Flashy Las Vegas billionaire Steve Wynn blew back into town today to unveil stunning plans for a $1 billion casino he hopes to build on the shores of the Mystic River in Everett, upping the ante in the intensifying battle for the sole Boston gaming license.
A rendering of the project shows a glass-fronted double tower surrounded by a concourse of low buildings overlooking a lagoon.
Wynn is battling Suffolk Downs in East Boston, which is partnered with Vegas giant Caesar's, and Crossroads Resort in Milford, which is working with Warner Gaming, for the sole casino license for the Boston region. The flamboyant gaming mogul owns some of the world's largest and most lucrative casinos and has pledged to build a world-class resort on the 40-acre Everett site, which formerly housed a contaminated chemical plant.
Critics have said the site cleanup will be too costly and time-consuming and have also raised concerns about access to the property, which is located off Route 99. But Wynn has dismissed those concerns and vowed to build a world-class resort.
Boston Mayor Thomas M. Menino, who supports Suffolk Downs, has hinted that he could throw up a roadblock to the Everett project, noting that the road into the site is owned by the city of Boston. Boston would likely be considered a "neighboring community" to the Everett site, which would require Wynn to strike a deal with the city before a casino license could be approved. There have been no formal talks between Everett and Boston, officials said.
The state gaming board is currently sifting through thousands of pages of financial and personal documents, while cops and forensic investigators are poring over the backgrounds of hundreds of people tied to the state's 11 gambling proposals. In addition to the Boston license, one casino license will be issued for western Massachusetts, while there will be one slots parlor licensed.
In Southeastern Massachusetts, the Mashpee Wampanoags have an exclusive right to develop a casino in Taunton, but their window of opportunity is closing as the state gaming commission is considering opening the region up to commercial bidders due to repeated delays. The tribe has struck a new deal with Gov. Deval Patrick that needs to be approved by the state Legislature, as well as the federal government.
The slots license is slated to be issued this fall while the first casino licenses will be doled out early next year.
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