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词条 Plainridge Park Casino
释义

  1. History

     Background and license (1990s)  Opening (1999)  Addition of slot machines 

  2. See also

  3. References

  4. External links

{{Infobox Racecourse
|Name= Plainridge Park Casino
|Image=
|Caption=
|Location=Plainville, Massachusetts
|Owner=Penn National Gaming
|Channel=
|Opened= March 17, 1999
|RaceType = Harness racing
|CourseType = Flat
|Handle = $1.5 million (2011)[1]
|Website= http://www.plainridgeparkcasino.com/
|Notable Races =
}}

Plainridge Park Casino is a harness racing track and slot machine parlor in Plainville, Massachusetts, owned and operated by Penn National Gaming.

History

Background and license (1990s)

In 1997, Massachusetts's only harness racing track,[2] Foxboro Park, was closed after a legal dispute between its owner, Robert Kraft, and its operator, Charles Sarkis.[3] Two competing plans to resurrect the sport were soon brought before the Massachusetts Racing Commission, with Kraft seeking to reopen Foxboro under a new operator, while Gary Piontkowski, who had managed Foxboro under Sarkis, proposed to build a new track at a 90-acre site in Plainville.[4] Kraft withdrew his application weeks later,[5] however, leaving Piontkowski as harness racing's only hope in the state.

The Racing Commission issued a conditional license for Piontkowski's proposed track in November 1997, with a targeted opening date of May 1998.[6] Piontkowski would purchase the land for $4.5 million, and buy an existing 40,000-square-foot building to use as the grandstand.[7] The project would be financed by an $11 million loan from Cornerstone Capital.[7]

Piontkowski's application ran into trouble when the Commission found that Cornerstone had never actually committed to the loan, and that Piontkowski might have used a loan broker who had since been imprisoned for bank fraud.[8] The project was nevertheless granted a two-month extension of its financing deadline, raising criticism that commissioners were being too lenient with Piontkowski, who had previously served as the Racing Commission's chairman.[9] By April 1998, the commission approved a new financing plan, with ownership of the track to be shared by nine investors, with Piontkowski holding a 15% share.[10]

In May 1998, a neighboring landowner filed a lawsuit seeking to nullify the track's building permit,[11] prompting Piontkowski to suspend construction and push back the track's debut to the next season.[12] The lawsuit was later settled out of court.[13]

A new application was filed in October 1998,[14] under which the purchase of the land and construction of the track would be financed by real estate developer Lou Giuliano, who would lease the track to Piontkowski's company for $1 million per year.[15] The Racing Commission approved the license in November.[16]

Opening (1999)

The track opened for simulcast wagering on March 17, 1999,[17] and held its first day of live racing a month later on April 19.[18]

Plainridge faced criticism from the beginning, with industry observers and Racing Commission chair Robert Hutchinson arguing that the track's live racing schedule was nothing but an excuse to justify a lucrative off-track betting operation and a potential racino; a large room in the grandstand was set aside for the installation of as many as 400 slot machines.[19]

Around July 1999, a rift grew between Piontkowski and Giuliano over management of the track.[20] Giuliano then applied for a license to operate the track himself in 2000, claiming that Piontkowski's lease was valid only until December 31, 1999.[20] The commission found that Giuliano did not actually own the land, but only held an option to buy it from a Boston investment company, Realty Financial Partners (RFP), which had financed the purchase.[21] Piontkowski's company was approved to retain the license, subject to the condition that it obtain financing the buy the track from RFP.[21] After Giuliano failed to exercise his option to buy the track, RFP claimed control and served an eviction notice on Piontkowski.[22] A deal was soon reached for Piontkowski's group to buy Plainridge from RFP for $13.6 million, to be partially financed by Anchor Gaming.[23] The sale was completed in May 2000.[24]

In the wake of their dispute, Piontkowski and Giuliano filed dozens of lawsuits against of each other, with proceedings lasting through 2005.[25] Giuliano initiated multiple attempts to develop a nearby competing harness racing track,[26][27] none of them successful.

Addition of slot machines

Piontkowski consistently supported proposed legislation to authorize slot machines at the state's four racetracks, touting plans for a $180-million expansion of Plainridge.[28] Discussions were held with major gaming companies about developing a casino at the track,[29] but the site was seen as having limited potential due to its proximity to the Mashpee Wampanoag Tribe, who were likely to develop a casino under any expanded gambling regimen.[30] In 2008, Piontkowski was credited with killing a casino bill pushed by Governor Deval Patrick because it had no provision for racinos.[30]

