Suffolk Downs Racetrack will be forced to close following Revere casino that is unsuccessful bid.
The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to award the East Massachusetts casino video gaming license to Wynn Resorts over Mohegan Sun. Mohegan Sun, which desired to build a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the permit battle last month after 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 building a resort in Everett, just a couple miles to the east, Revere is left to pick up the pieces and mourn the resulting closure for the historic Suffolk Downs thoroughbred racetrack.
The horseracing industry had been hit with a 40 percent reduction in recent years and it had been believed that the proposed Mohegan Sun resort would be sufficient to save Suffolk Downs, whose owners had pledged to carry on running for at minimum another 15 years should win the license revere.
In fact, the requirement to safeguard Suffolk Downs was one of the primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming in the state and created the Massachusetts casino that is east license. The decision to choose Wynn Resorts has hammered the final nail into the thoroughbred horseracing ind Continue reading