LAS VEGAS—(September 17, 2014)
—Wynn Resorts was officially designated today as the award winner for the coveted Greater Boston (Region A) gaming license. The Massachusetts Gaming Commission confirmed the designation in a unanimous vote for the highly contested license that pitted Wynn against Mohegan Sun.
The designation concludes a nearly two-year process that includes plans to convert a contaminated site on the Mystic River that previously housed a Monsanto chemical plant into a $1.6 billion, five-star international destination. Located in Everett, MA, the planned Wynn Resort is expected to launch a major redevelopment of the primarily industrial neighborhood and unlock a waterfront that has not been accessible to the public for over a century.
"The trust that the Massachusetts Gaming Commission has placed in us is very much appreciated and valued by all of us at Wynn," said Robert DeSalvio, Senior Vice President of Development for Wynn. "This is an amazing project that will have a significant impact on job creation and economic development. Our top priority now is to complete our pre-construction work as quickly as possible and get shovels in the ground. We can't wait to start building what we know will be a spectacular destination that will draw people from across the globe."