![]() ![]() The key condition set by the panel was that the group line up the additional equity financing and show ability to obtain debt financing, and do both "in sufficient time" for the commission's investigative arm to complete its background check and issue a final suitability determination by Dec. Had the commission issued an unsuitable ruling, Crossroads would have been disqualified and the vote rendered moot. The referendum in Milford is scheduled for Tuesday. They must be deemed suitable by the commission after an extensive background check, and they must win the approval of residents of their host community in a referendum. "We're confident that GLPI's financial support will help us bring our project to fruition, providing great financial stability in addition to social and economic benefits to the local community," Foxwoods president and chief executive Scott Butera said in a statement.Ĭasino hopefuls in Massachusetts that submitted preliminary applications in January must clear two major hurdles before they can submit final applications by the state's Dec. ![]() It described GLPI as newly-created spin-off from Penn National Gaming, a company that is bidding to operate a slots parlor at the Plainridge harness race track in Plainville. The company announced late Friday that it had signed a letter of intent with Gaming and Leisure Properties, Inc., to finance the Milford project. ![]()
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