Massachusetts Gambling Regulators Give Penn National License For Slots-Only ParlorFirm To Invest $225 Million In Gambling Facility |
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The wait is over for Penn National Gaming, one of the top casino developers in the country. The company has been awarded a license to build Massachusetts’ first slots-only parlor.
The firm is going to invest $225 million into a facility at a horse-racing track in Plainridge, not far from the city of Boston. The typical amenities will be provided.
The 2011 expanded gaming law permits an operator to run up to 1,250 slot machines. The slots license costs $25 million and is due 30 days after the award of the license.
Penn National beat out two other firms for the right to build.
While Penn National has received the OK, other firms, such as MGM Resorts and Wynn Resorts, are competing to build full-scale casinos in other parts of the state.
Massachusetts is in a region full of gambling expansion initiatives.
The state of New York is eyeing up to seven commercial casinos, while New Jersey recently brought games into cyberspace. Maryland is soon going to be home to two more casinos.
The Plainridge Park Casino will also feature football legend Doug Flutie’s first restaurant.
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