Wynn making strong move in its bid for opening a casino resort in Everett

28 December 2012 Bonusgangster 0 Comments

It was confirmed by Wynn Resorts that they have executed a 2-year option agreement for buying a property in Massachusetts for building a gambling resort. The land plot, which they have bought, covers 30-acres of area.

Las Vegas based firm confirmed that the area is in the Everett City of Massachusetts. However, there is no yet disclosure made by the company on the terms and conditions involved in the deal.

With Suffolk Downs, in coalition with Caesars Entertainment Corp, also in the race, as they have proposed a Hotel Casino in Greater Boston too, it is going to be a lot of competition for the bid to get a casino license there for Wynn Resort.

Under the state law, there is scope for only 3 licenses to be given out by the Gambling Commission of Massachusetts for resort-style casinos. Even in these 3 casinos resorts, they are allowed to open only one in each of the regions.

It is believed that the Panel has given a date of January 15 2013-deadline to the casino applicants. By then, they will have to submit all the financial documentations required for the deal. They will also have to pay a non-refundable fee of USD 400,000.

Until last week, there was no news of whether Wynn Resorts have submitted any application or any fee.