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US – Wynn Everett wins race for Boston casino

By - 18 September 2014

The Massachusetts Gaming Commission has awarded Wynn Resorts with the gaming license for the Greater Boston region (Region A), contingent on agreement of the conditions imposed by the commission.
Wynn Resorts had been vying with Mohegan Sun for the license.

Wynn Everett is a $1.6bn project that will include a five-star resort with more than 500 rooms, high-end retail and dining, ballroom and meeting space. Situated on 30 acres along the Mystic River, the site will allow for public enjoyment of the waterfront with paths that provide access to the harbor and retail and dining experiences that overlook the river walk.

Steve Wynn, chairman and CEO of Wynn Resorts, stated: “Having participated in this process for two years, we are mindful of the energy and dedication that the Mohegan Sun group brought to the effort. Considering the suspense that attended today’s decision and the high quality of Mohegan’s performance, we understand their disappointment. We nonetheless want to congratulate them on having done a fine job in making their case and we wish them well.

“We’d like to thank the Commission for the thoughtful and exhaustive energy that they have put into the process and we look forward to successfully navigating the program as it goes forward. We are mindful of Judge McHugh’s concerns and grateful for the confidence expressed by Commissioners Cameron, Zuniga and Stebbins and we’ll do our best to ensure that Judge McHugh’s worst fears are not realised.

“We believe that a great deal of the resistance and energy that we experienced in some surrounding communities, and especially with Boston, was directly related to the fact that this was a competition. We expect that now that a decision has been made, everybody will find it much easier to relate to one another, get on with the job of creating jobs and building a better life for the citizens of Everett and the surrounding communities in the Greater Boston area. There is, after all, the potential for enormous benefits made available by this legislation. It would be unreasonable to expect that all of the parties involved will fail to reach for, and accelerate, the realization of those benefits.”

“The trust that the Massachusetts Gaming Commission has placed in us is very much appreciated and valued by all of us at Wynn,” said Robert DeSalvio, Senior Vice President of Development for Wynn.
“This is an amazing project that will have a significant impact on job creation and economic development. Our top priority now is to complete our pre-construction work as quickly as possible and get shovels in the ground. We can’t wait to start building what we know will be a spectacular destination that will draw people from across the globe.

Mohegan Sun slammed the licensing process though saying it was defective and unfair. It urged regulators to reconsider their decision, claiming Wynn was handed more opportunity to correct deficiencies in its proposal in the final day of deliberations.

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