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Connecticut gambling giant Mohegan Sun has agreed to join a Suffolk Downs casino bid in Revere, filling a hole created last month when Suffolk Downs dropped Caesars Entertainment from the gambling venture.
Officials for Suffolk Downs and Mohegan Sun settled the terms of a deal Tuesday, after intense negotiations, according to two people with knowledge of the agreement. Barring some unexpected setback, the deal will be formalized and signed Wednesday morning and then publicly announced.
The new partners came together as each was seeking a second chance to win a Massachusetts resort casino license.
On Nov. 5, voters in Palmer narrowly rejected a $1 billion Mohegan Sun casino proposal, after the company had spent several years pitching its plans and trying to build support.