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Wynn Resorts Receives Designation for Massachusetts Gaming License

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Source: Wynn Resorts Ltd.

Wynn Resorts announced today that the Massachusetts Gaming Commission has designated that the company will be awarded 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.

In response to the decision, 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 realized.

"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."


 

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