New Bedford reaches deal with developer of Foxwoods casino

BOSTON (AP) — Developers vying for Massachusetts’ final resort casino license have been granted another reprieve.

The state Gaming Commission Thursday gave developers in New Bedford and Somerset until May 4 to secure financial commitments and other requirements. The deadline had been Monday of this week.

The 3-2 vote came after New Bedford Mayor Jon Mitchell and developers of a proposed $650 million waterfront casino announced an 11th hour deal on a host community agreement.

The deal with New York-based KG Urban Enterprises calls for a $4.5 million upfront payment to the city, followed by $12.5 million in annual payments once the casino opens.

The proposed casino would be run by Connecticut-based Foxwoods.

Mass Gaming and Entertainment, a subsidiary of Chicago-based Rush Street Gaming, also has proposed a casino for the Brockton fairgrounds.

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