Wynn Resorts claims that a new casino in Massachusetts will open in time
The new casino Encore Boston Harbor managed to become exceptional even before the opening. Wynn Resorts claims that construction will be completed on time, which is a rare event in the gambling industry.
The construction of a gambling facility located in Massachusetts should be completed this summer. According to Matt Maddox, current Wynn CEO, this will be one of the few casino projects that has not encountered many delays in the construction process.
It is expected that a comprehensive resort worth $2.6 billion will open on June 23. It will become the second casino resort in the state after MGM Springfield ($950 million), which officially opened last August. Both companies were selected by the Massachusetts gambling regulator in 2010 as the preferred developers of the new integrated resorts in the state.
Despite the assertion that construction is in full swing and the casino resort is almost ready to open, the state’s gambling regulator may prevent the company's plans.
The Massachusetts Game Commission (MGC) has not yet made a decision on whether companies will be allowed to work in the state. Currently, the company and the gambling regulator are involved in the Wynn inaction proceedings against the misconduct of its former CEO, Steve Wynn.
The gambling regulator decided to investigate the allegations shortly after the Nevada trial began. Although the case has already been reviewed, the MGC is in no hurry to publish the information. Due to the fact that the case was closely linked to Massachusetts and Nevada, the gambling regulator apparently wants to hear the official Nevada court decision first.
Matt Maddox continues to positively influence the company's image as a manager. He hopes that the operator will still receive permission to manage the casino, but the decision of Nevada will play a key role. In addition, the company agreed to pay the fine imposed on it by the Nevada Gambling Control Board, as well as dismiss employees who knew about the misconduct of the CEO and did not react properly.
The final decision of the MGC should be expected in the middle of the next month.
Suggested Reading - The Japanese government has put forward high requirements for non-gambling IR's