Action by Suffolk Downs’ owners this week brings them a step closer to building a casino that could employ Revere residents and expand nearby small business opportunities, stated the president with the Revere Chamber of Commerce.

“I’m feeling good about it; jobs would be the big plus,” mentioned Robert Upton of Suffolk’s initial gaming license application.

Upton said Suffolk’s casino proposal is essential since Revere historically relied on the Suffolk and Wonderland racetracks and Revere Beach to attract out-of-town guests interested in spending funds locally.

In a statement released Monday, Suffolk representatives stated they transacted “the initial part” of their gaming licensing application using the state.

Suffolk’s owners, in accordance with the statement, are prepared to “provide updates on possibilities for neighborhood firms, public safety programs and regional tourism initiatives.”

“It’s an thrilling time for Revere and surrounding communities,” Upton said.

Suffolk’s owners are looking for a gaming license in the state Gaming Commission to operate a resort casino with its partner, Caesars Entertainment. Track executives final June unveiled a $1 billion proposal that included initial plans to create a casino and hotel at the horse track.

Their program includes hiring two,500 union construction workers to make the casino and hiring four,000 casino workers. The proposal also calls for the casino to function 200,000 square feet of gaming space, in line with the statement, such as 4,000 to 5,000 slot machines, 200 table games and up to ten restaurants at the same time as entertainment.

“This is an financial development initiative which will set the common for gaming development in Massachusetts, and can generate thousands of new jobs with genuine career paths and room for advancement,” Suffolk principal owner Richard Fields mentioned.

Suffolk Chief Operating Officer Chip Tuttle last June said the track was a year away from receiving a licensing choice from the state. Track owners final August paid the state a $400,000 application fee as well as the application filed this week listed Fields, Tuttle and other essential men and women involved in the casino project, like Caesars executive Gary Loveman.

Revere Mayor Daniel Rizzo final week said city officials strategy to finish operate on a host agreement among the city and Suffolk Downs later this month. The agreement will spell out ways the casino will benefit Revere.

“It will have enormous impacts around the city,” he stated.

City Councilor at big Brian Arrigo noted that agreements forged by other communities hosting casinos spell out how much income the community receives in the casino, including an annual, bottom line payment plus a revenue percentage.

Arrigo said a payment arrangement is vital to Revere because the revenue the city receives from Suffolk will offset home, room and meals tax payments the casino pays towards the city of Boston. Once he releases the agreement, Rizzo mentioned he will ask Arrigo and fellow councilors to schedule a citywide referendum vote approving or rejecting a Suffolk casino.

Arrigo wants neighborhood residents and officials to possess plenty of time to evaluation a host agreement.

“I’ll advocate for 90 days. A great deal of discussion on no matter whether or not there’s a casino is based around this agreement,” he mentioned.