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 award the East Massachusetts casino gaming permit to Wynn Resorts over Mohegan Sun. Mohegan Sun, which wanted to develop a $526 million casino on land owned by the Suffolk Downs Racetrack in Revere, lost the license battle last month following a protracted bidding process which cost both sides vast amounts, and at times descended into tit for tat recriminations.
While Wynn now focuses on its vision to build a resort in Everett, just a couple of miles to the eastern, Revere is left to pick up the pieces and mourn the resulting closure associated with historic Suffolk Downs thoroughbred racetrack.
The horseracing industry had been hit by way of a 40 per cent reduction in recent years and it ended up being believed that the proposed Mohegan Sun resort would be enough to save Suffolk Downs, whose owners had pledged to continue running for at minimum another 15 years should Revere win the license.
In reality, the need to protect Suffolk Downs was one of the primary motivations for the establishment of the 2011 Gambling Act, which expanded casino gaming into the state and created the east Massachusetts casino license. The choice to opt for Wynn Resorts has hammered the final nail into the thoroughbred horseracing industry in t Read more