New Bedford to Vote on Casino Proposal June 23rd

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It’s time for the people of New Bedford to speak – pro or con – do they want a casino on the waterfront.

Most think New Bedford has the leading proposal for the Region C License, over Brockton and Somerset. I believe that this property would complete a rich trifecta of full destination casinos in Massachusetts, complimenting MGM Springfield and Wynn Everett.

So, get ready to hear about the economic benefits vs. the evils of gambling for two months, New Bedford, because your City Council voted resoundingly to hold a June 23 special election on the $650 million casino, hotel and conference center development proposed for New Bedford’s waterfront.

thAccording to Mark Lawrence of SouthCoastToday (which does a great job of covering facts and opinions about the Region C license), New York-based developer KG Urban Enterprises faces a May 4 deadline to secure sufficient equity investment in the project, as part of its application to the Massachusetts Gaming Commission. Mayor Jon Mitchell has said public outreach efforts in support of the casino likely would start after that date.
Brockton voters will cast ballots May 12 on the $650 million proposal by Mass Gaming & Entertainment, a subsidiary of Rush Street Gaming, for a resort casino on the Brockton Fairgrounds.  Somerset casino backers Crossroads Massachusetts face the same May 4 deadline as KG Urban to secure equity investment for their proposal.

Let me remind you that as the license battle continues, the Gaming Commission has hinted they still may not issue a southeast license, after seeing the recent posturing in CT and RI.  The other piece of the puzzle, as always, includes the Mashpee Wampanoag Tribe and the casino they still are looking forward to in Taunton.

That’s all for now

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