Slots Developer, Raynham Selectmen Reach Deal

If Raynham residents and the state gaming board approve, then a deal the Raynham Board of Selectmen reached last night with Raynham Park will make the town $1 million per year from the slots developer, according to the Boston Herald.

The town of Raynham would receive $1 million each year for the first three years before that increased by 2.5 percent per year after that until the 20th year, when the number would be capped at one percent of all gross gaming revenue.

In addition, Raynham Park and their partner Greenwood Racing/Parx, a casino company from Pennsylvania, will pay $100,000 per year for capital improvements and $15,000 each year to improve Rt. 138.

Raynham Park is located right on Rt. 138 not far over the Easton border. The intersection has been an issue for many years, and many Eastonites have had concerns about the possibility of slots coming to the facility.

That possibility just took one giant step forward towards a reality last night.