Plainridge Racecourse
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Plainridge Racecourse
Plainridge Park Casino is a harness racing track and slot machine parlor in Plainville, Massachusetts. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History Background and license (1990s) In 1997, Massachusetts's only harness racing track, Foxboro Park, was closed after a legal dispute between its owner, Robert Kraft, and its operator, Charles Sarkis. 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. Kraft withdrew his application weeks later, 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. Piontkowski would purchase the land for $4.5 million ...
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Plainville, Massachusetts
Plainville is a town in Norfolk County, Massachusetts, United States. The population was 9,945 at the time of the 2020 census. Plainville is part of the Boston and Providence metropolitan areas. History Originally included in a 1635 grant of land for Dedham, Massachusetts, the area was later deemed the Plantation of Wollomonuppoag and then later becoming Wrentham, Massachusetts before Plainville branched out as a separate community. Plainville became an officially recognized town on April 4, 1905, making it the third youngest town in the state, behind Millville (1916) and East Brookfield (1920). One of the earliest documentations of Plainville being settled is from 1674, when a Wampanoag man by the name of Matchinamook petitioned and received a few acres of land at the head of the Ten Mile River, at present day Fuller's Dam. As Matchinamook was a native warrior under Wampanoag chieftain Metacomet, or more commonly known in the area as King Philip, he most likely fought dur ...
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Penn National Gaming
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gaming. It operates 43 properties in 20 states, online sports betting in 14 jurisdictions and iCasino in five under the brands Hollywood Casino, L’Auberge, Barstool Sportsbook, and theScore Bet. The company also owns a 36% stake in Barstool Sports. In 2013, Penn completed the corporate spin-off of Gaming and Leisure Properties, a real estate investment trust. History Background and early history (1968–1994) Beginning: Pitt Park Raceway, Inc. and the Pennsylvania National Turf Club In 1967, Pennsylvania enacted a law allowing thoroughbred horse racing with parimutuel wagering. Two companies that later formed part of Penn National Gaming were founded in 1968 by groups seeking one of the four available racing licenses: Pitt Park Raceway, Inc., formed by several Erie area businessmen, and the Pennsylvania Nationa ...
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Casinos In Massachusetts
Casinos may refer to: * Casinos, Valencia, municipality in Spain * David Casinos (born 1972), Spanish Paralympian athlete * The Casinos, an American popular music group See also *Casino (other) A casino is a facility that houses and accommodates certain types of gambling activities. Casino may also refer to: Places * Casino, New South Wales, Australia ** Casino railway station, New South Wales, Australia ** The 20th-century electoral ...
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Harness Racing Venues In The United States
A harness is a looped restraint or support. Specifically, it may refer to one of the following harness types: * Bondage harness * Child harness * Climbing harness * Dog harness * Pet harness * Five-point harness * Horse harness * Parrot harness * Safety harness * Windsurfing harness * The backpack straps of a breathing apparatus Harness may also refer to: * Cable harness * Test harness, in software testing * Harness racing, horse racing * Loom harness, a component of a loom * Harness, a type of clinch in grappling * Harness, Arkansas, a ghost town * Full harness restraints, see belly chain Belly may refer to: Anatomy * The abdomen, the part of the body between the pelvis and the thorax; or the stomach ** A beer belly, an overhang of fat above the waist, presumed to be caused by regular beer drinking ** Belly dance * The fleshy, cen ...
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Horse Racing Venues In Massachusetts
The horse (''Equus ferus caballus'') is a domesticated, one-toed, hoofed mammal. It belongs to the taxonomic family Equidae and is one of two extant subspecies of ''Equus ferus''. The horse has evolved over the past 45 to 55 million years from a small multi-toed creature, ''Eohippus'', into the large, single-toed animal of today. Humans began domesticating horses around 4000 BCE, and their domestication is believed to have been widespread by 3000 BCE. Horses in the subspecies ''caballus'' are domesticated, although some domesticated populations live in the wild as feral horses. These feral populations are not true wild horses, as this term is used to describe horses that have never been domesticated. There is an extensive, specialized vocabulary used to describe equine-related concepts, covering everything from anatomy to life stages, size, colors, markings, breeds, locomotion, and behavior. Horses are adapted to run, allowing them to quickly escape predators, and po ...
