Online Casino Edition offers you the hottest news about gambling industry. The latest news is that the Caesars and the Boston Casino, the gaming resort of Suffolk Downs, has entered in a deal where the ownership of the casino will remain with Suffolk and management will be handed over to Caesars.
Online PR News – 17-May-2011 – – Online Casino Edition is an online source dedicated to offer you the most recent news about online casinos and the gambling industry. Established with an aim of providing information to casino players and fans of the new promotions, deals, jackpots, and developments, the website offers authentic and genuine news. The best feature is that it lists all local, regional, national, and international casino news at one place. You no longer need to visit different websites for finding the latest news about your favorite casino or online gaming industry. As soon as something happens or new promotion or offers is introduced, it will be posted on the website within no time. The latest news is about the agreement between Caesars And The Boston Casino.
Caesars Entertainment and Suffolk have recently entered into a business deal where the entire management of gaming resort of Suffolk near Boston airport will be handed over to Caesars. Although the ownership of the gaming resort will not be given to Caesars, they will handle the entire management.
Apart from this, even the construction and development work will also remain with Suffolk. The gaming resort is in a racetrack near Boston Airport and will be expanded in a huge area. It will include casinos, restaurants, and hotels with approximately 600 rooms, club house, spas, and shopping centers. This is a huge project and involves the expenditure of around $600 billions.
It was reported that many casino owners and gaming companies were in negotiation with Suffolk, but it was Caesars which grabbed the deal. Caesars Entertainment has been in this industry for more than 70 years and has become one of the largest casino entertainment companies in the world. Operating and managing several casinos around the world, the company has three main brands under its name including Caesars, Harrah’s, and Horseshoe. Having more than 50 casinos under its belt, it will keep on adding value to it by grabbing more deals.
Suffolk had announced the plan of opening a gaming resort back in June 2010. Since then, there had been negotiations between Suffolk and other casino management companies. According to Mr. Chip Tuttle, the COO of Suffolk, this huge project will employ almost 2000 people in construction jobs and more than 2000 jobs once it gets open to public.
The deal between Caesars and the Boston Casino will rejuvenate the ailing city of Boston. If the state passes the gaming bill, it is expected to increase the revenue in the state and will attract more visitors from the neighboring states. It has been reported that Suffolk has already spent $5,000 to get the bill passed.
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