MA casino lean likely dooms Suffolk (Update: Deal set for 2015-16)

[Kasept]

Originally Posted by Suffolk Shippers

Steve, very interesting from Mr. Welch on your program this morning re: Suffolk and Stronach. Tim Rivto, speaking on behalf of Stronach saying they're looking at all "wayward" tracks (in terms of profitability) and coming in and running those tracks. Any number of tracks fall into that bucket, AP, SUF, Colonial, FG...

Sounds like if the casino law remains intact post-election, they could be interested based on the revenue that will be skimmed off the casinos and put into the horse racing development fund. I have heard media reports say that fund could reach $100m in the next decade. Very interesting development.

How about that? Maybe I missed it elsewhere, but was news to me. And it sounded exactly as you suggest: That Stronach is monitoring and considering opportunities at any and all of the venues that are in question.

The development fund in MA is projected to reach $140,000,000.