Casinos

Wynn interested in buying Everett T facility

Wynn interested in buying Everett T facility

Las Vegas developer keen on acquiring property around casino

WYNN RESORTS IS INTERESTED in purchasing a massive MBTA repair facility adjacent to the Everett property where it is building a $2.4 billion hotel and casino, but so far has made no formal offer. Several sources confirmed Wynn and state transportation officials have kicked around the idea of the Las Vegas casino developer purchasing the(...)

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Revisiting one of Walsh’s biggest defeats

Revisiting one of Walsh’s biggest defeats

Walsh lost his battle against Wynn Resorts, but now it seems forgotten

IT’S HARD TO REMEMBER NOW why Boston Mayor Marty Walsh spent a good chunk of his initial two years in office fighting a legal and verbal war with Steve Wynn and the Massachusetts Gaming Commission. At the time, Walsh said he felt Boston was a host community to Wynn’s Everett casino because no one could(...)

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Wynn to spend $90m buying land near casino

Wynn to spend $90m buying land near casino

Wants to make Everett entertainment, convention destination

LAS VEGAS MOGUL STEVE WYNN said he has already spent $75 million buying up property near the Wynn Resorts hotel-casino complex in Everett and plans to spend a total of $90 million. “It’s property that we’re buying so we can turn Everett into a great example in America of how a business can change a(...)

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$12m sitting unused in horse fund

$12m sitting unused in horse fund

Money a concern as racing committee sets ‘split’

STATE OFFICIALS SAID on Wednesday that $12 million is currently sitting unused in a fund that provides purses for horse races. The fund, which relies on gambling revenues that flow to the state, has often been eyed by officials on Beacon Hill looking for money to help balance the budget. So far the money has(...)

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Plainridge pulling gambling money back to Mass.

Plainridge pulling gambling money back to Mass.

Study: 58% of revenue 'recaptured,' 20% from out-of-state

NEARLY 60 PERCENT of the money collected by the Plainridge Park Casino during its first year of operation came from Massachusetts gamblers who previously would have been going out of state to place their bets. A team of researchers from the Donahue Institute at the UMass Amherst estimated on Thursday that $100 million of the(...)

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Watching the games people play

Watching the games people play

State keeps real-time track of every slot machine

SECRETED ON THE 12th floor of 101 Federal Street in Boston’s Financial District is a windowless command center, manned 24 hours a day, seven days a week. Keycard entry is so restricted and the information so sensitive that even top level managers don’t have access. Four big-screen monitors are mounted on the wall with information(...)

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Convictions shouldn’t preclude all casino jobs

Convictions shouldn’t preclude all casino jobs

Finding a legislative fix may make for interesting politics

THE MGM SPRINGFIELD CASINO is scheduled to open late next year, and casino managers are worrying about how they’ll fill all the jobs that will need filling. The big problem: a section of the 2011 casino law that requires the Massachusetts Gaming Commission to prohibit the employment of any casino job applicant who was convicted of(...)

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Feds overreach on Teamsters

The feds came up short again on Tuesday in trying to turn obnoxious or even sleazy behavior into federal crimes. It happened when the US Attorney’s office in Boston tried to make bare-knuckled political patronage at the state’s Probation Department a crime of racketeering and it happened again on Tuesday when a jury rejected a(...)

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Worst casino fears coming to fruition

Worst casino fears coming to fruition

Gambling palaces are dangerous to local communities

IT DIDN’T TAKE LONG for the powerful casino industry to muscle its way into Massachusetts politics. Beginning in the early 2000s, corporate lobbyists began giving unprecedented amounts of money to elected officials on Beacon Hill to convince them to support expanded gambling. By 2009, leadership in the House, Senate, and the corner office all supported(...)

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Wynn changing Everett — for the better

Wynn changing Everett — for the better

Casino will help, not hurt, local businesses

THE MASSACHUSETTS GAMING ACT was enacted by the Legislature in 2011 specifically to create new jobs, generate new tax revenue, and propel local economic growth. The Massachusetts Gaming Commission, the entity created by the Legislature and charged with maximizing the potential for the spinoff economic development potential of this new industry, works hard every day(...)

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