Raynham Park Caesars Sportsbook Further Delayed on Suitability Concerns
The father-son owners of Raynham Park, George III and Chris Carney, want to make for a Caesars Sportsbook to their former greyhound racetrack. But the Carneys’ sports betting ambitions remain tied upwards with the Bay State Gaming Commission (MGC).
Raynham Mungo Park ceased unrecorded greyhound on Jan. 1, 2010, after country voters earlier passed a ballot referendum banning domestic dog racing. The pari-mutuel readiness until this month operated as an off-track betting business organisation offering wagering opportunities on greyhound races contested outdoors of the commonwealth.
But Massachusetts law, effectual Aug. 1, 2023, now bans greyhound wagering disregarding of where the race is held. Raynham Park’s OTB continues to provide bettors approach to pureblood and tackle racing and simulcasts, but for the deteriorating track to find new life, the Carneys believe the best play is a sportsbook.
In January, the Carneys announced a partnership with Caesars Entertainment to land the Las Vegas Strip casino monster to southeastern Massachusetts. The jr. Carney, Chris, has known Dan Shapiro, chief evolution ship's officer for Caesars Digital, for many years. Chris and Dan are responsible for(p) for the gambling casino and sports betting behemoth agreeing to wreak its iconic brand to Raynham, a suburban town around 30 miles S of Boston.
Suitability Setbacks
In June, the Carneys’ Raynham Mungo Park and Caesars Sportsbook applied for a Category 2 sports wagering permission with the MGC. Cat. 2 sportsbook applications amount with a $200K nonrefundable fee, which is used to compensate the regulatory costs to critique the application.
The to the highest degree comprehensive division of the practical application survey cognitive operation is determining whether the major stakeholders behindhand the entity are suited to take hold a sports betting license. While the MGC doesn’t urinate those suitableness outcomes public, a job was found in plausive Chris.
That resulted inward the MGC continually delaying a balloting on the Raynham Park/Caesars Cat. 2 license. The applicants are now seeking to revise the submission past removing Chris from the tender.
The Carneys say Chris won’t feature a financial stake in the sports betting procedure should it live authorized. But MGC officials, including Investigations Enforcement Bureau Director Loretta Lilios, said the younger Carney remains “integrally intertwined” with the business.
The MGC during its Wednesday discussion on the Raynham Mungo Park Caesars Sportsbook practical application opted to farther shelve a voter turnout on the submission. The MGC will next consider the movement during its Aug 18 meeting.
Sportsbook Details
The Carneys had hoped to hold the Caesars Sportsbook at Raynham Mungo Park upwards and running inwards clip for this fall’s NFL and college football seasons. That timeline has long passed due to the MGC delays.
Caesars has suggested edifice a standalone bodily structure side by side(p) to the former greyhound caterpillar tread that would span well-nigh 60,000 square toes feet. According to their earlier plans, the Carneys would roll the $28 gazillion investment. The facility would amount with a mental ability for upward to 2,000 people, including a standing room.
Caesars is already operating an online sportsbook inwards Bay State through and through its partnership with Wynn Resorts’ Encore Bean Town Harbor. The state’s triad casinos are afforded Category 1 sports betting licenses, which tolerate them to operate in-person sports betting and upward to 2 online platforms.
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