State regulators have vetted and approved the owners and investors of a resort casino proposed for the Brockton Fairgrounds.

The Massachusetts Gaming Commission determined on Wednesday that the development team is able to move forward in the state gambling license process.

The commission's staff released a roughly 70-page report detailing their review of financial statements and criminal and personal information for the some two dozen individuals and entities associated with the project.

The development team includes Mass Gaming and Entertainment, a subsidiary of Chicago-based Rush Street Gaming, as well as an investment group founded by George Carney, the owner of the fairgrounds.

The developers propose a $650 million resort on roughly 45 acres.

The Brockton project is competing with two other proposals for Massachusetts' third and final resort casino license.