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SOURCE The Cordish Companies
The Cordish Companies Move Forward in Bid to Secure Category 2 Gaming License
BALTIMORE, Sept. 24, 2013 /PRNewswire/ -- The Cordish Companies are another step closer in their bid to win the sole Category 2 gaming license in the Commonwealth of Massachusetts after residents in the City of Leominster today voted overwhelmingly in favor of the proposed $200+ million Massachusetts Live! Casino project.
"We are thrilled that the residents of Leominster have given us their support for this project," said Joe Weinberg, Managing Partner, The Cordish Companies. "The Cordish Companies have a long-standing history of developing and operating best-in-class gaming and entertainment destinations across the country. We look forward to working with Mayor Dean J. Mazzarella and the whole community to create a true regional destination, which will generate more than 1,200 new jobs and contribute tens of millions of dollars in local and state tax revenue each year."
The Project has also received a variety of endorsements from civic groups and community leaders in Leominster and the North Central Massachusetts region. The Cordish Companies will now move forward with submission of its Phase II gaming license application to the Massachusetts Gaming Commission on October 4.
Located on Jungle Road, off I-190 and Route 117 in Leominster, the Massachusetts Live! Casino will be a $200+ million casino entertainment destination, featuring 1,250 of the latest state-of-the art slot machines and electronic table games, nationally-acclaimed and local restaurant brands, and a live entertainment venue. The Project will generate over $1 billion in local and state tax revenue over its first 10 years of operation.
The Cordish Companies also owns and operates Maryland Live! Casino in the Baltimore-Washington, DC corridor, which is currently the largest commercial casino in the country, and the highest grossing casino in the mid-Atlantic gaming market.
About The Cordish Companies
The Cordish Companies (www.cordish.com), now in its fourth generation of family ownership, is an international grouping of businesses including one of the leading real estate development companies, entertainment and gaming companies in the United States. The Company has diverse development expertise with divisions focused on Entertainment & Mixed-Use, Gaming & Lodging, Sports Anchored Districts, Shopping & Lifestyle Retail, Office and Residential. The Cordish Companies also owns and manages a diverse group of operating businesses, ranging from gaming, restaurants/clubs to live music promotion and film/media distribution. The Company values itself on the quality of its operations, its long-term relationships, and high level of integrity in all of its endeavors.
The Cordish Companies is the largest and most successful developer of entertainment districts and concepts in the United States. In particular, the company has unparalleled experience in creating and revitalizing high-profile destinations in urban core locations. Many of The Cordish Companies' projects involve public/private partnerships and are of unique significance to the cities in which they are located. Prime examples are the company's prominent role in the redevelopment of Baltimore's world-famous Inner Harbor; Atlantic City, NJ; Hollywood, FL; Charleston, SC; Houston, TX; Louisville, KY; Tampa, FL, Kansas City, MO; and Towson, MD.
The Cordish Companies has received the highest possible national awards in its various areas of expertise. In real estate, The Cordish Companies has received an unprecedented seven Urban Land Institute Awards of Excellence.
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