Suffolk Downs Racetrack will be forced to close following unsuccessful Revere casino bid.
The City of Revere near Boston will sue the Massachusetts Gaming Commission over its decision to honor the East Massachusetts casino gaming license to Wynn Resorts over Mohegan Sun. Mohegan Sun, which desired to create a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the license battle last month after a protracted bidding process which cost both sides millions of dollars, and at times descended into tit for tat recriminations.
While Wynn now focuses on its vision to build a resort in Everett, just a few kilometers to the eastern, Revere is left to pick up the pieces and mourn the resulting closure of this historic Suffolk Downs thoroughbred racetrack.
The horseracing industry had been hit by way of a 40 % reduction in recent years and it was believed that the proposed Mohegan Sun resort will be enough to truly save Suffolk Downs, whose owners had pledged to keep operating for at minimum another 15 years should win the license revere.
In fact, the necessity to protect Suffolk Downs was among 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 industry in the area and Læs videre “Revere to Sue Massachusetts Gaming Commission Over Everett License”