Mass. Slots Operator Makes $25 Million License Payment
BOSTON (AP) — The state’s decision to welcome casino gambling to Massachusetts is beginning to pay off.
On Friday, Penn National Gaming announced it has submitted an electronic payment of $25 million to the state for the Plainridge Park Casino gambling license.
It’s the first casino license fee received by the state since passage of the 2011 law legalizing casino gambling in Massachusetts.
Penn National was awarded the state’s only slots parlor license last month by the Massachusetts Gaming Commission.
The facility can install up to 1,250 slot machines, but cannot offer table games such as blackjack. The company has already broken ground on the facility.
Penn National says it’s also entered into cross-marketing agreements with nearly 50 businesses to help them benefit from the project.
The company says the slots parlor will create 500 new, permanent jobs.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
MORE LOCAL NEWS FROM CBS BOSTON