Wynn Resorts has executed a two-year option agreement to buy 30 acres of land in the US state of Massachusetts to build an urban gambling resort.
The waterfront parcel is located in the city of Everett and is known as the former Monsanto Chemical Company property. Wynn’s bid for the Greater Boston resort casino licence puts the company in competition with Suffolk Downs, which has proposed a hotel-casino with partner Caesars Entertainment.
Under state law, the Massachusetts Gambling Commission can issue up to three licences for resort-style casinos, no more than one in each of three regions. The panel has set a January 15 deadline for casino applicants to submit financial documentation and a $400,000 non-refundable fee.
