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Suffolk Downs sold with racing continuing to 2018

Suffolk Downs horse racingThe owners of Suffolk Downs in East Boston, Mass., have reached an agreement to sell the track and its property to a real-estate development company, but live racing and simulcasting is expected to continue at the track through at least the end of 2018, according to officials. The real-estate development company, McClellan Highway Development Co., is expected to take the title to the 161-acre property after the deal closes later this year, but because of the need to get approvals to redevelop the land, the track will remain open for brief live meets in both 2017 and 2018 and as a simulcasting facility, the officials said.
Chip Tuttle, the chief operating officer of Suffolk, said on Wednesday that the current owner of the track, Sterling Suffolk Racecourse LLC, will lease the facility from the new owners in 2017 and 2018 and retain the track’s racing license. He also said Suffolk would attempt to continue to operate a simulcasting facility at the property even after it is redeveloped, but he cautioned that talks about the potential for an OTB site remain in the “very, very early stages.”
“We’d like to hold onto that simulcasting license indefinitely, if at all possible,” Tuttle said.
On Wednesday, the Massachusetts Gaming Commission was scheduled to add approval of the sale to its agenda for a meeting scheduled for March 30.


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