Casino project owners, investors vetted by regulators
Posted: May 06, 2015 5:52 PM EDT
Updated: May 06, 2015 5:52 PM EDT
BROCKTON, Mass. (AP) - State gambling regulators on Wednesday approved the developers of a proposed Brockton casino, setting the stage for a referendum next week that will determine the fate of the $650 million project.
The approval means the developers are able to move forward in the competition for Massachusetts' third and final resort casino license, which is reserved for the southeastern region of the state.
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Brockton residents will vote May 12 to approve the proposed casino site and a so-called "host community agreement" that would require the developers to pay the city $3 million upfront and about $10 million a year when the casino opens its door.
Full article:
http://www.whdh.com/story/28997211/casino-project-owners-investors-vetted-by-regulators