KG Urban Secures Financing For New Bedford Casino

A spokesman for KG Urban Enterprises says the developer has secured financing to continue pursuing a casino license in southeastern Massachusetts.

“KG  today submitted documents to the Commission confirming that we have secured a financing package for the project that  combines funding from a development partner, and equity financing from KG’s own principals.  In addition, Scott Butera, former CEO of Foxwoods, will be joining KG as a partner.  We will be working closely with the Commission to finalize the administrative details of KG’s RFA1 application,” Andrew M. Paven, spokesman for KG Urban Enterprises.

Today was the deadline for Region C applicants to prove financing to the Massachusetts Gaming Commission in order to move on to the next phase of the licensing process.