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New Bedford Casino Developers No Longer Interested

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July 24, 2015

Applications for the second round of the Massachusetts casino license consideration are due September 30. However, a letter was sent to the state Gaming Commission by KG Urban that they will be backing out of the competition.

The casino license is for the southeastern section of the state. The casino would have been built in New Bedford.

Investors for KG Urban believe that due to increasing competition for the area, that they should not support the proposed casino project.

There is a potential that a casino resort could be built in Taunton that would be owned by the Mashpee Wampanoag Tribe. Both Rhode Island and Connecticut are also interested in building new casinos.

Developers for Brockton casino released a statement that they are still interested in the pursuit of the gaming license.

In June a referendum was approved by New Bedford voters on the casino project. City leaders are disappointed that KG Urban is no longer pursuing the project.

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