In 2011, the state finally enacted casino legislation, authorizing up to three resort-style casinos and one slots-only facility.[31] The slot parlor provision originated as a compromise between House Speaker Robert DeLeo, a staunch advocate of racinos, and Governor Patrick, who opposed allowing slot machines at racetracks without a competitive bidding process.[32] Plainridge was the state's first gaming applicant, submitting its $400,000 application fee as soon as the process opened.[33] Piontkowski stated that the track could not continue live racing without the additional revenue of slot machines;[34] one of the track's owners said the site could otherwise be redeveloped as a shopping center.[35]

The track began construction of a 1,000-car parking garage in late 2012, hoping to demonstrate to the Gaming Commission that its proposal would be the quickest to open and begin generating tax revenue.[36]

In early 2013, state investigators found that Piontkowski had taken over $1 million in cash from the track's money room over the years; the distributions were recorded on the company books, but had not been approved by the track's majority owners.[37] As a result, the owners pushed Piontkowski out as president, and bought out his shares.[38] The track's new president vowed to change the organization's "culture",[38] but the Gaming Commission called the changes "way too little, way too late", and disqualified Plainridge's application for a gaming license in August 2013.[39]

New hope for the track emerged weeks later, when Penn National Gaming, fresh off a failure to win approval for its proposed slot parlor in Tewksbury, reached a deal to pursue a gaming license at Plainridge, with an option to buy the track if its bid were successful.[40] Plainville voters soon approved the slots plan by a margin of 3 to 1 in a town referendum, required as a condition of licensing.[41]

Penn National was awarded the gaming license in February 2014. The bid overcame competition from two other applicants, a Cordish Company slot parlor proposed for Leominster, and a former greyhound racing track in Raynham.[41]

The slot parlor held a soft opening for invited guests on June 22, 2015,[42] and opened to the public on June 24.[43]

In December 2017, Penn National agreed to sell Plainridge's real estate assets to Gaming and Leisure Properties, and lease it back for $25 million per year.[44]

