Wynn accused of reneging on $19m deal

Casino developer calls handshake arrangement implausible

By Bruce Mohl Casinos 0 Comments Jun 13, 2018

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(...)

Casino notes: MGM seeks later ‘last call’

Three $1 million ferry boats ordered for Everett casino

By Bruce Mohl Casinos 0 Comments May 24, 2018

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(...)

Gaming Commission: Steve Wynn, Wynn Resorts divorced

Steve Wynn no ‘ordinary citizen,’ but relationship terminated

By Bruce Mohl Casinos 0 Comments May 7, 2018

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(...)

Cost of Everett casino rises another $100m

Wynn Resorts says price tag now set at $2.5b

By Bruce Mohl Casinos 0 Comments Apr 27, 2018

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(...)

Maddox walks a tightrope

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

By Bruce Mohl Casinos 0 Comments Apr 27, 2018

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.”(...)

MGM has no heart for Springfield

Five reasons I'm skeptical about casino firm's commitment

By Michael Albano Casinos 0 Comments Apr 26, 2018

THE RECENT NONDENIAL by MGM Resorts International of the report by the Wall Street Journal that the casino company is considering a purchase of the under-construction Wynn Boston Harbor and the sale of its nearly completed Springfield casino should come as no surprise to anyone. MGM has never had a heart for Springfield. It all(...)

Mohegan, Wynn casinos rumble in the background

As Everett casino struggles with suitability, what’s the end game of CT rival?

By Bruce Mohl Casinos 0 Comments Mar 29, 2018

AS THE MASSACHUSETTS GAMING COMMISSION tries to decide whether Wynn Resorts remains suitable to retain its casino license, the two antagonists in the original battle for the license are sparring with each other again. Mohegan Sun, which lost out to Wynn Resorts in 2015, is suing the Gaming Commission in court trying to overturn the(...)

Sports betting could be next gambling frontier

Gaming Commission lays out the pros and cons for lawmakers

By Colin A. Young MA Gaming Commission 0 Comments Mar 1, 2018

STATE HOUSE NEWS SERVICE WAGERS MIGHT GENERATE between about $9 million and $61 million in state tax revenue if lawmakers decide to make sports betting legal in Massachusetts, the Gaming Commission said Thursday in a white paper that mapped out how the Legislature might think about introducing another new form of gaming in the Bay(...)

A campaign that may be all about nuance

The Wynn controversy highlights differences between Capuano and Pressley

By Andy Metzger Casinos, National Politics 0 Comments Feb 19, 2018

STATE HOUSE NEWS SERVICE ON THE BANKS of the Mystic River, workers have been building a structure envisioned by Steve Wynn, the casino magnate who recently relinquished control of his global resort empire after the Wall Street Journal reported he pressured employees into sex. The jobs stemming from the site are the foremost concern for(...)

Wynn: No plans to sell company stock

Action could affect review by Mass. regulators

By Bruce Mohl Casinos 0 Comments Feb 9, 2018

STEVE WYNN told Wynn Resorts on Friday that he has no “immediate plans” to sell shares he owns in the company, according to a company filing with the Securities and Exchange Commission. Wynn, who resigned as CEO and chairman of the company earlier this week in the wake of allegations that he engaged in sexual(...)