WHEN MASSACHUSETTS ROLLED the dice in in 2011 and decided to join the casino bandwagon, it was certain that stories would eventually surface of lives ruined by the lure of legalized gambling. But House Speaker Robert DeLeo, who pushed hard for passage of the state’s casino law, clearly never expected that a member of his leadership […]
Casino
Posted inThe Download
Nangle arrest casts shadow on casino buy-in
When the state rolled the dice in 2011 and decided to join the casino bandwagon, it was certain that stories would eventually surface of lives ruined by the lure of legalized gambling. But House Speaker Robert DeLeo, who pushed hard for passage of the state’s casino law, clearly never expected that a member of his […]
Posted inGambling
What are Wynn, MGM up to?
NOBODY SEEMS TO KNOW what to make of last week’s announcement that MGM Resorts and Wynn Resorts are engaged in conversations about the sale of Wynn’s Everett casino and hotel. With just a few weeks before the $2.6 billion casino is scheduled to open and after years of endless litigation and controversy, Wynn and MGM […]
Posted inThe Download
Why a $20m fine looks like a Wynn win
Wynn Resorts was hit with $20 million fine yesterday by Nevada casino regulators, by far the largest sanction ever handed down there — and the company’s honchos were probably high-fiving each other afterwards, letting out sighs of relief that reached all the way to Everett 2,700 miles away. Such is the strange world of gambling, […]
Posted inThe Download
Has Wynn’s luck run out?
It was a good run for Wynn Resorts, the gambling behemoth that landed the big prize in the state’s casino sweepstakes when it was awarded the one license to run a casino (i.e., print money) in the Boston region. But as the company moguls well know, luck is fickle thing. Indeed, their entire business model […]
Posted inPolitics, The Download
MA-CT casino wars
Massachusetts stole GE from Connecticut, so now Connecticut is doing its best to undercut the $500-plus million MGM casino under construction in Springfield. Two Connecticut Indian tribes — the Mashantucket Pequots who own Foxwoods and the Mohegans who own Mohegan Sun — are teaming up to build a $300 million casino in East Windsor, which […]