from the Boston Herald (10/11)
Harrah’s eyes casino resort at racetrack
Hail Caesars Downs
By Scott Van Voorhis
Thursday, October 11, 2007
"A $1 billion Caesars resort would take shape at Suffolk Downs in East Boston if Gary Loveman, the head of one of the world’s largest casino companies, has his way.
Loveman, chief executive of Las Vegas-based Harrah’s Entertainment, told the Herald yesterday he has long been interested in building a destination gaming resort at the racetrack and has had discussions with at least one of the track’s owners.
And if a deal were to be cut, Loveman said he would seriously consider building a Caesars, the top shelf brand of Harrah’s global gaming empire. To do so, though, Loveman said Harrah’s would have to be able to build out a full gaming resort, complete with hotels, restaurants, retail shops and spa." ...
"Loveman’s comments come as a number of gaming companies line up to take a look at the Massachusetts market in the wake of Gov. Deval Patrick’s proposal to open the state to resort-style casinos. The governor is expected to unveil a casino bill today spelling out crucial details on how his plan will work.
Loveman said he has had a longstanding dialogue with Boston concessionaire and Suffolk co-owner Joseph O’Donnell regarding building a casino at the Suffolk site. The two sit together on the board of Children’s Hospital and share ties to Harvard Business School.
Loveman contends that a Boston resort casino will need the backing of a major gaming company to compete against Connecticut’s Foxwoods and Mohegan Sun, two of the world’s most successful casinos." ...
"O’Donnell said Loveman and Harrah’s would be on the “shortlist” of potential partners if the time comes for such discussions. But he stressed the debate over casino gambling in Massachusetts still has a long way to go.
In fact, Patrick and other top state officials have expressed reservations about building a resort casino in Boston." ....
For the complete story see:
http://www.bostonherald.com/business/general/view.bg?arti
cleid=1037364
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