The project would also include a hotel, restaurants, and entertainment
Steve Wynn signs land deal to pitch casino in Massachusetts
2012-12-14
Reading time 32 seg
(US).- Las Vegas casino developer Steve Wynn has secured a 14-month lease on a 37-acre piece of land on the Mystic River in Everett, Massachusetts, and plans to submit an application to the state gambling commission to build a us$ 1 billion casino there.
Mayor Carlo DeMaria Jr. told about 300 residents who gathered Tuesday night for a community meeting to discuss the proposal he expected Wynn apply to the state.
The Boston Globe reported that DeMaria said a 24-a-day casino would be just one component of the development, which would also include a hotel, restaurants, shops and entertainment. He says the development would generate us$ 20 million to us$ 30 million in annual tax revenue.
Wynn's proposal is in competition with a possible casino at the Suffolk Downs horse track on the Boston/Revere line.
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