Wynn bullish on Everett casino potential
Cites air connections to world capitals out of Logan
STEVE WYNN said on Thursday that he remains bullish about the potential of the proposed Wynn Resorts casino and hotel in Everett, in part because Boston has so many air connections to the world’s capitals.
In a conference call with financial analysts, the colorful chairman of Las Vegas-based Wynn Resorts ticked off the direct flights between Logan International Airport and several Chinese cities. He also said Logan is just 12 minutes from his casino site along the Mystic River in Everett. (Mapquest put the distance between the airport and the casino site at more like 25 minutes.)“All of that makes me feel confident and positive,” said Wynn, who has spent more than $95 million of his own money buying up shares in Wynn Resorts since December. He currently owns more than 11 million shares. The company stock closed on Thursday at $59.69 a share, up from the 52-week low of $49.95 last month but well below the 52-week high of $160.41.
“I like the company’s long-term prospects,” Wynn told one analyst who asked about his purchases.