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Boston Mayor and Casino Mogul Discuss Everett Casino at ‘Productive’ Meeting

Boston Mayor and Casino Mogul Discuss Everett Casino at ‘Productive’ Meeting

A day or two after a judge ruled against Boston’s legal work to avoid gambling operator Wynn Resorts from developing a $1.7-billion casino resort on the Everett waterfront, City Mayor Martin Walsh and casino mogul Steve Wynn discussed the situation behind closed doors, with Mr. Wynn calling the talks quite ‘helpful.’

The gambling business was awarded certainly one of three licenses for fully-fledged casinos in Massachusetts within the autumn of 2014. Ever since then, Mayor Walsh and Mr. Wynn were quarreling within the proposed project. The casino mogul desires to build a 24-story curved glass framework that would feature gambling options, along with accommodation, meals and beverage, and retail people.

Following the hour-long meeting between Mayor Walsh and Mr. Wynn, Michael Weaver, a spokesperson for the casino company, stated that the talks were ‘helpful’ and ‘productive.’ Yet, no contract ended up being reached on Tuesday.

Mayor Walsh stated after the meeting which he had been relatively optimistic about sooner or later reaching an agreement that is mutually beneficial Mr. Wynn. The mayor explained that the 2 events are working on common objectives and that the last meeting had been an extremely productive one.

Yet, Boston’s top official is not likely to stop opposing the construction associated with the casino. He told regional media that it’s his priority that is top to the interests associated with the town’s residents, particularly the ones that live in the Charlestown neighbor hood. Read more…

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11 Jan 2020

MGM Springfield Provides MassGaming with Details on Casino Project Modifications

MGM Springfield Provides MassGaming with Details on Casino Project Modifications

Officials for MGM Springfield provided on the Massachusetts Gaming Commission with details about the proposed changes to the $950-million hotel and casino resort the gambling operator is building in downtown Springfield thursday.

The stated customizations consist of the replacement of a 25-story glass hotel tower by having a 6-story structure and a 9% lowering of the project’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby plus the four commissioners that if approved, the said changes would boost efficiency, satisfy client needs, and eliminate unneeded room.

Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally provided state gambling officials with increased information about the $150-million escalation in costs. Based on the plan that is initial the construction of this MGM Springfield casino resort could have cost $800 million. After the design modifications and other matters that are related the gambling operator has become anticipated to invest an approximate of $950 million.

Mr. Stratton explained that the costs consist of $614 million for construction and furnishings, and more than $335 million for different land improvements, application and permit fees, host community agreements, and many more.

During the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in expenses was a severe matter and that he expected more comprehensive information about it. Read more…

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10 Jan 2020