$807M Proposal Ups Stakes For Limited Mass. Casino Licenses

Law360, New York (October 11, 2012, 3:07 PM EDT) -- Penn National Gaming Inc. has proposed an $807 million Hollywood-branded casino and mixed-use complex in Springfield, Mass., expanding its casino empire to the commonwealth for the first time, the gaming giant announced Thursday.

The proposal adds Penn National to the growing list of competitors vying for the sole western Massachusetts casino license, which also includes MGM Resorts International, Hard Rock International and Mohegan Sun, just days after the state’s gambling regulators voted to start accepting bids. Under the recently amended Massachusetts gaming law, up to three...
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