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  • Boston Mayor and Casino Mogul Discuss Everett Casino at ‘Productive’ Meeting

    Boston Mayor and Casino Mogul Discuss Everett Casino at ‘Productive’ Meeting

    A days that are few a judge ruled against Boston’s legal work to prevent gambling operator Wynn Resorts from building a $1.7-billion casino resort in the Everett waterfront, City Mayor Martin Walsh and casino mogul Steve Wynn discussed the situation in today’s world, with Mr. Wynn calling the discussions quite ‘helpful.’

    The gambling business had been awarded certainly one of three licenses for fully-fledged casinos in Massachusetts into the fall of 2014. Subsequently, Mayor Walsh and Mr. Wynn were quarreling within the project that is proposed. The casino mogul really wants to build a 24-story glass that is curved that would feature gambling options, along with accommodation, meals and beverage, and retail people.

    Following the hour-long meeting between Mayor Walsh and Mr. Wynn, Michael Weaver, a spokesperson for the casino company, said that the conversations were ‘helpful’ and ‘productive.’ Yet, no agreement was reached on Tuesday.

    Mayor Walsh said after the conference he was reasonably optimistic about eventually reaching an agreement that is mutually beneficial Mr. Wynn. The mayor explained that the 2 events have been working on typical objectives and that the last meeting ended up being an incredibly effective one.

    Yet, Boston’s top official isn’t likely to stop opposing the construction associated with casino. He told local news that it’s his priority that is top to the passions of this city’s residents, particularly the ones that inhabit the Charlestown neighborhood. Continue reading  Post ID 7941

  • MGM Springfield Provides MassGaming with Details on Casino Project Modifications

    MGM Springfield Provides MassGaming with Details on Casino Project Modifications

    Officials for MGM Springfield introduced on Thursday the Massachusetts Gaming Commission with factual statements about the proposed changes to your $950-million hotel and casino resort the gambling operator is building in downtown Springfield.

    The said improvements include the replacement of a 25-story cup resort tower with a 6-story structure and a 9% lowering of the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby as well as the four commissioners that if authorized, the said changes would boost efficiency, fulfill consumer needs, and remove space that is unnecessary.

    Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally provided state gambling officials with additional information regarding the $150-million boost in expenses. In line with the plan that is initial the construction of this MGM Springfield casino resort would have cost $800 million. After the design modifications and other matters that are related the gambling operator has become likely to spend an approximate of $950 million.

    Mr. Stratton explained that the expense consist of $614 million for construction and furnishings, and much more than $335 million for different land improvements, license and application fees, host community agreements, and many more.

    Through the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in expenses had been a serious matter and that he expected more comprehensive information about it. Continue reading  Post ID 7941