Could Real Estate Catch a Virus?
If we get hit with anything like what we have seen from afar in China, there will be major disruptions to every facet of life, including businesses.
Everett Casino Generates $4.2M in Tax Revenue in Opening Week
In the first eight days that Encore Boston Harbor was open, gamblers wagered more than $93.5 million on the slot machines alone at the Everett casino and the Wynn Resorts operation counted $16.79 million in total revenue, or more than $2 million a day.
MGM Springfield Posts Third-Best Month as Boston Casino Prepares to Open
MGM Springfield counted $22.29 million in revenue from its slot machines and tables games last month and the slots at Plainridge Park Casino generated $14.84 million in revenue in May, a cumulative total of $12.84 million of which will flow to the state.
Encore Boston ‘In Good Spot’ for Opening Day
As gambling regulators comb through all aspects of the Encore Boston Harbor resort casino ahead of its planned opening later this month, the executive director of the Gaming Commission said everything is running on schedule for the June 23 start of betting in Everett.
Wynn Pays $35M Fine, Will Not Appeal
Wynn Resorts on Tuesday paid the $35 million fine imposed on it by the Massachusetts Gaming Commission and the $500,000 fine imposed on CEO Matt Maddox, while the commission opened bids for an independent monitor to keep an eye on Wynn Resorts for five years.
State Leaders to ‘Closely Monitor’ Boston Casino Sale Talks
Amid reports that Wynn Resorts is talking about selling its $2.6 billion casino development in Everett to MGM Resorts, House Speaker Robert DeLeo on Monday said he plans to make sure the interests of the state, Springfield and Everett are front and center in any proposed sale.
Wynn In Talks To Sell Everett Casino
After agreeing to pay a $35 million fine for misleading state regulators, and just five weeks before a grand opening, Wynn Resorts is in talks to sell its $2.6 billion Encore Boston Harbor casino in Everett.
Wynn Working Through Casino Punchlist, Expects June 1 Completion
Overseers of the mammoth resort casino preparing to open on the Mystic River in Everett plan to finish hiring its initial workforce and complete the installation of more than 3,000 gaming machines and tables by the end of May.
Gaming Commission in ‘Final Stages’ of Wynn Deliberations
A month after holding hearings on the licensing suitability of Wynn Resorts, state gaming industry regulators are expected to give an update Wednesday on deliberations and possibly on the timing of its decision.
Wynn Resorts Called a ‘Different Company’ After Steve Wynn’s Departure
Pledging that the company has undergone a “transformation” since Steve Wynn left the last year while embroiled in sexual misconduct allegations, Wynn Resorts on Tuesday set out to convince the Massachusetts Gaming Commission that it remains suitable to hold the lucrative Boston-area casino license.
A Year After #MeToo Scandal, Wynn Resorts Faces Regulators
Wynn Resorts has taken laudable steps to transform a culture that allowed sexual misconduct complaints against its founder to remain hidden for decades, women’s rights advocates and business experts say.
Wynn Resorts Fined $20M Over Sex Allegations
Casino mogul Steve Wynn’s former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.
Gambling Regulators Authorize Settlement to End Wynn Lawsuit
A settlement is pending in casino mogul Steve Wynn’s lawsuit seeking to block the release of Massachusetts’ investigation into allegations of sexual assault against him.
Gaming Commission to Huddle Over Wynn Lawsuit
Gaming regulators will meet privately Friday morning to discuss their defense against a lawsuit lodged by Steve Wynn. The meeting comes days after Wynn Resorts admitted that some former executives were aware of sexual misconduct allegations against its former CEO but did not investigate the claims.
10 CRE Stories to Watch in 2019
As projects in Somerville, East Boston, Allston-Brighton and South End move forward, developers of large vacant commercial properties in Newton and Woburn are laying out plans for mixed-use projects totaling over 3 million square feet.
