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EASTERN SNAGS GAMING COMMISSION BANKING

The Massachusetts Gaming Commission is transitioning its depository banking to Eastern Bank, which could be entrusted with accounts worth up to $300 million once casinos open.

The commission told the News Service its depository accounts are valued at about $110 million a year, but will grow to $250 million to $300 million once casinos are opened. Depository operations include taxes on gaming revenue, licensing and horse racing fees, and annual assessments on casino licensees.


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State House News Service