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Gambling In Massachusetts
Legal forms of gambling in the U.S. state of Massachusetts include casinos, parimutuel wagering on horse racing, the Massachusetts Lottery, and charitable gaming. The Massachusetts Gaming Commission regulates commercial operations under state jurisdiction. Horse and dog racing Parimutuel wagering on horse racing is allowed at the state's only active racetrack, Plainridge Racecourse. Simulcast wagering on horse and dog races is also offered at Suffolk Downs and Raynham Park, which previously operated as racetracks. Betting on horse and dog racing was legalized in 1934. Suffolk Downs opened in 1935 and was the state's primary site for Thoroughbred racing until it held its last races in 2019. The first dog tracks were Wonderland Greyhound Park and Taunton Dog Track, opened in 1935. They were joined in 1941 by Raynham Greyhound Park. The Taunton track closed in 1981, and its operations were absorbed into the Raynham track, which became known as Raynham-Taunton Greyhound Pa ...
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Leaseback
Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by national governments to territorial assets; prior to the Falklands War, the government of the United Kingdom proposed a leaseback arrangement whereby the Falklands Islands would be transferred to Argentina, with a 99-year leaseback period, and a similar arrangement, also for 99 years, had been in place prior to the handover of Hong Kong to mainland China. Leaseback arrangements are usually employed because they confer financing, accounting or taxation benefits. Leaseback arrangements After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller ...
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Raynham, Massachusetts
Raynham () is a town in Bristol County, Massachusetts, United States, located approximately south of Boston and northeast of Providence, Rhode Island. The population was 15,082 at the 2020 census. It has one village, Raynham Center. History The area that is now Raynham was settled in 1639 as a part of Taunton, and was founded by Elizabeth Pole, the first woman to found a town in America. It was to that area three years earlier that Roger Williams, proponent of separation of church and state, of paying Indians for land acquired and abolishing slavery, had escaped, traveling 55 miles during a January blizzard. He was fleeing a conviction for sedition and heresy of the General Court of Salem, and it was here that the local Wampanoags offered him shelter at their winter camp. Their Sachem Massasoit hosted Williams for the three months until spring. In 1652, bog iron was found along the Two Mile (Forge) River. Soon after, the Taunton Iron Works was established by residents Ja ...
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Greyhound Racing
Greyhound racing is an organized, competitive sport in which greyhounds are raced around a track. There are two forms of greyhound racing, track racing (normally around an oval track) and coursing; the latter is now banned in most countries. Track racing uses an artificial lure (usually a form of windsock) that travels ahead of the greyhounds on a rail until the greyhounds cross the finish line. As with horse racing, greyhound races often allow the public to bet on the outcome. In many countries, greyhound racing is purely amateur and solely for enjoyment. In other countries, particularly Australia, Ireland, the United Kingdom, and the United States, greyhound racing is similar to horse racing in that it is part of the gambling industry. Animal rights and animal welfare groups have been critical of the welfare of greyhounds in the commercial racing industry for many years which has contributed to the reforms of the industries in recent years. A greyhound adoption movement spe ...
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Leominster, Massachusetts
Leominster ( ) is a city in Worcester County, Massachusetts, United States. It is the second-largest city in Worcester County, with a population of 43,782 at the 2020 census. Leominster is located north of Worcester and northwest of Boston. Both Route 2 and Route 12 pass through Leominster. Interstate 190, Route 13, and Route 117 all have starting/ending points in Leominster. Leominster is bounded by Fitchburg and Lunenburg to the north, Lancaster to the east, Sterling and Princeton to the south, and Westminster to the west. History The region was originally inhabited by various divisions of the Pennacook or Nipmuc Native Americans, who lived along the Nashua River. The river provided fertile soil for the cultivation of corn, beans, squash and tobacco. European settlers began arriving in the mid-17th century and in 1653, the area of Leominster - which takes it name from the Herefordshire town of Leominster in England, was first founded as part of the town of Lanca ...
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Cordish Company
The Cordish Companies (previously The Cordish Company) is a U.S.-based real estate development and entertainment operating company with its headquarters on the 6th floor of the Pratt Street Power Plant in Baltimore, Maryland. It was founded in 1910 by Louis Cordish. In 1933, his son Paul L. Cordish joined the business. Then in 1968, Paul’s son David S. Cordish joined the firm and currently serves as its chairman and CEO. As of 2014, all three of David’s sons, Jonathan, Blake, and Reed Cordish, served as Vice Presidents of The Cordish Companies with responsibilities over Private Equity Holdings, Real Estate Development and Entertainment Management divisions. The Cordish Companies has experience in the following disciplines of real estate: Commercial Real Estate, Coworking Spaces, Entertainment Districts, Gaming, Hotels, International Development, Private Equity, Residential, Restaurants and Sports-Anchored Districts. The Cordish Companies has been awarded seven ULI Award ...
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Option (finance)
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ...
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