Gambling

Idle horse race funds attracting interest

Idle horse race funds attracting interest

Senate wants to snatch $15m to help balance budget

IT’S DANGEROUS TO LEAVE millions of dollars lying around these days on Beacon Hill. Someone is likely to snatch the money. The state’s Horse Race Development Fund is a case in point.  Set up to sweeten the purses of horse races, the fund draws its revenue from a tax on casino gambling. Harness races in(...)

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Wynn: Building in Boston is expensive

Wynn: Building in Boston is expensive

‘We were surprised. We took a lot of bids’

STEVE WYNN TOLD FINANCIAL ANALYSTS on Tuesday that he has been very surprised at how much it is costing to build his hotel and casino in Everett. As previously reported, the $2.4 billion price tag is up about $300 million since August. But Wynn said the cost wouldn’t be rising anymore. “That’s the end of(...)

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Rosenberg pans casino last call provision

Rosenberg pans casino last call provision

Says casinos relentless in trying to change the rules

SENATE PRESIDENT STANLEY ROSENBERG said on Thursday he was not a fan of a House proposal that could allow Massachusetts casinos to serve alcohol to patrons for an additional two hours – until 4 a.m. Rosenberg, who shied away from discussing other aspects of the House budget at a meeting with reporters, showed no reticence(...)

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A later last call for casinos?

A later last call for casinos?

House budget plan allows drinking until 4 a.m.

THE MASSACHUSETTS GAMING COMMISSION could allow casinos to sell liquor to gamblers an extra two hours – until 4 a.m. – under an outside section of the House Ways and Means budget proposal. Current law bars liquor sales at casinos beyond 2 a.m., which matches existing state law. The House proposal would allow the Gaming(...)

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Court decision opens door to Vineyard casino

Court decision opens door to Vineyard casino

MA loses federal appeal filed by Gay Head tribe

STATE HOUSE NEWS SERVICE A FEDERAL APPEALS COURT on Monday overturned a lower court ruling that had denied the Aquinnah Wampanoag Tribe of Gay Head the right to build a casino gaming facility on Martha’s Vineyard, opening the door to another possible casino in Massachusetts. A US District Court judge in 2015 ruled that the(...)

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Wynn shipping contaminated soil around nation

Wynn shipping contaminated soil around nation

Cleanup of 500,000 tons of toxic dirt from casino site sent to landfills in seven states and Canada

THE CLEANUP OF the Wynn Resorts casino site in Everett is a case of addition through subtraction. Before the Wynn tower could start going up, all of the contaminated soil on the property had to be removed. An estimated 500,000 tons of dirt containing PCBs, arsenic, lead, ash, petroleum products, and asbestos were carted off(...)

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SJC opens casino can of worms

SJC opens casino can of worms

Mohegan Sun can challenge Gaming Commission award to Wynn

THE STATE SUPREME JUDICIAL COURT reopened the casino legal wars on Friday, ruling that Mohegan Sun can challenge the Massachusetts Gaming Commission’s decision in late 2014 to award a license to Wynn Resorts for a $2.4 billion casino in Everett. The ruling plunges the Gaming Commission into uncharted waters, and it’s unclear what would happen(...)

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CT tribes plan casino 13 miles from MA

CT tribes plan casino 13 miles from MA

East Windsor facility designed to blunt impact of MGM Springfield

STATE HOUSE NEWS SERVICE The competition for western New England gambling dollars heated up Monday when the two tribes operating casinos in Connecticut announced their plan to build a third casino about 13 miles from the planned MGM casino in Springfield. With Massachusetts inching closer to opening its first full-fledged casino, the Mashantucket Pequot and(...)

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Wynn casino price tag goes up $300m

Wynn casino price tag goes up $300m

SEC filing says cost estimate approximately $2.4b

WYNN RESORTS DISCLOSED on Friday that the estimated cost of building its Everett casino has risen to approximately $2.4 billion, a $300 million increase from estimates as recently as August. “The total project budget, including gaming license fees, construction costs, capitalized interest, pre-opening expenses and land costs, is estimated to be approximately $2.4 billion,” Wynn(...)

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