Wynn Resorts and Mohegan Sun squared off on Wednesday with their final pitches to Massachusetts gaming regulators for the Boston casino licence - and CEO Steve Wynn took off the gloves.
Wynn promised a five-star resort in Everett and bumped up his project cost from $1.2bn to $1.6bn. Mohegan, he said, will build a three-star property in Revere.
A five-star property should generate $800m in gaming revenue, a lesser property $300m, Wynn said. Mohegan says it will have a four-star and three-star hotel tower.
And, while Mohegan called itself the home team with New England values, Wynn suggested Mohegan’s flagship Connecticut property creates a conflict of interest.
What will Mohegan do with a big player when it pays a 25 per cent table game tax in Massachusetts and zero in Connecticut? he asked. “We have one interest, the casino in Massachusetts. We don’t give a damn about Connecticut,” Wynn said.
The state gaming commission intends to issue western and Boston area licences by May 31.
Source: Fantini’s Gaming Report
