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The Boston Globe

Metro

Funding uncertain in Milford casino bid

Another major gambling company has run into difficulty in Massachusetts as state investigators revealed Wednesday that they could not complete their background check of the Foxwoods-backed casino proposal in Milford because it has yet to identify a major source of its funding.

The Milford partnership said it is in final negotiations with two entities that could provide the needed 55 percent of equity funding, and promised an announcement soon.

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