Tonight I attended the “Post-Negotiation” Forum with the Town of Plainville presented by the Cummings Team. This forum was the final phase of the meetings held before the September 10th election where Plainville residents get to vote on whether or not to allow slot machines to be installed into Plainridge Raceway. What was supposed to be a rather orderly process was complicated recently when the Massachusetts Gaming Commission declared OurWay Realty (the former owners of Plainridge Racecourse) unfit to manage the proposed slot machines due to some prior business practices. To review some recent history, the Town of Plainville Board of Selectmen decided to proceed with the election, stating that the owners were disqualified–not the site or the town. The original purpose of the meeting was to explain to the voters the details of the Host Agreement Plainridge had signed with the Town. That was done very thoroughly, but obviously those attending the meeting were very interested in learning about the company that had bought Plainridge. All of the information about the Host Agreement between Plainridge and Plainville can be found on the Town of Plainville website. The Assignment and Assumption of Host Community Agreement can also be found on Plainville’s website. The agreement is between Ourway Realty, LLC, and Springfield Gaming and Redevelopment ,LLC (a company formed by Penn National Gaming). The agreement did not change–it was simply transferred to the new owners.
This week it was announced that Penn National Gaming has taken over Plainridge Racecourse and will apply for the license for the slot machines. Penn National Gaming representatives gave a short presentation about their company and explained that very few changes would be made to the original plans for the Racino. They gave a brief history of the company, which is publicly traded on NASDAQ. Chris McErlean, Vice-President, Racing, explained that the company’s forte is racing/gaming facilities. Eric Schippers, Senior Vice-President, Public Relations, explained that the goal of Penn National Gaming in getting involved in Plainridge was to save the racetrack. He explained that Penn National Gaming has a decentralized management philosophy and believes in local managers involved in the communities where their facilities are located.
The meeting was very positive, and I believe that Penn National Gaming would be a very suitable organization to run Plainridge Raceway. The representatives from Penn National Gaming did remind us that the vote in Plainville was only a part of the process. Even if the voters approve the slot machines, the Massachusetts Gaming Commission will decide whether or not to choose the site.
I would like to applaud the Plainville Board of Selectmen for allowing the vote to go forward on September 10 even though it looked as if there might not be anyone to takeover the racetrack. I would also like to applaud the representatives of Penn National Gaming for a very thorough and concise presentation explaining who they are and what their plans are for the future of Plainridge Raceway. Because of the foresight of the Board of Selectmen and the willingness of Penn National Gaming to get involved midway through the process, Plainville voters will have a chance to express their opinion.