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The Boston Globe


Suffolk Downs investor Vornado pulls out

One of Suffolk Downs’s largest stakeholders, Vornado Realty Trust, is divesting its 19.9 percent share in the track because its executives are unwilling to submit to the invasive background checks required of all casino license applicants.

The state gambling commission will allow Suffolk Downs to continue its pursuit of casino ­development rights while Vornado attempts to sell its share of the venture. Suffolk Downs insisted that Vornado’s exit from the project will have no impact on the track’s pursuit of the sole Greater Boston casino license.

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