Cordish pledges to stay in slots sweepstakes after setback in Boxborough

They struck out in Boxborough, but The Cordish Companies pledge to remain in the contest for development rights to Massachusetts’s single slot parlor, a company executive said today.

Cordish had proposed renovating a Holiday Inn off Interstate 495 in tiny Boxborough into a $200 million boutique hotel and slot complex.

But town selectmen on Monday squashed the plan, voting 4-1 against entering into negotiations with Cordish, which leaves the company only one realistic option — moving on to another community.

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“We have other options we have been exploring and will continue to compete vigorously for the [slot parlor] license,” said Joe Weinberg , Cordish managing partner, in an email Monday.

Cordish is one of four companies seeking the state’s sole slot parlor license. The others projects are proposed in Plainville, Raynham, and Worcester.