See also

{{Portal|Massachusetts}}
  • Gambling in Massachusetts

References

1. ^{{cite report|title=Review of Massachusetts State Racing Commission and Industry|publisher=Massachusetts Gaming Commission|date=July 16, 2012|page=7|url=http://massgaming.com/wp-content/uploads/Review-of-Mass-State-Racing-Commission-July-16-2012_1.pdf|accessdate=2013-09-16}}
2. ^{{cite news|title=Bangor Raceway makes small profit; seeks 27 dates|newspaper=Bangor Daily News|date=November 8, 1996|author=Ken Ward|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BDNB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0F1D95F8A886DE9F&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
3. ^{{cite news|title=Race is over for Foxboro Park track|newspaper=Boston Herald|author=Bernard J. Wolfson|date=August 1, 1997|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB41DDFD93F36A3&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
4. ^{{cite news|title=Dates sought for Foxboro|newspaper=Boston Herald|author=Ed Gray|date=October 2, 1997|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB41DEC000BDEBF&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
5. ^{{cite news|title=Kraft scratches deal for Foxboro Park|newspaper=Boston Herald|author=Bernard J. Wolfson|date=October 22, 1997|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB41DEFE1649703&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
6. ^{{cite news|title=Plainville granted provisional license|newspaper=Boston Herald|author=Ed Gray|date=November 15, 1997|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB41DF412225CAB&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
7. ^1 {{cite news|title=Harnessing his dream: Piontkowski banks on track|newspaper=Boston Globe|author=Ron Indrisano|date=December 2, 1997|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020011005dtc2010je&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
8. ^{{cite news|title=Ex-racing official's bid to build Plainville track under scrutiny|newspaper=Boston Globe|author1=Steven Wilmsen|author2=Tina Cassidy|date=December 21, 1997|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020011005dtcl0138a&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
9. ^{{cite news|title=Piontkowski gets extension to find lender for race track|newspaper=Boston Globe|author=Tina Cassidy|date=January 16, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010915du1g0026s&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
10. ^{{cite news|title=Investors hope to open Massachusetts track|newspaper=Bangor Daily News|author=Ken Ward|date=May 1, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bngr000020010915du510064j&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
11. ^{{cite news|title=Racetrack plans blocked|newspaper=Associated Press Newswires|date=May 13, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020010915du5d08hwm&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
12. ^{{cite news|title=Piontkowski withdraws, to reapply in fall for race track|newspaper=Boston Globe|author=Tina Cassidy|date=May 21, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010915du5l00jei&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
13. ^{{cite news|title=Hope for harness racing in Massachusetts?|date=October 2, 1998|newspaper=Associated Press Newswires|url=http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020010915dua20iw6l&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
14. ^{{cite news|title=Two more apply for dates|author=Ron Indrisano|newspaper=Boston Globe|date=October 2, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010915dua20106f&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
15. ^{{cite news|title=Harness track plan gains backer|newspaper=Providence Journal|date=October 3, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=prov000020010918dua3010xa&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
16. ^{{cite news|title=Harness racing track licensed in Plainville|newspaper=Associated Press Newswires|date=November 14, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020010915dube0m6gc&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
17. ^{{cite news|title=Piontkowski races to finish|newspaper=Boston Herald|date=March 18, 1999|author=Ed Gray|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB4DB03A58E1DE0&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
18. ^{{cite news|title=Plainridge harnesses big opening crowd|newspaper=Boston Herald|author=Ed Gray|date=April 20, 1999|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BNHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB4DB105254D400&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required|via=NewsBank}}
19. ^{{cite news|title=Casino gambling right on track|newspaper=Boston Globe|author=Adrian Walker|date=March 25, 1999|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010825dv3p00ahz&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
20. ^1 {{cite news|title=Plainridge rift comes to light|newspaper=Boston Globe|author=Ron Indrisano|date=October 2, 1999|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010825dva200y5i&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
21. ^1 {{cite news|title=Plainville granted license|newspaper=Boston Globe|author=Ron Indrisano|date=November 16, 1999|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010825dvbg014if&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
22. ^{{cite news|title=Piontkowski told to get out; vows to fight eviction order|newspaper=Portsmouth Herald|agency=AP|date=February 1, 2000|url=http://www.seacoastonline.com/apps/pbcs.dll/article?AID=/20000201/NEWS/302019988|accessdate=2013-09-07}}
23. ^{{cite news|title=Plainridge racetrack to be sold|newspaper=Boston Globe|author=Michael Rezendes|date=March 1, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010803dw31006qy&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
24. ^{{cite news|title=Racecourse is sold to investment group|newspaper=Boston Globe|date=May 18, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=bstngb0020010803dw5i00f2y&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
25. ^{{cite news|title=Harness track operator wins lawsuit|newspaper=Boston Globe|author=Robert Preer|date=March 31, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=BSTNGB0020050401e13v0002x&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
