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Bids made for US billion dollar casino and resort plan

By Tom Anstey    06 Jan 2014

Three proposals have been submitted for a new multi-million dollar casino projects in Massachusetts, US.

Mohegan Sun has submitted plans for a US$1.3bn (£790m, €950m) resort/casino on the grounds of the Suffolk Downs racetrack in Revere, which would see 170,000sq ft (15,793sq m) of casino floor space, a casino hotel and boutique hotel with a combined 500 bedrooms and a 10,000sq ft (929sq m) spa all built to LEED Gold building standards for environmentally friendly design.

A rival bid from Las Vegas casino titan Steve Wynn in nearby Everett, would include 350-500 room luxury hotel, restaurants, and a terrace overlooking the Mystic River on the former Monsanto industrial site, and a 150,000 square foot casino with thousands of slots and up to 150 table games.

A third, non-competitive bid by MGM Resorts would see a US$800m (£486m, €586.5m) resort and casino in Springfield built. MGM has proposed building a 250-room hotel with an 89,000-square-foot casino and 70,000 square feet of retail and restaurant space. Springfield will receive more than $25 million annually in payments from MGM if the casino project is built.

All three casinos met a deadline for filing site plans to the Massachusetts Gaming Commission, which will only issue one license to operate a resort casino in the Greater Boston area and it expects to do so in May. MGM is the only operator vying for the license in Western Massachusetts and the decision is also expected in May. A third casino license for the southeastern part of the state is on a different timeline, about six months behind the other two regions.

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