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Proposed Somerset Casino Drops Out

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May 15, 2015

One state casino license remains in Massachusetts. Three developers were interested in obtaining that license. However recently the developers for the proposed Somerset casino have decided to drop out of the competition. The two final competitors have proposed casinos at the Brockton Fairgrounds and along the waterfront of New Bedford.

The proposed Somerset casino would have been developed by Crossroads Massachusetts LLC. On Thursday the decision to withdraw their application was released by the state gaming board. However, the reason was not given.

The project has had issues in the past with securing financing as well as having a change in management.

On Tuesday voters in Brockton approved the proposed casino for their town. The proposed casino would be developed Mass Gaming and Entertainment. It would cost $650 million to build.

The proposed New Bedford casino was given permission to proceed in plans by the gaming commission on Thursday. The project had still needed to submit further information. The commission gave instructions that final financial information must be submitted in two weeks.

The final state gaming license is expected to be awarded late 2015.

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