26. ^{{cite news|title=Harness track proposal gets initial OK|newspaper=Boston Globe|author=Robert Preer|date=November 27, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=BSTNGB0020031203dzbr0000w&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
27. ^{{cite news|title=Businessman proposes harness track|newspaper=Boston Globe|author1=Lisa Kocian|author2=Emma Stickgold|date=April 4, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=BSTNGB0020040407e04400069&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
28. ^{{cite news|title=Racecourse to expand simulcasts|newspaper=Boston Globe|author=David Cutler|date=March 16, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=BSTNGB0020060318e23g0001c&cat=a&ep=ASE}} {{subscription required|via=Factiva}}
29. ^{{cite news|title=Fresh faces join push to build casinos in Bay State|newspaper=Boston Globe|author=Matt Viser|date=May 28, 2009|url=http://www.boston.com/news/local/massachusetts/articles/2009/05/28/fresh_faces_join_push_to_build_bay_state_casinos/|accessdate=2013-09-14}}
30. ^1 {{cite news|title=Track owner emerges in casino debate|newspaper=Boston Globe|author=Ralph Ranalli|date=May 4, 2008|url=http://www.boston.com/news/local/articles/2008/05/04/track_owner_emerges_in_casino_debate/?page=full|accessdate=2013-09-14}}
31. ^{{cite news|title=Massachusetts Gov. Deval Patrick signs bill to establish up to 3 casinos, 1 slot parlor|newspaper=The Republican|location=Springfield, MA|author=Dan Ring|date=November 22, 2011|url=http://www.masslive.com/news/index.ssf/2011/11/massachusetts_gov_deval_patric_75.html|accessdate=2013-09-14}}
32. ^{{cite news|title=Mass. gov says he'll never support no-bid slots|newspaper=Boston Globe|agency=AP|author=Glen Johnson|date=August 4, 2010|url=http://www.boston.com/news/local/massachusetts/articles/2010/08/04/mass_gov_says_hell_never_support_no_bid_slots/|accessdate=2013-09-14}}
33. ^{{cite news|title=State receives first slot parlor application|newspaper=Cape Cod Times|author=Heather Wysocki|date=August 10, 2012|url=http://www.capecodonline.com/apps/pbcs.dll/article?AID=/20120810/NEWS/120819998/-1/news06|accessdate=2013-09-14|deadurl=yes|archiveurl=https://web.archive.org/web/20141020113645/http://www.capecodonline.com/apps/pbcs.dll/article?AID=%2F20120810%2FNEWS%2F120819998%2F-1%2Fnews06|archivedate=October 20, 2014|df=}}
34. ^{{cite news|title=Old foes gird for slots parlor fight|newspaper=Boston Globe|author=Mark Arsenault|date=February 6, 2012|url=http://www.boston.com/2012/02/06/slotcontest/B4rjZLHfSHtRlruhNKAgqM/singlepage.html|accessdate=2013-09-14}}
35. ^{{cite news|title=Racetrack owners betting on slots approval|newspaper=Boston Globe|author=Scott Van Voorhis|date=January 27, 2011|url=http://www.boston.com/news/local/massachusetts/articles/2011/01/27/plainridge_racetrack_owners_betting_on_state_ok_on_expanded_gambling/|accessdate=2013-09-14}}
36. ^{{cite news|title=Plainridge racetrack gambling on slots parlor bid|newspaper=Boston Globe|author=Mark Arsenault|date=December 31, 2012|url=https://www.bostonglobe.com/metro/2012/12/31/competition-heats-for-slot-parlor-license/0fMViHS0JHli0VR90L0mgM/story.html|accessdate=2013-09-14}}
37. ^{{cite news|title=Cash flow at Plainridge raised alarm|newspaper=Boston Globe|author=Mark Arsenault|date=July 25, 2013|url=https://www.bostonglobe.com/metro/2013/07/24/background-check-tripped-plainridge-chief/1kVCV0wnguWrTdX016MfbI/story.html|accessdate=2013-09-14}}
38. ^1 {{cite news|title=Plainridge track partner says former president Piontkowski ‘pulled a fast one’|newspaper=Boston Globe|author=Mark Arsenault|date=July 26, 2013|url=https://www.bostonglobe.com/metro/2013/07/26/track-partner-says-piontkowski-pulled-fast-one/z1wDtmF7zlGEFW5hLJNX7I/story.html|accessdate=2013-09-14}}
39. ^{{cite news|title=Mass. denies Plainridge Racecourse’s slots bid|newspaper=Boston Globe|author=Mark Arsenault|date=August 6, 2013|url=https://www.bostonglobe.com/metro/2013/08/05/plainridge-racecourse-disqualified-from-slots-sweepstakes/NIddEnLiJzwhGNXeRNob1L/story.html|accessdate=2013-09-14}}
40. ^{{cite news|title=Company in deal to buy Plainridge Racecourse|newspaper=Boston Globe|author=Mark Arsenault|date=September 3, 2013|url=https://www.bostonglobe.com/business/2013/09/03/penn-national-gaming-deal-buy-plainridge-racecourse-resume-slot-parlor-bid/Wq0XTEtn0l0tmSxjMHPEzO/story.html|accessdate=2013-09-14}}
41. ^1 {{cite news|title=Mixed results for gaming proposals in Mass.|newspaper=Boston Globe|author1=Mark Arsenault|author2=Ellen Ishkanian|date=September 11, 2013|url=https://www.bostonglobe.com/metro/2013/09/10/springfield-rejects-casino-plainridge-wins-approval/UrF4CtCKyvN8vsfm5LlAML/story.html|accessdate=2013-09-14}}
42. ^{{cite news|title=Plainridge Park Casino on target for Wednesday opening|newspaper=Boston Globe|author=Sean P. Murphy|date=June 22, 2015|url=https://www.bostonglobe.com/metro/2015/06/22/countdown-slots-plainridge-target-for-wednesday-opening/y5pChTbhkApMRhi13WMUzK/story.html|accessdate=2015-06-22}}
43. ^{{cite news|title=Plainridge Park Casino officially opens its doors|newspaper=Boston Globe|author=Sean P. Murphy|date=June 24, 2015|url=https://www.bostonglobe.com/metro/2015/06/24/plainridge-park-casino-open-its-doors-today/ahf0FOyZr4CV9G7V5MGcCK/story.html|accessdate=2015-06-24}}
44. ^{{cite press release|title=Gaming and Leisure Properties, Inc. announces agreements to accommodate the proposed acquisition of Pinnacle Entertainment, Inc. by Penn National Gaming, Inc.|publisher=Gaming and Leisure Properties|date=December 18, 2017|url=https://globenewswire.com/news-release/2017/12/18/1263261/0/en/Gaming-and-Leisure-Properties-Inc-Announces-Agreements-to-Accommodate-the-Proposed-Acquisition-of-Pinnacle-Entertainment-Inc-by-Penn-National-Gaming-Inc.html|via=GlobeNewswire|accessdate=2017-12-29}}

External links

  • {{official website|http://www.plainridgeparkcasino.com/|Plainridge Park Casino}}
{{Greater Boston sports arenas}}{{coord|42|2|2.04|N|71|18|8.78|W|type:landmark|display=title}}

6 : Horse racing venues in Massachusetts|Harness racing venues in the United States|Casinos in Massachusetts|Plainville, Massachusetts|Casinos completed in 2015|2015 establishments in Massachusetts
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