PENN GAMING STILL LOOKING FOR A HOME IN MASS
Spurned by Tewksbury voters, a Pennsylvania-based gambling company may reemerge in the state’s slots parlor sweepstakes at Plainridge Racecourse, a one-time favorite to win a slot machine license whose ownership team was recently ruled unsuitable to run a casino. Recently, the state Gaming Commission allowed Penn National Gaming to get back in the fold by relocating its proposal to Plainville. The agreement also includes up to $16 million in one-time investments in Revere, including capital commitments related to municipal projects such as a new football field and youth center. Suffolk and Caesars on Wednesday announced an accord with the city of Boston that includes $45 million in transportation and roadway improvements in East Boston and Revere. Host agreements and local voter approval of casinos are necessary precursors to winning casino licenses that will be awarded by the Massachusetts Gaming Commission.

BOSTON MAYOR & CAESARS REACH DEAL
Boston Mayor Thomas Menino reached a proposed deal with developers on Tuesday to build a $1-billion (U.S.) Caesars casino in the city’s East Boston section that he said would generate at least $32-million in annual revenue for the city and create thousands of jobs. “I have said from the start of this process that I wanted three things: a first-class, resort destination casino, an agreement that would benefit the people of East Boston, and a proposal that will be selected by the State Gaming Commission,” said Mr. Menino, who is in the last year of a 20-year tenure as mayor. “We are well on our way to that and more.” The agreement also includes up to $16 million in one-time investments in Revere, including capital commitments related to municipal projects such as a new football field and youth center. Suffolk and Caesars on Wednesday announced an accord with the city of Boston that includes $45 million in transportation and roadway improvements in East Boston and Revere. Host agreements and local voter approval of casinos are necessary precursors to winning casino licenses that will be awarded by the Massachusetts Gaming Commission.

FOXWOODS RAISES ANTE UNDER PRESSURE FROM OTHER PROPOSALS
Foxwoods Massachusetts has told Milford officials it will increase the size of the Milford casino development, in part to remain competitive with the Suffolk Downs proposal in East Boston.
The redesign is expected to incorporate some 200 more hotel rooms and an expanded gaming floor, and will result in taller buildings on the nearly 200-acre site, according to Selectmen Brian Murray and Bill Buckley, who said in phone interviews Thursday they were told about the changes. Foxwoods also is planning to increase its mitigation payments to Milford, as part of the plan, said selectmen. That’s in response to pressure put on the developer to contribute more to the community, more along the lines of what is being promised to Everett, and now Boston, said selectmen.

MOHEGANS & PALMER INK DEAL
Mohegan Sun announced Thursday an agreement with the town of Palmer under which the town would receive more than $16 million in annual payments to mitigate the impact of hosting a proposed resort casino. Additional road, sewer and water infrastructure improvements totaling $23 million are part of the agreement. The $16 million includes fixed payments of $15.2 million and a percentage of gaming revenue equal to 0.25 percent of the first $400 million in revenue, with Mohegan officials saying the guaranteed payment alone exceeds the entire local tax revenue for the town in fiscal 2014. The town would also receive an additional 2 percent from every dollar of gross gaming revenue from the facility above $400 million a year.

Next Week I will include an updated list of proposals with the towns and players. Some of the faces have changed, but the game is still the same.

That’s all for now.

Binbin

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