Richard Fields
Richard Fields is the largest shareholder of Suffolk Downs, the historic race track in Massachusetts famous for the MassCap. Richard Fields plans to revive thoroughbred racing in New England by marketing the sport to a younger generation of horse lovers and revitalizing the Massachusetts Handicap, initially with the help of his own funds. Richard Fields also hopes to encourage visitors to Suffolk Downs by turning the historic racing location into a fully integrated casino and entertainment resort.
Richard Fields is also the Chairman of Coastal Development LLC, a resort and casino property development company. Through Coastal Development LLC, Richard Fields acquired the Seminole Hard Rock Hotel and Casino in Tampa, Florida and Hollywood, Florida, now some of the most successful resort casino properties in North America. In 2008, Coastal Marina, a subsidiary of Coastal Developments, LLC, acquired the Trump Marina Hotel in Atlantic City from Trump Entertainment Resorts.
Richard Fields Buys Largest Interest in Suffolk Downs
Press Release Excerpt: 4/2/2007
Coastal Development Massachusetts, a development company headed by Richard Fields, has acquired a significant interest in Sterling Suffolk Racecourse, which owns and operates Suffolk Downs in Massachusetts. The acquisition makes Coastal Development the largest shareholder in Sterling Suffolk Racecourse.
As chairman and founder of Coastal Development, Fields successfully co-developed the Seminole Hard Rock Casino and Hotel Projects in Tampa and Hollywood, Fla., respectively, with the Cordish Company. He also is a member of Excelsior Racing Associates, which has submitted a bid to operate Aqueduct, Belmont Park, and Saratoga in New York.
In addition to Fields, Sterling Suffolk Racecourse’s primary shareholders include partnerships controlled by Joe O'Donnell, the chairman of Boston Culinary Group; Vornado Realty Trust; and Hall Properties.
"Richard Fields' investment in Suffolk Downs is a positive development for horseracing in Massachusetts," Suffolk Downs president John Hall said. "He is an avid horseman who brings extraordinary enthusiasm for racing as well as considerable expertise in gaming and development."
Rest of the Press Release at Bloodhorse Magazine: Fields Buys Largest Interest in Suffolk Downs
Suffolk Downs
Visit the Suffolk Downs website for information about the Suffolk Downs race track in New England, home of the Massachusetts Handicap.
Jackson Land & Cattle
Visit the website for Jackson Land and Cattle to learn about the American quarter horses owned by Richard Fields and for information about Western horse sport competitions.