MA Casino Developments

Bergeron37: who is "richard" ? (I don't recall anyone with that name in this discussion)
 
Ron Newman said:
Bergeron37: who is "richard" ? (I don't recall anyone with that name in this discussion)
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Think of a common nickname for someone named "Richard." Bergeron37 is using a device commonly used by one of the local sports radio hosts to get around broadcast standards and practices :)
 
Noted. (I listen to sports radio stations only when they are broadcasting games live.)
 
To clarify, I'm not channeling said sports radio host I have just learned from past forums that dick is normally censored so I have become used to using richard in place of that. Sorry for the confusion

Carry on

edit: I guess I can use dick all I want on AB, excellent
 
Wynn just pulled his bid in Philadelphia and there have been rumors that he is very close to doing the same with Everett.
 
Bergeron37 said:
Wynn just pulled his bid in Philadelphia and there have been rumors that he is very close to doing the same with Everett.
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Sometime back I posted a theory that Wynn might not be serious about Foxboro/Everett. I remembered when he came to Conn. a few years back to build a casino in Hartford. In hindsight, the whole effort looked like a ploy to throw the newly opened Foxwoods off its game and perhaps make some financially questionable deals with the state to keep Wynn out. A short time later, Foxwoods agreed to give the state a quarter of their gross slot handle on the condition that no other casino be allowed to enter the state and Wynn was never heard from again. (Foxwoods modified their agreement to allow Mohegan Sun a year later. Don't ask me why.)

Wynn's courting of Everett could have been a strategic move to keep Ceasars - his largest competitor - out of the northeast and damge their reputation. Now that those objectives have been reached, the only thing keeping here would be an un-yielding ambition to build a casino in Everett, Mass.
 
I think Building a casino near Boston will be very lucrative for a casino investor and operator.
 
jdrinboston said:
Sometime back I posted a theory that Wynn might not be serious about Foxboro/Everett. I remembered when he came to Conn. a few years back to build a casino in Hartford. In hindsight, the whole effort looked like a ploy to throw the newly opened Foxwoods off its game and perhaps make some financially questionable deals with the state to keep Wynn out. A short time later, Foxwoods agreed to give the state a quarter of their gross slot handle on the condition that no other casino be allowed to enter the state and Wynn was never heard from again. (Foxwoods modified their agreement to allow Mohegan Sun a year later. Don't ask me why.)

Wynn's courting of Everett could have been a strategic move to keep Ceasars - his largest competitor - out of the northeast and damge their reputation. Now that those objectives have been reached, the only thing keeping here would be an un-yielding ambition to build a casino in Everett, Mass.
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While I see your point, I don't believe that is the case here. He has expressed his interest in Everett for a while and has spent millions and millions of dollars already towards the project. I know he is a billionaire and millions are like pennies to him, but if he were to win that license it would be without a doubt the highest grossing casino project in MA, I don't think he would pass that up just as a ploy to damage his competition.

The real reason would be his disagreements with the MGC at this point. Every day that passes where he is not approved makes me believe mores and more that they will not find him suitable. He won't let that happen, he will pull his bid before the commission announces he is not suitable so as to save his reputation elsewhere.
 
TheRifleman said:
I think Building a casino near Boston will be very lucrative for a casino investor and operator.
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Exactly, Wynn is technically in the best position right now aside from the fact that he is not found suitable yet. If you can win the Region A license, you will have the most lucrative development in the state and possibly New England.
 
Bergeron37 said:
Exactly, Wynn is technically in the best position right now aside from the fact that he is not found suitable yet. If you can win the Region A license, you will have the most lucrative development in the state and possibly New England.
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I don't believe Wynn is sold on Everett's site in the end. Maybe he should just buy Malden Square since the orange line roles right in there.
 
Bergeron37 said:
Wynn just pulled his bid in Philadelphia and there have been rumors that he is very close to doing the same with Everett.
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Sounds to me like nothing more than a not so thinly veiled threat aimed at speeding up the state gambling commission's approval process. As inept as our state gov't is, they will find a way to insure that Wynn is approved less they have egg all over their faces if their drawn out multi-year "process" in the end results in zero qualified operators from the Eastern casino license (I am assuming Milford voters vote "no"). They won't let that happen.
 
TheRifleman said:
I don't believe Wynn is sold on Everett's site in the end. Maybe he should just buy Malden Square since the orange line roles right in there.
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Riff - I kinda hate to waste my 3,000 Post on something this trivial -- BUT

You anti-casino folks are proverbially "whistling past the graveyard"

Steve Wynn is as serious about WynnEverett as the site for a Casino as he was when he bought the old Desert Inn as the site for the eponymous Wynn Las Vegas [almost redundant with him] or when he bid for 1/3 casinos in Macau to build the Wynn Maccau

He Signs his buildings --- there is no doubt whose building you are seeing from a distance -- for certain approaches and departures from Logan the air traffic will fly right by the Wynn on the Mystic -- you can hardly do better advertising-wise

and -- he doesn't quit until he gets what he's trying to achieve so if the deal with Kraft diddn't pan-out then the deal with Everett is Plan B

by the way -- when you go to his web site
http://wynnlasvegas.com/

if you get lost -- you don't try to click on home [it doesn't exist] -- you click on [WYNN] -- as you do when you want to read WYNN Magazine]
wynn-magazine.jpg


or of course to find the other Wynn Resorts
hero01.jpg
 
It would make NO sense for Wynn to withdraw before he even knows the outcome of the upcoming Milford referendum.
 
BosDevelop said:
...As inept as our state gov't is, they will find a way to insure that Wynn is approved less they have egg all over their faces if their drawn out multi-year "process" in the end results in zero qualified operators from the Eastern casino license (I am assuming Milford voters vote "no"). They won't let that happen.
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I disagree. I think the MGC would be in a pretty powerful spot if they had the stones to say "Nope, none of you were good enough. Go back and try again." It would show that they actually want to do this right, not just quickly.
 
If win backed out, what would stop Everett from putting the approved site up to bid to one of the 4 approved companies to build with the same basic plan? If anything it would probably get Everett more money. Doesn't Wynn only have an option on the land?

(This all seems like pure speculation at this point)
 
Everett currently has a basic plan for the Lower Broadway area. They intend to remove some of the industrial in the area and replace it with residential/retial/commercial.

http://www.ci.everett.ma.us/Everett_files/commdevelop/index.htm

The casino area is proposed as mixed use, so it seems like Wynn is just one option for the area, and if it doesnt happen, Everett will try to find some other developement for that area, whether its a casino or an actual mixed use.
 
Took a ride by the site in Everett last night, you cant get close to the actual land but the area itself is really ugly...that site will prob sit vacant for the next 50 years if Wynn doesn't clean it up and build a casino. Not sure how they would mitigate transit issues here but right now there's nothing.

It seems like Suffolk downs/wonderland has much more potential for other mixed uses simply because they aren't polluted.
 
Do you know how contaminated that land is? It took an extra 10 years to build that strip mall with Home Depot, Target, Fridays, Texas Road House to replace the land fill.
Wynn has got his hands full on this site. He will ask for tax breaks on this project and I can’t blame him on this one.

Major Issues for site
Land Contaminated
Traffic Infrastructure
Water Polluted

these 3 major issues might cost a billion for the taxpayers

Not sure why Monsanto was not responsible for cleaning up this land after they destroyed it? EPA anybody?
 
617 said:
Took a ride by the site in Everett last night, you cant get close to the actual land
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Is it fenced off now? I thought you could walk right onto it from Chemical Lane, or Horizon Way, or whatever is the actual official name of that side street off 99.
 
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