Wynn Resorts billionaire founder Steve Wynn told reporters that he was flabbergasted at the pull out of Caesars Entertainment Corp in a Boston casino project. Caesars exited a proposed USD 1 billion project after the Massachusetts Gaming Commission's recommendation that a license not be issued for the company. The biggest owner of casinos in the US had partnered with Suffolk Downs for its casino license application in the Boston area.
Wynn said the licensing process in the state confused him. He said in a conference call, "In my 47 years of business in the gaming industry, this is probably one of the most challenging, complex situations that I've ever faced. If I was in any other business, and I was willing to spend the kind of money, create the kind of jobs that these states have requested, we would have the red carpet rolled out for us. But if you're in the gaming business, there's sort of a crummy presumption that you might be unsavory."
Join the Conversation