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Revere to Sue Massachusetts Gaming Commission Over Everett License

Revere to Sue Massachusetts Gaming Commission Over Everett License

Suffolk Downs Racetrack will be forced to close following the Revere casino that is unsuccessful bid.

The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to honor the East Massachusetts casino gaming permit to Wynn Resorts over Mohegan Sun. Mohegan Sun, which wished to build a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the permit battle month that is last a protracted bidding process which cost both sides huge amount of money, and at times descended into tit for tat recriminations.

While Wynn now focuses on its vision of creating a resort in Everett, just a couple of kilometers to the east, Revere is left to pick the pieces up and mourn the resulting closure associated with historic Suffolk Downs thoroughbred racetrack.

The horseracing industry had been hit by way of a 40 percent reduction in recent years and it had been believed that the proposed Mohegan Sun resort is sufficient to save Suffolk Downs, whose owners had pledged to keep running for at least another 15 years should Revere win the permit.

In fact, the need to protect Suffolk Downs was one of many primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming in the state and created the eastern Massachusetts casino license. The decision to opt for Wynn Resorts has hammered the nail that is final the thoroughbred horseracing indus