Everett, MA - The Massachusetts Gaming Commission is one step closer to finalizing a gaming license for Encore Boston Harbor, the casino scheduled to open in Everett in June 2019. The commission voted on February 20th to settle the lawsuit brought by the former head of Wynn Resorts, Steve Wynn. Details of the settlement have not been made public and Wynn has yet to accept the terms.
Originally named Wynn Boston Harbor, the casino was re-branded as Encore Boston Harbor following the allegations of sexual harassment against CEO Steve Wynn. Wynn stepped down from his company Wynn Resorts in 2018 after dozens of women came forward with allegations of his sexual misconduct. Wynn has denied the accusations.
- In December 2013, Steve Wynn appeared before the Gaming Commission, telling its members that from Macau to Everett, operating a responsible gaming facility takes 'common sense,' and with his 47.
- SALEM — The Massachusetts Gaming Commission’s vote Tuesday to back mogul Steve Wynn’s casino proposal in Everett dashed the hopes of North Shore leaders who saw a Mohegan Sun project in.
- BOSTON (AP) - Following sexual abuse allegations against casino magnate Steve Wynn, a Massachusetts Gaming Commissioninvestigator said Wednesday information about a $7.5 million settlement was kept.
Suffolk Downs Owner Again Suing Wynn Resorts Over Boston Casino License. Posted on: November 27, 2020, 10:13h. Last updated on: November 27, 2020, 10:26h. EVERETT, MA — Wynn Resorts is eyeing a sale of its Encore Boston Harbor resort and casino in Everett, The Boston Globe first reported Friday. The casino giant and MGM Resorts issued a joint.
In light of the accusations against Steve Wynn, the Massachusetts Gaming Commission began an investigation to reevaluate the casino operator’s suitability to run a casino in the state. The focus of the investigation was whether Wynn Resorts' executive leadership was aware of these allegations against the former CEO at the time that the casino operator submitted its bid to build the Everett casino. Wynn sued the commission for the investigation's use of what he claimed were attorney-client privileged documents, which were given to the commission by Wynn Resorts without his permission.
Given the anticipated tax revenues and thousands of job openings expected at the Everett casino, no one wants to jeopardize the June 2019 opening of Encore Boston Harbor. As highlighted by the Boston Herald, court filings on behalf of the commission stated that a prolonged lawsuit and delayed investigation into the allegations against Wynn “...will almost certainly result in a delay in opening the gaming establishment, in turn delaying 4,500 full-time job opportunities, and depriving (Massachusetts) of millions of dollars in tax revenue every month.” Wynn Resorts has already agreed to pay a fine of an undetermined amount for the role that the casino operator played in covering up alleged sexual misconduct by Steve Wynn.
Elaine Driscoll of the Massachusetts Gaming Commission said in a statement that the findings of the investigative report will be available for public review as soon as possible.
Figures are bad but it might be a good time to buy stock
Steve Wynn Casino Everett Mansion
By JOSH RESNEK
For those of you out there who are stock investors – and there are thousands of those in the city of Everett – you should pay close attention to Wynn Resorts stock’s ups and downs.
During the past six months, the stock has moved between $68 to $75 dollars a share.
At $68, there is almost the guarantee at current business income figures, the stock will rise to at least $75.
Getting over $75 has been difficult although that price level has been pierced several times during the past six months – but never for long.
The virus has destroyed Wynn’s business in Macau.
Steve Wynn Casino Everett Mass
The business has come back a bit recently but remains about 80% off from last year’s figures.
Macau is Wynn’s cash cow. Seventy-five percent of its business is generated there.Continue reading Shares swimming upstream against the current