Frustrated is building in Region C of the Massachusetts run for the casino gold. State gambling regulators last week granted the developer behind a proposed New Bedford casino 12 extra days to provide a signed financing agreement for the project, after a tense exchange with representatives for the developer, KG Urban.
Gaming & Leisure Properties Inc., a Pennsylvania-based company with property holdings that include Hollywood Casino properties in Louisiana and Maryland, has said it is working with KG Urban to fund the real property portion of the project.
Another group is pushing to build a casino in Brockton in the same region. Voters in Brockton approved the casino proposal through a referendum on May 12.
The Gaming Commission has awarded licenses for casinos in Everett and Springfield, as well as a slot parlor in Plainville.
The “Region C” sweepstakes have been fraught with uncertainty, as the possibility of a tribal casino opening in the same region still looms. The Mashpee Wampanoag tribe is seeking federal approval. So, here’s what could happen……or may happen…….humor me if you will…..
1) New Bedford doesn’t get the financial support needed in 12 days, the MGC says they’ve had enough waiting, and New Bedford is done in the race for the Region C Casino license
2) The people of Brockton vote down the community agreement for the same license, and Brockton is knocked out of the race by its own city.
3) The Mashpees don’t get federal recognition in time…..no license there either.
4) Massachusetts gets three casinos, not four.
But is this a bad thing? Check out my previous post called Tiverton Casino Threat a Serious Consideration on Both Sides of the Border.
Consider that southeastern Mass may already be saturated, and Southern New England may already be saturated. Couldn’t Wynn, Plainridge, Tiverton, Twin River, Foxwoods & Mohegan Sun share the already saturated market?
Time will tell.
that’s all for now.