$1B Foxwoods Casino Voted Down By Mass. Town

Law360, New York (November 20, 2013, 5:09 PM EST) -- Despite scoring an eleventh-hour financing deal with Penn National Gaming Inc.'s newly spun-off real estate investment trust, the tribal owners of Foxwoods casino were forced out of the running for a $1 billion casino resort by voters in a Massachusetts town on Tuesday.

Approximately 65 percent of Milford, Mass., voters rejected a proposal to serve as host community for the Foxwoods-backed Crossroads Massachusetts LLC's casino resort. The vote comes just days after Foxwoods MA LLC had secured a letter of intent from Gaming and Leisure Properties...
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