has increased and it now appears the company will be bidding against Raynham Park and one other applicant. Regardless of wins, gaming equipment manufacturers are expected to benefit from the expansion.”
February 2013 PAGE 47
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