Mohegan Sun, Suffolk Downs Team Up For $1B Casino Bid

Law360, New York (November 27, 2013, 2:57 PM EST) -- After losing out on its own bid to build a major casino resort in Massachusetts, Mohegan Sun announced Wednesday that it is jumping on board a $1 billion proposal spearheaded by the owners of Suffolk Downs racetrack.

The companies have struck a deal in which Mohegan Sun will be the development partner and gaming operator for Suffolk Downs’ proposed resort casino in Revere, Mass. The deal also indirectly brings on board Brigade Capital Management, a $15 billion investment adviser with whom Mohegan Sun has a strategic...
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