Gambling

Wynn accused of reneging on $19m deal

Rolling the Dice

Wynn accused of reneging on $19m deal

Casino developer calls handshake arrangement implausible

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THE DRAMA SURROUNDING the Wynn Resorts casino took another odd turn when one of the former owners of the Everett property on which the facility is being built alleged that Wynn reneged on a handshake deal to pay him nearly $19 million in return for essentially accepting a lower sales price. Anthony Gattineri, one of(...)

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Casino notes: MGM seeks later ‘last call’

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Casino notes: MGM seeks later ‘last call’

Three $1 million ferry boats ordered for Everett casino

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THE MASSACHUSETTS GAMING COMMISSION is treading cautiously with a request from MGM Resorts to serve alcohol until 4 a.m. on the gambling floor of its soon-to-open Springfield casino. MGM is attempting to take advantage of a change in state law approved last year that allows casinos, subject to the approval of the Gaming Commission, to(...)

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All bets are on

All bets are on

Legalized sports betting may be on its way to Massachusetts

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Way back in 2005, when casino gambling in Massachusetts was still just a twinkle in Bob DeLeo’s eye, Gary Loveman, the Harvard Business School prof-turned-casino-pitchman regaled the region’s business bigs at a downtown luncheon of the Boston College Chief Executives’ Club. Loveman, then the chief executive of Harrah’s Entertainment, talked with the unbridled confidence of(...)

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All bets are on

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Way back in 2005, when casino gambling in Massachusetts was still just a twinkle in Bob DeLeo’s eye, Gary Loveman, the Harvard Business School prof-turned-casino-pitchman regaled the region’s business bigs at a downtown luncheon of the Boston College Chief Executives’ Club. Loveman, then the chief executive of Harrah’s Entertainment, talked with the unbridled confidence of(...)

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Making book on Beacon Hill

Making book on Beacon Hill

Supreme Court ruling on sports betting ban opens door for state to cash in

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MONDAY’S RULING FROM the U.S. Supreme Court that states are free to legalize sports betting opened the door to the possibility of a further expansion of gaming in Massachusetts, a topic Gov. Charlie Baker is planning to talk about with legislative leaders Monday afternoon. The decision in Murphy v. National Collegiate Athletic Association, which the(...)

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Gaming Commission: Steve Wynn, Wynn Resorts divorced

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Gaming Commission: Steve Wynn, Wynn Resorts divorced

Steve Wynn no ‘ordinary citizen,’ but relationship terminated

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WYNN RESORTS CLEARED an initial hurdle on Monday in seeking to hang on to its casino license in Massachusetts, securing confirmation from the state Gaming Commission that Steve Wynn no longer plays any role in running the company named after him. The decision was expected, since Steve Wynn, after allegations of sexual misconduct surfaced against(...)

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Cost of Everett casino rises another $100m

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Cost of Everett casino rises another $100m

Wynn Resorts says price tag now set at $2.5b

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EVEN AS WYNN RESORTS is fighting to retain its Massachusetts casino license, the cost of the Everett project keeps on rising. At a hearing before the Massachusetts Gaming Commission on Friday, Wynn Resorts officials said the expected price tag of the project was now $2.5 billion. That means the cost has increased another $100 million(...)

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Maddox walks a tightrope

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Maddox walks a tightrope

Calls Wynn brand strong even as he seeks name change for Everett casino

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WYNN RESORTS CEO MATT MADDOX walked a tightrope on Friday before the Massachusetts Gaming Commission, telling the commissioners that the Wynn brand remains strong after the departure of the company’s namesake while informing them that the firm would like to change the name of its Boston casino to Encore Boston Harbor due to “cultural sensitivity.”(...)

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Hustle up Gaming Commission

Hustle up Gaming Commission

No decision yet on the opening of a Wynn Resorts casino in Everett

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It may be time for the Massachusetts Gaming Commission to make up its mind about the suitability of Wynn Resorts to open a casino in Everett because the uncertainty is starting to take a toll. Wynn CEO Matt Maddox hosted a conference call with financial analysts on Tuesday after the release of the company’s first(...)

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