LAS VEGAS—(September 16, 2014)— Wynn Resorts announced today that the Massachusetts Gaming Commission has designated that the company will be awarded the gaming license for the Greater Boston region (Region A), contingent on agreement of the conditions imposed by the commission. Wynn Resorts had been vying with Mohegan Sun for the license.
In response to the decision, Steve Wynn, chairman and CEO of Wynn Resorts, stated:
“Having participated in this process for two years, we are mindful of the energy and dedication that the Mohegan Sun group brought to the effort. Considering the suspense that attended today’s decision and the high quality of Mohegan’s performance, we understand their disappointment. We nonetheless want to congratulate them on having done a fine job in making their case and we wish them well.
“We’d like to thank the Commission for the thoughtful and exhaustive energy that they have put into the process and we look forward to successfully navigating the program as it goes forward. We are mindful of Judge McHugh’s concerns and grateful for the confidence expressed by Commissioners Cameron, Zuniga and Stebbins and we’ll do our best to ensure that Judge McHugh’s worst fears are not realized.
“We believe that a great deal of the resistance and energy that we experienced in some surrounding communities, and especially with Boston, was directly related to the fact that this was a competition. We expect that now that a decision has been made, everybody will find it much easier to relate to one another, get on with the job of creating jobs and building a better life for the citizens of Everett and the surrounding communities in the Greater Boston area. There is, after all, the potential for enormous benefits made available by this legislation. It would be unreasonable to expect that all of the parties involved will fail to reach for, and accelerate, the realization of those benefits.”
ABOUT WYNN EVERETT
Wynn Everett is a proposed $1.6 billion project that will include a five-star resort with more than 500 rooms, high-end retail and dining, ballroom and meeting space. Situated on 30 acres along the Mystic River, the site will allow for public enjoyment of the waterfront with paths that provide access to the harbor and retail and dining experiences that overlook the river walk.
ABOUT WYNN RESORTS
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100 Indexes. Wynn Resorts owns and operates Wynn and Encore Las Vegas (www.wynnlasvegas.com) and Wynn and Encore Macau (www.wynnmacau.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs, two award-winning spas, an on-site 18-hole golf course, meeting space, a Ferrari and Maserati dealership, approximately 99,000 square feet of retail space as well as two showrooms; three nightclubs and a beach club.
Wynn and Encore Macau is a destination casino located in the Macau Special Administrative Region of the People's Republic of China with two luxury hotel towers with a total of 1,008 spacious rooms and suites, approximately 280,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, recreation and leisure facilities, including two health clubs, two spas and a pool.