It was a good run for Wynn Resorts, the gambling behemoth that landed the big prize in the state’s casino sweepstakes when it was awarded the one license to run a casino (i.e., print money) in the Boston region.
But as the company moguls well know, luck is fickle thing. Indeed, their entire business model is run on the firm knowledge that patrons will ultimately experience net deficit of it. The question now: Could that immutable law become Wynn’s fate?
It turns out the company’s founder, Steve Wynn, had a penchant for grabbing more than just the losses of those flooding his many casinos. His Trump-like way with women led to a great fall, with the one-time casino king sent packing from the company that bears its name. Call it matter of cutting your losses.
The problem for Wynn Resorts is that Massachusetts established a very strict fitness and character provision in its gambling legislation, terms that caused a Wynn rival for the Boston license to be disqualified based on questions about a one-time business partner it had. With Steve Wynn now shown the door, the company is even signaling a willingness to consider airbrushing him entirely from the whole venture by removing the Wynn name from the $2 billion casino rising alongside the Mystic River in Everett.
With that excision, the company’s line to Massachusetts regulators presumably will then be, “Nothing to see here.”
But is it that simple? The Wall Street Journal, which first reported in January on allegations of Steve Wynn’s decades-long history of sexual harassment and assault, reported last week that Wynn’s escapades were well-known in — and enabled by — the company hierarchy. That’s a problem for the Everett casino, which state gambling commission chairman Steve Crosby has said the company is now building “on an at-risk basis.”
Meet the Author
Executive Editor, CommonWealth
About Michael Jonas
Michael Jonas has worked in journalism in Massachusetts since the early 1980s. Before joining the CommonWealth staff in early 2001, he was a contributing writer for the magazine for two years. His cover story in CommonWealth's Fall 1999 issue on Boston youth outreach workers was selected for a PASS (Prevention for a Safer Society) Award from the National Council on Crime and Delinquency.
Michael got his start in journalism at the Dorchester Community News, a community newspaper serving Boston's largest neighborhood, where he covered a range of urban issues. Since the late 1980s, he has been a regular contributor to the Boston Globe. For 15 years he wrote a weekly column on local politics for the Boston Sunday Globe's City Weekly section.
Michael has also worked in broadcast journalism. In 1989, he was a co-producer for "The AIDS Quarterly," a national PBS series produced by WGBH-TV in Boston, and in the early 1990s, he worked as a producer for "Our Times," a weekly magazine program on WHDH-TV (Ch. 7) in Boston.
Michael lives in Dorchester with his wife and their two daughters.
About Michael Jonas
Michael Jonas has worked in journalism in Massachusetts since the early 1980s. Before joining the CommonWealth staff in early 2001, he was a contributing writer for the magazine for two years. His cover story in CommonWealth's Fall 1999 issue on Boston youth outreach workers was selected for a PASS (Prevention for a Safer Society) Award from the National Council on Crime and Delinquency.
Michael got his start in journalism at the Dorchester Community News, a community newspaper serving Boston's largest neighborhood, where he covered a range of urban issues. Since the late 1980s, he has been a regular contributor to the Boston Globe. For 15 years he wrote a weekly column on local politics for the Boston Sunday Globe's City Weekly section.
Michael has also worked in broadcast journalism. In 1989, he was a co-producer for "The AIDS Quarterly," a national PBS series produced by WGBH-TV in Boston, and in the early 1990s, he worked as a producer for "Our Times," a weekly magazine program on WHDH-TV (Ch. 7) in Boston.
Michael lives in Dorchester with his wife and their two daughters.
Yanking the company’s license and forcing it to sell off its half-built gambling palace, where thousands of construction workers are now employed, would be a huge disruption. “It will be ugly, and costly, and hard,”
writes Globe columnist
Yvonne Abraham. “But the Gaming Commission must do it. Or else concede that its high standards no longer apply once shovels hit the ground.”
It seems inarguable that Wynn would not have received the license if the state commission knew then what it knows now. They have a tough hand to play.
SHARE
