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REVERE, Mass. (WWLP) – Mohegan Sun has moved its casino efforts out east and are opening up their wallet. The 22News I-Team discovered just how much more money Revere could receive than Palmer would have.
Revere could be getting about twice as much. Mohegan Sun signed its host community agreement with Revere on Monday.
Let’s remember Revere is about five times as large as Palmer. Mohegan Sun will be paying between $25-40 Million a year to Revere based on gaming revenue. Palmer would have received $16-$18 million.
Revere would also get $30 million up front it Mohegan Sun is awarded the Eastern Mass gaming license. Paul Burns is a Palmer town councilor.
“They seem to work best under a deadline, I have to wonder if it took so long in Palmer, close to two years in Palmer to negotiate a host community agreement how you can you pull it all together in supposedly two weeks in Revere,” said Burns.
Mohegan still has 95 years left on its land lease in Palmer, but town councilor Paul Burns told 22News the casino developer won’t commit to developing something there.
“I do question whether they’re going to or not, simply because they don’t do non-casino development, they’re a casino company so what are they going to do with that land,” said Burns.
Revere voters still need to approve Mohegan Sun’s proposal at Suffolk Downs. It will be interesting to see how much Mohegan Sun spends in this campaign. Mohegan Sun is competing with Wynn in Everett for the Eastern Massachusetts casino license.
In Palmer from July to November, Mohegan Sun spent around $485 thousand, well short of what Hard Rock and MGM on their campaigns.