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    Monday, April 29, 2024

    New Bedford casino project secures Butera, financing

    Foxwoods Resort Casino and its former chief executive officer, Scott Butera, appear to be on the same page again.

    Butera, who left Foxwoods last year to become commissioner of the Arena Football League, has joined the New Bedford, Mass., casino project that Foxwoods would manage.

    In a letter Monday, Butera informed the Massachusetts Gaming Commission that he is now partnered with New York-based KG Urban Enterprises in its pursuit of the southeastern Massachusetts casino license. Butera had been involved with a Somerset project that was expected to seek the same license.

    “I have spent the past six weeks working closely with KG partners to secure funding from a national, publicly-traded gaming development partner, and assisting KG in meeting the commission’s deadline, because I am convinced this is a home run for New Bedford, Southeastern Massachusetts and the entire Commonwealth,” Butera wrote.

    The financing partner is Gaming and Leisure Properties Inc., or GLPI, a real estate investment trust that was to provide financing for a Foxwoods casino project proposed for Milford, Mass., in 2013. That project failed when local voters shot it down in a referendum.

    “Butera … will play a leading role in refining KG Urban’s design, engineering & construction plans and operational program,” Barry Gosin, a KG Urban managing member, wrote in a letter to the commission.

    The New Beford proposal faces a June 23 referendum.

    Another applicant for the southeastern Massachusetts casino license, Mass Gaming & Entertainment, has proposed a project in Brockton, where a referendum has been scheduled for Tuesday. The gaming commission is to consider the developers’ “suitability” at a meeting today.

    The southeastern Massachusetts casino license is the last of three to be awarded by the gaming commission. Licenses were awarded last year for casinos in Springfield and Everett that are expected to open in 2017 and 2018, respectively. A license for a slots-only facility was awarded for Plainridge Park Casino in Plainville, which is scheduled to open June 24.

    b.hallenbeck@theday.com

    Twitter: @bjhallenbeck

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