Gaming Commission Hearings into Suitability for Encore begins
By Josh Resnek
M a s s a c h u s e t t s g a m i n g commissioners have begun the arduous courtroom like task of considering Wynn Resorts suitability to hold the casino license for the Boston area.
Those hearings began Tuesday and will be continuing until Thursday.
The outcome of these hearings is of gargantuan importance to the City of Everett and to everyone in a position of responsibility, starting with the mayor.
It is the mayor who brought Steve Wynn to Everett. The question of suitability, and more than that, of what was concealed during the vetting process comes less than three months before Wynn is set to open its $2.5 billion Encore Boston Harbor casino complex in Everett.
It is more than a year after Wynn founder and former CEO Steve Wynn resigned amid sexual misconduct allegations. One case led to a $7.5 million settlement.
The big question – what if the commission strips Wynn Resorts of its gaming license? Continue reading Concealed
Leader Herald Staff Report
Wynn Resorts CEO Matt Maddox sold 18,900 shares of the firm’s stock in a transaction on
Monday, February 4th, the Security and Exchange Commission has reported.
The stock was sold at an average price of $124.15, for a total value of $2,346,435.00.
Following the completion of the sale, Maddox now directly owns 487,399 shares of the company’s stock, valued at $60,510,585.85.
The coming storm and will be vindicated or vilified when the Massachusetts Gaming
Commission announces whether Wynn/Encore will be deemed suitable to hold the gaming license it needs in order to open its doors in June. Continue reading Maddox Wynn stock worth $60,000,000
This is not about doom and gloom.
It is not about being pro or anti-casino.
It is about a harsh reality; that the casino opening on June 19 is appearing to be less and less a possibility.
The city right now needs to be planning for a potential short – term economic crisis if the grand opening is put off for several months.
Continue reading June 19 Casino Opening at Risk; City Must Prepare
Mayor Allegedly Said City Hall Employees Must Do as He Says or Face Repercussions
By Josh Resnek
During the last 30 days before the 2013 citywide referendum was held on allowing casino gambling in Everett, the mayor apparently offered up high school aged students, graduates, and members of the National Honor Society, to participate in a citywide canvassing scheme to aid in assuring Wynn officials a victory when all the votes were counted, according to information received by the Leader Herald.
The mayor expressed enthusiasm for hiring the high school aged kids to canvas for the gambling referendum for city hall so he could gather information about how voters were tending to think and to gauge how they might vote.
Continue reading Mayor Suggested Using High School Age Kids to Canvas City for Casino Effort
MGC Taking Up Next Steps in Wynn Resorts Investigation Sept. 27
By Josh Resnek
The Massachusetts Gaming Commission announced Tuesday morning that on Thursday September 27 they will be discussing how exactly it will take the necessary steps to make use of all the investigative material that has been gathered since their investigation of Wynn Resorts began after the fall of the company’s founder, Steve Wynn.
The fall of Wynn and the plethora of accusations made against him by dozens of women led to his resignation as the head of the company he founded following the release of an investigative report published in the Wall Street Journal.
Continue reading Ready to Show Their Hand