CASINO

Steve Wynn looking for a new Massachusetts casino site

TAGs: Casino News, Massachusetts, Steve Wynn, Wynn Resorts

Steve WynnWith three potentially lucrative Massachusetts casino licenses hanging up for grabs, a number of casinos have thrown their names into the hat, announcing their own respective plans for their prospective casino in Massachusetts should they receive one of the three aforementioned licenses.

Now it looks like Vegas casino mogul Steve Wynn is joining in on the fun. According to the Boston Globe, Wynn is looking into a potential site in the state and has set his sights oon the site of a former chemical plant in Everett, Massachusetts.

One of Wynn’s top executives, Kim Sinatra, has reportedly been in the site within the past few weeks to check out the feasibility of putting up a lavish casino resort in it. For his part, Wynn is expected to make his own trip to the location to personally see the site sooner than later.

If Wynn does push forward with this project, it would be the second time his company has made overtures in putting up a site in the state. Last year, Wynn expressed interest in putting up a casino in Foxborough, Massachusetts, choosing a site on land adjacent to Gillette Stadium and leased from New England Patriots owner Robert Kraft. But those plans eventually fizzled out, leaving Wynn to pull out of the deal with The Kraft Group.

But the man is undaunted, even in the face of competition from a heavyweight partnership that’s also vying for that lucrative casino license in the greater Boston area. As it stands now, Suffolks Downs and Caesars Entertainment have joined forces and is the only applicant in the potentially lucrative region.

On the other hand, the Western Massachusetts slot has seen some stiff competition from a number of casino companies, including Ameristar, Penn National Gaming, and MGM Resorts International.

Massachusetts law, the state gambling commission can only issue up to three casino licenses, no more than one in each of three regions in the state. It’s easy to understand why all the big-name casino companies are tripping over each other to secure one of those three licenses.

Now they’ll have to deal with Steve Wynn, who as we all have come to know, is one who has never backed down from a throw down.

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