Steve Wynn Looking At Former Monsanto Chemical Site For Massachusetts Casino
Casino Boss Expected To Visit Site This Week: Report
Billionaire casino developer Steve Wynn is thinking about a new site for a full-scale gambling operation in Massachusetts, the Boston Globe reported Monday.
The potential project comes a handful of months after Wynn and New England Patriots owner Robert Kraft were met with fierce resistance over their Foxborough casino plan. The spot for the latest idea is known as the former Monsanto Chemical site, according to the report.
If constructed, the casino, located in the town of Everett, would sit about three miles outside of Boston. According to the Globe, Wynn is expected to check out the site this week.
The state passed a bill last year allowing for three Las Vegas-like casinos to arise from Massachusetts soil. Other firms are in talks elsewhere regarding their respective possibilities.
Winning bidders must pay an $85 million license fee and invest at least $500 million in their project. Wynn had proposed a $1 billion joint in Foxborough. There’s no indication yet on what Wynn would want to spend in Everett.
After signing the legislation into law, Gov. Deval Patrick said the move was about jobs.
In addition to the Boston-area plan, Wynn, 70, is poised for a possible showdown in Philadelphia with local real estate mogul Bart Blatstein. Wynn wants to build a casino along the Delaware River. Pennsylvania has become one of the hottest gambling markets in the country.
While the company continues to seek investments in other American states, online gambling is on the horizon in Nevada. Like its chief competitors, Wynn Resorts Ltd. has applied for a license and looks to eventually take action from gamblers at home.
Follow Brian Pempus on Twitter — @brianpempus
Photo of location via Google Maps.
|1||Gambler Loses 15-Team Parlay On Last Game|
|2||Waitress: Mayweather Tipped $0 On $25K Tab|
|3||Ben Affleck Says He's Not A Degenerate Gambler|
|4||Revel Bidder Has Strange Plans For Casino|
|5||Web Poker: Isaac Haxton Scoops $736K In A Week|
|6||WSOP Announces It Has Signed Greg Merson|
|7||Darren Elias Wins 2014 WPT Borgata Poker Open|
|8||CPPT: The Bike to Use Quantum Reload Structure|
|9||Poker Hand of the Week: What's Your Play?|
|10||Man Charged With Fraud After $100 Casino Theft|
|1||WATCH: Crazy $1M Poker Cash Game Hand|
|2||Ivey Down $5.1M Under 'Polarizing' Screen Name|
|3||Dan Colman Wins SHRPO $10 Million Gtd. Main Event|
|4||Cops: Homeless Woman Killed WSOP Dealer|
|5||De Wolfe Accused Of Cheating In Poker Game|
|6||SHRPO Misses Guarantee, Puts Up $2.5M Overlay|
|7||Gambler Finally Hits Legendary Slot Machine|
|8||Gambler Loses 15-Team Parlay On Last Game|
|9||Angry Man Drives Pickup Truck Into Vegas Casino|
|10||'Underground Poker' Airs On Discovery Channel|