Richard Fields has a background in the entertainment industry and is Chairman of Coastal Development, LLC which finances and develops resort properties, entertainment venues, and casino gaming facilities.Fields
co-developed the Seminole Hard Rock Casino and Hotel with locations in Tampa and Hollywood, Florida.
The casino resorts, which opened in early 2004, are among the most successful in North America.
In Spring 2007, Richard Fields, through an affiliate, became the largest shareholder of Sterling Suffolk Downs, the historic New England racetrack which opened in 1935, hosting Hall of Fame horses such as Seabiscuit, Whirlaway and Cigar.
Under his leadership, Suffolk Downs announced the return of the historic Masscap and the largest on-site handle ever at the track on Opening Day 2007.
The New England Turf Writer's Association recognized Fields' efforts with the Lou Smith Memorial Award.
Richard Fields owns and operates Jackson Land and Cattle, a working horse and cattle ranch in Wyoming.
A devoted rancher and conservationist, he actively supports the American Quarter Horse Association through the AQHA Youth Assistance Program and serves on the Board of Farm Aid.He enjoys riding in his spare time.
In December 2005, Richard Fields established the Fields Family Foundation, a non-profit organization which provides on-going support and resources to a variety of charitable organizations.
Mr. Klein began working with Richard Fields in 1987 and joined Coastal Development, LLC in 2006 as its Chief Operating Officer.
We have worked hard and invested much over the last several years to ensure the legacy of New England's last active Thoroughbred racing venue and to protect the family of workers who make their living here," said Richard Fields, principal owner of Suffolk Downs.
"We have been steadfast in our commitment to Thoroughbred racing and this plan illustrates the broad range of racing-related improvements that will greatly enhance the experience of our customers while also appealing to our horsemen and women who work and compete here," said Richard Fields, principal owner of Suffolk Downs, the lone remaining Thoroughbred racetrack in New England.
Richard Fields and Charles Sarkis Form Racing Partnership | NewsBits | NewsBits
Richard Fields and Charles Sarkis Form Racing Partnership
The sports of horse and greyhound racing, as well as the people behind them, just got a boost as two familiar racing facilities in Boston teamed up.
Suffolk Downs, home of the Massachusetts Handicap (MassCap), and Wonderland Greyhound Park, formed a partnership to save the sports and the thousands of people who depend on horse and greyhound racing.
Though discussions to formally create a joint venture started as early as two years ago, the principal owners of both facilities encountered several issues that halted the negotiations.
Businessman and philanthropist Richard Fields, who is Suffolk Down's majority and principal owner, and Charles Sarkis of Wonderland Greyhound Park however, finally agreed on the terms of their partnership.
Richard Fields is adamantly against slaughtering retiring racehorses and believes in alternative options for these hardworking animals.
Animal rights agencies are happy to have found a champion for the welfare of horses.
Aside from horse racing activities, Richard Fields also has other business engagements.
As the chairman of the Coastal Development, LLC, Fields is heavily involved in resort and casino development and management and in hotel construction.
One of his popular projects is his co-development of the Seminole Hard Rock Hotel and Casino in Florida.
An active philanthropist, Richard Fields established The Fields Family Foundation, a non-profit organization.
People To Watch 2009 | People To Watch 2009 | Casino Connection Atlantic City
As a show of good faith, Fields upped his advance payment from $15 million to $17 million, and the $15 million is already in Trump coffers.
During the current credit crunch, it's difficult for even the largest gaming companies to get financing, so it's not surprising that Fields can't confirm that the funds have been lined up for this purchase.
At one point, Fields said he had arranged to get the money, but when the price reduction was announced, a spokesman said that Fields "believes it will be there when needed."
Making the deal even more complicated is the tie-in to a lawsuit settlement between Donald Trump and Fields.
Trump had accused Fields of misleading him in the development of casinos for the Seminole tribe in Florida.
While Fields was eventually involved in the transaction (Cordish Company worked with the tribe to build two Hard Rock casinos in Hollywood and Tampa), Trump contended that Fields cheated him out of the deal.
Finally, Fields must navigate the regulatory approval process in New Jersey.
Thank You for Downloading!
1. Download ZoomInfo Grow
2. Run Installation Wizard
3. Check your inbox to Sign in to ZoomInfo Grow