According to a report, the Massachusetts Senate has voted in favour of a bill that will authorize three casinos and one racino to be licensed in the state

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The article states that the racino license would come at a cost of $25 million, while bidders for the three casino licenses are going to have to pony up $85 million each.

Also, the success casino applicants would then have to spend a minimum of $500 million on their respective casino complexes.

Massachusetts Governor Deval Patrick is expected to receive the bill soon.

(With files from gamingtoday.com)