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11 applicants for casinos/slot parlors submitted to Mass. Gaming Commission

Eleven applications for casinos and slots facilities in Mass. were filed before the January 15th deadline to the Massachusetts Gaming Commission with the single slot-parlor license to be awarded by the end of 2013. The list of applicants that paid the non-refundable $400,000 fee to enter Phase 1 includes casino veterans MGM Springfield, Penn National Gaming, Hard Rock MA, Wynn, and Mohegan Sun. Also Plainridge Racecourse, Sterling Suffolk Racecourse, Raynham Park, Mass Gaming Entertainment, PPE Casino Resorts, and Crossroads Massachusetts filed applications. There's the most competition for the license in Western Mass. Four developers have submitted applications for that region. MGM Resorts International and Penn National Gaming are interested in building in Springfield. Hard Rock is looking to build at the Eastern States Exposition fairgrounds and Mohegun Sun in Palmer. The Mass. Gaming Commission will award license for the slot/parlor facility by the end of 2013 and the first resort casino license will be awarded in the first quarter of 2014.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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